ALASKA AIR GROUP, INC. ALK Cash Flow

Alaska air group, inc. (ALK)

CashFlow / TTM

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
533,000	769,000	611,000	506,000	437,000	437,000	729,000	771,000	871,000	960,000	742,000	739,000	706,000	797,000	891,000	909,000	883,000	848,000	805,000	729,000	660,000	605,000	535,000	626,000	565,000	508,000	474,000	348,000	312,000	316,000	336,500	251,000	211,800	245,000	245,200	290,100	319,900	251,000	0	0	0
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Fleet transition and restructuring related charges
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	38,700	46,500	23,100	13,000	0	0	0
Depreciation and amortization
425,000	423,000	425,000	418,000	410,000	398,000	387,000	383,000	376,000	372,000	357,000	363,000	365,000	363,000	365,000	345,000	332,000	320,000	312,000	306,000	300,000	294,000	285,000	277,000	271,000	270,000	272,000	271,000	269,000	264,000	257,800	254,000	250,700	247,000	242,200	237,800	234,100	230,000	0	0	0
Stock-based compensation and other
27,000	29,000	33,000	46,000	50,000	47,000	46,000	47,000	50,000	55,000	50,000	38,000	30,000	26,000	22,000	24,000	25,000	25,000	1,000	-1,000	11,000	6,000	33,000	36,000	22,000	32,000	28,000	21,000	19,000	10,000	15,500	15,700	15,300	17,000	0	0	0	-	-	-	-
Changes in certain assets and liabilities:
Changes in fair values of open fuel hedge contracts
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	11,100	-84,000	-78,200	-14,000	0	0	0	-	-	-	-
Changes in deferred tax provision
-163,000	-209,000	-211,000	-141,000	-146,000	-146,000	41,000	15,000	-3,000	-45,000	-243,000	-168,000	-134,000	-82,000	-120,000	-141,000	-54,000	-56,000	-70,000	-56,000	-99,000	-114,000	-52,000	-144,000	-137,000	-146,000	-114,000	-52,000	-86,000	-94,000	-144,100	-145,200	-127,800	-145,000	0	0	0	-	-	-	-
Stock-based Compensation
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0
Increase in air traffic liability
-	-	-	-	-	-18,000	-34,000	-33,000	-3,000	45,000	110,000	186,000	168,000	3,000	25,000	30,000	54,000	38,000	57,000	33,000	65,000	67,000	75,000	82,000	57,000	29,000	44,000	57,000	37,000	45,000	42,300	72,900	69,000	67,000	79,000	65,400	116,400	56,000	0	0	0
Increase in deferred revenue
108,000	116,000	140,000	172,000	164,000	149,000	167,000	174,000	186,000	191,000	223,000	174,000	148,000	153,000	75,000	78,000	85,000	57,000	61,000	60,000	49,000	40,000	252,000	79,000	85,000	84,000	-127,000	41,000	35,000	33,000	29,500	27,800	18,700	7,000	0	0	0	-	-	-	-
Increase (decrease) in other long-term liabilities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	21,200	91,300	70,000	0	0	0	-	-	-	-
Other - net
-169,000	18,000	126,000	131,000	129,000	9,000	2,000	-58,000	-20,000	-41,000	-165,000	-74,000	-197,000	-15,000	-20,000	-16,000	79,000	157,000	189,000	229,000	246,000	32,000	55,000	16,000	110,000	148,000	194,000	184,000	51,000	25,000	13,400	50,200	21,400	9,000	0	0	0	-	-	-	-
Increase in other assets and liabilities net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0
Net cash provided by operating activities
1,287,000	1,722,000	1,590,000	1,502,000	1,357,000	1,195,000	1,219,000	1,232,000	1,426,000	1,590,000	1,537,000	1,571,000	1,331,000	1,386,000	1,561,000	1,594,000	1,595,000	1,584,000	1,367,000	1,284,000	1,302,000	1,030,000	1,051,000	1,024,000	1,011,000	981,000	937,000	890,000	782,000	753,000	725,200	782,300	760,200	696,000	655,400	588,100	617,300	553,000	0	0	0
