Stock Analysis on Net

United Airlines Holdings Inc. (NASDAQ:UAL)

This company has been moved to the archive! The financial data has not been updated since April 20, 2023.

Balance Sheet: Assets

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.

United Airlines Holdings Inc., consolidated balance sheet: assets

US$ in millions

Microsoft Excel
Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018
Cash and cash equivalents 7,166 18,283 11,269 2,762 1,694
Short-term investments 9,248 123 414 2,182 2,256
Restricted cash 45 37 255
Receivables, less allowance for credit losses 1,801 1,663 1,295 1,364 1,346
Aircraft fuel, spare parts and supplies, less obsolescence allowance 1,109 983 932 1,072 985
Prepaid expenses and other 689 745 635 814 913
Current assets 20,058 21,834 14,800 8,194 7,194
Operating property and equipment, net 34,448 32,074 31,466 30,170 28,329
Operating lease right-of-use assets 3,889 4,645 4,537 4,758
Goodwill 4,527 4,527 4,527 4,523 4,523
Intangibles, less accumulated amortization 2,762 2,803 2,838 3,009 3,159
Restricted cash 210 213 218 106 105
Deferred income taxes 91 659 131
Investments in affiliates and other, less allowance for credit losses 1,373 1,420 1,031 1,851 1,482
Other assets 8,963 9,622 8,745 9,489 9,269
Noncurrent assets 47,300 46,341 44,748 44,417 37,598
Total assets 67,358 68,175 59,548 52,611 44,792

Based on: 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), 10-K (reporting date: 2018-12-31).


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 increased from 2020 to 2021 but then slightly decreased from 2021 to 2022.
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 2020 to 2021 and from 2021 to 2022.
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 2020 to 2021 and from 2021 to 2022.
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 increased from 2020 to 2021 but then slightly decreased from 2021 to 2022.

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 increased from 2020 to 2021 but then decreased significantly from 2021 to 2022.
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 2020 to 2021 but then increased from 2021 to 2022 exceeding 2020 level.
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 increased from 2020 to 2021 and from 2021 to 2022.
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 2020 to 2021 and from 2021 to 2022.