FN2 Earnings Intelligence
Southwest Airlines Co. cash flow
Southwest Airlines Co. (LUV) Cash Flow (annual) derived from persisted SEC financial facts.
Key Stats
USD in millions, except per-share values and percentages.
| Metric | 12/31/2021 | 12/31/2022 | 12/31/2023 | 12/31/2024 | 12/31/2025 | 12/31/2026 est. | 12/31/2027 est. |
|---|---|---|---|---|---|---|---|
| Market Cap | - | - | - | - | - | - | - |
| - Cash | $12,480 | $9,492 | $9,288 | $7,509 | $3,231 | - | - |
| + Debt | - | - | - | - | - | - | - |
| Enterprise Value | - | - | - | - | - | - | - |
| Revenue | $15,790 | $23,814 | $26,091 | $27,483 | $28,063 | $32,896 | $34,019.1 |
| % Growth | 74.5% | 50.8% | 9.6% | 5.3% | 2.1% | 17.2% | 3.4% |
| Gross Profit | - | - | - | - | - | - | - |
| % Margin | - | - | - | - | - | - | - |
| EBITDA | $2,993 | $2,368 | $1,746 | $1,978 | $1,988 | - | - |
| % Margin | 19.0% | 9.9% | 6.7% | 7.2% | 7.1% | - | - |
| Net Income | $977 | $539 | $465 | $465 | $441 | - | - |
| % Margin | 6.2% | 2.3% | 1.8% | 1.7% | 1.6% | - | - |
| Diluted EPS | $1.61 | $0.87 | $0.76 | $0.76 | $0.79 | $3.34 | $4.82 |
| % Growth | 129.6% | -46.0% | -12.6% | 0.0% | 3.9% | 322.4% | 44.4% |
| Operating Cash Flow | $2,322 | $3,790 | $3,164 | $462 | $1,842 | - | - |
| CapEx | $505 | $3,924 | $3,520 | $2,054 | $2,673 | - | - |
| Free Cash Flow | $1,817 | -$134 | -$356 | -$1,592 | -$831 | - | - |
Historical market capitalization is not persisted, so Market Cap and Enterprise Value remain unavailable rather than mixing today's market value into prior periods.
Income Statement
USD in millions, except per-share values and percentages.
| Metric | 12/31/2021 | 12/31/2022 | 12/31/2023 | 12/31/2024 | 12/31/2025 | 12/31/2026 est. | 12/31/2027 est. |
|---|---|---|---|---|---|---|---|
| Revenue | $15,790 | $23,814 | $26,091 | $27,483 | $28,063 | $32,896 | $34,019.1 |
| Gross Profit | - | - | - | - | - | - | - |
| EBITDA | $2,993 | $2,368 | $1,746 | $1,978 | $1,988 | - | - |
| Net Income | $977 | $539 | $465 | $465 | $441 | - | - |
| Diluted EPS | $1.61 | $0.87 | $0.76 | $0.76 | $0.79 | $3.34 | $4.82 |
Balance Sheet
USD in millions, except per-share values and percentages.
| Metric | 12/31/2021 | 12/31/2022 | 12/31/2023 | 12/31/2024 | 12/31/2025 |
|---|---|---|---|---|---|
| Cash & Equivalents | $12,480 | $9,492 | $9,288 | $7,509 | $3,231 |
| Short-term Debt | - | - | - | - | - |
| Long-term Debt | $1,842 | $8,097 | $8,012 | $6,697 | $4,929 |
| Total Debt | - | - | - | - | - |
Cash Flow
USD in millions, except per-share values and percentages.
| Metric | 12/31/2021 | 12/31/2022 | 12/31/2023 | 12/31/2024 | 12/31/2025 |
|---|---|---|---|---|---|
| Operating Cash Flow | $2,322 | $3,790 | $3,164 | $462 | $1,842 |
| Capital Expenditure | $505 | $3,924 | $3,520 | $2,054 | $2,673 |
| Free Cash Flow | $1,817 | -$134 | -$356 | -$1,592 | -$831 |
Ratios
USD in millions, except per-share values and percentages.
| Metric | 12/31/2021 | 12/31/2022 | 12/31/2023 | 12/31/2024 | 12/31/2025 |
|---|---|---|---|---|---|
| Revenue Growth | 74.5% | 50.8% | 9.6% | 5.3% | 2.1% |
| Gross Margin | - | - | - | - | - |
| EBITDA Margin | 19.0% | 9.9% | 6.7% | 7.2% | 7.1% |
| Net Margin | 6.2% | 2.3% | 1.8% | 1.7% | 1.6% |
| FCF Margin | 11.5% | -0.6% | -1.4% | -5.8% | -3.0% |
| Diluted EPS Growth | 129.6% | -46.0% | -12.6% | 0.0% | 3.9% |