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Southwest Airlines (LUV)

(Delayed Data from NYSE)

$31.39 USD

31.39
8,166,641

+0.76 (2.48%)

Updated Nov 6, 2024 04:00 PM ET

After-Market: $31.39 0.00 (0.00%) 7:58 PM ET

Zacks Rank:

This is our short term rating system that serves as a timeliness indicator for stocks over the next 1 to 3 months. How good is it? See rankings and related performance below.

Zacks Rank Definition Annualized Return
1Strong Buy24.10%
2Buy17.80%
3Hold9.50%
4Sell2.70%
5Strong Sell2.70%
S&P50011.20%

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1-Strong Buy of 5 1        

Style Scores:

The Style Scores are a complementary set of indicators to use alongside the Zacks Rank. It allows the user to better focus on the stocks that are the best fit for his or her personal trading style.

The scores are based on the trading styles of Value, Growth, and Momentum. There's also a VGM Score ('V' for Value, 'G' for Growth and 'M' for Momentum), which combines the weighted average of the individual style scores into one score.

Value Score A
Growth Score A
Momentum Score A
VGM Score A

Within each Score, stocks are graded into five groups: A, B, C, D and F. As you might remember from your school days, an A, is better than a B; a B is better than a C; a C is better than a D; and a D is better than an F.

As an investor, you want to buy stocks with the highest probability of success. That means you want to buy stocks with a Zacks Rank #1 or #2, Strong Buy or Buy, which also has a Score of an A or a B in your personal trading style.

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C Value F Growth A Momentum F VGM

Industry Rank:

The Zacks Industry Rank assigns a rating to each of the 265 X (Expanded) Industries based on their average Zacks Rank.

An industry with a larger percentage of Zacks Rank #1's and #2's will have a better average Zacks Rank than one with a larger percentage of Zacks Rank #4's and #5's.

The industry with the best average Zacks Rank would be considered the top industry (1 out of 265), which would place it in the top 1% of Zacks Ranked Industries. The industry with the worst average Zacks Rank (265 out of 265) would place in the bottom 1%.

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Top 4% (9 out of 251)

Industry: Transportation - Airline

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Balance Sheet

Research for LUV

The Zacks Equity Research reports, or ZER for short, are our in-house, independently produced research reports.

The ever popular one-page Snapshot reports are generated for virtually every single Zacks Ranked stock. It's packed with all of the company's key stats and salient decision making information. Including the Zacks Rank, Zacks Industry Rank, Style Scores, the Price, Consensus & Surprise chart, graphical estimate analysis and how a stocks stacks up to its peers.

The detailed multi-page Analyst report does an even deeper dive on the company's vital statistics. In addition to all of the proprietary analysis in the Snapshot, the report also visually displays the four components of the Zacks Rank (Agreement, Magnitude, Upside and Surprise); provides a comprehensive overview of the company business drivers, complete with earnings and sales charts; a recap of their last earnings report; and a bulleted list of reasons to buy or sell the stock. It also includes an industry comparison table to see how your stock compares to its expanded industry, and the S&P 500.

Researching stocks has never been so easy or insightful as with the ZER Analyst and Snapshot reports.

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Fiscal Year End for Southwest Airlines Co falls in the month of December.

All items in Millions except Per Share data.

