Southwest Airlines 1999 Annual Report Download - page 48

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QUARTERLY FINANCIAL DATA (UNAUDITED)
THREE MONTHS ENDED
(In thousands except per share amounts)
MARCH 31 JUNE 30 SEPT. 30 DEC. 31
1999
Operating revenues $1,075,571 $1,220,432 $1,235,166 $1,204,418
Operating income 166,617 254,331 206,463 154,165
Income before income taxes 156,102 256,598 207,949 152,962
Net income 95,847 157,757 126,978 93,796
Net income per share, basic .19 .31 .25 .19
Net income per share, diluted .18 .29 .24 .18
1998
Operating revenues $942,653 $1,078,841 $1,094,830 $1,047,656
Operating income 111,693 208,548 203,919 159,451
Income before income taxes 114,057 216,547 211,055 163,453
Net income 70,008 133,393 129,645 100,385
Net income per share, basic .14 .27 .26 .20
Net income per share, diluted .13 .25 .24 .19
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 August 1998
and July 1999 three-for-two stock splits, were:
PERIOD DIVIDENDS HIGH LOW
1999
1st Quarter $.00500 $22.92 $14.92
2nd Quarter .00550 23.58 19.54
3rd Quarter .00550 22.29 14.38
4th Quarter .00550 18.81 15.00
1998
1st Quarter $.00445 $14.28 $10.22
2nd Quarter .00445 13.81 11.22
3rd Quarter .00500 15.58 11.46
4th Quarter .00500 15.83 10.21
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