| Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 | Dec'09 | Dec'08 |
|---|---|---|---|---|---|---|---|---|---|---|---|
Cash flows from operating activities: | |||||||||||
Net Income | |||||||||||
769,000 | 437,000 | 960,000 | 797,000 | 848,000 | 605,000 | 508,000 | 316,000 | 245,000 | 251,000 | 121,600 | -135,900 |
Adjustments to reconcile net income (loss) to net cash provided by operating activities: | |||||||||||
Special mileage plan accounting adjustment | |||||||||||
- | - | - | - | - | - | 192,000 | 0 | 0 | - | - | - |
Non-cash impact of pilot contract transition costs | |||||||||||
- | - | - | - | - | - | - | - | - | - | - | 0 |
Fleet transition and restructuring related charges | |||||||||||
- | - | - | - | - | - | - | - | - | 13,000 | 24,300 | 84,100 |
Depreciation and amortization | |||||||||||
423,000 | 398,000 | 372,000 | 363,000 | 320,000 | 294,000 | 270,000 | 264,000 | 247,000 | 230,000 | 219,200 | 204,600 |
Stock-based compensation and other | |||||||||||
29,000 | 47,000 | 55,000 | 26,000 | 25,000 | 6,000 | 32,000 | 10,000 | 17,000 | 9,000 | 12,900 | - |
Changes in certain assets and liabilities: | |||||||||||
Changes in fair values of open fuel hedge contracts | |||||||||||
- | - | - | - | - | - | - | - | -14,000 | 14,000 | 88,700 | -84,200 |
Changes in deferred tax provision | |||||||||||
-209,000 | -146,000 | -45,000 | -82,000 | -56,000 | -114,000 | -146,000 | -94,000 | -145,000 | -145,000 | -84,100 | -61,000 |
(Increase) decrease in accounts receivable | |||||||||||
-43,000 | 25,000 | 39,000 | 46,000 | -47,000 | 110,000 | 19,000 | -9,000 | - | - | - | -21,300 |
Increase (Decrease) in Other Current Liabilities | |||||||||||
- | - | - | - | - | - | - | - | -20,000 | - | - | -40,700 |
Stock-based Compensation | |||||||||||
- | - | - | - | - | - | - | - | - | - | - | -13,400 |
Increase in air traffic liability | |||||||||||
112,000 | -18,000 | 45,000 | 3,000 | 38,000 | 67,000 | 29,000 | 45,000 | 67,000 | 56,000 | -6,400 | 8,200 |
Increase in deferred revenue | |||||||||||
116,000 | 149,000 | 191,000 | 153,000 | 57,000 | 40,000 | 84,000 | 33,000 | 7,000 | -32,000 | 17,300 | 2,900 |
Increase (decrease) in other long-term liabilities | |||||||||||
- | - | - | - | - | - | - | - | 70,000 | 29,000 | 69,100 | - |
Changes in pension and other postretirement benefits | |||||||||||
68,000 | 52,000 | 17,000 | 23,000 | 36,000 | -18,000 | 62,000 | 71,000 | 36,000 | - | - | - |
Other - net | |||||||||||
18,000 | 9,000 | -41,000 | -15,000 | 157,000 | 32,000 | 148,000 | 25,000 | 9,000 | 17,000 | -8,100 | - |
Increase in prepaid expenses and other current assets | |||||||||||
- | - | - | - | - | - | - | - | - | - | - | 8,600 |
Net cash provided by operating activities | |||||||||||
1,722,000 | 1,195,000 | 1,590,000 | 1,386,000 | 1,584,000 | 1,030,000 | 981,000 | 753,000 | 696,000 | 553,000 | 292,500 | 172,500 |
Cash flows used in investing activities: | |||||||||||
Property and equipment additions: | |||||||||||
Aircraft and aircraft purchase deposits | |||||||||||
356,000 | 686,000 | 804,000 | 528,000 | 681,000 | 498,000 | 487,000 | 455,000 | 318,000 | 139,000 | 367,200 | 317,100 |
Other flight equipment | |||||||||||
178,000 | 105,000 | 96,000 | 53,000 | 79,000 | 131,000 | 41,000 | 24,000 | 35,000 | 27,000 | 30,600 | 56,500 |
Other property and equipment | |||||||||||
162,000 | 169,000 | 126,000 | 97,000 | 71,000 | 65,000 | 38,000 | 39,000 | 34,000 | 19,000 | 40,600 | 39,200 |
