Southwest Airlines Co - Understand $luv stock

$LUV Market Cap: $20.48 Billion

Research Board Inbox Deep Research Not Interested Shortlisted

Financial Snapshot

Revenue

$27.38B

TTM

Gross Margin

70.06%

TTM

Net Earnings

-$49.00M

TTM

Current Assets

$11.93B

Q3 2024

Current Liabilities

$13.49B

Q3 2024

Current Ratio

88.44%

Q3 2024

Total Assets

$34.85B

Q3 2024

Total Liabilities

$24.44B

Q3 2024

Book Value

$10.41B

Q3 2024

Cash

$8.503B

Q3 2024

P/E

-418.0

Nov 29, 2024 EST

Free Cash Flow

-$1.927B

TTM

Revenues

Revenue YoY Change

Revenues

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003	2002	2001	2000	1999	1998	1997	1996	1995	1994	1993	1992	1991	1990	1989	1988	1987	1986	1985	1984	1983
Revenue	$26.09B	$23.81B	$15.79B	$9.048B	$22.43B	$21.97B	$21.17B	$20.43B	$19.82B	$18.61B	$17.70B	$17.09B	$15.66B	$12.10B	$10.35B	$11.02B	$9.861B	$9.086B	$7.584B	$6.530B	$5.937B	$5.522B	$5.555B	$5.650B	$4.736B	$4.164B	$3.817B	$3.406B	$2.873B	$2.592B	$2.297B	$1.803B	$1.379B	$1.187B	$1.015B	$860.0M	$778.0M	$769.0M	$680.0M	$536.0M	$448.0M
YoY Change	9.56%	50.82%	74.51%	-59.66%	2.11%	3.75%	3.65%	3.05%	6.53%	5.12%	3.58%	9.13%	29.36%	16.95%	-6.11%	11.78%	8.53%	19.8%	16.14%	9.99%	7.52%	-0.59%	-1.68%	19.3%	13.74%	9.09%	12.07%	18.55%	10.84%	12.84%	27.4%	30.75%	16.18%	16.95%	18.02%	10.54%	1.17%	13.09%	26.87%	19.64%

Expenses

Cost Of Revenues

Gross Profit

Gross Profit Margin

Gross Profit

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003	2002	2001	2000	1999	1998	1997	1996	1995	1994	1993	1992	1991	1990	1989	1988	1987	1986	1985	1984	1983
Revenue	$26.09B	$23.81B	$15.79B	$9.048B	$22.43B	$21.97B	$21.17B	$20.43B	$19.82B	$18.61B	$17.70B	$17.09B	$15.66B	$12.10B	$10.35B	$11.02B	$9.861B	$9.086B	$7.584B	$6.530B	$5.937B	$5.522B	$5.555B	$5.650B	$4.736B	$4.164B	$3.817B	$3.406B	$2.873B	$2.592B	$2.297B	$1.803B	$1.379B	$1.187B	$1.015B	$860.0M	$778.0M	$769.0M	$680.0M	$536.0M	$448.0M
Cost Of Revenue	$8.006B	$7.483B	$4.766B	$3.089B	$5.710B	$6.111B	$5.368B	$5.012B	$5.020B	$6.699B	$7.227B	$7.518B	$6.911B	$4.607B	$3.948B	$4.529B	$3.406B	$2.791B	$1.958B	$1.587B	$1.433B	$1.348B	$1.377B	$1.425B	$1.091B	$963.0M	$1.058B	$1.004B	$819.0M	$734.0M	$672.0M	$554.0M	$449.0M	$401.0M	$303.0M	$246.0M	$249.0M	$218.0M	$235.0M	$198.0M	$158.0M
Gross Profit	$18.09B	$16.33B	$11.02B	$5.959B	$16.72B	$15.85B	$15.78B	$15.28B	$14.80B	$11.91B	$10.47B	$9.570B	$8.747B	$7.497B	$6.402B	$6.494B	$6.455B	$6.295B	$5.626B	$4.943B	$4.504B	$4.173B	$4.179B	$4.224B	$3.645B	$3.201B	$2.759B	$2.402B	$2.054B	$1.858B	$1.625B	$1.249B	$930.0M	$785.0M	$712.0M	$614.0M	$530.0M	$550.0M	$444.0M	$338.0M	$290.0M
Gross Profit Margin	69.32%	68.58%	69.82%	65.86%	74.54%	72.18%	74.53%	74.8%	74.67%	63.99%	59.17%	56.0%	55.86%	61.94%	61.86%	58.91%	65.46%	69.28%	74.18%	75.7%	75.86%	75.57%	75.23%	74.76%	76.96%	76.87%	72.28%	70.52%	71.49%	71.68%	70.74%	69.27%	67.44%	66.13%	70.15%	71.4%	68.12%	71.52%	65.29%	63.06%	64.73%

