Alaska Air Group, Inc. (ALK)
NYSE: ALK · Real-Time Price · USD
42.72
+0.52 (1.23%)
Aug 28, 2026, 2:31 PM EDT - Market open
Alaska Air Group Cash Flow Statement
Financials in millions USD. Fiscal year is January - December.
Millions USD. Fiscal year is Jan - Dec.
Operating Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 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 |
Net Income | -175 | 100 | 395 | 235 | 58 | 478 |
Depreciation & Amortization | 734 | 716 | 536 | 426 | 398 | 394 |
Other Amortization | 79 | 79 | 47 | 25 | 17 | - |
Asset Writedown & Restructuring Costs | - | - | - | - | - | -10 |
Stock-Based Compensation | 42 | 10 | 63 | 85 | 42 | 51 |
Other Operating Activities | -1 | 51 | -70 | 422 | 496 | -1 |
Change in Accounts Receivable | 48 | -4 | -128 | -19 | -45 | -69 |
Change in Unearned Revenue | 329 | 154 | 179 | 62 | 156 | 171 |
Change in Income Taxes | - | - | - | - | 295 | 3 |
Change in Other Net Operating Assets | 180 | 96 | 307 | -267 | -21 | -91 |
Operating Cash Flow | 1,020 | 1,249 | 1,464 | 1,050 | 1,418 | 1,030 |
Operating Cash Flow Growth | -28.52% | -14.69% | 39.43% | -25.95% | 37.67% | - |
Investing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 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 |
Capital Expenditures | -1,370 | -1,588 | -1,281 | -1,494 | -1,671 | -292 |
Sale of Property, Plant & Equipment | - | - | - | - | - | 2 |
Cash Acquisitions | - | - | -659 | - | - | - |
Investment in Securities | -222 | -190 | 929 | 616 | 455 | -706 |
Other Investing Activities | 81 | 155 | 377 | -86 | -2 | -12 |
Investing Cash Flow | -1,511 | -1,623 | -634 | -964 | -1,218 | -1,008 |
Financing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 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 |
Long-Term Debt Issued | - | 808 | 2,310 | 411 | - | 363 |
Long-Term Debt Repaid | - | -519 | -1,915 | -282 | -385 | -1,334 |
Net Debt Issued (Repaid) | 1,051 | 289 | 395 | 129 | -385 | -971 |
Repurchase of Common Stock | -285 | -570 | -312 | -137 | - | - |
Other Financing Activities | 51 | 82 | 36 | -139 | 60 | 57 |
Financing Cash Flow | 817 | -199 | 119 | -147 | -325 | -914 |
Net Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 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 |
Net Cash Flow | 326 | -573 | 949 | -61 | -125 | -892 |
Free Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 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 |
Free Cash Flow | -350 | -339 | 183 | -444 | -253 | 738 |
Free Cash Flow Growth | - | - | - | - | - | - |
Free Cash Flow Margin | -2.37% | -2.38% | 1.56% | -4.26% | -2.62% | 11.95% |
Free Cash Flow Per Share | -3.07 | -2.83 | 1.43 | -3.45 | -1.98 | 5.82 |
Levered Free Cash Flow | -23.75 | -199 | 989.88 | -869.25 | -4.5 | 264.25 |
Unlevered Free Cash Flow | 140.63 | -52.13 | 1,079 | -810.5 | 54.25 | 337.38 |
Additional Metrics
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 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 Interest Paid | 229 | 223 | 148 | 105 | 71 | 109 |
Cash Income Tax Paid | 3 | 3 | 22 | 15 | - | 48 |
Change in Working Capital | 341 | 293 | 493 | -143 | 407 | 118 |