Alaska Air Group Cash Flow Statement

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
Net Income	73	100	395	235	58	478
Depreciation & Amortization	805	795	583	451	415	394
Stock-Based Compensation	15	10	63	85	42	51
Other Adjustments	-13	98	65	503	518	105
Change in Receivables	-58	-4	-128	-19	-45	-69
Changes in Unearned Revenue	341	154	179	62	156	171
Changes in Other Operating Activities	212	96	307	-267	274	-88
Operating Cash Flow	1,211	1,249	1,464	1,050	1,418	1,030
Operating Cash Flow Growth	-25.75%	-14.69%	39.43%	-25.95%	37.67%	-
Capital Expenditures	-2,203	-1,588	-1,281	-1,494	-1,671	-584
Purchases of Investments	-1,341	-1,479	-832	-536	-1,797	-4,301
Proceeds from Sale of Investments	1,457	1,289	1,761	1,152	2,252	3,595
Payments for Business Acquisitions	-	-	-659	-	-	-
Other Investing Activities	161	155	377	-86	-2	-10
Investing Cash Flow	-1,411	-1,623	-634	-964	-1,218	-1,008
Long-Term Debt Issued	918	808	2,310	411	-	363
Long-Term Debt Repaid	-703	-519	-1,915	-282	-385	-1,334
Net Long-Term Debt Issued (Repaid)	215	289	395	129	-385	-971
Repurchase of Common Stock	-658	-570	-312	-137	-	-
Net Common Stock Issued (Repurchased)	-658	-570	-312	-137	-	-
Other Financing Activities	52	82	36	-139	60	57
Financing Cash Flow	-391	-199	119	-147	-325	-914
Net Cash Flow	-591	-573	949	-61	-125	-892
Free Cash Flow	-991.5	-339	183	-444	-253	446
FCF Margin	-6.88%	-2.38%	1.56%	-4.26%	-2.62%	7.22%
Free Cash Flow Per Share	-8.47	-2.83	1.43	-3.45	-1.98	3.52
Levered Free Cash Flow	-556.5	-154	578	-884	-1,153	-600
Unlevered Free Cash Flow	-584.29	-335.47	201.12	-961.34	-774.61	413.56

SEC Filings: 10-K · 10-Q