Southwest Airlines 1996 Annual Report Download - page 55

Download and view the complete annual report

Please find page 55 of the 1996 Southwest Airlines annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 56

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56

55
SOUTHWEST AIRLINES CO.
TEN YEAR SUMMARY
SELECTED CONSOLIDATED FINANCIAL DATA(1)
(IN THOUSANDS EXCEPT PER SHARE AMOUNTS) 1996 1995 1994 1993 1992 1991 1990
Operating revenues:
Passenger $3,269,238 $2,760,756 $2,497,765 $2,216,342 $1,623,828 $1,267,897 $1,144,421
Freight 80,005 65,825 54,419 42,897 33,088 26,428 22,196
Other 56,927 46,170 39,749 37,434 146,063 84,961 70,659
Total operating revenues 3,406,170 2,872,751 2,591,933 2,296,673 1,802,979 1,379,286 1,237,276
Operating expenses 3,055,335 2,559,220 2,275,224 2,004,700 1,609,175 1,306,675 1,150,015
Operating income 350,835 313,531 316,709 291,973 193,804 72,611 87,261
Other expenses (income), net 9,473 8,391 17,186 32,336 36,361 18,725 6,827(6)
Income before income taxes 341,362 305,140 299,523 259,637 157,443 53,886 80,434
Provision for income taxes(3) 134,025 122,514 120,192 105,353 60,058 20,738 29,829
Net income(3) $207,337 $182,626 $179,331 $154,284(4) $97,385(5) $33,148 $50,605
Net income per common and common equivalent share(3) $1.37 $1.23 $1.22 $1.05(4) $.68(5) $.25 $.39
Cash dividends per common share $.04284 $.04000 $.04000 $.03867 $.03533 $.03333 $.03223
Total assets $3,723,479 $3,256,122 $2,823,071 $2,576,037 $ 2,368,856 $ 1,854,331 $ 1,480,813
Long-term debt $650,226 $661,010 $583,071 $639,136 $735,754 $617,434 $327,553
Stockholders’ equity $1,648,312 $1,427,318 $1,238,706 $1,054,019 $879,536 $635,793 $607,294
CONSOLIDATED FINANCIAL RATIOS(1)
Return on average total assets 5.9% 6.0% 6.6% 6.2%(4) 4.6%(5) 2.0% 3.5%
Return on average stockholders’ equity 13.5% 13.7% 15.6% 16.0%(4) 12.9%(5) 5.3% 8.4%
Debt as a percentage of invested capital 28.3% 31.7% 32.0% 37.7% 45.5% 49.3% 35.0%
CONSOLIDATED OPERATING STATISTICS(2)
Revenue passengers carried 49,621,504 44,785,573 42,742,602(11) 36,955,221(11) 27,839,284 22,669,942 19,830,941
RPMs (000s) 27,083,483 23,327,804 21,611,266 18,827,288 13,787,005 11,296,183 9,958,940
ASMs (000s) 40,727,495 36,180,001 32,123,974 27,511,000 21,366,642 18,491,003 16,411,115
Load factor 66.5% 64.5% 67.3% 68.4% 64.5% 61.1% 60.7%
Average length of passenger haul 546 521 506 509 495 498 502
Trips flown 748,634 685,524 624,476 546,297 438,184 382,752 338,108
Average passenger fare $65.88 $61.64 $58.44 $59.97 $58.33 $55.93 $57.71
Passenger revenue yield per RPM 12.07¢ 11.83¢ 11.56¢ 11.77¢ 11.78¢ 11.22¢ 11.49¢
Operating revenue yield per ASM 8.36¢ 7.94¢ 8.07¢ 8.35¢ 7.89¢ 7.10¢ 7.23¢
Operating expenses per ASM 7.50¢ 7.07¢ 7.08¢ 7.25¢(12) 7.03¢ 6.76¢ 6.73¢
Fuel cost per gallon (average) 65.47¢ 55.22¢ 53.92¢ 59.15¢ 60.82¢ 65.69¢ 77.89¢
Number of Employees at yearend 22,944 19,933 16,818 15,175 11,397 9,778 8,620
Size of fleet at yearend(13) 243 224 199 178 141 124 106