Alaska Air Group Balance Sheet

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Cash & Equivalents	478	655	1,230	281	338	470
Short-Term Investments	1,317	1,496	1,274	1,510	2,079	2,646
Cash & Short-Term Investments	1,795	2,151	2,504	1,791	2,417	3,116
Cash Growth	-27.97%	-14.10%	39.81%	-25.90%	-22.43%	-6.87%
Accounts Receivable	630	565	558	383	296	546
Inventory	232	203	199	116	104	62
Other Current Assets	360	347	499	415	223	196
Total Current Assets	3,017	3,266	3,760	2,705	3,040	3,920
Net Property, Plant & Equipment	13,315	13,125	12,077	9,583	8,728	7,591
Other Intangible Assets	801	815	873	90	-	-
Goodwill	2,723	2,723	2,724	1,943	2,038	2,044
Other Long-Term Assets	442	432	334	292	380	396
Total Assets	20,298	20,361	19,768	14,613	14,186	13,951
Accounts Payable	409	324	186	207	221	200
Accrued Expenses	1,778	1,936	1,998	1,384	1,465	1,082
Current Portion of Long-Term Debt	498	721	450	289	276	366
Current Portion of Leases	212	197	207	222	228	268
Unearned Revenue	1,781	1,722	1,592	1,221	1,123	912
Other Current Liabilities	2,378	1,689	1,712	1,136	1,180	1,163
Total Current Liabilities	7,056	6,589	6,145	4,459	4,493	3,991
Long-Term Debt	4,822	4,834	4,538	2,182	1,883	2,173
Long-Term Leases	1,136	1,141	1,198	1,125	1,393	1,279
Other Long-Term Liabilities	3,553	3,679	3,515	2,734	2,601	2,707
Total Long-Term Liabilities	9,511	9,654	9,251	6,041	3,994	3,986
Total Liabilities	16,567	16,243	15,396	10,500	8,487	7,977
Common Stock	1	1	1	1	1	1
Treasury Stock	-1,904	-1,701	-1,131	-819	-674	-674
Additional Paid-in Capital	973	961	811	695	577	494
Accumulated Other Comprehensive Income	-176	-173	-239	-299	-388	-262
Retained Earnings	4,837	5,030	4,930	4,535	4,300	4,242
Shareholders' Equity	3,731	4,118	4,372	4,113	3,816	3,801
Total Liabilities & Equity	20,298	20,361	19,768	14,613	14,186	13,951
Total Debt	6,668	6,893	6,393	3,818	3,780	4,086
Net Cash (Debt)	-4,873	-4,742	-3,889	-2,027	-1,363	-970
Net Cash Per Share	-41.65	-39.54	-30.30	-15.75	-10.66	-7.65
Book Value	3,731	4,118	4,372	4,113	3,816	3,801
Book Value Per Share	31.89	34.34	34.06	31.96	29.84	29.98
Tangible Book Value	207	580	775	2,080	1,778	1,757
Tangible Book Value Per Share	1.77	4.84	6.04	16.16	13.90	13.86

Updated May 6, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q