Southwest Airlines

Travel & Transportation airlines aviation fleets

Southwest Airlines Co. operates Southwest Airlines, a major passenger airline that provides point-to-point scheduled air transportation in the United States and near-international markets.

Revenue(FY, 2017)

$21.2 B

Market capitalization(2018-04-18)

$33.5 B

Type

Public

Dallas, US

Founded

1967

Size (employees)

56,100 (est)

Website

southwest.com

Southwest Airlines was founded in 1967 and is headquartered in Dallas, US

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Key People/Management at Southwest Airlines

Tom Nealon

President

Michael Van de Ven

Chief Operating Officer

Mark Shaw

Senior Vice President General Counsel and Corporate Secretary

Kathleen Wayton

Senior Vice President and Chief Information Officer

Chris Monroe

Senior Vice President Finance

Alfred Smith

Senior Vice President Operations

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Southwest Airlines Office Locations

Southwest Airlines has an office in Dallas

Dallas, US (HQ)

2702 Love Field Dr

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Southwest Airlines Financials and Metrics

Southwest Airlines Financials

Southwest Airlines's revenue was reported to be $21.17 b in FY, 2017

Summary

USD
Revenue (FY, 2017)	21.2 b
Net income (FY, 2017)	3.5 b
EBIT (FY, 2017)	3.5 b
Market capitalization (18-Apr-2018)	33.5 b
Cash (31-Dec-2017)	1.5 b
EV	32.4 b

Southwest Airlines's current market capitalization is $33.5 b.

Source: SEC Filings

Income Statement

Annual

USD	FY, 2013	FY, 2014	FY, 2015	FY, 2016	FY, 2017
Revenue	17.7 b	18.6 b	19.8 b	20.4 b	21.2 b
Revenue growth, %	4%	5%	7%	3%
Operating expense total	16.4 b	16.4 b	15.7 b	16.7 b	17.7 b
Depreciation and amortization	867 m	938 m	1 b	1.2 b	1.2 b

Quarterly

USD	Q1, 2015	Q2, 2015	Q3, 2015	Q1, 2016	Q2, 2016	Q3, 2016	Q1, 2017	Q2, 2017	Q3, 2017
Revenue	4.4 b	5.1 b	5.3 b	4.8 b	5.4 b	5.1 b	4.9 b	5.7 b	5.3 b
Operating expense total	3.6 b	4 b	4.1 b	3.9 b	4.1 b	4.4 b	4.2 b	4.5 b	4.4 b
Depreciation and amortization	244 m	250 m	258 m	290 m	299 m	315 m	318 m	319 m	302 m
EBIT	780 m	1.1 b	1.2 b	944 m	1.3 b	695 m	658 m	1.3 b	834 m

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Source: SEC Filings

Balance Sheet

Annual

USD	FY, 2013	FY, 2014	FY, 2015	FY, 2016	FY, 2017
Cash	1.4 b	1.3 b	1.6 b	1.7 b	1.5 b
Accounts Receivable	419 m	365 m	474 m	546 m
Prepaid Expenses	250 m	232 m	188 m	310 m
Inventories	467 m	342 m	311 m	337 m

Quarterly

USD	Q1, 2015	Q2, 2015	Q3, 2015	Q1, 2016	Q2, 2016	Q3, 2016	Q1, 2017	Q2, 2017	Q3, 2017
Cash	2 b	1.8 b	1.7 b	2.4 b	2 b	2 b	1.9 b	1.5 b	1.5 b
Accounts Receivable	499 m	462 m	465 m	511 m	524 m	848 m	585 m	576 m	579 m
Prepaid Expenses	270 m	255 m	239 m	192 m	202 m	214 m	235 m	250 m	223 m
Inventories	304 m	326 m	308 m	289 m	328 m	331 m	356 m	365 m	438 m

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Cash Flow

Annual

USD	FY, 2013	FY, 2014	FY, 2015	FY, 2016	FY, 2017
Net Income	754 m	1.1 b	2.2 b	2.2 b	3.5 b
Depreciation and Amortization	867 m	938 m	1 b	1.2 b	1.2 b
Accounts Payable	343 m	36 m	961 m	226 m	246 m
Cash From Operating Activities	2.5 b	2.9 b	3.2 b	4.3 b	3.9 b

Quarterly

USD	Q1, 2015	Q2, 2015	Q3, 2015	Q1, 2016	Q2, 2016	Q3, 2016	Q1, 2017	Q2, 2017	Q3, 2017
Net Income	453 m	1.1 b	1.6 b	513 m	1.3 b	1.7 b	351 m	1.1 b	1.6 b
Depreciation and Amortization	244 m	494 m	751 m	290 m	588 m	903 m	318 m	637 m	939 m
Accounts Payable	177 m	43 m	424 m	313 m	25 m	272 m	93 m	(245 m)	(156 m)
Cash From Operating Activities	1.5 b	2.1 b	2.9 b	1.6 b	2.7 b	3.6 b	1.6 b	2.4 b	3.4 b

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Ratios

USD	Y, 2017
EV/EBIT	9.2 x
EV/CFO	8.2 x
EV/FCF	17.9 x
Revenue/Employee	385.8 k
Financial Leverage	2.4 x

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Southwest Airlines Operating Metrics

	FY, 2013	FY, 2014	Q1, 2015	Q2, 2015	Q3, 2015	FY, 2015	Q1, 2016	Q2, 2016	Q3, 2016	FY, 2016	Q1, 2017	Q2, 2017	Q3, 2017
Fuel Gallons Consumed	1.82 b	1.80 b	434 m	493 m	493 m	1.90 b	472 m	513 m	513 m	2 b	487 m	535 m	521 m
Passenger Load Factor	80.1%	82.5%	80.1%	84.6%	85.4%	83.6%	80.5%	85.6%	85.3%	84%	79.9%	85.6%	84.8%
Passenger Revenue per Available Seat Mile	$0.13	$0.13	$0.13	$0.13	$0.13	$0.13	$0.12	$0.13	$0.12	$0.13	$0.12	$0.13	$0.12
Passengers	108.08 m	110.50 m	26.44 m	30.80 m	30.56 m	118.17 m	28.60 m	32.34 m	31.77 m	124.72 m	29.54 m	33.99 m	33.03 m

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Southwest Airlines Acquisitions / Subsidiaries

Acquired Company	Date	Deal Size
AirTran Airways 717 Leasing Corporation
Southwest Jet Fuel Co.
Triple Crown Insurance Co. Ltd.
AirTran Holdings LLC
AirTran Airways, Inc.
AirTran Risk Management Inc.
AirTran Airways	September 28, 2010
Morris Air	December 14, 1993
TranStar Airlines	June 25, 1985