Alaska Air Group, Inc. (ALK) quarterly balance sheet — complete assets, liabilities & equity history
Alaska Air Group, Inc. (ALK) balance sheet — 30-year assets, liabilities & shareholders' equity history
| Metric | Q3'26 | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 |
|---|
| Total Current Assets | 3.44B | 3.94B | 3.02B | 3.27B | 3.47B | 3.51B | 3.72B | 3.76B | 3.74B | 3.38B | 3.13B | 2.71B | 3.64B | 3.24B | 3.1B | 3.04B | 3.81B | 4.23B | 3.97B | 3.92B |
| Cash & Short-Term Investments | 2.23B | 2.69B | 1.77B | 2.12B | 2.3B | 2.15B | 2.46B | 2.48B | 2.5B | 2.51B | 2.28B | 1.79B | 2.45B | 2.44B | 2.43B | 2.42B | 3.15B | 3.42B | 2.91B | 3.12B |
| Cash Only | 835M | 1.1B | 451M | 627M | 806M | 778M | 1.04B | 1.2B | 1.01B | 1.11B | 885M | 281M | 647M | 536M | 516M | 338M | 688M | 778M | 652M | 470M |
| Short-Term Investments | 1.4B | 1.6B | 1.32B | 1.5B | 1.49B | 1.37B | 1.42B | 1.27B | 1.49B | 1.39B | 1.39B | 1.51B | 1.8B | 1.91B | 1.91B | 2.08B | 2.46B | 2.65B | 2.26B | 2.65B |
| Accounts Receivable | 656M | 681M | 630M | 565M | 586M | 737M | 569M | 558M | 510M | 370M | 384M | 383M | 341M | 351M | 340M | 296M | 345M | 401M | 658M | 546M |
| Days Sales Outstanding | 14.28 | 14.67 | 16.3 | 14.58 | 16.16 | 16.04 | 16.17 | 13.9 | 13.18 | 11.84 | 15.64 | 13.04 | 11.21 | 11.08 | 13.03 | 11.89 | 12.13 | 18.13 | 32.23 | 26.21 |
| Inventory | 249M | 253M | 232M | 203M | 229M | 218M | 206M | 199M | 202M | 106M | 104M | 116M | 122M | 107M | 105M | 104M | 94M | 93M | 78M | 62M |
| Days Inventory Outstanding | 6.6 | 50.85 | - | 95.54 | 136.17 | 6.99 | 6.94 | 6.68 | 6.46 | 4.8 | 5.2 | 5.29 | 5.04 | 5.08 | 4.91 | 4.76 | 4.42 | 4.15 | 4.05 | 3.83 |
| Other Current Assets | 71M | 46M | 106M | 97M | 66M | 136M | 201M | 221M | 250M | 212M | 186M | 239M | 543M | 157M | 44M | 60M | 31M | 24M | 324M | 76M |
| Total Non-Current Assets | 17.59B | 17.31B | 17.28B | 17.09B | 16.55B | 16.38B | 16.1B | 16.01B | 15.82B | 11.97B | 11.68B | 13.13B | 11.52B | 11.59B | 11.2B | 12.31B | 10.72B | 10.57B | 10.24B | 11.04B |
| Property, Plant & Equipment | 13.61B | 13.35B | 12.02B | 11.86B | 12.56B | 12.49B | 12.18B | 11.2B | 11.87B | 9.66B | 9.37B | 9.58B | 9.2B | 9.28B | 8.79B | 8.73B | 8.26B | 8.14B | 7.78B | 7.59B |
| Fixed Asset Turnover | 0.32x | 0.32x | 0.28x | 0.30x | 0.30x | 0.30x | 0.27x | 0.31x | 0.29x | 0.30x | 0.24x | 0.27x | 0.31x | 0.31x | 0.25x | 0.29x | 0.34x | 0.33x | 0.22x | 0.25x |
| Goodwill | 2.72B | 2.72B | 2.72B | 2.72B | 2.72B | 2.72B | 2.72B | 2.72B | 2.7B | 2.03B | 0 | 2.03B | 2.03B | 2.04B | 2.04B | 2.04B | 2.04B | 2.04B | 0 | 2.04B |
| Intangible Assets | 773M | 787M | 801M | 815M | 829M | 844M | 859M | 873M | 888M | 0 | 2.03B | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2.04B | 0 |
| Long-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 30M | 27M | 0 | 0 | 49M | 0 | 0 | 0 | 34M |
