| Cash Flow | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-09-30 |
|---|---|---|---|---|
| Net income | 118 | 64 | -149 | 204 |
| Depreciation and amortization | 1,189 | 795 | 396 | 1,250 |
| Unrealized mark-to-market adjustment on available for sale securities | - | - | - | 0 |
| Impairment of long-lived assets | 8 | 8 | - | - |
| Unrealized/realized loss on fuel derivative instruments | 0 | 0 | 0 | -17 |
| Deferred income taxes | -37 | -23 | 43 | -62 |
| Gain on sale-leaseback transactions | 3 | 3 | 3 | - |
| Accounts and other receivables | -64 | -146 | -57 | 80 |
| Other assets | -359 | -357 | -145 | -4 |
| Accounts payable and accrued liabilities | -209 | -220 | -126 | -1,668 |
| Air traffic liability | -117 | 55 | 660 | 421 |
| Other liabilities | -19 | -35 | -63 | -136 |
| Cash collateral provided to derivative counterparties | -22 | -22 | -22 | -28 |
| Other, net | 142 | 93 | 8 | -60 |
| Net cash provided by (used in) operating activities | 1,547 | 1,261 | 860 | -14 |
| Capital expenditures | 1,814 | 1,136 | 501 | 1,594 |
| Assets constructed for others | 0 | 0 | 0 | 26 |
| Proceeds from sale-leaseback transactions | 23 | 24 | 24 | - |
| Purchases of short-term investments | 470 | 370 | 51 | 3,845 |
| Proceeds from sales of short-term and other investments | 1,577 | 1,226 | 1,154 | 5,160 |
| Other, net | -3 | -3 | -3 | -29 |
| Net cash provided by (used in) investing activities | -687 | -259 | 623 | -334 |
| Payroll support program stock warrants repurchase | 0 | 0 | - | 6 |
| Proceeds from employee stock plans | 46 | 32 | 17 | 46 |
| Repurchase of common stock | 2,500 | 2,250 | 750 | - |
| Payments of long-term debt and finance lease obligations | 2,603 | 2,598 | 5 | 27 |
| Payments of cash dividends | 399 | 210 | 107 | 431 |
| Other, net | -11 | -10 | -13 | -19 |
| Net cash used in financing activities | -5,467 | -5,036 | -858 | -437 |
| Net change in cash and cash equivalents | -4,607 | -4,034 | 625 | -785 |
| Cash and cash equivalents at beginning of period | - | 7,509 | 7,509 | 9,288 |
| Cash and cash equivalents at end of period | 2,902 | 3,475 | 8,134 | 8,503 |
SOUTHWEST AIRLINES CO (LUV)
SOUTHWEST AIRLINES CO (LUV)