US Airways 2005 Annual Report Download - page 235

Table of Contents
US Airways, Inc.
Notes to the Financial Statements — (Continued)
The effects of the Plan of Reorganization, fresh-start reporting and purchase accounting through December 31, 2005 on the balance sheet as of
September 27, 2005 are as follows (in millions):
Predecessor Debt Fresh-start Purchase Successor
Company Discharge(a) Adjustments(b) Accounting(c) Company
ASSETS
Current assets
Cash and cash equivalents $ 276 $ — $ — $ — $ 276
Restricted cash 87 — — — 87
Receivables, net 288 — 4 — 292
Materials and supplies, net 156 — (50) — 106
Prepaid expenses and other 158 — 4 (1) 161
Total current assets 965 — (42) (1) 922
Property and equipment, net 2,425 — (154) — 2,271
Other assets
Goodwill 2,490 — (1,680) (78) 732
Other intangibles, net 473 — 75 — 548
Restricted cash 608 — — — 608
Other assets, net 82 — 88 — 170
Total other assets 3,653 — (1,517) (78) 2,058
$ 7,043 $ — $ (1,713) $ (79) $ 5,251
LIABILITIES AND STOCKHOLDER'S EQUITY (DEFICIT)
Current liabilities
Current maturities of debt and capital leases $ 914 $ (79) $ (567) $ — $ 268
Accounts payable 261 58 (7) — 312
Payable (receivable) to related parties, net (225) 250 (2) — 23
Air traffic liability 790 — (20) (124) 646
Accrued compensation and wages 136 1 — 20 157
Accrued taxes 158 — — (14) 144
Other accrued expenses 551 177 65 3 796
Total current liabilities 2,585 407 (531) (115) 2,346
Noncurrent liabilities and deferred credits
Long-term debt and capital leases, net of current maturities 49 1,489 532 — 2,070
Deferred gains and credits 150 255 (176) — 229
Postretirement benefits other than pensions — 1,446 (1,247) — 199
Employee benefit liabilities and other 224 192 (45) 35 406
Total noncurrent liabilities and deferred credits 423 3,382 (936) 35 2,904
Liabilities subject to compromise 4,826 (4,826) — — —
Stockholder's equity (deficit)
Common stock — — — — —
Additional paid- in capital 348 96 (443) 1
Accumulated deficit (1,141) 941 199 1 —
Deferred compensation (4) — 4 — —
Accumulated other comprehensive income (loss) 6 — (6) — —
Total stockholder's equity (deficit) (791) 1,037 (246) 1 1
$ 7,043 $ — $ (1,713) $ (79) $ 5,251
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