Delta Airlines 2010 Annual Report Download - page 50

Table of Contents
DELTA AIR LINES, INC.
Consolidated Balance Sheets
December 31,
(in millions, except share data) 2010 2009
ASSETS
Current Assets:
Cash and cash equivalents $ 2,892 $ 4,607
Short-term investments 718 71
Restricted cash, cash equivalents and short-term investments 409 423
Accounts receivable, net of an allowance for uncollectible accounts of $40 and $47 at December 31, 2010 and 2009, respectively 1,456 1,353
Expendable parts and supplies inventories, net of an allowance for obsolescence of $104 and $75 at December 31, 2010 and 2009,
respectively 318 327
Deferred income taxes, net 355 357
Prepaid expenses and other 1,159 853
Total current assets 7,307 7,991
Property and Equipment, Net:
Property and equipment, net of accumulated depreciation and amortization of $4,164 and $2,924 at December 31, 2010 and 2009,
respectively 20,307 20,433
Other Assets:
Goodwill 9,794 9,787
Identifiable intangibles, net of accumulated amortization of $530 and $451 at December 31, 2010 and 2009, respectively 4,749 4,829
Other noncurrent assets 1,031 749
Total other assets 15,574 15,365
Total assets $43,188 $43,789
LIABILITIES AND STOCKHOLDERS' EQUITY
Current Liabilities:
Current maturities of long-term debt and capital leases $ 2,073 $ 1,533
Air traffic liability 3,306 3,074
Accounts payable 1,713 1,249
Frequent flyer deferred revenue 1,690 1,614
Accrued salaries and related benefits 1,370 1,037
Taxes payable 579 525
Other accrued liabilities 654 765
Total current liabilities 11,385 9,797
Noncurrent Liabilities:
Long-term debt and capital leases 13,179 15,665
Pension, postretirement and related benefits 11,493 11,745
Frequent flyer deferred revenue 2,777 3,198
Deferred income taxes, net 1,924 1,917
Other noncurrent liabilities 1,533 1,222
Total noncurrent liabilities 30,906 33,747
Commitments and Contingencies
Stockholders' Equity:
Common stock at $0.0001 par value; 1,500,000,000 shares authorized, 847,716,723 and 794,873,058 shares issued at December 31,
2010 and 2009, respectively — —
Additional paid-in capital 13,926 13,827
Accumulated deficit (9,252) (9,845)
Accumulated other comprehensive loss (3,578) (3,563)
Treasury stock, at cost, 12,993,100 and 10,918,274 shares at December 31, 2010 and 2009, respectively (199) (174)
Total stockholders' equity 897 245
Total liabilities and stockholders' equity $43,188 $43,789
The accompanying notes are an integral part of these Consolidated Financial Statements.
46