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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Cash flows from operating activities:    
Net Income $ 383 $ 259
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 155 143
Stock-based compensation and other 14 21
Changes in certain assets and liabilities:    
Changes in deferred income taxes (44) 14
Increase in air traffic liability 209 243
Increase (decrease) in deferred revenue 27 7
Other - net 145 (52)
Net cash provided by operating activities 889 635
Property and equipment additions:    
Aircraft and aircraft purchase deposits (490) (255)
Other flight equipment (43) (60)
Other property and equipment (26) (35)
Total property and equipment additions (559) (350)
Purchases of marketable securities (711) (628)
Sales and maturities of marketable securities 676 398
Proceeds from disposition of assets and changes in restricted deposits 0 (2)
Net cash used in investing activities (594) (582)
Cash flows from financing activities:    
Proceeds from issuance of debt 0 51
Long-term debt payments (58) (64)
Common stock repurchases (262) (83)
Dividends paid (52) (34)
Other financing activities 15 19
Net cash used in financing activities (357) (111)
Net increase (decrease) in cash and cash equivalents (62) (58)
Cash and cash equivalents at beginning of year 107 80
Cash and cash equivalents at end of the period 45 22
Cash paid during the period for:    
Interest (net of amount capitalized) 8 16
Income taxes paid (received) $ 108 $ 93