SOUTHWEST AIRLINES CO. LUV Income Statement

Southwest airlines co. (LUV)

Income statement / TTM

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Dec'10	Sep'10	Jun'10	Mar'10	Dec'09	Sep'09	Jun'09	Mar'09	Dec'08	Sep'08	Jun'08	Mar'08
OPERATING REVENUE:
Operating Revenue
21,513	22,428	22,401	22,337	22,170	21,965	21,519	21,247	21,236	21,146	20,828	20,664	20,317	20,289	20,326	20,505	20,232	19,820	19,471	18,953	18,853	18,605	18,404	18,149	17,781	17,699	17,444	17,208	17,181	17,088	17,024	17,026	16,546	15,658	17,831	16,712	12,577	12,104	8,533	8,007	10,623	10,350	10,372	10,597	10,850	11,023	0	0	0
New Accounting Pronouncement or Change in Accounting Principle, Effect of Adoption, Quantification
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
OPERATING EXPENSES:
Salaries, wages, and benefits
8,171	8,293	8,035	7,945	7,804	7,649	7,581	7,460	7,396	7,305	7,083	7,201	6,977	6,786	6,745	6,535	6,503	6,383	6,115	5,779	5,578	5,434	5,327	5,235	5,127	5,035	4,949	4,867	4,791	4,749	4,698	4,655	4,558	4,371	5,126	4,918	3,794	3,704	4,334	4,305	5,168	3,468	1,781	1,728	1,704	3,340	0	0	0
Fuel and oil
4,202	4,347	4,432	4,547	4,613	4,616	4,484	4,316	4,138	4,076	4,122	4,026	3,905	3,801	3,494	3,489	3,591	3,616	3,986	4,436	4,856	5,293	5,492	5,556	5,620	5,763	5,901	5,979	6,067	6,120	6,108	6,166	6,116	5,644	6,023	5,363	3,837	3,620	3,937	3,837	4,563	3,044	1,771	1,996	2,215	3,713	0	0	0
Aircraft rentals
-	-	-	-	-	-	-	-	-	-	-	-	-	-	233	237	237	238	247	258	274	295	311	332	349	361	362	362	360	355	363	361	350	308	305	258	179	180	227	231	278	186	89	80	71	154	0	0	0
Landing fees and airport rentals
1,369	1,363	1,358	1,350	1,337	1,334	1,334	1,321	1,309	1,292	1,262	1,245	1,222	1,211	1,197	1,193	1,183	1,166	1,148	1,134	1,130	1,111	1,105	1,106	1,103	1,103	1,099	1,087	1,055	1,043	1,046	1,025	1,012	959	1,111	1,064	818	807	913	895	1,074	718	370	345	325	662	0	0	0
Maintenance materials and repairs
1,202	1,223	1,209	1,179	1,143	1,107	1,058	1,038	1,015	1,001	1,002	997	1,026	1,045	1,077	1,078	1,038	1,005	972	961	957	978	971	994	1,039	1,080	1,112	1,141	1,151	1,132	1,101	1,073	1,028	955	1,105	1,029	784	751	891	879	1,069	719	387	393	394	721	0	0	0
Depreciation and amortization
1,233	1,219	1,238	1,231	1,221	1,201	1,149	1,150	1,177	1,218	1,256	1,269	1,249	1,221	1,167	1,110	1,061	1,015	1,003	983	961	938	910	893	878	867	868	864	853	844	813	787	761	715	834	804	629	628	769	770	920	616	316	306	304	599	0	0	0
Acquisition and integration
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	39	79	96	131	126	98	103	91	86	81	198	183	183	206	83	130	134	98	76	0	-	0	0	-	-	-	-	-	-	-	-	-
Other operating expenses
2,994	3,026	3,017	2,994	2,957	2,852	2,786	2,788	2,784	2,847	3,004	2,921	2,813	2,703	2,465	2,379	2,323	2,242	2,210	2,206	2,176	2,205	2,201	2,165	2,151	2,126	2,089	2,066	2,050	2,039	2,009	2,022	1,990	1,879	2,093	1,933	1,463	1,418	1,699	1,661	1,999	1,337	679	706	712	1,385	0	0	0
Operating Costs and Expenses
19,171	19,471	19,289	19,246	19,075	18,759	18,392	18,073	17,819	17,739	17,555	17,541	17,133	16,767	16,385	16,034	15,952	15,704	15,760	15,853	16,063	16,380	16,415	16,384	16,358	16,421	16,461	16,564	16,510	16,465	16,344	16,172	15,945	14,965	16,706	15,457	11,529	11,116	7,957	7,764	10,257	10,088	10,207	10,368	10,539	10,574	0	0	0
OPERATING INCOME (LOSS)
2,342	2,957	3,112	3,091	3,095	3,206	3,127	3,174	3,417	3,407	3,273	3,123	3,184	3,522	3,941	4,471	4,280	4,116	3,711	3,100	2,790	2,225	1,989	1,765	1,423	1,278	983	644	671	623	680	854	601	693	1,124	1,254	1,048	988	576	243	366	262	165	229	311	449	0	0	0
OTHER EXPENSES (INCOME):
Interest expense
115	118	125	128	130	131	128	123	117	114	113	116	121	122	122	122	119	121	124	124	129	130	132	136	135	131	131	131	136	147	163	178	191	194	227	220	169	167	219	224	271	186	86	73	58	130	0	0	0
Capitalized interest
