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Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Millions
Mar. 31, 2019
Dec. 31, 2018
Current assets:    
Cash and cash equivalents $ 1,848 $ 1,694 [1]
Short-term investments 2,219 2,256 [1]
Receivables, less allowance for doubtful accounts (2019 — $8; 2018 — $8) 1,789 1,426 [1]
Aircraft fuel, spare parts and supplies, less obsolescence allowance (2019 — $421; 2018 — $412) 972 985 [1]
Prepaid expenses and other 780 733 [1]
Total current assets 7,608 7,094 [1]
Operating property and equipment:    
Flight equipment 33,705 32,599 [1]
Other property and equipment 7,165 6,889 [1]
Purchase deposits for flight equipment 1,455 1,177 [1]
Total operating property and equipment, at cost 42,325 40,665 [1]
Less — Accumulated depreciation and amortization (13,739) (13,266) [1]
Total operating property and equipment, net 28,586 27,399 [1]
Operating lease right-of-use assets 5,065 5,262 [1]
Other assets:    
Goodwill 4,523 4,523 [1]
Intangibles, less accumulated amortization (2019 — $1,395; 2018 — $1,380) 3,144 3,159 [1]
Restricted cash 103 105 [1]
Notes receivable, net 512 516 [1]
Investments in affiliates and other, net 1,098 966 [1]
Total other assets 9,380 9,269 [1]
Total assets 50,639 49,024 [1]
Current liabilities:    
Advance ticket sales 6,006 4,381 [1]
Accounts payable 2,707 2,363 [1]
Frequent flyer deferred revenue 2,388 2,286 [1]
Accrued salaries and benefits 1,660 2,184 [1]
Current maturities of long-term debt 1,201 1,230 [1]
Current maturities of finance leases 133 123 [1]
Current maturities of operating leases 639 719 [1]
Other 601 553 [1]
Total current liabilities 15,335 13,839 [1]
Long-term debt 12,734 12,215 [1]
Long-term obligations under finance leases 236 224 [1]
Long-term obligations under operating leases 5,145 5,276 [1]
Other liabilities and deferred credits:    
Frequent flyer deferred revenue 2,750 2,719 [1]
Postretirement benefit liability 1,287 1,295 [1]
Pension liability 1,454 1,576 [1]
Deferred income taxes 898 828 [1]
Other 998 1,010 [1]
Total other liabilities and deferred credits 7,387 7,428 [1]
Commitments and contingencies [1]
Stockholders' equity:    
Preferred stock 0 0 [1]
Common stock 3 3 [1]
Additional capital invested 6,080 6,120 [1]
Retained earnings 6,999 6,715 [1]
Stock held in treasury, at cost (2,487) (1,993) [1]
Accumulated other comprehensive loss (793) (803) [1]
Total stockholders' equity 9,802 10,042 [1],[2]
Total liabilities and stockholders' equity 50,639 49,024 [1]
United Airlines, Inc.    
Current assets:    
Cash and cash equivalents 1,842 1,688 [3]
Short-term investments 2,219 2,256 [3]
Receivables, less allowance for doubtful accounts (2019 — $8; 2018 — $8) 1,789 1,426 [3]
Aircraft fuel, spare parts and supplies, less obsolescence allowance (2019 — $421; 2018 — $412) 972 985 [3]
Prepaid expenses and other 780 733 [3]
Total current assets 7,602 7,088 [3]
Operating property and equipment:    
Flight equipment 33,705 32,599 [3]
Other property and equipment 7,165 6,889 [3]
Purchase deposits for flight equipment 1,455 1,177 [3]
Total operating property and equipment, at cost 42,325 40,665 [3]
Less — Accumulated depreciation and amortization (13,739) (13,266) [3]
Total operating property and equipment, net 28,586 27,399 [3]
Operating lease right-of-use assets 5,065 5,262 [3]
Other assets:    
Goodwill 4,523 4,523 [3]
Intangibles, less accumulated amortization (2019 — $1,395; 2018 — $1,380) 3,144 3,159 [3]
Restricted cash 103 105 [3]
Notes receivable, net 512 516 [3]
Investments in affiliates and other, net 1,098 966 [3]
Total other assets 9,380 9,269 [3]
Total assets 50,633 49,018 [3]
Current liabilities:    
Advance ticket sales 6,006 4,381 [3]
Accounts payable 2,707 2,363 [3]
Frequent flyer deferred revenue 2,388 2,286 [3]
Accrued salaries and benefits 1,660 2,184 [3]
Current maturities of long-term debt 1,201 1,230 [3]
Current maturities of finance leases 133 123 [3]
Current maturities of operating leases 639 719 [3]
Other 606 558 [3]
Total current liabilities 15,340 13,844 [3]
Long-term debt 12,734 12,215 [3]
Long-term obligations under finance leases 236 224 [3]
Long-term obligations under operating leases 5,145 5,276 [3]
Other liabilities and deferred credits:    
Frequent flyer deferred revenue 2,750 2,719 [3]
Postretirement benefit liability 1,287 1,295 [3]
Pension liability 1,454 1,576 [3]
Deferred income taxes 925 855 [3]
Other 999 1,010 [3]
Total other liabilities and deferred credits 7,415 7,455 [3]
Commitments and contingencies [3]
Stockholders' equity:    
Common stock 0 0 [3]
Additional capital invested 84 598 [3]
Retained earnings 10,612 10,319 [3]
Accumulated other comprehensive loss (793) (803) [3]
Receivable from related parties (140) (110) [3]
Total stockholders' equity 9,763 10,004 [3],[4]
Total liabilities and stockholders' equity $ 50,633 $ 49,018 [3]
[1] Amounts adjusted due to the adoption of Accounting Standards Update No. 2016-02, Leases (Topic 842). See Note 1 to the financial statements contained in Part I, Item 1 of this report for additional information.
[2] Amounts adjusted due to the adoption of Accounting Standards Update No. 2016-02, Leases (Topic 842). See Note 1 to the financial statements contained in Part I, Item 1 of this report for additional information.
[3] Amounts adjusted due to the adoption of Accounting Standards Update No. 2016-02, Leases (Topic 842). See Note 1 to the financial statements contained in Part I, Item 1 of this report for additional information.
[4] Amounts adjusted due to the adoption of Accounting Standards Update No. 2016-02, Leases (Topic 842). See Note 1 to the financial statements contained in Part I, Item 1 of this report for additional information.The accompanying Combined Notes to Condensed Consolidated Financial Statements are an integral part of these statements.