Southwest Airlines 2015 Annual Report Download - page 123
Download and view the complete annual report
Please find page 123 of the 2015 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
-
142
-
143
-
144
-
145
-
146
-
147
-
148
 |
 |
Fair value measurements at reporting date using:
Description December 31, 2014
Quoted prices in
active markets
for identical assets
(Level 1)
Significant
other observable
inputs
(Level 2)
Significant
unobservable
inputs
(Level 3)
Assets (in millions)
Cash equivalents
Cash equivalents (a) $ 1,110 $ 1,110 $ — $ —
Commercial paper 70 — 70 —
Certificates of deposit 4 — 4 —
Eurodollar Time Deposits 98 — 98 —
Short-term investments:
Treasury bills 1,450 1,450 — —
Certificates of deposit 256 — 256 —
Interest rate derivatives (see Note 10) 13 — 13 —
Fuel derivatives:
Swap contracts (b) 455 — 455 —
Option contracts (b) 892 — — 892
Other available-for-sale securities 95 63 — 32
Total assets $ 4,443 $ 2,623 $ 896 $ 924
Liabilities
Fuel derivatives:
Swap contracts (b) $ (365) $ — $ (365) $ —
Option contracts (b) (1,983) — — (1,983)
Interest rate derivatives (see Note 10) (61) — (61) —
Total liabilities $ (2,409) $ — $ (426) $ (1,983)
(a) Cash equivalents are primarily composed of money market investments.
(b) In the Consolidated Balance Sheet amounts are presented as a net liability. See Note 10.
115