10-Q Filing

AMERICAN AIRLINES GROUP INC. CIK: 6201 Q1 2016

Filing Information

Form Type	10-Q
Accession Number	`0001193125-16-551225`
Period End Date	20160331
Filing Date	20160422
Fiscal Year	2016
Fiscal Period	Q1
XBRL Instance	aal-20160331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 88 Income Statement 58 Cash Flow Statement 45 Comprehensive Income 11

Balance Sheet 88 line items

Line Item	Tag	Value	Unit	Period
Accumulated amortization of intangibles	`FiniteLivedIntangibleAssetsAccumulatedAmortization`	$514.00M	USD	Point-in-time
Accumulated amortization of intangibles	`FiniteLivedIntangibleAssetsAccumulatedAmortization`	$502.00M	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	`CommonStockSharesAuthorized`	1.75B	shares	Point-in-time
Cash	`Cash`	$994.00M	USD	Point-in-time
Cash	`Cash`	$495.00M	USD	Point-in-time
Cash	`Cash`	$390.00M	USD	Point-in-time
Cash	`Cash`	$1.05B	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	1.75B	shares	Point-in-time
Short-term investments	`ShortTermInvestments`	$5.86B	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	585.66M	shares	Point-in-time
Short-term investments	`ShortTermInvestments`	$6.43B	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	624.62M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	624.62M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	585.66M	shares	Point-in-time
Restricted cash and short-term investments	`RestrictedCashAndInvestmentsCurrent`	$691.00M	USD	Point-in-time
Restricted cash and short-term investments	`RestrictedCashAndInvestmentsCurrent`	$695.00M	USD	Point-in-time
Accounts receivable, net	`ReceivablesNetCurrent`	$1.45B	USD	Point-in-time
Accounts receivable, net	`ReceivablesNetCurrent`	$1.43B	USD	Point-in-time
Aircraft fuel, spare parts and supplies, net	`AirlineRelatedInventoryNet`	$863.00M	USD	Point-in-time
Aircraft fuel, spare parts and supplies, net	`AirlineRelatedInventoryNet`	$886.00M	USD	Point-in-time
Prepaid expenses and other	`PrepaidExpenseAndOtherAssetsCurrent`	$748.00M	USD	Point-in-time
Prepaid expenses and other	`PrepaidExpenseAndOtherAssetsCurrent`	$845.00M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$9.98B	USD	Point-in-time
Total current assets	`AssetsCurrent`	$10.80B	USD	Point-in-time
Flight equipment	`FlightEquipmentGross`	$34.41B	USD	Point-in-time
Flight equipment	`FlightEquipmentGross`	$33.19B	USD	Point-in-time
Ground property and equipment	`GroundPropertyAndEquipmentGross`	$6.40B	USD	Point-in-time
Ground property and equipment	`GroundPropertyAndEquipmentGross`	$6.56B	USD	Point-in-time
Equipment purchase deposits	`DepositsOnFlightEquipment`	$1.07B	USD	Point-in-time
Equipment purchase deposits	`DepositsOnFlightEquipment`	$1.06B	USD	Point-in-time
Total property and equipment, at cost	`PropertyPlantAndEquipmentGross`	$40.65B	USD	Point-in-time
Total property and equipment, at cost	`PropertyPlantAndEquipmentGross`	$42.03B	USD	Point-in-time
Less accumulated depreciation and amortization	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$13.14B	USD	Point-in-time
Less accumulated depreciation and amortization	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$13.39B	USD	Point-in-time
Total property and equipment, net	`PropertyPlantAndEquipmentNet`	$27.51B	USD	Point-in-time
Total property and equipment, net	`PropertyPlantAndEquipmentNet`	$28.63B	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 $514 and $502, respectively	`IntangibleAssetsNetExcludingGoodwill`	$2.24B	USD	Point-in-time
