US Airways 2008 Annual Report Download - page 34

Table of Contents
Item 6. Selected Financial Data
Selected Consolidated Financial Data of US Airways Group
The selected consolidated financial data presented below under the captions "Consolidated Statements of Operations Data" and
"Consolidated Balance Sheet Data" as of and for the years ended December 31, 2008, 2007, 2006, 2005 and 2004 are derived from the
audited consolidated financial statements of US Airways Group. The full years 2008, 2007 and 2006 are comprised of the consolidated
financial data of US Airways Group. The 2005 consolidated financial data presented includes the consolidated results of America West
Holdings for the 269 days through September 27, 2005, the effective date of the merger, and the consolidated results of US Airways
Group and its subsidiaries, including US Airways, America West Holdings and AWA, for the 96 days from September 27, 2005 to
December 31, 2005. For 2004, the consolidated financial data for US Airways Group reflects only the consolidated results of America
West Holdings. The selected consolidated financial data should be read in conjunction with the consolidated financial statements for the
respective periods, the related notes and the related reports of US Airways Group's independent registered public accounting firm.
Year Ended December 31,
2008 2007 2006 2005 2004
(In millions except share data)
Consolidated statements of operations data:
Operating revenues $ 12,118 $11,700 $11,557 $ 5,069 $ 2,757
Operating expenses(a) 13,918 11,167 10,999 5,286 2,777
Operating income (loss)(a) (1,800) 533 558 (217) (20)
Income (loss) before cumulative effect of change in accounting principle(b) (2,210) 427 303 (335) (89)
Cumulative effect of change in accounting principle, net(c) — — 1 (202) —
Net income (loss) $ (2,210) $ 427 $ 304 $ (537) $ (89)
Earnings (loss) per common share before cumulative effect of change in accounting
principle:
Basic $ (22.06) $ 4.66 $ 3.50 $ (10.65) $ (5.99)
Diluted (22.06) 4.52 3.32 (10.65) (5.99)
Cumulative effect of change in accounting principle:
Basic $ — $ — $ 0.01 $ (6.41) $ —
Diluted — — 0.01 (6.41) —
Earnings (loss) per common share:
Basic $ (22.06) $ 4.66 $ 3.51 $ (17.06) $ (5.99)
Diluted (22.06) 4.52 3.33 (17.06) (5.99)
Shares used for computation (in thousands):
Basic 100,168 91,536 86,447 31,488 14,861
Diluted 100,168 95,603 93,821 31,488 14,861
Consolidated balance sheet data (at end of period):
Total assets $ 7,214 $ 8,040 $ 7,576 $ 6,964 $ 1,475
Long-term obligations, less current maturities(d) 4,352 3,732 3,539 3,481 640
Total stockholders' equity (deficit) (505) 1,439 970 420 36
(a) The 2008 period included a $622 million non-cash charge to write off all of the goodwill created by the merger of US Airways Group
and America West Holdings in September 2005, as well as $496 million of net unrealized losses on fuel hedging instruments. In
addition, the 2008 period included $35 million of merger related
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