Selling, General & Admin Expense

Research & Development

Depreciation, Depletion & Amortization

SGA Expense to Gross Profit Ratio

R&D To Gross Profit Ratio

DDA To Gross Profit Ratio

Operating Expenses Total

Operating Profits/Loss

Operational Expenses

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003	2002	2001	2000	1999	1998	1997	1996	1995	1994	1993	1992	1991	1990	1989	1988	1987	1986	1985	1984	1983
Selling, General & Admin	$12.79B	$10.23B	$8.986B	$7.856B	$9.914B	$8.756B	$8.306B	$7.831B	$7.388B	$6.412B	$6.115B	$5.881B	$5.326B	$4.455B	$4.187B	$4.061B	$3.829B	$3.520B	$3.228B	$3.050B	$2.654B	$2.383B	$2.254B	$2.062B	$1.823B	$1.588B	$1.393B	$1.253B	$1.085B	$946.0M	$805.0M	$636.0M	$512.0M	$440.0M	$377.0M	$309.0M	$282.0M	$256.0M	$203.0M	$148.0M	$114.0M
YoY Change	25.07%	13.82%	14.38%	-20.76%	13.23%	5.42%	6.07%	6.0%	15.22%	4.86%	3.98%	10.42%	19.55%	6.4%	3.1%	6.06%	8.78%	9.05%	5.84%	14.92%	11.37%	5.72%	9.31%	13.11%	14.8%	14.0%	11.17%	15.48%	14.69%	17.52%	26.57%	24.22%	16.36%	16.71%	22.01%	9.57%	10.16%	26.11%	37.16%	29.82%
% of Gross Profit	70.73%	62.63%	81.51%	131.83%	59.3%	55.23%	52.64%	51.26%	49.92%	53.86%	58.39%	61.45%	60.89%	59.42%	65.4%	62.53%	59.32%	55.92%	57.38%	61.7%	58.93%	57.11%	53.94%	48.82%	50.01%	49.61%	50.49%	52.16%	52.82%	50.91%	49.54%	50.92%	55.05%	56.05%	52.95%	50.33%	53.21%	46.55%	45.72%	43.79%	39.31%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$1.522B	$1.351B	$1.272B	$1.255B	$1.219B	$1.201B	$1.218B	$1.221B	$1.015B	$938.0M	$867.0M	$844.0M	$715.0M	$628.0M	$616.0M	$599.0M	$555.0M	$515.0M	$469.0M	$431.0M	$384.0M	$356.3M	$317.8M	$281.3M	$248.7M	$225.2M	$195.6M	$183.5M	$156.8M	$139.0M	$119.3M	$102.0M	$86.40M	$79.40M	$72.30M	$66.20M	$65.50M	$67.50M	$54.00M	$35.00M	$30.00M
YoY Change	12.66%	6.21%	1.35%	2.95%	1.5%	-1.4%	-0.25%	20.3%	8.21%	8.19%	2.73%	18.04%	13.85%	1.95%	2.84%	7.93%	7.77%	9.81%	8.82%	12.24%	7.77%	12.11%	12.98%	13.11%	10.44%	15.13%	6.59%	17.03%	12.81%	16.51%	16.96%	18.06%	8.82%	9.82%	9.21%	1.07%	-2.96%	25.0%	54.29%	16.67%
% of Gross Profit	8.42%	8.27%	11.54%	21.06%	7.29%	7.58%	7.72%	7.99%	6.86%	7.88%	8.28%	8.82%	8.17%	8.38%	9.62%	9.22%	8.6%	8.18%	8.34%	8.72%	8.53%	8.54%	7.6%	6.66%	6.82%	7.04%	7.09%	7.64%	7.63%	7.48%	7.34%	8.17%	9.29%	10.11%	10.15%	10.78%	12.36%	12.27%	12.16%	10.36%	10.34%
Operating Expenses	$17.75B	$15.28B	$12.25B	$10.96B	$19.47B	$18.76B	$17.74B	$16.77B	$15.70B	$16.38B	$16.42B	$16.47B	$14.97B	$11.12B	$10.09B	$6.045B	$5.664B	$5.361B	$4.901B	$4.539B	$4.021B	$3.756B	$3.547B	$3.203B	$2.863B	$2.517B	$2.235B	$2.051B	$1.740B	$1.541B	$1.333B	$1.055B	$858.0M	$704.0M	$614.0M	$528.0M	$499.0M	$462.0M	$366.0M	$269.0M	$222.0M
YoY Change	16.2%	24.72%	11.74%	-43.69%	3.8%	5.75%	5.8%	6.77%	-4.13%	-0.25%	-0.27%	10.02%	34.63%	10.19%	66.88%	6.73%	5.65%	9.39%	7.98%	12.88%	7.06%	5.89%	10.74%	11.88%	13.75%	12.62%	8.97%	17.87%	12.91%	15.6%	26.35%	22.96%	21.88%	14.66%	16.29%	5.81%	8.01%	26.23%	36.06%	21.17%
Operating Profit	$224.0M	$1.052B	$1.721B	-$3.816B	$2.957B	$3.206B	$3.407B	$3.522B	$4.116B	$2.225B	$1.278B	$623.0M	$693.0M	$988.0M	$262.0M	$449.0M	$791.0M	$934.0M	$725.0M	$404.0M	$483.0M	$417.0M	$632.0M	$1.021B	$782.0M	$684.0M	$524.0M	$351.0M	$314.0M	$317.0M	$292.0M	$194.0M	$72.00M	$81.00M	$98.00M	$86.00M	$31.00M	$88.00M	$78.00M	$69.00M	$68.00M
YoY Change	-78.71%	-38.87%	-145.1%	-229.05%	-7.77%	-5.9%	-3.27%	-14.43%	84.99%	74.1%	105.14%	-10.1%	-29.86%	277.1%	-41.65%	-43.24%	-15.31%	28.83%	79.46%	-16.36%	15.83%	-34.02%	-38.1%	30.56%	14.33%	30.53%	49.29%	11.78%	-0.95%	8.56%	50.52%	169.44%	-11.11%	-17.35%	13.95%	177.42%	-64.77%	12.82%	13.04%	1.47%

