Southwest Airlines 2009 Annual Report Download - page 31

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Item 6. Selected Financial Data
The following financial information for the five years ended December 31, 2009, 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.
Year ended December 31,
2009 2008 2007 2006 2005
(in millions, except per share amounts)
Financial Data:
Operating revenues ............... $ 10,350 $ 11,023 $ 9,861 $ 9,086 $ 7,584
Operating expenses ............... 10,088 10,574 9,070 8,152 6,859
Operating income ................. 262 449 791 934 725
Other expenses (income) net ........ 98 171 (267) 144 (54)
Income before taxes ............... 164 278 1,058 790 779
Provision for income taxes ......... 65 100 413 291 295
Net Income ...................... $ 99 $ 178 $ 645 $ 499 $ 484
Net income per share, basic ......... $ .13 $ .24 $ .85 $ .63 $ .61
Net income per share, diluted ....... $ .13 $ .24 $ .84 $ .61 $ .60
Cash dividends per common share . . . $ .0180 $ .0180 $ .0180 $ .0180 $ .0180
Total assets at period-end .......... $ 14,269 $ 14,068 $ 16,772 $ 13,460 $ 14,003
Long-term obligations at
period-end .................... $ 3,325 $ 3,498 $ 2,050 $ 1,567 $ 1,394
Stockholders’ equity at period-end . . . $ 5,466 $ 4,953 $ 6,941 $ 6,449 $ 6,675
Operating Data:
Revenue passengers carried ......... 86,310,229 88,529,234 88,713,472 83,814,823 77,693,875
Enplaned passengers .............. 101,338,228 101,920,598 101,910,809 96,276,907 88,379,900
Revenue passenger miles (RPMs)
(000s) ........................ 74,456,710 73,491,687 72,318,812 67,691,289 60,223,100
Available seat miles (ASMs) (000s) . . 98,001,550 103,271,343 99,635,967 92,663,023 85,172,795
Load factor (1) ................... 76.0% 71.2% 72.6% 73.1% 70.7%
Average length of passenger haul
(miles) ....................... 863 830 815 808 775
Average aircraft stage length
(miles) ....................... 639 636 629 622 607
Trips flown ...................... 1,125,111 1,191,151 1,160,699 1,092,331 1,028,639
Average passenger fare ............ $ 114.61 $ 119.16 $ 106.60 $ 104.40 $ 93.68
Passenger revenue yield per RPM .... 13.29¢ 14.35¢ 13.08¢ 12.93¢ 12.09¢
Operating revenue yield per ASM .... 10.56¢ 10.67¢ 9.90¢ 9.81¢ 8.90¢
Operating expenses per ASM ....... 10.29¢ 10.24¢ 9.10¢ 8.80¢ 8.05¢
Fuel costs per gallon, including taxes
(average) ..................... $ 2.12 $ 2.44 $ 1.80 $ 1.64 $ 1.13
Fuel consumed, in gallons
(millions) ..................... 1,428 1,511 1,489 1,389 1,287
Fulltime equivalent Employees at
period-end .................... 34,726 35,499 34,378 32,664 31,729
Aircraft in service at period-end (2) . . . 537 537 520 481 445
(1) Revenue passenger miles divided by available seat miles
(2) Includes leased aircraft
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