Alaska Free Cash Flow vs Other Non Cash Items Analysis

0HC3 Stock

52.80 0.37 0.70%

Alaska Air financial indicator trend analysis is way more than just evaluating Alaska Air Group prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Alaska Air Group is a good investment. Please check the relationship between Alaska Air Free Cash Flow and its Other Non Cash Items accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Alaska Air Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

Free Cash Flow vs Other Non Cash Items

Free Cash Flow vs Other Non Cash Items Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Alaska Air Group Free Cash Flow account and Other Non Cash Items. At this time, the significance of the direction appears to have significant contrarian relationship.

The correlation between Alaska Air's Free Cash Flow and Other Non Cash Items is -0.22. Overlapping area represents the amount of variation of Free Cash Flow that can explain the historical movement of Other Non Cash Items in the same time period over historical financial statements of Alaska Air Group, assuming nothing else is changed. The correlation between historical values of Alaska Air's Free Cash Flow and Other Non Cash Items is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Free Cash Flow of Alaska Air Group are associated (or correlated) with its Other Non Cash Items. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Non Cash Items has no effect on the direction of Free Cash Flow i.e., Alaska Air's Free Cash Flow and Other Non Cash Items go up and down completely randomly.

Correlation Coefficient

-0.22

Relationship Direction	Negative
Relationship Strength	Insignificant

View All Relationships

Free Cash Flow

The amount of cash a company generates after accounting for cash outflows to support operations and maintain its capital assets.

Other Non Cash Items

Most indicators from Alaska Air's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Alaska Air Group current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Alaska Air Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

Selling General Administrative is likely to gain to about 3.1 B in 2024, whereas Tax Provision is likely to drop slightly above 74.6 M in 2024.

	2021	2022	2023	2024 (projected)
Total Revenue	6.2B	9.6B	10.4B	10.9B
Depreciation And Amortization	394M	415M	451M	473.6M

