ALK
$35.13-3.75%
Alaska Air Group Inc.Stock · IndustrialsRussell 3000 0.009%Russell 1000 0.009%US Stock Market 0.008%
ALK financial statements
The full income statement, balance sheet, and cash-flow statement for Alaska Air Group Inc. (ALK), plus valuation ratios — straight from SEC filings. Switch between annual, quarterly, and trailing-twelve-month figures, pick how far back to look, and flip the time order. Every line has a trend sparkline.
Shares outstanding (point-in-time)
2024-06 126.2M2024-09 126.9M2024-12 123.1M2025-03 121.4M2025-06 115.3M2025-09 116.0M2025-12 114.6M2026-03 111.4M2026-06 111.6M-11.5% over 8 periods
SEC-filed end-of-period counts (cover pages and balance sheets, split-adjusted) — the series realized buyback yield is computed from. The weighted-average share lines in the statements below lag these by design: an average over the year sits near the midpoint of an ongoing buyback.
As-reported fiscal years.
| Line item | Trend | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Income Statement | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Revenue | 14.2B+21.3% | 11.7B+12.6% | 10.4B+8.1% | 9.65B+56.2% | 6.18B+73.2% | |
| — | 11.2B+11.3% | 10.0B+4.8% | 9.58B+74.4% | 5.49B+2.8% | ||
| Selling & marketing | 443M+14.5% | 387M+15.9% | 334M | — | — | |
| Restructuring | — | — | 0.00 | 0.00+100.0% | -10.0M-104.5% | |
| Amortization of intangibles | 58.0M+262.5% | 16.0M+220.0% | 5.00M+0.0% | 5.00M | — | |
| Operating income | 303M-46.8% | 570M+44.7% | 394M+462.9% | 70.0M-89.8% | 685M+138.6% | |
| Interest expense | 272M+59.1% | 171M+41.3% | 121M+12.0% | 108M-15.6% | 128M+30.6% | |
| Interest & investment income | 94.0M-6.9% | 101M+26.3% | 80.0M+50.9% | 53.0M+112.0% | 25.0M-19.4% | |
| Other non-operating income | -16.0M | 0.00+100.0% | -39.0M-178.0% | 50.0M+38.9% | 36.0M+111.8% | |
| Pre-tax income | 146M-73.2% | 545M+68.7% | 323M+308.9% | 79.0M-87.4% | 629M+134.2% | |
| Income tax | 46.0M-69.3% | 150M+70.5% | 88.0M+319.0% | 21.0M-86.1% | 151M+129.3% | |
| Net income | 100M-74.7% | 395M+68.1% | 235M+305.2% | 58.0M-87.9% | 478M+136.1% | |
| $0.83-73.1% | $3.08+68.3% | $1.83+306.7% | $0.45-88.1% | $3.77+135.2% | ||
| EPS (basic) | $0.85-72.8% | $3.13+70.1% | $1.84+300.0% | $0.46-88.0% | $3.82+135.6% | |
| Weighted-avg shares (basic) | 118M-6.3% | 126M-1.0% | 127M+0.6% | 127M+1.3% | 125M+1.3% | |
| Weighted-avg shares (diluted) | 120M-6.6% | 128M-0.3% | 129M+0.6% | 128M+0.9% | 127M+2.7% | |
| Balance Sheet | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| 3.27B-13.1% | 3.76B+39.0% | 2.71B-11.0% | 3.04B-22.4% | 3.92B-2.1% | ||
| Cash & equivalents | 627M-47.8% | 1.20B+327.4% | 281M-16.9% | 338M-28.1% | 470M-65.7% | |
| Short-term investments | — | 1.27B-15.6% | 1.51B-27.4% | 2.08B-21.4% | 2.65B+33.9% | |
| Cash & short-term investments | — | 2.50B+39.8% | 1.79B-25.9% | 2.42B-22.4% | 3.12B-6.9% | |
| Accounts receivable | 565M+1.3% | 558M+45.7% | 383M+29.4% | 296M-45.8% | 546M+13.8% | |
| Inventory | 203M+2.0% | 199M+71.6% | 116M+11.5% | 104M+67.7% | 62.0M+8.8% | |
