XML 51 R13.htm IDEA: XBRL DOCUMENT v3.22.4
Consolidated Statements of Cash Flows - American Airlines, Inc. - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Cash flows from operating activities:      
Net income (loss) $ 127 $ (1,993) $ (8,885)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:      
Depreciation and amortization 2,298 2,335 2,370
Net gains from sale of property and equipment and sale-leaseback transactions 0 (22) (95)
Special items, net non-cash 229 83 1,599
Pension and postretirement (405) (321) (319)
Deferred income tax provision (benefit) 65 (555) (2,568)
Share-based compensation 78 98 91
Other, net (37) 38 47
Changes in operating assets and liabilities:      
Decrease (increase) in accounts receivable (637) (304) 538
Increase in other assets (775) (402) (38)
Increase (decrease) in accounts payable and accrued liabilities 585 461 (626)
Contributions to pension plans (5) (247) (9)
Increase (decrease) in other liabilities (18) 139 823
Net cash provided by (used in) operating activities 2,173 704 (6,543)
Cash flows from investing activities:      
Capital expenditures, net of aircraft purchase deposit returns (2,546) (208) (1,958)
Airport construction projects, net of reimbursements (360) (204) (173)
Proceeds from sale-leaseback transactions 86 181 665
Proceeds from sale of property and equipment 61 193 351
Purchases of short-term investments (11,257) (19,454) (5,873)
Sales of short-term investments 14,972 13,923 2,803
Decrease (increase) in restricted short-term investments 1 (401) (308)
Purchase of equity investments (321) (28) 0
Other investing activities 0 15 151
Net cash provided by (used in) investing activities 636 (5,983) (4,342)
Cash flows from financing activities:      
Payments on long-term debt and finance leases (3,752) (7,343) (3,535)
Proceeds from issuance of long-term debt 1,069 12,190 11,780
Deferred financing costs (4) (209) (93)
Other financing activities 77 208 88
Net cash provided by (used in) financing activities (2,631) 5,288 10,994
Net increase in cash and restricted cash 178 9 109
Cash and restricted cash at beginning of year 408 [1] 399 [1] 290
Cash and restricted cash at end of year [1] 586 408 399
American Airlines, Inc.      
Cash flows from operating activities:      
Net income (loss) 338 (1,777) (8,450)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:      
Depreciation and amortization 2,238 2,282 2,313
Net gains from sale of property and equipment and sale-leaseback transactions (3) (26) (98)
Special items, net non-cash 227 83 1,588
Pension and postretirement (404) (320) (319)
Deferred income tax provision (benefit) 122 (500) (2,453)
Share-based compensation 75 95 91
Other, net (45) 24 14
Changes in operating assets and liabilities:      
Decrease (increase) in accounts receivable (636) (290) 595
Increase in other assets (744) (370) 42
Increase (decrease) in accounts payable and accrued liabilities 549 335 (619)
Decrease (increase) in receivables from related parties, net (1,044) 1,857 4,134
Contributions to pension plans (4) (247) (6)
Increase (decrease) in other liabilities (8) 650 1,210
Net cash provided by (used in) operating activities 1,329 3,190 (1,429)
Cash flows from investing activities:      
Capital expenditures, net of aircraft purchase deposit returns (2,489) (169) (1,922)
Airport construction projects, net of reimbursements (360) (204) (173)
Proceeds from sale-leaseback transactions 86 181 665
Proceeds from sale of property and equipment 61 192 351
Purchases of short-term investments (11,257) (19,454) (5,874)
Sales of short-term investments 14,972 13,923 2,803
Decrease (increase) in restricted short-term investments 1 (401) (308)
Purchase of equity investments (321) (28) 0
Other investing activities 0 15 150
Net cash provided by (used in) investing activities 693 (5,945) (4,308)
Cash flows from financing activities:      
Payments on long-term debt and finance leases (2,991) (7,320) (3,029)
Proceeds from issuance of long-term debt 1,069 10,209 8,959
Deferred financing costs (2) (207) (85)
Other financing activities 77 88 0
Net cash provided by (used in) financing activities (1,847) 2,770 5,845
Net increase in cash and restricted cash 175 15 108
Cash and restricted cash at beginning of year 400 [2] 385 [2] 277
Cash and restricted cash at end of year [2] 575 400 385
Air traffic liability      
Changes in operating assets and liabilities:      
Increase (decrease) in customer liabilities 658 1,454 (51)
Air traffic liability | American Airlines, Inc.      
Changes in operating assets and liabilities:      
Increase (decrease) in customer liabilities 658 1,454 (51)
Loyalty program liability      
Changes in operating assets and liabilities:      
Increase (decrease) in customer liabilities 10 (60) 580
Loyalty program liability | American Airlines, Inc.      
Changes in operating assets and liabilities:      
Increase (decrease) in customer liabilities $ 10 $ (60) $ 580
[1] The following table provides a reconciliation of cash and restricted cash to amounts reported within the consolidated balance sheets:
Cash$440 $273 $245 
Restricted cash included in restricted cash and short-term investments146 135 154 
Total cash and restricted cash$586 $408 $399 
[2] The following table provides a reconciliation of cash and restricted cash to amounts reported within the consolidated balance sheets:
Cash$429 $265 $231 
Restricted cash included in restricted cash and short-term investments146 135 154 
Total cash and restricted cash$575 $400 $385