Total Revenue Depreciation And Amortization

Alaska Air fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Short Term Debt	Intangible Assets	Accounts Payable	Current Deferred Revenue	Short Term Investments	Common Stock
Total Assets		0.94	0.51	0.99	0.94	0.98	0.96	0.92	0.22	0.99	0.26	0.66	0.89	0.22	0.98	0.78	0.29	-0.64	0.99	0.71	0.43	0.77	0.71	0.97	0.69	-0.49
Short Long Term Debt Total	0.94		0.37	0.94	0.79	0.89	0.96	0.8	0.43	0.92	0.21	0.75	0.87	0.09	0.97	0.62	0.23	-0.62	0.97	0.78	0.57	0.82	0.67	0.9	0.7	-0.42
Other Current Liab	0.51	0.37		0.57	0.5	0.59	0.43	0.41	-0.16	0.45	0.07	0.0	0.32	0.23	0.43	0.84	0.64	-0.1	0.49	0.07	0.26	0.56	0.23	0.57	0.09	-0.17
Total Current Liabilities	0.99	0.94	0.57		0.89	0.97	0.94	0.86	0.27	0.96	0.25	0.68	0.86	0.23	0.97	0.82	0.35	-0.56	0.99	0.72	0.5	0.85	0.71	0.98	0.7	-0.46
Total Stockholder Equity	0.94	0.79	0.5	0.89		0.95	0.88	0.98	-0.06	0.96	0.34	0.49	0.83	0.25	0.89	0.77	0.17	-0.69	0.89	0.55	0.18	0.56	0.63	0.9	0.59	-0.58
Property Plant And Equipment Net	0.98	0.89	0.59	0.97	0.95		0.92	0.93	0.14	0.98	0.26	0.55	0.82	0.24	0.95	0.85	0.35	-0.61	0.97	0.6	0.38	0.73	0.69	0.96	0.6	-0.48
Net Debt	0.96	0.96	0.43	0.94	0.88	0.92		0.89	0.21	0.95	0.37	0.66	0.88	0.01	0.97	0.66	0.13	-0.7	0.96	0.69	0.44	0.78	0.71	0.93	0.65	-0.61
Retained Earnings	0.92	0.8	0.41	0.86	0.98	0.93	0.89		-0.03	0.95	0.37	0.51	0.84	0.16	0.89	0.68	0.05	-0.8	0.88	0.55	0.15	0.52	0.61	0.87	0.57	-0.62
Cash	0.22	0.43	-0.16	0.27	-0.06	0.14	0.21	-0.03		0.17	0.05	0.53	0.28	0.16	0.34	-0.06	0.27	0.1	0.31	0.5	0.6	0.37	0.12	0.15	0.33	0.1
Non Current Assets Total	0.99	0.92	0.45	0.96	0.96	0.98	0.95	0.95	0.17		0.31	0.62	0.87	0.18	0.98	0.75	0.22	-0.69	0.97	0.66	0.35	0.7	0.72	0.96	0.65	-0.53
Non Currrent Assets Other	0.26	0.21	0.07	0.25	0.34	0.26	0.37	0.37	0.05	0.31		0.16	0.34	-0.15	0.36	0.11	-0.26	-0.21	0.23	0.14	0.06	0.18	0.21	0.26	0.16	-0.92
Cash And Short Term Investments	0.66	0.75	0.0	0.68	0.49	0.55	0.66	0.51	0.53	0.62	0.16		0.76	0.34	0.69	0.28	0.0	-0.38	0.7	0.99	0.6	0.65	0.51	0.58	0.94	-0.28
Net Receivables	0.89	0.87	0.32	0.86	0.83	0.82	0.88	0.84	0.28	0.87	0.34	0.76		0.19	0.89	0.52	0.08	-0.66	0.88	0.79	0.38	0.69	0.56	0.83	0.76	-0.54
Common Stock Shares Outstanding	0.22	0.09	0.23	0.23	0.25	0.24	0.01	0.16	0.16	0.18	-0.15	0.34	0.19		0.13	0.38	0.47	0.23	0.2	0.39	0.07	0.01	-0.07	0.11	0.46	0.18
Non Current Liabilities Total	0.98	0.97	0.43	0.97	0.89	0.95	0.97	0.89	0.34	0.98	0.36	0.69	0.89	0.13		0.7	0.24	-0.63	0.99	0.73	0.48	0.79	0.72	0.95	0.68	-0.55
Inventory	0.78	0.62	0.84	0.82	0.77	0.85	0.66	0.68	-0.06	0.75	0.11	0.28	0.52	0.38	0.7		0.61	-0.24	0.77	0.36	0.32	0.69	0.54	0.83	0.41	-0.27
Other Current Assets	0.29	0.23	0.64	0.35	0.17	0.35	0.13	0.05	0.27	0.22	-0.26	0.0	0.08	0.47	0.24	0.61		0.38	0.31	0.08	0.23	0.4	0.24	0.35	0.1	0.34
Other Stockholder Equity	-0.64	-0.62	-0.1	-0.56	-0.69	-0.61	-0.7	-0.8	0.1	-0.69	-0.21	-0.38	-0.66	0.23	-0.63	-0.24	0.38		-0.61	-0.38	0.0	-0.29	-0.4	-0.57	-0.34	0.5
Total Liab	0.99	0.97	0.49	0.99	0.89	0.97	0.96	0.88	0.31	0.97	0.23	0.7	0.88	0.2	0.99	0.77	0.31	-0.61		0.74	0.5	0.82	0.71	0.97	0.7	-0.44
Total Current Assets	0.71	0.78	0.07	0.72	0.55	0.6	0.69	0.55	0.5	0.66	0.14	0.99	0.79	0.39	0.73	0.36	0.08	-0.38	0.74		0.57	0.67	0.56	0.63	0.95	-0.28
Short Term Debt	0.43	0.57	0.26	0.5	0.18	0.38	0.44	0.15	0.6	0.35	0.06	0.6	0.38	0.07	0.48	0.32	0.23	0.0	0.5	0.57		0.7	0.27	0.41	0.46	-0.06
Intangible Assets	0.77	0.82	0.56	0.85	0.56	0.73	0.78	0.52	0.37	0.7	0.18	0.65	0.69	0.01	0.79	0.69	0.4	-0.29	0.82	0.67	0.7		0.68	0.84	0.63	-0.3
Accounts Payable	0.71	0.67	0.23	0.71	0.63	0.69	0.71	0.61	0.12	0.72	0.21	0.51	0.56	-0.07	0.72	0.54	0.24	-0.4	0.71	0.56	0.27	0.68		0.78	0.59	-0.32
Current Deferred Revenue	0.97	0.9	0.57	0.98	0.9	0.96	0.93	0.87	0.15	0.96	0.26	0.58	0.83	0.11	0.95	0.83	0.35	-0.57	0.97	0.63	0.41	0.84	0.78		0.63	-0.46
Short Term Investments	0.69	0.7	0.09	0.7	0.59	0.6	0.65	0.57	0.33	0.65	0.16	0.94	0.76	0.46	0.68	0.41	0.1	-0.34	0.7	0.95	0.46	0.63	0.59	0.63		-0.29
Common Stock	-0.49	-0.42	-0.17	-0.46	-0.58	-0.48	-0.61	-0.62	0.1	-0.53	-0.92	-0.28	-0.54	0.18	-0.55	-0.27	0.34	0.5	-0.44	-0.28	-0.06	-0.3	-0.32	-0.46	-0.29

