$AAL
American Airlines Group Inc.

2017 Q2 Form 10-Q Financial Statement

#000119312517239325 Filed on July 28, 2017

View on sec.gov

Income Statement

Concept 2017 Q2 2016 Q2
Revenue $11.23B $10.36B
YoY Change 8.34% -4.29%
Cost Of Revenue $3.723B $3.437B
YoY Change 8.32% -14.48%
Gross Profit $7.504B $6.926B
YoY Change 8.35% 1.73%
Gross Profit Margin 66.84% 66.83%
Selling, General & Admin $3.867B $3.422B
YoY Change 13.0% 10.53%
% of Gross Profit 51.53% 49.41%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $496.0M $446.0M
YoY Change 11.21% 11.22%
% of Gross Profit 6.61% 6.44%
Operating Expenses $5.702B $5.110B
YoY Change 11.59% 7.97%
Operating Profit $1.599B $1.751B
YoY Change -8.68% -8.85%
Interest Expense $263.0M $249.0M
YoY Change 5.62% 11.66%
% of Operating Profit 16.45% 14.22%
Other Income/Expense, Net -$210.0M -$258.0M
YoY Change -18.6% 27.72%
Pretax Income $1.389B $1.493B
YoY Change -6.97% -13.15%
Income Tax $525.0M $543.0M
% Of Pretax Income 37.8% 36.37%
Net Earnings $864.0M $950.0M
YoY Change -9.05% -44.25%
Net Earnings / Revenue 7.7% 9.17%
Basic Earnings Per Share $1.76 $1.69
Diluted Earnings Per Share $1.75 $1.68
COMMON SHARES
Basic Shares Outstanding 490.8M shares 563.0M shares
Diluted Shares Outstanding 493.0M shares 566.0M shares

Balance Sheet

Concept 2017 Q2 2016 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $6.886B $7.118B
YoY Change -3.26% -20.19%
Cash & Equivalents $489.0M
Short-Term Investments $6.500B $6.672B
Other Short-Term Assets $1.381B $1.474B
YoY Change -6.31% -33.87%
Inventory $1.206B $999.0M
Prepaid Expenses
Receivables $1.543B $1.593B
Other Receivables $0.00 $0.00
Total Short-Term Assets $11.02B $11.18B
YoY Change -1.5% -20.73%
LONG-TERM ASSETS
Property, Plant & Equipment $32.99B $29.61B
YoY Change 11.42% 17.1%
Goodwill $4.091B $4.091B
YoY Change 0.0% 0.0%
Intangibles $2.224B $2.213B
YoY Change 0.5% -2.68%
Long-Term Investments
YoY Change
Other Assets $9.327B $10.26B
YoY Change -9.06% 386.99%
Total Long-Term Assets $42.32B $39.87B
YoY Change 6.15% 18.09%
TOTAL ASSETS
Total Short-Term Assets $11.02B $11.18B
Total Long-Term Assets $42.32B $39.87B
Total Assets $53.34B $51.05B
YoY Change 4.48% 6.65%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.924B $1.944B
YoY Change -1.03% 15.51%
Accrued Expenses $3.618B $3.763B
YoY Change -3.85% 13.65%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $2.334B $1.715B
YoY Change 36.09% 4.45%
Total Short-Term Liabilities $16.11B $14.92B
YoY Change 8.01% -0.85%
LONG-TERM LIABILITIES
Long-Term Debt $22.53B $21.13B
YoY Change 6.6% 21.72%
Other Long-Term Liabilities $3.484B $2.675B
YoY Change 30.24% -25.78%
Total Long-Term Liabilities $33.51B $31.82B
YoY Change 5.3% 9.03%
TOTAL LIABILITIES
Total Short-Term Liabilities $16.11B $14.92B
Total Long-Term Liabilities $33.51B $31.82B
Total Liabilities $49.62B $46.74B
YoY Change 6.17% 5.67%
SHAREHOLDERS EQUITY
Retained Earnings $2.577B $719.0M
YoY Change 258.41% -111.85%
Common Stock $6.250B $8.356B
YoY Change -25.2% -41.67%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $3.715B $4.312B
YoY Change
Total Liabilities & Shareholders Equity $53.34B $51.05B
YoY Change 4.48% 6.65%

Cashflow Statement

Concept 2017 Q2 2016 Q2
OPERATING ACTIVITIES
Net Income $864.0M $950.0M
YoY Change -9.05% -44.25%
Depreciation, Depletion And Amortization $496.0M $446.0M
YoY Change 11.21% 11.22%
Cash From Operating Activities $1.688B $2.213B
YoY Change -23.72% -5.71%
INVESTING ACTIVITIES
Capital Expenditures -$1.480B -$1.506B
YoY Change -1.73% -12.95%
Acquisitions
YoY Change
Other Investing Activities $86.00M -$151.0M
YoY Change -156.95% -163.71%
Cash From Investing Activities -$1.394B -$1.657B
YoY Change -15.87% 10.98%
FINANCING ACTIVITIES
Cash Dividend Paid $50.00M $58.00M
YoY Change -13.79% -17.14%
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -272.0M -605.0M
YoY Change -55.04% -36.32%
NET CHANGE
Cash From Operating Activities 1.688B 2.213B
Cash From Investing Activities -1.394B -1.657B
Cash From Financing Activities -272.0M -605.0M
Net Change In Cash 22.00M -49.00M
YoY Change -144.9% -48.96%
FREE CASH FLOW
Cash From Operating Activities $1.688B $2.213B
Capital Expenditures -$1.480B -$1.506B
Free Cash Flow $3.168B $3.719B
YoY Change -14.82% -8.78%

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