2014 Q2 Form 10-Q Financial Statement

#000000620114000014 Filed on July 24, 2014

View on sec.gov

Income Statement

Concept 2014 Q2 2013 Q4 2013 Q2
Revenue $11.36B $7.367B $6.449B
YoY Change 76.07% 24.09% -0.05%
Cost Of Revenue $5.199B $2.934B $3.095B
YoY Change 67.98% 884.56% -9.56%
Gross Profit $6.156B $4.434B $3.354B
YoY Change 83.54% -21.37% 10.69%
Gross Profit Margin 54.21% 60.19% 52.01%
Selling, General & Admin $2.923B $1.830B $1.759B
YoY Change 66.17% -5.28% -1.07%
% of Gross Profit 47.48% 41.27% 52.44%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $369.0M $1.020B $248.0M
YoY Change 48.79% 0.49% -4.98%
% of Gross Profit 5.99% 23.0% 7.39%
Operating Expenses $4.504B $3.858B $2.829B
YoY Change 59.21% -30.32% 1.69%
Operating Profit $1.399B $115.0M $512.0M
YoY Change 173.24% 1542.86% 214.11%
Interest Expense $214.0M -$208.0M $161.0M
YoY Change 32.92% 69.11% -1.83%
% of Operating Profit 15.3% -180.87% 31.45%
Other Income/Expense, Net -$195.0M -$12.00M -$168.0M
YoY Change 16.07% -105.63% 9.8%
Pretax Income $1.204B -$2.325B $220.0M
YoY Change 447.27% 659.8% -191.29%
Income Tax $340.0M -$324.0M $0.00
% Of Pretax Income 28.24% 0.0%
Net Earnings $864.0M -$2.000B $220.0M
YoY Change 292.73% -860.46% -191.29%
Net Earnings / Revenue 7.61% -27.15% 3.41%
Basic Earnings Per Share $1.20 -$5.38 $0.88
Diluted Earnings Per Share $1.17 -$5.38 $0.79
COMMON SHARES
Basic Shares Outstanding 720.6M shares 372.1M shares 249.6M shares
Diluted Shares Outstanding 734.8M shares 372.1M shares 288.5M shares

Balance Sheet

Concept 2014 Q2 2013 Q4 2013 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $9.459B $9.251B $6.210B
YoY Change 52.32% 137.69% 24.7%
Cash & Equivalents $1.210B $1.140B $604.0M
Short-Term Investments $8.249B $8.111B $5.606B
Other Short-Term Assets $1.551B $1.465B $576.0M
YoY Change 169.27% 134.03% 18.52%
Inventory $1.093B $1.012B $589.0M
Prepaid Expenses
Receivables $1.981B $1.560B $1.376B
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $14.97B $14.32B $9.635B
YoY Change 55.33% 102.53% 20.68%
LONG-TERM ASSETS
Property, Plant & Equipment $21.24B $19.26B $13.29B
YoY Change 59.8% 43.7% -1.35%
Goodwill $4.089B $4.086B
YoY Change
Intangibles $2.311B
YoY Change
Long-Term Investments
YoY Change
Other Assets $2.190B $2.299B $2.172B
YoY Change 0.83% 6.09% 4.57%
Total Long-Term Assets $29.85B $27.96B $16.58B
YoY Change 80.0% 70.06% -0.96%
TOTAL ASSETS
Total Short-Term Assets $14.97B $14.32B $9.635B
Total Long-Term Assets $29.85B $27.96B $16.58B
Total Assets $44.81B $42.28B $26.22B
YoY Change 70.93% 79.83% 6.03%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.653B $1.368B $1.507B
YoY Change 9.69% 40.31% 10.65%
Accrued Expenses $2.389B $2.464B $2.170B
YoY Change 10.09% 72.67% 14.27%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $1.523B $1.446B $1.298B
YoY Change 17.33% 4.18% -18.77%
Total Short-Term Liabilities $15.09B $13.81B $10.67B
YoY Change 41.42% 53.21% 5.99%
LONG-TERM LIABILITIES
Long-Term Debt $15.62B $21.28B $7.987B
YoY Change 95.57% 215.98% 26.32%
Other Long-Term Liabilities $3.408B $3.159B $1.860B
YoY Change 83.23% 79.39% 10.25%
Total Long-Term Liabilities $25.64B $31.20B $9.847B
YoY Change 160.35% 96.49% 22.93%
TOTAL LIABILITIES
Total Short-Term Liabilities $15.09B $13.81B $10.67B
Total Long-Term Liabilities $25.64B $31.20B $9.847B
Total Liabilities $40.73B $45.01B $20.52B
YoY Change 98.5% 80.82% 13.5%
SHAREHOLDERS EQUITY
Retained Earnings -$9.953B -$11.30B -$9.584B
YoY Change 3.85% 19.38% 1.02%
Common Stock $15.89B $10.60B $4.825B
YoY Change 229.24% 119.76% 0.19%
Preferred Stock
YoY Change
Treasury Stock (at cost) $1.000M $0.00 $367.0M
YoY Change -99.73% -100.0% 0.0%
Treasury Stock Shares 0.000 shares
Shareholders Equity $4.086B -$2.731B -$8.216B
YoY Change
Total Liabilities & Shareholders Equity $44.81B $42.28B $26.22B
YoY Change 70.93% 79.83% 6.03%

