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Condensed Consolidated Statement of Cash Flows - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
CASH FLOWS FROM OPERATING ACTIVITIES:        
Net income (loss) $ (915) $ 741 $ (1,009) $ 1,128
Adjustments to reconcile net income to cash provided by (used in) operating activities:        
Depreciation and amortization 313 302 624 598
Unrealized/realized (gain) loss on fuel derivative instruments 6 0 8 0
Deferred income taxes (181) 36 (230) 50
Gain on sale-leaseback transactions (222) 0 (222) 0
Changes in certain assets and liabilities:        
Accounts and other receivables (119) 18 64 (204)
Other assets 224 86 282 115
Accounts payable and accrued liabilities 1,200 (89) (90) (346)
Air traffic liability 667 (30) 1,368 914
Other liabilities (74) (54) (206) (123)
Cash collateral received from (provided to) derivative counterparties 12 (15) 7 0
Other, net (14) (29) (76) (61)
Net cash provided by operating activities 897 966 520 2,071
CASH FLOWS FROM INVESTING ACTIVITIES:        
Capital expenditures (113) (230) (336) (390)
Supplier Proceeds 128 0 428 0
Purchases of short-term investments (1,316) (550) (2,345) (800)
Proceeds from sales of short-term and other investments 818 528 1,765 1,103
Net cash provided by (used in) investing activities 332 (252) 327 (87)
CASH FLOWS FROM FINANCING ACTIVITIES:        
Issuance of common stock 2,294 0 2,294 0
Proceeds from issuance of long-term debt 3,997 0 4,497 0
Proceeds from term loan credit facility 2,683 0 3,683 0
Proceeds from revolving credit facility 0 0 1,000 0
Proceeds from convertible notes 2,300 0 2,300 0
Proceeds from Payroll Support Program loan and warrants 885 0 885 0
Proceeds from Employee stock plans 13 10 24 20
Repurchase of common stock 0 (450) (451) (950)
Payments of long-term debt and finance lease obligations (159) (75) (237) (175)
Payments of cash dividends 0 (98) (188) (276)
Capitalized financing costs 171 0 176 0
Other, net 23 1 8 (11)
Net cash provided by (used in) financing activities 7,182 (612) 8,956 (1,392)
NET CHANGE IN CASH AND CASH EQUIVALENTS 8,411 102 9,803 592
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD 3,940 2,344 2,548 1,854
CASH AND CASH EQUIVALENTS AT END OF PERIOD 12,351 2,446 12,351 2,446
CASH PAYMENTS FOR:        
Interest, net of amount capitalized 40 33 54 48
Income taxes 5 314 10 318
Cash Flow, Noncash Investing and Financing Activities Disclosure [Abstract]        
Right-of-use assets acquired under operating leases 661 0 686 0
Assets Constructed for Others 41 24 75 45
Sale Leaseback Cash Proceeds Investing 815 0 815 0
364-Day Term Loan Credit Facility        
Cash Flow, Noncash Investing and Financing Activities Disclosure [Abstract]        
Repayment of Short-term Debt (3,683) 0 (3,683) 0
Revolving Credit Facility        
CASH FLOWS FROM FINANCING ACTIVITIES:        
Payments of revolving credit facility $ (1,000) $ 0 $ (1,000) $ 0