XML 22 R7.htm IDEA: XBRL DOCUMENT v3.22.1
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
CASH FLOWS FROM OPERATING ACTIVITIES    
Net loss $ (255) $ (247)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Deferred income taxes (141) (97)
Depreciation 130 117
Amortization 13 8
Stock-based compensation 11 8
Changes in certain operating assets and liabilities 499 304
Deferred federal payroll support program grants 0 87
Other, net (10) (3)
Net cash provided by operating activities 247 177
CASH FLOWS FROM INVESTING ACTIVITIES    
Capital expenditures (85) (211)
Predelivery deposits for flight equipment (49) (6)
Purchase of held-to-maturity investments (63) 0
Purchase of available-for-sale securities (290) 0
Proceeds from the sale of available-for-sale securities 153 270
Other, net 0 (1)
Net cash provided by (used in) investing activities (334) 52
CASH FLOWS FROM FINANCING ACTIVITIES    
Proceeds from issuance of long-term debt 0 855
Proceeds from issuance of stock warrants 0 8
Repayment of long-term debt and finance lease obligations (83) (644)
Acquisition of treasury stock (6) (6)
Other, net 0 (1)
Net cash provided by (used in) financing activities (89) 212
INCREASE (DECREASE) IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH (176) 441
Cash, cash equivalents and restricted cash at beginning of period 2,077 1,969
Cash, cash equivalents and restricted cash at end of period [1] 1,901 2,410
SUPPLEMENTAL CASH FLOW INFORMATION    
Cash payments for interest 20 40
Cash payments for income taxes (net of refunds) 1 0
NON-CASH TRANSACTIONS    
Operating lease assets obtained under operating leases 59 0
Cash and cash equivalents 1,834 2,358
Restricted Cash 67 52
Total cash, cash equivalents and restricted cash [1] $ 1,901 $ 2,410
[1] Reconciliation of cash, cash equivalents and restricted cash reported within the consolidated balance sheets:
March 31, 2022March 31, 2021
Cash and cash equivalents$1,815 $2,358 
Restricted cash$67 52 
Total cash, cash equivalents and restricted cash$1,882 $2,410