← American Airlines Group Inc.

Annual Trend FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025
Cash flows from operating activities:
Adjustments to reconcile net income to net cash provided by operating activities:
Net Income From Continuing Operations — — — — — — $127.0m $1.2b $1.3b $111.0m
Net Income (Loss) Attributable to Parent $2.7b $1.9b $1.4b $1.7b ($8.9b) ($2.0b) $127.0m $822.0m $846.0m $111.0m
Amortization of Intangible Assets $76.0m $44.0m $41.0m $41.0m $41.0m $41.0m $41.0m $7.0m — —
Depreciation Amortization Depletion — — — — — — $2.3b $2.2b $2.2b $2.2b
Depreciation, Depletion and Amortization $1.5b $2.2b $2.4b $2.6b $2.4b $2.3b $2.3b $2.3b $2.2b $2.2b
Deferred Income Tax — — — — — — $65.0m $394.0m $426.0m $79.0m
Deferred Income Tax Expense (Benefit) $1.6b $1.1b $440.0m $560.0m ($2.6b) ($555.0m) $65.0m $299.0m $308.0m $79.0m
Deferred Tax — — — — — — $65.0m $394.0m $426.0m $79.0m
Deferred income tax provision $1.6b $1.1b $440.0m $560.0m ($2.6b) ($555.0m) $65.0m $299.0m $308.0m $79.0m
Goodwill, Impairment Loss — — $0 $0 — $0 $0 $0 $0 $0
Impairment of Intangible Assets (Excluding Goodwill) — — $26.0m $0 — — — — — —
Impairment of Intangible Assets, Indefinite-lived (Excluding Goodwill) $0 $0 — $0 — $0 $0 $0 $0 $0
Operating Lease, Impairment Loss — — — — $109.0m — — — — —
Payment, Tax Withholding, Share-based Payment Arrangement $56.0m $51.0m $37.0m $25.0m $15.0m $18.0m $21.0m $23.0m $27.0m $28.0m
Share-based Payment Arrangement, Expense $102.0m $90.0m $88.0m $95.0m $91.0m $98.0m $78.0m $102.0m $130.0m $112.0m
Share-based Payment Arrangement, Noncash Expense $100.0m $90.0m $86.0m $94.0m $91.0m $98.0m $78.0m $102.0m $92.0m $57.0m
Share-based compensation, non-cash $100.0m $90.0m $86.0m $94.0m $91.0m $98.0m $78.0m $102.0m $92.0m $57.0m
Gain (Loss) on Extinguishment of Debt — — — — — — — ($267.0m) ($9.0m) ($20.0m)
Income Tax Expense (Benefit) $1.6b $1.2b $472.0m $570.0m ($2.6b) ($555.0m) $59.0m $299.0m $308.0m $79.0m
Interest Expense Nonoperating — — — — — — — — $1.9b $1.7b
Other Nonoperating Income (Expense) ($57.0m) ($15.0m) $166.0m $159.0m $154.0m $293.0m $325.0m ($359.0m) $6.0m $82.0m
Changes in operating assets and liabilities:
Additional Financial Items
Beginning Cash Position — — — — — — $408.0m $575.0m $670.0m $902.0m
Cash Flow From Continuing Financing Activities — — — — — — ($2.6b) ($3.2b) ($2.3b) ($1.1b)
Cash Flow From Continuing Investing Activities — — — — — — $636.0m ($449.0m) ($909.0m) ($1.9b)
Change In Account Payable — — — — — — $360.0m $147.0m $284.0m $335.0m
Change In Other Current Assets — — — — — — ($775.0m) ($2.0m) ($287.0m) ($218.0m)
Change In Other Current Liabilities — — — — — — $865.0m ($127.0m) $405.0m $421.0m
