|
Year Ended December 31, |
|
|
2005 | |
2004 | |
2003 |
|
| Cash Flows From Operating Activities | |
(In millions) |
| Net Income(loss) |
$ |
(20 |
) $ |
46 |
$ |
103 |
|
| Adjustments to reconcile net income to net cash provided by operating activities: |
|
|
|
|
|
|
|
| Deferred income taxes |
|
(4 |
) |
29 |
|
69 |
|
| Depreciation |
|
101 |
|
67 |
|
45 |
|
| Amortization |
|
16 |
|
11 |
|
7 |
|
| Stock-based compensation |
|
9 |
|
2 |
|
2 |
|
| Changes in certain operating assets and liabilities: |
|
|
|
|
|
|
|
| Increase in receivables |
|
(28 |
) |
(20 |
) |
(4 |
) |
| Increase in inventories, prepaid and other |
|
(20 |
) |
(6 |
) |
(11 |
) |
| Increase in air traffic liability |
|
69 |
|
39 |
|
37 |
|
| Increase in accounts payable and other accrued liabilities |
|
54 |
|
21 |
|
38 |
|
| Other, net |
|
(7 |
) |
10 |
|
1 |
|
| Net cash provided by operating activities |
|
170 |
|
199 |
|
287 |
|
| Cash Flows From Investing Activities |
|
|
|
|
|
|
|
| Capital expenditures |
|
(941 |
) |
(617 |
) |
(573 |
) |
| Predelivery deposits for flight equipment |
|
(183 |
) |
(180 |
) |
(160 |
) |
| Purchase of held-to-maturity investments |
|
(5 |
) |
(19 |
) |
(26 |
) |
| Proceeds from maturities of held-to-maturity investments |
|
18 |
|
25 |
|
9 |
|
| Decrease (increase) in available-for-sale securities |
|
(79 |
) |
76 |
|
(235 |
) |
| Increase in security deposits |
|
(86 |
) |
(5 |
) |
(2 |
) |
| Net cash used in investing activities |
|
(1,276 |
) |
(720 |
) |
(987 |
) |
| Cash Flows From Financing Activites |
|
|
|
|
|
|
|
| Proceeds from: |
|
|
|
|
|
|
|
| Issuance of common stock |
|
178 |
|
20 |
|
136 |
|
| Issuance of long-term debt |
|
872 |
|
499 |
|
446 |
|
| Aircraft sale and leaseback transactions |
|
152 |
|
-- |
|
265 |
|
| Short-term borrowings |
|
68 |
|
44 |
|
33 |
|
| Repayment of long-term debt |
|
(117 |
) |
(77 |
) |
(57 |
) |
| Repayment of short-term borrowings |
|
(47 |
) |
(30 |
) |
(25 |
) |
| Other, net |
|
(13 |
) |
(19 |
) |
(9 |
) |
| Net cash provided by financing activities |
|
1,093 |
|
437 |
|
789 |
|
| Increase (decrease) In Cash And Cash Equivalents |
|
(13 |
) |
(84 |
) |
89 |
|
| Cash and cash equivalents at beginning of period |
|
19 |
|
103 |
|
14 |
|
| Cash and cash equivalents at end of period |
$ |
6 |
$ |
19 |
$ |
103 |
|
Download Tables in Excel(.xls) Format
