← 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 TTM
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 $564.0m
Net Income (Loss) Attributable to Parent $2.7b
$1.9b -28.29%
$1.4b -26.42%
$1.7b +19.41%
($8.9b) -626.99%
($2.0b) +77.57%
$127.0m +106.37%
$822.0m +547.24%
$846.0m +2.92%
$111.0m -86.88%
—
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 $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 $2.2b
Deferred Income Tax — — — — — — $65.0m $394.0m $426.0m $79.0m $197.0m
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 $197.0m
Deferred Tax — — — — — — $65.0m $394.0m $426.0m $79.0m $197.0m
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 $55.0m
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 $55.0m
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 $55.0m
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 — — — — — —
Nonoperating Income (Expense) ($985.0m) ($974.0m) ($772.0m) ($809.0m) ($1.0b) ($1.5b) ($1.4b) ($1.9b) ($1.5b) ($1.3b) —
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:
Change In Working Capital — — — — — — ($177.0m) ($249.0m) ($232.0m) $974.0m ($944.0m)
Change In Receivables — — — — — — ($637.0m) ($378.0m) ($1.1b) ($74.0m) ($1.8b)
Changes In Account Receivables — — — — — — ($637.0m) $104.0m $33.0m ($74.0m) ($1.8b)
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) —
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 ($1.8b)
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 $274.0m
Increase in accounts payable — — — — — — $360.0m $209.0m $257.0m $335.0m —
Change In Other Current Assets — — — — — — ($775.0m) ($2.0m) ($287.0m) ($218.0m) ($144.0m)
Change In Other Current Liabilities — — — — — — $865.0m ($127.0m) $405.0m $421.0m $411.0m
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 other assets ($184.0m) ($433.0m) ($390.0m) ($373.0m) ($38.0m) ($402.0m) ($775.0m) ($11.0m) ($314.0m) ($218.0m) —
Net Cash Provided by (Used in) Operating Activities $6.5b
$4.7b -27.28%
$3.5b -25.53%
$3.8b +7.98%
($6.5b) -271.51%
$704.0m +110.76%
$2.2b +208.66%
$3.8b +75.01%
$4.0b +4.73%
$3.1b -22.19%
$1.9b -37.72%
Cash flows from investing activities:
Capital Expenditure — — — — — — ($2.5b) ($2.5b) ($2.6b) ($3.8b) ($4.1b)
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) ($4.1b)
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 —
Cash, Cash Equivalents, and Short-term Investments — — — — $6.9b $12.4b — — — — —
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 —
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) —
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 —
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 $42.0m
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) ($2.9b)
Cash flows from financing activities:
Debt extinguishment costs — — — — — $31.0m $3.0m $267.0m $9.0m $20.0m —
Gain (Loss) on Extinguishment of Debt — — — — — — — ($267.0m) ($9.0m) ($20.0m) —
Issuance Of Debt — — — — — — $1.1b $4.8b $1.7b $4.6b $6.6b
Long Term Debt Issuance — — — — — — $1.1b $4.8b $1.7b $3.8b $6.6b
Long Term Debt Payments — — — — — — ($3.8b) ($7.7b) ($4.0b) ($5.5b) ($7.8b)
Net Issuance Payments Of Debt — — — — — — ($2.7b) ($2.9b) ($2.2b) ($891.0m) ($1.2b)
Net Long Term Debt Issuance — — — — — — ($2.7b) ($2.9b) ($2.3b) ($1.7b) ($1.2b)
Net Short Term Debt Issuance — — — — — — — $0 $74.0m $840.0m $0
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) —
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 $6.6b
Repayment Of Debt — — — — — — ($3.8b) ($7.7b) ($4.0b) ($5.5b) ($7.8b)
Common Stock Dividend Paid — — — — — $0 $0 — — — $0
Common Stock Issuance — — — — — $460.0m $0 $0 — — —
Common Stock Payments — — — — — ($18.0m) ($21.0m) — — — ($21.0m)
