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Condensed Consolidated Statement of Cash Flows - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Sep. 30, 2016
Sep. 30, 2015
CASH FLOWS FROM OPERATING ACTIVITIES:        
Net income $ 388 $ 584 $ 1,722 $ 1,645
Adjustments to reconcile net income to cash provided by (used in) operating activities:        
Depreciation and amortization 315 258 903 751
Loss as asset impairment 0 0 21 0
Unrealized/realized (gain) loss on fuel derivative instruments (67) 87 (101) 172
Deferred income taxes 315 (82) 395 (40)
Changes in certain assets and liabilities:        
Accounts and other receivables (320) 4 (355) (86)
Other assets (16) 33 (61) 40
Accounts payable and accrued liabilities 247 380 272 424
Air traffic liability (77) (301) 686 617
Cash collateral received from (provided to) derivative counterparties 114 181 230 (213)
Other, net (43) (308) (128) (396)
Net cash provided by operating activities 856 836 3,584 2,914
CASH FLOWS FROM INVESTING ACTIVITIES:        
Capital expenditures (464) (230) (1,364) (1,231)
Assets constructed for others (33) (32) (70) (76)
Purchases of short-term investments (641) (506) (1,670) (1,383)
Proceeds from sales of short-term and other investments 549 509 1,671 1,732
Payments for (Proceeds from) Other Investing Activities 5 0 0 (9)
Net cash used in investing activities (584) (259) (1,433) (967)
CASH FLOWS FROM FINANCING ACTIVITIES:        
Proceeds from Employee stock plans 6 9 23 30
Proceeds from termination of interest rate derivative instruments 0 0 0 12
Reimbursement for assets constructed for others 33 9 68 14
Payments of long-term debt and capital lease obligations (68) (79) (171) (170)
Payments of cash dividends (62) (49) (222) (180)
Repayment of construction obligation (2) (3) (6) (8)
Repurchase of common stock (250) (500) (1,450) (1,180)
Other, net (3) 4 (10) (7)
Net cash used in financing activities (346) (609) (1,768) (1,489)
NET CHANGE IN CASH AND CASH EQUIVALENTS (74) (32) 383 458
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD 2,040 1,772 1,583 1,282
CASH AND CASH EQUIVALENTS AT END OF PERIOD 1,966 1,740 1,966 1,740
CASH PAYMENTS FOR:        
Interest, net of amount capitalized 27 33 77 86
Income taxes 264 409 902 975
SUPPLEMENTAL DISCLOSURE OF NONCASH TRANSACTIONS        
Noncash or Part Noncash Acquisition, Debt Assumed 20 0 20 0
Flight equipment under capital leases 0 48 251 130
Assets constructed for others $ 50 $ 46 $ 165 $ 126