Please do the ratios from the following American Airlines 10-K form. Please explain what they mean. I have answered them, but I am not sure if I am right. Please zoom if needed.

Times Interest Earned Ratio: (Net Income + Interest Expense + Income Tax Expense) / Interest Expense

(1,688 + 1,095 + 570) / 1,095 = 3.06 times

Payout Ratio: Cash Dividends Declared on Common Stock / Net Income

171.28 / 1,688 = 10.15% (cash dividends found by multiplying the 428,202,506 authorized and issued common shares by the $0.40 dividends per common share)

Return on Common Stockholders Equity: (Net Income Preferred Dividends) / Average Common Stockholders Equity

(1,688 0) / -143.5 = -11.76%

AMERICAN AIRLINES GROUP INC. CONSOLIDATED STATEMENTS OF OPERATIONS (In millions, except share and per share amounts) Year Ended December 31, 2019 2018 2017 $ 39.131 42,010 863 2,895 45,768 40,676 1,013 2.852 890 2.601 44.541 42.622 7,526 Operating revenues: Passenger Cargo Other Total operating revenues Operating expenses: Aircraft fuel and related taxes Salaries, wages and benefits Regional expenses Maintenance, materials and repairs Other rent and landing fees Aircraft rent Selling expenses Depreciation and amortization Special items, net Other Total operating expenses Operating income Nonoperating income (expense): Interest income Interest expense, net Other income, net Total nonoperating expense, net Income before income taxes Income tax provision Net income 12,609 7,501 2,380 2,055 1,326 1,602 1,982 635 5,087 42.703 3,065 8,053 12,251 7,133 2,050 1,900 1,264 1,520 1,839 787 5,088 41.885 2,656 6,128 11,954 6,546 1,959 1,806 1,197 1.477 1,702 712 4,910 38,391 4,231 118 94 (1,056 166 127 (1,095 159 (809) 2,256 570 (772) 1,884 472 (1,053) 123 (836) 3,395 2,113 1,686 $ 1,412 1,282 $ $ 3.80 3.79 3.04 3.03 2.62 2.61 $ $ $ Earnings per common share: Basic Diluted Weighted average shares outstanding in thousands): Basic Diluted Cash dividends declared per common share 443,363 444,269 0.40 464,236 465,660 0.40 489,164 491,692 0.40 $ $ AMERICAN AIRLINES GROUP INC. CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (In millions) 2019 Year Ended December 31, 2018 1,412 2017 $ 1,686 S $ 1,282 Net income Other comprehensive income (loss), net of tax: Pension, retiree medical and other postretirement benefits Investments Total other comprehensive loss, net of tax Total comprehensive income (438) 3 (435) 1.251 (117) (3) (120) (70) (71) $ $ 1,292 $ 1,211 AMERICAN AIRLINES GROUP INC. CONSOLIDATED BALANCE SHEETS (In millions, except share and par value) December 31, 2019 2018 ASSETS Current assets Cash S 280 S 275 4,485 Short-term investments Restricted cash and short-term investments 154 3,546 158 1,750 1.851 621 1.706 1.522 495 8,206 8,637 41,499 42.537 9.443 8,764 1.278 Accounts receivable, net Aircraft fuel, spare parts and supplies, net Prepaid expenses and other Total current assets Operating property and equipment Flight equipment Ground property and equipment Equipment purchase deposits Total property and equipment, at cost Less accumulated depreciation and amortization Total property and equipment, net Operating lease right-of-use assets Other assets Goodwill Intangibles, net of accumulated amortization of $704 and 5663, respectively Deferred tax asset 1,674 53,654 (18,659 51,541 (17.443) 34,995 34,098 8.737 9.151 4,091 4.091 2.137 2.084 645 1.237 1.145 1.321 Other assets Total other assets 8,694 8.057 59,995 Total assets S S 60,580 S 2.861 S LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT) Current liabilities Current maturities of long-term debt and finance leases Accounts payable Accrued salaries and wages Air traffic liability Loyalty program liability Operating lease liabilities Other accrued liabilities Total current liabilities 3.294 1,773 1.427 2.062 1,541 4.808 4,339 3.193 1.708 3.267 1.654 2.342 2.138 18,311 18.096 Noncurrent liabilities 21,454 21.179 6.052 6.907 5 272 5.422 7,421 7.902 1,453 1,393 42.653 41.802 Long-term debt and finance leases, net of current maturities Pension and postretirement benefits Loyalty program liability Operating lease liabilities Other liabilities Total noncurrent liabilities Commitments and contingencies (Note 12) Stockholders' equity (deficit) Common stock, S0.01 par value; 1,750,000,000 shares authorized, 428,202,506 shares issued and outstanding at December 31, 2019, 460,610,870 shares issued and outstanding at December 31, 2018 Additional paid-in capital Accumulated other comprehensive loss Retained earnings Total stockholders' deficit Total liabilities and stockholders' equity (deficit) 4 3.945 5 4.964 (6,331) (5.896 2.264 758 (118) 59.995 (169 60,580 S S AMERICAN