American airlines group inc. (AAL)
CashFlow / Yearly
Dec'19Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12Dec'11Dec'10Dec'09Dec'08
Cash flows from operating activities:
Net income

1,686

1,412

1,282

2,584

7,610

2,882

-1,834

-1,876

-1,979

-471

-1,468

-2,118

Adjustments to reconcile net income to net cash provided by operating activities
Depreciation and amortization

2,318

2,159

2,017

1,818

1,609

1,513

1,020

1,015

1,086

-

-

-

Net gains from sale of property and equipment and sale-leaseback transactions

112

59

11

-

-

-

-

-

-

-

-

-

Debt discount and lease amortization

-

-

-

-119

-122

-171

-

-14

-11

126

125

152

Depreciation

-

-

-

-

-

-

-

-

-

967

979

1,055

Special items, net non-cash

376

458

272

270

273

52

95

215

725

0

171

1,317

Pension and postretirement

-178

-300

-132

-68

-193

-163

-154

287

180

236

657

-279

Deferred income tax provision

560

440

2,089

1,556

-3,014

346

-324

-569

-1

-

-

-

Share-based compensation

94

86

90

100

284

304

39

29

40

43

61

53

Reorganization items, non-cash

-

-

-

-

-

-

2,112

2,066

118

0

-

-

Interest expense, non-cash

-

-

-

-

-

-

181

-

0

-

-

-

Other, net

62

97

142

18

12

-3

76

-

-87

-

-

-

Changes in operating assets and liabilities:
Decrease (increase) in accounts receivable

-73

-222

190

160

-352

160

93

222

164

-29

-43

-217

OCI tax benefits

-

-

-

-

-

-

-

-

-

0

-

-

Gain on sale of subsidiary

-

-

-

-

-

-

-

-

-

-

-

432

Redemption payments under operating leases for special facility revenue bonds

-

-

-

-

-

-

-

-

-

-

-

-188

Increase in other assets

373

390

433

184

27

168

29

133

146

102

-

-

Decrease (increase) in inventories

-

-

-

-

-

-

-

-

-

81

79

-5

Decrease in derivative collateral

-

-

-

-

-

-

-1

1

73

-87

-561

940

Increase (decrease) in accounts payable and accrued liabilities

327

-147

299

307

173

110

71

449

189

-19

-75

-421

Increase (decrease) in air traffic liability

-

-

-

-

-505

-97

150

161

374

225

-277

-277

Increase (decrease) in loyalty program liability

-

-

-

-

-295

-229

38

140

193

144

220

-101

Contributions to pension plans

-1,230

-475

-286

-32

-6

-810

-494

-277

-

-

-

-

Increase (decrease) in other liabilities

209

-210

-132

105

-122

332

28

-22

-125

-57

-12

-5

Decrease in other assets and liabilities

-

-

-

-

-

-

-

7

-

-

-

-

Net cash provided by (used in) operating activities

3,815

3,533

4,744

6,524

6,249

3,080

675

1,285

743

1,241

930

-1,394

Cash flows from investing activities:
Capital expenditures and aircraft purchase deposits

