SOUTHWEST AIRLINES CO
For the period ended Dec 31, 2024. Filed Feb 7, 2025.
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FY2024 · Filed Feb 7, 2025
LUV$46.32+0.0%Stored close · as of Nov 10, 2026
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Southwest Airlines Co. Consolidated Balance Sheet
(in millions, except share data)
| December 31, 2024 | December 31, 2023 | |
|---|---|---|
| ASSETS | ||
| Current assets: | ||
| Cash and cash equivalents | $7,509 | $9,288 |
| Short-term investments | 1,216 | 2,186 |
| Accounts and other receivables | 1,110 | 1,154 |
| Inventories of parts and supplies, at cost | 800 | 807 |
| Prepaid expenses and other current assets | 639 | 520 |
| Total current assets | 11,274 | 13,955 |
| Property and equipment, at cost: | ||
| Flight equipment | 25,202 | 26,060 |
| Ground property and equipment | 8,244 | 7,460 |
| Deposits on flight equipment purchase contracts | 413 | 236 |
| Assets constructed for others | 88 | 62 |
| 33,947 | 33,818 | |
| Less allowance for depreciation and amortization | 14,891 | 14,443 |
| 19,056 | 19,375 | |
| Goodwill | 970 | 970 |
| Operating lease right-of-use assets | 1,369 | 1,223 |
| Other assets | 1,081 | 964 |
| $33,750 | $36,487 | |
| LIABILITIES AND STOCKHOLDERS' EQUITY | ||
| Current liabilities: | ||
| Accounts payable | $1,818 | $1,862 |
| Accrued liabilities | 2,206 | 3,606 |
| Current operating lease liabilities | 328 | 208 |
| Air traffic liability | 6,294 | 6,551 |
| Current maturities of long-term debt | 1,630 | 29 |
| Total current liabilities | 12,276 | 12,256 |
| Long-term debt less current maturities | 5,069 | 7,978 |
| Air traffic liability - noncurrent | 1,948 | 1,728 |
| Deferred income taxes | 2,167 | 2,044 |
| Noncurrent operating lease liabilities | 1,031 | 985 |
| Other noncurrent liabilities | 909 | 981 |
| Stockholders' equity: | ||
| Common stock, $1.00 par value: 2,000,000,000 shares authorized; 888,111,634 shares issued in 2024 and 2023 | 888 | 888 |
| Capital in excess of par value | 4,199 | 4,153 |
| Retained earnings | 16,332 | 16,297 |
| Accumulated other comprehensive income (loss) | (25) | — |
| Treasury stock, at cost: 294,797,959 and 291,599,001 shares in 2024 and 2023, respectively | (11,044) | (10,823) |
| Total stockholders' equity | 10,350 | 10,515 |
| $33,750 | $36,487 | |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.