LUV Stock Annual Balance Sheet. Download in Excel
Southwest Airlines Company
LUV 
NYE
Sector: Industrials
Industry: Airlines
31.07
USD
0.79
(2.61%)
Previous close: 30.28 Open: 30.64 Bid: 31.1 Ask: 31.27
52 week range
23.58 36.12
Mkt Cap: 15,535 M Avg Vol (90 Days): 13,554,864
Last updated: Friday 9th May 2025
Financials
LUV Balance Sheet
Annual
| Dec-15 | Dec-16 | Dec-17 | Dec-18 | Dec-19 | Dec-20 | Dec-21 | Dec-22 | Dec-23 | Dec-24 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Accounts payable | 1,188 M | 1,178 M | 1,320 M | 1,416 M | 1,574 M | 931 M | 156 M | 2,004 M | 1,862 M | 1,818 M |
| Accounts receivable | 474 M | 546 M | 662 M | 568 M | 1,086 M | 1,130 M | 141 M | 1,040 M | 1,154 M | 1,110 M |
| Accrued expenses | 3,779 M | 3,163 M | 3,020 M | 3,165 M | 3,323 M | 3,190 M | 2,328 M | 4,047 M | 5,468 M | 4,024 M |
| Accumulated depreciation & depletion | -9,084 M | -9,420 M | -9,690 M | -9,731 M | -10,688 M | -11,743 M | -12,732 M | -13,642 M | -14,443 M | -14,891 M |
| Additional paid in capital | 1,374 M | 1,410 M | 1,451 M | 1,510 M | 1,581 M | 4,191 M | 4,224 M | 4,037 M | 4,153 M | 4,199 M |
| Cash and equivalents | 1,583 M | 1,680 M | 1,495 M | 1,854 M | 2,548 M | 11,063 M | 12,480 M | 9,492 M | 9,288 M | 7,509 M |
| CashCashEquivalentsAndShortTermInvestments | 3,051 M | 3,305 M | 3,273 M | 3,689 M | 4,072 M | 13,334 M | 15,504 M | 12,292 M | 11,474 M | 8,725 M |
| CashEquivalents | 1,583 M | 1,680 M | 1,495 M | 1,854 M | 2,548 M | 11,063 M | 12,480 M | |||
| Common par | 808 M | 808 M | 808 M | 808 M | 808 M | 888 M | 888 M | 888 M | 888 M | 888 M |
| Common stock equity | 7,358 M | 8,441 M | 9,641 M | 9,853 M | 9,832 M | 8,876 M | 10,414 M | 10,687 M | 10,515 M | 10,350 M |
| CommonStock | 808 M | 808 M | 808 M | 808 M | 808 M | 888 M | 888 M | 888 M | 888 M | 888 M |
| Cost in excess | 970 M | 970 M | 970 M | 970 M | 970 M | 970 M | 970 M | 970 M | 970 M | 970 M |
| CurrentAccruedExpenses | 2,591 M | 1,985 M | 1,700 M | 1,749 M | 1,749 M | 2,259 M | 981 M | 2,043 M | 3,606 M | 2,206 M |
| CurrentCapitalLeaseObligation | 32 M | 58 M | 79 M | 845 M | 353 M | 306 M | 239 M | 225 M | 208 M | 328 M |
| CurrentDeferredRevenue | 2,990 M | 3,115 M | 3,495 M | 4,134 M | 3,385 M | 4,447 M | 5,566 M | |||
| CurrentDeferredTaxesLiabilities | 2,490 M | 3,374 M | 2,119 M | 2,427 M | 2,364 M | 1,634 M | 1,770 M | 1,985 M | ||
| Deferred revenues | 2,990 M | 3,115 M | 3,495 M | 4,134 M | 4,457 M | 3,790 M | 5,646 M | 6,064 M | 6,551 M | 6,294 M |
| DividendsPayable | 93 M | 107 M | 107 M | 107 M | ||||||
| EmployeeBenefits | 563 M | |||||||||
| FinancialAssets | 192 M | |||||||||