| Prepaid expenses | 278M-9.4% | 307M+74.4% | 176M+8.0% | 163M-16.8% | 196M+59.3% | |
| Other current assets | 69.0M-64.1% | 192M-19.7% | 239M+298.3% | 60.0M-21.1% | 76.0M | |
| 20.4B+3.0% | 19.8B+35.3% | 14.6B+3.0% | 14.2B+1.7% | 14.0B-0.7% | ||
| Property, plant & equipment | 11.9B+10.0% | 10.8B+28.5% | 8.39B+15.6% | 7.26B+18.2% | 6.14B-1.2% | |
| Operating lease right-of-use | 1.27B-2.2% | 1.30B+8.5% | 1.20B-18.8% | 1.47B+1.2% | 1.45B+3.8% | |
| Goodwill | 2.72B-0.0% | 2.72B+40.2% | 1.94B-4.7% | 2.04B-0.3% | 2.04B-0.3% | |
| Intangible assets | 815M-6.6% | 873M+870.0% | 90.0M | — | — | |
| Other non-current assets | 432M+29.3% | 334M+14.4% | 292M-23.2% | 380M-4.0% | 396M+4.5% | |
| Total non-current assets | 17.1B+6.8% | 16.0B | — | — | — | |
| 6.59B+7.2% | 6.14B+37.8% | 4.46B-0.8% | 4.49B+12.6% | 3.99B-7.0% | ||
| Accounts payable | 324M+74.2% | 186M-10.1% | 207M-6.3% | 221M+10.5% | 200M+85.2% | |
| Accrued liabilities | 1.05B+5.8% | 997M+24.6% | 800M-5.4% | 846M+35.4% | 625M+47.4% | |
| Short-term & current debt | 540M+22.2% | 442M+52.9% | 289M+4.7% | 276M-24.6% | 366M-67.8% | |
| Current lease liability | 197M-4.8% | 207M+31.0% | 158M-30.7% | 228M-14.9% | 268M-7.6% | |
| Finance lease liability (current) | 181M+2162.5% | 8.00M-87.5% | 64.0M | — | — | |
| Long-term debt | 4.77B+6.2% | 4.49B+105.8% | 2.18B+15.9% | 1.88B-13.3% | 2.17B-7.8% | |
| Deferred revenue (non-current) | 1.71B+2.8% | 1.66B+20.4% | 1.38B+0.6% | 1.37B-5.0% | 1.45B-6.3% | |
| Non-current lease liability | 1.14B-4.8% | 1.20B+6.5% | 1.13B-19.2% | 1.39B+8.9% | 1.28B+0.9% | |
| Finance lease liability | 65.0M+38.3% | 47.0M | 0.00 | — | — | |
| Deferred tax liabilities | 1.00B+7.5% | 934M+34.4% | 695M+21.1% | 574M-0.7% | 578M+42.0% | |
| Other non-current liabilities | 595M+30.2% | 457M+54.9% | 295M-3.3% | 305M-19.3% | 378M-27.9% | |
| Total non-current liabilities | 9.65B+4.4% | 9.25B+53.1% | 6.04B | — | — | |
| 4.12B-5.8% | 4.37B+6.3% | 4.11B+7.8% | 3.82B+0.4% | 3.80B+27.2% | ||
| Preferred stock | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Common stock | 1.00M+0.0% | 1.00M+0.0% | 1.00M+0.0% | 1.00M+0.0% | 1.00M+0.0% | |
| Additional paid-in capital | 961M+18.5% | 811M+16.7% | 695M+20.5% | 577M+16.8% | 494M+26.3% | |
| Retained earnings | 5.03B+2.0% | 4.93B+8.7% | 4.54B+5.5% | 4.30B+1.4% | 4.24B+12.7% | |
| Treasury stock | 1.70B+50.4% | 1.13B+38.1% | 819M+21.5% | 674M+0.0% | 674M+0.0% | |
| Accumulated other comprehensive income | -173M+27.6% | -239M+20.1% | -299M+22.9% | -388M-48.1% | -262M+47.0% | |
| Total liabilities & equity | 20.4B+3.0% | 19.8B+35.3% | 14.6B+3.0% | 14.2B+1.7% | 14.0B-0.7% | |
| Common shares issued | 145M+2.6% | 141M+1.8% | 139M+1.5% | 137M+1.2% | 135M+1.3% | |
| Common shares outstanding | 116M-6.2% | 123M-2.4% | 126M-1.1% | 128M+1.3% | 126M+1.4% | |
| Shares outstanding (cover) | 115M-6.9% | 123M-2.4% | 126M-1.2% | 128M+1.3% | 126M+1.4% | |
| Cash Flow | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| 1.25B-14.7% | 1.46B+39.4% | 1.05B-26.0% | 1.42B+37.7% | 1.03B+540.2% | ||
