2024 Q2 Form 10-Q Financial Statement
#000076642124000031 Filed on May 03, 2024
Income Statement
| Concept | 2024 Q2 | 2024 Q1 | 2023 Q4 |
|---|---|---|---|
| Revenue | $2.897B | $2.232B | $2.553B |
| YoY Change | 2.08% | 1.64% | 2.99% |
| Cost Of Revenue | $1.200B | $1.108B | $1.273B |
| YoY Change | 6.38% | -7.74% | 10.41% |
| Gross Profit | $1.697B | $1.124B | $1.280B |
| YoY Change | -0.76% | 12.96% | -3.47% |
| Gross Profit Margin | 58.58% | 50.36% | 50.14% |
| Selling, General & Admin | $915.0M | $925.0M | $905.0M |
| YoY Change | 2.58% | 10.65% | 0.22% |
| % of Gross Profit | 53.92% | 82.3% | 70.7% |
| Research & Development | |||
| YoY Change | |||
| % of Gross Profit | |||
| Depreciation & Amortization | $128.0M | $126.0M | $121.0M |
| YoY Change | 13.27% | 21.15% | 15.24% |
| % of Gross Profit | 7.54% | 11.21% | 9.45% |
| Operating Expenses | $1.229B | $2.398B | $1.211B |
| YoY Change | 3.54% | 114.68% | 1.85% |
| Operating Profit | $468.0M | -$166.0M | $69.00M |
| YoY Change | -10.52% | 36.07% | -49.64% |
| Interest Expense | -$6.000M | -$12.00M | -$7.000M |
| YoY Change | -700.0% | 200.0% | |
| % of Operating Profit | -1.28% | -10.14% | |
| Other Income/Expense, Net | $0.00 | -$12.00M | -$17.00M |
| YoY Change | -100.0% | 33.33% | -241.67% |
| Pretax Income | $316.0M | -$178.0M | $4.000M |
| YoY Change | -2.77% | -10.55% | -88.57% |
| Income Tax | $96.00M | -$46.00M | $6.000M |
| % Of Pretax Income | 30.38% | 150.0% | |
| Net Earnings | $220.0M | -$132.0M | -$2.000M |
| YoY Change | -8.33% | -7.04% | -109.09% |
| Net Earnings / Revenue | 7.59% | -5.91% | -0.08% |
| Basic Earnings Per Share | $1.74 | -$1.05 | |
| Diluted Earnings Per Share | $1.72 | -$1.05 | -$0.02 |
| COMMON SHARES | |||
| Basic Shares Outstanding | 126.9M shares | 126.0M shares | 128.1M shares |
| Diluted Shares Outstanding | 128.3M shares | 126.0M shares |
Balance Sheet
| Concept | 2024 Q2 | 2024 Q1 | 2023 Q4 |
|---|---|---|---|
| SHORT-TERM ASSETS | |||
| Cash & Short-Term Investments | $2.509B | $2.278B | $1.791B |
| YoY Change | 2.74% | -6.22% | -25.9% |
| Cash & Equivalents | $1.115B | $885.0M | $281.0M |
| Short-Term Investments | $1.394B | $1.393B | $1.510B |
| Other Short-Term Assets | $391.0M | $186.0M | $415.0M |
| YoY Change | 13.66% | -17.33% | 86.1% |
| Inventory | $106.0M | $104.0M | $116.0M |
| Prepaid Expenses | $179.0M | $177.0M | $176.0M |
| Receivables | $370.0M | $384.0M | $383.0M |
| Other Receivables | $0.00 | $0.00 | $0.00 |
| Total Short-Term Assets | $3.376B | $3.129B | $2.705B |
| YoY Change | 4.07% | 0.97% | -11.02% |
| LONG-TERM ASSETS | |||
| Property, Plant & Equipment | $9.663B | $8.194B | $9.583B |
| YoY Change | 4.12% | -6.74% | 8.61% |
| Goodwill | $2.033B | $2.033B | $2.033B |
| YoY Change | -0.15% | -0.2% | -0.25% |
| Intangibles | $90.00M | ||
| YoY Change | |||
| Long-Term Investments | |||
| YoY Change | |||
| Other Assets | $270.0M | $283.0M | $292.0M |
| YoY Change | 0.75% | -24.33% | -23.16% |
| Total Long-Term Assets | $11.97B | $11.68B | $11.91B |
| YoY Change | 3.29% | 4.35% | 5.93% |
| TOTAL ASSETS | |||
| Total Short-Term Assets | $3.376B | $3.129B | $2.705B |
| Total Long-Term Assets | $11.97B | $11.68B | $11.91B |
| Total Assets | $15.34B | $14.81B | $14.61B |
| YoY Change | 3.46% | 3.62% | 2.32% |
| SHORT-TERM LIABILITIES | |||
| YoY Change | |||
| Accounts Payable | $203.0M | $181.0M | $207.0M |
| YoY Change | -4.25% | -12.14% | -6.33% |
| Accrued Expenses | $1.518B | $791.0M | $1.542B |
| YoY Change | -5.77% | -49.03% | -9.93% |
| Deferred Revenue | |||
| YoY Change | |||