Change In Other Working Capital — — — — — — $10.0m $111.0m $432.0m $510.0m
Change In Payable — — — — — — $360.0m $147.0m $284.0m $335.0m
Change In Payables And Accrued Expense — — — — — — $360.0m $147.0m $284.0m $335.0m
Change In Receivables — — — — — — ($637.0m) ($378.0m) ($1.1b) ($74.0m)
Change In Working Capital — — — — — — ($177.0m) ($249.0m) ($232.0m) $974.0m
Changes In Account Receivables — — — — — — ($637.0m) $104.0m $33.0m ($74.0m)
Changes In Cash — — — — — — $178.0m $95.0m $223.0m $154.0m
Contributions to pension plans ($32.0m) ($286.0m) ($475.0m) ($1.2b) ($9.0m) ($247.0m) ($5.0m) ($73.0m) ($300.0m) ($228.0m)
Debt extinguishment costs — — — — — $31.0m $3.0m $267.0m $9.0m $20.0m
Decrease (increase) in accounts receivable ($160.0m) ($190.0m) $222.0m $73.0m $538.0m ($304.0m) ($637.0m) $95.0m $35.0m ($74.0m)
Decrease in restricted short-term investments $53.0m $309.0m $72.0m ($3.0m) ($308.0m) ($401.0m) $1.0m $51.0m $177.0m $3.0m
End Cash Position — — — — — — $586.0m $670.0m $893.0m $1.1b
Equity Securities, FV-NI, Unrealized Gain (Loss) — — — $5.0m ($135.0m) ($31.0m) ($71.0m) ($82.0m) ($8.0m) $40.0m
Financing Cash Flow — — — — — — ($2.6b) ($3.2b) ($2.3b) ($1.1b)
Foreign Currency Transaction Gain (Loss), Realized $1.0m ($4.0m) ($55.0m) ($32.0m) ($24.0m) ($4.0m) ($38.0m) ($30.0m) ($48.0m) ($15.0m)
Free Cash Flow — — — — — — ($373.0m) $1.2b $785.0m ($680.0m)
Gain (Loss) Related to Litigation Settlement — — — $53.0m — — — — — —
Gain Loss On Sale Of PPE — — — — — ($22.0m) $0 — — —
Goodwill $4.1b $4.1b $4.1b $4.1b $4.1b $4.1b $4.1b $4.1b $4.1b $4.1b
Increase (Decrease) in Accounts Payable ($160.0m) ($190.0m) $222.0m $73.0m $538.0m ($304.0m) ($637.0m) $95.0m $257.0m $335.0m
Increase (Decrease) in Accounts Receivable $160.0m $190.0m ($222.0m) ($73.0m) ($538.0m) $304.0m $637.0m ($95.0m) ($35.0m) $74.0m
Increase (decrease) in air traffic liability/loyalty program liability $575.0m ($243.0m) $14.0m $545.0m $529.0m $1.4b $668.0m ($363.0m) $1.3b $909.0m
Increase (decrease) in other liabilities ($105.0m) $132.0m $210.0m ($209.0m) $823.0m $139.0m ($18.0m) ($285.0m) ($149.0m) $22.0m
Increase in accounts payable — — — — — — $360.0m $209.0m $257.0m $335.0m
Increase in other assets ($184.0m) ($433.0m) ($390.0m) ($373.0m) ($38.0m) ($402.0m) ($775.0m) ($11.0m) ($314.0m) ($218.0m)
Investing Cash Flow — — — — — — $636.0m ($449.0m) ($909.0m) ($1.9b)
Investment Income, Interest $63.0m $94.0m $118.0m $127.0m $41.0m $18.0m $216.0m $591.0m $468.0m $357.0m
Issuance Of Capital Stock — — — — — $460.0m $0 $0 — —
Net Business Purchase And Sale — — — — — ($28.0m) ($321.0m) $0 $0 —
Net PPE Purchase And Sale — — — — — — $147.0m $230.0m $654.0m $344.0m
