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Consolidated Statement of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
CASH FLOWS FROM OPERATING ACTIVITIES:      
Net income (loss) $ 539 $ 977 $ (3,074)
Adjustments to reconcile net income (loss) to cash provided by (used in) operating activities:      
Depreciation and amortization 1,351 1,272 1,255
Impairment of long-lived assets 35 12 32
Unrealized mark-to-market adjustment on available for sale securities 4 0 0
Unrealized/realized (gain) loss on fuel derivative instruments (2) (15) 15
Deferred income taxes 228 (21) (716)
Gain on sale-leaseback transactions 0 0 (222)
Loss on extinguishment of debt 193 28 0
Changes in certain assets and liabilities:      
Accounts and other receivables 422 (701) (294)
Other assets (66) 75 415
Accounts payable and accrued liabilities 936 38 231
Air traffic liability 525 591 1,623
Other liabilities (334) (103) (306)
Cash collateral received from (provided to) derivative counterparties (69) 141 9
Other, net 28 28 (95)
Net cash provided by (used in) operating activities 3,790 2,322 (1,127)
CASH FLOWS FROM INVESTING ACTIVITIES:      
Capital expenditures (3,924) (505) (515)
Supplier proceeds 0 0 428
Proceeds from sale-leaseback transactions 0 0 815
Assets constructed for others (22) (6) 0
Purchases of short-term investments (5,592) (5,824) (5,080)
Proceeds from sales of short-term and other investments 5,792 5,071 4,336
Net cash used in investing activities (3,746) (1,264) (16)
CASH FLOWS FROM FINANCING ACTIVITIES:      
Issuance of common stock 0 0 2,294
Proceeds from issuance of long-term debt 0 0 5,622
Proceeds from term loan credit facility 0 0 3,683
Proceeds from revolving credit facility 0 0 1,000
Proceeds from convertible notes 0 0 2,300
Proceeds from Payroll Support Program loan and warrants 0 1,136 1,016
Proceeds from Employee stock plans 45 51 48
Repurchase of common stock 0 0 (451)
Payments of long-term debt and finance lease obligations (2,437) (612) (839)
Payments of term loan credit facility 0 0 (3,683)
Payments of revolving credit facility 0 0 (1,000)
Payments of cash dividends 0 0 (188)
Payments of terminated interest rate derivative instruments 0 0 (59)
Payments for repurchases and conversions of convertible debt (648) (293) 0
Capitalized financing items 0 0 (134)
Other, net 8 77 49
Net cash provided by (used in) financing activities (3,032) 359 9,658
NET CHANGE IN CASH AND CASH EQUIVALENTS (2,988) 1,417 8,515
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD 12,480 11,063 2,548
CASH AND CASH EQUIVALENTS AT END OF PERIOD 9,492 12,480 11,063
CASH PAYMENTS FOR:      
Interest, net of amount capitalized 305 336 212
Income taxes 20 445 19
SUPPLEMENTAL DISCLOSURE OF NONCASH TRANSACTIONS:      
Adoption of Accounting Standards Update 2020-06, Debt (See Note 3) 245 0 0
Right-of-use assets acquired under operating leases 58 327 915
Flight equipment acquired against supplier credit memo 0 569 0
Assets constructed for others 0 309 145
Remeasurement of right-of-use asset and lease liability $ 0 $ 343 $ 0