Alaska air group, inc. (ALK)
Balance Sheet / TTM
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11Dec'10Sep'10Jun'10Dec'09
ASSETS
Current Assets
Cash and cash equivalents

811

221

237

244

215

105

174

102

177

194

144

198

183

328

1,818

81

78

73

88

45

51

107

34

22

90

80

41

57

95

122

27

35

48

102

67

67

60

89

129

108

164

Marketable securities

1,314

1,300

1,382

1,383

1,221

1,131

1,223

1,466

1,351

1,427

1,596

1,724

1,527

1,252

1,408

1,526

1,486

1,255

1,170

1,147

1,261

1,110

1,309

1,488

1,330

1,250

1,404

1,372

1,170

1,130

1,158

1,150

1,093

1,039

1,198

1,086

982

1,118

1,188

1,164

1,027

Total cash and marketable securities

2,125

1,521

1,619

1,627

1,436

1,236

1,397

1,568

1,528

1,621

1,740

1,922

1,710

1,580

3,226

1,607

1,564

1,328

1,258

1,192

1,312

1,217

1,343

1,510

1,420

1,330

1,445

1,429

1,265

1,252

1,185

1,185

1,141

1,141

1,265

1,153

1,042

1,208

1,317

1,272

1,192

Receivables - net

279

323

377

389

358

366

422

411

350

341

301

326

321

302

232

254

235

212

205

194

187

259

178

203

212

152

182

195

188

130

185

169

168

136

148

167

161

120

139

145

111

Inventories and supplies - net

68

72

63

55

58

60

57

57

62

57

57

52

50

47

44

45

45

51

52

58

52

58

64

61

58

60

60

59

61

58

52

47

45

44

44

52

45

45

41

48

45

Deferred income taxes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

126

123

123

-

114

112

120

113

123

175

172

148

141

152

142

134

130

126

116

120

129

137

120

Fuel hedge contracts

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

20

14

21

26

35

22

58

47

31

71

118

61

39

31

66

Prepaid expenses and other current assets

100

121

143

147

149

125

180

180

174

133

116

125

132

121

98

97

79

72

74

87

102

105

100

134

124

107

105

114

132

123

116

121

100

94

106

104

111

106

99

103

98

Total Current Assets

2,572

2,037

2,202

2,218

2,001

1,787

2,056

2,216

2,114

2,152

2,214

2,425

2,213

2,050

3,600

2,003

1,923

1,663

1,715

1,654

1,776

1,639

1,799

2,020

1,934

1,762

1,935

1,986

1,839

1,737

-

1,698

1,656

1,596

1,726

1,675

1,596

1,662

1,768

1,739

1,634

Property and Equipment
Aircraft and other flight equipment

8,228

8,549

8,492

8,417

8,340

8,221

7,911

7,788

7,567

7,559

7,590

7,377

7,137

6,947

6,398

6,198

5,945

5,690

5,557

5,345

5,204

5,165

5,100

4,993

4,855

4,677

4,419

4,405

4,361

4,248

4,118

4,099

4,113

4,042

4,058

4,065

4,002

3,807

3,804

3,810

3,660

Other property and equipment

1,343

1,306

1,272

1,238

1,197

1,363

1,322

1,291

1,287

1,222

1,187

1,158

1,139

1,103

1,021

994

967

955

936

915

899

896

883

867

853

838

857

867

862

855

848

857

851

762

730

621

614

647

624

628

631

Deposits for future flight equipment

590

533

463

396

325

439

429

505

560

494

531

526

541

545

489

551

617

771

775

905

778

555

511

431

360

446

550

443

341

369

385

331

266

234

208

165

146

202

174

147

215

Property and Equipment Total

10,161

10,388

10,227

10,051

9,862

10,023

9,662

9,584

9,414

9,275

9,308

9,061

8,817

8,595

7,908

7,743

7,529

7,416

7,268

7,165

6,881

6,616

6,494

6,291

6,068

5,961

5,826

5,715

5,564

5,472

