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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Cash flows from operating activities:      
Net Income $ 437 $ 960 $ 797
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 398 372 363
Stock-based compensation and other 47 55 26
Changes in certain assets and liabilities:      
Changes in deferred tax provision 146 45 82
(Increase) decrease in accounts receivable (25) (39) (46)
Increase (decrease) in air traffic liability (18) 45 3
Increase (decrease) in deferred revenue 149 191 153
Changes in pension and other postretirement benefits 52 17 23
Other—net 9 (56) (15)
Net cash provided by operating activities 1,195 1,590 1,386
Property and equipment additions:      
Aircraft and aircraft purchase deposits (686) (804) (528)
Other flight equipment (105) (96) (53)
Other property and equipment (169) (126) (97)
Total property and equipment additions (960) (1,026) (678)
Acquisition of Virgin America, net of cash acquired 0 0 (1,951)
Purchases of marketable securities (834) (1,569) (960)
Sales and maturities of marketable securities 1,116 1,388 962
Proceeds from disposition of assets and changes in restricted deposits 47 78 5
Net cash used in investing activities (631) (1,129) (2,622)
Cash flows from financing activities:      
Proceeds from issuance of long-term debt, net of issuance costs 339 0 2,044
Long-term debt payments (807) (397) (249)
Common stock repurchases (50) (75) (193)
Cash dividend paid (158) (148) (136)
Other financing activities 29 28 25
Net cash provided by (used in) financing activities (647) (592) 1,491
Net increase (decrease) in cash, cash equivalents, and restricted cash (83) (131) 255
Cash, cash equivalents, and restricted cash at beginning of year 197 328 73
Cash, cash equivalents, and restricted cash at end of year 114 197 328
Cash paid during the year for:      
Interest, net of amount capitalized 72 84 24
Income taxes, net of refunds received $ 0 $ 177 $ 459