Southwest Airlines Balance Sheet (2009-2025) | LUV

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Balance Sheet	Mar2009	Jun2009	Sep2009	Dec2009	Mar2010	Jun2010	Sep2010	Dec2010	Mar2011	Jun2011	Sep2011	Dec2011	Mar2012	Jun2012	Sep2012	Dec2012	Mar2013	Jun2013	Sep2013	Dec2013	Mar2014	Jun2014	Sep2014	Dec2014	Mar2015	Jun2015	Sep2015	Dec2015	Mar2016	Jun2016	Sep2016	Dec2016	Mar2017	Jun2017	Sep2017	Dec2017	Mar2018	Jun2018	Sep2018	Dec2018	Mar2019	Jun2019	Sep2019	Dec2019	Mar2020	Jun2020	Sep2020	Dec2020	Mar2021	Jun2021	Sep2021	Dec2021	Mar2022	Jun2022	Sep2022	Dec2022	Mar2023	Jun2023	Sep2023	Dec2023	Mar2024	Jun2024	Sep2024	Dec2024	Mar2025	Jun2025	Sep2025	Dec2025
Assets
Current Assets
Cash & Equivalents	1.15B	0.95B	0.90B	1.11B	0.00B	0.99B	1.03B	1.26B	2.04B	1.59B	1.02B	0.83B	1.56B	1.08B	1.17B	1.11B	1.34B	1.49B	1.33B	1.35B	1.74B	1.88B	1.83B	1.28B	2.02B	1.77B	1.74B	1.58B	2.39B	2.04B	1.97B	1.68B	1.85B	1.54B	1.46B	1.50B	1.82B	2.11B	2.10B	1.85B	2.34B	2.45B	2.49B	2.55B	3.94B	12.35B	12.11B	11.06B	11.97B	14.12B	12.98B	12.48B	13.10B	13.23B	10.44B	9.49B	8.36B	9.16B	9.50B	9.29B	8.37B	8.14B	8.50B	7.51B	8.13B	3.48B	2.90B	3.23B
Short-term Investments	0.99B	1.25B	1.35B	1.48B	1.66B	2.13B	2.35B	2.28B	2.43B	0.00B	2.64B	2.31B	2.23B	2.17B	2.07B	1.86B	1.80B	1.90B	2.00B	1.80B	1.76B	2.11B	1.73B	1.71B	1.41B	1.36B	1.36B	1.47B	1.19B	1.38B	1.48B	1.62B	1.63B	1.61B	1.58B	1.78B	1.42B	1.57B	1.72B	1.83B	1.52B	1.54B	1.53B	1.52B	1.60B	2.11B	2.45B	2.27B	2.38B	2.75B	3.02B	3.02B	2.64B	3.20B	3.23B	2.80B	3.31B	3.02B	2.24B	2.19B	2.15B	1.86B	0.88B	1.22B	0.12B	0.36B	0.12B
Cash & Current Investments	2.13B	2.20B	2.25B	2.59B	1.66B	3.12B	3.38B	3.54B	4.46B	1.60B	3.66B	3.14B	3.78B	3.26B	3.23B	2.97B	3.13B	3.39B	3.33B	3.15B	3.50B	3.99B	3.56B	2.99B	3.44B	3.13B	3.10B	3.05B	3.58B	3.42B	3.45B	3.31B	3.48B	3.15B	3.04B	3.27B	3.24B	3.69B	3.82B	3.69B	3.86B	3.99B	4.02B	4.07B	5.54B	14.46B	14.56B	13.33B	14.35B	16.88B	16.00B	15.50B	15.74B	16.43B	13.67B	12.29B	11.67B	12.18B	11.73B	11.47B	10.51B	10.00B	9.38B	8.72B	8.25B	3.84B	3.02B	3.23B
Receivables - Net								0.20B	0.28B	389.00	0.37B	0.30B	0.37B	0.50B	0.43B	0.33B	0.43B	0.51B	0.46B	0.42B	0.46B	0.45B	0.47B	0.36B	0.50B	0.46B	0.47B	0.47B	0.51B	0.52B	0.85B	0.55B	0.58B	0.58B	0.58B	0.66B	0.68B	0.77B	0.78B	0.57B	0.78B	0.78B	0.87B	1.09B	0.71B	0.77B	0.90B	1.13B	0.94B	1.33B	1.48B	1.36B	1.69B	1.39B	1.32B	1.04B	1.25B	1.23B	1.47B	1.15B	1.35B	1.35B	1.18B	1.11B	1.08B	1.01B	1.12B	1.15B