Net proceeds from fuel financing — — — — — — — $0 $74.0m $840.0m
Nonoperating Income (Expense) ($985.0m) ($974.0m) ($772.0m) ($809.0m) ($1.0b) ($1.5b) ($1.4b) ($1.9b) ($1.5b) ($1.3b)
Operating Gains Losses — — — — — — ($402.0m) $253.0m ($73.0m) ($11.0m)
Other Non Cash Items — — — — — — $184.0m ($175.0m) ($261.0m) ($330.0m)
Other, net ($18.0m) ($39.0m) ($64.0m) ($62.0m) $47.0m $38.0m ($37.0m) ($205.0m) ($249.0m) ($85.0m)
Pension And Employee Benefit Expense — — — — — — ($405.0m) ($14.0m) ($82.0m) ($31.0m)
Pension and postretirement ($68.0m) ($132.0m) ($300.0m) ($178.0m) ($319.0m) ($321.0m) ($405.0m) ($13.0m) ($82.0m) ($31.0m)
Proceeds from sale-leaseback transactions and sale of property and equipment $123.0m $947.0m $1.2b $54.0m $351.0m $181.0m $61.0m $230.0m $654.0m $344.0m
Purchase Of Business — — — — — ($28.0m) ($321.0m) $0 $0 —
Purchase Of PPE $5.7b $6.0b $3.7b $4.3b $2.0b ($204.0m) ($360.0m) $2.6b $2.7b $3.8b
Repurchase Of Capital Stock — — — — — ($18.0m) ($21.0m) — — —
Sale Of PPE — — — — — — $147.0m $230.0m $654.0m $344.0m
Special items, net non-cash $270.0m $272.0m $458.0m $376.0m $1.6b $83.0m $229.0m $41.0m ($1.0m) ($17.0m)
Stock Based Compensation — — — — — — $78.0m $97.0m $89.0m $57.0m
Net Cash Provided by (Used in) Operating Activities $6.5b $4.7b $3.5b $3.8b ($6.5b) $704.0m $2.2b $3.8b $4.0b $3.1b
Cash flows from investing activities:
Capital Expenditure — — — — — — ($2.5b) ($2.5b) ($2.6b) ($3.8b)
Capital Expenditure Reported — — — — — — ($2.5b) ($2.5b) ($2.6b) ($3.8b)
Capital expenditures and aircraft purchase deposits ($5.7b) ($6.0b) ($3.7b) ($4.3b) ($2.0b) ($208.0m) ($2.5b) ($2.6b) ($2.7b) ($3.8b)
Net Investment Purchase And Sale — — — — — — $3.7b $1.6b $996.0m $1.3b
Purchase Of Investment — — — — — — ($11.3b) ($7.3b) ($7.2b) ($4.9b)
Purchases of short-term investments ($6.2b) ($4.6b) ($3.4b) ($3.2b) ($5.9b) ($19.5b) ($11.3b) ($7.3b) ($7.2b) ($4.9b)
Sale Of Investment — — — — — — $15.0b $8.9b $8.2b $6.2b
Sales of short-term investments $6.1b $5.9b $3.7b $4.1b $2.8b $13.9b $15.0b $8.9b $8.0b $6.2b
Net Other Investing Changes — — — — — — ($359.0m) $275.0m $65.0m $257.0m
Other investing activities $2.0m $0 ($7.0m) ($86.0m) ($153.0m) $10.0m $0 $275.0m $65.0m $254.0m
Payments for (Proceeds from) Other Investing Activities ($2.0m) — $7.0m $86.0m $153.0m ($10.0m) $0 ($275.0m) ($65.0m) ($254.0m)
Net Cash Provided by (Used in) Investing Activities ($5.7b) ($3.6b) ($2.0b) ($2.2b) ($4.3b) ($6.0b) $636.0m ($502.0m) ($968.0m) ($1.9b)
Cash flows from financing activities:
Issuance Of Debt — — — — — — $1.1b $4.8b $1.7b $4.6b
Long Term Debt Issuance — — — — — — $1.1b $4.8b $1.7b $3.8b
