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Condensed Consolidated Statement of Cash Flows - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Sep. 30, 2015
Sep. 30, 2014
CASH FLOWS FROM OPERATING ACTIVITIES:        
Net income $ 584 $ 329 $ 1,645 $ 946
Adjustments to reconcile net income to cash provided by (used in) operating activities:        
Depreciation and amortization 258 238 751 687
Unrealized/realized (gain) loss on fuel derivative instruments 87 63 172 (4)
Deferred income taxes (82) 392 (40) 472
Changes in certain assets and liabilities:        
Accounts and other receivables 4 (22) (86) (83)
Other assets 33 6 40 (7)
Accounts payable and accrued liabilities 380 (534) 424 (86)
Air traffic liability (301) (108) 617 806
Cash collateral received from (provided to) derivative counterparties 181 (98) (213) 8
Other, net (308) (26) (396) (41)
Net cash provided by operating activities 836 240 2,914 2,698
CASH FLOWS FROM INVESTING ACTIVITIES:        
Capital expenditures (230) (406) (1,231) (1,282)
Assets constructed for others (32) (27) (76) (58)
Purchases of short-term investments (506) (415) (1,383) (2,344)
Proceeds from sales of short-term and other investments 509 805 1,732 2,427
Payments for (Proceeds from) Other Investing Activities 0 (1) (9) (2)
Net cash used in investing activities (259) (44) (967) (1,259)
CASH FLOWS FROM FINANCING ACTIVITIES:        
Proceeds from Employee stock plans 9 23 30 96
Proceeds from termination of interest rate derivative instruments 0 0 12 0
Reimbursement for assets constructed for others 9 26 14 26
Payments of long-term debt and capital lease obligations (79) (48) (170) (167)
Payments of cash dividends (49) (41) (180) (138)
Repayment of construction obligation (3) (3) (8) (8)
Repurchase of common stock (500) (200) (1,180) (755)
Other, net 4 (3) (7) (16)
Net cash used in financing activities (609) (246) (1,489) (962)
NET CHANGE IN CASH AND CASH EQUIVALENTS (32) (50) 458 477
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD 1,772 1,882 1,282 1,355
CASH AND CASH EQUIVALENTS AT END OF PERIOD 1,740 1,832 1,740 1,832
CASH PAYMENTS FOR:        
Interest, net of amount capitalized 33 35 86 102
Income taxes 409 132 975 144
SUPPLEMENTAL DISCLOSURE OF NONCASH TRANSACTIONS        
Flight equipment under capital leases 48 31 130 94
Assets constructed for others $ 46 $ 27 $ 126 $ 59