$ALK
ALASKA AIR GROUP, INC.

2021 Q1 Form 10-Q Financial Statement

#000076642121000041 Filed on May 06, 2021

View on sec.gov

Income Statement

Concept 2021 Q1 2020 Q1
Revenue $797.0M $1.636B
YoY Change -51.28% -12.79%
Cost Of Revenue $579.0M $888.0M
YoY Change -34.8% -3.16%
Gross Profit $218.0M $748.0M
YoY Change -70.86% -22.0%
Gross Profit Margin 27.35% 45.72%
Selling, General & Admin $559.0M $674.0M
YoY Change -17.06% 1.51%
% of Gross Profit 256.42% 90.11%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $97.00M $108.0M
YoY Change -10.19% 1.89%
% of Gross Profit 44.5% 14.44%
Operating Expenses $958.0M $1.957B
YoY Change -51.05% 5.73%
Operating Profit -$161.0M -$321.0M
YoY Change -49.84% -1384.0%
Interest Expense $32.00M $13.00M
YoY Change 146.15% -40.91%
% of Operating Profit
Other Income/Expense, Net -$12.00M $4.000M
YoY Change -400.0% -121.05%
Pretax Income -$173.0M -$317.0M
YoY Change -45.43% -5383.33%
Income Tax -$42.00M -$85.00M
% Of Pretax Income
Net Earnings -$131.0M -$232.0M
YoY Change -43.53% -5900.0%
Net Earnings / Revenue -16.44% -14.18%
Basic Earnings Per Share -$1.05 -$1.89
Diluted Earnings Per Share -$1.05 -$1.89
COMMON SHARES
Basic Shares Outstanding 124.3M shares 122.8M shares
Diluted Shares Outstanding 124.3M shares 122.8M shares

Balance Sheet

Concept 2021 Q1 2020 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $3.549B $2.125B
YoY Change 67.01% 47.98%
Cash & Equivalents $1.076B $811.0M
Short-Term Investments $2.473B $1.314B
Other Short-Term Assets $161.0M $100.0M
YoY Change 61.0% -32.89%
Inventory $57.00M $68.00M
Prepaid Expenses
Receivables $517.0M $279.0M
Other Receivables $0.00 $0.00
Total Short-Term Assets $4.284B $2.572B
YoY Change 66.56% 28.54%
LONG-TERM ASSETS
Property, Plant & Equipment $6.144B $6.854B
YoY Change -10.36% 3.39%
Goodwill $1.943B $1.943B
YoY Change 0.0% 0.0%
Intangibles $105.0M $110.0M
YoY Change -4.55% -13.39%
Long-Term Investments
YoY Change
Other Assets $363.0M $300.0M
YoY Change 21.0% 33.33%
Total Long-Term Assets $9.978B $10.79B
YoY Change -7.53% 1.43%
TOTAL ASSETS
Total Short-Term Assets $4.284B $2.572B
Total Long-Term Assets $9.978B $10.79B
Total Assets $14.26B $13.36B
YoY Change 6.73% 5.72%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $133.0M $119.0M
YoY Change 11.76% -24.2%
Accrued Expenses $541.0M $382.0M
YoY Change 41.62% -20.42%
Deferred Revenue $1.110B
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $1.246B $1.059B
YoY Change 17.66% 253.0%
Total Short-Term Liabilities $4.762B $3.730B
YoY Change 27.67% 10.16%
LONG-TERM LIABILITIES
Long-Term Debt $2.325B $1.203B
YoY Change 93.27% -27.7%
Other Long-Term Liabilities $482.0M $253.0M
YoY Change 90.51% 20.48%
Total Long-Term Liabilities $2.807B $4.415B
YoY Change -36.42% 14.85%
TOTAL LIABILITIES
Total Short-Term Liabilities $4.762B $3.730B
Total Long-Term Liabilities $2.807B $4.415B
Total Liabilities $7.569B $8.145B
YoY Change -7.07% 12.66%
SHAREHOLDERS EQUITY
Retained Earnings $3.633B $4.856B
YoY Change -25.19% 7.96%
Common Stock $410.0M $315.0M
YoY Change 30.16% 20.23%
Preferred Stock
YoY Change
Treasury Stock (at cost) $674.0M $674.0M
YoY Change 0.0% 16.01%
Treasury Stock Shares 9.350M shares 9.350M shares
Shareholders Equity $2.875B $4.015B
YoY Change
Total Liabilities & Shareholders Equity $14.26B $13.36B
YoY Change 6.73% 5.72%

Cashflow Statement

Concept 2021 Q1 2020 Q1
OPERATING ACTIVITIES
Net Income -$131.0M -$232.0M
YoY Change -43.53% -5900.0%
Depreciation, Depletion And Amortization $97.00M $108.0M
YoY Change -10.19% 1.89%
Cash From Operating Activities $167.0M $33.00M
YoY Change 406.06% -92.95%
INVESTING ACTIVITIES
Capital Expenditures $27.00M $119.0M
YoY Change -77.31% 3.48%
Acquisitions
YoY Change
Other Investing Activities $5.000M $8.000M
YoY Change -37.5% -260.0%
Cash From Investing Activities -$543.0M -$127.0M
YoY Change 327.56% -31.72%
FINANCING ACTIVITIES
Cash Dividend Paid $0.00 $45.00M
YoY Change -100.0% 4.65%
Common Stock Issuance & Retirement, Net $0.00 $31.00M
YoY Change -100.0% 138.46%
Debt Paid & Issued, Net $115.0M $60.00M
YoY Change 91.67% -84.73%
Cash From Financing Activities $82.00M $684.0M
YoY Change -88.01% -500.0%
NET CHANGE
Cash From Operating Activities $167.0M $33.00M
Cash From Investing Activities -$543.0M -$127.0M
Cash From Financing Activities $82.00M $684.0M
Net Change In Cash -$294.0M $590.0M
YoY Change -149.83% 431.53%
FREE CASH FLOW
Cash From Operating Activities $167.0M $33.00M
Capital Expenditures $27.00M $119.0M
Free Cash Flow $140.0M -$86.00M
YoY Change -262.79% -124.36%

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