Interest Expenses

Interest Expenses To Operating Income %

Other Expense/Income

Interest & Other Expense/Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003	2002	2001	2000	1999	1998	1997	1996	1995	1994	1993	1992	1991	1990	1989	1988	1987	1986	1985	1984	1983
Interest Expense	$351.0M	-$88.00M	-$418.0M	-$282.0M	$118.0M	$131.0M	$114.0M	$122.0M	$121.0M	$130.0M	-$69.00M	$62.00M	-$370.0M	-$243.0M	-$98.00M	-$171.0M	$267.0M	-$144.0M	$54.00M	-$65.00M	$225.0M	-$25.00M	$197.0M	-$4.000M	-$8.000M	$22.00M	-$7.000M	-$9.000M	-$8.000M	-$17.00M	-$32.00M	-$36.00M	-$19.00M	-$7.000M	$13.00M	-$1.000M	-$1.000M	-$24.00M	-$18.00M	-$1.000M	-$5.000M
YoY Change	-498.86%	-78.95%	48.23%	-338.98%	-9.92%	14.91%	-6.56%	0.83%	-6.92%	-288.41%	-211.29%	-116.76%	52.26%	147.96%	-42.69%	-164.04%	-285.42%	-366.67%	-183.08%	-128.89%	-1000.0%	-112.69%	-5025.0%	-50.0%	-136.36%	-414.29%	-22.22%	12.5%	-52.94%	-46.88%	-11.11%	89.47%	171.43%	-153.85%	-1400.0%	0.0%	-95.83%	33.33%	1700.0%	-80.0%
% of Operating Profit	156.7%	-8.37%	-24.29%		3.99%	4.09%	3.35%	3.46%	2.94%	5.84%	-5.4%	9.95%	-53.39%	-24.6%	-37.4%	-38.08%	33.75%	-15.42%	7.45%	-16.09%	46.58%	-6.0%	31.17%	-0.39%	-1.02%	3.22%	-1.34%	-2.56%	-2.55%	-5.36%	-10.96%	-18.56%	-26.39%	-8.64%	13.27%	-1.16%	-3.23%	-27.27%	-23.08%	-1.45%	-7.35%
Other Income/Expense, Net	$409.0M	-$8.000M	-$396.0M	-$440.0M	$0.00	-$42.00M	-$142.0M	-$72.00M	-$637.0M	-$409.0M	-$69.00M	$62.00M	-$370.0M	-$243.0M	-$98.00M
YoY Change	-5212.5%	-97.98%	-10.0%		-100.0%	-70.42%	97.22%	-88.7%	55.75%	492.75%	-211.29%	-116.76%	52.26%	147.96%

