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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Cash flows from operating activities:      
Net Income $ 814 $ 848 $ 605
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 363 320 294
Stock-based compensation and other 26 25 6
Changes in certain assets and liabilities:      
Changes in deferred tax provision 94 56 114
(Increase) decrease in accounts receivable (46) 47 (110)
Increase (decrease) in air traffic liability 9 38 67
Increase (decrease) in deferred revenue 83 57 40
Changes in pension and other postretirement benefits 23 36 (18)
Other—net 20 157 32
Net cash provided by operating activities 1,386 1,584 1,030
Property and equipment additions:      
Aircraft and aircraft purchase deposits (528) (681) (498)
Other flight equipment (53) (79) (131)
Other property and equipment (97) (71) (65)
Total property and equipment additions (678) (831) (694)
Acquisition of Virgin America, net of cash acquired (1,951) 0 0
Purchases of marketable securities (960) (1,327) (949)
Sales and maturities of marketable securities 962 1,175 1,092
Proceeds from disposition of assets and changes in restricted deposits 5 53 10
Net cash used in investing activities (2,622) (930) (541)
Cash flows from financing activities:      
Proceeds from issuance of long-term debt, net of issuance costs 2,044 0 51
Long-term debt payments (249) (116) (119)
Common stock repurchases (193) (505) (348)
Cash dividend paid (136) (102) (68)
Other financing activities 25 35 22
Net cash provided by (used in) financing activities 1,491 (688) (462)
Net increase (decrease) in cash and cash equivalents 255 (34) 27
Cash and cash equivalents at beginning of year 73 107 80
Cash and cash equivalents at end of year 328 73 107
Cash paid during the year for:      
Interest, net of amount capitalized 24 8 28
Income taxes, net of refunds received $ 459 $ 349 $ 326