Income Statement ANA Holdings Inc.

Stocks

9202

JP3429800000

Airlines

Market Closed - Japan Exchange Other stock markets 07:30:00 09/06/2026 BST			5-day change	1st Jan Change
2,776.50 ^JPY	-0.80%		-4.77%	-6.80%

06-07	All Nippon Airways CEO expects to take Boeing 777X in 2027	RE
05-15	Airlines tackle fuel cost surge with price hikes, outlook cuts	RE

0d8f15bb2547b618bebe44da379bdd.nQhYh8nCTF7nn40gz9z0SWBeLrUC78I_ZH8hbF_c-S0.sD8awP2bfyeJ97QVo7TFfS1pb8Z4m6BSMjgUNBSaqFSpQG39rJU1LtT0wA

Published financial data: ANA HOLDINGS INC.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: March	2021	2022	2023	2024	2025
Revenues	729B	1,020B	1,707B	2,056B	2,262B
Total Revenues	729B	1,020B	1,707B	2,056B	2,262B
Cost of Goods Sold, Total	1T	1,049B	1,404B	1,642B	1,844B
Gross Profit	-271B	-29.09B	304B	414B	418B
Selling General & Admin Expenses, Total	166B	119B	162B	188B	206B
Provision for Bad Debts	47M	44M	37M	112M	103M
Depreciation & Amortization - (IS)	26.97B	25.38B	22.11B	17.78B	15.2B
Other Operating Expenses, Total	193B	144B	184B	206B	222B
Operating Income	-465B	-173B	120B	208B	197B
Interest Expense, Total	-16.69B	-25.34B	-24.84B	-23.32B	-23.36B
Interest And Investment Income	2.11B	1.28B	1.93B	2.6B	6.02B
Net Interest Expenses	-14.58B	-24.06B	-22.92B	-20.72B	-17.34B
Income (Loss) On Equity Invest.	-3.63B	-2.03B	801M	1.06B	1.59B
Currency Exchange Gains (Loss)	4.14B	2.54B	2.31B	4.46B	2.48B
Other Non Operating Income (Expenses)	40.54B	16.14B	7.05B	17.6B	23.14B
EBT, Excl. Unusual Items	-438B	-181B	107B	210B	207B
Gain (Loss) On Sale Of Investments	-8.06B	2.94B	-1.04B	-2.82B	404M
Gain (Loss) On Sale Of Assets	-2.18B	15.64B	6.12B	-2.65B	-6.43B
Asset Writedown	-12.28B	-9.36B	-	-	-
Legal Settlements	-	-	-	-	-
Other Unusual Items	-84.56B	-4.06B	1.99B	-	-3.92B
EBT, Incl. Unusual Items	-545B	-175B	114B	205B	197B
Income Tax Expense	-138B	-33.14B	24.24B	46.51B	42.69B
Earnings From Continuing Operations	-408B	-142B	90.1B	158B	154B
Net Income to Company	-408B	-142B	90.1B	158B	154B
Minority Interest	3.07B	-1.39B	-621M	-1.23B	-851M
Net Income - (IS)	-405B	-144B	89.48B	157B	153B
Net Income to Common Incl Extra Items	-405B	-144B	89.48B	157B	153B
Net Income to Common Excl. Extra Items	-405B	-144B	89.48B	157B	153B
Per Share Items
Net EPS - Basic	-1.08K	-305.37	190.24	335.09	325.58
Basic EPS - Continuing Operations	-1.08K	-305.37	190.24	335.09	325.58
Basic Weighted Average Shares Outstanding	374M	470M	470M	469M	470M
Net EPS - Diluted	-1.08K	-305.37	170.16	301.62	290.72
Diluted EPS - Continuing Operations	-1.08K	-305.37	170.16	301.62	290.72
Diluted Weighted Average Shares Outstanding	374M	470M	526M	521M	526M
Normalized Basic EPS	-724.36	-242.86	141.23	277.74	272.81
Normalized Diluted EPS	-724.36	-242.86	126.32	250	243.59
Dividend Per Share	-	-	-	50	60
Payout Ratio	-	-	-	-	15.37
American Depositary Receipts Ratio (ADR)	0.2	0.2	0.2	0.2	0.2
Supplemental Items
EBITDA	-286B	-13.51B	270B	352B	347B
EBITA	-463B	-171B	122B	210B	199B
EBIT	-465B	-173B	120B	208B	197B
Effective Tax Rate - (Ratio)	25.25	18.89	21.2	22.71	21.72
Total Current Taxes	-	-	-	-	-
Total Deferred Taxes	-	-	-	-	-
Normalized Net Income	-271B	-114B	66.43B	130B	128B
Non-Cash Pension Expense	4.67B	3.85B	4.28B	3.98B	3.9B
Supplemental Operating Expense Items
Advertising Expense	5.94B	3.08B	4.58B	6.43B	7.66B
Selling and Marketing Expenses	45.07B	21.91B	46.1B	61.03B	69.82B

Fiscal Period: March	2021	2022	2023	2024	2025
Assets
Cash And Equivalents	465B	453B	604B	601B	455B
Short Term Investments	501B	498B	580B	657B	762B
Total Cash And Short Term Investments	966B	951B	1,184B	1,258B	1,216B
Accounts Receivable, Total	123B	166B	201B	229B	256B
Total Receivables	123B	166B	201B	229B	256B
Inventory	38.86B	44.07B	44.66B	53.96B	75.84B
Prepaid Expenses	-	-	-	-	-
Deferred Tax Assets Current	-	-	-	-	-
Other Current Assets, Total	98.91B	133B	122B	160B	146B
Total Current Assets	1,226B	1,294B	1,551B	1,701B	1,694B
Gross Property Plant And Equipment	-	-	-	-	-
Accumulated Depreciation	-	-	-	-	-
Net Property Plant And Equipment	1,446B	1,350B	1,271B	1,331B	1,405B
Long-term Investments	197B	199B	186B	214B	193B
Goodwill	22.35B	20.23B	18.12B	16B	14B
Other Intangibles, Total	87.84B	73.05B	69.7B	87.91B	116B
Loans Receivable Long-Term	6.08B	6.85B	6.64B	6.14B	7.52B
Deferred Tax Assets Long-Term	220B	273B	263B	213B	191B
Deferred Charges Long-Term	2.06B	1.63B	997M	533M	431M
Other Long-Term Assets, Total	-	-	-	-	-
Total Assets	3,208B	3,218B	3,367B	3,570B	3,620B
Liabilities
Accounts Payable, Total	162B	125B	163B	229B	236B
Accrued Expenses, Total	4.8B	10.34B	33.69B	55.69B	60.4B
Short-term Borrowings	100B	100B	92.17B	84.17B	76.92B
Current Portion of Long-Term Debt	69.44B	133B	115B	144B	297B
Current Portion of Leases	3.52B	4.06B	3.05B	2.05B	2.23B
Current Income Taxes Payable	10.7B	2.91B	6.91B	8.02B	7.47B
Unearned Revenue Current, Total	-	-	-	-	-
Other Current Liabilities	153B	313B	470B	512B	597B
Total Current Liabilities	503B	688B	883B	1,035B	1,277B
Long-Term Debt	1,473B	1,507B	1,393B	1,249B	967B
Long-Term Leases	9.16B	5.99B	5.48B	5.23B	5.83B
Pension & Other Post Retirement Benefits	162B	158B	162B	161B	155B
Deferred Tax Liability Non Current	222M	1.5B	206M	505M	482M
Other Non Current Liabilities	47.87B	54.42B	52.94B	66.2B	75.75B
Total Liabilities	2,196B	2,415B	2,496B	2,517B	2,480B
Common Stock, Total	468B	468B	468B	468B	468B
Additional Paid In Capital	407B	407B	407B	404B	395B
Retained Earnings	145B	-113B	-21.13B	136B	265B
Treasury Stock	-59.34B	-59.35B	-59.36B	-56.51B	-56.55B
Comprehensive Income and Other	46.54B	94.9B	67.98B	93.38B	58.99B
Total Common Equity	1,007B	797B	862B	1,045B	1,130B
Minority Interest	5.09B	6.17B	7.97B	8.12B	9.78B
Total Equity	1,012B	803B	870B	1,053B	1,140B
Total Liabilities And Equity	3,208B	3,218B	3,367B	3,570B	3,620B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	470M	470M	470M	470M	470M
ECS Total Common Shares Outstanding	470M	470M	470M	470M	470M
Book Value / Share	2.14K	1.69K	1.83K	2.22K	2.41K
Tangible Book Value	897B	704B	775B	941B	1,000B
Tangible Book Value Per Share	1.91K	1.5K	1.65K	2K	2.13K
Total Debt	1,655B	1,750B	1,608B	1,484B	1,349B
Net Debt	690B	799B	424B	226B	133B
Debt Equivalent of Unfunded Proj. Benefit Obligation	160B	156B	160B	157B	150B
Minority Interest, Total (Incl. Fin. Div)	5.09B	6.17B	7.97B	8.12B	9.78B
Equity Method Investments, Total	-	-	-	-	-
Account Code - Inventory Valuation	-	-	-	-	-
Inventories - Raw Materials, Total	27.23B	34.86B	35.7B	42.22B	61.32B
Inventories - Finished Goods, Total	11.62B	9.22B	8.96B	11.74B	14.52B
Land - (BS)	-	-	-	-	-
Buildings, Total	-	-	-	-	-
Machinery, Total	-	-	-	-	-
Full Time Employees	46.58K	42.2K	40.51K	41.22K	44.11K
Accumulated Allowance for Doubtful Accounts (Supple)	231M	245M	258M	285M	279M

