Alaska Free Cash Flow vs Depreciation Analysis

ALK Stock

USD 65.83 1.19 1.78%

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 Depreciation 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 bureau of economic analysis.

Free Cash Flow vs Depreciation

Free Cash Flow vs Depreciation 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 Depreciation. At this time, the significance of the direction appears to have weak contrarian relationship.

The correlation between Alaska Air's Free Cash Flow and Depreciation is -0.09. Overlapping area represents the amount of variation of Free Cash Flow that can explain the historical movement of Depreciation 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 Depreciation 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 Depreciation. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Depreciation has no effect on the direction of Free Cash Flow i.e., Alaska Air's Free Cash Flow and Depreciation go up and down completely randomly.

Correlation Coefficient

-0.09

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.

Depreciation

Depreciation indicates how much of Alaska Air Group value has been used up. For tax purposes Alaska Air can deduct the cost of the tangible assets it purchases as business expenses. However, Alaska Air Group must depreciate these assets in accordance with IRS rules about how and when the deduction may be taken, and how long it will last. The systematic allocation of the cost of a tangible asset over its useful life.

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 bureau of economic analysis.

At this time, Alaska Air's Tax Provision is quite stable compared to the past year. Sales General And Administrative To Revenue is expected to rise to 0.30 this year, although the value of Selling General Administrative will most likely fall to about 292.6 M.

	2021	2022	2023	2024 (projected)
Total Operating Expenses	680M	1.0B	2.1B	1.6B
Cost Of Revenue	4.8B	8.0B	8.0B	8.4B

