XML 31 R6.htm IDEA: XBRL DOCUMENT v3.8.0.1
Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Cash Flows From Operating Activities:      
Net income $ 3,577 $ 4,373 $ 4,526
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 2,235 1,902 1,835
Hedge derivative contracts (7) (342) (1,366)
Deferred income taxes 2,071 2,223 2,581
Pension, postretirement and postemployment payments greater than expense (3,302) (717) (1,013)
Equity investment earnings (1) (160) (35)
Changes in certain assets and liabilities:      
Receivables (328) (147) (56)
Fuel inventory (397) (140) 155
Hedge margin (5) 81 806
Prepaid expenses and other current assets (57) (26) (102)
Air traffic liability 262 123 207
Frequent flyer deferred revenue 192 45 (301)
Profit sharing (51) (383) 734
Accounts payable and accrued liabilities 992 285 (201)
Other, net (33) 88 157
Net cash provided by operating activities 5,148 7,205 7,927
Property and equipment additions:      
Flight equipment, including advance payments (2,704) (2,617) (2,223)
Ground property and equipment, including technology (1,187) (774) (722)
Purchase of equity investments (1,245) 0 (500)
Purchase of short-term investments (925) (1,707) (998)
Redemption of short-term investments 584 2,686 739
Other, net 111 257 (251)
Net cash used in investing activities (5,366) (2,155) (3,955)
Cash Flows From Financing Activities:      
Payments on long-term debt and capital lease obligations (1,258) (1,709) (2,558)
Repurchase of common stock (1,677) (2,601) (2,200)
Cash dividends (731) (509) (359)
Fuel card obligation 636 211 (340)
Payments on hedge derivative contracts (244) (451) (71)
Proceeds from hedge derivative contracts 20 291 429
Proceeds from long-term obligations 2,454 450 1,038
Other, net 70 58 (27)
Net cash used in financing activities (730) (4,260) (4,088)
Net (Decrease) Increase in Cash and Cash Equivalents (948) 790 (116)
Cash and cash equivalents at beginning of period 2,762 1,972 2,088
Cash and cash equivalents at end of period 1,814 2,762 1,972
Supplemental Disclosure of Cash Paid for Interest 390 385 452
Non-Cash Transactions:      
Treasury stock contributed to our qualified defined benefit pension plans 350 350 0
Flight and ground equipment acquired under capital leases $ 261 $ 86 $ 111