LUV
Southwest Airlines Co.
Stock
$42.47+0.63 (+1.51%)Close Oct 2, 2026
Cash flow statement
| Line | Last 12 months | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $2.5B | $1.8B | $462M | $3.2B | $3.8B | $2.3B | −$1.1B | $4.0B | $4.9B | $3.9B | $4.3B | $3.2B | $2.9B | $2.5B | $2.1B | $1.4B | $1.6B | $985M | −$1.5B | $2.8B |
| Capital expenditures | $3.0B | $2.7B | $2.1B | $3.5B | $3.9B | $505M | $515M | $1.0B | $1.9B | $2.1B | $2.0B | $2.0B | $1.7B | $1.4B | $1.3B | $968M | $493M | −$585M | $923M | $1.3B |
| Free cash flow | −$455M | −$831M | −$1.6B | −$356M | −$134M | $1.8B | −$1.6B | $3.0B | $3.0B | $1.8B | $2.3B | $1.2B | $1.2B | $1.0B | $716M | $388M | $1.1B | $1.6B | −$2.4B | $1.5B |
| Stock-based compensation | — | $99M | $45M | $86M | $84M | $58M | $17M | $55M | $46M | $37M | $33M | $29M | $21M | $18M | $16M | $13M | $12M | $13M | $18M | $37M |
| Buybacks | $1.6B | $2.6B | $250M | $0 | $0 | $0 | $451M | $2.0B | $2.0B | $1.6B | $1.8B | $1.2B | $955M | $540M | $400M | $225M | $0 | $0 | $54M | $1.0B |
| Dividends paid | $370M | $399M | $430M | $428M | $0 | $0 | $188M | $372M | $332M | $274M | $222M | $180M | $139M | $71M | $22M | $14M | $13M | −$13M | $13M | $14M |
| Dividends per share | $0.72 | $0.72 | $0.72 | $0.18 | $0.18 | — | $0.18 | $0.70 | $0.61 | $0.48 | $0.38 | $0.29 | $0.22 | $0.13 | $0.03 | $0.02 | $0.02 | $0.02 | $0.02 | $0.07 |
| Free cash flow margin | −1.5% | −3.0% | −5.8% | −1.4% | −0.6% | 11.5% | −18.1% | 13.2% | 13.5% | 8.5% | 11.0% | 6.0% | 6.2% | 5.8% | 4.2% | 2.5% | 8.8% | 15.2% | −22.2% | 15.4% |