| FlightFleetVehicleAndRelatedEquipments | 19,462 M | 20,275 M | 21,368 M | 21,753 M | 21,629 M | 20,877 M | 21,226 M | 23,725 M | 26,060 M | 25,202 M |
| Float term debt | 2,541 M | 2,821 M | 3,320 M | 2,771 M | 2,824 M | 11,673 M | 10,274 M | 9,164 M | 8,963 M | 6,100 M |
| GoodwillAndOtherIntangibleAssets | 970 M | 970 M | 970 M | 970 M | 970 M | 970 M | 1,265 M | 970 M | 970 M | 970 M |
| Gross fixed assets (Plant Property & Equipment) | 23,596 M | 25,274 M | 27,310 M | 28,481 M | 28,814 M | 29,161 M | 29,164 M | 32,002 M | 34,743 M | 34,815 M |
| IncomeTaxPayable | 179 M | 184 M | 203 M | 220 M | 227 M | 49 M | 65 M | |||
| Intangibles | 464 M | 544 M | 654 M | 674 M | 630 M | 697 M | 295 M | 928 M | 296 M | 300 M |
| InterestPayable | 49 M | 46 M | 45 M | 34 M | 23 M | |||||
| Inventories | 1,400 M | 1,527 M | 1,339 M | 1,236 M | 777 M | 719 M | 537 M | 1,166 M | 1,043 M | 1,213 M |
| Invested capital | 12,440 M | 14,083 M | 16,281 M | 15,395 M | 14,502 M | 30,660 M | 30,962 M | 27,897 M | 27,456 M | 21,519 M |
| Leases | 435 M | 923 M | 1,207 M | 1,300 M | 1,349 M | 1,892 M | 1,590 M | 1,394 M | 1,223 M | 1,369 M |
| LongTermCapitalLeaseObligation | 3,198 M | 3,410 M | 3,693 M | 646 M | 978 M | 1,562 M | 1,315 M | 1,118 M | 985 M | 1,031 M |
| LongTermDebtAndCapitalLeaseObligation | 2,541 M | 2,821 M | 3,320 M | 2,771 M | 2,824 M | 11,673 M | 11,589 M | 9,164 M | 8,963 M | 6,100 M |
| Marketable securities | 1,468 M | 1,625 M | 1,778 M | 1,835 M | 1,524 M | 2,271 M | 3,024 M | 2,800 M | 2,186 M | 1,216 M |
| Net fixed assets (net PP&E) | 14,512 M | 15,854 M | 17,620 M | 18,750 M | 18,126 M | 17,418 M | 16,432 M | 18,360 M | 20,300 M | 19,924 M |
| Non-current deferred income taxes | 2,490 M | 3,374 M | 2,119 M | 2,427 M | 2,364 M | 1,634 M | 1,770 M | 1,985 M | 2,044 M | 2,167 M |
| NonCurrentDeferredLiabilities | 2,490 M | 3,374 M | 2,119 M | 2,427 M | 3,417 M | 4,977 M | 4,298 M | 4,171 M | 3,772 M | 4,115 M |
| NonCurrentDeferredRevenue | 1,053 M | 3,343 M | 2,159 M | 2,186 M | 1,728 M | 1,948 M | ||||
| NonCurrentPensionAndOtherPostretirementBenefitPlans | 201 M | 256 M | 275 M | 232 M | 288 M | 428 M | 563 M | 241 M | 269 M | 256 M |
| Other current assets | 717 M | 774 M | 786 M | 720 M | 577 M | 722 M | 62 M | 88 M | ||
| Other equity adjustments | -1,051 M | -323 M | 12 M | 20 M | -61 M | -105 M | 388 M | |||
| Other fixed assets | 4,134 M | 4,999 M | 5,942 M | 6,728 M | 5,836 M | 6,392 M | 7,938 M | 6,883 M | 7,460 M | 8,244 M |
| Other non-current assets | 717 M | 774 M | 786 M | 720 M | 779 M | 722 M | 395 M | 855 M | 964 M | 1,081 M |
| Other non-current liabilities | 760 M | 1,806 M | 1,777 M | 1,586 M | 870 M | 1,556 M | 292 M | 969 M | 981 M | 909 M |
| Other receivable | 517 M | |||||||||
