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Condensed Consolidated Statement of Cash Flows - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Jun. 30, 2016
Jun. 30, 2015
CASH FLOWS FROM OPERATING ACTIVITIES:        
Net income $ 820 $ 608 $ 1,333 $ 1,061
Adjustments to reconcile net income to cash provided by (used in) operating activities:        
Depreciation and amortization 299 250 588 494
Loss as asset impairment 21 0 21 0
Unrealized/realized (gain) loss on fuel derivative instruments (122) 74 (34) 85
Deferred income taxes 54 23 80 43
Changes in certain assets and liabilities:        
Accounts and other receivables (14) 41 (35) (90)
Other assets (49) (7) (45) 6
Accounts payable and accrued liabilities (288) (134) 25 43
Air traffic liability 79 201 764 918
Cash collateral received from (provided to) derivative counterparties 347 (377) 116 (394)
Other, net (35) (52) (85) (87)
Net cash provided by operating activities 1,112 627 2,728 2,079
CASH FLOWS FROM INVESTING ACTIVITIES:        
Capital expenditures (462) (428) (900) (1,001)
Assets constructed for others (26) (22) (37) (44)
Purchases of short-term investments (773) (562) (1,029) (877)
Proceeds from sales of short-term and other investments 591 614 1,122 1,223
Payments for (Proceeds from) Other Investing Activities (4) (9) (5) (9)
Net cash used in investing activities (674) (407) (849) (708)
CASH FLOWS FROM FINANCING ACTIVITIES:        
Proceeds from Employee stock plans 6 8 17 21
Proceeds from termination of interest rate derivative instruments 0 0 0 12
Reimbursement for assets constructed for others 25 3 35 5
Payments of long-term debt and capital lease obligations (48) (40) (103) (92)
Payments of cash dividends (63) (50) (160) (131)
Repayment of construction obligation (2) (3) (4) (5)
Repurchase of common stock (700) (380) (1,200) (680)
Other, net (4) (11) (7) (11)
Net cash used in financing activities (786) (473) (1,422) (881)
NET CHANGE IN CASH AND CASH EQUIVALENTS (348) (253) 457 490
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD 2,388 2,025 1,583 1,282
CASH AND CASH EQUIVALENTS AT END OF PERIOD 2,040 1,772 2,040 1,772
CASH PAYMENTS FOR:        
Interest, net of amount capitalized 23 21 50 53
Income taxes 565 455 638 566
SUPPLEMENTAL DISCLOSURE OF NONCASH TRANSACTIONS        
Flight equipment under capital leases 83 41 251 82
Assets constructed for others $ 55 $ 37 $ 115 $ 80