Southwest Airlines Co. (BMV:LUV)

Southwest Airlines Co. Balance Sheet

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Cash & Equivalents	3,475	7,509	9,288	9,492	12,480	11,063
Short-Term Investments	364	1,216	2,186	2,800	3,024	2,271
Cash & Short-Term Investments	3,839	8,725	11,474	12,292	15,504	13,334
Cash Growth	-61.62%	-23.96%	-6.65%	-20.72%	16.27%	227.46%
Accounts Receivable	1,013	1,110	1,154	1,040	1,357	1,130
Inventory	773	800	807	790	537	414
Other Current Assets	467	639	520	686	638	295
Total Current Assets	6,092	11,274	13,955	14,808	18,036	15,173
Net Property, Plant & Equipment	1,243	1,369	1,223	1,394	1,590	1,892
Goodwill	970	970	970	970	970	970
Other Long-Term Assets	1,006	1,081	964	855	882	722
Total Assets	28,712	33,750	36,487	35,369	36,320	34,588
Accounts Payable	1,811	1,818	1,862	2,004	1,282	931
Accrued Expenses	2,040	2,206	3,606	2,043	1,624	2,259
Current Portion of Long-Term Debt	22	1,630	29	42	453	220
Current Portion of Leases	323	328	208	225	239	306
Unearned Revenue	6,696	6,294	6,551	6,064	5,566	3,790
Total Current Liabilities	10,892	12,276	12,256	10,378	9,164	7,506
Long-Term Debt	4,081	5,069	7,978	8,046	10,274	10,111
Long-Term Leases	915	1,031	985	1,118	1,315	1,562
Other Long-Term Liabilities	4,824	5,024	4,753	5,140	5,153	6,533
Total Long-Term Liabilities	9,820	11,124	13,716	14,304	16,742	18,206
Total Liabilities	20,712	23,400	25,972	24,682	25,906	25,712
Common Stock	888	888	888	888	888	888
Treasury Stock	-13,299	-11,044	-10,823	-10,843	-10,860	-10,875
Additional Paid-in Capital	4,247	4,199	4,153	4,037	4,224	4,191
Accumulated Other Comprehensive Income	-35	-25	-	344	388	-105
Retained Earnings	16,199	16,332	16,297	16,261	15,774	14,777
Shareholders' Equity	8,000	10,350	10,515	10,687	10,414	8,876
Total Liabilities & Equity	28,712	33,750	36,487	35,369	36,320	34,588
Total Debt	5,341	8,058	9,200	9,431	12,281	12,199
Net Cash (Debt)	-1,502	667	2,274	2,861	3,223	1,135
Net Cash Growth	-	-70.67%	-20.52%	-11.23%	183.97%	1393.42%
Net Cash Per Share	-2.54	1.04	3.55	4.46	5.29	2.01
Book Value	8,000	10,350	10,515	10,687	10,414	8,876
Book Value Per Share	13.51	16.10	16.43	16.65	17.10	15.71
Tangible Book Value	7,030	9,380	9,545	9,717	9,444	7,906
Tangible Book Value Per Share	11.87	14.59	14.91	15.14	15.51	13.99

Updated Jun 30, 2025. Data Source: Fiscal.ai. Standard template. Financial Sources.