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Condensed Consolidated Statement of Cash Flows - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Jun. 30, 2018
Jun. 30, 2017
CASH FLOWS FROM OPERATING ACTIVITIES:        
Net income $ 733 $ 743 $ 1,195 $ 1,082
Adjustments to reconcile net income to cash provided by (used in) operating activities:        
Depreciation and amortization 292 319 569 637
Unrealized/realized (gain) loss on fuel derivative instruments (4) (6) (11) 21
Deferred income taxes 131 68 203 121
Changes in certain assets and liabilities:        
Accounts and other receivables (81) 12 (96) (23)
Other assets (35) (119) (213) (200)
Accounts payable and accrued liabilities 420 (335) (80) (243)
Air traffic liability 100 2 966 920
Cash collateral received from derivative counterparties 75 99 140 136
Other, net 0 (37) (41) (81)
Net cash provided by operating activities 1,631 746 2,632 2,370
CASH FLOWS FROM INVESTING ACTIVITIES:        
Capital expenditures (521) (551) (929) (965)
Assets constructed for others (17) (47) (41) (97)
Purchases of short-term investments (730) (559) (930) (1,121)
Proceeds from sales of short-term and other investments 574 573 1,134 1,130
Net cash used in investing activities (694) (584) (766) (1,053)
CASH FLOWS FROM FINANCING ACTIVITIES:        
Proceeds from Employee stock plans 9 7 17 14
Reimbursement for assets constructed for others 17 47 157 97
Payments of long-term debt and capital lease obligations (75) (59) (157) (428)
Payments of cash dividends (93) (76) (240) (199)
Repayment of construction obligation (7) (2) (15) (5)
Repurchase of common stock (500) (400) (1,000) (950)
Other, net 4 7 (9) 11
Net cash used in financing activities (645) (476) (1,247) (1,460)
NET CHANGE IN CASH AND CASH EQUIVALENTS 292 (314) 619 (143)
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD 1,822 1,851 1,495 1,680
CASH AND CASH EQUIVALENTS AT END OF PERIOD 2,114 1,537 2,114 1,537
CASH PAYMENTS FOR:        
Interest, net of amount capitalized 34 18 52 45
Income taxes 170 376 174 382
SUPPLEMENTAL DISCLOSURE OF NONCASH TRANSACTIONS        
Flight equipment under capital leases 0 65 14 104
Assets constructed for others $ 40 $ 38 $ 80 $ 87