American Airlines Group Cash Flow Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	2020 - 2016
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	2020 - 2016
Net Income	111	846	822	127	-1,993	Upgrade
Depreciation & Amortization	2,219	2,245	2,254	2,298	2,335	Upgrade
Stock-Based Compensation	57	92	102	78	98	Upgrade
Other Operating Activities	-34	-15	389	-148	-777	Upgrade
Change in Accounts Receivable	-74	35	95	-637	-304	Upgrade
Change in Accounts Payable	335	257	209	360	461	Upgrade
Change in Unearned Revenue	909	1,286	-363	668	1,394	Upgrade
Change in Other Net Operating Assets	-424	-763	295	-573	-510	Upgrade
Operating Cash Flow	3,099	3,983	3,803	2,173	704	Upgrade
Operating Cash Flow Growth	-22.19%	4.73%	75.01%	208.67%	-	Upgrade
Capital Expenditures	-3,779	-2,683	-2,596	-2,546	-208	Upgrade
Sale of Property, Plant & Equipment	-	-	-	-	374	Upgrade
Investment in Securities	1,284	819	1,538	3,394	-5,559	Upgrade
Other Investing Activities	601	896	556	-212	-590	Upgrade
Investing Cash Flow	-1,894	-968	-502	636	-5,983	Upgrade
Short-Term Debt Issued	840	74	-	-	-	Upgrade
Long-Term Debt Issued	3,773	1,670	4,822	1,069	12,190	Upgrade
Total Debt Issued	4,613	1,744	4,822	1,069	12,190	Upgrade
Long-Term Debt Repaid	-5,504	-4,467	-7,718	-3,752	-7,343	Upgrade
Net Debt Issued (Repaid)	-891	-2,723	-2,896	-2,683	4,847	Upgrade
Issuance of Common Stock	-	-	-	-	460	Upgrade
Other Financing Activities	-160	-71	-310	52	-19	Upgrade
Financing Cash Flow	-1,051	-2,794	-3,206	-2,631	5,288	Upgrade
Net Cash Flow	154	221	95	178	9	Upgrade
Free Cash Flow	-680	1,300	1,207	-373	496	Upgrade
Free Cash Flow Growth	-	7.70%	-	-	-	Upgrade
Free Cash Flow Margin	-1.24%	2.40%	2.29%	-0.76%	1.66%	Upgrade
Free Cash Flow Per Share	-1.03	1.80	1.68	-0.57	0.77	Upgrade
Cash Income Tax Paid	-	-	-	2	3	Upgrade
Levered Free Cash Flow	-706.75	926.5	1,560	73.88	723.75	Upgrade
Unlevered Free Cash Flow	365.75	2,135	2,900	1,300	1,849	Upgrade
Change in Working Capital	746	815	236	-182	1,041	Upgrade

Source: S&P Capital IQ. Standard template. Financial Sources.