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Financial Statements — LUV

Balance Sheet

(in billions USD)
MetricQ2 2026Q1 2026Q3 2025Q2 2025Q1 2025Q3 2024Q2 2024Q1 2024Q3 2023Q2 2023Q1 2023Q3 2022Q2 2022Q1 2022Q3 2021Q2 2021Q1 2021
Cash & Equivalents3.793.332.903.488.138.508.148.379.509.168.3610.4413.2313.1012.9814.1211.97
Short-term Investments----0.120.360.120.881.862.152.243.023.323.233.202.643.022.752.38
Accounts Receivable0.080.170.050.060.050.050.070.060.140.100.060.090.060.070.070.08--
Total Current Assets6.485.975.406.0910.7311.9312.7513.2814.6314.6614.2716.4219.4018.8218.5519.1916.10
Property, Plant & Equipment20.6420.3819.7019.4019.1619.7719.6719.5619.0818.6018.0216.3415.5914.9415.0615.2415.65
Goodwill0.970.970.970.970.970.970.970.970.970.970.970.970.970.970.970.970.97
Intangible Assets0.300.300.300.300.300.300.300.300.300.300.300.300.300.300.300.300.30
Total Non-current Assets*23.6423.3922.9222.6222.4822.9222.8122.7422.3521.8621.2719.5318.9118.4418.5619.0219.39
Total Assets30.1229.3628.3128.7133.2134.8535.5636.0236.9836.5235.5535.9538.3037.2637.1138.2135.49
Accounts Payable2.072.111.711.811.931.522.031.951.741.881.731.551.911.651.231.381.09
Total Current Liabilities13.2712.4810.9910.8913.9013.4914.1112.2312.1111.7311.3310.4211.7110.079.1412.488.18
Long-term Debt3.794.544.084.084.095.085.077.977.987.998.008.328.8810.3111.019.1910.55
Total Non-current Liabilities*9.7710.009.549.829.9510.9510.9913.6013.8114.0013.9214.6115.4716.7817.7316.0418.22
Total Liabilities*23.0422.4820.5420.7123.8524.4425.1025.8225.9325.7325.2425.0227.1826.8526.8628.5226.40
Retained Earnings16.6716.5316.1616.2016.0816.1816.2215.9616.6616.5716.0016.5916.3115.5515.7115.2614.91
Total Stockholder Equity7.086.887.788.009.3710.4110.4710.2011.0510.7910.3010.9211.1210.4210.259.699.09

* Derived from reported values

Income Statement

(in billions USD) (except per-share rows)
MetricQ2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022Q4 2021Q3 2021
Total Revenue8.437.257.446.957.246.436.936.877.356.336.826.537.045.716.176.226.734.695.054.68
Operating Income0.280.330.390.040.23(0.22)0.280.040.40(0.39)(0.40)0.120.80(0.28)(0.38)0.401.16(0.15)0.200.73
Pretax Income0.310.280.410.070.28(0.19)0.330.090.48(0.30)(0.28)0.240.89(0.20)(0.28)0.351.04(0.38)0.080.60
Tax Provision0.070.060.080.010.07(0.04)0.070.020.11(0.07)(0.03)0.040.20(0.05)(0.06)0.080.28(0.10)0.010.15
Net Income0.230.230.320.050.21(0.15)0.260.070.37(0.23)(0.25)0.190.68(0.16)(0.22)0.280.76(0.28)0.070.45
Basic EPS0.480.450.580.100.40(0.26)0.450.110.61(0.39)(0.42)0.321.15(0.27)(0.38)0.471.29(0.47)0.110.75
Diluted EPS0.470.450.560.100.39(0.26)0.460.110.58(0.39)(0.36)0.311.08(0.27)(0.30)0.441.20(0.47)0.120.73

Cash Flow Statement

(in billions USD)
MetricQ2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022Q4 2021Q3 2021
Operating Cash Flow0.531.420.290.290.400.860.480.11(0.02)(0.10)0.430.621.420.710.580.231.911.070.25(0.57)
Capital Expenditures0.820.630.860.680.640.500.460.520.490.580.710.840.931.051.361.070.990.510.180.14
Free Cash Flow*(0.29)0.79(0.56)(0.39)(0.23)0.360.02(0.40)(0.52)(0.69)(0.28)(0.23)0.49(0.34)(0.78)(0.84)0.920.560.07(0.71)
Investing Cash Flow(0.56)(0.44)(0.74)(0.43)(0.88)0.620.070.46(0.21)(0.58)(0.66)(0.06)(0.63)(1.58)(0.93)(1.12)(1.55)(0.14)(0.18)(0.41)
Financing Cash Flow0.49(0.88)0.78(0.43)(4.18)(0.86)(1.54)(0.21)0.00(0.23)0.03(0.21)0.01(0.26)(0.60)(1.90)(0.21)(0.31)(0.56)(0.16)

* Derived from reported values

Dividends Per Share

(USD)
MetricQ2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q3 2021Q1 2020Q4 2019Q3 2019Q2 2019Q1 2019Q4 2018
Dividends Per Share0.180.180.180.180.180.180.180.180.18(0.36)0.180.180.180.180.180.180.160.180.130.16