Southwest Airlines Co. (LUV)

Southwest Airlines Co. Balance Sheet

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

Year	2023	2022	2021	2020	2019
Cash & Equivalents	9,288	9,492	12,480	11,063	2,548
Short-Term Investments	2,186	2,800	3,024	2,271	1,524
Cash & Cash Equivalents	11,474	12,292	15,504	13,334	4,072
Cash Growth	-6.65%	-20.72%	16.27%	227.46%	10.38%
Receivables	1,154	1,040	1,357	1,130	1,086
Inventory	807	790	537	414	529
Other Current Assets	520	686	638	295	287
Total Current Assets	13,955	14,808	18,036	15,173	5,974
Property, Plant & Equipment	20,598	18,736	16,432	17,723	18,374
Goodwill and Intangibles	970	970	970	970	970
Other Long-Term Assets	964	855	882	722	577
Total Long-Term Assets	22,532	20,561	18,284	19,415	19,921
Total Assets	36,487	35,369	36,320	34,588	25,895
Accounts Payable	1,862	2,004	1,282	931	1,574
Current Debt	237	267	692	526	1,172
Other Current Liabilities	10,157	8,107	7,190	6,049	6,206
Total Current Liabilities	12,256	10,378	9,164	7,506	8,952
Long-Term Debt	8,963	9,164	11,589	11,673	2,824
Other Long-Term Liabilities	4,753	5,140	5,153	6,533	4,287
Total Long-Term Liabilities	13,716	14,304	16,742	18,206	7,111
Total Liabilities	25,972	24,682	25,906	25,712	16,063
Total Debt	9,200	9,431	12,281	12,199	3,996
Debt Growth	-2.45%	-23.21%	0.67%	205.28%	18.33%
Retained Earnings	16,297	16,261	15,774	14,777	17,945
Comprehensive Income	0	344	388	-105	-61
Shareholders' Equity	10,515	10,687	10,414	8,876	9,832
Net Cash / Debt	2,274	2,861	3,223	1,135	76
Net Cash / Debt Growth	-20.52%	-11.23%	183.96%	1393.42%	-75.64%
Working Capital	1,699	4,430	8,872	7,667	-2,978
Book Value Per Share	17.64	18.00	17.59	15.04	18.68

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).