Southwest airlines co. (LUV)
Balance Sheet / Yearly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11Dec'10Sep'10Jun'10Mar'10Dec'09Sep'09Jun'09Mar'09Dec'08
ASSETS
Current assets:
Cash and cash equivalents

3,940

2,548

2,488

2,446

2,344

1,854

2,104

2,114

1,822

1,495

1,460

1,537

1,851

1,680

1,966

2,040

2,388

1,583

1,740

1,772

2,025

1,282

1,832

1,882

1,741

1,355

1,333

1,489

1,338

1,113

1,168

1,083

1,558

829

1,016

0

2,039

1,261

1,031

989

1,110

1,114

902

946

1,145

1,368

Short-term investments

1,605

1,524

1,528

1,540

1,517

1,835

1,716

1,572

1,421

1,778

1,580

1,615

1,631

1,625

1,480

1,375

1,194

1,468

1,356

1,360

1,413

1,706

1,728

2,112

1,757

1,797

1,995

1,904

1,797

1,857

2,067

2,173

2,226

2,315

2,640

0

2,426

2,277

2,348

2,135

1,663

1,479

1,352

1,252

989

435

Accounts and other receivables

709

1,086

867

777

784

568

784

765

680

662

579

576

585

546

848

524

511

474

465

462

499

365

468

447

457

419

463

514

429

332

430

502

367

299

369

0

282

195

289

277

235

169

225

237

231

209

Inventories of parts and supplies, at cost

518

529

528

510

484

461

483

459

430

420

438

365

356

337

331

328

289

311

308

326

304

342

429

435

438

467

521

461

480

469

544

446

432

401

459

0

320

243

231

226

227

221

196

200

171

203

Deferred income taxes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

465

421

452

-

237

165

180

168

233

287

255

246

219

284

219

263

0

0

0

214

63

252

291

291

365

365

365

365

Prepaid expenses and other current assets

256

287

239

281

354

310

514

498

448

460

223

250

235

310

214

202

192

188

239

255

270

232

291

276

241

250

228

209

215

210

224

203

318

238

110

0

262

89

80

92

95

84

87

94

95

73

Total current assets

7,028

5,974

5,650

5,554

5,483

5,028

5,601

5,408

4,801

4,815

4,280

4,343

4,658

4,498

4,839

4,469

4,574

4,024

4,573

4,596

4,963

3,927

4,985

5,317

4,814

4,456

4,773

4,864

4,514

4,227

4,652

4,691

5,120

4,345

4,594

0

5,329

4,279

4,042

3,971

3,621

3,358

3,127

3,094

2,996

2,653

Property and equipment, at cost:
Flight equipment

21,580

21,629

21,736

21,707

21,666

21,753

21,409

21,084

21,143

21,368

21,004

20,506

20,348

20,275

19,978

19,972

19,735

19,462

19,244

19,148

18,858

18,473

18,019

17,592

17,107

16,937

16,785

16,707

16,643

16,367

16,177

15,952

15,600

15,542

15,451

0

14,090

13,991

13,989

13,923

13,824

13,719

13,761

13,690

13,650

13,722

Ground property and equipment

5,818

5,672

5,446

5,228

5,082

4,960

4,769

4,626

4,506

4,399

4,219

4,085

3,908

3,779

3,600

3,435

3,308

3,219

3,066

2,972

2,899

2,853

2,866

2,792

2,716

2,666

2,963

2,883

2,754

2,383

2,671

2,570

2,507

2,423

2,303

0

2,153

2,122

2,070

2,024

1,965

1,922

1,870

1,849

1,798

1,769

Deposits on flight equipment purchase contracts

305

248

933

818

780

775

820

858

913

919

1,118

1,207

1,208

1,190

1,113

1,184

1,202

1,089

692

658

619

566

601

688

762

764

690

633

594

416

446

420

444

456

229

0

172

230

189

235

234

247

233

204

333

380

Assets constructed for others

198

164

172

144

120

1,768

1,718

1,664

1,607

1,543

1,460

1,404

1,319

1,220

1,150

1,067

986

915

823

745

686

621

570

515

478

453

-

-

-

331

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Property and equipment, at cost

