Southwest Airlines Company (LUV)
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Fiscal Year End Date: 12/31
(Values in U.S. thousands)
| 12-2023 | 12-2022 | 12-2021 | 12-2020 | 12-2019 | |
| Cash Flows From Operating Activities | |||||
| Net Income | 465,000 | 539,000 | 977,000 | -3,074,000 | 2,300,000 |
| Depreciation Amortization | 1,522,000 | 1,351,000 | 1,272,000 | 1,255,000 | 1,219,000 |
| Income taxes - deferred | 159,000 | 228,000 | -21,000 | -716,000 | -55,000 |
| Accounts receivable | -89,000 | 422,000 | -701,000 | -294,000 | -94,000 |
| Other Working Capital | 1,193,000 | 1,414,000 | 41,000 | 1,678,000 | 631,000 |
| Other Operating Activity | -86,000 | -164,000 | 754,000 | 24,000 | -14,000 |
| Operating Cash Flow | $3,164,000 | $3,790,000 | $2,322,000 | $-1,127,000 | $3,987,000 |
| Cash Flows From Investing Activities | |||||
| Change In Deposits | 621,000 | 200,000 | -753,000 | -744,000 | 324,000 |
| PPE Investments | -3,520,000 | -3,924,000 | -505,000 | -87,000 | -627,000 |
| Other Investing Activity | -33,000 | -22,000 | -6,000 | 815,000 | 0 |
| Investing Cash Flow | $-2,932,000 | $-3,746,000 | $-1,264,000 | $-16,000 | $-303,000 |
| Cash Flows From Financing Activities | |||||
| Change In Short Term Borrowing | N/A | N/A | N/A | 4,683,000 | 0 |
| Debt Issued | N/A | N/A | N/A | 7,922,000 | 0 |
| Debt Repayment | -85,000 | -3,085,000 | -905,000 | -839,000 | -615,000 |
| Common Stock Issued | 48,000 | 45,000 | 51,000 | 2,342,000 | 40,000 |
| Common Stock Repurchased | N/A | N/A | N/A | -451,000 | -2,000,000 |
| Dividend Paid | -428,000 | N/A | N/A | -188,000 | -372,000 |
| Other Financing Activity | 29,000 | 8,000 | 1,213,000 | -3,811,000 | -43,000 |
| Financing Cash Flow | $-436,000 | $-3,032,000 | $359,000 | $9,658,000 | $-2,990,000 |
| Beginning Cash Position | 9,492,000 | 12,480,000 | 11,063,000 | 2,548,000 | 1,854,000 |
| End Cash Position | 9,288,000 | 9,492,000 | 12,480,000 | 11,063,000 | 2,548,000 |
| Net Cash Flow | $-204,000 | $-2,988,000 | $1,417,000 | $8,515,000 | $694,000 |
| Free Cash Flow | |||||
| Operating Cash Flow | 3,164,000 | 3,790,000 | 2,322,000 | -1,127,000 | 3,987,000 |
| Capital Expenditure | -3,520,000 | -3,924,000 | -505,000 | -515,000 | -1,027,000 |
| Free Cash Flow | -356,000 | -134,000 | 1,817,000 | -1,642,000 | 2,960,000 |