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Southwest Airlines

NYSE: LUV

Stock price

41.36 USD

(+0%) TODAY

Passenger AirlinesAirlinesAirports & Air Services
Financials

all figures in US$ Millions except per share data

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Actual
10 year cagr
Help
Where available up to 10y CAGR shown for absolute numbers 10y Average marked A shown for relative numbers such as margins
Fiscal
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
Average (A)
Fiscal period end dates
Expand all rows
01Earnings per share
Help
Earnings per share = Net Income / Number of Shares Outstanding
3.3
3.6
5.8
4.3
4.3
(5.4)
1.6
0.9
0.8
0.8
0.8
(13.2)%
02Free cash flow per share
1.6
3.4
2.8
5.1
5.5
(2.9)
3
(0.2)
(0.6)
(2.5)
(1.5)
-
03Dividends per share
0.3
0.4
0.5
0.6
0.7
0.2
-
-
0.9
0.7
0.7
9.7%
04Dividends payout, %
8.3%
9.9%
7.9%
13.5%
16.2%
(6.1)%
-
-
92%
92.5%
90.5%
27.1%
PROFIT AND LOSS STATEMENT
05Revenue
19,820
20,425
21,171
21,965
22,428
9,048
15,790
23,814
26,091
27,483
28,063
3.5%
06% Change
-
-
-
-
-
-
-
-
-
-
-
3.5%
07Cost of revenue
(13,423)
(14,064)
(14,892)
(15,907)
(16,445)
(10,938)
(11,675)
(19,062)
(21,868)
(23,024)
(23,168)
5.6%
08Gross profit
6,397
6,225
6,254
6,058
5,983
(1,890)
4,115
4,752
4,223
4,459
4,895
(2.6)%
09% Margin
32.3%
30.5%
29.5%
27.6%
26.7%
(20.9)%
26.1%
20%
16.2%
16.2%
17.4%
20.1% A
10Operating expenses
(2,281)
(2,703)
(2,847)
(2,852)
(3,026)
(1,926)
(2,394)
(3,735)
(3,999)
(4,138)
(4,467)
7%
11% of Revenue
(11.5)%
(13.2)%
(13.5)%
(13)%
(13.5)%
(21.3)%
(15.2)%
(15.7)%
(15.3)%
(15.1)%
(15.9)%
(14.8)% A
12Operating Income
4,116
3,522
3,407
3,206
2,957
(3,816)
1,721
1,017
224
321
428
(20.3)%
13Income tax expense
(1,298)
(1,267)
(92)
(699)
(657)
(1,182)
(348)
(189)
(168)
(133)
(122)
(21.1)%
14Net Income
2,181
2,244
3,488
2,465
2,300
(3,074)
977
539
465
465
441
(14.8)%
15% Margin
11%
11%
16.5%
11.2%
10.3%
(34)%
6.2%
2.3%
1.8%
1.7%
1.6%
3.6% A
16Shares Outstanding
669
633
603
574
539
565
609
642
640
643
558
(1.8)%
17EPS Basic
3.3
3.6
5.8
4.3
4.3
(5.4)
1.7
0.9
0.8
0.8
0.8
(13)%
18EPS Diluted
3.3
3.6
5.8
4.3
4.3
(5.4)
1.6
0.9
0.8
0.8
0.8
(13.2)%
19EBITDA
4,584
4,746
4,548
4,458
4,258
(2,687)
3,028
2,380
2,391
2,469
2,236
(6.9)%
% Margin
23.1%
23.2%
21.5%
20.3%
19%
(29.7)%
19.2%
10%
9.2%
9%
8%
12.1% A
20Net Interest Income (expense)
(81)
(51)
(30)
(24)
8
(282)
(418)
(84)
347
283
92
-
21Net Debt / EBITDA
0.3
0.4
0.5
0.3
0.3
(0.4)
(0.1)
-
-
0.2
1.4
0.3 A
BALANCE SHEET
ASSETS
Current Assets
22Cash & equivalents
1,583
1,680
1,495
1,854
2,548
11,063
12,480
9,492
9,288
7,509
2,831
6%
23Short-term investments
1,468
1,625
1,778
1,835
1,524
2,271
3,024
2,800
2,186
1,216
400
(12.2)%
24Accounts receivable
474
546
662
568
1,086
1,130
1,357
1,040
1,154
1,110
1,149
9.3%
25Other current assets
188
310
460
310
287
295
638
686
520
639
490
10.1%
26Inventory
311
337
420
461
529
414
537
790
807
800
775
9.6%
27Total Current Assets
4,024
4,498
4,815
5,028
5,974
15,173
18,036
14,808
13,955
11,274
5,645
3.4%
Non-Current Assets
28Net property, plant & equipment
15,601
17,044
18,539
19,525
18,374
17,723
16,432
18,736
20,598
20,425
21,334
3.2%
29Long-term investments
40
-
-
-
-
-
-
235
280
367
457
27.6%
30Other non-current assets
1,647
1,744
1,756
1,689
1,547
1,692
1,852
1,590
1,654
1,684
1,625
(0.1)%
31Total Non-Current Assets
17,288
18,788
20,295
21,214
19,921
19,415
18,284
20,561
22,532
22,476
23,416
3.1%
Total Assets
21,312
23,286
25,110
26,243
25,895
34,588
36,320
35,369
36,487
33,750
29,061
3.2%
LIABILITIES
Current Liabilities
32Accounts payable
178
138
186
263
304
111
156
277
265
339
389
8.1%
33Short-term debt
637
566