Receivables - Other																																								0.06B				0.06B	0.04B	0.02B	0.01B	0.04B	0.01B	0.04B	0.15B	0.08B	0.10B	0.28B	0.22B	0.19B	0.31B	0.30B	0.24B	0.20B	0.13B	0.24B	0.11B	0.17B	0.19B	0.14B	0.02B	0.15B
Receivables								0.20B	0.28B	389.00	0.37B	0.30B	0.37B	0.50B	0.43B	0.33B	0.43B	0.51B	0.46B	0.42B	0.46B	0.45B	0.47B	0.36B	0.50B	0.46B	0.47B	0.47B	0.51B	0.52B	0.85B	0.55B	0.58B	0.58B	0.58B	0.66B	0.68B	0.77B	0.78B	0.63B	0.78B	0.78B	0.87B	1.14B	0.75B	0.79B	0.91B	1.17B	0.94B	1.37B	1.63B	1.44B	1.79B	1.67B	1.54B	1.23B	1.56B	1.54B	1.71B	1.35B	1.49B	1.58B	1.29B	1.28B	1.27B	1.16B	1.14B	1.30B
Inventory	0.17B	0.20B	0.20B	0.22B	0.23B	0.23B	0.23B	0.24B	0.32B	394.00	0.46B	0.40B	0.43B	0.45B	0.54B	0.47B	0.48B	0.46B	0.52B	0.47B	0.44B	0.43B	0.43B	0.34B	0.30B	0.33B	0.31B	0.31B	0.29B	0.33B	0.33B	0.34B	0.36B	0.36B	0.44B	0.42B	0.43B	0.46B	0.48B	0.46B	0.48B	0.51B	0.53B	0.53B	0.52B	0.42B	0.43B	0.41B	0.45B	0.46B	0.51B	0.54B	0.62B	0.75B	0.78B	0.79B	0.74B	0.71B	0.80B	0.81B	0.81B	0.78B	0.77B	0.80B	0.79B	0.77B	0.79B	0.78B
Current Deferred Tax Assets	0.36B	0.36B	0.36B	0.29B	0.29B	0.25B	0.06B	0.21B				0.26B	0.22B	0.28B	0.22B	0.25B	0.26B	0.29B	0.23B	0.17B	0.18B	0.17B	0.24B	0.48B	0.45B	0.42B	0.47B
Prepaid Assets	0.10B	0.09B	0.09B	0.08B	0.10B	0.09B	0.08B	0.09B	0.26B	264.00	0.11B	0.24B	0.32B	0.20B	0.22B	0.21B	0.21B	0.21B	0.23B	0.25B	0.24B	0.28B	0.29B	0.23B	0.27B	0.26B	0.24B	0.19B	0.19B	0.20B	0.21B	0.31B	0.23B	0.25B	0.22B	0.46B	0.45B	0.50B	0.51B	0.31B	0.35B	0.28B	0.24B	0.29B	0.26B	0.22B	0.25B	0.29B	0.37B	0.52B	0.56B	0.64B	0.77B	0.82B	0.65B	0.69B	0.61B	0.54B	0.63B	0.52B	0.60B	0.62B	0.60B	0.64B	0.62B	0.47B	0.47B	0.49B
Current Assets	3.00B	3.09B	3.13B	3.36B	3.62B	3.97B	4.04B	4.28B	5.33B	0.00B	4.59B	4.34B	5.12B	4.69B	4.65B	4.23B	4.51B	4.86B	4.77B	4.46B	4.81B	5.32B	4.99B	3.93B	4.96B	4.60B	4.57B	4.02B	4.57B	4.47B	4.84B	4.50B	4.66B	4.34B	4.28B	4.82B	4.80B	5.41B	5.60B	5.03B	5.48B	5.55B	5.65B	5.97B	7.03B	15.87B	16.13B	15.17B	16.10B	19.19B	18.55B	18.04B	18.82B	19.40B	16.42B	14.81B	14.27B	14.66B	14.63B	13.96B	13.28B	12.75B	11.93B	11.27B	10.73B	6.09B	5.39B	5.64B
Non-Current Assets