Intangibles, net of accumulated amortization of $514 and $502, respectively	`IntangibleAssetsNetExcludingGoodwill`	$2.25B	USD	Point-in-time
Deferred tax asset	`DeferredTaxAssetsLiabilitiesNet`	$2.07B	USD	Point-in-time
Deferred tax asset	`DeferredTaxAssetsLiabilitiesNet`	$2.48B	USD	Point-in-time
Other assets	`OtherAssetsMiscellaneousNoncurrent`	$2.08B	USD	Point-in-time
Other assets	`OtherAssetsMiscellaneousNoncurrent`	$2.10B	USD	Point-in-time
Total other assets	`OtherAssetsNoncurrent`	$10.47B	USD	Point-in-time
Total other assets	`OtherAssetsNoncurrent`	$10.92B	USD	Point-in-time
Total assets	`Assets`	$49.91B	USD	Point-in-time
Total assets	`Assets`	$48.41B	USD	Point-in-time
Current maturities of long-term debt and capital leases	`LongTermDebtAndCapitalLeaseObligationsCurrent`	$2.23B	USD	Point-in-time
Current maturities of long-term debt and capital leases	`LongTermDebtAndCapitalLeaseObligationsCurrent`	$2.61B	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$1.91B	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$1.56B	USD	Point-in-time
Accrued salaries and wages	`EmployeeRelatedLiabilitiesCurrent`	$1.21B	USD	Point-in-time
Accrued salaries and wages	`EmployeeRelatedLiabilitiesCurrent`	$1.18B	USD	Point-in-time
Air traffic liability	`AirTrafficLiabilityCurrent`	$3.75B	USD	Point-in-time
Air traffic liability	`AirTrafficLiabilityCurrent`	$4.69B	USD	Point-in-time
Loyalty program liability	`FrequentFlierLiabilityCurrent`	$2.54B	USD	Point-in-time
Loyalty program liability	`FrequentFlierLiabilityCurrent`	$2.52B	USD	Point-in-time
Other accrued liabilities	`OtherAccruedLiabilitiesCurrent`	$2.33B	USD	Point-in-time
Other accrued liabilities	`OtherAccruedLiabilitiesCurrent`	$2.34B	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$13.61B	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$15.28B	USD	Point-in-time
Long-term debt and capital leases, net of current maturities	`LongTermDebtAndCapitalLeaseObligations`	$18.33B	USD	Point-in-time
Long-term debt and capital leases, net of current maturities	`LongTermDebtAndCapitalLeaseObligations`	$19.13B	USD	Point-in-time
Pension and postretirement benefits	`PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent`	$7.44B	USD	Point-in-time
Pension and postretirement benefits	`PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent`	$7.45B	USD	Point-in-time
Deferred gains and credits, net	`DeferredCreditsAndOtherLiabilitiesNoncurrent`	$625.00M	USD	Point-in-time
Deferred gains and credits, net	`DeferredCreditsAndOtherLiabilitiesNoncurrent`	$667.00M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$2.72B	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$2.73B	USD	Point-in-time
Total noncurrent liabilities	`LiabilitiesNoncurrent`	$29.92B	USD	Point-in-time
Total noncurrent liabilities	`LiabilitiesNoncurrent`	$29.18B	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Common stock	`CommonStockValue`	$6.00M	USD	Point-in-time
Common stock	`CommonStockValue`	$6.00M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$10.04B	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$11.59B	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-4.73B	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-4.75B	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-1.23B	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-591.00M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$4.71B	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$5.63B	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$49.91B	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$48.41B	USD	Point-in-time

