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
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
Net Income	111	846	822	127	-1,993
Depreciation & Amortization	2,219	2,245	2,254	2,298	2,335
Stock-Based Compensation	57	92	102	78	98
Other Adjustments	-34	-15	389	-148	-777
Change in Receivables	-74	35	95	-637	-304
Changes in Accounts Payable	335	257	209	360	461
Changes in Other Operating Activities	485	523	-68	95	884
Operating Cash Flow	3,099	3,983	3,803	2,173	704
Operating Cash Flow Growth	-22.19%	4.73%	75.01%	208.67%	-
Capital Expenditures	-3,779	-2,683	-2,596	-2,546	-208
Sale of Property, Plant & Equipment	344	654	230	147	374
Purchases of Investments	-4,905	-7,194	-7,323	-11,578	-19,482
Proceeds from Sale of Investments	6,189	8,013	8,861	14,972	13,923
Other Investing Activities	257	242	326	-359	-590
Investing Cash Flow	-1,894	-968	-502	636	-5,983
Long-Term Debt Issued	3,773	1,670	4,822	1,069	12,190
Long-Term Debt Repaid	-5,504	-4,467	-7,718	-3,752	-7,343
Net Long-Term Debt Issued (Repaid)	-1,731	-2,797	-2,896	-2,683	4,847
Issuance of Common Stock	-	-	-	-	460
Net Common Stock Issued (Repurchased)	-	-	-	-	460
Other Financing Activities	680	3	-310	52	-19
Financing Cash Flow	-1,051	-2,794	-3,206	-2,631	5,288
Net Cash Flow	154	221	95	178	9
Free Cash Flow	-680	1,300	1,207	-373	496
Free Cash Flow Growth	-	7.70%	-	-	-
FCF Margin	-1.24%	2.40%	2.29%	-0.76%	1.66%
Free Cash Flow Per Share	-1.03	1.80	1.68	-0.57	0.77
Levered Free Cash Flow	-2,360	-1,609	-2,275	-2,349	6,326
Unlevered Free Cash Flow	117.04	2,258	2,024	1,304	2,644

Updated Dec 31, 2025. Data Source: Fiscal.ai. Standard template. Financial Sources.