2021 Q4 Form 10-K Financial Statement

#000076642122000009 Filed on February 11, 2022

View on sec.gov

Income Statement

Concept 2021 Q4 2021 2020 Q4
Revenue $1.899B $6.176B $808.0M
YoY Change 135.02% 73.19% -63.73%
Cost Of Revenue $876.0M $2.952B $495.0M
YoY Change 76.97% 37.94% -48.92%
Gross Profit $1.023B $3.224B $313.0M
YoY Change 226.84% 126.09% -75.14%
Gross Profit Margin 53.87% 52.2% 38.74%
Selling, General & Admin $729.0M $2.563B $557.0M
YoY Change 30.88% 11.29% -26.03%
% of Gross Profit 71.26% 79.5% 177.96%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $100.0M $394.0M $100.0M
YoY Change 0.0% -6.19% -5.66%
% of Gross Profit 9.78% 12.22% 31.95%
Operating Expenses $988.0M $5.491B $754.0M
YoY Change 31.03% 2.81% -25.12%
Operating Profit $35.00M $685.0M -$441.0M
YoY Change -107.94% -138.59% -275.0%
Interest Expense -$19.00M $128.0M -$23.00M
YoY Change -17.39% 30.61% -1250.0%
% of Operating Profit -54.29% 18.69%
Other Income/Expense, Net $9.000M -$56.00M $1.000M
YoY Change 800.0% -13.85% -116.67%
Pretax Income $29.00M $629.0M -$643.0M
YoY Change -104.51% -134.18% -364.61%
Income Tax $25.00M $151.0M -$196.0M
% Of Pretax Income 86.21% 24.01%
Net Earnings $18.00M $478.0M -$447.0M
YoY Change -104.03% -136.1% -346.96%
Net Earnings / Revenue 0.95% 7.74% -55.32%
Basic Earnings Per Share $3.82
Diluted Earnings Per Share $140.5K $3.77 -$3.605M
COMMON SHARES
Basic Shares Outstanding 125.3M shares 125.1M shares 123.7M shares
Diluted Shares Outstanding 126.8M shares

Balance Sheet

Concept 2021 Q4 2021 2020 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $3.070B $3.116B $3.346B
YoY Change -8.25% -6.87% 119.99%
Cash & Equivalents $470.0M $470.0M $1.370B
Short-Term Investments $2.600B $2.646B $1.976B
Other Short-Term Assets $196.0M $196.0M $123.0M
YoY Change 59.35% 59.35% 1.65%
Inventory $62.00M $62.00M $57.00M
Prepaid Expenses
Receivables $546.0M $546.0M $480.0M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $3.920B $3.920B $4.006B
YoY Change -2.15% -2.15% 96.66%
LONG-TERM ASSETS
Property, Plant & Equipment $6.138B $7.591B $6.211B
YoY Change -1.18% -0.26% -10.01%
Goodwill $2.044B $2.050B
YoY Change -0.29% 5.51%
Intangibles $107.0M
YoY Change -12.3%
Long-Term Investments
YoY Change
Other Assets $396.0M $396.0M $379.0M
YoY Change 4.49% 4.49% 36.33%
Total Long-Term Assets $10.03B $10.03B $10.04B
YoY Change -0.09% -0.09% -8.36%
TOTAL ASSETS
Total Short-Term Assets $3.920B $3.920B $4.006B
Total Long-Term Assets $10.03B $10.03B $10.04B
Total Assets $13.95B $13.95B $14.05B
YoY Change -0.68% -0.68% 8.1%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $200.0M $200.0M $108.0M
YoY Change 85.19% 85.19% -26.03%
Accrued Expenses $625.0M $1.350B $424.0M
YoY Change 47.41% 8.78% -1.62%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $366.0M $366.0M $1.138B
YoY Change -67.84% -67.84% 384.26%
Total Short-Term Liabilities $3.991B $3.991B $4.293B
YoY Change -7.03% -7.03% 34.11%
LONG-TERM LIABILITIES
Long-Term Debt $2.173B $2.173B $2.357B
YoY Change -7.81% -7.81% 86.47%
Other Long-Term Liabilities $378.0M $3.408B $524.0M
YoY Change -27.86% -14.82% 125.86%
Total Long-Term Liabilities $2.551B $5.581B $2.881B
YoY Change -11.45% -12.22% -31.36%
TOTAL LIABILITIES
Total Short-Term Liabilities $3.991B $3.991B $4.293B
Total Long-Term Liabilities $2.551B $5.581B $2.881B
Total Liabilities $6.542B $10.15B $7.174B
YoY Change -8.81% -8.21% -3.03%
SHAREHOLDERS EQUITY
Retained Earnings $4.242B $3.764B
YoY Change 12.7% -26.67%
Common Stock $495.0M $392.0M
YoY Change 26.28% 28.1%
Preferred Stock
YoY Change
Treasury Stock (at cost) $674.0M $674.0M
YoY Change 0.0% 4.82%
Treasury Stock Shares 9.350M shares 9.350M shares
Shareholders Equity $3.801B $3.801B $2.988B
YoY Change
Total Liabilities & Shareholders Equity $13.95B $13.95B $14.05B
YoY Change -0.68% -0.68% 8.1%

Cashflow Statement

Concept 2021 Q4 2021 2020 Q4
OPERATING ACTIVITIES
Net Income $18.00M $478.0M -$447.0M
YoY Change -104.03% -136.1% -346.96%
Depreciation, Depletion And Amortization $100.0M $394.0M $100.0M
