Company Quick10K Filing
Alaska Air Group
10-K 2019-12-31 Filed 2020-02-12
10-Q 2019-09-30 Filed 2019-11-07
10-Q 2019-06-30 Filed 2019-08-06
10-Q 2019-03-31 Filed 2019-05-09
10-K 2018-12-31 Filed 2019-02-15
10-Q 2018-09-30 Filed 2018-11-02
10-Q 2018-06-30 Filed 2018-08-08
10-Q 2018-03-31 Filed 2018-05-04
10-K 2017-12-31 Filed 2018-02-15
10-Q 2017-09-30 Filed 2017-11-02
10-Q 2017-06-30 Filed 2017-08-03
10-Q 2017-03-31 Filed 2017-05-05
10-K 2016-12-31 Filed 2017-02-28
10-Q 2016-09-30 Filed 2016-11-02
10-Q 2016-06-30 Filed 2016-08-02
10-Q 2016-03-31 Filed 2016-05-09
10-K 2015-12-31 Filed 2016-02-11
10-Q 2015-09-30 Filed 2015-11-04
10-Q 2015-06-30 Filed 2015-08-05
10-Q 2015-03-31 Filed 2015-05-07
10-K 2014-12-31 Filed 2015-02-11
10-Q 2014-09-30 Filed 2014-11-05
10-Q 2014-06-30 Filed 2014-08-06
10-Q 2014-03-31 Filed 2014-05-09
10-K 2013-12-31 Filed 2014-02-13
10-Q 2013-09-30 Filed 2013-11-06
10-Q 2013-06-30 Filed 2013-08-07
10-Q 2013-03-31 Filed 2013-05-08
10-K 2012-12-31 Filed 2013-02-14
10-Q 2012-09-30 Filed 2012-11-07
10-Q 2012-06-30 Filed 2012-08-08
10-Q 2012-03-31 Filed 2012-05-03
10-K 2011-12-31 Filed 2012-02-21
10-Q 2011-09-30 Filed 2011-11-03
10-Q 2011-06-30 Filed 2011-08-04
10-Q 2011-03-31 Filed 2011-05-04
10-K 2010-12-31 Filed 2011-02-23
10-Q 2010-09-30 Filed 2010-11-05
10-Q 2010-08-05 Filed 2010-08-05
10-Q 2010-03-31 Filed 2010-05-05
10-K 2010-02-18 Filed 2010-02-19
8-K 2020-05-07 Shareholder Vote
8-K 2020-05-05 Earnings, Regulation FD, Other Events, Exhibits
8-K 2020-04-22 Enter Agreement, Off-BS Arrangement, Regulation FD, Exhibits
8-K 2020-04-14 Regulation FD, Exhibits
8-K 2020-04-06 Regulation FD, Exhibits
8-K 2020-03-25 Enter Agreement, Off-BS Arrangement, Regulation FD, Exhibits
8-K 2020-03-16 Regulation FD, Exhibits
8-K 2020-03-13 Other Events
8-K 2020-03-06 Regulation FD, Exhibits
8-K 2020-02-13 Other Events, Exhibits
8-K 2020-01-28 Earnings, Regulation FD, Exhibits
8-K 2020-01-13 Regulation FD, Exhibits
8-K 2020-01-06 Officers, Exhibits
8-K 2019-12-16 Regulation FD, Exhibits
8-K 2019-10-24 Earnings, Regulation FD, Exhibits
8-K 2019-10-10 Regulation FD, Exhibits
8-K 2019-09-04 Regulation FD, Exhibits
8-K 2019-08-07 Officers, Regulation FD, Exhibits
8-K 2019-07-25 Earnings, Regulation FD, Exhibits
8-K 2019-07-11 Regulation FD, Exhibits
8-K 2019-06-13 Regulation FD, Exhibits
8-K 2019-05-15 Shareholder Vote
8-K 2019-04-25 Earnings, Regulation FD, Exhibits
8-K 2019-04-11 Regulation FD, Exhibits
8-K 2019-03-14 Regulation FD, Exhibits
8-K 2019-03-05 Regulation FD, Exhibits
8-K 2019-02-13 Regulation FD, Exhibits
8-K 2019-01-24 Earnings, Regulation FD, Exhibits
8-K 2019-01-14 Regulation FD, Exhibits
8-K 2018-12-14 Regulation FD, Exhibits
8-K 2018-11-27 Regulation FD, Exhibits
8-K 2018-11-16 Regulation FD, Exhibits
8-K 2018-10-25 Earnings, Regulation FD, Exhibits
8-K 2018-10-12 Regulation FD, Exhibits
8-K 2018-09-17 Regulation FD, Exhibits
8-K 2018-08-14 Regulation FD, Exhibits
8-K 2018-07-26 Earnings, Regulation FD, Exhibits
8-K 2018-07-16 Regulation FD, Exhibits
8-K 2018-06-19 Officers
8-K 2018-06-15 Regulation FD, Exhibits
8-K 2018-05-15 Regulation FD, Exhibits
8-K 2018-05-08 Shareholder Vote, Other Events
8-K 2018-05-04 Regulation FD, Exhibits
8-K 2018-04-23 Earnings, Regulation FD, Exhibits
8-K 2018-04-13 Regulation FD, Exhibits
8-K 2018-03-13 Regulation FD, Exhibits
8-K 2018-02-15 Regulation FD, Exhibits
8-K 2018-01-25 Earnings, Regulation FD, Exhibits
8-K 2018-01-22 Officers, Regulation FD, Exhibits
8-K 2018-01-12 Regulation FD, Exhibits
8-K 2018-01-12 Officers, Regulation FD, Exhibits
8-K 2018-01-04 Officers
8-K 2015-09-11 Regulation FD, Exhibits
8-K 2015-08-12 Regulation FD, Exhibits
8-K 2015-07-23 Regulation FD, Exhibits
8-K 2015-07-10 Regulation FD, Other Events, Exhibits
8-K 2015-06-15 Regulation FD, Exhibits
8-K 2015-05-14 Regulation FD, Exhibits
8-K 2015-05-07 Shareholder Vote
8-K 2015-04-23 Earnings, Regulation FD, Exhibits
8-K 2015-04-09 Regulation FD, Other Events, Exhibits
8-K 2015-03-13 Regulation FD, Exhibits
8-K 2015-03-03 Officers
8-K 2015-02-12 Regulation FD, Exhibits
8-K 2015-01-22 Earnings, Regulation FD, Exhibits
8-K 2015-01-09 Regulation FD, Other Events, Exhibits

