United Airlines Holdings, Inc. (UAL) quarterly cash flow statement — complete operating, investing & financing history
| Cash from Operations | 4.8B | 1.29B | 1.22B | 2.22B | 3.71B | 2.22B | 1.5B | 2.88B | 2.85B | -910M | 880M | 3.8B |
| Operating CF Margin % | 32.85% | 8.35% | 8% | 14.55% | 28.08% | 15.13% | 10.09% | 19.19% | 22.71% | -6.68% | 6.08% | 26.8% |
| Operating CF Growth % | 29.35% | -42.18% | -18.69% | -22.91% | 30.31% | 344.4% | 70.23% | -24.3% | -9.39% | -178.58% | 18.76% | 41.17% |
| Net Income | 699M | 0 | 0 | 0 | 0 | 0 | 0 | 1.32B | -124M | 600M | 1.14B | 1.07B |
| Depreciation & Amortization | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 719M | 708M | 684M | 663M | 669M |
| Stock-Based Compensation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Taxes | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Cash Items | 4.1B | 1.29B | 1.22B | 2.22B | 3.71B | 1.66B | 1.5B | 834M | 2.26B | -2.67B | -920M | 2.06B |
| Working Capital Changes | 0 | 0 | 0 | 0 | 0 | 568M | 0 | 0 | 0 | 475M | 0 | 0 |
| Change in Receivables | 0 | 0 | 0 | 0 | 0 | 280M | 0 | 0 | 0 | -100M | 0 | 0 |
| Change in Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Change in Payables | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash from Investing | -1.89B | -1.56B | -1.74B | -1.58B | -1.46B | -1.72B | -2.51B | 134M | 1.44B | -743M | -1.94B | -1.46B |
| Capital Expenditures | -1.67B | -1.89B | -1.46B | -1.29B | -1.23B | -1.68B | -1.41B | -1.16B | -1.37B | -2.07B | -1.84B | -1.42B |
| CapEx % of Revenue | 11.45% | 12.28% | 9.62% | 8.45% | 9.33% | 11.4% | 9.5% | 7.77% | 10.89% | 15.16% | 12.72% | 10.02% |
| Acquisitions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 19M | 0 | 8M |
| Investments | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Investing | -135M | 4M | 21M | -16M | -6M | 257M | -184M | 23M | 16M | -6M | -7M | -5M |
| Cash from Financing | -976M | -482M | -2.14B | -843M | -1.46B | -591M | -1.07B | -580M | -1.94B | -123M | -715M | -491M |
| Debt Issued (Net) | -859M | -482M | -2.1B | -597M | -1.01B | -509M | -991M | -579M | -1.92B | -122M | -715M | -491M |
| Equity Issued (Net) | -27M | -27M | -21M | -240M | -349M | -80M | -82M | 0 | 0 | 0 | 0 | 0 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share Repurchases | -27M | -27M | -21M | -240M | -349M | -80M | -82M | 0 | 0 | 0 | 0 | 0 |
| Other Financing | -90M | 27M | -15M | -6M | -94M | -2M | 0 | -1M | -18M | -1M | 0 | 0 |
| Net Change in Cash | 1.93B | -761M | -2.66B | -206M | 791M | -82M | -2.09B | 2.43B | 2.35B | -1.78B | -1.77B | 1.85B |
| Free Cash Flow | 3.13B | -604M | -246M | 930M | 2.48B | 549M | 88M | 1.71B | 1.48B | -2.98B | -962M | 2.38B |
| FCF Margin % | 21.41% | -3.92% | -1.62% | 6.1% | 18.75% | 3.74% | 0.59% | 11.42% | 11.81% | -21.84% | -6.64% | 16.78% |
| FCF Growth % | 26.24% | -210.02% | -379.55% | -45.68% | 67.25% | 118.45% | 109.15% | -28.04% | 14.01% | -115.5% | -63.88% | 11.12% |
| FCF per Share | 9.57 | -1.85 | -0.75 | 2.84 | 7.44 | 1.64 | 0.26 | 5.13 | 4.51 | -8.98 | -2.89 | 7.18 |
| FCF Conversion (FCF/Net Income) | 6.87x | 1.23x | 1.28x | 2.28x | 9.59x | 2.26x | 1.55x | 2.17x | -22.96x | -1.52x | 0.77x | 3.53x |
| Interest Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Taxes Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |