Table of Contents AMERICAN AIRLINES GROUP INC. CONSOLIDATED BALANCE SHEETS (In millions, except share and par value) December 31, 2020 2019 ASSETS Current assets Cash $ 245  $ 280  Short-term investments 6,619  3,546  Restricted cash and short-term investments 609  158  Accounts receivable, net 1,342  1,750  Aircraft fuel, spare parts and supplies, net 1,614  1,851  Prepaid expenses and other 666  621  Total current assets 11,095  8,206  Operating property and equipment Flight equipment 37,816  42,537  Ground property and equipment 9,194  9,443  Equipment purchase deposits 1,446  1,674  Total property and equipment, at cost 48,456  53,654  Less accumulated depreciation and amortization (16,757) (18,659) Total property and equipment, net 31,699  34,995  Operating lease right-of-use assets 8,039  8,737  Other assets Goodwill 4,091  4,091  Intangibles, net of accumulated amortization of $745 and $704, respectively 2,029  2,084  Deferred tax asset 3,239  645  Other assets 1,816  1,237  Total other assets 11,175  8,057  Total assets $ 62,008  $ 59,995  LIABILITIES AND STOCKHOLDERS’ EQUITY (DEFICIT) Current liabilities Current maturities of long-term debt and finance leases $ 2,797  $ 2,861  Accounts payable 1,196  2,062  Accrued salaries and wages 1,716  1,541  Air traffic liability 4,757  4,808  Loyalty program liability 2,033  3,193  Operating lease liabilities 1,651  1,708  Other accrued liabilities 2,419  2,138  Total current liabilities 16,569  18,311  Noncurrent liabilities Long-term debt and finance leases, net of current maturities 29,796  21,454  Pension and postretirement benefits 7,069  6,052  Loyalty program liability 7,162  5,422  Operating lease liabilities 6,777  7,421  Other liabilities 1,502  1,453  Total noncurrent liabilities 52,306  41,802  Commitments and contingencies (Note 12) Stockholders' equity (deficit) Common stock, $0.01 par value; 1,750,000,000 shares authorized, 621,479,522 shares issued and outstanding at December 31, 2020; 428,202,506 shares issued and outstanding at December 31, 2019 6  4  Additional paid-in capital 6,894  3,945  Accumulated other comprehensive loss (7,103) (6,331) Retained earnings (deficit) (6,664) 2,264  Total stockholders' deficit (6,867) (118) Total liabilities and stockholders’ equity (deficit) $ 62,008  $ 59,995  See accompanying notes to consolidated financial statements. 93