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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Cash flows from operating activities:      
Net Income $ 769 $ 437 $ 960
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 423 398 372
Stock-based compensation and other 29 47 55
Changes in certain assets and liabilities:      
Changes in deferred tax provision 209 146 45
(Increase) decrease in accounts receivable 43 (25) (39)
Increase (decrease) in air traffic liability 112 (18) 45
Increase (decrease) in deferred revenue 116 149 191
Changes in pension and other postretirement benefits 68 52 17
Other - net 18 9 (41)
Net cash provided by operating activities 1,722 1,195 1,590
Property and equipment additions:      
Aircraft and aircraft purchase deposits (356) (686) (804)
Other flight equipment (178) (105) (96)
Other property and equipment (162) (169) (126)
Total property and equipment additions (696) (960) (1,026)
Purchases of marketable securities (1,810) (834) (1,569)
Sales and maturities of marketable securities 1,674 1,116 1,388
Proceeds from disposition of assets and changes in restricted deposits 41 47 78
Net cash used in investing activities (791) (631) (1,129)
Cash flows from financing activities:      
Proceeds from issuance of long-term debt, net of issuance costs 450 339 0
Long-term debt payments (1,058) (807) (397)
Common stock repurchases (75) (50) (75)
Cash dividend paid (173) (158) (148)
Other financing activities 43 29 28
Net cash used in financing activities (813) (647) (592)
Net increase (decrease) in cash, cash equivalents, and restricted cash 118 (83) (131)
Cash, cash equivalents, and restricted cash at beginning of year 114 197 328
Cash, cash equivalents, and restricted cash at end of year 232 114 197
Cash paid during the year for:      
Interest, net of amount capitalized 60 72 84
Income taxes, net of refunds received 31 0 177
Cash and cash equivalents $ 221 $ 105 $ 194