Southwest Airlines Co

NYSE : LUV

$39.50−1.36%

Financials

Balance sheet · full history

USD in millions · per-share amounts unscaled. Each period shows the value from the latest filing that prints it.

Reported line item	Dec 31, 2018Balance date	Dec 31, 2019Balance date	Dec 31, 2020Balance date	Dec 31, 2021Balance date	Dec 31, 2022Balance date	Dec 31, 2023Balance date	Dec 31, 2024Balance date	Dec 31, 2025Balance date

Balance sheet, full reported history for 0000092380. USD in millions · per-share amounts unscaled. Each period shows the value from the latest filing that prints it.
Reported line item	Dec 31, 2018	Dec 31, 2019	Dec 31, 2020	Dec 31, 2021	Dec 31, 2022	Dec 31, 2023	Dec 31, 2024	Dec 31, 2025
Cash and cash equivalents	1,854	2,548	11,063	12,480	9,492	9,288	7,509	3,231
Short-term investments	1,835	1,524	2,271	3,024	2,800	2,186	1,216	0
Accounts and other receivables	568	1,086	1,130	1,357	1,040	1,154	1,110	1,149
Inventories of parts and supplies, at cost	461	529	414	537	790	807	800	775
Prepaid expenses and other current assets	310	287	295	638	686	520	639	490
Total current assets	5,028	5,974	15,173	18,036	14,808	13,955	11,274	5,645
Flight equipment	21,753	21,629	20,877	21,226	23,725	26,060	25,202	26,293
Ground property and equipment	4,960	5,672	6,083	6,342	6,855	7,460	8,244	9,163
Deposits on flight equipment purchase contracts	775	248	305	0	376	236	413	401
Assets constructed for others	1,768	164	309	6	28	62	88	88
Property and equipment, at cost	29,256	27,713	27,574	27,574	30,984	33,818	33,947	35,945
Less allowance for depreciation and amortization	9,731	10,688	11,743	12,732	13,642	14,443	14,891	15,700
Property and equipment, net	19,525	17,025	15,831	14,842	17,342	19,375	19,056	20,245
Goodwill	970	970	970	970	970	970	970	970
Operating lease right-of-use assets	0	1,349	1,892	1,590	1,394	1,223	1,369	1,089
Other assets	720	577	722	882	855	964	1,081	1,112
Total assets	26,243	25,895	34,588	36,320	35,369	36,487	33,750	29,061
Accounts payable	1,416	1,574	931	1,282	2,004	1,862	1,818	1,991
Accrued liabilities	1,749	1,749	2,259	1,624	2,043	3,606	2,206	2,349
Current operating lease liabilities	0	353	306	239	225	208	328	312
Air traffic liability	4,134	4,457	3,790	5,566	6,064	6,551	6,294	5,945
Current maturities of long-term debt	606	819	220	453	42	29	1,630	324
Total current liabilities	7,905	8,952	7,506	9,164	10,378	12,256	12,276	10,921
Long-term debt less current maturities	2,771	1,846	10,111	10,274	8,046	7,978	5,069	4,577
Air traffic liability - noncurrent		1,053	3,343	2,159	2,186	1,728	1,948	1,219
Air traffic liablity - noncurrentno longer reported	936	1,053
Deferred income taxes	2,427	2,364	1,634	1,770	1,985	2,044	2,167	2,289
Noncurrent operating lease liabilities	0	978	1,562	1,315	1,118	985	1,031	768
Construction obligationno longer reported	1,701	164	309	0
Other noncurrent liabilities	650	706	1,247	1,224	969	981	909	1,306
Common stock, $1.00 par value: 2,000,000,000 shares authorized; 888,111,634 shares issued in 2025 and 2024	808	808	888	888	888	888	888	888
Capital in excess of par value	1,510	1,581	4,191	4,224	4,037	4,153	4,199	4,322
Retained earnings	15,967	17,945	14,777	15,774	16,261	16,297	16,332	16,388
Accumulated other comprehensive loss	20	(61)	(105)	388	344	0	(25)	(24)
Treasury stock, at cost: 372,530,238 and 294,797,959 shares in 2025 and 2024, respectively					(10,843)	(10,823)	(11,044)	(13,593)
Treasury stock, at cost: 294,111,813 and 295,991,525 shares in 2022 and 2021, respectivelyno longer reported	(8,452)	(10,441)	(10,875)	(10,860)	(10,843)
Total stockholders' equity	9,853	9,832	8,876	10,414	10,687	10,515	10,350	7,981
Total liabilities and stockholders' equity	26,243	25,895	34,588	36,320	35,369	36,487	33,750	29,061
Common stock, par value (in dollars per share)no longer reported		1.00	1.00
Common stock, shares authorized (in shares)no longer reported		2,000	2,000
Common stock, shares issued (in shares)no longer reported		807.61	888.11
Treasury stock, at cost: shares (in shares)no longer reported		288.55	297.64

History starts FY2018, the period ended Dec 31, 2018 — the earliest period our structured-data source covers, not the company’s first year.

42 reported lines · 8 periods · values taken from the latest filing that prints each period.

italic8 from an earlier filing than the rest of the column.
no longer reported7 lines the filer stopped printing.
— the filer printed the line and left the period empty. An empty cell means the line was not printed at all; it is never a zero.

294 of 294 values link to the exact element in the filer’s own document.

Every line and every caption is the company’s own. Each period carries the value from the latest filing that prints it, which is why a restated period shows the restated number with the figure as first reported kept underneath.

Nothing on this table is computed by us: no fourth quarter, no growth rate, no margin. Marks describe the filer’s own restatements.