| Other Non-Current Assets | 487M | 446M | 1.74B | 1.7B | 436M | 316M | 334M | 1.22B | 363M | 270M | 283M | 262M | 263M | 268M | 374M | 331M | 422M | 387M | 411M | 362M |
| Total Assets | 21.03B | 21.25B | 20.3B | 20.36B | 20.01B | 19.89B | 19.82B | 19.77B | 19.56B | 15.34B | 14.81B | 15.83B | 15.16B | 14.83B | 14.3B | 15.35B | 14.53B | 14.8B | 14.21B | 14.96B |
| Asset Turnover | 0.20x | 0.20x | 0.16x | 0.18x | 0.19x | 0.19x | 0.16x | 0.18x | 0.18x | 0.19x | 0.15x | 0.16x | 0.19x | 0.19x | 0.15x | 0.17x | 0.19x | 0.18x | 0.12x | 0.13x |
| Asset Growth % | 5.08% | 6.84% | 2.42% | 3% | 2.32% | 29.61% | 33.79% | 24.85% | 28.97% | 3.46% | 3.62% | 3.18% | 4.36% | 0.2% | 0.61% | 2.55% | 4.68% | 0.98% | -0.36% | -1.73% |
| Total Current Liabilities | 7.54B | 7.19B | 7.06B | 6.59B | 6.66B | 6.71B | 6.7B | 6.14B | 6.25B | 4.97B | 4.83B | 4.46B | 5.07B | 5.18B | 4.86B | 4.49B | 4.71B | 4.9B | 4.57B | 3.99B |
| Accounts Payable | 443M | 403M | 409M | 324M | 322M | 240M | 237M | 186M | 242M | 203M | 181M | 207M | 229M | 212M | 206M | 221M | 202M | 286M | 299M | 200M |
| Days Payables Outstanding | 11.12 | 85.13 | - | 142.87 | 171.21 | 7.87 | 7.25 | 7.13 | 9.33 | 8.78 | 9.17 | 9.68 | 9.72 | 10.02 | 10.03 | 10.18 | 11.54 | 14.19 | 14.44 | 11.78 |
| Short-Term Debt | 890M | 669M | 498M | 721M | 519M | 500M | 519M | 442M | 515M | 359M | 301M | 511M | 886M | 849M | 481M | 504M | 584M | 616M | 564M | 634M |
| Deferred Revenue (Current) | 1.85B | 1.78B | 4.16B | 1.72B | 1.84B | 1.82B | 3.93B | 3.3B | 1.61B | 2.89B | 2.92B | 2.36B | 2.59B | 2.78B | 2.83B | 2.3B | 2.54B | 2.79B | 2.68B | 2.08B |
| Other Current Liabilities | 3.5B | 3.62B | 0 | 2.74B | 2.94B | 3.22B | 0 | 0 | 2.84B | 852M | 791M | 800M | 806M | 871M | 908M | 846M | 805M | 794M | 659M | 625M |
| Current Ratio | 0.46x | 0.55x | 0.43x | 0.50x | 0.52x | 0.52x | 0.56x | 0.61x | 0.60x | 0.68x | 0.65x | 0.61x | 0.72x | 0.63x | 0.64x | 0.68x | 0.81x | 0.86x | 0.87x | 0.98x |
| Quick Ratio | 0.42x | 0.51x | 0.39x | 0.46x | 0.49x | 0.49x | 0.52x | 0.58x | 0.57x | 0.66x | 0.63x | 0.58x | 0.69x | 0.61x | 0.62x | 0.65x | 0.79x | 0.84x | 0.85x | 0.97x |
| Cash Conversion Cycle | 9.76 | -19.61 | - | -32.75 | -18.87 | 15.17 | 15.86 | 13.45 | 10.3 | 7.87 | 11.66 | 8.65 | 6.54 | 6.14 | 7.91 | 6.48 | 5.02 | 8.09 | 21.84 | 18.26 |
| Total Non-Current Liabilities | 9.95B | 10.38B | 9.51B | 9.65B | 9.32B | 9.23B | 8.98B | 9.25B | 8.83B | 6.15B | 6.01B | 7.26B | 6B | 5.7B | 5.75B | 7.04B | 6B | 6.1B | 6B | 7.17B |
| Long-Term Debt | 5.27B | 5.78B | 4.82B | 4.83B | 4.49B | 4.45B | 4.29B | 4.49B | 4.16B | 2.31B | 2.26B | 2.18B | 2.13B | 1.89B | 1.79B | 1.88B | 1.89B | 1.96B | 2.08B | 2.17B |
| Capital Lease Obligations | 1.14B | 1.16B | 1.14B | 1.14B | 1.24B | 1.2B | 1.25B | 1.25B | 1.25B | 1.05B | 1.1B | 1.13B | 1.11B | 1.15B | 1.46B | 1.39B | 1.48B | 1.5B | 1.36B | 1.28B |
| Deferred Tax Liabilities | 909M | 739M | 879M | 1B | 976M | 938M | 871M | 934M | 889M | 746M | 649M | 1.92B | 662M | 606M | 523M | 1.73B | 571M | 552M | 509M | 1.59B |
