US Airways 2009 Annual Report Download - page 105

Table of Contents
operation and maintenance of the aircraft, and for tort liabilities that arise out of or relate to the Company's use or occupancy of the leased
asset. In some cases, this indemnity extends to related liabilities arising from the negligence of the indemnified parties, but usually
excludes any liabilities caused by their gross negligence or willful misconduct. In aircraft financing agreements structured as leveraged
leases, the Company typically indemnifies the lessor with respect to adverse changes in U.S. tax laws.
10. Other Comprehensive Income (Loss)
The Company's other comprehensive income (loss) consisted of the following (in millions):
Year Ended December 31,
2009 2008 2007
Net income (loss) $ (205) $ (2,215) $ 423
Net unrealized gains (losses) on available-for-sale securities, net of tax expense of $21 million in 2009 35 — (48)
Recognition of previous unrealized losses now deemed other-than-temporary — 48 —
Pension and other postretirement benefits (10) 7 55
Total comprehensive income (loss) $ (180) $ (2,160) $ 430
The components of accumulated other comprehensive income were as follows (in millions):
December 31, December 31,
2009 2008
Pension and other postretirement benefits $ 55 $ 65
Accumulated net unrealized gains on available-for-sale securities, net of tax 35 —
Accumulated other comprehensive income $ 90 $ 65
11. Supplemental Cash Flow Information
Supplemental disclosure of cash flow information and non-cash investing and financing activities are as follows (in millions):
Year Ended December 31,
2009 2008 2007
Non-cash transactions:
Note payables issued for aircraft purchases $ 333 $ — $ —
Debt extinguished from sale of aircraft (251) — —
Unrealized loss (gain) on available-for-sale securities, net (58) — 48
Interest payable converted to debt 40 7 —
Maintenance payable converted to debt 8 33 —
Cash transactions:
Interest paid, net of amounts capitalized 195 216 248
Income taxes paid — 1 4
12. Related Party Transactions
Richard A. Bartlett, a member of the Company's board of directors until June 2008, is a greater than 10% owner of Air Wisconsin. US
Airways and Air Wisconsin also entered into a regional jet services agreement under which Air Wisconsin may, but is not required to,
provide regional jet service under a US Airways Express code share arrangement. On April 8, 2005, Air Wisconsin notified the Company
of its intention to deploy 70 regional jets, the maximum number provided for in the agreement, into the US Airways Express network.
Mr. Bartlett became a member of the board of directors pursuant to certain stockholder agreements, which by their terms expired in June
2008.
Edward L. Shapiro, a member of the Company's board of directors until June 2008, is a Vice President and partner of PAR Capital
Management, the general partner of PAR. PAR received 10,768,485 shares of US Airways Group
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