XML 17 R2.htm IDEA: XBRL DOCUMENT v3.25.1
Consolidated Balance Sheets - USD ($)
$ in Millions
Mar. 31, 2025
Dec. 31, 2024
CURRENT ASSETS    
Cash and cash equivalents $ 2,297 $ 1,921
Investment securities 1,205 1,689
Receivables, less allowance (2025 - $5; 2024 - $6) 361 348
Inventories, less allowance (2025 - $46; 2024 - $43) 163 158
Prepaid expenses and other 165 142
Total current assets 4,191 4,258
PROPERTY AND EQUIPMENT    
Flight equipment 14,199 14,103
Pre-delivery deposits for flight equipment 314 315
Total flight equipment and pre-delivery deposits, gross 14,513 14,418
Less accumulated depreciation 4,326 4,243
Total flight equipment and pre-delivery deposits, net 10,187 10,175
Other property and equipment, gross 1,361 1,342
Less accumulated depreciation 876 861
Total other property and equipment, net 485 481
Total property and equipment, net 10,672 10,656
OPERATING LEASE ASSETS 891 550
OTHER ASSETS    
Investment securities 322 336
Restricted cash and cash equivalents 236 227
Intangible assets, net of accumulated amortization (2025 - $597; 2024 - $580) 399 399
Other 390 415
Total other assets 1,347 1,377
TOTAL ASSETS 17,101 16,841
CURRENT LIABILITIES    
Accounts payable 648 619
Air traffic liability 1,773 1,572
Accrued salaries, wages and benefits 648 663
Other accrued liabilities 585 542
Current operating lease liabilities 102 93
Current maturities of long-term debt and finance lease obligations 384 392
Total current liabilities 4,140 3,881
LONG-TERM DEBT AND FINANCE LEASE OBLIGATIONS 8,090 8,147
LONG-TERM OPERATING LEASE LIABILITIES 838 510
DEFERRED TAXES AND OTHER LIABILITIES    
Deferred income taxes 566 633
Air traffic liability - non-current 654 653
Other 368 376
Total deferred taxes and other liabilities 1,588 1,662
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, 515 and 513 shares issued and 354 and 353 shares outstanding at March 31, 2025 and December 31, 2024, respectively 5 5
Treasury stock, at cost; 161 and 160 shares at March 31, 2025 and December 31, 2024, respectively (2,010) (2,005)
Additional paid-in capital 3,332 3,320
Retained earnings 1,111 1,319
Accumulated other comprehensive income 7 2
Total stockholders' equity 2,445 2,641
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 17,101 $ 16,841