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	3.38B	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	8.72B	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	3.99B	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	9.76B	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	2.85B	2.85B	2.70B	218.00M	207.00M	208.00M	223.00M	4.37B	3.70B	3.47B	4.16B	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	N/A	3.73B	2.39B	1.93B	3.03B	2.85B	-234.00M	-162.00M	-556.00M	-309.00M	32.00M	181.00M	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	4.12B	2.23B	1.28B	623.00M	693.00M	988.00M	262.00M	449.00M	791.00M	934.00M	820.00M	554.00M	483.00M	417.34M	631.12M	1.02B	781.58M	683.61M	524.24M	350.83M	313.53M	316.71M
Other Expenses / Income	409.00M	-289.00M	-396.00M	-440.00M	N/A	-42.00M	-142.00M	-72.00M	-637.00M	-409.00M	-69.00M	62.00M	-370.00M	-243.00M	-98.00M	-171.00M	267.00M	-144.00M	54.00M	-65.00M	225.00M	51.68M	196.54M	-4.00M	-8.39M	21.50M	-7.28M	-9.47M	-8.43M	-17.21M
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	167.00M	165.00M	130.00M	119.00M	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
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	793.44M	782.50M	775.00M	1.00B	762.91M	745.24M	753.97M	747.29M	739.64M	766.16M	730.40M	747.08M
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	806.67M	823.68M	808.70M	1.00B	811.34M	792.41M	805.08M	792.86M	766.06M	779.13M	730.40M	747.08M
EBITDA	2.39B	2.38B	3.03B	-2.70B	4.23B	4.42B	4.52B	4.67B	4.56B	2.88B	2.21B	1.66B	1.22B	1.52B	945.00M	982.00M	1.73B	1.45B	1.19B	-3.29B	763.00M	-3.04B	948.95M	1.30B	-1.92B	-1.73B	-1.89B	-1.95B	-701.80M	-576.70M
EBITDA Margin	9.16%	9.99%	19.18%	-29.83%	18.86%	20.14%	21.35%	22.86%	23.03%	15.50%	12.49%	9.69%	7.79%	12.57%	9.13%	8.91%	17.56%	15.95%	15.74%	-50.37%	12.85%	-54.96%	17.08%	23.07%	-40.52%	-41.53%	-49.52%	-57.29%	-24.43%	-22.25%
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	912.00M	329.00M	408.00M	1.18B	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%	7.53%	3.18%	3.70%	11.94%	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