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Statements of Consolidated Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Operating Activities:      
Net income (loss) $ (7,069) $ 3,009 $ 2,122
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities -      
Deferred income tax (benefit) (1,741) 882 512
Depreciation and amortization 2,488 2,288 2,165
Operating and non-operating special charges, non-cash portion 1,448 175 416
Unrealized (gains) losses on investments 194 (153) 5
Other operating activities 320 185 161
Changes in operating assets and liabilities -      
Decrease in receivables 135 44 17
(Increase) decrease in other assets 484 (252) 265
Increase in advance ticket sales 14 438 441
Increase in frequent flyer deferred revenue 699 271 222
Increase (decrease) in accounts payable (1,079) 324 130
Decrease in other liabilities (26) (302) (292)
Net cash provided by (used in) operating activities (4,133) 6,909 6,164
Investing Activities:      
Capital expenditures, net of flight equipment purchase deposit returns (1,727) (4,528) (4,070)
Purchases of short-term and other investments (552) (2,897) (2,552)
Proceeds from sale of short-term and other investments 2,319 2,996 2,616
Loans made to others 0 (174) (466)
Investment in affiliates 0 (36) (139)
Other, net 10 79 156
Net cash provided by (used in) investing activities 50 (4,560) (4,455)
Financing Activities:      
Repurchases of common stock (353) (1,645) (1,235)
Proceeds from issuance of debt 16,044 1,847 1,594
Proceeds from equity issuance 2,103 0 0
Payments of long-term debt (4,383) (1,240) (1,727)
Principal payments under finance leases (66) (151) (79)
Capitalized financing costs (368) (61) (37)
Other, net (20) (30) (17)
Net cash provided by (used in) financing activities 12,957 (1,280) (1,501)
Net increase in cash, cash equivalents and restricted cash 8,874 1,069 208
Cash, cash equivalents and restricted cash at beginning of year 2,868 1,799 1,591
Cash, cash equivalents and restricted cash at end of year 11,742 2,868 1,799
Investing and Financing Activities Not Affecting Cash:      
Lease modifications and lease conversions 527 (2) 52
Property and equipment acquired through the issuance of debt, finance leases and other 1,968 515 160
Right-of-use assets acquired through operating leases 198 498 663
Capacity purchase agreement liability converted to debt 33 0 0
Debt associated with termination of a maintenance service agreement 0 0 163
Cash Paid (Refunded) During the Period for:      
Interest 874 648 651
Income taxes (29) 29 19
United Airlines, Inc.      
Operating Activities:      
Net income (loss) (7,067) 3,011 2,123
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities -      
Deferred income tax (benefit) (1,741) 882 513
Depreciation and amortization 2,488 2,288 2,165
Operating and non-operating special charges, non-cash portion 1,448 175 416
Unrealized (gains) losses on investments 194 (153) 5
Other operating activities 320 186 162
Changes in operating assets and liabilities -      
Decrease in receivables 135 44 17
Increase in intercompany receivables (14) (33) (20)
(Increase) decrease in other assets 484 (252) 265
Increase in advance ticket sales 14 438 441
Increase in frequent flyer deferred revenue 699 271 222
Increase (decrease) in accounts payable (1,079) 324 130
Decrease in other liabilities (26) (302) (293)
Net cash provided by (used in) operating activities (4,145) 6,879 6,146
Investing Activities:      
Capital expenditures, net of flight equipment purchase deposit returns (1,727) (4,528) (4,070)
Purchases of short-term and other investments (552) (2,897) (2,552)
Proceeds from sale of short-term and other investments 2,319 2,996 2,616
Loans made to others 0 (174) (466)
Investment in affiliates 0 (36) (139)
Other, net 10 79 156
Net cash provided by (used in) investing activities 50 (4,560) (4,455)
Financing Activities:      
Proceeds from issuance of debt 16,044 1,847 1,594
Proceeds from equity issuance 2,103 0 0
Payments of long-term debt (4,383) (1,240) (1,727)
Dividend to UAL (353) (1,645) (1,235)
Principal payments under finance leases (66) (151) (79)
Capitalized financing costs (368) (61) (37)
Other, net (2) 0 1
Net cash provided by (used in) financing activities 12,975 (1,250) (1,483)
Net increase in cash, cash equivalents and restricted cash 8,880 1,069 208
Cash, cash equivalents and restricted cash at beginning of year 2,862 1,793 1,585
Cash, cash equivalents and restricted cash at end of year 11,742 2,862 1,793
Investing and Financing Activities Not Affecting Cash:      
Lease modifications and lease conversions 527 (2) 52
Property and equipment acquired through the issuance of debt, finance leases and other 1,968 515 160
Right-of-use assets acquired through operating leases 198 498 663
Capacity purchase agreement liability converted to debt 33 0 0
Debt associated with termination of a maintenance service agreement 0 0 163
Cash Paid (Refunded) During the Period for:      
Interest 874 648 651
Income taxes $ (29) $ 29 $ 19