XML 77 R11.htm IDEA: XBRL DOCUMENT v3.22.0.1
Consolidated Statements of Cash Flows - American Airlines Group Inc. - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Cash flows from operating activities:      
Net income (loss) $ (1,993) $ (8,885) $ 1,686
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:      
Depreciation and amortization 2,335 2,370 2,318
Net gains from sale of property and equipment and sale-leaseback transactions (22) (95) (112)
Special items, net non-cash 83 1,599 376
Pension and postretirement (321) (319) (178)
Deferred income tax provision (benefit) (555) (2,568) 560
Share-based compensation 98 91 94
Other, net 38 47 (62)
Changes in operating assets and liabilities:      
Decrease (increase) in accounts receivable (304) 538 73
Increase in other assets (402) (38) (373)
Increase (decrease) in accounts payable and accrued liabilities 461 (626) 327
Contributions to pension plans (247) (9) (1,230)
Increase (decrease) in other liabilities 139 823 (209)
Net cash provided by (used in) operating activities 704 (6,543) 3,815
Cash flows from investing activities:      
Capital expenditures, net of aircraft purchase deposit returns (208) (1,958) (4,268)
Airport construction projects, net of reimbursements (204) (173) (98)
Proceeds from sale of property and equipment 193 351 54
Proceeds from sale-leaseback transactions 181 665 850
Purchases of short-term investments (19,454) (5,873) (3,184)
Sales of short-term investments 13,923 2,803 4,144
Increase in restricted short-term investments (401) (308) (3)
Purchase of equity investment (28) 0 0
Proceeds on sale of equity investment 5 41 0
Proceeds from vendor 0 90 250
Other investing activities 10 20 12
Net cash used in investing activities (5,983) (4,342) (2,243)
Cash flows from financing activities:      
Proceeds from issuance of long-term debt 12,190 11,780 3,960
Payments on long-term debt and finance leases (7,343) (3,535) (4,190)
Proceeds from issuance of equity 460 2,970 0
Deferred financing costs (209) (93) (61)
Treasury stock repurchases and shares withheld for taxes pursuant to employee stock plans (18) (173) (1,097)
Dividend payments 0 (43) (178)
Other financing activities 208 88 (2)
Net cash provided by (used in) financing activities 5,288 10,994 (1,568)
Net increase in cash and restricted cash 9 109 4
Cash and restricted cash at beginning of year 399 [1] 290 [1] 286
Cash and restricted cash at end of year [1] 408 399 290
Air traffic liability      
Changes in operating assets and liabilities:      
Increase (decrease) in customer liabilities 1,454 (51) 469
Loyalty program liability      
Changes in operating assets and liabilities:      
Increase (decrease) in customer liabilities $ (60) $ 580 $ 76
[1] The following table provides a reconciliation of cash and restricted cash to amounts reported within the consolidated balance sheets:
Cash$273 $245 $280 
Restricted cash included in restricted cash and short-term investments135 154 10 
Total cash and restricted cash$408 $399 $290