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Please use the information provided from sec.gov for American Airlines 2019 to answer the following: Times interest earned ratio; payout ratio; return on common stockholders
Please use the information provided from sec.gov for American Airlines 2019 to answer the following:
Times interest earned ratio; payout ratio; return on common stockholders equity. Please zoom in if needed.
TOOL TO USE FOR DECISION Corporations have limited liability, better capital-raising ability, and professional managers. But they suffer from additional taxes, government regulations, and separation of ownership from management. Payout ratio = Cash dividends declared on common stock Net income Return on common stockholders' equity = Average common stockholders' equity Net income-Preferred dividends Times inerest earned Net income + Interest expense + Income tax expense Interest expense AMERICAN AIRLINES GROUP INC. CONSOLIDATED STATEMENTS OF OPERATIONS (In millions, except share and per share amounts) Year Ended December 31, 2019 2018 2017 $ 42,010 863 40.676 1,013 2.852 39,131 890 2.601 2,895 45,768 44.541 42.622 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 7,526 12,609 7,501 2,380 2,055 1,326 1,602 1,982 635 5,087 8,053 12,251 7.133 2.050 1,900 1,264 1,520 1,839 787 5,088 41,885 6,128 11,954 6.546 1,959 1,806 1,197 1,477 1,702 712 4,910 42.703 38,391 3,065 2,656 4,231 118 94 (1,056) 166 127 (1,095 159 (809) 2,256 570 1,686 (1,053 123 (836) 3.395 (772) 1,884 472 1.412 2,113 $ $ $ 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) Year Ended December 31, 2019 2018 2017 1,686 $ 1,412 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) 1,292 (70) (1) (71) 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 3.546 4.485 158 154 1.706 1.750 1.851 1,522 621 495 8.206 8,637 42.537 41,499 9.443 8,764 Short-term investments Restricted cash and short-term investments 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 1.278 53,654 51,541 (17.443 (18,659 34,995 34,098 8.737 9.151 4.091 4.091 2.084 2.137 645 1,145 Other assets 1.237 1.321 Total other assets 8.057 8.694 Total assets S 59.995 S 60,580 S S 3.294 2.861 2.062 1,541 4.808 1.773 1,427 4339 3.193 3.267 1.708 1.654 2,138 2.342 18,311 18,096 21,454 21,179 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 Noncurrent liabilities 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) ato to solidated Financial statemente 6.052 6.907 5.272 5,422 7,421 7.902 1,453 1.393 41.802 42.653 3.945 5 4.964 5.896 758 (6.331 2.264 (169 (118) 59,995 S S 60,580 AMERICAN AIRLINES GROUP INC. CONSOLIDATED STATEMENTS OF CASH FLOWS (In millions) Year Ended December 31, 2018 2019 2017 S 1.686 S 1,412 S 1.282 2.159 2017 2.318 (112 376 (59) 458 (11 272 (178 (300 (132 560 440 2.089 90 94 86 (62 (97 (142 73 222 (190 390 (373) 327 (433 SQMS31313 13 13 5 183 184 1853 299 (147 297 469 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 65 3 DO 14 16 18 13118 PS18181818181810 | 18 (283 76 (1.230 (308 (286 (475 210 (209 132 3.815 3,533 4.744 (3,745 ( (4.268 850 54 (5.971 853 1.096 111 94 (3,184) (4.633 3,412 3,705 4,144 5.915 250 309 (203 (86 ( (2.243 (1.973 (3.636 3.960 2.354 3.058 2.332 (4.190 ) (61) (2.941 (59) (837 (1.097 Net cash used in investing activities 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 a (178) 2 (1.568 4 286 (186 3) (1.672 (112 (85 (1,615) (198 27 (1,145 (37 398 435 S 290 S 286 S 398 The following table provides a reconciliation of cash and restricted cash to amounts reported within the consolidated balance sheets:| Cash S 280 S 275 S 295 Restricted cash included in restricted cash and short-term investments 10 11 103 Total cash and restricted cash S 290 S 286 S 398 AMERICAN AIRLINES GROUP INC. CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY (DEFICIT) (In millions, except share amounts) Additional Paid-in Common Stock Accumulated Other Comprehensive Loss Retained Earnings (Deficit) Capital Total $ $ 7,223 (5,083 $ $ (284 (2,429) 1,282 1.282 (71 (71 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 (51) (1,563) 01 TILL II (51) (1,563) (198 (198 15 90 15 90 622 (622) (5,776) 5,714 (723) 1,412 Net income (780) 1,412 (120) (120 (37) (799) (37 (799) 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 188 1001-9181 1813 1811 112 113 113 (188 86 60 197 60 197 | Moi | | | | | | | | | | | | | | | | | | 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)
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