Balance Sheet American Airlines Group Inc.

Equities

AAL

US02376R1023

Airlines

Market Closed - Nasdaq Other stock markets 21:00:00 13/09/2024 BST			5-day change	1st Jan Change
10.69 ^USD	-1.75%		-1.02%	-22.20%

09-13	Boeing strike puts spotlight on 737 MAX customers waiting for deliveries	RE
09-13	Wolfe Research Adjusts American Airlines Price Target to $12 From $13	MT

9d.AfECOl7zpX8ch6eryWVeFf1_juc6nHr3CjKn5wzA9-4.WLVjZSSyiBhV_v-bu1IyQqgOvK5R7DSgS2HolUryp5hvlm5ID8eQMF_LzA

Published financial data: AMERICAN AIRLINES GROUP INC.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2019	2020	2021	2022	2023
Revenues	42.87B	15.29B	27.38B	45.8B	49.32B
Other Revenues, Total	2.9B	2.05B	2.5B	3.17B	3.46B
Total Revenues	45.77B	17.34B	29.88B	48.97B	52.79B
Cost of Goods Sold, Total	33.21B	22.87B	27.95B	37.53B	39B
Gross Profit	12.56B	-5.54B	1.93B	11.44B	13.79B
Selling General & Admin Expenses, Total	1.6B	513M	1.1B	1.82B	1.8B
Depreciation & Amortization - (IS)	1.98B	2.04B	2.02B	1.98B	1.94B
Other Operating Expenses	5.09B	2.97B	3.99B	5.42B	6.01B
Other Operating Expenses, Total	8.67B	5.52B	7.11B	9.21B	9.74B
Operating Income	3.89B	-11.06B	-5.18B	2.23B	4.04B
Interest Expense, Total	-1.1B	-1.23B	-1.8B	-1.96B	-2.14B
Interest And Investment Income	127M	41M	18M	216M	591M
Net Interest Expenses	-968M	-1.19B	-1.78B	-1.75B	-1.55B
Currency Exchange Gains (Loss)	-32M	-24M	-4M	-38M	-30M
Other Non Operating Income (Expenses)	19M	19M	20M	13M	1M
EBT, Excl. Unusual Items	2.91B	-12.25B	-6.94B	458M	2.46B
Restructuring Charges	-282M	-1.43B	-170M	-	-23M
Merger & Related Restructuring Charges	-191M	-	-	-	-
Gain (Loss) On Sale Of Investments	5M	-135M	-31M	-71M	-82M
Asset Writedown	-213M	-1.6B	-27M	-149M	-
Legal Settlements	53M	-	19M	-37M	-
Other Unusual Items	-24M	3.96B	4.6B	-15M	-1.24B
EBT, Incl. Unusual Items	2.26B	-11.45B	-2.55B	186M	1.12B
Income Tax Expense	570M	-2.57B	-555M	59M	299M
Earnings From Continuing Operations	1.69B	-8.88B	-1.99B	127M	822M
Net Income to Company	1.69B	-8.88B	-1.99B	127M	822M
Net Income - (IS)	1.69B	-8.88B	-1.99B	127M	822M
Net Income to Common Incl Extra Items	1.69B	-8.88B	-1.99B	127M	822M
Net Income to Common Excl. Extra Items	1.69B	-8.88B	-1.99B	127M	822M
Per Share Items
Net EPS - Basic	3.8	-18.36	-3.09	0.2	1.26
Basic EPS - Continuing Operations	3.8	-18.36	-3.09	0.2	1.26
Basic Weighted Average Shares Outstanding	443M	484M	644M	650M	654M
Net EPS - Diluted	3.79	-18.36	-3.09	0.19	1.21
Diluted EPS - Continuing Operations	3.79	-18.36	-3.09	0.19	1.21
Diluted Weighted Average Shares Outstanding	444M	484M	644M	655M	720M
Normalized Basic EPS	4.1	-15.82	-6.74	0.44	2.35
Normalized Diluted EPS	4.09	-15.82	-6.74	0.44	2.14
Dividend Per Share	0.4	0.1	-	-	-
Payout Ratio	10.56	-0.48	-	-	-
American Depositary Receipts Ratio (ADR)	1	1	1	1	1
Supplemental Items
EBITDA	6.21B	-8.75B	-2.84B	4.53B	6.3B
EBITA	3.93B	-11.02B	-5.14B	2.27B	4.05B
EBIT	3.89B	-11.06B	-5.18B	2.23B	4.04B
EBITDAR	10.56B	-5.16B	1.45B	8.87B	10.76B
Total Revenues (As Reported)	45.77B	17.34B	29.88B	48.97B	52.79B
Effective Tax Rate - (Ratio)	25.27	22.42	21.78	31.72	26.67
Current Domestic Taxes	2M	-	-	-	-
Current Foreign Taxes	8M	-	-	-	-
Total Current Taxes	10M	-	-	-6M	-
Deferred Domestic Taxes	560M	-2.57B	-555M	65M	299M
Total Deferred Taxes	560M	-2.57B	-555M	65M	299M
Normalized Net Income	1.82B	-7.66B	-4.34B	286M	1.54B
Interest Capitalized	-	-	-	-	-
Interest on Long-Term Debt	1.1B	1.23B	1.8B	1.96B	2.14B
Non-Cash Pension Expense	66M	-189M	-318M	-398M	-36M
Supplemental Operating Expense Items
Advertising Expense	129M	50M	105M	105M	114M
Selling and Marketing Expenses	1.6B	513M	1.1B	1.82B	1.8B
Net Rental Expense, Total	4.35B	3.59B	4.29B	4.34B	4.46B
Imputed Operating Lease Interest Expense	1.13B	945M	1.42B	1.52B	1.82B
Imputed Operating Lease Depreciation	3.22B	2.64B	2.88B	2.83B	2.65B
Maintenance & Repair Expenses, Total	2.78B	1.9B	1.98B	2.68B	3.26B
Stock-Based Comp., COGS (Total)	95M	-	-	-	-
Stock-Based Comp., Other (Total)	-	91M	98M	78M	102M
Total Stock-Based Compensation	95M	91M	98M	78M	102M

