Financial Information for Subsidiary Guarantors and Non-guarantor Subsidiaries (Tables)

12 Months Ended

Dec. 31, 2015

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Consolidating Statement of Operations

AMERICAN AIRLINES GROUP INC.

CONSOLIDATING STATEMENT OF OPERATIONS

(In millions)

	Year Ended December 31, 2015
	American Airlines Group (Parent Company Only)			American			Non-Guarantor Subsidiaries			Eliminations and Reclassifications			American Airlines Group Inc. Consolidated
Operating revenues:
Mainline passenger	$	—		$	29,037		$	—		$	—		$	29,037
Regional passenger		—			6,475			—			—			6,475
Cargo		—			760			—			—			760
Other		—			4,812			2,742			(2,836	)		4,718
Total operating revenues		—			41,084			2,742			(2,836	)		40,990
Operating expenses:
Aircraft fuel and related taxes		—			6,226			—			—			6,226
Salaries, wages and benefits		—			9,514			783			(773	)		9,524
Regional expenses		—			6,098			—			(115	)		5,983
Maintenance, materials and repairs		—			1,889			304			(304	)		1,889
Other rent and landing fees		—			1,731			44			(44	)		1,731
Aircraft rent		—			1,250			151			(151	)		1,250
Selling expenses		—			1,394			—			—			1,394
Depreciation and amortization		—			1,364			44			(44	)		1,364
Special items, net		—			1,051			7			(7	)		1,051
Other		4			4,378			1,390			(1,398	)		4,374
Total operating expenses		4			34,895			2,723			(2,836	)		34,786
Operating income (loss)		(4	)		6,189			19			—			6,204
Nonoperating income (expense):
Interest income		6			49			9			(25	)		39
Interest expense, net		(99	)		(796	)		(10	)		25			(880	)
Equity in earnings of subsidiaries		7,624			—			—			(7,624	)		—
Other, net		22			(774	)		1			4			(747	)
Total nonoperating income (expense), net		7,553			(1,521	)		—			(7,620	)		(1,588	)
Income before income taxes		7,549			4,668			19			(7,620	)		4,616
Income tax benefit		(61	)		(3,452	)		(23	)		542			(2,994	)
Net income	$	7,610		$	8,120		$	42		$	(8,162	)	$	7,610

AMERICAN AIRLINES GROUP INC.

CONSOLIDATING STATEMENT OF OPERATIONS

(In millions)

	Year Ended December 31, 2014
	American Airlines Group (Parent Company Only)			American			Non-Guarantor Subsidiaries			Eliminations and Reclassifications			American Airlines Group Inc. Consolidated
Operating revenues:
Mainline passenger	$	—		$	30,802		$	—		$	—		$	30,802
Regional passenger		—			6,322			—			—			6,322
Cargo		—			875			—			—			875
Other		—			4,764			3,278			(3,391	)		4,651
Total operating revenues		—			42,763			3,278			(3,391	)		42,650
Operating expenses:
Aircraft fuel and related taxes		—			10,592			—			—			10,592
Salaries, wages and benefits		—			8,499			782			(773	)		8,508
Regional expenses		—			6,564			—			(48	)		6,516
Maintenance, materials and repairs		—			2,051			352			(352	)		2,051
Other rent and landing fees		—			1,727			32			(32	)		1,727
Aircraft rent		—			1,250			94			(94	)		1,250
Selling expenses		—			1,544			—			—			1,544
Depreciation and amortization		—			1,301			40			(46	)		1,295
Special items, net		18			783			18			(19	)		800
Other		6			4,186			1,951			(2,025	)		4,118
Total operating expenses		24			38,497			3,269			(3,389	)		38,401
Operating income (loss)		(24	)		4,266			9			(2	)		4,249
Nonoperating income (expense):
Interest income		9			32			2			(12	)		31
Interest expense, net		(51	)		(847	)		(1	)		12			(887	)
Equity in earnings of subsidiaries		3,008			—			—			(3,008	)		—
Other, net		(53	)		(183	)		2			53			(181	)
Total nonoperating income (expense), net		2,913			(998	)		3			(2,955	)		(1,037	)
Income before income taxes		2,889			3,268			12			(2,957	)		3,212
Income tax provision		7			320			16			(13	)		330
Net income (loss)	$	2,882		$	2,948		$	(4	)	$	(2,944	)	$	2,882

Consolidating Statement of Comprehensive Income

AMERICAN AIRLINES GROUP INC.

CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME

(In millions)

	Year Ended December 31, 2015
	American Airlines Group (Parent Company Only)		American			Non-Guarantor Subsidiaries		Eliminations and Reclassifications			American Airlines Group Inc. Consolidated
Net income	$	7,610	$	8,120		$	42	$	(8,162	)	$	7,610
Other comprehensive income (loss):
Defined benefit pension plans and retiree medical:
Amortization of actuarial loss and prior service cost		—		(109	)		—		1			(108	)
Current year change		—		(51	)		1		(1	)		(51	)
Derivative financial instruments:
Reclassification into earnings		—		(9	)		—		—			(9	)
Unrealized loss on investments:
Net change in value		—		(6	)		—		1			(5	)
Total other comprehensive income (loss)		—		(175	)		1		1			(173	)
Total comprehensive income	$	7,610	$	7,945		$	43	$	(8,161	)	$	7,437

AMERICAN AIRLINES GROUP INC.

CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME (LOSS)

(In millions)

	Year Ended December 31, 2014
	American Airlines Group (Parent Company Only)			American			Non-Guarantor Subsidiaries			Eliminations and Reclassifications			American Airlines Group Inc. Consolidated
Net income (loss)	$	2,882		$	2,948		$	(4	)	$	(2,944	)	$	2,882
Other comprehensive income (loss):
Defined benefit pension plans and retiree medical:
Amortization of actuarial loss and prior service cost		—			(163	)		—			—			(163	)
Current year change		—			(2,621	)		(12	)		—			(2,633	)
Derivative financial instruments:
Change in fair value		(2	)		(52	)		—			—			(54	)
Reclassification into earnings		—			(4	)		—			—			(4	)
Unrealized gain (loss) on investments:
Net change in value		1			(4	)		—			—			(3	)
Reversal of non-cash tax provision		2			328			—			—			330
Total other comprehensive income (loss)		1			(2,516	)		(12	)		—			(2,527	)
Total comprehensive income (loss)	$	2,883		$	432		$	(16	)	$	(2,944	)	$	355

Condensed Consolidating Balance Sheet

AMERICAN AIRLINES GROUP INC.

CONDENSED CONSOLIDATING BALANCE SHEET

(In millions)

