AAL Q2 2016 Earnings Report — American Airlines Group Inc. Revenue & Financial Results | Market Cap Arena

American Airlines Group Inc.AAL

Q2 2016 Earnings

Reported July 22, 2016

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	Q2 2016	Q1 2016	Q2 2015	QoQ Change	YoY Change
Revenue	$10.4B	$9.4B	—	9.8%	—
Op. Income	$1.8B	$1.3B	—	31.2%	—
Gross Margin	31.6%	29.9%	—	1.7pp	—
Net Margin	9.2%	7.4%	—	1.7pp	—
EPS (Diluted)	$1.68	$1.14	—	47.4%	—
Free Cash Flow	$707M	$1.1B	—	-33.5%	—

Revenue Flow

Item	Amount
REVENUE	$10.4B
Cost of Revenue	$7.1B
GROSS PROFIT	$3.3B
R&D Expenses	$0
Selling & Marketing	$334M
General & Administrative	$0
SG&A Expenses	$334M
Other Expenses	$1.2B
Operating Expenses	$1.5B
Cost & Expenses	$8.6B
OPERATING INCOME	$1.8B
Interest Income	$16M
Interest Expense	$249M
Other Income/Expenses	-$258M
INCOME BEFORE TAX	$1.5B
Income Tax Expense	$543M
Net Income from Continuing Ops	$950M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$950M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$950M
D&A	-$9M
EBIT	$1.7B
EBITDA	$1.7B
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$10.4B
Cost of Revenue	$7.1B
GROSS PROFIT	$3.3B
R&D Expenses	$0
Selling & Marketing	$334M
General & Administrative	$0
SG&A Expenses	$334M
Other Expenses	$1.2B
Operating Expenses	$1.5B
Cost & Expenses	$8.6B
OPERATING INCOME	$1.8B
Interest Income	$16M
Interest Expense	$249M
Other Income/Expenses	-$258M
INCOME BEFORE TAX	$1.5B
Income Tax Expense	$543M
Net Income from Continuing Ops	$950M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$950M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$950M
D&A	-$9M
EBIT	$1.7B
EBITDA	$1.7B
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$950M
Depreciation & Amortization	$374M
Stock-Based Compensation	$0
Deferred Income Tax	$0
Other Non-Cash Items	$889M
Change in Working Capital	$0
OPERATING CASH FLOW	$2.2B
Capital Expenditure	-$1.5B
Acquisitions (Net)	$230M
Purchases of Investments	-$1.9B
Sales/Maturities of Investments	$1.7B
Other Investing Activities	-$151M
NET CASH FROM INVESTING	-$1.7B
Net Debt Issuance	$0
Common Stock Repurchased	-$1.7B
Common Dividends Paid	-$58M
Other Financing Activities	-$547M
NET CASH FROM FINANCING	-$605M
FREE CASH FLOW	$707M
Net Change in Cash	-$49M

Balance Sheet

Item	Amount
Cash & Equivalents	$446M
Short-Term Investments	$6.7B
Net Receivables	$1.6B
Inventory	$999M
Other Current Assets	$640M
TOTAL CURRENT ASSETS	$11.2B
PP&E (Net)	$29.6B
Goodwill	$4.1B
Intangible Assets	$2.2B
Long-Term Investments	$0
Tax Assets	$2.0B
Other Non-Current Assets	$2.0B
TOTAL NON-CURRENT ASSETS	$39.9B
TOTAL ASSETS	$51.1B
Account Payables	$1.9B
Short-Term Debt	$1.7B
Deferred Revenue	$7.5B
Other Current Liabilities	$0
TOTAL CURRENT LIABILITIES	$14.9B
Long-Term Debt	$21.1B
Deferred Revenue NC	$590M
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$10.1B
TOTAL NON-CURRENT LIABILITIES	$31.8B
TOTAL LIABILITIES	$46.7B
Common Stock	$5M
Additional Paid-In Capital	$8.4B
Retained Earnings	$719M
Treasury Stock	$0
Accum. Other Comp. Income	-$4.8B
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$4.3B
Minority Interest	$0
TOTAL EQUITY	$4.3B
TOTAL LIABILITIES & EQUITY	$51.1B
Total Debt	$22.8B
Net Debt	$22.4B