ALASKA AIR GROUP, INC. ALK Income Statement

Alaska air group, inc. (ALK)

Income statement / Yearly

Dec'18	Dec'17	Dec'16	Dec'15	Dec'14	Dec'13	Dec'12	Dec'11	Dec'10	Dec'09	Dec'08
Operating Revenues
Passenger, Mainline
-	-	-	3,939	3,774	3,490	3,284	2,995	2,595	2,438	-
Passenger, Regional
-	-	-	854	805	777	746	713	671	668	-
Othernet
-	-	-	697	675	584	516	501	460	196	160
Special Revenue
-	-	-	-	-	192	0	0	-	-	-
Total Operating Revenues
8,264	7,894	5,925	5,598	5,368	5,156	4,657	4,318	3,832	3,399	3,662
Change in Mileage Plan terms
-	-	-	-	-	-	-	-	-	-	42
Wages and benefits
2,190	1,931	1,394	1,254	1,136	1,086	1,038	991	961	988	943
Variable incentive pay
147	135	127	120	116	105	88	72	92	76	21
Aircraft fuel, including hedging gains and losses
1,936	1,447	831	954	1,418	1,467	1,459	1,298	901	658	1,398
Aircraft maintenance
435	391	270	253	229	247	222	206	217	223	208
Aircraft rent
315	274	114	105	110	119	116	116	139	153	163
Landing fees and other rentals
499	460	320	296	279	262	243	238	233	223	223
Contracted services
306	314	247	214	196	176	200	185	163	150	166
Selling expenses
326	368	248	211	199	179	168	175	154	131	147
Depreciation and amortization
398	372	363	320	294	270	264	247	230	219	204
Food and beverage service
211	195	126	113	93	84	79	67	57	50	50
Third-party regional carrier expense
154	121	95	72	58	45	-	-	-	-	-
Other
572	562	367	356	308	278	248	235	201	213	222
Special items - merger-related costs
87	116	117	-	-30	-	-	-	-	-	-
Special items—other
45	0	0	32	-	0	0	-	-	-	-
Fleet transition and restructuring related expenses
-	-	-	-	-	-	-	39	13	44	-
New pilot contract transition costs
-	-	-	-	-	-	-	-	-	-	0
Restructuring charges
-	-	-	-	-	-	-	-	-	-	12
Horizon restructuring and CRJ-700 fleet transition costs
-	-	-	-	-	-	-	-	-	-	0
Fleet transition costs - MD-80
-	-	-	-	-	-	-	-	-	-	47
Fleet transition costs - CRJ-700
-	-	-	-	-	-	-	-	-	-	13
Fleet transition costs - Q200
-	-	-	-	-	-	-	-	-	-	10
Total Operating Expenses
7,621	6,686	4,619	4,300	4,406	4,318	4,125	3,869	3,361	3,132	3,834
Operating Income (Loss)
643	1,208	1,306	1,298	962	838	532	449	471	267	-172
Nonoperating Income (Expense)
Interest income
38	34	27	21	21	18	19	22	29	32	42
Interest expense
91	103	55	42	48	56	64	87	108	104	104
Interest capitalized
18	17	25	34	20	21	18	12	-6	7	-23
Other—net
-23	3	13	1	20	-5	9	-2	8	-0	-1
Nonoperating Income (Expense) Total
-58	-49	10	14	13	-22	-18	-55	-65	-64	-41
Income (Loss) Before Income Tax
585	1,159	1,316	1,312	975	816	514	394	406	202	-213
Income Tax Expense, Before Tax Cuts and Jobs Act of 2017
148	436	502	490	-	-	-	-	-	-	-
Special tax expense (benefit)
0	-237	17	-26	-	-	-	-	-	-	-
Income tax (benefit) expense
148	199	519	464	370	308	198	149	155	81	-77
Net Income (Loss)
437	960	797	848	605	508	316	245	251	121	-135
Basic Earnings Per Share (usd per share)
3.55	7.79	6.45	6.61	4.47	3.63	2.23	3.41	3.50	3.39	-3.74
Diluted Earnings Per Share (usd per share)
3.52	7.75	6.41	6.56	4.42	3.58	2.20	3.33	3.41	3.36	-3.74
Shares used for computation:
Basic shares (shares)
123	123	123	128	135	139	141	71	71	35	36
Diluted shares (shares)
123	123	124	129	136	141	143	73	73	36	36
Cash dividend declared per share
1.28	1.20	1.10	0.80	0.50	0.20	0.00	0.00	-	-	-
Passenger Revenue [Member]
Revenue from Contract with Customer, Excluding Assessed Tax
7,632	7,301	5,392	4,793	4,579	4,267	4,030	3,708	3,266	3,107	3,355
Mileage Plan Revenue [Member]
Revenue from Contract with Customer, Excluding Assessed Tax
1,053	959	813	-	-	-	-	-	-	-	-
Cargo and Other Revenue [Member]
Revenue from Contract with Customer, Excluding Assessed Tax
198	175	163	108	114	113	111	109	106	95	103
Passenger [Member]
Revenue from Contract with Customer, Excluding Assessed Tax
-	7,301	5,392	-	-	-	-	-	-	-	-
Mileage Plan Services, Other [Member]
Revenue from Contract with Customer, Excluding Assessed Tax
434	418	370	-	-	-	-	-	-	-	-
Cargo and Freight [Member]
Revenue from Contract with Customer, Excluding Assessed Tax
198	175	163	-	-	-	-	-	-	-	-