Icelandair Group hf. (ICE:ICEAIR)

Icelandair Group Balance Sheet

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Cash & Equivalents	317.17	150.24	199.51	224.25	204.77	117.66
Short-Term Investments	163.04	104.56	71.01	42.16	58.2	-
Trading Asset Securities	-	-	-	-	-	41.71
Cash & Short-Term Investments	480.22	254.8	270.52	266.41	262.96	159.37
Cash Growth	16.23%	-5.81%	1.54%	1.31%	65.00%	-32.20%
Accounts Receivable	208.71	81.26	59.2	71.04	50.26	38.66
Other Receivables	-	19.09	37.38	31.99	30.85	43.48
Receivables	208.71	100.35	96.59	103.04	81.1	82.14
Inventory	26.55	24.49	23.84	22.49	24.4	23.38
Prepaid Expenses	-	25.23	28.32	21.49	17.13	6.89
Restricted Cash	-	34.25	37.01	30.8	20.19	10.3
Other Current Assets	17.24	4.42	0.79	2.03	2.85	-
Total Current Assets	732.72	443.53	457.08	446.25	408.63	282.09
Property, Plant & Equipment	1,068	965.93	903.63	824.56	616.09	618.23
Long-Term Investments	36.72	31.74	8.4	11.9	11.59	9.6
Goodwill	-	22.42	22.42	22.42	22.42	24.59
Other Intangible Assets	57.85	33.96	32.96	32.78	33.19	35.67
Long-Term Deferred Tax Assets	80.57	63.79	59.73	55.59	60.65	38.84
Long-Term Deferred Charges	-	-	-	-	-	3.54
Other Long-Term Assets	81.49	76.49	43.47	17.67	18.99	21.69
Total Assets	2,057	1,638	1,528	1,411	1,172	1,034
Accounts Payable	355.33	49.73	55.09	54.39	25.66	13.66
Accrued Expenses	-	17.01	10.41	10.62	6.07	14.25
Short-Term Debt	-	-	-	-	-	27.94
Current Portion of Long-Term Debt	42.74	41.05	44.94	48.45	35.65	24.01
Current Portion of Leases	73.64	66.3	54.08	45.46	33.62	26.89
Current Unearned Revenue	533.17	351.58	317.79	303.36	259.08	187.4
Other Current Liabilities	3.45	180.08	163.52	137.6	131.54	106.31
Total Current Liabilities	1,008	705.75	645.82	599.88	491.61	400.47
Long-Term Debt	147.27	164.71	207.39	207.26	222.14	239.58
Long-Term Leases	493.35	398.8	332.17	296.69	212.04	119.71
Other Long-Term Liabilities	124.94	99.55	53.95	33.95	23.38	41.68
Total Liabilities	1,774	1,369	1,239	1,138	949.18	801.43
Common Stock	310.97	310.97	310.97	310.97	272.2	212.97
Additional Paid-In Capital	-	-	-	-	34.18	13.21
Retained Earnings	-67.79	-37.32	-17.64	-28.73	-86.82	16.68
Comprehensive Income & Other	38.5	-6.25	-6.26	-9.74	5.06	-8.31
Total Common Equity	281.69	267.4	287.07	272.51	224.62	234.55
Minority Interest	1.59	1.67	1.28	0.88	-2.24	-1.74
Shareholders' Equity	283.28	269.07	288.35	273.39	222.38	232.81
Total Liabilities & Equity	2,057	1,638	1,528	1,411	1,172	1,034
Total Debt	756.99	670.86	638.58	597.87	503.44	438.13
Net Cash (Debt)	-276.78	-416.06	-368.06	-331.46	-240.48	-278.76
Net Cash Per Share	-0.01	-0.01	-0.01	-0.01	-0.01	-0.02
Filing Date Shares Outstanding	43,533	41,120	41,120	41,120	35,958	28,438
Total Common Shares Outstanding	43,533	41,120	41,120	41,120	35,958	28,438
Working Capital	-275.6	-262.21	-188.74	-153.64	-82.98	-118.38
Book Value Per Share	0.01	0.01	0.01	0.01	0.01	0.01
Tangible Book Value	223.84	211.01	231.69	217.31	169.01	174.29
Tangible Book Value Per Share	0.01	0.01	0.01	0.01	0.00	0.01
Buildings	-	130.21	108.1	91.66	89.02	91.29
Machinery	-	949.19	949.45	882.65	704.05	774.24

Updated Feb 1, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.