Consolidated Statements of Cash Flows - USD ($)
$ in Millions |
12 Months Ended |
Dec. 31, 2019 |
Dec. 31, 2018 |
Dec. 31, 2017 |
| Cash Flows From Operating Activities: |
|
|
|
| Net income |
$ 4,767
|
$ 3,935
|
$ 3,205
|
| Adjustments to reconcile net income to net cash provided by operating activities: |
|
|
|
| Depreciation and amortization |
2,581
|
2,329
|
2,222
|
| Deferred income taxes |
1,473
|
1,364
|
2,242
|
| Pension, postretirement and postemployment payments greater than expense |
(922)
|
(790)
|
(3,302)
|
| Changes in certain assets and liabilities: |
|
|
|
| Receivables |
(775)
|
108
|
(428)
|
| Fuel inventory |
(139)
|
324
|
(397)
|
| Prepaid expenses and other current assets |
94
|
(440)
|
(57)
|
| Profit sharing |
354
|
233
|
(51)
|
| Accounts payable and accrued liabilities |
144
|
(418)
|
955
|
| Other, net |
307
|
(247)
|
(49)
|
| Net cash provided by operating activities |
8,425
|
7,014
|
5,023
|
| Property and equipment additions: |
|
|
|
| Flight equipment, including advance payments |
(3,344)
|
(3,704)
|
(2,704)
|
| Ground property and equipment, including technology |
(1,592)
|
(1,464)
|
(1,187)
|
| Purchase of equity investments |
(170)
|
0
|
(1,245)
|
| Sale of equity investments |
279
|
28
|
0
|
| Purchase of short-term investments |
0
|
(145)
|
(925)
|
| Redemption of short-term investments |
206
|
766
|
584
|
| Other, net |
58
|
126
|
211
|
| Net cash used in investing activities |
(4,563)
|
(4,393)
|
(5,266)
|
| Cash Flows From Financing Activities: |
|
|
|
| Payments on debt and finance lease obligations |
(3,320)
|
(3,052)
|
(1,258)
|
| Repurchase of common stock |
(2,027)
|
(1,575)
|
(1,677)
|
| Cash dividends |
(980)
|
(909)
|
(731)
|
| Fuel card obligation |
(339)
|
|
|
| Fuel card obligation |
|
7
|
636
|
| Proceeds from short-term obligations |
1,750
|
0
|
0
|
| Proceeds from long-term obligations |
2,057
|
3,745
|
2,454
|
| Other, net |
(21)
|
58
|
(154)
|
| Net cash used in financing activities |
(2,880)
|
(1,726)
|
(730)
|
| Net Increase (Decrease) in Cash, Cash Equivalents and Restricted Cash |
982
|
895
|
(973)
|
| Cash, cash equivalents and restricted cash at beginning of period |
2,748
|
1,853
|
2,826
|
| Cash, cash equivalents and restricted cash at end of period |
3,730
|
2,748
|
1,853
|
| Supplemental Disclosure of Cash Paid for Interest |
481
|
376
|
390
|
| Non-Cash Transactions: |
|
|
|
| Treasury stock contributed to our qualified defined benefit pension plans |
0
|
0
|
350
|
| Right-of-use assets acquired under operating leases |
464
|
1,041
|
0
|
| Flight and ground equipment acquired under finance leases |
650
|
93
|
261
|
| Operating leases converted to finance leases |
190
|
7
|
0
|
| Noncurrent assets: |
|
|
|
| Total cash, cash equivalents and restricted cash |
3,730
|
1,853
|
1,853
|
| Air traffic |
|
|
|
| Changes in certain assets and liabilities: |
|
|
|
| Liabilities and deferred revenue |
454
|
297
|
284
|
| Loyalty program |
|
|
|
| Changes in certain assets and liabilities: |
|
|
|
| Liabilities and deferred revenue |
$ 87
|
$ 319
|
$ 399
|