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Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Millions
Mar. 31, 2021
Dec. 31, 2020
Current assets:    
Cash and cash equivalents $ 12,666 $ 11,269
Short-term investments 309 414
Restricted cash 254 255
Receivables, less allowance for credit losses (2021 — $74; 2020 — $78) 1,389 1,295
Aircraft fuel, spare parts and supplies, less obsolescence allowance (2021 — $502; 2020 — $478) 918 932
Prepaid expenses and other 483 635
Total current assets 16,019 14,800
Operating property and equipment:    
Flight equipment 38,851 38,218
Other property and equipment 8,581 8,511
Purchase deposits for flight equipment 1,439 1,166
Total operating property and equipment 48,871 47,895
Less — Accumulated depreciation and amortization (16,956) (16,429)
Total operating property and equipment, net 31,915 31,466
Operating lease right-of-use assets 4,516 4,537
Other assets:    
Goodwill 4,527 4,527
Intangibles, less accumulated amortization (2021 — $1,507; 2020 — $1,495) 2,840 2,838
Restricted cash 218 218
Deferred income taxes 520 131
Investments in affiliates and other, less allowance for credit losses (2021 — $526; 2020 — $522) 1,107 1,031
Total other assets 9,212 8,745
Total assets 61,662 59,548
Current liabilities:    
Accounts payable 1,838 1,595
Accrued salaries and benefits 2,267 1,960
Advance ticket sales 5,502 4,833
Frequent flyer deferred revenue 1,251 908
Current maturities of long-term debt 1,783 1,911
Current maturities of operating leases 623 612
Current maturities of finance leases 179 182
Other 724 724
Total current liabilities 14,167 12,725
Long-term debt 25,849 24,836
Long-term obligations under finance leases 240 224
Long-term obligations under operating leases 4,985 4,986
Other liabilities and deferred credits:    
Frequent flyer deferred revenue 4,858 5,067
Pension liability 2,478 2,460
Postretirement benefit liability 1,013 994
Other financial liabilities from sale-leasebacks 1,568 1,140
Other 1,298 1,156
Total other liabilities and deferred credits 11,215 10,817
Commitments and contingencies
Stockholders' equity:    
Preferred stock 0 0
Common stock 4 4
Additional capital invested 8,923 8,366
Stock held in treasury, at cost (3,834) (3,897)
Retained earnings 1,239 2,626
Accumulated other comprehensive loss (1,126) (1,139)
Total stockholders' equity 5,206 5,960
Total liabilities and stockholders' equity 61,662 59,548
United Airlines, Inc.    
Current assets:    
Cash and cash equivalents 12,666 11,269
Short-term investments 309 414
Restricted cash 254 255
Receivables, less allowance for credit losses (2021 — $74; 2020 — $78) 1,389 1,295
Aircraft fuel, spare parts and supplies, less obsolescence allowance (2021 — $502; 2020 — $478) 918 932
Prepaid expenses and other 483 635
Total current assets 16,019 14,800
Operating property and equipment:    
Flight equipment 38,851 38,218
Other property and equipment 8,581 8,511
Purchase deposits for flight equipment 1,439 1,166
Total operating property and equipment 48,871 47,895
Less — Accumulated depreciation and amortization (16,956) (16,429)
Total operating property and equipment, net 31,915 31,466
Operating lease right-of-use assets 4,516 4,537
Other assets:    
Goodwill 4,527 4,527
Intangibles, less accumulated amortization (2021 — $1,507; 2020 — $1,495) 2,840 2,838
Restricted cash 218 218
Deferred income taxes 492 103
Investments in affiliates and other, less allowance for credit losses (2021 — $526; 2020 — $522) 1,107 1,031
Total other assets 9,184 8,717
Total assets 61,634 59,520
Current liabilities:    
Accounts payable 1,838 1,595
Accrued salaries and benefits 2,267 1,960
Advance ticket sales 5,502 4,833
Frequent flyer deferred revenue 1,251 908
Current maturities of long-term debt 1,783 1,911
Current maturities of operating leases 623 612
Current maturities of finance leases 179 182
Other 727 728
Total current liabilities 14,170 12,729
Long-term debt 25,849 24,836
Long-term obligations under finance leases 240 224
Long-term obligations under operating leases 4,985 4,986
Other liabilities and deferred credits:    
Frequent flyer deferred revenue 4,858 5,067
Pension liability 2,478 2,460
Postretirement benefit liability 1,013 994
Other financial liabilities from sale-leasebacks 1,568 1,140
Other 1,298 1,156
Total other liabilities and deferred credits 11,215 10,817
Commitments and contingencies
Stockholders' equity:    
Common stock 0 0
Additional capital invested 117 85
Retained earnings 3,582 4,939
Accumulated other comprehensive loss (1,126) (1,139)
Payable to parent 2,602 2,043
Total stockholders' equity 5,175 5,928
Total liabilities and stockholders' equity $ 61,634 $ 59,520