Southwest Airlines Co. Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Year	2023	2022	2021	2020	2019	2018 - 1992
Revenue	26,091	23,814	15,790	9,048	22,428	Upgrade
Revenue Growth (YoY)	9.56%	50.82%	74.51%	-59.66%	2.11%	Upgrade
Cost of Revenue	9,194	8,335	5,620	3,839	6,933	Upgrade
Gross Profit	16,897	15,479	10,170	5,209	15,495	Upgrade
Selling, General & Admin	11,152	9,376	7,743	6,811	8,293	Upgrade
Other Operating Expenses	5,521	5,086	706	2,214	4,245	Upgrade
Operating Expenses	16,673	14,462	8,449	9,025	12,538	Upgrade
Operating Income	224	1,017	1,721	-3,816	2,957	Upgrade
Interest Expense / Income	259	340	467	349	118	Upgrade
Other Expense / Income	-668	-51	-71	91	-118	Upgrade
Pretax Income	633	728	1,325	-4,256	2,957	Upgrade
Income Tax	168	189	348	-1,182	657	Upgrade
Net Income	465	539	977	-3,074	2,300	Upgrade
Net Income Growth	-13.73%	-44.83%	-	-	-6.69%	Upgrade
Shares Outstanding (Basic)	596	594	592	590	526	Upgrade
Shares Change	0.40%	0.31%	0.28%	12.16%	-8.31%	Upgrade
EPS (Basic)	0.78	0.91	1.65	-5.44	4.28	Upgrade
EPS (Diluted)	0.76	0.87	1.61	-5.44	4.27	Upgrade
EPS Growth	-12.64%	-45.96%	-	-	-0.47%	Upgrade
Free Cash Flow	-356	-134	1,817	-1,642	2,960	Upgrade
Free Cash Flow Per Share	-0.60	-0.23	3.07	-2.78	5.62	Upgrade
Dividend Per Share	0.900	-	-	0.180	0.700	Upgrade
Dividend Growth	-	-	-	-74.29%	15.70%	Upgrade
Gross Margin	64.76%	65.00%	64.41%	57.57%	69.09%	Upgrade
Operating Margin	0.86%	4.27%	10.90%	-42.18%	13.18%	Upgrade
Profit Margin	1.78%	2.26%	6.19%	-33.97%	10.26%	Upgrade
Free Cash Flow Margin	-1.36%	-0.56%	11.51%	-18.15%	13.20%	Upgrade
Effective Tax Rate	26.54%	25.96%	26.26%	-	22.22%	Upgrade
EBITDA	2,414	2,419	3,064	-2,652	4,294	Upgrade
EBITDA Margin	9.25%	10.16%	19.40%	-29.31%	19.15%	Upgrade
Depreciation & Amortization	1,522	1,351	1,272	1,255	1,219	Upgrade
EBIT	892	1,068	1,792	-3,907	3,075	Upgrade
EBIT Margin	3.42%	4.48%	11.35%	-43.18%	13.71%	Upgrade

Source: Financials are provided by Nasdaq Data Link and sourced from the audited annual (10-K) and quarterly (10-Q) reports submitted to the Securities and Exchange Commission (SEC).