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STATEMENTS OF CONSOLIDATED CASH FLOWS (UAH) - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Operating Activities:      
Net income $ 3,149 $ 2,618 $ 737
Adjustments to reconcile net income to net cash provided by (used in) operating activities -      
Deferred income tax 935 756 248
Depreciation and amortization 2,928 2,671 2,456
Operating and non-operating special charges, non-cash portion 158 84 16
Unrealized (gains) losses on investments 199 (27) (20)
Amortization of debt discount and debt issuance costs 166 139 156
Other operating activities 9 6 218
Changes in operating assets and liabilities -      
(Increase) decrease in receivables 280 (100) (158)
Increase in prepaids and other assets (166) (463) (86)
Increase (decrease) in advance ticket sales 857 (851) 1,200
Increase in frequent flyer deferred revenue 298 468 393
Increase in accounts payable 178 572 796
Increase in other liabilities 454 1,038 110
Net cash provided by operating activities 9,445 6,911 6,066
Investing Activities:      
Capital expenditures, net of flight equipment purchase deposit returns (5,615) (7,171) (4,819)
Purchases of short-term and other investments (5,809) (9,470) (11,232)
Proceeds from sale of short-term and other investments 8,661 10,519 2,084
Proceeds from sale of property and equipment 109 39 207
Other, net 3 (23) (69)
Net cash used in investing activities (2,651) (6,106) (13,829)
Financing Activities:      
Proceeds from issuance of debt and other financial liabilities, net of discounts and fees 6,139 2,388 736
Payments of long-term debt, finance leases and other financial liabilities (10,138) (4,248) (4,011)
Repurchases of common stock (162) 0 0
Other, net (21) (32) (74)
Net cash used in financing activities (4,182) (1,892) (3,349)
Net increase (decrease) in cash, cash equivalents and restricted cash 2,612 (1,087) (11,112)
Cash, cash equivalents and restricted cash at beginning of year 6,334 7,421 18,533
Cash, cash equivalents and restricted cash at end of year 8,946 6,334 7,421
Investing and Financing Activities Not Affecting Cash:      
Property and equipment acquired through the issuance of debt, finance leases and other 406 777 19
Right-of-use assets acquired through operating leases 577 552 137
Lease modifications and lease conversions 290 546 (84)
Investment interests received in exchange for goods and services 18 33 103
Cash Paid During the Period for:      
Interest 1,494 1,848 1,573
Income taxes $ 88 $ 7 $ 8