-

5,288

5,230

5,038

4,996

4,853

4,763

4,657

4,603

4,586

4,506

Less accumulated depreciation and amortization

3,307

3,486

3,393

3,307

3,233

3,242

3,167

3,091

3,011

2,991

3,078

3,059

3,008

2,929

2,877

2,784

2,699

2,614

2,534

2,460

2,384

2,317

2,250

2,189

2,138

2,068

2,034

1,990

1,925

1,863

1,805

1,740

1,727

1,665

1,646

1,603

1,561

1,509

1,456

1,422

1,339

Total Property and Equipment - Net

6,854

6,902

6,834

6,744

6,629

6,781

6,495

6,493

6,403

6,284

6,230

6,002

5,809

5,666

5,031

4,959

4,830

4,802

4,734

4,705

4,497

4,299

4,244

4,102

3,930

3,893

3,792

3,725

3,639

3,609

-

3,547

3,503

3,373

3,350

3,249

3,202

3,148

3,147

3,163

3,167

Operating Lease, Right-of-Use Asset

1,584

1,711

1,647

1,696

1,715

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Goodwill

1,943

1,943

1,943

1,943

1,943

1,943

1,943

1,943

1,943

1,943

1,934

1,940

1,942

1,934

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Intangible assets - net

110

122

123

125

127

127

128

130

132

133

135

137

139

143

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Fuel Hedge Contracts

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

9

13

23

39

43

39

72

70

47

84

101

69

57

41

50

Other noncurrent assets

300

278

234

225

225

274

271

273

256

234

226

216

199

169

68

73

76

65

115

121

137

126

193

192

197

183

126

128

143

120

129

138

148

128

136

223

211

136

147

162

143

Other Assets

3,937

4,054

3,947

3,989

4,010

2,344

2,342

2,346

2,331

2,310

2,295

2,293

2,280

2,246

-

-

-

65

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total Assets

13,363

12,993

12,983

12,951

12,640

10,912

10,893

11,055

10,848

10,746

10,739

10,720

10,302

9,962

8,699

7,035

6,829

6,530

6,564

6,480

6,410

6,064

6,236

6,314

6,061

5,838

5,862

5,852

5,644

5,505

5,436

5,423

5,382

5,167

5,260

5,233

5,111

5,016

5,120

5,107

4,996

LIABILITIES AND SHAREHOLDERS' EQUITY
Current Liabilities
Accounts payable

119

146

120

156

157

132

114

115

102

120

97

95

95

92

71

78

63

63

61

56

57

62

68

71

75

64

60

71

101

65

70

110

129

104

88

71

59

60

50

58

63

Accrued aircraft rent

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

18

7

9

4

32

36

28

20

43

34

43

54

Accrued wages, vacation and payroll taxes

316

470

391

371

301

415

334

345

299

418

345

308

281

397

257

239

213

298

218

179

160

276

201

166

146

211

176

140

132

184

163

134

123

164

147

136

116

176

152

137

155

Air traffic liability

-

-

1,032

1,173

1,116

788

950

1,112

1,122

806

1,103

1,255

1,218

849

785

870

868

669

760

840

814

631

703

807

749

564

627

724

691

534

583

667

654

489

541

594

585

422

462

529

366

Other accrued liabilities

382

431

476

505

480

416

452

483

433

400

886

979

909

878

735

757

809

661

698

736

731

585

680

706

672

624

676

711

568

539

537

558

551

513

491

544

533

501

538

518

474

Deferred revenue, current

478

750

794

768

757

705

693

667

649

635

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Operating Lease, Liability, Current

266

269

268

273

275

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Current portion of long-term debt

