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GuruFocus has detected 4 Warning Signs with Southwest Airlines Co $LUV.
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Southwest Airlines Co (NYSE:LUV)
Non-Recurring Items
$-162 Mil (TTM As of Dec. 2016)

Non-Recurring Items are the incomes received or expenses incurred by the business that are not from regular operations. Southwest Airlines Co's non-recurring items for the three months ended in Dec. 2016 was $-27 Mil. Its non-recurring items for the trailing twelve months (TTM) ended in Dec. 2016 was $-162 Mil.

As of today, Southwest Airlines Co's share price is $58.43. Southwest Airlines Co's earnings per share without non-recurring items for the trailing twelve months (TTM) ended in Dec. 2016 was $3.54. Therefore, Southwest Airlines Co's P/E (NRI) ratio for today is 16.51.


Definition

Non-Recurring Items are the incomes received or expenses incurred by the business that are not from regular operations. Examples of NRI include gains (losses) from plant shutdown, lease-breaking fees, lawsuit, write-offs, write-downs, restructuring costs or sales of an investment, discontinued operations etc.

NRI can impact a company’s reported income drastically.

Southwest Airlines Co Non-Recurring Items for the trailing twelve months (TTM) ended in Dec. 2016 was -114 (Mar. 2016 ) + 43 (Jun. 2016 ) + -64 (Sep. 2016 ) + -27 (Dec. 2016 ) = $-162 Mil.

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

GuruFocus lists a P/E (NRI), which is the price/earnings before NRI. We believe it more accurately reflects the valuation of the company.

Southwest Airlines Co's P/E (NRI) Ratio for today is calculated as

Southwest Airlines Co's Share Price of today is $58.43.
Southwest Airlines Co's Earnings per Share (NRI) for the trailing twelve months (TTM) ended in Dec. 2016 was 0.79 (Mar. 2016 ) + 1.28 (Jun. 2016 ) + 0.62 (Sep. 2016 ) + 0.85 (Dec. 2016 ) = $3.54.

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.


Related Terms

Net Income, P/E (NRI)


Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

Southwest Airlines Co Annual Data

Dec07Dec08Dec09Dec10Dec11Dec12Dec13Dec14Dec15Dec16
Non Operating Income 292-9254-106-19818132-309-556-162

Southwest Airlines Co Quarterly Data

Sep14Dec14Mar15Jun15Sep15Dec15Mar16Jun16Sep16Dec16
Non Operating Income -66-293-32-88-272-162-11443-64-27
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