Icelandair Group hf. (ICE: ICEAIR)

Icelandair Group Balance Sheet

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

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Cash & Equivalents	170.32	199.51	224.25	204.77	117.66	235.07
Short-Term Investments	133.35	71.01	42.16	58.2	-	-
Trading Asset Securities	-	-	-	-	41.71	-
Cash & Short-Term Investments	303.67	270.52	266.41	262.96	159.37	235.07
Cash Growth	-18.30%	1.54%	1.31%	65.00%	-32.20%	-21.50%
Accounts Receivable	177.4	59.2	71.04	50.26	38.66	75.88
Other Receivables	-	37.38	31.99	30.85	43.48	26.89
Receivables	177.4	96.59	103.04	81.1	82.14	102.77
Inventory	23.15	23.84	22.49	24.4	23.38	22.69
Prepaid Expenses	-	28.32	21.49	17.13	6.89	16.88
Restricted Cash	-	37.01	30.8	20.19	10.3	5.23
Other Current Assets	3.21	0.79	2.03	2.85	-	278.79
Total Current Assets	507.43	457.08	446.25	408.63	282.09	661.43
Property, Plant & Equipment	925.26	903.63	824.56	616.09	618.23	764.44
Long-Term Investments	32.06	8.4	11.9	11.59	9.6	25.78
Goodwill	-	22.42	22.42	22.42	24.59	138.58
Other Intangible Assets	56	32.96	32.78	33.19	35.67	36.65
Long-Term Deferred Tax Assets	60.09	59.73	55.59	60.65	38.84	-
Long-Term Deferred Charges	-	-	-	-	3.54	4.74
Other Long-Term Assets	78.51	43.47	17.67	18.99	21.69	44.97
Total Assets	1,659	1,528	1,411	1,172	1,034	1,677
Accounts Payable	262.6	55.09	54.39	25.66	13.66	58.39
Accrued Expenses	-	10.41	10.62	6.07	14.25	9.3
Short-Term Debt	-	-	-	-	27.94	42.26
Current Portion of Long-Term Debt	41.5	44.94	48.45	35.65	24.01	37.7
Current Portion of Leases	62.3	54.08	45.46	33.62	26.89	22.98
Current Unearned Revenue	338.77	317.79	303.36	259.08	187.4	203.98
Other Current Liabilities	13.04	163.52	137.6	131.54	106.31	393.6
Total Current Liabilities	718.2	645.82	599.88	491.61	400.47	768.21
Long-Term Debt	177.89	207.39	207.26	222.14	239.58	241.33
Long-Term Leases	366.1	332.17	296.69	212.04	119.71	135.47
Long-Term Deferred Tax Liabilities	-	-	-	-	-	25.68
Other Long-Term Liabilities	100.04	53.95	33.95	23.38	41.68	23.42
Total Liabilities	1,362	1,239	1,138	949.18	801.43	1,194
Common Stock	310.97	310.97	310.97	272.2	212.97	44.2
Additional Paid-In Capital	-	-	-	34.18	13.21	174.3
Retained Earnings	-6.75	-17.64	-28.73	-86.82	16.68	240.26
Comprehensive Income & Other	-8.54	-6.26	-9.74	5.06	-8.31	24.32
Total Common Equity	295.68	287.07	272.51	224.62	234.55	483.08
Minority Interest	1.43	1.28	0.88	-2.24	-1.74	-0.6
Shareholders' Equity	297.12	288.35	273.39	222.38	232.81	482.48
Total Liabilities & Equity	1,659	1,528	1,411	1,172	1,034	1,677
Total Debt	647.78	638.58	597.87	503.44	438.13	479.74
Net Cash (Debt)	-344.11	-368.06	-331.46	-240.48	-278.76	-244.67
Net Cash Per Share	-0.01	-0.01	-0.01	-0.01	-0.02	-0.05
Filing Date Shares Outstanding	46,191	41,120	41,120	35,958	28,438	5,438
Total Common Shares Outstanding	46,191	41,120	41,120	35,958	28,438	5,438
Working Capital	-210.77	-188.74	-153.64	-82.98	-118.38	-106.78
Book Value Per Share	0.01	0.01	0.01	0.01	0.01	0.09
Tangible Book Value	239.68	231.69	217.31	169.01	174.29	307.85
Tangible Book Value Per Share	0.01	0.01	0.01	0.00	0.01	0.06
Buildings	-	108.1	91.66	89.02	91.29	103.51
Machinery	-	949.45	882.65	704.05	774.24	791.11

Source: S&P Capital IQ. Standard template. Financial Sources.