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.

American Airlines Group Inc., consolidated balance sheet: assets (quarterly data)

US$ in millions

	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	578)	577)	614)	452)	440)	332)	401)	376)	273)	293)	325)	277)	245)	253)	462)	474)	280)	312)	319)	337)
Short-term investments	7,000)	10,005)	11,447)	11,041)	8,525)	10,900)	12,121)	12,108)	12,158)	14,243)	17,625)	13,762)	6,619)	8,031)	9,351)	3,102)	3,546)	4,856)	5,088)	4,012)
Restricted cash and short-term investments	910)	925)	984)	955)	995)	953)	997)	952)	990)	923)	999)	806)	609)	508)	539)	157)	158)	158)	157)	156)
Accounts receivable, net	2,026)	2,021)	2,073)	1,989)	2,138)	1,991)	1,835)	1,537)	1,505)	1,332)	1,249)	971)	1,342)	1,135)	879)	1,020)	1,750)	1,850)	1,943)	1,876)
Aircraft fuel, spare parts and supplies, net	2,400)	2,461)	2,280)	2,308)	2,279)	2,215)	2,273)	2,002)	1,795)	1,851)	1,789)	1,658)	1,614)	1,633)	1,653)	1,772)	1,851)	1,800)	1,708)	1,666)
Prepaid expenses and other	658)	719)	822)	907)	892)	986)	898)	787)	615)	553)	660)	615)	666)	780)	905)	650)	621)	596)	635)	607)
Current assets	13,572)	16,708)	18,220)	17,652)	15,269)	17,377)	18,525)	17,762)	17,336)	19,195)	22,647)	18,089)	11,095)	12,340)	13,789)	7,175)	8,206)	9,572)	9,850)	8,654)
Flight equipment	41,794)	40,934)	40,570)	40,020)	39,703)	39,154)	38,754)	38,359)	37,856)	37,689)	37,577)	37,480)	37,816)	37,576)	38,672)	39,305)	42,537)	42,320)	42,437)	42,013)
Ground property and equipment	10,307)	10,156)	9,996)	10,030)	9,913)	9,696)	9,595)	9,418)	9,335)	9,114)	9,132)	9,108)	9,194)	9,451)	9,386)	9,602)	9,443)	9,232)	9,007)	8,932)
Equipment purchase deposits	760)	799)	767)	640)	613)	643)	617)	545)	517)	626)	714)	1,136)	1,446)	1,899)	1,786)	1,740)	1,674)	1,567)	1,372)	1,211)
Property and equipment, at cost	52,861)	51,889)	51,333)	50,690)	50,229)	49,493)	48,966)	48,322)	47,708)	47,429)	47,423)	47,724)	48,456)	48,926)	49,844)	50,647)	53,654)	53,119)	52,816)	52,156)
Accumulated depreciation and amortization	(22,097)	(21,571)	(21,062)	(20,546)	(20,029)	(19,506)	(18,972)	(18,464)	(18,171)	(17,632)	(17,218)	(16,827)	(16,757)	(16,670)	(16,493)	(16,441)	(18,659)	(18,500)	(18,114)	(17,746)
Property and equipment, net	30,764)	30,318)	30,271)	30,144)	30,200)	29,987)	29,994)	29,858)	29,537)	29,797)	30,205)	30,897)	31,699)	32,256)	33,351)	34,206)	34,995)	34,619)	34,702)	34,410)
Operating lease right-of-use assets	7,939)	7,878)	8,076)	7,838)	8,094)	7,549)	7,510)	7,745)	7,850)	7,804)	7,958)	8,000)	8,039)	7,979)	8,323)	8,619)	8,737)	8,842)	9,102)	9,124)
Goodwill	4,091)	4,091)	4,091)	4,091)	4,091)	4,091)	4,091)	4,091)	4,091)	4,091)	4,091)	4,091)	4,091)	4,091)	4,091)	4,091)	4,091)	4,091)	4,091)	4,091)
Intangibles, net of accumulated amortization	2,051)	2,053)	2,055)	2,057)	2,059)	2,069)	2,079)	1,970)	1,988)	1,998)	2,008)	2,019)	2,029)	2,039)	2,049)	2,059)	2,084)	2,095)	2,105)	2,115)
Deferred tax asset	2,888)	2,875)	2,660)	3,088)	3,099)	3,679)	3,858)	4,000)	3,556)	3,582)	3,631)	3,632)	3,239)	2,425)	1,725)	1,237)	645)	666)	792)	1,007)
Other assets	1,753)	1,788)	1,887)	1,916)	1,904)	1,900)	1,906)	1,975)	2,109)	1,970)	1,924)	1,921)	1,816)	1,643)	1,216)	1,193)	1,237)	1,290)	1,325)	1,386)
Other assets	10,783)	10,807)	10,693)	11,152)	11,153)	11,739)	11,934)	12,036)	11,744)	11,641)	11,654)	11,663)	11,175)	10,198)	9,081)	8,580)	8,057)	8,142)	8,313)	8,599)
Noncurrent assets	49,486)	49,003)	49,040)	49,134)	49,447)	49,275)	49,438)	49,639)	49,131)	49,242)	49,817)	50,560)	50,913)	50,433)	50,755)	51,405)	51,789)	51,603)	52,117)	52,133)
Total assets	63,058)	65,711)	67,260)	66,786)	64,716)	66,652)	67,963)	67,401)	66,467)	68,437)	72,464)	68,649)	62,008)	62,773)	64,544)	58,580)	59,995)	61,175)	61,967)	60,787)