4,268

3,745

5,971

5,731

6,151

5,311

3,114

1,888

1,610

1,962

1,521

876

Proceeds from sale-leaseback transactions

54

111

94

125

35

33

128

123

4

4

76

480

Proceeds from sale-leaseback transactions

850

1,096

853

-

-

-

-

-

-

-

-

-

Acquisition of US Airways

-

-

-

-

-

-

206

-

0

-

-

-

Purchases of short-term investments

3,184

3,412

4,633

6,241

8,126

5,380

3,342

1,078

2,918

-

-

-

Sales of short-term investments

4,144

3,705

5,915

6,092

8,517

7,179

2,161

1,384

3,528

-

-

-

Proceeds from vendor

250

0

0

-

-

-

-

-

-

-

-

-

Decrease (increase) in restricted short-term investments

3

-72

-309

-53

-

-

-

-

-

82

1,330

-1,471

Net proceeds from slot transaction

-

-

-

-

-

307

-

-

-

-

-

-

Proceeds from sale of investments

0

207

0

0

52

-

-

-

-

-

-

-

Decrease in restricted cash and short-term investments

-

-

-

-

-79

-261

147

-112

-288

10

-1

31

Purchase of equity investment

0

0

203

0

0

-

-

-

-

-

-

-

Other investing activities

86

7

0

0

-

-

-

-

-

-

-53

-11

Net cash used in investing activities

-2,243

-1,973

-3,636

-5,702

-5,594

-2,911

-3,814

-1,571

-1,292

-2,030

-2,723

1,055

Cash flows from financing activities:
Proceeds from issuance of long-term debt

3,960

2,354

3,058

7,701

5,009

3,302

5,134

268

2,569

542

2,990

825

Payments on long-term debt and finance leases

4,190

2,941

2,332

3,827

2,153

3,132

2,926

1,288

2,545

1,154

2,416

1,092

Deferred financing costs

61

59

85

77

87

106

120

6

63

-

-

-

Sale-leaseback transactions

-

-

-

-

-

811

1,700

1,509

703

1,408

768

354

Issuance of common stock, net of issuance costs

-

-

-

-

-

-

-

-

-

-

412

294

Reimbursement from construction reserve account

-

-

-

-

-

-

-

-

-

7

-

0

Exercise of stock options

-

-

-

-

-

10

-

-

0

1

1

1

Treasury stock repurchases

1,097

837

1,615

4,500

3,846

1,062

-

-

-

-

-

-

Dividend payments

178

186

198

224

278

144

-

-

-

-

-

-

Other financing activities

-2

-3

27

33

96

6

11

-

-

-

-

-

Net cash provided by (used in) financing activities

-1,568

-1,672

-1,145

-894

-1,259

-315

3,799

483

664

804

1,755

382

Net increase in cash and restricted cash

4

-112

-37

-72

-604

-146

660

197

115

15

-38

43

Non-cash transactions:
American Airlines, Inc. [Member]
Net income

1,972

1,658

1,285

2,689

8,120

2,948

-1,717

-

-

-

-

-

Depreciation and amortization

2,267

2,108

1,964

1,762

1,560

1,469

1,003

-

-

-

-

-

Net gains from sale of property and equipment and sale-leaseback transactions

109

57

-2

-

-

-

-

-

-

-

-

-

Debt discount and lease amortization

-

-

-

-124

-126

-171

-

-

-

-

-

-

Special items, net non-cash

384

458

272

270

295

91

82

-

-

-

-

-

Pension and postretirement

-178

-302

-132

-70

-194

-163

-154

-

-

-

-

-

Deferred income tax provision

623

503

2,246

1,597

-3,467

344

-324

-

-

-

-

-

Share-based compensation

94

86

90

100

284

300

34

-

-

-

-

-

Reorganization items, non-cash

-

-

-

-

-

-

2,098

-

-

-

-

-

Interest expense, non-cash

-

-

-

-

-

-

45

-

-

-

-

-

Other, net

56

102

146

16

21

-7

77

-

-

-

-

-

Decrease (increase) in accounts receivable

-130

-232

189

169

-354

176

94

-

-

-

-

-

Increase in other assets

321

354

405

205

22

191

-1

-

-

-

-

-

Decrease in derivative collateral

-

-

-

-

-

-

-1

-

-

-

-

-

Increase (decrease) in accounts payable and accrued liabilities

273

-171

266

336

214

74

83

-

-

-

-

-

Increase (decrease) in air traffic liability

-

-

-

-

-505

-97

150

-

-

-

-

-

Increase in receivables from related parties, net

1,772

1,849

1,994

4,862

3,695

527

-51

-

-

-

-

-

Increase (decrease) in loyalty program liability

-

-

-

-

-295

-229

38

-

-

-

-

-

Contributions to pension plans

-1,224

-472

-286

-32

-6

-809

-494

-

-

-

-

-

Increase (decrease) in other liabilities

199

-191

-140

101

-91

292

-3

-

-

-

-

-

Net cash provided by (used in) operating activities

2,429

1,943

2,870

1,750

2,587

2,578

627

-

-

-

-

-

Capital expenditures and aircraft purchase deposits

4,156

3,677

5,881

5,657

6,075

5,256

3,099

-

-

-

-

-

Proceeds from sale-leaseback transactions

850

1,096

853

115

26

-

-

-

-

-

-

-

Proceeds from sale of property and equipment

49

106

69

-

-

20

115

-

-

-

-

-

Purchases of short-term investments

3,184

3,412

4,633

6,241

8,126

5,380

3,342

-

-

-

-

-

Acquisition of US Airways

-

-

-

-

-

-

200

-

-

-

-

-

Sales of short-term investments

4,144

3,705

5,915

6,092

8,517

7,179

2,159

-

-

-

-

-

Proceeds from vendor

250

0

0

-

-

-

-

-

-

-

-

-

Decrease (increase) in restricted short-term investments

3

-72

-309

-53

-

-

147

-

-

-

-

-

Proceeds from sale of investments

0

207

0

0

-

307

-

-

-

-

-

-

Purchase of equity investment

0

0

203

0

0

-

-

-

-

-

-

-

Decrease in restricted cash and short-term investments

-

-

-

-

-79

-261

-

-

-

-

-

-

Other investing activities

96

7

0

0

-

-

-

-

-

-

-

-

Net cash used in investing activities

-2,146

-1,910

-3,571

-5,638

-5,579

-2,869

-3,820

-

-

-

-

-

Proceeds from issuance of long-term debt

3,210

2,354

3,058

7,701

4,509

2,552

5,134

-

-

-

-

-

Payments on long-term debt and finance leases

3,440

2,442

2,332

3,827

2,153

2,955

2,925

-

-

-

-

-

Deferred financing costs

52

59

85

77

80

95

120

-

-

-

-

-

Sale-leaseback transactions

-

-

-

-

-

811

1,700

-

-

-

-

-

Funds transferred from (to) affiliates, net

-

-

-

-

-

176

-53

-

-

-

-

-

Other financing activities

0

0

27

33

96

6

9

-

-

-

-

-

Net cash provided by (used in) financing activities

-282

-147

668

3,830

2,372

143

3,851

-

-

-

-

-

Net increase in cash and restricted cash

1

-114

-33

-58

-620

-148

658

-

-

-

-

-

Air traffic [Member]
Increase (decrease) in customer liabilities

469

297

65

158

-

-

-

-

-

-

-

-

Loyalty program [Member]
Increase (decrease) in customer liabilities

76

-283

-308

417

-

-

-

-

-

-

-

-