US Airways 2011 Annual Report Download - page 136

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Table of Contents
9. Other Comprehensive Income (Loss)
US Airways' other comprehensive income (loss) consisted of the following (in millions):
Year Ended December 31,
2011 2010 2009
Net income (loss) $ 180 $ 599 $ (140)
Reversal of tax provision in other comprehensive income 21 — —
Reversal of net unrealized gains on sale of available-for-sale securities (3) — —
Recognition of net realized gains on sale of available-for-sale securities — (52) —
Net unrealized gains (losses) on available-for-sale securities, net of tax expense of $21 million in 2009 — (1) 35
Other postretirement benefits (16) (21) (19)
Total comprehensive income (loss) $ 182 $ 525 $ (124)
The components of accumulated other comprehensive income were as follows (in millions):
December 31, December 31,
2011 2010
Other postretirement benefits $ 22 $ 38
Available-for-sale securities — (18)
Accumulated other comprehensive income $ 22 $ 20
10. 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,
2011 2010 2009
Non-cash transactions:
Interest payable converted to debt $ 31 $ 40 $ 40
Note payables issued for aircraft purchases — 118 333
Net unrealized loss (gain) on available-for-sale securities — 1 (58)
Prepayment applied to equipment purchase deposits — (38) —
Deposit applied to principal repayment on debt — (31) —
Forgiveness of intercompany payable to US Airways Group — — 600
Debt extinguished from sale of aircraft — — (251)
Maintenance payable converted to debt — — 8
Cash transactions:
Interest paid, net of amounts capitalized 147 164 145
Income taxes paid — 1 —
11. Related Party Transactions
The following represents net payable balances to related parties (in millions):
December 31,
2011 2010
US Airways Group $ 514 $ 571
US Airways Group's wholly owned subsidiaries 87 55
$ 601 $ 626
(a) Parent Company
US Airways Group has the ability to move funds freely between its operating subsidiaries to support operations. These transfers are recognized as
intercompany transactions.
US Airways recorded interest expense for the years ended December 31, 2011, 2010 and 2009 of $6 million, $9 million and $27 million, respectively,
related to its intercompany payable balance to US Airways Group. Interest is calculated at market rates, which are reset quarterly.
133