US Airways 2005 Annual Report Download - page 170

Table of Contents
America West Airlines, Inc.
Consolidated Balance Sheets
December 31, 2005 and 2004
(in millions, except share amounts)
2005 2004
ASSETS
Current assets
Cash and cash equivalents $ 632 $ 128
Short-term investments 319 127
Restricted cash — 41
Accounts receivable, net 119 109
Materials and supplies, net 87 58
Prepaid expenses and other 169 141
Total current assets 1,326 604
Property and equipment
Flight equipment 348 927
Other property and equipment 309 289
Less accumulated depreciation and amortization (399) (624)
258 592
Equipment deposits 11 64
Net property and equipment 269 656
Other assets
Restricted cash 229 72
Advances to parent company 261 259
Other assets, net 107 120
Total other assets 597 451
$ 2,192 $ 1,711
LIABILITIES & STOCKHOLDER'S EQUITY (DEFICIENCY)
Current liabilities
Current maturities of long-term debt and capital leases $ 94 $ 154
Accounts payable 216 173
Payable to affiliate, net 443 —
Air traffic liability 218 195
Accrued compensation and vacation 59 43
Accrued taxes 25 21
Other accrued expenses 59 66
Total current liabilities 1,114 652
Long-term debt and capital leases, net of current maturities 936 640
Deferred gains and other liabilities 252 132
Commitments and contingencies (Note 9)
Stockholder's equity (deficiency)
Common stock, $0.01 par, 1,000 shares authorized, issued and outstanding — —
Additional paid-in capital 555 555
Accumulated deficit (665) (268)
Total stockholder's equity (deficiency) (110) 287
$ 2,192 $ 1,711
See accompanying notes to consolidated financial statements.
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