XML 21 R6.htm IDEA: XBRL DOCUMENT v3.23.3
Condensed Consolidated Statement of Cash Flows - USD ($)
$ in Millions
 3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
CASH FLOWS FROM OPERATING ACTIVITIES:        
Net income $ 193 $ 277 $ 717 $ 759
Adjustments to reconcile net income to cash provided by operating activities:        
Depreciation and amortization 375 335 1,107 984
Impairment of long-lived assets 0 4 0 35
Unrealized mark-to-market adjustment on available for sale securities 0 0 (4) 7
Unrealized/realized (gain) on fuel derivative instruments (21) (26) (14) (11)
Deferred income taxes 57 76 214 250
Loss on extinguishment of debt 0 76 0 192
Changes in certain assets and liabilities:        
Accounts and other receivables (216) 58 (405) 162
Other assets (35) 30 74 (14)
Accounts payable and accrued liabilities 352 (70) 645 436
Air traffic liability (59) (93) 750 700
Other liabilities (89) (83) (180) (292)
Cash collateral received from (provided to) derivative counterparties 40 (325) (6) (41)
Other, net 19 (25) (159) 44
Net cash provided by operating activities 616 234 2,739 3,211
CASH FLOWS FROM INVESTING ACTIVITIES:        
Capital expenditures (842) (1,072) (2,812) (2,568)
Assets constructed for others (8) (7) (23) (14)
Purchases of short-term investments (1,620) (1,743) (5,347) (4,213)
Proceeds from sales of short-term and other investments 2,406 1,702 5,914 3,982
Net cash used in investing activities (64) (1,120) (2,268) (2,813)
CASH FLOWS FROM FINANCING ACTIVITIES:        
Proceeds from Employee stock plans 13 12 36 32
Payments of long-term debt and finance lease obligations (11) (1,679) (78) (1,825)
Payments of cash dividends (214) 0 (428) 0
Payments for repurchases and conversions of convertible debt 0 (239) 0 (648)
Other, net (1) 1 4 6
Net cash used in financing activities (213) (1,905) (466) (2,435)
NET CHANGE IN CASH AND CASH EQUIVALENTS 339 (2,791) 5 (2,037)
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD 9,158 13,234 9,492 12,480
CASH AND CASH EQUIVALENTS AT END OF PERIOD 9,497 10,443 9,497 10,443
CASH PAYMENTS FOR:        
Interest, net of amount capitalized 19 42 134 203
Income taxes 1 8 9 19
SUPPLEMENTAL DISCLOSURE OF NONCASH TRANSACTIONS:        
Adoption of Accounting Standards Update 2020-06, Debt 0 0 0 245
Right-of-use assets acquired under operating leases $ 9 $ 14 $ 78 $ 42