Cash Flow Statement
Quarterly Data

The cash flow statement provides information about a company cash receipts and cash payments during an accounting period, showing how these cash flows link the ending cash balance to the beginning balance shown on the company balance sheet.

The cash flow statement consists of three parts: cash flows provided by (used in) operating activities, cash flows provided by (used in) investing activities, and cash flows provided by (used in) financing activities.

United Airlines Holdings Inc., consolidated cash flow statement (quarterly data)

US$ in millions

3 months ended:	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019	Dec 31, 2018	Sep 30, 2018	Jun 30, 2018	Mar 31, 2018
Net cash provided by (used in) operating activities	3,142)	1,158)	741)	2,691)	1,476)	(269)	(786)	2,675)	447)	(2,177)	(1,889)	(130)	63)	1,181)	1,103)	2,710)	1,915)	1,101)	905)	2,442)	1,733)
Capital expenditures, net of flight equipment purchase deposit returns	(1,843)	(2,539)	(1,328)	(550)	(402)	(536)	(266)	(861)	(444)	(97)	368)	(39)	(1,959)	(1,192)	(869)	(858)	(1,609)	(1,585)	(858)	(755)	(979)
Purchases of short-term and other investments	(4,193)	(2,848)	(5,082)	(3,146)	(156)	(21)	(47)	—)	—)	—)	(2)	(9)	(541)	(729)	(734)	(719)	(751)	(577)	(649)	(869)	(596)
Proceeds from sale of short-term and other investments	4,061)	1,023)	846)	153)	62)	126)	87)	79)	105)	137)	408)	847)	927)	714)	798)	716)	768)	637)	524)	615)	840)
Proceeds from sale of property and equipment	1)	23)	46)	72)	66)	82)	12)	2)	11)	6)	—)	—)	—)	2)	47)	—)	—)	19)	10)	17)	3)
Loans made to others	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	(164)	(10)	—)	—)	(456)	—)	—)	(10)
Other, net	6)	(46)	(10)	(13)	—)	1)	—)	(1)	(1)	(6)	(4)	13)	1)	40)	(27)	5)	12)	2)	87)	5)	12)
Net cash (used in) provided by investing activities	(1,968)	(4,387)	(5,528)	(3,484)	(430)	(348)	(214)	(781)	(329)	40)	770)	812)	(1,572)	(1,329)	(795)	(856)	(1,580)	(1,960)	(886)	(987)	(730)
Repurchases of common stock	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	(353)	(214)	(369)	(549)	(513)	(225)	(41)	(440)	(529)
Proceeds from issuance of debt and other financing liabilities, net of discounts and fees	288)	526)	(2)	212)	—)	(2)	(18)	9,780)	1,336)	2,946)	8,359)	1,558)	2,813)	728)	92)	337)	629)	371)	24)	612)	696)
Proceeds from equity issuance	—)	—)	—)	—)	—)	—)	—)	—)	532)	968)	—)	1,135)	—)	—)	—)	—)	—)	—)	—)	—)	—)
Payments of long-term debt, finance leases and other financing liabilities	(820)	(1,406)	(810)	(1,012)	(783)	(573)	(560)	(3,503)	(569)	(3,432)	(453)	(311)	(253)	(560)	(295)	(266)	(270)	(244)	(261)	(1,137)	(219)
Other, net	(31)	3)	(6)	2)	(73)	—)	(5)	(1)	(21)	(1)	(1)	—)	(18)	(1)	1)	(1)	(29)	30)	(6)	(9)	(32)
Net cash provided by (used in) financing activities	(563)	(877)	(818)	(798)	(856)	(575)	(583)	6,276)	1,278)	481)	7,905)	2,382)	2,189)	(47)	(571)	(479)	(183)	(68)	(284)	(974)	(84)
Net increase (decrease) in cash, cash equivalents and restricted cash	611)	(4,106)	(5,605)	(1,591)	190)	(1,192)	(1,583)	8,170)	1,396)	(1,656)	6,786)	3,064)	680)	(195)	(263)	1,375)	152)	(927)	(265)	481)	919)

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Cash flow statement item	Description	The company
Net cash provided by (used in) operating activities	Amount of cash inflow (outflow) from operating activities, excluding discontinued operations. Operating activity cash flows include transactions, adjustments, and changes in value not defined as investing or financing activities.	United Airlines Holdings Inc. net cash provided by (used in) operating activities increased from Q3 2022 to Q4 2022 and from Q4 2022 to Q1 2023.
Net cash (used in) provided by investing activities	Amount of cash inflow (outflow) of investing activities, excluding discontinued operations. Investing activity cash flows include making and collecting loans and acquiring and disposing of debt or equity instruments and property, plant, and equipment and other productive assets.	United Airlines Holdings Inc. net cash (used in) provided by investing activities increased from Q3 2022 to Q4 2022 and from Q4 2022 to Q1 2023.
Net cash provided by (used in) financing activities	Amount of cash inflow (outflow) of financing activities, excluding discontinued operations. Financing activity cash flows include obtaining resources from owners and providing them with a return on, and a return of, their investment; borrowing money and repaying amounts borrowed, or settling the obligation; and obtaining and paying for other resources obtained from creditors on long-term credit.	United Airlines Holdings Inc. net cash provided by (used in) financing activities decreased from Q3 2022 to Q4 2022 but then increased from Q4 2022 to Q1 2023 exceeding Q3 2022 level.

United Airlines Holdings Inc. (NASDAQ:UAL)

Cash Flow StatementQuarterly Data

Cash Flow Statement
Quarterly Data