Financial Information for Subsidiary Guarantors and Non-guarantor Subsidiaries

6 Months Ended

Jun. 30, 2015

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Financial Information for Subsidiary Guarantors and Non-guarantor Subsidiaries

14. Financial Information for Subsidiary Guarantors and Non-guarantor Subsidiaries

There are various cross-guarantees among the Company, American, US Airways Group and US Airways with respect to publicly held debt securities. In connection with the Merger, the Company and American entered into a second supplemental indenture under which they jointly and severally guaranteed the payment obligations of US Airways Group under the 6.125% senior notes. In addition, on March 31, 2014, the Company, US Airways Group and US Airways entered into amended and restated guarantees of the payment obligations of US Airways under the equipment notes relating to each of its Series 2010-1, 2011-1, 2012-1, 2012-2 and 2013-1 Pass Through Certificates the result of which was to add AAG as a guarantor of such equipment notes on a joint and several basis with US Airways Group.

In connection with the issuance of these guarantees, in accordance with Rule 3-10 of Regulation S-X and Rule 12h-5 under the Securities Exchange Act of 1934, as amended, US Airways Group and US Airways discontinued filing separate periodic and current reports with the SEC. As a result, in accordance with Rule 3-10, the Company is providing the following condensed consolidating financial information for the periods after Merger close for American Airlines Group (Parent Company Only), American, US Airways Group Parent, US Airways and all other non-guarantor subsidiaries, together with the consolidating adjustments necessary to present the Company’s results on a consolidated basis.

AMERICAN AIRLINES GROUP INC.

CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS

(In millions)(Unaudited)

	Three Months Ended June 30, 2015
	American Airlines Group (Parent Company Only)			American			US Airways Group (Parent Company Only)			US Airways			Non- Guarantor Subsidiaries			Eliminations and Reclassifications			American Airlines Group Inc. Consolidated
Operating revenues:
Mainline passenger	$	—		$	4,947		$	—		$	2,708		$	—		$	—		$	7,655
Regional passenger		—			843			—			916			—			—			1,759
Cargo		—			161			—			33			—			—			194
Other		—			868			—			373			761			(783	)		1,219
Total operating revenues		—			6,819			—			4,030			761			(783	)		10,827
Operating expenses:
Aircraft fuel and related taxes		—			1,197			—			577			—			—			1,774
Salaries, wages and benefits		—			1,536			—			825			198			(195	)		2,364
Regional expenses		—			788			—			792			—			(23	)		1,557
Maintenance, materials and repairs		—			302			—			200			87			(87	)		502
Other rent and landing fees		—			269			—			182			11			(11	)		451
Aircraft rent		—			226			—			90			37			(37	)		316
Selling expenses		—			198			—			152			—			—			350
Depreciation and amortization		—			247			—			93			11			(11	)		340
Special items, net		—			74			—			70			—			—			144
Other		—			776			—			334			418			(420	)		1,108
Total operating expenses		—			5,613			—			3,315			762			(784	)		8,906
Operating income (loss)		—			1,206			—			715			(1	)		1			1,921
Nonoperating income (expense):
Interest income		—			10			—			3			3			(6	)		10
Interest expense, net		(17	)		(137	)		(9	)		(63	)		(3	)		6			(223	)
Equity in earnings of subsidiaries		1,705			—			413			—			—			(2,118	)		—
Other, net		22			(16	)		—			5			—			—			11
Total nonoperating income (expense), net		1,710			(143	)		404			(55	)		—			(2,118	)		(202	)
Income (loss) before income taxes		1,710			1,063			404			660			(1	)		(2,117	)		1,719
Income tax provision		—			11			—			247			5			(248	)		15
Net income (loss)	$	1,710		$	1,052		$	404		$	413		$	(6	)	$	(1,869	)	$	1,704

AMERICAN AIRLINES GROUP INC.

