US Airways 2006 Annual Report Download - page 85

Table of Contents
US Airways Group, Inc.
Consolidated Statements of Stockholders' Equity and Comprehensive Income
For the Years Ended December 31, 2006, 2005 and 2004
Retained Accumulated
Class B Additional Earnings/ Other Class B
Common Common Paid-In (Accumulated Comprehensive Treasury Treasury Comprehensive
Stock Stock Capital Deficit) Income Stock Stock Total Income (Loss)
(In millions, except share amounts)
Balance at December 31, 2003 $ — $ 1 $ 631 $ (200) $ — $ — $ (306) $ 126
Net loss — — — (89) — — — (89) $ (89)
Acquisition of 63,393 shares of Class B treasury stock due to
default on loan — — — — — — (2) (2)
Issuance of 71,917 shares of Class B common stock pursuant to
the exercise of stock options — — 1 — — — — 1
Total comprehensive loss $ (89)
Balance at December 31, 2004 — 1 632 (289) — — (308) 36
Net loss — — — (537) — — — (537) $ (537)
Issuance of 36,465,445 shares of common stock 1 — 564 — — — — 565
Issuance of 7,533,334 shares of common stock pursuant to the
exercise of stock options by investors, net of issuance costs — — 113 — — — — 113
Issuance of 9,775,000 shares of common stock pursuant to a
public stock offering, net of issuance costs — — 180 — — — — 180
Issuance of 8,212,119 shares of common stock to unsecured
creditors — — 96 — — — — 96
Withholding of 418,977 shares from the issuance of stock to
unsecured creditors to cover tax obligations — — — — — (13) — (13)
Issuance of 792,475 shares of common stock pursuant to the
exercise of stock options — — 12 — — — — 12
Cancellation of 6,781,470 shares of Class B Treasury Stock due
to the merger — — — — — — 308 308
Conversion of 21,430,147 shares of Class B common stock to
US Airways Group common stock — (1) (315) — — — — (316)
Issuance of 4,195,275 shares of common stock pursuant to the
conversion of the 7.25% notes — — 87 — — — — 87
Repurchase of 7,735,770 warrants held by the ATSB — — (116) — — — — (116)
Stock compensation for stock appreciation rights and restricted
stock units that will be ultimately settled in shares of
common stock — — 5 — — — — 5
Total comprehensive loss $ (537)
Balance at December 31, 2005 1 — 1,258 (826) — (13) — 420
Net income — — — 304 — — — 304 $ 304
Issuance of 3,860,358 shares of common stock pursuant to the
conversion of the 7.5% notes — — 95 — — — — 95
Issuance of 2,909,636 shares of common stock pursuant to the
conversion of the 7.0% notes — — 70 — — — — 70
Issuance of 386,925 shares of common stock pursuant to the
exercise of warrants — — 3 — — — — 3
Issuance of 2,019,305 shares of common stock pursuant to the
exercise of stock based compensation plans — — 41 — — — — 41
Stock-based compensation expense — — 34 — — — — 34
Adjustment to initially apply FASB Statement No. 158, net of
tax — — — — 3 — — 3
Total comprehensive income $ 304
Balance at December 31, 2006 $ 1 $ — $ 1,501 $ (522) $ 3 $ (13) $ — $ 970
See accompanying notes to consolidated financial statements.
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