v3.24.0.1
Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 31, 2023
Dec. 31, 2022
CURRENT ASSETS    
Cash and cash equivalents $ 1,166 $ 1,042
Investment securities 401 350
Receivables, less allowance (2023 - $3; 2022 - $4) 336 317
Inventories, less allowance (2023 - $35; 2022 - $29) 109 87
Prepaid expenses and other 148 120
Total current assets 2,160 1,916
PROPERTY AND EQUIPMENT    
Flight equipment 12,796 11,727
Pre-delivery deposits for flight equipment 393 415
Total flight equipment and pre-delivery deposits, gross 13,189 12,142
Less accumulated depreciation 4,021 3,578
Total flight equipment and pre-delivery deposits, net 9,168 8,564
Other property and equipment, gross 1,310 1,314
Less accumulated depreciation 803 731
Total other property and equipment, net 507 583
Total property and equipment, net 9,675 9,147
OPERATING LEASE ASSETS 593 660
OTHER ASSETS    
Investment securities 163 172
Restricted cash 151 146
Intangible assets, net of accumulated amortization (2023 - $518; 2022 - $455) 349 298
Other 762 706
Total other assets 1,425 1,322
TOTAL ASSETS 13,853 13,045
CURRENT LIABILITIES    
Accounts payable 641 532
Air traffic liability 1,463 1,581
Accrued salaries, wages and benefits 591 498
Other accrued liabilities 509 486
Current operating lease liabilities 117 97
Current maturities of long-term debt and finance lease obligations 307 554
Total current liabilities 3,628 3,748
LONG-TERM DEBT AND FINANCE LEASE OBLIGATIONS 4,409 3,093
LONG-TERM OPERATING LEASE LIABILITIES 547 639
DEFERRED TAXES AND OTHER LIABILITIES    
Deferred income taxes 743 770
Air traffic liability - non-current 740 738
Other 449 494
Total deferred taxes and other liabilities 1,932 2,002
COMMITMENTS AND CONTINGENCIES (Notes 10 & 11)
STOCKHOLDERS’ EQUITY    
Preferred stock, $0.01 par value; 25 shares authorized, none issued 0 0
Common stock, $0.01 par value; 900 shares authorized, 499 and 486 shares issued and, 339 and 327 shares outstanding at 2023 and 2022, respectively 5 5
Treasury stock, at cost; 159 shares at 2023 and 2022, respectively (1,999) (1,995)
Additional paid-in capital 3,221 3,129
Retained earnings 2,114 2,424
Accumulated other comprehensive loss (4) 0
Total stockholders’ equity 3,337 3,563
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 13,853 $ 13,045