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Southwest Airlines Co. (LUV)
NYSE: LUV · Real-Time Price · USD
46.31
+0.93 (2.05%)
At close: Jul 28, 2026, 4:00 PM EDT
46.19
-0.12 (-0.26%)
After-hours: Jul 28, 2026, 7:59 PM EDT

Southwest Airlines Co. Balance Sheet

Millions USD. Fiscal year is Jan - Dec.

Assets

Fiscal Quarter
Q2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022Q4 2021Q3 2021
Period Ending
Jun '26 Mar '26 Dec '25 Sep '25 Jun '25 Mar '25 Dec '24 Sep '24 Jun '24 Mar '24 Dec '23 Sep '23 Jun '23 Mar '23 Dec '22 Sep '22 Jun '22 Mar '22 Dec '21 Sep '21
Cash & Equivalents
3,7913,3283,2312,9023,4758,1347,5098,5038,1428,3679,2889,4979,1588,3599,49210,44313,23413,09812,48012,980
Short-Term Investments
---1163641181,2168791,8602,1452,1862,2363,0213,3152,8003,2303,1972,6423,0243,024
Cash & Short-Term Investments
3,7913,3283,2313,0183,8398,2528,7259,38210,00210,51211,47411,73312,17911,67412,29213,67316,43115,74015,50416,004
Cash Growth (YoY)
-1.25%-59.67%-62.97%-67.83%-61.62%-21.50%-23.96%-20.04%-17.88%-9.95%-6.65%-14.19%-25.88%-25.83%-20.72%-14.56%-2.63%9.70%16.27%9.90%
Accounts Receivable
1,2181,2541,1491,1181,0131,0781,1101,1771,3461,3541,1541,4671,2331,2501,0401,3161,3891,6921,3571,479
Inventory
917833775792773786800770784812807799714736790776751623537511
Other Current Assets
556554490467467618639601619603520632535614686653825767638560
Total Current Assets
6,4825,9695,6455,3956,09210,73411,27411,93012,75113,28113,95514,63114,66114,27414,80816,41819,39618,82218,03618,554
Net Property, Plant & Equipment
21,59521,39521,33420,87420,64420,46020,42520,87420,79720,74320,59820,36319,93119,40418,73617,78617,08916,49216,43216,667
Goodwill
970970970970970970970970970970970970970970970970970970970970
Other Long-Term Assets
1,0751,0211,1121,0731,0061,0481,0811,0731,0451,0249641,016957898855772847978882919
Total Assets
30,12229,35529,06128,31228,71233,21233,75034,84735,56336,01836,48736,98036,51935,54635,36935,94638,30237,26236,32037,110

Liabilities

Fiscal Quarter
Q2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022Q4 2021Q3 2021
Period Ending
Jun '26 Mar '26 Dec '25 Sep '25 Jun '25 Mar '25 Dec '24 Sep '24 Jun '24 Mar '24 Dec '23 Sep '23 Jun '23 Mar '23 Dec '22 Sep '22 Jun '22 Mar '22 Dec '21 Sep '21
Accounts Payable
2,0722,1141,9911,7081,8111,9251,8181,5182,0281,9491,8621,7361,8821,7292,0041,5531,9081,6481,2821,229
Accrued Expenses
2,2472,1702,3492,0912,0401,9782,2062,0961,8702,4003,6062,8802,4682,1182,0431,8811,5871,3601,6241,687
Current Portion of Long-Term Debt
2,15685132423222,6081,6302,9302,9312829303132423811,662415453225
Current Portion of Leases
283300312310323331328202198206208220226233225233242240239243
Unearned Revenue
6,5107,0495,9456,8626,6967,0596,2946,7437,0867,6426,5517,2467,1217,2176,0646,3686,3126,4065,5665,751
Total Current Liabilities
13,26812,48410,92110,99410,89213,90112,27613,48914,11312,22512,25612,11211,72811,32910,37810,41611,71110,0699,1649,135
Long-Term Debt
3,7904,5364,5774,0794,0814,0865,0695,0755,0657,9747,9787,9847,9947,9998,0468,3158,87710,30910,27411,013
Long-Term Leases
6607097688469159701,0318889159539851,0391,0771,1121,1181,1831,2201,2771,3151,334
Other Long-Term Liabilities
5,3224,7514,8144,6174,8244,8905,0244,9845,0054,6704,7534,7914,9314,8045,1405,1085,3745,1905,1535,378
Total Long-Term Liabilities
9,7729,99610,1599,5429,8209,94611,12410,94710,98513,59713,71613,81414,00213,91514,30414,60615,47116,77616,74217,725
Total Liabilities
23,04022,48021,08020,53620,71223,84723,40024,43625,09825,82225,97225,92625,73025,24424,68225,02227,18226,84525,90626,860

