Southwest Airlines 1997 Annual Report Download - page 52

Download and view the complete annual report

Please find page 52 of the 1997 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 58

  • 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
  • 57
  • 58

52
SOUTHWEST AIRLINES CO. ♥ FIVE SYMBOLS OF FREEDOM
QUARTERLY FINANCIAL DATA (UNAUDITED)
THREE MONTHS ENDED
(IN THOUSANDS EXCEPT PER
SHARE AMOUNTS) March 31 June 30 Sept. 30 Dec. 31
1997
Operating revenues $887,095 $956,892 $997,241 $975,593
Operating income 87,203 156,407 151,770 128,856
Income before income taxes 83,401 153,823 150,387 129,345
Net income 50,874 93,832 92,511 80,555
Net income per share, basic .23 .43 .42 .36
Net income per share, diluted .23 .42 .41 .35
1996
Operating revenues $772,529 $910,308 $891,492 $831,841
Operating income 57,393 142,206 102,934 48,302
Income before income taxes 54,771 139,989 100,243 46,359
Net income 33,000 85,316 60,85828,163
Net income per share, basic .15 .39 .28 .13
Net income per share, diluted .15 .38 .27 .13
COMMON STOCK PRICE RANGES AND DIVIDENDS
Southwest’s common stock is listed on the New York Stock Exchange and is traded
under the symbol LUV. The high and low sales prices of the common stock on the
Composite Tape and the quarterly dividends per share, as adjusted for the November
1997 three-for-two stock split, were:
PERIOD DIVIDENDS HIGH LOW
1997
1st Quarter $.00770 $16.67 $14.17
2nd Quarter .00770 18.67 14.33
3rd Quarter .00770 22.13 17.33
4th Quarter .01000 26.25 18.83
1996
1st Quarter $.00733 $22.00 $14.75
2nd Quarter .00733 22.17 17.17
3rd Quarter .00733 19.33 14.25
4th Quarter .00733 17.33 13.75