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Condensed Consolidated Statement of Cash Flows - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Jun. 30, 2015
Jun. 30, 2014
CASH FLOWS FROM OPERATING ACTIVITIES:        
Net income $ 608 $ 465 $ 1,061 $ 617
Adjustments to reconcile net income to cash provided by (used in) operating activities:        
Depreciation and amortization 250 228 494 449
Unrealized/realized (gain) loss on fuel derivative instruments 74 (7) 85 (67)
Deferred income taxes 23 (11) 43 81
Changes in certain assets and liabilities:        
Accounts and other receivables 41 10 (90) (61)
Other assets (7) (21) 6 (14)
Accounts payable and accrued liabilities (134) 424 43 448
Air traffic liability 201 153 918 914
Cash collateral received from (provided to) derivative counterparties (377) 95 (394) 106
Other, net (52) 2 (87) (15)
Net cash provided by operating activities 627 1,338 2,079 2,458
CASH FLOWS FROM INVESTING ACTIVITIES:        
Capital expenditures (428) (481) (1,001) (876)
Assets constructed for others (22) (19) (44) (31)
Purchases of short-term investments (562) (1,159) (877) (1,929)
Proceeds from sales of short-term and other investments 614 803 1,223 1,622
Payments for (Proceeds from) Other Investing Activities (9) (1) (9) (1)
Net cash used in investing activities (407) (857) (708) (1,215)
CASH FLOWS FROM FINANCING ACTIVITIES:        
Proceeds from Employee stock plans 8 25 21 73
Proceeds from termination of interest rate derivative instruments 0 0 12 0
Reimbursement for assets constructed for others 3 0 5 0
Payments of long-term debt and capital lease obligations (40) (73) (92) (119)
Payments of cash dividends (50) (42) (131) (97)
Repayment of construction obligation (3) (2) (5) (5)
Repurchase of common stock (380) (240) (680) (555)
Other, net (11) (8) (11) (13)
Net cash used in financing activities (473) (340) (881) (716)
NET CHANGE IN CASH AND CASH EQUIVALENTS (253) 141 490 527
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD 2,025 1,741 1,282 1,355
CASH AND CASH EQUIVALENTS AT END OF PERIOD 1,772 1,882 1,772 1,882
CASH PAYMENTS FOR:        
Interest, net of amount capitalized 21 33 53 67
Income taxes 455 12 566 12
SUPPLEMENTAL DISCLOSURE OF NONCASH TRANSACTIONS        
Assets constructed for others $ 37 $ 19 $ 80 $ 31