AMERICAN AIRLINES GROUP INC. CONSOLIDATED BALANCE SHEETS (In millions, except shares and par value) December 31, 2018 2017 ASSETS Current assets Cash $ 275 $ 295 Short-term investments 4,485 4,771 Restricted cash and short-term investments 154 318 Accounts receivable, net 1,706 1,752 Aircraft fuel, spare parts and supplies, net 1,522 1,359 Prepaid expenses and other 495 651 Total current assets 8,637 9,146 Operating property and equipment Flight equipment 41,499 40,318 Ground property and equipment 8,764 8,267 Equipment purchase deposits 1,278 1,217 Total property and equipment, at cost 51,541 49,802 Less accumulated depreciation and amortization (17,443 ) (15,646 ) Total property and equipment, net 34,098 34,156 Operating lease right-of-use assets 9,151 — Other assets Goodwill 4,091 4,091 Intangibles, net of accumulated amortization of $663 and $622, respectively 2,137 2,203 Deferred tax asset 1,145 1,816 Other assets 1,321 1,373 Total other assets 8,694 9,483 Total assets $ 60,580 $ 52,785 LIABILITIES AND STOCKHOLDERS’ EQUITY (DEFICIT) Current liabilities Current maturities of long-term debt and finance leases $ 3,294 $ 2,554 Accounts payable 1,773 1,688 Accrued salaries and wages 1,427 1,672 Air traffic liability 4,339 4,042 Loyalty program liability 3,267 3,121 Operating lease liabilities 1,654 — Other accrued liabilities 2,342 2,281 Total current liabilities 18,096 15,358 Noncurrent liabilities Long-term debt and finance leases, net of current maturities 21,179 22,511 Pension and postretirement benefits 6,907 7,497 Loyalty program liability 5,272 5,701 Operating lease liabilities 7,902 — Other liabilities 1,393 2,498 Total noncurrent liabilities 42,653 38,207 Commitments and contingencies (Note 12) Stockholders' equity (deficit) Common stock, $0.01 par value; 1,750,000,000 shares authorized, 460,610,870 shares issued and outstanding at December 31, 2018; 475,507,887 shares issued and outstanding at December 31, 2017 5 5 Additional paid-in capital 4,964 5,714 Accumulated other comprehensive loss (5,274) (5,154) Retained earnings (deficit) 136 (1,345 ) Total stockholders' deficit (169) (780) Total liabilities and stockholders’ equity (deficit) $ 60,580 $ 52,785 See accompanying notes to consolidated financial statements. 83