United airlines holdings, inc. (UAL)
CashFlow / Yearly
Dec'19Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12Dec'11Dec'10Dec'09Dec'08
Operating Activities:
Net Income (Loss) Attributable to Parent

3,009

2,122

2,143

2,234

7,340

1,132

571

-723

840

253

-651

-5,396

Adjustments to reconcile net income to net cash provided by operating activities -
Proceeds from lease amendment

-

-

-

-

-

-

-

-

-

-

-160

-

Debt and lease discount amortization

-

-

-

-

-

-

-

-

-

-

97

97

Deferred Income Tax Expense (Benefit)

882

512

957

1,631

-3,177

13

-14

13

-6

-10

-16

-26

Depreciation, Depletion and Amortization, Nonproduction

2,288

2,165

2,096

1,977

1,819

1,679

1,689

1,522

1,547

1,079

917

946

Debt discount and lease fair value amortization

-

-

-

-

-

-

-

-

-186

28

-

-

Amortization of capitalized financing costs

-

-

-

-

-

-

-

-

52

-

-

-

Pension and postretirement amortization

-

-

-

-

-

-

-

-

-23

-

-

-

Goodwill impairment (credit)

-

-

-

-

-

-

-

-

-

-

-

2,277

Special charges, non-cash portion

175

416

35

391

247

78

50

389

46

166

374

339

Unrealized Gain (Loss) on Investments

153

-5

0

-

-

-

-

-

-

-

-

-

Share-based compensation

-

-

-

-

-

-

-

-

17

14

21

31

Other operating activities

185

161

142

109

115

-21

18

-115

25

-86

-74

-

Changes in operating assets and liabilities -
(Increase) decrease in receivables

-44

-17

73

16

15

-209

142

21

87

33

-105

-195

(Increase) decrease in other assets

252

-265

432

296

160

34

-164

484

181

-59

25

-257

Increase in advance ticket sales

438

441

145

-

-

-

-

-

-

-

-

-

Increase (decrease) in frequent flyer deferred revenue

271

222

-107

-55

6

-88

-415

-712

-110

-67

123

738

Unrealized (gain) loss on fuel derivatives and change in related pending settlements

-

-

-

-

-

-

-

120

-2

7

-1,007

858

Increase in accounts payable

324

130

66

239

-77

-251

-265

285

177

255

94

-48

Decrease in advanced purchase of miles

0

0

-942

-206

-224

-

-

-

-

-

-

-

Decrease in fuel hedge collateral

-

-

-

-

-551

577

-

-

59

-10

955

-965

Decrease in fuel derivatives

-

-

-

-

-305

436

-

-

-

-

-

-

Unrealized (gain) loss on fuel derivatives

-

-

-

-

-

-

56

-

-

-

-

-

Decrease in other liabilities

-302

-292

-556

-438

-180

-238

-201

415

243

265

-217

-

Increase (decrease) in accrued wages and liabilities

-

-

-

-

-

-

-

-

-

-

-

-155

Other, net

-

-

-

-

-

-

-

-

-

-

-

1

Net cash provided by operating activities

6,909

6,164

3,474

5,542

5,992

2,634

1,444

935

2,408

1,907

966

-1,239

Cash Flows from Investing Activities:
Capital expenditures

4,528

4,070

3,870

3,223

2,747

2,005

2,164

2,016

840

416

317

475

Decrease in restricted cash

-

-

-

-

-

-

-

-122

185

-68

19

-484

Proceeds from sale of property and equipment

-

-

-

-

86

94

152

183

123

48

77

94

Purchases of short-term and other investments

2,897

2,552

3,241

2,768

2,517

3,569

2,947

742

-

-

-

-

Proceeds from sale of short-term and other investments

2,996

2,616

3,177

-2,712

-2,707

-3,112

-2,827

-497

898

84

-

-2,295

Proceeds on litigation of advanced deposits

-

-

-

-

-

-

-

-

-

-

-

41

Loans made to others

174

466

30

56

-

-

-

-

-

-

-

-

Investment in affiliates

36

139

2

14

-

-

-

-

-

-

-

-

Increase in cash from acquisition of Continental

-

-

-

-

-

-

-

-

-

3,698

-

-

Proceeds from asset sale-leasebacks

-

-

-

-

-

-

-

-

-

-

175

274

Other, net

-79

-156

-163

-111

136

-37

-110

1

-1

-6

-4

-8

Net cash used in investing activities

-4,560

-4,455

-3,803

-3,238

-2,607

-2,331

-2,022

-1,957

-1,799

3,320

-80

2,721

Cash Flows from Financing Activities:
Proceeds from Issuance of Long-term Debt

1,847

1,594

2,537

808

1,073

1,432

1,423

1,121

152

2,086

907

337

Payments of long-term debt

1,240

1,727

901

1,215

2,178

2,503

2,185

1,392

2,367

2,023

794

684

Repurchases of common stock

1,645

1,235

1,844

2,614

1,233

312

-

-

-

3

2

11

Principal payments under finance leases

151

79

84

136

123

127

134

125

250

484

190

235

Capitalized financing costs

61

37

80

64

37

104

103

71

8

33

49

120

Proceeds from the exercise of stock options

-

-

-

-

16

60

29

17

26

21

-

-

Proceeds from sale of common stock

-

-

-

-

-

-

-

-

-

-

222

107

Decrease in aircraft lease deposits

-

-

-

-

-

-

-

-

-

236

23

155

Special distribution to common stockholders

-

-

-

-

-

-

-

-

-

-

-

253

Other, net

-30

-17

-11

8

-13

-42

-2

-4

15

-

-

2

Net cash used in financing activities

-1,280

-1,501

-383

-3,213

-2,495

-1,596

-972

-454

-2,432

-200

117

-702

Net increase in cash, cash equivalents and restricted cash

1,069

208

-712

-909

890

-1,293

-1,550

-1,476

-1,823

5,027

1,003

780

Investing and Financing Activities Not Affecting Cash:
Property and equipment acquired through the issuance of debt

