10-Q Filing

AMERICAN AIRLINES GROUP INC. CIK: 6201 Q1 2018

Filing Information

Form Type	10-Q
Accession Number	`0000006201-18-000016`
Period End Date	20180331
Filing Date	20180426
Fiscal Year	2018
Fiscal Period	Q1
XBRL Instance	aal-20180331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 87 Income Statement 56 Cash Flow Statement 51 Comprehensive Income 10

Balance Sheet 87 line items

Line Item	Tag	Value	Unit	Period
Accumulated amortization of intangibles	`FiniteLivedIntangibleAssetsAccumulatedAmortization`	$632.00M	USD	Point-in-time
Accumulated amortization of intangibles	`FiniteLivedIntangibleAssetsAccumulatedAmortization`	$622.00M	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	1.75B	shares	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	1.75B	shares	Point-in-time
Cash	`Cash`	$295.00M	USD	Point-in-time
Cash	`Cash`	$374.00M	USD	Point-in-time
Cash	`Cash`	$297.00M	USD	Point-in-time
Short-term investments	`AvailableForSaleSecuritiesDebtSecuritiesCurrent`	$4.99B	USD	Point-in-time
Short-term investments	`AvailableForSaleSecuritiesDebtSecuritiesCurrent`	$4.77B	USD	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	467.39M	shares	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	475.51M	shares	Point-in-time
Restricted cash and short-term investments	`RestrictedCashAndInvestmentsCurrent`	$294.00M	USD	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	467.39M	shares	Point-in-time
Restricted cash and short-term investments	`RestrictedCashAndInvestmentsCurrent`	$318.00M	USD	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	475.51M	shares	Point-in-time
Accounts receivable, net	`ReceivablesNetCurrent`	$1.81B	USD	Point-in-time
Accounts receivable, net	`ReceivablesNetCurrent`	$1.75B	USD	Point-in-time
Aircraft fuel, spare parts and supplies, net	`AirlineRelatedInventoryNet`	$1.36B	USD	Point-in-time
Aircraft fuel, spare parts and supplies, net	`AirlineRelatedInventoryNet`	$1.46B	USD	Point-in-time
Prepaid expenses and other	`PrepaidExpenseAndOtherAssetsCurrent`	$651.00M	USD	Point-in-time
Prepaid expenses and other	`PrepaidExpenseAndOtherAssetsCurrent`	$824.00M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$9.67B	USD	Point-in-time
Total current assets	`AssetsCurrent`	$9.15B	USD	Point-in-time
Flight equipment	`FlightEquipmentGross`	$40.66B	USD	Point-in-time
Flight equipment	`FlightEquipmentGross`	$40.32B	USD	Point-in-time
Ground property and equipment	`GroundPropertyAndEquipmentGross`	$8.27B	USD	Point-in-time
Ground property and equipment	`GroundPropertyAndEquipmentGross`	$8.60B	USD	Point-in-time
Equipment purchase deposits	`DepositsOnFlightEquipment`	$1.23B	USD	Point-in-time
Equipment purchase deposits	`DepositsOnFlightEquipment`	$1.22B	USD	Point-in-time
Total property and equipment, at cost	`PropertyPlantAndEquipmentGross`	$50.49B	USD	Point-in-time
Total property and equipment, at cost	`PropertyPlantAndEquipmentGross`	$49.80B	USD	Point-in-time
Less accumulated depreciation and amortization	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$16.16B	USD	Point-in-time
Less accumulated depreciation and amortization	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$15.65B	USD	Point-in-time
Total property and equipment, net	`PropertyPlantAndEquipmentNet`	$34.16B	USD	Point-in-time
Total property and equipment, net	`PropertyPlantAndEquipmentNet`	$34.33B	USD	Point-in-time
Goodwill	`Goodwill`	$4.09B	USD	Point-in-time
Goodwill	`Goodwill`	$4.09B	USD	Point-in-time
Intangibles, net of accumulated amortization of $632 and $622, respectively	`IntangibleAssetsNetExcludingGoodwill`	$2.19B	USD	Point-in-time