Alaska Air Group Financials

ALK Metrics, Comps, Filings

Quarterly | Annual

Business

Alaska Air Group is a Delaware corporation incorporated in 1985 that operates two airlines, Alaska and Horizon. Alaska was organized in 1932 and incorporated in 1937 in the state of Alaska. Horizon Air is a Washington corporation that was incorporated and began service in 1981. It was acquired by Air Group in 1986. Virgin America has been a member of Air Group since it was acquired in 2016. In 2018, Virgin America and Alaska combined operating certificates to become a single airline, and legally merged into a single entity. The Company also includes McGee Air Services, an aviation services provider that was established as a wholly-owned subsidiary of Alaska in 2016.

Alaska and Horizon operate as separate airlines, with individual business plans, competitive factors and economic risks. Together with our regional partner airlines, we fly to 115 destinations with over 1,200 daily departures through an expansive network across the United States, Mexico, Canada, and Costa Rica. With global airline partners, we provide our guests with a network of more than 900 destinations worldwide. During 2018, we carried an all-time high 46 million guests and earned consolidated net income under Generally Accepted Accounting Principles (GAAP) of $437 million compared to net income of $960 million in 2017. Our adjusted net income was $554 million, which excludes merger-related costs, special items and mark-to-market fuel hedge adjustments. Refer to "Results of Operations" in Management's Discussion and Analysis for our reconciliation of Non-GAAP measures to the most directly comparable GAAP measure.

