What useful information do you receive from these common size statements? Use the useful information to compare the financial performance and the financial position of american airlines in 2020. How did Covid affect this firm?
What useful information do you receive from these common size statements? Use the useful information to compare the financial performance and the financial position of american airlines in 2020. How did Covid affect this firm?
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
Part C. What useful information do you receive from these common size statements? Use the useful information to compare the financial performance and the financial position of american airlines in 2020. How did Covid affect this firm?
Transcribed Image Text:ASSETS
Total Cash & ST Investments
Total Receivables
Inventory
Prepaid Exp.
Restricted Cash
Other Current Assets
Total Current Assets
Gross Property, Plant & Equipment
Accumulated Depreciation
Net Property, Plant & Equipment
Long-term Investments
Goodwill
Other Intangibles
Loans Receivable Long-Term
Deferred Tax Assets, LT
Other Long-Term Assets
Total Assets
LIABILITIES
Accounts Payable
Accrued Exp.
Curr. Port. of LT Debt
Curr. Port. of Leases
Uneamed Revenue, Current
Other Current Liabilities
Total Current Liabilities
Long-Term Debt
Long-Term Leases
Uneamed Revenue, Non-Current
Pension & Other Post-Retire. Benefits
Def. Tax Liability, Non-Curr.
Other Non-Current Liabilities
Total Liabilities
Common Stock
Additional Paid In Capital
Retained Earings
Treasury Stock
Comprehensive Inc. and Other
Total Common Equity
Total Equity
Common Size Balance Sheet American Airlines
2018
2019
2020
Total Liabilities And Equity
-
4,760.0
1,706.0
1,522.0
495.0
11.0
143.0
8,637.0
59,414.0
(17,443.0)
41,971.0
189.0
4,091.0
2,137.0
1,145.0
2,410.0
60.580.0
1,773.0
3,769.0
3,213.0
1,735.0
7,606.0
18,096.0
20,566.0
8,515.0
5,272.0
6,907.0
1,393.0
60,749.0
5.0
4,964.0
758.0
(5,896.0)
(169.0)
(169.0)
60,580.0
3,826.0
1,750.0
1,851.0
621.0
10.0
148.0
8,206.0
60,717.0
(18,659.0)
42,058.0
204.0
4,091.0
2,084.0
645.0
2,707.0
59.995.0
2,062.0
3,679.0
2,749.0
1,820.0
8,001.0
18,311.0
20,896.0
7,979.0
5,422.0
6,052.0
1,453.0
60,113.0
4.0
3,945.0
2,264.0
(6,331.0)
(118.0)
(118.0).
59,995.0
6,864.0
1,342.0
1,614.0
666.0
154.0
455.0
11,095.0
55,049.0
(16,757.0)
38,292.0
161.0
4,091.0
2,029.0
3,239.0
3,101.0
62.008.0
1,196.0
4,135.0
2,697.0
1,751.0
6,790.0
16,569.0
29,324.0
7,249.0
7,162.0
7,069.0
1,502.0
68,875.0
6.0
6,894.0
(6,664.0)
(7,103.0)
(6,867.0)
(6.867.0).
62,008.0
2021
12,431.0
1,505.0
1,795.0
615.0
135.0
855.0
17,336.0
55,041.0
(18,171.0)
36,870.0
239.0
4,091.0
1,988.0
3,556.0
2,387.0
66.467.0
1,772.0
4,255.0
2,315.0
1,681.0
8,983.0
19,006.0
35,008.0
7,173.0
6,239.0
5,053.0
1,328.0
73,807.0
6.0
7,234.0
(8,638.0)
(5,942.0)
(7,340.0)
(7.340.0)
66,467.0
2022
8,965.0
2,138.0
2,279.0
892.0
146.0
849.0
15,269.0
57,710.0
(20,029.0)
37,681.0
245.0
4,091.0
2,059.0
3,099.0
2,272.0
64.716.0
2,149.0
4,694.0
3,058.0
1,681.0
9,914.0
21,496.0
31,844.0
7,104.0
5,976.0
2,837.0
1,258.0
70,515.0
6.0
7,291.0
(8,511.0)
(4,585.0)
(5,799.0)
(5.799.0)
64,716.0
Transcribed Image Text:Total Revenue
Cost Of Goods Sold
Gross Profit
Selling General & Admin Expense
R & D Expense
Depreciation & Amortization Expense
Other Operating Expense/(Income)
Total Operating Expenses
Common size Income Statement American Airlines
2020
17,337.0
22,832.0
(5,495.0)
666.0
Operating Income
Net Interest Expense
Other Non-Operating Expense
Earnings Before Tax Excluding Unusual Items
Restructuring Charges
Impairment of Goodwill
Gain (Loss) On Sale Of Invest.
Asset Writedown
Legal Settlements
Other Unusual Items
Earnings Before Tax Including Unusual Items
Income Tax Expense
Earnings from Continuing Operations
Earnings of Discontinued Operations
Net Income
2018
44,541.0
32,337.0
12,204.0
1,520.0
1,839.0
5,088.0
8,447.0
3,757.0
(938.0)
26.0
2,790.0
(480.0)
(104.0)
(26.0)
(45.0)
17.0
1,884.0
472.0
1,412.0
1,412.0
2019
45,768.0
32,465.0
13,303.0
2,004.0
1,982.0
5,428.0
9,414.0
3,889.0
(968.0)
19.0
2,908.0
(282.0)
5.0
(213.0)
53.0
(24.0)
2,256.0
570.0
1,686.0
1,686.0
2,040.0
3,186.0
5,892.0
(11,387.0)
(1,186.0)
348.0
(12,249.0)
(1,426.0)
(135.0)
(1,601.0)
3,958.0
(11,453.0)
(2,568.0)
(8,885.0)
(8,885.0)
2021
29,882.0
27,948.0
1,934.0
1,098.0
2,019.0
3,994.0
7,111.0
(5,177.0)
(1,782.0)
20.0
(6,943.0)
(170.0)
(31.0)
(27.0)
19.0
4,604.0
(2,548.0)
(555.0)
(1,993.0)
(1,993.0)
2022
48,971.0
37,528.0
11,443.0
1,815.0
1,977.0
5,422.0
9,214.0
2,229.0
(1,746.0)
13.0
458.0
(71.0)
(149.0)
(37.0)
(15.0)
186.0
59.0
127.0
127.0
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
Step by step
Solved in 4 steps
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.Recommended textbooks for you
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Horngren's Cost Accounting: A Managerial Emphasis…
Accounting
ISBN:
9780134475585
Author:
Srikant M. Datar, Madhav V. Rajan
Publisher:
PEARSON
Intermediate Accounting
Accounting
ISBN:
9781259722660
Author:
J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:
McGraw-Hill Education
Financial and Managerial Accounting
Accounting
ISBN:
9781259726705
Author:
John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:
McGraw-Hill Education