United Airlines Holdings Cash Flow Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	2006 - 2019
Period Ending	Jun '25 Jun 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020	2006 - 2019
Net Income	-	3,149	2,618	737	-1,964	-7,069	Upgrade
Depreciation & Amortization	-	2,928	2,671	2,456	2,485	2,488	Upgrade
Other Adjustments	-	1,458	952	400	-346	-5	Upgrade
Change in Receivables	-	280	-100	-158	-448	135	Upgrade
Changes in Accounts Payable	-	178	572	796	985	-1,079	Upgrade
Changes in Unearned Revenue	-	1,155	-383	1,593	1,828	713	Upgrade
Changes in Other Operating Activities	-	297	581	242	-473	684	Upgrade
Operating Cash Flow	9,649	9,445	6,911	6,066	2,067	-4,133	Upgrade
Operating Cash Flow Growth	69.49%	36.67%	13.93%	193.47%	-	-	Upgrade
Capital Expenditures	-5,605	-5,615	-7,171	-4,819	-2,107	-1,727	Upgrade
Sale of Property, Plant & Equipment	115	109	39	207	107	6	Upgrade
Purchases of Investments	-8,777	-5,809	-9,470	-11,232	-68	-552	Upgrade
Proceeds from Sale of Investments	7,063	8,661	10,519	2,084	397	2,319	Upgrade
Other Investing Activities	-64	3	-23	-69	-1	4	Upgrade
Investing Cash Flow	-7,268	-2,651	-6,106	-13,829	-1,672	50	Upgrade
Long-Term Debt Issued	2,421	6,139	2,388	736	11,096	15,676	Upgrade
Long-Term Debt Repaid	-5,532	-10,138	-4,248	-4,011	-5,205	-4,449	Upgrade
Net Long-Term Debt Issued (Repaid)	-3,111	-3,999	-1,860	-3,275	5,891	11,227	Upgrade
Issuance of Common Stock	-	-	-	-	532	2,103	Upgrade
Repurchase of Common Stock	-751	-162	-	-	-	-353	Upgrade
Net Common Stock Issued (Repurchased)	-751	-162	-	-	532	1,750	Upgrade
Other Financing Activities	-	-21	-32	-74	-27	-20	Upgrade
Financing Cash Flow	-3,964	-4,182	-1,892	-3,349	6,396	12,957	Upgrade
Net Cash Flow	-1,583	2,612	-1,087	-11,112	6,791	8,874	Upgrade
Beginning Cash & Cash Equivalents	11,114	6,334	7,421	18,533	11,742	2,868	Upgrade
Ending Cash & Cash Equivalents	9,531	8,946	6,334	7,421	18,533	11,742	Upgrade
Free Cash Flow	4,044	3,830	-260	1,247	-40	-5,860	Upgrade
Free Cash Flow Growth	5.59%	-	-	-	-	-	Upgrade
FCF Margin	6.97%	6.71%	-0.48%	2.77%	-0.16%	-38.16%	Upgrade
Free Cash Flow Per Share	12.20	11.49	-0.78	3.78	-0.12	-20.97	Upgrade
Levered Free Cash Flow	-5,406	-1,907	-2,972	-2,270	6,645	5,237	Upgrade
Unlevered Free Cash Flow	-1,773	2,793	-475.08	2,008	1,933	-4,016	Upgrade

Updated Jun 30, 2025. Data Source: Fiscal.ai. Standard template. Financial Sources.