XML 23 R2.htm IDEA: XBRL DOCUMENT v3.21.1
Consolidated Balance Sheets - USD ($)
$ in Millions
Mar. 31, 2021
Dec. 31, 2020
CURRENT ASSETS    
Cash and cash equivalents $ 2,358 [1] $ 1,918
Investment securities 867 1,135
Receivables, less allowance (2021-$2; 2020-$2) 153 98
Inventories, less allowance (2021-$28; 2020-$27) 68 71
Prepaid expenses and other 162 123
Total current assets 3,608 3,345
PROPERTY AND EQUIPMENT    
Flight equipment 10,466 10,256
Predelivery deposits for flight equipment 393 420
Total flight equipment and predelivery deposits, gross 10,859 10,676
Less accumulated depreciation 2,968 2,888
Total flight equipment and predelivery deposits, net 7,891 7,788
Other property and equipment 1,225 1,202
Less accumulated depreciation 610 591
Total other property and equipment, net 615 611
Total property and equipment, net 8,506 8,399
OPERATING LEASE ASSETS 772 804
OTHER ASSETS    
Investment securities 0 2
Restricted cash 52 51
Intangible assets, net of accumulated amortization of $368 and $360, at 2021 and 2020, respectively. 243 261
Other 479 544
Total other assets 774 858
TOTAL ASSETS 13,660 13,406
CURRENT LIABILITIES    
Accounts payable 375 365
Air traffic liability 1,405 1,122
Accrued salaries, wages and benefits 413 409
Other accrued liabilities 363 215
Current operating lease liabilities 112 113
Current maturities of long-term debt and finance lease obligations 463 450
Total current liabilities 3,131 2,674
LONG-TERM DEBT AND FINANCE LEASE OBLIGATIONS 4,619 4,413
LONG-TERM OPERATING LEASE LIABILITIES 725 752
DEFERRED TAXES AND OTHER LIABILITIES    
Deferred income taxes 826 922
Air traffic liability - non-current 573 616
Other 72 78
Total deferred taxes and other liabilities 1,471 1,616
COMMITMENTS AND CONTINGENCIES (Note 6)
STOCKHOLDERS’ EQUITY    
Preferred stock, $0.01 par value; 25 shares authorized, none issued 0 0
Common stock, $0.01 par value; 900 shares authorized, 475 and 474 shares issued and 317 and 316 shares outstanding at March 31, 2021 and December 31, 2020, respectively 5 5
Treasury stock, at cost; 158 and 158 shares at March 31, 2021 and December 31, 2020, respectively (1,987) (1,981)
Additional paid-in capital 2,975 2,959
Retained earnings 2,721 2,968
Accumulated other comprehensive income 0 0
Total stockholders’ equity 3,714 3,951
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 13,660 $ 13,406
[1] Reconciliation of cash, cash equivalents and restricted cash reported within the consolidated balance sheets: