Cash flow Alaska Air Group, Inc.

Equities

ALK

US0116591092

Airlines

Market Closed - Nyse Other stock markets 04:00:03 2025-06-20 pm EDT			5-day change	1st Jan Change
46.98 ^USD	+0.23%		-1.01%	-27.44%

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Published financial data: ALASKA AIR GROUP, INC.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2020	2021	2022	2023	2024
Revenues	3.57B	6.18B	9.65B	10.43B	11.74B
Other Revenues, Total	-	-	-	-	-
Total Revenues	3.57B	6.18B	9.65B	10.43B	11.74B
Cost of Goods Sold, Total	4.25B	5.24B	7.29B	7.96B	8.87B
Gross Profit	-680M	939M	2.36B	2.46B	2.86B
Selling General & Admin Expenses, Total	101M	173M	295M	303M	349M
Depreciation & Amortization - (IS)	420M	394M	415M	451M	583M
Other Operating Expenses	510M	629M	1.29B	891M	1.04B
Other Operating Expenses, Total	1.03B	1.2B	2B	1.64B	1.97B
Operating Income	-1.71B	-257M	356M	818M	889M
Interest Expense, Total	-87M	-117M	-94M	-94M	-142M
Interest And Investment Income	31M	25M	53M	80M	101M
Net Interest Expenses	-56M	-92M	-41M	-14M	-41M
Other Non Operating Income (Expenses)	2M	-	-6M	-22M	-2M
EBT, Excl. Unusual Items	-1.76B	-349M	309M	782M	846M
Restructuring Charges	-220M	10M	-	-	-
Merger & Related Restructuring Charges	-6M	-	-	-	-208M
Gain (Loss) On Sale Of Investments	14M	6M	-	-	-
Asset Writedown	-627M	-	-70M	-278M	-11M
Legal Settlements	-	-	-	-	-53M
Other Unusual Items	764M	962M	-160M	-181M	-29M
EBT, Incl. Unusual Items	-1.84B	629M	79M	323M	545M
Income Tax Expense	-516M	151M	21M	88M	150M
Earnings From Continuing Operations	-1.32B	478M	58M	235M	395M
Net Income to Company	-1.32B	478M	58M	235M	395M
Net Income - (IS)	-1.32B	478M	58M	235M	395M
Net Income to Common Incl Extra Items	-1.32B	478M	58M	235M	395M
Net Income to Common Excl. Extra Items	-1.32B	478M	58M	235M	395M
Per Share Items
Net EPS - Basic	-10.72	3.82	0.46	1.84	3.13
Basic EPS - Continuing Operations	-10.72	3.82	0.46	1.84	3.13
Basic Weighted Average Shares Outstanding	123M	125M	127M	127M	126M
Net EPS - Diluted	-10.72	3.77	0.45	1.83	3.08
Diluted EPS - Continuing Operations	-10.72	3.77	0.45	1.83	3.08
Diluted Weighted Average Shares Outstanding	123M	127M	128M	129M	128M
Normalized Basic EPS	-8.94	-1.74	1.52	3.84	4.19
Normalized Diluted EPS	-8.94	-1.72	1.51	3.8	4.12
Dividend Per Share	0.38	-	-	-	-
Payout Ratio	-3.4	-	-	-	-
American Depositary Receipts Ratio (ADR)	1	1	1	1	1
Supplemental Items
EBITDA	-1.29B	137M	771M	1.27B	1.42B
EBITA	-1.71B	-257M	356M	818M	905M
EBIT	-1.71B	-257M	356M	818M	889M
EBITDAR	-685M	791M	1.48B	1.96B	2.2B
Total Revenues (As Reported)	3.57B	6.18B	9.65B	10.43B	11.74B
Effective Tax Rate - (Ratio)	28.04	24.01	26.58	27.24	27.52
