American Airlines Group Inc.
Cash Flow Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $111.0M | $846.0M | $822.0M | $127.0M | $-1.99B | $-8.89B | $1.69B | $1.41B |
| Depreciation & Amortization | $2.20B | $2.20B | $2.30B | $2.30B | $2.30B | $2.40B | $2.60B | $2.40B |
| Depreciation | — | — | — | — | — | — | — | — |
| Amortization | — | — | $7.0M | $41.0M | $41.0M | $41.0M | $41.0M | $41.0M |
| Stock-Based Compensation | $57.0M | $92.0M | $102.0M | $78.0M | $98.0M | $91.0M | $94.0M | $86.0M |
| Net Cash from Operating Activities | $3.10B | $3.98B | $3.80B | $2.17B | $704.0M | $-6.54B | $3.82B | $3.53B |
| Investing Activities | ||||||||
| Capital Expenditures | $3.78B | $2.68B | $2.60B | $2.55B | $208.0M | $1.96B | $4.27B | $3.75B |
| Business Acquisitions | — | — | — | — | — | — | — | — |
| Net Cash from Investing Activities | $-1.89B | $-968.0M | $-502.0M | $636.0M | $-5.98B | $-4.34B | $-2.24B | $-1.97B |
| Financing Activities | ||||||||
| Dividends Paid | — | — | — | — | — | $43.0M | $178.0M | $186.0M |
| Stock Repurchases | — | — | — | $21.0M | $18.0M | $173.0M | $1.10B | $837.0M |
| Net Cash from Financing Activities | $-1.05B | $-2.79B | $-3.21B | $-2.63B | $5.29B | $10.99B | $-1.57B | $-1.67B |
| Net Change in Cash | $154.0M | $221.0M | $95.0M | $178.0M | $9.0M | $109.0M | $4.0M | $-112.0M |
| Free Cash Flow | $-680.0M | $1.30B | $1.21B | $-373.0M | $496.0M | $-8.50B | $-453.0M | $-212.0M |