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Condensed Consolidated Statement of Cash Flows - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Sep. 30, 2017
Sep. 30, 2016
CASH FLOWS FROM OPERATING ACTIVITIES:        
Net income $ 503 $ 388 $ 1,600 $ 1,722
Adjustments to reconcile net income to cash provided by (used in) operating activities:        
Depreciation and amortization 302 315 939 903
Loss on asset impairment 0 0 0 21
Aircraft grounding charge 63 0 63 0
Unrealized/realized (gain) loss on fuel derivative instruments (42) (67) (20) (101)
Deferred income taxes 82 315 213 395
Changes in certain assets and liabilities:        
Accounts and other receivables 0 (320) (23) (355)
Other assets (64) (16) (264) (61)
Accounts payable and accrued liabilities 89 247 (156) 272
Air traffic liability (80) (77) 817 686
Cash collateral received from derivative counterparties 151 114 286 230
Other, net (8) (43) (89) (128)
Net cash provided by operating activities 996 856 3,366 3,584
CASH FLOWS FROM INVESTING ACTIVITIES:        
Capital expenditures (638) (464) (1,603) (1,364)
Assets constructed for others (17) (33) (113) (70)
Purchases of short-term investments (531) (641) (1,653) (1,670)
Proceeds from sales of short-term and other investments 566 549 1,696 1,671
Payments for (Proceeds from) Other Investing Activities 0 5 0 0
Net cash used in investing activities (620) (584) (1,673) (1,433)
CASH FLOWS FROM FINANCING ACTIVITIES:        
Proceeds from Employee stock plans 7 6 22 23
Reimbursement for assets constructed for others 17 33 113 68
Payments of long-term debt and capital lease obligations (106) (68) (534) (171)
Payments of cash dividends (75) (62) (274) (222)
Repayment of construction obligation (2) (2) (7) (6)
Repurchase of common stock (300) (250) (1,250) (1,450)
Other, net 6 (3) 17 (10)
Net cash used in financing activities (453) (346) (1,913) (1,768)
NET CHANGE IN CASH AND CASH EQUIVALENTS (77) (74) (220) 383
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD 1,537 2,040 1,680 1,583
CASH AND CASH EQUIVALENTS AT END OF PERIOD 1,460 1,966 1,460 1,966
CASH PAYMENTS FOR:        
Interest, net of amount capitalized 16 27 61 77
Income taxes 229 264 611 902
SUPPLEMENTAL DISCLOSURE OF NONCASH TRANSACTIONS        
Flight equipment acquired through the assumption of debt 0 20 0 20
Flight equipment under capital leases 77 0 180 251
Assets constructed for others $ 39 $ 50 $ 127 $ 165