Financials & economic performance in Data
Data on financials (revenue, income, expenses), economic value generated and distributed, and shareholder value.
Operating revenue
|
2021 |
2020 |
2019 |
Operating revenue (GAAP) |
24,634 |
15,355 |
43,259 |
Operating expense
|
2021 |
2020 |
2019 |
Operating expense (GAAP) |
25,656 |
21,714 |
38,958 |
Less: Special charges (A) |
3,367 |
2,616 |
−246 |
Equals: Operating expense, excluding special operating expense (non-GAAP) |
29,023 |
24,330 |
38,712 |
Less: Employee salaries and related costs |
−9,566 |
−9,522 |
−12,071 |
Equals: Non-labor operating costs |
19,457 |
14,808 |
26,641 |
Operating income
|
2021 |
2020 |
2019 |
Operating income (GAAP) |
1,022 |
−6,359 |
4,301 |
Less: Operating expense: special charges (A) |
−3,367 |
−2,616 |
246 |
Equals: Operating income, excluding special operating expense (non-GAAP) |
−4,389 |
−8,975 |
4,547 |
Net income
|
2021 |
2020 |
2019 |
Net income (GAAP) |
−1,964 |
−7,069 |
3,009 |
Add/less: Operating and nonoperating expenses: special charges, net of income taxes |
−2,524 |
−634 |
72 |
Add/less: Economic hedge adjustment: Prior period gains/losses on fuel contracts settled in the current period |
0 |
0 |
0 |
Add/less: Interest expense on ERJ145 finance lease |
0 |
0 |
64 |
Add/less: Income tax benefit related to adjustments on ERJ145 leases |
0 |
0 |
−35 |
Equals: Adjusted net income (non-GAAP) |
−4,488 |
−7,703 |
3,110 |
Special charges (operating expenses)
|
2021 |
2020 |
2019 |
Total |
−3,367 |
−2,616 |
246 |
Severance and benefit costs |
438 |
575 |
16 |
Impairment of assets |
97 |
318 |
171 |
Termination of engine maintenance service agreement |
0 |
0 |
0 |
Labor agreement costs |
0 |
0 |
0 |
Cleveland airport lease restructuring |
0 |
0 |
0 |
Sale of assets and other special gains/losses, net |
119 |
27 |
59 |
CARES Act grant |
−4,021 |
−3,536 |
0 |
Special charges (nonoperating expenses)
|
2021 |
2020 |
2019 |
Total, net of income taxes |
843 |
1,982 |
−174 |
Unrealized (gains) losses on investments, net |
34 |
194 |
−153 |
Loss on extinguishment of debt and other |
50 |
0 |
0 |
Nonoperating credit loss on BRW Term Loan and related guarantee |
0 |
697 |
0 |
Nonoperating special termination benefits and settlement losses |
31 |
687 |
0 |
Income tax benefit related to special charges |
728 |
404 |
−21 |
Income tax benefit associated with special tax adjustment |
0 |
0 |
0 |
Special charges (total)
|
2021 |
2020 |
2019 |
Total operating and nonoperating charges, net |
−2,524 |
−634 |
72 |
Direct economic value generated
|
2021 |
2020 1 |
2019 1 |
Revenue |
24,634 |
15,355 |
43,259 |
Economic value distributed
|
2021 |
2020 |
2019 |
Non-labor operating costs1 |
16,090 |
12,190 |
26,887 |
Employee salaries and related costs |
9,566 |
9,522 |
12,071 |
Payments to providers of capital |
1,657 |
1,063 |
731 |
Economic value retained
|
2021 |
2020 |
2019 |
Net income1 |
−1,964 |
−7,069 |
3,009 |
Operating income1 |
−1,022 |
−6,359 |
4,301 |
Shareholder value
|
2021 |
2020 |
2019 |
Share price at Dec. 31 |
44 |
43 |
88 |
Share price range |
62.45–39.06 |
90.57–17.80 |
96.03–77.02 |
Footnotes