Southwest airlines co. (LUV)
Income statement / Yearly
Dec'19Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12Dec'11Dec'10Dec'09Dec'08Dec'07
OPERATING REVENUE:
Operating Revenue

22,428

21,965

21,146

20,289

19,820

18,605

17,699

17,088

15,658

12,104

10,350

11,023

9,861

New Accounting Pronouncement or Change in Accounting Principle, Effect of Adoption, Quantification

-

-

-

-

172

0

0

-

-

-

-

-

-

OPERATING EXPENSES:
Salaries, wages, and benefits

8,293

7,649

7,305

6,786

6,383

5,434

5,035

4,749

4,371

3,704

3,468

3,340

-3,213

Fuel and oil

4,347

4,616

4,076

3,801

3,616

5,293

5,763

6,120

5,644

3,620

3,044

3,713

-2,690

Aircraft rentals

-

-

-

-

238

295

361

355

308

180

186

154

-156

Landing fees and airport rentals

1,363

1,334

1,292

1,211

1,166

1,111

1,103

1,043

959

807

718

662

-560

Maintenance materials and repairs

1,223

1,107

1,001

1,045

1,005

978

1,080

1,132

955

751

719

721

-616

Depreciation and amortization

1,219

1,201

1,218

1,221

1,015

938

867

844

715

628

616

599

-555

Acquisition and integration

-

-

-

-

39

126

86

183

134

8

0

-

-

Other operating expenses

3,026

2,852

2,847

2,703

2,242

2,205

2,126

2,039

1,879

1,418

1,337

1,385

-1,280

Operating Costs and Expenses

19,471

18,759

17,739

16,767

15,704

16,380

16,421

16,465

14,965

11,116

10,088

10,574

9,070

OPERATING INCOME (LOSS)

2,957

3,206

3,407

3,522

4,116

2,225

1,278

623

693

988

262

449

791

OTHER EXPENSES (INCOME):
Interest expense

118

131

114

122

121

130

131

147

194

167

186

130

-119

Capitalized interest

36

38

49

47

31

23

24

21

-12

-18

-21

-25

50

Interest income

90

69

35

24

9

7

6

7

10

12

13

-26

44

Other Nonoperating Income (Expense)

-8

-18

-112

-21

-556

-309

32

181

-198

-106

54

92

292

Total other expenses (income)

0

-42

-142

-72

-637

-409

-69

62

-370

-243

-98

171

267

INCOME (LOSS) BEFORE INCOME TAXES

2,957

3,164

3,265

3,450

3,479

1,816

1,209

685

323

745

164

278

1,058

Income Tax Expense (Benefit)

657

699

-92

1,267

1,298

680

455

264

145

286

65

100

413

NET INCOME (LOSS)

2,300

2,465

3,357

2,183

2,181

1,136

754

421

178

459

99

178

645

NET INCOME (LOSS) PER SHARE, BASIC

4.28

4.30

5.58

-

3.30

1.65

1.06

0.56

0.23

0.62

0.13

0.24

0.85

NET INCOME (LOSS) PER SHARE, DILUTED

4.27

4.29

5.57

-

3.27

1.64

1.05

0.56

0.23

0.61

0.13

0.24

0.84

BASIC WEIGHTED AVERAGE SHARES OUTSTANDING
Basic

-

-

-

-

-

-

-

-

-

746

-

-

0

DILUTED WEIGHTED AVERAGE SHARES OUTSTANDING
Diluted

-

-

-

-

-

-

-

-

-

747

-

-

0

Cash dividends declared per common share

-

-

-

-

0.28

0.22

0.13

0.03

0.01

0.01

0.01

0.01

-

Passenger
Operating Revenue

20,776

20,455

19,763

19,068

18,299

17,658

16,721

16,093

14,754

11,489

9,892

10,549

9,457

Freight
Operating Revenue

172

175

173

171

179

175

164

160

139

125

118

145

130

Other
Operating Revenue

1,480

1,335

1,210

1,050

1,170

772

814

835

765

490

340

329

274