Construction in Progress																0.33B				0.45B	0.48B	0.52B	0.57B	0.62B	0.69B	0.74B	0.82B	0.92B	0.99B	1.07B	1.15B	1.22B	1.32B	1.40B	1.46B	1.54B	1.61B	1.66B	1.72B	1.77B	0.12B	0.14B	0.17B	0.16B	0.20B	0.24B	0.27B	0.31B	0.34B		0.00B	0.01B	0.01B	0.01B	0.02B	0.03B	0.03B	0.04B	0.05B	0.06B	0.07B	0.08B	0.09B	0.09B	0.09B	0.09B	0.09B	0.09B
Property, Plant & Equipment (Net)	10.81B	10.66B	10.70B	10.63B	10.62B	10.63B	10.57B	10.58B	10.50B	0.00B	11.83B	12.13B	12.10B	12.34B	12.57B	12.77B	13.13B	13.16B	13.20B	13.39B	13.42B	13.73B	13.96B	14.29B	14.61B	14.86B	14.93B	15.60B	15.96B	16.29B	16.55B	17.04B	17.29B	17.68B	18.16B	18.54B	18.77B	19.07B	19.28B	19.52B	17.77B	17.73B	17.84B	17.02B	16.99B	16.25B	16.06B	15.83B	15.65B	15.24B	15.06B	14.84B	14.94B	15.59B	16.34B	17.34B	18.02B	18.60B	19.07B	19.38B	19.56B	19.66B	19.77B	19.06B	19.16B	19.40B	19.70B	20.25B
Goodwill										971.00	0.97B	0.97B	0.97B	0.97B	0.97B	0.97B	0.97B	0.97B	0.97B	0.97B	0.97B	0.97B	0.97B	0.97B	0.97B	0.97B	0.97B	0.97B	0.97B	0.97B	0.97B	0.97B	0.97B	0.97B	0.97B	0.97B	0.97B	0.97B	0.97B	0.97B	0.97B	0.97B	0.97B	0.97B	0.97B	0.97B	0.97B	0.97B	0.97B	0.97B	0.97B	0.97B	0.97B	0.97B	0.97B	0.97B	0.97B	0.97B	0.97B	0.97B	0.97B	0.97B	0.97B	0.97B	0.97B	0.97B	0.97B	0.97B
Goodwill & Intangibles										971.00	0.97B	0.97B	0.97B	0.97B	0.97B	0.97B	0.97B	0.97B	0.97B	0.97B	0.97B	0.97B	0.97B	0.97B	0.97B	0.97B	0.97B	0.97B	0.97B	0.97B	0.97B	0.97B	0.97B	0.97B	0.97B	0.97B	0.97B	0.97B	0.97B	0.97B	0.97B	0.97B	0.97B	0.97B	0.97B	0.97B	0.97B	0.97B	0.97B	0.97B	0.97B	0.97B	0.97B	0.97B	0.97B	0.97B	0.97B	0.97B	0.97B	0.97B	0.97B	0.97B	0.97B	0.97B	0.97B	0.97B	0.97B	0.97B
Other Non-Current Assets	0.37B	0.27B	0.28B	0.28B	0.29B	0.39B	0.54B	0.61B	0.59B	832.00	0.49B	0.63B	0.64B	0.51B	0.62B	0.63B	0.58B	0.38B	0.42B	0.53B	0.77B	0.88B	0.62B	0.53B	0.62B	0.65B	0.69B	0.72B	0.73B	0.71B	0.69B	0.77B	0.85B	0.93B	0.84B	0.79B	0.96B	1.02B	1.03B	0.72B	0.72B	0.69B	0.65B	0.58B	0.62B	0.66B	0.68B	0.72B	0.74B	0.84B	0.92B	0.88B	0.98B	0.85B	0.77B	0.85B	0.90B	0.96B	1.02B	0.96B	1.02B	1.04B	1.07B	1.08B	1.05B	1.01B	1.07B	1.11B
Non-Current Assets	11.18B	10.93B	10.97B	10.91B	10.91B	11.02B	11.10B	11.18B	11.09B	0.00B	13.29B	13.72B	13.71B	13.82B	14.16B	14.37B	14.68B	14.52B	14.59B	14.89B	15.16B	15.57B	15.55B	15.80B	16.20B	16.48B	16.59B	17.29B	17.67B	17.98B	18.21B	18.79B	19.11B	19.58B	19.97B	20.30B	20.70B	21.06B	21.28B	21.21B	20.98B	20.82B	20.82B	19.92B	19.86B	19.72B	19.47B	19.41B	19.39B	19.02B	18.56B	18.28B	18.44B	18.91B	19.53B	20.56B	21.27B	21.86B	22.35B	22.53B	22.74B	22.81B	22.92B	22.48B	22.48B	22.62B	22.92B	23.42B
