United Airlines Income Statement (Quarterly)

The table below shows the quarterly income statements for United Airlines stock for the past 41 quarters.

Numbers in millions USD, except per-share numbers.

Quarter Ended	2019-12-31	2019-09-30	2019-06-30	2019-03-31	2018-12-31	2018-09-30	2018-06-30	2018-03-31	2017-12-31	2017-09-30	2017-06-30	2017-03-31	2016-12-31	2016-09-30	2016-06-30	2016-03-31	2015-12-31	2015-09-30	2015-06-30	2015-03-31	2014-12-31	2014-09-30	2014-06-30	2014-03-31	2013-12-31	2013-09-30	2013-06-30	2013-03-31	2012-12-31	2012-09-30	2012-06-30	2012-03-31	2011-12-31	2011-09-30	2011-06-30	2011-03-31	2010-12-31	2010-09-30	2010-06-30	2010-03-31	2009-12-31
Revenue	10,888	11,380	11,402	9,589	10,491	11,003	10,777	9,032	9,451	9,899	10,008	8,426	9,054	9,913	9,396	8,195	9,036	10,306	9,914	8,608	9,313	10,563	10,329	8,696	9,329	10,228	10,001	8,721	8,702	9,909	9,939	8,602	8,928	10,171	9,809	8,202	8,464	5,417	5,161	4,241	4,193
Revenue Growth (YoY)	3.78%	3.43%	5.8%	6.17%	11%	11.15%	7.68%	7.19%	4.38%	-0.14%	6.51%	2.82%	0.2%	-3.81%	-5.22%	-4.8%	-2.97%	-2.43%	-4.02%	-1.01%	-0.17%	3.28%	3.28%	-0.29%	7.21%	3.22%	0.62%	1.38%	-2.53%	-2.58%	1.33%	4.88%	5.48%	87.76%	90.06%	93.4%	101.86%	-	-	-	-
Cost of Revenue	4,166	4,219	4,254	3,788	4,169	4,430	4,265	3,741	3,755	3,557	3,383	3,273	3,267	3,340	3,152	2,845	3,312	3,666	3,867	3,575	4,325	4,948	4,952	4,730	4,754	5,126	4,918	4,813	4,829	5,252	5,237	4,972	4,841	5,168	5,040	4,410	4,215	2,563	2,488	2,155	684
Gross Profit	6,722	7,161	7,148	5,801	6,322	6,573	6,512	5,291	5,696	6,342	6,625	5,153	5,787	6,573	6,244	5,350	5,724	6,640	6,047	5,033	4,988	5,615	5,377	3,966	4,575	5,102	5,083	3,908	3,873	4,657	4,702	3,630	4,087	5,003	4,769	3,792	4,249	2,854	2,673	2,086	3,509
Selling, General & Admin	3,495	3,495	3,499	3,233	3,320	3,357	3,271	3,068	3,032	3,162	3,227	2,955	2,877	2,970	2,931	2,793	2,740	2,900	2,802	2,613	2,585	2,719	2,533	2,471	2,452	2,586	2,522	2,455	2,300	2,394	2,369	2,234	2,243	2,397	2,291	2,156	2,160	1,333	1,259	1,162	1,349
Operating Expenses	5,861	5,688	5,676	5,306	5,687	5,386	5,367	5,029	4,973	5,204	5,188	4,833	4,776	4,949	5,184	4,701	4,643	4,741	4,602	4,292	4,363	4,424	4,471	4,315	4,340	4,594	4,313	4,172	4,338	4,457	4,127	3,901	4,042	4,068	3,961	3,758	4,331	2,313	2,232	2,010	3,583
