Financial Statements

Southwest Airlines Co. (LUV)

$37.73

+1.79 (+4.98%)
Income Statement
Balance Sheet
Cash Flow

Income Statement

All numbers are in thousands

Retained Earning Schedule

Year 2021 2020 2019 2018 2017
Retained Earnings (Previous Year) 14,77717,94515,96714,621-
Net Income 977-3,0742,3002,4653,488
Stock Dividends 209450-78711,407
Dividend Paid --188-372-332-274
Retained Earnings 15,77414,77717,94515,96714,621

PPE Schedule

Year 2021 2020 2019 2018 2017
Gross PPE 17,72318,37419,52518,539-
Annual Depreciation -780-136-1242,96220,788
Capital Expenditure -511-515-1,027-1,976-2,249
Net PPE 16,43217,72318,37419,52518,539

Intangible and Goodwill Schedule

Year 2021 2020 2019 2018 2017
Intangible and Goodwill (Previous Year) -970970970970
New Purchases -2,380-2,409-2,122-5,080-5,824
Intangible and Goodwill 970970970970970

Southwest Airlines Co. income statement is the only one that provides an overview of company sales and net income
The reasoning behind the adjustment, however, is that free cash flow is meant to measure money being spent right now, not transactions that happened in the past. This makes Southwest Airlines Co. FCF a useful instrument for identifying growing companies with high up-front costs, which may eat into earnings now but have the potential to pay off later.