Income/Loss

Pretax Income

Income Tax

Net Profits/Loss

Pretax Income YoY Change

Income Tax Rate

Net Profits/Loss YoY Change

Basic EPS

Net Income To Revenue Ratio

Pretax & Net Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003	2002	2001	2000	1999	1998	1997	1996	1995	1994	1993	1992	1991	1990	1989	1988	1987	1986	1985	1984	1983
Pretax Income	$633.0M	$728.0M	$1.325B	-$4.256B	$2.957B	$3.164B	$3.265B	$3.450B	$3.479B	$1.816B	$1.209B	$685.0M	$323.0M	$745.0M	$164.0M	$278.0M	$1.058B	$790.0M	$779.0M	$339.0M	$708.0M	$393.0M	$828.0M	$1.017B	$774.0M	$705.0M	$517.0M	$341.0M	$305.0M	$300.0M	$260.0M	$157.0M	$54.00M	$75.00M	$111.0M	$85.00M	$29.00M	$65.00M	$61.00M	$68.00M	$64.00M
YoY Change	-13.05%	-45.06%	-131.13%	-243.93%	-6.54%	-3.09%	-5.36%	-0.83%	91.57%	50.21%	76.5%	112.07%	-56.64%	354.27%	-41.01%	-73.72%	33.92%	1.41%	129.79%	-52.12%	80.15%	-52.54%	-18.58%	31.4%	9.79%	36.36%	51.61%	11.8%	1.67%	15.38%	65.61%	190.74%	-28.0%	-32.43%	30.59%	193.1%	-55.38%	6.56%	-10.29%	6.25%
Income Tax	$168.0M	$189.0M	$348.0M	-$1.182B	$657.0M	$699.0M	-$92.00M	$1.267B	$1.298B	$680.0M	$455.0M	$264.0M	$145.0M	$286.0M	$65.00M	$100.0M	$413.0M	$291.0M	$295.0M	$124.0M	$266.0M	$152.0M	$317.0M	$392.0M	$299.0M	$272.0M	$199.0M	$134.0M	$123.0M	$120.0M	$105.0M	$56.00M	$17.00M	$28.00M	$39.00M	$27.00M	$9.000M	$15.00M	$14.00M	$18.00M	$23.00M
% Of Pretax Income	26.54%	25.96%	26.26%		22.22%	22.09%	-2.82%	36.72%	37.31%	37.44%	37.63%	38.54%	44.89%	38.39%	39.63%	35.97%	39.04%	36.84%	37.87%	36.58%	37.57%	38.68%	38.29%	38.54%	38.63%	38.58%	38.49%	39.3%	40.33%	40.0%	40.38%	35.67%	31.48%	37.33%	35.14%	31.76%	31.03%	23.08%	22.95%	26.47%	35.94%
Net Earnings	$465.0M	$539.0M	$977.0M	-$3.074B	$2.300B	$2.465B	$3.357B	$2.183B	$2.181B	$1.136B	$754.0M	$421.0M	$178.0M	$459.0M	$99.00M	$178.0M	$645.0M	$499.0M	$484.0M	$215.0M	$442.0M	$241.0M	$511.0M	$603.0M	$474.0M	$433.0M	$318.0M	$207.0M	$183.0M	$179.0M	$170.0M	$114.0M	$37.00M	$47.00M	$72.00M	$58.00M	$20.00M	$50.00M	$47.00M	$50.00M	$41.00M
YoY Change	-13.73%	-44.83%	-131.78%	-233.65%	-6.69%	-26.57%	53.78%	0.09%	91.99%	50.66%	79.1%	136.52%	-61.22%	363.64%	-44.38%	-72.4%	29.26%	3.1%	125.12%	-51.36%	83.4%	-52.84%	-15.26%	27.22%	9.47%	36.16%	53.62%	13.11%	2.23%	5.29%	49.12%	208.11%	-21.28%	-34.72%	24.14%	190.0%	-60.0%	6.38%	-6.0%	21.95%
Net Earnings / Revenue	1.78%	2.26%	6.19%	-33.97%	10.26%	11.22%	15.86%	10.69%	11.0%	6.11%	4.26%	2.46%	1.14%	3.79%	0.96%	1.61%	6.54%	5.49%	6.38%	3.29%	7.44%	4.36%	9.2%	10.67%	10.01%	10.4%	8.33%	6.08%	6.37%	6.91%	7.4%	6.32%	2.68%	3.96%	7.09%	6.74%	2.57%	6.5%	6.91%	9.33%	9.15%
Basic Earnings Per Share	$0.78	$0.91	$1.65	-$5.44	$4.28	$4.30	$5.58	$3.48	$3.30	$1.65	$1.06	$0.56	$0.23	$0.62	$0.13
Diluted Earnings Per Share	$0.76	$839.6K	$1.61	-$5.44	$4.27	$4.29	$5.57	$3.45	$3.27	$1.64	$1.05	$0.56	$0.23	$0.61	$0.13	$240.9K	$839.8K	$605.6K	$600.5K	$267.4K	$537.7K	$297.9K	$633.2K	$757.5K	$589.6K	$544.7K	$414.1K	$272.7K	$244.7K	$239.9K	$228.2K	$157.5K	$55.89K	$71.98K	$104.8K	$80.89K	$27.36K	$68.03K	$67.24K	$74.52K	$61.65K

