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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Cash flows from operating activities:      
Net Income $ 1,034 $ 814 $ 848
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 372 363 320
Stock-based compensation and other 55 26 25
Changes in certain assets and liabilities:      
Changes in deferred tax provision 19 94 56
(Increase) decrease in accounts receivable (39) (46) 47
Increase (decrease) in air traffic liability 88 9 38
Increase (decrease) in deferred revenue 63 83 57
Changes in pension and other postretirement benefits 17 23 36
Other—net (19) 20 157
Net cash provided by operating activities 1,590 1,386 1,584
Property and equipment additions:      
Aircraft and aircraft purchase deposits (804) (528) (681)
Other flight equipment (96) (53) (79)
Other property and equipment (126) (97) (71)
Total property and equipment additions (1,026) (678) (831)
Acquisition of Virgin America, net of cash acquired 0 (1,951) 0
Purchases of marketable securities (1,569) (960) (1,327)
Sales and maturities of marketable securities 1,388 962 1,175
Proceeds from disposition of assets and changes in restricted deposits 75 5 53
Net cash used in investing activities (1,132) (2,622) (930)
Cash flows from financing activities:      
Proceeds from issuance of long-term debt, net of issuance costs 0 2,044 0
Long-term debt payments (397) (249) (116)
Common stock repurchases (75) (193) (505)
Cash dividend paid (148) (136) (102)
Other financing activities 28 25 35
Net cash provided by (used in) financing activities (592) 1,491 (688)
Net increase (decrease) in cash and cash equivalents (134) 255 (34)
Cash and cash equivalents at beginning of year 328 73 107
Cash and cash equivalents at end of year 194 328 73
Cash paid during the year for:      
Interest, net of amount capitalized 84 24 8
Income taxes, net of refunds received $ 177 $ 459 $ 349