Cash Flow Statement

The cash flow statement provides information about a company cash receipts and cash payments during an accounting period, showing how these cash flows link the ending cash balance to the beginning balance shown on the company balance sheet.

The cash flow statement consists of three parts: cash flows provided by (used in) operating activities, cash flows provided by (used in) investing activities, and cash flows provided by (used in) financing activities.

American Airlines Group Inc., consolidated cash flow statement

US$ in millions

12 months ended:	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Net income (loss)	822)	127)	(1,993)	(8,885)	1,686)
Depreciation and amortization	2,254)	2,298)	2,335)	2,370)	2,318)
Debt extinguishment costs	267)	3)	31)	—)	—)
Special items, net non-cash	41)	226)	52)	1,599)	376)
Pension and postretirement	(13)	(405)	(321)	(319)	(178)
Deferred income tax provision (benefit)	299)	65)	(555)	(2,568)	560)
Share-based compensation	102)	78)	98)	91)	94)
Net gains from sale of property and equipment and sale-leaseback transactions	—)	—)	(22)	(95)	(112)
Other, net	(205)	(37)	38)	47)	(62)
(Increase) decrease in accounts receivable	95)	(637)	(304)	538)	73)
(Increase) decrease in other assets	(11)	(775)	(402)	(38)	(373)
Increase (decrease) in accounts payable and accrued liabilities	873)	585)	461)	(626)	327)
Increase (decrease) in air traffic liability	(545)	658)	1,454)	(51)	469)
Increase (decrease) in loyalty program liability	182)	10)	(60)	580)	76)
Contributions to pension plans	(73)	(5)	(247)	(9)	(1,230)
Increase (decrease) in other liabilities	(285)	(18)	139)	823)	(209)
Changes in operating assets and liabilities	236)	(182)	1,041)	1,217)	(867)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities	2,981)	2,046)	2,697)	2,342)	2,129)
Net cash provided by (used in) operating activities	3,803)	2,173)	704)	(6,543)	3,815)
Capital expenditures, net of aircraft purchase deposit returns	(2,596)	(2,546)	(208)	(1,958)	(4,268)
Proceeds from sale of property and equipment and sale-leaseback transactions	230)	147)	374)	1,016)	904)
Sales of short-term investments	8,861)	14,972)	13,923)	2,803)	4,144)
Purchases of short-term investments	(7,323)	(11,257)	(19,454)	(5,873)	(3,184)
(Increase) decrease in restricted short-term investments	51)	1)	(401)	(308)	(3)
Purchase of equity investments	—)	(321)	(28)	—)	—)
Other investing activities	275)	(360)	(189)	(22)	164)
Net cash (used in) provided by investing activities	(502)	636)	(5,983)	(4,342)	(2,243)
Payments on long-term debt and finance leases	(7,718)	(3,752)	(7,343)	(3,535)	(4,190)
Proceeds from issuance of long-term debt	4,822)	1,069)	12,190)	11,780)	3,960)
Proceeds from issuance of equity	—)	—)	460)	2,970)	—)
Dividend payments	—)	—)	—)	(43)	(178)
Other financing activities	(310)	52)	(19)	(178)	(1,160)
Net cash provided by (used in) financing activities	(3,206)	(2,631)	5,288)	10,994)	(1,568)
Net increase (decrease) in cash and restricted cash	95)	178)	9)	109)	4)
Cash and restricted cash at beginning of year	586)	408)	399)	290)	286)
Cash and restricted cash at end of year	681)	586)	408)	399)	290)

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).

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Cash flow statement item	Description	The company
Net cash provided by (used in) operating activities	Amount of cash inflow (outflow) from operating activities, excluding discontinued operations. Operating activity cash flows include transactions, adjustments, and changes in value not defined as investing or financing activities.	American Airlines Group Inc. net cash provided by (used in) operating activities increased from 2021 to 2022 and from 2022 to 2023.
Net cash (used in) provided by investing activities	Amount of cash inflow (outflow) of investing activities, excluding discontinued operations. Investing activity cash flows include making and collecting loans and acquiring and disposing of debt or equity instruments and property, plant, and equipment and other productive assets.	American Airlines Group Inc. net cash (used in) provided by investing activities increased from 2021 to 2022 but then slightly decreased from 2022 to 2023.
Net cash provided by (used in) financing activities	Amount of cash inflow (outflow) of financing activities, excluding discontinued operations. Financing activity cash flows include obtaining resources from owners and providing them with a return on, and a return of, their investment; borrowing money and repaying amounts borrowed, or settling the obligation; and obtaining and paying for other resources obtained from creditors on long-term credit.	American Airlines Group Inc. net cash provided by (used in) financing activities decreased from 2021 to 2022 and from 2022 to 2023.

American Airlines Group Inc. (NASDAQ:AAL)

Cash Flow Statement