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Southwest Airlines LUV Other Non-Current Liabilities

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Other financials

Income statement

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Revenue$8.4B+16.4%
Operating income$285.0M+26.7%
Net income$233.0M+9.4%
EPS (diluted)$0.47+20.5%

Balance sheet

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Cash & equivalents$3.8B+9.1%
Total debt$6.9B+29.0%
Total equity$7.1B-11.5%
Total assets$30.1B+4.9%

Cash flow

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Operating cash flow$530.0M+32.2%
CapEx$818.0M+23.9%
Free cash flow-$288.0M-11.2%

Valuation

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Market cap$22.96B+47.2%
Enterprise value$26.06B+49.2%
P/E27.4×-12.4×
P/S0.8×+0.2×

Profitability

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Operating margin3.5%+2.3pp
Net margin2.8%+1.4pp
FCF margin-1.5%+0.5pp

Returns & leverage

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Return on equity11.1%+6.9pp
Debt / equity+0.3×
Current ratio0.5×-0.1×

Where this comes from

Reported directly by Southwest Airlines in its filing.

Tagged under the XBRL concept us-gaap:OtherLiabilitiesNoncurrent.

The source filing: Southwest Airlines’s 10-Q, filed July 23, 2026.

Filed
Jul 23, 2026, 4:11 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0000092380-26-000077
Line itemJune 30, 2026December 31, 2025
Air traffic liability - noncurrent1,6741,219
Deferred income taxes2,4212,289
Noncurrent operating lease liabilities660768
Other noncurrent liabilities1,2271,306
Stockholders' equity:
Common stock888888
Capital in excess of par value4,2944,322
Retained earnings16,67216,388

Item 1. Financial Statements

FAQ

What is Southwest Airlines's other non-current liabilities?
Southwest Airlines (LUV) reported other non-current liabilities of $1.23B in Q2 2026.
How has Southwest Airlines's other non-current liabilities changed year-over-year?
Southwest Airlines's other non-current liabilities increased by 18.2% year-over-year, from $1.04B to $1.23B.
What is the long-term trend for Southwest Airlines's other non-current liabilities?
Over 5 years (2020 to 2025), Southwest Airlines's other non-current liabilities has grown at a 0.9% compound annual growth rate (CAGR), from $1.25B to $1.31B.
What does other non-current liabilities mean?
Miscellaneous long-term obligations not classified in specific categories — pension liabilities, environmental remediation, and other long-term accruals.

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