$28.2 B

LUV Mkt cap, 14-Dec-2018

$5.6 B

Southwest Airlines Revenue Q3, 2018
Southwest Airlines Net income (Q3, 2018)615 M
Southwest Airlines EBIT (Q3, 2018)798 M
Southwest Airlines Cash, 30-Sep-20182.1 B
Southwest Airlines EV26.4 B

Southwest Airlines Revenue Breakdown

Embed Graph

Southwest Airlines revenue breakdown by business segment: 91.0% from Passenger and 9.0% from Other

Southwest Airlines Income Statement

Annual

USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Revenue

17.7b18.6b19.8b20.4b21.2b

Revenue growth, %

4%5%7%3%4%

Cost of goods sold

13.8b

Gross profit

7.4b

Gross profit Margin, %

35%

Operating expense total

16.4b16.4b15.7b16.7b2.7b

Depreciation and amortization

867.0m938.0m1.0b1.2b1.2b

EBIT

1.3b2.2b4.1b3.8b3.5b

EBIT margin, %

7%12%21%18%17%

Interest expense

131.0m130.0m121.0m122.0m114.0m

Interest income

6.0m7.0m9.0m24.0m35.0m

Pre tax profit

1.2b1.8b3.5b3.5b3.3b

Income tax expense

455.0m680.0m1.3b1.3b(237.0m)

Net Income

754.0m1.1b2.2b2.2b3.5b

Southwest Airlines Balance Sheet

Annual

USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Cash

1.4b1.3b1.6b1.7b1.5b

Accounts Receivable

419.0m365.0m474.0m546.0m

Prepaid Expenses

250.0m232.0m188.0m310.0m

Inventories

467.0m342.0m311.0m337.0m

Current Assets

4.5b3.9b4.0b4.5b4.8b

PP&E

13.4b14.3b15.6b17.0b18.5b

Goodwill

970.0m970.0m970.0m970.0m970.0m

Total Assets

19.3b19.7b21.3b23.3b25.1b

Accounts Payable

1.2b1.2b1.2b1.2b1.3b

Short-term debt

629.0m258.0m637.0m566.0m348.0m

Current Liabilities

5.7b5.9b7.4b6.8b6.9b

Long-term debt

2.2b2.4b2.5b2.8b

Total Debt

2.8b2.7b3.2b3.4b348.0m

Common Stock

808.0m808.0m808.0m808.0m

Additional Paid-in Capital

1.2b1.3b1.4b1.4b1.5b

Retained Earnings

6.4b7.4b9.4b11.4b14.6b

Total Equity

7.3b6.8b7.4b8.4b10.4b

Debt to Equity Ratio

0.4 x0.4 x0.4 x0.4 x0 x

Debt to Assets Ratio

0.1 x0.1 x0.1 x0.1 x0 x

Financial Leverage

2.6 x2.9 x2.9 x2.8 x2.4 x

Quarterly

USDQ1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018

Cash

1.7b1.9b1.8b2.0b1.8b1.7b2.4b2.0b2.0b1.9b1.5b1.5b1.8b2.1b2.1b

Accounts Receivable

499.0m462.0m465.0m511.0m524.0m848.0m585.0m576.0m579.0m

Prepaid Expenses

270.0m255.0m239.0m192.0m202.0m214.0m235.0m250.0m223.0m

Inventories

304.0m326.0m308.0m289.0m328.0m331.0m356.0m365.0m438.0m

Current Assets

4.8b5.3b5.0b5.0b4.6b4.6b4.6b4.5b4.8b4.7b4.3b4.3b4.8b5.4b5.6b

PP&E

13.4b13.7b14.0b14.6b14.9b14.9b16.0b16.3b16.5b17.3b17.7b18.2b18.8b19.1b19.3b

Goodwill

970.0m970.0m970.0m970.0m970.0m970.0m970.0m970.0m970.0m970.0m970.0m970.0m970.0m970.0m970.0m

Total Assets

20.0b20.9b20.5b21.2b21.1b21.2b22.2b22.4b23.0b23.8b23.9b24.2b25.5b26.5b26.9b

Accounts Payable

1.3b1.3b1.2b1.1b1.1b1.2b1.2b1.2b1.0b1.2b1.2b1.1b1.2b1.3b1.2b

Short-term debt

607.0m271.0m276.0m287.0m953.0m963.0m972.0m285.0m307.0m316.0m365.0m365.0m346.0m

Current Liabilities

6.4b7.0b6.4b6.9b6.9b7.1b8.3b7.8b7.8b7.5b7.1b7.0b7.2b7.7b7.8b

Long-term debt

2.4b2.4b2.4b2.4b2.4b2.3b2.8b2.8b2.8b

Total Debt

607.0m2.7b2.7b2.7b3.3b3.4b3.3b3.1b3.1b3.1b365.0m365.0m346.0m

Common Stock

808.0m808.0m808.0m808.0m808.0m808.0m808.0m808.0m808.0m808.0m808.0m808.0m808.0m808.0m808.0m

Additional Paid-in Capital

1.3b1.3b1.3b1.3b1.3b1.3b1.4b1.4b1.4b1.4b1.4b1.4b1.5b1.5b1.5b

Retained Earnings

6.6b7.0b7.3b7.8b8.4b8.9b9.9b10.6b11.0b11.7b12.4b12.8b14.2b14.9b15.4b

Total Equity

7.2b7.5b7.4b6.9b7.2b7.0b7.5b7.8b8.0b8.2b8.5b8.8b9.6b10.0b10.2b

Debt to Equity Ratio

0.4 x0.4 x0.4 x0.4 x0.4 x0.4 x0.4 x0.4 x0.3 x0 x0 x

Debt to Assets Ratio

0.1 x0.1 x0.1 x0.1 x0.1 x0.1 x0.1 x0.1 x0.1 x0 x0 x

Financial Leverage

2.8 x2.8 x2.8 x3.1 x2.9 x3 x3 x2.9 x2.9 x2.9 x2.8 x2.8 x2.7 x2.6 x2.6 x

Southwest Airlines Cash Flow

Annual

USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Net Income

754.0m1.1b2.2b2.2b3.5b

Depreciation and Amortization

867.0m938.0m1.0b1.2b1.2b

Accounts Receivable

(17.0m)54.0m(88.0m)(50.0m)

Accounts Payable

343.0m36.0m961.0m226.0m246.0m

Cash From Operating Activities

2.5b2.9b3.2b4.3b3.9b

Cash From Investing Activities

(1.4b)(1.7b)(1.9b)(2.3b)(2.4b)

Long-term Borrowings

(313.0m)(561.0m)(213.0m)(591.0m)

Dividends Paid

(71.0m)(139.0m)(180.0m)(222.0m)

Cash From Financing Activities

(851.0m)(1.2b)(1.0b)(1.9b)(1.7b)

Net Change in Cash

242.0m(73.0m)301.0m97.0m

Interest Paid

133.0m128.0m105.0m100.0m

Income Taxes Paid

346.0m155.0m1.4b902.0m992.0m

Free Cash Flow

1.0b1.2b1.2b2.3b1.8b

Southwest Airlines Ratios

USDY, 2018

EV/EBIT

33.1 x

EV/CFO

20.8 x

EV/FCF

32.3 x

Financial Leverage

2.6 x
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Southwest Airlines Employee Rating

4.31806 votes
Culture & Values
4.3
Work/Life Balance
4.0
Senior Management
3.8
Salary & Benefits
4.3
Career Opportunities
4.2
Source