US Airways 2006 Annual Report Download - page 172

Table of Contents
US Airways, Inc.
Balance Sheets
December 31, 2006 and 2005
(In millions, except share and per share amounts)
2006 2005
ASSETS
Current assets
Cash and cash equivalents $ 467 $ 462
Short-term investments 744 132
Restricted cash 1 8
Accounts receivable, net 201 227
Materials and supplies, net 112 109
Prepaid expenses and other 117 213
Total current assets 1,642 1,151
Property and equipment
Flight equipment 1,623 1,492
Ground property and equipment 205 205
Less accumulated depreciation and amortization (141) (28)
1,687 1,669
Equipment purchase deposits 32 32
Total property and equipment 1,719 1,701
Other assets
Goodwill 629 732
Other intangibles, net 513 541
Restricted cash 456 563
Other assets, net 164 120
Total other assets 1,762 1,956
Total assets $ 5,123 $ 4,808
LIABILITIES AND STOCKHOLDER'S EQUITY (DEFICIT)
Current liabilities
Current maturities of debt and capital leases $ 93 $ 117
Accounts payable 212 273
Payables to related parties, net 1,298 336
Air traffic liability 487 570
Accrued compensation and vacation 105 145
Accrued taxes 100 108
Other accrued expenses 656 684
Total current liabilities 2,951 2,233
Noncurrent liabilities and deferred credits
Long-term debt and capital leases, net of current maturities 1,200 1,900
Deferred gains and credits 173 215
Postretirement benefits other than pensions 183 189
Employee benefit liabilities and other 404 404
Total noncurrent liabilities and deferred credits 1,960 2,708
Commitments and contingencies
Stockholder's deficit
Common stock, $1 par, 1,000 shares issued and outstanding — —
Additional paid-in capital 1 1
Accumulated deficit 211 (134)
Total stockholder's equity (deficit) 212 (133)
Total liabilities and stockholder's equity (deficit) $ 5,123 $ 4,808
See accompanying notes to the financial statements.
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