Southwest Airlines 2004 Annual Report Download - page 29

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Item 6. Selected Financial Data
The following Ñnancial information for the Ñve years ended December 31, 2004, has been derived from the
Company's Consolidated Financial Statements. This information should be read in conjunction with the Consolidated
Financial Statements and related notes thereto included elsewhere herein.
Years Ended December 31,
2004 2003 2002 2001 2000
(In millions, except per share amounts)
Financial Data:
Operating revenuesÏÏÏÏÏÏÏÏÏÏÏÏÏ $ 6,530 $ 5,937 $ 5,522 $ 5,555 $ 5,650
Operating expensesÏÏÏÏÏÏÏÏÏÏÏÏÏ 5,976 5,454 5,105 4,924 4,628
Operating incomeÏÏÏÏÏÏÏÏÏÏÏÏÏÏ 554 483 417 631 1,022
Other expenses (income) net ÏÏÏÏ 65 (225) 24 (197) 4
Income before income taxesÏÏÏÏÏÏ 489 708 393 828 1,018
Provision for income taxes ÏÏÏÏÏÏÏ 176 266 152 317 392
Net income(3)ÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ $ 313 $ 442 $ 241 $ 511 $ 626
Net income per share, basicÏÏÏÏÏÏ $ .40 $ .56 $ .31 $ .67 $ .84
Net income per share, diluted ÏÏÏÏ $ .38 $ .54 $ .30 $ .63 $ .79
Cash dividends per common share $ .0180 $ .0180 $ .0180 $ .0180 $ .0148
Total assets at period-end ÏÏÏÏÏÏÏ $ 11,337 $ 9,878 $ 8,954 $ 8,997 $ 6,670
Long-term obligations at period-
end ÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ $ 1,700 $ 1,332 $ 1,553 $ 1,327 $ 761
Stockholders' equity at period-end $ 5,524 $ 5,052 $ 4,422 $ 4,014 $ 3,451
Operating Data:
Revenue passengers carriedÏÏÏÏÏÏÏ 70,902,773 65,673,945 63,045,988 64,446,773 63,678,261
Enplaned passengers ÏÏÏÏÏÏÏÏÏÏÏÏ 81,066,038 74,719,340 72,462,123 73,628,723 72,566,817
Revenue passenger miles (RPMs)
(000s) ÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ 53,418,353 47,943,066 45,391,903 44,493,916 42,215,162
Available seat miles (ASMs)
(000s) ÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ 76,861,296 71,790,425 68,886,546 65,295,290 59,909,965
Load factor(1)ÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ 69.5% 66.8% 65.9% 68.1% 70.5%
Average length of passenger haul
(miles)ÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ 753 730 720 690 663
Average stage length (miles)ÏÏÏÏÏ 576 558 537 514 492
Trips ÖownÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ 981,591 949,882 947,331 940,426 903,754
Average passenger fare ÏÏÏÏÏÏÏÏÏÏ $ 88.57 $ 87.42 $ 84.72 $ 83.46 $ 85.87
Passenger revenue yield per RPM 11.76„ 11.97„ 11.77„ 12.09„ 12.95„
Operating revenue yield per ASM 8.50„ 8.27„ 8.02„ 8.51„ 9.43„
Operating expenses per ASMÏÏÏÏÏ 7.77„ 7.60„ 7.41„ 7.54„ 7.73„
Operating expenses per ASM,
excluding fuel ÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ 6.47„ 6.44„ 6.30„ 6.36„ 6.38„
Fuel cost per gallon (average) ÏÏÏÏ 82.8„ 72.3„ 68.0„ 70.9„ 78.7„
Number of Employees at year-end 31,011 32,847 33,705 31,580 29,274
Size of Öeet at year-end(2) ÏÏÏÏÏÏ 417 388 375 355 344
(1) Revenue passenger miles divided by available seat miles.
(2) Includes leased aircraft.
(3) Before cumulative eÅect of change in accounting principle.
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