Current Domestic Taxes	-223M	56M	-14M	-7M	21M
Total Current Taxes	-223M	56M	-14M	-7M	21M
Deferred Domestic Taxes	-293M	95M	35M	95M	129M
Total Deferred Taxes	-293M	95M	35M	95M	129M
Normalized Net Income	-1.1B	-218M	193M	489M	529M
Interest Capitalized	11M	11M	14M	27M	29M
Interest on Long-Term Debt	98M	128M	108M	121M	171M
Non-Cash Pension Expense	10M	-30M	-56M	17M	-2M
Supplemental Operating Expense Items
Advertising Expense	-	-	-	-	-
Marketing Expenses	-	-	85M	78M	97M
Selling and Marketing Expenses	101M	173M	295M	303M	349M
Net Rental Expense, Total	606M	654M	708M	690M	774M
Imputed Operating Lease Interest Expense	115M	146M	155M	176M	207M
Imputed Operating Lease Depreciation	491M	508M	553M	514M	567M
Maintenance & Repair Expenses, Total	321M	364M	424M	488M	620M
Stock-Based Comp., COGS (Total)	34M	44M	35M	59M	52M
Stock-Based Comp., Other (Total)	-	-	-	-	11M
Total Stock-Based Compensation	34M	44M	35M	59M	63M

Fiscal Period: December	2020	2021	2022	2023	2024
Assets
Cash And Equivalents	1.37B	470M	338M	281M	1.2B
Short Term Investments	1.98B	2.65B	2.08B	1.51B	1.27B
Trading Asset Securities, Total	-	-	8M	6M	-
Total Cash And Short Term Investments	3.35B	3.12B	2.42B	1.8B	2.48B
Accounts Receivable, Total	480M	546M	296M	383M	558M
Total Receivables	480M	546M	296M	383M	558M
Inventory	57M	62M	104M	116M	199M
Prepaid Expenses	112M	125M	163M	176M	307M
Restricted Cash	-	-	-	-	29M
Other Current Assets, Total	11M	71M	52M	233M	192M
Total Current Assets	4.01B	3.92B	3.04B	2.7B	3.76B
Gross Property Plant And Equipment	10.56B	11.07B	12.18B	13.43B	15.74B
Accumulated Depreciation	-3.53B	-3.86B	-4.13B	-4.34B	-4.55B
Net Property Plant And Equipment	7.03B	7.21B	8.06B	9.09B	11.19B
Long-term Investments	-	-	7M	2M	-
Goodwill	1.94B	-	-	-	2.72B
Other Intangibles, Total	107M	2.04B	2.04B	2.03B	873M
Other Long-Term Assets, Total	962M	780M	1.04B	781M	1.22B
Total Assets	14.05B	13.95B	14.19B	14.61B	19.77B
Liabilities
Accounts Payable, Total	108M	200M	221M	207M	186M
Accrued Expenses, Total	887M	1.02B	1.24B	1.27B	1.98B
Current Portion of Long-Term Debt	1.15B	372M	276M	289M	442M
Current Portion of Leases	290M	268M	228M	222M	215M
Unearned Revenue Current, Total	1.81B	2.08B	2.3B	2.36B	3.3B
Other Current Liabilities	54M	53M	223M	112M	20M
Total Current Liabilities	4.29B	3.99B	4.49B	4.46B	6.14B
Long-Term Debt	2.37B	2.18B	1.88B	2.18B	4.49B
Long-Term Leases	1.27B	1.28B	1.39B	1.12B	1.24B
Unearned Revenue Non Current	1.54B	1.45B	1.37B	1.38B	1.66B
Pension & Other Post Retirement Benefits	665M	305M	348M	362M	460M
Deferred Tax Liability Non Current	407M	578M	574M	695M	934M
Other Non Current Liabilities	509M	375M	305M	295M	457M