Income Statement 58 line items

Line Item	Tag	Value	Unit	Period
Mainline passenger	`PassengerRevenueMainline`	$6.56B	USD	1 Quarter
Mainline passenger	`PassengerRevenueMainline`	$6.99B	USD	1 Quarter
Regional passenger	`PassengerRevenueRegional`	$1.45B	USD	1 Quarter
Regional passenger	`PassengerRevenueRegional`	$1.52B	USD	1 Quarter
Cargo	`CargoAndFreightRevenue`	$162.00M	USD	1 Quarter
Cargo	`CargoAndFreightRevenue`	$194.00M	USD	1 Quarter
Other	`OtherSalesRevenueNet`	$1.19B	USD	1 Quarter
Other	`OtherSalesRevenueNet`	$1.19B	USD	1 Quarter
Total operating revenues	`SalesRevenueNet`	$9.83B	USD	1 Quarter
Total operating revenues	`SalesRevenueNet`	$9.44B	USD	1 Quarter
Aircraft fuel and related taxes	`FuelCosts`	$1.03B	USD	1 Quarter
Aircraft fuel and related taxes	`FuelCosts`	$1.54B	USD	1 Quarter
Salaries, wages and benefits	`LaborAndRelatedExpense`	$2.65B	USD	1 Quarter
Salaries, wages and benefits	`LaborAndRelatedExpense`	$2.37B	USD	1 Quarter
Regional expenses	`AirlineCapacityPurchaseArrangements`	$1.43B	USD	1 Quarter
Regional expenses	`AirlineCapacityPurchaseArrangements`	$1.46B	USD	1 Quarter
Maintenance, materials and repairs	`AircraftMaintenanceMaterialsAndRepairs`	$494.00M	USD	1 Quarter
Maintenance, materials and repairs	`AircraftMaintenanceMaterialsAndRepairs`	$419.00M	USD	1 Quarter
Other rent and landing fees	`LandingFeesAndOtherRentals`	$422.00M	USD	1 Quarter
Other rent and landing fees	`LandingFeesAndOtherRentals`	$408.00M	USD	1 Quarter
Aircraft rent	`AircraftRental`	$317.00M	USD	1 Quarter
Aircraft rent	`AircraftRental`	$306.00M	USD	1 Quarter
Selling expenses	`SellingAndMarketingExpense`	$336.00M	USD	1 Quarter
Selling expenses	`SellingAndMarketingExpense`	$308.00M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$336.00M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$355.00M	USD	1 Quarter
Special items, net	`RestructuringAndOther`	$303.00M	USD	1 Quarter
Special items, net	`RestructuringAndOther`	$99.00M	USD	1 Quarter
Other	`OtherCostAndExpenseOperating`	$1.04B	USD	1 Quarter
Other	`OtherCostAndExpenseOperating`	$1.08B	USD	1 Quarter
Total operating expenses	`CostsAndExpenses`	$8.61B	USD	1 Quarter
Total operating expenses	`CostsAndExpenses`	$8.10B	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$1.33B	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$1.22B	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$10.00M	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$13.00M	USD	1 Quarter
Interest expense, net of capitalized interest	`InterestExpense`	$239.00M	USD	1 Quarter
Interest expense, net of capitalized interest	`InterestExpense`	$210.00M	USD	1 Quarter
Other, net	`OtherNonoperatingIncomeExpense`	$8.00M	USD	1 Quarter
Other, net	`OtherNonoperatingIncomeExpense`	$-73.00M	USD	1 Quarter
Total nonoperating expense, net	`NonoperatingIncomeExpense`	$-273.00M	USD	1 Quarter
Total nonoperating expense, net	`NonoperatingIncomeExpense`	$-218.00M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$943.00M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$1.12B	USD	1 Quarter
Income tax provision	`IncomeTaxExpenseBenefit`	$11.00M	USD	1 Quarter
Income tax provision	`IncomeTaxExpenseBenefit`	$417.00M	USD	1 Quarter
Net income	`NetIncomeLoss`	$700.00M	USD	1 Quarter
Net income	`NetIncomeLoss`	$932.00M	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$1.34	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$1.15	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$1.30	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$1.14	USD	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	606.25M	shares	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	696.41M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	716.93M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	611.49M	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 45 line items

