2024 Q3 Form 10-Q Financial Statement
#000000620124000048 Filed on July 25, 2024
Income Statement
| Concept | 2024 Q3 | 2024 Q2 |
|---|---|---|
| Revenue | $13.65B | $14.33B |
| YoY Change | 1.22% | 1.99% |
| Cost Of Revenue | $5.029B | $5.161B |
| YoY Change | -2.69% | 11.28% |
| Gross Profit | $8.618B | $9.173B |
| YoY Change | 3.66% | -2.59% |
| Gross Profit Margin | 63.15% | 63.99% |
| Selling, General & Admin | $4.566B | $4.409B |
| YoY Change | 3.68% | 6.91% |
| % of Gross Profit | 52.98% | 48.06% |
| Research & Development | ||
| YoY Change | ||
| % of Gross Profit | ||
| Depreciation & Amortization | $559.0M | $553.0M |
| YoY Change | -1.24% | -1.78% |
| % of Gross Profit | 6.49% | 6.03% |
| Operating Expenses | $7.975B | $7.789B |
| YoY Change | 5.13% | 7.46% |
| Operating Profit | $89.00M | $1.384B |
| YoY Change | -139.91% | -36.19% |
| Interest Expense | -$336.0M | -$363.0M |
| YoY Change | -162.57% | -8.56% |
| % of Operating Profit | -377.53% | -26.23% |
| Other Income/Expense, Net | -$345.0M | -$356.0M |
| YoY Change | -26.12% | -2642.86% |
| Pretax Income | -$256.0M | $1.028B |
| YoY Change | -62.9% | -41.69% |
| Income Tax | -$107.0M | $311.0M |
| % Of Pretax Income | 30.25% | |
| Net Earnings | -$149.0M | $717.0M |
| YoY Change | -72.66% | -46.41% |
| Net Earnings / Revenue | -1.09% | 5.0% |
| Basic Earnings Per Share | -$0.23 | $1.09 |
| Diluted Earnings Per Share | -$0.23 | $1.01 |
| COMMON SHARES | ||
| Basic Shares Outstanding | 656.7M shares | 656.1M shares |
| Diluted Shares Outstanding | 657.4M shares | 720.3M shares |
Balance Sheet
| Concept | 2024 Q3 | 2024 Q2 |
|---|---|---|
| SHORT-TERM ASSETS | ||
| Cash & Short-Term Investments | $8.571B | $8.581B |
| YoY Change | -19.84% | -33.38% |
| Cash & Equivalents | $933.0M | $740.0M |
| Short-Term Investments | $7.638B | $7.841B |
| Other Short-Term Assets | $929.0M | $967.0M |
| YoY Change | 12.06% | -2.03% |
| Inventory | $2.582B | $2.575B |
| Prepaid Expenses | ||
| Receivables | $1.820B | $2.067B |
| Other Receivables | $0.00 | $0.00 |
| Total Short-Term Assets | $14.46B | $14.80B |
| YoY Change | -13.48% | -18.8% |
| LONG-TERM ASSETS | ||
| Property, Plant & Equipment | $38.56B | $38.92B |
| YoY Change | 0.94% | 1.49% |
| Goodwill | $4.091B | $4.091B |
| YoY Change | 0.0% | 0.0% |
| Intangibles | $2.046B | $2.047B |
| YoY Change | -0.34% | -0.39% |
| Long-Term Investments | $495.0M | $478.0M |
| YoY Change | -10.49% | -22.9% |
| Other Assets | $10.52B | $10.41B |
| YoY Change | -2.68% | 165.16% |
| Total Long-Term Assets | $49.07B | $49.33B |
| YoY Change | 0.14% | 0.59% |
| TOTAL ASSETS | ||
| Total Short-Term Assets | $14.46B | $14.80B |
| Total Long-Term Assets | $49.07B | $49.33B |
| Total Assets | $63.53B | $64.13B |
| YoY Change | -3.32% | -4.66% |
| SHORT-TERM LIABILITIES | ||
| YoY Change | ||
| Accounts Payable | $2.623B | $3.016B |
| YoY Change | 23.55% | 25.35% |
| Accrued Expenses | $6.390B | $5.825B |
| YoY Change | -12.78% | -3.14% |
| Deferred Revenue | ||
| YoY Change | ||
| Short-Term Debt | $0.00 | $0.00 |
| YoY Change | ||
| Long-Term Debt Due | $5.262B | $3.982B |
| YoY Change | 45.88% | 2.79% |
| Total Short-Term Liabilities | $25.53B | $24.61B |
| YoY Change | 4.73% | 1.21% |
| LONG-TERM LIABILITIES | ||
| Long-Term Debt | $26.27B | $27.64B |
| YoY Change | -11.62% | -10.19% |
| Other Long-Term Liabilities | $1.631B | $1.460B |
| YoY Change | -1.33% | -91.18% |
| Total Long-Term Liabilities | $42.85B | $44.26B |
| YoY Change | -7.78% | -6.48% |
| TOTAL LIABILITIES | ||
| Total Short-Term Liabilities | $25.53B | $24.61B |
| Total Long-Term Liabilities | $42.85B | $44.26B |
| Total Liabilities | $68.38B | $68.87B |
| YoY Change | -3.48% | -3.87% |
| SHAREHOLDERS EQUITY | ||
| Retained Earnings | -$7.433B | -$7.284B |
| YoY Change | -3.57% | 1.69% |
| Common Stock | $7.414B | $7.396B |
| YoY Change | 0.73% | 0.93% |
| Preferred Stock | ||
| YoY Change | ||
| Treasury Stock (at cost) | ||
| YoY Change | ||
| Treasury Stock Shares | ||
| Shareholders Equity | -$4.854B | -$4.746B |
| YoY Change | ||
| Total Liabilities & Shareholders Equity | $63.53B | $64.13B |
| YoY Change | -3.32% | -4.66% |
Cashflow Statement
| Concept | 2024 Q3 | 2024 Q2 |
