Alaska Air 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	100	395	235	58	478
Depreciation & Amortization	795	536	426	398	394
Other Amortization	-	47	25	17	-
Asset Writedown & Restructuring Costs	-	-	-	-	-10
Stock-Based Compensation	-	63	85	42	51
Other Operating Activities	61	-70	422	496	-1
Change in Accounts Receivable	-	-128	-19	-45	-69
Change in Unearned Revenue	-	179	62	156	171
Change in Income Taxes	-	-	-	295	3
Change in Other Net Operating Assets	293	307	-267	-21	-91
Operating Cash Flow	1,249	1,464	1,050	1,418	1,030
Operating Cash Flow Growth	-14.69%	39.43%	-25.95%	37.67%	-
Capital Expenditures	-1,588	-1,281	-1,494	-1,671	-292
Sale of Property, Plant & Equipment	-	-	-	-	2
Cash Acquisitions	-	-659	-	-	-
Investment in Securities	-	929	616	455	-706
Other Investing Activities	-35	377	-86	-2	-12
Investing Cash Flow	-1,623	-634	-964	-1,218	-1,008
Long-Term Debt Issued	-	2,310	411	-	363
Long-Term Debt Repaid	-	-1,915	-282	-385	-1,334
Net Debt Issued (Repaid)	-	395	129	-385	-971
Repurchase of Common Stock	-	-312	-137	-	-
Other Financing Activities	-199	36	-139	60	57
Financing Cash Flow	-199	119	-147	-325	-914
Net Cash Flow	-573	949	-61	-125	-892
Free Cash Flow	-339	183	-444	-253	738
Free Cash Flow Margin	-2.38%	1.56%	-4.26%	-2.62%	11.95%
Free Cash Flow Per Share	-2.83	1.43	-3.45	-1.98	5.82
Cash Interest Paid	-	148	105	71	109
Cash Income Tax Paid	-	22	15	-	48
Levered Free Cash Flow	-271.75	1,001	-845.5	-4.5	264.25
Unlevered Free Cash Flow	-124.88	1,090	-786.75	54.25	337.38
Change in Working Capital	293	493	-143	407	118

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