YoY Change 0.0% -6.19% -5.66%
Cash From Operating Activities $129.0M $1.030B -$350.0M
YoY Change -136.86% -540.17% -202.64%
INVESTING ACTIVITIES
Capital Expenditures -$105.0M $292.0M -$24.00M
YoY Change 337.5% 31.53% -85.8%
Acquisitions
YoY Change
Other Investing Activities $40.00M $12.00M $198.0M
YoY Change -79.8% 100.0% 130.23%
Cash From Investing Activities -$65.00M -$1.008B $174.0M
YoY Change -137.36% 69.98% -309.64%
FINANCING ACTIVITIES
Cash Dividend Paid $0.00
YoY Change -100.0%
Common Stock Issuance & Retirement, Net $0.00
YoY Change -100.0%
Debt Paid & Issued, Net $1.300B
YoY Change 130.09%
Cash From Financing Activities -89.00M -$914.0M -305.0M
YoY Change -70.82% -146.14% 10.91%
NET CHANGE
Cash From Operating Activities 129.0M $1.030B -350.0M
Cash From Investing Activities -65.00M -$1.008B 174.0M
Cash From Financing Activities -89.00M -$914.0M -305.0M
Net Change In Cash -25.00M -$892.0M -481.0M
YoY Change -94.8% -177.3% 2729.41%
FREE CASH FLOW
Cash From Operating Activities $129.0M $1.030B -$350.0M
Capital Expenditures -$105.0M $292.0M -$24.00M
Free Cash Flow $234.0M $738.0M -$326.0M
YoY Change -171.78% -261.84% -163.92%

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63000000 USD
CY2020 us-gaap Advertising Expense
AdvertisingExpense
41000000 USD
CY2019 us-gaap Advertising Expense
AdvertisingExpense
72000000 USD
CY2021 alk Leased Aircraft Return Costs
LeasedAircraftReturnCosts
209000000 USD
CY2021 alk Special Items Impairment Charges And Other
SpecialItemsImpairmentChargesAndOther
-1000000 USD
CY2020 us-gaap Restructuring Charges
RestructuringCharges
220000000 USD
CY2021 us-gaap Restructuring Charges
RestructuringCharges
-10000000 USD
CY2020Q4 us-gaap Restructuring And Related Cost Expected Cost Remaining1
RestructuringAndRelatedCostExpectedCostRemaining1
127000000 USD
CY2020 alk Cares Act Payroll Tax Relief
CARESActPayrollTaxRelief
29000000 USD
CY2020 us-gaap Payments For Proceeds From Hedge Investing Activities
PaymentsForProceedsFromHedgeInvestingActivities
14000000 USD
CY2021 us-gaap Payments For Restructuring
PaymentsForRestructuring
105000000 USD
CY2021 us-gaap Restructuring Charges
RestructuringCharges
-10000000 USD
CY2021Q4 us-gaap Restructuring And Related Cost Expected Cost Remaining1
RestructuringAndRelatedCostExpectedCostRemaining1
12000000 USD
CY2020 us-gaap Asset Impairment Charges
AssetImpairmentCharges
363000000 USD
CY2020 us-gaap Other Asset Impairment Charges
OtherAssetImpairmentCharges
30000000 USD
CY2020 alk Special Items Impairment Charges And Other
SpecialItemsImpairmentChargesAndOther
627000000 USD
CY2021Q4 alk Psp Installments Received
PSPInstallmentsReceived
1100000000 USD
alk Proceeds From Payroll Support Program Grant
ProceedsFromPayrollSupportProgramGrant
1645000000 USD
alk Total Unsecured Term Loan Through Psp Of Cares Act
TotalUnsecuredTermLoanThroughPSPOfCARESAct
600000000 USD
alk Cares Act Psp Warrants Issued Value
CARESActPSPWarrantsIssuedValue
25000000 USD
alk Total Expected Relief From Psp Of Cares Act
TotalExpectedReliefFromPSPOfCARESAct
2270000000 USD
CY2021 alk Proceeds From Payroll Support Program Grant
ProceedsFromPayrollSupportProgramGrant
892000000 USD
CY2020 alk Proceeds From Payroll Support Program Grant
ProceedsFromPayrollSupportProgramGrant
753000000 USD
CY2021 alk Cares Act Payroll Tax Relief
CARESActPayrollTaxRelief
21000000 USD
CY2021Q4 us-gaap Credit Card Receivables
CreditCardReceivables
167000000 USD
CY2020Q4 us-gaap Credit Card Receivables
CreditCardReceivables
83000000 USD
CY2021 alk Numberof Partner A Irlines
NumberofPartnerAIrlines
23 aircraft
CY2021 alk Percentof Mileage Breakage
PercentofMileageBreakage
0.174
CY2021 us-gaap Costs And Expenses
CostsAndExpenses
90000000 USD
CY2020 us-gaap Costs And Expenses
CostsAndExpenses
43000000 USD
CY2019 us-gaap Costs And Expenses
CostsAndExpenses
208000000 USD
CY2021 us-gaap Payments For Proceeds From Hedge Investing Activities
PaymentsForProceedsFromHedgeInvestingActivities