348
606
1,172
526
692
309
237
1,958
636
(0)%
34Other current liabilities
6,591
6,140
6,371
7,036
7,476
6,869
8,316
9,792
11,754
9,979
9,896
4.2%
35Total Current Liabilities
7,406
6,844
6,905
7,905
8,952
7,506
9,164
10,378
12,256
12,276
10,921
4%
Non-Current Liabilities
36Long-term debt
2,541
2,821
3,320
2,771
2,824
11,673
11,589
9,164
8,963
6,100
5,345
7.7%
37Other non-current liabilities
4,007
5,180
5,286
5,714
4,287
6,533
5,153
5,140
4,753
5,024
4,814
1.9%
38Total Non-Current Liabilities
6,548
8,001
8,606
8,485
7,111
18,206
16,742
14,304
13,716
11,124
10,159
4.5%
39Total Liabilities
13,954
14,845
14,680
16,390
16,063
25,712
25,906
24,682
25,972
23,400
21,080
4.2%
SHAREHOLDERS` EQUITY
40Common stock
808
808
808
808
808
888
888
888
888
888
888
1%
41Retained earnings / (deficit)
9,409
11,418
14,621
15,967
17,945
14,777
15,774
16,261
16,297
16,332
16,388
5.7%
42Accumulated other comprehensive income / (loss)
(1,051)
(323)
12
20
(61)
(105)
388
344
-
(25)
(24)
(31.5)%
43Noncontrolling interests
-
-
-
-
-
-
-
-
-
-
-
-
44Total shareholders' equity
7,358
8,441
10,430
9,853
9,832
8,876
10,414
10,687
10,515
10,350
7,981
0.8%
45Total Liabilities and shareholders' Equity
21,312
23,286
25,110
26,243
25,895
34,588
36,320
35,369
36,487
33,750
29,061
3.2%
46Total Debt
3,178
3,387
3,668
3,377
3,996
12,199
12,281
9,473
9,200
8,058
5,981
6.5%
47Net Debt
1,595
1,707
2,173
1,523
1,448
1,136
(199)
(19)
(88)
549
3,150
7%
CASH FLOW STATEMENT
CASH FLOWS FROM OPERATING ACTIVITIES
48Net income (loss)
2,181
2,244
3,488
2,465
2,300
(3,074)
977
539
465
465
441
(14.8)%
49Depreciation & amortization
1,015
1,221
1,218
1,201
1,219
1,255
1,272
1,351
1,522
1,657
1,560
4.4%
50Share-based compensation expense
29
33
37
46
55
-
58
84
-
-
-
16.4%
51Changes in working capital and other assets
13
795
(814)
1,181
413
692
15
1,816
1,177
(1,660)
(159)
-
52Net cash flows from operating activities
3,238
4,293
3,929
4,893
3,987
(1,127)
2,322
3,790
3,164
462
1,842
(5.5)%
CASH FLOWS FROM INVESTING ACTIVITIES
53Purchases of property, plant and equipment
(2,143)
(2,147)
(2,249)
(1,976)
(1,027)
(515)
(511)
(3,946)
(33)
(2,039)
(2,673)
2.2%
54Purchases of investments / marketable securities
(1,986)
(2,388)
(2,380)
(2,409)
(2,122)
(5,080)
(5,824)
(5,592)
(6,970)
(5,014)
(470)
(13.4)%
55Proceeds from maturities of marketable securities
2,223
2,263
2,221
2,342
2,446
4,336
5,071
5,792
7,591
5,995
1,693
(2.7)%
56Other investing activities
(7)
-
-
5
400
1,243
-
-
(3,520)
797
21
-
57Net cash flows from investing activities
(1,913)
(2,272)
(2,408)
(2,038)
(303)
(16)
(1,264)
(3,746)
(2,932)
(261)
(1,429)
(2.9)%
CASH FLOWS FROM FINANCING ACTIVITIES
58Issuance (repurchases) of common stock, net
(1,134)
(1,721)
(1,571)
(1,965)
(1,960)
1,891
51
45
48
(190)
(2,491)
8.2%
59Dividends paid, net
(180)
(222)
(274)
(332)
(372)
(188)
-
-
(428)
(430)
(399)
8.3%
60Debt issuance (repayments), net
287
(76)
8
(342)
(615)
8,099
231
(3,085)
(85)
(1,337)
(1,775)
-
61Other financing activities
3
95
131
143
(43)
(144)
77
8
29
(23)
(26)
-
62Net cash flows from financing activities
(1,024)
(1,924)
(1,706)
(2,496)
(2,990)
9,658
359
(3,032)
(436)
(1,980)
(4,691)
16.4%
63Increase (decrease) in cash and cash equivalents
301
97
(185)
359
694
8,515
1,417
(2,988)
(204)
(1,779)
(4,278)
-
64Cash and equivalents, ending balance
1,583
1,680
1,495
1,854
2,548
11,063
12,480
9,492
9,288
7,509
3,231
7.4%
65Free Cash Flow to the Firm (FCFF)
Help
Free Cash Flow to the Firm = Cash Flows from Operating Activities - Capital Expenditures
1,095
2,146
1,680
2,917
2,960
(1,642)
1,811
(156)
3,131
(1,577)
(831)
-

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