SOUTHWEST AIRLINES CO. Cash Flow Breakdown
Cash flow breakdown shows where SOUTHWEST AIRLINES CO.'s cash came from and where it went: from running the business, from investing (buying or selling equipment, companies and investments) and from financing (borrowing, paying back loans, buying back shares, paying dividends). One row per year or quarter. A minus sign means cash went out. Financing is shown line by line: buybacks, dividends, debt paid back, new debt and the rest. All amounts are the filed figures for that period.
- Fiscal year ended 2025-12-31: from running the business, $1.84B came in.
- Fiscal year ended 2025-12-31: from investing, $1.43B went out.
- Fiscal year ended 2025-12-31: from financing, $4.69B went out.
- Fiscal year ended 2025-12-31: change in cash, $4.28B went out.
A minus sign means cash went out. * = worked out from the filed year-to-date figures (hover to see how); greyed = already counted inside another line.
Each year (12 month)
| Fiscal year end | Running the business | From investing | Buybacks | Dividends | New debt | Commercial paper | New shares sold | Other | Not split out | Change in cash |
|---|
| 2025-12-31 | $1.84B | -$1.43B | -$2.55B | -$399.00M | $1.50B | | $59.00M | -$26.00M | -$3.27B* | -$4.28B |
|---|
| 2024-12-31 | $462.00M | -$261.00M | -$250.00M | -$430.00M | $0.00 | | $60.00M | -$17.00M | -$1.34B* | -$1.78B |
|---|
| 2023-12-31 | $3.16B | -$2.93B | $0.00 | -$428.00M | $0.00 | | $48.00M | $6.00M | -$62.00M* | -$204.00M |
|---|
| 2022-12-31 | $3.79B | -$3.75B | $0.00 | $0.00 | $0.00 | $0.00* | $0.00 | $8.00M | -$3.04B* | -$2.99B |
|---|
| 2021-12-31 | $2.32B | -$1.26B | | $0.00 | | | $51.00M | $77.00M | $231.00M* | $1.42B |
|---|
| 2020-12-31 | -$1.13B | -$16.00M | -$451.00M | -$188.00M | $5.62B | -$3.68B* | $2.29B | $49.00M | $6.01B* | $8.52B |
|---|
| 2019-12-31 | $3.99B | -$303.00M | -$2.00B | -$372.00M | $0.00 | $0.00* | $0.00 | -$43.00M | -$575.00M* | $694.00M |
|---|
| 2018-12-31 | $4.89B | -$2.04B | -$2.00B | -$332.00M | $0.00 | $0.00 | $0.00 | $3.00M | -$167.00M* | $359.00M |
|---|
| 2017-12-31 | $3.93B | -$2.41B | -$1.60B | -$274.00M | $600.00M | | $29.00M | $15.00M | -$476.00M* | -$185.00M |
|---|
| 2016-12-31 | $4.29B | -$2.27B | -$1.75B | -$222.00M | $515.00M | | $29.00M | -$3.00M | -$493.00M* | $97.00M |
|---|
| 2015-12-31 | $3.24B | -$1.91B | -$1.18B | -$180.00M | $500.00M | | $46.00M | -$23.00M | -$187.00M* | $301.00M |
|---|
| 2014-12-31 | $2.90B | -$1.73B | -$955.00M | -$139.00M | $300.00M | | $110.00M | -$19.00M | -$545.00M* | -$73.00M |
|---|
| 2013-12-31 | $2.48B | -$1.38B | -$540.00M | -$71.00M | $0.00 | | $96.00M | -$18.00M | -$318.00M* | $242.00M |
|---|
| 2012-12-31 | $2.06B | -$833.00M | -$400.00M | -$22.00M | $0.00 | $0.00 | $27.00M | -$12.00M | -$540.00M* | $284.00M |
|---|
| 2011-12-31 | $1.36B | -$1.02B | -$225.00M | -$14.00M | $0.00 | $0.00* | $20.00M | -$2.00M | -$545.00M* | -$432.00M |
|---|
| 2010-12-31 | $1.56B | -$1.26B | $0.00 | -$13.00M | $0.00 | -$44.00M* | $55.00M | $8.00M | -$155.00M* | $147.00M |
|---|
