LUV

Southwest Airlines

Industrials

Passenger Airlines

Dallas, Texas

Balance Sheet 37 Accounts • 5 Years

Account	2024	2023	2022	2021	2020
end	2024-12-31	2023-12-31	2022-12-31	2021-12-31	2020-12-31
Assets - CashAndCashEquivalents	$7.5B	$9.3B	$9.5B	$12.5B	$11.1B
Assets - ShortTermInvestments	$1.2B	$2.2B	$2.8B	$3.0B	$2.3B
Assets - AccountsReceivable	$1.1B	$1.2B	$1.0B	$1.4B	$1.1B
Assets - Inventory	$1.4B	$1.2B	$852.0M	$854.0M	$750.0M
Assets - PrepaidExpensesAndOtherCurrentAssets	$639.0M	$520.0M	$686.0M	$638.0M	$295.0M
Assets - TotalCurrentAssets	$11.3B	$14.0B	$14.8B	$18.0B	$15.2B
Assets - Property,PlantAndEquipment(flightEquipment)	$19.1B	$19.4B	$17.3B	$14.8B	$15.8B
Assets - OperatingLeaseAssets	$1.4B	$1.2B	$1.4B	$1.6B	$1.9B
Assets - FinanceLeaseAssets	$102.0M	$125.0M	$297.0M	$556.0M	$667.0M
Assets - Goodwill	$970.0M	$970.0M	$970.0M	$970.0M	$970.0M
Assets - IntangibleAssets	$300.0M	$296.0M	$296.0M	$295.0M	$295.0M
Assets - DeferredTaxAssets	$3.2B	$3.8B	$3.4B	$2.9B	$3.2B
Assets - OtherNoncurrentAssets	$1.1B	$964.0M	$855.0M	$882.0M	$722.0M
Assets - TotalAssets	$33.8B	$36.5B	$35.4B	$36.3B	$34.6B
Liabilities - AccountsPayable	$1.8B	$1.9B	$2.0B	$1.3B	$931.0M
Liabilities - AccruedLiabilities	$2.2B	$3.6B	$2.0B	$1.6B	$2.3B
Liabilities - AirTrafficLiability/DeferredRevenue(current)	$6.3B	$6.6B	$6.1B	$5.6B	$3.8B
Liabilities - ShortTermDebtAndCurrentPortionOfLongTermDebt	$1.6B	$29.0M	$42.0M	$453.0M	$220.0M
Liabilities - OperatingLeaseLiabilitiesCurrent	$328.0M	$208.0M	$225.0M	$239.0M	$306.0M
Liabilities - FinanceLeaseLiabilitiesCurrent	$22.0M	$29.0M	$42.0M	$82.0M	$83.0M
Liabilities - DividendsPayable	$107.0M	$107.0M	$107.0M	$0	$0
Liabilities - TotalCurrentLiabilities	$12.3B	$12.3B	$10.4B	$9.2B	$7.5B
Liabilities - LongTermDebt	$5.1B	$8.0B	$8.0B	$10.3B	$10.1B
Liabilities - OperatingLeaseLiabilitiesNoncurrent	$1.0B	$985.0M	$1.1B	$1.3B	$1.6B
Liabilities - FinanceLeaseLiabilitiesNoncurrent	$69.0M	$75.0M	$147.0M	$377.0M	$459.0M
Liabilities - DeferredRevenueAndContractLiabilitiesNoncurrent	$1.9B	$1.7B	$2.2B	$2.2B	$3.3B
Liabilities - DeferredTaxLiabilitiesNoncurrent	$2.2B	$2.0B	$2.0B	$1.8B	$1.6B
Liabilities - PensionAndOtherPostretirementBenefitsLiabilitiesNoncurrent	$256.0M	$269.0M	$241.0M	$330.0M	$428.0M
Liabilities - OtherNoncurrentLiabilities	$909.0M	$981.0M	$969.0M	$1.2B	$1.2B
Equity - CommonStock	$888.0M	$888.0M	$888.0M	$888.0M	$888.0M
Equity - AdditionalPaidInCapital	$4.2B	$4.2B	$4.0B	$4.2B	$4.2B
Equity - RetainedEarnings(deficit)	$16.3B	$16.3B	$16.3B	$15.8B	$14.8B
Equity - TreasuryStock	$251.0M	—	$10.8B	$10.9B	$10.9B
Equity - AccumulatedOtherComprehensiveIncome(loss)	$-25.0M	$0	$344.0M	$388.0M	$-105.0M
Equity - TotalStockholdersEquity	$10.3B	$10.5B	$10.7B	$10.4B	$8.9B
Equity - TotalLiabilitiesAndStockholdersEquity	$33.8B	$36.5B	$35.4B	$36.3B	$34.6B

