FFilingLens
Quarterly TTM Annual
Income Balance Cash flow
8P

Three-Statement Breakdown

LUV
2026-06-30 · figures in $M

NET DEBT UP

Net debt rose 4.7% to $2.2B — the highest of its last 8 readings, and stands at 0.83× annualized EBITDA.

CASH +13.9%
3,791
TOTAL DEBT +10.4%
5,946
NET DEBT +4.7%
2,155
NET DEBT / ANN. EBITDA +2.2%
0.83× TARGET <2.0×
Balance sheet TTM 24-09 TTM 24-12 TTM 25-03 TTM 25-06 TTM 25-09 TTM 25-12 TTM 26-03 vs prior TTM YoY
Cash & equivalents
10-Q
8,503 7,509 8,134 3,475 2,902 3,231 3,328 3,791 +13.9% +9.1%
Accounts receivable
10-Q
50 47 47 60 52 98 171 78 -54.4% +30.0%
Other current assets
10-Q
601 639 618 467 467 490 554 556 +0.4% +19.1%
Total current assets
10-Q
11,930 11,274 10,734 6,092 5,395 5,645 5,969 6,482 +8.6% +6.4%
Current ratio
10-Q
0.88× 0.92× 0.77× 0.56× 0.49× 0.52× 0.48× 0.49× +2.2% -12.7%
Goodwill
10-Q
970 970 970 970 970 970 970 970 +0.0% +0.0%
Property, plant & equipment
10-Q
19,773 19,056 19,157 19,401 19,705 20,245 20,376 20,642 +1.3% +6.4%
Total assets
10-Q
34,847 33,750 33,212 28,712 28,312 29,061 29,355 30,122 +2.6% +4.9%
Return on assets (annualized)
10-Q
-0.1% 1.4% 1.6% 1.4% 1.3% 1.5% 2.8% 2.8% -0.2% +103.0%
Accounts payable
10-Q
1,518 1,818 1,925 1,811 1,708 1,991 2,114 2,072 -2.0% +14.4%
Accrued liabilities
10-Q
2,096 2,206 1,978 2,040 2,091 2,349 2,170 2,247 +3.5% +10.1%
Short-term debt
10-Q
2,930 1,630 2,608 22 23 324 851 2,156 +153.3% +9700.0%
Total current liabilities
10-Q
13,489 12,276 13,901 10,892 10,994 10,921 12,484 13,268 +6.3% +21.8%
Long-term debt
10-Q
5,075 5,069 4,086 4,081 4,079 4,577 4,536 3,790 -16.4% -7.1%
Total liabilities
24,436 23,400 23,847 20,712 20,536 21,080 22,480 23,040 +2.5% +11.2%
Net debt
-498 -810 -1,440 628 1,200 1,698 2,059 2,155 +4.7% +243.2%
Stockholders' equity
10-Q
10,411 10,350 9,365 8,000 7,776 7,981 6,875 7,082 +3.0% -11.5%
Net debt / TTM EBITDA
10-Q
-0.38× -0.41× -0.67× 0.32× 0.63× 0.85× 0.81× 0.83× +2.2% +158.1%

Click a line to select it — Enter or the EXPAND pill folds out its quarter-by-quarter history.

SELECTED · NET DEBT · QoQ BRIDGE
FROM2,059 TOTAL DEBT+559 CASH & EQUIVALENTS-463 TO2,155
↹ CLICK A LINE TO SELECT · ⌘F FIND LINE ITEM SRC 10-Q FILED 2026-07-23 ↗