| Short-Term Debt | $0.00 | $0.00 | $0.00 |
| YoY Change | |||
| Long-Term Debt Due | $359.0M | $301.0M | $353.0M |
| YoY Change | -37.24% | 12.31% | 27.9% |
| Total Short-Term Liabilities | $4.968B | $4.829B | $4.459B |
| YoY Change | -4.02% | -0.58% | -1.17% |
| LONG-TERM LIABILITIES | |||
| Long-Term Debt | $2.313B | $2.264B | $2.182B |
| YoY Change | 22.45% | 26.13% | 15.88% |
| Other Long-Term Liabilities | $3.089B | $311.0M | $3.164B |
| YoY Change | -3.68% | -90.94% | -9.5% |
| Total Long-Term Liabilities | $5.402B | $2.575B | $5.346B |
| YoY Change | 6.0% | -50.74% | -0.61% |
| TOTAL LIABILITIES | |||
| Total Short-Term Liabilities | $4.968B | $4.829B | $4.459B |
| Total Long-Term Liabilities | $5.402B | $2.575B | $5.346B |
| Total Liabilities | $11.12B | $7.404B | $10.50B |
| YoY Change | 2.19% | -30.2% | 0.33% |
| SHAREHOLDERS EQUITY | |||
| Retained Earnings | $4.623B | $4.403B | $4.535B |
| YoY Change | 5.12% | 5.89% | 5.47% |
| Common Stock | $758.0M | $708.0M | $696.0M |
| YoY Change | 16.8% | 20.41% | 20.42% |
| Preferred Stock | |||
| YoY Change | |||
| Treasury Stock (at cost) | $868.0M | $840.0M | $819.0M |
| YoY Change | 18.74% | 21.39% | 21.51% |
| Treasury Stock Shares | |||
| Shareholders Equity | $4.226B | $3.977B | $4.113B |
| YoY Change | |||
| Total Liabilities & Shareholders Equity | $15.34B | $14.81B | $14.61B |
| YoY Change | 3.46% | 3.62% | 2.32% |
Cashflow Statement
| Concept | 2024 Q2 | 2024 Q1 | 2023 Q4 |
|---|---|---|---|
| OPERATING ACTIVITIES | |||
| Net Income | $220.0M | -$132.0M | -$2.000M |
| YoY Change | -8.33% | -7.04% | -109.09% |
| Depreciation, Depletion And Amortization | $128.0M | $126.0M | $121.0M |
| YoY Change | 13.27% | 21.15% | 15.24% |
| Cash From Operating Activities | $580.0M | $292.0M | -$53.00M |
| YoY Change | -4.92% | 31.53% | -688.89% |
| INVESTING ACTIVITIES | |||
| Capital Expenditures | $499.0M | $57.00M | $503.0M |
| YoY Change | -7.08% | -54.03% | -169.67% |
| Acquisitions | |||
| YoY Change | |||
| Other Investing Activities | $46.00M | -$93.00M | $350.0M |
| YoY Change | -2400.0% | -150.54% | -10.71% |
| Cash From Investing Activities | -$453.0M | $318.0M | -$153.0M |
| YoY Change | -15.96% | 430.0% | -53.64% |
| FINANCING ACTIVITIES | |||
| Cash Dividend Paid | |||
| YoY Change | |||
| Common Stock Issuance & Retirement, Net | |||
| YoY Change | |||
| Debt Paid & Issued, Net | $102.0M | ||
| YoY Change | 6.25% | ||
| Cash From Financing Activities | 92.00M | -$5.000M | -160.0M |
| YoY Change | -280.39% | -95.61% | 451.72% |
| NET CHANGE | |||
| Cash From Operating Activities | 580.0M | $292.0M | -53.00M |
| Cash From Investing Activities | -453.0M | $318.0M | -153.0M |
| Cash From Financing Activities | 92.00M | -$5.000M | -160.0M |
| Net Change In Cash | 219.0M | $605.0M | -366.0M |
| YoY Change | 995.0% | 260.12% | 4.57% |
| FREE CASH FLOW | |||
| Cash From Operating Activities | $580.0M | $292.0M | -$53.00M |
| Capital Expenditures | $499.0M | $57.00M | $503.0M |
| Free Cash Flow | $81.00M | $235.0M | -$556.0M |
| YoY Change | 10.96% | 139.8% | -176.06% |
Facts In Submission
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| CY2024Q1 | us-gaap |
Payments To Acquire Other Property Plant And Equipment
PaymentsToAcquireOtherPropertyPlantAndEquipment
|
44000000 | usd |
| CY2023Q1 | us-gaap |
Payments To Acquire Other Property Plant And Equipment
PaymentsToAcquireOtherPropertyPlantAndEquipment
|
24000000 | usd |
| CY2024Q1 | us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
57000000 | usd |