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CY2021Q4 us-gaap Available For Sale Securities Debt Maturities Rolling Year Six Through Ten Amortized Cost Basis
AvailableForSaleSecuritiesDebtMaturitiesRollingYearSixThroughTenAmortizedCostBasis
44000000 USD
CY2019 us-gaap Payments For Proceeds From Hedge Investing Activities
PaymentsForProceedsFromHedgeInvestingActivities
19000000 USD
CY2021Q4 us-gaap Marketable Securities
MarketableSecurities
2600000000 USD
CY2021 us-gaap Proceeds From Sale And Maturity Of Marketable Securities
ProceedsFromSaleAndMaturityOfMarketableSecurities
3600000000 USD
CY2020 us-gaap Proceeds From Sale And Maturity Of Marketable Securities
ProceedsFromSaleAndMaturityOfMarketableSecurities
2300000000 USD
CY2019 us-gaap Proceeds From Sale And Maturity Of Marketable Securities
ProceedsFromSaleAndMaturityOfMarketableSecurities
1700000000 USD
CY2021Q4 us-gaap Available For Sale Securities Debt Maturities Next Rolling Twelve Months Amortized Cost Basis
AvailableForSaleSecuritiesDebtMaturitiesNextRollingTwelveMonthsAmortizedCostBasis
1064000000 USD
CY2021Q4 us-gaap Available For Sale Securities Debt Maturities Next Rolling Twelve Months Fair Value
AvailableForSaleSecuritiesDebtMaturitiesNextRollingTwelveMonthsFairValue
1065000000 USD
CY2021Q4 us-gaap Available For Sale Securities Debt Maturities Rolling Year Two Through Five Amortized Cost Basis
AvailableForSaleSecuritiesDebtMaturitiesRollingYearTwoThroughFiveAmortizedCostBasis
1537000000 USD
CY2021Q4 us-gaap Available For Sale Securities Debt Maturities Rolling Year Two Through Five Fair Value
AvailableForSaleSecuritiesDebtMaturitiesRollingYearTwoThroughFiveFairValue
1532000000 USD
CY2021Q4 us-gaap Available For Sale Securities Debt Maturities Rolling Year Six Through Ten Fair Value
AvailableForSaleSecuritiesDebtMaturitiesRollingYearSixThroughTenFairValue
42000000 USD
CY2021Q4 us-gaap Available For Sale Securities Debt Maturities Single Maturity Date Amortized Cost Basis
AvailableForSaleSecuritiesDebtMaturitiesSingleMaturityDateAmortizedCostBasis
2645000000 USD
CY2021Q4 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
2639000000 USD
CY2021Q4 us-gaap Available For Sale Securities Debt Maturities Without Single Maturity Date Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesWithoutSingleMaturityDateAmortizedCost
6000000 USD
CY2021Q4 alk Unsecured Term Loan Through Psp Of Cares Act
UnsecuredTermLoanThroughPSPOfCARESAct
600000000 USD
CY2020Q4 alk Unsecured Term Loan Through Psp Of Cares Act
UnsecuredTermLoanThroughPSPOfCARESAct
290000000 USD
CY2021Q4 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
20000000 USD
CY2020Q4 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
33000000 USD
CY2021Q4 us-gaap Long Term Debt
LongTermDebt
2539000000 USD
CY2020Q4 us-gaap Long Term Debt
LongTermDebt
3495000000 USD
CY2021Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
366000000 USD
CY2020Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
1138000000 USD
CY2021Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
2173000000 USD
CY2020Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
2357000000 USD
CY2021Q4 us-gaap Long Term Debt Percentage Bearing Fixed Interest Rate
LongTermDebtPercentageBearingFixedInterestRate
0.037
CY2020Q4 us-gaap Long Term Debt Percentage Bearing Fixed Interest Rate
LongTermDebtPercentageBearingFixedInterestRate
0.043
CY2021Q4 us-gaap Long Term Debt Percentage Bearing Variable Interest Rate
LongTermDebtPercentageBearingVariableInterestRate
0.013
CY2020Q4 us-gaap Long Term Debt Percentage Bearing Variable Interest Rate
LongTermDebtPercentageBearingVariableInterestRate
0.019
CY2021Q4 us-gaap Longterm Debt Weighted Average Interest Rate
LongtermDebtWeightedAverageInterestRate
0.033
CY2021 us-gaap Debt Instrument Increase Decrease For Period Net
DebtInstrumentIncreaseDecreaseForPeriodNet
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CY2021 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
1300000000 USD
CY2021 us-gaap Repayments Of Debt
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923000000 USD
