XML 32 R6.htm IDEA: XBRL DOCUMENT v2.3.0.15
CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Millions
9 Months Ended
Sep. 30, 2011
Sep. 30, 2010
Cash flows from operating activities:  
Net Income$ 180.5$ 186.3
Adjustments to reconcile net income to net cash provided by operating activites:  
Fleet transition costs38.913.2
Depreciation and amortization184.2172.0
Stock-based Compensation9.510.6
Increase in air traffic liability118.795.7
Increase in other assets and liabilities – net77.028.6
Net cash provided by operating activities608.8506.4
Cash flows from investing activities:  
Aircraft and aircraft purchase deposits(260.3)(109.3)
Other flight equipment(18.4)(20.6)
Other property and equipment15.824.0
Total property and equipment additions294.5153.9
Proceeds from disposition of assets19.94.7
Purchases of marketable securities(781.7)(796.7)
Sales and maturities of marketable securities697.2646.6
Construction of Terminal 6 at LAX(80.4)(0.3)
Restricted deposits and other0.90.6
Net cash used in investing activities(438.6)(299.0)
Cash flows from financing activities:  
Proceeds from issuance of long-term debt106.50
Long-term debt payments(248.3)(231.3)
Purchase of treasury stock(61.6)(31.2)
Proceeds and tax benefit from issuance of common stock16.729.1
Other financing activities(5.5)(9.0)
Net cash used in financing activities(192.2)(242.4)
Net change in cash and cash equivalents(22.0)(35.0)
Cash and cash equivalents at beginning of year89.5164.2
Cash and cash equivalents at end of period67.5129.2
Supplemental disclosure of cash paid during the period for:  
Interest (net of amount capitalized)66.079.3
Income taxes2.2(4.9)
Relocation credit and assets constructed on account related to Terminal 6 at LAX$ 10.5$ 0