United airlines holdings, inc. (UAL)
CashFlow / TTM
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11Dec'10Sep'10Jun'10Mar'10
Operating Activities:
Net Income (Loss) Attributable to Parent

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

840

653

387

122

253

0

0

0

Adjustments to reconcile net income to net cash provided by operating activities -
Depreciation, Depletion and Amortization, Nonproduction

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,547

1,560

1,408

1,246

1,079

0

0

0

Debt discount and lease fair value amortization

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-186

0

0

0

-

-

-

-

Special charges, non-cash portion

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

46

39

28

152

166

0

0

0

Other operating activities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

25

0

0

0

-

-

-

-

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

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

87

255

96

186

33

0

0

0

(Increase) decrease in other current assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

-

-

Increase (decrease) in frequent flyer deferred revenue

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-110

0

0

0

-

-

-

-

Increase in accounts payable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

177

0

0

0

-

-

-

-

Decrease in fuel hedge collateral

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

59

41

15

-195

-10

0

0

0

Decrease in other liabilities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

243

0

0

0

-

-

-

-

Increase (decrease) in accrued wages and liabilities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

Other, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

Net cash provided by operating activities

5,057

6,909

6,857

6,637

6,370

6,164

5,824

5,518

4,636

3,474

3,343

3,904

4,890

5,542

5,999

6,161

5,366

5,992

4,779

4,053

3,765

2,634

2,398

2,061

1,745

1,444

1,868

1,393

1,204

935

1,110

1,733

1,527

2,408

2,249

2,309

2,430

1,907

0

0

0

Cash Flows from Investing Activities:
Capital expenditures

4,878

4,528

4,910

4,866

4,735

4,070

3,466

3,761

4,123

3,870

3,780

3,349

3,098

3,223

3,106

3,090

3,353

2,747

2,644

2,363

1,851

2,005

2,110

2,296

2,153

2,164

2,388

2,218

2,090

2,016

1,357

1,109

936

840

714

642

570

416

0

0

0

Aircraft purchase deposits paid, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

0

0

0

Decrease in restricted cash

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

-

-

-

-59

-139

-136

-122

83

170

178

185

7

-5

-49

-68

0

0

0

Proceeds from sale of property and equipment

-

-

-

-

-

-

-

-

-

-

0

0

15

-

60

69

86

86

71

87

76

94

160

178

178

152

102

55

103

183

162

214

173

123

130

77

83

48

0

0

0

Purchases of short-term and other investments

2,714

2,897

2,745

2,669

2,680

2,552

2,632

2,980

3,063

3,241

3,363

3,082

2,904

2,768

2,647

2,588

2,522

2,517

2,569

2,695

3,967

3,569

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from sale of short-term and other investments

3,155

2,996

2,919

2,645

4,224

2,616

7,536

6,193

3,147

3,177

-3,135

-3,009

-2,869

-2,712

-2,595

-2,574

-2,598

-2,707

-2,793

-2,907

-3,750

-3,112

-5,237

-4,470

-3,028

-2,827

-497

-552

-568

-497

166

551

939

898

0

0

0

-

-

-

-

Loans made to others

-

-

-

-

-

466

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Investment in affiliates

-

-

-

-

-

139

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Investment in and loans to affiliates

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other, net

-95

-79

-42

-135

-126

-156

-125

-78

-170

-163

-258

-240

-118

-111

0

0

0

-

-

-

-

-37

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-6

0

0

0

Net cash used in investing activities

-4,552

-4,560

-5,179

-5,238

-5,340

-4,455

-3,356

-3,778

-3,855

-3,803

-3,828

-3,258

-3,058

-3,238

-3,252

-3,092

-3,385

-2,607

-2,420

-2,172

-1,949

-2,331

-2,353

-2,521

-2,018

-2,022

-2,451

-2,215

-2,026

-1,957

-1,322

-1,545

-1,841

-1,799

2,190

2,586

3,076

3,320

0

0

0

Cash Flows from Financing Activities:
Proceeds from issuance of short-term debt

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from Issuance of Long-term Debt

1,549

1,847

1,462

1,349

1,567

1,594

1,659

2,639

2,455

2,537

2,417

1,872

1,521

808

970

920

1,015

1,073

868

1,265

1,385

1,432

1,781

1,298

1,461

1,423

1,854

1,555

1,144

1,121

96

96

206

152

233

233

809

2,086

0

0

0

Payments of long-term debt

1,225

1,240

934

906

1,788

1,727

1,698

1,670

775

901

1,026

1,287

1,303

1,215

1,561

1,312

2,109

2,178

2,030

2,910

2,186

2,503

2,221

1,360

1,557

2,185

2,199

2,433

2,154

1,392

1,600

1,586

2,318

2,367

2,419

2,226

1,347

2,023

0

0

0

Repurchases of common stock

1,485

1,645

1,656

1,328

1,219

1,235

1,563

2,101

2,115

1,844

1,463

1,144

1,480

2,614

2,965

2,970

2,430

1,233

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Principal payments under finance leases

