Southwest Airlines
Balance Sheet
Last updated:
The balance sheet is a financial statement presenting the value of assets, liabilities and equity of a company. How has Southwest Airlines's balance sheet done over the years? Its assets were worth $36,487,000,000 last year, which is more than in the previous period. 71% of Southwest Airlines’s total assets is currently financed by debt. Its liabilities reached the amount of $25,972,000,000, which means an increase by 5% compared compared to last year.
Debt to Assets
| 2014 | 20064000000 | 13.28B | 66.23% |
|---|---|---|---|
| 2015 | 21312000000 | 13.95B | 65.47% |
| 2016 | 23286000000 | 14.84B | 63.75% |
| 2017 | 25110000000 | 14.68B | 58.46% |
| 2018 | 26243000000 | 16.39B | 62.45% |
| 2019 | 25895000000 | 16.06B | 62.03% |
| 2020 | 34588000000 | 25.71B | 74.34% |
| 2021 | 36320000000 | 25.90B | 71.33% |
| 2022 | 35369000000 | 24.68B | 69.78% |
| 2023 | 36487000000 | 25.97B | 71.18% |
LUV Balance Sheet (2014 – 2023)
| 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|
Assets | ||||||||||
Current assets: | ||||||||||
Cash and cash equivalents | 9.28B | 9.49B | 12.48B | 11.06B | 2.54B | 1.85B | 1.49B | 1.68B | 1.58B | 1.28B |
Short term investments | 2.18B | 2.8B | 3.02B | 2.27B | 1.52B | 1.83B | 1.77B | 1.62B | 1.46B | 1.70B |
Net receivables | 1.15B | 1.04B | 1.35B | 1.13B | 1.08B | 568M | 662M | 546M | 474M | 365M |
Inventory | 807M | 790M | 537M | 414M | 529M | 461M | 420M | 337M | 311M | 342M |
Other current assets | 520M | 686M | 638M | 295M | 287M | 310M | 920M | 310M | 376M | 941M |
Total current assets | 13.95B | 14.80B | 18.03B | 15.17B | 5.97B | 5.02B | 4.81B | 4.49B | 4.02B | 4.26B |
Non-current assets: | ||||||||||
Property, Plant and Equipment | 20.59B | 18.73B | 16.43B | 17.72B | 18.37B | 19.52B | 18.53B | 17.04B | 15.60B | 14.29B |
Goodwill | 970M | 970M | 970M | 970M | 970M | 970M | 970M | 970M | 970M | 970M |
Intangible assets | 296M | 296M | 295M | 295M | 296M | 399M | 413M | 426M | 464M | 363M |
Long term investments | 280M | 235M | -1.77B | -1.63B | -2.36B | -2.42B | -2.35B | -3.37B | 40M | 35M |
Other non-current assets | 388M | -1.36B | 882M | 722M | 577M | 720M | 786M | 774M | -1.81B | 22M |
Total non-current assets | 22.53B | 20.56B | 18.28B | 19.41B | 19.92B | 21.21B | 20.29B | 18.78B | 17.28B | 15.79B |
Total assets | 36.48B | 35.36B | 36.32B | 34.58B | 25.89B | 26.24B | 25.11B | 23.28B | 21.31B | 20.06B |
Liabilities | ||||||||||
| Current liabilities: | ||||||||||
Accounts payable | ||||||||||
Deferred revenue | 6.55B | 6.06B | 5.56B | 3.79B | 4.45B | 4.13B | 3.46B | 3.11B | 2.99B | 2.89B |
Short term debt | 474M | 267M | 692M | 526M | 1.17B | 606M | 348M | 566M | 637M | 258M |
Total current liabilities | 12.25B | 10.37B | 9.16B | 7.50B | 8.95B | 7.90B | 6.90B | 6.84B | 7.40B | 5.92B |
| Non-current liabilities: | ||||||||||
Long term debt | 10.02B | 9.16B | 11.58B | 11.67B | 2.82B | 2.77B | 3.40B | 2.82B | 2.70B | 2.62B |
Deferred tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Other non-current liabilities | 1.29B | 969M | 1.22B | 1.55B | 870M | 2.35B | 1.77B | 1.77B | 1.13B | 1.38B |
Total non-current liabilities | 13.71B | 14.30B | 16.74B | 18.20B | 7.11B | 8.48B | 7.77B | 8.00B | 6.54B | 7.36B |
Total liabilities | 25.97B | 24.68B | 25.90B | 25.71B | 16.06B | 16.39B | 14.68B | 14.84B | 13.95B | 13.28B |
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