We organize the business and review financial operating performance by aggregating our business in three operating segments, which are as follows:


Valuation ($BB)

Market Cap, Enterprise Value

Balance Sheet ($BB)

Assets, Equity

Income Statement ($BB Quarterly)

Revenue, G Profit, Net Income

Cash Flow ($BB Quarterly)

Ops, Inv, Fin

Comps ($MM TTM) Market Cap Gross Margin EV/EBITDA Ret on Assets Assets Liabilities Revenue G Profit Net Income EBITDA EV
Azul (AZUL) 25,351 46% 28.4 -3% 2,948 2,157 8,149 3,714 -81 889 25,239
United Continental (UAL) 21,683 58% 4.8 6% 52,611 41,080 43,259 25,181 3,010 6,935 33,548
American Airlines Group (AAL) 12,819 55% 6.1 3% 59,995 60,113 45,768 24,980 1,686 5,331 32,691
Alaska Air Group (ALK) 8,498 59% 5.6 6% 12,993 8,662 8,781 5,152 769 1,517 8,482
Jetblue Airways (JBLU) 5,642 62% 4.9 5% 11,918 7,119 8,093 5,054 569 1,372 6,681
Skywest (SKYW) 2,946 13% 12.5 0% 6,598 4,481 3,032 387 0 451 5,647
Life Time Fitness (LTM) 2,775 9% 11.8 4% 2,729 1,599 1,310 124 111 333 3,942
Spirit Airlines (SAVE) 2,489 0% 6.4 5% 6,575 4,395 3,724 0 346 585 3,757
Allegiant Travel (ALGT) 2,391 0% 8.8 6% 2,834 2,008 1,380 0 172 398 3,496
Air Transport Services (ATSG) 1,508 0% 8.3 4% 2,745 2,264 1,330 0 101 350 2,913
Hawaiian Holdings (HA) 1,251 71% 4.1 4% 4,065 2,998 2,822 2,004 174 356 1,444
Mesa Air (MESA) 241 0% 5.3 3% 1,452 1,026 723 0 48 197 1,051
Air T (AIRT) 42 0% 3.6 7% 143 109 246 0 10 25 91
EHang Holdings (EH)
Ryanair Holdings (RYAAY) 0% 13,251 8,036 0 0 0 0 -35
Copa Holdings (CPA) 0% 4,087 2,247 0 0 0 0 -0
China Eastern Airlines (CEA) 0% 239,017 177,416 0 0 0 0 -0
China Southern Airlines (ZNH) 0% 246,949 168,480 0 0 0 0 -6,909
Avianca Holdings (AVH) 0% 7,119 6,126 0 0 0 0 -265
Volaris (VLRS) 0% 22,311 13,139 0 0 0 0 -0

