XML 34 R2.htm IDEA: XBRL DOCUMENT v3.20.1
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Millions
Mar. 31, 2020
Dec. 31, 2019
CURRENT ASSETS    
Cash and cash equivalents $ 1,618 $ 959
Investment securities 181 369
Receivables, less allowance (2020-$2; 2019-$1) 101 231
Inventory, Net 81 81
Prepaid expenses and other 213 146
Total current assets 2,194 1,786
PROPERTY AND EQUIPMENT    
Flight equipment 10,526 10,332
Predelivery deposits for flight equipment 454 433
Flight Equipment, gross plus deposits 10,980 10,765
Less accumulated depreciation 2,853 2,768
Flight Equipment, Net 8,127 7,997
Other property and equipment 1,171 1,145
Less accumulated depreciation 547 528
Property plant and equipment other net 624 617
Total property and equipment, net 8,751 8,614
Operating Lease, Right-of-Use Asset 761 912
OTHER ASSETS    
Investment securities 3 3
Restricted cash 59 59
Other 572 544
Total other assets 634 606
TOTAL ASSETS 12,340 11,918
CURRENT LIABILITIES    
Accounts payable 422 401
Air traffic liability 1,231 1,119
Accrued salaries, wages and benefits 379 376
Other accrued liabilities 190 295
Operating Lease, Liability, Current 91 128
Short-term Debt 983 0
Current maturities of long-term debt and finance lease obligations 326 344
Total current liabilities 3,622 2,663
LONG-TERM DEBT AND FINANCE LEASE OBLIGATIONS 1,908 1,990
Operating Lease, Liability, Noncurrent 709 690
DEFERRED TAXES AND OTHER LIABILITIES    
Deferred income taxes 1,213 1,251
Air traffic liability - loyalty non-current 478 481
Other 44 44
Total deferred taxes and other liabilities 1,735 1,776
STOCKHOLDERS’ EQUITY    
Preferred stock, $0.01 par value; 25 shares authorized, none issued 0 0
Common stock, $0.01 par value; 900 shares authorized, 428 and 427 shares issued and 270 and 282 shares outstanding at March 31, 2020 and December 31, 2019, respectively 4 4
Treasury stock, at cost; 158 and 145 shares at March 31, 2020 and December 31, 2019, respectively (1,980) (1,782)
Additional paid-in capital 2,294 2,253
Retained earnings 4,054 4,322
Accumulated other comprehensive (loss) income (6) 2
Total stockholders’ equity 4,366 4,799
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 12,340 $ 11,918