UAL Corp
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 16,932 13,788 13,408 12,893 14,473 15,343 17,268 18,317 18,435 14,197 20,236 32,511 32,583 33,122 33,762 32,785 31,457 32,404 37,706 39,625 11,805
Regional Affiliate Revenue 0 1,039 1,281 1,529 1,931 2,429 2,901 3,063 3,098 2,884 4,217 6,536 6,779 7,125 6,977 6,452 6,043 5,852 0 0 0
Total Revenue 20,023 17,396 15,822 14,928 16,391 17,379 19,340 20,143 20,194 16,335 23,325 37,110 37,152 38,279 38,901 37,864 36,556 37,736 41,303 43,259 15,355
Wages Salaries & Benefits 6,877 7,080 7,018 5,377 5,006 4,027 4,267 4,261 4,311 3,919 5,002 7,652 7,945 8,625 8,935 9,713 10,275 11,045 11,458 12,071 9,522
Aircraft Fuel Expense 2,511 2,476 1,921 2,072 2,943 4,032 4,824 5,003 7,722 4,204 6,687 12,375 13,138 12,345 11,675 7,522 5,813 6,913 9,307 8,953 3,153
Depreciation & Amortization 1,058 1,932 970 938 874 873 888 925 932 917 1,079 1,547 1,522 1,689 1,679 1,819 1,977 2,149 2,165 2,288 2,488
Net Interest Expense 301 420 530 472 424 444 521 404 411 558 783 929 812 762 713 644 572 586 569 598 1,013
Operating Expense 19,369 21,167 18,659 16,288 17,245 17,598 18,893 19,106 24,632 16,496 22,253 35,288 37,113 37,030 36,528 32,698 32,218 34,238 38,074 38,958 21,714
Operating Income (Loss) 654 (3,771) (2,837) (1,360) (854) (219) 447 1,037 (4,438) (161) 976 1,822 39 1,249 2,373 5,166 4,338 3,498 3,229 4,301 6,359
Pretax Income (Loss) 431 (3,357) (3,198) (2,804) (1,726) (21,180) 22,889 695 (5,379) (668) 253 845 (724) 539 1,128 4,219 3,819 2,999 2,648 3,914 (8,822)
Net Income (Loss) 50 (2,145) (3,212) (2,808) (1,721) (21,176) 22,876 403 (5,348) (651) 253 840 (723) 571 1,132 7,340 2,263 2,131 2,122 3,009 (7,069)
Balance Sheet Asset                                          
Cash & Short-term Investment 2,344 2,608 1,274 1,718 1,301 1,838 4,144 3,554 2,039 3,042 8,680 7,762 6,543 5,121 4,384 5,196 4,428 3,798 3,950 4,944 11,683
Restricted Cash & Short-term Investments 0 0 462 679 877 643 341 325 54 128 37 40 65 31 44 204 124 91 105 0 255
Total Current Assets 4,779 5,086 3,379 4,024 3,914 4,259 6,273 6,095 4,861 5,105 12,045 10,997 10,049 8,702 7,547 7,828 7,309 7,113 7,194 8,188 14,800
Total Assets 24,355 25,197 23,656 21,979 20,705 19,342 25,369 24,220 19,461 18,684 39,598 37,988 37,628 36,812 36,595 40,861 40,140 42,326 42,792 52,605 59,520
Balance Sheet Liabilities                                          
Air Traffic Liability 1,454 1,183 1,021 1,330 1,361 1,575 1,669 1,918 1,530 1,492 2,998 3,114 3,321 N/A 3,701 3,753 3,730 3,876 4,381 4,819 4,833
Current Liability 6,509 8,066 3,991 6,112 6,461 5,234 7,945 7,979 7,281 6,473 12,645 11,394 10,626 12,107 12,508 12,414 12,286 12,676 13,212 14,943 14,943
Long-term Debt & Capital Lease Obligations, Less Current Maturities 6,949 8,565 700 163 301 1,400 8,803 7,521 7,199 7,227 12,470 11,424 11,232 10,824 10,692 10,400 10,740 12,699 13,349 13,369 25,056
Pension & Post Retirement Benefits 1,693 2,931 6,470 6,671 4,253 2,027 2,085 1,829 1,812 1,928 3,817 4,269 5,014 3,353 4,159 3,370 3,473 3,523 2,871 2,235 3,454
Retained Earnings (Accumulated deficit) 1,998 (199) (3,417) (6,225) (7,946) (29,122) 16 152 (5,199) (5,956) (5,703) 4,863 (5,586) (5,015) (3,883) 3,457 3,427 4,621 6,668 12,353 12,353
Total Stockholder Equity (deficit) 5,457 3,033 (2,483) (5,916) (7,680) (25,560) 2,148 2,418 (2,465) (2,811) 1,727 1,806 481 2,984 2,396 8,966 8,659 8,806 9,995 11,492 5,928
Cash Flow Statement                                          
Net Cash Provided by (Used in) Operating Activity 2,472 (160) (1,139) 1,001 99 1,079 1,562 2,134 (1,239) 966 1,907 2,408 935 1,444 2,634 5,992 5,542 3,413 6,146 6,879 (4,145)
Net Cash Provided by (Used in) Investing Activities (2,521) (1,969) 71 339 (296) (291) (250) (2,560) 2,721 (80) 3,320 (1,799) (1,975) (2,022) (2,331) (2,607) (3,238) (3,930) (4,455) (4,560) 50
Net Cash Provided by (Used in) Financing activities 1,418 2,138 266 (404) (72) (110) 782 (2,147) (702) 117 (200) (2,432) (454) (972) (1,596) (2,495) (3,213) (195) (1,483) (1,250) 12,975
Payments on Long-term Debt and Capital Lease Obligation (724) (465) (1,558) (527) (424) (379) (792) (1,434) (901) (966) (2,507) (2,617) (1,392) (2,185) (2,503) (2,178) (1,215) (901) (1,727) (1,240) (4,383)
Proceeds from Issuance of Long-term Debt 2,515 2,485 950 0 0 0 0 694 337 562 2,086 152 1,121 1,423 1,432 1,073 808 2,765 1,594 1,847 16,044
Net Increase (Decrease) in Cash 1,369 9 (802) 754 (417) 538 2,071 (2,573) 780 1,003 5,027 (1,823) (1,476) (1,550) (1,218) 890 (909) (712) 208 1,069 8,880
Operating Statistics                                          
Regional Passengers 0 0 0 32,764 45,439 46,846 47,880 46,554 N/A N/A N/A N/A N/A N/A
Regional ASM 16,000 16,200 18,000 23,827 33,091 32,530 32,347 31,916 N/A N/A N/A N/A N/A N/A
Regional RPM 13,000 12,100 13,800 18,675 25,768 26,069 26,589 26,544 N/A N/A N/A N/A N/A N/A
Mainline Passengers 85 75 69 66 71 67 69 68 63 56 65 96 94 91 91 96 101 108 158 162 58
Mainline ASM 175,485 164,849 148,827 136,630 145,361 140,300 143,095 141,890 135,861 122,737 145,738 219,437 216,330 213,007 214,105 219,989 224,692 234,576 275,262 284,999 122,804
Mainline RPM 126,933 116,635 109,460 104,464 115,198 114,272 117,470 117,399 110,061 100,475 122,182 181,763 179,416 178,578 179,015 183,642 186,181 193,444 230,155 239,360 73,883
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 SECís EDGAR tool.