2023 Q1 Form 10-K Financial Statement

#000076642123000009 Filed on February 13, 2023

View on sec.gov

Income Statement

Concept 2023 Q1 2022 Q4 2022
Revenue $2.196B $2.479B $9.646B
YoY Change 30.64% 30.54% 56.19%
Cost Of Revenue $1.201B $1.153B $4.672B
YoY Change 40.63% 31.62% 58.27%
Gross Profit $995.0M $1.326B $4.974B
YoY Change 20.31% 29.62% 54.28%
Gross Profit Margin 45.31% 53.49% 51.57%
Selling, General & Admin $836.0M $903.0M $3.192B
YoY Change 19.43% 23.87% 24.54%
% of Gross Profit 84.02% 68.1% 64.17%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $104.0M $105.0M $415.0M
YoY Change 1.96% 5.0% 5.33%
% of Gross Profit 10.45% 7.92% 8.34%
Operating Expenses $1.117B $1.189B $4.324B
YoY Change -40.68% 20.34% -21.25%
Operating Profit -$122.0M $137.0M $650.0M
YoY Change -39.6% 291.43% -5.11%
Interest Expense -$4.000M $0.00 -$41.00M
YoY Change -77.78% -100.0% -132.03%
% of Operating Profit 0.0% -6.31%
Other Income/Expense, Net -$9.000M $12.00M $50.00M
YoY Change 125.0% 33.33% -189.29%
Pretax Income -$199.0M $35.00M $79.00M
YoY Change -3.4% 20.69% -87.44%
Income Tax -$57.00M $13.00M $21.00M
% Of Pretax Income 37.14% 26.58%
Net Earnings -$142.0M $22.00M $58.00M
YoY Change -0.7% 22.22% -87.87%
Net Earnings / Revenue -6.47% 0.89% 0.6%
Basic Earnings Per Share -$1.11 $0.46
Diluted Earnings Per Share -$1.11 $171.2K $453.5K
COMMON SHARES
Basic Shares Outstanding 127.5M shares 126.8M shares 126.7M shares
Diluted Shares Outstanding 127.5M shares 127.9M shares

Balance Sheet

Concept 2023 Q1 2022 Q4 2022
SHORT-TERM ASSETS
Cash & Short-Term Investments $2.429B $2.417B $2.417B
YoY Change -15.95% -21.27% -22.43%
Cash & Equivalents $516.0M $338.0M $338.0M
Short-Term Investments $1.913B $2.079B $2.079B
Other Short-Term Assets $225.0M $223.0M $223.0M
YoY Change -35.34% 13.78% 13.78%
Inventory $105.0M $104.0M $104.0M
Prepaid Expenses $163.0M
Receivables $340.0M $296.0M $296.0M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $3.099B $3.040B $3.040B
YoY Change -22.02% -22.45% -22.45%
LONG-TERM ASSETS
Property, Plant & Equipment $8.786B $8.823B $8.823B
YoY Change 40.76% 43.74% 16.23%
Goodwill $2.037B $2.038B
YoY Change -0.24% -0.29%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $374.0M $380.0M $380.0M
YoY Change -9.0% -4.04% -4.04%
Total Long-Term Assets $11.20B $11.24B $11.24B
YoY Change 9.39% 12.06% 12.06%
TOTAL ASSETS
Total Short-Term Assets $3.099B $3.040B $3.040B
Total Long-Term Assets $11.20B $11.24B $11.24B
Total Assets $14.30B $14.28B $14.28B
YoY Change 0.61% 2.37% 2.37%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $206.0M $221.0M $221.0M
YoY Change -31.1% 10.5% 10.5%
Accrued Expenses $1.552B $1.712B $1.712B
YoY Change 135.51% 173.92% 26.81%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $268.0M $276.0M $276.0M
YoY Change -8.22% -24.59% -24.59%
Total Short-Term Liabilities $4.857B $4.512B $4.512B
YoY Change 6.28% 13.05% 13.05%
LONG-TERM LIABILITIES
Long-Term Debt $1.795B $1.883B $1.883B
YoY Change -13.62% -13.35% -13.35%
Other Long-Term Liabilities $3.432B $3.496B $3.496B
YoY Change 845.45% 824.87% 2.58%
Total Long-Term Liabilities $5.227B $5.379B $5.379B
YoY Change 114.13% 110.86% -3.62%
TOTAL LIABILITIES
Total Short-Term Liabilities $4.857B $4.512B $4.512B
Total Long-Term Liabilities $5.227B $5.379B $5.379B
Total Liabilities $10.61B $10.47B $10.47B
YoY Change 51.29% 59.97% 3.1%
SHAREHOLDERS EQUITY
Retained Earnings $4.158B $4.300B
YoY Change 1.44% 1.37%
Common Stock $588.0M $578.0M
YoY Change 16.67% 16.77%
Preferred Stock
YoY Change
Treasury Stock (at cost) $692.0M $674.0M
YoY Change 2.67% 0.0%
Treasury Stock Shares 9.350M shares
Shareholders Equity $3.689B $3.816B $3.816B
YoY Change
Total Liabilities & Shareholders Equity $14.30B $14.28B $14.28B
YoY Change 0.61% 2.37% 2.37%

