Southwest Airlines 1994 Annual Report Download - page 3

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Consolidated Highlights
Southwest Airlines – 1994 Annual Report Page 3
Consolidated Highlights
(Dollars in thousands except per share amounts)
1994 1993 Percent Change
Operating revenues $2,591,933 $2,296,673 12.9
Operating expenses $2,275,224 $2,004,700 13.5
Operating income $316,709 $291,973 8.5
Operating margin 12.2% 12.7% (0.5)pts.
Net income (1) $179,331 $154,284 16.2
Net margin (1) 6.9% 6.7% 0.2pts.
Net income per common and
common equivalent share (1) $1.22 $1.05 16.2
Stockholders equity $1,238,706 $1,054,019 17.5
Return on average stockholders equity (1) 15.6% 16.0% (0.4)pts.
Debt as a percentage of invested capital 32.0% 37.7% (5.7)pts.
Stockholders equity per common share
outstanding $8.65 $7.38 17.2
Revenue passengers carried 42,742,602 36,955,221 15.7
Revenue passenger miles (RPM) (000s) 21,611,266 18,827,288 14.8
Available seat miles (ASM) (000s) 32,123,974 27,511,000 16.8
Passenger load factor 67.3% 68.4% (1.1)pts
Passenger revenue yield per RPM 11.56¢ 11.77¢ (1.8)
Operating revenue yield per ASM 8.07¢ 8.35¢ (3.4)
Operating expenses per ASM 7.08¢ 7.25¢ (2.3)
Number of Employees at yearend 16,818 15,175 10.8
(1) 1993 amounts exclude cumulative effect of accounting changes