	December 31, 2015
	American Airlines Group (Parent Company Only)			American			Non-Guarantor Subsidiaries			Eliminations and Reclassifications			American Airlines Group Inc. Consolidated
ASSETS
Current assets
Cash	$	19		$	364		$	7		$	—		$	390
Short-term investments		—			5,862			2			—			5,864
Restricted cash and short-term investments		—			695			—			—			695
Accounts receivable, net		1			1,420			18			(14	)		1,425
Receivables from related parties, net		—			1,981			66			(2,047	)		—
Aircraft fuel, spare parts and supplies, net		—			796			67			—			863
Prepaid expenses and other		—			740			8			—			748
Total current assets		20			11,858			168			(2,061	)		9,985
Operating property and equipment		—			27,236			274			—			27,510
Other assets
Investments in subsidiaries		9,433			—			—			(9,433	)		—
Goodwill		—			4,091			—			—			4,091
Intangibles, net of accumulated amortization		—			2,249			—			—			2,249
Deferred tax asset		40			2,932			62			(557	)		2,477
Other assets		13			2,073			36			(19	)		2,103
Total other assets		9,486			11,345			98			(10,009	)		10,920
Total assets	$	9,506		$	50,439		$	540		$	(12,070	)	$	48,415
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current liabilities
Current maturities of long-term debt and capital leases	$	—		$	2,234		$	—		$	(3	)	$	2,231
Accounts payable		—			1,517			62			(16	)		1,563
Payables to related parties, net		2,031			—			—			(2,031	)		—
Air traffic liability		—			3,747			—			—			3,747
Loyalty program liability		—			2,525			—			—			2,525
Other accrued liabilities		69			3,354			115			1			3,539
Total current liabilities		2,100			13,377			177			(2,049	)		13,605
Noncurrent liabilities
Long-term debt and capital leases, net of current maturities		1,771			16,592			—			(33	)		18,330
Pension and postretirement benefits		—			7,410			40			—			7,450
Bankruptcy settlement obligations		—			193			—			—			193
Other liabilities		—			3,169			53			(20	)		3,202
Total noncurrent liabilities		1,771			27,364			93			(53	)		29,175
Stockholders’ equity
Common stock		6			—			—			—			6
Additional paid-in capital		11,591			16,521			198			(16,719	)		11,591
Accumulated other comprehensive loss		(4,732	)		(4,831	)		(11	)		4,842			(4,732	)
Retained earnings (deficit)		(1,230	)		(1,992	)		83			1,909			(1,230	)
Total stockholders’ equity		5,635			9,698			270			(9,968	)		5,635
Total liabilities and stockholders’ equity	$	9,506		$	50,439		$	540		$	(12,070	)	$	48,415

AMERICAN AIRLINES GROUP INC.

CONDENSED CONSOLIDATING BALANCE SHEET

(In millions)

	December 31, 2014
	American Airlines Group (Parent Company Only)			American			Non-Guarantor Subsidiaries			Eliminations and Reclassifications			American Airlines Group Inc. Consolidated
ASSETS
Current assets
Cash	$	3		$	984		$	7		$	—		$	994
Short-term investments		—			6,306			3			—			6,309
Restricted cash and short-term investments		—			774			—			—			774
Accounts receivable, net		—			1,769			15			(13	)		1,771
Receivables from related parties, net		2,050			—			526			(2,576	)		—
Aircraft fuel, spare parts and supplies, net		—			919			85			—			1,004
Prepaid expenses and other		154			885			15			(156	)		898
Total current assets		2,207			11,637			651			(2,745	)		11,750
Operating property and equipment		—			22,805			279			—			23,084
Other assets
Investments in subsidiaries		1,849			—			—			(1,849	)		—
Goodwill		—			4,091			—			—			4,091
Intangibles, net of accumulated amortization		—			2,240			—			—			2,240
Other assets		53			2,014			38			(45	)		2,060
Total other assets		1,902			8,345			38			(1,894	)		8,391
Total assets	$	4,109		$	42,787		$	968		$	(4,639	)	$	43,225
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current liabilities
Current maturities of long-term debt and capital leases	$	—		$	1,678		$	—		$	(1	)	$	1,677
Accounts payable		—			1,316			61			—			1,377
Payables to related parties, net		634			1,703			239			(2,576	)		—
Air traffic liability		—			4,252			—			—			4,252
Loyalty program liability		—			2,807			—			—			2,807
Other accrued liabilities		17			3,139			138			(3	)		3,291
Total current liabilities		651			14,895			438			(2,580	)		13,404
Noncurrent liabilities
Long-term debt and capital leases, net of current maturities		1,282			14,804			1			(44	)		16,043
Pension and postretirement benefits		—			7,522			40			—			7,562
Bankruptcy settlement obligations		—			325			—			—			325
Other liabilities		155			3,835			291			(411	)		3,870
Total noncurrent liabilities		1,437			26,486			332			(455	)		27,800
Stockholders’ equity
Common stock		7			—			—			—			7
Additional paid-in capital		15,135			16,174			199			(16,373	)		15,135
Accumulated other comprehensive loss		(4,559	)		(4,656	)		(12	)		4,668			(4,559	)
Retained earnings (deficit)		(8,562	)		(10,112	)		11			10,101			(8,562	)
Total stockholders’ equity		2,021			1,406			198			(1,604	)		2,021
Total liabilities and stockholders’ equity	$	4,109		$	42,787		$	968		$	(4,639	)	$	43,225

Condensed Consolidating Statement of Cash Flows

AMERICAN AIRLINES GROUP INC.

CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS

(In millions)

	Year Ended December 31, 2015
	American Airlines Group (Parent Company Only)			American			Non-Guarantor Subsidiaries			Eliminations and Reclassifications		American Airlines Group Inc. Consolidated
Net cash provided by operating activities	$	3,595		$	2,587		$	67		$	—	$	6,249
Cash flows from investing activities:
Capital expenditures and aircraft purchase deposits		—			(6,075	)		(76	)		—		(6,151	)
Purchases of short-term investments		—			(8,126	)		—			—		(8,126	)
Sales of short-term investments		—			8,517			—			—		8,517
Decrease in restricted cash and short-term investments		—			79			—			—		79
Proceeds from sale of an investment		52			—			—			—		52
Proceeds from sale of property and equipment		—			26			9			—		35
Net cash provided by (used in) investing activities		52			(5,579	)		(67	)		—		(5,594	)
Cash flows from financing activities:
Payments on long-term debt and capital leases		—			(2,153	)		—			—		(2,153	)
Proceeds from issuance of long-term debt		500			4,509			—			—		5,009
Deferred financing costs		(7	)		(80	)		—			—		(87	)
Sale-leaseback transactions		—			43			—			—		43
Treasury stock repurchases		(3,846	)		—			—			—		(3,846	)
Dividend payments		(278	)		—			—			—		(278	)
Other financing activities		—			53			—			—		53
Net cash provided by (used in) financing activities		(3,631	)		2,372			—			—		(1,259	)
Net increase (decrease) in cash		16			(620	)		—			—		(604	)
Cash at beginning of year		3			984			7			—		994
Cash at end of year	$	19		$	364		$	7		$	—	$	390

AMERICAN AIRLINES GROUP INC.

CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS

(In millions)

	Year Ended December 31, 2014
	American Airlines Group (Parent Company Only)			American			Non-Guarantor Subsidiaries			Eliminations and Reclassifications			American Airlines Group Inc. Consolidated
Net cash provided by operating activities	$	458		$	2,578		$	44		$	—		$	3,080
Cash flows from investing activities:
Capital expenditures and aircraft purchase deposits		—			(5,256	)		(55	)		—			(5,311	)
Purchases of short-term investments		—			(5,380	)		—			—			(5,380	)
Sales of short-term investments		—			7,179			—			—			7,179
Decrease in restricted cash and short-term investments		—			261			—			—			261
Net proceeds from slot transaction		—			307			—			—			307
Proceeds from sale of property and equipment		—			20			13			—			33
Net cash used in investing activities		—			(2,869	)		(42	)		—			(2,911	)
Cash flows from financing activities:
Payments on long-term debt and capital leases		—			(2,955	)		(1	)		(176	)		(3,132	)
Proceeds from issuance of long-term debt		750			2,552			—			—			3,302
Deferred financing costs		(11	)		(95	)		—			—			(106	)
Sale-leaseback transactions		—			811			—			—			811
Exercise of stock options		10			—			—			—			10
Treasury stock repurchases		(1,062	)		—			—			—			(1,062	)
Dividend payments		(144	)		—			—			—			(144	)
Funds transferred to affiliates, net		—			(176	)					176			—
Other financing activities		—			6			—			—			6
Net cash provided by (used in) financing activities		(457	)		143			(1	)		—			(315	)
Net increase (decrease) in cash		1			(148	)		1			—			(146	)
Cash at beginning of year		2			1,132			6			—			1,140
Cash at end of year	$	3		$	984		$	7		$	—		$	994