| Balance Sheets | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 |
|---|---|---|---|---|
| Cash and cash equivalents | 3,328 | 3,231 | 2,902 | 3,475 |
| Short-term investments | NaN | 0 | 116 | 364 |
| Accounts and other receivables | 1,254 | 1,149 | 1,118 | 1,013 |
| Inventories of parts and supplies, at cost | 833 | 775 | 792 | 773 |
| Prepaid expenses and other current assets | 554 | 490 | 467 | 467 |
| Total current assets | 5,969 | 5,645 | 5,395 | 6,092 |
| Flight equipment | 26,254 | 26,293 | 26,009 | 25,858 |
| Ground property and equipment | 9,317 | 9,163 | 8,776 | 8,656 |
| Deposits on flight equipment purchase contracts | 494 | 401 | 402 | 221 |
| Assets constructed for others | 88 | 88 | 88 | 88 |
| Property and equipment, at cost | 36,153 | 35,945 | 35,275 | 34,823 |
| Less allowance for depreciation and amortization | 15,777 | 15,700 | 15,570 | 15,422 |
| Property and equipment, net | 20,376 | 20,245 | 19,705 | 19,401 |
| Goodwill | 970 | 970 | 970 | 970 |
| Operating lease right-of-use assets | 1,019 | 1,089 | 1,169 | 1,243 |
| Other assets | 1,021 | 1,112 | 1,073 | 1,006 |
| Total assets | 29,355 | 29,061 | 28,312 | 28,712 |
| Accounts payable | 2,114 | 1,991 | 1,708 | 1,811 |
| Accrued liabilities | 2,170 | 2,349 | 2,091 | 2,040 |
| Current operating lease liabilities | 300 | 312 | 310 | 323 |
| Air traffic liability | 7,049 | 5,945 | 6,862 | 6,696 |
| Current maturities of long-term debt | 851 | 324 | 23 | 22 |
| Total current liabilities | 12,484 | 10,921 | 10,994 | 10,892 |
| Long-term debt less current maturities | 4,536 | 4,577 | 4,079 | 4,081 |
| Air traffic liability - noncurrent | 1,201 | 1,219 | 1,263 | 1,600 |
| Deferred income taxes | 2,353 | 2,289 | 2,210 | 2,186 |
| Noncurrent operating lease liabilities | 709 | 768 | 846 | 915 |
| Other noncurrent liabilities | 1,197 | 1,306 | 1,144 | 1,038 |
| Common stock | 888 | 888 | 888 | 888 |
| Capital in excess of par value | 4,260 | 4,322 | 4,283 | 4,247 |
| Retained earnings | 16,526 | 16,388 | 16,158 | 16,199 |
| Accumulated other comprehensive loss | -1 | -24 | -6 | -35 |
| Treasury stock, at cost | 14,798 | 13,593 | 13,547 | 13,299 |
| Total stockholders' equity | 6,875 | 7,981 | 7,776 | 8,000 |
| Total liabilities and stockholders' equity | 29,355 | 29,061 | 28,312 | 28,712 |
SOUTHWEST AIRLINES CO (LUV)
SOUTHWEST AIRLINES CO (LUV)