Air Canada Balance Sheet

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

Millions CAD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 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
Cash & Equivalents	3,890	2,518	2,817	2,693	4,248	3,658
Short-Term Investments	2,507	4,464	5,734	5,295	4,554	3,843
Cash & Short-Term Investments	6,397	6,982	8,551	7,988	8,802	7,501
Cash Growth	-23.66%	-18.35%	7.05%	-9.25%	17.34%	27.37%
Accounts Receivable	1,206	1,089	1,121	1,037	691	644
Receivables	1,206	1,089	1,121	1,037	691	644
Inventory	428	391	337	318	224	166
Prepaid Expenses	341	476	124	189	83	180
Restricted Cash	-	-	-	-	167	106
Other Current Assets	-	124	127	133	86	74
Total Current Assets	8,372	9,062	10,260	9,665	10,053	8,671
Property, Plant & Equipment	14,036	11,635	11,222	11,480	11,191	11,383
Long-Term Investments	863	857	820	887	653	570
Goodwill	3,273	3,273	3,273	3,273	3,273	3,273
Other Intangible Assets	1,216	1,170	1,084	1,054	1,080	1,134
Long-Term Deferred Tax Assets	846	1,039	50	48	39	25
Other Long-Term Assets	2,417	4,172	3,462	3,100	4,325	3,857
Total Assets	31,023	31,208	30,171	29,507	30,614	28,913
Accounts Payable	4,582	3,324	3,029	2,552	2,359	2,052
Accrued Expenses	-	307	252	98	206	375
Current Portion of Long-Term Debt	2,525	1,163	359	713	511	1,244
Current Portion of Leases	545	592	507	550	501	544
Current Unearned Revenue	6,578	5,975	5,814	5,399	3,309	2,886
Other Current Liabilities	-	87	38	41	38	38
Total Current Liabilities	14,230	11,448	9,999	9,353	6,924	7,139
Long-Term Debt	6,762	9,074	10,966	12,555	12,833	8,149
Long-Term Leases	1,937	1,841	2,030	2,488	2,678	3,052
Long-Term Unearned Revenue	2,811	2,952	2,989	3,160	3,656	4,032
Pension & Post-Retirement Benefits	1,606	1,842	1,875	1,770	2,588	3,015
Long-Term Deferred Tax Liabilities	73	73	73	73	73	75
Other Long-Term Liabilities	1,423	1,590	1,443	1,663	1,853	1,736
Total Liabilities	28,842	28,820	29,375	31,062	30,605	27,198
Common Stock	2,286	2,612	2,744	2,743	2,735	2,150
Additional Paid-In Capital	163	149	133	118	104	98
Retained Earnings	-222	-325	-2,024	-4,370	-2,785	-494
Comprehensive Income & Other	-46	-48	-57	-46	-45	-39
Total Common Equity	2,181	2,388	796	-1,555	9	1,715
Shareholders' Equity	2,181	2,388	796	-1,555	9	1,715
Total Liabilities & Equity	31,023	31,208	30,171	29,507	30,614	28,913
Total Debt	11,769	12,670	13,862	16,306	16,523	12,989
Net Cash (Debt)	-5,372	-5,688	-5,311	-8,318	-7,721	-5,488
Net Cash Per Share	-16.45	-15.13	-14.13	-23.23	-22.00	-19.46
Filing Date Shares Outstanding	296.2	339.84	358.47	358.36	357.84	332.17
Total Common Shares Outstanding	296.2	339.84	358.47	358.36	357.84	332.17
Working Capital	-5,858	-2,386	261	312	3,129	1,532
Book Value Per Share	7.36	7.03	2.22	-4.34	0.03	5.16
Tangible Book Value	-2,308	-2,055	-3,561	-5,882	-4,344	-2,692
Tangible Book Value Per Share	-7.79	-6.05	-9.93	-16.41	-12.14	-8.10
Buildings	-	1,225	1,122	1,091	1,050	1,033
Machinery	-	16,581	15,801	15,016	13,960	13,527

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