Southwest Airlines Balance Sheet
LUV / Industrials|15 years of annual SEC 10-K data (FY2011-FY2025)
Shows total assets, cash and equivalents, receivables, property and equipment, total debt, and shareholders' equity across 15 fiscal years. All figures from audited SEC 10-K filings.
Southwest Airlines had $29.1B in total assets and $8.0B in shareholders' equity as of FY2025. Total debt was $4.9B against $3.2B in cash, resulting in $1.7B net debt.
Based on SEC 10-K filings.
Key Data Points
- High earnings quality (cash-backed earnings)
Data sourced from SEC EDGAR filings. Not investment advice.
| Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | FY2014 | FY2013 | FY2012 | FY2011 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $3.2B | $7.5B | $9.3B | $9.5B | $12.5B | $2.5B | $1.5B | $1.7B | $1.5B | $1.7B | $1.6B | $1.3B | $1.4B | $1.3B | $1.1B |
| Accounts Receivable | $98.0M | $47.0M | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Current Assets | $5.6B | $11.3B | $14.0B | $14.8B | $18.0B | $15.2B | $6.0B | $5.0B | $4.8B | $4.5B | $4.0B | $3.9B | $4.5B | $4.2B | $4.3B |
| PP&E (Net) | $20.2B | $19.1B | - | - | $14.8B | $15.8B | $17.0B | $19.5B | $18.5B | $17.0B | $15.6B | $14.3B | $13.4B | $12.8B | $12.1B |
| Goodwill | $970.0M | $970.0M | $970.0M | $970.0M | $970.0M | $970.0M | $970.0M | $970.0M | $970.0M | $970.0M | $970.0M | $970.0M | $970.0M | $970.0M | $970.0M |
| Total Assets | $29.1B | $33.8B | $36.5B | $35.4B | $36.3B | $34.6B | $25.9B | $26.2B | $25.1B | $23.3B | $21.3B | $19.7B | $19.3B | $18.6B | $18.1B |
| Current Liabilities | $10.9B | $12.3B | $12.3B | $10.4B | $9.2B | $7.5B | $9.0B | $7.9B | $6.9B | $6.8B | $7.4B | $5.9B | $5.7B | $4.7B | $4.5B |
| Total Debt | $4.9B | $6.7B | $8.0B | $8.1B | - | - | - | - | - | - | - | - | - | $2.9B | $3.1B |
| Shareholders' Equity | $8.0B | $10.3B | $10.5B | $10.7B | $9.8B | $9.9B | $9.6B | $7.8B | $9.6B | $7.8B | $6.8B | $6.8B | $7.3B | $6.2B | $5.5B |