493

143

897

386

866

1,114

229

-

-

-

-

-

Right-of-use assets acquired through operating leases

498

663

319

-

-

-

-

-

-

-

-

-

Property and equipment acquired through finance leases

22

17

16

-

-

-

-

-

-

-

-

-

Lease modifications and lease conversions

-2

52

0

-

-

-

-

-

-

-

-

-

Debt associated with termination of a maintenance service agreement

0

163

0

0

-

-

-

-

-

-

-

-

Investment in Republic Airways Holdings Inc. received from bankruptcy claims

0

0

92

0

-

-

-

-

-

-

-

-

Airport construction financing

-

-

-

91

17

14

40

-

-

-

-

-

Operating lease conversions to capital lease

-

-

-

12

285

-

-

-

-

-

-

-

Exchange of convertible notes for common stock

-

-

-

-

202

260

240

-

-

-

-

-

Cash Paid During the Period for:
Interest

648

651

571

584

660

748

752

-

-

-

-

-

Income taxes

29

19

20

14

15

-16

-20

-

-

-

-

-

United Airlines, Inc.
Net Income (Loss) Attributable to Parent

3,011

2,123

2,161

2,234

-

-

-

-

-

-

-

-

Deferred Income Tax Expense (Benefit)

882

513

941

1,633

-

-

-

-

-

-

-

-

Depreciation, Depletion and Amortization, Nonproduction

2,288

2,165

2,096

1,977

-

-

-

-

-

-

-

-

Special charges, non-cash portion

175

416

35

391

-

-

-

-

-

-

-

-

Unrealized Gain (Loss) on Investments

153

-5

0

-

-

-

-

-

-

-

-

-

Other operating activities

186

162

141

109

-

-

-

-

-

-

-

-

(Increase) decrease in receivables

-44

-17

73

16

-

-

-

-

-

-

-

-

Increase in intercompany receivables

33

20

15

57

-

-

-

-

-

-

-

-

(Increase) decrease in other assets

252

-265

432

250

-

-

-

-

-

-

-

-

Increase in advance ticket sales

438

441

145

-28

-

-

-

-

-

-

-

-

Increase (decrease) in frequent flyer deferred revenue

271

222

-107

-55

-

-

-

-

-

-

-

-

Increase in accounts payable

324

130

66

239

-

-

-

-

-

-

-

-

Decrease in advanced purchase of miles

0

0

-942

-206

-

-

-

-

-

-

-

-

Decrease in other liabilities

-302

-293

-556

-436

-

-

-

-

-

-

-

-

Net cash provided (used) by operating activities

6,879

6,146

3,460

5,535

-

-

-

-

-

-

-

-

Capital expenditures

4,528

4,070

3,870

3,223

-

-

-

-

-

-

-

-

Purchases of short-term and other investments

2,897

2,552

3,241

2,768

-

-

-

-

-

-

-

-

Proceeds from sale of short-term and other investments

2,996

2,616

3,177

-2,712

-

-

-

-

-

-

-

-

Loans made to others

174

466

30

56

-

-

-

-

-

-

-

-

Investment in affiliates

36

139

2

14

-

-

-

-

-

-

-

-

Other, net

-79

-156

-163

-111

-

-

-

-

-

-

-

-

Net cash used in investing activities

-4,560

-4,455

-3,803

-3,238

-

-

-

-

-

-

-

-

Proceeds from Issuance of Long-term Debt

1,847

1,594

2,537

808

-

-

-

-

-

-

-

-

Payments of long-term debt

1,240

1,727

901

1,215

-

-

-

-

-

-

-

-

Dividend to UAL

1,645

1,235

1,844

2,614

-

-

-

-

-

-

-

-

Principal payments under finance leases

151

79

84

136

-

-

-

-

-

-

-

-

Capitalized financing costs

61

37

80

64

-

-

-

-

-

-

-

-

Other, net

0

1

3

15

-

-

-

-

-

-

-

-

Net cash provided (used) in financing activities

-1,250

-1,483

-369

-3,206

-

-

-

-

-

-

-

-

Net increase in cash, cash equivalents and restricted cash

1,069

208

-712

-909

-

-

-

-

-

-

-

-

Property and equipment acquired through the issuance of debt

493

143

897

386

-

-

-

-

-

-

-

-

Right-of-use assets acquired through operating leases

498

663

319

-

-

-

-

-

-

-

-

-

Property and equipment acquired through finance leases

22

17

16

-

-

-

-

-

-

-

-

-

Lease modifications and lease conversions

-

52

0

-

-

-

-

-

-

-

-

-

Debt associated with termination of a maintenance service agreement

0

163

0

0

-

-

-

-

-

-

-

-

Investment in Republic Airways Holdings Inc. received from bankruptcy claims

0

0

92

0

-

-

-

-

-

-

-

-

Airport construction financing

-

-

-

91

-

-

-

-

-

-

-

-

Operating lease conversions to capital lease

-

-

-

12

-

-

-

-

-

-

-

-

Interest

648

651

571

584

-

-

-

-

-

-

-

-

Income taxes

29

19

20

14

-

-

-

-

-

-

-

-