Common-Size Balance Sheet: Liabilities and Stockholders’ Equity
Paying user area
Try for free
American Airlines Group Inc. pages available for free this week:
- Income Statement
- Cash Flow Statement
- Common-Size Income Statement
- Analysis of Solvency Ratios
- DuPont Analysis: Disaggregation of ROE, ROA, and Net Profit Margin
- Common Stock Valuation Ratios
- Enterprise Value to EBITDA (EV/EBITDA)
- Price to FCFE (P/FCFE)
- Return on Assets (ROA) since 2013
- Price to Operating Profit (P/OP) since 2013
The data is hidden behind: . Unhide it.
Get full access to the entire website from $10.42/mo, or
get 1-month access to American Airlines Group Inc. for $22.49.
This is a one-time payment. There is no automatic renewal.
We accept:
American Airlines Group Inc., common-size consolidated balance sheet: liabilities and stockholders’ equity
Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).
- Current maturities of long-term debt and finance leases
- This liability declined from 4.77% in 2019 to 3.74% in 2021, followed by a rise to 5.76% by 2023, indicating increased short-term debt obligations in recent years.
- Accounts payable
- Accounts payable fell significantly in 2020 to 1.93% from 3.44% in 2019, then gradually increased to 3.73% by 2023, suggesting a recovery and return to typical supplier credit levels.
- Accrued salaries and wages
- This item showed relative stability around 2.5-3% of total liabilities, with a notable increase to 3.77% in 2023, potentially reflecting increased payroll liabilities or timing differences.
- Air traffic liability
- The air traffic liability remained a substantial part of liabilities, declining slightly in 2020 but rising steadily to 10.42% in 2022, then decreasing slightly to 9.83% in 2023, reflecting passenger revenue deferrals and adjustments over the period.
- Loyalty program liability (current)
- Current loyalty program liability dropped from 5.32% in 2019 to 3.28% in 2020, then increased to 5.48% in 2023, indicating fluctuations in customer rewards obligations in response to business activity.
- Current operating lease liabilities
- There was a consistent decline from 2.85% in 2019 to 2.08% in 2023, suggesting a reduction in short-term lease liabilities, potentially linked to changes in leasing strategies or asset usage.
- Other accrued liabilities
- This category increased from 3.56% in 2019 to a peak of 4.61% in 2022, then slightly decreased to 4.34% in 2023, indicating rising miscellaneous current liabilities over time.
- Current liabilities
- Current liabilities as a whole showed a U-shaped trend, decreasing from 30.52% in 2019 to 26.72% in 2020, then rising steadily to 34.99% in 2023, which may indicate increasing short-term obligations in the recent period.
- Long-term debt and finance leases, net of current maturities
- Long-term debt rose sharply from 35.76% in 2019 to a peak of 53.52% in 2021, before declining to 46.42% in 2023, reflecting debt restructuring and repayment activities following the pandemic period.
- Pension and postretirement benefits
- This liability increased to 11.4% in 2020, then decreased markedly to around 4.8% by 2023, suggesting funding improvements or remeasurements impacting these obligations.
- Loyalty program liability (noncurrent)
- The noncurrent loyalty program liability increased from 9.04% in 2019 to 11.55% in 2020, followed by a gradual decrease to 9.32% in 2023, paralleling trends in the current portion and reflecting ongoing management of these long-term obligations.
- Noncurrent operating lease liabilities
- These liabilities declined from 12.37% in 2019 to 9.94% in 2021, then stabilized around 10.2% through 2023, indicating a reduction and stabilization of long-term lease obligations.
- Other liabilities
- Maintaining relative stability near 2.4%, other liabilities showed a slight dip and subsequent rebound, indicating steady minor liabilities over time.
- Noncurrent liabilities
- Noncurrent liabilities increased markedly from 69.68% in 2019 to 84.35% in 2020, then declined to 73.26% in 2023, reflecting shifts in long-term financing and benefit obligations post-pandemic.
- Total liabilities
- Total liabilities exceeded 100% in all years, peaking at 111.07% in 2020 and 111.04% in 2021, then declining modestly to 108.25% in 2023, demonstrating persistent high leverage relative to equity components throughout the period.
- Common stock
- This account remained negligible at 0.01%, indicating minimal impact on the overall financial structure from par value stock changes.
- Additional paid-in capital
- Additional paid-in capital approximately doubled from 6.58% in 2019 to around 11.7% in 2023, reflecting equity injections or retained share premiums enhancing the equity base.
- Accumulated other comprehensive loss
- This item remained negative throughout, ranging between -10.55% and -7.08%, showing some improvement yet still indicating accumulated losses impacting equity.
- Retained earnings (deficit)
- Retained earnings moved into a significant deficit starting in 2020, falling to around -13% in 2021 and 2022, with a slight improvement to -12.19% in 2023, demonstrating ongoing earnings challenges and accumulated losses during the period.
- Stockholders’ deficit
- The overall stockholders’ deficit worsened sharply to about -11% in 2020 and 2021, improving somewhat to -8.25% by 2023, indicating reduced but still negative equity attributable to shareholders.
- Total liabilities and stockholders’ deficit
- By definition, this remained constant at 100% each year, confirming the balance between liabilities and equity components despite shifts in their relative proportions.