CY2021 us-gaap Proceeds From Issuance Of Debt
ProceedsFromIssuanceOfDebt
363000000 USD
CY2021Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
371000000 USD
CY2021Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
334000000 USD
CY2021Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
240000000 USD
CY2021Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
261000000 USD
CY2021Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive
176000000 USD
CY2021Q4 us-gaap Long Term Debt Maturities Repayments Of Principal After Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive
1177000000 USD
CY2021Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
2559000000 USD
CY2021Q4 alk Line Of Credit Facility Number Of Credit Facilities
LineOfCreditFacilityNumberOfCreditFacilities
3 credit_facility
CY2021Q4 us-gaap Line Of Credit Facility Maximum Borrowing Capacity
LineOfCreditFacilityMaximumBorrowingCapacity
486000000 USD
CY2021Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
1453000000 USD
CY2020Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
1400000000 USD
CY2021 us-gaap Sublease Income
SubleaseIncome
16000000 USD
CY2020 us-gaap Sublease Income
SubleaseIncome
14000000 USD
CY2019 us-gaap Sublease Income
SubleaseIncome
13000000 USD
CY2021 us-gaap Operating Lease Expense
OperatingLeaseExpense
654000000 USD
CY2020 us-gaap Operating Lease Expense
OperatingLeaseExpense
602000000 USD
CY2019 us-gaap Operating Lease Expense
OperatingLeaseExpense
668000000 USD
CY2021 us-gaap Sublease Income
SubleaseIncome
16000000 USD
CY2020 us-gaap Sublease Income
SubleaseIncome
14000000 USD
CY2019 us-gaap Sublease Income
SubleaseIncome
13000000 USD
CY2021 us-gaap Lease Cost
LeaseCost
638000000 USD
CY2020 us-gaap Lease Cost
LeaseCost
588000000 USD
CY2019 us-gaap Lease Cost
LeaseCost
655000000 USD
CY2021 us-gaap Operating Lease Payments
OperatingLeasePayments
359000000 USD
CY2021 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
273000000 USD
CY2021Q4 us-gaap Lessor Operating Lease Lease Not Yet Commenced Assumption And Judgment Value Of Underlying Asset Amount
LessorOperatingLeaseLeaseNotYetCommencedAssumptionAndJudgmentValueOfUnderlyingAssetAmount
730000000 USD
CY2021Q4 us-gaap Deferred Tax Liabilities Property Plant And Equipment
DeferredTaxLiabilitiesPropertyPlantAndEquipment
1145000000 USD
CY2020Q4 us-gaap Deferred Tax Liabilities Property Plant And Equipment
DeferredTaxLiabilitiesPropertyPlantAndEquipment
1126000000 USD
CY2021Q4 us-gaap Deferred Tax Liabilities Goodwill And Intangible Assets Intangible Assets
DeferredTaxLiabilitiesGoodwillAndIntangibleAssetsIntangibleAssets
19000000 USD
CY2020Q4 us-gaap Deferred Tax Liabilities Goodwill And Intangible Assets Intangible Assets
DeferredTaxLiabilitiesGoodwillAndIntangibleAssetsIntangibleAssets
15000000 USD
CY2021Q4 us-gaap Deferred Tax Liabilities Other Finite Lived Assets
DeferredTaxLiabilitiesOtherFiniteLivedAssets
351000000 USD
CY2020Q4 us-gaap Deferred Tax Liabilities Other Finite Lived Assets
DeferredTaxLiabilitiesOtherFiniteLivedAssets
342000000 USD
CY2021Q4 us-gaap Deferred Tax Liabilities Other
DeferredTaxLiabilitiesOther
76000000 USD
CY2020Q4 us-gaap Deferred Tax Liabilities Other
DeferredTaxLiabilitiesOther
106000000 USD
CY2021Q4 us-gaap Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
1591000000 USD
CY2020Q4 us-gaap Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
1589000000 USD
CY2021Q4 alk Deferred Tax Assets Mileage Plan
DeferredTaxAssetsMileagePlan
416000000 USD
CY2020Q4 alk Deferred Tax Assets Mileage Plan
DeferredTaxAssetsMileagePlan
385000000 USD
CY2021Q4 us-gaap Deferred Tax Assets Inventory
DeferredTaxAssetsInventory
17000000 USD
CY2020Q4 us-gaap Deferred Tax Assets Inventory
DeferredTaxAssetsInventory
17000000 USD
CY2021Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefits
127000000 USD
CY2020Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefits
215000000 USD
CY2021Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
25000000 USD
CY2020Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
27000000 USD
