AAL FY 2014 Earnings Report — American Airlines Group Inc. Revenue & Financial Results | Market Cap Arena

American Airlines Group Inc.AAL

FY 2014 Earnings

Reported February 25, 2015

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2014	Prior Q	FY 2013	QoQ Change	YoY Change
Revenue	$42.6B	—	$26.7B	—	59.5%
Op. Income	$4.2B	—	$1.4B	—	203.7%
Gross Margin	25.1%	—	22.8%	—	2.4pp
Net Margin	6.8%	—	-6.9%	—	13.6pp
EPS (Diluted)	$3.93	—	$-17.04	—	123.1%
Free Cash Flow	-$2.2B	—	-$2.4B	—	8.5%

Revenue Flow

Item	Amount
REVENUE	$42.6B
Cost of Revenue	$31.9B
GROSS PROFIT	$10.7B
R&D Expenses	$0
Selling & Marketing	$1.5B
General & Administrative	$0
SG&A Expenses	$1.5B
Other Expenses	$4.9B
Operating Expenses	$6.5B
Cost & Expenses	$38.4B
OPERATING INCOME	$4.2B
Interest Income	$31M
Interest Expense	$887M
Other Income/Expenses	-$1.0B
INCOME BEFORE TAX	$3.2B
Income Tax Expense	$330M
Net Income from Continuing Ops	$2.9B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$2.9B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$2.9B
D&A	$1.5B
EBIT	$4.1B
EBITDA	$5.6B
EPS	$4
EPS Diluted	$4

Income Statement

Item	Amount
REVENUE	$42.6B
Cost of Revenue	$31.9B
GROSS PROFIT	$10.7B
R&D Expenses	$0
Selling & Marketing	$1.5B
General & Administrative	$0
SG&A Expenses	$1.5B
Other Expenses	$4.9B
Operating Expenses	$6.5B
Cost & Expenses	$38.4B
OPERATING INCOME	$4.2B
Interest Income	$31M
Interest Expense	$887M
Other Income/Expenses	-$1.0B
INCOME BEFORE TAX	$3.2B
Income Tax Expense	$330M
Net Income from Continuing Ops	$2.9B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$2.9B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$2.9B
D&A	$1.5B
EBIT	$4.1B
EBITDA	$5.6B
EPS	$4
EPS Diluted	$4

Cash Flow Statement

Item	Amount
Net Income	$2.9B
Depreciation & Amortization	$1.5B
Stock-Based Compensation	$0
Deferred Income Tax	$346M
Other Non-Cash Items	$26M
Change in Working Capital	-$1.7B
OPERATING CASH FLOW	$3.1B
Capital Expenditure	-$5.3B
Acquisitions (Net)	$33M
Purchases of Investments	-$5.4B
Sales/Maturities of Investments	$7.2B
Other Investing Activities	$307M
NET CASH FROM INVESTING	-$2.9B
Net Debt Issuance	$64M
Common Stock Repurchased	-$1.1B
Common Dividends Paid	-$144M
Other Financing Activities	$827M
NET CASH FROM FINANCING	-$315M
FREE CASH FLOW	-$2.2B
Net Change in Cash	-$2.5B

Balance Sheet

Item	Amount
Cash & Equivalents	$994M
Short-Term Investments	$6.3B
Net Receivables	$1.8B
Inventory	$1.0B
Other Current Assets	$774M
TOTAL CURRENT ASSETS	$11.8B
PP&E (Net)	$23.1B
Goodwill	$4.1B
Intangible Assets	$2.2B
Long-Term Investments	$0
Tax Assets	$0
Other Non-Current Assets	$2.1B
TOTAL NON-CURRENT ASSETS	$31.5B
TOTAL ASSETS	$43.2B
Account Payables	$1.4B
Short-Term Debt	$1.7B
Deferred Revenue	$7.1B
Other Current Liabilities	$0
TOTAL CURRENT LIABILITIES	$13.4B
Long-Term Debt	$16.0B
Deferred Revenue NC	$829M
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$10.9B
TOTAL NON-CURRENT LIABILITIES	$27.8B
TOTAL LIABILITIES	$41.2B
Common Stock	$7M
Additional Paid-In Capital	$15.1B
Retained Earnings	-$8.6B
Treasury Stock	$0
Accum. Other Comp. Income	-$4.6B
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$2.0B
Minority Interest	$0
TOTAL EQUITY	$2.0B
TOTAL LIABILITIES & EQUITY	$43.2B
Total Debt	$17.7B
Net Debt	$16.7B