FIN 330 Excel Project

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SWRetainedEarnings.xlsx

asreported

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Southwest Airlines Co (NYS: LUV)
Exchange rate used is that of the Year End reported date
As Reported Annual Retained Earnings
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
Previous retained earnings (accumulated deficit) 17945000 15967000 13832000
Cumulative effect of adopting Accounting Standards Update No. 2016-02, Leases, codified in Accounting Standards Codification 842 - 55000 -
Previous retained earnings (accumulated deficit) after adjustment for the new accounting standard - 16022000 -
Cumulative effect of new accounting standards - - 18000
Cash dividends 94000 377000 348000
Retained earnings (accumulated deficit) 14777000 17945000 15967000