Alaska Air Group Inc
All units in Millions or Millions USD 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018* 2019 2020
Income Statement                                          
Passenger Revenue 2,039 1,972 2,038 2,243 2,495 2,729 3,083 3,237 3,356 3,107 3,489 3,951 4,030 4,267 4,579 4,793 5,006 6,818 7,632 8,095 3,019
Regional Affiliate Revenue 426 380 394 442 487 544 633 709 723 668 725 775 746 777 805 854 908 960 0 0 0
Total Revenue 2,194 2,153 2,224 2,445 2,724 2,975 3,334 3,506 3,663 3,400 3,832 4,318 4,657 5,156 5,368 5,598 5,931 7,933 8,264 8,781 3,566
Wages Salaries & Benefits 716 796 858 942 962 904 937 958 944 988 961 991 1,038 1,086 1,136 1,254 1,382 1,924 2,190 2,370 2,053
Aircraft Fuel Expense 383 324 306 357 455 549 874 876 1,398 658 901 1,298 1,459 1,467 1,418 954 831 1,447 1,936 1,878 723
Depreciation & Amortization 108 134 133 133 143 143 158 177 205 219 231 247 264 270 294 320 363 372 398 0 0
Net Interest Expense 12 25 25 35 27 32 24 34 60 68 79 65 45 38 27 21 28 69 53 36 67
Operating Expense 2,227 2,279 2,317 2,456 2,718 2,809 3,422 3,294 3,835 3,132 3,361 3,869 4,125 4,318 4,406 4,300 4,582 6,673 7,621 7,718 5,341
Operating Income (Loss) (33) (126) (93) (18) 6 167 (87) 212 (172) 267 472 449 532 838 962 1,298 1,349 1,260 643 1,063 (1,775)
Pretax Income (Loss) (27) (64) (102) 29 (21) 137 (88) 202 (213) 203 406 394 514 816 975 1,312 1,345 1,207 585 1,016 (1,840)
Net Income (Loss) (67) (43) (119) 14 (15) (6) (53) 125 (136) 122 251 245 316 508 605 848 814 1,034 437 769 (1,324)
Balance Sheet Asset                                          
Cash & Short-term Investment 462 661 636 812 874 983 1,014 823 1,077 1,192 1,208 1,141 1,252 1,330 1,217 1,328 1,580 1,621 1,236 1,521 3,346
Restricted Cash & Short-term Investments
Total Current Assets 702 919 954 1,148 1,242 1,540 1,572 1,390 1,509 1,634 1,662 1,596 1,737 1,762 1,756 1,663 2,050 2,146 1,787 2,037 4,006
Total Assets 2,528 2,951 2,881 3,259 3,335 3,792 4,077 4,491 4,836 4,996 5,017 5,195 5,505 5,838 6,181 6,530 9,962 10,740 10,912 12,993 14,046
Balance Sheet Liabilities                                          
Air Traffic Liability 213 217 212 238 250 292 311 365 373 366 422 489 534 564 631 669 849 937 788 900 1,073
Current Liability 711 752 778 1,017 957 1,166 1,237 1,388 1,361 1,270 1,425 1,510 1,501 1,580 1,671 1,805 2,535 2,700 2,942 3,201 4,293
Long-term Debt & Capital Lease Obligations, Less Current Maturities 509 852 857 907 990 969 1,032 1,125 1,596 1,699 1,313 1,099 871 754 686 569 2,645 2,262 1,617 1,439 1,268
Pension & Post Retirement Benefits
Retained Earnings (Accumulated deficit) 415 404 286 299 284 278 207 332 193 315 566 811 1,127 1,607 2,144 2,890 3,568 4,454 4,534 5,133 3,764
Total Stockholder Equity (deficit) 895 851 656 674 665 828 886 1,024 662 872 1,105 1,173 1,421 2,029 2,127 2,411 2,931 3,721 3,751 4,331 2,988
Cash Flow Statement                                          
Net Cash Provided by (Used in) Operating Activity 273 287 125 355 333 270 450 482 164 293 554 696 753 981 1,030 1,584 1,386 1,590 1,195 1,722 (234)
Net Cash Provided by (Used in) Investing Activities (478) (218) (361) (638) (392) (481) (533) (602) (581) (657) (295) (403) (645) (698) (541) (930) (2,622) (1,132) (631) (791) (593)
Net Cash Provided by (Used in) Financing activities 174 321 15 207 (106) 257 240 93 496 246 (332) (281) (88) (325) (462) (688) 1,491 (592) (647) (813) 1,981
Payments on Long-term Debt and Capital Lease Obligation (66) (69) (44) (71) (210) (54) (203) (132) (343) (261) (321) (334) (275) (161) (119) (116) (249) (397) (807) (1,058) (565)
Proceeds from Issuance of Long-term Debt 238 389 58 274 95 94 408 282 884 275 0 107 0 0 51 0 2,044 0 339 450 2,564
Net Increase (Decrease) in Cash (31) 389 (222) (76) (165) 46 157 (26) 79 (119) (75) 12 20 (42) 27 (34) 255 (134) (83) 118 1,154
Operating Statistics                                          
Regional Passengers 5 5 5 5 6 6 7 8 7 7 7 7 7 8 8 9 9 9 10 11 6
Regional ASM 2,299 2,148 2,428 2,569 3,107 3,400 3,632 4,048 3,690 3,357 3,302 3,110 3,247 3,261 3,648 4,002 4,662 5,127 6,148 6,943 5,727
Regional RPM 1,428 1,350 1,514 1,640 2,155 2,475 2,691 2,960 2,678 2,449 2,491 2,446 2,590 2,661 2,940 3,238 3,720 4,101 4,892 5,627 3,055
Mainline Passengers 0 14 14 15 16 17 17 18 17 16 17 18 19 20 21 23 25 35 36 36 12
Mainline ASM 17,315 17,919 19,360 20,804 22,276 22,292 23,278 24,208 24,218 23,144 24,434 26,517 28,180 30,411 32,430 35,912 39,473 56,945 59,187 50,413 17,438
Mainline RPM 11,986 12,249 13,186 14,554 16,231 16,915 17,822 18,451 18,712 18,362 20,350 22,586 24,417 26,172 27,778 30,340 33,489 48,238 49,781 50,413 17,438
Data Source:  SEC 10K Filings
*Note: In 2018, many airlines changed their accounting principles to conform to new standards, which lead to some significant changes in the numbers reported compared to previous years. For the sake of clarity, many airlines provided recast 2017 results in their 10-K reports that can be found in SEC’s EDGAR tool.