CONDENSED CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME (LOSS)

(In millions)(Unaudited)

	Three Months Ended June 30, 2015
	American Airlines Group (Parent Company Only)		American			US Airways Group (Parent Company Only)		US Airways			Non- Guarantor Subsidiaries			Eliminations and Reclassifications			American Airlines Group Inc. Consolidated
Net income (loss)	$	1,710	$	1,052		$	404	$	413		$	(6	)	$	(1,869	)	$	1,704
Other comprehensive income (loss) before tax:
Defined benefit pension plans and retiree medical		—		(25	)		—		(1	)		—			—			(26	)
Derivative financial instruments:
Change in fair value		—		—			—		—			—			—			—
Reclassification into earnings		—		(3	)		—		—			—			—			(3	)
Unrealized loss on investments:
Net change in value		—		(1	)		—		—			—			—			(1	)
Other comprehensive loss before tax		—		(29	)		—		(1	)		—			—			(30	)
Non-cash tax provision		—		—			—		—			—			—			—
Comprehensive income (loss)	$	1,710	$	1,023		$	404	$	412		$	(6	)	$	(1,869	)	$	1,674

AMERICAN AIRLINES GROUP INC.

CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS

(In millions)(Unaudited)

	Six Months Ended June 30, 2015
	American Airlines Group (Parent Company Only)			American			US Airways Group (Parent Company Only)			US Airways			Non- Guarantor Subsidiaries			Eliminations and Reclassifications			American Airlines Group Inc. Consolidated
Operating revenues:
Mainline passenger	$	—		$	9,638		$	—		$	5,006		$	—		$	—		$	14,644
Regional passenger		—			1,542			—			1,669			—			—			3,211
Cargo		—			322			—			66			—			—			388
Other		—			1,686			—			762			1,486			(1,523	)		2,411
Total operating revenues		—			13,188			—			7,503			1,486			(1,523	)		20,654
Operating expenses:
Aircraft fuel and related taxes		—			2,267			—			1,051			—			—			3,318
Salaries, wages and benefits		—			3,121			—			1,611			391			(386	)		4,737
Regional expenses		—			1,516			—			1,558			—			(55	)		3,019
Maintenance, materials and repairs		—			606			—			389			161			(161	)		995
Other rent and landing fees		—			539			—			320			20			(20	)		859
Aircraft rent		—			451			—			182			68			(68	)		633
Selling expenses		—			433			—			253			—			—			686
Depreciation and amortization		—			483			—			193			22			(22	)		676
Special items, net		—			272			—			175			4			(4	)		447
Other		2			1,534			—			614			804			(807	)		2,147
Total operating expenses		2			11,222			—			6,346			1,470			(1,523	)		17,517
Operating income (loss)		(2	)		1,966			—			1,157			16			—			3,137
Nonoperating income (expense):
Interest income		2			16			—			7			3			(9	)		19
Interest expense, net		(30	)		(263	)		(18	)		(127	)		(3	)		9			(432	)
Equity in earnings of subsidiaries		2,649			—			663			—			—			(3,312	)		—
Other, net		22			(80	)		—			(5	)		1			—			(62	)
Total nonoperating income (expense), net		2,643			(327	)		645			(125	)		1			(3,312	)		(475	)
Income before income taxes		2,641			1,639			645			1,032			17			(3,312	)		2,662
Income tax provision		—			19			—			378			8			(379	)		26
Net income	$	2,641		$	1,620		$	645		$	654		$	9		$	(2,933	)	$	2,636

AMERICAN AIRLINES GROUP INC.

CONDENSED CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME

(In millions)(Unaudited)

	Six Months Ended June 30, 2015
	American Airlines Group (Parent Company Only)		American			US Airways Group (Parent Company Only)		US Airways			Non- Guarantor Subsidiaries		Eliminations and Reclassifications			American Airlines Group Inc. Consolidated
Net income	$	2,641	$	1,620		$	645	$	654		$	9	$	(2,933	)	$	2,636
Other comprehensive income (loss) before tax:
Defined benefit pension plans and retiree medical		—		(51	)		—		(1	)		—		—			(52	)
Derivative financial instruments:
Change in fair value		—		—			—		—			—		—			—
Reclassification into earnings		—		(9	)		—		—			—		—			(9	)
Unrealized gain on investments:
Net change in value		—		—			—		—			—		—			—
Other comprehensive loss before tax		—		(60	)		—		(1	)		—		—			(61	)
Non-cash tax provision		—		—			—		—			—		—			—
Comprehensive income	$	2,641	$	1,560		$	645	$	653		$	9	$	(2,933	)	$	2,575

AMERICAN AIRLINES GROUP INC.

CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS

(In millions)(Unaudited)

	Three Months Ended June 30, 2014
	American Airlines Group (Parent Company Only)			American			US Airways Group (Parent Company Only)			US Airways			Non- Guarantor Subsidiaries			Eliminations and Reclassifications			American Airlines Group Inc. Consolidated
Operating revenues:
Mainline passenger	$	—		$	5,352		$	—		$	2,861		$	—		$	—		$	8,213
Regional passenger		—			786			—			921			—			—			1,707
Cargo		—			178			—			43			—			—			221
Other		—			837			—			408			744			(775	)		1,214
Total operating revenues		—			7,153			—			4,233			744			(775	)		11,355
Operating expenses:
Aircraft fuel and related taxes		—			1,897			—			933			—			—			2,830
Salaries, wages and benefits		—			1,441			—			720			195			(193	)		2,163
Regional expenses		—			804			—			867			—			(14	)		1,657
Maintenance, materials and repairs		—			346			—			168			80			(80	)		514
Other rent and landing fees		—			289			—			152			7			(7	)		441
Aircraft rent		—			214			—			102			22			(26	)		312
Selling expenses		—			282			—			120			—			—			402
Depreciation and amortization		—			220			—			100			10			(11	)		319
Special items, net		(2	)		179			—			74			—			—			251
Other		2			763			—			319			427			(444	)		1,067
Total operating expenses		—			6,435			—			3,555			741			(775	)		9,956
Operating income		—			718			—			678			3			—			1,399
Nonoperating income (expense):
Interest income		2			6			1			3			—			(4	)		8
Interest expense, net		—			(139	)		(10	)		(69	)		—			4			(214	)
Equity in earnings of subsidiaries		863			—			595			—			—			(1,458	)		—
Other, net		—			16			3			(6	)		1			(3	)		11
Total nonoperating income (expense), net		865			(117	)		589			(72	)		1			(1,461	)		(195	)
Income before income taxes		865			601			589			606			4			(1,461	)		1,204
Income tax provision (benefit)		(3	)		336			—			1			6			—			340
Net income (loss)	$	868		$	265		$	589		$	605		$	(2	)	$	(1,461	)	$	864

AMERICAN AIRLINES GROUP INC.

CONDENSED CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME (LOSS)

(In millions)(Unaudited)

	Three Months Ended June 30, 2014
	American Airlines Group (Parent Company Only)			American			US Airways Group (Parent Company Only)		US Airways			Non- Guarantor Subsidiaries			Eliminations and Reclassifications			American Airlines Group Inc. Consolidated
Net income (loss)	$	868		$	265		$	589	$	605		$	(2	)	$	(1,461	)	$	864
Other comprehensive income (loss) before tax:
Defined benefit pension plans and retiree medical		—			(58	)		—		(1	)		—			—			(59	)
Derivative financial instruments:
Change in fair value		(2	)		15			—		—			—			—			13
Reclassification into earnings		—			5			—		—			—			—			5
Unrealized gain (loss) on investments:
Net change in value		2			(2	)		—		—			—			—			—
Other comprehensive loss before tax		—			(40	)		—		(1	)		—			—			(41	)
Reversal of non-cash tax provision		2			328			—		—			—			—			330
Comprehensive income (loss)	$	870		$	553		$	589	$	604		$	(2	)	$	(1,461	)	$	1,153

AMERICAN AIRLINES GROUP INC.

CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS

(In millions)(Unaudited)

	Six Months Ended June 30, 2014
	American Airlines Group (Parent Company Only)			American			US Airways Group (Parent Company Only)			US Airways			Non- Guarantor Subsidiaries			Eliminations and Reclassifications			American Airlines Group Inc. Consolidated
Operating revenues:
Mainline passenger	$	—		$	10,258		$	—		$	5,213		$	—		$	—		$	15,471
Regional passenger		—			1,455			—			1,659			—			—			3,114
Cargo		—			346			—			82			—			—			428
Other		—			1,563			—			826			1,488			(1,539	)		2,338
Total operating revenues		—			13,622			—			7,780			1,488			(1,539	)		21,351
Operating expenses:
Aircraft fuel and related taxes		—			3,768			—			1,773			—			—			5,541
Salaries, wages and benefits		—			2,839			—			1,439			392			(388	)		4,282
Regional expenses		—			1,562			—			1,696			—			(7	)		3,251
Maintenance, materials and repairs		—			678			—			321			165			(165	)		999
Other rent and landing fees		—			574			—			292			15			(15	)		866
Aircraft rent		—			430			—			205			43			(47	)		631
Selling expenses		—			566			—			238			—			—			804
Depreciation and amortization		—			434			—			195			20			(23	)		626
Special items, net		22			(37	)		—			129			3			(3	)		114
Other		4			1,512			—			626			857			(891	)		2,108
Total operating expenses		26			12,326			—			6,914			1,495			(1,539	)		19,222
Operating income (loss)		(26	)		1,296			—			866			(7	)		—			2,129
Nonoperating income (expense):
Interest income		4			13			1			4			1			(8	)		15
Interest expense, net		(4	)		(307	)		(20	)		(134	)		—			8			(457	)
Equity in earnings of subsidiaries		1,314			—			712			—			—			(2,026	)		—
Other, net		—			11			(53	)		(3	)		1			53			9
Total nonoperating income (expense), net		1,314			(283	)		640			(133	)		2			(1,973	)		(433	)
Income (loss) before income taxes		1,288			1,013			640			733			(5	)		(1,973	)		1,696
Income tax provision (benefit)		(2	)		347			—			2			6			—			353
Net income (loss)	$	1,290		$	666		$	640		$	731		$	(11	)	$	(1,973	)	$	1,343

