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Please use the information provided from sec.gov for SouthWest Airlines 2019 to answer the following: Times interest earned ratio; payout ratio; return on common stockholders
Please use the information provided from sec.gov for SouthWest Airlines 2019 to answer the following:
Times interest earned ratio; payout ratio; return on common stockholders equity. Please zoom in if needed.
Please explain how to answer this. Also, what is the difference between consolidated and comprehensive statements?
Southwest Airlines Co. Consolidated Balance Sheet (in millions, except share data) December 31, 2019 December 31, 2018 S ASSETS Current assets: Cash and cash equivalents Short-term investments Accounts and other receivables Inventories of parts and supplies, at cost Prepaid expenses and other current assets Total current assets 2.548 1,524 1,086 529 287 5,974 1,854 1,835 568 461 310 5,028 Property and equipment, at cost: Flight equipment Ground property and equipment Deposits on flight equipment purchase contracts Assets constructed for others 21,629 5,672 248 164 27,713 10,688 17,025 970 1,349 577 25,893 21,753 4,960 775 1,768 29,256 9,731 19,525 970 Less allowance for depreciation and amortization Goodwill Operating lease right-of-use assets Other assets 720 26,243 $ 1,416 1,749 LIABILITIES AND STOCKHOLDERS' EQUIT Current liabilities: Accounts payable Accrued liabilities Current operating lease liabilities Air traffic liability Current maturities of long-term debt Total current liabilities 1,574 1.749 353 4,457 819 8,952 4.134 606 7,905 1,846 1,053 2,364 164 978 706 2,771 936 2.427 1,701 650 Long-term debt less current maturities Air traffic liability - noncurrent Deferred income taxes Construction obligation Noncurrent operating lease liabilities Other noncurrent liabilities Stockholders' equity: Common stock, $1.00 par value: 2,000,000,000 shares authorized; 807,611,634 shares issued in 2019 and 2018 Capital in excess of par value Retained earnings Accumulated other comprehensive income (loss) Treasury stock, at cost: 288,547,318 and 255,008,275 shares in 2019 and 2018 respectively Total stockholders' equity 808 1,581 17.945 (61) 808 1,510 15,967 20 (10,441) 9,832 (8,452) 9,853 26,243 25.895 Southwest Airlines Co. Consolidated Statement of Income (in millions, except per share amounts) Year ended December 31, 2018 2019 2017 $ $ $ OPERATING REVENUES: Passenger Freight Other Total operating revenues 20,776 172 1,480 22,428 20,455 175 1.335 19,763 173 1.210 21,146 21,965 OPERATING EXPENSES: Salaries, wages, and benefits Fuel and oil Maintenance materials and repairs Landing fees and airport rentals Depreciation and amortization Other operating expenses Total operating expenses 8,293 4,347 1.223 1,363 1,219 3,026 19,471 7,649 4,616 1,107 1,334 1,201 2.852 18,759 7,305 4,076 1,001 1,292 1,218 2.847 17,739 OPERATING INCOME 2,957 3,206 3,407 OTHER EXPENSES (INCOME): Interest expense 118 (36) (90) 8 131 (38) (69) Capitalized interest Interest income Other (gains) losses, net Total other expenses (income) 114 (49) (35) 112 142 18 42 INCOME BEFORE INCOME TAXES PROVISION (BENEFIT) FOR INCOME TAXES NET INCOME NET INCOME PER SHARE, BASIC NET INCOME PER SHARE, DILUTED 2,957 657 2,300 4.28 3,164 699 2,465 4.30 $ $ $ S 3,265 (92) 3,357 5.58 5.57 $ $ $ $ 4.27 $ 4.29 Southwest Airlines Co. Consolidated Statement of Comprehensive Income (in millions) Year ended December 31, 2018 2019 2017 2.300 2,465 S 3,357 317 (53) (26 (25) 6 7 NET INCOME Unrealized gain (loss) on fuel derivative instruments, net of deferred taxes of ($16), ($7), and $185 Unrealized gain (loss) on interest rate derivative instruments, net of deferred taxes of ($8), $1, and $4 Unrealized gain (loss) on defined benefit plan items, net of deferred taxes of ($9), $15, and $2 Other, net of deferred taxes of $8,($2), and $5 OTHER COMPREHENSIVE INCOME (LOSS) COMPREHENSIVE INCOME 3 (29) 26 (81) 2.219 52 (6) 26 2,491 $ $ $ $ 335 3,692 See accompanying notes. Southwest Airlines Co. Consolidated Statement of Stockholders' Equity