Operating Income	861	1,473	1,472	495	635	1,187	1,145	262	723	1,138	1,437	320	1,011	1,624	1,060	649	1,081	1,899	1,445	741	625	1,191	906	-349	235	508	770	-264	-465	200	575	-271	45.00	935	808	34.00	-82.00	541	441	76.00	-74.00
Income Taxes	203	325	302	75.00	92.00	225	172	37.00	25.00	348	456	51.00	470	545	343	181	82.00	-3,210	4.00	3.00	-5.00	-4.00	2.00	3.00	-28.00	3.00	2.00	-9.00	-12.00	9.00	1.00	1.00	-8.00	7.00	4.00	2.00	1.00	-	-2.00	1.00	29.00
Interest Income/Expense	161	191	191	188	173	172	163	162	128	169	167	162	208	150	157	159	165	164	167	173	176	186	186	187	193	195	194	201	204	202	213	216	218	227	250	254	258	177	178	185	162
Other Expense/Income	17.00	124	118	128	82.00	129	290	80.00	120	145	160	170	173	114	129	155	176	293	248	230	602	271	115	257	123	126	299	162	167	185	235	176	191	275	266	245	242	154	170	157	137
Net Income	641	1,024	1,052	292	461	833	683	145	578	645	821	99.00	368	965	588	313	823	4,816	1,193	508	28.00	924	789	-609	140	379	469	-417	-620	6.00	339	-448	-138	653	538	-213	-325	387	273	-82.00	-240
Shares Outstanding	253	257	263	267	272	273	277	285	296	304	310	315	317	322	337	359	373	378	382	384	369	374	374	372	362	356	334	333	332	332	332	332	331	331	330	329	317	168	168	167	167
Shares Change (YoY)	-7.13%	-5.75%	-5.1%	-6.31%	-8.03%	-10.39%	-10.46%	-9.51%	-6.63%	-5.64%	-8.07%	-12.48%	-14.89%	-14.65%	-11.83%	-6.44%	1.01%	1.12%	2.27%	3.41%	1.99%	4.97%	11.85%	11.7%	8.86%	7.09%	0.57%	0.17%	0.48%	0.48%	0.48%	1.07%	4.35%	96.47%	96.86%	96.2%	89.82%	-	-	-	-
EPS (Basic)	2.56	4.01	4.03	1.09	1.70	3.06	2.48	0.51	1.98	2.15	2.67	0.32	1.20	3.02	1.78	0.88	2.33	12.83	3.14	1.33	0.07	2.50	2.12	-1.66	0.39	1.06	1.37	-1.26	-1.87	0.02	1.02	-1.36	-0.42	1.97	1.63	-0.65	-2.22	2.30	1.62	-0.49	-1.49
Earnings Per Share (EPS)	2.54	3.99	4.02	1.09	1.69	3.05	2.48	0.51	1.97	2.15	2.67	0.32	1.19	3.01	1.78	0.88	2.32	12.82	3.14	1.32	0.09	2.37	2.01	-1.66	0.38	0.98	1.21	-1.26	-1.87	0.02	0.89	-1.36	-0.33	1.69	1.39	-0.65	-1.70	1.75	1.29	-0.49	-1.49
EPS Growth (YoY)	50.3%	30.82%	62.1%	113.73%	-14.21%	41.86%	-7.12%	59.38%	65.55%	-28.57%	50%	-63.64%	-48.71%	-76.52%	-43.31%	-33.33%	2477.78%	440.93%	56.22%	-	-76.32%	141.84%	66.12%	-	-	4800%	35.96%	-	-	-98.82%	-35.97%	-	-	-3.43%	7.75%	-	-	-	-	-	-
