Home » Stocks » Southwest Airlines » Financials » Income Statement

Southwest Airlines Company (LUV)

Stock Price: $37.10 USD 0.24 (0.65%)
Updated Sep 25, 2020 4:00 PM EDT - Market closed
After-hours: $37.43 +0.33 (0.89%) Sep 25, 7:59 PM

Income Statement (Annual)

Numbers in millions USD. Fiscal year is January-December.
Year2019201820172016201520142013201220112010200920082007200620052004200320022001200019991998199719961995199419931992
Revenue22,42821,96521,14620,28919,82018,60517,69917,08815,65812,10410,35011,0239,8619,0867,5846,5305,9375,5225,5555,6504,7364,1643,8173,4062,8732,5922,2971,803
Revenue Growth2.11%3.87%4.22%2.37%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%-1.67%19.3%13.73%9.1%12.06%18.57%10.83%12.86%27.38%-
Cost of Revenue6,9337,0576,3696,0576,0257,6778,3078,6507,8665,3584,6675,2504,0223,4052,4042,0591,8151,6841,6721,6441,3021,1081,1571,116913791705563
Gross Profit15,49514,90814,77714,23213,79510,9289,3928,4387,7926,7465,6835,7735,8395,6815,1804,4714,1223,8383,8834,0053,4343,0562,6602,2901,9601,8011,5921,240
Selling, General & Admin8,2937,6497,3056,7866,3835,4345,0354,7494,3713,7043,4683,3403,2133,0522,7822,5782,2241,9931,8561,6841,4551,2861,1371,000868756642513
Other Operating Expenses4,2454,0534,0653,9243,2963,2693,0793,0662,7282,0541,9531,9841,8351,6951,6731,4891,4151,4281,3971,3001,1971,087999939779728658533
Operating Expenses12,53811,70211,37010,7109,6798,7038,1147,8157,0995,7585,4215,3245,0484,7474,4554,0673,6393,4213,2532,9842,6522,3732,1351,9391,6471,4841,3001,046
Operating Income2,9573,2063,4073,5224,1162,2251,2786236939882624497919347254044834176301,021782684524351314317292194
Interest Expense / Income11813111412212113013114719416718613011912812288.0091.0010670.0069.8954.1556.2863.4559.2758.8153.3758.4659.08
Other Expense / Income-118-89.0028.00-50.00516279-62.00-20917676.00-88.0041.00-38616.00-176-23.00-316-82.00-268-43.98-46.18-77.78-56.17-49.80-50.42-36.18-41.38-35.26
Pretax Income2,9573,1643,2653,4503,4791,8161,2096853237451642781,058790779339708393828995774705517341305300275170
Income Tax657699-92.001,2671,29868045526414528665.0010041329129512426615231739229927219913412312010555.82
Net Income2,3002,4653,3572,1832,1811,13675442117845999.00178645499484215442241511603474433318207183179170114
Shares Outstanding (Basic)526573601627650679697738779747742740734792793780783775765753757757745734729726--
Shares Outstanding (Diluted)-574603633------------------------
Shares Change-8.15%-4.66%-4.15%-3.59%-4.18%-2.58%-5.59%-5.21%4.21%0.69%0.3%0.77%-7.3%-0.11%1.69%-0.43%1.07%1.22%1.67%-0.51%-0.02%1.6%1.46%0.76%0.4%---
EPS (Basic)4.284.305.583.483.301.651.060.560.230.620.130.240.850.630.610.270.560.310.670.810.630.580.430.280.250.240.230.16
EPS (Diluted)4.274.295.573.453.271.641.050.560.230.610.130.240.840.610.600.270.540.300.630.760.590.550.410.270.24---
EPS Growth-0.47%-22.98%61.45%5.5%99.39%56.19%87.5%143.48%-62.3%369.23%-45.83%-71.43%37.7%1.67%122.22%-50%80%-52.38%-17.11%28.81%7.86%32.45%52.4%11.52%----
Free Cash Flow Per Share5.625.193.013.601.841.701.500.970.501.430.54-3.302.060.011.23-0.820.13-0.110.640.22-0.18-0.08-0.11-0.09-0.37-0.52--
Dividend Per Share0.700.610.480.380.290.220.130.030.020.020.020.020.020.020.020.020.020.020.020.020.020.010.010.010.010.010.010.01
Dividend Growth15.7%27.37%26.67%31.58%29.55%69.23%282.35%88.89%0%0%0%0%0%0%0%0%0%0%20%0%15.38%30%11.11%12.5%0%0%14.29%-
Gross Margin69.1%67.9%69.9%70.1%69.6%58.7%53.1%49.4%49.8%55.7%54.9%52.4%59.2%62.5%68.3%68.5%69.4%69.5%69.9%70.9%72.5%73.4%69.7%67.2%68.2%69.5%69.3%68.7%
Operating Margin13.2%14.6%16.1%17.4%20.8%12.0%7.2%3.6%4.4%8.2%2.5%4.1%8.0%10.3%9.6%6.2%8.1%7.6%11.3%18.1%16.5%16.4%13.7%10.3%10.9%12.2%12.7%10.7%
Profit Margin10.3%11.2%15.9%10.8%11%6.1%4.3%2.5%1.1%3.8%1%1.6%6.5%5.5%6.4%3.3%7.4%4.4%9.2%10.7%10%10.4%8.3%6.1%6.4%6.9%7.4%6.3%
FCF Margin13.2%13.5%8.5%11.1%6.0%6.2%5.9%4.2%2.5%8.8%3.9%-22.2%15.4%0.1%12.8%-9.8%1.7%-1.5%8.8%2.9%-2.9%-1.5%-2.1%-1.8%-9.5%-14.5%-5.7%-8.3%
Effective Tax Rate22.2%22.1%-36.7%37.3%37.4%37.6%38.5%44.9%38.4%39.6%36.0%39.0%36.8%37.9%36.6%37.6%38.7%38.3%39.4%38.7%38.5%38.5%39.3%40.2%40.1%38.3%32.8%
EBITDA4,2944,4964,5974,7934,6152,8842,2071,6761,2321,5409661,0071,7321,4331,3708581,1838551,2161,3461,076987776584521492453331
EBITDA Margin19.1%20.5%21.7%23.6%23.3%15.5%12.5%9.8%7.9%12.7%9.3%9.1%17.6%15.8%18.1%13.1%19.9%15.5%21.9%23.8%22.7%23.7%20.3%17.1%18.1%19%19.7%18.4%
EBIT3,0753,2953,3793,5723,6001,9461,3408325179123504081,1779189014277994998981,065828761580401364353333229
EBIT Margin13.7%15.0%16.0%17.6%18.2%10.5%7.6%4.9%3.3%7.5%3.4%3.7%11.9%10.1%11.9%6.5%13.5%9.0%16.2%18.9%17.5%18.3%15.2%11.8%12.7%13.6%14.5%12.7%