| CY2023Q1 | us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
124000000 | usd |
| CY2024Q1 | alk |
Supplier Proceeds
SupplierProceeds
|
162000000 | usd |
| CY2023Q1 | alk |
Supplier Proceeds
SupplierProceeds
|
0 | usd |
| CY2024Q1 | us-gaap |
Payments To Acquire Marketable Securities
PaymentsToAcquireMarketableSecurities
|
13000000 | usd |
| CY2023Q1 | us-gaap |
Payments To Acquire Marketable Securities
PaymentsToAcquireMarketableSecurities
|
201000000 | usd |
| CY2024Q1 | us-gaap |
Proceeds From Sale And Maturity Of Marketable Securities
ProceedsFromSaleAndMaturityOfMarketableSecurities
|
133000000 | usd |
| CY2023Q1 | us-gaap |
Proceeds From Sale And Maturity Of Marketable Securities
ProceedsFromSaleAndMaturityOfMarketableSecurities
|
388000000 | usd |
| CY2024Q1 | us-gaap |
Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
|
-93000000 | usd |
| CY2023Q1 | us-gaap |
Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
|
3000000 | usd |
| CY2024Q1 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
318000000 | usd |
| CY2023Q1 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
60000000 | usd |
| CY2024Q1 | us-gaap |
Proceeds From Issuance Of Secured Debt
ProceedsFromIssuanceOfSecuredDebt
|
149000000 | usd |
| CY2023Q1 | us-gaap |
Proceeds From Issuance Of Secured Debt
ProceedsFromIssuanceOfSecuredDebt
|
0 | usd |
| CY2024Q1 | us-gaap |
Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
|
102000000 | usd |
| CY2023Q1 | us-gaap |
Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
|
96000000 | usd |
| CY2024Q1 | us-gaap |
Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
|
20000000 | usd |
| CY2023Q1 | us-gaap |
Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
|
18000000 | usd |
| CY2024Q1 | us-gaap |
Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
|
-32000000 | usd |
| CY2023Q1 | us-gaap |
Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
|
0 | usd |
| CY2024Q1 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
-5000000 | usd |
| CY2023Q1 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
-114000000 | usd |
| CY2024Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
605000000 | usd |
| CY2023Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
168000000 | usd |
| CY2023Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
308000000 | usd |
| CY2022Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
369000000 | usd |
| CY2024Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
913000000 | usd |
| CY2023Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
537000000 | usd |
| CY2024Q1 | us-gaap |
Interest Paid Net
InterestPaidNet
|
35000000 | usd |
| CY2023Q1 | us-gaap |
Interest Paid Net
InterestPaidNet
|
32000000 | usd |
| CY2024Q1 | us-gaap |
Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
|
13000000 | usd |
| CY2023Q1 | us-gaap |
Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
|
111000000 | usd |
| CY2024Q1 | us-gaap |
Noncash Or Part Noncash Acquisition Fixed Assets Acquired1
NoncashOrPartNoncashAcquisitionFixedAssetsAcquired1
|
45000000 | usd |
| CY2023Q1 | us-gaap |
Noncash Or Part Noncash Acquisition Fixed Assets Acquired1
NoncashOrPartNoncashAcquisitionFixedAssetsAcquired1
|
0 | usd |
| CY2024Q1 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
885000000 | usd |
| CY2023Q1 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
516000000 | usd |
| CY2024Q1 | us-gaap |
Restricted Cash And Cash Equivalents At Carrying Value
RestrictedCashAndCashEquivalentsAtCarryingValue
|
28000000 | usd |
| CY2023Q1 | us-gaap |
Restricted Cash And Cash Equivalents At Carrying Value
