XML 25 R5.htm IDEA: XBRL DOCUMENT v3.21.1
Condensed Consolidated Statement of Cash Flows - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income (loss) $ 116 $ (94)
Adjustments to reconcile net income to cash provided by (used in) operating activities:    
Depreciation and amortization 312 311
Unrealized/realized (gain) loss on fuel derivative instruments (7) 2
Deferred income taxes 5 (49)
Changes in certain assets and liabilities:    
Accounts and other receivables (234) 183
Other assets (11) 58
Accounts payable and accrued liabilities (66) (1,291)
Air traffic liability 599 701
Other liabilities (122) (132)
Cash collateral received from (provided to) derivative counterparties 38 (5)
Other, net 15 (61)
Net cash provided by (used in) operating activities 645 (377)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Capital expenditures (95) (224)
Supplier Proceeds 0 300
Purchases of short-term investments (1,324) (1,029)
Proceeds from sales of short-term and other investments 1,218 948
Net cash used in investing activities (201) (5)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from issuance of long-term debt 0 500
Proceeds from term loan credit facility 0 1,000
Proceeds from revolving credit facility 0 1,000
Proceeds from Payroll Support Program loan and warrants 511 0
Proceeds from Employee stock plans 13 11
Repurchase of common stock 0 (451)
Payments of long-term debt and finance lease obligations (67) (78)
Payments of cash dividends 0 (188)
Other, net 7 (20)
Net cash provided by financing activities 464 1,774
NET CHANGE IN CASH AND CASH EQUIVALENTS 908 1,392
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD 11,063 2,548
CASH AND CASH EQUIVALENTS AT END OF PERIOD 11,971 3,940
CASH PAYMENTS FOR:    
Interest, net of amount capitalized 17 14
Income taxes 1 5
Cash Flow, Noncash Investing and Financing Activities Disclosure [Abstract]    
Right-of-use assets acquired under operating leases 218 25
Assets Constructed for Others $ 32 $ 34