Southwest Airlines 2007 Annual Report Download - page 36

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Item 6. Selected Financial Data
The following financial information for the five years ended December 31, 2007, 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.
2007 2006 2005 2004 2003
Year Ended December 31,
(in millions, except per share amounts)
Financial Data:
Operating revenues ............. $ 9,861 $ 9,086 $ 7,584 $ 6,530 $ 5,937
Operating expenses ............. 9,070 8,152 6,859 6,126 5,558
Operating income .............. 791 934 725 404 379
Other expenses (income) net...... (267) 144 (54) 65 (225)
Income before taxes ............ 1,058 790 779 339 604
Provision for income taxes ........ 413 291 295 124 232
Net Income . . . ............... $ 645 $ 499 $ 484 $ 215 $ 372
Net income per share, basic ....... $ .85 $ .63 $ .61 $ .27 $ .48
Net income per share, diluted ..... $ .84 $ .61 $ .60 $ .27 $ .46
Cash dividends per common share . . $ .0180 $ .0180 $ .0180 $ .0180 $ .0180
Total assets at period-end ........ $ 16,772 $ 13,460 $ 14,003 $ 11,137 $ 9,693
Long-term obligations at period-
end ...................... $ 2,050 $ 1,567 $ 1,394 $ 1,700 $ 1,332
Stockholders’ equity at period-end . . $ 6,941 $ 6,449 $ 6,675 $ 5,527 $ 5,029
Operating Data:
Revenue passengers carried ....... 88,713,472 83,814,823 77,693,875 70,902,773 65,673,945
Enplaned passengers ............ 101,910,809 96,276,907 88,379,900 81,066,038 74,719,340
Revenue passenger miles (RPMs)
(000s).................... 72,318,812 67,691,289 60,223,100 53,418,353 47,943,066
Available seat miles (ASMs)
(000s).................... 99,635,967 92,663,023 85,172,795 76,861,296 71,790,425
Load factor(1) . ............... 72.6% 73.1% 70.7% 69.5% 66.8%
Average length of passenger haul
(miles) ................... 815 808 775 753 730
Average aircraft stage length
(miles) ................... 629 622 607 576 558
Trips flown . . . ............... 1,160,699 1,092,331 1,028,639 981,591 949,882
Average passenger fare .......... $ 106.60 $ 104.40 $ 93.68 $ 88.57 $ 87.42
Passenger revenue yield per RPM . . 13.08¢ 12.93¢ 12.09¢ 11.76¢ 11.97¢
Operating revenue yield per ASM . . 9.90¢ 9.81¢ 8.90¢ 8.50¢ 8.27¢
Operating expenses per ASM ..... 9.10¢ 8.80¢ 8.05¢ 7.97¢ 7.74¢
Fuel costs per gallon (average) .... $ 1.70 $ 1.53 $ 1.03 $ 0.83 $ 0.72
Fuel consumed, in gallons
(millions) . . ............... 1,489 1,389 1,287 1,201 1,143
Fulltime equivalent Employees at
period-end . . ............... 34,378 32,664 31,729 31,011 32,847
Size of fleet at period-end(2) ..... 520 481 445 417 388
(1) Revenue passenger miles divided by available seat miles.
(2) Includes leased aircraft.
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