RestrictedCashAndCashEquivalentsAtCarryingValue
|
21000000 | usd |
| CY2024Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
913000000 | usd |
| CY2023Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
537000000 | usd |
| CY2024Q1 | alk |
Supplier Proceeds
SupplierProceeds
|
162000000 | usd |
| CY2023Q4 | alk |
Business Acquisition Amount Per Share Paid To Each Holder Of Record
BusinessAcquisitionAmountPerSharePaidToEachHolderOfRecord
|
18.00 | |
| CY2023Q4 | alk |
Business Acquisition Amount Paid To Each Holder Of Record
BusinessAcquisitionAmountPaidToEachHolderOfRecord
|
1000000000 | usd |
| CY2024Q1 | us-gaap |
Business Combination Acquisition Related Costs
BusinessCombinationAcquisitionRelatedCosts
|
8000000 | usd |
| CY2023Q4 | us-gaap |
Long Term Debt Percentage Bearing Variable Interest Rate
LongTermDebtPercentageBearingVariableInterestRate
|
0.068 | |
| CY2024Q1 | us-gaap |
Debt Weighted Average Interest Rate
DebtWeightedAverageInterestRate
|
0.046 | |
| CY2024Q1 | us-gaap |
Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
|
195000000 | usd |
| CY2024Q1 | alk |
Pretax Margin Adjusted
PretaxMarginAdjusted
|
-0.070 | |
| CY2024Q1 | us-gaap |
Available For Sale Debt Securities Amortized Cost Basis
AvailableForSaleDebtSecuritiesAmortizedCostBasis
|
1400000000 | usd |
| CY2024Q1 | us-gaap |
Available For Sale Securities Debt Maturities Next Rolling Twelve Months Amortized Cost Basis
AvailableForSaleSecuritiesDebtMaturitiesNextRollingTwelveMonthsAmortizedCostBasis
|
443000000 | usd |
| CY2024Q1 | us-gaap |
Available For Sale Securities Debt Maturities Next Rolling Twelve Months Fair Value
AvailableForSaleSecuritiesDebtMaturitiesNextRollingTwelveMonthsFairValue
|
436000000 | usd |
| CY2024Q1 | us-gaap |
Available For Sale Securities Debt Maturities Rolling Year Two Through Five Amortized Cost Basis
AvailableForSaleSecuritiesDebtMaturitiesRollingYearTwoThroughFiveAmortizedCostBasis
|
939000000 | usd |
| CY2024Q1 | us-gaap |
Available For Sale Securities Debt Maturities Rolling Year Two Through Five Fair Value
AvailableForSaleSecuritiesDebtMaturitiesRollingYearTwoThroughFiveFairValue
|
907000000 | usd |
| CY2024Q1 | us-gaap |
Available For Sale Securities Debt Maturities Rolling Year Six Through Ten Amortized Cost Basis
AvailableForSaleSecuritiesDebtMaturitiesRollingYearSixThroughTenAmortizedCostBasis
|
34000000 | usd |
| CY2024Q1 | us-gaap |
Available For Sale Securities Debt Maturities Rolling Year Six Through Ten Fair Value
AvailableForSaleSecuritiesDebtMaturitiesRollingYearSixThroughTenFairValue
|
31000000 | usd |
| CY2024Q1 | us-gaap |
Available For Sale Securities Debt Maturities Rolling After Year Ten Amortized Cost Basis
AvailableForSaleSecuritiesDebtMaturitiesRollingAfterYearTenAmortizedCostBasis
|
14000000 | usd |
| CY2024Q1 | us-gaap |
Available For Sale Securities Debt Maturities Rolling After Year Ten Fair Value
AvailableForSaleSecuritiesDebtMaturitiesRollingAfterYearTenFairValue
|
13000000 | usd |
| CY2024Q1 | us-gaap |
Available For Sale Securities Debt Maturities Without Single Maturity Date Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesWithoutSingleMaturityDateAmortizedCost
|
4000000 | usd |
| CY2024Q1 | us-gaap |
Available For Sale Securities Debt Maturities Without Single Maturity Date Fair Value
AvailableForSaleSecuritiesDebtMaturitiesWithoutSingleMaturityDateFairValue
|
6000000 | usd |
| CY2024Q1 | alk |
Debt Securities Available For Sale With Maturities Cost Basis
DebtSecuritiesAvailableForSaleWithMaturitiesCostBasis
|
1434000000 | usd |