Balance Sheet ($MM)2010-03-312010-08-052010-09-302010-12-312011-03-312011-06-302011-09-302011-12-312012-03-312012-06-302012-09-302012-12-312013-03-312013-06-302013-09-302013-12-312014-03-312014-06-302014-09-302014-12-312015-03-312015-06-302015-09-302015-12-312016-03-312016-06-302016-09-302016-12-312017-03-312017-06-302017-09-302017-12-312018-03-312018-06-302018-09-302018-12-312019-03-312019-06-302019-09-302019-12-31
Cash1,1711,273129906067681,1411,1411,1851,1861,2521,2651,4291,4451,3301,4201,5101,3431,2171,3121,1921,2581,3281,5641,6073,2261,5801,7101,9221,7401,6211,5281,5681,3971,2361,4361,6271,6191,521
Accounts Receivable137145137120161168148136168169185130188195182152212203178259187194205212235254232302321326301341350411422366358389377323
Inventory49484245465344444548525861596060586164585258525145454447505257576257576058556372
PP&E4,5234,5874,6034,6274,7644,8534,9965,0675,2315,2885,3535,4725,5645,7155,8265,9616,0686,2916,4946,6166,8817,1657,2687,4167,5297,7437,9088,5958,8179,0619,3089,2759,4149,5849,66210,0239,86210,05110,22710,388
Assets5,0165,1075,1205,0175,1115,2345,2605,1955,3825,4245,4365,5055,6445,8525,8625,8386,0616,3146,2366,1816,4106,4806,5646,5336,8297,0358,6999,96210,30210,72010,73910,74010,84811,05510,89310,91212,64012,95112,98312,993
Accounts Payable535851605971881041291117065101716064757168625756616363787192959597120102115114132157156120146
Long-Term Debt1,8151,7241,3901,3131,2751,4091,3921,3071,2471,1401,0661,0329469248938718348598258037687457106866506292,1532,9782,8772,8192,7142,5812,4612,3232,0382,1131,9731,8351,7171,505
Liabilities4,1304,1674,0473,9113,9414,0273,9964,0224,1644,1413,9974,0844,1824,3094,0603,8093,9664,1144,0074,0544,2444,2614,1994,1224,3744,4085,8357,0317,2887,4567,2487,0197,4097,4627,1027,1618,8948,9788,7318,662
Stockholders' Equity8859401,0741,1051,1701,2061,2641,1731,2181,2831,4391,4211,4621,5431,8022,0292,0952,2002,2292,1272,1662,2192,3652,4112,4552,6272,8642,9313,0143,2643,4913,7213,4393,5933,7913,7513,7463,9734,2524,331
Income Statement ($MM)2010-03-312010-08-052010-09-302010-12-312011-03-312011-06-302011-09-302011-12-312012-03-312012-06-302012-09-302012-12-312013-03-312013-06-302013-09-302013-12-312014-03-312014-06-302014-09-302014-12-312015-03-312015-06-302015-09-302015-12-312016-03-312016-06-302016-09-302016-12-312017-03-312017-06-302017-09-302017-12-312018-03-312018-06-302018-09-302018-12-312019-03-312019-06-302019-09-302019-12-31
Revenue8309761,0689589651,1101,1981,0441,0391,2131,2721,1321,1331,2561,5571,2101,2221,3751,4651,3061,2691,4371,5151,3771,3471,4941,5661,5241,7492,1022,1201,9621,8322,1562,2122,0641,8762,2882,3892,228
Cost of Revenue357337410639396600626493523648557600611619597594591601649565488505524425436447497529718712766825836882934986862926935906
Gross Profit4736396573195695105725525165657155325226379606166317748167417819329919529111,0471,0699951,0311,3901,3541,1379961,2741,2781,0781,0141,3621,4541,322
R&D0000000000000000000000000000000000000000
SG&A2732784438404647424144463738514842465355455354535149555863819791887888798172877777
Tax53576546184852642102292265174495810011894911421636810816014611753183161-2242666702899462
Net Income5591226574297864416816344371042897894165198148149234274191184260256114992962663734193217234262322181
Cash Flow ($MM)2010-03-312010-08-052010-09-302010-12-312011-03-312011-06-302011-09-302011-12-312012-03-312012-06-302012-09-302012-12-312013-03-312013-06-302013-09-302013-12-312014-03-312014-06-302014-09-302014-12-312015-03-312015-06-302015-09-302015-12-312016-03-312016-06-302016-09-302016-12-312017-03-312017-06-302017-09-302017-12-312018-03-312018-06-302018-09-302018-12-312019-03-312019-06-302019-09-302019-12-31
Cash Operating542791734711925024087183272182116212380230159242393257138514375340355525374307180470614273233306420260209468565348341
Cash Investing-48-192-594-34-208-19735-173-237-103-132-151-361-168-18-164-418-3677-421-173-133-203-336-254-51-1,981-488-483-17110-164-304135-298-186-344-178-83
Cash Financing-53-97-93-91-114-35-43-88-64-48-87110-88-57-78-102-68-43-209-142-149-208-164-167-184-1171,481311-127-116-156-193-156-191-31919-171-192-175-275