American Airlines Group, Inc. (AAL) Financial Statements (2024 and earlier)

Company Profile

Business Address 1 SKYVIEW DRIVE
FORT WORTH, TX 76155
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 investments, including:8,96512,4006,9003,8264,7605,066
Cash and cash equivalents440273245280275295
Short-term investments8,52512,1586,6193,5464,4854,771
Other undisclosed cash, cash equivalents, and short-term investments  (31)36   
Restricted cash and investments995990609158154318
Receivables2,1381,5051,3421,7501,7061,752
Other undisclosed current assets3,1712,4412,2442,4722,0172,010
Total current assets:15,26917,33611,0958,2068,6379,146
Noncurrent Assets
Finance lease, right-of-use asset, after accumulated amortization 585548482 
Operating lease, right-of-use asset8,0947,8508,0398,737
Property, plant and equipment    34,99534,09834,156
Other noncurrent assets11,15311,74411,1758,0578,6948,094
Other undisclosed noncurrent assets29,61528,98931,217 9,151 
Total noncurrent assets:49,44749,13150,91351,78951,94342,250
TOTAL ASSETS:64,71666,46762,00859,99560,58051,396
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities6,8436,0275,3315,7415,5425,641
Employee-related liabilities1,4891,7161,5411,4271,672
Accounts payable2,1491,7721,1962,0621,7731,688
Accrued liabilities4,6942,7662,4192,1382,3422,281
Debt3,2742,4892,7972,8613,2942,554
Deferred revenue and credits6,769
Other undisclosed current liabilities11,37910,4908,4419,7099,260 
Total current liabilities:21,49619,00616,56918,31118,09614,964
Noncurrent Liabilities
Long-term debt and lease obligation, including:32,38935,57129,79621,45421,17922,511
Finance lease, liability 545563472558
Other undisclosed long-term debt and lease obligation31,84428,39822,54713,47521,17922,511
Liabilities, other than long-term debt16,63012,62015,73312,92713,5729,995
Deferred revenue5,9766,2397,1625,422
Contract with customer, liability5,272
Liability, pension and other postretirement and postemployment benefits2,8375,0537,0696,0526,9077,497
Other liabilities1,2581,3281,5021,4531,3932,498
Operating lease, liability6,5596,6106,7777,421
Other undisclosed noncurrent liabilities  6,6106,7777,4217,902 
Total noncurrent liabilities:49,01954,80152,30641,80242,65332,506
Total liabilities:70,51573,80768,87560,11360,74947,470
Equity
Equity, attributable to parent(5,799)(7,340)(6,867)(118)(169)3,926
Common stock666455
Additional paid in capital7,2917,2346,8943,9454,9645,714
Accumulated other comprehensive loss(4,585)(5,942)(7,103)(6,331)(5,274)(5,154)
Retained earnings (accumulated deficit)(8,511)(8,638)(6,664)2,2641363,361
Total equity:(5,799)(7,340)(6,867)(118)(169)3,926
TOTAL LIABILITIES AND EQUITY:64,71666,46762,00859,99560,58051,396

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
Revenues48,97129,88217,33745,76844,54142,207
Revenue, net42,207
Cost of revenue(37,925)(23,730)(20,752)(33,422)(32,589)(15,043)
Cost of goods and services sold(17,916)(10,836)(5,458)(10,907)(11,217)(9,131)
Gross profit:11,0466,152(3,415)12,34611,95227,164
Operating expenses(9,439)(7,211)(7,006)(9,281)(9,296)(23,106)
Operating income (loss):1,607(1,059)(10,421)3,0652,6564,058
Nonoperating expense(1,421)(1,489)(1,032)(809)(772)(974)
Investment income, nonoperating216184112711894
Other nonoperating income (expense)325293154159166(15)
Interest and debt expense(1,962)(1,800)(1,227)(1,095)(1,056)(1,053)
Income (loss) from continuing operations before equity method investments, income taxes:(1,776)(4,348)(12,680)1,1618282,031
Other undisclosed income from continuing operations before income taxes1,9621,8001,2271,0951,0561,053
Income (loss) from continuing operations before income taxes:186(2,548)(11,453)2,2561,8843,084
Income tax expense (benefit)(59)5552,568(570)(472)(1,165)
Income (loss) from continuing operations:127(1,993)(8,885)1,6861,4121,919
Income (loss) before gain (loss) on sale of properties:(1,993)(8,885)1,6861,4121,919
Net income (loss) available to common stockholders, basic:127(1,993)(8,885)1,6861,4121,919
Interest on convertible debt      
Net income (loss) available to common stockholders, diluted:127(1,993)(8,885)1,6861,4121,919

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):127(1,993)(8,885)1,6861,4121,919
Other comprehensive income (loss)(397)(339)22612734(71)
Comprehensive income (loss):(270)(2,332)(8,659)1,8131,4461,848
Other undisclosed comprehensive income (loss), net of tax, attributable to parent1,7541,500(998)(562)(154) 
Comprehensive income (loss), net of tax, attributable to parent:1,484(832)(9,657)1,2511,2921,848

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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