United Airlines Holdings, Inc. (UAL)
NASDAQ: UAL · Real-Time Price · USD
107.57
-1.67 (-1.53%)
Nov 3, 2026, 12:37 PM EST - Market open
United Airlines Holdings Balance Sheet
Financials in millions USD. Fiscal year is January - December.
Millions USD. Fiscal year is Jan - Dec.
Assets
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 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 & Equivalents | 6,648 | 5,942 | 8,769 | 6,058 | 7,166 | 18,283 |
Short-Term Investments | 8,005 | 6,298 | 5,706 | 8,330 | 9,248 | 123 |
Cash & Short-Term Investments | 14,653 | 12,240 | 14,475 | 14,388 | 16,414 | 18,406 |
Cash Growth | 9.93% | -15.44% | 0.60% | -12.34% | -10.82% | 57.55% |
Receivables | 2,636 | 2,391 | 2,163 | 1,898 | 1,801 | 1,663 |
Inventory | 1,954 | 1,556 | 1,572 | 1,561 | 1,109 | 983 |
Prepaid Expenses | 746 | 671 | 662 | 609 | 689 | 745 |
Restricted Cash | - | - | 11 | 31 | 45 | 37 |
Other Current Assets | -1 | -1 | - | - | - | - |
Total Current Assets | 19,988 | 16,857 | 18,883 | 18,487 | 20,058 | 21,834 |
Property, Plant & Equipment | 56,360 | 47,573 | 43,296 | 40,179 | 35,517 | 34,504 |
Long-Term Investments | 1,458 | 1,191 | 1,101 | 1,636 | 1,373 | 1,420 |
Goodwill | 4,527 | 4,527 | 4,527 | 4,527 | 4,527 | 4,527 |
Other Intangible Assets | 2,641 | 2,655 | 2,683 | 2,725 | 2,762 | 2,803 |
Long-Term Deferred Tax Assets | - | - | - | - | 91 | 659 |
Other Long-Term Assets | 146 | 3,645 | 3,593 | 3,550 | 3,030 | 2,428 |
Total Assets | 85,120 | 76,448 | 74,083 | 71,104 | 67,358 | 68,175 |
Liabilities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 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 |
Accounts Payable | 5,403 | 4,567 | 4,193 | 3,835 | 3,395 | 2,562 |
Accrued Expenses | 3,007 | 3,900 | 3,289 | 2,940 | 1,971 | 2,121 |
Current Portion of Long-Term Debt | 1,848 | 4,330 | 3,453 | 4,247 | 2,934 | 3,836 |
Current Portion of Leases | 934 | 727 | 467 | 576 | 665 | 632 |
Current Unearned Revenue | 14,756 | 11,852 | 10,964 | 9,799 | 10,248 | 8,593 |
Other Current Liabilities | 691 | 757 | 948 | 806 | 779 | 560 |
Total Current Liabilities | 26,639 | 26,133 | 23,314 | 22,203 | 19,992 | 18,304 |
Long-Term Debt | 24,550 | 20,184 | 25,203 | 27,413 | 29,127 | 31,224 |
Long-Term Leases | 6,962 | 5,795 | 4,510 | 4,503 | 4,574 | 5,371 |
Long-Term Unearned Revenue | 3,881 | 4,056 | 4,038 | 4,048 | 3,982 | 4,043 |
Pension & Post-Retirement Benefits | 825 | 1,058 | 1,233 | 1,605 | 1,418 | 2,920 |
Long-Term Deferred Tax Liabilities | 3,093 | 2,463 | 1,580 | 594 | - | - |
Other Long-Term Liabilities | 1,416 | 1,477 | 1,530 | 1,414 | 1,369 | 1,284 |
Total Liabilities | 67,366 | 61,166 | 61,408 | 61,780 | 60,462 | 63,146 |
Shareholders' Equity
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 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 |
Common Stock | 4 | 4 | 4 | 4 | 4 | 4 |
Additional Paid-In Capital | 8,936 | 8,911 | 8,980 | 8,992 | 8,986 | 9,156 |
Retained Earnings | 12,557 | 10,092 | 6,880 | 3,831 | 1,265 | 625 |
Treasury Stock | -3,718 | -3,773 | -3,377 | -3,441 | -3,534 | -3,814 |
Comprehensive Income & Other | -25 | 48 | 188 | -62 | 175 | -942 |
Shareholders' Equity | 17,754 | 15,282 | 12,675 | 9,324 | 6,896 | 5,029 |
Total Liabilities & Equity | 85,120 | 76,448 | 74,083 | 71,104 | 67,358 | 68,175 |
Additional Metrics
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 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 |
Total Debt | 34,294 | 31,036 | 33,633 | 36,739 | 37,300 | 41,063 |
Net Cash (Debt) | -19,641 | -18,796 | -19,158 | -22,351 | -20,886 | -22,657 |
Net Cash Growth | - | - | - | - | - | - |
Net Cash Per Share | -60.08 | -57.22 | -57.50 | -67.34 | -63.27 | -70.39 |
Filing Date Shares Outstanding | 324.89 | 323.43 | 327.34 | 328.03 | 327.09 | 324.63 |
Total Common Shares Outstanding | 324.89 | 323.47 | 327.9 | 328.02 | 326.93 | 323.81 |
Working Capital | -6,651 | -9,276 | -4,431 | -3,716 | 66 | 3,530 |
Book Value Per Share | 54.65 | 47.24 | 38.66 | 28.43 | 21.09 | 15.53 |
Tangible Book Value | 10,586 | 8,100 | 5,465 | 2,072 | -393 | -2,301 |
Tangible Book Value Per Share | 32.58 | 25.04 | 16.67 | 6.32 | -1.20 | -7.11 |
Machinery | - | 56,877 | 52,696 | 48,448 | 42,775 | 39,584 |