in millions, except per share amounts) Year ended December 31, 2019, 2018, and 2017 Capital in excess of par value Common Accumulated other comprehensive income (losa) Retained earnings Stock Treasury stock Total $ 808 $ 1,410 $ 10,761 $ (323) $ $ (4.872 (1,600 10 7,784 (1.600 14 37 (286) 3,692 9,64 (286 3,357 13,832 335 $ 808 $ 1,451 $ $ 12 $ (6,462) $ = 18 13,850 (18) (6) 808 $ 1,451 $ $ $ (6,462) 2,000 10 Balance at December 31, 2016 Repurchase of common stock Issuance of common and treasury stock pursuant to Employee stock plans Share-based compensation Cash dividends, $.475 per share Comprehensive income Balance at December 31, 2017 (as reported) Cumulative effect of adopting Accounting Standards Update No. 2017-12, Targeted Improvements to Accounting for Hedging Activities (See Note 2 to the Consolidated Financial Statements for additional information) Balance after adjustment for the new accounting standard Repurchase of common stock Issuance of common and treasury stock pursuant to Employee stock plans Share-based compensation Cash dividends, $.605 per share Comprehensive income Balance at December 31, 2018 (as reported) Cumulative effect of adopting Accounting Standards Update No. 2016-02, Leases, codified in Accounting Standards Codification 842 (See Note 2 to the Consolidated Financial Statements for additional information) Balance after adjustment for the new accounting standard Repurchase of common stock Issuance of common and treasury stock pursuant to Employee stock plans Share-based compensation Cash dividends, $.700 per share Comprehensive income Balance at December 31, 2019 13 46 9,641 2,000 23 46 (348) 2.491 9.853 (348) 2,465 15,967 26 20 $ 808 $ 1,510 $ $ $ (8,452) 55 16,022 $ 808 $ 1,510 $ $ 20 $ $ (8,452) (2.000) 11 55 9,908 (2,000) 27 55 (377) 2.219 9,832 (377) 2,300 17,945 (81) (61) 808 $ 1,581 S $ $ (10,441) $ See accompanying notes Southwest Airlines Co. Consolidated Statement of Cash Flows in millions) Year ended December 31, 2018 2019 2017 2,300 2,465 S 3,357 1,219 1,201 1,218 63 (50) (1,066 (14 301 CASH FLOWS FROM OPERATING ACTIVITIES: Net income Adjustments to reconcile net income to cash provided by used in) operating activities: Depreciation and amortization Boeing 737-300 aircraft grounding charge Unrealized realized gains on fuel derivative instruments Deferred income taxes Changes in certain assets and liabilities: Accounts and other receivables Other assets Accounts payable and accrued liabilities Air traffic liability Other liabilities Cash collateral received from (provided to) derivative counterparties Other, net Net cash provided by operating activities 117 (102 (262 233 343 545 (15) (277) 25 (108) 3.987 376 (121 3,929 4,893 (1,922 2.123 (1,027 400 CASH FLOWS FROM INVESTING ACTIVITIES Capital expenditures Supplier proceeds Assets constructed for others Purchases of short-term investments Proceeds from sales of short-term and other investments Other, net Net cash used in investing activities 2,122 2.446 (54 2.409 2,342 (126 (2,380 2,221 351331 Elgit sa gagama1410133853S 11 SB (303) 2,035 2.406 CASH FLOWS FROM FINANCING ACTIVITIES: Proceeds from issuance of long-term debt Proceeds from Employee stock plans Reimbursement assets constructed for others Payments of long-term debt and finance lease obligations Payments of cash dividends Repayment of construction obligation Repurchase of common stock 600 29 126 (592) (274) (10 170 (342) (332) (30) (615 (372) (2.000 (1,600) Other net (2.000 (43) 2,990 15 (1,706) Net cash used in financing activities (2,496 NET CHANGE IN CASH AND CASH EQUIVALENTS 694 359 (185 CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD 1,854 1,495 1,680 CASH AND CASH EQUIVALENTS AT END OF PERIOD 2,548 S 1,854 1,495 CASH PAYMENTS FOR: Interest, net of amount capitalized Income taxes $ 107 327 779 S S 81 992 $ SUPPLEMENTAL DISCLOSURE OF NONCASH TRANSACTIONS: Flight equipment under finance leases Assets constructed for others Supplier receivables 1 65 428 $ $ s 32 171 233 197 $Step by Step Solution
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