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Consolidated Statement of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
CASH FLOWS FROM OPERATING ACTIVITIES:      
Net income (loss) $ 465 $ 539 $ 977
Adjustments to reconcile net income to cash provided by operating activities:      
Depreciation and amortization 1,522 1,351 1,272
Impairment of long-lived assets 0 35 12
Unrealized mark-to-market adjustment on available for sale securities (4) 4 0
Unrealized/realized loss on fuel derivative instruments 0 (2) (15)
Deferred income taxes 159 228 (21)
Loss on extinguishment of debt 0 193 28
Changes in certain assets and liabilities:      
Accounts and other receivables (89) 422 (701)
Other assets 60 (66) 75
Accounts payable and accrued liabilities 1,386 936 38
Air traffic liability 29 525 591
Other liabilities (137) (334) (103)
Cash collateral received from (provided to) derivative counterparties (56) (69) 141
Other, net (171) 28 28
Net cash provided by operating activities 3,164 3,790 2,322
CASH FLOWS FROM INVESTING ACTIVITIES:      
Capital expenditures (3,520) (3,924) (505)
Assets constructed for others (33) (22) (6)
Purchases of short-term investments (6,970) (5,592) (5,824)
Proceeds from sales of short-term and other investments 7,591 5,792 5,071
Net cash used in investing activities (2,932) (3,746) (1,264)
CASH FLOWS FROM FINANCING ACTIVITIES:      
Proceeds from Payroll Support Program loan and warrants 0 0 1,136
Proceeds from Employee stock plans 48 45 51
Payments of long-term debt and finance lease obligations (85) (2,437) (612)
Payments of cash dividends (428) 0 0
Proceeds of terminated interest rate derivative instruments 23 0 0
Payments for repurchases and conversions of convertible debt 0 (648) (293)
Other, net 6 8 77
Net cash provided by (used in) financing activities (436) (3,032) 359
NET CHANGE IN CASH AND CASH EQUIVALENTS (204) (2,988) 1,417
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD 9,492 12,480 11,063
CASH AND CASH EQUIVALENTS AT END OF PERIOD 9,288 9,492 12,480
CASH PAYMENTS FOR:      
Interest, net of amount capitalized 228 305 336
Income taxes 18 20 445
SUPPLEMENTAL DISCLOSURE OF NON-CASH TRANSACTIONS:      
Adoption of Accounting Standards Update 2020-06, Debt 0 245 0
Right-of-use assets acquired under operating leases 82 58 327
Flight equipment acquired against supplier credit memo 0 0 569
Assets constructed for others 0 0 309
Remeasurement of right-of-use asset and lease liability $ 0 $ 0 $ 343