| 2009-12-31 | $985.00M | -$1.57B | $0.00 | -$13.00M | $455.00M | -$414.00M* | $20.00M | -$12.00M* | $294.00M* | -$254.00M |
|---|
| 2008-12-31 | -$1.52B | -$978.00M | $54.00M | $13.00M | $1.00B | $491.00M* | $117.00M | -$5.00M* | -$16.00M* | -$845.00M |
|---|
| 2007-12-31 | $2.85B | -$1.53B | -$1.00B | -$14.00M | $500.00M | $0.00* | $139.00M | $5.00M* | -$122.00M* | $823.00M |
|---|
Each quarter (3 month)
| Quarter end | Running the business | From investing | Buybacks | Dividends | Debt paid back | New debt | Commercial paper | New shares sold | Other | Not split out | Change in cash |
|---|
| 2026-06-30 | $530.00M | -$560.00M | $0.00 | -$88.00M | | $1.00B | | $15.00M | -$3.00M | -$431.00M* | $463.00M |
|---|
| 2026-03-31 | $1.42B | -$445.00M | -$1.25B | -$93.00M | | $500.00M | | $16.00M | -$43.00M | -$6.00M* | $97.00M |
|---|
| 2025-12-31 | $295.00M* | -$742.00M* | -$50.00M* | $0.00* | | | | $13.00M* | -$15.00M* | $828.00M* | |
|---|
| 2025-09-30 | $287.00M | -$428.00M | -$250.00M | -$189.00M | | | | $14.00M | -$1.00M | -$6.00M* | -$573.00M |
|---|
| 2025-06-30 | $401.00M | -$882.00M | -$1.50B | -$103.00M | | $0.00 | | $15.00M | $2.00M | -$2.59B* | -$4.66B |
|---|
| 2025-03-31 | $860.00M | $623.00M | -$750.00M | -$107.00M | | $0.00 | | $17.00M | -$13.00M | -$5.00M* | $625.00M |
|---|
| 2024-12-31 | $476.00M* | $73.00M* | -$250.00M | $1.00M* | | | | $14.00M* | $2.00M* | -$1.31B* | |
|---|
| 2024-09-30 | $113.00M | $458.00M | $0.00 | -$216.00M | | | | $15.00M | $2.00M | -$11.00M* | $361.00M |
|---|
| 2024-06-30 | -$23.00M | -$206.00M | $0.00 | $0.00 | | | | $15.00M | $3.00M | -$14.00M* | -$225.00M |
|---|
| 2024-03-31 | -$104.00M | -$585.00M | $0.00 | -$215.00M | | | | $15.00M | -$24.00M | -$8.00M* | -$921.00M |
|---|
| 2023-12-31 | $425.00M* | -$664.00M* | | $0.00* | | | | $12.00M* | $2.00M* | $16.00M* | |
|---|
| 2023-09-30 | $616.00M | -$64.00M | | -$214.00M | | | | $13.00M | -$1.00M | -$11.00M* | $339.00M |
|---|
| 2023-06-30 | $1.42B | -$627.00M | | $0.00 | | | | $14.00M | $4.00M | -$8.00M* | $799.00M |
|---|
| 2023-03-31 | $706.00M | -$1.58B | | -$214.00M | | | | $9.00M | $2.00M | -$59.00M* | -$1.13B |
|---|
| 2022-12-31 | $579.00M* | -$933.00M* | | $0.00* | | | | $13.00M* | $2.00M* | -$612.00M* | |
|---|
| 2022-09-30 | $234.00M | -$1.12B | | $0.00 | | | | $12.00M | $1.00M | -$1.92B* | -$2.79B |
|---|
| 2022-06-30 | $1.91B | -$1.55B | | $0.00 | -$209.00M | | | $13.00M | $3.00M | -$22.00M* | $136.00M |
|---|
| 2022-03-31 | $1.07B | -$139.00M | | $0.00 | | | | $6.00M | $3.00M | -$323.00M* | $618.00M |
|---|
| 2021-12-31 | $247.00M* | -$183.00M* | $0.00* | $0.00* | | $0.00* | $0.00* | $0.00* | $31.00M* | -$595.00M* | |
|---|
| 2021-09-30 | -$575.00M | -$412.00M | $0.00 | $0.00 | | $0.00 | $0.00* | $0.00 | $18.00M | -$175.00M* | -$1.14B |
|---|
| 2021-06-30 | $2.00B | -$469.00M | | | | | | $13.00M | $22.00M | $582.00M* | $2.15B |
|---|
| 2021-03-31 | $645.00M | -$201.00M | $0.00 | $0.00 | | $0.00 | $0.00 | $13.00M | $7.00M | $444.00M* | $908.00M |
|---|
