Southwest Airlines Co. (LUV) quarterly cash flow statement — complete operating, investing & financing history
| Cash from Operations | 1.42B | 295M | 287M | 401M | 860M | 476M | 113M | -23M | -104M | 425M | 616M | 1.42B |
| Operating CF Margin % | 19.56% | 3.96% | 4.13% | 5.54% | 13.38% | 6.87% | 1.64% | -0.31% | -1.64% | 6.23% | 9.44% | 20.12% |
| Operating CF Growth % | 64.88% | -38.03% | 153.98% | 1843.48% | 926.92% | 12% | -81.66% | -101.62% | -114.73% | -26.6% | 163.25% | -25.71% |
| Net Income | 227M | 323M | 54M | 213M | -149M | 261M | 67M | 367M | -231M | -252M | 193M | 683M |
| Depreciation & Amortization | 398M | 371M | 394M | 400M | 396M | 407M | 438M | 404M | 408M | 415M | 375M | 367M |
| Stock-Based Compensation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Taxes | 57M | 85M | 14M | 66M | -43M | 70M | 19M | 111M | -68M | -55M | 57M | 209M |
| Other Non-Cash Items | -40M | -8M | 1M | 7M | -3M | -135M | 14M | 3M | 1M | -48M | 38M | -118M |
| Working Capital Changes | 776M | -476M | -176M | -285M | 659M | -127M | -425M | -908M | -214M | 365M | -47M | 269M |
| Change in Receivables | -93M | -13M | -82M | 90M | 57M | 99M | 193M | 34M | -308M | 315M | -216M | 44M |
| Change in Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 122M | -136M | 14M |
| Change in Payables | -79M | 427M | 11M | -95M | -126M | 0 | -196M | -576M | -897M | 742M | 352M | 364M |
| Cash from Investing | -445M | -742M | -428M | -882M | 623M | 73M | 458M | -206M | -585M | -664M | -64M | -627M |
| Capital Expenditures | -630M | -859M | -678M | -635M | -501M | -461M | -500M | -500M | -592M | -718M | -850M | -933M |
| CapEx % of Revenue | 8.69% | 11.54% | 9.76% | 8.77% | 7.79% | 6.65% | 7.28% | 6.8% | 9.35% | 10.52% | 13.03% | 13.26% |
| Acquisitions | 0 | 0 | 0 | 24M | 0 | 0 | 0 | 0 | 0 | 69M | 842M | -917M |
| Investments | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Investing | 185M | 1M | 0 | -24M | 21M | 868M | -27M | 6M | -35M | -69M | -842M | 917M |
| Cash from Financing | -876M | 776M | -432M | -4.18B | -858M | -1.54B | -210M | 4M | -232M | 30M | -213M | 10M |
| Debt Issued (Net) | 494M | 828M | -5M | -2.59B | -5M | -1.31B | -11M | -8M | -8M | -7M | -11M | -8M |
| Equity Issued (Net) | -1.23B | -37M | -236M | -1.49B | -733M | -236M | 16M | 15M | 15M | 12M | 14M | 13M |
| Dividends Paid | -93M | 0 | -189M | -103M | -107M | 1M | -216M | 0 | -215M | 0 | -214M | 0 |
| Share Repurchases | -1.25B | -50M | -250M | -1.5B | -750M | -250M | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Financing | -43M | -15M | -2M | 3M | -13M | 2M | 1M | -3M | -24M | 25M | -2M | 5M |
| Net Change in Cash | 97M | 329M | -573M | -4.66B | 625M | -994M | 361M | -225M | -921M | -209M | 339M | 799M |
| Free Cash Flow | 788M | -564M | -391M | -234M | 359M | 16M | -414M | -523M | -696M | -293M | -234M | 483M |
| FCF Margin % | 10.87% | -7.58% | -5.63% | -3.23% | 5.58% | 0.23% | -6.03% | -7.11% | -11% | -4.29% | -3.59% | 6.86% |
| FCF Growth % | 119.5% | -3625% | 5.56% | 55.26% | 151.58% | 105.46% | -76.92% | -208.28% | -101.16% | 62.68% | 72.31% | -47.27% |
| FCF per Share | 1.57 | -1.08 | -0.74 | -0.43 | 0.61 | 0.02 | -0.69 | -0.81 | -1.17 | -0.49 | -0.37 | 0.76 |
| FCF Conversion (FCF/Net Income) | 6.25x | 0.91x | 5.31x | 1.88x | -5.77x | 1.82x | 1.69x | -0.06x | 0.45x | -1.69x | 3.19x | 2.07x |
| Interest Paid | 0 | 0 | 3M | 53M | 11M | 96M | 14M | 92M | 18M | 94M | 19M | 96M |
| Taxes Paid | 0 | 0 | 0 | 4M | 1M | 2M | 0 | 4M | 3M | 9M | 1M | 6M |