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Southwest Airlines Co (NYSE:LUV)
Pretax Income
$1,742 Mil (TTM As of Jun. 2014)

Pretax income is the income that a company earns before paying income taxes. Southwest Airlines Co's pretax income for the three months ended in Jun. 2014 was $746 Mil. Its pretax income for the trailing twelve months (TTM) ended in Jun. 2014 was $1,742 Mil. Southwest Airlines Co's pretax margin was 14.89%.

During the past 13 years, Southwest Airlines Co's highest Pretax Margin was 18.02%. The lowest was 1.58%. And the median was 9.36%.


Definition

This is the income that a company earns before paying income taxes.

Southwest Airlines Co's Pretax Income for the fiscal year that ended in Dec. 2013 is calculated as

Pretax Income=Operating Income+Non-Recurring Items+Interest Expense+Interest Income+Other
=1278+32+-107+6+0
=1,209

Southwest Airlines Co's Pretax Income for the quarter that ended in Jun. 2014 is calculated as

Pretax Income=Operating Income+Non-Recurring Items+Interest Expense+Interest Income+Other
=775+-3+-28+2+0
=746

Southwest Airlines Co Pre-Tax Income for the trailing twelve months (TTM) ended in Jun. 2014 was 419 (Sep. 2013 ) + 333 (Dec. 2013 ) + 244 (Mar. 2014 ) + 746 (Jun. 2014 ) = $1,742 Mil.

* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.


Explanation

Southwest Airlines Co's Pretax Margin for the quarter that ended in Jun. 2014 is calculated as

Pretax Margin=Pretax Income/Revenue
=746/5011
=14.89%

During the past 13 years, Southwest Airlines Co's highest Pretax Margin was 18.02%. The lowest was 1.58%. And the median was 9.36%.

* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.


Related Terms

Operating Income, Interest Expense, Interest Income, Non-Recurring Items, Revenue


Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.

Southwest Airlines Co Annual Data

Dec04Dec05Dec06Dec07Dec08Dec09Dec10Dec11Dec12Dec13
Pretax Income 4897797901,0582781647453236851,209

Southwest Airlines Co Quarterly Data

Mar12Jun12Sep12Dec12Mar13Jun13Sep13Dec13Mar14Jun14
Pretax Income 1593683312594363419333244746
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