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United Airlines Holdings Balance Sheet Statement

Assets, liabilities, and shareholders' equity

United Airlines Holdings holds $80.9B in total assets. Shareholders' equity is $15.9B against $31.0B in total debt. Cash and equivalents total $8.0B. The current ratio is 0.698 and debt-to-equity is 1.95. Based on the Q1 2026 filing.

Total Assets$80.9BTotal Stockholders Equity$15.9BLong Term Debt$21.9BCash And Equivalents$8.0BTotal Current Assets$19.4BTotal Current Liabilities$27.8B
Latest FilingQ1 2026
Report Date2026-04-22
Market Cap$37.5B
P/E Ratio10.23
ROE25.73%

Current Liabilities

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Accounts payable$4.2B$4.7B$4.9B$4.6B$4.6B$5.4B
Accrued expenses$3.3B$2.4B$3.2B$3.6B$3.9B$3.1B
Accrued Manufacturing Costs$3.3B$2.4B$3.2B$3.6B$3.9B$3.1B
Compensation and benefits$3.3B$2.4B$3.2B$3.6B$3.9B$3.1B
Other accrued liabilities$948M$990M$910M$763M$757M$830M
Current portion of long-term debt$3B$3.3B$6.2B$4.6B$4.1B$2.3B
Current Portion of Long-Term Debt and Finance Lease Obligations$3.5B$3.3B$6.2B$4.6B$4.4B$2.3B
Operating lease liabilities, current$467M$506M$541M$563M$631M$748M
Total current liabilities$23.3B$25.8B$29B$27.1B$26.1B$27.8B

Current Assets

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Accounts receivable, net$2.2B$2.3B$2.3B$2.4B$2.4B$2.7B
Cash and cash equivalents$8.9B$9.7B$9.5B$6.9B$6.1B$8B
Fuel, expendable parts and supplies inventories, net of allowance for obsolescence of $132 and $124$1.6B$1.6B$1.5B$1.6B$1.6B$1.7B
Prepaid expenses and other current assets$673M$928M$809M$744M$671M$847M
Restricted cash$11M$200M$8M$0$0$0
Total current assets$18.9B$20.1B$20.3B$18.1B$16.9B$19.4B

Equity

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Additional paid-in capital$9B$8.8B$8.9B$8.9B$8.9B$8.8B
Accumulated other comprehensive income (loss)$188M$164M$142M$123M$48M$23M
Common stock1B1B1B1B1B1B
Common Stock Par Value Per Share$0.01$0.01$0.01$0.01$0.01$0.01
Common Stock Shares Issued327.9M———323.5M324.6M
Additional paid-in capital$9B$8.8B$8.9B$8.9B$8.9B$8.8B
Common stock; $0.001 par value; 6,000 shares authorized; 3,755 and 3,751 shares issued and outstanding as of March 31, 2026 and December 31, 2025, respectively$4M$4M$4M$4M$4M$4M
Preferred stock; $0.001 par value; 100 shares authorized; no shares issued and outstanding$0$0$0$0$0$0
Preferred stock$0$0$0$0$0$0
Retained earnings$6.9B$7.1B$8.1B$9B$10.1B$10.7B
Share Repurchase Authorization Limit$1.5B————$755M
Share Repurchase Program - Amount Remaining$500M————$755M
Total liabilities and stockholders' equity$74.1B$76.1B$77.2B$76.3B$76.4B$80.9B
Total stockholders' equity$12.7B$12.6B$13.4B$14.3B$15.3B$15.9B
Treasury stock$3.4B$3.5B$3.7B$3.7B$3.8B$3.7B

Non-Current Assets

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Gross loans$72M$79M$74M$75M$54M$54M
Deferred tax assets$2.1B$1.6B$1.9B$2.2B$2.5B$2.6B
Equity method investments$241M$249M$255M$265M$273M$324M
Goodwill$4.5B$4.5B$4.5B$4.5B$4.5B$4.5B
Intangible assets, net$2.7B$2.7B$2.7B$2.7B$2.7B$2.7B
Long-term investments$5.7B$6B$6.3B$6.6B$6.3B$6.3B
Net Investment in Lease$3.8B$4.1B$4.5B$4.8B$5B$5.7B
Private debt held-for-investment, at amortized cost, net of valuation allowance – $3 and $4$72M$79M$74M$75M$54M$54M
Loans receivable, net of allowances of $42 and $30 (Note 7)$1.3B$1.2B$1.3B$1.2B$1.3B$1.6B
Other intangible assets—net$2.7B$2.7B$2.7B$2.7B$2.7B$2.7B
Operating lease right-of-use assets$3.8B$4.1B$4.5B$4.8B$5B$5.7B
Short-term investment securities (includes restricted investments of consolidated variable interest entities: 2026, $85; 2025, $84)$5.7B$6B$6.3B$6.6B$6.3B$6.3B
Operating lease right-of-use assets$0.1$4.1B$4.5B$4.8B$5B$5.7B
Operating Lease Right-of-Use Assets in Other Assets$3.8B$4.1B$4.5B$4.8B$5B$5.7B
Property and equipment, net$42.9B$43.4B$43.9B$45B$46.1B$47.1B
Total assets$74.1B$76.1B$77.2B$76.3B$76.4B$80.9B
Total noncurrent assets$55.2B$56B$56.9B$58.2B$59.6B$61.5B

Non-Current Liabilities

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Debt - Unamortized Discount (Premium) and Issuance Costs, Net-$184M$169M$155M$130M-$117M$131M
Long-term debt$21.7B$24.4B$20.9B$20.8B$17.2B$21.9B
Long-Term Debt and Finance Lease Obligations$25.2B$24.4B$20.9B$20.8B$20.6B$21.9B
Operating lease liabilities, non-current$4.5B$4.8B$5.2B$5.3B$5.4B$6B
Other non-current liabilities$1.5B$1.5B$1.5B$1.5B$1.5B$1.5B
Total noncurrent liabilities$38.1B$37.7B$34.8B$34.9B$35B$37.3B

Other

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Common stock, par value (in dollars per share)$0$0$0$0$0$0
Common stock, shares authorized (in shares)$1B$1B$1B$1B$1B$1B
Common stock, shares issued (in shares)$327.9M———$323.5M$324.6M
Common Stock, Shares, Outstanding$327.9M$327.5M$323.8M$323.7M$323.5M$324.6M
Advance ticket sales$7.6B$10.5B$9.7B$9.3B$8.1B$11.7B
Frequent flyer deferred revenue$3.4B$3.5B$3.6B$3.6B$3.7B$3.8B
Frequent flyer deferred revenue$4B$4.1B$4.1B$4.1B$4.1B$4.1B
Debt Instrument, Unamortized Discount (Premium) and Debt Issuance Costs, Net-$184M———-$117M$131M
Deferred income taxes$1.6B$1.6B$1.9B$2.2B$2.5B$2.6B
Equity method investments (Note 11)$241M$249M$255M$265M$273M$324M
Long-Term Debt and Lease Obligation$25.2B$24.4B$20.9B$20.8B$20.6B$21.9B
Less: current maturities$3.5B$3.3B$6.2B$4.6B$4.4B$2.3B
Pension and postretirement benefit liability$1.2B$1.3B$1.2B$974M$1.1B$1.1B
Share Repurchase Program, Remaining Authorized, Amount$500M————$755M