Cash flows used in investing activities:
Property and equipment additions:
Aircraft and aircraft purchase deposits
360,000	356,000	623,000	587,000	604,000	686,000	474,000	671,000	779,000	804,000	799,000	664,000	597,000	528,000	526,000	459,000	527,000	681,000	647,000	733,000	678,000	498,000	548,000	509,000	462,000	487,000	510,000	460,000	464,000	455,000	355,700	331,200	259,700	318,000	290,000	308,500	273,300	139,000	0	0	0
Other flight equipment
184,000	178,000	154,000	132,000	105,000	105,000	102,000	107,000	105,000	96,000	88,000	67,000	58,000	53,000	53,000	67,000	73,000	79,000	100,000	114,000	135,000	131,000	117,000	89,000	52,000	41,000	27,000	29,000	28,000	24,000	29,600	30,900	32,100	35,000	24,800	-14,500	17,700	27,000	0	0	0
Other property and equipment
156,000	162,000	156,000	151,000	131,000	169,000	163,000	159,000	161,000	126,000	123,000	119,000	120,000	97,000	93,000	86,000	71,000	71,000	56,000	56,000	67,000	65,000	65,000	60,000	42,000	38,000	36,000	32,000	31,000	39,000	47,200	38,800	44,100	34,000	10,800	20,300	17,200	19,000	0	0	0
Total property and equipment additions, including capitalized interest
700,000	696,000	933,000	870,000	840,000	960,000	739,000	937,000	1,045,000	1,026,000	1,010,000	850,000	775,000	678,000	672,000	612,000	671,000	831,000	803,000	903,000	880,000	694,000	730,000	658,000	556,000	566,000	573,000	521,000	523,000	518,000	432,500	400,900	335,900	387,000	325,600	314,300	308,200	185,000	0	0	0
Assets constructed for others (Terminal 6 at LAX)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	56,000	93,600	114,400	133,000	109,000	0	0	0	-	-	-	-
Proceeds from disposition of assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0
Purchases of marketable securities
1,986,000	1,810,000	1,608,000	1,190,000	947,000	834,000	833,000	1,088,000	1,250,000	1,569,000	1,593,000	1,360,000	1,159,000	960,000	1,226,000	1,226,000	1,282,000	1,327,000	1,031,000	1,032,000	1,047,000	949,000	1,018,000	1,126,000	1,243,000	1,218,000	1,313,000	1,313,000	1,170,000	1,130,000	913,300	993,300	942,400	884,000	1,007,000	871,600	919,600	1,022,000	0	0	0
Sales and maturities of marketable securities
1,936,000	1,700,000	1,471,000	1,289,000	1,074,000	1,100,000	1,188,000	1,333,000	1,416,000	1,400,000	1,393,000	1,146,000	1,107,000	962,000	995,000	856,000	1,056,000	1,175,000	1,171,000	1,370,000	1,124,000	1,092,000	1,116,000	1,022,000	1,077,000	1,089,000	1,059,000	1,083,000	1,099,000	1,048,000	959,800	927,000	830,000	956,000	981,600	943,800	984,000	931,000	0	0	0
Other investing activities
-44,000	-41,000	-48,000	-62,000	-44,000	-47,000	-76,000	-78,000	-86,000	-78,000	-38,000	-12,000	-4,000	-5,000	-59,000	-56,000	-52,000	-53,000	-13,000	-12,000	-5,000	-10,000	4,000	6,000	-11,000	3,000	-7,000	-11,000	-3,000	-11,000	-1,200	-9,500	-39,100	-21,000	-30,200	-22,000	6,700	-10,000	0	0	0
Net cash used in investing activities
-732,000	-791,000	-1,006,000	-693,000	-653,000	-631,000	-320,000	-626,000	-805,000	-1,129,000	-3,123,000	-3,003,000	-2,774,000	-2,622,000	-844,000	-926,000	-845,000	-930,000	-650,000	-553,000	-798,000	-541,000	-636,000	-768,000	-711,000	-698,000	-811,000	-746,000	-623,000	-645,000	-478,400	-572,100	-542,200	-403,000	-434,600	-297,000	-280,900	-295,000	0	0	0