12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019
Assets          
Cash & Equivalents 11,474 12,292 15,504 13,334 4,072
Receivables 1,154 1,040 1,357 1,130 1,086
Notes Receivable 0 0 0 0 0
Inventories 807 790 537 414 529
Other Current Assets 520 686 638 295 287
Total Current Assets 13,955 14,808 18,036 15,173 5,974
Net Property & Equipment 19,375 17,342 14,842 15,831 17,025
Investments & Advances 0 0 0 0 0
Other Non-Current Assets 0 0 0 0 0
Deferred Charges 0 0 0 0 0
Intangibles 970 970 970 970 970
Deposits & Other Assets 964 855 882 722 577
Total Assets 36,487 35,369 36,320 34,588 25,895
Liabilities & Shareholders Equity 12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019
Notes Payable 0 0 0 0 0
Accounts Payable 1,862 2,004 1,282 931 1,574
Current Portion Long-Term Debt 29 42 453 220 819
Current Portion Capital Leases 0 0 0 0 0
Accrued Expenses 3,606 2,043 1,624 2,259 1,749
Income Taxes Payable 0 0 0 0 0
Other Current Liabilities 6,551 6,064 5,566 3,790 4,457
Total Current Liabilities 12,256 10,378 9,164 7,506 8,952
Mortgages 0 0 0 0 0
Deferred Taxes/Income 2,044 1,985 1,770 1,634 2,364
Convertible Debt 0 0 0 0 0
Long-Term Debt 7,978 8,046 10,274 10,420 2,010
Non-Current Capital Leases 0 0 0 0 0
Other Non-Current Liabilities 2,709 3,155 3,383 4,590 1,759
Minority Interest (Liabilities) 0 0 0 0 0
Total Liabilities 25,972 24,682 25,906 25,712 16,063
Shareholders Equity 12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019
Preferred Stock 0 0 0 0 0
Common Stock (Par) 888 888 888 888 808
Capital Surplus 4,153 4,037 4,224 4,191 1,581
Retained Earnings 16,297 16,261 15,774 14,777 17,945
Other Equity 0 344 388 -105 -61
Treasury Stock 10,823 10,843 10,860 10,875 10,441
Total Shareholder's Equity 10,515 10,687 10,414 8,876 9,832
Total Liabilities & Shareholder's Equity 36,487 35,369 36,320 34,588 25,895
Total Common Equity 10,515 10,687 10,414 8,876 9,832
Shares Outstanding 596.10 593.70 591.90 590.20 517.30
Book Value Per Share 17.64 18.00 17.59 15.04 19.01

Fiscal Year End for Southwest Airlines Co falls in the month of December.

All items in Millions except Per Share data.

9/30/2024 6/30/2024 3/31/2024 12/31/2023 9/30/2023
Assets          
Cash & Equivalents 9,382 10,002 10,512 11,474 11,733
Receivables 1,177 1,346 1,354 1,154 1,467
Notes Receivable 0 0 0 0 0
Inventories 770 784 812 807 799
Other Current Assets 601 619 603 520 632
Total Current Assets 11,930 12,751 13,281 13,955 14,631
Net Property & Equipment 19,773 19,665 19,561 19,375 19,075
Investments & Advances 0 0 0 0 0
Other Non-Current Assets 0 0 0 0 0
Deferred Charges 0 0 0 0 0
Intangibles 970 970 970 970 970
Deposits & Other Assets 1,073 1,045 1,024 964 1,016
Total Assets 34,847 35,563 36,018 36,487 36,980
Liabilities & Shareholders Equity 9/30/2024 6/30/2024 3/31/2024 12/31/2023 9/30/2023
Notes Payable 0 0 0 0 0
Accounts Payable 1,518 2,028 1,949 1,862 1,736
Current Portion Long-Term Debt 2,930 2,931 28 29 30
Current Portion Capital Leases 0 0 0 0 0
Accrued Expenses 2,096 1,870 2,400 3,606 2,880
Income Taxes Payable 0 0 0 0 0
Other Current Liabilities 6,743 7,086 7,642 6,551 7,246
Total Current Liabilities 13,489 14,113 12,225 12,256 12,112
Mortgages 0 0 0 0 0
Deferred Taxes/Income 2,094 2,089 1,981 2,044 2,157
Convertible Debt 0 0 0 0 0
Long-Term Debt 5,075 5,065 7,974 7,978 7,984
Non-Current Capital Leases 0 0 0 0 0
Other Non-Current Liabilities 2,890 2,689 2,709 2,634
Minority Interest (Liabilities) 0 0 0 0 0
Total Liabilities 24,436 25,098 25,822 25,972 25,926
Shareholders Equity 9/30/2024 6/30/2024 3/31/2024 12/31/2023 9/30/2023
Preferred Stock 0 0 0 0 0
Common Stock (Par) 888 888 888 888 888
Capital Surplus 4,180 4,151 4,138 4,153 4,135
Retained Earnings 16,178 16,218 15,959 16,297 16,657
Other Equity -37 11 19 0 201
Treasury Stock 10,798 10,803 10,808 10,823 10,827
Total Shareholder's Equity 10,411 10,465 10,196 10,515 11,054
Total Liabilities & Shareholder's Equity 34,847 35,563 36,018 36,487 36,980
Total Common Equity 10,411 10,465 10,196 10,515 11,054
Shares Outstanding 599.70 599.10 598.40 596.10 596.10
Book Value Per Share 17.36 17.47 17.04 17.64 18.54