Southwest Airlines 2007 Annual Report Download - page 15

TEN-YEAR SUMMARY Selected Consolidated Financial Data (GAAP)
(Dollars in millions, except per share amounts)
Operating revenues:
Passenger(2)
Freight
Other(2)
Total operating revenues
Operating expenses
Operating income
Other expenses (income), net
Income before income taxes
Provision for income taxes
Net income
Net income per share, basic
Net income per share, diluted
Cash dividends per common share
Total assets
Long-term debt less current maturities
Stockholders’ equity
CONSOLIDATED FINANCIAL RATIOS
Return on average total assets
Return on average stockholders’ equity
Operating margin
Net margin
CONSOLIDATED OPERATING STATISTICS
Revenue passengers carried
Enplaned passengers
RPMs (000s)
ASMs (000s)
Passenger load factor
Average length of passenger haul (miles)
Average stage length (miles)
Trips flown
Average passenger fare(2)
Passenger revenue yield per RPM(2)
Operating revenue yield per ASM
Operating expenses per ASM
Operating expenses per ASM, excluding fuel
Fuel cost per gallon (average)
Fuel consumed, in gallons (millions)
Fulltime equivalent Employees at yearend
Size of fleet at yearend(1)
(1) Includes leased aircraft
(2) Includes effect of reclassication of revenue reported in 1999
and 1998 related to the sale of ight segment credits from Other to
Passenger due to the accounting change in 2000
(3) Certain gures include special items related to the September 11,
2001, terrorist attacks and Stabilization Act grant
(4) Includes special items. See note
(5) After cumulative effect of change in accounting principle
NOTE: The schedule included on the inside cover of this report reconciles non-GAAP financial measures included
in the report to net income as reported by the Company by excluding certain special items. The special items,
which are net of profitsharing and income taxes as appropriate, consist primarily of: a government grant received
under the Emergency Wartime Supplemental Appropriations Act as a result of the U.S. war with Iraq (2003);
certain changes in state tax laws (2006, 2007); certain gains or losses for derivative instruments associated with
the Company’s fuel hedging program, recorded as a result of SFAS 133, “Accounting for Derivative Instruments
and Hedging Activities,” as amended (2003, 2004, 2005, 2006, 2007); out of period retroactive pay associated
with the execution of certain labor agreements (2004); and charges associated with voluntary early-out programs
offered to Employees (2004, 2007). In management’s view, comparative analysis of results can be enhanced by
excluding the impact of these items as the amounts are not indicative of the Company’s operating performance
for the applicable period, nor should they be considered in developing trend analysis for future periods.
2004(4)
$ 6,280
117
133
6,530
6,126
404
65
339
124
$ 215
$ .27
$ .27
$ .0180
$ 11,137
$ 1,700
$ 5,527
2.1 %
4.1 %
6.2 %
3.3 %
70,902,773
81,066,038
53,418,353
76,861,296
69.5 %
753
576
981,591
$88.57
11.76 ¢
8.50 ¢
7.97 ¢
6.67 ¢
82.8 ¢
1,201
31,011
417
2005(4)
$ 7,279
133
172
7,584
6,859
725
(54)
779
295
$ 484
$ .61
$ .60
$ .0180
$ 14,003
$ 1,394
$ 6,675
3.9 %
7.9 %
9.6 %
6.4 %
77,693,875
88,379,900
60,223,100
85,172,795
70.7 %
775
607
1,028,639
$93.68
12.09 ¢
8.90 ¢
8.05 ¢
6.48 ¢
103.3 ¢
1,287
31,729
445
2006(4)
$ 8,750
134
202
9,086
8,152
934
144
790
291
$ 499
$ .63
$ .61
$ .0180
$ 13,460
$ 1,567
$ 6,449
3.6 %
7.6 %
10.3 %
5.5 %
83,814,823
96,276,907
67,691,289
92,663,023
73.1 %
808
622
1,092,331
$104.40
12.93 ¢
9.81 ¢
8.80 ¢
6.49 ¢
153.0 ¢
1,389
32,664
481
2007(4)
$ 9,457
130
274
9,861
9,070
791
(267)
1,058
413
$ 645
$ .85
$ .84
$ .0180
$ 16,772
$ 2,050
$ 6,941
4.3 %
9.6 %
8.0 %
6.5 %
88,713,472
101,910,809
72,318,812
99,635,967
72.6 %
815
629
1,160,699
$106.60
13.08 ¢
9.90 ¢
9.10 ¢
6.56 ¢
170.0 ¢
1,489
34,378
520
14 SOUTHWEST AIRLINES CO. ANNUAL REPORT 2007