American Airlines 1998 Annual Report Download - page 60

Download and view the complete annual report

Please find page 60 of the 1998 American Airlines 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.

Page out of 66

  • 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

58
(in millions, except share and per share amounts) 1998* 1997* 1996*
Total operating revenues $19,205 18,184 17,364
Total operating expenses $16,867 16,277 15,557
Operating income (loss) $2,338 1,907 1,807
Earnings (loss) from continuing operations before
extraordinary loss and cumulative effect of
accounting changes $1,306 973 1,083
Net earnings (loss) $1,314 985 1,016
Earnings (loss) per common share from continuing
operations before extraordinary loss and cumulative
effect of accounting changes:1
Basic $7.73 5.45 6.29
Diluted $7.48 5.32 5.95
Net earnings (loss) per common share:1
Basic $7.78 5.52 5.90
Diluted $7.52 5.39 5.59
Total assets $22,303 20,859 20,451
Long-term debt, less current maturities $2,436 2,248 2,737
Obligations under capital leases, less current obligations $1,764 1,629 1,790
Non-redeemable preferred stock - - -
Convertible preferred stock, common stock and
other stockholders’ equity2$6,698 6,216 5,668
Common shares outstanding at year-end (in thousands)1161,300 173,200 182,000
Book value per common share1$41.53 35.89 31.14
Preferred shares outstanding at year-end:
Convertible preferred stock ---
Non-redeemable preferred stock ---
*The results for 1998, 1997 and 1996 have been restated for discontinued operations.
1All share and earnings per share amounts prior to 1998 have been restated to give effect to the stock split on June 9, 1998.
2No dividends have been paid on common stock for any period presented.
ELEVEN YEAR COM PARATIVE SUM M ARY