XML 50 R6.htm IDEA: XBRL DOCUMENT v3.10.0.1
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Cash flows from operating activities:    
Net Income $ 197 $ 386
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 191 180
Stock-based compensation and other 17 25
Changes in certain assets and liabilities:    
Changes in deferred tax provision 67 127
Increase in air traffic liability 306 384
Increase in deferred revenue 52 69
Other—net (104) (87)
Net cash provided by operating activities 726 1,084
Property and equipment additions:    
Aircraft and aircraft purchase deposits (271) (404)
Other flight equipment (56) (45)
Other property and equipment (96) (63)
Total property and equipment additions, including capitalized interest (423) (512)
Purchases of marketable securities (529) (1,010)
Sales and maturities of marketable securities 474 541
Other investing activities 10 10
Net cash used in investing activities (468) (971)
Cash flows from financing activities:    
Long-term debt payments (258) (159)
Common stock repurchases (25) (22)
Dividends paid (79) (74)
Other financing activities 15 12
Net cash used in financing activities (347) (243)
Net increase (decrease) in cash, cash equivalents, and restricted cash (89) (130)
Cash, cash equivalents, and restricted cash at beginning of year 197 328
Cash, cash equivalents, and restricted cash at end of the period 108 198
Cash paid during the period for:    
Interest (net of amount capitalized) 39 42
Income taxes $ 0 $ 14