Southwest airlines co. (LUV)
CashFlow / Yearly
Dec'19Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12Dec'11Dec'10Dec'09Dec'08Dec'07
CASH FLOWS FROM OPERATING ACTIVITIES:
Net Income (Loss) Attributable to Parent

2,300

2,465

3,357

2,183

2,181

1,136

754

421

178

459

99

178

645

Adjustments to reconcile net income to cash provided by (used in) operating activities:
Depreciation and amortization

1,219

1,201

1,218

1,221

1,015

938

867

844

715

628

616

599

-555

Loss on asset impairment

-

-

-

21

0

0

-

-

-

-

-

-

-

Aircraft grounding charge

0

0

63

0

0

-

-

-

-

-

-

-

-

Unrealized/realized (gain) loss on fuel derivative instruments

0

14

50

-200

113

279

5

189

-90

-139

-14

206

-353

Deferred income taxes

55

-301

1,066

-419

109

-501

-50

-251

123

133

72

56

328

Amortization of deferred gains on sale and leaseback of aircraft

-

-

-

-

-

-

-

-

-

14

12

-12

-14

Share-based compensation expense

-

-

-

-

-

-

-

-

-

-

-

-

37

Excess tax benefits from share-based compensation arrangements

-

-

-

-

-

-

-

-

-

-

-

-

-28

Changes in certain assets and liabilities:
Accounts and other receivables

94

-117

102

50

88

-54

17

33

26

26

-40

71

-38

Other assets

-239

227

262

119

-103

-142

46

104

196

8

27

-21

-73

Accounts payable and accrued liabilities

298

545

233

221

961

36

343

186

253

193

59

-98

149

Air traffic liability

440

506

343

227

94

326

400

334

262

153

81

32

131

Other liabilities

-277

0

0

-

-

-

-

-

-

-

-

-

-

Cash collateral received from (provided to) derivative counterparties

25

-15

316

535

-570

-233

57

233

-195

265

-90

-2,240

1,460

Other, net

-108

14

-121

-165

-462

-277

74

121

152

361

-133

-292

46

Net cash provided by (used in) operating activities

3,987

4,893

3,929

4,293

3,238

2,902

2,477

2,064

1,356

1,561

985

-1,521

2,845

CASH FLOWS FROM INVESTING ACTIVITIES:
Capital expenditures

1,027

1,922

2,123

2,038

2,041

1,748

1,433

1,348

968

493

585

-923

1,331

Supplier Proceeds

-400

0

0

-

-

-

-

-

-

-

-

-

-

Assets constructed for others

0

54

126

109

102

80

14

0

-

-

-

-

-

PaymentsToAcquireBusinessesNetOfCashAcquired

-

-

-

-

-

-

-

-

35

0

0

-

-

Purchases of short-term investments

2,122

2,409

2,380

2,388

1,986

3,080

3,135

2,481

5,362

5,624

6,106

-5,886

5,086

Proceeds from sales of short-term and other investments

2,446

2,342

2,221

2,263

2,223

3,185

3,198

2,996

5,343

4,852

5,120

5,831

4,888

Other, net

0

-5

0

0

7

4

0

0

-

-

-2

0

0

Net cash provided by (used in) investing activities

-303

-2,038

-2,408

-2,272

-1,913

-1,727

-1,384

-833

-1,022

-1,265

-1,569

-978

-1,529

CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from issuance of long-term debt

0

0

600

515

500

300

0

0

-

-

455

1,000

500

Proceeds from credit line borrowing

-

-

-

-

-

-

-

-

-

-

83

91

-

Proceeds from sale leaseback transactions

-

-

-

-

-

-

-

-

-

-

381

173

0

Proceeds from revolving credit facility

-

-

-

-

-

-

-

-

-

-

-

400

0

Proceeds from Employee stock plans

40

35

29

29

46

110

96

27

20

55

20

117

139

Reimbursement for assets constructed for others

0

170

126

107

24

27

0

0

-

-

-

-

-

Proceeds from termination of interest rate derivative instrument

-

-

-

-

12

0

0

38

76

0

0

-

-

Proceeds from Convertible Debt

-

-

-

-

-

-

-

-

-

-

0

-

-

Payments of long-term debt and finance lease obligations

615

342

592

523

213

561

313

578

540

155

86

-55

-122

Repayments of Convertible Debt

-

-

-

68

0

0

-

-

81

0

-

-

-

Payment of revolving credit facility

-

-

-

-

-

-

-

-

-

-

400

0

0

Payment of credit line borrowing

-

-

-

-

-

-

-

-

-

44

97

0

0

Payments of cash dividends

372

332

274

222

180

139

71

22

14

13

13

-13

14

Repayment of construction obligation

0

30

10

9

10

11

5

0

0

-

-

-

-

Repurchase of common stock

2,000

2,000

1,600

1,750

1,180

955

540

400

225

0

0

-54

1,001

Excess tax benefits (obligations) from share-based compensation arrangements

-

-

-

-

-

-

-

-

-

-

-

-

28

Other, net

-43

3

15

-3

-23

-19

-18

-12

-2

8

-13

-5

-23

Net cash provided by (used in) financing activities

-2,990

-2,496

-1,706

-1,924

-1,024

-1,248

-851

-947

-766

-149

330

1,654

-493

NET CHANGE IN CASH AND CASH EQUIVALENTS

694

359

-185

97

301

-73

242

284

-432

147

-254

-845

823

CASH PAYMENTS FOR:
Interest, net of amount capitalized

88

107

81

100

105

128

133

153

185

135

152

100

63

Income taxes

779

327

992

902

1,440

155

346

100

13

274

5

71

94

SUPPLEMENTAL DISCLOSURE OF NONCASH TRANSACTIONS
Flight equipment acquired through the assumption of debt

-

-

-

20

0

0

-

-

-

-

-

-

-

Flight equipment under finance leases

1

32

233

307

193

153

26

-

-

-

-

-

-

Assets constructed for others

65

171

197

196

192

88

105

129

116

-

-

-

-

Supplier receivables

428

0

0

-

-

-

-

-

-

-

-

-

-

OtherSignificantNoncashTransactionValueOfConsiderationGiven1

-

-

-

-

-

-

-

-

523

0

0

-

-

DebtConversionConvertedInstrumentAmount1

-

-

-

-

-

-

-

-

78

0

0

-

-