2022 Q1 Form 10-Q Financial Statement

#000000620122000046 Filed on April 21, 2022

View on sec.gov

Income Statement

Concept 2022 Q1 2021 Q1
Revenue $8.900B $4.008B
YoY Change 122.06% -52.93%
Cost Of Revenue $4.151B $2.333B
YoY Change 77.93% -39.29%
Gross Profit $4.748B $1.675B
YoY Change 183.46% -64.15%
Gross Profit Margin 53.35% 41.79%
Selling, General & Admin $3.486B $2.881B
YoY Change 21.0% -27.9%
% of Gross Profit 73.42% 172.0%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $558.0M $546.0M
YoY Change 2.2% -15.09%
% of Gross Profit 11.75% 32.6%
Operating Expenses $6.314B $4.698B
YoY Change 34.4% -21.65%
Operating Profit -$1.723B -$1.315B
YoY Change 31.03% -48.41%
Interest Expense $463.0M $371.0M
YoY Change 24.8% 44.36%
% of Operating Profit
Other Income/Expense, Net -$363.0M -$258.0M
YoY Change 40.7% -24.34%
Pretax Income -$2.086B -$1.573B
YoY Change 32.61% -45.57%
Income Tax -$451.0M -$323.0M
% Of Pretax Income
Net Earnings -$1.635B -$1.250B
YoY Change 30.8% -44.22%
Net Earnings / Revenue -18.37% -31.19%
Basic Earnings Per Share -$2.52 -$1.97
Diluted Earnings Per Share -$2.52 -$1.97
COMMON SHARES
Basic Shares Outstanding 649.5M shares 634.6M shares
Diluted Shares Outstanding 649.5M shares 634.6M shares

Balance Sheet

Concept 2022 Q1 2021 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $12.62B $14.20B
YoY Change -11.1% 295.65%
Cash & Equivalents $512.0M $434.0M
Short-Term Investments $12.11B $13.76B
Other Short-Term Assets $1.739B $1.421B
YoY Change 22.38% 76.08%
Inventory $2.002B $1.658B
Prepaid Expenses
Receivables $1.537B $971.0M
Other Receivables $0.00 $0.00
Total Short-Term Assets $17.76B $18.09B
YoY Change -1.81% 152.11%
LONG-TERM ASSETS
Property, Plant & Equipment $37.60B $38.90B
YoY Change -3.33% 13.71%
Goodwill $4.091B $4.091B
YoY Change 0.0% -0.22%
Intangibles $1.970B $2.019B
YoY Change -2.43% -1.94%
Long-Term Investments $201.0M
YoY Change 64.75%
Other Assets $12.04B $11.66B
YoY Change 3.2% 35.93%
Total Long-Term Assets $49.64B $50.56B
YoY Change -1.82% -1.64%
TOTAL ASSETS
Total Short-Term Assets $17.76B $18.09B
Total Long-Term Assets $49.64B $50.56B
Total Assets $67.40B $68.65B
YoY Change -1.82% 17.19%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $2.546B $1.624B
YoY Change 56.77% -1.46%
Accrued Expenses $5.482B $5.344B
YoY Change 2.58% -2.48%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $2.208B $2.339B
YoY Change -5.6% -31.51%
Total Short-Term Liabilities $21.87B $17.33B
YoY Change 26.15% -9.79%
LONG-TERM LIABILITIES
Long-Term Debt $35.46B $37.25B
YoY Change -4.8% 72.73%
Other Long-Term Liabilities $1.378B $1.456B
YoY Change -5.36% 8.98%
Total Long-Term Liabilities $54.48B $59.26B
YoY Change -8.08% 41.09%
TOTAL LIABILITIES
Total Short-Term Liabilities $21.87B $17.33B
Total Long-Term Liabilities $54.48B $59.26B
Total Liabilities $76.34B $76.59B
YoY Change -0.33% 25.12%
SHAREHOLDERS EQUITY
Retained Earnings -$10.27B -$7.895B
YoY Change 30.12% 37495.24%
Common Stock $7.249B $6.986B
YoY Change 3.76% 80.75%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$8.940B -$7.945B
YoY Change
Total Liabilities & Shareholders Equity $67.40B $68.65B
YoY Change -1.82% 17.19%

Cashflow Statement

Concept 2022 Q1 2021 Q1
OPERATING ACTIVITIES
Net Income -$1.635B -$1.250B
YoY Change 30.8% -44.22%
Depreciation, Depletion And Amortization $558.0M $546.0M
YoY Change 2.2% -15.09%
Cash From Operating Activities $1.185B $174.0M
YoY Change 581.03% -203.57%
INVESTING ACTIVITIES
Capital Expenditures -$807.0M
YoY Change
Acquisitions
YoY Change
Other Investing Activities $36.00M $42.00M
YoY Change -14.29% -14.29%
Cash From Investing Activities -$771.0M -$7.152B
YoY Change -89.22% 4314.81%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $13.00M
YoY Change -92.4%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -$310.0M $7.013B
YoY Change -104.42% 1233.27%
NET CHANGE
Cash From Operating Activities $1.185B $174.0M
Cash From Investing Activities -$771.0M -$7.152B
Cash From Financing Activities -$310.0M $7.013B
Net Change In Cash $104.0M $35.00M
YoY Change 197.14% -82.14%
FREE CASH FLOW
Cash From Operating Activities $1.185B $174.0M
Capital Expenditures -$807.0M
Free Cash Flow $1.992B
YoY Change