149

151

127

107

81

79

57

60

71

84

125

129

133

136

138

136

133

123

126

122

127

127

117

119

129

134

134

134

131

125

140

138

148

250

482

567

582

484

0

0

0

Capitalized financing costs

79

61

57

42

38

37

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other, net

-19

-30

-29

-30

-30

-17

49

47

38

-11

-29

-43

-55

8

-25

-16

0

-13

10

-16

-69

-42

-12

-4

43

-2

-78

-55

-51

-4

-17

-11

-3

15

0

0

0

-

0

0

0

Net cash used in financing activities

1,092

-1,280

-1,341

-1,064

-1,589

-1,501

-1,721

-1,250

-564

-383

-290

-795

-1,514

-3,213

-3,740

-3,535

-3,678

-2,495

-2,124

-2,584

-1,548

-1,596

-863

-259

-256

-972

-611

-1,121

-1,246

-454

-1,643

-1,621

-2,245

-2,432

-2,393

-2,282

-857

-200

0

0

0

Net increase in cash, cash equivalents and restricted cash

1,597

1,069

337

335

-559

208

747

490

217

-712

-775

-149

318

-909

-993

-466

-1,697

890

235

-703

268

-1,293

-818

-719

-529

-1,550

-1,194

-1,943

-2,068

-1,476

-1,855

-1,433

-2,559

-1,823

2,046

2,613

4,649

5,027

0

0

0

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

510

493

324

238

175

143

104

115

246

897

1,189

1,234

1,038

386

184

149

326

866

1,154

1,232

1,338

1,114

747

662

458

229

0

0

0

-

0

0

0

-

0

0

0

-

-

-

-

Lease modifications and lease conversions

0

-

0

0

0

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Right-of-use assets acquired through operating leases

477

498

470

659

611

663

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Property and equipment acquired through finance leases

33

22

25

25

25

17

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Airport construction financing

-

-

-

-

-

-

-

-

-

-

64

88

103

91

0

0

0

-

-

-

-

-

-

-

-

40

0

0

0

-

-

0

0

-

-

-

-

-

-

-

-

Operating lease conversions to capital lease

-

-

-

-

-

-

-

-

-

-

-

-

-

12

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Exchange of convertible notes for common stock

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

202

259

259

259

260

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

United Airlines, Inc.
Net cash provided (used) by operating activities

5,038

6,879

6,826

6,607

6,340

6,146

5,807

5,500

4,617

3,460

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Capital expenditures

4,878

4,528

4,910

4,866

4,735

4,070

3,466

3,761

4,123

3,870

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from sale of property and equipment

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Purchases of short-term and other investments

0

-

-

-

0

-

-

-

3,063

3,241

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from sale of short-term and other investments

3,155

2,996

2,919

2,645

4,224

2,616

7,536

6,193

3,147

3,177

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Loans made to others

-

-

-

-

-

466

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Investment in affiliates

-

-

-

-

-

139

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other, net

-95

-79

-42

-135

-126

-156

-125

-78

-170

-163

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash used in investing activities

-4,552

-4,560

-5,179

-5,238

-5,340

-4,455

-3,356

-3,778

-3,855

-3,803

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from issuance of short-term debt

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from Issuance of Long-term Debt

1,549

1,847

1,462

1,349

1,567

1,594

1,659

2,639

2,455

2,537

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payments of long-term debt

1,225

1,240

934

906

1,788

1,727

1,129

1,670

775

901

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Dividend to UAL

1,485

1,645

1,656

1,328

1,219

1,235

2,132

2,101

2,115

1,844

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Principal payments under finance leases

149

151

127

107

81

79

57

60

71

84

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Capitalized financing costs

79

61

57

42

38

37

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other, net

-

-

-

-

-

1

66

65

57

3

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash provided (used) in financing activities

1,111

-1,250

-1,310

-1,034

-1,559

-1,483

-1,704

-1,232

-545

-369

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net increase in cash, cash equivalents and restricted cash

1,597

1,069

337

335

-559

208

747

490

217

-712

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Property and equipment acquired through the issuance of debt

510

493

324

238

175

143

104

115

246

897

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Lease modifications and lease conversions

0

-

0

0

0

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Right-of-use assets acquired through operating leases

477

498

470

659

611

663

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Property and equipment acquired through finance leases

33

22

25

25

25

17

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Airport construction financing

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-