US Airways 2008 Annual Report Download - page 98

Table of Contents
US Airways Group, Inc.
Notes to Consolidated Financial Statements — (Continued)
For the year ended December 31, 2006, 1,254,960 shares underlying stock options and stock appreciation rights were not included
in the computation of diluted EPS because inclusion of such shares would be antidilutive or because the exercise prices were greater than
the average market price of common stock for the period. Also, 34,650 performance-based restricted stock unit awards were excluded as
the performance-based provision had not been met as of December 31, 2006. In addition, 1,054,692 incremental shares from assumed
conversion of the 7.5% convertible senior notes are not included in the computation of diluted EPS due to their antidilutive effect.
4. Debt
The following table details the Company's debt as of December 31, 2008 and 2007 (in millions). Variable interest rates listed are the
rates as of December 31, 2008 unless noted.
December 31, December 31,
2008 2007
Secured
Citicorp North America loan, variable interest rate of 2.97%, installments due through 2014(a) $ 1,184 $ 1,600
Equipment loans, aircraft pre-delivery payment financings and other notes payable, fixed and variable interest
rates ranging from 1.87% to 12.15%, averaging 5.75% as of December 31, 2008, maturing from 2010 to
2020(b) 1,674 802
Aircraft enhanced equipment trust certificates ("EETCs"), fixed interest rates ranging from 7.08% to 9.01%,
averaging 7.79% as of December 31, 2008, maturing from 2015 to 2022(c) 540 576
Slot financing, fixed interest rate of 8.08%, interest only payments until due in 2015(d) 47 47
Capital lease obligations, interest rate of 8%, installments due through 2021(e) 39 41
Senior secured discount notes, variable interest rate of 5.34%, due in 2009(f) 32 32
Capital lease obligations, computer software — 1
3,516 3,099
Unsecured
Barclays prepaid miles, variable interest rate of 5.19%, interest only payments(g) 200 —
Airbus advance, repayments beginning in 2010 through 2018(h) 207 —
7% senior convertible notes, interest only payments until due in 2020(i) 74 74
Engine maintenance notes(j) 72 57
Industrial development bonds, fixed interest rate of 6.3%, interest only payments until due in 2023(k) 29 29
Note payable to Pension Benefit Guaranty Corporation, fixed interest rate of 6%, interest only payments until
due in 2012(l) 10 10
Other notes payable, due in 2009 45 —
637 170
Total long-term debt and capital lease obligations 4,153 3,269
Less: Total unamortized discount on debt (157) (121)
Current maturities, less $10 million of unamortized discount on debt at December 31, 2008 (362) (117)
Long-term debt and capital lease obligations, net of current maturities $ 3,634 $ 3,031
(a) On March 23, 2007, US Airways Group entered into a term loan credit facility with Citicorp North America, Inc., as administrative
agent, and a syndicate of lenders pursuant to which the Company borrowed an aggregate
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