LUV | Southwest Airlines Co. Stock Financials Income Statements Annual

(Stock Exchange: NYSE)

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Financial Year End	2023-12-31	2022-12-31	2021-12-31	2020-12-31	2019-12-31	2018-12-31	2017-12-31	2016-12-31	2015-12-31	2014-12-31	2013-12-31	2012-12-31	2011-12-31	2010-12-31	2009-12-31	2008-12-31	2007-12-31	2006-12-31	2005-12-31	2004-12-31	2003-12-31	2002-12-31	2001-12-31	2000-12-31	1999-12-31	1998-12-31	1997-12-31	1996-12-31	1995-12-31	1994-12-31
Revenue	26.09B	23.81B	15.79B	9.05B	22.43B	21.96B	21.17B	20.43B	19.82B	18.61B	17.70B	17.09B	15.66B	12.10B	10.35B	11.02B	9.86B	9.09B	7.58B	6.53B	5.94B	5.52B	5.56B	5.65B	4.74B	4.16B	3.82B	3.41B	2.87B	2.59B
Cost of Revenue	21.87B	19.06B	11.68B	10.94B	16.45B	15.91B	14.97B	14.15B	13.42B	14.05B	14.21B	14.24B	7.87B	5.36B	2.86B	3.62B	6.02B	5.24B	4.21B	3.69B	3.35B	3.23B	3.15B	2.97B	2.54B	2.23B	2.20B	2.11B	1.75B	1.53B
Gross Profit	4.22B	4.75B	4.12B	-1.89B	5.98B	6.06B	6.20B	6.27B	6.40B	4.56B	3.49B	2.85B	7.79B	6.75B	7.49B	7.41B	3.84B	3.85B	3.37B	2.84B	2.58B	2.29B	2.41B	2.68B	2.20B	1.94B	1.61B	1.30B	1.12B	1.07B
Operating Expenses	4.00B	3.73B	2.39B	1.93B	3.03B	2.85B	2.69B	2.51B	2.24B	2.21B	2.13B	2.04B	6.96B	5.76B	5.42B	5.32B	9.79B	8.80B	7.38B	6.56B	6.39B	5.64B	5.43B	5.09B	4.40B	3.90B	3.70B	3.43B	2.89B	2.56B
Selling, General & Admin	3.99B	3.73B	2.39B	1.93B	3.03B	N/A	N/A	N/A	N/A	N/A	N/A	N/A	4.37B	3.70B	3.47B	3.34B	3.93B	3.71B	3.32B	3.03B	2.83B	2.52B	2.36B	2.15B	1.90B	1.86B	1.54B	1.52B	1.32B	1.19B
Research & Development	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Other Operating Expenses	2.00M	3.73B	2.39B	1.93B	3.03B	2.85B	2.69B	2.51B	2.24B	2.21B	2.13B	2.04B	2.59B	2.05B	1.95B	1.98B	5.86B	5.10B	4.06B	3.53B	3.57B	3.11B	3.07B	2.94B	2.50B	2.04B	2.16B	1.91B	1.57B	1.37B
Operating Income	224.00M	1.02B	1.72B	-3.82B	2.96B	3.21B	3.52B	3.76B	4.16B	2.35B	1.36B	806.00M	827.00M	988.00M	2.07B	2.08B	-5.94B	-4.96B	-4.01B	-3.72B	-3.81B	-3.35B	-3.02B	-2.41B	-2.20B	-1.96B	-2.09B	-2.13B	-1.76B	-1.49B
Other Expenses / Income	62.00M	-289.00M	-396.00M	-440.00M	-8.00M	-42.00M	-264.00M	-213.00M	-676.00M	-535.00M	-155.00M	-121.00M	-504.00M	-243.00M	-1.91B	-1.80B	7.00B	5.75B	4.88B	4.21B	4.52B	3.74B	3.85B	3.42B	2.97B	2.67B	2.60B	2.48B	2.07B	1.79B
Before Tax Income	633.00M	728.00M	1.32B	-4.26B	2.96B	3.16B	3.25B	3.55B	3.48B	1.82B	1.21B	685.00M	323.00M	745.00M	164.00M	278.00M	1.06B	790.00M	874.00M	489.00M	708.00M	392.68M	827.66M	1.02B	773.61M	705.11M	516.96M	341.36M	305.14M	299.52M
