American Airlines Group Inc.、合并资产负债表结构：负债和股东权益（季度数据）
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2023年12月31日 |
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2023年9月30日 |
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2023年6月30日 |
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2023年3月31日 |
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2022年12月31日 |
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2022年9月30日 |
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2022年6月30日 |
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2022年3月31日 |
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2021年12月31日 |
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2021年9月30日 |
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2021年6月30日 |
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2021年3月31日 |
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2020年12月31日 |
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2020年9月30日 |
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2020年6月30日 |
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2020年3月31日 |
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2019年12月31日 |
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2019年9月30日 |
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2019年6月30日 |
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2019年3月31日 |
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长期债务和融资租赁的当前到期日 |
5.76% | |
5.73% | |
5.76% | |
5.36% | |
5.06% | |
4.12% | |
3.10% | |
3.53% | |
3.74% | |
3.73% | |
3.86% | |
3.56% | |
4.51% | |
4.32% | |
3.99% | |
6.01% | |
4.77% | |
5.90% | |
5.65% | |
5.54% | |
|
|
应付帐款 |
3.73% | |
3.23% | |
3.58% | |
3.68% | |
3.32% | |
3.18% | |
4.02% | |
3.78% | |
2.67% | |
2.68% | |
3.00% | |
2.37% | |
1.93% | |
1.72% | |
1.82% | |
2.81% | |
3.44% | |
3.16% | |
3.42% | |
3.52% | |
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|
应计薪金和薪金 |
3.77% | |
4.96% | |
2.56% | |
2.71% | |
2.65% | |
2.49% | |
2.21% | |
2.03% | |
2.24% | |
2.19% | |
2.18% | |
2.30% | |
2.77% | |
3.06% | |
2.35% | |
2.79% | |
2.57% | |
2.31% | |
2.10% | |
2.00% | |
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空中交通责任 |
9.83% | |
11.68% | |
12.68% | |
13.56% | |
10.42% | |
12.24% | |
13.20% | |
12.38% | |
9.16% | |
9.42% | |
9.79% | |
8.15% | |
7.67% | |
7.81% | |
7.93% | |
9.34% | |
8.01% | |
9.10% | |
9.61% | |
9.76% | |
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|
忠诚计划责任 |
5.48% | |
5.31% | |
5.19% | |
5.22% | |
4.90% | |
4.51% | |
4.51% | |
4.61% | |
4.36% | |
4.08% | |
3.63% | |
3.38% | |
3.28% | |
3.27% | |
3.65% | |
5.28% | |
5.32% | |
5.23% | |
5.34% | |
5.52% | |
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当前经营租赁负债 |
2.08% | |
2.11% | |
2.13% | |
2.15% | |
2.26% | |
2.20% | |
2.18% | |
2.21% | |
2.27% | |
2.18% | |
2.19% | |
2.32% | |
2.66% | |
2.77% | |
2.79% | |
2.99% | |
2.85% | |
2.73% | |
2.64% | |
2.68% | |
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|
