American Airlines 2002 Annual Report Download - page 87

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85
17. Acquisition of TWA (Continued)
The unaudited pro forma consolidated results of operations have been prepared for comparative purposes
only. These amounts are not indicative of the combined results which would have occurred had the transaction
actually been consummated on the date indicated above and are not indicative of the consolidated results of
operations which may occur in the future.
18. Quarterly Financial Data (Unaudited)
Unaudited summarized financial data by quarter for 2002 and 2001 (in millions, except per share
amounts):
First
Quarter (*)
Second
Quarter
Third
Quarter
Fourth
Quarter
2002
Operating revenues $ 4,136 $ 4,479 $ 4,494 $ 4,190
Operating loss (729) (601) (1,321) (679)
Loss from continuing operations
before cumulative effect of
accounting change (**)
(575) (495) (924) (529)
Net loss (1,563) (495) (924) (529)
Loss per share:
Basic (10.09) (3.19) (5.93) (3.39)
Diluted (10.09) (3.19) (5.93) (3.39)
2001
Operating revenues $ 4,760 $ 5,583 $ 4,816 $ 3,804
Operating loss (4) (760) (558) (1,148)
Net loss (43) (507) (414) (798)
Loss per share:
Basic (0.28) (3.29) (2.68) (5.17)
Diluted (0.28) (3.29) (2.68) (5.17)
(*) Certain amounts for the first quarter of 2001 related to the Company’s fuel hedging program have been reclassified to conform
with the 2001 presentation.
(**) The Company recorded a one-time, non-cash charge, effective January 1, 2002, of $988 million, net of tax, to write-off all of
AMR’s goodwill, as a result of the adoption of SFAS 142, which is reflected as a cumulative effect of accounting change in the
consolidated financial statements.