| Other Non-Current Liabilities | 948M | 946M | 974M | 964M | 1.02B | 1B | 988M | 917M | 957M | 710M | 676M | 657M | 729M | 689M | 652M | 653M | 641M | 652M | 665M | 683M |
| Total Liabilities | 17.5B | 17.58B | 16.57B | 16.24B | 15.98B | 15.94B | 15.68B | 15.4B | 15.08B | 11.12B | 10.84B | 11.72B | 11.07B | 10.88B | 10.61B | 11.53B | 10.71B | 11B | 10.57B | 11.16B |
| Total Debt | 7.3B | 7.62B | 6.67B | 6.89B | 6.47B | 6.37B | 6.28B | 6.39B | 6.14B | 3.88B | 3.82B | 3.82B | 4.13B | 3.89B | 3.73B | 3.78B | 3.96B | 4.08B | 4B | 4.09B |
| Net Debt | 6.46B | 6.52B | 6.22B | 6.27B | 5.67B | 5.59B | 5.23B | 5.19B | 5.13B | 2.76B | 2.94B | 3.54B | 3.48B | 3.35B | 3.21B | 3.44B | 3.27B | 3.3B | 3.35B | 3.62B |
| Debt / Equity | 2.07x | 2.08x | 1.79x | 1.67x | 1.61x | 1.62x | 1.52x | 1.46x | 1.37x | 0.92x | 0.96x | 0.93x | 1.01x | 0.98x | 1.01x | 0.99x | 1.03x | 1.07x | 1.10x | 1.07x |
| Debt / EBITDA | 24.49x | 195.28x | - | 25.16x | 18.44x | 13.39x | - | 24.31x | 12.80x | 8.61x | - | 29.83x | 12.74x | 8.64x | - | 29.53x | 23.83x | 14.03x | - | 29.40x |
| Net Debt / EBITDA | 21.68x | 167.15x | - | 22.87x | 16.14x | 11.75x | - | 19.74x | 10.68x | 6.13x | - | 27.63x | 10.74x | 7.44x | - | 26.89x | 19.68x | 11.35x | - | 26.01x |
| Interest Coverage | 1.22x | -0.63x | -3.92x | 1.46x | 2.79x | 5.86x | -2.04x | 3.48x | 11.11x | 15.47x | -5.00x | 2.06x | 12.30x | 24.76x | -5.10x | 7.50x | 17.14x | 16.83x | -8.80x | 2.56x |
| Total Equity | 3.53B | 3.67B | 3.73B | 4.12B | 4.03B | 3.94B | 4.14B | 4.37B | 4.48B | 4.23B | 3.98B | 4.11B | 4.09B | 3.95B | 3.69B | 3.82B | 3.83B | 3.8B | 3.64B | 3.8B |
| Equity Growth % | -12.39% | -6.9% | -9.81% | -5.81% | -10.05% | -6.72% | 4.02% | 6.3% | 9.43% | 6.96% | 7.81% | 7.78% | 6.98% | 4% | 1.43% | 0.39% | 8.35% | 14.29% | 26.5% | 27.21% |
| Book Value per Share | 31.63 | 32.56 | 32.64 | 35.09 | 33.24 | 32.00 | 33.60 | 33.91 | 34.83 | 32.94 | 31.57 | 32.29 | 31.68 | 30.65 | 28.93 | 29.70 | 29.80 | 29.73 | 28.87 | 29.86 |
| Total Shareholders' Equity | 3.53B | 3.67B | 3.73B | 4.12B | 4.03B | 3.94B | 4.14B | 4.37B | 4.48B | 4.23B | 3.98B | 4.11B | 4.09B | 3.95B | 3.69B | 3.82B | 3.83B | 3.8B | 3.64B | 3.8B |
| Common Stock | 1M | 1M | 1M | 1M | 1M | 1M | 1M | 1M | 1M | 1M | 1M | 1M | 1M | 1M | 1M | 1M | 1M | 1M | 1M | 1M |
| Retained Earnings | 4.61B | 4.76B | 4.84B | 5.03B | 5.01B | 4.94B | 4.76B | 4.93B | 4.86B | 4.62B | 4.4B | 4.54B | 4.54B | 4.4B | 4.16B | 4.3B | 4.28B | 4.24B | 4.1B | 4.24B |
| Treasury Stock | -1.95B | -1.95B | -1.9B | -1.7B | -1.67B | -1.67B | -1.24B | -1.13B | -882M | -868M | -840M | -819M | -744M | -731M | -692M | -674M | -674M | -674M | -674M | -674M |
| Accumulated OCI | -187M | -175M | -176M | -173M | -223M | -228M | -234M | -239M | -268M | -287M | -294M | -299M | -360M | -365M | -365M | -388M | -328M | -308M | -292M | -262M |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |