FFilingLens
Quarterly TTM Annual
Income Balance Cash flow
8P

Three-Statement Breakdown

UAL
2026-06-30 · figures in $M

FCF DOWN

Free cash flow fell 21% to $2.5B, and covered net income 0.73×.

CASH FROM OPS -6.4%
8,913 14.2% MGN
CAPITAL EXPENDITURE +0.9%
6,369
FREE CASH FLOW -20.7%
2,544
FCF / NET INCOME -16.9%
0.73× TARGET >1.0×
Cash flow TTM 24-09 TTM 24-12 TTM 25-03 TTM 25-06 TTM 25-09 TTM 25-12 TTM 26-03 vs prior TTM YoY TTM 8Q
Net income
10-Q
2,764 3,149 3,660 3,310 3,294 3,353 3,665 3,497 -4.6% +5.6% 3,497 2024-09-30 · $965.0M2024-12-31 · $985.0M2025-03-31 · $387.0M2025-06-30 · $973.0M2025-09-30 · $949.0M2025-12-31 · $1.0B2026-03-31 · $699.0M2026-06-30 · $805.0M
Depreciation & amortization
10-Q
2,853 2,928 2,947 2,961 2,949 2,939 2,968 2,997 +1.0% +1.2% 2,997
Cash from operations
RESTATED · WAS 9,444
6,311 9,445 10,307 9,649 9,369 8,431 9,520 8,913 -6.4% -7.6% 8,913 2024-09-30 · $1.5B2024-12-31 · $2.2B2025-03-31 · $3.7B2025-06-30 · $2.2B2025-09-30 · $1.2B2025-12-31 · $1.3B2026-03-31 · $4.8B2026-06-30 · $1.6B
Cash conversion
2.28× 3.00× 2.82× 2.92× 2.84× 2.51× 2.60× 2.55× -1.9% -12.6% 2.55×
Capital expenditures
(6,006) (5,615) (5,482) (5,605) (5,659) (5,874) (6,313) (6,369) +0.9% +13.6% (6,369)
Free cash flow
305 3,830 4,825 4,044 3,710 2,557 3,207 2,544 -20.7% -37.1% 2,544 2024-09-30 · $88.0M2024-12-31 · $549.0M2025-03-31 · $2.5B2025-06-30 · $930.0M2025-09-30 · -$246.0M2025-12-31 · -$604.0M2026-03-31 · $3.1B2026-06-30 · $267.0M
FCF margin
0.5% 6.7% 8.4% 7.0% 6.4% 4.3% 5.3% 4.0% -23.7% -42.0% 4.0%
Cash from investing
-1,679 -2,651 -5,554 -7,268 -6,500 -6,350 -6,782 -6,662 — — -6,662
Share repurchases
82 162 511 751 690 637 315 75 -76.2% -90.0% 75
Debt repayment
9,617 10,138 6,118 5,532 5,542 4,771 6,852 7,697 +12.3% +39.1% 7,697
Cash from financing
-3,714 -4,182 -3,701 -3,964 -5,027 -4,945 -4,464 -1,473 — — -1,473
Net change in cash
RESTATED · WAS 2,611
918 2,612 1,052 -1,583 -2,157 -2,865 -1,727 777 — — 777
Ending cash balance
8,812 8,769 9,370 9,354 6,730 5,942 7,869 10,166 +29.2% +8.7% 10,166

Click a line to select it — Enter or the EXPAND pill folds out its quarter-by-quarter history.

SELECTED · FREE CASH FLOW · QoQ BRIDGE
FROM3,207 CASH FROM OPERATIONS-607 CAPITAL EXPENDITURES-56 TO2,544
↹ CLICK A LINE TO SELECT · ⌘F FIND LINE ITEM SRC 10-Q FILED 2026-07-16 ↗