| CY2024Q1 | alk |
Debt Securities Available For Sale With Maturities Fair Value
DebtSecuritiesAvailableForSaleWithMaturitiesFairValue
|
1393000000 | usd |
| CY2024Q1 | us-gaap |
Deferred Finance Costs Net
DeferredFinanceCostsNet
|
15000000 | usd |
| CY2023Q4 | us-gaap |
Deferred Finance Costs Net
DeferredFinanceCostsNet
|
15000000 | usd |
| CY2024Q1 | us-gaap |
Long Term Debt
LongTermDebt
|
2565000000 | usd |
| CY2023Q4 | us-gaap |
Long Term Debt
LongTermDebt
|
2471000000 | usd |
| CY2024Q1 | us-gaap |
Long Term Debt Current
LongTermDebtCurrent
|
301000000 | usd |
| CY2023Q4 | us-gaap |
Long Term Debt Current
LongTermDebtCurrent
|
289000000 | usd |
| CY2024Q1 | us-gaap |
Long Term Debt Noncurrent
LongTermDebtNoncurrent
|
2264000000 | usd |
| CY2023Q4 | us-gaap |
Long Term Debt Noncurrent
LongTermDebtNoncurrent
|
2182000000 | usd |
| CY2024Q1 | us-gaap |
Long Term Debt Percentage Bearing Fixed Interest Rate
LongTermDebtPercentageBearingFixedInterestRate
|
0.033 | |
| CY2023Q4 | us-gaap |
Long Term Debt Percentage Bearing Fixed Interest Rate
LongTermDebtPercentageBearingFixedInterestRate
|
0.034 | |
| CY2024Q1 | us-gaap |
Long Term Debt Percentage Bearing Variable Interest Rate
LongTermDebtPercentageBearingVariableInterestRate
|
0.068 | |
| CY2024Q1 | us-gaap |
Long Term Debt Maturities Repayments Of Principal Remainder Of Fiscal Year
LongTermDebtMaturitiesRepaymentsOfPrincipalRemainderOfFiscalYear
|
201000000 | usd |
| CY2024Q1 | us-gaap |
Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
|
365000000 | usd |
| CY2024Q1 | us-gaap |
Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
|
322000000 | usd |
| CY2024Q1 | us-gaap |
Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
|
646000000 | usd |
| CY2024Q1 | us-gaap |
Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
|
131000000 | usd |
| CY2024Q1 | us-gaap |
Long Term Debt Maturities Repayments Of Principal After Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive
|
915000000 | usd |
| CY2024Q1 | us-gaap |
Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
|
2580000000 | usd |
| CY2024Q1 | us-gaap |
Line Of Credit Facility Maximum Borrowing Capacity
LineOfCreditFacilityMaximumBorrowingCapacity
|
626000000 | usd |
| CY2024Q1 | alk |
Line Of Credit Facility Asset Restrictions Unrestricted Cash And Marketable Securities
LineOfCreditFacilityAssetRestrictionsUnrestrictedCashAndMarketableSecurities
|
500000000 | usd |
| CY2024Q1 | us-gaap |
Unrecorded Unconditional Purchase Obligation Minimum Quantity Required
UnrecordedUnconditionalPurchaseObligationMinimumQuantityRequired
|
199 | aircraft |
| CY2024Q1 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
-178000000 | usd |
| CY2024Q1 | us-gaap |
Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
|
561086 | shares |
| CY2023Q1 | us-gaap |
Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
|
413554 | shares |
| CY2023Q1 | us-gaap |
Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
|
18000000 | usd |
| CY2024Q1 | us-gaap |
Class Of Warrant Or Right Outstanding
ClassOfWarrantOrRightOutstanding
|
1882517 | shares |
| CY2024Q1 | us-gaap |
Class Of Warrant Or Right Exercise Price Of Warrants Or Rights1
ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1
|
39.06 | |
| CY2024Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-132000000 | usd |
| CY2023Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-142000000 | usd |
| CY2024Q1 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
125970000 | shares |
| CY2023Q1 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