Total Operating Expenses Cost Of Revenue

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	Property Plant And Equipment Gross	Total Current Assets	Short Term Debt	Intangible Assets	Accounts Payable	Current Deferred Revenue	Common Stock Total Equity
Total Assets		0.93	0.92	0.99	0.94	0.99	0.96	0.92	0.2	0.99	0.36	0.63	0.88	0.23	0.99	0.82	0.03	-0.64	0.99	0.8	0.67	0.71	0.72	0.69	0.59	-0.55
Short Long Term Debt Total	0.93		0.86	0.94	0.78	0.87	0.95	0.79	0.45	0.89	0.4	0.75	0.87	0.1	0.96	0.62	-0.07	-0.61	0.95	0.77	0.77	0.86	0.64	0.68	0.62	-0.52
Other Current Liab	0.92	0.86		0.94	0.77	0.9	0.91	0.74	0.29	0.91	0.12	0.52	0.74	0.15	0.93	0.84	-0.24	-0.47	0.94	0.89	0.56	0.73	0.73	0.58	0.35	-0.46
Total Current Liabilities	0.99	0.94	0.94		0.89	0.97	0.96	0.86	0.27	0.97	0.29	0.68	0.86	0.23	0.98	0.82	-0.05	-0.58	0.99	0.86	0.72	0.74	0.76	0.71	0.63	-0.53
Total Stockholder Equity	0.94	0.78	0.77	0.89		0.96	0.87	0.99	-0.06	0.95	0.39	0.5	0.83	0.25	0.88	0.77	0.18	-0.72	0.89	0.62	0.55	0.53	0.6	0.63	0.57	-0.59
Property Plant And Equipment Net	0.99	0.87	0.9	0.97	0.96		0.93	0.93	0.11	0.99	0.3	0.55	0.82	0.28	0.96	0.87	0.04	-0.61	0.97	0.77	0.6	0.63	0.7	0.66	0.55	-0.54
Net Debt	0.96	0.95	0.91	0.96	0.87	0.93		0.86	0.18	0.95	0.35	0.62	0.85	0.04	0.97	0.75	-0.08	-0.66	0.97	0.84	0.66	0.72	0.75	0.7	0.57	-0.54
Retained Earnings	0.92	0.79	0.74	0.86	0.99	0.93	0.86		-0.03	0.93	0.44	0.51	0.84	0.16	0.86	0.68	0.2	-0.82	0.87	0.57	0.55	0.57	0.53	0.61	0.57	-0.68
Cash	0.2	0.45	0.29	0.27	-0.06	0.11	0.18	-0.03		0.12	0.09	0.53	0.28	0.16	0.29	-0.06	-0.21	0.05	0.28	0.21	0.49	0.67	-0.01	0.12	0.13	-0.06
Non Current Assets Total	0.99	0.89	0.91	0.97	0.95	0.99	0.95	0.93	0.12		0.38	0.53	0.83	0.19	0.97	0.83	0.06	-0.66	0.97	0.78	0.58	0.64	0.71	0.69	0.53	-0.57
Non Currrent Assets Other	0.36	0.4	0.12	0.29	0.39	0.3	0.35	0.44	0.09	0.38		0.2	0.43	-0.16	0.38	0.05	0.76	-0.52	0.34	0.09	0.21	0.28	0.08	0.28	0.32	-0.35
Cash And Short Term Investments	0.63	0.75	0.52	0.68	0.5	0.55	0.62	0.51	0.53	0.53	0.2		0.76	0.34	0.64	0.28	-0.08	-0.38	0.65	0.49	0.99	0.79	0.36	0.51	0.75	-0.29
Net Receivables	0.88	0.87	0.74	0.86	0.83	0.82	0.85	0.84	0.28	0.83	0.43	0.76		0.19	0.87	0.52	0.06	-0.69	0.87	0.64	0.79	0.77	0.55	0.56	0.61	-0.63
Common Stock Shares Outstanding	0.23	0.1	0.15	0.23	0.25	0.28	0.04	0.16	0.16	0.19	-0.16	0.34	0.19		0.2	0.38	0.22	0.28	0.21	0.01	0.4	0.07	-0.02	-0.07	0.2	0.3
Non Current Liabilities Total	0.99	0.96	0.93	0.98	0.88	0.96	0.97	0.86	0.29	0.97	0.38	0.64	0.87	0.2		0.79	0.0	-0.59	1.0	0.83	0.68	0.75	0.72	0.67	0.54	-0.51
Inventory	0.82	0.62	0.84	0.82	0.77	0.87	0.75	0.68	-0.06	0.83	0.05	0.28	0.52	0.38	0.79		-0.01	-0.24	0.81	0.8	0.36	0.33	0.77	0.54	0.36	-0.24
Other Current Assets	0.03	-0.07	-0.24	-0.05	0.18	0.04	-0.08	0.2	-0.21	0.06	0.76	-0.08	0.06	0.22	0.0	-0.01		-0.18	-0.02	-0.29	-0.05	-0.18	-0.24	-0.09	0.14	-0.06
Other Stockholder Equity	-0.64	-0.61	-0.47	-0.58	-0.72	-0.61	-0.66	-0.82	0.05	-0.66	-0.52	-0.38	-0.69	0.28	-0.59	-0.24	-0.18		-0.59	-0.31	-0.37	-0.5	-0.26	-0.44	-0.43	0.85
Total Liab	0.99	0.95	0.94	0.99	0.89	0.97	0.97	0.87	0.28	0.97	0.34	0.65	0.87	0.21	1.0	0.81	-0.02	-0.59		0.84	0.7	0.75	0.74	0.69	0.58	-0.52
Property Plant And Equipment Gross	0.8	0.77	0.89	0.86	0.62	0.77	0.84	0.57	0.21	0.78	0.09	0.49	0.64	0.01	0.83	0.8	-0.29	-0.31	0.84		0.53	0.55	0.94	0.71	0.48	-0.38
Total Current Assets	0.67	0.77	0.56	0.72	0.55	0.6	0.66	0.55	0.49	0.58	0.21	0.99	0.79	0.4	0.68	0.36	-0.05	-0.37	0.7	0.53		0.78	0.41	0.56	0.75	-0.3
Short Term Debt	0.71	0.86	0.73	0.74	0.53	0.63	0.72	0.57	0.67	0.64	0.28	0.79	0.77	0.07	0.75	0.33	-0.18	-0.5	0.75	0.55	0.78		0.29	0.4	0.42	-0.4
Intangible Assets	0.72	0.64	0.73	0.76	0.6	0.7	0.75	0.53	-0.01	0.71	0.08	0.36	0.55	-0.02	0.72	0.77	-0.24	-0.26	0.74	0.94	0.41	0.29		0.78	0.55	-0.35
Accounts Payable	0.69	0.68	0.58	0.71	0.63	0.66	0.7	0.61	0.12	0.69	0.28	0.51	0.56	-0.07	0.67	0.54	-0.09	-0.44	0.69	0.71	0.56	0.4	0.78		0.7	-0.46
Current Deferred Revenue	0.59	0.62	0.35	0.63	0.57	0.55	0.57	0.57	0.13	0.53	0.32	0.75	0.61	0.2	0.54	0.36	0.14	-0.43	0.58	0.48	0.75	0.42	0.55	0.7		-0.38
Common Stock Total Equity	-0.55	-0.52	-0.46	-0.53	-0.59	-0.54	-0.54	-0.68	-0.06	-0.57	-0.35	-0.29	-0.63	0.3	-0.51	-0.24	-0.06	0.85	-0.52	-0.38	-0.3	-0.4	-0.35	-0.46	-0.38

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Alaska Air Account Relationship Matchups

Alaska Air fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	13.0B	14.0B	14.0B	14.3B	15.8B	16.6B
Short Long Term Debt Total	3.2B	5.1B	4.1B	3.9B	3.8B	4.0B
Other Current Liab	1.7B	2.7B	1.7B	2.3B	3.1B	3.2B
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	8.8B	9.6B	10.1B
Net Debt	3.0B	3.7B	3.6B	3.5B	4.1B	4.3B
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	11.0B	10.0B	10.0B	11.2B	13.1B	13.8B
Non Currrent Assets Other	278M	379M	396M	(243M)	262M	275.1M
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	13.0B	14.0B	14.0B	14.3B	14.6B	15.3B
Non Current Liabilities Total	5.5B	6.8B	6.2B	6.0B	7.3B	7.6B
Other Current Assets	516M	123M	196M	223M	409M	292.2M
Other Stockholder Equity	(338M)	(283M)	(180M)	(97M)	(124M)	(117.8M)
Total Liab	8.7B	11.0B	10.2B	10.5B	11.7B	12.3B
Property Plant And Equipment Gross	1.3B	7.6B	10B	11.4B	13.1B	13.7B
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	486M	504M	1.4B	634M	511M	536.6M
Intangible Assets	122M	107M	2.0B	2.0B	2.0B	2.1B
Accounts Payable	146M	108M	200M	221M	207M	113.9M
Current Deferred Revenue	900M	1.1B	2.1B	2.3B	688M	671.8M
Short Term Investments	1.3B	2.0B	2.6B	2.1B	1.5B	1.0B
Other Liab	2.8B	3.1B	2.7B	2.6B	3.0B	3.1B
Other Assets	809M	379M	780M	380M	1.2B	1.3B
Long Term Debt	1.3B	2.4B	2.2B	1.9B	2.2B	1.4B
Treasury Stock	(518M)	(568M)	(643M)	(674M)	(606.6M)	(576.3M)
Property Plant Equipment	8.1B	6.2B	7.2B	8.8B	10.1B	10.7B
Net Tangible Assets	2.3B	3.0B	1.8B	3.8B	4.4B	3.1B
Long Term Debt Total	1.3B	2.4B	2.2B	1.9B	2.2B	1.6B
Capital Surpluse	305M	391M	494M	577M	519.3M	338.2M

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When determining whether Alaska Air Group is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if Alaska Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Alaska Air Group Stock. Highlighted below are key reports to facilitate an investment decision about Alaska Air Group Stock:

How To Invest In Alaska

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Is Alaska Stock a good investment?

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What is Alaska Air's Net Worth?

Details

Largest Passenger Airlines Companies

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Largest Transportation Companies

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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 bureau of economic analysis.

You can also try the Price Ceiling Movement module to calculate and plot Price Ceiling Movement for different equity instruments.

Is Passenger Airlines space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Alaska Air. If investors know Alaska will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Alaska Air listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.

Quarterly Earnings Growth

0.704

Earnings Share

2.51

Revenue Per Share

85.034

Quarterly Revenue Growth

0.082

Return On Assets

0.0286

The market value of Alaska Air Group is measured differently than its book value, which is the value of Alaska that is recorded on the company's balance sheet. Investors also form their own opinion of Alaska Air's value that differs from its market value or its book value, called intrinsic value, which is Alaska Air's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Alaska Air's market value can be influenced by many factors that don't directly affect Alaska Air's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.

Please note, there is a significant difference between Alaska Air's value and its price as these two are different measures arrived at by different means. Investors typically determine if Alaska Air is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Alaska Air's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

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Alaska Free Cash Flow vs Depreciation Analysis

Free Cash Flow vs Depreciation

Free Cash Flow vs Depreciation Correlation Analysis

Correlation Coefficient

Free Cash Flow

Depreciation

Alaska Air fundamental ratios Correlations

Alaska Air Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Alaska Air fundamental ratios Accounts

Building efficient market-beating portfolios requires time, education, and a lot of computing power!

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Total Liab	+ 1.0	Non Current Liabilities Total
Total Current Liabilities	+ 0.99	Total Assets
Property Plant And Equipment Net	+ 0.99	Total Assets
Non Current Assets Total	+ 0.99	Total Assets
Non Current Liabilities Total	+ 0.99	Total Assets
Total Liab	+ 0.99	Total Assets

Other Stockholder Equity	- 0.82	Retained Earnings
Other Stockholder Equity	- 0.72	Total Stockholder Equity
Other Stockholder Equity	- 0.69	Net Receivables
Common Stock Total Equity	- 0.68	Retained Earnings
Other Stockholder Equity	- 0.66	Non Current Assets Total
Other Stockholder Equity	- 0.66	Net Debt