Total Liabilities	11.06B	10.15B	10.37B	10.5B	15.4B
Common Stock, Total	1M	1M	1M	1M	1M
Additional Paid In Capital	391M	494M	577M	695M	811M
Retained Earnings	3.76B	4.24B	4.3B	4.54B	4.93B
Treasury Stock	-674M	-674M	-674M	-819M	-1.13B
Comprehensive Income and Other	-494M	-262M	-388M	-299M	-239M
Total Common Equity	2.99B	3.8B	3.82B	4.11B	4.37B
Total Equity	2.99B	3.8B	3.82B	4.11B	4.37B
Total Liabilities And Equity	14.05B	13.95B	14.19B	14.61B	19.77B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	124M	126M	128M	126M	123M
ECS Total Common Shares Outstanding	124M	126M	128M	126M	123M
Book Value / Share	24.05	30.19	29.92	32.62	35.51
Tangible Book Value	938M	1.76B	1.78B	2.08B	775M
Tangible Book Value Per Share	7.55	13.95	13.94	16.5	6.29
Total Debt	5.08B	4.1B	3.78B	3.82B	6.39B
Net Debt	1.73B	979M	1.36B	2.02B	3.92B
Debt Equivalent of Unfunded Proj. Benefit Obligation	446M	63M	185M	160M	155M
Debt Equivalent Oper. Leases	4.85B	5.23B	5.66B	5.52B	6.19B
Account Code - Inventory Valuation	6	6	6	6	6
Inventories - Raw Materials, Total	15M	21M	38M	31M	30M
Inventories - Others	88M	90M	121M	145M	259M
Machinery, Total	7.76B	8.13B	9.05B	10.42B	12.27B
Full Time Employees	19.36K	20.55K	22.92K	23.18K	30.21K
Part Time Employees	2.64K	2.28K	2.55K	2.86K	3.73K
Accumulated Allowance for Doubtful Accounts (Supple)	-	-	-	-	-

Fiscal Period: December	2020	2021	2022	2023	2024
Net Income	-1.32B	478M	58M	235M	395M
Depreciation & Amortization - CF	420M	394M	415M	451M	520M
Amortization of Goodwill and Intangible Assets - (CF)	-	-	-	-	16M
Depreciation & Amortization, Total	420M	394M	415M	451M	536M
Amortization of Deferred Charges, Total - (CF)	-	-	-	-	47M
Asset Writedown & Restructuring Costs	847M	-11M	496M	-	-
Stock-Based Compensation (CF)	24M	51M	42M	85M	63M
Other Operating Activities, Total	-	-	-	422M	-70M
Change In Accounts Receivable	-160M	-66M	-45M	-19M	-128M
Change in Unearned Revenues	461M	171M	156M	62M	179M
Change In Income Taxes	-	-	295M	-	-
Change In Deferred Taxes	-300M	104M	22M	81M	135M
Change in Other Net Operating Assets	-202M	-91M	-21M	-267M	307M
Cash from Operations	-234M	1.03B	1.42B	1.05B	1.46B
Capital Expenditure	-206M	-292M	-1.67B	-1.49B	-1.28B
Sale of Property, Plant, and Equipment	279M	2M	4M	32M	-
Cash Acquisitions	-	-	-	-	-659M
Investment in Marketable and Equity Securities, Total	-644M	-706M	455M	616M	929M
Other Investing Activities, Total	-22M	-12M	-6M	-118M	377M
Cash from Investing	-593M	-1.01B	-1.22B	-964M	-634M
Long-Term Debt Issued, Total	2.56B	363M	-	411M	2.31B
Total Debt Issued	2.56B	363M	-	411M	2.31B
Long-Term Debt Repaid, Total	-565M	-1.33B	-385M	-282M	-1.92B
Total Debt Repaid	-565M	-1.33B	-385M	-282M	-1.92B
