← 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 TTM
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 +27.03%
$437.0m -57.74%
$769.0m +75.97%
($1.3b) -272.17%
$478.0m +136.10%
$58.0m -87.87%
$235.0m +305.17%
$395.0m +68.09%
$100.0m -74.68%
—
Depreciation, Depletion and Amortization $363.0m $372.0m $398.0m $423.0m $420.0m $394.0m $415.0m $451.0m $583.0m $795.0m $813.0m
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 $42.0m
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 $42.0m
Impairment of Intangible Assets, Finite-lived — — — — $10 — — — — — —
Operating Lease, Impairment Loss — — — — $154.0m — — — — — —
Nonoperating Income (Expense) ($4.0m) ($53.0m) ($58.0m) ($47.0m) ($65.0m) ($56.0m) $9.0m ($71.0m) ($25.0m) ($157.0m) —
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:
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 $48.0m
Inventory Write-down — — — — $2.0m — — — — — —
Net Cash Provided by (Used in) Operating Activities $1.4b
$1.6b +14.72%
$1.2b -24.84%
$1.7b +44.10%
($234.0m) -113.59%
$1.0b +540.17%
$1.4b +37.67%
$1.1b -25.95%
$1.5b +39.43%
$1.2b -14.69%
$1.0b -18.33%
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 ($1.4b)
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 — —
Payments to Acquire Businesses, Net of Cash Acquired $2.0b $0 $0 — — — — — $659.0m $0 $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) ($1.5b)
Cash flows from financing activities:
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 ($688.0m)
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 $1.7b
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 — — — $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) -139.70%
($647.0m) -9.29%
($813.0m) -25.66%
$2.0b +343.67%
($914.0m) -146.14%
($325.0m) +64.44%
($147.0m) +54.77%
$119.0m +180.95%
($199.0m) -267.23%
$817.0m +510.55%
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 $1.1b
Additional Supplementary Disclosures
Additional Supplementary Disclosures
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 —
Additional Financial Items
Goodwill $1.9b $1.9b $1.9b $1.9b $1.9b $2.0b $2.0b $2.0b $2.7b $2.7b —
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 —
Investment Income, Interest $27.0m $34.0m $38.0m $42.0m $31.0m $25.0m $53.0m $80.0m $101.0m $94.0m —
Operating Expenses $4.6b $6.7b $7.6b $7.7b $5.3b $5.5b $9.6b $10.0b $11.2b — —
Operating Lease, Expense — — — $668.0m $602.0m $654.0m $708.0m $690.0m — — —
Proceeds from Stock Options Exercised — — — — — — — — — $23.0m —

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.