Intangibles, net of accumulated amortization of $632 and $622, respectively	`IntangibleAssetsNetExcludingGoodwill`	$2.20B	USD	Point-in-time
Deferred tax asset	`DeferredIncomeTaxAssetsNet`	$1.82B	USD	Point-in-time
Deferred tax asset	`DeferredIncomeTaxAssetsNet`	$1.58B	USD	Point-in-time
Other assets	`OtherAssetsMiscellaneousNoncurrent`	$1.37B	USD	Point-in-time
Other assets	`OtherAssetsMiscellaneousNoncurrent`	$1.41B	USD	Point-in-time
Total other assets	`OtherAssetsNoncurrent`	$9.27B	USD	Point-in-time
Total other assets	`OtherAssetsNoncurrent`	$9.48B	USD	Point-in-time
Total assets	`Assets`	$52.78B	USD	Point-in-time
Total assets	`Assets`	$53.28B	USD	Point-in-time
Current maturities of long-term debt and capital leases	`LongTermDebtAndCapitalLeaseObligationsCurrent`	$2.55B	USD	Point-in-time
Current maturities of long-term debt and capital leases	`LongTermDebtAndCapitalLeaseObligationsCurrent`	$2.79B	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$1.69B	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$1.95B	USD	Point-in-time
Accrued salaries and wages	`EmployeeRelatedLiabilitiesCurrent`	$1.67B	USD	Point-in-time
Accrued salaries and wages	`EmployeeRelatedLiabilitiesCurrent`	$1.18B	USD	Point-in-time
Air traffic liability	`AirTrafficLiabilityCurrent`	$5.55B	USD	Point-in-time
Air traffic liability	`AirTrafficLiabilityCurrent`	$4.04B	USD	Point-in-time
Loyalty program liability	`FrequentFlierLiabilityCurrent`	$3.18B	USD	Point-in-time
Loyalty program liability	`FrequentFlierLiabilityCurrent`	$3.12B	USD	Point-in-time
Other accrued liabilities	`OtherAccruedLiabilitiesCurrent`	$2.36B	USD	Point-in-time
Other accrued liabilities	`OtherAccruedLiabilitiesCurrent`	$2.28B	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$15.36B	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$17.01B	USD	Point-in-time
Long-term debt and capital leases, net of current maturities	`LongTermDebtAndCapitalLeaseObligations`	$22.51B	USD	Point-in-time
Long-term debt and capital leases, net of current maturities	`LongTermDebtAndCapitalLeaseObligations`	$21.95B	USD	Point-in-time
Pension and postretirement benefits	`PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent`	$7.26B	USD	Point-in-time
Pension and postretirement benefits	`PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent`	$7.50B	USD	Point-in-time
Loyalty program liability	`FrequentFlierLiabilityNoncurrent`	$5.61B	USD	Point-in-time
Loyalty program liability	`FrequentFlierLiabilityNoncurrent`	$5.70B	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$2.48B	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$2.50B	USD	Point-in-time
Total noncurrent liabilities	`LiabilitiesNoncurrent`	$37.29B	USD	Point-in-time
Total noncurrent liabilities	`LiabilitiesNoncurrent`	$38.21B	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Common stock	`CommonStockValue`	$5.00M	USD	Point-in-time
Common stock	`CommonStockValue`	$5.00M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$5.28B	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$5.71B	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-5.15B	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-5.17B	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-1.34B	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-1.13B	USD	Point-in-time
Total stockholders deficit	`StockholdersEquity`	$-1.02B	USD	Point-in-time
Total stockholders deficit	`StockholdersEquity`	$-780.00M	USD	Point-in-time
Total liabilities and stockholders equity (deficit)	`LiabilitiesAndStockholdersEquity`	$52.78B	USD	Point-in-time
Total liabilities and stockholders equity (deficit)	`LiabilitiesAndStockholdersEquity`	$53.28B	USD	Point-in-time

