Southwest Airlines 2006 Annual Report Download - page 52
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SOUTHWEST AIRLINES CO.
CONSOLIDATED STATEMENT OF INCOME
2006 2005 2004
Years Ended December 31,
(In millions, except
per share amounts)
OPERATING REVENUES:
Passenger .................................................... $8,750 $7,279 $6,280
Freight ...................................................... 134 133 117
Other ....................................................... 202 172 133
Total operating revenues........................................ 9,086 7,584 6,530
OPERATING EXPENSES:
Salaries, wages, and benefits ....................................... 3,052 2,782 2,578
Fuel and oil .................................................. 2,138 1,341 1,000
Maintenance materials and repairs ................................... 468 446 472
Aircraft rentals ................................................ 158 163 179
Landing fees and other rentals ..................................... 495 454 408
Depreciation and amortization ..................................... 515 469 431
Other operating expenses ......................................... 1,326 1,204 1,058
Total operating expenses ....................................... 8,152 6,859 6,126
OPERATING INCOME........................................... 934 725 404
OTHER EXPENSES (INCOME):
Interest expense ............................................... 128 122 88
Capitalized interest ............................................. (51) (39) (39)
Interest income ................................................ (84) (47) (21)
Other (gains) losses, net ......................................... 151 (90) 37
Total other expenses (income) ................................... 144 (54) 65
INCOME BEFORE INCOME TAXES ................................ 790 779 339
PROVISION FOR INCOME TAXES ................................. 291 295 124
NET INCOME ................................................. $ 499 $ 484 $ 215
NET INCOME PER SHARE, BASIC ................................. $ .63 $ .61 $ .27
NET INCOME PER SHARE, DILUTED .............................. $ .61 $ .60 $ .27
See accompanying notes.
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