|---|---|---|
| OPERATING ACTIVITIES | ||
| Net Income | -$149.0M | $717.0M |
| YoY Change | -72.66% | -46.41% |
| Depreciation, Depletion And Amortization | $559.0M | $553.0M |
| YoY Change | -1.24% | -1.78% |
| Cash From Operating Activities | ||
| YoY Change | ||
| INVESTING ACTIVITIES | ||
| Capital Expenditures | ||
| YoY Change | ||
| Acquisitions | ||
| YoY Change | ||
| Other Investing Activities | ||
| YoY Change | ||
| Cash From Investing Activities | ||
| YoY Change | ||
| FINANCING ACTIVITIES | ||
| Cash Dividend Paid | ||
| YoY Change | ||
| Common Stock Issuance & Retirement, Net | ||
| YoY Change | ||
| Debt Paid & Issued, Net | ||
| YoY Change | ||
| Cash From Financing Activities | ||
| YoY Change | ||
| NET CHANGE | ||
| Cash From Operating Activities | ||
| Cash From Investing Activities | ||
| Cash From Financing Activities | ||
| Net Change In Cash | ||
| YoY Change | ||
| FREE CASH FLOW | ||
| Cash From Operating Activities | ||
| Capital Expenditures | ||
| Free Cash Flow | ||
| YoY Change |
Facts In Submission
| Frame | Concept Type | Concept / XBRL Key | Value | Unit |
|---|---|---|---|---|
| CY2023Q2 | aal |
Debt Refinancing Debt Extinguishment And Other Expense
DebtRefinancingDebtExtinguishmentAndOtherExpense
|
17000000 | usd |
| aal |
Debt Refinancing Debt Extinguishment And Other Expense
DebtRefinancingDebtExtinguishmentAndOtherExpense
|
7000000 | usd | |
| aal |
Nonoperating Special Items Net
NonoperatingSpecialItemsNet
|
45000000 | usd | |
| CY2023Q1 | us-gaap |
Stock Issued During Period Shares Share Based Compensation
StockIssuedDuringPeriodSharesShareBasedCompensation
|
2175213 | shares |
| CY2023Q1 | us-gaap |
Adjustments Related To Tax Withholding For Share Based Compensation
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
|
15000000 | usd |
| CY2023Q1 | us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
15000000 | usd |
| CY2023Q1 | us-gaap |
Stockholders Equity
StockholdersEquity
|
-5771000000 | usd |
| CY2023Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
1338000000 | usd |
| CY2023Q2 | us-gaap |
Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
|
17000000 | usd |
| CY2023Q2 | us-gaap |
Stock Issued During Period Shares Share Based Compensation
StockIssuedDuringPeriodSharesShareBasedCompensation
|
469087 | shares |
| CY2024Q2 | aal |
Restructuring And Other Net
RestructuringAndOtherNet
|
0 | usd |
| CY2023Q2 | aal |
Restructuring And Other Net
RestructuringAndOtherNet
|
6000000 | usd |
| aal |
Restructuring And Other Net
RestructuringAndOtherNet
|
70000000 | usd | |
| aal |
Restructuring And Other Net
RestructuringAndOtherNet
|
19000000 | usd | |
| CY2024Q2 | us-gaap |
Equity Securities Fv Ni Unrealized Gain Loss
EquitySecuritiesFvNiUnrealizedGainLoss
|
-5000000 | usd |
| CY2023Q2 | us-gaap |
Equity Securities Fv Ni Unrealized Gain Loss
EquitySecuritiesFvNiUnrealizedGainLoss
|
-11000000 | usd |
| us-gaap |
Equity Securities Fv Ni Unrealized Gain Loss
EquitySecuritiesFvNiUnrealizedGainLoss
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-51000000 | usd | |
| us-gaap |
Equity Securities Fv Ni Unrealized Gain Loss
EquitySecuritiesFvNiUnrealizedGainLoss
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-11000000 | usd | |
| CY2024Q2 | aal |
Debt Refinancing Debt Extinguishment And Other Expense
DebtRefinancingDebtExtinguishmentAndOtherExpense
|
7000000 | usd |
| aal |
Debt Refinancing Debt Extinguishment And Other Expense
DebtRefinancingDebtExtinguishmentAndOtherExpense
|
34000000 | usd | |
| CY2024Q2 | aal |
Nonoperating Special Items Net
NonoperatingSpecialItemsNet
|
12000000 | usd |
| CY2023Q2 | aal |
Nonoperating Special Items Net
NonoperatingSpecialItemsNet
|
28000000 | usd |
| aal |
Nonoperating Special Items Net
NonoperatingSpecialItemsNet
|
58000000 | usd | |
| CY2024Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
717000000 | usd |
| CY2023Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
1338000000 | usd |
| us-gaap |
Net Income Loss
NetIncomeLoss
|
405000000 | usd | |
| us-gaap |
Net Income Loss
NetIncomeLoss
|
1348000000 | usd | |
| CY2024Q2 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
656965000 | shares |
| CY2023Q2 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
