AAL FY 2018 Earnings Report — American Airlines Group Inc. Revenue & Financial Results | Market Cap Arena

American Airlines Group Inc.AAL

FY 2018 Earnings

Reported February 25, 2019

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2018	Prior Q	FY 2017	QoQ Change	YoY Change
Revenue	$44.5B	—	$42.6B	—	4.5%
Op. Income	$2.7B	—	$4.2B	—	-37.2%
Gross Margin	22.6%	—	26.6%	—	-4.0pp
Net Margin	3.2%	—	3.0%	—	0.2pp
EPS (Diluted)	$3.03	—	$3.90	—	-22.3%
Free Cash Flow	-$212M	—	-$1.2B	—	82.7%

Revenue Flow

Item	Amount
REVENUE	$44.5B
Cost of Revenue	$34.5B
GROSS PROFIT	$10.1B
R&D Expenses	$0
Selling & Marketing	$1.5B
General & Administrative	$0
SG&A Expenses	$1.5B
Other Expenses	$5.9B
Operating Expenses	$7.4B
Cost & Expenses	$41.9B
OPERATING INCOME	$2.7B
Interest Income	$118M
Interest Expense	$1.1B
Other Income/Expenses	-$772M
INCOME BEFORE TAX	$1.9B
Income Tax Expense	$472M
Net Income from Continuing Ops	$1.4B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$1.4B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$1.4B
D&A	$2.2B
EBIT	$2.9B
EBITDA	$5.1B
EPS	$3
EPS Diluted	$3

Income Statement

Item	Amount
REVENUE	$44.5B
Cost of Revenue	$34.5B
GROSS PROFIT	$10.1B
R&D Expenses	$0
Selling & Marketing	$1.5B
General & Administrative	$0
SG&A Expenses	$1.5B
Other Expenses	$5.9B
Operating Expenses	$7.4B
Cost & Expenses	$41.9B
OPERATING INCOME	$2.7B
Interest Income	$118M
Interest Expense	$1.1B
Other Income/Expenses	-$772M
INCOME BEFORE TAX	$1.9B
Income Tax Expense	$472M
Net Income from Continuing Ops	$1.4B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$1.4B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$1.4B
D&A	$2.2B
EBIT	$2.9B
EBITDA	$5.1B
EPS	$3
EPS Diluted	$3

Cash Flow Statement

Item	Amount
Net Income	$1.4B
Depreciation & Amortization	$2.2B
Stock-Based Compensation	$0
Deferred Income Tax	$440M
Other Non-Cash Items	$90M
Change in Working Capital	-$566M
OPERATING CASH FLOW	$3.5B
Capital Expenditure	-$3.7B
Acquisitions (Net)	$1.2B
Purchases of Investments	-$3.4B
Sales/Maturities of Investments	$4.0B
Other Investing Activities	-$7M
NET CASH FROM INVESTING	-$2.0B
Net Debt Issuance	-$646M
Common Stock Repurchased	-$837M
Common Dividends Paid	-$186M
Other Financing Activities	-$3M
NET CASH FROM FINANCING	-$1.7B
FREE CASH FLOW	-$212M
Net Change in Cash	-$284M

Balance Sheet

Item	Amount
Cash & Equivalents	$275M
Short-Term Investments	$4.5B
Net Receivables	$1.7B
Inventory	$1.5B
Other Current Assets	$154M
TOTAL CURRENT ASSETS	$8.6B
PP&E (Net)	$43.2B
Goodwill	$4.1B
Intangible Assets	$2.1B
Long-Term Investments	$0
Tax Assets	$1.1B
Other Non-Current Assets	$1.3B
TOTAL NON-CURRENT ASSETS	$51.9B
TOTAL ASSETS	$60.6B
Account Payables	$1.8B
Short-Term Debt	$3.3B
Deferred Revenue	$7.6B
Other Current Liabilities	$0
TOTAL CURRENT LIABILITIES	$18.1B
Long-Term Debt	$21.2B
Deferred Revenue NC	$5.3B
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$8.3B
TOTAL NON-CURRENT LIABILITIES	$42.7B
TOTAL LIABILITIES	$60.7B
Common Stock	$5M
Additional Paid-In Capital	$5.0B
Retained Earnings	$758M
Treasury Stock	$0
Accum. Other Comp. Income	-$5.9B
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	-$169M
Minority Interest	$0
TOTAL EQUITY	-$169M
TOTAL LIABILITIES & EQUITY	$60.6B
Total Debt	$34.0B
Net Debt	$33.8B