US Airways 2007 Annual Report Download - page 73

Table of Contents
US Airways Group, 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 $ 1,948 $ 1,116
Investments in marketable securities 226 1,249
Restricted cash 2 1
Accounts receivable, net 374 388
Materials and supplies, net 249 223
Prepaid expenses and other 548 377
Total current assets 3,347 3,354
Property and equipment
Flight equipment 2,414 2,051
Ground property and equipment 703 598
Less accumulated depreciation and amortization (757) (583)
2,360 2,066
Equipment purchase deposits 128 48
Total property and equipment 2,488 2,114
Other assets
Goodwill 622 629
Other intangibles, net 553 554
Restricted cash 466 666
Investments in marketable securities 353 —
Other assets, net 211 259
Total other assets 2,205 2,108
Total assets $ 8,040 $ 7,576
LIABILITIES & STOCKHOLDERS' EQUITY
Current liabilities
Current maturities of debt and capital leases $ 117 $ 95
Accounts payable 366 454
Air traffic liability 832 847
Accrued compensation and vacation 225 262
Accrued taxes 152 181
Other accrued expenses 859 873
Total current liabilities 2,551 2,712
Noncurrent liabilities and deferred credits
Long-term debt and capital leases, net of current maturities 3,031 2,907
Deferred gains and credits, net 168 205
Postretirement benefits other than pensions 138 187
Employee benefit liabilities and other 713 595
Total noncurrent liabilities and deferred credits 4,050 3,894
Commitments and contingencies (Note 10) — —
Stockholders' equity
Common stock, $0.01 par value; 200,000,000 shares authorized, 92,278,557 and 91,864,564 shares issued and
outstanding at December 31, 2007; 91,697,896 and 91,283,903 shares issued and outstanding at
December 31, 2006 1 1
Additional paid-in capital 1,536 1,501
Accumulated other comprehensive income 10 3
Accumulated deficit (95) (522)
Treasury stock, common stock, 413,993 shares at December 31, 2007 and December 31, 2006 (13) (13)
Total stockholders' equity 1,439 970
Total liabilities and stockholders' equity $ 8,040 $ 7,576
See accompanying notes to consolidated financial statements.
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