Alaska Airlines and Horizon Air 2009 Annual Report Download - page 159
Download and view the complete annual report
Please find page 159 of the 2009 Alaska Airlines and Horizon Air 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
 |
 |
ALASKA AIR GROUP, INC.
CONSOLIDATED STATEMENTS OF SHAREHOLDERS’ EQUITY
(in millions)
Common
Shares
Outstanding
Common
Stock
Capital in
Excess
of Par
Value
Treasury
Stock,
at Cost
Accumulated
Other
Comprehensive
Loss
Retained
Earnings Total
Balances at December 31, 2006 .......... 40.294 $42.5 $880.8 $ (50.4) $(191.4) $ 205.0 $ 886.5
2007 net income ....................... $124.3 124.3
Other comprehensive income (loss):
Related to marketable securities:
Change in fair value .............. 3.2
Reclassification to earnings ....... 2.0
Income tax effect ................ (1.9)
3.3 3.3
Related to employee benefit plans:
Pension liability adjustment, net of
$29.6 tax effect ............... 49.8 49.8
Postretirement medical liability
adjustment, net of $2.5 tax
effect ....................... 4.1 4.1
Officers supplemental retirement
plan, net of $0.5 tax effect ...... 0.9 0.9
Total comprehensive income .............. 182.4
Purchase of treasury stock ............... (2.593) (62.8) (62.8)
Stock-based compensation ............... 12.3 12.3
Treasury stock issued under stock plans ..... 0.029 — — 0.7 0.7
Stock issued for employee stock purchase
plan ............................... 0.127 0.1 2.9 3.0
Stock issued under stock plans, including
$0.4 tax benefit ...................... 0.194 0.2 3.1 3.3
Balances at December 31, 2007 .......... 38.051 $42.8 $899.1 $(112.5) $(133.3) $ 329.3 $1,025.4
2008 net loss ......................... (135.9) (135.9)
Other comprehensive income (loss):
Related to marketable securities:
Change in fair value .............. (8.7)
Reclassification to earnings ....... (0.2)
Income tax effect ................ 3.3
(5.6) (5.6)
Related to employee benefit plans:
Pension liability adjustment, net of
$113.5 tax effect .............. (188.9) (188.9)
Postretirement medical liability
adjustment, net of $0.5 tax
effect ....................... (0.8) (0.8)
Officers supplemental retirement
plan, net of $0.1 tax effect ...... 0.3 0.3
Total comprehensive loss ................ (330.9)
Purchase of treasury stock ............... (2.126) (48.9) (48.9)
Stock-based compensation ............... 13.4 13.4
Treasury stock issued under stock plans ..... 0.001 — — —
Stock issued for employee stock purchase
plan ............................... 0.169 0.2 3.0 3.2
Stock issued under stock plans ............ 0.180 0.2 (0.5) (0.3)
Balances at December 31, 2008 .......... 36.275 $43.2 $915.0 $(161.4) $(328.3) $ 193.4 $ 661.9
See accompanying notes to consolidated financial statements.
63
ŠForm 10-K