ALASKA AIR GROUP, INC. ALK Cash Flow

Alaska air group, inc. (ALK)

CashFlow / Quarterly

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Dec'10	Sep'10	Jun'10	Mar'10
Cash flows from operating activities:
Net Income
-232,000	181,000	322,000	262,000	4,000	23,000	217,000	193,000	4,000	315,000	259,000	293,000	93,000	97,000	256,000	260,000	184,000	191,000	274,000	234,000	149,000	148,000	198,000	165,000	94,000	78,000	289,000	104,000	37,000	44,000	163,000	68,000	41,000	64,500	77,500	28,800	74,200	64,700	122,400	58,600	5,300
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Fleet transition and restructuring related charges
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,000	26,800	10,100	-200	9,800	3,400	0
Depreciation and amortization
108,000	106,000	106,000	105,000	106,000	108,000	99,000	97,000	94,000	97,000	95,000	90,000	90,000	82,000	101,000	92,000	88,000	84,000	81,000	79,000	76,000	76,000	75,000	73,000	70,000	67,000	67,000	67,000	69,000	69,000	66,000	65,000	64,000	62,800	62,200	61,700	60,300	58,000	57,800	58,000	56,200
Stock-based compensation and other
9,000	9,000	4,000	5,000	11,000	13,000	17,000	9,000	8,000	12,000	18,000	12,000	13,000	7,000	6,000	4,000	9,000	3,000	8,000	5,000	9,000	-21,000	6,000	17,000	4,000	6,000	9,000	3,000	14,000	2,000	2,000	1,000	5,000	7,500	2,200	600	6,700	-	-	-	-
Changes in certain assets and liabilities:
Changes in fair values of open fuel hedge contracts
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	17,000	-70,000	25,000	39,100	-78,100	-64,200	89,200	-	-	-	-
Changes in deferred tax provision
44,000	-22,000	-125,000	-60,000	-2,000	-24,000	-55,000	-65,000	-2,000	163,000	-81,000	-83,000	-44,000	-35,000	-6,000	-49,000	8,000	-73,000	-27,000	38,000	6,000	-87,000	-13,000	-5,000	-9,000	-25,000	-105,000	2,000	-18,000	7,000	-43,000	-32,000	-26,000	-43,100	-44,100	-14,600	-43,200	-	-	-	-
Stock-based Compensation
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-1,900	-3,700	-5,000
Increase in air traffic liability
-	-	-	-	-	-162,000	-162,000	-10,000	316,000	-178,000	-161,000	20,000	364,000	-113,000	-85,000	2,000	199,000	-91,000	-80,000	26,000	183,000	-72,000	-104,000	58,000	185,000	-64,000	-97,000	33,000	157,000	-49,000	-84,000	13,000	165,000	-51,700	-53,400	9,100	163,000	-39,700	-67,000	60,100	102,600
Increase in deferred revenue
33,000	19,000	22,000	34,000	41,000	43,000	54,000	26,000	26,000	61,000	61,000	38,000	31,000	93,000	12,000	12,000	36,000	15,000	15,000	19,000	8,000	19,000	14,000	8,000	-1,000	231,000	-159,000	14,000	-2,000	20,000	9,000	8,000	-4,000	16,500	7,300	-1,100	-15,700	-	-	-	-
Increase (decrease) in other long-term liabilities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-13,000	18,000	27,700	-11,500	57,100	-3,300	-	-	-	-
Other - net
-211,000	25,000	-25,000	42,000	-24,000	133,000	-20,000	40,000	-144,000	126,000	-80,000	78,000	-165,000	2,000	11,000	-45,000	17,000	-3,000	15,000	50,000	95,000	29,000	55,000	67,000	-119,000	52,000	16,000	161,000	-81,000	98,000	6,000	28,000	-107,000	86,400	42,800	-800	-119,400	-	-	-	-
Increase in other assets and liabilities net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-47,900	133,900	-114,600
Net cash provided by operating activities
