LUV
Income statement / Annual
Last year (2023), Southwest Airlines Co.'s total revenue was $26.09 B,
an increase of 9.56% from the previous year.
In 2023, Southwest Airlines Co.'s net income was $465.00 M.
See Southwest Airlines Co.’s key income statements, including revenue, expenses, profit, and income.
| Period |
FY-2023
|
FY-2022
|
FY-2021
|
FY-2020
|
FY-2019
|
FY-2018
|
FY-2017
|
FY-2016
|
FY-2015
|
FY-2014
|
| Period Ended |
12/31/2023 |
12/31/2022 |
12/31/2021 |
12/31/2020 |
12/31/2019 |
12/31/2018 |
12/31/2017 |
12/31/2016 |
12/31/2015 |
12/31/2014 |
| Operating Revenue |
$26.09 B
|
$23.81 B
|
$15.79 B
|
$9.05 B
|
$22.43 B
|
$21.97 B
|
$21.17 B
|
$20.43 B
|
$19.82 B
|
$18.61 B
|
| Cost of Revenue |
$21.87 B |
$19.06 B |
$11.68 B |
$10.94 B |
$16.45 B |
$15.91 B |
$14.97 B |
$14.15 B |
$13.42 B |
$14.05 B |
| Gross Profit |
$4.22 B |
$4.75 B |
$4.12 B |
-$1.89 B |
$5.98 B |
$6.06 B |
$6.20 B |
$6.27 B |
$6.40 B |
$4.56 B |
| Gross Profit Ratio |
0.16 |
0.2 |
0.26 |
-0.21 |
0.27 |
0.28 |
0.29 |
0.31 |
0.32 |
0.24 |
| Research and Development
Expenses |
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
| General & Administrative
Expenses |
$3.73 B
|
$3.51 B
|
$2.20 B
|
$1.77 B
|
$2.81 B
|
$2.64 B
|
$2.62 B
|
$2.47 B
|
$0.00
|
$0.00
|
| Selling & Marketing
Expenses |
$266.00 M
|
$224.00 M
|
$185.00 M
|
$156.00 M
|
$212.00 M
|
$215.00 M
|
$224.00 M
|
$232.00 M
|
$218.00 M
|
$207.00 M
|
| Selling, General &
Administrative Expenses |
$3.99 B
|
$3.74 B
|
$2.39 B
|
$1.93 B
|
$3.03 B
|
$2.85 B
|
$2.85 B
|
$2.70 B
|
$218.00 M
|
$207.00 M
|
| Other Expenses |
$0.00 |
$3.74 B |
$2.39 B |
$1.93 B |
$3.03 B |
$2.85 B |
-$234.00 M |
-$162.00 M |
-$556.00 M |
-$309.00 M |
| Operating Expenses |
$4.00 B |
$3.74 B |
$2.39 B |
$1.93 B |
$3.03 B |
$2.85 B |
$2.69 B |
$2.51 B |
$2.24 B |
$2.21 B |
| Cost And Expenses |
$25.87 B |
$22.80 B |
$14.07 B |
$12.86 B |
$19.47 B |
$18.76 B |
$17.66 B |
$16.67 B |
$15.67 B |
$16.25 B |
| Interest Income |
$583.00 M |
$217.00 M |
$13.00 M |
$32.00 M |
$90.00 M |
$69.00 M |
$35.00 M |
$24.00 M |
$9.00 M |
$7.00 M |
| Interest Expense |
$236.00 M |
$301.00 M |
$431.00 M |
$314.00 M |
$82.00 M |
$93.00 M |
$65.00 M |
$75.00 M |
$90.00 M |
$107.00 M |
| Depreciation &
Amortization |
$1.52 B
|
$1.35 B
|
$1.27 B
|
$1.26 B
|
$1.22 B
|
$1.20 B
|
$1.22 B
|
$1.22 B
|
$1.02 B
|
$938.00 M
|
| EBITDA |
$2.39 B
|
$2.38 B
|
$3.03 B
|
-$2.70 B
|
$4.23 B
|
$4.42 B
|
$4.52 B
|
$4.67 B
|
$4.56 B
|
$2.88 B
|
| EBITDA Ratio |
0.09 |
0.11 |
0.19 |
-0.3 |
0.19 |
0.2 |
0.21 |
0.24 |
0.23 |
0.16 |
| Operating Income Ratio
|
0.01
|
0.04
|
0.11
|
-0.42
|
0.13
|
0.15
|
0.17
|
0.18
|
0.21
|
0.12
|
| Total Other
Income/Expenses Net |
$409.00 M
|
-$289.00 M
|
-$396.00 M
|
-$440.00 M
|
$0.00
|
-$42.00 M
|
-$142.00 M
|
-$72.00 M
|
-$637.00 M
|
-$409.00 M
|
| Income Before Tax |
$633.00 M |
$728.00 M |
$1.33 B |
-$4.26 B |
$2.96 B |
$3.16 B |
$3.25 B |
$3.55 B |
$3.48 B |
$1.82 B |
| Income Before Tax Ratio
|
0.02
|
0.03
|
0.08
|
-0.47
|
0.13
|
0.14
|
0.15
|
0.17
|
0.18
|
0.1
|
| Income Tax Expense |
$168.00 M |
$189.00 M |
$348.00 M |
-$1.18 B |
$657.00 M |
$699.00 M |
-$237.00 M |
$1.30 B |
$1.30 B |
$680.00 M |
| Net Income |
$465.00 M |
$539.00 M |
$977.00 M |
-$3.07 B |
$2.30 B |
$2.47 B |
$3.49 B |
$2.24 B |
$2.18 B |
$1.14 B |
| Net Income Ratio |
0.02 |
0.02 |
0.06 |
-0.34 |
0.1 |
0.11 |
0.16 |
0.11 |
0.11 |
0.06 |
| EPS |
0.81 |
0.91 |
1.65 |
-5.44 |
4.28 |
4.3 |
5.8 |
3.58 |
3.3 |
1.65 |
| EPS Diluted |
0.76 |
0.84 |
1.6 |
-5.44 |
4.27 |
4.29 |
5.78 |
3.55 |
3.26 |
1.63 |
| Weighted Average Shares
Out |
$595.00 M
|
$593.00 M
|
$592.00 M
|
$565.00 M
|
$538.00 M
|
$573.00 M
|
$601.00 M
|
$627.00 M
|
$661.00 M
|
$687.00 M
|
| Weighted Average Shares
Out Diluted |
$640.00 M
|
$642.00 M
|
$609.00 M
|
$565.00 M
|
$539.00 M
|
$574.00 M
|
$603.00 M
|
$633.00 M
|
$669.00 M
|
$696.00 M
|
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