| 2020-12-31 | -$596.00M* | $91.00M* | $0.00* | $0.00* | | $0.00* | $0.00* | $0.00* | $20.00M* | -$561.00M* | |
|---|
| 2020-09-30 | -$1.05B | -$434.00M | $0.00 | $0.00 | | $1.13B | $0.00* | $0.00 | $20.00M | $97.00M* | -$242.00M |
|---|
| 2020-06-30 | $897.00M | $332.00M | $0.00 | $0.00 | | $4.00B | -$4.68B* | $2.29B | $23.00M | $5.55B* | $8.41B |
|---|
| 2020-03-31 | -$377.00M | -$5.00M | -$451.00M | -$188.00M | | $500.00M | $1.00B | $11.00M | -$20.00M | $922.00M* | $1.39B |
|---|
| 2019-12-31 | $824.00M* | $144.00M* | -$550.00M* | $0.00* | | $0.00* | $0.00* | $0.00* | $1.00M* | -$359.00M* | $60.00M* |
|---|
| 2019-09-30 | $1.09B | -$359.00M | -$500.00M | -$96.00M | | $0.00 | $0.00 | $0.00 | -$33.00M | -$61.00M* | $42.00M |
|---|
| 2019-06-30 | $966.00M | -$252.00M | -$450.00M | -$98.00M | | $0.00 | $0.00 | $0.00 | $1.00M | -$65.00M* | $102.00M |
|---|
| 2019-03-31 | $1.10B | $164.00M | -$500.00M | -$178.00M | | $0.00 | $0.00 | $10.00M | -$12.00M | -$99.00M* | $490.00M |
|---|
| 2018-12-31 | $989.00M* | -$668.00M* | -$500.00M* | $0.00* | | | | $9.00M* | $10.00M* | -$90.00M* | -$250.00M* |
|---|
| 2018-09-30 | $1.27B | -$604.00M | -$500.00M | -$91.00M | | | | $9.00M | $3.00M | -$98.00M* | -$10.00M |
|---|
| 2018-06-30 | $1.63B | -$694.00M | -$500.00M | -$93.00M | | | | $9.00M | $4.00M | -$65.00M* | $292.00M |
|---|
| 2018-03-31 | $1.00B | -$73.00M | -$500.00M | -$148.00M | | | | $9.00M | -$13.00M | $50.00M* | $327.00M |
|---|
| 2017-12-31 | $563.00M* | -$735.00M* | -$350.00M* | $0.00* | | | | $7.00M* | -$2.00M* | $552.00M* | $35.00M* |
|---|
| 2017-09-30 | $996.00M | -$620.00M | -$300.00M | -$75.00M | | | | $7.00M | $6.00M | -$91.00M* | -$77.00M |
|---|
| 2017-06-30 | $746.00M | -$584.00M | -$400.00M | -$76.00M | | | | $7.00M | $7.00M | -$14.00M* | -$314.00M |
|---|
| 2017-03-31 | $1.63B | -$470.00M | -$550.00M | -$123.00M | | | | $7.00M | $4.00M | -$322.00M* | $171.00M |
|---|
| 2016-12-31 | $709.00M* | -$839.00M* | -$300.00M* | $0.00* | | | | $6.00M* | $7.00M* | $131.00M* | -$286.00M* |
|---|
| 2016-09-30 | $856.00M | -$584.00M | -$250.00M | -$62.00M | | | | $6.00M | -$3.00M | -$37.00M* | -$74.00M |
|---|
| 2016-06-30 | $1.11B | -$674.00M | -$700.00M | -$63.00M | | | | $6.00M | -$4.00M | -$25.00M* | -$348.00M |
|---|
| 2016-03-31 | $1.62B | -$175.00M | -$500.00M | -$96.00M | | | | $11.00M | -$3.00M | -$48.00M* | $805.00M |
|---|
| 2015-12-31 | $324.00M* | -$946.00M* | $0.00* | $0.00* | | | | $16.00M* | -$16.00M* | $465.00M* | -$157.00M* |
|---|
| 2015-09-30 | $836.00M | -$259.00M | -$500.00M | -$49.00M | | | | $9.00M | $4.00M | -$73.00M* | -$32.00M |
|---|
| 2015-06-30 | $627.00M | -$407.00M | -$380.00M | -$50.00M | | | | $8.00M | -$11.00M | -$40.00M* | -$253.00M |
|---|
| 2015-03-31 | $1.45B | -$302.00M | -$300.00M | -$81.00M | | | | $13.00M | $0.00 | -$39.00M* | $743.00M |
|---|
| 2014-12-31 | $204.00M* | -$468.00M* | -$200.00M* | -$1.00M* | | | | $14.00M* | -$3.00M* | -$96.00M* | -$550.00M* |
|---|
| 2014-09-30 | $240.00M | -$44.00M | -$200.00M | -$41.00M | | | | $23.00M | -$3.00M | -$25.00M* | -$50.00M |