AIRLINES GROUP INC. CONSOLIDATED STATEMENTS OF CASH FLOWS (In millions) Year Ended December 31, 2019 2018 2017 S 1.686 S 1,412 S 1.282 2.318 2.159 2.017 (112 (59 458 (11 272 376 (132 (178 560 (300) 440 2.089 94 86 90 (62 (97 (142 73 222 (190 (390 ) (433 (373 327 (147 299 469 297 65 Cash flows from operating activities: Net income Adjustments to reconcile net income to net cash provided by operating activities Depreciation and amortization Net gains from sale of property and equipment and sale-leaseback transactions Special items, net non-cash Pension and postretirement Deferred income tax provision Share-based compensation Other, net Changes in operating assets and liabilities: Decrease increase) in accounts receivable Increase in other assets Increase (decrease) in accounts payable and accrued liabilities Increase in air traffic liability Increase (decrease) in loyalty program liability Contributions to pension plans Increase (decrease) in other liabilities Net cash provided by operating activities Cash flows from investing activities: Capital expenditures and aircraft purchase deposits Proceeds from sale-leaseback transactions Proceeds from sale of property and equipment Purchases of short-term investments Sales of short-term investments Proceeds from vendor Decrease increase) in restricted short-term investments Proceeds from sale of investments Purchase of equity investment Other investing activities Net cash used in investing activities 76 (283 (308 1 DO KLIE) 18.15 S RS8141318, 31-3318183 (1.230 (286 (475) 210 SONO 318 3381133556813162 (209 132 3.815 3,533 4.744 (4.268 (3.745 (5.971 850 1,096 853 54 111 94 (4.633 (3,184 4.144 (3,412 3,705 5.915 250 (3) 309 (203 (86 (1.973) (2.243 ) (3.636) Cash flows from financing activities: Proceeds from issuance of long-term debt Payments on long-term debt and finance leases Deferred financing costs Treasury stock repurchases Dividend payments Other financing activities Net cash used in financing activities Net increase (decrease in cash and restricted cash Cash and restricted cash at beginning of year Cash and restricted cash at end of year al 3.960 (4,190 (61 (1,097 (178 2 (1,568) 4 286 290 2.354 2.941) (59 (837 (186) (3) (1.672 (112 398 286 3,058 (2.332 (85 (1,615 (198 27 (1,145 (37 435 398 (a)|The following table provides a reconciliation of cash and restricted cash to amounts reported within the consolidated balance sheets :| S Cash Restricted cash included in restricted cash and short-term investments 280 10 290 295 103 11 Total cash and restricted cash 286 398 AMERICAN AIRLINES GROUP INC. CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY (DEFICIT) (In millions, except share amounts) Accumulated Other Comprehensive Loss Additional Paid-in Capital Common Stock Retained Earnings (Deficit) Total $ 7,223 (5,083 $ (2,429) 1,282 (284) 1,282 (71 (71) (51) (1,563) (51 (1,563 (198 198 15 15 90 90 622 Balance at December 31, 2016 Net income Other comprehensive loss, net Issuance of 2,166,861 shares of AAG common stock pursuant to employee stock plans net of shares withheld for cash taxes Purchase and retirement of 33,953,127 shares of AAG common stock Dividends declared on AAG common stock ($0.40 per share) Settlement of single-dip unsecured claims held in Disputed Claims Reserve Share-based compensation expense Impact of adoption of Accounting Standards Update (ASU) 2018-02 related to comprehensive income (See Note 1(b)) Balance at December 31, 2017 Net income Other comprehensive loss, net Issuance of 1,709,140 shares of AAG common stock pursuant to employee stock plans net of shares withheld for cash taxes Purchase and retirement of 16,606,157 shares of AAG common stock Dividends declared on AAG common stock ($0.40 per share) Share-based compensation expense Impact of adoption of ASU 2016-01 related to financial instruments Impact of adoption of ASU 2016-02 related to leases Balance at December 31, 2018 (622) (5,776) 5,714 (723) 1,412 (780) 1,412 (120) (120) Loi | | | | | | | | | | | | | | | | | | | | | | | | (37) (799) (37) (799 (188) 86 (188) 60 60 197 197 4,964 (5,896 758 Net income 1,686 (169) 1,686 (435) (435) (25) (1,095) Other comprehensive loss, net Issuance of 1,682,202 shares of AAG common stock pursuant to employee stock plans net of shares withheld for cash taxes Purchase and retirement of 34,090,566 shares of AAG common stock Dividends declared on AAG common stock ($0.40 per share) Settlement of single-dip unsecured claims held in Disputed Claims Reserve Share-based compensation expense Balance at December 31, 2019 (25) (1,096) (180 7 180 7 94 94 3,945 $ (6,331) $ 2,264 $ (118) See accompanying notes to consolidated financial statements