SOUTHWEST AIRLINES CO
For the period ended Sep 30, 2025. Filed Oct 23, 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.
Sep 30, 2025 · Filed Oct 23, 2025
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8. Supplemental Financial Information
- SUPPLEMENTAL FINANCIAL INFORMATION
| (in millions) | September 30, 2025 | December 31, 2024 |
|---|---|---|
| Trade receivables | $52 | $47 |
| Credit card receivables | 199 | 143 |
| Business partners | 736 | 573 |
| Taxes receivable | 10 | 11 |
| Fuel hedging and receivables | — | 1 |
| Reinsurance receivable and losses recoverable | 97 | 168 |
| Other | 24 | 167 |
| Accounts and other receivables | $1,118 | $1,110 |
| (in millions) | September 30, 2025 | December 31, 2024 |
|---|---|---|
| Derivative contracts | $— | $90 |
| Intangible assets, net | 295 | 300 |
| Equity securities | 433 | 367 |
| Prepaid maintenance | 282 | 263 |
| Other | 63 | 61 |
| Other assets | $1,073 | $1,081 |
| (in millions) | September 30, 2025 | December 31, 2024 |
|---|---|---|
| Accounts payable trade | $503 | $339 |
| Salaries, withholdings and payroll taxes | 452 | 536 |
| Ticket taxes and fees | 302 | 318 |
| Aircraft maintenance payable | 43 | 33 |
| Fuel payable | 65 | 86 |
| Dividends payable | — | 107 |
| Third party services | 177 | 176 |
| Other payable | 166 | 223 |
| Accounts payable | $1,708 | $1,818 |
| Notes to Condensed Consolidated Financial Statements | Southwest Airlines Co.Notes to Condensed Consolidated Financial Statements(unaudited) |
|---|
| (in millions) | September 30, 2025 | December 31, 2024 |
|---|---|---|
| Voluntary Separation Program and severance pay | $2 | $48 |
| Profit-sharing and savings plans | 44 | 151 |
| Vacation pay | 682 | 657 |
| Health | 218 | 192 |
| Workers compensation | 225 | 178 |
| Property and income taxes | 69 | 53 |
| Interest | 36 | 23 |
| Deferred supplier credits | 12 | — |
| Bonus pay | 112 | 208 |
| Reinsurance payable and losses payable | 181 | 249 |
| Aircraft maintenance | 138 | 92 |
| Other | 372 | 355 |
| Accrued liabilities | $2,091 | $2,206 |
| (in millions) | September 30, 2025 | December 31, 2024 |
|---|---|---|
| Postretirement obligation | $261 | $256 |
| Other deferred compensation | 487 | 412 |
| Other | 396 | 241 |
| Other noncurrent liabilities | $1,144 | $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.
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