653602000 | shares |
| us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
656406000 | shares | |
| us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
652801000 | shares | |
| CY2024Q2 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
1.09 | |
| CY2023Q2 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
2.05 | |
| us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.62 | ||
| us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
2.06 | ||
| CY2024Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
717000000 | usd |
| CY2023Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
1338000000 | usd |
| us-gaap |
Net Income Loss
NetIncomeLoss
|
405000000 | usd | |
| us-gaap |
Net Income Loss
NetIncomeLoss
|
1348000000 | usd | |
| CY2024Q2 | us-gaap |
Interest On Convertible Debt Net Of Tax
InterestOnConvertibleDebtNetOfTax
|
9000000 | usd |
| CY2023Q2 | us-gaap |
Interest On Convertible Debt Net Of Tax
InterestOnConvertibleDebtNetOfTax
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| us-gaap |
Interest On Convertible Debt Net Of Tax
InterestOnConvertibleDebtNetOfTax
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22000000 | usd | |
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Interest On Convertible Debt Net Of Tax
InterestOnConvertibleDebtNetOfTax
|
23000000 | usd | |
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Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
|
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| CY2023Q2 | us-gaap |
Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
|
1350000000 | usd |
| us-gaap |
Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
|
427000000 | usd | |
| us-gaap |
Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
|
1371000000 | usd | |
| CY2024Q2 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
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| CY2023Q2 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
653602000 | shares |
| us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
656406000 | shares | |
| us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
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| CY2024Q2 | us-gaap |
Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
|
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| CY2023Q2 | us-gaap |
Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
|
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| us-gaap |
Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
|
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Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
|
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| CY2024Q2 | us-gaap |
Incremental Common Shares Attributable To Call Options And Warrants
IncrementalCommonSharesAttributableToCallOptionsAndWarrants
|
886000 | shares |
| CY2023Q2 | us-gaap |
Incremental Common Shares Attributable To Call Options And Warrants
IncrementalCommonSharesAttributableToCallOptionsAndWarrants
|
2708000 | shares |
| us-gaap |
Incremental Common Shares Attributable To Call Options And Warrants
IncrementalCommonSharesAttributableToCallOptionsAndWarrants
|
1713000 | shares | |
| us-gaap |
Incremental Common Shares Attributable To Call Options And Warrants
IncrementalCommonSharesAttributableToCallOptionsAndWarrants
|
3176000 | shares | |
| CY2024Q2 | us-gaap |
Incremental Common Shares Attributable To Conversion Of Debt Securities
IncrementalCommonSharesAttributableToConversionOfDebtSecurities
|
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| CY2023Q2 | us-gaap |
Incremental Common Shares Attributable To Conversion Of Debt Securities
IncrementalCommonSharesAttributableToConversionOfDebtSecurities
|
61728000 | shares |
| us-gaap |
Incremental Common Shares Attributable To Conversion Of Debt Securities
IncrementalCommonSharesAttributableToConversionOfDebtSecurities
|
61728000 | shares | |
| us-gaap |
Incremental Common Shares Attributable To Conversion Of Debt Securities
IncrementalCommonSharesAttributableToConversionOfDebtSecurities
|
61728000 | shares | |
| CY2024Q2 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
720302000 | shares |
| CY2023Q2 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