33,000	341,000	348,000	565,000	468,000	209,000	260,000	420,000	306,000	233,000	273,000	614,000	470,000	180,000	307,000	374,000	525,000	355,000	340,000	375,000	514,000	138,000	257,000	393,000	242,000	159,000	230,000	380,000	212,000	115,000	183,000	272,000	183,000	87,200	240,100	249,900	118,800	46,600	172,800	279,100	54,500
Cash flows used in investing activities:
Property and equipment additions:
Aircraft and aircraft purchase deposits
57,000	70,000	114,000	119,000	53,000	337,000	78,000	136,000	135,000	125,000	275,000	244,000	160,000	120,000	140,000	177,000	91,000	118,000	73,000	245,000	245,000	84,000	159,000	190,000	65,000	134,000	120,000	143,000	90,000	157,000	70,000	147,000	81,000	57,700	45,500	75,500	139,300	29,700	64,000	40,300	5,000
Other flight equipment
35,000	53,000	42,000	54,000	29,000	29,000	20,000	27,000	29,000	26,000	25,000	25,000	20,000	18,000	4,000	16,000	15,000	18,000	18,000	22,000	21,000	39,000	32,000	43,000	17,000	25,000	4,000	6,000	6,000	11,000	6,000	5,000	2,000	16,600	7,300	6,200	4,900	6,400	-32,000	38,400	14,200
Other property and equipment
27,000	46,000	38,000	45,000	33,000	40,000	33,000	25,000	71,000	34,000	29,000	27,000	36,000	31,000	25,000	28,000	13,000	27,000	18,000	13,000	13,000	12,000	18,000	24,000	11,000	12,000	13,000	6,000	7,000	10,000	9,000	5,000	15,000	18,200	600	10,300	4,900	-5,000	10,100	7,200	6,700
Total property and equipment additions, including capitalized interest
119,000	169,000	194,000	218,000	115,000	406,000	131,000	188,000	235,000	185,000	329,000	296,000	216,000	169,000	169,000	221,000	119,000	163,000	109,000	280,000	279,000	135,000	209,000	257,000	93,000	171,000	137,000	155,000	103,000	178,000	85,000	157,000	98,000	92,500	53,400	92,000	149,100	31,100	42,100	85,900	25,900
Assets constructed for others (Terminal 6 at LAX)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-9,000	15,000	26,000	24,000	28,600	35,800	44,600	0	-	-	-	-
Proceeds from disposition of assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,400	1,900	1,400
Purchases of marketable securities
527,000	364,000	561,000	534,000	351,000	162,000	143,000	291,000	238,000	161,000	398,000	453,000	557,000	185,000	165,000	252,000	358,000	451,000	165,000	308,000	403,000	155,000	166,000	323,000	305,000	224,000	274,000	440,000	280,000	319,000	274,000	297,000	240,000	102,300	354,000	246,100	181,600	225,300	218,600	294,100	284,000
Sales and maturities of marketable securities
511,000	472,000	565,000	388,000	275,000	243,000	383,000	173,000	301,000	331,000	528,000	256,000	285,000	324,000	281,000	217,000	140,000	357,000	142,000	417,000	259,000	353,000	341,000	171,000	227,000	377,000	247,000	226,000	239,000	347,000	271,000	242,000	188,000	258,800	238,200	145,000	314,000	284,400	200,400	185,200	261,000
Other investing activities
-8,000	-4,000	-12,000	-20,000	-5,000	-11,000	-26,000	-2,000	-8,000	-40,000	-28,000	-10,000	0	0	-2,000	-2,000	-1,000	-54,000	1,000	2,000	-2,000	-14,000	2,000	9,000	-7,000	0	4,000	-8,000	7,000	-10,000	0	0	-1,000	-200	-8,300	-29,600	17,100	-9,400	-100	-900	400
Net cash used in investing activities
-127,000	-83,000	-178,000	-344,000	-186,000	-298,000	135,000	-304,000	-164,000	13,000	-171,000	-483,000	-488,000	-1,981,000	-51,000	-254,000	-336,000	-203,000	-133,000	-173,000	-421,000	77,000	-36,000	-418,000	-164,000	-18,000	-168,000	-361,000	-151,000	-131,000	-103,000	-238,000	-173,000	35,600	-196,700	-208,100	-33,800	4,000	-59,100	-192,000	-47,900
