Southwest Historical Income Statement

LUV Stock  USD 29.19  0.08  0.27%   
Historical analysis of Southwest Airlines income statement accounts such as Gross Profit of 3.5 B can show how well Southwest Airlines performed in making a profits. Evaluating Southwest Airlines income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Southwest Airlines's future profits or losses.
 
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Financial Statement Analysis is much more than just reviewing and examining Southwest Airlines latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether Southwest Airlines is a good buy for the upcoming year.
  
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Southwest Airlines. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in employment.
For more information on how to buy Southwest Stock please use our How to Invest in Southwest Airlines guide.

About Southwest Income Statement Analysis

Southwest Airlines Income Statement consists of revenues and expenses along with the resulting net income or loss. It represents the profit for the accounting period attributable to Southwest Airlines shareholders. The income statement also shows Southwest investors and management if the firm made money during the period reported. The result of an income statement is the net income that is calculated after subtracting the expenses from revenue. It is essential to investors both as an absolute measure as well as earnings per share (i.e., EPS).

Southwest Airlines Income Statement Chart

Southwest Airlines Income Statement is one of the three primary financial statements used for reporting Southwest's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of Southwest Airlines revenue and expense. Southwest Airlines Income Statement primarily focuses on the company's revenues and expenses during a particular period.
At this time, Southwest Airlines' Net Income is fairly stable compared to the past year. Income Tax Expense is likely to climb to about 254.6 M in 2024, whereas Operating Income is likely to drop slightly above 212.8 M in 2024.

Total Revenue

Total revenue comprises all receipts Southwest Airlines generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.

Other Operating Expenses

Other Operating Expenses is the expense which generally does not depend on sales or production quantities of Southwest Airlines. It is also known as Southwest Airlines overhead expenses. Typically these expenses include marketing, rent and utilities, office, leases, and other overhead cost. Expenses incurred from non-core business activities, including administrative and general expenses, but excluding costs directly related to production.

Cost Of Revenue

Cost of Revenue is found on Southwest Airlines income statement and represents the costs associated with goods and services Southwest Airlines provides. Indirect cost, such as salaries, is not included. In other words, cost of revenue is the total cost incurred to obtain a sale. It is more than the traditional cost of goods sold, since it includes specific selling and marketing activities.

Total Operating Expenses

The total costs associated with the day-to-day operations of a business, excluding the cost of goods sold but including selling, general, and administrative expenses.
Most accounts from Southwest Airlines' income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Southwest Airlines current financial condition. On the other hand, looking into the entire matrix of income statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Southwest Airlines. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in employment.
For more information on how to buy Southwest Stock please use our How to Invest in Southwest Airlines guide.At this time, Southwest Airlines' Net Income is fairly stable compared to the past year. Income Tax Expense is likely to climb to about 254.6 M in 2024, whereas Operating Income is likely to drop slightly above 212.8 M in 2024.
 2021 2022 2023 2024 (projected)
Total Operating Expenses2.4B3.7B4.0B4.0B
Cost Of Revenue11.7B19.1B21.9B23.0B

Southwest Airlines income statement Correlations

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0.540.16-0.240.33-0.49-0.47-0.340.290.3-0.5-0.27-0.49-0.39-0.51-0.12-0.50.16-0.34-0.57-0.08-0.30.54
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0.27-0.240.60.390.810.830.840.280.570.81-0.090.790.670.540.620.78-0.32-0.150.42-0.070.21-0.14
0.890.330.950.390.130.220.380.970.540.220.230.220.150.230.450.210.06-0.48-0.29-0.170.580.65
0.12-0.490.420.810.130.990.960.150.00.99-0.070.960.820.670.460.96-0.32-0.180.52-0.110.08-0.35
0.16-0.470.490.830.220.990.980.230.051.00.040.970.830.670.490.97-0.24-0.170.53-0.080.18-0.27
0.35-0.340.640.840.380.960.980.40.120.980.040.960.80.660.530.95-0.22-0.310.39-0.170.22-0.14
0.90.290.940.280.970.150.230.40.330.240.260.240.170.260.420.230.1-0.52-0.32-0.20.560.64
0.360.30.490.570.540.00.050.120.330.02-0.020.020.0-0.010.350.01-0.09-0.07-0.040.040.320.33
0.16-0.50.490.810.220.991.00.980.240.020.080.980.830.660.460.97-0.22-0.190.51-0.090.22-0.25
0.04-0.270.19-0.090.23-0.070.040.040.26-0.020.080.11-0.01-0.010.020.110.780.10.090.040.620.32
0.19-0.490.490.790.220.960.970.960.240.020.980.110.690.670.441.0-0.18-0.230.38-0.180.21-0.25
0.06-0.390.390.670.150.820.830.80.170.00.83-0.010.690.490.40.69-0.26-0.050.740.170.18-0.2
0.12-0.510.410.540.230.670.670.660.26-0.010.66-0.010.670.490.420.67-0.31-0.030.31-0.160.17-0.36
0.31-0.120.550.620.450.460.490.530.420.350.460.020.440.40.420.45-0.1-0.050.24-0.050.230.12
0.18-0.50.480.780.210.960.970.950.230.010.970.111.00.690.670.45-0.18-0.220.38-0.180.2-0.26
0.050.16-0.04-0.320.06-0.32-0.24-0.220.1-0.09-0.220.78-0.18-0.26-0.31-0.1-0.180.17-0.09-0.090.080.22
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-0.54-0.57-0.110.42-0.290.520.530.39-0.32-0.040.510.090.380.740.310.240.38-0.090.580.560.08-0.44
-0.47-0.08-0.18-0.07-0.17-0.11-0.08-0.17-0.20.04-0.090.04-0.180.17-0.16-0.05-0.18-0.090.610.560.240.1
0.26-0.30.550.210.580.080.180.220.560.320.220.620.210.180.170.230.20.08-0.080.080.240.58
0.60.540.49-0.140.65-0.35-0.27-0.140.640.33-0.250.32-0.25-0.2-0.360.12-0.260.22-0.38-0.440.10.58
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Southwest Airlines Account Relationship Matchups