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CY2021Q1 us-gaap Proceeds From Issuance Of Long Term Debt
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CY2021Q1 us-gaap Payments Related To Tax Withholding For Share Based Compensation
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CY2022Q1 us-gaap Proceeds From Issuance Or Sale Of Equity
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CY2021Q1 us-gaap Proceeds From Issuance Or Sale Of Equity
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CY2021Q1 us-gaap Payments Of Debt Issuance Costs
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CY2021Q1 us-gaap Proceeds From Payments For Other Financing Activities
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CY2021Q1 us-gaap Net Cash Provided By Used In Financing Activities
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CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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CY2022Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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CY2021Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
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CY2022Q1 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
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CY2021Q1 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
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CY2022Q1 us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
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CY2021Q1 us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
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Cash
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CY2021Q1 us-gaap Cash
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CY2021Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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CY2022Q1 us-gaap Net Income Loss
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CY2022Q1 us-gaap Stock Issued During Period Shares Share Based Compensation
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CY2022Q1 us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
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CY2022Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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CY2022Q1 us-gaap Stockholders Equity
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CY2020Q4 us-gaap Stockholders Equity
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CY2021Q1 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
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CY2021Q1 us-gaap Stock Issued During Period Shares Share Based Compensation
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CY2021Q1 us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
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CY2021Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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CY2021Q1 us-gaap Stockholders Equity
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CY2022Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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8900000000 USD
CY2022Q1 aal Revenue From Contract With Customer Percentage Of Revenue Recovered
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0.84
CY2022Q1 aal Decrease In Flight Travel Comparedto Prior Year
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0.107
CY2022Q1 aal Decrease In Flight Travel Compared To Prior Year Domestic Capacity Percentage
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CY2022Q1 aal Decrease In Flight Travel Compared To Prior Year Long Haul International Capacity Percentage
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0.174
CY2022Q1 aal Restructuring And Other Net
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157000000 USD
CY2021Q1 aal Restructuring And Other Net
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CY2022Q1 aal Debt Refinancing Debt Extinguishment And Other Expense
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CY2021Q1 aal Debt Refinancing Debt Extinguishment And Other Expense
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26000000 USD
CY2022Q1 us-gaap Equity Securities Fv Ni Unrealized Gain Loss
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CY2021Q1 us-gaap Equity Securities Fv Ni Unrealized Gain Loss
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49000000 USD
CY2022Q1 aal Nonoperating Special Items Net
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CY2021Q1 aal Nonoperating Special Items Net
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CY2022Q1 aal Payments For Restructuring Salary And Medical Costs
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CY2021Q1 aal Payments For Restructuring Salary And Medical Costs
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CY2022Q1 us-gaap Net Income Loss
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CY2021Q1 us-gaap Net Income Loss
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CY2022Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
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CY2021Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
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CY2022Q1 us-gaap Contract With Customer Liability
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CY2022Q1 us-gaap Debt Instrument Carrying Amount
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CY2021Q4 us-gaap Debt Instrument Carrying Amount
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37781000000 USD
CY2022Q1 us-gaap Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net
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439000000 USD
CY2021Q4 us-gaap Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net
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458000000 USD
CY2022Q1 us-gaap Long Term Debt Current
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CY2021Q4 us-gaap Long Term Debt Current
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CY2022Q1 us-gaap Long Term Debt
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CY2021Q4 us-gaap Long Term Debt
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CY2022Q1 us-gaap Line Of Credit Facility Remaining Borrowing Capacity
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CY2021Q4 aal Other Carryforwards
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CY2022Q1 us-gaap Deferred Tax Assets Valuation Allowance
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34000000 USD
CY2022Q1 us-gaap Income Tax Expense Benefit
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CY2021Q1 us-gaap Income Tax Expense Benefit
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CY2021Q4 us-gaap Aoci Tax Attributable To Parent
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1204000000 USD
CY2021Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
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CY2022Q1 us-gaap Other Comprehensive Income Loss Before Reclassifications Tax
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CY2022Q1 us-gaap Oci Before Reclassifications Net Of Tax Attributable To Parent
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CY2022Q1 us-gaap Reclassification From Aoci Current Period Tax
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CY2022Q1 us-gaap Reclassification From Aoci Current Period Net Of Tax Attributable To Parent
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CY2022Q1 us-gaap Other Comprehensive Income Loss Tax
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7000000 USD
CY2022Q1 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
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26000000 USD
CY2022Q1 us-gaap Aoci Tax Attributable To Parent
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1211000000 USD
CY2022Q1 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
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CY2018Q2 aal Number Of Putative Class Action Lawsuits
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100 lawsuit
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45000000 USD
CY2022Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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8900000000 USD
CY2022Q1 aal Revenue From Contract With Customer Percentage Of Revenue Recovered
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0.84

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