← ALASKA AIR 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 (Loss) Attributable to Parent | $814.0m | $1.0b | $437.0m | $769.0m | ($1.3b) | $478.0m | $58.0m | $235.0m | $395.0m | $100.0m | |
| Depreciation, Depletion and Amortization | $363.0m | $372.0m | $398.0m | $423.0m | $420.0m | $394.0m | $415.0m | $451.0m | $583.0m | $795.0m | |
| Amortization of Intangible Assets | — | — | — | — | — | — | — | — | $16.0m | $58.0m | |
| Capitalized Computer Software, Amortization | — | — | — | — | — | — | — | — | $47.0m | $79.0m | |
| Deferred Income Tax Expense (Benefit) | $91.0m | $11.0m | $144.0m | $208.0m | ($293.0m) | $95.0m | $35.0m | $95.0m | $129.0m | $48.0m | |
| Share-based Payment Arrangement, Noncash Expense | $26.0m | $55.0m | $47.0m | $29.0m | $24.0m | $51.0m | $42.0m | $85.0m | $63.0m | $10.0m | |
| Share-based Payment Arrangement, Expense | $19.0m | $34.0m | $36.0m | $36.0m | $34.0m | $44.0m | $35.0m | $59.0m | $52.0m | $69.0m | |
| Impairment of Intangible Assets, Finite-lived | — | — | — | — | $10 | — | — | — | — | — | |
| Operating Lease, Impairment Loss | — | — | — | — | $154.0m | — | — | — | — | — | |
| Income Tax Expense (Benefit) | $531.0m | $173.0m | $148.0m | $247.0m | ($516.0m) | $151.0m | $21.0m | $88.0m | $150.0m | $46.0m | |
| Interest Expense Nonoperating | — | — | — | — | — | — | — | — | $171.0m | $272.0m | |
| Operating Lease, Expense | — | — | — | $668.0m | $602.0m | $654.0m | $708.0m | $690.0m | — | — | |
| Other Nonoperating Income (Expense) | ($1.0m) | ($1.0m) | ($23.0m) | ($26.0m) | $17.0m | $36.0m | $50.0m | ($39.0m) | $0 | ($16.0m) | |
| Changes in operating assets and liabilities: | |||||||||||
| Additional Financial Items | |||||||||||
| Increase (Decrease) in Accounts Receivable | $46.0m | $39.0m | $25.0m | ($43.0m) | $160.0m | $66.0m | $45.0m | $19.0m | $128.0m | $4.0m | |
| Goodwill | $1.9b | $1.9b | $1.9b | $1.9b | $1.9b | $2.0b | $2.0b | $2.0b | $2.7b | $2.7b | |
| Inventory Write-down | — | — | — | — | $2.0m | — | — | — | — | — | |
| Investment Income, Interest | $27.0m | $34.0m | $38.0m | $42.0m | $31.0m | $25.0m | $53.0m | $80.0m | $101.0m | $94.0m | |
| Nonoperating Income (Expense) | ($4.0m) | ($53.0m) | ($58.0m) | ($47.0m) | ($65.0m) | ($56.0m) | $9.0m | ($71.0m) | ($25.0m) | ($157.0m) | |
| Operating Expenses | $4.6b | $6.7b | $7.6b | $7.7b | $5.3b | $5.5b | $9.6b | $10.0b | $11.2b | — | |
| Proceeds from Stock Options Exercised | — | — | — | — | — | — | — | — | — | $23.0m | |
| Net Cash Provided by (Used in) Operating Activities | $1.4b | $1.6b | $1.2b | $1.7b | ($234.0m) | $1.0b | $1.4b | $1.1b | $1.5b | $1.2b | |
| Cash flows from investing activities: | |||||||||||
| Payments to Acquire Property, Plant, and Equipment | $678.0m | $1.0b | $960.0m | $696.0m | $206.0m | $292.0m | $1.7b | $1.5b | $68.0m | $69.0m | |
| Payments to Acquire Businesses, Net of Cash Acquired | $2.0b | $0 | $0 | — | — | — | — | — | $659.0m | $0 | |
| Payments for (Proceeds from) Other Investing Activities | ($5.0m) | ($75.0m) | ($47.0m) | ($41.0m) | $22.0m | $12.0m | $6.0m | $118.0m | ($215.0m) | ($155.0m) | |
| Net Cash Provided by (Used in) Investing Activities | ($2.6b) | ($1.1b) | ($631.0m) | ($791.0m) | ($593.0m) | ($1.0b) | ($1.2b) | ($964.0m) | ($634.0m) | ($1.6b) | |
| Cash flows from financing activities: | |||||||||||
| Proceeds from Issuance of Long-term Debt | $2.0b | $0 | $339.0m | $450.0m | $2.6b | $363.0m | $0 | $595.0m | $2.3b | $808.0m | |
| Repayments of Long-term Debt | $249.0m | $397.0m | $807.0m | $1.1b | $565.0m | $1.3b | $385.0m | $282.0m | $1.9b | $519.0m | |
| Payments for Repurchase of Common Stock | $193.0m | $75.0m | $50.0m | $75.0m | $31.0m | $0 | $0 | $137.0m | $312.0m | $570.0m | |
| Dividends paid | $136.0m | $148.0m | $158.0m | $173.0m | $45.0m | $0 | $0 | — | — | — | |
| Proceeds from (Payments for) Other Financing Activities | $25.0m | $28.0m | $29.0m | $43.0m | $58.0m | $57.0m | $60.0m | ($139.0m) | $36.0m | $82.0m | |
| Net Cash Provided by (Used in) Financing Activities | $1.5b | ($592.0m) | ($647.0m) | ($813.0m) | $2.0b | ($914.0m) | ($325.0m) | ($147.0m) | $119.0m | ($199.0m) | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | $328.0m | $197.0m | $114.0m | $232.0m | $1.4b | $494.0m | $369.0m | $308.0m | $1.3b | $684.0m | |
| Cash, Cash Equivalents, and Short-term Investments | $1.6b | $1.6b | $1.2b | $1.5b | $3.3b | $3.1b | $2.4b | $1.8b | $2.5b | — | |
| Restricted Cash and Investments, Current | — | — | $9.0m | $11.0m | $16.0m | $24.0m | $31.0m | $27.0m | $27.0m | — | |
| Supplemental disclosure of cash flow information: | |||||||||||
| Interest Paid, Excluding Capitalized Interest, Operating Activities | $24.0m | $84.0m | $72.0m | $60.0m | $50.0m | $109.0m | $71.0m | $105.0m | $148.0m | $223.0m | |
| Income Taxes Paid, Net | $459.0m | $177.0m | $0 | $31.0m | $0 | $48.0m | $0 | $15.0m | $22.0m | $3.0m |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.