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| Southwest Airlines Co (NYS: LUV) |
| Exchange rate used is that of the Year End reported date |
| As Reported Annual Balance Sheet |
| Report Date | 12/31/2020 | | 12/31/2019 | | 12/31/2018 |
| Currency | USD | | USD | | USD |
| Audit Status | Not Qualified | | Not Qualified | | Not Qualified |
| Consolidated | Yes | | Yes | | Yes |
| Scale | Thousands | | Thousands | | Thousands |
| Cash & cash equivalents | 11063000 | | 2548000 | | 1854000 |
| Short-term investments | 2271000 | | 1524000 | | 1835000 |
| Accounts & other receivables | 1130000 | | 1086000 | | 568000 |
| Inventories of parts & supplies, at cost | 414000 | | 529000 | | 461000 |
| Prepaid expenses & other current assets | 295000 | | 287000 | | 310000 |
| Total current assets | 15173000 | | 5974000 | | 5028000 |
| Flight equipment | 20877000 | | 21629000 | | 21753000 |
| Ground property & equipment | 6083000 | | 5672000 | | 4960000 |
| Deposits on flight equipment purchase contracts | 305000 | | 248000 | | 775000 |
| Assets constructed for others | 309000 | | 164000 | | 1768000 |
| Property & equipment, at cost | 27574000 | | 27713000 | | 29256000 |
| Less allowance for depreciation & amortization | 11743000 | | 10688000 | | 9731000 |
| Property & equipment, net | 15831000 | | 17025000 | | 19525000 |
| Goodwill | 970000 | | 970000 | | 970000 |
| Operating lease right-of-use assets | 1892000 | | 1349000 | | - |
| Derivative contracts | 90000 | | 49000 | | 95000 |
| Intangible assets, net | 295000 | | 296000 | | 400000 |
| Finance lease receivable | - | | - | | 61000 |
| Other assets | 337000 | | 232000 | | 164000 |
| Other assets | 722000 | | 577000 | | 720000 |
| Total assets | 34588000 | | 25895000 | | 26243000 |
| Accounts payable | 931000 | | 1574000 | | 1416000 |
| Extended Emergency Time Off | 393000 | | - | | - |
| Voluntary Separation Program 2020 | 143000 | | - | | - |
| Profitsharing & savings plans | 25000 | | 695000 | | 580000 |
| Accrued vendor prepayment | 600000 | | - | | - |
| Accrued aircraft & other lease related obligations | - | | - | | 37000 |
| Accrued vacation pay | 436000 | | 434000 | | 403000 |
| Accrued health | 111000 | | 120000 | | 107000 |
| Accrued workers compensation | 161000 | | 166000 | | 166000 |
| Accrued property & income taxes | 84000 | | 79000 | | 68000 |
| Accrued interest | 49000 | | - | | - |
| Other accrued expenses | 257000 | | 255000 | | 388000 |
| Accrued liabilities | 2259000 | | 1749000 | | 1749000 |
| Current operating lease liabilities | 306000 | | 353000 | | - |
| Air traffic liability | 3790000 | | 4457000 | | 4134000 |
| Current maturities of long-term debt | 220000 | | 819000 | | 606000 |
| Total current liabilities | 7506000 | | 8952000 | | 7905000 |
| Notes | 6200000 | | 1400000 | | 1692000 |
| Convertible notes | 1945000 | | - | | - |
| Term loan agreement | 462000 | | 312000 | | 417000 |
| Aircraft notes payable | - | | 20000 | | 67000 |
| Payroll support program loan | 976000 | | - | | - |
| Pass through certificates | 137000 | | 197000 | | 250000 |
| Debentures | 119000 | | 122000 | | 125000 |
| Finance leases | 542000 | | 627000 | | 845000 |
| Long-term debt including current portion | 10381000 | | 2678000 | | 3396000 |
| Less current maturities | 220000 | | 819000 | | 606000 |
| Less: debt discount & issuance costs | -50000 | | -13000 | | -19000 |
| Long-term debt less current maturities | 10111000 | | 1846000 | | 2771000 |
| Air traffic liability - noncurrent | 3343000 | | 1053000 | | 936000 |
| Deferred income taxes | 1634000 | | 2364000 | | 2427000 |
| Construction obligation | 309000 | | 164000 | | 1701000 |
| Noncurrent operating lease liabilities | 1562000 | | 978000 | | - |
| Postretirement obligation | 428000 | | 288000 | | 232000 |
| Extended Emergency Time Off | 57000 | | - | | - |
| Voluntary Separation Program 2020 | 321000 | | - | | - |
| Non-current lease-related obligations | - | | - | | 48000 |
| Other deferred compensation | 353000 | | 313000 | | 247000 |
| Derivative contracts | - | | - | | 12000 |
| Other long-term liabilities | 88000 | | 105000 | | 111000 |
| Other noncurrent liabilities | 1247000 | | 706000 | | 650000 |
| Common stock | 888000 | | 808000 | | 808000 |
| Capital in excess of par value | 4191000 | | 1581000 | | 1510000 |
| Retained earnings | 14777000 | | 17945000 | | 15967000 |
| Fuel derivatives | -119000 | | -125000 | | -56000 |
| Interest rate derivatives | -66000 | | -33000 | | - |
| Defined benefit plan items | -43000 | | 20000 | | 58000 |
| Other accumulated other comprehensive income | 91000 | | 59000 | | 25000 |
| Deferred tax impact | 32000 | | 18000 | | -7000 |
| Accumulated other comprehensive income (loss) | -105000 | | -61000 | | 20000 |
| Treasury stock, at cost | 10875000 | | 10441000 | | 8452000 |
| Total stockholders' equity | 8876000 | | 9832000 | | 9853000 |
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SWBalanceSheet.xlsx
