Southwest Airlines 2006 Annual Report Download - page 34

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Item 6. Selected Financial Data
The following financial information for the five years ended December 31, 2006, 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.
2006 2005 2004 2003 2002
Years Ended December 31,
(in millions, except per share amounts)
Financial Data:
Operating revenues .............. $ 9,086 $ 7,584 $ 6,530 $ 5,937 $ 5,522
Operating expenses .............. 8,152 6,859 6,126 5,558 5,181
Operating income ............... 934 725 404 379 341
Other expenses (income) net ...... 144 (54) 65 (225) 24
Income before income taxes........ 790 779 339 604 317
Provision for income taxes ......... 291 295 124 232 129
Net income ................... $ 499 $ 484 $ 215 $ 372 $ 188
Net income per share, basic ........ $ .63 $ .61 $ .27 $ .48 $ .24
Net income per share, diluted ...... $ .61 $ .60 $ .27 $ .46 $ .23
Cash dividends per common share . . . $ .0180 $ .0180 $ .0180 $ .0180 $ .0180
Total assets at period-end ......... $ 13,460 $ 14,003 $ 11,137 $ 9,693 $ 8,766
Long-term obligations at period-end. . $ 1,567 $ 1,394 $ 1,700 $ 1,332 $ 1,553
Stockholders’ equity at period-end . . . $ 6,449 $ 6,675 $ 5,527 $ 5,029 $ 4,374
Operating Data:
Revenue passengers carried ........ 83,814,823 77,693,875 70,902,773 65,673,945 63,045,988
Enplaned passengers ............. 96,276,907 88,379,900 81,066,038 74,719,340 72,462,123
Revenue passenger miles (RPMs)
(000s) .................... 67,691,289 60,223,100 53,418,353 47,943,066 45,391,903
Available seat miles (ASMs)
(000s) .................... 92,663,023 85,172,795 76,861,296 71,790,425 68,886,546
Load factor(1)................. 73.1% 70.7% 69.5% 66.8% 65.9%
Average length of passenger haul
(miles) .................... 808 775 753 730 720
Average stage length (miles) ....... 622 607 576 558 537
Trips flown ................... 1,092,331 1,028,639 981,591 949,882 947,331
Average passenger fare ........... $ 104.40 $ 93.68 $ 88.57 $ 87.42 $ 84.72
Passenger revenue yield per RPM .... 12.93¢ 12.09¢ 11.76¢ 11.97¢ 11.77¢
Operating revenue yield per ASM.... 9.81¢ 8.90¢ 8.50¢ 8.27¢ 8.02¢
Operating expenses per ASM ....... 8.80¢ 8.05¢ 7.97¢ 7.74¢ 7.52¢
Operating expenses per ASM,
excluding fuel ................ 6.49¢ 6.48¢ 6.67¢ 6.59¢ 6.41¢
Fuel cost per gallon (average) ...... $ 1.53 $ 1.03 $ .83 $ .72 $ .68
Number of Employees at year-end . . . 32,664 31,729 31,011 32,847 33,705
Size of fleet at year-end(2) ........ 481 445 417 388 375
(1) Revenue passenger miles divided by available seat miles.
(2) Includes leased aircraft.
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