Fiscal Period: December	2019	2020	2021	2022	2023
Assets
Cash And Equivalents	280M	245M	273M	440M	578M
Short Term Investments	3.55B	6.62B	12.16B	9.37B	7.81B
Total Cash And Short Term Investments	3.83B	6.86B	12.43B	9.81B	8.38B
Accounts Receivable, Total	1.75B	1.34B	1.5B	2.14B	2.03B
Total Receivables	1.75B	1.34B	1.5B	2.14B	2.03B
Inventory	1.85B	1.61B	1.8B	2.28B	2.4B
Prepaid Expenses	621M	666M	615M	892M	658M
Restricted Cash	10M	154M	135M	146M	103M
Other Current Assets, Total	148M	455M	855M	-	-
Total Current Assets	8.21B	11.1B	17.34B	15.27B	13.57B
Gross Property Plant And Equipment	60.72B	55.05B	55.04B	57.71B	60.04B
Accumulated Depreciation	-18.66B	-16.76B	-18.17B	-20.03B	-22.1B
Net Property Plant And Equipment	42.06B	38.29B	36.87B	37.68B	37.94B
Long-term Investments	204M	161M	239M	245M	541M
Goodwill	4.09B	4.09B	4.09B	4.09B	4.09B
Other Intangibles, Total	2.08B	2.03B	1.99B	2.06B	2.05B
Deferred Tax Assets Long-Term	645M	3.24B	3.56B	3.1B	2.89B
Other Long-Term Assets, Total	2.71B	3.1B	2.39B	2.27B	1.97B
Total Assets	60B	62.01B	66.47B	64.72B	63.06B
Liabilities
Accounts Payable, Total	2.06B	1.2B	1.77B	2.15B	2.35B
Accrued Expenses, Total	3.68B	4.14B	4.26B	4.69B	5.12B
Current Portion of Long-Term Debt	2.75B	2.7B	2.32B	3.06B	3.5B
Current Portion of Leases	1.82B	1.75B	1.68B	1.68B	1.44B
Unearned Revenue Current, Total	8B	6.79B	8.98B	9.91B	9.65B
Total Current Liabilities	18.31B	16.57B	19.01B	21.5B	22.06B
Long-Term Debt	20.9B	29.32B	35.01B	31.84B	28.9B
Long-Term Leases	7.98B	7.25B	7.17B	7.1B	6.83B
Unearned Revenue Non Current	5.42B	7.16B	6.24B	5.98B	5.87B
Pension & Other Post Retirement Benefits	6.05B	7.07B	5.05B	2.84B	3.04B
Other Non Current Liabilities	1.45B	1.5B	1.33B	1.26B	1.56B
Total Liabilities	60.11B	68.88B	73.81B	70.52B	68.26B
Common Stock, Total	4M	6M	6M	6M	7M
Additional Paid In Capital	3.94B	6.89B	7.23B	7.29B	7.37B
Retained Earnings	2.26B	-6.66B	-8.64B	-8.51B	-7.69B
Comprehensive Income and Other	-6.33B	-7.1B	-5.94B	-4.58B	-4.89B
Total Common Equity	-118M	-6.87B	-7.34B	-5.8B	-5.2B
Total Equity	-118M	-6.87B	-7.34B	-5.8B	-5.2B
Total Liabilities And Equity	60B	62.01B	66.47B	64.72B	63.06B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	426M	640M	649M	651M	655M
ECS Total Common Shares Outstanding	428M	621M	648M	651M	654M
Book Value / Share	-0.28	-11.05	-11.33	-8.91	-7.95
Tangible Book Value	-6.29B	-12.99B	-13.42B	-11.95B	-11.34B
Tangible Book Value Per Share	-14.7	-20.9	-20.72	-18.36	-17.34
Total Debt	33.44B	41.02B	46.18B	43.69B	40.66B
Net Debt	29.62B	34.16B	33.75B	33.87B	32.28B
Debt Equivalent of Unfunded Proj. Benefit Obligation	5.46B	6.26B	4.22B	2.15B	1.98B
Debt Equivalent Oper. Leases	34.79B	28.69B	34.34B	34.76B	35.7B
Equity Method Investments, Total	-	-	-	-	240M
Account Code - Inventory Valuation	5	5	5	5	5
Inventories - Others	2.64B	2.1B	2.43B	2.9B	3.13B
Machinery, Total	42.54B	37.82B	37.86B	39.7B	41.79B
Full Time Employees	134K	103K	123K	130K	132K
Accumulated Allowance for Doubtful Accounts (Supple)	31M	36M	34M	-	-

