Alaska Air Group Balance Sheet

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
Cash & Equivalents	627	1,201	281	338	470
Short-Term Investments	1,496	1,274	1,510	2,079	2,646
Trading Asset Securities	-	-	-	8	-
Cash & Short-Term Investments	2,123	2,475	1,791	2,425	3,116
Cash Growth	-14.22%	38.19%	-26.14%	-22.18%	-6.87%
Receivables	565	558	383	296	546
Inventory	203	199	116	104	62
Prepaid Expenses	278	307	176	163	120
Restricted Cash	28	29	-	-	-
Other Current Assets	69	192	239	52	76
Total Current Assets	3,266	3,760	2,705	3,040	3,920
Property, Plant & Equipment	12,394	11,194	9,092	8,058	7,207
Long-Term Investments	-	-	-	7	-
Goodwill	2,723	2,724	1,943	-	-
Other Intangible Assets	815	873	90	2,038	2,044
Other Long-Term Assets	1,163	1,217	783	1,043	780
Total Assets	20,361	19,768	14,613	14,186	13,951
Accounts Payable	324	186	207	221	200
Accrued Expenses	1,936	1,978	1,272	1,279	1,023
Current Portion of Long-Term Debt	721	442	289	276	372
Current Portion of Leases	197	215	222	228	268
Current Unearned Revenue	3,411	3,304	2,357	2,303	2,075
Other Current Liabilities	-	20	112	186	53
Total Current Liabilities	6,589	6,145	4,459	4,493	3,991
Long-Term Debt	4,834	4,491	2,182	1,883	2,176
Long-Term Leases	1,141	1,245	1,125	1,393	1,279
Long-Term Unearned Revenue	1,711	1,664	1,382	1,374	1,446
Pension & Post-Retirement Benefits	369	460	362	348	305
Long-Term Deferred Tax Liabilities	1,004	934	695	574	578
Other Long-Term Liabilities	595	457	295	305	375
Total Liabilities	16,243	15,396	10,500	10,370	10,150
Common Stock	1	1	1	1	1
Additional Paid-In Capital	961	811	695	577	494
Retained Earnings	5,030	4,930	4,535	4,300	4,242
Treasury Stock	-1,701	-1,131	-819	-674	-674
Comprehensive Income & Other	-173	-239	-299	-388	-262
Shareholders' Equity	4,118	4,372	4,113	3,816	3,801
Total Liabilities & Equity	20,361	19,768	14,613	14,186	13,951
Total Debt	6,893	6,393	3,818	3,780	4,095
Net Cash (Debt)	-4,770	-3,918	-2,027	-1,355	-979
Net Cash Per Share	-39.77	-30.52	-15.75	-10.59	-7.72
Filing Date Shares Outstanding	115.53	123.08	126.05	127.54	125.91
Total Common Shares Outstanding	115.53	123.12	126.09	127.53	125.91
Working Capital	-3,323	-2,385	-1,754	-1,453	-71
Book Value Per Share	35.64	35.51	32.62	29.92	30.19
Tangible Book Value	580	775	2,080	1,778	1,757
Tangible Book Value Per Share	5.02	6.29	16.50	13.94	13.95
Machinery	13,647	12,273	10,425	9,053	8,127

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