Pulling SEC filings + quote and writing the call…
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $5.92B | $7.89B | $8.26B | $8.78B | $3.57B | $6.18B | $9.65B | $10.4B | $11.7B | $14.2B |
| Revenue growth | — | 33.2% | 4.7% | 6.3% | -59.4% | 73.2% | 56.2% | 8.1% | 12.6% | 21.3% |
| Operating income | $1.31B | $1.21B | $643M | $1.06B | -$1.77B | $685M | $70.0M | $394M | $570M | $303M |
| Operating margin | 22.0% | 15.3% | 7.8% | 12.1% | -49.8% | 11.1% | 0.7% | 3.8% | 4.9% | 2.1% |
| Net income | $797M | $960M | $437M | $769M | -$1.32B | $478M | $58.0M | $235M | $395M | $100M |
| Net margin | 13.5% | 12.2% | 5.3% | 8.8% | -37.1% | 7.7% | 0.6% | 2.3% | 3.4% | 0.7% |
| EPS (diluted) | $6.41 | $7.75 | $3.52 | $6.19 | -$10.72 | $3.77 | $0.45 | $1.83 | $3.08 | $0.83 |
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $1.39B | $1.59B | $1.20B | $1.72B | -$234M | $1.03B | $1.42B | $1.05B | $1.46B | $1.25B |
| Capital expenditures | $678M | $1.03B | $960M | $696M | $222M | $292M | $1.67B | $1.49B | — | — |
| Free cash flow | $708M | $564M | $235M | $1.03B | -$456M | $738M | -$253M | -$444M | — | — |
| Share buybacks | $193M | $75.0M | $50.0M | $75.0M | $31.0M | $0.00 | $0.00 | $137M | $312M | $570M |
| Dividends paid | $136M | $148M | $158M | $173M | $45.0M | $0.00 | $0.00 | — | — | — |
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & equivalents | $328M | $194M | $105M | $221M | $1.37B | $470M | $338M | $281M | $1.20B | $627M |
| Total assets | $9.96B | $10.7B | $10.9B | $13.0B | $14.0B | $14.0B | $14.2B | $14.6B | $19.8B | $20.4B |
| Long-term debt | $2.65B | $2.26B | $1.62B | $1.26B | $2.36B | $2.17B | $1.88B | $2.18B | $4.49B | $4.77B |
| Shareholders' equity | $2.74B | $3.46B | $3.75B | $4.33B | $2.99B | $3.80B | $3.82B | $4.11B | $4.37B | $4.12B |
| Retained earnings | $3.57B | $4.19B | $4.53B | $5.13B | $3.76B | $4.24B | $4.30B | $4.54B | $4.93B | $5.03B |
| Shares (wtd avg diluted) | 124M | 124M | 124M | 124M | 123M | 127M | 128M | 129M | 128M | 120M |
Every figure is extracted from ALASKA AIR GROUP, INC.’s annual reports as filed with the SEC (XBRL company facts) — no third-party estimates. Fiscal years are labeled by period end; filers occasionally re-tag concepts, so a sparse cell means the company didn’t report that concept for that year. Free cash flow = operating cash flow − capital expenditures.
Research and education only — not financial advice. TENKis not a registered investment adviser or broker-dealer and gives no personalized advice. Every call is impersonal — identical for all users, generated on a schedule from SEC filings plus a delayed/third-party price feed — may be wrong or out of date, and is not a recommendation to buy or sell any security. The operator and an affiliated trading operation may hold or trade the securities TENK rates; see Disclosures. Past performance does not guarantee future results. Do your own research.