其他应计负债 |
4.34% | |
4.07% | |
4.25% | |
4.15% | |
4.61% | |
4.21% | |
4.28% | |
3.89% | |
4.16% | |
3.39% | |
5.05% | |
3.17% | |
3.90% | |
3.49% | |
5.35% | |
3.58% | |
3.56% | |
3.55% | |
3.71% | |
3.64% | |
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|
流动负债 |
34.99% |
|
37.10% |
|
36.15% |
|
36.82% |
|
33.22% |
|
32.96% |
|
33.50% |
|
32.44% |
|
28.59% |
|
27.67% |
|
29.70% |
|
25.25% |
|
26.72% |
|
26.42% |
|
27.89% |
|
32.80% |
|
30.52% |
|
31.97% |
|
32.47% |
|
32.65% |
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|
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长期债务和融资租赁，扣除当前到期日 |
46.42% | |
45.23% | |
45.75% | |
47.29% | |
50.05% | |
51.29% | |
51.44% | |
52.61% | |
53.52% | |
52.67% | |
51.34% | |
54.26% | |
48.05% | |
47.91% | |
44.46% | |
36.81% | |
35.76% | |
35.35% | |
35.17% | |
33.99% | |
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养老金和退休后福利 |
4.83% | |
4.46% | |
4.01% | |
4.10% | |
4.38% | |
6.90% | |
7.00% | |
7.29% | |
7.60% | |
9.49% | |
9.15% | |
9.85% | |
11.40% | |
10.05% | |
9.33% | |
10.43% | |
10.09% | |
9.17% | |
9.10% | |
10.72% | |
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|
忠诚计划责任 |
9.32% | |
8.88% | |
8.75% | |
8.81% | |
9.23% | |
9.21% | |
9.11% | |
9.19% | |
9.39% | |
9.36% | |
9.21% | |
10.28% | |
11.55% | |
11.22% | |
10.24% | |
9.83% | |
9.04% | |
8.70% | |
8.47% | |
8.58% | |
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非流动经营租赁负债 |
10.23% | |
9.63% | |
9.67% | |
9.47% | |
10.14% | |
9.42% | |
9.29% | |
9.69% | |
9.94% | |
9.60% | |
9.26% | |
9.82% | |
10.93% | |
10.65% | |
10.80% | |
12.36% | |
12.37% | |
12.32% | |
12.62% | |
12.81% | |
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其他责任 |
2.47% | |
2.52% | |
2.19% | |
2.15% | |
1.94% | |
2.05% | |
2.05% | |
2.04% | |
2.00% | |
2.08% | |
1.93% | |
2.12% | |
2.42% | |
2.56% | |
2.19% | |
2.28% | |
2.42% | |
2.22% | |
2.21% | |
2.30% | |
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|
非流动负债 |
73.26% |
|
70.71% |
|
70.37% |
|
71.82% |
|
75.74% |
|
78.88% |
|
78.89% |
|
80.82% |
|
82.45% |
|
83.19% |
|
80.88% |
|
86.32% |
|
84.35% |
|
82.39% |
|
77.02% |
|
71.70% |
|
69.68% |
|
67.76% |
|
67.56% |
|
68.39% |
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|
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负债合计 |
108.25% |
|
107.82% |
|
106.52% |
|
108.64% |
|
108.96% |
|
111.84% |
|
112.39% |
|
113.26% |
|
111.04% |
|
110.87% |
|
110.58% |
|
111.57% |
|
111.07% |
|
108.81% |
|
104.91% |
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104.50% |
|
100.20% |
|
99.74% |
|
100.04% |
|
101.05% |
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|
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普通股，面值 0.01 美元 |
0.01% | |
0.01% | |
0.01% | |
0.01% | |
0.01% | |
0.01% | |
0.01% | |
0.01% | |
0.01% | |
0.01% | |
0.01% | |
0.01% | |
0.01% | |
0.01% | |
0.01% | |
0.01% | |
0.01% | |
0.01% | |
0.01% | |
0.01% | |
