← United Airlines Holdings, Inc.

Annual Trend FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025
ASSETS
Current assets:
Cash and Cash Equivalents, at Carrying Value $2.2b $1.5b $1.7b $2.8b $11.3b $18.3b $7.2b $6.1b $8.8b $5.9b
Cash and cash equivalents $2.2b $1.5b $1.7b $2.8b $11.3b $18.3b $7.2b $6.1b $8.8b $5.9b
Prepaid Expense and Other Assets, Current $832.0m $1.1b $913.0m $814.0m $635.0m $745.0m $689.0m $609.0m $673.0m $671.0m
Prepaid expenses and other $832.0m $1.1b $913.0m $814.0m $635.0m $745.0m $689.0m $609.0m $673.0m $671.0m
Receivables, net $1.2b $1.3b $1.3b $1.4b $1.3b $1.7b $1.8b $1.9b $2.2b $2.4b
Short-term Investments $2.2b $2.3b $2.3b $2.2b $414.0m $123.0m $9.2b $8.3b $5.7b $6.3b
Assets, Current $7.3b $7.1b $7.2b $8.2b $14.8b $21.8b $20.1b $18.5b $18.9b $16.9b
Total current assets $7.3b $7.1b $7.2b $8.2b $14.8b $21.8b $20.1b $18.5b $18.9b $16.9b
Property, Plant and Equipment, Net $23.3b $26.2b $28.3b $30.2b $31.5b $32.1b $34.4b $39.8b $42.9b $46.1b
Goodwill $4.5b $4.5b $4.5b $4.5b $4.5b $4.5b $4.5b $4.5b $4.5b $4.5b
Intangible Assets, Net (Excluding Goodwill) $3.6b $3.5b $3.2b $3.0b $2.8b $2.8b $2.8b $2.7b $2.7b $2.7b
Intangible assets, net $3.6b $3.5b $3.2b $3.0b $2.8b $2.8b $2.8b $2.7b $2.7b $2.7b
Operating Lease, Right-of-Use Asset — — $5.3b $4.8b $4.5b $4.6b $3.9b $3.9b $3.8b $5.0b
Operating lease right-of-use assets — — $5.3b $4.8b $4.5b $4.6b $3.9b $3.9b $3.8b $5.0b
Other Assets, Noncurrent $9.5b $9.0b $9.3b $9.5b $8.7b $9.6b $9.0b $8.9b — —
Additional Financial Items
Non-current liabilities:
Additional capital invested $6.6b $6.1b $6.1b $6.1b $8.4b $9.2b $9.0b $9.0b $9.0b $8.9b
Advance ticket sales $3.7b $3.9b $4.4b $4.8b $4.8b $6.4b $7.6b $6.7b $7.6b $8.1b
Aircraft fuel, spare parts and supplies, net $873.0m $924.0m $985.0m $1.1b $932.0m $983.0m $1.1b $1.6b $1.6b $1.6b
Current maturities of operating leases — — $719.0m $686.0m $612.0m $556.0m $561.0m $576.0m $467.0m $631.0m
Deferred income taxes $655.0m $225.0m $814.0m $1.7b $0 $659.0m $91.0m $594.0m $1.6b $2.5b
Frequent flyer deferred revenue $2.7b $2.6b $2.7b $2.8b $5.1b $4.0b $4.0b $4.0b $4.0b $4.1b
Investments in affiliates and other, net $579.0m $852.0m $966.0m $1.2b $1.0b $1.3b — $1.6b $1.3b $1.3b
Long-term obligations under operating leases — — $5.3b $4.9b $5.0b $5.2b $4.5b $4.5b $4.5b $5.4b
Other $1.5b $1.6b $1.8b $1.0b $1.2b $1.3b $1.4b $1.4b $1.5b $1.5b
Stock held in treasury, at cost ($511.0m) ($769.0m) ($2.0b) ($3.6b) ($3.9b) ($3.8b) ($3.5b) ($3.4b) ($3.4b) ($3.8b)
Liabilities, Noncurrent — — — — — — — — $38.1b $35.0b
Total noncurrent assets — — — — — — — $52.6b $55.2b $59.6b
Total noncurrent liabilities — — — — — — — $39.6b $38.1b $35.0b
Assets $40.1b $42.3b $44.8b $52.6b $59.5b $68.2b $67.4b $71.1b $74.1b $76.4b
Total assets $40.1b $42.3b $44.8b $52.6b $59.5b $68.2b $67.4b $71.1b $74.1b $76.4b