Shareholders' Equity

Fiscal Quarter
Q2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022Q4 2021Q3 2021
Period Ending
Jun '26 Mar '26 Dec '25 Sep '25 Jun '25 Mar '25 Dec '24 Sep '24 Jun '24 Mar '24 Dec '23 Sep '23 Jun '23 Mar '23 Dec '22 Sep '22 Jun '22 Mar '22 Dec '21 Sep '21
Common Stock
888888888888888888888888888888888888888888888888888888888888
Treasury Stock
-14,794-14,798-13,593-13,547-13,299-11,789-11,044-10,798-10,803-10,808-10,823-10,827-10,831-10,836-10,843-10,846-10,850-10,853-10,860-10,862
Additional Paid-in Capital
4,2944,2604,3224,2834,2474,2104,1994,1804,1514,1384,1534,1354,1034,0584,0373,9893,9663,9404,2244,251
Accumulated Other Comprehensive Income
22-1-24-6-35-24-25-371119-20158197344305805891388267
Retained Earnings
16,67216,52616,38816,15816,19916,08016,33216,17816,21815,95916,29716,65716,57115,99516,26116,58816,31115,55115,77415,706
Shareholders' Equity
7,0826,8757,9817,7768,0009,36510,35010,41110,46510,19610,51511,05410,78910,30210,68710,92411,12010,41710,41410,250
Total Liabilities & Equity
30,12229,35529,06128,31228,71233,21233,75034,84735,56336,01836,48736,98036,51935,54635,36935,94638,30237,26236,32037,110

Additional Metrics

Fiscal Quarter
Q2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022Q4 2021Q3 2021
Period Ending
Jun '26 Mar '26 Dec '25 Sep '25 Jun '25 Mar '25 Dec '24 Sep '24 Jun '24 Mar '24 Dec '23 Sep '23 Jun '23 Mar '23 Dec '22 Sep '22 Jun '22 Mar '22 Dec '21 Sep '21
Total Debt
6,8896,3965,9815,2585,3417,9958,0589,0959,1099,1619,2009,2739,3289,3769,43110,11212,00112,24112,28112,815
Net Cash (Debt)
-3,098-3,068-2,750-2,240-1,5022576672878931,3512,2742,4602,8512,2982,8613,5614,4303,4993,2233,189
Net Cash Growth (YoY)
------80.98%-70.67%-88.33%-68.68%-41.21%-20.52%-30.92%-35.64%-34.32%-11.23%11.67%23.92%123.86%183.97%62.13%
Net Cash Per Share
-6.28-6.10-5.28-4.26-2.780.441.040.481.392.263.813.844.463.874.825.576.985.915.345.25
Book Value
7,0826,8757,9817,7768,0009,36510,35010,41110,46510,19610,51511,05410,78910,30210,68710,92411,12010,41710,41410,250
Book Value Per Share
14.3713.6715.3214.7814.7916.0416.1517.3216.2817.0817.6417.2716.8817.3417.9917.1017.5117.6017.2716.89
Tangible Book Value
6,1125,9057,0116,8067,0308,3959,3809,4419,4959,2269,54510,0849,8199,3329,7179,95410,1509,4479,4449,280
Tangible Book Value Per Share
12.4011.7413.4612.9412.9914.3814.6315.7114.7715.4516.0215.7615.3715.7116.3615.5815.9815.9615.6615.29
SEC Filings: 10-K · 10-Q