Southwest Airlines 1998 Annual Report Download - page 64

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64
SOUTHWEST AIRLINES CO. ¤ SIX STORIES OF FREEDOM
TEN-YEAR SUMMARY
SELECTED CONSOLIDATED FINANCIAL DATA
(1)
(In thousands except per share amounts) 1998 1997 1996 1995
Operating revenues:
Passenger $3,963,781 $3,639,193 $3,269,238 $2,760,756
Freight 98,500 94,758 80,005 65,825
Other 101,699 82,870 56,927 46,170
Total operating revenues 4,163,980 3,816,821 3,406,170 2,872,751
Operating expenses 3,480,369 3,292,585 3,055,335 2,559,220
Operating income 683,611 524,236 350,835 313,531
Other expenses (income), net (21,501) 7,280 9,473 8,391
Income before income taxes 705,112 516,956 341,362 305,140
Provision for income taxes (3) 271,681 199,184 134,025 122,514
Net income (3) $433,431 $317,772 $207,337 $182,626
Net income per share, basic (3) $1.30 $.97 $.64 $.56
Net income per share, diluted (3) $1.23 $.93 $.61 $.55
Cash dividends per common share $.02834 $.02206 $.01955 $.01778
Total assets $4,715,996 $4,246,160 $3,723,479 $3,256,122
Long-term debt $623,309 $628,106 $650,226 $661,010
Stockholders’ equity $2,397,918 $2,009,018 $1,648,312 $1,427,318
CONSOLIDATED FINANCIAL RATIOS (1)
Return on average total assets 9.7 % 8.0 % 5.9 % 6.0 %
Return on average stockholders’ equity 19.7 % 17.4 % 13.5 % 13.7 %
CONSOLIDATED OPERATING STATISTICS (2)
Revenue passengers carried 52,586,400 50,399,960 49,621,504 44,785,573
RPMs (000s) 31,419,110 28,355,169 27,083,483 23,327,804
ASMs (000s) 47,543,515 44,487,496 40,727,495 36,180,001
Passenger load factor 66.1% 63.7% 66.5% 64.5%
Average length of passenger haul 597 563 546 521
Trips flown 806,822 786,288 748,634 685,524
Average passenger fare $75.38 $72.21 $65.88 $61.64
Passenger revenue yield per RPM 12.62¢ 12.84¢ 12.07¢ 11.83¢
Operating revenue yield per ASM 8.76¢ 8.58¢ 8.36¢ 7.94¢
Operating expenses per ASM 7.32¢ 7.40¢ 7.50¢ 7.07¢
Fuel cost per gallon (average) 45.67¢ 62.46¢ 65.47¢ 55.22¢
Number of Employees at yearend 25,844 23,974 22,944 19,933
Size of fleet at yearend (10) 280 261 243 224