Southwest Airlines

Industrials Passenger Airlines Dallas, Texas Last filing Feb 5, 2026 · FY2025

Balance Sheet

Assets, liabilities, and equity

32 accounts · 5 years

Account	2025	2024	2023	2022	2021
Statement
BS Assets Cash	$3.2B	$7.5B	$9.3B	$9.5B	$12.5B
BS Assets Accts Receivable	$98.0M	$1.1B	$1.2B	$1.0B	$1.4B
BS Assets Inventory	$1.2B	$1.4B	$1.2B	$852.0M	$854.0M
BS Assets Prepaid Expenses	$490.0M	$639.0M	$520.0M	$686.0M	$638.0M
BS Assets Other Current Assets	$1.1B	$1.1B	$964.0M	$855.0M	$882.0M
BS Assets Total Current	$5.6B	$11.3B	$14.0B	$14.8B	$18.0B
BS Assets PPE	$20.2B	$0	$19.4B	$17.3B	$14.8B
BS Assets Op Lease ROU	$1.1B	$1.4B	$1.2B	$1.4B	$1.6B
BS Assets Goodwill	$970.0M	$970.0M	$970.0M	$970.0M	$970.0M
BS Assets Intangible Assets	$296.0M	$300.0M	$296.0M	$296.0M	$295.0M
BS Assets Deferred Tax Assets	$2.3B	$2.2B	$2.2B	$2.0B	$1.8B
BS Assets Other Noncurrent	$1.1B	$1.1B	$964.0M	$855.0M	$882.0M
BS Assets Total	$29.1B	$33.8B	$36.5B	$35.4B	$36.3B
BS Liab Accts Payable	$2.0B	$1.8B	$1.9B	$2.0B	$1.3B
BS Liab Accrued Liab	$2.3B	$2.2B	$3.6B	$2.0B	$1.6B
BS Liab Deferred Rev Current	$5.9B	$6.3B	$6.6B	$6.1B	$5.6B
BS Liab Op Lease Current	$312.0M	$328.0M	$208.0M	$225.0M	$239.0M
BS Liab Other Current	$1.3B	$909.0M	$981.0M	$969.0M	$1.2B
BS Liab Total Current	$10.9B	$12.3B	$12.3B	$10.4B	$9.2B
BS Liab Long Term Debt	$4.6B	$5.1B	$8.0B	$8.0B	$10.3B
BS Liab Deferred Rev LT	$1.2B	$1.9B	$1.7B	$2.2B	$2.2B
BS Liab Op Lease Noncurrent	$768.0M	$1.0B	$985.0M	$1.1B	$1.3B
BS Liab Deferred Tax Liab	$2.3B	$2.2B	$2.0B	$2.0B	$1.8B
BS Liab Other Noncurrent	$1.3B	$909.0M	$981.0M	$969.0M	$1.2B
BS Liab Total	$10.9B	$12.3B	$12.3B	$10.4B	$9.2B
BS Equity Common Stock	$888.0M	$888.0M	$888.0M	$888.0M	$888.0M
BS Equity APIC	$4.3B	$4.2B	$4.2B	$4.0B	$4.2B
BS Equity Retained Earnings	$16.4B	$16.3B	$16.3B	$16.3B	$15.8B
BS Equity Treasury Stock	$2.6B	$251.0M	$10.8B	$0	$10.9B
BS Equity AOCI	$-24.0M	$-25.0M	$0	$344.0M	$388.0M
BS Equity Total	$8.0B	$10.3B	$10.5B	$10.7B	$10.4B
BS Equity Total Liab and Equity	$29.1B	$33.8B	$36.5B	$35.4B	$36.3B

Income Statement

Revenue, expense, and profitability

15 accounts · 5 years

Revenue $28.1B

Operating income $428.0M

Net income $441.0M

Account	2025	2024	2023	2022	2021
Statement
IS Revenue Total	$28.1B	$27.5B	$26.1B	$23.8B	$15.8B
IS Expense DA	$1.6B	$1.7B	$1.5B	$1.4B	$1.3B
IS Expense SBC	$99.0M	$45.0M	$86.0M	$84.0M	$58.0M
IS Operating Income	$428.0M	$321.0M	$224.0M	$1.0B	$1.7B
IS Interest Income	$205.0M	$497.0M	$583.0M	$217.0M	$13.0M
IS Interest Expense	$167.0M	$249.0M	$259.0M	$340.0M	$19.0M
IS Other Nonop Inc Exp	$43.0M	$-6.0M	$62.0M	$-12.0M	$50.0M
IS Pre Tax Income	$563.0M	$598.0M	$633.0M	$728.0M	$1.3B
IS Tax Expense	$122.0M	$133.0M	$168.0M	$189.0M	$348.0M
IS net Income	$441.0M	$465.0M	$465.0M	$539.0M	$977.0M
IS Comprehensive Income	$442.0M	$440.0M	$121.0M	$495.0M	$1.5B
IS EPS Basic	$1	$1	$1	$1	$2
IS EPS Diluted	$1	$1	$1	$1	$2
IS Shares Basic	$540.0M	$598.0M	$595.0M	$593.0M	$592.0M
IS Shares Diluted	$558.0M	$643.0M	$640.0M	$642.0M	$609.0M

Cash Flow Statement

Operating, investing, and financing flows

17 accounts · 5 years

Account	2025	2024	2023	2022	2021
Statement
CF Ops net Income	$441.0M	$465.0M	$465.0M	$539.0M	$977.0M
CF Ops DA	$1.6B	$1.7B	$1.5B	$1.4B	$1.3B
CF Ops SBC	$99.0M	$45.0M	$86.0M	$84.0M	$58.0M
CF Ops Deferred Tax	$122.0M	$132.0M	$159.0M	$228.0M	$-20.0M
CF Ops Working Capital	$-1.1B	$1.9B	$563.0M	$525.0M	$591.0M
CF Ops Other	$157.0M	$-86.0M	$-175.0M	$28.0M	$28.0M
CF Ops net Cash	$1.8B	$462.0M	$3.2B	$3.8B	$2.3B
CF Inv net Cash	$-1.4B	$-261.0M	$-2.9B	$-3.7B	$-1.3B
CF Fin Share Repurchases	$2.5B	$250.0M	$0	$0	$0
CF Fin Dividends	$399.0M	$430.0M	$428.0M	$0	$0
CF Fin Stock Issuance	$59.0M	$60.0M	$48.0M	$45.0M	$51.0M
CF Fin Other	$-26.0M	$-17.0M	$6.0M	$8.0M	$77.0M
CF Fin net Cash	$-4.7B	$-2.0B	$-436.0M	$-3.0B	$359.0M
CF FX Effect	$3.2B	$7.5B	$9.3B	$9.5B	$12.5B
CF net Change	$-4.3B	$-1.8B	$-204.0M	$-3.0B	$1.4B
CF Cash Begin	$3.2B	$7.5B	$9.3B	$9.5B	$12.5B
CF Cash End	$3.2B	$7.5B	$9.3B	$9.5B	$12.5B

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Assets, liabilities, and equity

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