CY2021Q4 alk Deferred Tax Assets Leasing Arrangement
DeferredTaxAssetsLeasingArrangement
374000000 USD
CY2020Q4 alk Deferred Tax Assets Leasing Arrangement
DeferredTaxAssetsLeasingArrangement
381000000 USD
CY2021Q4 alk Deferred Tax Assets Leasehold Maintenance
DeferredTaxAssetsLeaseholdMaintenance
-40000000 USD
CY2020Q4 alk Deferred Tax Assets Leasehold Maintenance
DeferredTaxAssetsLeaseholdMaintenance
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CY2021Q4 us-gaap Deferred Tax Assets Other
DeferredTaxAssetsOther
34000000 USD
CY2020Q4 us-gaap Deferred Tax Assets Other
DeferredTaxAssetsOther
103000000 USD
CY2021Q4 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
1033000000 USD
CY2020Q4 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
1201000000 USD
CY2021Q4 us-gaap Operating Loss Carryforwards Valuation Allowance
OperatingLossCarryforwardsValuationAllowance
20000000 USD
CY2020Q4 us-gaap Operating Loss Carryforwards Valuation Allowance
OperatingLossCarryforwardsValuationAllowance
19000000 USD
CY2021Q4 us-gaap Deferred Tax Liabilities
DeferredTaxLiabilities
578000000 USD
CY2020Q4 us-gaap Deferred Tax Liabilities
DeferredTaxLiabilities
407000000 USD
CY2021 us-gaap Income Taxes Paid
IncomeTaxesPaid
52000000 USD
CY2021Q4 us-gaap Taxes Payable Current And Noncurrent
TaxesPayableCurrentAndNoncurrent
21000000 USD
CY2021Q4 us-gaap Operating Loss Carryforwards Valuation Allowance
OperatingLossCarryforwardsValuationAllowance
20000000 USD
CY2021 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
40000000 USD
CY2020 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
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CY2019 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
26000000 USD
CY2021 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
16000000 USD
CY2020 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
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CY2019 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
13000000 USD
CY2021 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
56000000 USD
CY2020 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
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CY2019 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
39000000 USD
CY2021 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
80000000 USD
CY2020 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
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CY2019 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
175000000 USD
CY2021 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
15000000 USD
CY2020 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
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CY2019 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
33000000 USD
CY2021 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
95000000 USD
CY2020 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
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CY2019 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
208000000 USD
CY2021 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
151000000 USD
CY2020 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
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CY2019 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
247000000 USD
CY2021 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.21
CY2021 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
629000000 USD
CY2020 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-1840000000 USD
CY2019 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
1016000000 USD
CY2021 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
132000000 USD
CY2020 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
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CY2019 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
213000000 USD
CY2021 us-gaap Income Tax Reconciliation Nondeductible Expense
IncomeTaxReconciliationNondeductibleExpense
10000000 USD
CY2020 us-gaap Income Tax Reconciliation Nondeductible Expense
