United Airlines Holdings Inc
For the period ended Dec 31, 2024. Filed Feb 27, 2025.
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FY2024 · Filed Feb 27, 2025
UAL$120.38+6.8%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Statements of Consolidated Cash Flows
| Year Ended December 31, | |||
|---|---|---|---|
| 2024 | 2023 | 2022 | |
| Operating Activities: | |||
| Net income | $3,151 | $2,620 | $739 |
| Adjustments to reconcile net income to net cash provided by (used in) operating activities - | |||
| Deferred income tax | 937 | 757 | 248 |
| Depreciation and amortization | 2,928 | 2,671 | 2,456 |
| Operating and non-operating special charges, non-cash portion | 158 | 84 | 16 |
| Unrealized (gains) losses on investments | 199 | (27) | (20) |
| Amortization of debt discount and debt issuance costs | 166 | 139 | 156 |
| Other operating activities | 9 | 7 | 218 |
| Changes in operating assets and liabilities - | |||
| (Increase) decrease in receivables | 280 | (100) | (158) |
| Increase in intercompany receivables | (186) | (33) | (76) |
| Increase in prepaids and other assets | (166) | (463) | (86) |
| Increase (decrease) in advance ticket sales | 857 | (851) | 1,200 |
| Increase in frequent flyer deferred revenue | 298 | 468 | 393 |
| Increase in accounts payable | 178 | 572 | 796 |
| Increase in other liabilities | 453 | 1,035 | 110 |
| Net cash provided by operating activities | 9,262 | 6,879 | 5,992 |
| Investing Activities: | |||
| Capital expenditures, net of flight equipment purchase deposit returns | (5,615) | (7,171) | (4,819) |
| Purchases of short-term and other investments | (5,809) | (9,470) | (11,232) |
| Proceeds from sale of short-term and other investments | 8,661 | 10,519 | 2,084 |
| Proceeds from sale of property and equipment | 109 | 39 | 207 |
| Other, net | 3 | (23) | (69) |
| Net cash used in investing activities | (2,651) | (6,106) | (13,829) |
| Financing Activities: | |||
| Proceeds from issuance of debt and other financial liabilities, net of discounts and fees | 6,139 | 2,388 | 736 |
| Payments of long-term debt, finance leases and other financial liabilities | (10,138) | (4,248) | (4,011) |
| Net cash used in financing activities | (3,999) | (1,860) | (3,275) |
| Net increase (decrease) in cash, cash equivalents and restricted cash | 2,612 | (1,087) | (11,112) |
| Cash, cash equivalents and restricted cash at beginning of year | 6,334 | 7,421 | 18,533 |
| Cash, cash equivalents and restricted cash at end of year | $8,946 | $6,334 | $7,421 |
| Investing and Financing Activities Not Affecting Cash: | |||
| Property and equipment acquired through the issuance of debt, finance leases and other | $406 | $777 | $19 |
| Right-of-use assets acquired through operating leases | 577 | 552 | 137 |
| Lease modifications and lease conversions | 290 | 546 | (84) |
| Investment interests received in exchange for goods and services | 18 | 33 | 103 |
| Cash Paid During the Period for: | |||
| Interest | $1,494 | $1,848 | $1,573 |
| Income taxes | 88 | 7 | 8 |
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