US Airways 2007 Annual Report Download - page 124

Table of Contents
US Airways Group, Inc.
Notes to Consolidated Financial Statements — (Continued)
US Airways Group, Inc.
Consolidating Balance Sheet
December 31, 2006
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 $ 2 $ 1,110 $ 4 $ — $ 1,116
Investments in marketable securities — 1,249 — — 1,249
Restricted cash — 1 — — 1
Accounts receivable, net — 383 5 — 388
Receivables from related parties, net 2,706 — — (2,706) —
Materials and supplies, net — 187 36 — 223
Prepaid expenses and other — 351 26 — 377
Total current assets 2,708 3,281 71 (2,706) 3,354
Property and equipment
Flight equipment — 1,965 86 — 2,051
Ground property and equipment — 518 80 — 598
Less accumulated depreciation and amortization — (540) (43) — (583)
— 1,943 123 — 2,066
Equipment purchase deposits — 48 — — 48
Total property and equipment — 1,991 123 — 2,114
Other assets
Goodwill — 629 — — 629
Other intangibles, net — 513 41 — 554
Restricted cash — 666 — — 666
Other assets, net (415) 240 3 431 259
Total other assets (415) 2,048 44 431 2,108
Total assets $ 2,293 $ 7,320 $ 238 $ (2,275) $ 7,576
LIABILITIES AND STOCKHOLDERS' EQUITY
Current liabilities
Current maturities of debt and capital leases $ — $ 93 $ 2 $ — $ 95
Accounts payable — 436 18 — 454
Payables to related parties, net — 2,603 104 (2,707) —
Air traffic liability — 847 — — 847
Accrued compensation and vacation 1 250 11 — 262
Accrued taxes — 180 1 — 181
Other accrued expenses 1 850 22 — 873
Total current liabilities 2 5,259 158 (2,707) 2,712
Noncurrent liabilities and deferred credits
Long-term debt and capital leases, net of current maturities 1,324 1,556 27 — 2,907
Deferred gains and credits, net — 205 — — 205
Postretirement benefits other than pensions — 183 4 — 187
Employee benefit liabilities and other — 578 17 — 595
Total noncurrent liabilities and deferred credits 1,324 2,522 48 — 3,894
Stockholders' equity
Common stock 1 — — — 1
Additional paid-in capital 1,501 11 48 (59) 1,501
Accumulated other comprehensive income — — 3 — 3
Accumulated deficit (522) (472) (19) 491 (522)
Treasury stock (13) — — — (13)
Total stockholders' equity 967 (461) 32 432 970
Total liabilities and stockholders' equity $ 2,293 $ 7,320 $ 238 $ (2,275) $ 7,576
122