Southwest Airlines 2005 Annual Report Download - page 15

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SOUTHWEST AIRLINES CO. ANN UAL REPORT 2005
14
TEN-YEAR SUMMARY Selected Consolidated Financial Data
(Dollars in millions, except per share amounts) 2005 2004
Operating revenues:
Passenger(2) $ 7,279 $ 6,28 0
Freight 1 3 3 1 1 7
Other(2) 1 7 2 1 3 3
Total operating revenues 7,584 6,53 0
Operating expenses 6,764 5,97 6
Operating income 820 554
Other expenses (income), net (54) 6 5
Income before income taxes 874 489
Provision for income taxes 3 26 1 76
Net income $ 548 $ 3 1 3
Net income per share, basic $ .70 $ .40
Net income per share, diluted $ .67 $ . 3 8
Cash dividends per common share $ . 0 1 8 0 $ . 0 1 80
Total assets $ 14,2 1 8 $ 1 1,3 3 7
Long-term debt less current maturities $ 1,394 $ 1,700
Stockholders’ equity $ 6,675 $ 5,5 24
CONSOLIDATED FINANCIAL RATIOS
Return on average total assets(6) 4.3% 3.0%
Return on average stockholders’ equity(6) 9.0% 5.9%
Operating margin 10.8% 8.5%
Net margin(6) 7.2% 4.8%
CONSOLIDATED OPERATING STATISTICS
Revenue passengers carried 77,6 9 3,8 75 70,902,773
Enplaned passengers 88,3 7 9,900 8 1 ,066,038
RPMs (000s) 60 ,2 2 3 ,100 53,4 1 8 ,353
ASMs (000s) 8 5 ,1 7 2 ,795 76,8 6 1 ,296
Passenger load factor 70.7% 69.5%
Average length of passenger haul (miles) 775 753
Average stage length (miles) 607 576
Trips flown 1,028 ,639 9 8 1 ,5 9 1
Average passenger fare(2) $93.68 $88.5 7
Passenger revenue yield per RPM(2) 12.09¢ 1 1.76¢
Operating revenue yield per ASM 8.90¢ 8.50¢
Operating expenses per ASM 7.94¢ 7.77¢
Operating expenses per ASM, excluding fuel 6.37¢ 6.47¢
Fuel cost per gallon (average) 1 03.3¢ 82.8¢
Fuel consumed, in gallons (millions) 1,287 1,2 0 1
Number of Employees at yearend 31,729 31 ,0 1 1
Size of fleet at yearend( 1) 445 4 1 7
2003(4) 2002(3)
$ 5 ,741 $ 5,34 1
94 85
102 96
5,937 5,522
5,454 5,105
483 4 1 7
(225) 24
708 393
266 152
$ 442 $ 24 1
$ .56 $ .3 1
$ .54 $ .30
$ .0 1 80 $ . 0 1 80
$ 9,878 $ 8,954
$ 1,332 $ 1,553
$ 5,052 $ 4,422
4.7% 2.7%
9.3% 5.7%
8.1% 7.6%
7.4% 4.4%
65,673,945 63,045,988
74,719,340 72,462 ,1 23
47,943,066 45,391,903
71,790,425 68,886,546
66.8% 65.9%
730 720
558 537
949,882 947, 3 3 1
$87.42 $84.72
11.97¢ 1 1.77¢
8.27¢ 8.02¢
7.60¢ 7.41¢
6.44¢ 6.30¢
72.3¢ 68.0¢
1 ,1 4 3 1 , 1 1 7
32,847 33,705
388 375
(1) Includes leased aircraft
(2) Includes effect of reclassification of revenue reported in 1999 through
1996 related to the sale of flight segment credits from Other to Passenger
due to an accounting change in 2000
(3) Certain figures in 2001 and 2002 include special items related to the
September 11, 2001, terrorist attacks and Stabilization Act grant
(4) Certain figures in 2003 include special items related to the Wartime Act grant
(5) After cumulative effect of change in accounting principle
(6) Before cumulative effect of change in accounting principle