SOUTHWEST AIRLINES CO
For the period ended Mar 31, 2025. Filed Apr 25, 2025.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2025 · Filed Apr 25, 2025
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8. Supplemental Financial Information
| Notes to Condensed Consolidated Financial Statements | Southwest Airlines Co.Notes to Condensed Consolidated Financial Statements(unaudited) |
|---|
- SUPPLEMENTAL FINANCIAL INFORMATION
| (in millions) | March 31, 2025 | December 31, 2024 |
|---|---|---|
| Trade receivables | $47 | $47 |
| Credit card receivables | 192 | 143 |
| Business partners and other suppliers | 622 | 573 |
| Taxes receivable | 11 | 11 |
| Fuel hedging and receivables | — | 1 |
| Reinsurance receivable | 145 | 168 |
| Other | 61 | 167 |
| Accounts and other receivables | $1,078 | $1,110 |
| (in millions) | March 31, 2025 | December 31, 2024 |
|---|---|---|
| Derivative contracts | $71 | $90 |
| Intangible assets, net | 299 | 300 |
| Equity securities | 352 | 367 |
| Prepaid maintenance | 262 | 263 |
| Other | 64 | 61 |
| Other assets | $1,048 | $1,081 |
| (in millions) | March 31, 2025 | December 31, 2024 |
|---|---|---|
| Accounts payable trade | $396 | $339 |
| Salaries, withholdings and payroll taxes | 498 | 536 |
| Ticket taxes and fees | 438 | 318 |
| Aircraft maintenance payable | 47 | 33 |
| Fuel payable | 84 | 86 |
| Dividends payable | 103 | 107 |
| Third party services | 141 | 176 |
| Other payable | 218 | 223 |
| Accounts payable | $1,925 | $1,818 |
| (in millions) | March 31, 2025 | December 31, 2024 |
|---|---|---|
| Voluntary Separation Program and severance pay | $68 | $48 |
| Profit-sharing and savings plans | 38 | 151 |
| Vacation pay | 670 | 657 |
| Health | 188 | 192 |
| Workers compensation | 185 | 178 |
| Property and income taxes | 70 | 53 |
| Interest | 44 | 23 |
| Bonus pay | 77 | 208 |
| Reinsurance payable | 205 | 249 |
| Aircraft maintenance | 109 | 92 |
| Other | 324 | 355 |
| Accrued liabilities | $1,978 | $2,206 |
| Notes to Condensed Consolidated Financial Statements | Southwest Airlines Co.Notes to Condensed Consolidated Financial Statements(unaudited) |
|---|
| (in millions) | March 31, 2025 | December 31, 2024 |
|---|---|---|
| Postretirement obligation | $259 | $256 |
| Other deferred compensation | 403 | 412 |
| Other | 261 | 241 |
| Other noncurrent liabilities | $923 | $909 |
For further information on derivative instruments, see Note 3.
Other Operating Expenses
Other operating expenses consist of aircraft rentals, distribution costs, advertising expenses, personnel expenses, professional fees, and certain technology-related costs, among other operating costs, none of which individually exceeded 10 percent of Total operating expenses.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.