AAL FY 2015 Earnings Report — American Airlines Group Inc. Revenue & Financial Results | Market Cap Arena

American Airlines Group Inc.AAL

FY 2015 Earnings

Reported February 24, 2016

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2015	Prior Q	FY 2014	QoQ Change	YoY Change
Revenue	$41.0B	—	$42.6B	—	-3.9%
Op. Income	$6.2B	—	$4.2B	—	46.0%
Gross Margin	31.8%	—	25.1%	—	6.7pp
Net Margin	18.6%	—	6.8%	—	11.8pp
EPS (Diluted)	$11.07	—	$3.93	—	181.7%
Free Cash Flow	$98M	—	-$2.2B	—	104.4%

Revenue Flow

Item	Amount
REVENUE	$41.0B
Cost of Revenue	$28.0B
GROSS PROFIT	$13.0B
R&D Expenses	$0
Selling & Marketing	$1.4B
General & Administrative	$0
SG&A Expenses	$1.4B
Other Expenses	$5.4B
Operating Expenses	$6.8B
Cost & Expenses	$34.8B
OPERATING INCOME	$6.2B
Interest Income	$39M
Interest Expense	$880M
Other Income/Expenses	-$1.6B
INCOME BEFORE TAX	$4.6B
Income Tax Expense	-$3.0B
Net Income from Continuing Ops	$7.6B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$7.6B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$7.6B
D&A	$1.6B
EBIT	$5.5B
EBITDA	$7.1B
EPS	$11
EPS Diluted	$11

Income Statement

Item	Amount
REVENUE	$41.0B
Cost of Revenue	$28.0B
GROSS PROFIT	$13.0B
R&D Expenses	$0
Selling & Marketing	$1.4B
General & Administrative	$0
SG&A Expenses	$1.4B
Other Expenses	$5.4B
Operating Expenses	$6.8B
Cost & Expenses	$34.8B
OPERATING INCOME	$6.2B
Interest Income	$39M
Interest Expense	$880M
Other Income/Expenses	-$1.6B
INCOME BEFORE TAX	$4.6B
Income Tax Expense	-$3.0B
Net Income from Continuing Ops	$7.6B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$7.6B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$7.6B
D&A	$1.6B
EBIT	$5.5B
EBITDA	$7.1B
EPS	$11
EPS Diluted	$11

Cash Flow Statement

Item	Amount
Net Income	$7.6B
Depreciation & Amortization	$1.6B
Stock-Based Compensation	$0
Deferred Income Tax	-$3.0B
Other Non-Cash Items	$232M
Change in Working Capital	-$186M
OPERATING CASH FLOW	$6.2B
Capital Expenditure	-$6.2B
Acquisitions (Net)	$35M
Purchases of Investments	-$8.1B
Sales/Maturities of Investments	$8.6B
Other Investing Activities	$0
NET CASH FROM INVESTING	-$5.6B
Net Debt Issuance	$2.8B
Common Stock Repurchased	-$3.8B
Common Dividends Paid	-$278M
Other Financing Activities	$9M
NET CASH FROM FINANCING	-$1.3B
FREE CASH FLOW	$98M
Net Change in Cash	-$627M

Balance Sheet

Item	Amount
Cash & Equivalents	$390M
Short-Term Investments	$5.9B
Net Receivables	$1.4B
Inventory	$863M
Other Current Assets	$695M
TOTAL CURRENT ASSETS	$10.0B
PP&E (Net)	$27.5B
Goodwill	$4.1B
Intangible Assets	$2.2B
Long-Term Investments	$0
Tax Assets	$2.5B
Other Non-Current Assets	$2.1B
TOTAL NON-CURRENT ASSETS	$38.4B
TOTAL ASSETS	$48.4B
Account Payables	$1.6B
Short-Term Debt	$2.2B
Deferred Revenue	$6.3B
Other Current Liabilities	$0
TOTAL CURRENT LIABILITIES	$13.6B
Long-Term Debt	$18.3B
Deferred Revenue NC	$667M
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$10.2B
TOTAL NON-CURRENT LIABILITIES	$29.2B
TOTAL LIABILITIES	$42.8B
Common Stock	$6M
Additional Paid-In Capital	$11.6B
Retained Earnings	-$1.2B
Treasury Stock	$0
Accum. Other Comp. Income	-$4.7B
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$5.6B
Minority Interest	$0
TOTAL EQUITY	$5.6B
TOTAL LIABILITIES & EQUITY	$48.4B
Total Debt	$20.6B
Net Debt	$20.2B