United Historical Income Statement

UAL Stock

USD 52.34 0.38 0.72%

Historical analysis of United Airlines income statement accounts such as Depreciation And Amortization of 2.8 B, Interest Expense of 2.1 B, Total Revenue of 56.4 B or Gross Profit of 12.1 B can show how well United Airlines Holdings performed in making a profits. Evaluating United Airlines income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of United Airlines's future profits or losses.

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Financial Statement Analysis is much more than just reviewing and examining United Airlines Holdings latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether United Airlines Holdings is a good buy for the upcoming year.

Net Income Gross Profit

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in United Airlines Holdings. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in nation.

About United Income Statement Analysis

United Airlines Holdings Income Statement consists of revenues and expenses along with the resulting net income or loss. It represents the profit for the accounting period attributable to United Airlines shareholders. The income statement also shows United investors and management if the firm made money during the period reported. The result of an income statement is the net income that is calculated after subtracting the expenses from revenue. It is essential to investors both as an absolute measure as well as earnings per share (i.e., EPS).

United Airlines Income Statement Chart

At this time, United Airlines' Operating Income is quite stable compared to the past year. EBIT is expected to rise to about 5.4 B this year, although the value of Total Other Income Expense Net is projected to rise to (1.7 B).

Total Revenue Other Operating Expenses Total Operating Expenses

Total Revenue

Total revenue comprises all receipts United Airlines Holdings generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.

Other Operating Expenses

Other Operating Expenses is the expense which generally does not depend on sales or production quantities of United Airlines Holdings. It is also known as United Airlines overhead expenses. Typically these expenses include marketing, rent and utilities, office, leases, and other overhead cost. Expenses incurred from non-core business activities, including administrative and general expenses, but excluding costs directly related to production.

Total Operating Expenses

The total costs associated with the day-to-day operations of a business, excluding the cost of goods sold but including selling, general, and administrative expenses.

Most accounts from United Airlines' income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into United Airlines Holdings current financial condition. On the other hand, looking into the entire matrix of income statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in United Airlines Holdings. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in nation.

	2021	2022	2023	2024 (projected)
Total Revenue	24.6B	45.0B	53.7B	56.4B
Interest Expense	1.6B	1.7B	2.0B	2.1B

