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Condensed Consolidated Statement of Cash Flows - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
CASH FLOWS FROM OPERATING ACTIVITIES:        
Net income $ 746 $ 820 $ 1,097 $ 1,333
Adjustments to reconcile net income to cash provided by (used in) operating activities:        
Depreciation and amortization 319 299 637 588
Loss on asset impairment 0 21 0 21
Unrealized/realized (gain) loss on fuel derivative instruments (6) (122) 21 (34)
Deferred income taxes 69 54 131 80
Changes in certain assets and liabilities:        
Accounts and other receivables 12 (14) (23) (35)
Other assets (119) (49) (200) (45)
Accounts payable and accrued liabilities (338) (288) (245) 25
Air traffic liability 1 79 897 764
Cash collateral received from (provided to) derivative counterparties 99 347 136 116
Other, net (37) (35) (81) (85)
Net cash provided by operating activities 746 1,112 2,370 2,728
CASH FLOWS FROM INVESTING ACTIVITIES:        
Capital expenditures (551) (462) (965) (900)
Assets constructed for others (47) (26) (97) (37)
Purchases of short-term investments (559) (773) (1,121) (1,029)
Proceeds from sales of short-term and other investments 573 591 1,130 1,122
Payments for (Proceeds from) Other Investing Activities 0 (4) 0 (5)
Net cash used in investing activities (584) (674) (1,053) (849)
CASH FLOWS FROM FINANCING ACTIVITIES:        
Proceeds from Employee stock plans 7 6 14 17
Reimbursement for assets constructed for others 47 25 97 35
Payments of long-term debt and capital lease obligations (59) (48) (428) (103)
Payments of cash dividends (76) (63) (199) (160)
Repayment of construction obligation (2) (2) (5) (4)
Repurchase of common stock (400) (700) (950) (1,200)
Other, net 7 (4) 11 (7)
Net cash used in financing activities (476) (786) (1,460) (1,422)
NET CHANGE IN CASH AND CASH EQUIVALENTS (314) (348) (143) 457
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD 1,851 2,388 1,680 1,583
CASH AND CASH EQUIVALENTS AT END OF PERIOD 1,537 2,040 1,537 2,040
CASH PAYMENTS FOR:        
Interest, net of amount capitalized 18 23 45 50
Income taxes 376 565 382 638
SUPPLEMENTAL DISCLOSURE OF NONCASH TRANSACTIONS        
Flight equipment under capital leases 65 83 104 251
Assets constructed for others $ 38 $ 55 $ 87 $ 115