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Consolidated Statements of Cash Flows - American Airlines Group Inc. - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Cash flows from operating activities:      
Net income $ 846 $ 822 $ 127
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 2,245 2,254 2,298
Debt extinguishment costs 9 267 3
Special items, net non-cash (1) 41 226
Pension and postretirement (82) (13) (405)
Deferred income tax provision 308 299 65
Share-based compensation, non-cash 92 102 78
Other, net (249) (205) (37)
Changes in operating assets and liabilities:      
Decrease (increase) in accounts receivable 35 95 (637)
Increase in other assets (314) (11) (775)
Increase in accounts payable 257 209 360
Contributions to pension plans (300) (73) (5)
Increase (decrease) in other liabilities (149) 379 207
Net cash provided by operating activities 3,983 3,803 2,173
Cash flows from investing activities:      
Capital expenditures and aircraft purchase deposits (2,683) (2,596) (2,546)
Proceeds from sale-leaseback transactions and sale of property and equipment 654 230 147
Sales of short-term investments 8,013 8,861 14,972
Purchases of short-term investments (7,194) (7,323) (11,257)
Decrease in restricted short-term investments 177 51 1
Purchase of equity investments 0 0 (321)
Other investing activities 65 275 (360)
Net cash provided by (used in) investing activities (968) (502) 636
Cash flows from financing activities:      
Payments on long-term debt and finance leases (4,467) (7,718) (3,752)
Proceeds from issuance of long-term debt 1,670 4,822 1,069
Other financing activities 3 (310) 52
Net cash used in financing activities (2,794) (3,206) (2,631)
Net increase in cash and restricted cash 221 95 178
Cash and restricted cash at beginning of year 681 [1] 586 [1] 408
Cash and restricted cash at end of year [1] 902 681 586
Air traffic liability      
Changes in operating assets and liabilities:      
Increase (decrease) in customer liabilities 559 (545) 658
Loyalty program liability      
Changes in operating assets and liabilities:      
Increase (decrease) in customer liabilities $ 727 $ 182 $ 10
[1] The following table provides a reconciliation of cash and restricted cash to amounts reported within the consolidated balance sheets:
Cash$804 $578 $440 
Restricted cash included in restricted cash and short-term investments98 103 146 
Total cash and restricted cash$902 $681 $586