| OtherCurrentBorrowings | 453 M | |||||||||
| OtherCurrentLiabilities | 757 M | 1,400 M | 1,390 M | 1,701 M | 166 M | 161 M | 141 M | 164 M | 133 M | 178 M |
| OtherPayable | 1,188 M | 1,178 M | 1,320 M | 1,416 M | 1,574 M | 931 M | 926 M | |||
| Payables | 1,188 M | 1,178 M | 1,320 M | 1,416 M | 1,574 M | 931 M | 1,347 M | 2,004 M | 1,862 M | 1,818 M |
| Prepaid expenses | 188 M | 310 M | 460 M | 310 M | 287 M | 295 M | 638 M | 686 M | 520 M | 639 M |
| Retained earnings | 8,358 M | 11,095 M | 13,844 M | 15,987 M | 17,884 M | 14,672 M | 15,774 M | 16,605 M | 16,297 M | 16,307 M |
| Short term debt | 637 M | 566 M | 348 M | 606 M | 819 M | 220 M | 453 M | 42 M | 29 M | 1,630 M |
| TaxesReceivable | 22 M | 87 M | 740 M | 699 M | 133 M | 35 M | 11 M | |||
| Total assets | 21,312 M | 23,286 M | 25,110 M | 26,243 M | 25,318 M | 34,588 M | 36,320 M | 35,369 M | 36,487 M | 33,750 M |
| Total current assets | 5,113 M | 5,688 M | 5,734 M | 5,803 M | 6,222 M | 15,478 M | 18,036 M | 14,808 M | 13,955 M | 11,274 M |
| Total current liabilities | 8,163 M | 6,844 M | 8,253 M | 9,606 M | 8,952 M | 7,506 M | 9,164 M | 10,378 M | 12,256 M | 12,276 M |
| Total equity | 7,358 M | 8,441 M | 9,641 M | 9,853 M | 9,832 M | 8,876 M | 10,414 M | 10,687 M | 10,515 M | 10,350 M |
| Total liabilities | 13,954 M | 14,845 M | 15,469 M | 16,390 M | 16,063 M | 25,712 M | 25,906 M | 24,682 M | 25,972 M | 23,400 M |
| Total non-current assets | 16,199 M | 17,598 M | 19,376 M | 20,440 M | 19,096 M | 19,110 M | 18,284 M | 20,185 M | 22,234 M | 22,476 M |
| Total non-current liabilities | 5,791 M | 8,001 M | 7,216 M | 6,784 M | 7,111 M | 18,206 M | 16,742 M | 14,304 M | 13,716 M | 11,124 M |
| TotalEquityGrossMinority | 7,358 M | 8,441 M | 9,641 M | 9,853 M | 9,832 M | 8,876 M | 10,414 M | 10,687 M | 10,515 M | 10,350 M |
| TotalEquityGrossMinorityInterest | 7,358 M | 8,441 M | 9,641 M | 9,853 M | 9,832 M | 8,876 M | 10,414 M | 10,687 M | 10,515 M | 10,350 M |
| TotalLiabilitiesAndTotalEquityGrossMinorityInterest | 21,312 M | 23,286 M | 25,110 M | 26,243 M | 25,318 M | 34,588 M | 36,320 M | 35,369 M | 36,487 M | 33,750 M |
| TotalNonCurrentLiabilitiesNetMinorityInteres | 5,791 M | 8,001 M | 7,216 M | 6,784 M | 7,111 M | 18,206 M | 16,742 M | 14,304 M | 13,716 M | 11,124 M |
| TotalTaxPayable | 265 M | |||||||||
| Treasury stock | -3,182 M | -4,872 M | -6,462 M | -8,452 M | -10,441 M | -10,875 M | -10,860 M | -10,843 M | -10,823 M | -11,044 M |
| Working capital | -3,050 M | -1,156 M | -2,519 M | -3,803 M | -2,730 M | 7,972 M | 8,872 M | 4,430 M | 1,699 M | -1,002 M |
| debtc | 637 M | 566 M | 348 M | 606 M | 1,172 M | 526 M | 692 M | 267 M | 237 M | 1,958 M |
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