Assets & Liabilities

Cash & Short-Term Investments

Cash & Equivalents

Cash To Operating Expenses Ratio

Inventory

Receivables

Total Short-Term Assets

Property, Plant And Equipment

Long-Term Investments

Total Long-Term Assets

Total Assets

Net Income To Total Assets Percentage

Accounts Payable

Short-Term Debt

Long Term Debt Due

Total Short-Term Liabilities

Long-Term Debt

Other Long-Term Liabilities

Total Long-Term Liabilities

Total Liabilities

Short-Term To Long-Term Debt Ratio

Short-Term Assets To Debt Ratio

Long-Term Debt To Net Income Ratio

Assets & Liabilities

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003	2002	2001	2000	1999	1998	1997	1996	1995	1994	1993	1992	1991	1990	1989	1988	1987	1986	1985	1984	1983
Cash & Short-Term Investments	$11.47B	$12.29B	$15.50B	$13.33B	$4.072B	$3.689B	$3.273B	$3.305B	$3.051B	$2.988B	$3.152B	$2.970B	$3.144B	$3.538B	$2.593B	$1.803B	$2.779B	$1.759B	$2.531B	$1.305B	$1.865B	$1.815B	$2.280B	$523.0M	$419.0M	$379.0M	$623.0M	$582.0M	$317.0M	$175.0M	$296.0M	$438.0M	$261.0M	$88.00M	$146.0M	$210.0M	$143.0M	$75.00M	$69.00M	$26.00M	$131.0M
YoY Change	-6.65%	-20.72%	16.27%	227.46%	10.38%	12.71%	-0.97%	8.33%	2.11%	-5.2%	6.13%	-5.53%	-11.14%	36.44%	43.82%	-35.12%	57.99%	-30.5%	93.95%	-30.03%	2.75%	-20.39%	335.95%	24.82%	10.55%	-39.17%	7.04%	83.6%	81.14%	-40.88%	-32.42%	67.82%	196.59%	-39.73%	-30.48%	46.85%	90.67%	8.7%	165.38%	-80.15%
Cash & Equivalents	$9.288B	$9.492B	$12.48B	$11.06B	$2.548B	$1.854B	$1.495B	$1.680B	$1.583B	$1.282B	$1.355B	$1.113B	$829.0M	$1.261B	$1.114B	$1.368B	$2.213B	$1.390B	$2.280B	$1.048B	$1.865B	$1.815B	$2.280B	$523.0M	$419.0M	$379.0M	$623.0M	$582.0M	$317.0M	$175.0M	$296.0M	$438.0M	$261.0M	$88.00M	$146.0M	$210.0M	$143.0M	$75.00M	$69.00M	$26.00M	$131.0M
Short-Term Investments	$2.186B	$2.800B	$3.024B	$2.271B	$1.524B	$1.835B	$1.778B	$1.625B	$1.468B	$1.706B	$1.797B	$1.857B	$2.315B	$2.277B	$1.479B	$435.0M	$566.0M	$369.0M	$251.0M	$257.0M
Other Short-Term Assets	$520.0M	$686.0M	$638.0M	$295.0M	$287.0M	$310.0M	$460.0M	$310.0M	$188.0M	$232.0M	$418.0M	$456.0M	$501.0M	$303.0M	$375.0M	$438.0M	$1.126B	$420.0M	$681.0M	$482.0M	$223.0M	$156.0M	$98.00M	$90.00M	$74.00M	$57.00M	$54.00M	$45.00M	$34.00M	$27.00M	$34.00M	$16.00M	$9.000M	$11.00M	$7.000M	$9.000M	$7.000M	$8.000M	$8.000M	$12.00M	$2.000M
YoY Change	-24.2%	7.52%	116.27%	2.79%	-7.42%	-32.61%	48.39%	64.89%	-18.97%	-44.5%	-8.33%	-8.98%	65.35%	-19.2%	-14.38%	-61.1%	168.1%	-38.33%	41.29%	116.14%	42.95%	59.18%	8.89%	21.62%	29.82%	5.56%	20.0%	32.35%	25.93%	-20.59%	112.5%	77.78%	-18.18%	57.14%	-22.22%	28.57%	-12.5%	0.0%	-33.33%	500.0%
Inventory	$807.0M	$790.0M	$537.0M	$414.0M	$529.0M	$461.0M	$420.0M	$337.0M	$311.0M	$342.0M	$467.0M	$469.0M	$401.0M	$243.0M	$221.0M	$203.0M	$259.0M	$181.0M	$150.0M	$137.0M	$93.00M	$86.00M	$71.00M	$81.00M	$65.00M	$50.00M	$52.00M	$51.00M	$41.00M	$38.00M	$32.00M	$31.00M	$23.00M	$15.00M	$12.00M	$9.000M	$8.000M	$11.00M	$9.000M	$5.000M	$3.000M
Prepaid Expenses
Receivables	$605.0M	$1.040B	$490.0M	$320.0M	$1.086B	$568.0M	$662.0M	$546.0M	$474.0M	$365.0M	$419.0M	$332.0M	$299.0M	$195.0M	$169.0M	$209.0M	$279.0M	$241.0M	$258.0M	$248.0M	$132.0M	$174.0M	$71.00M	$138.0M	$75.00M	$89.00M	$77.00M	$73.00M	$80.00M	$76.00M	$70.00M	$57.00M	$48.00M	$44.00M	$38.00M	$37.00M	$44.00M	$34.00M	$32.00M	$20.00M	$18.00M
Other Receivables	$549.0M	$0.00	$867.0M	$810.0M	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Total Short-Term Assets	$13.96B	$14.81B	$18.04B	$15.17B	$5.974B	$5.028B	$4.815B	$4.498B	$4.024B	$3.927B	$4.456B	$4.227B	$4.345B	$4.279B	$3.358B	$2.653B	$4.443B	$2.601B	$3.620B	$2.172B	$2.313B	$2.232B	$2.520B	$832.0M	$633.0M	$574.0M	$806.0M	$751.0M	$473.0M	$315.0M	$432.0M	$542.0M	$340.0M	$158.0M	$204.0M	$265.0M	$201.0M	$128.0M	$118.0M	$63.00M	$153.0M