Fiscal Period: March	2021	2022	2023	2024	2025
Net Income	-545B	-175B	114B	205B	197B
Depreciation & Amortization - CF	176B	158B	148B	142B	149B
Amortization of Goodwill and Intangible Assets - (CF)	2.12B	2.12B	2.12B	2.12B	2B
Depreciation & Amortization, Total	178B	160B	150B	144B	151B
(Gain) Loss From Sale Of Asset	86.33B	-6.28B	-6.12B	2.65B	6.43B
(Gain) Loss on Sale of Investments - (CF)	8.06B	-2.94B	841M	2.82B	-404M
Asset Writedown & Restructuring Costs	-	-	-	-	-
Other Operating Activities, Total	43.29B	20.22B	3.74B	-780M	-5.52B
Change In Accounts Receivable	-5.11B	-44.96B	-36.52B	-33.42B	-29.57B
Change In Accounts Payable	-25.16B	2.47B	35.61B	62.54B	-825M
Change in Other Net Operating Assets	-10.95B	-29.17B	188B	37.54B	55.7B
Cash from Operations	-270B	-76.41B	450B	421B	373B
Capital Expenditure	-134B	-121B	-93.45B	-202B	-217B
Sale of Property, Plant, and Equipment	54.42B	87.06B	42.72B	29.17B	17.56B
Cash Acquisitions	-	-	-	-	-
Sale (Purchase) of Intangible assets	-22.54B	-12.77B	-23.44B	-38.4B	-39.07B
Investment in Marketable and Equity Securities, Total	-496B	277B	-128B	-186B	-98.76B
Net (Increase) Decrease in Loans Originated / Sold - Investing	-	-	-	-	-5.6B
Other Investing Activities, Total	2.71B	-727M	-2.15B	-1.8B	-919M
Cash from Investing	-596B	230B	-204B	-400B	-344B
Short Term Debt Issued, Total	97.75B	-	-	-	-
Long-Term Debt Issued, Total	828B	170B	-	-	15.79B
Total Debt Issued	926B	170B	-	-	15.79B
Short Term Debt Repaid, Total	-	-	-7.9B	-8B	-7.25B
Long-Term Debt Repaid, Total	-119B	-72.7B	-133B	-115B	-144B
Total Debt Repaid	-119B	-72.7B	-141B	-123B	-152B
Issuance of Common Stock	296B	-	-	-	-
Repurchase of Common Stock	99M	-16M	-15M	-9.34B	-38M
Common Dividends Paid	-	-	-	-	-23.52B
Common & Preferred Stock Dividends Paid	-	-	-	-	-23.52B
Other Financing Activities, Total	-4.81B	-3.44B	-2.22B	-4.07B	-10.84B
Cash from Financing	1,098B	93.65B	-143B	-136B	-170B
Foreign Exchange Rate Adjustments	2.65B	3.63B	2.53B	3.98B	982M
Miscellaneous Cash Flow Adjustments	-236M	-163M	-	-	-
Net Change in Cash	234B	251B	105B	-111B	-140B
Supplemental Items
Cash Interest Paid	12.47B	26.08B	24.99B	23.42B	23.06B
Cash Income Tax Paid (Refund)	-749M	5.48B	3.68B	1.66B	5.56B
Levered Free Cash Flow	-299B	-59.52B	291B	74.92B	63.9B
Unlevered Free Cash Flow	-289B	-43.68B	307B	89.5B	78.5B
Change In Net Working Capital	19.94B	-38.27B	-198B	-55.59B	-60.87B
Net Debt Issued / Repaid	807B	97.1B	-141B	-123B	-136B

