LUV
Southwest Airlines Company
NYSE: LUV · INDUSTRIALS · AIRLINES
$37.92
+1.88% today
Updated 2026-04-30
Market cap
$18.19B
P/E ratio
24.81
P/S ratio
0.63x
EPS (TTM)
$1.50
Dividend yield
1.89%
52W range
$28 – $55
Volume
8.8M
Southwest Airlines Company (LUV) Financial statements
SEC filings — annual and quarterly data.
Cash flow — annual
| Item | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $1.41B | $2.85B | $-1.52B | $985.00M | $1.56B | $1.39B | $2.06B | $2.49B | $2.90B | $3.24B | $4.29B | $3.93B | $4.89B | $3.99B | $-1.13B | $2.32B | $3.79B | $3.16B | $462.00M | $1.84B |
| Capital expenditures | $1.40B | $1.33B | $923.00M | $585.00M | $493.00M | $968.00M | $1.35B | $1.45B | $1.83B | $2.14B | $2.15B | $2.25B | $1.98B | $1.03B | $515.00M | $511.00M | $3.95B | $3.55B | $2.08B | $2.67B |
| Depreciation | $515.00M | $555.00M | $587.00M | $616.00M | $628.00M | $715.00M | $844.00M | $867.00M | $938.00M | $1.01B | $1.22B | $1.22B | $1.20B | $1.22B | $1.25B | $1.27B | $1.35B | $1.52B | $1.66B | $1.56B |
| Stock-based comp | $80.00M | $80.00M | $18.00M | $12.00M | $-14.00M | $-191.00M | $16.00M | $18.00M | $21.00M | $29.00M | $33.00M | $37.00M | $46.00M | $55.00M | $-175.00M | $58.00M | $84.00M | $86.00M | — | — |
| Free cash flow | $7.00M | $1.51B | $-2.44B | $400.00M | $1.07B | $417.00M | $716.00M | $1.04B | $1.07B | $1.09B | $2.15B | $1.68B | $2.92B | $2.96B | $-1.64B | $1.81B | $-156.00M | $-389.00M | $-1.62B | $-831.00M |
| Investing cash flow | $-1.50B | $-1.53B | $-978.00M | $-1.57B | $-1.26B | $-1.05B | $-833.00M | $-1.38B | $-1.73B | $-1.91B | $-2.27B | $-2.41B | $-2.04B | $-303.00M | $-16.00M | $-1.26B | $-3.75B | $-2.93B | $-261.00M | $-1.43B |
| Financing cash flow | $-801.00M | $-493.00M | $1.65B | $330.00M | $-149.00M | $-766.00M | $-947.00M | $-864.00M | $-1.25B | $-1.02B | $-1.92B | $-1.71B | $-2.50B | $-2.99B | $9.66B | $359.00M | $-3.03B | $-436.00M | $-1.98B | $-4.69B |
| Dividends paid | $14.00M | $14.00M | $13.00M | $13.00M | $13.00M | $14.00M | $22.00M | $71.00M | $139.00M | $180.00M | $222.00M | $274.00M | $332.00M | $372.00M | $188.00M | $0.00 | $214.00M | $428.00M | $430.00M | $399.00M |
| Share repurchases | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Debt repayment | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Net change in cash | — | — | — | $-254.00M | $147.00M | $-432.00M | $284.00M | $242.00M | $-73.00M | $301.00M | $97.00M | $-185.00M | $359.00M | $694.00M | $8.52B | $1.42B | $-2.99B | — | — | — |