Southwest Airlines 2010 Annual Report Download - page 42

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Item 6. Selected Financial Data
The following financial information for the five years ended December 31, 2010, 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,
2010 2009 2008 2007 2006
(in millions, except per share amounts)
Financial Data:
Operating revenues ........... $ 12,104 $ 10,350 $ 11,023 $ 9,861 $ 9,086
Operating expenses ........... 11,116 10,088 10,574 9,070 8,152
Operating income ............ 988 262 449 791 934
Other expenses (income) net .... 243 98 171 (267) 144
Income before taxes .......... 745 164 278 1,058 790
Provision for income taxes ..... 286 65 100 413 291
Net Income ................. $ 459 $ 99 $ 178 $ 645 $ 499
Net income per share, basic ..... $ .62 $ .13 $ .24 $ .85 $ .63
Net income per share, diluted . . . $ .61 $ .13 $ .24 $ .84 $ .61
Cash dividends per common
share .................... $ .0180 $ .0180 $ .0180 $ .0180 $ .0180
Total assets at period-end ...... $ 15,463 $ 14,269 $ 14,068 $ 16,772 $ 13,460
Long-term obligations at
period-end ................ $ 2,875 $ 3,325 $ 3,498 $ 2,050 $ 1,567
Stockholders’ equity at
period-end ................ $ 6,237 $ 5,454 $ 4,953 $ 6,941 $ 6,449
Operating Data:
Revenue passengers carried .... 88,191,322 86,310,229 88,529,234 88,713,472 83,814,823
Enplaned passengers .......... 114,213,010 101,338,228 101,920,598 101,910,809 96,276,907
Revenue passenger miles (RPMs)
(000s) .................... 78,046,967 74,456,710 73,491,687 72,318,812 67,691,289
Available seat miles (ASMs)
(000s) .................... 98,437,092 98,001,550 103,271,343 99,635,967 92,663,023
Load factor (1) ............... 79.3% 76.0% 71.2% 72.6% 73.1%
Average length of passenger haul
(miles) ................... 885 863 830 815 808
Average aircraft stage length
(miles) ................... 648 639 636 629 622
Trips flown ................. 1,114,451 1,125,111 1,191,151 1,160,699 1,092,331
Average passenger fare ........ $ 130.27 $ 114.61 $ 119.16 $ 106.60 $ 104.40
Passenger revenue yield per
RPM .................... 14.72¢ 13.29¢ 14.35¢ 13.08¢ 12.93¢
Operating revenue yield per
ASM .................... 12.30¢ 10.56¢ 10.67¢ 9.90¢ 9.81¢
Operating expenses per ASM . . . 11.29¢ 10.29¢ 10.24¢ 9.10¢ 8.80¢
Fuel costs per gallon, including
taxes (average) ............. $ 2.51 $ 2.12 $ 2.44 $ 1.80 $ 1.64
Fuel consumed, in gallons
(millions) ................. 1,437 1,428 1,511 1,489 1,389
Fulltime equivalent Employees at
period-end ................ 34,901 34,726 35,499 34,378 32,664
Aircraft in service at
period-end (2) ............. 548 537 537 520 481
(1) Revenue passenger miles divided by available seat miles
(2) Includes leased aircraft
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