Southwest Airlines 1996 Annual Report Download - page 56

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56
(1) The Selected Consolidated Financial Data and Consolidated Financial Ratios for 1992 through 1989 have been restated to include the financial results of Morris Air Corporation (Morris). Years prior to 1989 were
immaterial for restatement purposes
(2) Prior to 1993, Morris operated as a charter carrier; therefore, no Morris statistics are included for these years
(3) Pro forma for 1992 through 1989 assuming Morris, an S-Corporation prior to 1993, was taxed at statutory rates
(4) Excludes cumulative effect of accounting changes of $15.3 million ($.10 per share)
(5) Excludes cumulative effect of accounting change of $12.5 million ($.09 per share)
(6) Includes $2.6 million gains on sales of aircraft and $3.1 million from the sale of certain financial assets
(7) Includes $10.8 million gains on sales of aircraft, $5.9 million from the sale of certain financial assets, and $2.3 million from the settlement of a contingency
(8) Includes $5.6 million gains on sales of aircraft and $3.6 million from the sale of certain financial assets
(9) Includes TranStar Airlines Corporation’s (TranStar) results through June 30, 1987
(10) Includes $10.1 million net gains from the discontinuance of TranStar’s operations and $4.3 million from the sale of certain financial assets
(11) Includes certain estimates for Morris
(12) Excludes merger expenses of $10.8 million
(13) Includes leased aircraft