YoY Change	-5.76%	-17.9%	18.87%	153.98%	18.81%	4.42%	7.05%	11.78%	2.47%	-11.87%	5.42%	-2.72%	1.54%	27.43%	26.57%	-40.29%	70.82%	-28.15%	66.67%	-6.1%	3.63%	-11.43%	202.88%	31.44%	10.28%	-28.78%	7.32%	58.77%	50.16%	-27.08%	-20.3%	59.41%	115.19%	-22.55%	-23.02%	31.84%	57.03%	8.47%	87.3%	-58.82%
Property, Plant & Equipment	$20.60B	$18.74B	$16.43B	$17.72B	$18.37B	$19.53B	$18.54B	$17.04B	$15.60B	$14.29B	$13.39B	$12.77B	$12.22B	$10.68B	$10.63B	$11.04B	$10.87B	$10.09B	$9.212B	$8.723B	$7.443B	$6.645B	$6.445B	$5.820B	$5.008B	$4.138B	$3.436B	$2.969B	$2.779B	$2.505B	$2.141B	$1.824B	$1.494B	$1.311B	$1.204B	$1.036B	$824.0M	$925.0M	$882.0M	$580.0M	$431.0M
YoY Change	9.94%	14.02%	-7.28%	-3.54%	-5.9%	5.32%	8.77%	9.25%	9.16%	6.74%	4.88%	4.43%	14.51%	0.39%	-3.68%	1.53%	7.73%	9.57%	5.61%	17.2%	12.01%	3.1%	10.74%	16.21%	21.02%	20.43%	15.73%	6.84%	10.94%	17.0%	17.38%	22.09%	13.96%	8.89%	16.22%	25.73%	-10.92%	4.88%	52.07%	34.57%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets	$668.0M	$855.0M	$587.0M	$427.0M	$281.0M	$259.0M	$297.0M	$258.0M	$213.0M	$136.0M	$320.0M	$454.0M	$374.0M	$449.0M	$277.0M	$375.0M	$1.455B	$765.0M	$1.171B	$442.0M	$122.0M	$76.00M	$31.00M	$18.00M	$13.00M	$4.000M	$4.000M	$3.000M	$4.000M	$3.000M	$3.000M	$3.000M	$3.000M	$3.000M	$7.000M	$7.000M	$17.00M	$8.000M	$23.00M	$3.000M	$3.000M
YoY Change	-21.87%	45.66%	37.47%	51.96%	8.49%	-12.79%	15.12%	21.13%	56.62%	-57.5%	-29.52%	21.39%	-16.7%	62.09%	-26.13%	-74.23%	90.2%	-34.67%	164.93%	262.3%	60.53%	145.16%	72.22%	38.46%	225.0%	0.0%	33.33%	-25.0%	33.33%	0.0%	0.0%	0.0%	0.0%	-57.14%	0.0%	-58.82%	112.5%	-65.22%	666.67%	0.0%
Total Long-Term Assets	$22.53B	$20.56B	$18.28B	$19.42B	$19.92B	$21.22B	$20.30B	$18.79B	$17.29B	$15.80B	$14.89B	$14.37B	$13.72B	$11.18B	$10.91B	$11.42B	$12.33B	$10.86B	$10.38B	$9.165B	$7.565B	$6.722B	$6.477B	$5.838B	$5.021B	$4.142B	$3.440B	$2.972B	$2.783B	$2.508B	$2.144B	$1.827B	$1.497B	$1.313B	$1.211B	$1.043B	$842.0M	$933.0M	$904.0M	$583.0M	$434.0M
YoY Change	9.59%	12.45%	-5.83%	-2.54%	-6.1%	4.53%	8.02%	8.68%	9.45%	6.09%	3.62%	4.71%	22.7%	2.5%	-4.42%	-7.41%	13.54%	4.58%	13.29%	21.15%	12.54%	3.78%	10.95%	16.27%	21.22%	20.41%	15.75%	6.79%	10.96%	16.98%	17.35%	22.04%	14.01%	8.42%	16.11%	23.87%	-9.75%	3.21%	55.06%	34.33%
Total Assets	$36.49B	$35.37B	$36.32B	$34.59B	$25.90B	$26.24B	$25.11B	$23.29B	$21.31B	$19.72B	$19.35B	$18.60B	$18.07B	$15.46B	$14.27B	$14.07B	$16.77B	$13.46B	$14.00B	$11.34B	$9.878B	$8.954B	$8.997B	$6.670B	$5.654B	$4.716B	$4.246B	$3.723B	$3.256B	$2.823B	$2.576B	$2.369B	$1.837B	$1.471B	$1.415B	$1.308B	$1.043B	$1.061B	$1.022B	$646.0M	$587.0M
YoY Change
Accounts Payable	$843.0M	$2.004B	$368.0M	$272.0M	$595.0M	$454.0M	$347.0M	$259.0M	$394.0M	$522.0M	$1.247B	$1.107B	$1.057B	$739.0M	$732.0M	$668.0M	$759.0M	$643.0M	$524.0M	$420.0M	$405.0M	$362.0M	$505.0M	$313.0M	$267.0M	$157.0M	$161.0M	$214.0M	$117.0M	$118.0M	$94.00M	$82.00M	$55.00M	$51.00M	$48.00M	$35.00M	$27.00M	$18.00M	$26.00M
YoY Change	-57.93%	444.57%	35.29%	-54.29%	31.06%	30.84%	33.98%	-34.26%	-24.52%	-58.14%	12.65%	4.73%	43.03%	0.96%	9.58%	-11.99%	18.04%	22.71%	24.76%	3.7%	11.88%	-28.32%	61.34%	17.23%	70.06%	-2.48%	-24.77%	82.91%	-0.85%	25.53%	14.63%	49.09%	7.84%	6.25%	37.14%	29.63%	50.0%	-30.77%
Accrued Expenses	$4.180B	$2.268B	$2.104B	$2.717B	$2.333B	$1.965B	$1.901B	$2.027B	$2.121B	$1.551B	$1.217B	$1.052B	$911.0M	$784.0M	$665.0M	$743.0M	$585.0M	$1.245B	$1.585B	$829.0M	$612.0M	$529.0M	$548.0M	$500.0M	$431.0M	$477.0M	$427.0M	$343.0M	$327.0M	$289.0M	$265.0M	$208.0M	$151.0M	$112.0M	$95.00M	$76.00M	$57.00M	$44.00M	$4.000M	$20.00M	$20.00M
YoY Change	84.3%	7.79%	-22.56%	16.46%	18.73%	3.37%	-6.22%	-4.43%	36.75%	27.44%	15.68%	15.48%	16.2%	17.89%	-10.5%	27.01%	-53.01%	-21.45%	91.19%	35.46%	15.69%	-3.47%	9.6%	16.01%	-9.64%	11.71%	24.49%	4.89%	13.15%	9.06%	27.4%	37.75%	34.82%	17.89%	25.0%	33.33%	29.55%	1000.0%	-80.0%	0.0%
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$475.0M	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
YoY Change																						-100.0%
