Delta Airlines 2008 Annual Report Download - page 76

Table of Contents
Index to Financial Statements
DELTA AIR LINES, INC.
Consolidated Statements of Stockholders' Equity (Deficit)
(in millions, except per share data)
Common Stock
Additional
Paid-In
Capital
(Accumulated
Deficit)
Retained
Earnings
Accumulated
Other
Comprehensive
(Loss) Income
Treasury Stock
Total
Shares Amount Shares Amount
Balance at January 1, 2006 (Predecessor) 202 $ 2 $ 1,635 $ (8,209) $ (2,722) 13 $ (601) $ (9,895)
Comprehensive loss:
Net loss — — — (6,203) — — — (6,203)
Other comprehensive income — — — — 1,780 — — 1,780
Total comprehensive loss (4,423)
Adoption of SFAS 158, net of tax — — — — 424 — — 424
Dividends on Series B ESOP Convertible Preferred Stock allocated shares — — — (2) — — — (2)
Compensation expense associated with vesting stock options — — 8 — — — — 8
Compensation expense associated with rejection of stock options — — 55 — — — — 55
Transfer of Treasury shares under ESOP ($47.20 per share)(1) — — (137) — — (8) 377 240
Balance at December 31, 2006 (Predecessor) 202 2 1,561 (14,414) (518) 5 (224) (13,593)
Impact of adoption of FIN 48 — — — (30) — — — (30)
Balance at January 1, 2007 (Predecessor) 202 2 1,561 (14,444) (518) 5 (224) (13,623)
Comprehensive income:
Net income from January 1 to April 30, 2007 — — — 1,298 — — — 1,298
Other comprehensive income — — — — 75 — — 75
Total comprehensive income 1,373
Balance at April 30, 2007 (Predecessor) 202 2 1,561 (13,146) (443) 5 (224) (12,250)
Fresh start adjustments:
Cancellation of Predecessor common stock (202) (2) (1,561) — — (5) 224 (1,339)
Elimination of Predecessor accumulated deficit and accumulated other
comprehensive loss — — — 13,146 443 — — 13,589
Reorganization value ascribed to Successor — — 9,400 — — — — 9,400
Balance at May 1, 2007 (Successor) — — 9,400 — — — — 9,400
Comprehensive income:
Net income from May 1 to December 31, 2007 — — — 314 — — 314
Other comprehensive income — — — — 435 — 435
Total comprehensive income 749
Shares of common stock issued pursuant to Delta's Plan of Reorganization
(Treasury shares withheld for payment of taxes, $20.32 per share)(1) 278 — — — — 1 (20) (20)
Shares of common stock issued and compensation expense associated with equity
awards (Treasury shares withheld for payment of taxes, $20.56 per share)(1) 21 — 112 — — 6 (128) (16)
Balance at December 31, 2007 (Successor) 299 — 9,512 314 435 7 (148) 10,113
Comprehensive loss:
Net loss — — — (8,922) — — — (8,922)
Other comprehensive loss — — — — (4,515) — — (4,515)
Total comprehensive loss (13,437)
Shares of common stock issued pursuant to Delta's Plan of Reorganization 19 — — — — — — —
Shares of common stock issued and compensation expense associated with equity
awards (Treasury shares withheld for payment of taxes, $10.73 per share)(1) 1 — 54 — — — (4) 50
Stock options assumed in connection with the Merger — — 18 — — — — 18
Shares of common stock issued or issuable in exchange for Northwest common
stock outstanding or issuable in connection with the Merger 330 — 3,251 — — — — 3,251
Shares of common stock issued or issuable in connection with the Merger (Treasury
shares withheld for payment of taxes, $10.92 per share)(1) 52 — 803 — — 16 (171) 632
Shares of common stock issued and compensation expense associated with vesting
equity awards in connection with the Merger (Treasury shares withheld for
payment of taxes, $7.99 per share)(1) 2 — 75 — — 3 (20) 55
Sale of Treasury shares ($10.78 per share)(1) — — 1 — — (18) 191 192
Balance at December 31, 2008 (Successor) 703 $ — $ 13,714 $ (8,608) $ (4,080) 8 $ (152) $ 874
(1) Weighted average price per share
The accompanying notes are an integral part of these Consolidated Financial Statements.
F-6