United Airlines 2012 Annual Report Download - page 85

Table of Contents
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 


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
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
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
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Cash Flows from Operating Activities:
Net income (loss) $ 527 $ 569 $ (95) $ 441
Adjustments to reconcile net income (loss) to net cash provided by operating activities—
Depreciation and amortization 592 626 177 380
Special charges, non-cash portion 11 10 — 18
Debt and lease discount amortization (272) (242) (64) 8
Share-based compensation 5 9 1 10
Deferred income taxes (4) (6) (6) —
Other operating activities (8) 25 (10) 10
Changes in operating assets and liabilities, net of Merger —
Increase (decrease) in frequent flyer deferred revenue and advanced purchase of miles (39) 125 59 141
(Increase) decrease in other current assets 22 (71) 56 (176)
Increase (decrease) in other liabilities (72) 40 1 230
Increase (decrease) in accounts payable (96) (23) 213 44
Increase (decrease) in advance ticket sales (1,423) (1) (248) 400
Unrealized (gain) loss on fuel derivatives and change in related pending settlements 50 (29) 4 (11)
(Increase) decrease in receivables 436 (57) 5 (188)
(Increase) decrease in intercompany receivables (1) 3 — —
Increase in intercompany payables 341 11 — —
Net cash provided by operating activities 69 989 93 1,307
Cash Flows from Investing Activities:
Capital expenditures and aircraft purchase deposits paid (1,225) (370) (56) (236)
Increase in short-term and other investments, net (199) (629) (102) (171)
Proceeds from sale of property and equipment 127 108 20 32
Decrease in restricted cash, net 25 25 — 3
Net cash used in investing activities (1,272) (866) (138) (372)
Cash Flows from Financing Activities:
Payments of long-term debt and capital lease obligations (657) (915) (358) (836)
Proceeds from issuance of long-term debt, net 1,121 152 90 1,025
Increase in deferred financing costs (58) — — —
Proceeds from exercise of stock options 14 24 13 28
Net cash provided by (used in) financing activities 420 (739) (255) 217
Net increase (decrease) in cash and cash equivalents (783) (616) (300) 1,152
Cash and cash equivalents at beginning of period 2,782 3,398 3,698 2,546
Cash and cash equivalents at end of period $ 1,999 $ 2,782 $ 3,398 $ 3,698
The accompanying Combined Notes to Consolidated Financial Statements are an integral part of these statements.
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