UNITED AIRLINES, INC.
For the period ended Dec 31, 2025. Filed Feb 12, 2026.
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FY2025 · Filed Feb 12, 2026
UAL$120.38+6.8%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Balance Sheets
(In millions, except shares)
| At December 31, | ||
|---|---|---|
| ASSETS | 2025 | 2024 |
| Cash and cash equivalents | $5,942 | $8,769 |
| Short-term investments | 6,298 | 5,706 |
| Receivables, net | 2,391 | 2,163 |
| Aircraft fuel, spare parts and supplies, net | 1,556 | 1,572 |
| Prepaid expenses and other | 671 | 673 |
| Total current assets | 16,857 | 18,883 |
| Operating property and equipment, net | 46,121 | 42,908 |
| Operating lease right-of-use assets | 4,958 | 3,815 |
| Goodwill | 4,527 | 4,527 |
| Intangible assets, net | 2,655 | 2,683 |
| Investments in affiliates and other, net | 1,330 | 1,267 |
| Total noncurrent assets | 59,591 | 55,200 |
| Total assets | $76,448 | $74,083 |
| LIABILITIES AND STOCKHOLDERS' EQUITY | ||
| Accounts payable | $4,567 | $4,193 |
| Accrued salaries and benefits | 3,900 | 3,289 |
| Advance ticket sales | 8,131 | 7,561 |
| Frequent flyer deferred revenue | 3,721 | 3,403 |
| Current maturities of long-term debt, finance leases, and other financial liabilities | 4,426 | 3,453 |
| Current maturities of operating leases | 631 | 467 |
| Other | 757 | 948 |
| Total current liabilities | 26,133 | 23,314 |
| Long-term debt, finance leases, and other financial liabilities | 20,562 | 25,203 |
| Long-term obligations under operating leases | 5,417 | 4,510 |
| Frequent flyer deferred revenue | 4,056 | 4,038 |
| Pension and postretirement benefit liability | 1,058 | 1,233 |
| Deferred income taxes | 2,463 | 1,580 |
| Other | 1,478 | 1,530 |
| Total noncurrent liabilities | 35,033 | 38,094 |
| Commitments and Contingencies | ||
| Stockholders' equity: | ||
| Preferred stock | — | — |
| Common stock at par, $0.01 par value; authorized 1,000,000,000 shares; outstanding 323,470,682 and 327,899,771 shares at December 31, 2025 and 2024, respectively | 4 | 4 |
| Additional capital invested | 8,911 | 8,980 |
| Stock held in treasury, at cost | (3,773) | (3,377) |
| Retained earnings | 10,092 | 6,880 |
| Accumulated other comprehensive income | 48 | 188 |
| Total stockholders' equity | 15,282 | 12,675 |
| Total liabilities and stockholders' equity | $76,448 | $74,083 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.