Income Statement 24 Accounts • 5 Years

Account	2024	2023	2022	2021	2020
end	2024-12-31	2023-12-31	2022-12-31	2021-12-31	2020-12-31
IncomeStatement - Revenues - TotalOperatingRevenues	$27.5B	$26.1B	$23.8B	$15.8B	$2.0B
IncomeStatement - OperatingExpenses - Salaries,Wages,AndBenefits	$12.2B	$11.2B	$9.4B	$7.7B	$6.8B
IncomeStatement - OperatingExpenses - AircraftFuelAndOil	$5.8B	$6.2B	$6.0B	$3.3B	$1.8B
IncomeStatement - OperatingExpenses - Maintenance,Materials,AndRepairs	$1.4B	$1.2B	$852.0M	$854.0M	$750.0M
IncomeStatement - OperatingExpenses - LandingFeesAndOtherRentals	$2.0B	$1.8B	$1.5B	$1.5B	$1.2B
IncomeStatement - OperatingExpenses - DepreciationAndAmortization	$1.7B	$1.5B	$1.4B	$1.3B	$1.3B
IncomeStatement - OperatingExpenses - Selling,Advertising,AndPromotion	$346.0M	$266.0M	$224.0M	$185.0M	$156.0M
IncomeStatement - OperatingExpenses - OtherOperatingExpenses	$4.1B	$4.0B	$3.7B	$2.4B	$1.9B
IncomeStatement - OperatingExpenses - TotalOperatingExpenses	$27.2B	$25.9B	$22.8B	$14.1B	$12.9B
IncomeStatement - OtherIncomeExpense - OperatingIncome(loss)	$321.0M	$224.0M	$1.0B	$1.7B	$-3.8B
IncomeStatement - OtherIncomeExpense - InterestExpense	$4.0M	$5.0M	$15.0M	$19.0M	$22.0M
IncomeStatement - OtherIncomeExpense - InterestIncome	$497.0M	$583.0M	$217.0M	$13.0M	$32.0M
IncomeStatement - OtherIncomeExpense - Gain(loss)OnExtinguishmentOfDebt	$-2.0M	$0	$-193.0M	$-28.0M	$0
IncomeStatement - OtherIncomeExpense - Gain(loss)OnSaleOfAssets/investments	$0	$0	$-35.0M	$-12.0M	$-32.0M
IncomeStatement - OtherIncomeExpense - OtherNonoperatingIncome(expense)	$-4.0M	$62.0M	$-12.0M	$50.0M	$-158.0M
IncomeStatement - OtherIncomeExpense - Income(loss)BeforeIncomeTaxes	$598.0M	$633.0M	$728.0M	$1.3B	$-4.3B
IncomeStatement - IncomeTax - IncomeTaxExpense(benefit)	$133.0M	$168.0M	$189.0M	$348.0M	$-1.2B
IncomeStatement - NetIncomeAndEps - NetIncome(loss)	$465.0M	$465.0M	$539.0M	$977.0M	$-3.1B
IncomeStatement - NetIncomeAndEps - BasicEarningsPerShare	$1	$1	$1	$2	$-5
IncomeStatement - NetIncomeAndEps - DilutedEarningsPerShare	$1	$1	$1	$2	$-5
IncomeStatement - NetIncomeAndEps - WeightedAverageSharesOutstandingBasic	$598.0M	$595.0M	$593.0M	$592.0M	$565.0M
IncomeStatement - NetIncomeAndEps - WeightedAverageSharesOutstandingDiluted	$643.0M	$640.0M	$642.0M	$609.0M	$565.0M
IncomeStatement - NetIncomeAndEps - ComprehensiveIncome(loss)	$440.0M	$121.0M	$495.0M	$1.5B	$-3.1B

