XML 17 R4.htm IDEA: XBRL DOCUMENT v3.23.2
Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Millions
Jun. 30, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 9,605 $ 7,166
Short-term investments 9,533 9,248
Restricted cash 38 45
Receivables, less allowance for credit losses (2023 — $15; 2022 — $11) 2,004 1,801
Aircraft fuel, spare parts and supplies, less obsolescence allowance (2023 — $648; 2022 — $610) 1,290 1,109
Prepaid expenses and other 836 689
Total current assets 23,306 20,058
Operating property and equipment:    
Flight equipment 45,784 42,775
Other property and equipment 9,822 9,334
Purchase deposits for flight equipment 3,102 2,820
Total operating property and equipment 58,708 54,929
Less — Accumulated depreciation and amortization (21,580) (20,481)
Total operating property and equipment, net 37,128 34,448
Operating lease right-of-use assets 3,995 3,889
Other assets:    
Goodwill 4,527 4,527
Intangibles, less accumulated amortization (2023 — $1,477; 2022 — $1,472) 2,744 2,762
Restricted cash 238 210
Deferred income taxes 0 91
Investments in affiliates and other, less allowance for credit losses (2023 — $21; 2022 — $21) 1,403 1,373
Total other assets 8,912 8,963
Total assets 73,341 67,358
Current liabilities:    
Accounts payable 4,172 3,395
Accrued salaries and benefits 3,223 1,971
Advance ticket sales 10,102 7,555
Frequent flyer deferred revenue 2,841 2,693
Current maturities of long-term debt 3,580 2,911
Current maturities of operating leases 571 561
Current maturities of finance leases 225 104
Current maturities of other financial liabilities 35 23
Other 826 779
Total current liabilities 25,575 19,992
Long-term debt 26,713 28,283
Long-term obligations under operating leases 4,607 4,459
Long-term obligations under finance leases 145 115
Other liabilities and deferred credits:    
Frequent flyer deferred revenue 4,183 3,982
Pension liability 804 747
Postretirement benefit liability 641 671
Deferred income taxes 133 0
Other financial liabilities 1,468 844
Other 1,367 1,369
Total other liabilities and deferred credits 8,596 7,613
Commitments and contingencies
Stockholders' equity:    
Preferred stock 0 0
Common stock at par, $0.01 par value; authorized 1,000,000,000 shares; outstanding 327,979,189 and 326,930,321 shares at June 30, 2023 and December 31, 2022, respectively 4 4
Additional capital invested 8,945 8,986
Stock held in treasury, at cost (3,442) (3,534)
Retained earnings 2,095 1,265
Accumulated other comprehensive income 103 175
Total stockholders' equity 7,705 6,896
Total liabilities and stockholders' equity $ 73,341 $ 67,358