Fiscal Period: December	2019	2020	2021	2022	2023
Net Income	1.69B	-8.88B	-1.99B	127M	822M
Depreciation & Amortization - CF	2.28B	2.27B	2.29B	2.26B	2.25B
Amortization of Goodwill and Intangible Assets - (CF)	41M	41M	41M	41M	7M
Depreciation & Amortization, Total	2.32B	2.31B	2.34B	2.3B	2.25B
(Gain) Loss From Sale Of Asset	-112M	-95M	-22M	-	-
Asset Writedown & Restructuring Costs	-	58M	-	-	-
Stock-Based Compensation (CF)	94M	91M	98M	78M	102M
Other Operating Activities, Total	696M	-1.24B	-755M	-148M	389M
Change In Accounts Receivable	73M	538M	-304M	-637M	95M
Change In Accounts Payable	327M	-626M	461M	585M	873M
Change in Unearned Revenues	545M	529M	1.39B	668M	-363M
Change in Other Net Operating Assets	-1.81B	776M	-510M	-798M	-369M
Cash from Operations	3.82B	-6.54B	704M	2.17B	3.8B
Capital Expenditure	-4.27B	-1.96B	-412M	-2.91B	-2.6B
Sale of Property, Plant, and Equipment	54M	351M	193M	61M	230M
Sale (Purchase) of Intangible assets	-	-	-	-	-
Investment in Marketable and Equity Securities, Total	960M	-3.03B	-5.55B	3.39B	1.54B
Other Investing Activities, Total	1.01B	294M	-210M	87M	326M
Cash from Investing	-2.24B	-4.34B	-5.98B	636M	-502M
Long-Term Debt Issued, Total	3.96B	11.78B	12.19B	1.07B	4.82B
Total Debt Issued	3.96B	11.78B	12.19B	1.07B	4.82B
Long-Term Debt Repaid, Total	-4.19B	-3.54B	-7.34B	-3.75B	-7.72B
Total Debt Repaid	-4.19B	-3.54B	-7.34B	-3.75B	-7.72B
Issuance of Common Stock	-	2.97B	460M	-	-
Repurchase of Common Stock	-1.1B	-173M	-18M	-21M	-
Common Dividends Paid	-178M	-43M	-	-	-
Common & Preferred Stock Dividends Paid	-178M	-43M	-	-	-
Other Financing Activities, Total	-63M	-5M	-1M	73M	-310M
Cash from Financing	-1.57B	10.99B	5.29B	-2.63B	-3.21B
Net Change in Cash	4M	109M	9M	178M	95M
Supplemental Items
Cash Interest Paid	-	-	-	-	-
Cash Income Tax Paid (Refund)	8M	6M	3M	2M	6M
Levered Free Cash Flow	-17.75M	-8.71B	-125M	-21.12M	1.58B
Unlevered Free Cash Flow	667M	-7.94B	1B	1.21B	2.92B
Change In Net Working Capital	-91M	1.47B	-2.22B	-342M	-632M
Net Debt Issued / Repaid	-230M	8.24B	4.85B	-2.68B	-2.9B

