Southwest Airlines Co. (FRA:SWN)

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	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Cash & Equivalents	2,902	7,509	9,288	9,492	12,480	11,063
Short-Term Investments	116	1,216	2,186	2,800	3,024	2,271
Cash & Short-Term Investments	3,018	8,725	11,474	12,292	15,504	13,334
Cash Growth	-67.83%	-23.96%	-6.65%	-20.72%	16.27%	227.46%
Accounts Receivable	251	190	304	202	141	81
Other Receivables	867	919	838	804	1,208	1,049
Receivables	1,118	1,109	1,142	1,006	1,349	1,130
Inventory	792	800	807	790	537	414
Prepaid Expenses	467	621	449	440	309	285
Other Current Assets	-	19	83	280	337	10
Total Current Assets	5,395	11,274	13,955	14,808	18,036	15,173
Property, Plant & Equipment	20,472	20,012	20,362	18,360	16,432	17,418
Long-Term Investments	433	367	280	249	-	-
Goodwill	970	970	970	970	970	970
Other Intangible Assets	295	300	296	296	296	295
Other Long-Term Assets	747	827	624	686	586	732
Total Assets	28,312	33,750	36,487	35,369	36,320	34,588
Accounts Payable	1,708	1,818	1,862	2,004	1,282	931
Accrued Expenses	2,079	2,206	3,606	2,043	1,544	1,659
Current Portion of Long-Term Debt	23	1,608	-	-	371	137
Current Portion of Leases	310	350	237	267	321	389
Current Unearned Revenue	6,862	6,294	6,551	6,064	5,566	4,390
Other Current Liabilities	12	-	-	-	80	-
Total Current Liabilities	10,994	12,276	12,256	10,378	9,164	7,506
Long-Term Debt	4,079	5,000	7,903	7,899	9,901	9,658
Long-Term Leases	846	1,100	1,060	1,265	1,692	2,021
Long-Term Unearned Revenue	1,263	1,948	1,728	2,186	2,159	3,343
Pension & Post-Retirement Benefits	261	256	269	241	330	428
Long-Term Deferred Tax Liabilities	2,210	2,167	2,044	1,985	1,770	1,634
Other Long-Term Liabilities	883	653	712	728	890	1,122
Total Liabilities	20,536	23,400	25,972	24,682	25,906	25,712
Common Stock	888	888	888	888	888	888
Additional Paid-In Capital	4,283	4,199	4,153	4,037	4,224	4,191
Retained Earnings	16,158	16,332	16,297	16,261	15,774	14,777
Treasury Stock	-13,547	-11,044	-10,823	-10,843	-10,860	-10,875
Comprehensive Income & Other	-6	-25	-	344	388	-105
Shareholders' Equity	7,776	10,350	10,515	10,687	10,414	8,876
Total Liabilities & Equity	28,312	33,750	36,487	35,369	36,320	34,588
Total Debt	5,258	8,058	9,200	9,431	12,285	12,205
Net Cash (Debt)	-2,240	667	2,274	2,861	3,219	1,129
Net Cash Growth	-	-70.67%	-20.52%	-11.12%	185.12%	1512.86%
Net Cash Per Share	-3.90	1.04	3.55	4.46	5.29	2.00
Filing Date Shares Outstanding	517.16	592.66	596.66	594.29	592.34	590.68
Total Common Shares Outstanding	517.16	593.31	596.51	594	592.12	590.47
Working Capital	-5,599	-1,002	1,699	4,430	8,872	7,667
Book Value Per Share	15.04	17.44	17.63	17.99	17.59	15.03
Tangible Book Value	6,511	9,080	9,249	9,421	9,148	7,611
Tangible Book Value Per Share	12.59	15.30	15.51	15.86	15.45	12.89
Machinery	26,009	24,648	25,458	22,794	19,991	19,643

Source: S&P Global Market Intelligence. Standard template. Financial Sources.