Southwest Airlines Co. Cash Flow Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	837	441	465	465	539	977
Depreciation & Amortization	1,247	1,242	1,386	1,276	1,119	1,059
Other Amortization	318	318	271	246	232	213
Loss (Gain) From Sale of Assets	-	-3	-92	-	-	-
Asset Writedown & Restructuring Costs	-	8	-	-	35	12
Loss (Gain) From Sale of Investments	-	-	-	-	4	-
Other Operating Activities	178	249	18	-72	378	161
Change in Accounts Receivable	-151	51	19	-89	422	-701
Change in Accounts Payable	382	218	-1,363	1,386	936	38
Change in Unearned Revenue	-112	-1,078	-37	29	525	591
Change in Other Net Operating Assets	-171	396	-205	-77	-400	-28
Operating Cash Flow	2,528	1,842	462	3,164	3,790	2,322
Operating Cash Flow Growth	36.58%	298.70%	-85.40%	-16.52%	63.22%	-
Capital Expenditures	-2,934	-2,673	-2,054	-3,520	-3,946	-511
Investment in Securities	367	1,223	981	621	200	-753
Other Investing Activities	-6	21	812	-33	-	-
Investing Cash Flow	-2,174	-1,429	-261	-2,932	-3,746	-1,264
Long-Term Debt Issued	-	1,500	-	-	-	1,136
Total Debt Issued	3,000	1,500	-	-	-	1,136
Long-Term Debt Repaid	-	-3,275	-1,337	-85	-3,085	-905
Total Debt Repaid	-1,114	-3,275	-1,337	-85	-3,085	-905
Net Debt Issued (Repaid)	1,886	-1,775	-1,337	-85	-3,085	231
Issuance of Common Stock	58	59	60	48	45	51
Repurchase of Common Stock	-1,550	-2,550	-250	-	-	-
Common Dividends Paid	-370	-399	-430	-428	-	-
Other Financing Activities	-62	-26	-23	29	8	77
Financing Cash Flow	-38	-4,691	-1,980	-436	-3,032	359
Net Cash Flow	316	-4,278	-1,779	-204	-2,988	1,417
Free Cash Flow	-406	-831	-1,592	-356	-156	1,811
Free Cash Flow Growth	-	-	-	-	-	-
Free Cash Flow Margin	-1.35%	-2.96%	-5.79%	-1.36%	-0.66%	11.47%
Free Cash Flow Per Share	-0.77	-1.49	-2.48	-0.56	-0.24	2.97
Levered Free Cash Flow	-834.75	-683.88	-2,077	22.25	-412.88	643
Unlevered Free Cash Flow	-744.13	-613.25	-1,943	169.75	-224.75	912.38
Cash Interest Paid	137	108	220	228	305	336
Cash Income Tax Paid	-	-1	-21	-87	20	445
Change in Working Capital	-52	-413	-1,586	1,249	1,483	-100

SEC Filings: 10-K · 10-Q