US Airways 2007 Annual Report Download - page 133

Table of Contents
US Airways, Inc.
Consolidated Balance Sheets
December 31, 2007 and 2006
2007 2006
(In millions, except share and per share amounts)
ASSETS
Current assets
Cash and cash equivalents $ 1,940 $ 1,111
Investments in marketable securities 226 1,249
Restricted cash 2 1
Accounts receivable, net 366 383
Materials and supplies, net 197 187
Prepaid expenses and other 524 351
Total current assets 3,255 3,282
Property and equipment
Flight equipment 2,295 1,965
Ground property and equipment 681 579
Less accumulated depreciation and amortization (729) (567)
2,247 1,977
Equipment purchase deposits 128 48
Total property and equipment 2,375 2,025
Other assets
Goodwill 622 629
Other intangibles, net 514 513
Restricted cash 466 666
Investments in marketable securities 353 —
Other assets, net 202 236
Total other assets 2,157 2,044
Total assets $ 7,787 $ 7,351
LIABILITIES AND STOCKHOLDER'S EQUITY (DEFICIT)
Current liabilities
Current maturities of debt and capital leases $ 101 $ 95
Accounts payable 333 436
Payables to related parties, net 1,067 2,604
Air traffic liability 832 847
Accrued compensation and vacation 214 250
Accrued taxes 158 180
Other accrued expenses 841 851
Total current liabilities 3,546 5,263
Noncurrent liabilities and deferred credits
Long-term debt and capital leases, net of current maturities 1,373 1,583
Deferred gains and credits, net 168 205
Postretirement benefits other than pensions 137 183
Employee benefit liabilities and other 713 578
Total noncurrent liabilities and deferred credits 2,391 2,549
Commitments and contingencies (Note 8) — —
Stockholder's equity
Common stock, $1 par, 1,000 shares issued and outstanding — —
Additional paid-in capital 1,845 11
Accumulated other comprehensive loss (1) —
Retained earnings (deficit) 6 (472)
Total stockholder's equity (deficit) 1,850 (461)
Total liabilities and stockholder's equity (deficit) $ 7,787 $ 7,351
See accompanying notes to consolidated financial statements.
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