Southwest Airlines income statement Accounts

201920202021202220232024 (projected)
Depreciation And Amortization1.3B1.1B1.3B1.6B1.5B1.6B
Interest Expense82M314M431M301M236M247.8M
Total Revenue22.4B9.0B15.8B23.8B26.1B27.4B
Gross Profit6.0B(1.9B)4.1B4.8B4.2B3.5B
Other Operating Expenses19.5B12.9B14.1B22.8B25.9B27.2B
Operating Income3.0B(3.8B)1.7B1.0B224M212.8M
Ebit3.0B(3.8B)1.7B1.0B809M849.5M
Ebitda4.3B(2.7B)3.0B2.6B2.3B2.4B
Cost Of Revenue16.4B10.9B11.7B19.1B21.9B23.0B
Total Operating Expenses3.0B1.9B2.4B3.7B4.0B4.0B
Income Before Tax3.0B(4.3B)1.3B728M633M846.8M
Total Other Income Expense Net(8M)(440M)(396M)(289M)62M65.1M
Net Income2.3B(3.1B)977M539M465M592.3M
Income Tax Expense657M(1.2B)348M189M168M254.6M
Selling General Administrative2.8B1.8B2.2B3.5B4.0B4.5B
Net Income Applicable To Common Shares2.3B(3.1B)977M539M619.9M869.2M
Net Income From Continuing Ops2.3B(3.1B)977M539M497M472.2M
Non Operating Income Net Other82M(126M)35M12M10.8M11.3M
Tax Provision657M(1.2B)348M189M137M130.2M
Interest Income90M32M418M88M541M568.1M
Net Interest Income8M(282M)(418M)(84M)303M318.2M
Reconciled Depreciation1.2B1.3B1.3B1.4B1.5B1.4B

Southwest Airlines Investors Sentiment

The influence of Southwest Airlines' investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Southwest. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.
Investor biases related to Southwest Airlines' public news can be used to forecast risks associated with an investment in Southwest. The trend in average sentiment can be used to explain how an investor holding Southwest can time the market purely based on public headlines and social activities around Southwest Airlines. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Southwest Airlines' market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Southwest Airlines' and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Southwest Airlines' news discussions. The higher the estimated score, the more favorable is the investor's outlook on Southwest Airlines.

Southwest Airlines Implied Volatility

    
  26.98  
Southwest Airlines' implied volatility exposes the market's sentiment of Southwest Airlines stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if Southwest Airlines' implied volatility is high, the market thinks the stock has potential for high price swings in either direction. On the other hand, the low implied volatility suggests that Southwest Airlines stock will not fluctuate a lot when Southwest Airlines' options are near their expiration.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Southwest Airlines in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Southwest Airlines' short interest history, or implied volatility extrapolated from Southwest Airlines options trading.

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When determining whether Southwest Airlines is a strong investment it is important to analyze Southwest Airlines' competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Southwest Airlines' future performance. For an informed investment choice regarding Southwest Stock, refer to the following important reports:
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Southwest Airlines. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in employment.
For more information on how to buy Southwest Stock please use our How to Invest in Southwest Airlines guide.
You can also try the Odds Of Bankruptcy module to get analysis of equity chance of financial distress in the next 2 years.

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Is Southwest Airlines' industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Southwest Airlines. If investors know Southwest will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Southwest Airlines listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
(0.30)
Dividend Share
0.72
Earnings Share
0.76
Revenue Per Share
43.85
Quarterly Revenue Growth
0.105
The market value of Southwest Airlines is measured differently than its book value, which is the value of Southwest that is recorded on the company's balance sheet. Investors also form their own opinion of Southwest Airlines' value that differs from its market value or its book value, called intrinsic value, which is Southwest Airlines' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Southwest Airlines' market value can be influenced by many factors that don't directly affect Southwest Airlines' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Southwest Airlines' value and its price as these two are different measures arrived at by different means. Investors typically determine if Southwest Airlines is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Southwest Airlines' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.