United Airlines 2007 Annual Report Download - page 123
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UAL Corporation and Subsidiary Companies
Combined Notes to Consolidated Financial Statements (Continued)
(10) Segment Information (Continued)
The accounting policies for each of these reporting segments are the same as those described in Note 2, "Summary of Significant Accounting Policies,"
except that segment financial information has been prepared using a management approach which is consistent with how the Company internally disperses
financial information for the purpose of making internal operating decisions. The Company evaluates segment financial performance based on earnings before
income taxes, special items, reorganization items, and gain on sale of investments. As discussed in the notes to the tables below, the Company does not allocate
corporate overhead expenses to its United Express segment. Certain selling and operational costs are allocated to United Express. See Note 2(j), "Summary of
Significant Accounting Policies—United Express" for additional information related to United Express expenses.
The following table presents UAL segment information for the year ended December 31, 2007, the eleven month period ended December 31, 2006, the one
month period ended January 31, 2006 and the year ended December 31, 2005:
Successor
Predecessor
(In millions)
Year
Ended
2007
February 1 to
December 31,
2006
January 1 to
January 31,
2006
Year
Ended
2005
UAL
Revenue:
Mainline $ 17,035 $ 15,185 $ 1,254 $ 14,950
United Express 3,063 2,697 204 2,429
Special revenue items 45 — — —
Total $ 20,143 $ 17,882 $ 1,458 $ 17,379
Depreciation and amortization:
Mainline $ 925 $ 820 $ 68 $ 856
United Express(a) 9 7 1 17
Segment earnings (loss) and reconciliation to
Statements of Consolidated Operations:
Mainline $ 448 $ (91) $ (59) $ (240)
United Express 122 101 (24) (317)
Reorganization items, net — — 22,934 (20,601)
Gain on sale of investment (Note 7) 41 — — —
Special revenue items (Note 20) 45 — — —
Special expense items (Note 20) 44 36 — (18)
Less: Equity earnings in affiliates(b) (5) (3) (5) (4)
Consolidated earnings (loss) before income taxes
and equity earnings in affiliates $ 695 $ 43 $ 22,846 $ (21,180)
(a)
United Express depreciation expense relates to assets used in United Express operations. This depreciation is included in Regional affiliates expense in
the Company's Statements of Consolidated Operations.
(b)
Equity earnings are part of the mainline segment.
114
Source: UNITED AIR LINES INC, 10-K, February 29, 2008