American Airlines 1998 Annual Report Download - page 41

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39
December 31,
(in millions, except shares and par value) 1998 1997
Liabilities and Stockholders’ Equity
Current Liabilities
Accounts payable $1,152 $1,028
Accrued salaries and wages 991 879
Accrued liabilities 1,131 1,091
Air traffic liability 2,163 2,044
Current maturities of long-term debt 48 395
Current obligations under capital leases 154 135
Total current liabilities 5,639 5,572
Long-Term Debt, Less Current Maturities 2,436 2,248
Obligations Under Capital Leases, Less Current Obligations 1,764 1,629
Other Liabilities and Credits
Deferred income taxes 1,491 1,112
Deferred gains 573 610
Postretirement benefits 1,649 1,573
Other liabilities and deferred credits 2,053 1,899
5,766 5,194
Commitments and Contingencies
Stockholders’ Equity
Common stock - $1 par value; shares authorized: 750,000,000;
shares issued: 1998 and 1997 - 182,278,766 182 182
Additional paid-in capital 3,075 3,104
Treasury shares at cost: 1998 - 20,927,692; 1997 - 9,080,832 (1,288) (485)
Accumulated other comprehensive income (4) (4)
Retained earnings 4,733 3,419
6,698 6,216
Total Liabilities and Stockholders’ Equity $ 22,303 $20,859
AMR CORPORATION