Repurchase of Common Stock	-31M	-	-	-137M	-312M
Common Dividends Paid	-45M	-	-	-	-
Common & Preferred Stock Dividends Paid	-45M	-	-	-	-
Other Financing Activities, Total	58M	57M	60M	-139M	36M
Cash from Financing	1.98B	-914M	-325M	-147M	119M
Net Change in Cash	1.15B	-892M	-125M	-61M	949M
Supplemental Items
Cash Interest Paid	50M	109M	71M	105M	148M
Cash Income Tax Paid (Refund)	-	48M	-	15M	22M
Levered Free Cash Flow	-858M	264M	-230M	-866M	1B
Unlevered Free Cash Flow	-803M	337M	-172M	-807M	1.09B
Change In Net Working Capital	-18M	-352M	-827M	334M	-1.17B
Net Debt Issued / Repaid	2B	-971M	-385M	129M	395M

Fiscal Period: December	2020	2021	2022	2023	2024
Profitability
Return on Assets	-7.91	-1.15	1.58	3.55	3.23
Return on Total Capital	-13.7	-2.01	2.87	6.59	5.94
Return On Equity %	-36.18	14.08	1.52	5.93	9.31
Return on Common Equity	-36.18	14.08	1.52	5.93	9.31
Margin Analysis
Gross Profit Margin %	-19.07	15.2	24.43	23.62	24.38
SG&A Margin	2.83	2.8	3.06	2.91	2.97
EBITDA Margin %	-36.2	2.22	7.99	12.17	12.14
EBITA Margin %	-47.98	-4.16	3.69	7.85	7.71
EBIT Margin %	-47.98	-4.16	3.69	7.85	7.58
Income From Continuing Operations Margin %	-37.13	7.74	0.6	2.25	3.37
Net Income Margin %	-37.13	7.74	0.6	2.25	3.37
Net Avail. For Common Margin %	-37.13	7.74	0.6	2.25	3.37
Normalized Net Income Margin	-30.93	-3.53	2	4.69	4.51
Levered Free Cash Flow Margin	-24.05	4.28	-2.39	-8.3	8.53
Unlevered Free Cash Flow Margin	-22.53	5.46	-1.78	-7.74	9.29
Asset Turnover
Asset Turnover	0.26	0.44	0.69	0.72	0.68
Fixed Assets Turnover	0.47	0.87	1.26	1.22	1.16
Receivables Turnover (Average Receivables)	8.88	12.04	22.91	30.71	24.94
Inventory Turnover (Average Inventory)	65.83	88.02	87.82	72.39	56.34
Short Term Liquidity
Current Ratio	0.93	0.98	0.68	0.61	0.61
Quick Ratio	0.89	0.92	0.61	0.49	0.49
Operating Cash Flow to Current Liabilities	-0.05	0.26	0.32	0.24	0.24
Days Sales Outstanding (Average Receivables)	41.21	30.32	15.93	11.89	14.67
Days Outstanding Inventory (Average Inventory)	5.56	4.15	4.16	5.04	6.5
Average Days Payable Outstanding	10.99	10.72	10.48	9.79	8.03
Cash Conversion Cycle (Average Days)	35.78	23.74	9.61	7.13	13.14
Long Term Solvency
Total Debt/Equity	169.95	107.73	99.06	92.83	146.23
Total Debt / Total Capital	62.96	51.86	49.76	48.14	59.39
LT Debt/Equity	121.82	90.9	85.85	80.4	131.2
Long-Term Debt / Total Capital	45.13	43.76	43.13	41.7	53.28
Total Liabilities / Total Assets	78.73	72.75	73.1	71.85	77.88
EBIT / Interest Expense	-19.67	-2.2	3.79	8.7	6.26
EBITDA / Interest Expense	-7.87	6.76	15.73	20.84	15.49
(EBITDA - Capex) / Interest Expense	-10.24	4.26	-2.04	4.95	6.46