IncomeTaxReconciliationNondeductibleExpense
9000000 USD
CY2019 us-gaap Income Tax Reconciliation Nondeductible Expense
IncomeTaxReconciliationNondeductibleExpense
9000000 USD
CY2021 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
20000000 USD
CY2020 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
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CY2019 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
36000000 USD
CY2021 us-gaap Income Tax Reconciliation Change In Enacted Tax Rate
IncomeTaxReconciliationChangeInEnactedTaxRate
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CY2020 us-gaap Income Tax Reconciliation Change In Enacted Tax Rate
IncomeTaxReconciliationChangeInEnactedTaxRate
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CY2019 us-gaap Income Tax Reconciliation Change In Enacted Tax Rate
IncomeTaxReconciliationChangeInEnactedTaxRate
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CY2021 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
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1000000 USD
CY2020 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
18000000 USD
CY2019 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
0 USD
CY2021 us-gaap Income Tax Reconciliation Other Reconciling Items
IncomeTaxReconciliationOtherReconcilingItems
2000000 USD
CY2020 us-gaap Income Tax Reconciliation Other Reconciling Items
IncomeTaxReconciliationOtherReconcilingItems
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CY2019 us-gaap Income Tax Reconciliation Other Reconciling Items
IncomeTaxReconciliationOtherReconcilingItems
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CY2021 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
151000000 USD
CY2020 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
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CY2019 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
247000000 USD
CY2021 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.240
CY2020 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.280
CY2019 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.243
CY2021 us-gaap Income Tax Reconciliation Change In Enacted Tax Rate
IncomeTaxReconciliationChangeInEnactedTaxRate
-14000000 USD
CY2020 us-gaap Income Tax Reconciliation Change In Enacted Tax Rate
IncomeTaxReconciliationChangeInEnactedTaxRate
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CY2020Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
35000000 USD
CY2019Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
40000000 USD
CY2018Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
40000000 USD
CY2021 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions
3000000 USD
CY2020 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions
1000000 USD
CY2019 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
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CY2021 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
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0 USD
CY2020 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsDecreasesResultingFromPriorPeriodTaxPositions
1000000 USD
CY2019 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsDecreasesResultingFromPriorPeriodTaxPositions
1000000 USD
CY2021 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
3000000 USD
CY2020 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
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0 USD
CY2019 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
2000000 USD
CY2021 us-gaap Unrecognized Tax Benefits Decreases Resulting From Settlements With Taxing Authorities
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0 USD
CY2020 us-gaap Unrecognized Tax Benefits Decreases Resulting From Settlements With Taxing Authorities
UnrecognizedTaxBenefitsDecreasesResultingFromSettlementsWithTaxingAuthorities
4000000 USD
CY2019 us-gaap Unrecognized Tax Benefits Decreases Resulting From Settlements With Taxing Authorities
