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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Cash flows from operating activities:    
Net Income $ 395 $ 444
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 180 180
Stock-based compensation and other 25 13
Changes in certain assets and liabilities:    
Changes in deferred tax provision 132 41
Increase in air traffic liability 406 201
Increase in deferred revenue 15 48
Other—net (69) (28)
Net cash provided by operating activities 1,084 899
Property and equipment additions:    
Aircraft and aircraft purchase deposits (404) (268)
Other flight equipment (45) (31)
Other property and equipment (63) (41)
Total property and equipment additions, including capitalized interest (512) (340)
Purchases of marketable securities (1,010) (610)
Sales and maturities of marketable securities 541 357
Other investing activities 10 3
Net cash used in investing activities (971) (590)
Cash flows from financing activities:    
Long-term debt payments (159) (57)
Common stock repurchases (22) (193)
Dividends paid (74) (68)
Other financing activities 12 17
Net cash used in financing activities (243) (301)
Net increase (decrease) in cash and cash equivalents (130) 8
Cash and cash equivalents at beginning of year 328 73
Cash and cash equivalents at end of the period 198 81
Cash paid during the period for:    
Interest (net of amount capitalized) 42 8
Income taxes $ 14 $ 182