Income Statement 56 line items

Line Item	Tag	Value	Unit	Period
Passenger	`PassengerRevenue`	$9.00B	USD	1 Quarter
Passenger	`PassengerRevenue`	$9.48B	USD	1 Quarter
Cargo	`CargoAndFreightRevenue`	$191.00M	USD	1 Quarter
Cargo	`CargoAndFreightRevenue`	$227.00M	USD	1 Quarter
Other	`OtherSalesRevenueNet`	$632.00M	USD	1 Quarter
Other	`OtherSalesRevenueNet`	$694.00M	USD	1 Quarter
Total operating revenues	`SalesRevenueNet`	$9.82B	USD	1 Quarter
Total operating revenues	`SalesRevenueNet`	$10.40B	USD	1 Quarter
Aircraft fuel and related taxes	`FuelCosts`	$1.40B	USD	1 Quarter
Aircraft fuel and related taxes	`FuelCosts`	$1.76B	USD	1 Quarter
Salaries, wages and benefits	`LaborAndRelatedExpense`	$3.02B	USD	1 Quarter
Salaries, wages and benefits	`LaborAndRelatedExpense`	$2.86B	USD	1 Quarter
Regional expenses	`AirlineCapacityPurchaseArrangements`	$1.70B	USD	1 Quarter
Regional expenses	`AirlineCapacityPurchaseArrangements`	$1.57B	USD	1 Quarter
Maintenance, materials and repairs	`AircraftMaintenanceMaterialsAndRepairs`	$492.00M	USD	1 Quarter
Maintenance, materials and repairs	`AircraftMaintenanceMaterialsAndRepairs`	$469.00M	USD	1 Quarter
Other rent and landing fees	`LandingFeesAndOtherRentals`	$462.00M	USD	1 Quarter
Other rent and landing fees	`LandingFeesAndOtherRentals`	$440.00M	USD	1 Quarter
Aircraft rent	`AircraftRental`	$295.00M	USD	1 Quarter
Aircraft rent	`AircraftRental`	$304.00M	USD	1 Quarter
Selling expenses	`SellingAndMarketingExpense`	$356.00M	USD	1 Quarter
Selling expenses	`SellingAndMarketingExpense`	$318.00M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$405.00M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$445.00M	USD	1 Quarter
Special items, net	`RestructuringAndOther`	$195.00M	USD	1 Quarter
Special items, net	`RestructuringAndOther`	$119.00M	USD	1 Quarter
Other	`OtherCostAndExpenseOperating`	$1.26B	USD	1 Quarter
Other	`OtherCostAndExpenseOperating`	$1.18B	USD	1 Quarter
Total operating expenses	`CostsAndExpenses`	$9.08B	USD	1 Quarter
Total operating expenses	`CostsAndExpenses`	$9.97B	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$737.00M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$431.00M	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$25.00M	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$21.00M	USD	1 Quarter
Interest expense, net	`InterestExpense`	$257.00M	USD	1 Quarter
Interest expense, net	`InterestExpense`	$265.00M	USD	1 Quarter
Other income, net	`OtherNonoperatingIncomeExpense`	$34.00M	USD	1 Quarter
Other income, net	`OtherNonoperatingIncomeExpense`	$82.00M	USD	1 Quarter
Total nonoperating expense, net	`NonoperatingIncomeExpense`	$-202.00M	USD	1 Quarter
Total nonoperating expense, net	`NonoperatingIncomeExpense`	$-158.00M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$535.00M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$273.00M	USD	1 Quarter
Income tax provision	`IncomeTaxExpenseBenefit`	$195.00M	USD	1 Quarter
Income tax provision	`IncomeTaxExpenseBenefit`	$87.00M	USD	1 Quarter
Net income	`NetIncomeLoss`	$186.00M	USD	1 Quarter
Net income	`NetIncomeLoss`	$340.00M	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.67	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.39	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.39	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.67	USD	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	503.90M	shares	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	472.30M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	474.60M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	507.80M	shares	1 Quarter
Cash dividends declared per common share (in dollars per share)	`CommonStockDividendsPerShareDeclared`	$0.10	USD	1 Quarter
Cash dividends declared per common share (in dollars per share)	`CommonStockDividendsPerShareDeclared`	$0.10	USD	1 Quarter

