Stock Analysis on Net

United Airlines Holdings Inc. (NASDAQ:UAL)

$24.99

Balance Sheet: Assets
Quarterly Data

The balance sheet provides creditors, investors, and analysts with information on company resources (assets) and its sources of capital (its equity and liabilities). It normally also provides information about the future earnings capacity of a company assets as well as an indication of cash flows that may come from receivables and inventories.

Assets are resources controlled by the company as a result of past events and from which future economic benefits are expected to flow to the entity.

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United Airlines Holdings Inc., consolidated balance sheet: assets (quarterly data)

US$ in millions

Microsoft Excel
Mar 31, 2024 Dec 31, 2023 Sep 30, 2023 Jun 30, 2023 Mar 31, 2023 Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019
Cash and cash equivalents
Short-term investments
Restricted cash
Receivables, less allowance for credit losses
Aircraft fuel, spare parts and supplies, less obsolescence allowance
Prepaid expenses and other
Current assets
Flight equipment
Other property and equipment
Purchase deposits for flight equipment
Operating property and equipment
Accumulated depreciation and amortization
Operating property and equipment, net
Operating lease right-of-use assets
Goodwill
Intangibles, less accumulated amortization
Restricted cash
Deferred income taxes
Investments in affiliates and other, less allowance for credit losses
Other assets
Noncurrent assets
Total assets

Based on: 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31).


Assets: Selected Items

Balance sheet item Description The company
Current assets Sum of the carrying amounts as of the balance sheet date of all assets that are expected to be realized in cash, sold, or consumed within one year (or the normal operating cycle, if longer). Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events. United Airlines Holdings Inc. current assets decreased from Q3 2023 to Q4 2023 but then slightly increased from Q4 2023 to Q1 2024.
Operating property and equipment, net Amount after accumulated depreciation, depletion and amortization of physical assets used in the normal conduct of business to produce goods and services and not intended for resale. Examples include, but are not limited to, land, buildings, machinery and equipment, office equipment, and furniture and fixtures. United Airlines Holdings Inc. operating property and equipment, net increased from Q3 2023 to Q4 2023 and from Q4 2023 to Q1 2024.
Noncurrent assets Sum of the carrying amounts as of the balance sheet date of all assets that are expected to be realized in cash, sold or consumed after one year or beyond the normal operating cycle, if longer. United Airlines Holdings Inc. noncurrent assets increased from Q3 2023 to Q4 2023 and from Q4 2023 to Q1 2024.
Total assets Sum of the carrying amounts as of the balance sheet date of all assets that are recognized. Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events. United Airlines Holdings Inc. total assets decreased from Q3 2023 to Q4 2023 but then slightly increased from Q4 2023 to Q1 2024.

Current Assets: Selected Items

Balance sheet item Description The company
Cash and cash equivalents Amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Excludes cash and cash equivalents within disposal group and discontinued operation. United Airlines Holdings Inc. cash and cash equivalents decreased from Q3 2023 to Q4 2023 but then increased from Q4 2023 to Q1 2024 exceeding Q3 2023 level.
Short-term investments Amount of investments including trading securities, available-for-sale securities, held-to-maturity securities, and short-term investments classified as other and current. United Airlines Holdings Inc. short-term investments decreased from Q3 2023 to Q4 2023 and from Q4 2023 to Q1 2024.
Receivables, less allowance for credit losses The total amount due to the entity within one year of the balance sheet date (or one operating cycle, if longer) from outside sources, including trade accounts receivable, notes and loans receivable, as well as any other types of receivables, net of allowances established for the purpose of reducing such receivables to an amount that approximates their net realizable value. United Airlines Holdings Inc. receivables, less allowance for credit losses decreased from Q3 2023 to Q4 2023 but then increased from Q4 2023 to Q1 2024 exceeding Q3 2023 level.
Aircraft fuel, spare parts and supplies, less obsolescence allowance Amount after valuation and LIFO reserves of inventory expected to be sold, or consumed within one year or operating cycle, if longer. United Airlines Holdings Inc. aircraft fuel, spare parts and supplies, less obsolescence allowance increased from Q3 2023 to Q4 2023 and from Q4 2023 to Q1 2024.