Southwest Airlines 1996 Annual Report Download - page 2

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2
CONSOLIDATED HIGHLIGHTS
(DOLLARS IN THOUSANDS PERCENT
EXCEPT PER SHARE AMOUNTS) 1996 1995 CHANGE
Operating revenues $3,406,170 $2,872,751 18.6
Operating expenses $3,055,335 $2,559,220 19.4
Operating income $350,835 $313,531 11.9
Operating margin 10.3% 10.9% (0.6)pts.
Net income $207,337 $182,626 13.5
Net margin 6.1% 6.4% (0.3)pts.
Net income per common and common equivalent share $1.37 $1.23 11.4
Stockholders’ equity $1,648,312 $1,427,318 15.5
Return on average stockholders’ equity 13.5% 13.7% (0.2)pts.
Debt as a percentage of invested capital 28.3% 31.7% (3.4)pts.
Stockholders’ equity per common share outstanding $11.36 $9.91 14.6
Revenue passengers carried 49,621,504 44,785,573 10.8
Revenue passenger miles (RPMs)(000s) 27,083,483 23,327,804 16.1
Available seat miles (ASMs)(000s) 40,727,495 36,180,001 12.6
Passenger load factor 66.5% 64.5% 2.0 pts.
Passenger revenue yield per RPM 12.07¢ 11.83¢ 2.0
Operating revenue yield per ASM 8.36¢ 7.94¢ 5.3
Operating expenses per ASM 7.50¢ 7.07¢ 6.1
Number of Employees at yearend 22,944 19,933 15.1
NET INCOME
(in millions)
1992 1993 1994 1995 1996
0
50
100
150
200
250
1992 1993 1994 1995 1996
$97
$154
$179
$183
$207