XML 18 R7.htm IDEA: XBRL DOCUMENT v3.19.1
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Cash flows from operating activities:    
Net Income $ 4 $ 4
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 106 94
Stock-based compensation and other 11 8
Changes in certain assets and liabilities:    
Changes in deferred tax provision 2 2
Increase in air traffic liability 328 316
Increase in deferred revenue 41 26
Other—net (24) (144)
Net cash provided by operating activities 468 306
Property and equipment additions:    
Aircraft and aircraft purchase deposits (53) (135)
Other flight equipment (29) (29)
Other property and equipment (33) (71)
Total property and equipment additions, including capitalized interest (115) (235)
Purchases of marketable securities (351) (238)
Sales and maturities of marketable securities 275 301
Other investing activities 5 8
Net cash used in investing activities (186) (164)
Cash flows from financing activities:    
Proceeds from issuance of debt 254 0
Long-term debt payments (393) (120)
Common stock repurchases (13) (13)
Dividends paid (43) (40)
Other financing activities 24 17
Net cash used in financing activities (171) (156)
Net increase (decrease) in cash, cash equivalents, and restricted cash 111 (14)
Cash, cash equivalents, and restricted cash at beginning of year 114 197
Cash, cash equivalents, and restricted cash at end of the period 225 183
Cash paid during the period for:    
Interest (net of amount capitalized) 18 24
Income taxes $ 0 $ 0