31-Dec-10 31-Dec-09 Current Year/ CY Net sales

Net Sales $12,104 $10,350 100.00%

Cost of Sales 11,116 10,088 91.84%

Gross Profit 988 262 8.16%

Selling, general, and administrative expenses 11,116 10,088 91.84%

Operating Income 988 262 8.16%

Interest Income -12 -13 -0.10%

Capitilized Interest -18 -21 -0.15%

Income before income taxes 745 164 6.15%

Provision for income taxes 286 65 2.36%

Net Earnings 459 99 3.79%

Net Income Per Share, Basic 0.62 0.13 0.01%

Southwest Airlines Co.

Consolidated Statement of Income

(In millions, except per share amounts)

Vertical Analysis

Prior Year/ PY Net Sales

100.00%

97.47%

2.53%

97.47%

2.53%

-0.13%

-0.20%

1.58%

0.63%

0.96%

0.00%

Southwest Airlines Co.

Consolidated Statement of Income

(In millions, except per share amounts)

Vertical Analysis