Alaska Airlines and Horizon Air 2009 Annual Report Download - page 179

NOTE 9. DETAIL OF OTHER FINANCIAL STATEMENT CAPTIONS
Receivables
Receivables consisted of the following at
December 31 (in millions):
2009 2008
Airline traffic receivables ..... $ 55.2 $ 46.7
Mileage Plan receivables ..... 31.9 29.6
Receivables from fuel-hedging
counterparties ........... 1.1 —
Other receivables .......... 25.1 41.9
Allowance for doubtful
accounts ............... (1.5) (1.5)
$111.8 $116.7
Prepaid Expenses and Other Current Assets
Prepaid expenses and other current assets
consisted of the following at December 31 (in
millions):
2009 2008
Prepaid aircraft rent ........... $47.9 $48.0
Prepaid fuel ................. 10.8 10.3
Prepaid engine maintenance .... 13.3 —
Other ...................... 27.2 23.7
$99.2 $82.0
Other Assets
Other assets consisted of the following at
December 31 (in millions):
2009 2008
Restricted deposits (primarily
restricted investments) .... $ 86.7 $ 78.6
Deferred costs and other* . . . 45.3 44.5
$132.0 $123.1
* Deferred costs and other includes deferred financing costs,
long-term prepaid rent, lease deposits and other items.
At December 31, 2009, the Company’s
restricted deposits were primarily restricted
investments used to guarantee various letters of
credit and workers compensation self-insurance
programs. The restricted investments consist of
highly liquid securities with original maturities of
three months or less. They are carried at cost,
which approximates fair value.
Other Accrued Liabilities (current)
Other accrued liabilities consisted of the
following at December 31 (in millions):
2009 2008
Mileage Plan current liabilities ....... $267.9 $280.4
Pension liability (nonqualified plans) . . 2.5 2.5
Postretirement medical benefits
liability ........................ 4.2 4.4
Other* .......................... 188.7 188.1
$463.3 $475.4
* Other consists of property and transportation taxes and
accruals for ground operations, facilities rent,
maintenance, and fuel, among other items.
Other Liabilities (noncurrent)
Other liabilities consisted of the following at
December 31 (in millions):
2009 2008
Mileage Plan liability ............... 13.2 15.9
Uncertain tax position liability (see
Note 11) ...................... 1.3 23.7
Aircraft rent-related ................ 61.1 80.4
Other* .......................... 69.6 54.1
$145.2 $174.1
* Other consists of accrued workers’ compensation and
deferred credits on aircraft purchases, among other items.
Accumulated Other Comprehensive Loss
Accumulated other comprehensive loss
consisted of the following at December 31 (in
millions, net of tax):
2009 2008
Unrealized loss (gain) on marketable
securities considered
available-for-sale ................ $ (8.7) $ 2.5
Related to pension plans ........... 238.8 310.4
Related to postretirement medical
benefits ....................... 11.4 15.4
Related to interest rate derivatives .... (1.5) —
$240.0 $328.3
83
ŠForm 10-K