FFilingLens
Quarterly TTM Annual
Income Balance Cash flow
8Y

Three-Statement Breakdown

UAL
2026-06-30 · figures in $M

NET DEBT DOWN

Net debt fell 3.5% to $15.3B, and stands at 2.00× annualized EBITDA.

CASH -32.2%
5,942
TOTAL DEBT -13.7%
21,266
NET DEBT -3.5%
15,324
NET DEBT / ANN. EBITDA +1.2%
2.00× TARGET <2.0×
Balance sheet FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 YoY
Cash & equivalents
10-Q
1,694 2,762 11,269 18,283 7,166 6,058 8,769 5,942 -32.2%
Accounts receivable
RESTATED · WAS 1,346 10-Q
1,426 1,364 1,295 1,663 1,801 1,898 2,163 2,391 +10.5%
Inventories
10-Q
985 1,072 932 983 1,109 1,561 1,572 1,556 -1.0%
Other current assets
RESTATED · WAS 609 10-Q
733 814 635 745 689 640 673 671 -0.3%
Total current assets
RESTATED · WAS 7,194 10-Q
7,094 8,194 14,800 21,834 20,058 18,487 18,883 16,857 -10.7%
Current ratio
10-Q
0.51× 0.55× 1.16× 1.19× 1.00× 0.83× 0.81× 0.65× -20.4%
Goodwill
10-Q
4,523 4,523 4,527 4,527 4,527 4,527 4,527 4,527 +0.0%
Property, plant & equipment
RESTATED · WAS 28,329 10-Q
27,399 30,170 31,466 32,074 34,448 39,815 42,908 46,121 +7.5%
Total assets
RESTATED · WAS 44,792 10-Q
49,024 52,611 59,548 68,175 67,358 71,104 74,083 76,448 +3.2%
Return on assets (annualized)
10-Q
4.3% 5.7% -11.9% -2.9% 1.1% 3.7% 4.3% 4.4% +3.2%
Accounts payable
10-Q
2,363 2,703 1,595 2,562 3,395 3,835 4,193 4,567 +8.9%
Accrued liabilities
NOT DISCLOSED
619 — — — — — — — —
Short-term debt
10-Q
1,230 1,407 1,911 3,002 2,911 4,247 3,453 4,426 +28.2%
Total current liabilities
RESTATED · WAS 13,212 10-Q
13,839 14,938 12,725 18,304 19,992 22,203 23,314 26,133 +12.1%
Long-term debt
10-Q
12,215 13,145 24,836 30,361 28,283 27,413 25,203 20,562 -18.4%
Total liabilities
38,982 41,080 53,588 63,146 60,462 61,780 61,408 61,166 -0.4%
Net debt
11,751 11,790 15,478 15,080 24,028 23,017 15,884 15,324 -3.5%
Stockholders' equity
RESTATED · WAS 9,995 10-Q
10,042 11,531 5,960 5,029 6,896 9,324 12,675 15,282 +20.6%
Net debt / TTM EBITDA
NOT DISCLOSED 10-Q
2.18× 1.79× — 10.31× 5.01× 3.34× 1.98× 2.00× +1.2%

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SELECTED · NET DEBT · QoQ BRIDGE
FROM15,884 TOTAL DEBT-3,387 CASH & EQUIVALENTS+2,827 TO15,324
↹ CLICK A LINE TO SELECT · ⌘F FIND LINE ITEM SRC 10-Q FILED 2026-07-16 ↗