US Airways 2005 Annual Report Download - page 215

Table of Contents
US Airways, Inc.
Balance Sheets
December 31, 2005 and 2004
(in millions, except share and per share amounts)
Successor Predecessor
Company Company
2005 2004
ASSETS
Current assets
Cash and cash equivalents $ 462 $ 734
Short-term investments 132 —
Restricted cash 8 99
Accounts receivable, net 227 247
Materials and supplies, net 109 147
Prepaid expenses and other 213 136
Total current assets 1,151 1,363
Property and equipment
Flight equipment 1,492 3,084
Ground property and equipment 205 348
Less accumulated depreciation and amortization (28) (283)
1,669 3,149
Equipment purchase deposits 32 138
Total property and equipment 1,701 3,287
Other assets
Goodwill 732 2,490
Other intangibles, net 541 494
Restricted cash 563 527
Other assets, net 120 89
Total other assets 1,956 3,600
Total assets $ 4,808 $ 8,250
LIABILITIES AND STOCKHOLDER'S DEFICIT
Current liabilities
Current maturities of debt and capital leases $ 117 $ 721
Accounts payable 276 253
Payables to related parties, net 336 68
Air traffic liability 570 615
Accrued compensation and vacation 144 154
Accrued taxes 133 102
Other accrued expenses 657 486
Total current liabilities 2,233 2,399
Noncurrent liabilities and deferred credits
Long-term debt and capital leases, net of current maturities 1,855 —
Deferred gains and credits 215 44
Postretirement benefits other than pensions 189 —
Employee benefit liabilities and other 449 230
Total noncurrent liabilities and deferred credits 2,708 274
Liabilities subject to compromise — 6,078
Commitments and contingencies
Stockholder's deficit
Common stock, $1 par, 1,000 shares issued and outstanding — —
Additional paid-in capital 1 349
Accumulated deficit (134) (738)
Deferred compensation — (14)
Accumulated other comprehensive loss — (98)
Total stockholder's deficit (133) (501)
Total liabilities and stockholder's deficit $ 4,808 $ 8,250
See accompanying notes to the financial statements.
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