Southwest Airlines Co. (LUV)

Southwest Airlines Co. Cash Flow Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Mar 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Net Income	547	465	465	539	977	-3,074
Depreciation & Amortization	1,374	1,386	1,276	1,119	1,059	1,052
Other Amortization	271	271	246	232	213	203
Loss (Gain) From Sale of Assets	-95	-92	-	-	-	-222
Asset Writedown & Restructuring Costs	-	-	-	35	12	32
Loss (Gain) From Sale of Investments	-	-	-4	4	-	-
Other Operating Activities	67	18	-68	378	161	-787
Change in Accounts Receivable	384	19	-89	422	-701	-294
Change in Accounts Payable	-592	-1,363	1,386	936	38	231
Change in Unearned Revenue	-492	-37	29	525	591	1,623
Change in Other Net Operating Assets	-38	-205	-77	-400	-28	109
Operating Cash Flow	1,426	462	3,164	3,790	2,322	-1,127
Operating Cash Flow Growth	-39.42%	-85.40%	-16.52%	63.22%	-	-
Capital Expenditures	-1,989	-2,080	-3,553	-3,946	-511	-515
Investment in Securities	2,042	981	621	200	-753	-744
Other Investing Activities	894	838	-	-	-	1,243
Investing Cash Flow	947	-261	-2,932	-3,746	-1,264	-16
Short-Term Debt Issued	-	-	-	-	-	4,683
Long-Term Debt Issued	-	-	-	-	1,136	8,938
Total Debt Issued	-	-	-	-	1,136	13,621
Short-Term Debt Repaid	-	-	-	-	-	-4,683
Long-Term Debt Repaid	-	-1,337	-85	-3,085	-905	-839
Total Debt Repaid	-1,334	-1,337	-85	-3,085	-905	-5,522
Net Debt Issued (Repaid)	-1,334	-1,337	-85	-3,085	231	8,099
Issuance of Common Stock	62	60	48	45	51	2,342
Repurchase of Common Stock	-1,000	-250	-	-	-	-451
Common Dividends Paid	-322	-430	-428	-	-	-188
Other Financing Activities	-12	-23	29	8	77	-144
Financing Cash Flow	-2,606	-1,980	-436	-3,032	359	9,658
Net Cash Flow	-233	-1,779	-204	-2,988	1,417	8,515
Free Cash Flow	-563	-1,618	-389	-156	1,811	-1,642
Free Cash Flow Margin	-2.04%	-5.89%	-1.49%	-0.66%	11.47%	-18.15%
Free Cash Flow Per Share	-0.88	-2.52	-0.61	-0.24	2.97	-2.91
Cash Interest Paid	213	220	228	305	336	212
Cash Income Tax Paid	7	9	18	20	445	19
Levered Free Cash Flow	-837.25	-2,103	399.88	-412.88	643	-2,681
Unlevered Free Cash Flow	-717.88	-1,969	547.38	-224.75	912.38	-2,484
Change in Net Working Capital	742	1,769	-1,943	-1,655	-799	732

Updated Feb 7, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q