US Airways 2003 Annual Report Download - page 23

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Table of Contents
Pro Forma Consolidated Statements of Operations (in millions) (1)
The pro forma amounts below are provided to show what US Airways would have reported if the new accounting policy related to Dividend Miles
revenue recognition had been in effect in periods prior to 2000. On January 1, 2000, US Airways changed its method of accounting for the sale of mileage
credits in its Dividend Miles program from recognizing all revenue when credits are sold, to deferring the portion of revenue attributable to future
transportation and recognizing it as passenger revenue when the service is provided. The remaining portion of sales proceeds is recognized immediately as a
component of Other operating revenues. US Airways believes the new method results in a better matching of revenue with the period in which travel services
are provided. In connection with the change, US Airways recognized a $103 million, net of applicable income taxes, cumulative effect charge on January 1,
2000.
Successor
Company
Predecessor Company
Nine Months
Ended
December 31,
2003
Three
Months
Ended
March 31,
2003
Year Ended December 31,
2002
2001
2000
Pro
Forma
1999
Income (Loss) Before Cumulative Effect of Accounting Change $ (160) $ 1,613 $ (1,659) $ (1,996) $ (142) $ 262
Cumulative Effect of Accounting Change, Net of Applicable Income Taxes — — — 7 (103) —
Net Income (Loss) $ (160) $ 1,613 $ (1,659) $ (1,989) $ (245) $ 262
(1) Includes unusual items (See Note 16 to the Company's Notes to Consolidated Financial Statements for related information).
(2) Includes long-term debt, capital leases and postretirement benefits other than pensions (noncurrent). Includes liabilities subject to compromise at
December 31, 2002.
Note: Numbers may not add or calculate due to rounding.
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