Southwest Airlines 1998 Annual Report Download - page 63

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63
SOUTHWEST AIRLINES CO. ¤ SIX STORIES OF FREEDOM
QUARTERLY FINANCIAL DATA (UNAUDITED)
THREE MONTHS ENDED
(In thousands except per share amounts)
MARCH 31 JUNE 30 SEPT. 30 DEC. 31
1998
Operating revenues $942,653 $1,078,841 $1,094,830 $1,047,656
Operating income 111,693 208,548 203,919 159,451
Income before income taxes 114,057 216,547 211,055 163,453
Net income 70,008 133,393 129,645 100,385
Net income per share, basic .21 .40 .39 .30
Net income per share, diluted .20 .38 .37 .29
1997
Operating revenues $887,095 $956,892 $997,241 $975,593
Operating income 87,203 156,407 151,770 128,856
Income before income taxes 83,401 153,823 150,387 129,345
Net income 50,874 93,832 92,511 80,555
Net income per share, basic .16 .29 .28 .24
Net income per share, diluted .15 .28 .27 .23
COMMON STOCK PRICE RANGES AND DIVIDENDS
Southwest’s common stock is listed on the New York Stock Exchange and is traded
under the symbol LUV. The high and low sales prices of the common stock on the
Composite Tape and the quarterly dividends per share, as adjusted for the November
1997 and July 1998 three-for-two stock splits, were:
PERIOD DIVIDENDS HIGH LOW
1998
1st Quarter $.00667 $21.42 $15.33
2nd Quarter .00667 20.71 16.83
3rd Quarter .00750 23.38 17.19
4th Quarter .00750 23.75 15.31
1997
1st Quarter $.00513 $11.11 $9.45
2nd Quarter .00513 12.45 9.55
3rd Quarter .00513 14.75 11.55
4th Quarter .00667 17.50 12.55