Alaska Air Group, Inc. (ALK) financial statements (2023 and earlier)

Company profile

Business Address 19300 INTERNATIONAL BOULEVARD
SEATTLE, WA 98188
State of Incorp. DE
Fiscal Year End December 31
SIC 4512 - Air Transportation, Scheduled (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments, including:3,1163,3461,5211,2361,6211,5801,328
Cash and cash equivalents4701,37022110519432873
Short-term investments2,646   1,4271,2521,255
Other undisclosed cash, cash equivalents, and short-term investments 1,9761,3001,131   
Restricted cash and investments2416119   
Receivables546480323366341302212
Inventory, net of allowances, customer advances and progress billings62577260574751
Inventory62577260574751
Other undisclosed current assets17210711011612712172
Total current assets:3,9204,0062,0371,7872,1462,0501,663
Noncurrent Assets
Operating lease, right-of-use asset1,4531,4001,711
Property, plant and equipment6,1386,2116,9026,7816,2845,6664,802
Intangible assets, net (including goodwill)2,0442,0502,0652,0702,0762,077 
Goodwill2,0441,9431,9431,9431,9431,934 
Intangible assets, net (excluding goodwill) 107122127133143 
Other noncurrent assets39637927827423416968
Total noncurrent assets:10,03110,04010,9569,1258,5947,9124,870
TOTAL ASSETS:13,95114,04612,99310,91210,7409,9626,533
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities1,2821,0591,0479631,4561,3671,022
Accounts payable2001081461321209263
Accrued liabilities625424431416918878661
Employee-related liabilities457527470415418397298
Deferred revenue  750
Debt3661,138235486307319115
Deferred revenue and credits937849669
Other undisclosed current liabilities2,3432,0961,1691,493   
Total current liabilities:3,9914,2933,2012,9422,7002,5351,806
Noncurrent Liabilities
Long-term debt and lease obligation3,4523,6251,2641,6172,2622,645571
Long-term debt, excluding current maturities2,1732,3571,2641,6172,2622,645571
Operating lease, liability1,2791,268 
Liabilities, other than long-term debt, including:3,9864,4084,1972,6022,0571,8511,745
Deferred revenue1,4461,5441,240
Deferred tax liabilities, net512454463682
Deferred income tax liabilities578407 
Liability, pension and other postretirement and postemployment benefits305665571503453331270
Other liabilities378524232418451417362
Other undisclosed liabilities, other than long-term debt1,2791,2682,1541,169699640431
Total noncurrent liabilities:7,4388,0335,4614,2194,3194,4962,316
Total liabilities:11,42912,3268,6627,1617,0197,0314,122
Stockholders' equity
Stockholders' equity attributable to parent3,8012,9884,3313,7513,7212,9312,411
Common stock1111111
Treasury stock, value(674)(674)(643)(568)(518)(443)(250)
Additional paid in capital49439130523216411073
Accumulated other comprehensive loss(262)(494)(465)(448)(380)(305)(303)
Retained earnings4,2423,7645,1334,5344,4543,5682,890
Total stockholders' equity:3,8012,9884,3313,7513,7212,9312,411
Other undisclosed liabilities and equity(1,279)(1,268)     
TOTAL LIABILITIES AND EQUITY:13,95114,04612,99310,91210,7409,9626,533

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues6,1763,5668,7818,2647,9335,9315,598
Revenue, net7,9335,9315,598
Cost of revenue
(Cost of Goods and Services Sold)
    (274)(114)(954)
Gross profit:6,1763,5668,7818,2647,6595,8174,644
Operating expenses(5,491)(5,341)(7,718)(7,621)(6,673)(4,582)(4,300)
Operating income (loss):685(1,775)1,0636439861,235344
Nonoperating income (expense)(56)(65)(47)(58)(53)(4)14
Investment income, nonoperating25314238342721
Other nonoperating income (expense)3617(26)(23)(1)(1)1
Interest and debt expense(128)(98)(78)(91)(103)(55)(42)
Other undisclosed income from continuing operations before equity method investments, income taxes 987891377169996
Income (loss) from continuing operations before equity method investments, income taxes:501(1,840)1,0165851,2071,3451,312
Other undisclosed income from continuing operations before income taxes128      
Income (loss) from continuing operations before income taxes:629(1,840)1,0165851,2071,3451,312
Income tax expense (benefit)(151)516(247)(148)(173)(531)(464)
Net income (loss) available to common stockholders, diluted:478(1,324)7694371,034814848

Comprehensive Income ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income (loss):478(1,324)7694371,034814848
Other comprehensive income (loss)232(29)(17)(6)(75)(2)7
Comprehensive income (loss), net of tax, attributable to parent:710(1,353)752431959812855

Statements sources

The financial statements are based on the company's filings with the 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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