American Airlines 1998 Annual Report Download - page 40
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38
December 31,
(in millions) 1998 1997
Assets
Current Assets
Cash $95$62
Short-term investments 1,978 2,370
Receivables, less allowance for uncollectible accounts
(1998 - $31; 1997 - $18) 1,543 1,301
Inventories, less allowance for obsolescence
(1998 - $214; 1997 - $203) 596 626
Deferred income taxes 476 406
Other current assets 187 221
Total current assets 4,875 4,986
Equipment and Property
Flight equipment, at cost 13,688 13,002
Less accumulated depreciation 4,976 4,459
8,712 8,543
Purchase deposits for flight equipment 1,624 754
Other equipment and property, at cost 4,243 3,966
Less accumulated depreciation 2,340 2,190
1,903 1,776
12,239 11,073
Equipment and Property Under Capital Leases
Flight equipment 3,159 2,980
Other equipment and property 267 273
3,426 3,253
Less accumulated amortization 1,279 1,167
2,147 2,086
Other Assets
Route acquisition costs, less accumulated amortization
(1998 - $240; 1997 - $211) 916 945
Airport operating and gate lease rights, less accumulated amortization
(1998 - $161; 1997 - $143) 312 325
Prepaid pension cost 304 382
Other 1,510 1,062
3,042 2,714
Total Assets $22,303 $20,859
The accompanying notes are an integral part of these financial statements.
CONSOLIDATED BALANCE SHEETS