127501000 | shares |
| CY2024Q1 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
125970000 | shares |
| CY2023Q1 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
127501000 | shares |
| CY2024Q1 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-1.05 | |
| CY2023Q1 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-1.11 | |
| CY2024Q1 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-1.05 | |
| CY2023Q1 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-1.11 | |
| CY2023Q4 | us-gaap |
Aoci Tax Attributable To Parent
AociTaxAttributableToParent
|
97000000 | usd |
| CY2023Q4 | us-gaap |
Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
-299000000 | usd |
| CY2024Q1 | us-gaap |
Other Comprehensive Income Loss Tax
OtherComprehensiveIncomeLossTax
|
0 | usd |
| CY2024Q1 | us-gaap |
Other Comprehensive Income Loss Before Reclassifications Net Of Tax
OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax
|
2000000 | usd |
| CY2024Q1 | us-gaap |
Reclassification From Aoci Current Period Tax
ReclassificationFromAociCurrentPeriodTax
|
-1000000 | usd |
| CY2024Q1 | us-gaap |
Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax
|
3000000 | usd |
| CY2024Q1 | us-gaap |
Aoci Tax Attributable To Parent
AociTaxAttributableToParent
|
96000000 | usd |
| CY2024Q1 | us-gaap |
Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
-294000000 | usd |
| CY2022Q4 | us-gaap |
Aoci Tax Attributable To Parent
AociTaxAttributableToParent
|
122000000 | usd |
| CY2022Q4 | us-gaap |
Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
-388000000 | usd |
| CY2023Q1 | us-gaap |
Other Comprehensive Income Loss Tax
OtherComprehensiveIncomeLossTax
|
-3000000 | usd |
| CY2023Q1 | us-gaap |
Other Comprehensive Income Loss Before Reclassifications Net Of Tax
OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax
|
14000000 | usd |
| CY2023Q1 | us-gaap |
Reclassification From Aoci Current Period Tax
ReclassificationFromAociCurrentPeriodTax
|
-2000000 | usd |
| CY2023Q1 | us-gaap |
Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax
|
9000000 | usd |
| CY2023Q1 | us-gaap |
Aoci Tax Attributable To Parent
AociTaxAttributableToParent
|
117000000 | usd |
| CY2023Q1 | us-gaap |
Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
-365000000 | usd |
| CY2024Q1 | us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
2232000000 | usd |
| CY2024Q1 | alk |
Operating Expenses Excluding Fuel
OperatingExpensesExcludingFuel
|
1833000000 | usd |
| CY2024Q1 | us-gaap |
Fuel Costs
FuelCosts
|
565000000 | usd |
| CY2024Q1 | us-gaap |
Operating Expenses
OperatingExpenses
|
2398000000 | usd |
| CY2024Q1 | us-gaap |
Nonoperating Income Expense
NonoperatingIncomeExpense
|
-12000000 | usd |
| CY2024Q1 | alk |
Pretax Margin Gaap
PretaxMarginGAAP
|
-0.080 | |
| CY2023Q1 | us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
2196000000 | usd |
| CY2023Q1 | alk |
Operating Expenses Excluding Fuel
OperatingExpensesExcludingFuel
|
1717000000 | usd |
| CY2023Q1 | us-gaap |
Fuel Costs
FuelCosts
|
665000000 | usd |
| CY2023Q1 | us-gaap |
Operating Expenses
OperatingExpenses
|
2382000000 | usd |
| CY2023Q1 | us-gaap |
Nonoperating Income Expense
NonoperatingIncomeExpense
|
-13000000 | usd |
| CY2023Q1 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
-199000000 | usd |
| CY2023Q1 | alk |
Pretax Margin Adjusted
PretaxMarginAdjusted
|
-0.052 | |
| CY2023Q1 | alk |
Pretax Margin Gaap
PretaxMarginGAAP
|
-0.091 | |
| CY2024Q1 | us-gaap |
Assets
Assets
|
14813000000 | usd |
| CY2023Q4 | us-gaap |
Assets
Assets
|
14613000000 | usd |
