US Airways 2007 Annual Report Download - page 123

Table of Contents
US Airways Group, Inc.
Notes to Consolidated Financial Statements — (Continued)
US Airways Group, Inc.
Consolidating Balance Sheet
December 31, 2007
US Airways
Group, Inc. (Parent Subsidiary Non-Guarantor US Airways Group,
Company Only) Guarantors Subsidiaries Eliminations Inc. Consolidated
(In millions)
ASSETS
Current assets
Cash and cash equivalents $ 6 $ 1,940 $ 2 $ — $ 1,948
Investments in marketable securities — 226 — — 226
Restricted cash — 2 — — 2
Accounts receivable, net — 366 8 — 374
Receivables from related parties, net 1,192 — — (1,192) —
Materials and supplies, net — 197 52 — 249
Prepaid expenses and other — 524 24 — 548
Total current assets 1,198 3,255 86 (1,192) 3,347
Property and equipment
Flight equipment — 2,295 119 — 2,414
Ground property and equipment — 620 83 — 703
Less accumulated depreciation and amortization — (700) (57) — (757)
— 2,215 145 — 2,360
Equipment purchase deposits — 128 — — 128
Total property and equipment — 2,343 145 — 2,488
Other assets
Goodwill — 622 — — 622
Other intangibles, net — 514 39 — 553
Restricted cash — 466 — — 466
Investments in marketable securities — 353 — — 353
Other assets, net 1,896 201 2 (1,888) 211
Total other assets 1,896 2,156 41 (1,888) 2,205
Total assets $ 3,094 $ 7,754 $ 272 $ (3,080) $ 8,040
LIABILITIES AND STOCKHOLDERS' EQUITY
Current liabilities
Current maturities of debt and capital leases $ 16 $ 99 $ 2 $ — $ 117
Accounts payable — 333 33 — 366
Payables to related parties, net — 1,063 129 (1,192) —
Air traffic liability — 832 — — 832
Accrued compensation and vacation — 214 11 — 225
Accrued taxes (6) 158 — — 152
Other accrued expenses 3 841 15 — 859
Total current liabilities 13 3,540 190 (1,192) 2,551
Noncurrent liabilities and deferred credits
Long-term debt and capital leases, net of current maturities 1,657 1,346 28 — 3,031
Deferred gains and credits — 168 — — 168
Postretirement benefits other than pensions — 137 1 — 138
Employee benefit liabilities and other (5) 713 5 — 713
Total noncurrent liabilities and deferred credits 1,652 2,364 34 — 4,050
Stockholders' equity
Common stock 1 — — — 1
Additional paid-in capital 1,536 1,845 47 (1,892) 1,536
Accumulated other comprehensive income (loss) — (1) 11 — 10
Retained earnings (deficit) (95) 6 (10) 4 (95)
Treasury stock (13) — — — (13)
Total stockholders' equity 1,429 1,850 48 (1,888) 1,439
Total liabilities and stockholders' equity $ 3,094 $ 7,754 $ 272 $ (3,080) $ 8,040
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