Fiscal Period: March	2021	2022	2023	2024	2025
Profitability
Return on Assets	-10.07	-3.37	2.28	3.75	3.42
Return on Total Capital	-12.69	-4.14	2.98	5.18	4.89
Return On Equity %	-39.18	-15.67	10.77	16.47	14.04
Return on Common Equity	-39.13	-15.92	10.78	16.48	14.07
Margin Analysis
Gross Profit Margin %	-37.23	-2.85	17.8	20.12	18.49
SG&A Margin	22.84	11.63	9.47	9.14	9.12
EBITDA Margin %	-39.29	-1.32	15.84	17.14	15.35
EBITA Margin %	-63.49	-16.76	7.15	10.22	8.78
EBIT Margin %	-63.78	-16.97	7.03	10.11	8.69
Income From Continuing Operations Margin %	-55.95	-13.94	5.28	7.7	6.8
Net Income Margin %	-55.53	-14.08	5.24	7.64	6.77
Net Avail. For Common Margin %	-55.53	-14.08	5.24	7.64	6.77
Normalized Net Income Margin	-37.17	-11.2	3.89	6.33	5.67
Levered Free Cash Flow Margin	-41.05	-5.83	17.06	3.64	2.83
Unlevered Free Cash Flow Margin	-39.61	-4.28	17.97	4.35	3.47
Asset Turnover
Asset Turnover	0.25	0.32	0.52	0.59	0.63
Fixed Assets Turnover	0.48	0.73	1.3	1.58	1.65
Receivables Turnover (Average Receivables)	5.97	7.06	9.31	9.57	9.33
Inventory Turnover (Average Inventory)	18.84	25.31	31.64	33.31	28.4
Short Term Liquidity
Current Ratio	2.44	1.88	1.76	1.64	1.33
Quick Ratio	2.16	1.62	1.57	1.44	1.15
Operating Cash Flow to Current Liabilities	-0.54	-0.11	0.51	0.41	0.29
Days Sales Outstanding (Average Receivables)	61.1	51.72	39.21	38.24	39.13
Days Outstanding Inventory (Average Inventory)	19.38	14.42	11.54	10.99	12.85
Average Days Payable Outstanding	65.26	49.58	37.43	43.46	45.47
Cash Conversion Cycle (Average Days)	15.22	16.56	13.32	5.76	6.51
Long Term Solvency
Total Debt/Equity	163.53	217.83	184.74	140.98	118.33
Total Debt / Total Capital	62.05	68.54	64.88	58.5	54.2
LT Debt/Equity	146.44	188.35	160.63	119.13	85.32
Long-Term Debt / Total Capital	55.57	59.26	56.41	49.44	39.08
Total Liabilities / Total Assets	68.44	75.04	74.15	70.51	68.51
EBIT / Interest Expense	-27.85	-6.83	4.83	8.91	8.42
EBITDA / Interest Expense	-17.16	-0.53	10.88	15.11	14.87
(EBITDA - Capex) / Interest Expense	-25.2	-5.29	7.12	6.44	5.58
Total Debt / EBITDA	-5.78	-129.58	5.95	4.21	3.88
Net Debt / EBITDA	-2.41	-59.17	1.57	0.64	0.38
Total Debt / (EBITDA - Capex)	-3.94	-13.05	9.09	9.88	10.34
Net Debt / (EBITDA - Capex)	-1.64	-5.96	2.4	1.51	1.02
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	-63.09	40.02	67.35	20.41	10.02
Gross Profit, 1 Yr. Growth %	-169.43	-89.28	-1.14K	36.11	1.12
EBITDA, 1 Yr. Growth %	-219.02	-95.28	-2.1K	30.3	-1.43
