SOUTHWEST AIRLINES 2019 FINANCIAL STATEMENTS INCOME STATEMENT BALANCE SHEET Revenues $ 22,428 ASSETS Operating Expenses Current Assets Salaries, wages, and benefits (8,293) Cash and cash equivalents $2,548 Fuel and oil (4,347) Short-term investments 1,524 Maintenance materials and repairs (1,223) Accounts and other receivables 1,086 Landing fees and airport rentals (1,363) Inventory (parts and supplies) 529 Depreciation expense (1,219) Other current assets 287 Other operating expenses (3,026) Total current assets 5,974 Non-Operating Expenses Non-Current Assets Interest Expense (118) Property and equipment, gross 27,713 Other (gains) losses, net 118 Less: Accumulated Depreciation 10,688 Income before taxes 2,957 Property and equipment, net 17,025 Provision for Income Taxes (657) Other assets 2,896 Net Income $ 2,300 Total Assets 25,895 LIABILITIES Current Liabilities Accounts payable 1,574 Accrued liabilities 1,749 Current maturities of long-term debt 819 Other current liabiltiies 4,810 Total current liabilities 8,952 Non-Current Liabilities Long-term debt 1,846 Air traffic liablity - noncurrent 1,053 Deferred income taxes 2,364 Other noncurrent liabilities 1,848 Total Liabilities 16,063 STOCKHOLDERS' EQUITY Common stock and paid-in capital 2,389 Retained earnings 17,945 AOCL (61) Treasury stock (10,441) Total Stockholders' Equity 9,832