For the year ending 2025-12-31, LUV has $29,061M in assets. $3,231M in cash and cash equivalents.
| Balance Sheets | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Cash and cash equivalents | 3,231 | 7,509 | 9,288 | 9,492 |
| Short-term investments | 0 | 1,216 | 2,186 | 2,800 |
| Accounts and other receivables | 1,149 | 1,110 | 1,154 | 1,040 |
| Inventories of parts and supplies, at cost | 775 | 800 | 807 | 790 |
| Prepaid expenses and other current assets | 490 | 639 | 520 | 686 |
| Total current assets | 5,645 | 11,274 | 13,955 | 14,808 |
| Flight equipment | 26,293 | 25,202 | 26,060 | 23,725 |
| Ground property and equipment | 9,163 | 8,244 | 7,460 | 6,855 |
| Deposits on flight equipment purchase contracts | 401 | 413 | 236 | 376 |
| Assets constructed for others | 88 | 88 | 62 | 28 |
| Property and equipment, at cost | 35,945 | 33,947 | 33,818 | 30,984 |
| Less allowance for depreciation and amortization | 15,700 | 14,891 | 14,443 | 13,642 |
| Property and equipment, net | 20,245 | 19,056 | 19,375 | 17,342 |
| Goodwill | 970 | 970 | 970 | 970 |
| Operating lease right-of-use assets | 1,089 | 1,369 | 1,223 | 1,394 |
| Other assets | 1,112 | 1,081 | 964 | 855 |
| Total assets | 29,061 | 33,750 | 36,487 | 35,369 |
| Accounts payable | 1,991 | 1,818 | 1,862 | 2,004 |
| Accrued liabilities | 2,349 | 2,206 | 3,606 | 2,043 |
| Current operating lease liabilities | 312 | 328 | 208 | 225 |
| Air traffic liability | 5,945 | 6,294 | 6,551 | 6,064 |
| Current maturities of long-term debt | 324 | 1,630 | 29 | 42 |
| Total current liabilities | 10,921 | 12,276 | 12,256 | 10,378 |
| Long-term debt less current maturities | 4,577 | 5,069 | 7,978 | 8,046 |
| Air traffic liability - noncurrent | 1,219 | 1,948 | 1,728 | 2,186 |
| Deferred income taxes | 2,289 | 2,167 | 2,044 | 1,985 |
| Noncurrent operating lease liabilities | 768 | 1,031 | 985 | 1,118 |
| Other noncurrent liabilities | 1,306 | 909 | 981 | 969 |
| Common stock, 1.00 par value 2,000,000,000 shares authorized 888,111,634 shares issued in 2025 and 2024 | 888 | 888 | 888 | 888 |
| Capital in excess of par value | 4,322 | 4,199 | 4,153 | 4,037 |
| Retained earnings | 16,388 | 16,332 | 16,297 | 16,261 |
| Accumulated other comprehensive loss | -24 | -25 | 0 | 344 |
| Treasury stock, at cost 294,111,813 and 295,991,525 shares in 2022 and 2021, respectively | - | - | - | 10,843 |
| Treasury stock, at cost 372,530,238 and 294,797,959 shares in 2025 and 2024, respectively | 13,593 | 11,044 | 10,823 | - |
| Total stockholders' equity | 7,981 | 10,350 | 10,515 | 10,687 |
| Total liabilities and stockholders' equity | 29,061 | 33,750 | 36,487 | 35,369 |
SOUTHWEST AIRLINES CO (LUV)
SOUTHWEST AIRLINES CO (LUV)