American Airlines Group Inc. (AAL)

American Airlines Cash Flow Statement

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

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Net Income	-	111	846	822	127	-1,993
Depreciation & Amortization	-	2,219	2,245	2,254	2,298	2,335
Stock-Based Compensation	-	57	92	102	78	98
Other Adjustments	-	-34	-15	389	-148	-777
Change in Receivables	-	-74	35	95	-637	-304
Changes in Accounts Payable	-	335	257	209	360	461
Changes in Other Operating Activities	-	485	523	-68	95	884
Operating Cash Flow	4,866	3,099	3,983	3,803	2,173	704
Operating Cash Flow Growth	14.25%	-22.19%	4.73%	75.01%	208.67%	-
Capital Expenditures	-3,766	-3,779	-2,683	-2,596	-2,546	-208
Sale of Property, Plant & Equipment	244	344	654	230	147	374
Purchases of Investments	-5,872	-4,905	-7,194	-7,323	-11,578	-19,482
Proceeds from Sale of Investments	6,103	6,189	8,013	8,861	14,972	13,923
Other Investing Activities	173	257	242	326	-359	-590
Investing Cash Flow	-3,018	-1,894	-968	-502	636	-5,983
Long-Term Debt Issued	4,445	3,773	1,670	4,822	1,069	12,190
Long-Term Debt Repaid	-6,466	-5,504	-4,467	-7,718	-3,752	-7,343
Net Long-Term Debt Issued (Repaid)	-2,021	-1,731	-2,797	-2,896	-2,683	4,847
Issuance of Common Stock	-	-	-	-	-	460
Net Common Stock Issued (Repurchased)	-	-	-	-	-	460
Other Financing Activities	-596	680	3	-310	52	-19
Financing Cash Flow	-1,777	-1,051	-2,794	-3,206	-2,631	5,288
Net Cash Flow	71	154	221	95	178	9
Free Cash Flow	1,100	-680	1,300	1,207	-373	496
Free Cash Flow Growth	-	-	7.70%	-	-	-
FCF Margin	1.96%	-1.24%	2.40%	2.29%	-0.76%	1.66%
Free Cash Flow Per Share	1.66	-1.03	1.80	1.68	-0.57	0.77
Levered Free Cash Flow	-5,585	-2,360	-1,609	-2,275	-2,349	6,326
Unlevered Free Cash Flow	-2,819	117.04	2,258	2,024	1,304	2,644

Updated Apr 23, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q