Air Canada Balance Sheet

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

Millions CAD. 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
Cash & Equivalents	2,795	2,518	2,817	2,693	4,248
Short-Term Investments	2,730	4,464	5,734	5,295	4,554
Cash & Short-Term Investments	5,525	6,982	8,551	7,988	8,802
Cash Growth	-20.87%	-18.35%	7.05%	-9.25%	17.34%
Accounts Receivable	1,292	1,089	1,121	1,037	691
Receivables	1,292	1,089	1,121	1,037	691
Inventory	490	391	337	318	224
Prepaid Expenses	478	476	124	189	83
Restricted Cash	-	-	-	-	167
Other Current Assets	131	124	127	133	86
Total Current Assets	7,916	9,062	10,260	9,665	10,053
Property, Plant & Equipment	12,570	11,635	11,222	11,480	11,191
Long-Term Investments	715	857	820	887	653
Goodwill	3,273	3,273	3,273	3,273	3,273
Other Intangible Assets	1,265	1,170	1,084	1,054	1,080
Long-Term Deferred Tax Assets	774	1,039	50	48	39
Other Long-Term Assets	4,702	4,172	3,462	3,100	4,325
Total Assets	31,215	31,208	30,171	29,507	30,614
Accounts Payable	4,105	3,324	3,029	2,552	2,359
Accrued Expenses	132	307	252	98	206
Current Portion of Long-Term Debt	2,429	1,163	359	713	511
Current Portion of Leases	538	592	507	550	501
Current Unearned Revenue	6,654	5,975	5,814	5,399	3,309
Other Current Liabilities	276	87	38	41	38
Total Current Liabilities	14,134	11,448	9,999	9,353	6,924
Long-Term Debt	6,675	9,074	10,966	12,555	12,833
Long-Term Leases	1,934	1,841	2,030	2,488	2,678
Long-Term Unearned Revenue	2,779	2,952	2,989	3,160	3,656
Pension & Post-Retirement Benefits	1,534	1,842	1,875	1,770	2,588
Long-Term Deferred Tax Liabilities	73	73	73	73	73
Other Long-Term Liabilities	1,495	1,590	1,443	1,663	1,853
Total Liabilities	28,624	28,820	29,375	31,062	30,605
Common Stock	2,275	2,612	2,744	2,743	2,735
Additional Paid-In Capital	166	149	133	118	104
Retained Earnings	202	-325	-2,024	-4,370	-2,785
Comprehensive Income & Other	-52	-48	-57	-46	-45
Total Common Equity	2,591	2,388	796	-1,555	9
Shareholders' Equity	2,591	2,388	796	-1,555	9
Total Liabilities & Equity	31,215	31,208	30,171	29,507	30,614
Total Debt	11,576	12,670	13,862	16,306	16,523
Net Cash (Debt)	-6,051	-5,688	-5,311	-8,318	-7,721
Net Cash Per Share	-18.91	-15.13	-14.13	-23.23	-22.00
Filing Date Shares Outstanding	294.55	339.84	358.47	358.36	357.84
Total Common Shares Outstanding	294.55	339.84	358.47	358.36	357.84
Working Capital	-6,218	-2,386	261	312	3,129
Book Value Per Share	8.80	7.03	2.22	-4.34	0.03
Tangible Book Value	-1,947	-2,055	-3,561	-5,882	-4,344
Tangible Book Value Per Share	-6.61	-6.05	-9.93	-16.41	-12.14
Buildings	1,287	1,225	1,122	1,091	1,050
Machinery	17,906	16,581	15,801	15,016	13,960

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