-

-

265

288

300

486

345

314

387

307

334

337

332

319

275

117

116

114

117

116

118

117

115

114

113

117

111

110

106

161

167

183

210

208

213

253

169

221

233

154

156

Total Current Liabilities

3,730

3,201

3,346

3,534

3,386

2,942

2,888

3,036

2,992

2,686

2,765

2,974

2,835

2,535

2,123

2,061

2,069

1,805

1,854

1,927

1,880

1,671

1,767

1,864

1,755

1,580

1,650

1,756

1,598

1,501

-

1,664

1,673

1,510

1,518

1,628

1,484

1,424

1,472

1,440

1,269

Long-Term Debt, Net of Current Portion

-

-

1,444

1,538

1,664

1,617

1,684

1,998

2,062

2,262

2,367

2,469

2,531

2,645

1,861

509

531

569

593

629

650

686

710

745

721

754

782

814

840

871

898

957

1,036

1,099

1,178

1,154

1,275

1,313

1,390

1,570

1,699

Noncurrent Liabilities
Operating Lease, Liability, Noncurrent

1,375

1,439

1,376

1,424

1,443

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred income taxes

-

-

708

582

520

512

494

437

372

370

682

598

509

463

733

721

678

682

746

718

753

633

738

725

725

709

554

496

492

446

484

447

405

363

398

347

321

279

251

207

151

Deferred revenue, noncurrent

1,545

1,240

1,177

1,181

1,158

1,169

1,138

1,110

1,102

1,090

682

652

641

640

491

480

467

431

416

401

382

374

356

342

334

335

295

455

441

443

423

414

406

410

394

386

387

403

396

407

435

Obligation for pension and postretirement medical benefits

577

571

467

522

513

503

470

464

458

453

323

336

334

331

272

271

270

270

249

247

247

246

124

123

122

123

461

470

479

489

447

452

458

463

336

361

364

367

403

409

421

Other liabilities

253

232

213

197

210

418

428

417

423

425

429

427

438

417

355

366

359

362

341

339

332

327

312

315

309

308

318

318

332

334

213

204

184

148

170

148

108

123

132

131

148

Other Liabilities and Credits Totals

4,415

4,197

3,941

3,906

3,844

2,602

2,530

2,428

2,355

2,338

2,116

2,013

1,922

1,851

1,851

1,838

1,774

1,745

1,752

1,705

1,714

1,580

1,530

1,505

1,490

1,475

1,628

1,739

1,744

1,712

-

1,519

1,453

1,384

1,298

1,244

1,181

1,173

1,184

1,156

1,155

Commitments and Contingencies

-

-

-

-

-

-

0

0

0

-

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

-

0

0

0

0

0

-

0

-

-

-

Shareholders' Equity
Preferred stock, $0.01 par value, Authorized: 5,000,000 shares, none issued or outstanding

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

Common stock, $0.01 par value, Authorized: 400,000,000 shares, Issued: 2020 - 131,934,957 shares; 2019 - 131,812,173 shares, Outstanding: 2020 - 122,585,013 shares; 2019 - 123,000,307 shares

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

69

1

70

70

70

70

70

70

71

76

37

37

37

37

36

36

35

Capital in excess of par value

314

305

297

270

261

232

224

198

190

164

156

135

126

110

103

91

86

73

70

56

211

296

399

551

524

606

625

629

657

660

660

674

677

802

843

838

828

815

805

792

767

Treasury stock (common), at cost: 2020 - 9,349,944 shares; 2019 - 8,811,866 shares

674

643

621

593

581

568

556

544

531

518

494

466

443

443

444

444

377

250

127

8

7

4

5

5

1

2

21

-

-

0

0

0

0

125

107

79

72

46

32

27

5

Accumulated other comprehensive loss

-482

-465

-421

-422

-433

-448

-428

-435

-440

-380

-289

-294

-299

-305

-284

-287

-294

-303

-303

-304

-305

-310

-178

-178

-181

-183

-414

-424

-429

-436

-373

-380

-382

-390

-256

-260

-263

-267

-237

-239

-240

Retained earnings

4,856

5,133

4,996

4,717

4,498

4,534

4,550

4,373

4,219

4,193

4,117

3,888

3,629

3,568

3,488

3,266

3,039

2,890

2,724

2,474

2,266

2,144

2,012

1,831

1,684

1,607

1,542

1,268

1,164

1,127

1,082

918

851

811

746

669

640

566

501

378

315

Total Shareholders' Equity

4,015

4,331

4,252

3,973

3,746

3,751

3,791

3,593

3,439

3,460

3,491

3,264

3,014

2,931

2,864

2,627

2,455

2,411

2,365

2,219

2,166

2,127

2,229

2,200

2,095

2,029

1,802

1,543

1,462

1,421

-

1,283

1,218

1,174

1,264

1,206

1,170

1,105

1,073

939

872

Total Liabilities and Shareholders' Equity

13,363

12,993

12,983

12,951

12,640

10,912

10,893

11,055

10,848

10,746

10,739

10,720

10,302

9,962

8,699

7,035

6,829

6,530

6,564

6,480

6,410

6,064

6,236

6,314

6,061

5,838

5,862

5,852

5,644

5,505

-

5,423

5,382

5,167

5,260

5,233

5,111

5,016

5,120

5,107

4,996

Deferred Tax and Other Liabilities, Noncurrent

665

715

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Contract with Customer, Liability, Current

1,110

900

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Long-term Debt and Lease Obligation, Current

1,059

235

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Long-term Debt and Lease Obligation

1,203

1,264

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-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

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