Fiscal Period: December	2019	2020	2021	2022	2023
Profitability
Return on Assets	4.03	-11.33	-5.04	2.12	3.96
Return on Total Capital	7.24	-20.48	-8.87	3.63	6.89
Return On Equity %	-1.17K	254.4	28.06	-1.93	-14.94
Return on Common Equity	-1.17K	254.4	28.06	-1.93	-14.94
Margin Analysis
Gross Profit Margin %	27.44	-31.93	6.47	23.37	26.12
SG&A Margin	3.5	2.96	3.67	3.71	3.41
EBITDA Margin %	13.56	-50.45	-9.51	9.24	11.93
EBITA Margin %	8.59	-63.55	-17.19	4.64	7.68
EBIT Margin %	8.5	-63.78	-17.32	4.55	7.66
Income From Continuing Operations Margin %	3.68	-51.25	-6.67	0.26	1.56
Net Income Margin %	3.68	-51.25	-6.67	0.26	1.56
Net Avail. For Common Margin %	3.68	-51.25	-6.67	0.26	1.56
Normalized Net Income Margin	3.97	-44.16	-14.52	0.58	2.91
Levered Free Cash Flow Margin	-0.04	-50.21	-0.42	-0.04	2.99
Unlevered Free Cash Flow Margin	1.46	-45.79	3.35	2.46	5.53
Asset Turnover
Asset Turnover	0.76	0.28	0.47	0.75	0.83
Fixed Assets Turnover	1.09	0.43	0.8	1.31	1.4
Receivables Turnover (Average Receivables)	24.81	9.89	19.23	25.14	23.69
Inventory Turnover (Average Inventory)	19.69	13.2	16.4	18.42	16.67
Short Term Liquidity
Current Ratio	0.45	0.67	0.91	0.71	0.62
Quick Ratio	0.3	0.5	0.73	0.56	0.47
Operating Cash Flow to Current Liabilities	0.21	-0.39	0.04	0.1	0.17
Days Sales Outstanding (Average Receivables)	14.71	37.01	18.98	14.52	15.41
Days Outstanding Inventory (Average Inventory)	18.54	27.72	22.26	19.81	21.89
Average Days Payable Outstanding	20.87	26.34	19.26	18.82	21
Cash Conversion Cycle (Average Days)	12.38	38.4	21.98	15.5	16.3
Long Term Solvency