2014 Q1 Form 10-Q Financial Statement

#000076642114000033 Filed on May 09, 2014

View on sec.gov

Income Statement

Concept 2014 Q1 2013 Q1
Revenue $0.00 $0.00
YoY Change -100.0%
Cost Of Revenue $587.0M $610.0M
YoY Change -3.77% 16.19%
Gross Profit $635.0M $523.0M
YoY Change 21.41% 1.75%
Gross Profit Margin
Selling, General & Admin $343.0M $323.0M
YoY Change 6.19% 2.87%
% of Gross Profit 54.02% 61.76%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $70.00M $69.00M
YoY Change 1.45% 7.81%
% of Gross Profit 11.02% 13.19%
Operating Expenses $1.081B $1.069B
YoY Change 1.12% 10.55%
Operating Profit $141.0M $64.00M
YoY Change 120.31% -11.11%
Interest Expense $12.00M $16.00M
YoY Change -25.0% -5.88%
% of Operating Profit 8.51% 25.0%
Other Income/Expense, Net $11.00M -$5.000M
YoY Change -320.0% -16.67%
Pretax Income $152.0M $59.00M
YoY Change 157.63% -10.61%
Income Tax $58.00M $22.00M
% Of Pretax Income 38.16% 37.29%
Net Earnings $94.00M $37.00M
YoY Change 154.05% -9.76%
Net Earnings / Revenue
Basic Earnings Per Share $0.69 $0.52
Diluted Earnings Per Share $0.68 $0.51
COMMON SHARES
Basic Shares Outstanding 137.3M shares 70.43M shares
Diluted Shares Outstanding 138.8M shares 71.41M shares

Balance Sheet

Concept 2014 Q1 2013 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.420B $1.265B
YoY Change 12.25% 10.87%
Cash & Equivalents $90.00M $95.00M
Short-Term Investments $1.330B $1.170B
Other Short-Term Assets $244.0M $325.0M
YoY Change -24.92% 7.62%
Inventory $58.00M $61.00M
Prepaid Expenses
Receivables $212.0M $188.0M
Other Receivables $0.00 $0.00
Total Short-Term Assets $1.934B $1.839B
YoY Change 5.17% 10.99%
LONG-TERM ASSETS
Property, Plant & Equipment $3.930B $3.639B
YoY Change 8.0% 3.86%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $3.000M $23.00M
YoY Change -86.96% -68.49%
Other Assets $197.0M $143.0M
YoY Change 37.76% -3.77%
Total Long-Term Assets $4.127B $3.805B
YoY Change 8.46% 2.14%
TOTAL ASSETS
Total Short-Term Assets $1.934B $1.839B
Total Long-Term Assets $4.127B $3.805B
Total Assets $6.061B $5.644B
YoY Change 7.39% 4.87%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $75.00M $101.0M
YoY Change -25.74% -21.71%
Accrued Expenses $672.0M $568.0M
YoY Change 18.31% 2.99%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $113.0M $106.0M
YoY Change 6.6% -49.55%
Total Short-Term Liabilities $1.755B $1.598B
YoY Change 9.82% -4.49%
LONG-TERM LIABILITIES
Long-Term Debt $721.0M $840.0M
YoY Change -14.17% -18.99%
Other Long-Term Liabilities $309.0M $332.0M
YoY Change -6.93% 80.34%
Total Long-Term Liabilities $1.490B $1.744B
YoY Change -14.56% 19.95%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.755B $1.598B
Total Long-Term Liabilities $1.490B $1.744B
Total Liabilities $3.245B $3.342B
YoY Change -2.9% 6.87%
SHAREHOLDERS EQUITY
Retained Earnings $1.684B $1.164B
YoY Change 44.67% 36.72%
Common Stock $593.0M $727.0M
YoY Change -18.43% -2.94%
Preferred Stock
YoY Change
Treasury Stock (at cost) $1.000M
YoY Change
Treasury Stock Shares 9.773K shares
Shareholders Equity $2.095B $1.462B
YoY Change
Total Liabilities & Shareholders Equity $6.061B $5.644B
YoY Change 7.39% 4.87%

Cashflow Statement

Concept 2014 Q1 2013 Q1
OPERATING ACTIVITIES
Net Income $94.00M $37.00M
YoY Change 154.05% -9.76%
Depreciation, Depletion And Amortization $70.00M $69.00M
YoY Change 1.45% 7.81%
Cash From Operating Activities $242.0M $212.0M
YoY Change 14.15% 15.85%
INVESTING ACTIVITIES
Capital Expenditures $93.00M $103.0M
YoY Change -9.71% 5.1%
Acquisitions
YoY Change
Other Investing Activities -$7.000M $7.000M
YoY Change -200.0% -800.0%
Cash From Investing Activities -$164.0M -$151.0M
YoY Change 8.61% -12.72%
FINANCING ACTIVITIES
Cash Dividend Paid $17.00M $0.00
YoY Change
Common Stock Issuance & Retirement, Net $30.00M $8.000M
YoY Change 275.0% 60.0%
Debt Paid & Issued, Net $37.00M $88.00M
YoY Change -57.95% 49.15%
Cash From Financing Activities -$68.00M -$88.00M
YoY Change -22.73% 37.5%
NET CHANGE
Cash From Operating Activities $242.0M $212.0M
Cash From Investing Activities -$164.0M -$151.0M
Cash From Financing Activities -$68.00M -$88.00M
Net Change In Cash $10.00M -$27.00M
YoY Change -137.04% -50.0%
FREE CASH FLOW
Cash From Operating Activities $242.0M $212.0M
Capital Expenditures $93.00M $103.0M
Free Cash Flow $149.0M $109.0M
YoY Change 36.7% 28.24%

Facts In Submission

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ALASKA AIR GROUP, INC.

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