SOUTHWEST AIRLINES CO.CONDENSED CONSOLIDATED STATEMENT OF OPERATIONS(in millions, except per share amounts) Year EndedYear EndedYear Ended December 31 December 31,December 31, 2013 20142015OPERATING REVENUES:Passenger16,721$17,658$18,299$Freight164175179Special revenue adjustment–172Other8147721,170Total operating revenues17,69918,60519,820OPERATING EXPENSES:Salaries, wages, and benefits5,0355,4346,383Fuel and oil5,7635,2933,616Maintenance materials and repairs1,0809781,005Aircraft rentals361295238Landing fees and other rentals1,1031,1111,166Depreciation and amortization8679381,015Acquisition and integration8612639Other operating expenses2,1262,2052,242Total operating expenses16,42116,38015,704OPERATING INCOME1,2782,2254,116OTHER EXPENSES (INCOME):Interest expense131130121Capitalized interest(24)(23)(31)Interest income(6)(7)(9)Other (gains) losses, net(32)309556Total other expenses69409637INCOME BEFORE INCOME TAXES1,2091,8163,479PROVISION FOR INCOME TAXES4556801,298NET INCOME754$1,136$2,181$NET INCOME PER SHARE, BASIC$ 1.06$ 1.65$ 3.30NET INCOME PER SHARE, DILUTED$ 1.05$ 1.64$ 3.27WEIGHTED AVERAGE SHARESBasic710687661Diluted718696
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