XML 46 R4.htm IDEA: XBRL DOCUMENT v2.4.0.8
Condensed Consolidated Statement of Cash Flows (USD $)
In Millions, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2014
Jun. 30, 2013
Jun. 30, 2014
Jun. 30, 2013
CASH FLOWS FROM OPERATING ACTIVITIES:        
Net income $ 465 $ 224 $ 617 $ 283
Adjustments to reconcile net income to cash provided by (used in) operating activities:        
Depreciation and amortization 228 213 449 422
Unrealized gains on fuel derivative instruments (7) 55 (67) 33
Deferred income taxes (11) 21 81 23
Changes in certain assets and liabilities:        
Accounts and other receivables 10 (51) (61) (147)
Other assets (21) 6 (14) (19)
Accounts payable and accrued liabilities 424 162 448 282
Air traffic liability 153 199 914 907
Cash collateral paid to derivative counterparties 95 (53) 106 (25)
Other, net 2 2 (15) 1
Net cash provided by operating activities 1,338 778 2,458 1,760
CASH FLOWS FROM INVESTING ACTIVITIES:        
Capital expenditures 500 193 907 727
Purchases of short-term investments (1,159) (900) (1,929) (1,624)
Proceeds from sales of short-term and other investments 803 793 1,622 1,580
Payments for (Proceeds from) Other Investing Activities (1) 0 (1) 0
Net cash used in investing activities (857) (300) (1,215) (771)
CASH FLOWS FROM FINANCING ACTIVITIES:        
Proceeds from Employee stock plans 25 13 73 19
Payments of long-term debt and capital lease obligations (73) (52) (119) (216)
Payments of cash dividends (42) (28) (97) (43)
Repayment of construction obligation (2) 0 (5) 0
Repurchase of common stock (240) (251) (555) (351)
Other, net (8) (9) (13) (22)
Net cash used in financing activities (340) (327) (716) (613)
NET CHANGE IN CASH AND CASH EQUIVALENTS 141 151 527 376
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD 1,741 1,338 1,355 1,113
CASH AND CASH EQUIVALENTS AT END OF PERIOD 1,882 1,489 1,882 1,489
CASH PAYMENTS FOR:        
Interest, net of amount capitalized 33 26 67 67
Income taxes 12 21 12 23
SUPPLEMENTAL DISCLOSURE OF NONCASH TRANSACTIONS        
Assets constructed for others $ 19 $ 47 $ 31 $ 75