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Income Statement
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Balance Sheet
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Cashflow Statement
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Profitability
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Ratios
Southwest Airlines Co. Income Statement
| Chart | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|
| Revenue |
|
$22.43B | $9.05B | $15.79B | $23.81B | $26.09B |
| Cost of Revenue |
|
$16.45B | $10.94B | $11.68B | $19.06B | $21.87B |
| Gross Profit |
|
$5.98B | -$1.89B | $4.12B | $4.75B | $4.22B |
| Research & Development |
|
- | - | - | - | - |
| Selling,General & Administrative |
|
$3.03B | $1.93B | $2.39B | $3.74B | $3.99B |
| Operating Expense |
|
$3.03B | $1.93B | $2.39B | $3.74B | $3.99B |
| Operating Income |
|
$2.96B | -$3.82B | $1.72B | $1.02B | $224.00M |
| Net Income |
|
$2.30B | -$3.07B | $977.00M | $539.00M | $465.00M |
Southwest Airlines Co. Balance Sheet
| Chart | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|
| Cash and Cash Equivalents |
|
$4.07B | $13.33B | $15.50B | $12.29B | $11.47B |
| Inventories |
|
$529.00M | $414.00M | $537.00M | $790.00M | $807.00M |
| Total Current Assets |
|
$5.97B | $15.17B | $18.04B | $14.81B | $13.96B |
| Property,Plant and Equipment |
|
$18.37B | $17.72B | $16.43B | $18.74B | $20.60B |
| Goodwill |
|
$970.00M | $970.00M | $970.00M | $970.00M | $970.00M |
| Total Assets |
|
$25.90B | $34.59B | $36.32B | $35.37B | $36.49B |
| Total Liabilities |
|
$16.06B | $25.71B | $25.91B | $24.68B | $25.97B |
| Retained Earnings |
|
$17.95B | $14.78B | $15.77B | $16.26B | $16.30B |
| Total Shareholder Equity |
|
$9.83B | $8.88B | $10.41B | $10.69B | $10.52B |
| Common Stock |
|
$808.00M | $888.00M | $888.00M | $888.00M | $888.00M |
Southwest Airlines Co. Cash flow
| Chart | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|
| Depreciation & Amortization |
|
$1.22B | $1.26B | $1.27B | $1.35B | $1.52B |
| Dividends Payout |
|
-$372.00M | -$188.00M | - | - | -$428.00M |
| Capital Expenditures (Capex) |
|
-$1.03B | -$515.00M | -$511.00M | -$3.95B | -$3.55B |
| Free Cash Flow (FCF) |
|
$2.96B | -$1.64B | $1.81B | -$156.00M | -$389.00M |
Southwest Airlines Co. Profitability
| Chart | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|
| Gross Profit |
|
$5.98B | -$1.89B | $4.12B | $4.75B | $4.22B |
| Gross Profit Margin (%) |
|
26.68% | -20.89% | 26.06% | 19.95% | 16.19% |
| Operating Income |
|
$2.96B | -$3.82B | $1.72B | $1.02B | $224.00M |
| Operating Income Margin (%) |
|
13.18% | -42.18% | 10.90% | 4.27% | 0.86% |
| Net Income |
|
$2.30B | -$3.07B | $977.00M | $539.00M | $465.00M |
| Net Income Margin (%) |
|
10.26% | -33.97% | 6.19% | 2.26% | 1.78% |
| EBITDA |
|
$4.23B | -$2.70B | $3.03B | $2.38B | $2.39B |
| EBITDA Margin (%) |
|
18.99% | -29.70% | 19.18% | 10.80% | 9.16% |
Southwest Airlines Co. Ratios
| Chart | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|
| Return on Equity (ROE) |
|
23.39% | -34.63% | 9.38% | 5.04% | 4.42% |
| Return on Assets (ROA) |
|
8.88% | -8.89% | 2.69% | 1.52% | 1.27% |
| Debt to Equity |
|
40.64% | 137.44% | 117.93% | 88.25% | 87.77% |
| Debt to total asset |
|
15.43% | 35.27% | 33.81% | 26.66% | 25.29% |
| Enterprise value to revenue |
|
1.36 | 3.04 | 1.59 | 0.84 | 0.66 |
| Enterprise value to EBITDA |
|
7.21 | -10.18 | 8.31 | 8.36 | 7.16 |
| Enterprise value |
|
$30.49B | $27.47B | $25.16B | $19.91B | $17.12B |
| Cash to Debt |
|
99.77% | -9.24% | 18.91% | 40.19% | 34.28% |
| Tax Rate (%) |
|
22.22% | 27.77% | 26.26% | 25.96% | 26.54% |
| Payout Ratio |
|
16.17% | -6.12% | - | - | 92.04% |
