American Airlines 2001 Annual Report Download - page 16

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14
CONSOLIDATED STATEMENTS OF OPERATIONS
Year Ended December 31,
(in millions, except per share amounts) 2001 2000 1999
Revenues
Passenger – American Airlines $ 15,780 $ 16,394 $ 14,724
– AMR Eagle 1,378 1,452 1,294
Cargo 662 721 643
Other revenues 1,143 1,136 1,069
Total operating revenues 18,963 19,703 17,730
Expenses
Wages, salaries and benefits 8,032 6,783 6,120
Aircraft fuel 2,888 2,495 1,696
Depreciation and amortization 1,404 1,202 1,092
Other rentals and landing fees 1,197 999 942
Maintenance, materials and repairs 1,165 1,095 1,003
Commissions to agents 835 1,037 1,162
Aircraft rentals 829 607 630
Food service 778 777 740
Other operating expenses 3,695 3,327 3,189
Special charges, net of U.S. Government grant 610 - -
Total operating expenses 21,433 18,322 16,574
Operating Income (Loss) (2,470) 1,381 1,156
Other Income (Expense)
Interest income 110 154 95
Interest expense (538) (467) (393)
Interest capitalized 144 151 118
Miscellaneous – net (2) 68 30
(286) (94) (150)
Income (Loss) From Continuing Operations Before Income
Taxes and Extraordinary Loss (2,756) 1,287 1,006
Income tax provision (benefit) (994) 508 350
Income (Loss) From Continuing Operations Before
Extraordinary Loss (1,762) 779 656
Income From Discontinued Operations, Net of Applicable
Income Taxes and Minority Interest - 43 265
Gain on Sale of Discontinued Operations, Net of Applicable
Income Taxes - - 64
Income (Loss) Before Extraordinary Loss (1,762) 822 985
Extraordinary Loss, Net of Applicable Income Taxes - (9) -
Net Earnings (Loss) $ (1,762) $ 813 $ 985
Earnings (Loss) Per Share:
Basic
Income (loss) from continuing operations $ (11.43) $ 5.20 $ 4.30
Discontinued operations - 0.30 2.16
Extraordinary loss - (0.07) -
Net earnings (loss) $ (11.43) $ 5.43 $ 6.46
Diluted
Income (loss) from continuing operations $ (11.43) $ 4.81 $ 4.17
Discontinued operations - 0.27 2.09
Extraordinary loss - (0.05) -
Net earnings (loss) $ (11.43) $ 5.03 $ 6.26
The accompanying notes are an integral part of these financial statements.