Southwest Airlines Co. (LUV)
NYSE: LUV · Real-Time Price · USD
38.01
-0.19 (-0.50%)
Apr 28, 2026, 4:00 PM EDT - Market closed
Southwest Airlines Co. Cash Flow Statement
Financials in millions USD. Fiscal year is January - December.
Millions USD. Fiscal year is Jan - Dec.
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | 2020 - 2016 |
|---|---|---|---|---|---|---|---|
Period Ending | Mar '26 Mar 31, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 | 2020 - 2016 |
| Net Income | 817 | 441 | 465 | 465 | 539 | 977 | Upgrade
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| Depreciation & Amortization | 1,244 | 1,242 | 1,386 | 1,276 | 1,119 | 1,059 | Upgrade
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| Other Amortization | 318 | 318 | 271 | 246 | 232 | 213 | Upgrade
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| Loss (Gain) From Sale of Assets | - | -3 | -92 | - | - | - | Upgrade
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| Asset Writedown & Restructuring Costs | 8 | 8 | - | - | 35 | 12 | Upgrade
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| Loss (Gain) From Sale of Investments | - | - | - | - | 4 | - | Upgrade
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| Other Operating Activities | 323 | 249 | 18 | -72 | 378 | 161 | Upgrade
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| Change in Accounts Receivable | -99 | 51 | 19 | -89 | 422 | -701 | Upgrade
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| Change in Accounts Payable | 265 | 218 | -1,363 | 1,386 | 936 | 38 | Upgrade
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| Change in Unearned Revenue | -652 | -1,078 | -37 | 29 | 525 | 591 | Upgrade
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| Change in Other Net Operating Assets | 176 | 396 | -205 | -77 | -400 | -28 | Upgrade
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| Operating Cash Flow | 2,400 | 1,842 | 462 | 3,164 | 3,790 | 2,322 | Upgrade
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| Operating Cash Flow Growth | 68.30% | 298.70% | -85.40% | -16.52% | 63.22% | - | Upgrade
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| Capital Expenditures | -2,776 | -2,673 | -2,054 | -3,520 | -3,946 | -511 | Upgrade
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| Investment in Securities | 120 | 1,223 | 981 | 621 | 200 | -753 | Upgrade
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| Other Investing Activities | -7 | 21 | 812 | -33 | - | - | Upgrade
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| Investing Cash Flow | -2,497 | -1,429 | -261 | -2,932 | -3,746 | -1,264 | Upgrade
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| Long-Term Debt Issued | - | 1,500 | - | - | - | 1,136 | Upgrade
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| Total Debt Issued | 2,000 | 1,500 | - | - | - | 1,136 | Upgrade
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| Long-Term Debt Repaid | - | -3,275 | -1,337 | -85 | -3,085 | -905 | Upgrade
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| Total Debt Repaid | -3,276 | -3,275 | -1,337 | -85 | -3,085 | -905 | Upgrade
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| Net Debt Issued (Repaid) | -1,276 | -1,775 | -1,337 | -85 | -3,085 | 231 | Upgrade
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| Issuance of Common Stock | 58 | 59 | 60 | 48 | 45 | 51 | Upgrade
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| Repurchase of Common Stock | -3,050 | -2,550 | -250 | - | - | - | Upgrade
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| Common Dividends Paid | -385 | -399 | -430 | -428 | - | - | Upgrade
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| Other Financing Activities | -56 | -26 | -23 | 29 | 8 | 77 | Upgrade
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| Financing Cash Flow | -4,709 | -4,691 | -1,980 | -436 | -3,032 | 359 | Upgrade
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| Net Cash Flow | -4,806 | -4,278 | -1,779 | -204 | -2,988 | 1,417 | Upgrade
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| Free Cash Flow | -376 | -831 | -1,592 | -356 | -156 | 1,811 | Upgrade
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| Free Cash Flow Margin | -1.30% | -2.96% | -5.79% | -1.36% | -0.66% | 11.47% | Upgrade
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| Free Cash Flow Per Share | -0.70 | -1.49 | -2.48 | -0.56 | -0.24 | 2.97 | Upgrade
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| Cash Interest Paid | 98 | 108 | 220 | 228 | 305 | 336 | Upgrade
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| Cash Income Tax Paid | - | -1 | -21 | -87 | 20 | 445 | Upgrade
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| Levered Free Cash Flow | -372.38 | -683.88 | -2,077 | 22.25 | -412.88 | 643 | Upgrade
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| Unlevered Free Cash Flow | -297.38 | -613.25 | -1,943 | 169.75 | -224.75 | 912.38 | Upgrade
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| Change in Working Capital | -310 | -413 | -1,586 | 1,249 | 1,483 | -100 | Upgrade
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Source: S&P Capital IQ. Standard template. Financial Sources.