United Airlines Holdings, Inc. (UAL) Financial Statements (2024 and earlier)

Company Profile

Business Address E. ANNA HA - WHQLD
CHICAGO, IL 60606
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 4512 - Air Transportation, Scheduled (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in millions)

9/30/2023
MRQ
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments16,41418,40611,6834,9443,9503,798
Cash and cash equivalents7,16618,28311,2692,7621,6941,482
Short-term investments9,2481234142,1822,2562,316
Restricted cash and investments4537255   
Receivables1,8011,6631,2951,3641,3461,340
Other undisclosed current assets1,7981,7281,5671,8861,8981,975
Total current assets:20,05821,83414,8008,1947,1947,113
Noncurrent Assets
Operating lease, right-of-use asset3,8894,6454,5374,758
Property, plant and equipment9,8059,2639,05930,17028,32926,208
Long-term investments and receivables188171139   
Long-term investments188171139   
Restricted cash and investments 210213218   
Other noncurrent assets8,9639,6228,7459,4899,2699,005
Other undisclosed noncurrent assets24,24522,42722,050   
Total noncurrent assets:47,30046,34144,74844,41737,59835,213
TOTAL ASSETS:67,35868,17559,54852,61144,79242,326
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities5,3664,6833,5554,9744,5474,362
Employee-related liabilities2,1211,9602,2712,1842,166
Accounts payable3,3952,5621,5952,7032,3632,196
Accrued liabilities1,971     
Debt3,0153,0782,0932,1391,3791,693
Deferred revenue and credits6,6676,052
Other liabilities779560724566  
Other undisclosed current liabilities10,8329,9836,3537,259619569
Total current liabilities:19,99218,30412,72514,93813,21212,676
Noncurrent Liabilities
Long-term debt and lease obligation28,39835,73230,04618,31113,34912,699
Long-term debt, excluding current maturities28,28330,36124,83613,14512,21511,703
Capital lease obligations1,134996
Finance lease, liability115219224220
Liabilities, other than long-term debt7,2464,2044,6104,9958,2368,145
Deferred income tax liabilities   1,736
Liability, pension and other postretirement and postemployment benefits1,4182,9203,4542,235  
Other liabilities1,3691,2841,1561,0248,2368,145
Operating lease, liability4,4595,1524,9864,946
Total noncurrent liabilities:35,64439,93634,65623,30621,58520,844
Total liabilities:55,63658,24047,38138,24434,79733,520
Equity
Equity, attributable to parent6,8965,0295,96011,5319,9958,806
Common stock444333
Treasury stock, value(3,534)(3,814)(3,897)(3,599)(1,993)(769)
Additional paid in capital8,9869,1568,3666,1296,1206,098
Accumulated other comprehensive income (loss)175(942)(1,139)(718)(803)(1,147)
Retained earnings1,2656252,6269,7166,6684,621
Total equity:6,8965,0295,96011,5319,9958,806
Other undisclosed liabilities and equity4,8264,9066,2072,836  
TOTAL LIABILITIES AND EQUITY:67,35868,17559,54852,61144,79242,326

Income Statement (P&L) ($ in millions)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues44,95524,63415,35543,25941,30337,736
Revenue, net37,736
Cost of revenue(33,854)(23,438)(20,047)(28,154)(16,256)(13,645)
Cost of goods and services sold(15,941)(8,399)(5,478)(11,784)(12,099)(9,774)
Gross profit:11,1011,196(4,692)15,10525,04724,091
Operating expenses(8,764)(2,218)(1,667)(10,804)(21,755)(20,593)
Operating income (loss):2,337(1,022)(6,359)4,3013,2923,498
Nonoperating expense(1,347)(1,535)(2,463)(387)(634)(499)
Investment income, nonoperating298365013310157
Other nonoperating income (expense)840(1,327)(27)(76)3
Unusual or infrequent item, or both, net (gain) loss  4,0213,536   
Interest and debt expense(13)(16)(16)(85)(729)(643)
Other undisclosed loss from continuing operations before equity method investments, income taxes      
Income (loss) from continuing operations before equity method investments, income taxes:977(2,573)(8,838)3,8291,9292,356
Other undisclosed income from continuing operations before income taxes13161685729643
Income (loss) from continuing operations before income taxes:990(2,557)(8,822)3,9142,6582,999
Income tax expense (benefit)(253)5931,753(905)(529)(868)
Income (loss) from continuing operations:737(1,964)(7,069)3,0092,1292,131
Income (loss) before gain (loss) on sale of properties:(1,964)(7,069)3,0092,1292,131
Net income (loss):7372,057(3,533)3,0092,1292,131
Other undisclosed net loss attributable to parent  (4,021)(3,536)   
Net income (loss) available to common stockholders, diluted:737(1,964)(7,069)3,0092,1292,131

Comprehensive Income ($ in millions)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income (loss):7372,057(3,533)3,0092,1292,131
Other comprehensive income (loss)1,117197(421)85338(200)
Comprehensive income (loss):1,8542,254(3,954)3,0942,4671,931
Other undisclosed comprehensive loss, net of tax, attributable to parent  (4,021)(3,536)   
Comprehensive income (loss), net of tax, attributable to parent:1,854(1,767)(7,490)3,0942,4671,931

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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