$UAL
United Airlines Holdings, Inc.

2016 Q1 Form 10-Q Financial Statement

#000119312516550432 Filed on April 21, 2016

View on sec.gov

Income Statement

Concept 2016 Q1 2015 Q1
Revenue $8.195B $8.608B
YoY Change -4.8% -1.01%
Cost Of Revenue $2.845B $3.575B
YoY Change -20.42% -24.42%
Gross Profit $5.350B $5.033B
YoY Change 6.3% 26.9%
Gross Profit Margin 65.28% 58.47%
Selling, General & Admin $2.793B $2.613B
YoY Change 6.89% 5.75%
% of Gross Profit 52.21% 51.92%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $479.0M $429.0M
YoY Change 11.66% 4.89%
% of Gross Profit 8.95% 8.52%
Operating Expenses $4.511B $4.228B
YoY Change 6.69% -0.82%
Operating Profit $649.0M $741.0M
YoY Change -12.42% -312.32%
Interest Expense $159.0M $173.0M
YoY Change -8.09% -7.49%
% of Operating Profit 24.5% 23.35%
Other Income/Expense, Net -$155.0M -$230.0M
YoY Change -32.61% -10.51%
Pretax Income $494.0M $511.0M
YoY Change -3.33% -184.32%
Income Tax $181.0M $3.000M
% Of Pretax Income 36.64% 0.59%
Net Earnings $313.0M $508.0M
YoY Change -38.39% -183.42%
Net Earnings / Revenue 3.82% 5.9%
Basic Earnings Per Share $0.88 $1.33
Diluted Earnings Per Share $0.88 $1.32
COMMON SHARES
Basic Shares Outstanding 354.3M shares 382.0M shares
Diluted Shares Outstanding 354.6M shares 384.0M shares

Balance Sheet

Concept 2016 Q1 2015 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $3.972B $5.608B
YoY Change -29.17% 11.62%
Cash & Equivalents $1.795B $3.352B
Short-Term Investments $2.177B $2.256B
Other Short-Term Assets $912.0M $1.806B
YoY Change -49.5% 16.14%
Inventory $759.0M $631.0M
Prepaid Expenses
Receivables $1.581B $1.464B
Other Receivables $0.00 $0.00
Total Short-Term Assets $7.224B $9.509B
YoY Change -24.03% 8.2%
LONG-TERM ASSETS
Property, Plant & Equipment $22.01B $19.86B
YoY Change 10.79% 8.04%
Goodwill $4.523B $4.523B
YoY Change 0.0% 0.0%
Intangibles $4.112B $4.257B
YoY Change -3.41% -3.29%
Long-Term Investments
YoY Change
Other Assets $11.14B $9.720B
YoY Change 14.64% -2.93%
Total Long-Term Assets $33.15B $29.58B
YoY Change 12.06% 4.17%
TOTAL ASSETS
Total Short-Term Assets $7.224B $9.509B
Total Long-Term Assets $33.15B $29.58B
Total Assets $40.37B $39.09B
YoY Change 3.28% 5.13%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $2.065B $2.074B
YoY Change -0.43% -11.06%
Accrued Expenses $1.822B $1.597B
YoY Change 14.09% 17.17%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $1.295B $1.700B
YoY Change -23.82% 44.31%
Total Short-Term Liabilities $13.38B $13.97B
YoY Change -4.22% 6.71%
LONG-TERM LIABILITIES
Long-Term Debt $9.472B $9.914B
YoY Change -4.46% -1.82%
Other Long-Term Liabilities $8.956B $11.64B
YoY Change -23.06% 808.67%
Total Long-Term Liabilities $18.43B $21.55B
YoY Change -14.5% 101.8%
TOTAL LIABILITIES
Total Short-Term Liabilities $13.38B $13.97B
Total Long-Term Liabilities $18.43B $21.55B
Total Liabilities $31.81B $35.52B
YoY Change -10.46% 49.43%
SHAREHOLDERS EQUITY
Retained Earnings $3.770B -$3.375B
YoY Change -211.7% -39.99%
Common Stock $7.960B $7.936B
YoY Change 0.3% 3.47%
Preferred Stock
YoY Change
Treasury Stock (at cost) $3.113B $576.0M
YoY Change 440.45% 1125.53%
Treasury Stock Shares
Shareholders Equity -$777.0M $3.008B
YoY Change
Total Liabilities & Shareholders Equity $40.37B $39.09B
YoY Change 3.28% 5.13%

Cashflow Statement

Concept 2016 Q1 2015 Q1
OPERATING ACTIVITIES
Net Income $313.0M $508.0M
YoY Change -38.39% -183.42%
Depreciation, Depletion And Amortization $479.0M $429.0M
YoY Change 11.66% 4.89%
Cash From Operating Activities $1.199B $1.825B
YoY Change -34.3% 162.97%
INVESTING ACTIVITIES
Capital Expenditures -$816.0M -$210.0M
YoY Change 288.57% -42.31%
Acquisitions
YoY Change
Other Investing Activities -$1.000M -$19.00M
YoY Change -94.74% 46.15%
Cash From Investing Activities -$823.0M -$45.00M
YoY Change 1728.89% -89.46%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $1.392B $195.0M
YoY Change 613.85%
Debt Paid & Issued, Net $227.0M $296.0M
YoY Change -23.31% -51.71%
Cash From Financing Activities -1.613B -430.0M
YoY Change 275.12% -10.04%
NET CHANGE
Cash From Operating Activities 1.199B 1.825B
Cash From Investing Activities -823.0M -45.00M
Cash From Financing Activities -1.613B -430.0M
Net Change In Cash -1.237B 1.350B
YoY Change -191.63% -739.81%
FREE CASH FLOW
Cash From Operating Activities $1.199B $1.825B
Capital Expenditures -$816.0M -$210.0M
Free Cash Flow $2.015B $2.035B
YoY Change -0.98% 92.34%

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