AMERICAN AIRLINES GROUP INC.

CONDENSED CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME (LOSS)

(In millions)(Unaudited)

	Six Months Ended June 30, 2014
	American Airlines Group (Parent Company Only)			American			US Airways Group (Parent Company Only)		US Airways			Non- Guarantor Subsidiaries			Eliminations and Reclassifications			American Airlines Group Inc. Consolidated
Net income (loss)	$	1,290		$	666		$	640	$	731		$	(11	)	$	(1,973	)	$	1,343
Other comprehensive income (loss) before tax:
Defined benefit pension plans and retiree medical		—			(102	)		—		(2	)		—			—			(104	)
Derivative financial instruments:
Change in fair value		(2	)		(52	)		—		—			—			—			(54	)
Reclassification into earnings		—			12			—		—			—			—			12
Unrealized gain on investments:
Net change in value		2			—			—		—			—			—			2
Other comprehensive loss before tax		—			(142	)		—		(2	)		—			—			(144	)
Reversal of non-cash tax provision		2			328			—		—			—			—			330
Comprehensive income (loss)	$	1,292		$	852		$	640	$	729		$	(11	)	$	(1,973	)	$	1,529

AMERICAN AIRLINES GROUP INC.

CONDENSED CONSOLIDATING BALANCE SHEET

(In millions)(Unaudited)

	June 30, 2015
	American Airlines Group (Parent Company Only)			American			US Airways Group (Parent Company Only)			US Airways			Non- Guarantor Subsidiaries			Eliminations and Reclassifications			American Airlines Group Inc. Consolidated
ASSETS
Current assets
Cash	$	1		$	789		$	12		$	144		$	6		$	—		$	952
Short-term investments		—			5,192			—			2,772			3			—			7,967
Restricted cash and short-term investments		—			641			—			106			—			—			747
Accounts receivable, net		—			1,535			—			352			18			(13	)		1,892
Receivables from related parties, net		1,623			—			—			742			138			(2,503	)		—
Aircraft fuel, spare parts and supplies, net		—			665			—			330			74			—			1,069
Prepaid expenses and other		100			717			—			621			44			—			1,482
Total current assets		1,724			9,539			12			5,067			283			(2,516	)		14,109
Operating property and equipment		—			18,165			—			6,848			275			—			25,288
Other assets
Investments in subsidiaries		3,363			—			7,590			—			—			(10,953	)		—
Goodwill		—			—			—			4,091			—			—			4,091
Intangibles, net of accumulated amortization		—			874			—			1,400			—			—			2,274
Other assets		28			1,822			—			251			40			(35	)		2,106
Total other assets		3,391			2,696			7,590			5,742			40			(10,988	)		8,471
Total assets	$	5,115		$	30,400		$	7,602		$	17,657		$	598		$	(13,504	)	$	47,868
LIABILITIES AND STOCKHOLDERS’ EQUITY (DEFICIT)
Current liabilities
Current maturities of long-term debt and capital leases	$	—		$	1,172		$	—		$	470		$	—		$	—		$	1,642
Accounts payable		—			1,292			—			325			74			(8	)		1,683
Payables to related parties, net		—			1,868			504			—			131			(2,503	)		—
Air traffic liability		—			4,160			—			1,504			—			—			5,664
Frequent flyer liability		—			2,745			—			—			—			—			2,745
Other accrued liabilities		92			2,018			3			1,096			97			5			3,311
Total current liabilities		92			13,255			507			3,395			302			(2,506	)		15,045
Noncurrent liabilities
Long-term debt and capital leases, net of current maturities		1,257			10,595			525			4,810			—			(35	)		17,152
Pension and postretirement benefits		—			7,313			—			124			40			—			7,477
Bankruptcy settlement obligations		—			208			—			—			—			—			208
Other liabilities		130			2,912			—			1,802			49			(543	)		4,350
Total noncurrent liabilities		1,387			21,028			525			6,736			89			(578	)		29,187
Stockholders’ equity (deficit)
Common stock		7			—			—			—			—			—			7
Additional paid-in capital		14,319			10,761			4,752			5,591			199			(21,303	)		14,319
Accumulated other comprehensive loss		(4,620	)		(4,705	)		(17	)		(9	)		(12	)		4,743			(4,620	)
Retained earnings (deficit)		(6,070	)		(9,939	)		1,835			1,944			20			6,140			(6,070	)
Total stockholders’ equity (deficit)		3,636			(3,883	)		6,570			7,526			207			(10,420	)		3,636
Total liabilities and stockholders’ equity (deficit)	$	5,115		$	30,400		$	7,602		$	17,657		$	598		$	(13,504	)	$	47,868

