Similar companies
Income Statement (USD)
Q2 '24 | QoQ | |
---|---|---|
Revenue | 7.35B | 17.3% |
Gross Profit | 1.84B | 98.4% |
Cost of Revenue | 5.51B | 3.2% |
Operating expense | 6.96B | 3.5% |
Net Income | 367M | 258.9% |
EBITDA | 874M | 420.2% |
Balance Sheet (USD)
Q2 '24 | QoQ | |
---|---|---|
Total Assets | 35.6B | 1.3% |
Total Liabilities | 25.1B | 2.8% |
Total Equity | 10.5B | 2.6% |
Shares Outstanding | 599M | 0.3% |
Cash Flow (USD)
Q2 '24 | QoQ | |
---|---|---|
Cash from operations | -23M | 77.9% |
Cash from investing | -206M | 64.8% |
Cash from financing | 4M | 101.7% |
EPS
Financial Highlights for Southwest in Q2 '24
Southwest reported a revenue of 7.35B, which is a 17.3% change from the previous quarter. An increase in revenue typically indicates growing demand for the company's products or services. This positive change in revenue is a good sign, suggesting that the company's sales are moving in the right direction.
Gross Profit stood at 1.84B, marking a 98.4% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 5.51B, a 3.2% difference from the previous quarter. A rising cost of revenue may suggest increased production or sales costs, which can impact margins. However, if accompanied by a proportionate rise in revenue, it could indicate scaling operations.
Operating Expenses for this period were 6.96B, showing a 3.5% change from the last quarter. Operating expenses cover the costs of running daily business operations. A significant increase might indicate inefficiencies or investments in growth, while a decrease could suggest cost-saving measures or potential underinvestment in key areas.
Net Income for the quarter was 367M, showing a 258.9% change from the prior quarter. Net income provides a clear picture of the company's profitability after all expenses. An increase suggests the company is becoming more profitable, while a decrease may raise concerns about the company's financial health, unless there are specific one-time costs or investments.
The company's EBITDA for the quarter was 874M, showing a 420.2% change from the previous period. EBITDA gives insight into the company's operational profitability, excluding non-operating expenses like interest and taxes. A rising EBITDA indicates strong operational performance, while a declining EBITDA may signal operational challenges or increased costs.
It was a positive quarter for Southwest with growth in revenue, gross profit, and net income. Higher operating expenses might indicate increased investments or potential inefficiencies.