Southwest Airlines
Income Statement
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Income statement is a financial statement that shows how profitable a business was over a given reporting period presenting its revenue, expenses or net income. Southwest Airlines's past years’ income statements indicate that its last revenue has increased compared to the previous period by 10% to $26,091,000,000. Profit margin reached 2%. Total operating expenses were $3,992,000,000.
Profit Margin
| 2014 | 18.60B | 1.13B | 6.11% |
|---|---|---|---|
| 2015 | 19.82B | 2.18B | 11% |
| 2016 | 20.42B | 2.24B | 10.99% |
| 2017 | 21.17B | 3.48B | 16.48% |
| 2018 | 21.96B | 2.46B | 11.22% |
| 2019 | 22.42B | 2.3B | 10.26% |
| 2020 | 9.04B | -3.07B | -33.97% |
| 2021 | 15.79B | 977M | 6.19% |
| 2022 | 23.81B | 539M | 2.26% |
| 2023 | 26.09B | 465M | 1.78% |
LUV Income Statement (2014 – 2023)
| 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|
Revenue | ||||||||||
Revenue | 26.09B | 23.81B | 15.79B | 9.04B | 22.42B | 21.96B | 21.17B | 20.42B | 19.82B | 18.60B |
Cost of revenue | 21.86B | 19.06B | 11.67B | 10.93B | 16.44B | 15.90B | 14.96B | 14.15B | 13.42B | 14.04B |
Gross profit | 4.22B | 4.75B | 4.11B | -1.89B | 5.98B | 6.05B | 6.20B | 6.27B | 6.39B | 4.55B |
Operating exp. | ||||||||||
Research and development | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Selling and marketing | 266M | 224M | 185M | 156M | 212M | 215M | 224M | 232M | 218M | 207M |
Total operating expenses | 3.99B | 3.73B | 2.39B | 1.92B | 3.02B | 2.85B | 2.68B | 2.51B | 2.24B | 2.20B |
Operating income | 224M | 1.01B | 1.72B | -3.81B | 2.95B | 3.20B | 3.51B | 3.76B | 4.11B | 2.22B |
Other income (expenses), net | 409M | -289M | -396M | -440M | -8M | -42M | -142M | -162M | -637M | -409M |
Income before tax | 633M | 728M | 1.32B | -4.25B | 2.95B | 3.16B | 3.25B | 3.54B | 3.47B | 1.81B |
Income tax expense | 168M | 189M | 348M | -1.18B | 657M | 699M | -237M | 1.30B | 1.29B | 680M |
Net income | 465M | 539M | 977M | -3.07B | 2.3B | 2.46B | 3.48B | 2.24B | 2.18B | 1.13B |
Earnings per share | ||||||||||
Basic EPS | 0.81 | 0.91 | 1.65 | -5.44 | 4.28 | 4.3 | 5.8 | 3.58 | 3.3 | 1.65 |
Diluted EPS | 0.76 | 0.84 | 1.6 | -5.44 | 4.27 | 4.29 | 5.78 | 3.55 | 3.26 | 1.63 |
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