Southwest Airlines Co. Consolidated Statement of Cash Flows (in millions) CASH FLOWS FROM OPERATING ACTIVITIES: Net income Adjustments to reconcile net income to cash provided by (used in) operating activities: Depreciation and amortization Unrealized/realized gains on fuel derivative instruments Boeing 737-300 aircraft grounding charge Deferred income taxes Changes in certain assets and liabilities: Other assets Accounts and other receivables Accounts payable and accrued liabilities Air traffic liability Other liabilities Cash collateral received from (provided to) derivative counterparties Other, net Net cash provided by operating activities CASH FLOWS FROM INVESTING ACTIVITIES: Capital expenditures Supplier proceeds Assets constructed for others Purchases of short-term investments Proceeds from sales of short-term and other investments Other, net Net cash used in investing activities CASH FLOWS FROM FINANCING ACTIVITIES: Year ended December 31, 2017 2019 2018 $ 2,300 $ 2,465 $ 3,357 1,219 1,201 1,218 63 (14) (50) (55) 301 (1,066) (94) 117 (102) 239 (227) (262) 298 545 233 440 506 343 (277) 25 (15) 316 (108) 14 (121) 3,987 4,893 3,929 (1,027) 400 (1,922) (2,123) (54) (126) (2,122) (2.409) (2,380) 2,446 2.342 2,221 5 (303) (2,038) (2,408) Proceeds from issuance of long-term debt 600 Proceeds from Employee stock plans 40 35 29 Reimbursement for assets constructed for others 170 126 Payments of long-term debt and finance lease obligations (615) (342) (592) Payments of cash dividends (372) (332) (274) Repayment of construction obligation (30) (10) Repurchase of common stock (2,000) (2,000) (1,600) Other, net Net cash used in financing activities NET CHANGE IN CASH AND CASH EQUIVALENTS CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD (43) (2,990) 3 15 (2,496) (1,706) 694 359 (185) 1,854 1,495 1,680 $ 2,548 $ 1,854 $ 1,495 CASH AND CASH EQUIVALENTS AT END OF PERIOD CASH PAYMENTS FOR: Interest, net of amount capitalized Income taxes SUPPLEMENTAL DISCLOSURE OF NONCASH TRANSACTIONS: Flight equipment under finance leases Assets constructed for others Supplier receivables See accompanying notes. 80 S 88 $ $ 779 107 $ 81 $ 327 $ 992 $ 32 $ 233 S 65 $ 171 $ 197 $ 428 $ $