Other

ROU Asset Obtained - Operating Lease

Southwest Airlines ROU Asset Obtained - Operating Lease increased by 25.0% to $5.00M in Q1 2026 compared to the prior quarter. Year-over-year, this metric declined by 64.3%, from $14.00M to $5.00M. Over 2 years (FY 2021 to FY 2023), ROU Asset Obtained - Operating Lease shows a downward trend with a -49.9% CAGR.

Analysis

StatementIncome Statement
SectionOther
CategoryCapital Allocation
SignalContext dependent
VolatilityModerate
First reportedQ1 2019
Last reportedQ1 2026Apr 23, 2026

How to read this metric

An increase suggests business expansion or renewal of existing lease commitments.

Detailed definition

This is a non-cash metric representing the initial recognition of right-of-use assets resulting from new operating lease...

Peer comparison

Standard disclosure under modern lease accounting standards for all public companies.

Metric ID: cvx_rou_asset_obtained_operating_lease

Historical Data

18 periods
 Q2 '21Q3 '21Q4 '21Q1 '22Q2 '22Q3 '22Q4 '22Q1 '23Q2 '23Q3 '23Q4 '23Q1 '24Q2 '24Q3 '24Q1 '25Q2 '25Q3 '25Q1 '26
Value$12.00M$53.00M$44.00M$24.00M$3.00M$14.00M$16.00M$47.00M$22.00M$9.00M$4.00M$16.00M$6.00M$23.00M$14.00M$20.00M$4.00M$5.00M
QoQ Change+341.7%-17.0%-45.5%-87.5%+366.7%+14.3%+193.8%-53.2%-59.1%-55.6%+300.0%-62.5%+283.3%-39.1%+42.9%-80.0%+25.0%
YoY Change-75.0%-73.6%-63.6%+95.8%+633.3%-35.7%-75.0%-66.0%-72.7%+155.6%-12.5%+233.3%-82.6%-64.3%
Range$3.00M$53.00M
CAGR-18.6%
Avg YoY Growth+35.5%
Median YoY Growth-64.0%

Frequently Asked Questions

What is Southwest Airlines's rou asset obtained - operating lease?
Southwest Airlines (LUV) reported rou asset obtained - operating lease of $5.00M in Q1 2026.
How has Southwest Airlines's rou asset obtained - operating lease changed year-over-year?
Southwest Airlines's rou asset obtained - operating lease decreased by 64.3% year-over-year, from $14.00M to $5.00M.
What is the long-term trend for Southwest Airlines's rou asset obtained - operating lease?
Over 2 years (2021 to 2023), Southwest Airlines's rou asset obtained - operating lease has grown at a -49.9% compound annual growth rate (CAGR), from $327.00M to $82.00M.
What does rou asset obtained - operating lease mean?
The value of new assets acquired through operating leases.