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  • Income Statement
  • Balance Sheet
  • Cashflow Statement
  • Profitability
  • Ratios

Southwest Airlines Co. Income Statement

Chart 2020 2021 2022 2023
Revenue
$9.05B $15.79B $23.81B $26.09B
Cost of Revenue
$10.94B $11.68B $19.06B $21.87B
Gross Profit
-$1.89B $4.12B $4.75B $4.22B
Research & Development
- - - -
Selling,General & Administrative
$1.93B $2.39B $3.74B $3.99B
Operating Expense
$1.93B $2.39B $3.74B $3.99B
Operating Income
-$3.82B $1.72B $1.02B $224.00M
Net Income
-$3.07B $977.00M $539.00M $465.00M

Southwest Airlines Co. Balance Sheet

Chart 2020 2021 2022 2023
Cash and Cash Equivalents
$13.33B $15.50B $12.29B $11.47B
Inventories
$414.00M $537.00M $790.00M $807.00M
Total Current Assets
$15.17B $18.04B $14.81B $13.96B
Property,Plant and Equipment
$17.72B $16.43B $18.74B $20.60B
Goodwill
$970.00M $970.00M $970.00M $970.00M
Total Assets
$34.59B $36.32B $35.37B $36.49B
Total Liabilities
$25.71B $25.91B $24.68B $25.97B
Retained Earnings
$14.78B $15.77B $16.26B $16.30B
Total Shareholder Equity
$8.88B $10.41B $10.69B $10.52B
Common Stock
$888.00M $888.00M $888.00M $888.00M

Southwest Airlines Co. Cash flow

Chart 2020 2021 2022 2023
Depreciation & Amortization
$1.26B $1.27B $1.35B $1.52B
Dividends Payout
-$188.00M - - -$428.00M
Capital Expenditures (Capex)
-$515.00M -$511.00M -$3.95B -$3.55B
Free Cash Flow (FCF)
-$1.64B $1.81B -$156.00M -$389.00M

Southwest Airlines Co. Profitability

Chart 2020 2021 2022 2023
Gross Profit
-$1.89B $4.12B $4.75B $4.22B
Gross Profit Margin (%)
-20.89% 26.06% 19.95% 16.19%
Operating Income
-$3.82B $1.72B $1.02B $224.00M
Operating Income Margin (%)
-42.18% 10.90% 4.27% 0.86%
Net Income
-$3.07B $977.00M $539.00M $465.00M
Net Income Margin (%)
-33.97% 6.19% 2.26% 1.78%
EBITDA
-$2.70B $3.03B $2.38B $2.39B
EBITDA Margin (%)
-29.70% 19.18% 10.80% 9.16%

Southwest Airlines Co. Ratios

Chart 2020 2021 2022 2023
Return on Equity (ROE)
-34.63% 9.38% 5.04% 4.42%
Return on Assets (ROA)
-8.89% 2.69% 1.52% 1.27%
Debt to Equity
114.67% 101.68% 88.25% 75.44%
Debt to total asset
29.43% 29.15% 26.66% 21.74%
Enterprise value to revenue
3.04 1.59 0.84 0.66
Enterprise value to EBITDA
-10.18 8.31 8.36 7.16
Enterprise value
$27.47B $25.16B $19.91B $17.12B
Cash to Debt
-11.07% 21.93% 40.19% 39.89%
Tax Rate (%)
27.77% 26.26% 25.96% 26.54%
Payout Ratio
-6.12% - - 92.04%