EBITA, 1 Yr. Growth %	-813.85	-63.04	-171.43	71.95	-5.42
EBIT, 1 Yr. Growth %	-864.36	-62.75	-169.33	73.22	-5.42
Earnings From Cont. Operations, 1 Yr. Growth %	-1.67K	-65.11	-163.34	75.73	-2.81
Net Income, 1 Yr. Growth %	-1.56K	-64.5	-162.3	75.57	-2.59
Normalized Net Income, 1 Yr. Growth %	-789.85	-57.83	-158.15	96.03	-1.53
Diluted EPS Before Extra, 1 Yr. Growth %	-1.41K	-71.78	-155.72	77.26	-3.61
Accounts Receivable, 1 Yr. Growth %	1.4	35.42	20.58	14.19	11.75
Inventory, 1 Yr. Growth %	-42.28	13.43	1.32	20.84	40.55
Net Property, Plant and Equip., 1 Yr. Growth %	-8.48	-6.64	-5.85	4.68	5.58
Total Assets, 1 Yr. Growth %	25.3	0.33	4.61	6.02	1.42
Tangible Book Value, 1 Yr. Growth %	-4.11	-21.52	10.03	21.43	6.33
Common Equity, 1 Yr. Growth %	-5.07	-20.85	8.17	21.11	8.22
Cash From Operations, 1 Yr. Growth %	-307.76	-71.75	-688.67	-6.49	-11.31
Capital Expenditures, 1 Yr. Growth %	-57.75	-10.12	-22.51	116.23	7.32
Levered Free Cash Flow, 1 Yr. Growth %	39.64	-80.1	-589.57	-74.29	-14.71
Unlevered Free Cash Flow, 1 Yr. Growth %	37.29	-84.87	-802.66	-70.84	-12.29
Dividend Per Share, 1 Yr. Growth %	-	-	-	-	20
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	-40.5	-28.11	53.08	41.95	15.09
Gross Profit, 2 Yr. CAGR %	-26.22	-72.72	5.84	277.1	17.32
EBITDA, 2 Yr. CAGR %	-6.66	-76.3	-2.82	410.76	13.33
EBITA, 2 Yr. CAGR %	65.43	62.44	-48.62	10.82	27.52
EBIT, 2 Yr. CAGR %	67.82	68.74	-49.18	9.59	27.99
Earnings From Cont. Operations, 2 Yr. CAGR %	90.93	134.26	-52.99	5.5	30.69
Net Income, 2 Yr. CAGR %	91.12	127.89	-52.97	4.58	30.78
Normalized Net Income, 2 Yr. CAGR %	62.47	70.56	-50.48	6.77	38.94
Diluted EPS Before Extra, 2 Yr. CAGR %	80.79	92.2	-60.34	-0.62	30.71
Accounts Receivable, 2 Yr. CAGR %	-22.92	17.18	27.78	17.34	12.97
Inventory, 2 Yr. CAGR %	-20.92	-19.08	7.2	10.65	30.32
Net Property, Plant and Equip., 2 Yr. CAGR %	-3.31	-7.56	-6.24	-0.73	5.12
Total Assets, 2 Yr. CAGR %	9.26	12.12	2.45	5.31	3.7
Tangible Book Value, 2 Yr. CAGR %	-2.53	-13.25	-7.08	15.59	13.63
Common Equity, 2 Yr. CAGR %	-4.28	-13.32	-7.47	14.46	14.48
Cash From Operations, 2 Yr. CAGR %	-4.44	-23.38	28.97	134.62	-8.93
Capital Expenditures, 2 Yr. CAGR %	-36.88	-38.38	-16.54	29.45	52.33
Levered Free Cash Flow, 2 Yr. CAGR %	71.65	-47.29	-1.3	12.2	-53.17
Unlevered Free Cash Flow, 2 Yr. CAGR %	72.39	-54.42	3.11	43.14	-49.43
Dividend Per Share, 2 Yr. CAGR %	-	-	-	-	-
