Southwest Airlines 1995 Annual Report Download - page 2

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2
Consolidated Highlights
(dollars in thousands except per share amounts)
1995 1994 Percent Change
Operating revenues _______________________ $2,872,751 $2,591,933 10.8
Operating expenses _______________________ $2,559,220 $2,275,224 12.5
Operating income _________________________ $313,531 $316,709 (1.0)
Operating margin _________________________ 10.9% 12.2% (1.3) pts.
Net income __________________________ $182,626 $179,331 1.8
Net margin __________________________ 6.4% 6.9% (0.5) pts.
Net income per common and
common equivalent share _______________ $1.23 $1.22 0.8
Stockholders’ equity _______________________ $1,427,318 $1,238,706 15.2
Return on average stockholders’ equity ________ 13.7% 15.6% (1.9) pts.
Debt as a percentage of invested capital _______ 31.7% 32.0% (0.3) pts.
Stockholders’ equity per common share
outstanding __________________________ $9.91 $8.65 14.6
Revenue passengers carried ________________ 44,785,573 42,742,602 4.8
Revenue passenger miles (RPM) (000s) _______ 23,327,804 21,611,266 7.9
Available seat miles (ASM) (000s) ____________ 36,180,001 32,123,974 12.6
Passenger load factor ______________________ 64.5% 67.3% (2.8) pts.
Passenger revenue yield per RPM ____________ 11.83¢ 11.56¢ 2.3
Operating revenue yield per ASM ____________ 7.94¢ 8.07¢ (1.6)
Operating expenses per ASM________________ 7.07¢ 7.08¢ (0.1)
Number of Employees at yearend ____________ 19,933 16,818 18.5
Net Income (in millions)
1991 1992 1993 1994 1995
$33 $97 $154 $179 $183
Net Income Per Share
1991 1992 1993 1994 1995
$.25 $.68 $1.05 $1.22 $1.23