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Consolidated Statement of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
CASH FLOWS FROM OPERATING ACTIVITIES:      
Net income (loss) $ 977 $ (3,074) $ 2,300
Adjustments to reconcile net income (loss) to cash provided by (used in) operating activities:      
Depreciation and amortization 1,272 1,255 1,219
Impairment of long-lived assets 12 32 0
Unrealized/realized (gain) loss on fuel derivative instruments (15) 15 0
Deferred income taxes (21) (716) (55)
Gain on sale-leaseback transactions 0 (222) 0
Loss on partial extinguishment of convertible notes 28 0 0
Changes in certain assets and liabilities:      
Accounts and other receivables (701) (294) (94)
Other assets 75 415 239
Accounts payable and accrued liabilities 38 231 298
Air traffic liability 591 1,623 440
Other liabilities (103) (306) (277)
Cash collateral received from derivative counterparties 141 9 25
Other, net 28 (95) (108)
Net cash provided by (used in) operating activities 2,322 (1,127) 3,987
CASH FLOWS FROM INVESTING ACTIVITIES:      
Capital expenditures (505) (515) (1,027)
Supplier proceeds 0 428 400
Proceeds from sale-leaseback transactions 0 815 0
Assets constructed for others (6) 0 0
Purchases of short-term investments (5,824) (5,080) (2,122)
Proceeds from sales of short-term and other investments 5,071 4,336 2,446
Net cash used in investing activities (1,264) (16) (303)
CASH FLOWS FROM FINANCING ACTIVITIES:      
Issuance of common stock 0 2,294 0
Proceeds from issuance of long-term debt 0 5,622 0
Proceeds from term loan credit facility 0 3,683 0
Proceeds from revolving credit facility 0 1,000 0
Proceeds from convertible notes 0 2,300 0
Proceeds from Payroll Support Program loan and warrants 1,136 1,016 0
Proceeds from Employee stock plans 51 48 40
Repurchase of common stock 0 (451) (2,000)
Payments of long-term debt and finance lease obligations     (615)
Payments of term loan credit facility 0 (3,683) 0
Payments of revolving credit facility 0 (1,000) 0
Payments of cash dividends 0 (188) (372)
Payments of terminated interest rate derivative instruments 0 (59) 0
Payments for repurchases and conversions of convertible debt (293) 0 0
Capitalized financing items 0 (134) 0
Other, net 77 49 (43)
Net cash provided by (used in) financing activities 359 9,658 (2,990)
NET CHANGE IN CASH AND CASH EQUIVALENTS 1,417 8,515 694
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD 11,063 2,548 1,854
CASH AND CASH EQUIVALENTS AT END OF PERIOD 12,480 11,063 2,548
CASH PAYMENTS FOR:      
Interest, net of amount capitalized 336 212 88
Income taxes 445 19 779
SUPPLEMENTAL DISCLOSURE OF NONCASH TRANSACTIONS:      
Flight equipment acquired against supplier credit memo 569 0 0
Assets constructed for others 309 145 65
Supplier receivables 0 0 428
Remeasurement of right-of-use asset and lease liability $ 343 $ 0 $ 0