XML 31 R7.htm IDEA: XBRL DOCUMENT v3.21.2
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended 12 Months Ended
Jun. 30, 2021
Mar. 31, 2021
Jun. 30, 2020
Mar. 31, 2020
Jun. 30, 2021
Jun. 30, 2020
Dec. 31, 2020
Cash flows from operating activities:              
Net Income $ 397 $ (131) $ (214) $ (232) $ 266 $ (446)  
Adjustments to reconcile net income (loss) to net cash provided by operating activities:              
Depreciation and amortization 98   107   195 215  
Stock-based compensation and other         24 7  
Special items - Impairment charges and other (4)   69   14 229  
Restructuring Charges (23) 11 0   (12) 0 $ 220
Changes in certain assets and liabilities:              
Changes in deferred tax provision         (33) 98  
Increase (Decrease) in Contract with Customer, Liability         460 231  
Increase in deferred revenue         69 84  
Other - net         (42) 99  
Net cash provided by operating activities         1,007 321  
Property and equipment additions:              
Aircraft and aircraft purchase deposits         (30) (58)  
Other flight equipment         (38) (43)  
Other property and equipment         (34) (67)  
Total property and equipment additions, including capitalized interest         (102) (168)  
Purchases of marketable securities         (2,524) (1,004)  
Sales and maturities of marketable securities         1,561 1,038  
Other investing activities         5 (10)  
Net cash used in investing activities         (1,070) (124)  
Cash flows from financing activities:              
Proceeds from issuance of debt         363 1,265  
Long-term debt payments         (681) (125)  
Common stock repurchases         0 (31)  
Dividends paid         0 (45)  
Other financing activities         37 27  
Net cash provided by (used in) financing activities         (281) 1,091  
Net increase in cash, cash equivalents, and restricted cash         (344) 1,288  
Cash, cash equivalents, and restricted cash at beginning of year   $ 1,386   $ 232 1,386 232 232
Cash, cash equivalents, and restricted cash at end of the period 1,042   1,520   1,042 1,520 1,386
Cash paid during the period for:              
Interest (net of amount capitalized)         61 25  
Income taxes           0  
Cash and cash equivalents 1,025   1,509   1,025 1,509 $ 1,370
Restricted cash included in Prepaid expenses, assets held-for-sale and other current assets $ 17   $ 11   $ 17 $ 11