Southwest Airlines 2009 Annual Report Download - page 59
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SOUTHWEST AIRLINES CO.
CONSOLIDATED STATEMENT OF INCOME
(In millions, except per share amounts)
YEARS ENDED DECEMBER 31,
2009 2008 2007
OPERATING REVENUES:
Passenger ..................................................... $ 9,892 $10,549 $9,457
Freight ....................................................... 118 145 130
Other ......................................................... 340 329 274
Total operating revenues ..................................... 10,350 11,023 9,861
OPERATING EXPENSES:
Salaries, wages, and benefits ...................................... 3,468 3,340 3,213
Fuel and oil .................................................... 3,044 3,713 2,690
Maintenance materials and repairs .................................. 719 721 616
Aircraft rentals ................................................. 186 154 156
Landing fees and other rentals ..................................... 718 662 560
Depreciation and amortization ..................................... 616 599 555
Other operating expenses ......................................... 1,337 1,385 1,280
Total operating expenses ..................................... 10,088 10,574 9,070
OPERATING INCOME ............................................ 262 449 791
OTHER EXPENSES (INCOME):
Interest expense ................................................ 186 130 119
Capitalized interest .............................................. (21) (25) (50)
Interest income ................................................. (13) (26) (44)
Other (gains) losses, net .......................................... (54) 92 (292)
Total other expenses (income) ................................. 98 171 (267)
INCOME BEFORE INCOME TAXES ................................ 164 278 1,058
PROVISION FOR INCOME TAXES ................................. 65 100 413
NET INCOME .................................................... $ 99 $ 178 $ 645
NET INCOME PER SHARE, BASIC ................................. $ .13 $ .24 $ .85
NET INCOME PER SHARE, DILUTED .............................. $ .13 $ .24 $ .84
See accompanying notes.
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