$ALK
ALASKA AIR GROUP, INC. Stock $alk

$alk Overview Financials Valuation SEC Filings Company Website

2023 Q3 Form 10-Q Financial Statement

#000076642123000034 Filed on August 02, 2023

Income Statement

Concept	2023 Q3	2023 Q2
Revenue	$2.839B	$2.838B
YoY Change	0.39%	6.77%
Cost Of Revenue	$1.263B	$1.128B
YoY Change	-9.4%	-11.25%
Gross Profit	$1.576B	$1.710B
YoY Change	9.9%	23.29%
Gross Profit Margin	55.51%	60.25%
Selling, General & Admin	$911.0M	$892.0M
YoY Change	11.64%	15.39%
% of Gross Profit	57.8%	52.16%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$113.0M	$113.0M
YoY Change	8.65%	8.65%
% of Gross Profit	7.17%	6.61%
Operating Expenses	$2.628B	$1.187B
YoY Change	133.19%	-51.96%
Operating Profit	$211.0M	$523.0M
YoY Change	-31.27%	179.68%
Interest Expense	-$4.000M	$1.000M
YoY Change	-63.64%	-108.33%
% of Operating Profit	-1.9%	0.19%
Other Income/Expense, Net	-$18.00M	-$7.000M
YoY Change	-228.57%	250.0%
Pretax Income	$193.0M	$325.0M
YoY Change	196.92%	75.68%
Income Tax	$54.00M	$85.00M
% Of Pretax Income	27.98%	26.15%
Net Earnings	$139.0M	$240.0M
YoY Change	247.5%	72.66%
Net Earnings / Revenue	4.9%	8.46%
Basic Earnings Per Share	$1.09	$1.88
Diluted Earnings Per Share	$1.08	$1.86
COMMON SHARES
Basic Shares Outstanding	127.2M shares	127.9M shares
Diluted Shares Outstanding	129.2M shares	128.9M shares

Balance Sheet

Concept	2023 Q3	2023 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments	$2.451B	$2.442B
YoY Change	-22.19%	-28.7%
Cash & Equivalents	$647.0M	$536.0M
Short-Term Investments	$1.804B	$1.906B
Other Short-Term Assets	$158.0M	$344.0M
YoY Change	-28.51%	9.9%
Inventory	$122.0M	$107.0M
Prepaid Expenses	$187.0M
Receivables	$341.0M	$351.0M
Other Receivables	$0.00	$0.00
Total Short-Term Assets	$3.644B	$3.244B
YoY Change	-4.36%	-23.35%
LONG-TERM ASSETS
Property, Plant & Equipment	$8.026B	$9.281B
YoY Change	-2.82%	43.42%
Goodwill	$2.034B	$2.036B
YoY Change	-0.29%	-0.24%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets	$290.0M	$268.0M
YoY Change	-31.28%	-30.75%
Total Long-Term Assets	$11.52B	$11.59B
YoY Change	7.46%	9.62%
TOTAL ASSETS
Total Short-Term Assets	$3.644B	$3.244B
Total Long-Term Assets	$11.52B	$11.59B
Total Assets	$15.17B	$14.83B
YoY Change	4.36%	0.2%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$229.0M	$212.0M
YoY Change	13.37%	-25.87%
Accrued Expenses	$806.0M	$1.611B
YoY Change	-51.18%	102.9%
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$0.00
YoY Change
Long-Term Debt Due	$284.0M	$572.0M
YoY Change	-11.53%	67.25%
Total Short-Term Liabilities	$5.074B	$5.176B
YoY Change	7.75%	5.59%
LONG-TERM LIABILITIES
Long-Term Debt	$2.128B	$1.889B
YoY Change	12.65%	-3.67%
Other Long-Term Liabilities	$361.0M	$3.207B
YoY Change	-89.79%	808.5%
Total Long-Term Liabilities	$2.489B	$5.096B
YoY Change	-54.12%	120.22%
TOTAL LIABILITIES
Total Short-Term Liabilities	$5.074B	$5.176B
Total Long-Term Liabilities	$2.489B	$5.096B
Total Liabilities	$7.563B	$10.88B
YoY Change	-29.35%	50.75%
SHAREHOLDERS EQUITY
Retained Earnings	$4.537B	$4.398B
YoY Change	6.05%	3.78%
Common Stock	$660.0M	$649.0M
YoY Change	20.0%	19.52%
Preferred Stock
YoY Change
Treasury Stock (at cost)	$744.0M	$731.0M
YoY Change	10.39%	8.46%
Treasury Stock Shares
Shareholders Equity	$4.093B	$3.951B
YoY Change
Total Liabilities & Shareholders Equity	$15.17B	$14.83B
YoY Change	4.36%	0.2%

