Southwest Airlines Co. (LUV)

Southwest Airlines Co. Cash Flow Statement

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

Year Ending	TTM	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Net Income	393	465	539	977	-3,074	2,300
Depreciation & Amortization	1,565	1,522	1,351	1,272	1,255	1,219
Other Operating Activities	395	1,177	1,900	73	692	468
Operating Cash Flow	2,353	3,164	3,790	2,322	-1,127	3,987
Operating Cash Flow Growth	-31.30%	-16.52%	63.22%	-	-	-18.52%
Capital Expenditures	-3,058	-3,520	-3,924	-505	-515	-1,027
Change in Investments	1,188	621	200	-753	71	324
Other Investing Activities	-70	-33	-22	-6	428	400
Investing Cash Flow	-1,940	-2,932	-3,746	-1,264	-16	-303
Dividends Paid	-429	-428	0	0	-188	-372
Share Issuance / Repurchase	54	48	45	51	1,891	-1,960
Debt Issued / Paid	-34	-85	-3,085	231	8,099	-615
Other Financing Activities	4	29	8	77	-144	-43
Financing Cash Flow	-405	-436	-3,032	359	9,658	-2,990
Net Cash Flow	8	-204	-2,988	1,417	8,515	694
Free Cash Flow	-705	-356	-134	1,817	-1,642	2,960
Free Cash Flow Growth	-	-	-	-	-	-0.37%
Free Cash Flow Margin	-2.64%	-1.36%	-0.56%	11.51%	-18.15%	13.20%
Free Cash Flow Per Share	-1.18	-0.60	-0.23	3.07	-2.78	5.62

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).