719345000 | shares |
| us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
720712000 | shares | |
| us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
718890000 | shares | |
| CY2024Q2 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
1.01 | |
| CY2023Q2 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
1.88 | |
| us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.59 | ||
| us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
1.91 | ||
| CY2024Q2 | us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
14334000000 | usd |
| CY2023Q2 | us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
14055000000 | usd |
| us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
26904000000 | usd | |
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Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
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| CY2024Q2 | us-gaap |
Contract With Customer Liability
ContractWithCustomerLiability
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| CY2023Q4 | us-gaap |
Contract With Customer Liability
ContractWithCustomerLiability
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Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
|
31528000000 | usd |
| CY2023Q4 | us-gaap |
Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
|
32759000000 | usd |
| CY2024Q2 | us-gaap |
Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net
DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet
|
337000000 | usd |
| CY2023Q4 | us-gaap |
Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net
DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet
|
363000000 | usd |
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Long Term Debt Current
LongTermDebtCurrent
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Long Term Debt Current
LongTermDebtCurrent
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| CY2024Q2 | us-gaap |
Long Term Debt
LongTermDebt
|
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| CY2023Q4 | us-gaap |
Long Term Debt
LongTermDebt
|
28895000000 | usd |
| CY2023Q4 | aal |
Other Carryforwards
OtherCarryforwards
|
4700000000 | usd |
| CY2024Q2 | aal |
Restricted Short Term Investments Noncurrent
RestrictedShortTermInvestmentsNoncurrent
|
199000000 | usd |
| CY2024Q2 | us-gaap |
Other Investments
OtherInvestments
|
133000000 | usd |
| CY2023Q4 | us-gaap |
Other Investments
OtherInvestments
|
186000000 | usd |
| CY2023Q4 | us-gaap |
Aoci Tax Attributable To Parent
AociTaxAttributableToParent
|
1512000000 | usd |
| CY2023Q4 | us-gaap |
Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
-4894000000 | usd |
| us-gaap |
Other Comprehensive Income Loss Before Reclassifications Tax
OtherComprehensiveIncomeLossBeforeReclassificationsTax
|
-1000000 | usd | |
| us-gaap |
Oci Before Reclassifications Net Of Tax Attributable To Parent
OciBeforeReclassificationsNetOfTaxAttributableToParent
|
-1000000 | usd | |
| us-gaap |
Reclassification From Aoci Current Period Tax
ReclassificationFromAociCurrentPeriodTax
|
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Reclassification From Aoci Current Period Net Of Tax Attributable To Parent
ReclassificationFromAociCurrentPeriodNetOfTaxAttributableToParent
|
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| us-gaap |
Other Comprehensive Income Loss Tax
OtherComprehensiveIncomeLossTax
|
10000000 | usd | |
| us-gaap |
Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
|
36000000 | usd | |
| CY2024Q2 | us-gaap |
Aoci Tax Attributable To Parent
AociTaxAttributableToParent
|
1522000000 | usd |
| CY2024Q2 | us-gaap |
Accumulated Other Comprehensive Income Loss Net Of Tax
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|
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| CY2024Q2 | ecd |
Rule10b51 Arr Adopted Flag
Rule10b51ArrAdoptedFlag
|
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Non Rule10b51 Arr Adopted Flag
NonRule10b51ArrAdoptedFlag
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Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
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Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
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