Cash and short-term investments: Cash balances showed moderate fluctuations, with a notable decline in the second half of 2019, followed by a recovery and increase during 2022 and 2023. Short-term investments experienced significant volatility, with values rising sharply in mid-2020 and peaking in mid-2021 before gradually declining through 2023. Restricted cash and short-term investments generally increased until 2021, then stabilized around the 900-1000 million range.
Accounts receivable, net: The accounts receivable balance fell noticeably in early 2020, likely related to external disruptions, but then steadily increased over the following periods, surpassing pre-2020 levels by 2023, indicating increasing sales or credit activity.
Aircraft fuel, spare parts, and supplies, net: This inventory category showed a decline in 2020 but subsequently increased significantly, reaching the highest values in the latter half of 2023, potentially reflecting higher operational activity or stockpiling strategies.
Prepaid expenses and other current assets: Prepaid expenses fluctuated over the periods, rising sharply in mid-2020, then displaying a downward trend beginning in 2021, and continuing to decline through 2023, which might suggest improved expense management or changing payment terms.
Current assets: Current assets declined sharply in 2020 first quarter, followed by a pronounced rebound in the subsequent two years, peaking in mid-2021, and then exhibiting a gradual decline through 2023 but still maintaining higher levels than early 2020.
Flight equipment and related property and equipment: Flight equipment costs showed a gradual decline from 2019 to 2020, with a steady increase from 2021 onward, reaching a new peak by the end of 2023. Ground property and equipment steadily increased over the entire period, indicating ongoing investment or asset additions. Equipment purchase deposits showed a peak in 2020 then generally decreased with some fluctuations, signaling changes in capital expenditure plans or deliveries.
Property and equipment, at cost and net: The total property and equipment cost declined noticeably in 2020, consistent with lower asset additions or disposals, then recovered steadily through 2023. Accumulated depreciation increased consistently, reflecting ongoing asset usage. The net property and equipment asset value decreased substantially in 2020 and plateaued in the following years, suggesting slower asset renewal or depreciation outpacing additions during recovery.
Operating lease right-of-use assets: These assets declined steadily from 2019 through 2022, with minor upturns in late 2022 and fluctuations in 2023, indicating changes in lease agreements or lease terminations.
Goodwill and intangible assets: Goodwill remained constant at 4091 million throughout the entire period. Intangibles net of amortization declined slightly but steadily from 2019 through 2023, reflecting ongoing amortization with no significant additions.
Deferred tax assets: Deferred tax assets increased sharply from early 2020 through 2021, peaking around 4000 million, then declined gradually through 2023, implying changes in expected future tax benefits or adjustments in tax positions.
Other assets: Two separate categories of other assets showed modest fluctuations. One category increased noticeably between 2019 and 2020 and remained relatively stable afterward, while the other decreased gradually since 2019, indicating reclassification or disposals over time.
Noncurrent assets and total assets: Noncurrent assets showed a slight overall downward trend from 2019 to 2023, with some minor fluctuations including a recovery in late 2022. Total assets declined significantly in 2020, then recovered in 2021 before declining again in 2022 and 2023, suggesting broader asset management activities influenced by external factors and recovery efforts.

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American Airlines Group Inc. (NASDAQ:AAL)

Balance Sheet: Assets Quarterly Data

Assets: Selected Items

Current Assets: Selected Items

Balance Sheet: Assets
Quarterly Data