Total property and equipment additions, including capitalized interest | |||||||||||
696,000 | 960,000 | 1,026,000 | 678,000 | 831,000 | 694,000 | 566,000 | 518,000 | 387,000 | 185,000 | 438,400 | 412,800 |
Acquisition of Virgin America, net of cash acquired | |||||||||||
- | - | - | 1,951,000 | 0 | 0 | - | - | - | - | - | - |
Assets constructed for others (Terminal 6 at LAX) | |||||||||||
- | - | - | - | - | - | - | 56,000 | 109,000 | 29,000 | 0 | - |
Proceeds from disposition of assets | |||||||||||
- | - | - | - | - | - | - | - | - | - | - | 9,600 |
Purchases of marketable securities | |||||||||||
1,810,000 | 834,000 | 1,569,000 | 960,000 | 1,327,000 | 949,000 | 1,218,000 | 1,130,000 | 884,000 | 1,022,000 | 942,600 | 766,000 |
Sales and maturities of marketable securities | |||||||||||
1,700,000 | 1,100,000 | 1,400,000 | 962,000 | 1,175,000 | 1,092,000 | 1,089,000 | 1,048,000 | 956,000 | 931,000 | 725,000 | 579,600 |
Other investing activities | |||||||||||
-41,000 | -47,000 | -78,000 | -5,000 | -53,000 | -10,000 | 3,000 | -11,000 | -21,000 | -10,000 | 1,400 | -8,300 |
Net cash used in investing activities | |||||||||||
-791,000 | -631,000 | -1,129,000 | -2,622,000 | -930,000 | -541,000 | -698,000 | -645,000 | -403,000 | -295,000 | -657,400 | -581,300 |
Cash flows from financing activities: | |||||||||||
Proceeds from issuance of long-term debt, net of issuance costs | |||||||||||
450,000 | 339,000 | 0 | 2,044,000 | 0 | 51,000 | 0 | 0 | 107,000 | 0 | 275,000 | 883,900 |
Proceeds from sale-leaseback transactions, net | |||||||||||
- | - | - | - | - | - | - | - | 0 | 0 | - | - |
Long-term debt payments | |||||||||||
1,100,000 | 807,000 | 397,000 | 249,000 | 116,000 | 119,000 | 161,000 | 275,000 | 334,000 | 321,000 | 261,000 | 343,200 |
Common stock repurchases | |||||||||||
75,000 | 50,000 | 75,000 | 193,000 | 505,000 | 348,000 | 159,000 | 60,000 | 80,000 | 45,000 | 23,800 | 48,900 |
Dividends paid | |||||||||||
173,000 | 158,000 | 148,000 | 136,000 | 102,000 | 68,000 | 28,000 | 0 | 0 | - | - | - |
Proceeds and tax benefit from issuance of common stock | |||||||||||
- | - | - | - | - | - | - | 31,000 | 19,000 | 37,000 | 13,000 | 4,000 |
Sale Leaseback Transaction, Net Proceeds, Financing Activities | |||||||||||
- | - | - | - | - | - | - | 178,000 | 4,000 | 0 | 230,000 | 0 |
Other financing activities | |||||||||||
43,000 | 29,000 | 28,000 | 25,000 | 35,000 | 22,000 | 23,000 | 38,000 | 3,000 | -3,000 | 12,800 | -8,200 |
Net cash provided by (used in) financing activities | |||||||||||
-813,000 | -647,000 | -592,000 | 1,491,000 | -688,000 | -462,000 | -325,000 | -88,000 | -281,000 | -332,000 | 246,000 | 487,600 |
Net increase (decrease) in cash, cash equivalents, and restricted cash | |||||||||||
118,000 | -83,000 | -131,000 | 255,000 | -34,000 | 27,000 | -42,000 | 20,000 | 12,000 | -74,000 | -118,900 | 78,800 |
Cash paid during the period for: | |||||||||||
Interest (net of amount capitalized) | |||||||||||
60,000 | 72,000 | 84,000 | 24,000 | 8,000 | 28,000 | 35,000 | 46,000 | 74,000 | 106,000 | 94,600 | 71,000 |
Income taxes | |||||||||||
31,000 | 0 | 177,000 | 459,000 | 349,000 | 326,000 | 149,000 | 78,000 | 8,000 | 0 | -8,800 | -600 |
Payment for Pension and Other Postretirement Benefits | |||||||||||
- | - | - | - | - | - | 87,000 | 114,000 | 141,000 | 151,000 | 152,800 | - |
Non-cash transactions: | |||||||||||
Assets constructed related to Terminal 6 at LAX | |||||||||||
- | - | - | - | - | - | - | - | - | 7,000 | 0 | - |