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Consolidated Balance Sheets - USD ($)
$ in Millions
Jun. 30, 2021
Dec. 31, 2020
CURRENT ASSETS    
Cash and cash equivalents $ 2,409 $ 1,918
Investment securities 1,317 1,135
Receivables, net of allowance of $2, at June 30, 2021 and December 31, 2020, respectively. 276 98
Inventories, net of allowance of $22 and $27, at June 30, 2021 and December 31, 2020, respectively. 59 71
Prepaid expenses and other 135 123
Total current assets 4,196 3,345
PROPERTY AND EQUIPMENT    
Flight equipment 10,793 10,256
Predelivery deposits for flight equipment 343 420
Total flight equipment and predelivery deposits, gross 11,136 10,676
Less accumulated depreciation 3,047 2,888
Total flight equipment and predelivery deposits, net 8,089 7,788
Other property and equipment 1,219 1,202
Less accumulated depreciation 629 591
Total other property and equipment, net 590 611
Total property and equipment, net 8,679 8,399
OPERATING LEASE ASSETS 742 804
OTHER ASSETS    
Investment securities 1 2
Restricted cash 53 51
Intangible assets, net of accumulated amortization of $379 and $360, at June 30, 2021 and December 31, 2020, respectively. 264 261
Other 480 544
Total other assets 798 858
TOTAL ASSETS 14,415 13,406
CURRENT LIABILITIES    
Accounts payable 530 365
Air traffic liability 1,880 1,122
Accrued salaries, wages and benefits 435 409
Other accrued liabilities 584 215
Current operating lease liabilities 112 113
Current maturities of long-term debt and finance lease obligations 432 450
Total current liabilities 3,973 2,674
LONG-TERM DEBT AND FINANCE LEASE OBLIGATIONS 3,998 4,413
LONG-TERM OPERATING LEASE LIABILITIES 697 752
DEFERRED TAXES AND OTHER LIABILITIES    
Deferred income taxes 830 922
Air traffic liability - non-current 589 616
Other 515 78
Total deferred taxes and other liabilities 1,934 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, 476 and 474 shares issued and 318 and 316 shares outstanding at June 30, 2021 and December 31, 2020, respectively 5 5
Treasury stock, at cost; 158 and 158 shares at June 30, 2021 and December 31, 2020, respectively (1,989) (1,981)
Additional paid-in capital 3,012 2,959
Retained earnings 2,785 2,968
Accumulated other comprehensive income 0 0
Total stockholders’ equity 3,813 3,951
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 14,415 $ 13,406