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Alaska Air Account Relationship Matchups

Alaska Air fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	14.0B	15.2B	15.0B	15.3B	15.8B	16.6B
Short Long Term Debt Total	3.2B	5.1B	4.1B	3.8B	3.8B	4.0B
Other Current Liab	896M	941M	1.1B	1.5B	3.7B	3.9B
Total Current Liabilities	3.2B	4.3B	4.0B	4.5B	4.5B	4.7B
Total Stockholder Equity	4.3B	3.0B	3.8B	3.8B	4.1B	4.3B
Property Plant And Equipment Net	8.6B	7.6B	7.6B	8.7B	9.6B	10.1B
Net Debt	3.0B	3.7B	3.6B	3.4B	3.5B	3.7B
Retained Earnings	5.1B	3.8B	4.2B	4.3B	4.5B	4.8B
Cash	221M	1.4B	470M	338M	281M	280.5M
Non Current Assets Total	12.0B	11.2B	11.0B	12.3B	11.9B	12.5B
Non Currrent Assets Other	262M	359M	362M	331M	290M	304.5M
Cash And Short Term Investments	1.5B	3.3B	3.1B	2.4B	1.8B	967.3M
Net Receivables	323M	480M	546M	296M	383M	402.2M
Common Stock Shares Outstanding	124.3M	123.5M	126.8M	127.9M	128.7M	118.0M
Liabilities And Stockholders Equity	14.0B	15.2B	15.0B	15.3B	14.6B	15.3B
Non Current Liabilities Total	6.5B	7.9B	7.2B	7.0B	7.3B	7.6B
Other Current Assets	120M	123M	196M	215M	409M	429.5M
Other Stockholder Equity	(338M)	(283M)	(180M)	(97M)	(124M)	(117.8M)
Total Liab	9.7B	12.2B	11.2B	11.5B	11.7B	12.3B
Total Current Assets	2.0B	4.0B	3.9B	3.0B	2.7B	1.4B
Accumulated Other Comprehensive Income	(465M)	(494M)	(262M)	(388M)	(299M)	(314.0M)
Short Term Debt	509M	1.4B	640M	504M	511M	536.6M
Intangible Assets	122M	2.1B	2.0B	2.0B	2.0B	2.1B
Accounts Payable	146M	108M	200M	221M	207M	113.9M
Current Deferred Revenue	1.7B	1.8B	2.1B	2.3B	2.4B	2.5B
Short Term Investments	1.3B	2.0B	2.6B	2.1B	1.5B	1.0B
Other Assets	809M	962M	780M	1.0B	1.2B	882.7M
Other Liab	2.8B	3.1B	2.7B	2.6B	3.0B	3.0B
Net Tangible Assets	2.3B	938M	1.8B	1.8B	2.0B	1.8B
Long Term Debt	1.6B	1.3B	2.4B	2.2B	2.5B	2.1B
Capital Surpluse	232M	305M	391M	494M	568.1M	348.9M
Property Plant Equipment	8.1B	7.0B	7.2B	8.1B	9.3B	7.8B

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Alaska Free Cash Flow vs Other Non Cash Items Analysis

Free Cash Flow vs Other Non Cash Items

Free Cash Flow vs Other Non Cash Items Correlation Analysis

Correlation Coefficient

Free Cash Flow

Other Non Cash Items

Alaska Air fundamental ratios Correlations

Alaska Air Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Alaska Air fundamental ratios Accounts

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Total Current Liabilities	+ 0.99	Total Assets
Non Current Assets Total	+ 0.99	Total Assets
Total Liab	+ 0.99	Total Assets
Total Liab	+ 0.99	Total Current Liabilities
Total Current Assets	+ 0.99	Cash And Short Term Investments
Total Liab	+ 0.99	Non Current Liabilities Total

Common Stock	- 0.92	Non Currrent Assets Other
Other Stockholder Equity	- 0.8	Retained Earnings
Other Stockholder Equity	- 0.7	Net Debt
Other Stockholder Equity	- 0.69	Non Current Assets Total
Other Stockholder Equity	- 0.69	Total Stockholder Equity
Other Stockholder Equity	- 0.66	Net Receivables