American Airlines 2002 Annual Report Download - page 27

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25
ITEM 6. SELECTED CONSOLIDATED FINANCIAL DATA
(in millions, except per share amounts)
2002 1,2 2001 3,4 2000 1999 1998 6
Total operating revenues $ 17,299 $ 18,963 $ 19,703 $ 17,730 $ 17,516
Operating income (loss) (3,330) (2,470) 1,381 1,156 1,988
Income (loss) from continuing
operations before
extraordinary loss and
cumulative effect of
accounting change 5(2,523) (1,762) 779 656 1,114
Net earnings (loss) (3,511) (1,762) 813 985 1,314
Earnings (loss) per share from
continuing operations before
extraordinary loss and
cumulative effect of
accounting change: 5
Basic
Diluted
(16.22)
(16.22)
(11.43)
(11.43)
5.20
4.81
4.30
4.17
6.60
6.38
Net earnings (loss) per share: 5
Basic
Diluted
(22.57)
(22.57)
(11.43)
(11.43)
5.43
5.03
6.46
6.26
7.78
7.52
Total assets 30,267 32,841 26,213 24,374 21,455
Long-term debt, less current
maturities 10,888 8,310 4,151 4,078 2,436
Obligations under capital
leases, less current
obligations 1,422 1,524 1,323 1,611 1,764
Obligation for postretirement
benefits 2,654 2,538 1,706 1,669 1,598
Stockholders’ equity 7957 5,373 7,176 6,858 6,698
1 Includes special charges and U.S. Government grant. For a further discussion of these items, see Note 3 to the consolidated financial
statements.
2 Includes a one-time, non-cash charge, effective January 1, 2002, of $988 million, net of tax, to write-off all of AMR’s goodwill. This
charge resulted from the adoption of Statement of Financial Accounting Standards Board No. 142, “Goodwill and Other Intangible
Assets” and is reflected as a cumulative effect of accounting change in the consolidated financial statements. For a further discussion
of this item, see Note 4 to the consolidated financial statements.
3 On April 9, 2001, American (through its wholly owned subsidiary TWA Airlines LLC) purchased substantially all of the assets and
assumed certain liabilities of Trans World Airlines, Inc. (TWA). Accordingly, the 2001 financial information above includes the
operating results of TWA LLC since the date of acquisition. See a further discussion of the TWA acquisition in Note 17 to the
consolidated financial statements.
4 Includes asset impairment charges, the impact of the September 11, 2001 terrorist attacks and U.S. Government grant. For a further
discussion of these items, see Note 3 to the consolidated financial statements.
5 Restated to reflect discontinued operations.
6 The earnings per share amounts reflect the stock split on June 9, 1998.
7 As of December 31, 2002, the Company recorded an additional minimum pension liability adjustment resulting in an after tax charge to
stockholders’ equity of approximately $1.0 billion. Effective after the close of business on March 15, 2000, AMR distributed 0.722652
shares of Sabre Holdings Corporation (Sabre) Class A Common Stock for each share of AMR stock owned by AMR’s shareholders,
thus distributing its entire ownership interest in Sabre. The dividend of AMR’s entire ownership in Sabre’s common stock resulted in a
reduction to AMR’s retained earnings equal to the carrying value of the Company’s investment in Sabre on March 15, 2000, which
approximated $581 million.
No cash dividends were declared on AMR’s common shares during any of the periods above.