Long-Term Debt Due	$29.00M	$42.00M	$453.0M	$220.0M	$819.0M	$606.0M	$348.0M	$566.0M	$637.0M	$258.0M	$629.0M	$271.0M	$644.0M	$505.0M	$190.0M	$163.0M	$41.00M	$122.0M	$601.0M	$146.0M	$206.0M	$130.0M	$40.00M	$109.0M	$8.000M	$12.00M	$121.0M	$12.00M	$14.00M	$10.00M	$16.00M	$16.00M	$7.000M	$14.00M	$16.00M	$10.00M	$10.00M	$12.00M	$12.00M	$7.000M	$6.000M
YoY Change	-30.95%	-90.73%	105.91%	-73.14%	35.15%	74.14%	-38.52%	-11.15%	146.9%	-58.98%	132.1%	-57.92%	27.52%	165.79%	16.56%	297.56%	-66.39%	-79.7%	311.64%	-29.13%	58.46%	225.0%	-63.3%	1262.5%	-33.33%	-90.08%	908.33%	-14.29%	40.0%	-37.5%	0.0%	128.57%	-50.0%	-12.5%	60.0%	0.0%	-16.67%	0.0%	71.43%	16.67%
Total Short-Term Liabilities	$12.26B	$10.38B	$9.164B	$7.506B	$8.952B	$7.905B	$6.863B	$6.844B	$7.406B	$5.923B	$5.676B	$4.650B	$4.533B	$3.305B	$2.695B	$2.806B	$4.838B	$2.887B	$3.848B	$2.142B	$1.723B	$1.434B	$2.239B	$1.298B	$962.0M	$851.0M	$869.0M	$765.0M	$611.0M	$522.0M	$479.0M	$379.0M	$255.0M	$225.0M	$196.0M	$153.0M	$112.0M	$83.00M	$72.00M	$47.00M	$48.00M
YoY Change	18.1%	13.25%	22.09%	-16.15%	13.24%	15.18%	0.28%	-7.59%	25.04%	4.35%	22.06%	2.58%	37.16%	22.63%	-3.96%	-42.0%	67.58%	-24.97%	79.65%	24.32%	20.15%	-35.95%	72.5%	34.93%	13.04%	-2.07%	13.59%	25.2%	17.05%	8.98%	26.39%	48.63%	13.33%	14.8%	28.1%	36.61%	34.94%	15.28%	53.19%	-2.08%
Long-Term Debt	$7.978B	$8.046B	$10.27B	$10.11B	$1.846B	$2.819B	$3.405B	$2.946B	$2.706B	$2.627B	$2.481B	$3.259B	$3.107B	$2.875B	$3.325B	$3.498B	$2.050B	$1.567B	$1.394B	$1.700B	$1.332B	$1.553B	$1.327B	$761.0M	$872.0M	$623.0M	$628.0M	$650.0M	$661.0M	$583.0M	$639.0M	$736.0M	$617.0M	$327.0M	$354.0M	$370.0M	$251.0M	$339.0M	$381.0M	$153.0M	$159.0M
YoY Change	-0.85%	-21.69%	1.61%	447.72%	-34.52%	-17.21%	15.58%	8.87%	3.01%	5.88%	-23.87%	4.89%	8.07%	-13.53%	-4.95%	70.63%	30.82%	12.41%	-18.0%	27.63%	-14.23%	17.03%	74.38%	-12.73%	39.97%	-0.8%	-3.38%	-1.66%	13.38%	-8.76%	-13.18%	19.29%	88.69%	-7.63%	-4.32%	47.41%	-25.96%	-11.02%	149.02%	-3.77%
Other Long-Term Liabilities	$3.694B	$4.273B	$4.698B	$6.461B	$2.901B	$3.239B	$3.082B	$1.681B	$1.352B	$1.616B	$918.0M	$811.0M	$985.0M	$553.0M	$595.0M	$907.0M	$408.0M	$453.0M	$405.0M	$361.0M	$351.0M	$318.0M	$359.0M	$306.0M	$292.0M	$295.0M	$302.0M	$310.0M	$276.0M	$246.0M	$221.0M	$238.0M	$231.0M	$205.0M	$159.0M	$117.0M	$79.00M	$36.00M	$5.000M	$1.000M	$2.000M
YoY Change	-13.55%	-9.05%	-27.29%	122.72%	-10.44%	5.09%	83.34%	24.33%	-16.34%	76.03%	13.19%	-17.66%	78.12%	-7.06%	-34.4%	122.3%	-9.93%	11.85%	12.19%	2.85%	10.38%	-11.42%	17.32%	4.79%	-1.02%	-2.32%	-2.58%	12.32%	12.2%	11.31%	-7.14%	3.03%	12.68%	28.93%	35.9%	48.1%	119.44%	620.0%	400.0%	-50.0%
Total Long-Term Liabilities	$11.67B	$12.32B	$14.97B	$16.57B	$4.747B	$6.058B	$6.487B	$4.627B	$4.058B	$4.243B	$3.399B	$4.070B	$4.092B	$3.428B	$3.920B	$4.405B	$2.458B	$2.020B	$1.799B	$2.061B	$1.683B	$1.871B	$1.686B	$1.067B	$1.164B	$918.0M	$930.0M	$960.0M	$937.0M	$829.0M	$860.0M	$974.0M	$848.0M	$532.0M	$513.0M	$487.0M	$330.0M	$375.0M	$386.0M	$154.0M	$161.0M
YoY Change	-5.25%	-17.72%	-9.65%	249.1%	-21.64%	-6.61%	40.2%	14.02%	-4.36%	24.83%	-16.49%	-0.54%	19.37%	-12.55%	-11.01%	79.21%	21.68%	12.28%	-12.71%	22.46%	-10.05%	10.97%	58.01%	-8.33%	26.8%	-1.29%	-3.13%	2.45%	13.03%	-3.6%	-11.7%	14.86%	59.4%	3.7%	5.34%	47.58%	-12.0%	-2.85%	150.65%	-4.35%
Total Liabilities	$25.97B	$24.68B	$25.91B	$25.71B	$16.06B	$16.39B	$15.47B	$14.85B	$13.95B	$12.95B	$12.01B	$11.60B	$11.19B	$9.226B	$8.815B	$9.115B	$9.831B	$7.011B	$7.328B	$5.813B	$4.826B	$4.532B	$4.983B	$3.218B	$2.818B	$2.318B	$2.237B	$2.075B	$1.829B	$1.584B	$1.522B	$1.489B	$1.209B	$866.0M	$828.0M	$741.0M	$528.0M	$550.0M	$556.0M	$284.0M	$273.0M
YoY Change	5.23%	-4.72%	0.75%	60.07%	-2.0%	5.95%	4.2%	6.39%	7.77%	7.82%	3.49%	3.69%	21.3%	4.66%	-3.29%	-7.28%	40.22%	-4.33%	26.06%	20.45%	6.49%	-9.05%	54.85%	14.19%	21.57%	3.62%	7.81%	13.45%	15.47%	4.07%	2.22%	23.16%	39.61%	4.59%	11.74%	40.34%	-4.0%	-1.08%	95.77%	4.03%

