Southwest Airlines 2011 Annual Report Download - page 111
Download and view the complete annual report
Please find page 111 of the 2011 Southwest Airlines annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.-
1 -
2
-
3
-
4
-
5
-
6
-
7
-
8
-
9
-
10
-
11
-
12
-
13
-
14
-
15
-
16
-
17
-
18
-
19
-
20
-
21
-
22
-
23
-
24
-
25
-
26
-
27
-
28
-
29
-
30
-
31
-
32
-
33
-
34
-
35
-
36
-
37
-
38
-
39
-
40
-
41
-
42
-
43
-
44
-
45
-
46
-
47
-
48
-
49
-
50
-
51
-
52
-
53
-
54
-
55
-
56
-
57
-
58
-
59
-
60
-
61
-
62
-
63
-
64
-
65
-
66
-
67
-
68
-
69
-
70
-
71
-
72
-
73
-
74
-
75
-
76
-
77
-
78
-
79
-
80
-
81
-
82
-
83
-
84
-
85
-
86
-
87
-
88
-
89
-
90
-
91
-
92
-
93
-
94
-
95
-
96
-
97
-
98
-
99
-
100
-
101 -
102 -
103 -
104 -
105 -
106 -
107 -
108 -
109 -
110 -
111 -
112 -
113 -
114 -
115 -
116 -
117 -
118 -
119 -
120 -
121 -
122
-
123
-
124
-
125
-
126
-
127
-
128
-
129
-
130
-
131
-
132
-
133
-
134
-
135
-
136
-
137
-
138
-
139
-
140
-
141
 |
 |
December 31, 2010
Fair value measurements at reporting date using:
Description
Quoted prices in
active markets
for identical assets
(Level 1)
Significant
other observable
inputs
(Level 2)
Significant
unobservable
inputs
(Level 3)
(in millions)
Assets
Cash equivalents ....................... $1,261 $1,261 $ — $ —
Short-term investments:
Treasury bills ...................... 2,010 2,010 — —
Certificates of deposit ............... 267 — 267 —
Noncurrent investments (a) ............... 93 — — 93
Interest rate derivatives .................. 73 — 73 —
Fuel derivatives:
Swap contracts (b) .................. 286 — 286 —
Option contracts (b) ................ 788 — — 788
Swap contracts (c) .................. 33 — 33 —
Option contracts (c) ................. 233 — — 233
Other available-for-sale securities ......... 39 34 — 5
Total assets ........................... $5,083 $3,305 $ 659 $1,119
Liabilities
Fuel derivatives:
Swap contracts (b) .................. $ (476) $ — $(476) $ —
Option contracts (b) ................ (216) — — (216)
Swap contracts (c) .................. (387) — (387) —
Option contracts (c) ................. (119) — — (119)
Interest rate derivatives .................. (4) — (4) —
Deferred Compensation ................. (109) (109) — —
Total liabilities ........................ $(1,311) $ (109) $(867) $ (335)
(a) Auction rate securities included in Other assets in the Consolidated Balance Sheet.
(b) In the Consolidated Balance Sheet, amounts are presented as a net asset, and are also net of cash collateral
received from counterparties. See Note 10.
(c) In the Consolidated Balance Sheet, amounts are presented as a net liability, and are also net of cash
collateral provided to counterparties. See Note 10.
105