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: Liabilities and Stockholders’ Equity

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.

Liabilities represents obligations of a company arising from past events, the settlement of which is expected to result in an outflow of economic benefits from the entity.

United Airlines Holdings Inc., consolidated balance sheet: liabilities and stockholders’ equity

US$ in millions

Microsoft Excel
Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018
Accounts payable 3,395 2,562 1,595 2,703 2,363
Accrued salaries and benefits 1,971 2,121 1,960 2,271 2,184
Advance ticket sales 7,555 6,354 4,833 4,819 4,381
Frequent flyer deferred revenue 2,693 2,239 908 2,440 2,286
Current maturities of long-term debt 2,911 3,002 1,911 1,407 1,230
Current maturities of other financial liabilities 23 834 18
Current maturities of operating leases 561 556 612 686
Current maturities of finance leases 104 76 182 46 149
Other 779 560 706 566 619
Current liabilities 19,992 18,304 12,725 14,938 13,212
Long-term debt, less current portion 28,283 30,361 24,836 13,145 12,215
Long-term obligations under operating leases 4,459 5,152 4,986 4,946
Long-term obligations under finance leases 115 219 224 220 1,134
Frequent flyer deferred revenue 3,982 4,043 5,067 2,836 2,719
Pension liability 747 1,920 2,460 1,446 1,576
Postretirement benefit liability 671 1,000 994 789 1,295
Deferred income taxes 1,736 814
Other financial liabilities 844 863 1,140
Other 1,369 1,284 1,156 1,024 1,832
Other liabilities and deferred credits 7,613 9,110 10,817 7,831 8,236
Noncurrent liabilities 40,470 44,842 40,863 26,142 21,585
Total liabilities 60,462 63,146 53,588 41,080 34,797
Preferred stock
Common stock at par, $0.01 par value 4 4 4 3 3
Additional capital invested 8,986 9,156 8,366 6,129 6,120
Stock held in treasury, at cost (3,534) (3,814) (3,897) (3,599) (1,993)
Retained earnings 1,265 625 2,626 9,716 6,668
Accumulated other comprehensive income (loss) 175 (942) (1,139) (718) (803)
Stockholders’ equity 6,896 5,029 5,960 11,531 9,995
Total liabilities and stockholders’ equity 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).

Balance sheet item Description The company
Current liabilities Total obligations incurred as part of normal operations that are expected to be paid during the following twelve months or within one business cycle, if longer. United Airlines Holdings Inc. current liabilities increased from 2020 to 2021 and from 2021 to 2022.
Noncurrent liabilities Amount of obligation due after one year or beyond the normal operating cycle, if longer. United Airlines Holdings Inc. noncurrent liabilities increased from 2020 to 2021 but then decreased significantly from 2021 to 2022.
Total liabilities Sum of the carrying amounts as of the balance sheet date of all liabilities that are recognized. Liabilities are probable future sacrifices of economic benefits arising from present obligations of an entity to transfer assets or provide services to other entities in the future. United Airlines Holdings Inc. total liabilities increased from 2020 to 2021 but then slightly decreased from 2021 to 2022.
Stockholders’ equity Total of all stockholders’ equity (deficit) items, net of receivables from officers, directors, owners, and affiliates of the entity which are attributable to the parent. The amount of the economic entity stockholders’ equity attributable to the parent excludes the amount of stockholders’ equity which is allocable to that ownership interest in subsidiary equity which is not attributable to the parent (noncontrolling interest, minority interest). This excludes temporary equity and is sometimes called permanent equity. United Airlines Holdings Inc. stockholders’ equity decreased from 2020 to 2021 but then increased from 2021 to 2022 exceeding 2020 level.