Ownership

Basic Shares Outstanding

Diluted Shares Outstanding

Preferred Stock

Treasury Stock Shares

Stock Issuance & Repurchase

Ownership Data

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009
Basic Shares Outstanding	595.0M shares	593.0M shares	592.0M shares	565.0M shares	538.0M shares	573.0M shares	601.0M shares	627.0M shares	661.0M shares	687.0M shares	710.0M shares	750.0M shares	774.0M shares	746.0M shares	741.0M shares
Diluted Shares Outstanding	640.0M shares	642.0M shares	609.0M shares	565.0M shares	539.0M shares	574.0M shares	603.0M shares	633.0M shares	669.0M shares	696.0M shares	718.0M shares	757.0M shares	775.0M shares	747.0M shares	741.0M shares
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

Book Value

Free Cash Flow

Free Cash Flow YoY

Free Cash Flow Margin

Dividends

Stock Price

Market Cap: $20.481 Billion

About SOUTHWEST AIRLINES CO

Southwest Airlines Co. engages in the operation and management of a passenger airline. The company is headquartered in Dallas, Texas and currently employs 73,463 full-time employees. The firm's fare products include four categories: Wanna Get Away, Wanna Get Away Plus, Anytime, and Business Select to provide customers options when choosing a fare. The company offers ancillary services, such as EarlyBird Check-In, Upgraded Boarding, and transportation of pets and unaccompanied minors, in accordance with Southwest’s respective policies. EarlyBird Check-In provides customers with automatic check-in and an assigned boarding position before general boarding positions become available. The company has over 817 Boeing 737 aircraft in its fleet and serves 121 destinations in 42 states, the District of Columbia, the Commonwealth of Puerto Rico, and ten near-international countries: Mexico, Jamaica, The Bahamas, Aruba, Dominican Republic, Costa Rica, Belize, Cuba, the Cayman Islands, and Turks and Caicos.

Industry: Air Transportation, Scheduled Peers: ALASKA AIR GROUP, INC. Allegiant Travel CO American Airlines Group Inc. DELTA AIR LINES, INC. Frontier Group Holdings, Inc. JETBLUE AIRWAYS CORP Joby Aviation, Inc. Spirit Airlines, Inc. United Airlines Holdings, Inc.