Assets	14.18B	14.03B	14.10B	14.27B	14.53B	14.99B	15.14B	15.46B	16.41B	0.00B	17.89B	18.07B	18.83B	18.52B	18.81B	18.60B	19.20B	19.38B	19.36B	19.34B	19.98B	20.89B	20.54B	19.72B	21.16B	21.07B	21.16B	21.31B	22.24B	22.45B	23.05B	23.29B	23.76B	23.92B	24.25B	25.11B	25.50B	26.46B	26.88B	26.24B	26.46B	26.37B	26.47B	25.89B	26.89B	35.60B	35.60B	34.59B	35.49B	38.21B	37.11B	36.32B	37.26B	38.30B	35.95B	35.37B	35.55B	36.52B	36.98B	36.49B	36.02B	35.56B	34.85B	33.75B	33.21B	28.71B	28.31B	29.06B
Liabilities
Current Liabilities
Accounts Payables	0.69B	0.73B	0.69B	0.73B	0.69B	0.79B	0.71B	0.74B	0.92B	0.00B	1.08B	1.06B	1.21B	1.15B	1.14B	1.11B	1.25B	1.23B	1.13B	1.25B	1.30B	1.29B	1.19B	1.20B	1.15B	1.13B	1.24B	1.19B	1.15B	1.25B	1.02B	1.18B	1.21B	1.22B	1.12B	1.32B	1.24B	1.34B	1.22B	1.42B	1.41B	1.33B	1.27B	1.57B	1.04B	0.97B	0.98B	0.93B	1.09B	1.38B	1.23B	1.28B	1.65B	1.91B	1.55B	2.00B	1.73B	1.88B	1.74B	1.86B	1.95B	2.03B	1.52B	1.82B	1.93B	1.81B	1.71B	1.99B
Payables	0.69B	0.73B	0.69B	0.73B	0.69B	0.79B	0.71B	0.74B	0.92B	0.00B	1.08B	1.06B	1.21B	1.15B	1.14B	1.11B	1.25B	1.23B	1.13B	1.25B	1.30B	1.29B	1.19B	1.20B	1.15B	1.13B	1.24B	1.19B	1.15B	1.25B	1.02B	1.18B	1.21B	1.22B	1.12B	1.32B	1.24B	1.34B	1.22B	1.42B	1.41B	1.33B	1.27B	1.57B	1.04B	0.97B	0.98B	0.93B	1.09B	1.38B	1.23B	1.28B	1.65B	1.91B	1.55B	2.00B	1.73B	1.88B	1.74B	1.86B	1.95B	2.03B	1.52B	1.82B	1.93B	1.81B	1.71B	1.99B
Accumulated Expenses	1.02B	1.02B	0.92B	0.73B	0.66B	0.94B	0.94B	0.86B	0.83B	0.00B	1.19B	1.00B	1.02B	1.14B	1.04B	1.10B	1.00B	1.21B	1.17B	1.23B	1.17B	1.65B	1.28B	1.56B	1.87B	1.65B	2.05B	2.59B	2.47B	1.87B	2.15B	1.99B	1.95B	1.56B	1.59B	1.70B	1.13B	1.36B	1.52B	1.75B	1.35B	1.31B	1.46B	1.75B	1.04B	2.37B	1.84B	2.26B	1.67B	2.35B	1.69B	1.62B	1.36B	1.59B	1.88B	2.04B	2.12B	2.47B	2.88B	3.61B	2.40B	1.87B	2.10B	2.21B	1.98B	2.04B	2.09B	2.35B
Other Accumulated Expenses								0.20B		302.00	0.29B	0.21B	0.21B		0.19B	0.21B				0.22B	0.22B			0.23B				0.25B
Short term Debt	0.16B	0.10B	0.20B	0.19B	0.17B	0.12B	0.11B	0.51B	0.91B	990.00	0.99B	0.64B	0.26B	0.26B	0.27B	0.27B	0.28B	0.26B	0.26B	0.63B	0.64B	0.60B	0.61B	0.26B	0.27B	0.28B	0.29B	0.64B	0.95B	0.96B	0.97B	0.57B	0.28B	0.31B	0.32B	0.35B	0.36B	0.36B	0.35B	0.61B	0.57B	0.65B	0.64B	0.82B	2.79B	0.69B	0.72B	0.22B	0.23B	2.17B	0.23B	0.45B	0.41B	1.66B	0.38B	0.04B	0.03B	0.03B	0.03B	0.03B	0.03B	2.93B	2.93B	1.63B	2.61B	0.02B	0.02B	0.32B
