Southwest Airlines Co. (LUV)

Southwest Airlines Co. Balance Sheet

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

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

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