Cash Flow Statement 51 line items

Line Item	Tag	Value	Unit	Period
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$2.25B	USD	1 Quarter
Cash	`Cash`	$295.00M	USD	Point-in-time
Cash	`Cash`	$374.00M	USD	Point-in-time
Cash	`Cash`	$297.00M	USD	Point-in-time
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$1.80B	USD	1 Quarter
Restricted cash included in restricted cash and short-term investments	`RestrictedCashCurrent`	$103.00M	USD	Point-in-time
Restricted cash included in restricted cash and short-term investments	`RestrictedCashCurrent`	$93.00M	USD	Point-in-time
Total cash and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$436.00M	USD	Point-in-time
Capital expenditures and aircraft purchase deposits	`PaymentsToAcquireProductiveAssets`	$779.00M	USD	1 Quarter
Total cash and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$400.00M	USD	Point-in-time
Total cash and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$398.00M	USD	Point-in-time
Total cash and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$467.00M	USD	Point-in-time
Capital expenditures and aircraft purchase deposits	`PaymentsToAcquireProductiveAssets`	$1.71B	USD	1 Quarter
Proceeds from sale of property and equipment and other investments	`ProceedsFromSaleOfPropertyPlantAndEquipmentAndOtherInvestments`	$32.00M	USD	1 Quarter
Proceeds from sale of property and equipment and other investments	`ProceedsFromSaleOfPropertyPlantAndEquipmentAndOtherInvestments`	$22.00M	USD	1 Quarter
Purchases of short-term investments	`PaymentsToAcquireShortTermInvestments`	$1.25B	USD	1 Quarter
Purchases of short-term investments	`PaymentsToAcquireShortTermInvestments`	$1.92B	USD	1 Quarter
Sales of short-term investments	`ProceedsFromSaleOfShortTermInvestments`	$1.66B	USD	1 Quarter
Sales of short-term investments	`ProceedsFromSaleOfShortTermInvestments`	$1.03B	USD	1 Quarter
Decrease in restricted short-term investments	`IncreaseDecreaseOfRestrictedInvestments`	$-24.00M	USD	1 Quarter
Decrease in restricted short-term investments	`IncreaseDecreaseOfRestrictedInvestments`	$-74.00M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-1.87B	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-956.00M	USD	1 Quarter
Proceeds from issuance of long-term debt	`ProceedsFromIssuanceOfLongTermDebt`	$236.00M	USD	1 Quarter
Proceeds from issuance of long-term debt	`ProceedsFromIssuanceOfLongTermDebt`	$899.00M	USD	1 Quarter
Payments on long-term debt and capital leases	`RepaymentsOfDebtAndCapitalLeaseObligations`	$569.00M	USD	1 Quarter
Payments on long-term debt and capital leases	`RepaymentsOfDebtAndCapitalLeaseObligations`	$686.00M	USD	1 Quarter
Deferred financing costs	`PaymentsOfDebtIssuanceCosts`	$1.00M	USD	1 Quarter
Deferred financing costs	`PaymentsOfDebtIssuanceCosts`	$31.00M	USD	1 Quarter
Treasury stock repurchases	`PaymentsForRepurchaseOfCommonStock`	$484.00M	USD	1 Quarter
Treasury stock repurchases	`PaymentsForRepurchaseOfCommonStock`	$461.00M	USD	1 Quarter
Dividend payments	`PaymentsOfOrdinaryDividends`	$51.00M	USD	1 Quarter
Dividend payments	`PaymentsOfOrdinaryDividends`	$48.00M	USD	1 Quarter
Other financing activities	`ProceedsFromPaymentsForOtherFinancingActivities`	$4.00M	USD	1 Quarter
Other financing activities	`ProceedsFromPaymentsForOtherFinancingActivities`	$2.00M	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-349.00M	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-841.00M	USD	1 Quarter
Net increase in cash and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$31.00M	USD	1 Quarter
Net increase in cash and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$2.00M	USD	1 Quarter
Cash and restricted cash at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$436.00M	USD	Point-in-time
Cash and restricted cash at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$400.00M	USD	Point-in-time
Cash and restricted cash at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$398.00M	USD	Point-in-time
Cash and restricted cash at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$467.00M	USD	Point-in-time
Cash and restricted cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$436.00M	USD	Point-in-time
Cash and restricted cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$400.00M	USD	Point-in-time
Cash and restricted cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$398.00M	USD	Point-in-time
Cash and restricted cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$467.00M	USD	Point-in-time
Interest paid, net	`InterestPaidNet`	$258.00M	USD	1 Quarter
Interest paid, net	`InterestPaidNet`	$255.00M	USD	1 Quarter
Income taxes paid	`IncomeTaxesPaid`	$3.00M	USD	1 Quarter
Income taxes paid	`IncomeTaxesPaid`	$4.00M	USD	1 Quarter

Comprehensive Income 10 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$186.00M	USD	1 Quarter
Net income	`NetIncomeLoss`	$340.00M	USD	1 Quarter
Pension, retiree medical and other postretirement benefits	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	$14.00M	USD	1 Quarter
Pension, retiree medical and other postretirement benefits	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	$16.00M	USD	1 Quarter
Investments	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax`	-	USD	1 Quarter
Investments	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax`	$-2.00M	USD	1 Quarter
Total other comprehensive loss, net of tax	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-14.00M	USD	1 Quarter
Total other comprehensive loss, net of tax	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-18.00M	USD	1 Quarter
Total comprehensive income	`ComprehensiveIncomeNetOfTax`	$168.00M	USD	1 Quarter
Total comprehensive income	`ComprehensiveIncomeNetOfTax`	$326.00M	USD	1 Quarter

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.