Delta Airlines 2009 Annual Report Download - page 61
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Table of Contents
DELTA AIR LINES, INC.
Consolidated Balance Sheets
December 31,
(in millions, except share data) 2009 2008
ASSETS
Current Assets:
Cash and cash equivalents $ 4,607 $ 4,255
Short-term investments 71 212
Restricted cash and cash equivalents 423 429
Accounts receivable, net of an allowance for uncollectible accounts of $47 and $42 at December 31, 2009 and 2008, respectively 1,353 1,513
Hedge margin receivable 7 1,139
Expendable parts and supplies inventories, net of an allowance for obsolescence of $75 and $32 at December 31, 2009 and 2008,
respectively 327 388
Deferred income taxes, net 107 401
Prepaid expenses and other 846 637
Total current assets 7,741 8,974
Property and Equipment, Net:
Property and equipment, net of accumulated depreciation and amortization of $2,924 and $1,558 at December 31, 2009 and 2008,
respectively 20,433 20,627
Other Assets:
Goodwill 9,787 9,731
Identifiable intangibles, net of accumulated amortization of $451 and $354 at December 31, 2009 and 2008, respectively 4,829 4,944
Other noncurrent assets 749 808
Total other assets 15,365 15,483
Total assets $43,539 $45,084
LIABILITIES AND STOCKHOLDERS' EQUITY
Current Liabilities:
Current maturities of long-term debt and capital leases $ 1,533 $ 1,160
Air traffic liability 3,074 3,385
Accounts payable 1,249 1,604
Frequent flyer deferred revenue 1,614 1,624
Accrued salaries and related benefits 1,037 972
Hedge derivatives liability 139 1,247
Taxes payable 525 565
Other accrued liabilities 626 535
Total current liabilities 9,797 11,092
Noncurrent Liabilities:
Long-term debt and capital leases 15,665 15,411
Pension, postretirement and related benefits 11,745 10,895
Frequent flyer deferred revenue 3,198 3,489
Deferred income taxes, net 1,667 1,981
Other noncurrent liabilities 1,222 1,342
Total noncurrent liabilities 33,497 33,118
Commitments and Contingencies
Stockholders' Equity:
Common stock at $0.0001 par value; 1,500,000,000 shares authorized, 794,873,058 and 702,685,427 shares issued at December 31,
2009 and 2008, respectively — —
Additional paid-in capital 13,827 13,714
Accumulated deficit (9,845) (8,608)
Accumulated other comprehensive loss (3,563) (4,080)
Treasury stock, at cost, 10,918,274 and 7,548,543 shares at December 31, 2009 and 2008, respectively (174) (152)
Total stockholders' equity 245 874
Total liabilities and stockholders' equity $43,539 $45,084
The accompanying notes are an integral part of these Consolidated Financial Statements.
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