US Airways 2006 Annual Report Download - page 220

Table of Contents
US Airways, Inc.
Notes to the Financial Statements — (Continued)
15. 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
Year Ended Ended Ended Year Ended
December 31, December 31, September 30, December 31,
2006 2005 2005 2004
Noncash transactions:
Equipment acquired through issuance of debt $ — $ — $ 99 $ 345
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 65 186 — —
Repayment of ATSB and Airbus loans by US Airways Group 712 — — —
Forgiveness of Airbus loan and interest 51 — — —
Supplemental information:
Interest paid during the period $ 129 $ 40 $ 200 $ 160
Income taxes refunded (paid) during the period 5 — — 12
16. Valuation and Qualifying Accounts and Reserves (in millions)
Balance at Balance
Beginning at End
Description of Period Additions Deductions of Period
Allowance for doubtful receivables:
Year ended December 31, 2006 $ 8 5 7 $ 6
Three months ended December 31, 2005 $ 8 2 2 $ 8
Nine months ended September 30, 2005 $ 22 5 19 $ 8
Year ended December 31, 2004 $ 17 7 2 $ 22
Allowance for inventory obsolescence:
Year ended December 31, 2006 $ 1 5 3 $ 3
Three months ended December 31, 2005 $ — 1 — $ 1
Nine months ended September 30, 2005 $ 13 5 18(a) $ —
Year ended December 31, 2004 $ 5 8 — $ 13
Valuation allowance on deferred tax asset, net:
Year ended December 31, 2006 $ 156 — 133 $ 23
Year ended December 31, 2005 $ 822 — 666 $ 156
Year ended December 31, 2004 $ 617 205 — $ 822
(a) Allowance for obsolescence of inventories eliminated upon adoption of fresh-start reporting. See Note 2(b).
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