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	-	92	102	78	98
Other Operating Activities	769	-15	389	-148	-777
Change in Accounts Receivable	-	35	95	-637	-304
Change in Accounts Payable	-	257	209	360	461
Change in Unearned Revenue	-	1,286	-363	668	1,394
Change in Other Net Operating Assets	-	-763	295	-573	-510
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	-	-	-	-	374
Investment in Securities	1,284	819	1,538	3,394	-5,559
Other Investing Activities	601	896	556	-212	-590
Investing Cash Flow	-1,894	-968	-502	636	-5,983
Short-Term Debt Issued	840	-	-	-	-
Long-Term Debt Issued	3,773	1,670	4,822	1,069	12,190
Total Debt Issued	4,613	1,670	4,822	1,069	12,190
Long-Term Debt Repaid	-5,504	-4,467	-7,718	-3,752	-7,343
Net Debt Issued (Repaid)	-891	-2,797	-2,896	-2,683	4,847
Issuance of Common Stock	-	-	-	-	460
Other Financing Activities	-160	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%	-	-	-
Free Cash Flow 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
Cash Income Tax Paid	-	8	6	2	3
Levered Free Cash Flow	-1,563	1,001	1,580	73.88	723.75
Unlevered Free Cash Flow	-490.75	2,209	2,920	1,300	1,849
Change in Working Capital	-	815	236	-182	1,041

Source: S&P Global Market Intelligence. Standard template. Financial Sources.