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Condensed Consolidated Statement of Cash Flows - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Sep. 30, 2018
Sep. 30, 2017
CASH FLOWS FROM OPERATING ACTIVITIES:        
Net income $ 615 $ 528 $ 1,811 $ 1,610
Adjustments to reconcile net income to cash provided by (used in) operating activities:        
Depreciation and amortization 301 302 870 939
Aircraft grounding charge 0 63 0 63
Unrealized/realized (gain) loss on fuel derivative instruments (2) (42) (13) (20)
Deferred income taxes 104 98 308 219
Changes in certain assets and liabilities:        
Accounts and other receivables (13) 0 (109) (23)
Other assets (30) (64) (243) (264)
Accounts payable and accrued liabilities 161 87 80 (157)
Air traffic liability 52 (119) 1,018 802
Cash collateral received from derivative counterparties 10 151 150 286
Other, net 73 (8) 32 (89)
Net cash provided by operating activities 1,271 996 3,904 3,366
CASH FLOWS FROM INVESTING ACTIVITIES:        
Capital expenditures (454) (638) (1,384) (1,603)
Assets constructed for others (8) (17) (49) (113)
Purchases of short-term investments (678) (531) (1,607) (1,653)
Proceeds from sales of short-term and other investments 531 566 1,665 1,696
Payments for (Proceeds from) Other Investing Activities 5 0 5 0
Net cash used in investing activities (604) (620) (1,370) (1,673)
CASH FLOWS FROM FINANCING ACTIVITIES:        
Proceeds from Employee stock plans 9 7 26 22
Reimbursement for assets constructed for others 8 17 165 113
Payments of long-term debt and capital lease obligations (98) (106) (255) (534)
Payments of cash dividends (91) (75) (332) (274)
Repayment of construction obligation (8) (2) (22) (7)
Repurchase of common stock (500) (300) (1,500) (1,250)
Other, net 3 6 (7) 17
Net cash used in financing activities (677) (453) (1,925) (1,913)
NET CHANGE IN CASH AND CASH EQUIVALENTS (10) (77) 609 (220)
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD 2,114 1,537 1,495 1,680
CASH AND CASH EQUIVALENTS AT END OF PERIOD 2,104 1,460 2,104 1,460
CASH PAYMENTS FOR:        
Interest, net of amount capitalized 18 16 70 61
Income taxes 38 229 212 611
SUPPLEMENTAL DISCLOSURE OF NONCASH TRANSACTIONS        
Flight equipment under capital leases 18 77 32 180
Assets constructed for others $ 46 $ 39 $ 126 $ 127