US Airways 2006 Annual Report Download - page 136

Table of Contents
America West Airlines, Inc.
Consolidated Balance Sheets
December 31, 2006 and 2005
2006 2005
(In millions, except share amounts)
ASSETS
Current assets
Cash and cash equivalents $ 620 $ 632
Short-term investments 506 319
Accounts receivable, net 181 119
Materials and supplies, net 76 87
Prepaid expenses and other 234 169
Total current assets 1,617 1,326
Property and equipment
Flight equipment 343 348
Ground property and equipment 372 309
Less accumulated depreciation and amortization (426) (399)
289 258
Equipment purchase deposits 16 11
Total property and equipment 305 269
Other assets
Restricted cash 211 229
Advances to parent company 261 261
Other assets, net 70 107
Total other assets 542 597
Total assets $ 2,464 $ 2,192
LIABILITIES & STOCKHOLDER'S DEFICIT
Current liabilities
Current maturities of long-term debt and capital leases $ 2 $ 94
Accounts payable 224 146
Payable to related parties, net 981 443
Air traffic liability 359 218
Accrued compensation and vacation 144 59
Accrued taxes 80 25
Other accrued expenses 195 129
Total current liabilities 1,985 1,114
Noncurrent liabilities and deferred credits
Long-term debt and capital leases, net of current maturities 384 936
Deferred credits 32 39
Employee benefit liabilities and other 210 213
Total noncurrent liabilities and deferred credits 626 1,188
Commitments and contingencies (Note 7)
Stockholder's deficit
Common stock, $0.01 par, 1,000 shares authorized, issued and outstanding — —
Additional paid-in capital 555 555
Accumulated deficit (702) (665)
Total stockholder's deficit (147) (110)
Total liabilities and stockholder's deficit $ 2,464 $ 2,192
See accompanying notes to consolidated financial statements.
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