Total Debt / EBITDA	-7.41	5.18	2.56	1.95	2.91
Net Debt / EBITDA	-2.53	1.24	0.92	1.03	1.78
Total Debt / (EBITDA - Capex)	-5.7	8.21	-19.69	8.21	6.96
Net Debt / (EBITDA - Capex)	-1.94	1.96	-7.06	4.35	4.27
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	-59.39	73.19	56.19	8.09	12.56
Gross Profit, 1 Yr. Growth %	-127.3	-238.09	151.01	4.5	16.16
EBITDA, 1 Yr. Growth %	-186.41	-110.61	458.7	6.02	14.55
EBITA, 1 Yr. Growth %	-259.76	-84.98	-239.06	4.6	9.96
EBIT, 1 Yr. Growth %	-259.76	-84.98	-239.06	4.6	8.68
Earnings From Cont. Operations, 1 Yr. Growth %	-272.17	-136.1	-87.87	305.17	68.09
Net Income, 1 Yr. Growth %	-272.17	-136.1	-87.87	305.17	68.09
Normalized Net Income, 1 Yr. Growth %	-268.26	-80.23	-190.35	6.39	8.18
Diluted EPS Before Extra, 1 Yr. Growth %	-273.26	-135.15	-88.06	306.67	68.31
Accounts Receivable, 1 Yr. Growth %	48.61	13.75	-45.79	29.39	45.69
Inventory, 1 Yr. Growth %	-20.83	8.77	67.74	11.54	71.55
Net Property, Plant and Equip., 1 Yr. Growth %	-13.02	2.55	11.81	12.83	23.12
Total Assets, 1 Yr. Growth %	8.1	-0.68	1.68	3.01	35.28
Tangible Book Value, 1 Yr. Growth %	-58.61	87.31	1.2	16.99	-62.74
Common Equity, 1 Yr. Growth %	-31.01	27.21	0.39	7.78	6.3
Cash From Operations, 1 Yr. Growth %	-113.59	-540.17	37.67	-25.95	39.43
Capital Expenditures, 1 Yr. Growth %	-70.4	31.53	472.26	-10.59	-14.26
Levered Free Cash Flow, 1 Yr. Growth %	-228.98	-130.24	-186.93	-2.5K	-218.38
Unlevered Free Cash Flow, 1 Yr. Growth %	-214.06	-141.17	-150.74	-951.45	-238.5
Dividend Per Share, 1 Yr. Growth %	-73.21	-	-	-	-
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	-34.31	-16.13	64.47	29.93	10.3
Gross Profit, 2 Yr. CAGR %	-42.95	-37	73.5	73.63	15.81
EBITDA, 2 Yr. CAGR %	4.11	-69.72	-36.6	204.35	13.61
EBITA, 2 Yr. CAGR %	46.89	-51.01	-60.98	78.41	12.82
EBIT, 2 Yr. CAGR %	46.89	-51.01	-60.98	78.41	12.21
Earnings From Cont. Operations, 2 Yr. CAGR %	74.06	-21.16	-79.07	-29.88	160.97
Net Income, 2 Yr. CAGR %	74.06	-21.16	-79.07	-29.88	160.97
Normalized Net Income, 2 Yr. CAGR %	53.71	-42.32	-63.95	50.99	13.3
Diluted EPS Before Extra, 2 Yr. CAGR %	74.55	-21.96	-79.52	-30.33	161.62
Accounts Receivable, 2 Yr. CAGR %	14.52	30.02	-21.47	-16.25	37.3
Inventory, 2 Yr. CAGR %	-2.53	-7.2	35.08	36.78	38.33
Net Property, Plant and Equip., 2 Yr. CAGR %	5.27	-5.56	7.08	12.32	17.86
Total Assets, 2 Yr. CAGR %	13.46	3.62	0.5	2.35	18.05
Tangible Book Value, 2 Yr. CAGR %	-25.3	-11.94	37.68	8.8	-33.98
Common Equity, 2 Yr. CAGR %	-10.75	-6.32	13.01	4.02	7.04
Cash From Operations, 2 Yr. CAGR %	-55.75	-22.66	146.17	0.97	1.61
Capital Expenditures, 2 Yr. CAGR %	-53.68	-35.23	174.35	126.2	-12.44
Levered Free Cash Flow, 2 Yr. CAGR %	610.32	-36.96	-57.35	80.98	1.39K
