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Southwest Airlines Co (LUV) Annual Balance Sheets

Annual · GAAP · USD millions
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From Southwest Airlines Co through Dec 31 2021, shifts in Dec 31 2025's assets and liabilities provide insight into the company's capital structure and financial stability.
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Annual Report, GAAP in USD millions
ITEM 		(Dec 31 2025)
(Dec 31 2024) (Dec 31 2023) (Dec 31 2022) (Dec 31 2021)
Assets
Cash & cash equivalent3,231.00
Short-term Investments, Total0.00
Cash & Short-term Investments3,231.00
Accounts receivable1,149.00
Inventories775.00
Prepaid Expense And Other Assets Current490.00
Total Current Assets5,645.00
Equipment/Property/Plant Net20,245.00
Goodwill net970.00
Other Assets2,201.00
Deposits On Flight Equipment401.00
Total Assets29,061.00
Liabilities
Accounts Payable, Current AC1,991.00
Accrued Liabilities, Current AC2,349.00
Long-term Debt and Capital Lease Obligations, Current DE324.00
Total Current Liabilities10,921.00
Long-term debt4,577.00
Total Long-term Debt4,577.00
Other longterm liabilities0.00
Frequent Flier Liability Noncurrent1,219.00
Total Liabilities15,498.00
Stockholders' Equity
Common Stock Value888.00
Treasury Stock Value0.00
Additional Paid In Capital Common Stock4,322.00
Retained Earnings / Accumulated Deficit16,388.00
Other Equity-13,617.00
Common Stockholder's Equity7,981.00
Total Stockholder's Equity7,981.00
Liabilities & Stockholder's Equity29,061.00
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About Southwest Airlines Co Annual Balance Sheet

What this statement shows

This page presents issuer-reported balance sheet data, detailing assets, liabilities, and stockholders equity as reported in SEC 10-K filings and standardized by CSIMarket. The balance sheet reflects the company's financial position at the end of each reporting period.

Source & verification

  • Form: 10-K (Period: 20251231)
  • Filed with the SEC: February 5, 2026
  • Source: luv-20251231.htm

Last updated

  • Page updated:
  • Data lineage: SEC filings - XBRL extraction - balance-sheet normalization in the CSIMarket.com financial database.
  • Accession: 0000092380-26-000004

Balance sheet figures represent financial position at specific reporting dates and may be revised in subsequent filings.

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