Cashflow Statement

Concept	2023 Q3	2023 Q2
OPERATING ACTIVITIES
Net Income	$139.0M	$240.0M
YoY Change	247.5%	72.66%
Depreciation, Depletion And Amortization	$113.0M	$113.0M
YoY Change	8.65%	8.65%
Cash From Operating Activities	$271.0M	$610.0M
YoY Change	55.75%	-35.65%
INVESTING ACTIVITIES
Capital Expenditures	$357.0M	$537.0M
YoY Change	-214.06%	-255.65%
Acquisitions
YoY Change
Other Investing Activities	$26.00M	-$2.000M
YoY Change	-82.19%	-99.52%
Cash From Investing Activities	-$331.0M	-$539.0M
YoY Change	98.2%	-29.08%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities	177.0M	-51.00M
YoY Change	-296.67%	34.21%
NET CHANGE
Cash From Operating Activities	271.0M	610.0M
Cash From Investing Activities	-331.0M	-539.0M
Cash From Financing Activities	177.0M	-51.00M
Net Change In Cash	117.0M	20.00M
YoY Change	-240.96%	-86.67%
FREE CASH FLOW
Cash From Operating Activities	$271.0M	$610.0M
Capital Expenditures	$357.0M	$537.0M
Free Cash Flow	-$86.00M	$73.00M
YoY Change	-117.66%	-94.35%

