US Airways 2004 Annual Report Download - page 49

Table of Contents
AMERICA WEST HOLDINGS CORPORATION
Consolidated Statements of Stockholders' Equity and Comprehensive Income
For the Years Ended December 31, 2004, 2003 and 2002
(in thousands except share data)
ACCUMULATED
CLASS A CLASS B ADDITIONAL RETAINED OTHER CLASS B
COMMON COMMON PAID-IN EARNINGS/ COMPREHENSIVE TREASURY
STOCK STOCK CAPITAL (DEFICIT) INCOME STOCK TOTAL
Balance at December 31, 2001 $ 9 $ 491 $ 593,784 $ 130,895 $ 1,390 $ (306,206) $ 420,363
Net loss — — — (387,909) — — (387,909)
Other comprehensive income (loss):
Changes in the fair value of derivative financial instruments,
net of tax — — — — 640 — 640
Total comprehensive income (loss) — — — (387,909) 640 — (387,269)
Issuance of warrants to purchase Class B common stock — — 35,384 — — — 35,384
Cancellation of 15,166 shares of Class B common stock issued
as restricted stock — — (300) — — — (300)
Balance at December 31, 2002 9 491 628,868 (257,014) 2,030 (306,206) 68,178
Net income — — — 57,420 — — 57,420
Correction of other comprehensive income (a) — — — — (2,030) — (2,030)
Conversion of 82,314 shares of Class A common stock to
Class B common stock (1) 1 — — — — —
Issuance of 1,653,908 shares of Class B common stock
pursuant to the exercise of stock warrants — 17 (17) — — — —
Issuance of 451,525 shares of Class B common stock pursuant
to the exercise of stock options — 3 2,462 — — — 2,465
Cancellation of 3,727 shares of Class B common stock issued
as restricted stock — — (44) — — — (44)
Balance at December 31, 2003, as restated 8 512 631,269 (199,594) — (306,206) 125,989
Net loss — — — (89,023) — — (89,023)
Other comprehensive loss:
Acquisition of 153,680 shares of Class B treasury stock due to
default on loan — — — — — (1,700) (1,700)
Issuance of 151,321 shares of Class B common stock pursuant
to the exercise of stock warrants — 2 — — — — 2
Issuance of 174,344 shares of Class B common stock pursuant
to the exercise of stock options — 2 633 — — — 635
Accelerated vesting — — 544 — — — 544
Balance at December 31, 2004 $ 8 $ 516 $ 632,446 $ (288,617) $ — $ (307,906) $ 36,447
(a) Correction of Other Comprehensive Income – See Note 2, "Restatement of Previously Reported Amounts"
See accompanying notes to consolidated financial statements.
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