United Airlines 2007 Annual Report Download - page 124
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UAL Corporation and Subsidiary Companies
Combined Notes to Consolidated Financial Statements (Continued)
(10) Segment Information (Continued)
The following table presents United 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
United
Revenue:
Mainline $ 17,023 $ 15,183 $ 1,250 $ 14,875
United Express 3,063 2,697 204 2,429
Special revenue items 45 — — —
Total $ 20,131 $ 17,880 $ 1,454 $ 17,304
Depreciation and amortization:
Mainline $ 925 $ 820 $ 68 $ 854
United Express(a) 9 7 1 17
Segment earnings (loss) and reconciliation to
Statements of Consolidated Operations:
Mainline $ 446 $ (76) $ (59) $ (282)
United Express 122 101 (24) (317)
Reorganization items, net — — 22,709 (20,432)
Gain on sale of investments (Note 7) 41 — — —
Special revenue items (Note 20) 45 — — —
Special expense items (Note 20) 44 36 — (5)
Less: Equity earnings in affiliates(b) (5) (3) (5) (4)
Consolidated earnings (loss) before income taxes
and equity earnings in affiliates $ 693 $ 58 $ 22,621 $ (21,040)
(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.
The Company does not allocate interest income or interest expense to the United Express segment in reports used to evaluate segment performance.
Therefore, all amounts classified as interest income and interest expense in the Statements of Consolidated Operations relate to the mainline segment.
In accordance with SFAS 142, on the Effective Date the Company allocated goodwill upon adoption of fresh-start reporting in a manner similar to how the
amount of goodwill recognized in a business combination is determined. This required the determination of the fair value of each reporting unit to calculate an
estimated purchase price for such reporting unit. This purchase price was then allocated to the individual assets and liabilities assumed to be related to that
reporting unit. Any excess purchase price is the amount of goodwill assigned to that reporting unit. To the extent that individual assets and liabilities could be
assigned directly to specific reporting units, those assets and liabilities
115
Source: UNITED AIR LINES INC, 10-K, February 29, 2008