Cashflow Statement

Concept 2023 Q1 2022 Q4 2022
OPERATING ACTIVITIES
Net Income -$142.0M $22.00M $58.00M
YoY Change -0.7% 22.22% -87.87%
Depreciation, Depletion And Amortization $104.0M $105.0M $415.0M
YoY Change 1.96% 5.0% 5.33%
Cash From Operating Activities $222.0M $9.000M $1.418B
YoY Change -22.65% -93.02% 37.67%
INVESTING ACTIVITIES
Capital Expenditures $124.0M -$722.0M -$1.671B
YoY Change -56.94% 587.62% -672.26%
Acquisitions
YoY Change
Other Investing Activities $184.0M $392.0M $453.0M
YoY Change 18300.0% 880.0% 3675.0%
Cash From Investing Activities $60.00M -$330.0M -$1.218B
YoY Change 53.85% 407.69% 20.83%
FINANCING ACTIVITIES
Cash Dividend Paid $0.00
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net $96.00M $385.0M
YoY Change -43.53% -70.38%
Cash From Financing Activities -114.0M -29.00M -325.0M
YoY Change -32.14% -67.42% -64.44%
NET CHANGE
Cash From Operating Activities 222.0M 9.000M 1.418B
Cash From Investing Activities 60.00M -330.0M -1.218B
Cash From Financing Activities -114.0M -29.00M -325.0M
Net Change In Cash 168.0M -350.0M -125.0M
YoY Change 6.33% 1300.0% -85.99%
FREE CASH FLOW
Cash From Operating Activities $222.0M $9.000M $1.418B
Capital Expenditures $124.0M -$722.0M -$1.671B
Free Cash Flow $98.00M $731.0M $3.089B
YoY Change -9900.0% 212.39% 318.56%

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CY2022 us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax
8000000 usd
CY2022 us-gaap Other Comprehensive Income Loss Before Reclassifications Net Of Tax
OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax
-134000000 usd
CY2022Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-388000000 usd
CY2022 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
35000000 usd
CY2021 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
44000000 usd
CY2020 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
34000000 usd
CY2022 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
9000000 usd
CY2021 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
11000000 usd
CY2020 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
8000000 usd
CY2022Q4 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
15000000 usd
CY2022 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
P1Y2M12D
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Authorized
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAuthorized
20000000 shares
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Available For Grant
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant
12076777 shares
CY2022 us-gaap Revenues
Revenues
9646000000 usd
CY2022 alk Operating Expenses Excluding Fuel
OperatingExpensesExcludingFuel
6908000000 usd
CY2022 us-gaap Fuel Costs
FuelCosts
2668000000 usd
CY2022 us-gaap Operating Expenses
OperatingExpenses
9576000000 usd
CY2022 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
9000000 usd
CY2022 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
79000000 usd
CY2022 alk Pretax Margin Adjusted
PretaxMarginAdjusted
0.076
CY2022 alk Pretax Margin Gaap
PretaxMarginGAAP
0.008
CY2021 us-gaap Revenues
Revenues
6176000000 usd
CY2021 alk Operating Expenses Excluding Fuel
OperatingExpensesExcludingFuel
4212000000 usd
CY2021 us-gaap Fuel Costs
FuelCosts
1279000000 usd
CY2021 us-gaap Operating Expenses
OperatingExpenses
5491000000 usd
CY2021 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-56000000 usd
CY2021 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
629000000 usd
CY2021 alk Pretax Margin Adjusted
PretaxMarginAdjusted
-0.056
CY2021 alk Pretax Margin Gaap
PretaxMarginGAAP
0.102
CY2020 us-gaap Revenues
Revenues
3566000000 usd
CY2020 alk Operating Expenses Excluding Fuel
OperatingExpensesExcludingFuel
4618000000 usd
CY2020 us-gaap Fuel Costs
FuelCosts
723000000 usd
CY2020 us-gaap Operating Expenses
OperatingExpenses
5341000000 usd
CY2020 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-65000000 usd
CY2020 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-1840000000 usd
CY2020 alk Pretax Margin Adjusted
PretaxMarginAdjusted
-0.491
CY2020 alk Pretax Margin Gaap
PretaxMarginGAAP
-0.516
CY2022 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
415000000 usd
CY2021 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
394000000 usd
CY2020 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
420000000 usd
CY2022 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
1671000000 usd
CY2021 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
292000000 usd
CY2020 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
222000000 usd
CY2022Q4 us-gaap Assets
Assets
14186000000 usd
CY2021Q4 us-gaap Assets
Assets
13951000000 usd
CY2022 dei Auditor Name
AuditorName
KPMG LLP
CY2022 dei Auditor Location
AuditorLocation
Seattle, WA
CY2022 dei Auditor Firm
AuditorFirmId
185

Files In Submission

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alk-20221231_cal.xml Edgar Link unprocessable
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0000766421-23-000009-index.html Edgar Link pending
0000766421-23-000009.txt Edgar Link pending
0000766421-23-000009-xbrl.zip Edgar Link pending
alk-20221231.htm Edgar Link pending
alk-20221231.xsd Edgar Link pending
alk-20221231_g1.jpg Edgar Link pending
alk10-k12312022ex21.htm Edgar Link pending
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alk-20221231_def.xml Edgar Link unprocessable
alk-20221231_lab.xml Edgar Link unprocessable
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alk-20221231_htm.xml Edgar Link completed
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