UnrecognizedTaxBenefitsDecreasesResultingFromSettlementsWithTaxingAuthorities
0 USD
CY2021 us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
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0 USD
CY2020 us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
UnrecognizedTaxBenefitsReductionsResultingFromLapseOfApplicableStatuteOfLimitations
1000000 USD
CY2019 us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
UnrecognizedTaxBenefitsReductionsResultingFromLapseOfApplicableStatuteOfLimitations
1000000 USD
CY2021Q4 us-gaap Unrecognized Tax Benefits
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41000000 USD
CY2020Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
35000000 USD
CY2019Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
40000000 USD
CY2021Q4 us-gaap Unrecognized Tax Benefits
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41000000 USD
CY2021Q4 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
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34000000 USD
CY2021Q4 us-gaap Income Tax Examination Penalties And Interest Accrued
IncomeTaxExaminationPenaltiesAndInterestAccrued
8000000 USD
CY2020Q4 us-gaap Income Tax Examination Penalties And Interest Accrued
IncomeTaxExaminationPenaltiesAndInterestAccrued
6000000 USD
CY2018Q4 us-gaap Income Tax Examination Penalties And Interest Accrued
IncomeTaxExaminationPenaltiesAndInterestAccrued
7000000 USD
CY2021 us-gaap Income Tax Examination Penalties And Interest Expense
IncomeTaxExaminationPenaltiesAndInterestExpense
2000000 USD
CY2020 us-gaap Income Tax Examination Penalties And Interest Expense
IncomeTaxExaminationPenaltiesAndInterestExpense
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CY2019 us-gaap Income Tax Examination Penalties And Interest Expense
IncomeTaxExaminationPenaltiesAndInterestExpense
1000000 USD
CY2021 us-gaap Unrecognized Tax Benefits Period Increase Decrease
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6000000 USD
CY2021 alk Numberof Qualified Defined Benefit Plans
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4 plan
CY2021 alk Numberof Non Qualified Defined Benefit Plans
NumberofNonQualifiedDefinedBenefitPlans
1 plan
CY2021 alk Numberof Defined Contribution Plans
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7 plan
CY2021 alk Numberof Qualified Defined Benefit Plans
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4 plan
CY2021Q4 us-gaap Defined Benefit Plan Pension Plan With Projected Benefit Obligation In Excess Of Plan Assets Projected Benefit Obligation
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1750000000 USD
CY2020Q4 us-gaap Defined Benefit Plan Pension Plan With Projected Benefit Obligation In Excess Of Plan Assets Projected Benefit Obligation
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2207000000 USD
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1685000000 USD
CY2020Q4 us-gaap Defined Benefit Plan Pension Plans With Accumulated Benefit Obligations In Excess Of Plan Assets Aggregate Accumulated Benefit Obligation
DefinedBenefitPlanPensionPlansWithAccumulatedBenefitObligationsInExcessOfPlanAssetsAggregateAccumulatedBenefitObligation
2057000000 USD
CY2021Q4 us-gaap Defined Benefit Plan Pension Plans With Accumulated Benefit Obligations In Excess Of Plan Assets Aggregate Fair Value Of Plan Assets
DefinedBenefitPlanPensionPlansWithAccumulatedBenefitObligationsInExcessOfPlanAssetsAggregateFairValueOfPlanAssets
1595000000 USD
CY2020Q4 us-gaap Defined Benefit Plan Pension Plans With Accumulated Benefit Obligations In Excess Of Plan Assets Aggregate Fair Value Of Plan Assets
DefinedBenefitPlanPensionPlansWithAccumulatedBenefitObligationsInExcessOfPlanAssetsAggregateFairValueOfPlanAssets
1710000000 USD
CY2021 us-gaap Defined Benefit Plan Special Termination Benefits
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KPMG LLP
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AuditorLocation
Seattle, WA
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AuditorFirmId
185

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