Unlevered Free Cash Flow, 2 Yr. CAGR %	429.77	-30.79	-62.37	54.64	348.17
Dividend Per Share, 2 Yr. CAGR %	-45.87	-	-	-	-
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	-23.27	-9.25	3.18	42.99	23.86
Gross Profit, 3 Yr. CAGR %	-36.26	-23.4	-0.13	46.52	51.86
EBITDA, 3 Yr. CAGR %	-8.69	-51.37	-19.79	-12.86	118.29
EBITA, 3 Yr. CAGR %	8.92	-31.31	-30.73	-29.54	52.14
EBIT, 3 Yr. CAGR %	8.92	-31.31	-30.73	-29.54	51.24
Earnings From Cont. Operations, 3 Yr. CAGR %	11.31	3.03	-57.75	-43.8	-6.16
Net Income, 3 Yr. CAGR %	11.31	3.03	-57.75	-43.8	-6.16
Normalized Net Income, 3 Yr. CAGR %	11.62	-22.4	-33.46	-30.98	35.11
Diluted EPS Before Extra, 3 Yr. CAGR %	11.44	2.31	-58.26	-44.54	-6.52
Accounts Receivable, 3 Yr. CAGR %	12.07	14.26	-2.87	-7.25	0.73
Inventory, 3 Yr. CAGR %	0	1.1	13.04	26.72	47.51
Net Property, Plant and Equip., 3 Yr. CAGR %	6.67	4.35	-0.09	8.96	15.81
Total Assets, 3 Yr. CAGR %	9.34	8.53	2.97	1.33	12.32
Tangible Book Value, 3 Yr. CAGR %	-12.16	1.48	-7.77	30.4	-23.88
Common Equity, 3 Yr. CAGR %	-4.77	0.44	-4.13	11.24	4.78
Cash From Operations, 3 Yr. CAGR %	-47.2	-4.83	-6.27	64.94	12.43
Capital Expenditures, 3 Yr. CAGR %	-41.44	-32.75	33.9	88.8	63.7
Levered Free Cash Flow, 3 Yr. CAGR %	49.11	149.57	-29.78	-11.9	55.88
Unlevered Free Cash Flow, 3 Yr. CAGR %	36.99	127.57	-37.56	-12.67	47.82
Dividend Per Share, 3 Yr. CAGR %	-32.14	-	-	-	-
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	-8.62	0.83	4.09	4.76	5.97
Gross Profit, 5 Yr. CAGR %	-21.53	-17.55	-2.14	3.35	3.87
EBITDA, 5 Yr. CAGR %	-4.79	-40.08	-14.59	1.28	-0.94
EBITA, 5 Yr. CAGR %	5.17	-28.86	-23.1	0.62	-3.31
EBIT, 5 Yr. CAGR %	5.17	-28.86	-23.1	0.62	-3.66
Earnings From Cont. Operations, 5 Yr. CAGR %	9.32	-9.72	-42.95	-11.67	-12.47
Net Income, 5 Yr. CAGR %	9.32	-9.72	-42.95	-11.67	-12.47
Normalized Net Income, 5 Yr. CAGR %	5.59	-24.46	-24.61	0.92	-4.21
Diluted EPS Before Extra, 5 Yr. CAGR %	10.33	-10.07	-43.4	-12.26	-13.03
Accounts Receivable, 5 Yr. CAGR %	17.76	12.57	-2.79	0.91	11.55
Inventory, 5 Yr. CAGR %	2.25	5.7	12.78	14.09	22.55
Net Property, Plant and Equip., 5 Yr. CAGR %	11.76	7.07	6.83	7.47	6.74
Total Assets, 5 Yr. CAGR %	16.55	6.97	5.71	6.01	8.76
Tangible Book Value, 5 Yr. CAGR %	-17.21	15.52	5.14	4.35	-19.31
Common Equity, 5 Yr. CAGR %	4.38	5.34	1.98	1.86	0.19
Cash From Operations, 5 Yr. CAGR %	-31.78	-5.76	-2.26	-2.55	-3.19
Capital Expenditures, 5 Yr. CAGR %	-24.34	-15.51	10.25	9.25	12.98
Levered Free Cash Flow, 5 Yr. CAGR %	9.01	-22.68	-2.31	119.46	8.52
Unlevered Free Cash Flow, 5 Yr. CAGR %	7.4	-19.13	-11.31	94.98	9.12
Dividend Per Share, 5 Yr. CAGR %	-14.06	-	-	-	-