XML 89 R10.htm IDEA: XBRL DOCUMENT v3.25.0.1
Consolidated Statement of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
CASH FLOWS FROM OPERATING ACTIVITIES:      
Net income $ 465 $ 465 $ 539
Adjustments to reconcile net income to cash provided by operating activities:      
Depreciation and amortization 1,657 1,522 1,351
Impairment of long-lived assets 0 0 35
Unrealized mark-to-market adjustment on available for sale securities 0 (4) 4
Unrealized/realized gain on fuel derivative instruments 0 0 (2)
Deferred income taxes 132 159 228
Gain on sale-leaseback transactions (92) 0 0
Loss on extinguishment of debt 2 0 193
Changes in certain assets and liabilities:      
Accounts and other receivables 19 (89) 422
Other assets (8) 60 (66)
Accounts payable and accrued liabilities (1,363) 1,386 936
Air traffic liability (37) 29 525
Other liabilities (197) (137) (334)
Cash collateral provided to derivative counterparties (28) (56) (69)
Other, net (88) (171) 28
Net cash provided by operating activities 462 3,164 3,790
CASH FLOWS FROM INVESTING ACTIVITIES:      
Capital expenditures (2,054) (3,520) (3,924)
Proceeds from sale-leaseback transactions 871 0 0
Assets constructed for others (26) (33) (22)
Purchases of short-term investments (5,014) (6,970) (5,592)
Proceeds from sales of short-term and other investments 5,995 7,591 5,792
Other, net (33) 0 0
Net cash used in investing activities (261) (2,932) (3,746)
CASH FLOWS FROM FINANCING ACTIVITIES:      
Payroll Support Program stock warrants repurchase (6) 0 0
Proceeds from Employee stock plans 60 48 45
Repurchase of common stock (250) 0 0
Payments of long-term debt and finance lease obligations (1,337) (85) (2,437)
Payments of cash dividends (430) (428) 0
Proceeds of terminated interest rate derivative instruments 0 23 0
Payments for repurchases and conversions of convertible debt 0 0 (648)
Other, net (17) 6 8
Net cash used in financing activities (1,980) (436) (3,032)
NET CHANGE IN CASH AND CASH EQUIVALENTS (1,779) (204) (2,988)
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD 9,288 9,492 12,480
CASH AND CASH EQUIVALENTS AT END OF PERIOD 7,509 9,288 9,492
CASH PAYMENTS FOR:      
Interest, net of amount capitalized 220 228 305
Income taxes 9 18 20
SUPPLEMENTAL DISCLOSURE OF NON-CASH TRANSACTIONS:      
Adoption of Accounting Standards Update 2020-06, Debt 0 0 245
Right-of-use assets acquired or modified under operating leases 377 82 58
Flight and ground equipment acquired or modified under finance leases $ 15 $ 0 $ 0