FN2 Earnings Intelligence
United Airlines Holdings, Inc. cash flow
United Airlines Holdings, Inc. (UAL) Cash Flow (annual) derived from persisted SEC financial facts.
Key Stats
USD in millions, except per-share values and percentages.
| Metric | 12/31/2021 | 12/31/2022 | 12/31/2023 | 12/31/2024 | 12/31/2025 | 12/31/2026 est. | 12/31/2027 est. |
|---|---|---|---|---|---|---|---|
| Market Cap | - | - | - | - | - | - | - |
| - Cash | $18,283 | $7,166 | $6,058 | $8,769 | $5,942 | - | - |
| + Debt | - | - | - | - | - | - | - |
| Enterprise Value | - | - | - | - | - | - | - |
| Revenue | $24,634 | $44,955 | $53,717 | $57,063 | $59,070 | $67,864.6 | $71,154.3 |
| % Growth | 60.4% | 82.5% | 19.5% | 6.2% | 3.5% | 14.9% | 4.8% |
| Gross Profit | - | - | - | - | - | - | - |
| % Margin | - | - | - | - | - | - | - |
| EBITDA | $1,463 | $4,793 | $6,882 | $8,024 | $7,652 | - | - |
| % Margin | 5.9% | 10.7% | 12.8% | 14.1% | 13.0% | - | - |
| Net Income | -$1,964 | $737 | $2,618 | $3,149 | $3,353 | - | - |
| % Margin | -8.0% | 1.6% | 4.9% | 5.5% | 5.7% | - | - |
| Diluted EPS | -$6.10 | $2.23 | $7.89 | $9.45 | $10.20 | $10.43 | $15.47 |
| % Growth | 75.9% | 136.6% | 253.8% | 19.8% | 7.9% | 2.3% | 48.3% |
| Operating Cash Flow | $2,067 | $6,066 | $6,911 | $9,445 | $8,431 | - | - |
| CapEx | $2,107 | $4,819 | $7,171 | $5,615 | $5,874 | - | - |
| Free Cash Flow | -$40 | $1,247 | -$260 | $3,830 | $2,557 | - | - |
Historical market capitalization is not persisted, so Market Cap and Enterprise Value remain unavailable rather than mixing today's market value into prior periods.
Income Statement
USD in millions, except per-share values and percentages.
| Metric | 12/31/2021 | 12/31/2022 | 12/31/2023 | 12/31/2024 | 12/31/2025 | 12/31/2026 est. | 12/31/2027 est. |
|---|---|---|---|---|---|---|---|
| Revenue | $24,634 | $44,955 | $53,717 | $57,063 | $59,070 | $67,864.6 | $71,154.3 |
| Gross Profit | - | - | - | - | - | - | - |
| EBITDA | $1,463 | $4,793 | $6,882 | $8,024 | $7,652 | - | - |
| Net Income | -$1,964 | $737 | $2,618 | $3,149 | $3,353 | - | - |
| Diluted EPS | -$6.10 | $2.23 | $7.89 | $9.45 | $10.20 | $10.43 | $15.47 |
Balance Sheet
USD in millions, except per-share values and percentages.
| Metric | 12/31/2021 | 12/31/2022 | 12/31/2023 | 12/31/2024 | 12/31/2025 |
|---|---|---|---|---|---|
| Cash & Equivalents | $18,283 | $7,166 | $6,058 | $8,769 | $5,942 |
| Short-term Debt | - | - | - | - | - |
| Long-term Debt | $30,361 | $28,283 | $25,057 | $21,680 | $17,170 |
| Total Debt | - | - | - | - | - |
Cash Flow
USD in millions, except per-share values and percentages.
| Metric | 12/31/2021 | 12/31/2022 | 12/31/2023 | 12/31/2024 | 12/31/2025 |
|---|---|---|---|---|---|
| Operating Cash Flow | $2,067 | $6,066 | $6,911 | $9,445 | $8,431 |
| Capital Expenditure | $2,107 | $4,819 | $7,171 | $5,615 | $5,874 |
| Free Cash Flow | -$40 | $1,247 | -$260 | $3,830 | $2,557 |
Ratios
USD in millions, except per-share values and percentages.
| Metric | 12/31/2021 | 12/31/2022 | 12/31/2023 | 12/31/2024 | 12/31/2025 |
|---|---|---|---|---|---|
| Revenue Growth | 60.4% | 82.5% | 19.5% | 6.2% | 3.5% |
| Gross Margin | - | - | - | - | - |
| EBITDA Margin | 5.9% | 10.7% | 12.8% | 14.1% | 13.0% |
| Net Margin | -8.0% | 1.6% | 4.9% | 5.5% | 5.7% |
| FCF Margin | -0.2% | 2.8% | -0.5% | 6.7% | 4.3% |
| Diluted EPS Growth | 75.9% | 136.6% | 253.8% | 19.8% | 7.9% |