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Condensed Consolidated Statement of Cash Flows - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
CASH FLOWS FROM OPERATING ACTIVITIES:        
Net income (loss) $ (1,157) $ 659 $ (2,166) $ 1,787
Adjustments to reconcile net income to cash provided by (used in) operating activities:        
Depreciation and amortization 315 308 940 906
Unrealized/realized loss on fuel derivative instruments 17 0 25 0
Deferred income taxes (298) 174 (528) 224
Gain on sale-leaseback transactions 0 0 (222) 0
Changes in certain assets and liabilities:        
Accounts and other receivables (123) (88) (60) (292)
Other assets 84 79 366 195
Accounts payable and accrued liabilities 26 106 (65) (240)
Air traffic liability 216 (17) 1,584 897
Other liabilities (106) (87) (312) (210)
Cash collateral received from (provided to) derivative counterparties (5) 0 2 0
Other, net (19) (43) (95) (104)
Net cash provided by (used in) operating activities (1,050) 1,091 (531) 3,163
CASH FLOWS FROM INVESTING ACTIVITIES:        
Capital expenditures (89) (375) (425) (766)
Supplier Proceeds 0 0 428 0
Proceeds from sale-leaseback transactions 0 0 815 0
Purchases of short-term investments (1,536) (529) (3,881) (1,329)
Proceeds from sales of short-term and other investments 1,191 545 2,956 1,648
Net cash used in investing activities (434) (359) (107) (447)
CASH FLOWS FROM FINANCING ACTIVITIES:        
Issuance of common stock 0 0 2,294 0
Proceeds from issuance of long-term debt 1,125 0 5,622 0
Proceeds from term loan credit facility 0 0 3,683 0
Proceeds from revolving credit facility 0 0 1,000 0
Proceeds from convertible notes 0 0 2,300 0
Proceeds from Payroll Support Program loan and warrants 130 0 1,016 0
Proceeds from Employee stock plans 13 9 36 29
Repurchase of common stock 0 (500) (451) (1,450)
Payments of long-term debt and finance lease obligations (59) (70) (295) (245)
Payments of cash dividends 0 (96) (188) (372)
Payments of terminated interest rate derivative instruments (31) 0 (31) 0
Capitalized Financing Items 44 0 (133) 0
Other, net 20 (33) 29 (44)
Net cash provided by (used in) financing activities 1,242 (690) 10,199 (2,082)
NET CHANGE IN CASH AND CASH EQUIVALENTS (242) 42 9,561 634
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD 12,351 2,446 2,548 1,854
CASH AND CASH EQUIVALENTS AT END OF PERIOD 12,109 2,488 12,109 2,488
CASH PAYMENTS FOR:        
Interest, net of amount capitalized 7 11 61 59
Income taxes 7 169 17 487
Cash Flow, Noncash Investing and Financing Activities Disclosure [Abstract]        
Right-of-use assets acquired under operating leases 6 0 692 0
Assets Constructed for Others 35 28 110 73
364-Day Term Loan Credit Facility        
Cash Flow, Noncash Investing and Financing Activities Disclosure [Abstract]        
Repayment of Short-term Debt 0 0 (3,683) 0
Revolving Credit Facility        
CASH FLOWS FROM FINANCING ACTIVITIES:        
Payments of revolving credit facility $ 0 $ 0 $ (1,000) $ 0