27,901

27,713

28,287

27,897

27,648

29,256

28,716

28,232

28,169

28,229

27,801

27,202

26,783

26,464

25,841

25,658

25,231

24,685

23,825

23,523

23,062

22,513

22,056

21,587

21,063

20,820

20,438

20,223

19,991

19,497

19,294

18,942

18,551

18,421

17,983

0

16,415

16,343

16,248

16,182

16,023

15,888

15,864

15,743

15,781

15,871

Less allowance for depreciation and amortization

10,912

10,688

10,445

10,164

9,875

9,731

9,437

9,166

9,396

9,690

9,645

9,523

9,497

9,420

9,295

9,364

9,267

9,084

8,896

8,663

8,455

8,221

8,091

7,860

7,643

7,431

7,235

7,059

6,861

6,731

6,722

6,600

6,456

6,294

6,149

0

5,919

5,765

5,682

5,555

5,402

5,254

5,166

5,082

4,968

4,831

Property and equipment, net

16,989

17,025

17,842

17,733

17,773

19,525

19,279

19,066

18,773

18,539

18,156

17,679

17,286

17,044

16,546

16,294

15,964

15,601

14,929

14,860

14,607

14,292

13,965

13,727

13,420

13,389

13,203

13,164

13,130

12,766

12,572

12,342

12,095

12,127

11,834

0

10,496

10,578

10,566

10,627

10,621

10,634

10,698

10,661

10,813

11,040

Goodwill

970

970

970

970

970

970

970

970

970

970

970

970

970

970

970

970

970

970

970

970

970

970

970

970

970

970

970

970

970

970

970

970

970

970

970

0

-

0

-

-

-

-

-

-

-

-

Operating lease right-of-use assets

1,278

1,349

1,352

1,424

1,508

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other assets

620

577

653

693

725

720

1,032

1,021

959

786

843

929

849

774

690

714

733

717

687

649

623

534

619

877

772

530

418

384

583

633

619

513

641

626

487

0

589

606

535

389

288

277

275

272

370

375

Total assets

26,885

25,895

26,467

26,374

26,459

26,243

26,882

26,465

25,503

25,110

24,249

23,921

23,763

23,286

23,045

22,447

22,241

21,312

21,159

21,075

21,163

19,723

20,539

20,891

19,976

19,345

19,364

19,382

19,197

18,596

18,813

18,516

18,826

18,068

17,885

0

16,414

15,463

15,143

14,987

14,530

14,269

14,100

14,027

14,179

14,068

LIABILITIES AND STOCKHOLDERS' EQUITY
Current liabilities:
Accounts payable

1,043

1,574

1,274

1,330

1,412

1,416

1,224

1,338

1,243

1,320

1,124

1,217

1,214

1,178

1,021

1,247

1,153

1,188

1,235

1,134

1,145

1,203

1,185

1,292

1,299

1,247

1,134

1,232

1,250

1,107

1,140

1,153

1,208

1,057

1,083

0

916

739

707

787

691

732

694

732

693

668

Accrued liabilities

1,037

1,749

1,456

1,315

1,350

1,749

1,517

1,361

1,134

1,700

1,593

1,561

1,947

1,985

2,146

1,869

2,472

2,591

2,049

1,651

1,874

1,565

1,277

1,645

1,168

1,229

1,172

1,207

1,004

1,102

1,040

1,142

1,024

996

1,193

0

827

863

944

942

657

729

918

1,024

1,016

1,012

Current operating lease liabilities

330

353

332

350

361

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Air traffic liability

5,036

4,457

4,930

4,962

5,029

4,134

4,756

4,652

4,420

3,495

3,932

4,012

4,012

3,115

3,677

3,754

3,675

2,990

3,513

3,815

3,613

2,897

3,377

3,485

3,332

2,571

2,981

3,077

2,877

2,170

2,524

2,528

2,556

1,836

2,058

0

1,710

1,198

1,423

1,486

1,400

1,044

1,214

1,207

1,251

963

Current maturities of long-term debt

2,795

819

637

654

571

606

346

365

365

348

316

307

285

566

972

963

953

637

287

276

271

258

607

605

642

629

259

263

280

271

265

257

259

644

986

0

905

505

113

123

170

190

198

105

163

163

Total current liabilities

10,241

8,952

8,629

8,611

8,723

7,905

7,843

7,716

7,162

6,863

6,965

7,097

7,458

6,844

7,816

7,833

8,253

7,406

7,084

6,876

6,903

5,923

6,446

7,027

6,441

5,676

5,546

5,779

5,411

4,650

4,969

5,080

5,047

4,533

5,320

0

4,358

3,305

3,187

3,338

2,918

2,695

3,024

3,068

3,123

2,806

Long-term debt less current maturities

2,288

1,846

2,398

2,449

