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Financial Accounting (SouthWest Airlines)

Financial Accounting (SouthWest Airlines)

Paper instructions:
I want you to resolve the test I attached using (SouthWest 2013 Annual Report (PDF) and LUV 10-K(Doc) Files). I attached answers of some of the questions. I want you to verify that answers and complete the rest.

1.    Proceeds Employee stock plans
Proceeds termination of interest rate derivative instrument
Payments of long-term debt and capital lease obligations
Payments of convertible debt
Payments of cash dividends
Repayment of construction obligation
Repurchase of common stock

2.    Payment to acquire AirTran, net of AirTran cash on hand
Payments for purchase of property and equipment, net
Purchases of short-term investments
Proceeds from sales of short-term and other investments

3.    Depreciation and amortization
Unrealized (gain) loss on fuel derivative instruments
Deferred income taxes
Changes in certain assets and liabilities:
Accounts and other receivables
Accounts payable and accrued liabilities
Air traffic liability
Cash collateral received from (provided to) derivative counterparties

4.    ?????????

5.    ?????????

6.    ?????????

7.    ?????????

8.
2013    2012
Net Income    $754    $421
Total Assets    $19,345    $18,596
Total Liabilities    $6,447    $5,506
Long-Term Debt    $2,191    $2,883
Dividend per share    $0.13    $0.0345
Basic Earnings Per Share    $1.06    $0.56

9.
A. The Company’s Managements.
B. ??????
C. ??????
D. Standards of the Public Company Accounting Oversight Board (United States)
E.Our audit included obtaining an understanding of internal control over financial reporting, assessing the risk that a material weakness exists, testing and evaluating the design and operating effectiveness of internal control based on the assessed risk, and performing such other procedures as we considered necessary in the circumstances. We believe that our audit provides a reasonable basis for our opinion.

10.
A. 108,075,976
B. 80.1%
C. 13,58 Cent
D. 12,60 Cent
E. 680
F. 154.72
G: measures the capacity utilization of public transport services like airlines, passenger railways, and intercity bus services. It is generally used to assess how efficiently a transport provider “fills seats” and generates fare revenue.


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