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Southwest Airlines Co's other current assets for the quarter that ended in Dec. 2023 was $532 Mil.
Southwest Airlines Co's quarterly other current assets increased from Jun. 2023 ($545 Mil) to Sep. 2023 ($677 Mil) but then declined from Sep. 2023 ($677 Mil) to Dec. 2023 ($532Mil).
Southwest Airlines Co's annual other current assets increased from Dec. 2021 ($646 Mil) to Dec. 2022 ($720 Mil) declined from Dec. 2022 ($720 Mil) to Dec. 2023 ($532 Mil).
The historical data trend for Southwest Airlines Co's Other Current Assets can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Southwest Airlines Co Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Other Current Assets | Get a 7-Day Free Trial | 287.00 | 295.00 | 646.00 | 720.00 | 532.00 |
Southwest Airlines Co Quarterly Data | ||||||||||||||||||||
Mar19 | Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | |
Other Current Assets | Get a 7-Day Free Trial | 720.00 | 629.00 | 545.00 | 677.00 | 532.00 |
Technically, the other current assets line may include any asset that will be used up within the next 12 months. However, other current assets never include assets that are listed elsewhere in the current assets section of the balance sheet. For this reason, other current assets are almost never:
The assets grouped under other current assets are most commonly:
Some companies can and do choose to report each of these items separately.
Other current assets may be made up largely of Prepaid Expenses - unless these are listed on a separate line of the balance sheet.
Prepaid expenses are exactly what they sound like. If a company pays a $30 million insurance premium on the last day of June that will provide coverage for the entire month of July, the company will record a $30 million prepaid expense to account for the insurance expense it will show in July that it already paid for in June.
Tax assets can be quite complex. It is not common for companies to have both tax assets and tax liabilities. It is important that investors take note of both items when considering future taxes.
Non-Trade receivables are rarely a large item. They include money owed to the company by non-customers. Non-trade receivables can be caused by related party transactions, the sale of a business unit, etc. The notes to the company's financial statements will often provide much more detail on this item if it is truly important.
There are a variety of other current assets like non-trade receivables which are simply too numerous to list. If a company is following correct reporting procedures, it should not lump items that are different from one another and yet individually important to the company together under the line Other Current Assets.
At most companies, other current assets are a small and unimportant part of the total balance sheet.
Thank you for viewing the detailed overview of Southwest Airlines Co's Other Current Assets provided by GuruFocus.com. Please click on the following links to see related term pages.
Roy Blunt | director | 2702 LOVE FIELD DRIVE, HDQ 4GC, DALLAS TX 75235 |
Elaine Mendoza | director | 2223 POSTOAK COURT, SAN ANTONIO TX 78248 |
Eduardo F Conrado | director | 1303 E. ALGONQUIN ROAD, SCHAUMBURG IL 60196 |
Ryan C. Green | officer: EVP, Chief Commercial Officer | 2702 LOVE FIELD DRIVE, HDQ 4GC, DALLAS TX 75235 |
Jill A. Soltau | director | 123 SOUTH FRONT STREET, MEMPHIS TN 38103 |
John T Montford | director | C/O SOUTHWEST AIRLINES CO, 2702 LOVE FIELD DR PO BOX 36611, DALLAS TX 75235-1611 |
Christopher P. Reynolds | director | 2702 LOVE FIELD DRIVE, HDQ 4GC, DALLAS TX 75235 |
David P Hess | director | 390 PARK AVENUE, NEW YORK NY 10022 |
Thomas W. Gilligan | director | C/O KB HOME, 10990 WILSHIRE BOULEVARD, 7TH FLOOR, LOS ANGELES CA 90024 |
Linda B. Rutherford | officer: EVP People and Communications | 2702 LOVE FIELD DRIVE, HDQ 4GC, DALLAS TX 75235 |
Robert E Jordan | officer: EVP - Strategy and Planning | C/O SOUTHWEST AIRLINES CO., 2702 LOVE FIELD DRIVE, DALLAS TX 75235 |
Gregory D Wells | officer: EVP, Daily Operations | 2702 LOVE FIELD DRIVE, HDQ 4GC, DALLAS TX 75235 |
Alan Kasher | officer: EVP Daily Operations | 2702 LOVE FIELD DRIVE, HDQ 4GC, DALLAS TX 75235 |
Mark R Shaw | officer: SVP,Gen Counsel,Corp.Secretary | 2702 LOVE FIELD DRIVE, HDQ 4GC, DALLAS TX 75235 |
Tammy Romo | officer: SR VP Finance & CFO | C/O SOUTHWEST AIRINES CO., 2702 LOVE FIELD DR., DALLAS TX 75235 |
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