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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Cash Flows From Operating Activities:      
Net income $ 4,373 $ 4,526 $ 659
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 1,902 1,835 1,771
Hedge derivative contracts (342) (1,366) 2,186
Deferred income taxes 2,223 2,581 414
Pension, postretirement and postemployment payments greater than expense (717) (1,013) (723)
Restructuring and other 0 35 758
Extinguishment of debt 0 22 268
Equity investment (earnings) loss (160) (35) 106
Changes in certain assets and liabilities:      
Receivables (147) (56) (302)
Restricted cash and cash equivalents (11) 7 62
Fuel inventory (140) 155 172
Hedge margin 81 806 (922)
Prepaid expenses and other current assets (26) (102) 58
Air traffic liability 123 207 174
Frequent flyer deferred revenue 45 (301) (238)
Profit sharing (383) 734 264
Accounts payable and accrued liabilities 285 (201) (36)
Other, net 99 93 276
Net cash provided by operating activities 7,205 7,927 4,947
Cash Flows From Investing Activities:      
Flight equipment, including advance payments (2,617) (2,223) (1,662)
Ground property and equipment, including technology (774) (722) (587)
Purchase of equity investments 0 (500) 0
Purchase of short-term investments (1,707) (998) (1,795)
Redemption of short-term investments 2,686 739 1,533
Acquisition of London-Heathrow slots 0 (276) 0
Proceeds for sales of E190 aircraft 226 0 0
Other, net 31 25 48
Net cash used in investing activities (2,155) (3,955) (2,463)
Cash Flows From Financing Activities:      
Payments on long-term debt and capital lease obligations (1,709) (2,558) (2,928)
Repurchase of common stock (2,601) (2,200) (1,100)
Cash dividends (509) (359) (251)
Fuel card obligation 211 (340) (41)
Payments on hedge derivative contracts (451) (71) 0
Proceeds from hedge derivative contracts 291 429 0
Proceeds from long-term obligations 450 1,038 1,020
Other, net 58 (27) 60
Net cash used in financing activities (4,260) (4,088) (3,240)
Net Increase (Decrease) in Cash and Cash Equivalents 790 (116) (756)
Cash and cash equivalents at beginning of period 1,972 2,088 2,844
Cash and cash equivalents at end of period 2,762 1,972 2,088
Supplemental Disclosure of Cash Paid for Interest 385 452 560
Non-Cash Transactions:      
Treasury stock contributed to our qualified defined benefit pension plans 350 0 0
Flight equipment under capital leases $ 86 $ 111 $ 28