US Airways 2005 Annual Report Download - page 271

Table of Contents
US Airways, Inc.
Notes to the Financial Statements — (Continued)
RSA including the underlying assumptions; (iii) the equity transactions encompassed by the investment agreement with RSA; (iv) a discounted cash flow
analysis prepared on a going concern basis; (v) current and historical market values of publicly traded companies that are in businesses reasonably comparable
to US Airways Group and (vi) certain additional economic and industry conditions. US Airways' equity value of $349 million was determined based on a
review of each of US Airways Group's subsidiaries' fair value of assets and liabilities. US Airways received third party appraisals for certain assets and
liabilities subsequent to March 31, 2003. Changes in the fair value of these assets and liabilities from the previously estimated values impacted the reported
value of goodwill.
16. Supplemental information to statement of cash flows
Supplemental disclosure of cash flow information and non-cash investing and financing activities were as follows (in millions):
Three Months Nine Months Nine Months Three Months
Ended Ended Year Ended Ended Ended
December 31, September 30, December 31, December 31, March 31,
2005 2005 2004 2003 2003
Noncash transactions:
Equipment acquired through issuance of debt $ — $ 99 $ 345 $ 30 $ —
Proceeds from sale leaseback transaction used to repay debt — 633 — — —
Debt assumed by purchaser in sale of flight equipment — 167 — — —
Equipment deposits used to repay debt and penalties — 22 — — —
Receivable from US Airways Group for Airbus loans 186 — — — —
Supplemental information:
Interest paid during the period $ 40 $ 200 $ 160 $ 126 $ 72
Income taxes refunded (paid) during the period — 12 (18) 2
265