Issuance Of Capital Stock — — — — — $460.0m $0 $0 — — —
Net Common Stock Issuance — — — — — $460.0m ($21.0m) $0 — — —
Payments for Repurchase of Common Stock $4.5b $1.6b $837.0m $1.1b $173.0m $18.0m $21.0m — — — —
Repurchase Of Capital Stock — — — — — ($18.0m) ($21.0m) — — — ($21.0m)
Cash Dividends Paid — — — — — $0 $0 — — — $0
Dividends paid $224.0m $198.0m $186.0m $178.0m $43.0m — — — — — $0
Net Other Financing Charges — — — — — — $52.0m ($287.0m) ($48.0m) ($160.0m) ($146.0m)
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) -28.08%
($1.7b) -46.03%
($1.6b) +6.22%
$11.0b +801.15%
$5.3b -51.90%
($2.6b) -149.75%
($3.2b) -21.85%
($2.8b) +12.85%
($1.1b) +62.38%
($1.3b) -24.07%
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 $1.1b
Beginning Cash Position — — — — — — $408.0m $575.0m $670.0m $902.0m $931.0m
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 $1.1b
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 —
Additional Supplementary Disclosures
Additional Supplementary Disclosures
Additional Financial Items
Cash Flow From Continuing Financing Activities — — — — — — ($2.6b) ($3.2b) ($2.3b) ($1.1b) ($1.3b)
Cash Flow From Continuing Investing Activities — — — — — — $636.0m ($449.0m) ($909.0m) ($1.9b) ($2.9b)
Change In Account Payable — — — — — — $360.0m $147.0m $284.0m $335.0m $274.0m
Change In Cash Supplemental As Reported — — — — — — $178.0m $95.0m $223.0m $154.0m —
Change In Other Working Capital — — — — — — $10.0m $111.0m $432.0m $510.0m $285.0m
Change In Payable — — — — — — $360.0m $147.0m $284.0m $335.0m $274.0m
Changes In Cash — — — — — — $178.0m $95.0m $223.0m $154.0m $215.0m
Contributions to pension plans ($32.0m) ($286.0m) ($475.0m) ($1.2b) ($9.0m) ($247.0m) ($5.0m) ($73.0m) ($300.0m) ($228.0m) —
End Cash Position — — — — — — $586.0m $670.0m $893.0m $1.1b $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) -20.18%
($2.3b) +27.99%
($1.1b) +53.84%
($1.3b) -24.07%
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) $285.0m
Gain (Loss) Related to Litigation Settlement — — — $53.0m — — — — — — —
Gain Loss On Sale Of PPE — — — — — ($22.0m) $0 — — — $0
Goodwill $4.1b $4.1b $4.1b $4.1b $4.1b $4.1b $4.1b $4.1b $4.1b $4.1b —
Income Tax Expense (Benefit) $1.6b $1.2b $472.0m $570.0m ($2.6b) ($555.0m) $59.0m $299.0m $308.0m $79.0m —
Income Tax Paid Supplemental Data — — — — — — $2.0m $6.0m $8.0m — $12.0m
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 —
Interest Expense Nonoperating — — — — — — — — $1.9b $1.7b —
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 —
Investing Cash Flow — — — — — — $636.0m ($449.0m) ($909.0m) ($1.9b) ($2.9b)
Investment Income, Interest $63.0m $94.0m $118.0m $127.0m $41.0m $18.0m $216.0m $591.0m $468.0m $357.0m —
Net Business Purchase And Sale — — — — — ($28.0m) ($321.0m) $0 $0 — $0
Net Investment Purchase And Sale — — — — — — $3.7b $1.6b $996.0m $1.3b $988.0m
Net PPE Purchase And Sale — — — — — — $147.0m $230.0m $654.0m $344.0m $204.0m
Net proceeds from fuel financing — — — — — — — $0 $74.0m $840.0m —
Operating Gains Losses — — — — — — ($402.0m) $253.0m ($73.0m) ($11.0m) ($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) ($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) —
Purchase Of Business — — — — — ($28.0m) ($321.0m) $0 $0 — $0
Purchase Of Investment — — — — — — ($11.3b) ($7.3b) ($7.2b) ($4.9b) ($3.9b)
Purchase Of PPE $5.7b $6.0b $3.7b $4.3b $2.0b ($204.0m) ($360.0m) $2.6b $2.7b $3.8b ($4.1b)
Sale Of Investment — — — — — — $15.0b $8.9b $8.2b $6.2b $4.9b
Sale Of PPE — — — — — — $147.0m $230.0m $654.0m $344.0m $204.0m
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 $55.0m
Supplemental disclosure of cash flow information:

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.