AMERICAN AIRLINES GROUP INC.

CONDENSED CONSOLIDATING BALANCE SHEET

(In millions)(Unaudited)

	December 31, 2014
	American Airlines Group (Parent Company Only)			American			US Airways Group (Parent Company Only)			US Airways			Non- Guarantor Subsidiaries			Eliminations and Reclassifications			American Airlines Group Inc. Consolidated
ASSETS
Current assets
Cash	$	1		$	785		$	2		$	199		$	7		$	—		$	994
Short-term investments		—			3,290			—			3,016			3			—			6,309
Restricted cash and short-term investments		—			650			—			124			—			—			774
Accounts receivable, net		—			1,445			—			324			15			(13	)		1,771
Receivables from related parties, net		1,893			—			157			933			526			(3,509	)		—
Aircraft fuel, spare parts and supplies, net		—			625			—			294			85			—			1,004
Prepaid expenses and other		—			462			—			912			41			(155	)		1,260
Total current assets		1,894			7,257			159			5,802			677			(3,677	)		12,112
Operating property and equipment		—			16,299			—			6,506			279			—			23,084
Other assets
Investments in subsidiaries		847			—			6,870			—			—			(7,717	)		—
Goodwill		—			—			—			4,090			—			1			4,091
Intangibles, net of accumulated amortization		—			815			—			1,425			—			—			2,240
Other assets		53			1,921			—			267			38			(35	)		2,244
Total other assets		900			2,736			6,870			5,782			38			(7,751	)		8,575
Total assets	$	2,794		$	26,292		$	7,029		$	18,090		$	994		$	(11,428	)	$	43,771
LIABILITIES AND STOCKHOLDERS’ EQUITY (DEFICIT)
Current liabilities
Current maturities of long-term debt and capital leases	$	—		$	1,230		$	—		$	477		$	1		$	—		$	1,708
Accounts payable		—			1,029			—			287			61			—			1,377
Payables to related parties, net		—			2,563			634			73			239			(3,509	)		—
Air traffic liability		—			2,989			—			1,263			—			—			4,252
Frequent flyer liability		—			1,823			—			984			—			—			2,807
Other accrued liabilities		14			1,886			3			1,253			138			(3	)		3,291
Total current liabilities		14			11,520			637			4,337			439			(3,512	)		13,435
Noncurrent liabilities
Long-term debt and capital leases, net of current maturities		758			10,004			524			4,945			—			(35	)		16,196
Pension and postretirement benefits		—			7,400			—			122			40			—			7,562
Mandatorily convertible preferred stock and other bankruptcy settlement obligations		—			325			—			—			—			—			325
Other liabilities		1			2,615			—			1,861			317			(562	)		4,232
Total noncurrent liabilities		759			20,344			524			6,928			357			(597	)		28,315
Stockholders’ equity (deficit)
Common stock		7			—			—			—			—			—			7
Additional paid-in capital		15,135			10,632			4,703			5,542			199			(21,076	)		15,135
Accumulated other comprehensive loss		(4,559	)		(4,645	)		(16	)		(8	)		(12	)		4,681			(4,559	)
Retained earnings (deficit)		(8,562	)		(11,559	)		1,181			1,291			11			9,076			(8,562	)
Total stockholders’ equity (deficit)		2,021			(5,572	)		5,868			6,825			198			(7,319	)		2,021
Total liabilities and stockholders’ equity (deficit)	$	2,794		$	26,292		$	7,029		$	18,090		$	994		$	(11,428	)	$	43,771

AMERICAN AIRLINES GROUP INC.

CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS

(In millions)(Unaudited)

	Six Months Ended June 30, 2015
	American Airlines Group (Parent Company Only)			American			US Airways Group (Parent Company Only)		US Airways			Non- Guarantor Subsidiaries			Eliminations and Reclassifications		American Airlines Group Inc. Consolidated
Net cash provided by operating activities	$	526		$	3,935		$	10	$	340		$	30		$	—	$	4,841
Cash flows from investing activities:
Capital expenditures and aircraft purchase deposits		—			(2,563	)		—		(541	)		(35	)		—		(3,139	)
Purchases of short-term investments		—			(3,080	)		—		(2,013	)		—			—		(5,093	)
Sales of short-term investments		—			1,178			—		2,258			—			—		3,436
Decrease in restricted cash and short-term investments		—			9			—		18			—			—		27
Proceeds from sale of an investment		52			—			—		—			—			—		52
Proceeds from sale of property and equipment		—			18			—		—			4			—		22
Net cash provided by (used in) investing activities		52			(4,438	)		—		(278	)		(31	)		—		(4,695	)
Cash flows from financing activities:
Payments on long-term debt and capital leases		—			(881	)		—		(226	)		—			—		(1,107	)
Proceeds from issuance of long-term debt		500			1,420			—		76			—			—		1,996
Deferred financing costs		(7	)		(32	)		—		(1	)		—			—		(40	)
Treasury stock repurchases		(931	)		—			—		—			—			—		(931	)
Dividend payment		(140	)		—			—		—			—			—		(140	)
Other financing activities		—			—			—		34			—			—		34
Net cash provided by (used in) financing activities		(578	)		507			—		(117	)		—			—		(188	)
Net increase (decrease) in cash		—			4			10		(55	)		(1	)		—		(42	)
Cash at beginning of period		1			785			2		199			7			—		994
Cash at end of period	$	1		$	789		$	12	$	144		$	6		$	—	$	952

AMERICAN AIRLINES GROUP INC.

CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS

(In millions)(Unaudited)

	Six Months Ended June 30, 2014
	American Airlines Group (Parent Company Only)		American			US Airways Group (Parent Company Only)		US Airways			Non- Guarantor Subsidiaries			Eliminations and Reclassifications			American Airlines Group Inc. Consolidated
Net cash provided by operating activities	$	—	$	1,683		$	—	$	931		$	23		$	—		$	2,637
Cash flows from investing activities:
Capital expenditures and aircraft purchase deposits		—		(1,828	)		—		(626	)		(26	)		(198	)		(2,678	)
Purchases of short-term investments		—		(1,183	)		—		(678	)		—			—			(1,861	)
Sales of short-term investments		—		1,523			—		200			—			—			1,723
Decrease in restricted cash and short-term investments		—		52			—		101			—			—			153
Net proceeds from slot transaction		—		299			—		8			—			—			307
Funds transferred to affiliates		—		(198	)		—		—			—			198			—
Proceeds from sale of property and equipment		—		7			—		—			2			—			9
Net cash used in investing activities		—		(1,328	)		—		(995	)		(24	)		—			(2,347	)
Cash flows from financing activities:
Payments on long-term debt and capital leases		—		(655	)		—		(314	)		—			(176	)		(1,145	)
Proceeds from issuance of long-term debt		—		53			—		481			—			—			534
Deferred financing costs		—		(5	)		—		(2	)		—			—			(7	)
Sale-leaseback transactions		—		411			—		—			—			—			411
Exercise of stock options		—		—			—		9			—			—			9
Treasury stock repurchases		—		(7	)		—		(21	)		—			—			(28	)
Funds transferred to affiliates, net		—		—			—		(176	)		—			176			—
Other financing activities		—		—			—		6			—			—			6
Net cash used in financing activities		—		(203	)		—		(17	)		—			—			(220	)
Net increase (decrease) in cash		—		152			—		(81	)		(1	)		—			70
Cash at beginning of period		1		829			1		303			6			—			1,140
Cash at end of period	$	1	$	981		$	1	$	222		$	5		$	—		$	1,210