Increase (Decrease) in Deferred Income Taxes
Southwest Airlines Increase (Decrease) in Deferred Income Taxes increased by 32.9% to -$57.00M in Q1 2026 compared to the prior quarter. Year-over-year, this metric declined by 232.6%, from $43.00M to -$57.00M. Over 2 years (FY 2021 to FY 2025), Increase (Decrease) in Deferred Income Taxes shows a downward trend with a 141.0% CAGR.
Analysis
How to read this metric
An increase suggests tax expenses were recorded but not yet paid, while a decrease indicates the utilization of deferred tax assets or payment of previously deferred liabilities.
Detailed definition
Represents the non-cash impact on operating cash flow resulting from timing differences between financial reporting and...
Peer comparison
Common across all capital-intensive industries; peers often show fluctuations based on tax legislation and capital investment cycles.
operating_increase_decrease_in_deferred_income_taxesHistorical Data
| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $30.00M | -$67.00M | $63.00M | $97.00M | -$272.00M | -$76.00M | $52.00M | -$209.00M | -$57.00M | $68.00M | -$110.00M | -$19.00M | -$70.00M | $43.00M | -$66.00M | -$14.00M | -$85.00M | -$57.00M |
| QoQ Change | — | -323.3% | +194.0% | +54.0% | -380.4% | +72.1% | +168.4% | -501.9% | +72.7% | +219.3% | -261.8% | +82.7% | -268.4% | +161.4% | -253.5% | +78.8% | -507.1% | +32.9% |
| YoY Change | — | — | — | — | <-999% | -13.4% | -46.4% | +23.2% | +25.0% | +30.8% | +47.4% | +66.7% | — | -36.8% | +40.0% | +26.3% | -21.4% | -232.6% |
Increase (Decrease) in Deferred Income Taxes at Other Companies
Frequently Asked Questions
- What is Southwest Airlines's increase (decrease) in deferred income taxes?
- Southwest Airlines (LUV) reported increase (decrease) in deferred income taxes of -$57.00M in Q1 2026.
- How has Southwest Airlines's increase (decrease) in deferred income taxes changed year-over-year?
- Southwest Airlines's increase (decrease) in deferred income taxes decreased by 232.6% year-over-year, from $43.00M to -$57.00M.
- What is the long-term trend for Southwest Airlines's increase (decrease) in deferred income taxes?
- Over 2 years (2021 to 2025), Southwest Airlines's increase (decrease) in deferred income taxes has grown at a 141.0% compound annual growth rate (CAGR), from $21.00M to -$122.00M.
- What does increase (decrease) in deferred income taxes mean?
- The change in cash flow caused by differences between when taxes are recorded for accounting and when they are paid to authorities.