Southwest Airlines Co. Income Statement

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

Millions USD. Fiscal year is Jan - Dec.

Year	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013 - 1992
Revenue	26,091	23,814	15,790	9,048	22,428	21,965	21,146	20,289	19,820	18,605	Upgrade
Revenue Growth (YoY)	9.56%	50.82%	74.51%	-59.66%	2.11%	3.87%	4.22%	2.37%	6.53%	5.12%	Upgrade
Cost of Revenue	9,194	8,335	5,620	3,839	6,933	7,057	6,369	6,057	6,025	7,677	Upgrade
Gross Profit	16,897	15,479	10,170	5,209	15,495	14,908	14,777	14,232	13,795	10,928	Upgrade
Selling, General & Admin	11,152	9,376	7,743	6,811	8,293	7,649	7,305	6,786	6,383	5,434	Upgrade
Other Operating Expenses	5,521	5,086	706	2,214	4,245	4,053	4,065	3,924	3,296	3,269	Upgrade
Operating Expenses	16,673	14,462	8,449	9,025	12,538	11,702	11,370	10,710	9,679	8,703	Upgrade
Operating Income	224	1,017	1,721	-3,816	2,957	3,206	3,407	3,522	4,116	2,225	Upgrade
Interest Expense / Income	259	340	467	349	118	131	114	122	121	130	Upgrade
Other Expense / Income	-668	-51	-71	91	-118	-89	28	-50	516	279	Upgrade
Pretax Income	633	728	1,325	-4,256	2,957	3,164	3,265	3,450	3,479	1,816	Upgrade
Income Tax	168	189	348	-1,182	657	699	-92	1,267	1,298	680	Upgrade
Net Income	465	539	977	-3,074	2,300	2,465	3,357	2,183	2,181	1,136	Upgrade
Preferred Dividends	0	0	0	0	0	0	0	-2	0	0	Upgrade
Net Income Common	465	539	977	-3,074	2,300	2,465	3,357	2,185	2,181	1,136	Upgrade
Net Income Growth	-13.73%	-44.83%	-	-	-6.69%	-26.57%	53.64%	0.18%	91.99%	50.66%	Upgrade
Shares Outstanding (Basic)	596	594	592	590	526	573	601	627	650	679	Upgrade
Shares Outstanding (Diluted)	-	-	-	-	-	574	603	633	-	-	Upgrade
Shares Change	0.40%	0.31%	0.28%	12.16%	-8.31%	-4.81%	-4.74%	-2.67%	-4.18%	-2.58%	Upgrade
EPS (Basic)	0.78	0.91	1.65	-5.44	4.28	4.30	5.58	3.48	3.30	1.65	Upgrade
EPS (Diluted)	0.76	0.87	1.61	-5.44	4.27	4.29	5.57	3.45	3.27	1.64	Upgrade
EPS Growth	-12.64%	-45.96%	-	-	-0.47%	-22.98%	61.45%	5.50%	99.39%	56.19%	Upgrade
Free Cash Flow	-356	-134	1,817	-1,642	2,960	2,971	1,806	2,255	1,197	1,154	Upgrade
Free Cash Flow Per Share	-0.60	-0.23	3.07	-2.78	5.62	5.18	3.00	3.60	1.84	1.70	Upgrade
Dividend Per Share	0.900	-	-	0.180	0.700	0.605	0.475	0.375	0.285	0.220	Upgrade
Dividend Growth	-	-	-	-74.29%	15.70%	27.37%	26.67%	31.58%	29.55%	69.23%	Upgrade
Gross Margin	64.76%	65.00%	64.41%	57.57%	69.09%	67.87%	69.88%	70.15%	69.60%	58.74%	Upgrade
Operating Margin	0.86%	4.27%	10.90%	-42.18%	13.18%	14.60%	16.11%	17.36%	20.77%	11.96%	Upgrade
Profit Margin	1.78%	2.26%	6.19%	-33.97%	10.26%	11.22%	15.88%	10.77%	11.00%	6.11%	Upgrade
Free Cash Flow Margin	-1.36%	-0.56%	11.51%	-18.15%	13.20%	13.53%	8.54%	11.11%	6.04%	6.20%	Upgrade
Effective Tax Rate	26.54%	25.96%	26.26%	-	22.22%	22.09%	-2.82%	36.72%	37.31%	37.44%	Upgrade
EBITDA	2,414	2,419	3,064	-2,652	4,294	4,496	4,597	4,793	4,615	2,884	Upgrade
EBITDA Margin	9.25%	10.16%	19.40%	-29.31%	19.15%	20.47%	21.74%	23.62%	23.28%	15.50%	Upgrade
Depreciation & Amortization	1,522	1,351	1,272	1,255	1,219	1,201	1,218	1,221	1,015	938	Upgrade
EBIT	892	1,068	1,792	-3,907	3,075	3,295	3,379	3,572	3,600	1,946	Upgrade
EBIT Margin	3.42%	4.48%	11.35%	-43.18%	13.71%	15.00%	15.98%	17.61%	18.16%	10.46%	Upgrade

Source: Financials are provided by Nasdaq Data Link and sourced from the audited annual (10-K) and quarterly (10-Q) reports submitted to the Securities and Exchange Commission (SEC).