US Airways 2007 Annual Report Download - page 127

Table of Contents
US Airways Group, Inc.
Notes to Consolidated Financial Statements — (Continued)
US Airways Group, Inc.
Consolidating Statement of Cash Flows
For the year ended December 31, 2005
US Airways US Airways
Group, Inc. (Parent Subsidiary Non-Guarantor Group, Inc.
Company Only) Guarantors Subsidiaries Eliminations Consolidated
(In millions)
Cash flows from operating activities:
Net loss $ (537) $ (533) $ (11) $ 544 $ (537)
Adjustments to reconcile net loss to net cash provided by operating activities:
Cumulative effect of change in accounting principle — 202 — — 202
Depreciation and amortization — 87 1 — 88
Loss (gain) on dispositions of property — 1 (1) — —
Non cash special charges, net — 86 — — 86
Change in fair value of fuel hedging instruments, net — (4) — — (4)
Amortization of deferred credits — (23) — — (23)
Amortization of deferred rent — 5 — — 5
Amortization of warrants — 12 — — 12
Amortization of debt issuance costs and guarantee fees — 30 — — 30
Amortization of debt discount — 10 1 — 11
Amortization of investment discount and premium, net — 9 — — 9
Stock-based compensation 5 — — — 5
Debt extinguishment costs — 2 — — 2
Equity in earnings of subsidiaries 540 4 — (544) —
Other — (18) — — (18)
Changes in operating assets and liabilities:
Decrease in restricted cash — 120 — — 120
Decrease in accounts receivable, net — 55 — — 55
Increase in expendable spare parts and supplies, net — (7) (1) — (8)
Increase in prepaid expenses — (50) (13) — (63)
Decrease in other assets, net — 9 2 — 11
Decrease in accounts payable — (45) — — (45)
Decrease in air traffic liability — (54) — — (54)
Decrease in accrued compensation and vacation benefits — — (1) — (1)
Decrease in accrued taxes — (5) — — (5)
Increase in other liabilities 2 149 17 — 168
Net cash provided by (used in) operating activities 10 42 (6) — 46
Cash flows from investing activities:
Purchases of property and equipment — (42) (2) — (44)
Purchases of marketable securities — (711) — — (711)
Sales of marketable securities — 416 — — 416
Cash acquired as part of acquisition — 279 — — 279
Costs incurred as part of acquisition (21) — — — (21)
Increase in long-term restricted cash — (112) — — (112)
Proceeds from disposition of property and equipment and sale-leaseback transactions — 592 — — 592
Net cash provided by (used in) investing activities (21) 422 (2) — 399
Cash flows from financing activities:
Repayments of debt and capital lease obligations (124) (615) (2) — (741)
Proceeds from issuance of debt 655 — — — 655
Proceeds from issuance of common stock, net 732 — — — 732
Acquisition of warrants (116) — — — (116)
Increase (decrease) in payables to affiliate, net (1,128) 1,117 11 — —
Other — 1 — — 1
Net cash provided by financing activities 19 503 9 — 531
Net increase in cash and cash equivalents 8 967 1 — 976
Cash and cash equivalents at beginning of year — 149 — — 149
Cash and cash equivalents at end of year $ 8 $ 1,116 $ 1 $ — $ 1,125
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