Southwest Airlines 2011 Annual Report Download - page 49

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Item 6. Selected Financial Data
The following financial information for the five years ended December 31, 2011, 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. This financial information includes the operations
of AirTran since the May 2, 2011 acquisition date, but prior to that date only includes the operations of Southwest.
Year ended December 31,
2011 2010 2009 2008 2007
Financial Data (in millions, except per
share amounts):
Operating revenues ............... $ 15,658 $ 12,104 $ 10,350 $ 11,023 $ 9,861
Operating expenses ............... 14,965 11,116 10,088 10,574 9,070
Operating income ................ 693 988 262 449 791
Other expenses (income) net ........ 370 243 98 171 (267)
Income before taxes .............. 323 745 164 278 1,058
Provision for income taxes ......... 145 286 65 100 413
Net income ................. $ 178 $ 459 $ 99 $ 178 $ 645
Net income per share, basic .... $ .23 $ .62 $ .13 $ .24 $ .85
Net income per share, diluted . . . $ .23 $ .61 $ .13 $ .24 $ .84
Cash dividends per common share . . . $ .0180 $ .0180 $ .0180 $ .0180 $ .0180
Total assets at period-end .......... $ 18,068 $ 15,463 $ 14,269 $ 14,068 $ 16,772
Long-term obligations at
period-end .................... $ 3,107 $ 2,875 $ 3,325 $ 3,498 $ 2,050
Stockholders’ equity at
period-end .................... $ 6,877 $ 6,237 $ 5,454 $ 4,953 $ 6,941
Operating Data:
Revenue passengers carried ........ 103,973,759 88,191,322 86,310,229 88,529,234 88,713,472
Enplaned passengers .............. 127,551,012 106,227,521 101,338,228 101,920,598 101,910,809
Revenue passenger miles (RPMs)
(000s) ....................... 97,582,530 78,046,967 74,456,710 73,491,687 72,318,812
Available seat miles (ASMs)
(000s) ....................... 120,578,736 98,437,092 98,001,550 103,271,343 99,635,967
Load factor (1) ................... 80.9% 79.3% 76.0% 71.2% 72.6%
Average length of passenger haul
(miles) ....................... 939 885 863 830 815
Average aircraft stage length
(miles) ....................... 679 648 639 636 629
Trips flown ..................... 1,317,977 1,114,451 1,125,111 1,191,151 1,160,699
Average passenger fare ............ $ 141.72 $ 130.27 $ 114.61 $ 119.16 $ 106.60
Passenger revenue yield per RPM
(cents) ....................... 15.10 14.72 13.29 14.35 13.08
Operating revenue per ASM
(cents) ....................... 12.99 12.30 10.56 10.67 9.90
Operating expenses per ASM
(cents) ....................... 12.41 11.29 10.29 10.24 9.10
Fuel costs per gallon, including
fuel tax ...................... $ 3.19 $ 2.51 $ 2.12 $ 2.44 $ 1.80
Fuel consumed, in gallons
(millions) ..................... 1,764 1,437 1,428 1,511 1,489
Active fulltime equivalent
Employees .................... 45,392 34,901 34,726 35,499 34,378
Aircraft in service at
period-end (2) ................. 698 548 537 537 520
(1) Revenue passenger miles divided by available seat miles.
(2) Includes leased aircraft and excludes aircraft that are not available for service or are in storage, held for sale, or held for
return to the lessor.
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