Line Item	Tag	Value	Unit	Period
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$2.62B	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$2.49B	USD	1 Quarter
Capital expenditures and aircraft purchase deposits	`PaymentsToAcquireProductiveAssets`	$1.41B	USD	1 Quarter
Capital expenditures and aircraft purchase deposits	`PaymentsToAcquireProductiveAssets`	$1.56B	USD	1 Quarter
Purchases of short-term investments	`PaymentsToAcquireShortTermInvestments`	$3.47B	USD	1 Quarter
Purchases of short-term investments	`PaymentsToAcquireShortTermInvestments`	$1.72B	USD	1 Quarter
Sales of short-term investments	`ProceedsFromSaleOfShortTermInvestments`	$1.15B	USD	1 Quarter
Sales of short-term investments	`ProceedsFromSaleOfShortTermInvestments`	$1.66B	USD	1 Quarter
Decrease in restricted cash and short-term investments	`IncreaseDecreaseInRestrictedCashAndInvestments`	$-17.00M	USD	1 Quarter
Decrease in restricted cash and short-term investments	`IncreaseDecreaseInRestrictedCashAndInvestments`	$-4.00M	USD	1 Quarter
Proceeds from sale of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$4.00M	USD	1 Quarter
Proceeds from sale of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$4.00M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-3.20B	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-2.11B	USD	1 Quarter
Payments on long-term debt and capital leases	`RepaymentsOfDebtAndCapitalLeaseObligations`	$310.00M	USD	1 Quarter
Payments on long-term debt and capital leases	`RepaymentsOfDebtAndCapitalLeaseObligations`	$746.00M	USD	1 Quarter
Proceeds from issuance of long-term debt	`ProceedsFromIssuanceOfLongTermDebt`	$1.50B	USD	1 Quarter
Proceeds from issuance of long-term debt	`ProceedsFromIssuanceOfLongTermDebt`	$1.77B	USD	1 Quarter
Deferred financing costs	`PaymentsOfDebtIssuanceCosts`	$20.00M	USD	1 Quarter
Deferred financing costs	`PaymentsOfDebtIssuanceCosts`	$25.00M	USD	1 Quarter
Treasury stock repurchases	`PaymentsForRepurchaseOfCommonStock`	$1.52B	USD	1 Quarter
Treasury stock repurchases	`PaymentsForRepurchaseOfCommonStock`	$181.00M	USD	1 Quarter
Dividend payments	`PaymentsOfOrdinaryDividends`	$61.00M	USD	1 Quarter
Dividend payments	`PaymentsOfOrdinaryDividends`	$70.00M	USD	1 Quarter
Other financing activities	`ProceedsFromPaymentsForOtherFinancingActivities`	$18.00M	USD	1 Quarter
Other financing activities	`ProceedsFromPaymentsForOtherFinancingActivities`	$15.00M	USD	1 Quarter
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-401.00M	USD	1 Quarter
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$762.00M	USD	1 Quarter
Net increase in cash	`CashPeriodIncreaseDecrease`	$105.00M	USD	1 Quarter
Net increase in cash	`CashPeriodIncreaseDecrease`	$54.00M	USD	1 Quarter
Cash at beginning of period	`Cash`	$994.00M	USD	Point-in-time
Cash at beginning of period	`Cash`	$495.00M	USD	Point-in-time
Cash at beginning of period	`Cash`	$390.00M	USD	Point-in-time
Cash at beginning of period	`Cash`	$1.05B	USD	Point-in-time
Cash at end of period	`Cash`	$994.00M	USD	Point-in-time
Cash at end of period	`Cash`	$495.00M	USD	Point-in-time
Cash at end of period	`Cash`	$390.00M	USD	Point-in-time
Cash at end of period	`Cash`	$1.05B	USD	Point-in-time
Settlement of bankruptcy obligations	`OtherSignificantNoncashTransactionBankruptcySettlementObligation`	$3.00M	USD	1 Quarter
Settlement of bankruptcy obligations	`OtherSignificantNoncashTransactionBankruptcySettlementObligation`	$35.00M	USD	1 Quarter
Capital lease obligations	`CapitalLeaseObligationsIncurred`	$5.00M	USD	1 Quarter
Interest paid, net of amounts capitalized	`InterestPaidNet`	$228.00M	USD	1 Quarter
Interest paid, net of amounts capitalized	`InterestPaidNet`	$219.00M	USD	1 Quarter
Income taxes paid	`IncomeTaxesPaid`	$4.00M	USD	1 Quarter
Income taxes paid	`IncomeTaxesPaid`	$3.00M	USD	1 Quarter

Comprehensive Income 11 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$700.00M	USD	1 Quarter
Net income	`NetIncomeLoss`	$932.00M	USD	1 Quarter
Pension, retiree medical, and other postretirement benefits	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	$19.00M	USD	1 Quarter
Pension, retiree medical, and other postretirement benefits	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	$27.00M	USD	1 Quarter
Reclassification into earnings	`OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesNetOfTax`	$6.00M	USD	1 Quarter
Net change in value	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax`	$2.00M	USD	1 Quarter
Net change in value	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax`	$2.00M	USD	1 Quarter
Total other comprehensive loss, net of tax	`OtherComprehensiveIncomeLossNetOfTax`	$-31.00M	USD	1 Quarter
Total other comprehensive loss, net of tax	`OtherComprehensiveIncomeLossNetOfTax`	$-17.00M	USD	1 Quarter
Total comprehensive income	`ComprehensiveIncomeNetOfTax`	$683.00M	USD	1 Quarter
Total comprehensive income	`ComprehensiveIncomeNetOfTax`	$901.00M	USD	1 Quarter

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