Southwest Airlines Co. (LUV) quarterly balance sheet — complete assets, liabilities & equity history
| Total Current Assets | 5.97B | 5.64B | 5.39B | 6.09B | 10.73B | 11.27B | 11.93B | 12.75B | 13.28B | 13.96B | 14.63B | 14.66B |
| Cash & Short-Term Investments | 3.33B | 3.23B | 3.02B | 3.84B | 8.25B | 8.72B | 9.38B | 10B | 10.51B | 11.47B | 11.73B | 12.18B |
| Cash Only | 3.33B | 3.23B | 2.9B | 3.48B | 8.13B | 7.51B | 8.5B | 8.14B | 8.37B | 9.29B | 9.5B | 9.16B |
| Short-Term Investments | 0 | 0 | 116M | 364M | 118M | 1.22B | 879M | 1.86B | 2.15B | 2.19B | 2.24B | 3.02B |
| Accounts Receivable | 1.25B | 1.15B | 1.12B | 1.01B | 1.08B | 1.11B | 1.18B | 1.35B | 1.35B | 1.15B | 1.47B | 1.23B |
| Days Sales Outstanding | 14.92 | 14.01 | 14.11 | 13.13 | 15.32 | 15.18 | 16.89 | 16.71 | 18.03 | 17.67 | 19.03 | 16.05 |
| Inventory | 833M | 775M | 792M | 773M | 786M | 800M | 770M | 784M | 812M | 807M | 799M | 714M |
| Days Inventory Outstanding | 11.1 | 12.15 | 12.43 | 12.05 | 12.83 | 12.67 | 12.43 | 12.39 | 12.91 | 12.12 | 12.77 | 12.48 |
| Other Current Assets | 0 | 490M | 467M | 467M | 618M | 639M | 601M | 619M | 603M | 520M | 632M | 535M |
| Total Non-Current Assets | 23.39B | 23.42B | 22.92B | 22.62B | 22.48B | 22.48B | 22.92B | 22.81B | 22.74B | 22.53B | 22.35B | 21.86B |
| Property, Plant & Equipment | 20.38B | 21.33B | 20.87B | 20.64B | 20.46B | 20.43B | 20.87B | 20.8B | 20.74B | 20.6B | 20.36B | 19.93B |
| Fixed Asset Turnover | 0.35x | 0.35x | 0.33x | 0.35x | 0.31x | 0.34x | 0.33x | 0.35x | 0.31x | 0.33x | 0.32x | 0.36x |
| Goodwill | 970M | 970M | 970M | 970M | 970M | 970M | 970M | 970M | 970M | 970M | 970M | 970M |
| Intangible Assets | 0 | 296M | 295M | 295M | 299M | 300M | 300M | 300M | 295M | 296M | 296M | 296M |
| Long-Term Investments | 0 | 457M | 433M | 394M | 352M | 367M | 354M | 302M | 286M | 280M | 249M | 255M |
| Other Non-Current Assets | 2.04B | 359M | 345M | 317M | 397M | 414M | 419M | 443M | 443M | 388M | 471M | 406M |
| Total Assets | 29.36B | 29.06B | 28.31B | 28.71B | 33.21B | 33.75B | 34.85B | 35.56B | 36.02B | 36.49B | 36.98B | 36.52B |
| Asset Turnover | 0.25x | 0.26x | 0.24x | 0.23x | 0.19x | 0.20x | 0.20x | 0.21x | 0.17x | 0.19x | 0.18x | 0.20x |
| Asset Growth % | -11.61% | -13.89% | -18.75% | -19.26% | -7.79% | -7.5% | -5.77% | -2.62% | 1.33% | 3.16% | 2.88% | -4.66% |
| Total Current Liabilities | 12.48B | 10.92B | 10.99B | 10.89B | 13.9B | 12.28B | 13.49B | 14.11B | 12.22B | 12.26B | 12.11B | 11.73B |
| Accounts Payable | 2.11B | 389M | 503M | 278M | 396M | 339M | 389M | 330M | 281M | 265M | 329M | 305M |
| Days Payables Outstanding | 17.27 | 6.92 | 6.2 | 5.21 | 5.95 | 5.87 | 5.75 | 4.74 | 4.36 | 4.48 | 5.35 | 4.97 |
| Short-Term Debt | 851M | 324M | 23M | 22M | 2.61B | 1.63B | 2.93B | 2.93B | 28M | 29M | 30M | 31M |
| Deferred Revenue (Current) | 7.05B | 5.95B | 6.86B | 6.7B | 7.06B | 6.29B | 6.74B | 7.09B | 7.64B | 6.55B | 7.25B | 7.12B |
