SOUTHWEST AIRLINES CO
For the period ended Dec 31, 2025. Filed Feb 5, 2026.
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FY2025 · Filed Feb 5, 2026
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15. Supplemental Financial Information
- SUPPLEMENTAL FINANCIAL INFORMATION
| (in millions) | December 31, 2025 | December 31, 2024 |
|---|---|---|
| Trade receivables | $98 | $47 |
| Credit card receivables | 152 | 143 |
| Business partners | 739 | 573 |
| Taxes receivable | 6 | 11 |
| Fuel hedging and receivables | — | 1 |
| Reinsurance receivable and losses recoverable | 89 | 168 |
| Other | 65 | 167 |
| Accounts and other receivables | $1,149 | $1,110 |
| (in millions) | December 31, 2025 | December 31, 2024 |
|---|---|---|
| Derivative contracts | $— | $90 |
| Intangible assets, net | 296 | 300 |
| Equity securities | 457 | 367 |
| Prepaid maintenance | 299 | 263 |
| Other | 60 | 61 |
| Other assets | $1,112 | $1,081 |
| (in millions) | December 31, 2025 | December 31, 2024 |
|---|---|---|
| Accounts payable trade | $389 | $339 |
| Salaries, withholdings and payroll taxes | 563 | 536 |
| Ticket taxes and fees | 333 | 318 |
| Aircraft maintenance payable | 45 | 33 |
| Fuel payable | 157 | 86 |
| Dividends payable | 93 | 107 |
| Third party services | 201 | 176 |
| Other payable | 210 | 223 |
| Accounts payable | $1,991 | $1,818 |
| (in millions) | December 31, 2025 | December 31, 2024 |
|---|---|---|
| Voluntary Separation Program and severance pay | $— | $48 |
| Profit-sharing and savings plans | 157 | 151 |
| Vacation pay | 684 | 657 |
| Health | 206 | 192 |
| Workers compensation | 242 | 178 |
| Property and income taxes | 73 | 53 |
| Interest | 27 | 23 |
| Deferred supplier credits | 24 | — |
| Bonus pay | 147 | 208 |
| Reinsurance payable and losses payable | 175 | 249 |
| Aircraft maintenance | 85 | 92 |
| Advances and deposits | 142 | 69 |
| Other | 387 | 286 |
| Accrued liabilities | $2,349 | $2,206 |
| (in millions) | December 31, 2025 | December 31, 2024 |
|---|---|---|
| Postretirement obligation | 321 | 256 |
| Other deferred compensation | 512 | 412 |
| Deferred co-brand revenue | 429 | 164 |
| Other | 44 | 77 |
| Other noncurrent liabilities | $1,306 | $909 |
For further information on derivative instruments, see Note 10.
Other Operating Expenses
Other operating expenses consist of aircraft rentals, distribution costs, advertising expenses, personnel expenses, professional fees, certain technology-related costs, and 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.