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	-28.24	-20.86	-4.72	41.3	30.39
Gross Profit, 3 Yr. CAGR %	-17.88	-61.21	-8.04	15.1	143.18
EBITDA, 3 Yr. CAGR %	-3.54	-65.49	3.98	7.16	195.16
EBITA, 3 Yr. CAGR %	40.02	0.39	23.52	-23.15	5.12
EBIT, 3 Yr. CAGR %	41.37	1.61	25.44	-23.52	4.34
Earnings From Cont. Operations, 3 Yr. CAGR %	40.93	8.35	51.48	-27.04	2.66
Net Income, 3 Yr. CAGR %	41.15	9.04	47.9	-27.05	2.14
Normalized Net Income, 3 Yr. CAGR %	39.77	3.64	19.15	-21.66	3.93
Diluted EPS Before Extra, 3 Yr. CAGR %	37.33	-2.65	27.21	-34.68	-1.63
Accounts Receivable, 3 Yr. CAGR %	-15.05	-6.99	18.3	23.08	15.45
Inventory, 3 Yr. CAGR %	-14.64	-10.81	-12.78	11.57	19.83
Net Property, Plant and Equip., 3 Yr. CAGR %	0.31	-4.43	-7	-2.74	1.33
Total Assets, 3 Yr. CAGR %	7.78	6.2	9.56	3.62	4
Tangible Book Value, 3 Yr. CAGR %	2.48	-9.32	-6.1	1.59	12.42
Common Equity, 3 Yr. CAGR %	0.62	-10.16	-6.68	1.22	12.34
Cash From Operations, 3 Yr. CAGR %	-5.06	-36.34	51.19	15.86	69.64
Capital Expenditures, 3 Yr. CAGR %	-20.35	-28.99	-33.49	14.62	21.61
Levered Free Cash Flow, 3 Yr. CAGR %	295.55	-16.3	10.8	-36.96	2.4
Unlevered Free Cash Flow, 3 Yr. CAGR %	688.2	-23.39	13.44	-32.32	21.58
Dividend Per Share, 3 Yr. CAGR %	-	-	-	-	-
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	-16.46	-10.38	-2.84	-0.02	2.76
Gross Profit, 5 Yr. CAGR %	-9.77	-41.93	-9.11	-3.66	1.37
EBITDA, 5 Yr. CAGR %	0.06	-45.7	-3.25	1.41	7.62
EBITA, 5 Yr. CAGR %	25.84	3.25	-6.24	4.44	25.11
EBIT, 5 Yr. CAGR %	27.77	3.53	-6.11	4.73	26.46
Earnings From Cont. Operations, 5 Yr. CAGR %	38.99	7.45	-9.16	7.2	42.79
Net Income, 5 Yr. CAGR %	38.93	7.76	-9.06	7.24	40.8
Normalized Net Income, 5 Yr. CAGR %	27.1	5.41	-7.71	4.88	26.7
Diluted EPS Before Extra, 5 Yr. CAGR %	37.08	1.58	-16.44	-1.84	28.6
Accounts Receivable, 5 Yr. CAGR %	-6.94	-2.37	0.02	2.07	16.14
Inventory, 5 Yr. CAGR %	-8.88	-7.45	-6.49	-2.78	2.42
Net Property, Plant and Equip., 5 Yr. CAGR %	1.72	-0.15	-2.37	-2.97	-2.33
Total Assets, 5 Yr. CAGR %	7.55	6.82	5.61	5.84	7.18
Tangible Book Value, 5 Yr. CAGR %	4.81	-3.24	-1.45	-0.08	1.35
Common Equity, 5 Yr. CAGR %	4.98	-2.81	-2.7	-1.02	1.27
Cash From Operations, 5 Yr. CAGR %	0.49	-20.26	7.32	7.27	23.44
Capital Expenditures, 5 Yr. CAGR %	-11.88	-11.72	-18.85	-9.71	-7.35
Levered Free Cash Flow, 5 Yr. CAGR %	142.73	-0.14	127.01	-5.89	-21.49
Unlevered Free Cash Flow, 5 Yr. CAGR %	140.21	-4.08	249.39	-1.62	-17.89
Dividend Per Share, 5 Yr. CAGR %	-	-	-	-7.79	-