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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Cash flows from operating activities:    
Net Income $ 266 $ 197
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 211 191
Stock-based compensation and other 16 17
Changes in certain assets and liabilities:    
Changes in deferred tax provision 62 67
Increase in air traffic liability 385 306
Increase in deferred revenue 75 52
Other—net 18 (104)
Net cash provided by operating activities 1,033 726
Property and equipment additions:    
Aircraft and aircraft purchase deposits (172) (271)
Other flight equipment (83) (56)
Other property and equipment (78) (96)
Total property and equipment additions, including capitalized interest (333) (423)
Purchases of marketable securities (885) (529)
Sales and maturities of marketable securities 663 474
Other investing activities 25 10
Net cash used in investing activities (530) (468)
Cash flows from financing activities:    
Proceeds from issuance of debt 254 0
Long-term debt payments (532) (258)
Common stock repurchases (25) (25)
Dividends paid (86) (79)
Other financing activities 26 15
Net cash used in financing activities (363) (347)
Net increase (decrease) in cash, cash equivalents, and restricted cash 140 (89)
Cash, cash equivalents, and restricted cash at beginning of year 114 197
Cash, cash equivalents, and restricted cash at end of the period 254 108
Cash paid during the period for:    
Interest (net of amount capitalized) 34 39
Income taxes $ 0 $ 0