Southwest Airlines 2005 Annual Report Download - page 30

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Item 6. Selected Financial Data
The following financial information for the five years ended December 31, 2005, 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,
2005 2004 2003 2002 2001
(In millions, except per share amounts)
Financial Data:
Operating revenuesÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ $ 7,584 $ 6,530 $ 5,937 $ 5,522 $ 5,555
Operating expensesÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ 6,764 5,976 5,454 5,105 4,924
Operating incomeÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ 820 554 483 417 631
Other expenses (income) net ÏÏÏÏÏÏ (54) 65 (225) 24 (197)
Income before income taxesÏÏÏÏÏÏÏÏ 874 489 708 393 828
Provision for income taxes ÏÏÏÏÏÏÏÏÏ 326 176 266 152 317
Net incomeÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ $ 548 $ 313 $ 442 $ 241 $ 511
Net income per share, basicÏÏÏÏÏÏÏÏ $ .70 $ .40 $ .56 $ .31 $ .67
Net income per share, diluted ÏÏÏÏÏÏ $ .67 $ .38 $ .54 $ .30 $ .63
Cash dividends per common share ÏÏÏ $ .0180 $ .0180 $ .0180 $ .0180 $ .0180
Total assets at period-end ÏÏÏÏÏÏÏÏÏ $ 14,218 $ 11,337 $ 9,878 $ 8,954 $ 8,997
Long-term obligations at period-end $ 1,394 $ 1,700 $ 1,332 $ 1,553 $ 1,327
Stockholders' equity at period-end ÏÏÏ $ 6,675 $ 5,524 $ 5,052 $ 4,422 $ 4,014
Operating Data:
Revenue passengers carriedÏÏÏÏÏÏÏÏÏ 77,693,875 70,902,773 65,673,945 63,045,988 64,446,773
Enplaned passengers ÏÏÏÏÏÏÏÏÏÏÏÏÏÏ 88,379,900 81,066,038 74,719,340 72,462,123 73,628,723
Revenue passenger miles (RPMs)
(000s) ÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ 60,223,100 53,418,353 47,943,066 45,391,903 44,493,916
Available seat miles (ASMs) (000s) 85,172,795 76,861,296 71,790,425 68,886,546 65,295,290
Load factor(1)ÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ 70.7% 69.5% 66.8% 65.9% 68.1%
Average length of passenger haul
(miles)ÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ 775 753 730 720 690
Average stage length (miles)ÏÏÏÏÏÏÏ 607 576 558 537 514
Trips flownÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ 1,028,639 981,591 949,882 947,331 940,426
Average passenger fare ÏÏÏÏÏÏÏÏÏÏÏÏ $ 93.68 $ 88.57 $ 87.42 $ 84.72 $ 83.46
Passenger revenue yield per RPM ÏÏÏ 12.09„ 11.76„ 11.97„ 11.77„ 12.09„
Operating revenue yield per ASM ÏÏÏ 8.90„ 8.50„ 8.27„ 8.02„ 8.51„
Operating expenses per ASMÏÏÏÏÏÏÏ 7.94„ 7.77„ 7.60„ 7.41„ 7.54„
Operating expenses per ASM,
excluding fuel ÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ 6.37„ 6.47„ 6.44„ 6.30„ 6.36„
Fuel cost per gallon (average) ÏÏÏÏÏÏ $ 1.03 $ .83 $ .72 $ .68 $ .71
Number of Employees at year-end ÏÏÏ 31,729 31,011 32,847 33,705 31,580
Size of fleet at year-end(2) ÏÏÏÏÏÏÏÏ 445 417 388 375 355
(1) Revenue passenger miles divided by available seat miles.
(2) Includes leased aircraft.
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