Southwest Airlines Balance Sheet - Annual (NYSE:LUV)

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$62.5 $0.61 (0.97%) LUV stock closing price Sep 20, 2018 (Closing)

The financial analysis of a company involves interpreting the income statement, balance sheet and cash flow statements of the company to draw insights like we've done in our Southwest Airlines stock analysis. A balance sheet can help evaluate the financial performance of a company. Ratios like return on total assets and current ratio, which also uses cash on hand can be used to measure the operating efficiency of a firm, and can be used to conduct a more accurate Southwest Airlines stock analysis. Annual results are typically accompanied with the company releasing financial statements. Apart from analyzing Southwest Airlines revenue Southwest Airlines operating cash flow, one needs to check balance sheet items like cash, fixed assets and debt. The Southwest Airlines balance sheet for 2017 shows cash on hand of $1.5B. The company has a debt to equity ratio of 0.51.

View latest 10 year balance sheet data to check Southwest Airlines financial performance.
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Quarterly
Annual
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Fiscal year is Jan - Dec2017201620152014201320122011201020092008
Cash1.5B1.68B1.58B1.28B1.36B1.11B829M1.26B1.11B1.37B
Marketable Securities1.78B1.63B1.47B1.71B1.8B1.86B2.32B2.28B1.48B435M
Receivables662M546M474M365M419M332M299M195M169M209M
Inventory420M337M311M342M467M469M401M243M221M203M
Raw Materials----------
Work In Progress----------
Finished Goods----------
Notes Receivable----------
Other Current Assets460M310M188M709M418M456M501M303M375M678M
Total Current Assets
4.82B4.5B4.02B4.4B4.46B4.23B4.35B4.28B3.36B2.89B
Property Plant & Equipment28.23B26.46B24.69B22.51B20.82B19.5B18.42B16.34B15.89B15.87B
Accumulated Depreciation9.69B9.42B9.08B8.22B7.43B6.73B6.29B5.77B5.25B4.83B
Net Property Plant & Equipment
18.54B17.04B15.6B14.29B13.39B12.77B12.13B10.58B10.63B11.04B
Investment & Advances----------
Other Non-Current Assets----------
Deferred Charges----------
Intangibles970M970M970M970M970M970M970M---
Deposits & Other Assets786M774M717M534M530M633M626M606M277M375M
Total Assets
25.11B23.29B21.31B20.2B19.35B18.6B18.07B15.46B14.27B14.31B
Notes Payable----------
Accounts Payable1.32B1.18B1.19B1.2B1.25B1.11B1.06B739M746M668M
Current Portion Long-Term Debt348M566M637M258M629M271M644M505M190M163M
Current Portion Capital Leases----------
Accrued Expenses1.78B1.99B2.59B1.57B1.23B1.1B996M863M696M1.01B
Income Taxes Payable----------
Other Current Liabilities3.46B3.12B2.99B2.9B2.57B2.17B1.84B1.2B1.04B963M
Total Current Liabilities
6.91B6.84B7.41B5.92B5.68B4.65B4.53B3.31B2.68B2.81B
Mortgages----------
Deferred Taxes/Income2.36B3.37B2.49B3.26B2.93B2.95B2.64B2.58B2.8B3.05B
Convertible Debt----------
Long-Term Debt4.71B3.9B3.3B2.99B2.63B2.88B3.11B2.88B3.33B3.5B
Non-Current Capital Leases----------
Other Long-Term Liabilities707M728M760M1.26B771M1.12B910M465M--
Total Liabilities
14.68B14.85B13.95B13.43B12.01B11.6B11.19B9.23B8.8B9.36B
Minority Interest----------
Preferred Stock----------
Common Stock Net808M808M808M808M808M808M808M808M808M808M
Capital Surplus1.45B1.41B1.37B1.32B1.23B1.21B1.22B1.18B1.22B1.22B
Retained Earnings14.62B11.42B9.41B7.42B6.43B5.77B5.4B5.4B4.98B4.92B
Treasury Stock6.46B4.87B3.18B2.03B1.13B675M324M891M963M1.01B
Other Liabilities12M-323M-1.05B-738M-3M-119M-224M-262M-578M-984M
Shareholders Equity10.43B8.44B7.36B6.78B7.34B6.99B6.88B6.24B5.47B4.95B
Total Liabilities & Shareholders Equity25.11B23.29B21.31B20.2B19.35B18.6B18.07B15.46B14.27B14.31B
All figures in USD. M: Millions of USD, B: Billions of USD.
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Looking at Southwest Airlines historical stock prices and the current Southwest Airlines stock price can tell you how the stock price has moved, whereas the Southwest Airlines PE ratio chart shows if its shares are overpriced in comparison to peers. The important things to look for in a balance sheet are:

  • Assets: An asset is a resource that a corporation like Southwest Airlines owns and has monetary significance. LUV assets grew from $23.29B in 2016 to $25.11B in 2017. Assets can be of two types: fixed assets like real estate, plant and machinery; and current assets which includes cash, accounts receivable etc. Tech stocks typically don't have too many assets.
  • Liabilities: This item on the balance sheet implies the firm's, in this case Southwest Airlines's, legal obligations including loans, accounts payable, deferred revenue, accrued expenses and mortgages. The total liabilities for LUV stock stand at $14.68B.

Southwest Airlines Balance Sheet - Key Ratios

Current ratio
0.7
Debt to equity ratio
0.51
Asset turnover ratio
0.88
Receivables turnover
32.54
Price to book ratio
3.81