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Condensed Statements of Consolidated Cash Flows (Unaudited) - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Cash Flows from Operating Activities:    
Net cash provided by operating activities $ 6,941 $ 4,167
Cash Flows from Investing Activities:    
Capital expenditures, net of flight equipment purchase deposit returns (3,263) (952)
Purchases of short-term and other investments (6,876) (3,302)
Proceeds from sale of short-term and other investments 6,702 215
Proceeds from sale of property and equipment 9 138
Other, net 1 (13)
Net cash used in investing activities (3,427) (3,914)
Cash Flows from Financing Activities:    
Proceeds from issuance of debt and other financing liabilities, net of discounts and fees 1,591 212
Payments of long-term debt, finance leases and other financing liabilities (2,614) (1,795)
Other, net (31) (71)
Net cash used in financing activities (1,054) (1,654)
Net increase (decrease) in cash, cash equivalents and restricted cash 2,460 (1,401)
Cash, cash equivalents and restricted cash at beginning of the period 7,421 18,533
Cash, cash equivalents and restricted cash at end of the period [1] 9,881 17,132
Investing and Financing Activities Not Affecting Cash:    
Property and equipment acquired through the issuance of debt, finance leases and other 559 0
Right-of-use assets acquired through operating leases 434 84
Lease modifications and lease conversions 349 82
Investment interests received in exchange for goods and services $ 25 $ 44
[1] The following table provides a reconciliation of cash, cash equivalents and restricted cash to amounts reported within the consolidated balance sheet:
Current assets:
Cash and cash equivalents$9,605 $16,885 
Restricted cash — Current38 43 
Restricted cash — Non-Current238 204 
Total cash, cash equivalents and restricted cash $9,881 $17,132