US Airways 2004 Annual Report Download - page 77

Table of Contents
AMERICA WEST AIRLINES, INC.
Consolidated Balance Sheets
December 31, 2004 and 2003
(in thousands except share data)
2004 2003
(as restated -
See Note 2)
Assets
Current assets:
Cash and cash equivalents $ 128,497 $ 134,150
Short-term investments 126,651 322,615
Restricted cash 41,264 42,900
Accounts receivable, less allowance for doubtful accounts of $1,487 in 2004 and $5,806 in 2003 108,837 77,235
Expendable spare parts and supplies, less allowance for obsolescence of $14,759 in 2004 and $12,254 in 2003 57,563 58,575
Prepaid expenses 141,571 129,291
Total current assets 604,383 764,766
Property and equipment:
Flight equipment 926,930 858,395
Other property and equipment 289,279 271,593
Equipment purchase deposits 63,450 46,050
1,279,659 1,176,038
Less accumulated depreciation and amortization 624,193 569,468
655,466 606,570
Other assets:
Investments in debt securities 30,000 40,740
Restricted cash 72,091 69,876
Advances to parent company, net (see Note 5) 258,777 254,792
Other assets, net 90,270 110,198
451,138 475,606
$ 1,710,987 $ 1,846,942
Liabilities and Stockholder's Equity
Current liabilities:
Current maturities of long-term debt $ 151,183 $ 103,899
Current obligations under capital leases 3,475 3,442
Accounts payable 173,196 209,373
Payable to affiliate, net — 1,926
Air traffic liability 194,718 174,486
Accrued compensation and vacation benefits 42,699 61,045
Accrued taxes 20,651 24,117
Other accrued liabilities 65,958 59,277
Total current liabilities 651,880 637,565
Long-term debt, less current maturities 635,129 688,965
Capital leases, less current obligations 5,061 8,467
Deferred credits and other liabilities 132,103 139,873
Commitments and contingencies (see Note 7)
Stockholder's equity:
Class B common stock, $.01 par value. Authorized 1,000 shares; issued and outstanding 1,000 shares — —
Additional paid-in capital 555,114 555,115
Accumulated deficit (268,300) (183,043)
Total stockholder's equity 286,814 372,072
$ 1,710,987 $ 1,846,942
See accompanying notes to consolidated financial statements.
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