Total Revenue Interest Expense

United Airlines income statement Correlations

	Depreciation And Amortization	Interest Expense	Total Revenue	Gross Profit	Other Operating Expenses	Operating Income	Ebit	Ebitda	Cost Of Revenue	Total Operating Expenses	Income Before Tax	Total Other Income Expense Net	Net Income	Income Tax Expense	Selling General Administrative	Selling And Marketing Expenses	Net Income From Continuing Ops	Non Operating Income Net Other	Non Recurring	Tax Provision	Extraordinary Items	Net Interest Income	Interest Income	Reconciled Depreciation
Depreciation And Amortization		0.18	0.81	0.79	0.66	0.87	0.86	0.95	0.56	0.23	0.92	0.45	0.81	0.5	-0.05	0.79	0.81	0.83	0.7	0.84	-0.01	0.17	0.39	-0.08
Interest Expense	0.18		0.53	-0.04	0.62	0.11	0.27	0.24	0.72	-0.29	-0.03	-0.42	-0.08	0.09	-0.14	0.26	-0.04	0.27	-0.33	-0.02	-0.49	-0.79	0.81	0.9
Total Revenue	0.81	0.53		0.65	0.97	0.69	0.71	0.77	0.89	0.19	0.65	0.11	0.57	0.36	0.08	0.89	0.61	0.53	0.44	0.61	-0.27	-0.05	0.64	0.32
Gross Profit	0.79	-0.04	0.65		0.53	0.7	0.71	0.76	0.26	0.72	0.76	0.49	0.71	0.32	0.12	0.7	0.65	0.56	0.71	0.66	0.17	0.39	0.11	-0.32
Other Operating Expenses	0.66	0.62	0.97	0.53		0.52	0.55	0.61	0.93	0.17	0.46	-0.01	0.38	0.3	0.15	0.85	0.43	0.38	0.3	0.44	-0.33	-0.15	0.66	0.43
Operating Income	0.87	0.11	0.69	0.7	0.52		0.96	0.96	0.49	0.06	0.95	0.24	0.91	0.34	-0.3	0.63	0.91	0.65	0.63	0.84	-0.01	0.28	0.44	-0.05
Ebit	0.86	0.27	0.71	0.71	0.55	0.96		0.98	0.52	0.07	0.91	0.22	0.85	0.39	-0.3	0.61	0.83	0.75	0.59	0.82	-0.05	0.15	0.57	0.1
Ebitda	0.95	0.24	0.77	0.76	0.61	0.96	0.98		0.55	0.13	0.94	0.32	0.86	0.44	-0.21	0.7	0.85	0.8	0.65	0.86	-0.04	0.17	0.52	0.04
Cost Of Revenue	0.56	0.72	0.89	0.26	0.93	0.49	0.52	0.55		-0.21	0.39	-0.16	0.32	0.27	0.0	0.69	0.39	0.36	0.14	0.39	-0.44	-0.3	0.79	0.61
Total Operating Expenses	0.23	-0.29	0.19	0.72	0.17	0.06	0.07	0.13	-0.21		0.17	0.41	0.16	0.06	0.38	0.4	0.08	0.06	0.4	0.12	0.3	0.4	-0.37	-0.5
Income Before Tax	0.92	-0.03	0.65	0.76	0.46	0.95	0.91	0.94	0.39	0.17		0.52	0.94	0.41	-0.14	0.65	0.93	0.73	0.74	0.9	0.0	0.35	0.31	-0.18
Total Other Income Expense Net	0.45	-0.42	0.11	0.49	-0.01	0.24	0.22	0.32	-0.16	0.41	0.52		0.45	0.32	0.39	0.29	0.43	0.46	0.58	0.49	0.06	0.35	-0.23	-0.43
Net Income	0.81	-0.08	0.57	0.71	0.38	0.91	0.85	0.86	0.32	0.16	0.94	0.45		0.08	-0.01	0.58	0.99	0.57	0.67	0.72	0.14	0.36	0.23	-0.22
Income Tax Expense	0.5	0.09	0.36	0.32	0.3	0.34	0.39	0.44	0.27	0.06	0.41	0.32	0.08		-0.38	0.35	0.07	0.61	0.39	0.71	-0.37	0.09	0.29	0.05
Selling General Administrative	-0.05	-0.14	0.08	0.12	0.15	-0.3	-0.3	-0.21	0.0	0.38	-0.14	0.39	-0.01	-0.38		0.22	0.01	-0.24	0.13	-0.29	0.34	0.11	-0.27	-0.21
Selling And Marketing Expenses	0.79	0.26	0.89	0.7	0.85	0.63	0.61	0.7	0.69	0.4	0.65	0.29	0.58	0.35	0.22		0.6	0.48	0.54	0.6	-0.14	0.16	0.36	0.06
Net Income From Continuing Ops	0.81	-0.04	0.61	0.65	0.43	0.91	0.83	0.85	0.39	0.08	0.93	0.43	0.99	0.07	0.01	0.6		0.55	0.63	0.72	0.07	0.32	0.25	-0.18
Non Operating Income Net Other	0.83	0.27	0.53	0.56	0.38	0.65	0.75	0.8	0.36	0.06	0.73	0.46	0.57	0.61	-0.24	0.48	0.55		0.47	0.75	-0.12	-0.08	0.39	0.07
Non Recurring	0.7	-0.33	0.44	0.71	0.3	0.63	0.59	0.65	0.14	0.4	0.74	0.58	0.67	0.39	0.13	0.54	0.63	0.47		0.69	0.38	0.69	0.11	-0.48
Tax Provision	0.84	-0.02	0.61	0.66	0.44	0.84	0.82	0.86	0.39	0.12	0.9	0.49	0.72	0.71	-0.29	0.6	0.72	0.75	0.69		-0.22	0.3	0.33	-0.12
Extraordinary Items	-0.01	-0.49	-0.27	0.17	-0.33	-0.01	-0.05	-0.04	-0.44	0.3	0.0	0.06	0.14	-0.37	0.34	-0.14	0.07	-0.12	0.38	-0.22		0.56	-0.42	-0.66
Net Interest Income	0.17	-0.79	-0.05	0.39	-0.15	0.28	0.15	0.17	-0.3	0.4	0.35	0.35	0.36	0.09	0.11	0.16	0.32	-0.08	0.69	0.3	0.56		-0.38	-0.78
Interest Income	0.39	0.81	0.64	0.11	0.66	0.44	0.57	0.52	0.79	-0.37	0.31	-0.23	0.23	0.29	-0.27	0.36	0.25	0.39	0.11	0.33	-0.42	-0.38		0.8
Reconciled Depreciation	-0.08	0.9	0.32	-0.32	0.43	-0.05	0.1	0.04	0.61	-0.5	-0.18	-0.43	-0.22	0.05	-0.21	0.06	-0.18	0.07	-0.48	-0.12	-0.66	-0.78	0.8

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United Airlines Account Relationship Matchups

United Airlines income statement Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Depreciation And Amortization	2.3B	(3.9B)	76M	2.5B	2.7B	2.8B
Interest Expense	646M	992M	1.6B	1.7B	2.0B	2.1B
Total Revenue	43.3B	15.4B	24.6B	45.0B	53.7B	56.4B
Gross Profit	12.5B	(5.0B)	721M	10.6B	7.1B	12.1B
Other Operating Expenses	38.7B	24.3B	25.0B	42.5B	48.6B	51.0B
Operating Income	2.4B	(6.4B)	(368M)	327M	5.2B	5.4B
Ebit	2.4B	(6.4B)	(368M)	327M	5.2B	5.4B
Ebitda	4.7B	(10.3B)	(292M)	2.8B	7.8B	8.2B
Cost Of Revenue	30.8B	20.4B	23.9B	34.3B	46.6B	48.9B
Total Operating Expenses	7.9B	3.9B	1.1B	8.2B	2.0B	1.9B
Income Before Tax	3.9B	(8.8B)	(2.6B)	990M	3.4B	3.6B
Total Other Income Expense Net	1.5B	(2.5B)	(2.2B)	663M	(1.8B)	(1.7B)
Net Income	3.0B	(7.1B)	(2.0B)	737M	2.6B	2.7B
Income Tax Expense	905M	(1.8B)	(593M)	253M	769M	670.4M
Selling General Administrative	20.0B	13.5B	677M	19.6B	2.0B	1.9B
Selling And Marketing Expenses	1.7B	459M	677M	1.5B	2.0B	1.2B
Net Income Applicable To Common Shares	3.0B	(7.1B)	(2.0B)	737M	663.3M	630.1M
Net Income From Continuing Ops	3.0B	(7.1B)	(2.0B)	737M	2.6B	2.7B
Non Operating Income Net Other	259M	(1.5B)	42M	326M	293.4M	308.1M
Non Recurring	246M	(2.6B)	(3.4B)	140M	126M	132.3M
Tax Provision	905M	(1.8B)	(593M)	253M	769M	807.5M
Net Interest Income	(513M)	(942M)	(1.5B)	(1.4B)	(947M)	(994.4M)
Interest Income	133M	50M	36M	298M	827M	868.4M
Reconciled Depreciation	2.3B	2.5B	2.5B	2.5B	2.7B	2.6B

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Additional Information and Resources on Investing in United Stock

When determining whether United Airlines Holdings is a strong investment it is important to analyze United Airlines' competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact United Airlines' future performance. For an informed investment choice regarding United Stock, refer to the following important reports:

How To Invest In United

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Is United Stock a good investment?

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What is United Airlines' Net Worth?

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Largest Passenger Airlines Companies

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You can also try the Performance Analysis module to check effects of mean-variance optimization against your current asset allocation.

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 United Airlines. If investors know United 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 United Airlines 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

(0.29)

Earnings Share

8.19

Revenue Per Share

167.143

Quarterly Revenue Growth

0.097

Return On Assets

0.0477

The market value of United Airlines Holdings is measured differently than its book value, which is the value of United that is recorded on the company's balance sheet. Investors also form their own opinion of United Airlines' value that differs from its market value or its book value, called intrinsic value, which is United Airlines' 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 United Airlines' market value can be influenced by many factors that don't directly affect United Airlines' 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 United Airlines' value and its price as these two are different measures arrived at by different means. Investors typically determine if United Airlines is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, United Airlines' 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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United Historical Income Statement

About United Income Statement Analysis

United Airlines Income Statement Chart

Total Revenue

Other Operating Expenses

Total Operating Expenses

United Airlines income statement Correlations

United Airlines Account Relationship Matchups

High Positive Relationship

High Negative Relationship

United Airlines income statement Accounts

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Additional Information and Resources on Investing in United Stock

COMMON DESTINATIONS

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Net Income From Continuing Ops	+ 0.99	Net Income
Ebitda	+ 0.98	Ebit
Other Operating Expenses	+ 0.97	Total Revenue
Ebit	+ 0.96	Operating Income
Ebitda	+ 0.96	Operating Income
Ebitda	+ 0.95	Depreciation And Amortization

Net Interest Income	- 0.79	Interest Expense
Reconciled Depreciation	- 0.78	Net Interest Income
Reconciled Depreciation	- 0.66	Extraordinary Items
Reconciled Depreciation	- 0.5	Total Operating Expenses
Extraordinary Items	- 0.49	Interest Expense
Reconciled Depreciation	- 0.48	Non Recurring