Alaska Air Group, Inc. (FRA:ALK)

Alaska Air Group Cash Flow Statement

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

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Net Income	100	395	235	58	478
Depreciation & Amortization	716	536	426	398	394
Other Amortization	79	47	25	17	-
Asset Writedown & Restructuring Costs	-	-	-	-	-10
Stock-Based Compensation	10	63	85	42	51
Other Operating Activities	51	-70	422	496	-1
Change in Accounts Receivable	-4	-128	-19	-45	-69
Change in Unearned Revenue	154	179	62	156	171
Change in Income Taxes	-	-	-	295	3
Change in Other Net Operating Assets	96	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	-190	929	616	455	-706
Other Investing Activities	155	377	-86	-2	-12
Investing Cash Flow	-1,623	-634	-964	-1,218	-1,008
Long-Term Debt Issued	808	2,310	411	-	363
Long-Term Debt Repaid	-519	-1,915	-282	-385	-1,334
Net Debt Issued (Repaid)	289	395	129	-385	-971
Repurchase of Common Stock	-570	-312	-137	-	-
Other Financing Activities	82	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	223	148	105	71	109
Cash Income Tax Paid	3	22	15	-	48
Levered Free Cash Flow	-199	989.88	-869.25	-4.5	264.25
Unlevered Free Cash Flow	-52.13	1,079	-810.5	54.25	337.38
Change in Working Capital	293	493	-143	407	118

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