Cash Flow Statement 24 Accounts • 5 Years

Account	2024	2023	2022	2021	2020
end	2024-12-31	2023-12-31	2022-12-31	2021-12-31	2020-12-31
CashFlow - OperatingActivities - NetIncome	$465.0M	$465.0M	$539.0M	$977.0M	$-3.1B
CashFlow - OperatingActivities - DepreciationAndAmortization	$1.7B	$1.5B	$1.4B	$1.3B	$1.3B
CashFlow - OperatingActivities - ShareBasedCompensation	$45.0M	$86.0M	$84.0M	$58.0M	$17.0M
CashFlow - OperatingActivities - DeferredIncomeTaxes	$132.0M	$159.0M	$228.0M	$-20.0M	$-716.0M
CashFlow - OperatingActivities - Gains/lossesOnDebtExtinguishment/assetSales	$-2.0M	$0	$-193.0M	$-28.0M	$0
CashFlow - OperatingActivities - ChangesInOperatingAssetsAndLiabilities	$-1.6B	$1.3B	$702.0M	$1.3B	$1.4B
CashFlow - OperatingActivities - OtherOperatingCashFlows	$-88.0M	$-171.0M	$28.0M	$28.0M	$-95.0M
CashFlow - OperatingActivities - NetCashFromOperatingActivities	$462.0M	$3.2B	$3.8B	$2.3B	$-1.1B
CashFlow - InvestingActivities - CapitalExpenditures(flightEquipmentAndOther)	$2.1B	$3.5B	$3.9B	$505.0M	$515.0M
CashFlow - InvestingActivities - PurchasesOfShortTermInvestments	$5.0B	$7.0B	$5.6B	$5.8B	$5.1B
CashFlow - InvestingActivities - ProceedsFromSales/maturitiesOfShortTermInvestments	$6.0B	$7.6B	$5.8B	$5.1B	$4.3B
CashFlow - InvestingActivities - NetCashFromInvestingActivities	$-261.0M	$-2.9B	$-3.7B	$-1.3B	$-16.0M
CashFlow - FinancingActivities - RepaymentsOfDebt(shortAndLongTerm)	$0	$0	$648.0M	$293.0M	$839.0M
CashFlow - FinancingActivities - PrincipalPaymentsOnFinanceLeases	$26.0M	$32.0M	$78.0M	$83.0M	$85.0M
CashFlow - FinancingActivities - PaymentsForRepurchaseOfCommonStock	$250.0M	$0	$0	$0	$451.0M
CashFlow - FinancingActivities - PaymentOfDividends	$430.0M	$428.0M	$0	$0	$188.0M
CashFlow - FinancingActivities - ProceedsFromIssuanceOfCommonStock/StockPlans	$60.0M	$48.0M	$0	$0	$2.3B
CashFlow - FinancingActivities - OtherFinancingActivities	$-17.0M	$6.0M	$8.0M	$77.0M	$49.0M
CashFlow - FinancingActivities - NetCashFromFinancingActivities	$-2.0B	$-436.0M	$-3.0B	$359.0M	$9.7B
CashFlow - CashReconciliationAndSupplemental - EffectOfExchangeRateChangesOnCash	$-1.8B	$-204.0M	$-3.0B	$1.4B	$8.5B
CashFlow - CashReconciliationAndSupplemental - IncomeTaxesPaid	$9.0M	$18.0M	$20.0M	$445.0M	$19.0M
CashFlow - CashReconciliationAndSupplemental - InterestPaid	$220.0M	$228.0M	$305.0M	$336.0M	$212.0M
CashFlow - CashReconciliationAndSupplemental - RightOfUseAssetsObtainedForLeases(nonCash)	$377.0M	$82.0M	$58.0M	$327.0M	$915.0M

Southwest Airlines

Balance Sheet 37 Accounts • 5 Years

Income Statement 24 Accounts • 5 Years

Cash Flow Statement 24 Accounts • 5 Years

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