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Condensed Consolidated Statements of Cash Flows - USD ($)
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Cash flows from operating activities:    
Net income (loss) $ (121,000,000) $ (91,000,000)
Deferred income taxes (40,000,000) (22,000,000)
Depreciation and amortization 13,000,000 8,000,000
Gains recognized on sale-leaseback transactions (7,000,000) (15,000,000)
Loss on extinguishment of debt 7,000,000 0
Warrant liability unrealized loss 0 20,000,000
Stock-based compensation 3,000,000 3,000,000
Changes in operating assets and liabilities:    
Accounts receivable (9,000,000) (20,000,000)
Supplies and other current assets (13,000,000) (13,000,000)
Aircraft maintenance deposits (4,000,000) (4,000,000)
Other long-term assets (17,000,000) (8,000,000)
Accounts payable 5,000,000 6,000,000
Air traffic liability 90,000,000 95,000,000
Other liabilities 6,000,000 71,000,000
Cash provided by (used in) operating activities (87,000,000) 30,000,000
Cash flows from investing activities:    
Capital expenditures (7,000,000) (3,000,000)
Pre-delivery deposits for flight equipment, net of refunds (25,000,000) 12,000,000
Other (1,000,000) (2,000,000)
Cash provided by (used in) investing activities (33,000,000) 7,000,000
Cash flows from financing activities:    
Proceeds from issuance of debt 97,000,000 26,000,000
Principal repayments on debt (165,000,000) (22,000,000)
Proceeds from sale-leaseback transactions 0 13,000,000
Minimum tax withholdings on share-based awards (3,000,000) (3,000,000)
Cash provided by (used in) financing activities (71,000,000) 14,000,000
Net increase (decrease) in cash, cash equivalents and restricted cash (191,000,000) 51,000,000
Cash, cash equivalents and restricted cash, beginning of period 918,000,000 378,000,000
Cash, cash equivalents and restricted cash, end of period $ 727,000,000 $ 429,000,000