2,602

2,771

3,100

3,155

3,227

3,320

2,763

2,788

2,781

2,821

2,323

2,391

2,355

2,541

2,381

2,411

2,416

2,434

2,125

2,153

2,172

2,191

2,616

2,671

2,708

2,883

2,961

3,019

3,048

3,107

3,220

0

2,428

2,875

3,350

3,324

3,305

3,325

3,378

3,278

3,447

3,498

Air traffic liability - noncurrent

1,175

1,053

1,036

1,022

985

936

827

878

1,010

1,070

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred income taxes

2,278

2,364

2,643

2,497

2,480

2,427

2,553

2,414

2,216

2,119

3,697

3,540

3,442

3,374

3,209

2,818

2,609

2,490

3,111

3,290

3,252

2,782

3,360

3,017

2,997

2,934

2,937

2,883

2,904

2,884

2,701

2,563

2,638

2,566

1,856

0

2,496

2,493

2,140

2,192

2,250

2,200

1,947

1,924

1,895

1,904

Construction obligation

198

164

172

144

120

1,701

1,658

1,613

1,563

1,390

1,311

1,258

1,175

1,078

989

903

825

757

684

632

595

554

521

468

450

437

-

-

-

331

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Noncurrent operating lease liabilities

936

978

1,014

1,072

1,150

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred gains from sale and leaseback of aircraft

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

54

57

60

-

66

69

72

75

78

0

85

88

92

95

98

102

125

128

111

105

Other noncurrent liabilities

694

706

644

639

608

650

748

692

706

707

713

708

703

728

661

681

703

760

931

708

1,095

1,255

658

710

726

771

1,198

1,211

1,153

856

1,114

945

924

910

926

0

460

465

424

490

423

493

409

481

675

802

Stockholders' equity:
Common stock

808

808

808

808

808

808

808

808

808

808

808

808

808

808

808

808

808

808

808

808

808

808

808

808

808

808

808

808

808

808

808

808

808

808

808

0

808

808

808

808

808

808

808

808

808

808

Capital in excess of par value

1,582

1,581

1,554

1,534

1,513

1,510

1,485

1,469

1,452

1,451

1,436

1,422

1,419

1,410

1,402

1,383

1,387

1,374

1,330

1,319

1,329

1,315

1,280

1,263

1,256

1,231

1,205

1,201

1,214

1,210

1,228

1,224

1,225

1,222

1,222

0

1,186

1,183

1,225

1,221

1,218

1,216

1,226

1,223

1,219

1,215

Retained earnings

17,757

17,945

17,525

16,962

16,320

15,967

15,402

14,878

14,238

13,832

12,806

12,378

11,708

11,418

10,957

10,631

9,872

9,409

8,922

8,387

7,829

7,416

7,266

6,979

6,555

6,431

6,246

6,015

5,818

5,768

5,700

5,692

5,486

5,395

5,251

0

5,399

5,399

5,273

5,075

4,973

4,971

4,876

4,900

4,819

4,919

Accumulated other comprehensive loss

-186

-61

-63

30

96

20

412

298

78

12

-136

-263

-312

-323

-499

-628

-894

-1,051

-903

-664

-742

-738

-92

111

-12

-3

-114

-248

-111

-119

-125

-320

-57

-224

-513

-0

79

-262

-453

-641

-518

-578

-715

-797

-922

-984

Treasury stock, at cost

10,886

10,441

9,893

9,394

8,946

8,452

7,954

7,456

6,957

6,462

6,114

5,815

5,419

4,872

4,621

4,373

3,677

3,182

3,189

2,692

2,322

2,026

1,833

1,645

1,417

1,131

1,132

995

768

675

609

564

365

324

283

0

-885

891

903

915

945

-963

-978

-986

-996

1,005

Total stockholders' equity

9,075

9,832

9,931

9,940

9,791

9,853

10,153

9,997

9,619

9,641

8,800

8,530

8,204

8,441

8,047

7,821

7,496

7,358

6,968

7,158

6,902

6,775

7,429

7,516

7,190

7,336

7,013

6,781

6,961

6,992

7,002

6,840

7,097

6,877

6,485

0

6,587

6,237

5,950

5,548

5,536

5,454

5,217

5,148

4,928

4,953

Total liabilities and stockholders' equity

26,885

25,895

26,467

26,374

26,459

26,243

26,882

26,465

25,503

25,110

24,249

23,921

23,763

23,286

23,045

22,447

22,241

21,312

21,159

21,075

21,163

19,723

20,539

20,891

19,976

19,345

19,364

19,382

19,197

18,596

18,813

18,516

18,826

18,068

17,885

0

16,414

15,463

15,143

14,987

14,530

14,269

14,100

14,027

14,179

14,068