LIABILITIES AND EQUITY
Total liabilities and stockholders' equity $40.1b $42.3b $44.8b $52.6b $59.5b $68.2b $67.4b $71.1b $74.1b $76.4b
Current liabilities:
Accounts Payable, Current $2.1b $2.2b $2.4b $2.7b $1.6b $2.6b $3.4b $3.8b $4.2b $4.6b
Accrued salaries and benefits $2.3b $2.2b $2.2b $2.3b $2.0b $2.1b $2.0b $2.9b $3.3b $3.9b
Current maturities of long-term debt, finance leases, and other financial liabilities — — — — — — — $4.2b $3.5b $4.4b
Long-term Debt, Current Maturities $849.0m $1.6b $1.2b $1.4b $1.9b $3.0b $2.9b $4.0b $3.0b $4.1b
Long-term Debt, Excluding Current Maturities $9.9b $11.7b $12.2b $13.1b $24.8b $30.4b $28.3b $25.1b $21.7b $17.2b
Operating Lease, Liability, Current — — — $686.0m $612.0m $556.0m $561.0m $576.0m $467.0m $631.0m
Operating Lease, Liability, Noncurrent — — — $4.9b $5.0b $5.2b $4.5b $4.5b $4.5b $5.4b
Liabilities, Current $12.3b $12.7b $13.2b $14.9b $12.7b $18.3b $20.0b $22.2b $23.3b $26.1b
Total current liabilities $12.3b $12.7b $13.2b $14.9b $12.7b $18.3b $20.0b $22.2b $23.3b $26.1b
Deferred Income Tax Liabilities, Net — — $814.0m $1.7b $0 — — $594.0m $1.6b $2.5b
Long-term debt, finance leases, and other financial liabilities — — — — — — — $27.4b $25.2b $20.6b
Other Liabilities, Noncurrent $8.5b $8.1b $8.2b $1.0b $1.2b $1.3b $1.4b $1.4b $1.5b $1.5b
Pension and postretirement benefit liability — — — — — — — $1.6b $1.2b $1.1b
Deferred Tax Liabilities, Net — $225.0m $814.0m $1.7b — — — $594.0m $1.6b $2.5b
Stockholders’ equity:
Accumulated Other Comprehensive Income (Loss), Net of Tax ($829.0m) ($1.1b) ($803.0m) ($718.0m) ($1.1b) ($942.0m) $175.0m ($62.0m) $188.0m $48.0m
Accumulated other comprehensive income ($829.0m) ($1.1b) ($803.0m) ($718.0m) ($1.1b) ($942.0m) $175.0m ($62.0m) $188.0m $48.0m
Additional Paid in Capital, Common Stock $6.6b $6.1b $6.1b $6.1b $8.4b $9.2b $9.0b $9.0b $9.0b $8.9b
Common Stock, Value, Issued $3.0m $3.0m $3.0m $3.0m $4.0m $4.0m $4.0m $4.0m $4.0m $4.0m
Common stock at par, $0.01 par value; authorized 1,000,000,000 shares; outstanding 323,470,682 and 327,899,771 shares at December 31, 2025 and 2024, respectively 3.0m 3.0m 3.0m 3.0m 4.0m 4.0m 4.0m 4.0m 4.0m 4.0m
Preferred Stock, Value, Issued — — $0 $0 $0 $0 $0 $0 $0 $0
Preferred stock — $0 $0 $0 $0 $0 $0 $0 $0 $0
Retained Earnings (Accumulated Deficit) $3.4b $4.6b $6.7b $9.7b $2.6b $625.0m $1.3b $3.8b $6.9b $10.1b
Treasury Stock, Common, Value $3.0m $3.0m $3.0m $3.0m $4.0m $4.0m $4.0m $3.4b $3.4b $3.8b
Stockholders' Equity Attributable to Parent $8.7b $8.8b $10.0b $11.5b $6.0b $5.0b $6.9b $9.3b $12.7b $15.3b
Total stockholders' equity $8.7b $8.8b $10.0b $11.5b $6.0b $5.0b $6.9b $9.3b $12.7b $15.3b
Liabilities and Equity $40.1b $42.3b $44.8b $52.6b $59.5b $68.2b $67.4b $71.1b $74.1b $76.4b

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.