| Other Current Liabilities | 300M | 1.6B | 1.29B | 1.25B | 1.23B | 1.43B | 1.27B | 1.22B | 1.69B | 3.04B | 2.46B | 2.07B |
| Current Ratio | 0.48x | 0.52x | 0.49x | 0.56x | 0.77x | 0.92x | 0.88x | 0.90x | 1.09x | 1.14x | 1.21x | 1.25x |
| Quick Ratio | 0.41x | 0.45x | 0.42x | 0.49x | 0.72x | 0.85x | 0.83x | 0.85x | 1.02x | 1.07x | 1.14x | 1.19x |
| Cash Conversion Cycle | 8.74 | 19.25 | 20.33 | 19.97 | 22.2 | 21.97 | 23.57 | 24.35 | 26.59 | 25.31 | 26.45 | 23.57 |
| Total Non-Current Liabilities | 10B | 10.16B | 9.54B | 9.82B | 9.95B | 11.12B | 10.95B | 10.98B | 13.6B | 13.72B | 13.81B | 14B |
| Long-Term Debt | 4.54B | 4.58B | 4.08B | 4.08B | 4.09B | 5.07B | 5.08B | 5.07B | 7.97B | 7.98B | 7.98B | 7.99B |
| Capital Lease Obligations | 709M | 768M | 846M | 915M | 970M | 1.03B | 888M | 915M | 953M | 985M | 1.04B | 1.08B |
| Deferred Tax Liabilities | 2.35B | 2.29B | 2.21B | 2.19B | 2.12B | 2.17B | 2.09B | 2.09B | 1.98B | 2.04B | 2.16B | 2.06B |
| Other Non-Current Liabilities | 2.4B | 877M | 1.14B | 1.04B | 923M | 909M | 933M | 926M | 937M | 981M | 880M | 936M |
| Total Liabilities | 22.48B | 21.08B | 20.54B | 20.71B | 23.85B | 23.4B | 24.44B | 25.1B | 25.82B | 25.97B | 25.93B | 25.73B |
| Total Debt | 5.39B | 5.98B | 5.26B | 5.34B | 8B | 8.06B | 9.1B | 9.11B | 9.16B | 9.2B | 9.27B | 9.33B |
| Net Debt | 2.06B | 2.75B | 2.36B | 1.87B | -139M | 549M | 592M | 967M | 794M | -88M | -224M | 170M |
| Debt / Equity | 0.78x | 0.75x | 0.68x | 0.67x | 0.85x | 0.78x | 0.87x | 0.87x | 0.90x | 0.87x | 0.84x | 0.86x |
| Debt / EBITDA | 7.40x | 7.85x | 12.26x | 8.55x | 46.21x | 11.76x | 19.11x | 11.36x | 610.73x | 836.36x | 18.85x | 8.03x |
| Net Debt / EBITDA | 2.83x | 3.61x | 5.49x | 2.99x | -0.80x | 0.80x | 1.24x | 1.21x | 52.93x | -8.00x | -0.46x | 0.15x |
| Interest Coverage | 7.86x | 14.13x | 4.09x | 11.77x | -4.49x | 8.00x | 2.65x | 9.69x | -4.14x | -3.93x | 5.02x | 15.77x |
| Total Equity | 6.88B | 7.98B | 7.78B | 8B | 9.37B | 10.35B | 10.41B | 10.46B | 10.2B | 10.52B | 11.05B | 10.79B |
| Equity Growth % | -26.59% | -22.89% | -25.31% | -23.55% | -8.15% | -1.57% | -5.82% | -3% | -1.03% | -1.61% | 1.19% | -2.98% |
| Book Value per Share | 13.67 | 15.32 | 14.78 | 14.79 | 16.04 | 16.15 | 17.32 | 16.28 | 17.08 | 17.64 | 17.27 | 16.88 |
| Total Shareholders' Equity | 6.88B | 7.98B | 7.78B | 8B | 9.37B | 10.35B | 10.41B | 10.46B | 10.2B | 10.52B | 11.05B | 10.79B |
| Common Stock | 888M | 888M | 888M | 888M | 888M | 888M | 888M | 888M | 888M | 888M | 888M | 888M |
| Retained Earnings | 16.53B | 16.39B | 16.16B | 16.2B | 16.08B | 16.33B | 16.18B | 16.22B | 15.96B | 16.3B | 16.66B | 16.57B |
| Treasury Stock | -14.8B | -13.59B | -13.55B | -13.3B | -11.79B | -11.04B | -10.8B | -10.8B | -10.81B | -10.82B | -10.83B | -10.83B |
| Accumulated OCI | -1M | -24M | -6M | -35M | -24M | -25M | -37M | 11M | 19M | 0 | 201M | 58M |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |