Balance Sheet: Liabilities and Stockholders’ Equity

The balance sheet provides creditors, investors, and analysts with information on company resources (assets) and its sources of capital (its equity and liabilities). It normally also provides information about the future earnings capacity of a company assets as well as an indication of cash flows that may come from receivables and inventories.

Liabilities represents obligations of a company arising from past events, the settlement of which is expected to result in an outflow of economic benefits from the entity.

United Airlines Holdings Inc., consolidated balance sheet: liabilities and stockholders’ equity

US$ in millions

	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Accounts payable	4,193)	3,835)	3,395)	2,562)	1,595)
Accrued salaries and benefits	3,289)	2,940)	1,971)	2,121)	1,960)
Advance ticket sales	7,561)	6,704)	7,555)	6,354)	4,833)
Frequent flyer deferred revenue	3,403)	3,095)	2,693)	2,239)	908)
Current maturities of long-term debt, finance leases, and other financial liabilities	3,453)	4,247)	3,038)	3,912)	2,111)
Current maturities of operating leases	467)	576)	561)	556)	612)
Other	948)	806)	779)	560)	706)
Current liabilities	23,314)	22,203)	19,992)	18,304)	12,725)
Long-term debt, finance leases, and other financial liabilities, less current portion	25,203)	27,413)	29,242)	31,443)	26,200)
Long-term obligations under operating leases	4,510)	4,503)	4,459)	5,152)	4,986)
Frequent flyer deferred revenue	4,038)	4,048)	3,982)	4,043)	5,067)
Pension and postretirement benefit liability	1,233)	1,605)	1,418)	2,920)	3,454)
Deferred income taxes	1,580)	594)	—)	—)	—)
Other	1,530)	1,414)	1,369)	1,284)	1,156)
Noncurrent liabilities	38,094)	39,577)	40,470)	44,842)	40,863)
Total liabilities	61,408)	61,780)	60,462)	63,146)	53,588)
Preferred stock	—)	—)	—)	—)	—)
Common stock at par, $0.01 par value	4)	4)	4)	4)	4)
Additional capital invested	8,980)	8,992)	8,986)	9,156)	8,366)
Stock held in treasury, at cost	(3,377)	(3,441)	(3,534)	(3,814)	(3,897)
Retained earnings	6,880)	3,831)	1,265)	625)	2,626)
Accumulated other comprehensive income (loss)	188)	(62)	175)	(942)	(1,139)
Stockholders’ equity	12,675)	9,324)	6,896)	5,029)	5,960)
Total liabilities and stockholders’ equity	74,083)	71,104)	67,358)	68,175)	59,548)

Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).

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Balance sheet item	Description	The company
Current liabilities	Total obligations incurred as part of normal operations that are expected to be paid during the following twelve months or within one business cycle, if longer.	United Airlines Holdings Inc. current liabilities increased from 2022 to 2023 and from 2023 to 2024.
Noncurrent liabilities	Amount of obligation due after one year or beyond the normal operating cycle, if longer.	United Airlines Holdings Inc. noncurrent liabilities decreased from 2022 to 2023 and from 2023 to 2024.
Total liabilities	Sum of the carrying amounts as of the balance sheet date of all liabilities that are recognized. Liabilities are probable future sacrifices of economic benefits arising from present obligations of an entity to transfer assets or provide services to other entities in the future.	United Airlines Holdings Inc. total liabilities increased from 2022 to 2023 but then slightly decreased from 2023 to 2024.
Stockholders’ equity	Total of all stockholders’ equity (deficit) items, net of receivables from officers, directors, owners, and affiliates of the entity which are attributable to the parent. The amount of the economic entity stockholders’ equity attributable to the parent excludes the amount of stockholders’ equity which is allocable to that ownership interest in subsidiary equity which is not attributable to the parent (noncontrolling interest, minority interest). This excludes temporary equity and is sometimes called permanent equity.	United Airlines Holdings Inc. stockholders’ equity increased from 2022 to 2023 and from 2023 to 2024.

United Airlines Holdings Inc. (NASDAQ:UAL)

Balance Sheet: Liabilities and Stockholders’ Equity