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Consolidated Statement 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 $ 2,300 $ 2,465 $ 3,357
Adjustments to reconcile net income to cash provided by (used in) operating activities:      
Depreciation and amortization 1,219 1,201 1,218
Boeing 737-300 aircraft grounding charge 0 0 63
Unrealized/realized gains on fuel derivative instruments 0 (14) (50)
Deferred income taxes (55) 301 (1,066)
Changes in certain assets and liabilities:      
Accounts and other receivables (94) 117 (102)
Other assets 239 (227) (262)
Accounts payable and accrued liabilities 298 545 233
Air traffic liability 440 506 343
Other liabilities (277) 0 0
Cash collateral received from (provided to) derivative counterparties 25 (15) 316
Other, net (108) 14 (121)
Net cash provided by operating activities 3,987 4,893 3,929
Net cash used in investing activities      
Capital expenditures (1,027) (1,922) (2,123)
Supplier proceeds 400 0 0
Assets constructed for others 0 (54) (126)
Purchases of short-term investments (2,122) (2,409) (2,380)
Proceeds from sale of short-term and other investments 2,446 2,342 2,221
Other, net 0 5 0
Net cash used in investing activities (303) (2,038) (2,408)
Net cash used in financing activities      
Proceeds from issuance of long-term debt 0 0 600
Proceeds from Employee stock plans 40 35 29
Reimbursement for assets constructed for others 0 170 126
Payments of long-term debt and finance lease obligations (615) (342) (592)
Payments of cash dividends 372 332 274
Repayment of construction obligation 0 (30) (10)
Repurchase of common stock (2,000) (2,000) (1,600)
Other, net (43) 3 15
Net cash used in financing activities (2,990) (2,496) (1,706)
NET CHANGE IN CASH AND CASH EQUIVALENTS 694 359 (185)
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD 1,854 1,495 1,680
CASH AND CASH EQUIVALENTS AT END OF PERIOD 2,548 1,854 1,495
CASH PAYMENTS FOR:      
Interest, net of amount capitalized 88 107 81
Income taxes 779 327 992
SUPPLEMENTAL DISCLOSURE OF NONCASH TRANSACTIONS:      
Flight equipment under finance leases 1 32 233
Assets constructed for others 65 171 197
Supplier receivables $ 428 $ 0 $ 0