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Consolidated Balance Sheets - USD ($)
$ in Millions
Sep. 30, 2021
Dec. 31, 2020
CURRENT ASSETS    
Cash and cash equivalents $ 2,193 [1] $ 1,918
Investment securities 1,100 1,135
Receivables, net of allowance of $3 and $2, at September 30, 2021 and December 31, 2020, respectively. 210 98
Inventories, net of allowance of $23 and $27, at September 30, 2021 and December 31, 2020, respectively. 64 71
Prepaid expenses and other 123 123
Total current assets 3,690 3,345
PROPERTY AND EQUIPMENT    
Flight equipment 11,031 10,256
Predelivery deposits for flight equipment 339 420
Total flight equipment and predelivery deposits, gross 11,370 10,676
Less accumulated depreciation 3,131 2,888
Total flight equipment and predelivery deposits, net 8,239 7,788
Other property and equipment 1,199 1,202
Less accumulated depreciation 644 591
Total other property and equipment, net 555 611
Total property and equipment, net 8,794 8,399
OPERATING LEASE ASSETS 750 804
OTHER ASSETS    
Investment securities 1 2
Restricted cash 59 51
Intangible assets, net of accumulated amortization of $392 and $360, at September 30, 2021 and December 31, 2020, respectively. 283 261
Other 492 544
Total other assets 835 858
TOTAL ASSETS 14,069 13,406
CURRENT LIABILITIES    
Accounts payable 575 365
Air traffic liability 1,679 1,122
Accrued salaries, wages and benefits 465 409
Other accrued liabilities 348 215
Current operating lease liabilities 108 113
Current maturities of long-term debt and finance lease obligations 391 450
Total current liabilities 3,566 2,674
LONG-TERM DEBT AND FINANCE LEASE OBLIGATIONS 3,760 4,413
LONG-TERM OPERATING LEASE LIABILITIES 712 752
DEFERRED TAXES AND OTHER LIABILITIES    
Deferred income taxes 882 922
Air traffic liability - non-current 618 616
Other 582 78
Total deferred taxes and other liabilities 2,082 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 September 30, 2021 and December 31, 2020, respectively 5 5
Treasury stock, at cost; 158 and 158 shares at September 30, 2021 and December 31, 2020, respectively (1,989) (1,981)
Additional paid-in capital 3,018 2,959
Retained earnings 2,915 2,968
Accumulated other comprehensive income 0 0
Total stockholders’ equity 3,949 3,951
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 14,069 $ 13,406
[1]
(1) Reconciliation of cash, cash equivalents and restricted cash reported within the consolidated balance sheets:
September 30, 2021September 30, 2020
Cash and cash equivalents$2,193 $2,453 
Short-term restricted cash recorded within prepaid expenses and other— 74 
Restricted cash59 52 
Total cash, cash equivalents and restricted cash$2,252 $2,579