Current Leases																								0.02B								0.06B				0.08B				0.09B	0.36B	0.35B	0.33B	0.35B	0.33B	0.34B	0.32B	0.31B	0.29B	0.27B	0.24B	0.24B	0.24B	0.24B	0.23B	0.23B	0.23B	0.23B	0.22B	0.21B	0.21B	0.20B	0.20B	0.33B	0.33B	0.32B	0.31B	0.31B
Current Taxes																0.13B				0.15B	0.22B			0.16B				0.18B	0.25B	0.24B		0.18B		0.27B
Current Deferred Revenue				0.01B				0.09B	0.09B	82.00	0.08B	0.07B																																5.51B	5.04B	6.88B	7.09B	7.13B	4.91B	8.68B	8.24B	7.72B	8.61B	8.52B	8.43B	8.25B	9.20B	9.06B	9.00B	8.28B	9.39B	9.08B	8.70B	8.24B	8.90B	8.30B	8.12B	7.16B
Curent Deferred Tax Liability										102.00	0.16B	0.07B	0.10B		0.06B	0.07B				0.07B	0.06B
Total Current Liabilities	3.12B	3.07B	3.02B	2.69B	2.92B	3.34B	3.19B	3.31B	4.36B	0.00B	5.32B	4.53B	5.05B	5.08B	4.97B	4.65B	5.41B	5.78B	5.55B	5.68B	6.44B	7.03B	6.45B	5.92B	6.90B	6.88B	7.08B	7.41B	8.25B	7.83B	7.82B	6.84B	7.46B	7.10B	6.96B	6.86B	7.16B	7.72B	7.84B	7.91B	8.72B	8.61B	8.63B	8.95B	10.24B	9.36B	7.80B	7.51B	8.18B	12.48B	9.13B	9.16B	10.07B	11.71B	10.42B	10.38B	11.33B	11.73B	12.11B	12.26B	12.22B	14.11B	13.49B	12.28B	13.90B	10.89B	10.99B	10.92B
Non-Current Liabilities
Capital Leases																																0.68B				0.89B				0.84B
Non-Current Debt	3.45B	3.28B	3.38B	3.33B	3.31B	3.32B	3.35B	2.88B	2.43B	0.00B	3.22B	3.11B	3.05B	3.02B	2.96B	2.88B	2.71B	2.67B	2.62B	2.19B	2.17B	2.15B	2.12B	2.43B	2.42B	2.41B	2.38B	2.54B	2.35B	2.39B	2.32B	2.82B	2.78B	2.79B	2.76B	3.32B	3.23B	3.15B	3.10B	2.77B	2.60B	2.45B	2.40B	1.85B	2.29B	8.90B	10.13B	10.11B	10.55B	9.19B	11.01B	10.27B	10.31B	8.88B	8.31B	8.05B	8.00B	7.99B	7.98B	7.98B	7.97B	5.07B	5.08B	5.07B	4.09B	4.08B	4.08B	4.58B
Non-Current Deffered Revenue												0.07B	0.07B	0.07B	0.07B	0.06B	0.06B	0.06B	0.05B	0.07B	0.06B			0.05B				0.04B																1.05B	1.18B	1.89B	3.14B	3.34B	2.83B	2.37B	2.48B	2.16B	2.20B	2.21B	2.06B	2.19B	1.98B	1.94B	1.75B	1.73B	1.75B	1.99B	1.96B	1.95B	1.84B	1.60B	1.26B	1.22B
Pension								0.09B		98.00	0.10B	0.11B	0.11B		0.12B	0.15B				0.16B	0.16B			0.17B				0.20B
Non-Current Deferred Tax Liability	1.90B	1.92B	1.95B	2.20B	2.25B	2.19B	2.14B	2.49B	2.50B	0.00B	1.86B	3.62B	2.64B	2.56B	2.70B	2.88B	2.90B	2.88B	2.94B	4.19B	3.00B	3.02B	3.36B	2.78B	3.25B	3.29B	3.11B	2.49B	2.61B	2.82B	3.21B	3.37B	3.44B	3.54B	3.70B	2.12B	2.22B	2.41B	2.55B	2.43B	2.48B	2.50B	2.64B	3.48B	2.28B	2.11B	1.82B	3.62B	1.66B	1.69B	1.79B	3.62B	1.83B	2.07B	2.00B	3.98B	1.89B	2.06B	2.16B	4.22B	1.98B	2.09B	2.09B	4.05B	2.12B	2.19B	2.21B	4.33B
Operating Leases										337.00	0.34B	0.31B	0.30B			0.38B				0.29B																					2.23B	2.12B	2.02B	1.96B	0.94B	1.49B	1.42B	2.41B	1.72B	1.68B	1.33B	2.01B	1.28B	1.22B	1.18B	1.53B	1.11B	1.08B	1.04B	1.30B	0.95B	0.92B	0.89B	1.45B	0.97B	0.92B	0.85B	1.16B
Other Non-Current Liabilities	0.68B	0.48B	0.41B	0.49B	0.42B	0.49B	0.42B	0.47B	0.46B	838.00	0.93B	0.91B	0.92B	0.94B	1.11B	0.86B	1.15B	1.21B	1.20B	0.77B	0.73B	0.71B	0.66B	1.25B	1.09B	0.71B	0.93B	0.76B	0.70B	0.68B	0.66B	0.73B	0.70B	0.71B	0.71B	0.71B	0.71B	0.69B	0.75B	0.65B	0.61B	0.64B	0.64B	0.71B	0.69B	0.72B	1.23B	1.25B	1.12B	1.12B	1.10B	1.22B	1.16B	1.10B	1.06B	0.97B	0.94B	0.94B	0.88B	0.98B	0.94B	0.93B	0.93B	0.91B	0.92B	1.04B	1.14B	1.31B
Total Non-Current Liabilities	8.58B	8.40B	8.47B	8.32B	8.57B	8.95B	8.77B	8.76B	9.37B	0.00B	10.47B	10.28B	10.80B	10.73B	10.70B	10.75B	11.08B	11.39B	11.15B	11.24B	12.06B	12.66B	12.45B	11.69B	13.17B	13.21B	13.26B	13.79B	14.04B	13.95B	14.34B	14.77B	14.86B	14.68B	14.74B	14.76B	15.18B	15.78B	15.98B	15.74B	16.06B	15.79B	15.89B	15.36B	17.12B	24.00B	24.60B	24.46B	25.28B	27.40B	25.76B	24.68B	25.68B	26.09B	23.97B	23.71B	24.31B	24.79B	25.05B	24.99B	24.89B	24.17B	23.50B	22.49B	22.92B	19.67B	19.39B	19.77B
Total Liabilities	9.25B	8.88B	8.88B	8.81B	8.99B	9.44B	9.19B	9.23B	9.83B	0.00B	11.40B	11.19B	11.73B	11.68B	11.81B	11.60B	12.24B	12.60B	12.35B	12.01B	12.79B	13.38B	13.11B	12.95B	14.26B	13.92B	14.19B	14.55B	14.74B	14.63B	15.00B	15.50B	15.56B	15.39B	15.45B	15.47B	15.88B	16.47B	16.73B	16.39B	16.67B	16.43B	16.54B	16.06B	17.81B	24.72B	25.84B	25.71B	26.40B	28.52B	26.86B	25.91B	26.84B	27.18B	25.02B	24.68B	25.24B	25.73B	25.93B	25.97B	25.82B	25.10B	24.44B	23.40B	23.85B	20.71B	20.54B	21.08B
Shareholder's Equity
Total Debt	3.61B	3.38B	3.58B	3.52B	3.48B	3.45B	3.46B	3.38B	3.33B	0.00B	4.21B	3.75B	3.31B	3.28B	3.23B	3.15B	2.99B	2.93B	2.88B	2.82B	2.81B	2.76B	2.73B	2.69B	2.69B	2.69B	2.67B	3.18B	3.31B	3.35B	3.29B	3.39B	3.07B	3.10B	3.08B	3.67B	3.59B	3.52B	3.45B	3.38B	3.17B	3.10B	3.04B	2.67B	5.08B	9.60B	10.86B	10.33B	10.77B	11.35B	11.24B	10.73B	10.72B	10.54B	8.70B	8.09B	8.03B	8.03B	8.01B	8.01B	8.00B	8.00B	8.01B	6.70B	6.69B	4.10B	4.10B	4.90B
