Southwest Airlines 2015 Annual Report Download - page 48

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Year ended December 31,
2015 2014 2013 2012 2011
Financial Data (in millions, except per share amounts):
Operating revenues $ 19,820 $ 18,605 $ 17,699 $ 17,088 $ 15,658
Operating expenses 15,704 16,380 16,421 16,465 14,965
Operating income 4,116 2,225 1,278 623 693
Other expenses (income) net 637 409 69 (62) 370
Income before taxes 3,479 1,816 1,209 685 323
Provision for income taxes 1,298 680 455 264 145
Net income $ 2,181 $ 1,136 $ 754 $ 421 $ 178
Net income per share, basic $ 3.30 $ 1.65 $ 1.06 $ 0.56 $ 0.23
Net income per share, diluted $ 3.27 $ 1.64 $ 1.05 $ 0.56 $ 0.23
Cash dividends per common share $ 0.2850 $ 0.2200 $ 0.1300 $ 0.0345 $ 0.0180
Total assets at period-end (1) $ 21,312 $ 19,723 $ 19,177 $ 18,350 $ 17,805
Long-term obligations at period-end $ 2,541 $ 2,434 $ 2,191 $ 2,883 $ 3,107
Stockholders’ equity at period-end $ 7,358 $ 6,775 $ 7,336 $ 6,992 $ 6,877
Operating Data:
Revenue passengers carried 118,171,211 110,496,912 108,075,976 109,346,509 103,973,759
Enplaned passengers 144,574,882 135,767,188 133,155,030 133,978,100 127,551,012
Revenue passenger miles (RPMs) (000s) (2) 117,499,879 108,035,133 104,348,216 102,874,979 97,582,530
Available seat miles (ASMs) (000s) (3) 140,501,409 131,003,957 130,344,072 128,137,110 120,578,736
Load factor (4) 83.6% 82.5% 80.1% 80.3% 80.9%
Average length of passenger haul (miles) 994 978 966 941 939
Average aircraft stage length (miles) 750 721 703 693 679
Trips flown 1,267,358 1,255,502 1,312,785 1,361,558 1,317,977
Seats flown (5) 184,955,094 179,733,055 183,563,527 184,208,891 177,469,069
Seats per trip (6) 145.94 143.16 139.83 135.92 134.65
Average passenger fare (12) $ 154.85 $ 159.80 $ 154.72 $ 147.17 $ 141.90
Passenger revenue yield per RPM (cents) (7)(12) 15.57 16.34 16.02 15.64 15.12
Operating revenue per ASM (cents) (8) 13.98 14.20 13.58 13.34 12.99
Passenger revenue per ASM (cents) (9)(12) 13.02 13.48 12.83 12.56 12.24
Operating expenses per ASM (cents) (10) 11.18 12.50 12.60 12.85 12.41
Operating expenses per ASM, excluding fuel (cents) 8.61 8.46 8.18 8.07 7.73
Operating expenses per ASM, excluding fuel and
profitsharing (cents) 8.17 8.19 8.01 7.98 7.65
Fuel costs per gallon, including fuel tax $ 1.90 $ 2.93 $ 3.16 $ 3.30 $ 3.19
Fuel costs per gallon, including fuel tax, economic $ 2.07 $ 2.92 $ 3.12 $ 3.28 $ 3.19
Fuel consumed, in gallons (millions) 1,901 1,801 1,818 1,847 1,764
Active fulltime equivalent Employees 49,583 46,278 44,381 45,861 45,392
Aircraft at end of period (11) 704 665 681 694 698
(1) Historical amounts have been restated to align with current presentation. See Note 1 to the Consolidated Financial Statements for
further information.
(2) A revenue passenger mile is one paying passenger flown one mile. Also referred to as “traffic,” which is a measure of demand for a
given period.
(3) An available seat mile is one seat (empty or full) flown one mile. Also referred to as “capacity,” which is a measure of the space
available to carry passengers in a given period.
(4) Revenue passenger miles divided by available seat miles.
(5) Seats flown is calculated using total number of seats available by aircraft type multiplied by the total trips flown by the same aircraft
type during a particular period.
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