Facts In Submission

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	us-gaap	Other Comprehensive Income Loss Before Reclassifications Net Of Tax OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax	8000000	usd
CY2022Q1	us-gaap	Aoci Tax Attributable To Parent AociTaxAttributableToParent	93000000	usd
CY2022Q1	us-gaap	Accumulated Other Comprehensive Income Loss Net Of Tax AccumulatedOtherComprehensiveIncomeLossNetOfTax	-292000000	usd
	us-gaap	Reclassification From Aoci Current Period Tax ReclassificationFromAociCurrentPeriodTax	1000000	usd
CY2022Q2	us-gaap	Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax	2000000	usd
CY2022Q2	us-gaap	Other Comprehensive Income Loss Tax OtherComprehensiveIncomeLossTax	4000000	usd
CY2022Q2	us-gaap	Other Comprehensive Income Loss Before Reclassifications Net Of Tax OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax	-18000000	usd
CY2021Q4	us-gaap	Aoci Tax Attributable To Parent AociTaxAttributableToParent	83000000	usd
CY2021Q4	us-gaap	Accumulated Other Comprehensive Income Loss Net Of Tax AccumulatedOtherComprehensiveIncomeLossNetOfTax	-262000000	usd
	us-gaap	Reclassification From Aoci Current Period Tax ReclassificationFromAociCurrentPeriodTax	1000000	usd
	us-gaap	Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax	5000000	usd
	us-gaap	Other Comprehensive Income Loss Tax OtherComprehensiveIncomeLossTax	14000000	usd
	us-gaap	Other Comprehensive Income Loss Before Reclassifications Net Of Tax OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax	-51000000	usd
CY2023Q2	us-gaap	Revenue From Contract With Customer Excluding Assessed Tax RevenueFromContractWithCustomerExcludingAssessedTax	2838000000	usd
CY2023Q2	alk	Operating Expenses Excluding Fuel OperatingExpensesExcludingFuel	1928000000	usd
CY2023Q2	us-gaap	Fuel Costs FuelCosts	573000000	usd
CY2023Q2	us-gaap	Operating Expenses OperatingExpenses	2501000000	usd
CY2023Q2	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	-12000000	usd
CY2023Q2	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	325000000	usd
CY2023Q2	alk	Pretax Margin Adjusted PretaxMarginAdjusted	0.183
CY2023Q2	alk	Pretax Margin Gaap PretaxMarginGAAP	0.115
CY2022Q2	us-gaap	Revenue From Contract With Customer Excluding Assessed Tax RevenueFromContractWithCustomerExcludingAssessedTax	2658000000	usd
CY2022Q2	alk	Operating Expenses Excluding Fuel OperatingExpensesExcludingFuel	1695000000	usd
CY2022Q2	us-gaap	Fuel Costs FuelCosts	776000000	usd
CY2022Q2	us-gaap	Operating Expenses OperatingExpenses	2471000000	usd
CY2022Q2	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	-2000000	usd
CY2022Q2	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	185000000	usd
CY2022Q2	alk	Pretax Margin Adjusted PretaxMarginAdjusted	0.140
CY2022Q2	alk	Pretax Margin Gaap PretaxMarginGAAP	0.070
	us-gaap	Revenue From Contract With Customer Excluding Assessed Tax RevenueFromContractWithCustomerExcludingAssessedTax	5034000000	usd
	alk	Operating Expenses Excluding Fuel OperatingExpensesExcludingFuel	3645000000	usd
	us-gaap	Fuel Costs FuelCosts	1238000000	usd
	us-gaap	Operating Expenses OperatingExpenses	4883000000	usd
	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	-25000000	usd
	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	126000000	usd
	alk	Pretax Margin Adjusted PretaxMarginAdjusted	0.080
	alk	Pretax Margin Gaap PretaxMarginGAAP	0.025
	us-gaap	Revenue From Contract With Customer Excluding Assessed Tax RevenueFromContractWithCustomerExcludingAssessedTax	4339000000	usd
	alk	Operating Expenses Excluding Fuel OperatingExpensesExcludingFuel	3231000000	usd
	us-gaap	Fuel Costs FuelCosts	1123000000	usd
	us-gaap	Operating Expenses OperatingExpenses	4354000000	usd
	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	-6000000	usd
	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	-21000000	usd
	alk	Pretax Margin Adjusted PretaxMarginAdjusted	0.031
	alk	Pretax Margin Gaap PretaxMarginGAAP	-0.005
CY2023Q2	us-gaap	Assets Assets	14829000000	usd
CY2022Q4	us-gaap	Assets Assets	14186000000	usd
	ecd	Rule10b51 Arr Adopted Flag Rule10b51ArrAdoptedFlag	true
CY2023Q2	ecd	Trd Arr Securities Agg Avail Amt TrdArrSecuritiesAggAvailAmt	20000	shares
CY2023Q2	ecd	Trd Arr Securities Agg Avail Amt TrdArrSecuritiesAggAvailAmt	20000	shares

Files In Submission

Name	View Source	Status
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0000766421-23-000034-index.html	Edgar Link	pending
0000766421-23-000034.txt	Edgar Link	pending
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alk-20230630.htm	Edgar Link	pending
alk-20230630.xsd	Edgar Link	pending
alk10-q22023ex311.htm	Edgar Link	pending
alk10-q22023ex312.htm	Edgar Link	pending
alk10-q22023ex321.htm	Edgar Link	pending
alk10-q22023ex322.htm	Edgar Link	pending
Financial_Report.xlsx	Edgar Link	pending
MetaLinks.json	Edgar Link	pending
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R25.htm	Edgar Link	pending
alk-20230630_def.xml	Edgar Link	unprocessable
alk-20230630_cal.xml	Edgar Link	unprocessable
alk-20230630_lab.xml	Edgar Link	unprocessable
alk-20230630_pre.xml	Edgar Link	unprocessable
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alk-20230630_htm.xml	Edgar Link	completed
R26.htm	Edgar Link	pending
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R7.htm	Edgar Link	pending
R8.htm	Edgar Link	pending
R9.htm	Edgar Link	pending
R9999.htm	Edgar Link	pending
report.css	Edgar Link	pending
Show.js	Edgar Link	pending

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$ALK
ALASKA AIR GROUP, INC. Stock $alk

2023 Q3 Form 10-Q Financial Statement

#000076642123000034 Filed on August 02, 2023

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$ALK ALASKA AIR GROUP, INC. Stock $alk

2023 Q3 Form 10-Q Financial Statement

#000076642123000034 Filed on August 02, 2023

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$ALK
ALASKA AIR GROUP, INC. Stock $alk