Cash flows from financing activities:
Proceeds from issuance of debt
825,000	-	102,000	0	254,000	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Long-term debt payments
60,000	348,000	220,000	139,000	393,000	263,000	286,000	138,000	120,000	132,000	106,000	58,000	101,000	156,000	36,000	21,000	36,000	23,000	35,000	23,000	35,000	22,000	33,000	27,000	37,000	22,000	30,000	21,000	88,000	35,000	75,000	106,000	59,000	85,700	122,900	36,200	89,200	89,700	100,400	91,100	39,800
Common stock repurchases
31,000	22,000	28,000	12,000	13,000	13,000	12,000	12,000	13,000	25,000	28,000	22,000	0	0	0	66,000	127,000	124,000	119,000	160,000	102,000	106,000	159,000	53,000	30,000	76,000	32,000	32,000	19,000	8,000	26,000	17,000	9,000	18,400	28,300	7,000	26,300	13,800	4,900	15,800	10,500
Dividends paid
45,000	44,000	43,000	43,000	43,000	40,000	39,000	39,000	40,000	37,000	37,000	37,000	37,000	34,000	34,000	34,000	34,000	24,000	26,000	26,000	26,000	17,000	17,000	17,000	17,000	14,000	14,000	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds and tax benefit from issuance of common stock
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	8,000	9,000	10,000	4,000	2,300	1,800	6,600	8,300	7,900	8,100	9,900	11,100
Other financing activities
-5,000	3,000	14,000	2,000	24,000	-4,000	18,000	-2,000	17,000	1,000	15,000	1,000	11,000	3,000	5,000	4,000	13,000	4,000	16,000	1,000	14,000	3,000	0	3,000	16,000	10,000	-2,000	-4,000	19,000	17,000	4,000	17,000	0	8,500	0	1,600	-7,100	6,000	4,600	300	-13,900
Net cash provided by (used in) financing activities
684,000	-275,000	-175,000	-192,000	-171,000	19,000	-319,000	-191,000	-156,000	-193,000	-156,000	-116,000	-127,000	311,000	1,481,000	-117,000	-184,000	-167,000	-164,000	-208,000	-149,000	-142,000	-209,000	-43,000	-68,000	-102,000	-78,000	-57,000	-88,000	111,000	-88,000	-47,000	-64,000	-88,800	-42,900	-35,000	-114,300	-89,600	-92,600	-96,700	-53,100
Net increase (decrease) in cash, cash equivalents, and restricted cash
590,000	-17,000	-5,000	29,000	111,000	-70,000	76,000	-75,000	-14,000	53,000	-54,000	15,000	-145,000	-1,490,000	1,737,000	3,000	5,000	-15,000	43,000	-6,000	-56,000	73,000	12,000	-68,000	10,000	39,000	-16,000	-38,000	-27,000	95,000	-8,000	-13,000	-54,000	34,000	500	6,800	-29,300	-39,000	21,100	-9,600	-46,500
Cash paid during the period for:
Interest (net of amount capitalized)
9,000	12,000	14,000	16,000	18,000	12,000	21,000	15,000	24,000	16,000	26,000	16,000	26,000	12,000	4,000	0	8,000	-1,000	1,000	1,000	7,000	2,000	10,000	5,000	11,000	4,000	10,000	6,000	15,000	6,000	15,000	9,000	16,000	8,000	26,300	14,600	25,100	26,700	31,800	18,900	28,600
Income taxes
0	29,000	2,000	0	0	0	0	0	0	48,000	115,000	12,000	2,000	138,000	139,000	169,000	13,000	87,000	154,000	173,000	-65,000	141,000	92,000	87,000	6,000	49,000	94,000	0	6,000	29,000	52,000	0	-3,000	5,800	2,100	100	0	4,900	-100	-4,800	0
Payment for Pension and Other Postretirement Benefits
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	107,600	11,200	11,100	11,100	-	-	-	-
Non-cash transactions:
Assets constructed related to Terminal 6 at LAX
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-24,000	-25,000	51,000	-	10,500	0	0	-	-	-	-