Cashflow Statement

Concept 2014 Q2 2013 Q4 2013 Q2
OPERATING ACTIVITIES
Net Income $864.0M -$2.000B $220.0M
YoY Change 292.73% -860.46% -191.29%
Depreciation, Depletion And Amortization $369.0M $1.020B $248.0M
YoY Change 48.79% 0.49% -4.98%
Cash From Operating Activities $1.381B -$1.212B $1.170B
YoY Change 18.03% 329.79% 78.63%
INVESTING ACTIVITIES
Capital Expenditures -$1.631B -$714.0M -$919.0M
YoY Change 77.48% -2.86% 85.66%
Acquisitions
YoY Change
Other Investing Activities $227.0M $1.992B -$1.978B
YoY Change -111.48% 441.3% 1548.33%
Cash From Investing Activities -$1.404B $1.278B -$2.897B
YoY Change -51.54% -448.23% 371.06%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -26.00M 357.0M 1.725B
YoY Change -101.51% -42.51% -4020.45%
NET CHANGE
Cash From Operating Activities 1.381B -1.212B 1.170B
Cash From Investing Activities -1.404B 1.278B -2.897B
Cash From Financing Activities -26.00M 357.0M 1.725B
Net Change In Cash -49.00M 423.0M -2.000M
YoY Change 2350.0% -1610.71% -50.0%
FREE CASH FLOW
Cash From Operating Activities $1.381B -$1.212B $1.170B
Capital Expenditures -$1.631B -$714.0M -$919.0M
Free Cash Flow $3.012B -$498.0M $2.089B
YoY Change 44.18% -209.93% 81.65%

Facts In Submission

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us-gaap Sale Leaseback Transaction Net Proceeds
SaleLeasebackTransactionNetProceeds
1132000000 USD
us-gaap Sale Leaseback Transaction Net Proceeds
SaleLeasebackTransactionNetProceeds
411000000 USD
us-gaap Sales Revenue Services Net
SalesRevenueServicesNet
21351000000 USD
CY2013Q2 us-gaap Sales Revenue Services Net
SalesRevenueServicesNet
6449000000 USD
us-gaap Sales Revenue Services Net
SalesRevenueServicesNet
12547000000 USD
CY2014Q2 us-gaap Sales Revenue Services Net
SalesRevenueServicesNet
11355000000 USD
CY2013Q2 us-gaap Selling Expense
SellingExpense
273000000 USD
CY2014Q2 us-gaap Selling Expense
SellingExpense
402000000 USD
us-gaap Selling Expense
SellingExpense
563000000 USD
us-gaap Selling Expense
SellingExpense
804000000 USD
CY2014Q2 us-gaap Short Term Investments
ShortTermInvestments
8249000000 USD
CY2013Q4 us-gaap Short Term Investments
ShortTermInvestments
8111000000 USD
CY2013Q4 us-gaap Stockholders Equity
StockholdersEquity
-2731000000 USD
CY2014Q2 us-gaap Stockholders Equity
StockholdersEquity
4086000000 USD
CY2014Q2 us-gaap Temporary Equity Interest In Subsidiary Earnings
TemporaryEquityInterestInSubsidiaryEarnings
0 USD
us-gaap Temporary Equity Interest In Subsidiary Earnings
TemporaryEquityInterestInSubsidiaryEarnings
0 USD
CY2013Q4 us-gaap Treasury Stock Value
TreasuryStockValue
0 USD
CY2014Q2 us-gaap Treasury Stock Value
TreasuryStockValue
1000000 USD
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
738051000 shares
CY2013Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
288511000 shares
CY2014Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
734767000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
249540000 shares
CY2013Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
249588000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
722286000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
249540000 shares
CY2014Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
720600000 shares
dei Amendment Flag
AmendmentFlag
false
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
dei Document Period End Date
DocumentPeriodEndDate
2014-06-30
dei Document Type
DocumentType
10-Q
dei Entity Central Index Key
EntityCentralIndexKey
0000006201
CY2014Q3 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
720102826 shares
dei Entity Filer Category
EntityFilerCategory
Large Accelerated Filer
dei Entity Registrant Name
EntityRegistrantName
American Airlines Group Inc.

Files In Submission

Name View Source Status
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0000006201-14-000014-index.html Edgar Link pending
0000006201-14-000014.txt Edgar Link pending
0000006201-14-000014-xbrl.zip Edgar Link pending
aa-ex122x2014630.htm Edgar Link pending
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aag-20140630.xml Edgar Link completed
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aag-20140630_cal.xml Edgar Link unprocessable
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