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Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 31, 2021
Dec. 31, 2020
CURRENT ASSETS    
Cash and cash equivalents $ 2,018 $ 1,918
Investment securities 824 1,135
Receivables, less allowance (2021 - $3; 2020-$2) 207 98
Inventories, less allowance (2021 - $24; 2020-$27) 74 71
Prepaid expenses and other 124 123
Total current assets 3,247 3,345
PROPERTY AND EQUIPMENT    
Flight equipment 11,161 10,256
Pre-delivery deposits for flight equipment 337 420
Total flight equipment and pre-delivery deposits, gross 11,498 10,676
Less accumulated depreciation 3,227 2,888
Total flight equipment and pre-delivery deposits, net 8,271 7,788
Other property and equipment, gross 1,205 1,202
Less accumulated depreciation 662 591
Total other property and equipment, net 543 611
Total property and equipment, net 8,814 8,399
Operating lease assets 729 804
OTHER ASSETS    
Investment securities 39 2
Restricted cash 59 51
Intangible assets, net of accumulated amortization of $405 and $360, at 2021 and 2020, respectively. 284 261
Other 470 544
Total other assets 852 858
TOTAL ASSETS 13,642 13,406
CURRENT LIABILITIES    
Accounts payable 499 365
Air traffic liability 1,618 1,122
Accrued salaries, wages and benefits 480 409
Other accrued liabilities 359 215
Operating lease liabilities 106 113
Current maturities of long-term debt and finance lease obligations 355 450
Total current liabilities 3,417 2,674
LONG-TERM DEBT AND FINANCE LEASE OBLIGATIONS 3,651 4,413
LONG-TERM OPERATING LEASE LIABILITIES 690 752
DEFERRED TAXES AND OTHER LIABILITIES    
Deferred income taxes 843 922
Air traffic liability - non-current 640 616
Other 552 78
Total deferred taxes and other liabilities 2,035 1,616
COMMITMENTS AND CONTINGENCIES (Notes 10 & 11)
STOCKHOLDERS’ EQUITY    
Preferred stock, $0.01 par value; 25 shares authorized, none issued 0 0
Common stock, $0.01 par value; 900 shares authorized, 478 and 474 shares issued and 320 and 316 shares outstanding at 2021 and 2020, respectively 5 5
Treasury stock, at cost; 158 and 158 shares at 2021 and 2020, respectively (1,989) (1,981)
Additional paid-in capital 3,047 2,959
Retained earnings 2,786 2,968
Accumulated other comprehensive income 0 0
Total stockholders’ equity 3,849 3,951
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 13,642 $ 13,406