Income Tax Expenses	168.00M	189.00M	348.00M	-1.18B	657.00M	699.00M	-237.00M	1.30B	1.30B	680.00M	455.00M	264.00M	145.00M	286.00M	65.00M	100.00M	413.00M	291.00M	326.00M	176.00M	266.00M	151.71M	316.51M	392.14M	299.23M	271.68M	199.18M	134.03M	122.51M	120.19M
Net Income	465.00M	539.00M	977.00M	-3.07B	2.30B	2.46B	3.49B	2.24B	2.18B	1.14B	754.00M	421.00M	178.00M	459.00M	99.00M	178.00M	645.00M	499.00M	548.00M	313.00M	442.00M	240.97M	511.15M	603.09M	474.38M	433.43M	317.77M	207.34M	182.63M	179.33M
Interest Expenses	236.00M	301.00M	431.00M	314.00M	82.00M	93.00M	65.00M	75.00M	90.00M	107.00M	107.00M	126.00M	182.00M	149.00M	165.00M	130.00M	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Basic Shares Outstanding	595.00M	593.00M	592.00M	565.00M	538.00M	573.00M	601.00M	627.00M	661.00M	687.00M	710.00M	750.00M	774.00M	746.00M	741.00M	735.00M	758.82M	792.06M	782.86M	782.50M	789.29M	777.32M	762.91M	747.64M	756.99M	750.17M	739.64M	766.16M	751.66M	744.15M
Diluted Shares Outstanding	640.00M	642.00M	609.00M	565.00M	539.00M	574.00M	603.00M	633.00M	669.00M	696.00M	718.00M	757.00M	775.00M	747.00M	741.00M	739.00M	767.86M	818.03M	817.91M	823.68M	818.52M	803.23M	811.34M	793.54M	799.51M	792.86M	766.06M	779.13M	751.66M	757.14M
EBITDA	2.33B	2.57B	3.03B	-2.69B	4.26B	4.46B	4.53B	4.84B	4.58B	2.86B	2.18B	1.66B	1.22B	1.52B	945.00M	1.01B	1.61B	1.30B	1.34B	920.00M	1.09B	748.99M	1.15B	1.28B	1.02B	930.32M	712.52M	524.83M	461.91M	438.57M
EBITDA Margin	8.93%	10.80%	19.18%	-29.70%	18.99%	20.30%	21.42%	23.71%	23.13%	15.38%	12.33%	9.69%	7.79%	12.57%	9.13%	9.14%	16.36%	14.36%	17.71%	14.09%	18.39%	13.56%	20.62%	22.59%	21.59%	22.34%	18.67%	15.41%	16.08%	16.92%
EBIT	869.00M	1.03B	1.76B	-3.94B	3.04B	3.26B	3.32B	3.62B	3.57B	1.92B	1.32B	811.00M	505.00M	894.00M	329.00M	408.00M	1.06B	790.00M	874.00M	489.00M	708.00M	392.68M	827.66M	995.23M	773.61M	705.11M	516.96M	341.36M	305.14M	299.52M
EBIT Margin	3.33%	4.32%	11.12%	-43.57%	13.55%	14.83%	15.66%	17.73%	18.01%	10.34%	7.44%	4.75%	3.23%	7.39%	3.18%	3.70%	10.73%	8.69%	11.52%	7.49%	11.93%	7.11%	14.90%	17.62%	16.34%	16.93%	13.54%	10.02%	10.62%	11.56%
Financial Year End	2023-12-31	2022-12-31	2021-12-31	2020-12-31	2019-12-31	2018-12-31	2017-12-31	2016-12-31	2015-12-31	2014-12-31	2013-12-31	2012-12-31	2011-12-31	2010-12-31	2009-12-31	2008-12-31	2007-12-31	2006-12-31	2005-12-31	2004-12-31	2003-12-31	2002-12-31	2001-12-31	2000-12-31	1999-12-31	1998-12-31	1997-12-31	1996-12-31	1995-12-31	1994-12-31