32	36	37	36	37	38	39	45	48	49	52	49	47	47	43	40	36	31	26	23	22	23	26	24	26	24	54	45	31	21	-20	-18	-14	-12	-16	-18	-16	-18	-27	-27	-32	-21	-9	-10	-11	-25	0	0	0
Interest income
84	90	92	89	80	69	58	47	40	35	31	28	26	24	21	17	13	9	6	6	6	7	7	6	6	6	6	7	7	7	8	7	9	10	21	22	18	12	14	9	6	13	-9	-13	-15	-26	0	0	0
Other Nonoperating Income (Expense)
-34	-8	-25	-30	-24	-18	-122	-123	-171	-112	124	69	156	-21	-299	-507	-638	-556	-685	-479	-394	-309	-42	83	39	32	121	72	57	181	271	-144	31	-198	-473	-55	-169	-106	114	103	81	54	86	353	31	92	0	0	0
Total other expenses (income)
-33	0	-5	-17	-29	-42	-43	-44	-82	-142	-32	-96	-18	-72	-357	-572	-708	-637	-777	-574	-495	-409	-141	-23	-64	-69	18	-29	-51	62	136	-297	-137	-370	-735	-307	-376	-243	-85	-20	-4	-98	154	403	63	171	0	0	0
INCOME (LOSS) BEFORE INCOME TAXES
2,309	2,957	3,107	3,074	3,066	3,164	3,084	3,130	3,335	3,265	3,241	3,027	3,166	3,450	3,584	3,899	3,572	3,479	2,934	2,526	2,295	1,816	1,848	1,742	1,359	1,209	1,001	615	620	685	816	557	464	323	462	1,020	746	745	533	181	288	164	-103	-288	134	278	0	0	0
Income Tax Expense (Benefit)
490	657	666	677	677	699	-474	-341	-146	-92	1,169	1,095	1,157	1,267	1,327	1,446	1,331	1,298	1,099	946	858	680	690	654	512	455	380	237	238	264	322	219	193	145	193	406	293	286	202	71	87	65	-30	-111	81	100	0	0	0
NET INCOME (LOSS)
1,819	2,300	2,441	2,397	2,389	2,465	3,558	3,471	3,481	3,357	2,072	1,932	2,009	2,183	2,257	2,453	2,241	2,181	1,835	1,580	1,437	1,136	1,158	1,088	847	754	621	378	382	421	494	338	271	178	268	613	453	459	331	110	201	99	-73	-177	53	178	0	0	0
NET INCOME (LOSS) PER SHARE, BASIC
-0.18	0.97	1.24	1.37	0.70	1.16	1.08	1.27	0.79	2.92	0.88	1.23	0.55	-	0.63	1.30	0.80	0.83	0.89	0.91	0.67	0.28	0.48	0.67	0.22	0.30	0.37	0.31	0.08	0.11	0.02	0.30	0.13	0.19	-0.18	0.21	0.01	0.19	0.27	0.15	0.01	0.15	-0.02	0.12	-0.12	-0.09	-0.16	0.44	0.05
NET INCOME (LOSS) PER SHARE, DILUTED
-0.18	0.97	1.23	1.37	0.70	1.15	1.08	1.27	0.79	2.91	0.88	1.23	0.55	-	0.62	1.28	0.79	0.83	0.88	0.90	0.66	0.27	0.48	0.67	0.22	0.29	0.37	0.31	0.08	0.11	0.02	0.30	0.13	0.19	-0.18	0.21	0.01	0.18	0.27	0.15	0.01	0.15	-0.02	0.12	-0.12	-0.09	-0.16	0.44	0.05
COMPREHENSIVE INCOME (LOSS)
0	-	0	0	0	-	0	0	0	-	0	0	0	-	0	0	0	-	0	0	0	-	0	0	0	-	0	0	0	-	0	0	0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
BASIC WEIGHTED AVERAGE SHARES OUTSTANDING
Basic
515	-	533	542	551	-	569	578	587	-	597	604	613	-	618	632	641	-	655	665	674	-	683	690	698	-	703	714	725	-	739	757	771	-	792	780	748	1,494	746	0	743	-	742	741	740	-	0	0	733
DILUTED WEIGHTED AVERAGE SHARES OUTSTANDING
Diluted
515	-	534	542	552	-	569	579	588	-	598	605	614	-	625	639	648	-	663	673	682	-	691	698	707	-	711	722	727	-	740	764	772	-	792	787	749	1,496	747	0	744	-	742	741	740	-	0	0	734
Cash dividends declared per common share
-	-	-	-	-	-	-	-	-	-	0.12	0.12	0.10	-	0.10	0.10	0.07	0.07	0.07	0.07	0.06	0.06	0.06	0.06	0.04	0.04	0.04	0.04	0.01	0.01	0.01	0.01	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-	0.00	-	-	-	-	-	-
Passenger
Operating Revenue
19,876	20,776	20,780	20,744	20,615	20,455	20,031	19,781	19,802	19,763	19,965	19,690	19,216	19,068	18,525	18,572	18,519	18,299	18,155	18,003	17,903	17,658	17,446	17,188	16,816	16,721	16,462	16,213	16,180	16,093	16,034	16,011	15,556	14,754	16,836	15,834	11,943	11,489	8,111	7,629	10,135	9,892	9,929	10,146	10,387	10,549	0	0	0
Freight
Operating Revenue
169	172	174	175	175	175	174	173	173	173	170	170	171	171	174	176	177	179	180	181	179	175	170	166	165	164	165	163	162	160	155	151	145	139	166	162	126	125	92	89	118	118	124	133	141	145	0	0	0
Other
Operating Revenue
1,468	1,480	1,447	1,418	1,380	1,335	1,314	1,293	1,261	1,210	693	804	930	1,050	1,627	1,585	1,364	1,170	964	769	771	772	788	795	800	814	817	832	839	835	835	864	845	765	828	715	508	490	330	289	370	340	319	318	322	329	0	0	0