FCF Per Share	-0.23	1.09	7.04	1.15	-1.74	0.32	6.19	2.69	-0.64	-1.78	1.53	-0.45	-0.78	1.41	5.08	1.11	1.04	1.70	1.75	4.25	-2.00	0.57	2.36	0.98	-2.80	-0.82	2.13	0.08	-2.59	-1.94	2.10	-0.27	1.72	0.91	-0.05	2.55	-0.24	2.12	4.90	2.60	0.47
Gross Margin	61.7%	62.9%	62.7%	60.5%	60.3%	59.7%	60.4%	58.6%	60.3%	64.1%	66.2%	61.2%	63.9%	66.3%	66.5%	65.3%	63.3%	64.4%	61%	58.5%	53.6%	53.2%	52.1%	45.6%	49%	49.9%	50.8%	44.8%	44.5%	47%	47.3%	42.2%	45.8%	49.2%	48.6%	46.2%	50.2%	52.7%	51.8%	49.2%	83.7%
Operating Margin	7.9%	12.9%	12.9%	5.2%	6.1%	10.8%	10.6%	2.9%	7.6%	11.5%	14.4%	3.8%	11.2%	16.4%	11.3%	7.9%	12.0%	18.4%	14.6%	8.6%	6.7%	11.3%	8.8%	-4.0%	2.5%	5.0%	7.7%	-3.0%	-5.3%	2.0%	5.8%	-3.2%	0.5%	9.2%	8.2%	0.4%	-1.0%	10.0%	8.5%	1.8%	-1.8%
Profit Margin	5.9%	9%	9.2%	3%	4.4%	7.6%	6.3%	1.6%	6.1%	6.5%	8.2%	1.2%	4.1%	9.7%	6.3%	3.8%	9.1%	46.7%	12%	5.9%	0.3%	8.7%	7.6%	-7%	1.5%	3.7%	4.7%	-4.8%	-7.1%	0.1%	3.4%	-5.2%	-1.5%	6.4%	5.5%	-2.6%	-3.8%	7.1%	5.3%	-1.9%	-5.7%
FCF Margin	-0.5%	2.5%	16.2%	3.2%	-4.5%	0.8%	15.9%	8.5%	-2.0%	-5.5%	4.7%	-1.7%	-2.7%	4.6%	18.2%	4.9%	4.3%	6.2%	6.8%	19.0%	-7.9%	2.0%	8.5%	4.2%	-10.8%	-2.9%	7.1%	0.3%	-9.9%	-6.5%	7.0%	-1.0%	6.4%	2.9%	-0.2%	10.2%	-0.9%	6.6%	15.9%	10.3%	1.9%
EBITDA	3,293	1,540	1,545	555	2,891	1,230	1,018	344	2,827	1,162	1,444	312	3,023	1,660	1,088	653	2,889	1,770	1,364	684	1,878	1,106	977	-419	1,994	577	665	-225	1,094	217	553	-231	935	1,115	860	431	337	796	672	325	193
EBITDA Margin	30.2%	13.5%	13.6%	5.8%	27.6%	11.2%	9.4%	3.8%	29.9%	11.7%	14.4%	3.7%	33.4%	16.7%	11.6%	8%	32%	17.2%	13.8%	7.9%	20.2%	10.5%	9.5%	-4.8%	21.4%	5.6%	6.6%	-2.6%	12.6%	2.2%	5.6%	-2.7%	10.5%	11%	8.8%	5.3%	4%	14.7%	13%	7.7%	4.6%
EBIT	1,005	1,540	1,545	555	726	1,230	1,018	344	731	1,162	1,444	312	1,046	1,660	1,088	653	1,070	1,770	1,364	684	199	1,106	977	-419	305	577	665	-225	-428	217	553	-231	72.00	887	792	43.00	-66.00	564	449	104	-49.00
EBIT Margin	9.2%	13.5%	13.6%	5.8%	6.9%	11.2%	9.4%	3.8%	7.7%	11.7%	14.4%	3.7%	11.6%	16.7%	11.6%	8.0%	11.8%	17.2%	13.8%	7.9%	2.1%	10.5%	9.5%	-4.8%	3.3%	5.6%	6.6%	-2.6%	-4.9%	2.2%	5.6%	-2.7%	0.8%	8.7%	8.1%	0.5%	-0.8%	10.4%	8.7%	2.5%	-1.2%