Icelandair Group hf. (ICE:ICEAIR)

Icelandair Group Balance Sheet

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Cash & Equivalents	235.62	150.24	199.51	224.25	204.77	117.66
Short-Term Investments	175.15	104.56	71.01	42.16	58.2	-
Trading Asset Securities	-	-	-	-	-	41.71
Cash & Short-Term Investments	410.78	254.8	270.52	266.41	262.96	159.37
Cash Growth	35.27%	-5.81%	1.54%	1.31%	65.00%	-32.20%
Accounts Receivable	190.33	81.26	59.2	71.04	50.26	38.66
Other Receivables	-	19.09	37.38	31.99	30.85	43.48
Receivables	190.33	100.35	96.59	103.04	81.1	82.14
Inventory	28.65	24.49	23.84	22.49	24.4	23.38
Prepaid Expenses	-	25.23	28.32	21.49	17.13	6.89
Restricted Cash	-	34.25	37.01	30.8	20.19	10.3
Other Current Assets	12.56	4.42	0.79	2.03	2.85	-
Total Current Assets	642.32	443.53	457.08	446.25	408.63	282.09
Property, Plant & Equipment	1,043	965.93	903.63	824.56	616.09	618.23
Long-Term Investments	36.86	31.74	8.4	11.9	11.59	9.6
Goodwill	-	22.42	22.42	22.42	22.42	24.59
Other Intangible Assets	57.79	33.96	32.96	32.78	33.19	35.67
Long-Term Deferred Tax Assets	66.09	63.79	59.73	55.59	60.65	38.84
Long-Term Deferred Charges	-	-	-	-	-	3.54
Other Long-Term Assets	79.74	76.49	43.47	17.67	18.99	21.69
Total Assets	1,926	1,638	1,528	1,411	1,172	1,034
Accounts Payable	323.1	49.73	55.09	54.39	25.66	13.66
Accrued Expenses	-	17.01	10.41	10.62	6.07	14.25
Short-Term Debt	-	-	-	-	-	27.94
Current Portion of Long-Term Debt	37.51	41.05	44.94	48.45	35.65	24.01
Current Portion of Leases	77.39	66.3	54.08	45.46	33.62	26.89
Current Unearned Revenue	379.02	351.58	317.79	303.36	259.08	187.4
Other Current Liabilities	-	180.08	163.52	137.6	131.54	106.31
Total Current Liabilities	817.02	705.75	645.82	599.88	491.61	400.47
Long-Term Debt	142.91	164.71	207.39	207.26	222.14	239.58
Long-Term Leases	480.69	398.8	332.17	296.69	212.04	119.71
Other Long-Term Liabilities	146.4	99.55	53.95	33.95	23.38	41.68
Total Liabilities	1,587	1,369	1,239	1,138	949.18	801.43
Common Stock	310.97	310.97	310.97	310.97	272.2	212.97
Additional Paid-In Capital	-	-	-	-	34.18	13.21
Retained Earnings	-9.93	-37.32	-17.64	-28.73	-86.82	16.68
Comprehensive Income & Other	36.16	-6.25	-6.26	-9.74	5.06	-8.31
Total Common Equity	337.21	267.4	287.07	272.51	224.62	234.55
Minority Interest	1.37	1.67	1.28	0.88	-2.24	-1.74
Shareholders' Equity	338.57	269.07	288.35	273.39	222.38	232.81
Total Liabilities & Equity	1,926	1,638	1,528	1,411	1,172	1,034
Total Debt	738.5	670.86	638.58	597.87	503.44	438.13
Net Cash (Debt)	-327.72	-416.06	-368.06	-331.46	-240.48	-278.76
Net Cash Per Share	-0.01	-0.01	-0.01	-0.01	-0.01	-0.02
Filing Date Shares Outstanding	41,120	41,120	41,120	41,120	35,958	28,438
Total Common Shares Outstanding	41,120	41,120	41,120	41,120	35,958	28,438
Working Capital	-174.7	-262.21	-188.74	-153.64	-82.98	-118.38
Book Value Per Share	0.01	0.01	0.01	0.01	0.01	0.01
Tangible Book Value	279.41	211.01	231.69	217.31	169.01	174.29
Tangible Book Value Per Share	0.01	0.01	0.01	0.01	0.00	0.01
Buildings	-	130.21	108.1	91.66	89.02	91.29
Machinery	-	949.19	949.45	882.65	704.05	774.24

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.