AAL FY 2019 Earnings Report — American Airlines Group Inc. Revenue & Financial Results | Market Cap Arena

American Airlines Group Inc.AAL

FY 2019 Earnings

Reported February 19, 2020

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2019	Prior Q	FY 2018	QoQ Change	YoY Change
Revenue	$45.8B	—	$44.5B	—	2.8%
Op. Income	$3.1B	—	$2.7B	—	15.4%
Gross Margin	24.3%	—	22.6%	—	1.8pp
Net Margin	3.7%	—	3.2%	—	0.5pp
EPS (Diluted)	$3.80	—	$3.03	—	25.4%
Free Cash Flow	-$453M	—	-$212M	—	-113.7%

Revenue Flow

Item	Amount
REVENUE	$45.8B
Cost of Revenue	$34.6B
GROSS PROFIT	$11.1B
R&D Expenses	$0
Selling & Marketing	$2.0B
General & Administrative	$0
SG&A Expenses	$2.0B
Other Expenses	$6.1B
Operating Expenses	$8.1B
Cost & Expenses	$42.7B
OPERATING INCOME	$3.1B
Interest Income	$127M
Interest Expense	$1.1B
Other Income/Expenses	-$809M
INCOME BEFORE TAX	$2.3B
Income Tax Expense	$570M
Net Income from Continuing Ops	$1.7B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$1.7B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$1.7B
D&A	$2.3B
EBIT	$3.4B
EBITDA	$5.7B
EPS	$4
EPS Diluted	$4

Income Statement

Item	Amount
REVENUE	$45.8B
Cost of Revenue	$34.6B
GROSS PROFIT	$11.1B
R&D Expenses	$0
Selling & Marketing	$2.0B
General & Administrative	$0
SG&A Expenses	$2.0B
Other Expenses	$6.1B
Operating Expenses	$8.1B
Cost & Expenses	$42.7B
OPERATING INCOME	$3.1B
Interest Income	$127M
Interest Expense	$1.1B
Other Income/Expenses	-$809M
INCOME BEFORE TAX	$2.3B
Income Tax Expense	$570M
Net Income from Continuing Ops	$1.7B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$1.7B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$1.7B
D&A	$2.3B
EBIT	$3.4B
EBITDA	$5.7B
EPS	$4
EPS Diluted	$4

Cash Flow Statement

Item	Amount
Net Income	$1.7B
Depreciation & Amortization	$2.3B
Stock-Based Compensation	$94M
Deferred Income Tax	$560M
Other Non-Cash Items	$24M
Change in Working Capital	-$867M
OPERATING CASH FLOW	$3.8B
Capital Expenditure	-$4.3B
Acquisitions (Net)	$904M
Purchases of Investments	-$3.2B
Sales/Maturities of Investments	$4.1B
Other Investing Activities	$164M
NET CASH FROM INVESTING	-$2.2B
Net Debt Issuance	-$291M
Common Stock Repurchased	-$1.1B
Common Dividends Paid	-$178M
Other Financing Activities	-$2M
NET CASH FROM FINANCING	-$1.6B
FREE CASH FLOW	-$453M
Net Change in Cash	$321M

Balance Sheet

Item	Amount
Cash & Equivalents	$280M
Short-Term Investments	$3.5B
Net Receivables	$1.8B
Inventory	$1.9B
Other Current Assets	$158M
TOTAL CURRENT ASSETS	$8.2B
PP&E (Net)	$43.7B
Goodwill	$4.1B
Intangible Assets	$2.1B
Long-Term Investments	$0
Tax Assets	$645M
Other Non-Current Assets	$1.2B
TOTAL NON-CURRENT ASSETS	$51.8B
TOTAL ASSETS	$60.0B
Account Payables	$2.1B
Short-Term Debt	$2.9B
Deferred Revenue	$8.0B
Other Current Liabilities	$0
TOTAL CURRENT LIABILITIES	$18.3B
Long-Term Debt	$21.5B
Deferred Revenue NC	$5.4B
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$7.5B
TOTAL NON-CURRENT LIABILITIES	$41.8B
TOTAL LIABILITIES	$60.1B
Common Stock	$4M
Additional Paid-In Capital	$3.9B
Retained Earnings	$2.3B
Treasury Stock	$0
Accum. Other Comp. Income	-$6.3B
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	-$118M
Minority Interest	$0
TOTAL EQUITY	-$118M
TOTAL LIABILITIES & EQUITY	$60.0B
Total Debt	$33.4B
Net Debt	$33.2B