US Airways 2005 Annual Report Download - page 205

Table of Contents
America West Airlines, Inc.
Notes to Consolidated Financial Statements — (Continued)
17. Valuation and Qualifying Accounts (in millions)
Balance at Balance
Beginning at End
Description of Period Additions Deduction of Period
Allowance for doubtful receivables:
Year ended December 31, 2005 $ 1 $ 2 $ 1 $ 2
Year ended December 31, 2004 $ 6 $ 1 $ 6 $ 1
Year ended December 31, 2003 $ 7 $ 1 $ 2 $ 6
Allowance for obsolescence:
Year ended December 31, 2005 $ 15 $ 8 $ — $ 23
Year ended December 31, 2004 $ 12 $ 3 $ — $ 15
Year ended December 31, 2003 $ 9 $ 3 $ — $ 12
Valuation allowance on deferred tax asset, net:
Year ended December 31, 2005 $ 127 $ 157 $ — $ 284
Year ended December 31, 2004 $ 96 $ 55 $ 24 $ 127
Year ended December 31, 2003 $ 79 $ 39 $ 22 $ 96
Leased aircraft return provision:
Year ended December 31, 2005 $ 32 $ 2 $ 34 $ —
Year ended December 31, 2004 $ 27 $ 7 $ 2 $ 32
Year ended December 31, 2003 $ 22 $ 9 $ 4 $ 27
18. Quarterly Financial Data (Unaudited)
The 2005 and 2004 unaudited quarterly financial data has been adjusted to reflect certain reclassifications. These reclassifications include reclassing: fuel
hedging activities from nonoperating to operating expenses, the sale of frequent flier miles and related marketing services to affinity partner from other
operating expenses to operating revenues and Express expenses from operating revenues to operating expenses. See also Note 4 "Change in Method of
Reporting for America West Express Results and Other Reclassifications." In addition, 2005 quarterly financial data has been adjusted to reflect the change in
accounting policy for maintenance costs as if the change occurred on January 1, 2005. Pro forma adjustments have been made to the 2004 quarterly financial
data to reflect comparable information relating to the effect of the change in accounting policy for maintenance costs. See also Note 3 "Change in Accounting
Policy for Maintenance Costs." 199