United Airlines 2013 Annual Report Download - page 62
Download and view the complete annual report
Please find page 62 of the 2013 United Airlines annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.-
1 -
2
-
3
-
4
-
5
-
6
-
7
-
8
-
9
-
10
-
11
-
12
-
13
-
14
-
15
-
16
-
17
-
18
-
19
-
20
-
21
-
22
-
23
-
24
-
25
-
26
-
27
-
28
-
29
-
30
-
31
-
32
-
33
-
34
-
35
-
36
-
37
-
38
-
39
-
40
-
41
-
42
-
43
-
44
-
45
-
46
-
47
-
48
-
49
-
50
-
51
-
52 -
53 -
54 -
55 -
56 -
57 -
58 -
59 -
60 -
61 -
62 -
63 -
64 -
65 -
66 -
67 -
68 -
69 -
70 -
71 -
72 -
73
-
74
-
75
-
76
-
77
-
78
-
79
-
80
-
81
-
82
-
83
-
84
-
85
-
86
-
87
-
88
-
89
-
90
-
91
-
92
-
93
-
94
-
95
-
96
-
97
-
98
-
99
-
100
-
101
-
102
-
103
-
104
-
105
-
106
-
107
-
108
-
109
-
110
-
111
-
112
-
113
-
114
-
115
-
116
-
117
-
118
-
119
-
120
-
121
-
122
-
123
-
124
-
125
-
126
-
127
-
128
-
129
-
130
-
131
-
132
-
133
-
134
-
135
-
136
-
137
-
138
-
139
-
140
-
141
-
142
-
143
-
144
-
145
-
146
-
147
-
148
-
149
-
150
-
151
-
152
-
153
-
154
-
155
-
156
-
157
-
158
-
159
-
160
-
161
-
162
-
163
-
164
-
165
-
166
-
167
-
168
-
169
-
170
-
171
-
172
-
173
-
174
-
175
-
176
-
177
-
178
-
179
-
180
-
181
-
182
-
183
-
184
-
185
-
186
-
187
-
188
-
189
-
190
-
191
-
192
-
193
-
194
-
195
-
196
-
197
-
198
-
199
-
200
-
201
-
202
-
203
-
204
-
205
-
206
-
207
-
208
-
209
-
210
-
211
-
212
-
213
-
214
-
215
-
216
-
217
-
218
-
219
-
220
-
221
-
222
-
223
-
224
-
225
-
226
-
227
-
228
-
229
-
230
-
231
-
232
-
233
-
234
-
235
-
236
-
237
-
238
-
239
-
240
-
241
-
242
-
243
-
244
-
245
-
246
-
247
-
248
-
249
-
250
-
251
-
252
-
253
 |
 |
Table of Contents
Cash Flows from Operating Activities:
Net income (loss) $ 571 $ (723) $ 840
Adjustments to reconcile net income (loss) to net cash provided (used) by operating activities -
Depreciation and amortization 1,689 1,522 1,547
Debt discount and lease fair value amortization (188) (247) (186)
Amortization of capitalized financing costs 73 52 52
Pension and postretirement amortization 42 18 (23)
Special charges, non-cash portion 50 389 46
Deferred income taxes (14) 13 (6)
Share-based compensation 11 14 17
Other operating activities 80 48 25
Changes in operating assets and liabilities -
Decrease in frequent flyer deferred revenue and advanced purchase of miles (415) (712) (110)
Increase (decrease) in accounts payable (265) 285 177
(Increase) decrease in other assets 164 (484) (181)
Increase (decrease) in other liabilities (201) 415 243
Increase in receivables (142) (21) (87)
Unrealized (gain) loss on fuel derivatives and change in related pending settlements (56) 120 (2)
Increase in advance ticket sales 45 246 115
Increase in fuel hedge collateral — — (59)
Net cash provided by operating activities 1,444 935 2,408
Cash Flows from Investing Activities:
Capital expenditures (2,164) (2,016) (840)
Proceeds from sale of property and equipment 152 183 123
Increase in short-term and other investments, net (120) (245) (898)
(Increase) decrease in restricted cash, net 52 122 (185)
Other, net 58 (1) 1
Net cash used in investing activities (2,022) (1,957) (1,799)
Cash Flows from Financing Activities:
Payments of long-term debt (2,185) (1,392) (2,367)
Proceeds from issuance of long-term debt 1,423 1,121 152
Principal payments under capital leases (134) (125) (250)
Capitalized financing costs (103) (71) (8)
Proceeds from exercise of stock options 29 17 26
Purchases of treasury stock (3) (4) —
Other 1 — 15
Net cash used in financing activities (972) (454) (2,432)
Net decrease in cash and cash equivalents (1,550) (1,476) (1,823)
Cash and cash equivalents at beginning of year 4,770 6,246 8,069
Cash and cash equivalents at end of year $ 3,220 $ 4,770 $ 6,246
The accompanying Combined Notes to Consolidated Financial Statements are an integral part of these statements.
62