Common Equity	4.93B	5.15B	5.22B	5.45B	5.54B	5.55B	5.95B	6.24B	6.59B	0.00B	6.49B	6.88B	7.10B	6.84B	7.00B	6.99B	6.96B	6.78B	7.01B	7.34B	7.19B	7.52B	7.43B	6.78B	6.90B	7.16B	6.97B	6.76B	7.50B	7.82B	8.05B	7.78B	8.20B	8.53B	8.80B	9.64B	9.62B	10.00B	10.15B	9.85B	9.79B	9.94B	9.93B	9.83B	9.07B	10.88B	9.77B	8.88B	9.09B	9.69B	10.25B	10.41B	10.42B	11.12B	10.92B	10.69B	10.30B	10.79B	11.05B	10.52B	10.20B	10.46B	10.41B	10.35B	9.37B	8.00B	7.78B	7.98B
Shareholder's Equity	4.93B	5.15B	5.22B	5.45B	5.54B	5.55B	5.95B	6.24B	6.59B	0.00B	6.49B	6.88B	7.10B	6.84B	7.00B	6.99B	6.96B	6.78B	7.01B	7.34B	7.19B	7.52B	7.43B	6.78B	6.90B	7.16B	6.97B	6.76B	7.50B	7.82B	8.05B	7.78B	8.20B	8.53B	8.80B	9.64B	9.62B	10.00B	10.15B	9.85B	9.79B	9.94B	9.93B	9.83B	9.07B	10.88B	9.77B	8.88B	9.09B	9.69B	10.25B	10.41B	10.42B	11.12B	10.92B	10.69B	10.30B	10.79B	11.05B	10.52B	10.20B	10.46B	10.41B	10.35B	9.37B	8.00B	7.78B	7.98B
Liabilities and Shareholders Equity	14.18B	14.03B	14.10B	14.27B	14.53B	14.99B	15.14B	15.46B	16.41B	0.00B	17.89B	18.07B	18.83B	18.52B	18.81B	18.60B	19.20B	19.38B	19.36B	19.34B	19.98B	20.89B	20.54B	19.72B	21.16B	21.07B	21.16B	21.31B	22.24B	22.45B	23.05B	23.29B	23.76B	23.92B	24.25B	25.11B	25.50B	26.46B	26.88B	26.24B	26.46B	26.37B	26.47B	25.89B	26.89B	35.60B	35.60B	34.59B	35.49B	38.21B	37.11B	36.32B	37.26B	38.30B	35.95B	35.37B	35.55B	36.52B	36.98B	36.49B	36.02B	35.56B	34.85B	33.75B	33.21B	28.71B	28.31B	29.06B
Treasury Shares								0.00B				0.00B				0.00B				0.00B				0.00B				0.00B				0.00B				0.00B				0.00B				0.00B				0.00B				0.00B				0.00B				0.00B				0.29B			0.01B	0.37B
Retained Earnings	4.82B	4.90B	4.88B	-0.58B	-0.52B	-0.64B	5.27B	-0.26B	79.00	-0.11B	5.25B	-0.30B	-0.06B	-0.32B	5.70B	-0.12B	0.07B	-0.35B	6.25B	6.43B	6.55B	0.15B	7.27B	7.42B	-1.18B	8.39B	8.92B	9.41B	9.87B	10.63B	10.96B	11.42B	11.71B	12.38B	12.81B	13.83B	14.24B	14.88B	15.40B	15.97B	16.32B	16.96B	17.52B	17.95B	17.76B	16.84B	15.69B	14.78B	14.91B	15.26B	15.71B	15.77B	15.55B	16.31B	16.59B	16.26B	15.99B	16.57B	16.66B	16.30B	15.96B	16.22B	16.18B	16.33B	16.08B	16.20B	16.16B	16.39B

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Southwest Airlines Balance Sheet (2009-2025) | LUV

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