Cash flows from financing activities:
Proceeds from issuance of debt
0	-	0	0	0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Long-term debt payments
767,000	1,100,000	1,015,000	1,081,000	1,080,000	807,000	676,000	496,000	416,000	397,000	421,000	351,000	314,000	249,000	116,000	115,000	117,000	116,000	115,000	113,000	117,000	119,000	119,000	116,000	110,000	161,000	174,000	219,000	304,000	275,000	325,700	373,600	303,800	334,000	338,000	315,500	370,400	321,000	0	0	0
Common stock repurchases
93,000	75,000	66,000	50,000	50,000	50,000	62,000	78,000	88,000	75,000	50,000	22,000	66,000	193,000	317,000	436,000	530,000	505,000	487,000	527,000	420,000	348,000	318,000	191,000	170,000	159,000	91,000	85,000	70,000	60,000	70,400	72,700	62,700	80,000	75,400	52,000	60,800	45,000	0	0	0
Dividends paid
175,000	173,000	169,000	165,000	161,000	158,000	155,000	153,000	151,000	148,000	145,000	142,000	139,000	136,000	126,000	118,000	110,000	102,000	95,000	86,000	77,000	68,000	65,000	62,000	45,000	28,000	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds and tax benefit from issuance of common stock
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	31,000	25,300	18,100	14,700	19,000	24,600	30,900	34,200	37,000	0	0	0
Other financing activities
14,000	43,000	36,000	40,000	36,000	29,000	34,000	31,000	34,000	28,000	30,000	20,000	23,000	25,000	26,000	37,000	34,000	35,000	34,000	18,000	20,000	22,000	29,000	27,000	20,000	23,000	30,000	36,000	57,000	38,000	29,500	25,500	10,100	3,000	500	5,100	3,800	-3,000	0	0	0
Net cash provided by (used in) financing activities
42,000	-813,000	-519,000	-663,000	-662,000	-647,000	-859,000	-696,000	-621,000	-592,000	-88,000	1,549,000	1,548,000	1,491,000	1,013,000	-632,000	-723,000	-688,000	-663,000	-708,000	-543,000	-462,000	-422,000	-291,000	-305,000	-325,000	-112,000	-122,000	-112,000	-88,000	-287,800	-242,700	-230,700	-281,000	-281,800	-331,500	-393,200	-332,000	0	0	0
Net increase (decrease) in cash, cash equivalents, and restricted cash
597,000	118,000	65,000	146,000	42,000	-83,000	40,000	-90,000	0	-131,000	-1,674,000	117,000	105,000	255,000	1,730,000	36,000	27,000	-34,000	54,000	23,000	-39,000	27,000	-7,000	-35,000	-5,000	-42,000	14,000	22,000	47,000	20,000	-41,000	-32,500	-12,700	12,000	-61,000	-40,400	-56,800	-74,000	0	0	0
Cash paid during the period for:
Interest (net of amount capitalized)
51,000	60,000	60,000	67,000	66,000	72,000	76,000	81,000	82,000	84,000	80,000	58,000	42,000	24,000	11,000	8,000	9,000	8,000	11,000	20,000	24,000	28,000	30,000	30,000	31,000	35,000	37,000	42,000	45,000	46,000	48,000	59,300	64,900	74,000	92,700	98,200	102,500	106,000	0	0	0
Income taxes
31,000	31,000	2,000	0	0	0	48,000	163,000	175,000	177,000	267,000	291,000	448,000	459,000	408,000	423,000	427,000	349,000	403,000	341,000	255,000	326,000	234,000	236,000	149,000	149,000	129,000	87,000	87,000	78,000	54,800	4,900	5,000	8,000	7,100	4,900	0	0	0	0	0
Payment for Pension and Other Postretirement Benefits
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	141,000	0	0	0	-	-	-	-
Non-cash transactions:
Assets constructed related to Terminal 6 at LAX
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	0	0	0	-	-	-	-