XML 23 R7.htm IDEA: XBRL DOCUMENT v3.24.0.1Close
Consolidated Statements of Cash Flows - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Cash Flows From Operating Activities:      
Net income $ 4,609 $ 1,318 $ 280
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 2,341 2,107 1,998
Deferred income taxes 980 591 115
(Gain)/loss on fair value investments (1,283) 874 (38)
Pension, postretirement and postemployment payments greater than expense (121) (453) (2,038)
Changes in certain assets and liabilities:      
Receivables (7) (728) (981)
Fuel inventory 121 (158) (318)
Prepaids and other current assets 17 (867) (58)
Profit sharing 821 455 108
Other payables, deferred revenue and accrued liabilities (285) 1,226 1,986
Noncurrent liabilities (18) (348) (399)
Other, net (33) 120 419
Net cash provided by operating activities 6,464 6,363 3,264 Close
Property and equipment additions:      
Flight equipment, including advance payments (3,645) (4,495) (1,596)
Ground property and equipment, including technology (1,678) (1,871) (1,651)
Purchase of equity investments (152) (870) 0
Purchase of short-term investments (2,312) (2,704) (12,655)
Redemption of short-term investments 4,547 2,804 15,036
Other, net 92 212 (32)
Net cash used in investing activities (3,148) (6,924) (898) Close
Cash Flows From Financing Activities:      
Proceeds from long-term obligations 878 0 1,902
Payments on debt and finance lease obligations (4,071) (4,475) (5,834)
Cash dividends (128) 0 0
Other, net (73) (60) 80
Net cash used in financing activities (3,394) (4,535) (3,852) Close
Net Decrease in Cash, Cash Equivalents and Restricted Cash (78) (5,096) (1,486) Close
Cash, cash equivalents and restricted cash at beginning of period 3,473 8,569 10,055
Cash, cash equivalents and restricted cash at end of period 3,395 3,473 8,569
Supplemental Disclosure of Cash Paid for Interest 1,164 1,261 1,524
Non-Cash Transactions:      
Right-of-use assets acquired under operating leases 661 531 2,113
Flight and ground equipment acquired under finance leases 31 91 1,049
Operating leases converted to finance leases 84 342 42
Equity investments and other financings 0 330 0
Air traffic      
Changes in certain assets and liabilities:      
Liabilities and deferred revenue (1,216) 1,902 1,814
Loyalty program      
Changes in certain assets and liabilities:      
Liabilities and deferred revenue $ 538 $ 324 $ 376