The latest financial statement is for the year ending 2025-12-31.
| Cash Flow | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Net income | 441 | 465 | 465 | 539 |
| Depreciation and amortization | 1,560 | 1,657 | 1,522 | 1,351 |
| Impairment of long-lived assets | -8 | 0 | 0 | -35 |
| Unrealized mark-to-market adjustment on available for sale securities | - | 0 | 4 | -4 |
| Unrealized mark-to-market adjustment on forward contract | 8 | 0 | 0 | 2 |
| Deferred income taxes | -122 | -132 | -159 | -228 |
| Gain on sale-leaseback transactions | 3 | 92 | - | 0 |
| Loss on extinguishment of debt | - | -2 | 0 | -193 |
| Accounts and other receivables | -51 | -19 | 89 | -422 |
| Other assets | -407 | 8 | -60 | 66 |
| Accounts payable and accrued liabilities | 218 | -1,363 | 1,386 | 936 |
| Air traffic liability | -1,078 | -37 | 29 | 525 |
| Other liabilities | -11 | -197 | -137 | -334 |
| Cash collateral provided to derivative counterparties | -22 | -28 | -56 | -69 |
| Other, net | 157 | -88 | -171 | 28 |
| Net cash provided by operating activities | 1,842 | 462 | 3,164 | 3,790 |
| Capital expenditures, net | 2,673 | 2,054 | 3,520 | 3,924 |
| Supplier proceeds | - | - | - | 0 |
| Proceeds from sale-leaseback transactions | 24 | 871 | - | 0 |
| Assets constructed for others | - | 26 | 33 | 22 |
| Purchases of short-term investments | 470 | 5,014 | 6,970 | 5,592 |
| Proceeds from sales of short-term and other investments | 1,693 | 5,995 | 7,591 | 5,792 |
| Other, net | -3 | -33 | - | - |
| Net cash used in investing activities | -1,429 | -261 | -2,932 | -3,746 |
| Issuance of common stock | - | - | - | 0 |
| Proceeds from issuance of long-term debt | 1,500 | - | - | 0 |
| Proceeds from term loan credit facility | - | - | - | 0 |
| Proceeds from revolving credit facility | - | - | - | 0 |
| Proceeds from convertible notes | - | - | - | 0 |
| Proceeds from payroll support program loan and warrants | - | - | 0 | 0 |
| Payroll support program stock warrants repurchase | 0 | 6 | - | - |
| Proceeds from employee stock plans | 59 | 60 | 48 | 45 |
| Repurchase of common stock | 2,550 | 250 | - | 0 |
| Payments of long-term debt and finance lease obligations | 3,275 | 1,337 | 85 | 2,437 |
| Payments of term loan credit facility | - | - | - | 0 |
| Payments of revolving credit facility | - | - | - | 0 |
| Payments of cash dividends | 399 | 430 | 428 | 0 |
| Proceeds of terminated interest rate derivative instruments | - | 0 | -23 | 0 |
| Payments for repurchases and conversions of convertible debt | - | 0 | 0 | 648 |
| Capitalized financing items | - | - | - | 0 |
| Proceeds of terminated interest rate derivative instruments | 0 | - | - | - |
| Other, net | -26 | -17 | 6 | 8 |
| Net cash used in financing activities | -4,691 | -1,980 | -436 | -3,032 |
| Net change in cash and cash equivalents | -4,278 | -1,779 | -204 | -2,988 |
| Cash and cash equivalents at beginning of period | 7,509 | 9,288 | 9,492 | 12,480 |
| Cash and cash equivalents at end of period | 3,231 | 7,509 | 9,288 | 9,492 |
SOUTHWEST AIRLINES CO (LUV)
SOUTHWEST AIRLINES CO (LUV)