American Airlines Group Cash Flow Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	2015 - 2019
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020	2015 - 2019
Net Income	602	846	822	127	-1,993	-8,885	Upgrade
Depreciation & Amortization	2,245	2,245	2,254	2,298	2,335	2,370	Upgrade
Loss (Gain) From Sale of Assets	-	-	-	-	-	-95	Upgrade
Stock-Based Compensation	92	92	102	78	98	91	Upgrade
Other Operating Activities	17	-15	389	-148	-777	-1,241	Upgrade
Change in Accounts Receivable	35	35	95	-637	-304	538	Upgrade
Change in Accounts Payable	257	257	209	360	461	-626	Upgrade
Change in Unearned Revenue	1,286	1,286	-363	668	1,394	529	Upgrade
Change in Other Net Operating Assets	-763	-763	295	-573	-510	776	Upgrade
Operating Cash Flow	3,771	3,983	3,803	2,173	704	-6,543	Upgrade
Operating Cash Flow Growth	68.80%	4.73%	75.01%	208.67%	-	-	Upgrade
Capital Expenditures	-2,889	-2,683	-2,596	-2,546	-208	-2,131	Upgrade
Sale of Property, Plant & Equipment	-	-	-	-	374	351	Upgrade
Investment in Securities	1,589	819	1,538	3,394	-5,559	-3,070	Upgrade
Other Investing Activities	662	896	556	-212	-590	508	Upgrade
Investing Cash Flow	-638	-968	-502	636	-5,983	-4,342	Upgrade
Long-Term Debt Issued	-	1,670	4,822	1,069	12,190	11,780	Upgrade
Long-Term Debt Repaid	-	-4,467	-7,718	-3,752	-7,343	-3,535	Upgrade
Net Debt Issued (Repaid)	-3,269	-2,797	-2,896	-2,683	4,847	8,245	Upgrade
Issuance of Common Stock	-	-	-	-	460	2,970	Upgrade
Repurchase of Common Stock	-	-	-	-	-	-173	Upgrade
Common Dividends Paid	-	-	-	-	-	-43	Upgrade
Other Financing Activities	141	3	-310	52	-19	-5	Upgrade
Financing Cash Flow	-3,128	-2,794	-3,206	-2,631	5,288	10,994	Upgrade
Net Cash Flow	5	221	95	178	9	109	Upgrade
Free Cash Flow	882	1,300	1,207	-373	496	-8,674	Upgrade
Free Cash Flow Growth	-	7.70%	-	-	-	-	Upgrade
Free Cash Flow Margin	1.62%	2.40%	2.29%	-0.76%	1.66%	-50.03%	Upgrade
Free Cash Flow Per Share	1.22	1.80	1.68	-0.57	0.77	-17.93	Upgrade
Cash Income Tax Paid	15	8	6	2	3	6	Upgrade
Levered Free Cash Flow	422.5	1,001	1,580	73.88	723.75	-9,026	Upgrade
Unlevered Free Cash Flow	1,525	2,209	2,920	1,300	1,849	-8,259	Upgrade
Change in Working Capital	815	815	236	-182	1,041	1,217	Upgrade

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