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Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Mar. 31, 2021
Dec. 31, 2020
Current assets    
Cash $ 277 $ 245
Short-term investments 13,762 6,619
Restricted cash and short-term investments 806 609
Accounts receivable, net 971 1,342
Aircraft fuel, spare parts and supplies, net 1,658 1,614
Prepaid expenses and other 615 666
Total current assets 18,089 11,095
Operating property and equipment    
Flight equipment 37,480 37,816
Ground property and equipment 9,108 9,194
Equipment purchase deposits 1,136 1,446
Total property and equipment, at cost 47,724 48,456
Less accumulated depreciation and amortization (16,827) (16,757)
Total property and equipment, net 30,897 31,699
Operating lease right-of-use assets 8,000 8,039
Other assets    
Goodwill 4,091 4,091
Intangibles, net of accumulated amortization of $755 and $745, respectively 2,019 2,029
Deferred tax asset 3,632 3,239
Other assets 1,921 1,816
Total other assets 11,663 11,175
Total assets 68,649 62,008
Current liabilities    
Current maturities of long-term debt and finance leases 2,444 2,797
Accounts payable 1,624 1,196
Accrued salaries and wages 1,576 1,716
Operating lease liabilities 1,595 1,651
Other accrued liabilities 2,173 2,419
Total current liabilities 17,333 16,569
Noncurrent liabilities    
Long-term debt and finance leases, net of current maturities 37,247 29,796
Pension and postretirement benefits 6,765 7,069
Loyalty program liability 7,055 7,162
Operating lease liabilities 6,738 6,777
Other liabilities 1,456 1,502
Total noncurrent liabilities 59,261 52,306
Commitments and contingencies
Stockholders’ equity (deficit)    
Common stock, $0.01 par value; 1,750,000,000 shares authorized, 641,374,475 shares issued and outstanding at March 31, 2021; 621,479,522 shares issued and outstanding at December 31, 2020 6 6
Additional paid-in capital 6,980 6,894
Accumulated other comprehensive loss (7,036) (7,103)
Retained deficit (7,895) (6,664)
Total stockholders’ deficit (7,945) (6,867)
Total liabilities and stockholders’ equity (deficit) 68,649 62,008
Air traffic liability    
Current liabilities    
Deferred revenue, current 5,598 4,757
Loyalty program liability    
Current liabilities    
Deferred revenue, current 2,323 2,033
American Airlines, Inc.    
Current assets    
Cash 270 231
Short-term investments 13,748 6,617
Restricted cash and short-term investments 806 609
Accounts receivable, net 965 1,334
Receivables from related parties, net 6,647 7,877
Aircraft fuel, spare parts and supplies, net 1,564 1,520
Prepaid expenses and other 584 633
Total current assets 24,584 18,821
Operating property and equipment    
Flight equipment 37,147 37,485
Ground property and equipment 8,748 8,836
Equipment purchase deposits 1,136 1,446
Total property and equipment, at cost 47,031 47,767
Less accumulated depreciation and amortization (16,449) (16,393)
Total property and equipment, net 30,582 31,374
Operating lease right-of-use assets 7,958 7,994
Other assets    
Goodwill 4,091 4,091
Intangibles, net of accumulated amortization of $755 and $745, respectively 2,019 2,029
Deferred tax asset 3,530 3,235
Other assets 1,773 1,671
Total other assets 11,413 11,026
Total assets 74,537 69,215
Current liabilities    
Current maturities of long-term debt and finance leases 2,447 2,800
Accounts payable 1,536 1,116
Accrued salaries and wages 1,515 1,661
Operating lease liabilities 1,586 1,641
Other accrued liabilities 2,065 2,300
Total current liabilities 17,070 16,308
Noncurrent liabilities    
Long-term debt and finance leases, net of current maturities 32,346 26,182
Pension and postretirement benefits 6,723 7,027
Loyalty program liability 7,055 7,162
Operating lease liabilities 6,701 6,739
Other liabilities 1,405 1,449
Total noncurrent liabilities 54,230 48,559
Commitments and contingencies
Stockholders’ equity (deficit)    
Common stock, $0.01 par value; 1,750,000,000 shares authorized, 641,374,475 shares issued and outstanding at March 31, 2021; 621,479,522 shares issued and outstanding at December 31, 2020 0 0
Additional paid-in capital 17,088 17,050
Accumulated other comprehensive loss (7,128) (7,194)
Retained deficit (6,723) (5,508)
Total stockholders’ deficit 3,237 4,348
Total liabilities and stockholders’ equity (deficit) 74,537 69,215
American Airlines, Inc. | Air traffic liability    
Current liabilities    
Deferred revenue, current 5,598 4,757
American Airlines, Inc. | Loyalty program liability    
Current liabilities    
Deferred revenue, current $ 2,323 $ 2,033