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|
额外实收资本 |
11.69% | |
11.19% | |
10.88% | |
10.92% | |
11.27% | |
10.92% | |
10.68% | |
10.75% | |
10.88% | |
10.55% | |
9.94% | |
10.17% | |
11.12% | |
8.65% | |
8.33% | |
6.59% | |
6.58% | |
6.88% | |
7.08% | |
7.19% | |
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|
累计其他综合亏损 |
-7.76% | |
-7.29% | |
-6.76% | |
-6.84% | |
-7.08% | |
-8.79% | |
-8.67% | |
-8.78% | |
-8.94% | |
-10.17% | |
-9.66% | |
-10.25% | |
-11.45% | |
-10.32% | |
-10.01% | |
-11.06% | |
-10.55% | |
-9.72% | |
-9.56% | |
-9.72% | |
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|
留存收益（赤字） |
-12.19% | |
-11.73% | |
-10.65% | |
-12.73% | |
-13.15% | |
-13.97% | |
-14.42% | |
-15.24% | |
-13.00% | |
-11.26% | |
-10.87% | |
-11.50% | |
-10.75% | |
-7.15% | |
-3.24% | |
-0.04% | |
3.77% | |
3.10% | |
2.44% | |
1.48% | |
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|
股东权益（赤字） |
-8.25% |
|
-7.82% |
|
-6.52% |
|
-8.64% |
|
-8.96% |
|
-11.84% |
|
-12.39% |
|
-13.26% |
|
-11.04% |
|
-10.87% |
|
-10.58% |
|
-11.57% |
|
-11.07% |
|
-8.81% |
|
-4.91% |
|
-4.50% |
|
-0.20% |
|
0.26% |
|
-0.04% |
|
-1.05% |
|
|
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负债总额和股东权益（赤字） |
100.00% |
|
100.00% |
|
100.00% |
|
100.00% |
|
100.00% |
|
100.00% |
|
100.00% |
|
100.00% |
|
100.00% |
|
100.00% |
|
100.00% |
|
100.00% |
|
100.00% |
|
100.00% |
|
100.00% |
|
100.00% |
|
100.00% |
|
100.00% |
|
100.00% |
|
100.00% |
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根据报告：
10-K (报告日期： 2023-12-31), 10-Q (报告日期： 2023-09-30), 10-Q (报告日期： 2023-06-30), 10-Q (报告日期： 2023-03-31), 10-K (报告日期： 2022-12-31), 10-Q (报告日期： 2022-09-30), 10-Q (报告日期： 2022-06-30), 10-Q (报告日期： 2022-03-31), 10-K (报告日期： 2021-12-31), 10-Q (报告日期： 2021-09-30), 10-Q (报告日期： 2021-06-30), 10-Q (报告日期： 2021-03-31), 10-K (报告日期： 2020-12-31), 10-Q (报告日期： 2020-09-30), 10-Q (报告日期： 2020-06-30), 10-Q (报告日期： 2020-03-31), 10-K (报告日期： 2019-12-31), 10-Q (报告日期： 2019-09-30), 10-Q (报告日期： 2019-06-30), 10-Q (报告日期： 2019-03-31).
从整体趋势来看，该企业的财务结构在持续发生变化，特别是在负债结构和股东权益方面呈现出一些显著的演变。其中，长期债务在总负债中的比重逐渐增加，特别是在2020年及之后，长期债务占比由2019年的约34%的水平上升到2023年的约45%以上，显示出企业逐步加重长期融资的依赖。这可能是出于应对短期偿债压力或优化财务结构的策略。
短期债务的比例（包括“长期债务和融资租赁的当前到期日”及“流动负债”）相对波动，但整体上总负债的流动性风险得到一定控制。2020年第二季度至第四季度，流动负债占比有所下降，随后逐步回升，但总体仍维持在较低水平（大约25%至37%之间），说明短期偿债压力较为控制在一定范围内。
在负债质量方面，“非流动负债”占比持续走高，从2019年的约68%，逐步升至2022年底的约78%，这表明公司在不流动负债方面的杠杆增加。同时，“负债总额“占比略有变动，但整体维持在100%以上，反映出财务结构的持续调整及采取加杠杆策略的倾向。
在权益方面，“留存收益”和“累计其他综合亏损”呈现出一定的波动。留存收益在部分季度出现负值，特别是在2020年和2021年的部分期间，显示出企业在这一期间的盈利能力受到冲击，亏损情况明显。同时，权益的绝对值在持续减弱，负债权益比率高企，特别是在2020年及之后的亏损累积期，股东权益有所负化。
“额外实收资本”在整体占比中保持稳定，略有上升趋势，显示出企业可能通过发行新股或增资以增强资本金。此外，“其他责任”保持相对稳定，表明企业其他负债类别没有剧烈变化，而“养老金和退休后福利”责任逐年下降，显示出对退休责任的管理逐渐改善或调整已到达一定平衡点。
值得注意的是，“应付账款”比重相对较低，但在2020年及之后出现了一定的上升，反映出公司在应付供应商的债务管理上有所调整。收入和成本结构变动的背景，是财务数值变化背后重要的驱动因素，尤其是在疫情影响下的经营波动中，企业负债压力有所增强，亏损持续，权益不断受到侵蚀，也可能影响企业的偿债能力和资本结构优化策略。
总体来看，企业的财务结构在疫情期间经历了较大的调整，杠杆水平有所提升，盈利能力受到影响，权益逐步减弱。而在未来，供应链管理、财务杠杆控制以及盈利水平的改善，将是影响该企业财务稳定性和持续发展的关键因素。