|---|
| 2014-06-30 | $1.34B | -$857.00M | -$240.00M | -$42.00M | | | | $25.00M | -$8.00M | -$75.00M* | $141.00M |
|---|
| 2014-03-31 | $1.12B | -$358.00M | -$315.00M | -$56.00M | | | | $49.00M* | -$4.00M | | $386.00M |
|---|
| 2013-12-31 | $289.00M* | -$254.00M* | -$39.00M* | $0.00* | | | | $65.00M* | $9.00M* | -$48.00M* | $22.00M* |
|---|
| 2013-09-30 | $428.00M | -$359.00M | -$150.00M | -$28.00M | | | | $12.00M | -$6.00M | -$53.00M* | -$156.00M |
|---|
| 2013-06-30 | $778.00M | -$300.00M | -$251.00M | -$28.00M | | | | $13.00M | -$9.00M | -$52.00M* | $151.00M |
|---|
| 2013-03-31 | $983.00M | -$472.00M | -$100.00M | -$15.00M | | | | $6.00M | -$13.00M | -$164.00M* | $225.00M |
|---|
| 2012-12-31 | $231.00M* | -$189.00M* | -$75.00M* | $0.00* | | | | $5.00M* | -$4.00M* | -$23.00M* | -$55.00M* |
|---|
| 2012-09-30 | $464.00M | -$277.00M | -$50.00M | -$7.00M | | | | $5.00M | -$2.00M | -$48.00M* | $85.00M |
|---|
| 2012-06-30 | $145.00M | -$355.00M | -$225.00M | -$8.00M | | | | $12.00M | -$6.00M | -$38.00M* | -$475.00M |
|---|
| 2012-03-31 | $1.23B | -$12.00M | -$50.00M | -$7.00M | | | | $5.00M | -$1.00M | -$431.00M* | $729.00M |
|---|
| 2011-12-31 | $371.00M* | -$65.00M* | -$50.00M* | $0.00* | | | $0.00* | -$15.00M* | $2.00M* | -$430.00M* | -$187.00M* |
|---|
| 2011-09-30 | -$218.00M | -$137.00M | -$175.00M | -$3.00M | | | $0.00 | $4.00M | -$2.00M | -$48.00M* | -$579.00M |
|---|
| 2011-06-30 | $237.00M | -$589.00M | $0.00 | -$3.00M | | | | $27.00M | -$3.00M | -$113.00M* | -$444.00M |
|---|
| 2011-03-31 | $965.00M | -$231.00M | $0.00 | $7.00M | | | $0.00* | $4.00M | $1.00M | $32.00M* | $778.00M |
|---|
| 2010-12-31 | $269.00M* | -$20.00M* | $0.00* | $0.00* | | $0.00* | -$44.00M* | $10.00M* | $3.00M* | $12.00M* | $230.00M* |
|---|
| 2010-09-30 | $385.00M | -$312.00M | $0.00 | -$3.00M | | $0.00 | $0.00* | $10.00M | $1.00M | -$39.00M* | $42.00M |
|---|
| 2010-06-30 | $540.00 | -$610.00 | $0.00 | -$3.00 | | | -$44.00 | $23.00 | -$2.00 | | -$121.00 |
|---|
| 2010-03-31 | $373.00M | -$322.00M | | $7.00M | | | | $12.00M | -$2.00M* | -$72.00M* | -$4.00M |
|---|
| 2009-12-31 | $492.00M* | -$257.00M* | $0.00* | -$26.00M* | | -$1.00M* | -$1.07B* | $9.00M* | -$8.00M* | $1.07B* | $212.00M* |
|---|
| 2009-09-30 | $72.00M | -$297.00M | | $3.00M | | $124.00M | $83.00M* | $4.00M | -$5.00M | -$28.00M* | -$44.00M |
|---|
| 2009-06-30 | $135.00M | -$377.00M | | $3.00M | | $332.00M | $491.00M* | $4.00M | $0.00 | -$787.00M* | -$199.00M |
|---|
| 2009-03-31 | $286.00M | -$638.00M | $0.00 | -$7.00M | | | | $4.00M | -$6.00M* | $138.00M* | -$223.00M |
|---|
| 2008-12-31 | -$2.54B* | $458.00M* | $0.00* | $0.00* | | $400.00M* | $400.00M* | $4.00M* | $11.00M* | $250.00M* | |
|---|
| 2008-09-30 | -$2.28B | -$46.00M | $0.00 | $3.00M | | $0.00 | $0.00* | $85.00M | -$8.00M* | -$21.00M* | |
|---|
| 2008-06-30 | $2.34B | -$1.26B | $0.00 | $3.00M | | $600.00M | $0.00* | $17.00M | -$9.00M* | -$12.00M* | $1.67B |
|---|
| 2008-03-31 | $964.00M | -$126.00M | $54.00M | $7.00M | | | | $11.00M | $0.00* | -$141.00M* | $769.00M |
|---|