Operating CF
$2.40B
Capex
−$2.80B
Free Cash Flow
−$401.00M
FCF Margin
-16.7%
Cash flow waterfall for Southwest Airlines (LUV) — TTM through Q1 2026
Free cash flow: −$401.00M
Note: Other Investing is large — driven mainly by acquisitions and investment activity.
Cash flow breakdown for Southwest Airlines (LUV) — TTM through Q1 2026
| Line item | Amount | Running total |
|---|---|---|
| Operating Cash Flow | $2.40B | $2.40B |
| Capital Expenditure | −$2.80B | −$401.00M |
| Free Cash Flow | −$401.00M | −$401.00M |
| Other Investing | $305.00M | −$96.00M |
| Share Buybacks | −$3.05B | −$3.15B |
| Dividends Paid | −$385.00M | −$3.53B |
| Net Debt Change | −$1.28B | −$4.81B |
| Other Financing & FX | $1.00M | −$4.81B |
| Net Cash Decrease | −$4.81B | −$4.81B |
- Operating Cash Flow$2.40B
- Capital Expenditure−$2.80B
- Free Cash Flow−$401.00M
- Other Investing$305.00M
- Share Buybacks−$3.05B
- Dividends Paid−$385.00M
- Net Debt Change−$1.28B
- Other Financing & FX$1.00M
- Net Cash Decrease−$4.81B
Want to see what drove the FCF change?Free Cash Flow Bridge
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