Southwest Airlines Company

Industrials · Airlines

41.60$ -1.0% vs. previous close Closing price · As of: Sep 30, 2026

Statements

Balance Sheet

Southwest Airlines Company (LUV) by the numbers: income statement, balance sheet and cash flow, by year or by quarter. In the most recent period (2025), "Total Assets" came in at 29,061 million USD. Tick rows to compare them in a chart.

Income Statement Balance Sheet Cash Flow Ratios

Annual Quarterly

Amounts Change % Common size %

Last 12 Full history

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All figures in millions of USD.

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Balance Sheet LUV
Line item	1996	1997	1998	1999	2000	2001	2002	2003	2004	2005	2006	2007	2008	2009	2010	2011	2012	2013	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Total Assets	3,723	4,246	4,716	5,654	6,670	8,997	8,954	9,693	11,337	14,003	13,460	16,772	14,068	14,269	15,463	18,068	18,596	19,345	19,723	21,312	23,286	25,110	26,243	25,895	34,588	36,320	35,369	36,487	33,750	29,061
Current Assets	751	806	574	631	832	2,520	2,232	2,313	2,172	3,620	2,601	4,443	2,893	3,358	4,279	4,345	4,218	4,456	4,268	4,024	4,498	4,815	5,028	5,974	15,173	18,036	14,808	13,955	11,274	5,645
Cash	582	623	379	419	523	2,280	1,815	1,865	1,305	2,280	1,390	2,213	1,368	1,114	1,261	829	1,113	1,355	1,282	1,583	1,680	1,495	1,854	2,548	11,063	12,480	9,492	9,288	7,509	2,831
Cash & Short-Term Investments	582	623	379	419	523	2,280	1,815	1,865	1,305	2,531	1,759	2,779	1,803	2,593	3,538	3,144	2,970	3,152	2,988	3,051	3,305	3,273	3,689	4,072	13,334	15,504	12,292	11,474	8,725	3,231
Receivables	73	77	89	75	138	71	175	132	248	258	241	279	209	169	195	299	332	419	365	474	546	662	568	1,086	1,130	1,357	1,040	1,154	1,110	1,149
Inventory	51	52	50	65	81	71	86	93	137	150	181	259	203	221	243	401	469	467	342	311	337	420	461	529	414	537	790	807	800	775
Property, Plant & Equipment	–	–	–	–	5,820	6,445	6,645	7,443	8,723	9,427	10,094	10,874	11,040	10,634	10,578	12,127	12,766	13,389	14,292	15,601	17,044	18,539	19,525	17,025	15,831	16,432	18,736	20,598	20,425	21,334
Goodwill	–	–	–	–	–	–	–	–	–	–	–	–	–	0.0	0.0	970	970	970	970	970	970	970	970	970	970	970	970	970	970	970
Intangible Assets	–	–	–	–	–	–	–	–	34	–	–	–	–	0.0	0.0	155	138	166	363	464	426	413	399	296	295	295	296	296	300	296
Total Liabilities	2,075	2,237	2,318	2,816	3,218	4,983	4,532	4,826	5,813	7,543	7,011	9,831	9,355	8,803	9,226	11,191	11,621	12,009	13,289	13,954	14,845	14,680	16,390	16,063	25,712	25,906	24,682	25,972	23,400	21,080
Current Liabilities	765	869	851	960	1,298	2,239	1,434	1,723	2,142	3,848	2,887	4,838	2,806	2,676	3,305	4,533	4,650	5,676	5,923	7,406	6,844	6,905	7,905	8,952	7,506	9,164	10,378	12,256	12,276	10,921
Short-Term Debt	12	121	12	7.9	109	515	131	206	146	601	122	41	163	190	505	644	271	629	258	637	566	348	606	1,172	526	692	309	237	1,958	636
Accounts Payable	214	161	157	267	313	505	362	405	420	524	643	759	668	746	739	1,057	174	189	123	1,188	138	186	263	304	111	156	277	265	339	389
Long-Term Debt	–	–	–	–	761	1,327	1,553	1,332	1,700	1,394	1,567	2,050	3,498	3,325	2,875	3,107	2,883	2,191	2,434	2,541	2,821	3,320	2,771	1,846	10,111	10,274	8,046	7,978	5,069	4,577
Shareholders' Equity	1,648	2,009	2,398	2,836	3,451	4,014	4,422	5,052	5,524	6,675	6,449	6,941	4,953	5,466	6,237	6,877	6,966	7,336	6,775	7,358	8,441	10,430	9,853	9,832	8,876	10,414	10,687	10,515	10,350	7,981
Retained Earnings	1,322	1,632	2,045	2,386	2,902	3,228	3,455	3,883	4,089	4,557	4,307	4,788	4,919	4,983	5,399	5,395	5,768	6,431	7,416	9,409	11,418	14,621	15,967	17,945	14,777	15,774	16,261	16,297	16,332	16,388
Shares Outstanding	779	766	793	805	792	811	1,004	809	824	807	818	768	739	741	747	775	757	718	696	669	633	603	574	539	565	609	642	640	643	558

Data as of: September 30, 2026 · Source: fundamental data & SEC filings (annual and quarterly reports, 10-K/10-Q)

Note: pure fact-based analysis, not investment advice and not a solicitation to buy or sell. All figures without guarantee.

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