Net Issuance Payments Of Debt — — — — — — ($2.7b) ($2.9b) ($2.2b) ($891.0m)
Net Long Term Debt Issuance — — — — — — ($2.7b) ($2.9b) ($2.3b) ($1.7b)
Net Short Term Debt Issuance — — — — — — — $0 $74.0m $840.0m
Proceeds from Issuance of Long-term Debt $7.7b $3.1b $2.4b $4.0b $11.8b $12.2b $1.1b $4.8b $1.7b $3.8b
Short Term Debt Issuance — — — — — — — $0 $74.0m $840.0m
Long Term Debt Payments — — — — — — ($3.8b) ($7.7b) ($4.0b) ($5.5b)
Payments on long-term debt and finance leases ($3.8b) ($2.3b) ($2.9b) ($4.2b) ($3.5b) ($7.3b) ($3.8b) ($7.7b) ($4.5b) ($5.5b)
Repayment Of Debt — — — — — — ($3.8b) ($7.7b) ($4.0b) ($5.5b)
Common Stock Issuance — — — — — $460.0m $0 $0 — —
Net Common Stock Issuance — — — — — $460.0m ($21.0m) $0 — —
Common Stock Payments — — — — — ($18.0m) ($21.0m) — — —
Payments for Repurchase of Common Stock $4.5b $1.6b $837.0m $1.1b $173.0m $18.0m $21.0m — — —
Cash Dividends Paid — — — — — $0 $0 — — —
Common Stock Dividend Paid — — — — — $0 $0 — — —
Dividends paid $224.0m $198.0m $186.0m $178.0m $43.0m — — — — —
Net Other Financing Charges — — — — — — $52.0m ($287.0m) ($48.0m) ($160.0m)
Other financing activities $28.0m $27.0m ($3.0m) ($2.0m) $88.0m $208.0m $77.0m ($310.0m) $3.0m ($160.0m)
Proceeds from (Payments for) Other Financing Activities $28.0m $27.0m ($3.0m) ($2.0m) $88.0m $208.0m $77.0m ($310.0m) $3.0m ($160.0m)
Net Cash Provided by (Used in) Financing Activities ($894.0m) ($1.1b) ($1.7b) ($1.6b) $11.0b $5.3b ($2.6b) ($3.2b) ($2.8b) ($1.1b)
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect — ($37.0m) ($112.0m) $4.0m $109.0m $9.0m $178.0m $95.0m $221.0m $154.0m
Net increase in cash and restricted cash — ($37.0m) ($112.0m) $4.0m $109.0m $9.0m $178.0m $95.0m $221.0m $154.0m
Cash and restricted cash at beginning of year $435.0m $398.0m $286.0m $290.0m $399.0m $408.0m $586.0m $681.0m $902.0m $1.1b
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents — — $286.0m $290.0m $399.0m $408.0m $586.0m $681.0m $902.0m $1.1b
Cash, Cash Equivalents, and Short-term Investments — — — — $6.9b $12.4b — — — —
Restricted Cash and Investments, Current $638.0m $318.0m $154.0m $158.0m $609.0m $990.0m $995.0m $910.0m $732.0m $735.0m
Supplemental disclosure of cash flow information:
Change In Cash Supplemental As Reported — — — — — — $178.0m $95.0m $223.0m $154.0m
Income Tax Paid Supplemental Data — — — — — — $2.0m $6.0m $8.0m —
Interest Paid, Excluding Capitalized Interest, Operating Activities $964.0m $1.0b $1.1b $1.1b $944.0m $1.6b $1.9b $2.2b $1.9b $1.7b

Data sourced from SEC EDGAR 10-K filings via EdgarTools. Amounts are shown in USD as reported in each fiscal year filing.

Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.