Southwest Airlines Co. (LUV)

Southwest Airlines Co. Balance Sheet

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

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Cash & Equivalents	8,503	9,288	9,492	12,480	11,063	2,548
Short-Term Investments	879	2,186	2,800	3,024	2,271	1,524
Cash & Short-Term Investments	9,382	11,474	12,292	15,504	13,334	4,072
Cash Growth	-20.04%	-6.65%	-20.72%	16.27%	227.46%	10.38%
Accounts Receivable	218	304	202	141	81	165
Other Receivables	958	838	804	1,208	1,049	921
Receivables	1,176	1,142	1,006	1,349	1,130	1,086
Inventory	770	807	790	537	414	529
Prepaid Expenses	583	449	440	309	285	239
Other Current Assets	19	83	280	337	10	48
Total Current Assets	11,930	13,955	14,808	18,036	15,173	5,974
Property, Plant & Equipment	20,446	20,362	18,360	16,432	17,418	18,126
Long-Term Investments	354	280	249	-	-	2
Goodwill	970	970	970	970	970	970
Other Intangible Assets	300	296	296	296	295	296
Other Long-Term Assets	847	624	686	586	732	527
Total Assets	34,847	36,487	35,369	36,320	34,588	25,895
Accounts Payable	512	1,862	2,004	1,282	931	1,574
Accrued Expenses	2,897	3,606	2,043	1,544	1,659	1,744
Current Portion of Long-Term Debt	2,900	-	-	371	137	739
Current Portion of Leases	232	237	267	321	389	438
Current Unearned Revenue	6,743	6,551	6,064	5,566	4,390	4,457
Other Current Liabilities	205	-	-	80	-	-
Total Current Liabilities	13,489	12,256	10,378	9,164	7,506	8,952
Long-Term Debt	5,075	7,903	7,899	9,901	9,658	1,305
Long-Term Leases	888	1,060	1,265	1,692	2,021	1,520
Long-Term Unearned Revenue	1,957	1,728	2,186	2,159	3,343	1,053
Long-Term Deferred Tax Liabilities	2,094	2,044	1,985	1,770	1,634	2,364
Other Long-Term Liabilities	653	712	728	890	1,122	581
Total Liabilities	24,436	25,972	24,682	25,906	25,712	16,063
Common Stock	888	888	888	888	888	808
Additional Paid-In Capital	4,180	4,153	4,037	4,224	4,191	1,581
Retained Earnings	16,178	16,297	16,261	15,774	14,777	17,945
Treasury Stock	-10,798	-10,823	-10,843	-10,860	-10,875	-10,441
Comprehensive Income & Other	-37	-	344	388	-105	-61
Shareholders' Equity	10,411	10,515	10,687	10,414	8,876	9,832
Total Liabilities & Equity	34,847	36,487	35,369	36,320	34,588	25,895
Total Debt	9,095	9,200	9,431	12,285	12,205	4,002
Net Cash (Debt)	287	2,274	2,861	3,219	1,129	70
Net Cash Growth	-88.33%	-20.52%	-11.12%	185.12%	1512.86%	-76.51%
Net Cash Per Share	0.48	3.55	4.46	5.29	2.00	0.13
Filing Date Shares Outstanding	599.74	596.66	594.29	592.34	590.68	517.3
Total Common Shares Outstanding	599.74	596.51	594	592.12	590.47	519.06
Working Capital	-1,559	1,699	4,430	8,872	7,667	-2,978
Book Value Per Share	17.36	17.63	17.99	17.59	15.03	18.94
Tangible Book Value	9,141	9,249	9,421	9,148	7,611	8,566
Tangible Book Value Per Share	15.24	15.51	15.86	15.45	12.89	16.50
Machinery	26,394	25,458	22,794	19,991	19,643	20,395

Source: S&P Capital IQ. Standard template. Financial Sources.