| Depreciation & amortization | 795M+36.4% | 583M+29.3% | 451M+8.7% | 415M+5.3% | 394M-6.2% | |
| Intangible amortization | 58.0M+262.5% | 16.0M+220.0% | 5.00M+0.0% | 5.00M | — | |
| Share-based compensation | 10.0M-84.1% | 63.0M-25.9% | 85.0M+102.4% | 42.0M-17.6% | 51.0M+112.5% | |
| Deferred income taxes | 48.0M-62.8% | 129M+35.8% | 95.0M+171.4% | 35.0M-63.2% | 95.0M+132.4% | |
| Change in receivables | 4.00M-96.9% | 128M+573.7% | 19.0M-57.8% | 45.0M-34.8% | 69.0M-58.9% | |
| Other operating activities | 96.0M-68.7% | 307M+215.0% | -267M-1171.4% | -21.0M-333.3% | 9.00M+104.5% | |
| -1.62B-156.0% | -634M+34.2% | -964M+20.9% | -1.22B-20.8% | -1.01B-70.0% | ||
| Capital expenditure | 216M+26.3% | 171M-88.6% | 1.49B-10.6% | 1.67B+472.3% | 292M+31.5% | |
| Free cash flow | 1.03B-20.1% | 1.29B+391.2% | -444M-75.5% | -253M-134.3% | 738M+261.8% | |
| Acquisitions | 0.00-100.0% | 659M | 0.00 | 0.00 | 0.00 | |
| Other investing activities | -155M+27.9% | -215M-350.0% | 86.0M+4200.0% | 2.00M-83.3% | 12.0M+100.0% | |
| -199M-267.2% | 119M+181.0% | -147M+54.8% | -325M+64.4% | -914M-146.1% | ||
| Long-term debt issued | 808M-65.0% | 2.31B+462.0% | 411M | 0.00-100.0% | 363M-85.8% | |
| Long-term debt repaid | 519M-72.9% | 1.92B+579.1% | 282M-26.8% | 385M-71.1% | 1.33B+136.1% | |
| Common stock issued | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Common stock repurchased | 570M+82.7% | 312M+127.7% | 137M | 0.00 | 0.00-100.0% | |
| Dividends paid | 0.00 | 0.00 | 0.00 | 0.00 | 0.00-100.0% | |
| Other financing activities | 82.0M+127.8% | 36.0M+125.9% | -139M-331.7% | 60.0M+5.3% | 57.0M-1.7% | |
| Interest paid | 223M+50.7% | 148M+41.0% | 105M+47.9% | 71.0M-34.9% | 109M+118.0% | |
| Income taxes paid | 3.00M-86.4% | 22.0M+46.7% | 15.0M | 0.00-100.0% | 48.0M | |
| Valuation Ratios | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Market cap | 5.77B-27.6% | 7.97B+59.3% | 5.00B-8.1% | 5.45B-17.0% | 6.56B+1.6% | |
| P/E | 57.7×+185.8% | 20.2×+4.4% | 19.3×-80.8% | 100.9×+634.9% | 13.7× | |
| P/S | 0.4×-40.4% | 0.7×+40.5% | 0.5×-19.6% | 0.6×-43.4% | 1.1×-41.4% | |
| P/B | 1.4×-23.2% | 1.8×+49.1% | 1.2×-14.1% | 1.4×-17.5% | 1.7×-20.2% | |
| P/FCF | 5.6×-9.4% | 6.2× | — | 11.1×+25.3% | 8.9× | |
| Earnings yield | 1.7%-65.0% | 5.0%-4.3% | 5.2%+422.1% | 0.99%-86.4% | 7.3% | |
| FCF yield | 17.9%+10.4% | 16.2% | — | 9.0%-20.2% | 11.2% | |
| Source filing | 10-K | 10-K | 10-K | 10-K | 10-K |
About this data
Source: ALK’s SEC filings (10-K / 10-Q). Annual columns are as-reported fiscal years; quarterly columns are as-reported fiscal quarters (Q4 derived as full-year minus the first three quarters where a company doesn’t file a standalone Q4); TTM (quarterly) rolls the trailing four quarters at every quarter end, TTM (yearly) samples that one year apart; balance-sheet rows show the period-end balance. Valuation ratios are sampled as of each period end. View all ALK filings on SEC EDGAR → Not investment advice.