Southwest Historical Income Statement
| LUV Stock | USD 29.06 0.28 0.97% |
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.
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.
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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. Add Fundamental
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 Expenses | 2.4B | 3.7B | 4.0B | 4.0B | Cost Of Revenue | 11.7B | 19.1B | 21.9B | 23.0B |
Southwest Airlines income statement Correlations
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Southwest Airlines Account Relationship Matchups
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Southwest Airlines income statement Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Depreciation And Amortization | 1.3B | 1.1B | 1.3B | 1.6B | 1.5B | 1.6B | |
| Interest Expense | 82M | 314M | 431M | 301M | 236M | 247.8M | |
| Total Revenue | 22.4B | 9.0B | 15.8B | 23.8B | 26.1B | 27.4B | |
| Gross Profit | 6.0B | (1.9B) | 4.1B | 4.8B | 4.2B | 3.5B | |
| Other Operating Expenses | 19.5B | 12.9B | 14.1B | 22.8B | 25.9B | 27.2B | |
| Operating Income | 3.0B | (3.8B) | 1.7B | 1.0B | 224M | 212.8M | |
| Ebit | 3.0B | (3.8B) | 1.7B | 1.0B | 809M | 849.5M | |
| Ebitda | 4.3B | (2.7B) | 3.0B | 2.6B | 2.3B | 2.4B | |
| Cost Of Revenue | 16.4B | 10.9B | 11.7B | 19.1B | 21.9B | 23.0B | |
| Total Operating Expenses | 3.0B | 1.9B | 2.4B | 3.7B | 4.0B | 4.0B | |
| Income Before Tax | 3.0B | (4.3B) | 1.3B | 728M | 633M | 846.8M | |
| Total Other Income Expense Net | (8M) | (440M) | (396M) | (289M) | 62M | 65.1M | |
| Net Income | 2.3B | (3.1B) | 977M | 539M | 465M | 592.3M | |
| Income Tax Expense | 657M | (1.2B) | 348M | 189M | 168M | 254.6M | |
| Selling General Administrative | 2.8B | 1.8B | 2.2B | 3.5B | 4.0B | 4.5B | |
| Net Income Applicable To Common Shares | 2.3B | (3.1B) | 977M | 539M | 619.9M | 869.2M | |
| Net Income From Continuing Ops | 2.3B | (3.1B) | 977M | 539M | 497M | 472.2M | |
| Non Operating Income Net Other | 82M | (126M) | 35M | 12M | 10.8M | 11.3M | |
| Tax Provision | 657M | (1.2B) | 348M | 189M | 137M | 130.2M | |
| Interest Income | 90M | 32M | 418M | 88M | 541M | 568.1M | |
| Net Interest Income | 8M | (282M) | (418M) | (84M) | 303M | 318.2M | |
| Reconciled Depreciation | 1.2B | 1.3B | 1.3B | 1.4B | 1.5B | 1.4B |
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Try AI Portfolio ArchitectCheck 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 Equity Forecasting module to use basic forecasting models to generate price predictions and determine price momentum.
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When running Southwest Airlines' price analysis, check to measure Southwest Airlines' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Southwest Airlines is operating at the current time. Most of Southwest Airlines' value examination focuses on studying past and present price action to predict the probability of Southwest Airlines' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Southwest Airlines' price. Additionally, you may evaluate how the addition of Southwest Airlines to your portfolios can decrease your overall portfolio volatility.
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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.