Operating
Southwest Airlines·Cash Flow Statement·16 metrics
Breakdown
| Metric | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 |
|---|---|---|---|---|---|---|---|---|
| Net cash from operating activities | -$23M | $113M | $476M | $860M | $401M | $287M | $295M | $1.4B |
| Change in deferred revenue | -$317M | -$377M | -$458M | $660M | -$606M | -$172M | -$961M | $1.1B |
| Depreciation and amortization | $404M | $438M | $407M | $396M | $400M | $394M | $371M | $398M |
| Net income | $367M | $67M | $261M | -$149M | $213M | $54M | $323M | $227M |
| Change in receivables | -$34M | -$193M | -$99M | -$57M | -$90M | $83M | — | $93M |
| Increase (Decrease) in Accounts and Other Receivables | -$34M | -$193M | -$99M | -$57M | -$90M | $83M | — | $93M |
| Change in accounts payable | -$576M | -$196M | — | -$126M | -$95M | $11M | $427M | -$79M |
| Change in other liabilities | -$45M | -$18M | -$61M | -$63M | $28M | $16M | — | -$77M |
| Change in other assets | -$32M | $13M | $12M | -$145M | -$212M | -$3M | -$48M | $61M |
| Increase (Decrease) in Other Operating Assets | -$32M | $13M | $12M | -$145M | -$212M | -$3M | -$48M | $61M |
| Deferred income taxes | -$110M | -$19M | -$70M | $43M | -$66M | -$14M | -$85M | -$57M |
| Increase (Decrease) in Deferred Income Taxes | -$110M | -$19M | -$70M | $43M | -$66M | -$14M | -$85M | -$57M |
| Other working capital changes | -$13M | -$7M | -$26M | $8M | $85M | $50M | $15M | -$40M |
| Gain (Loss) on Sale of Assets and Asset Impairment Charges | $0 | $0 | $0 | -$2M | -$2M | -$2M | -$2M | — |
| Collateral (posted) received, net | -$20M | -$8M | $0 | -$22M | $0 | $0 | $0 | $0 |
| Gain on sale-leaseback transaction | $0 | $0 | $92M | $3M | $0 | $0 | $0 | $0 |