United Airlines 2007 Annual Report Download - page 81

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United Air Lines, Inc. and Subsidiary Companies
Statements of Consolidated Financial Position
(In millions, except shares)
December 31,
2007
2006
Liabilities and Stockholder's Equity
Current liabilities:
Advance ticket sales $ 1,918 $ 1,669
Mileage Plus deferred revenue 1,268 1,111
Accounts payable 882 671
Accrued salaries, wages and benefits 896 795
Advanced purchase of miles (Note 18) 694 681
Long-term debt maturing within one year (Note 12) 678 1,687
Fuel purchase commitments 493 283
Current obligations under capital leases (Note 16) 250 110
Accrued interest 141 241
Other 723 922
7,943 8,170
Long-term debt (Note 12) 6,412 7,449
Long-term obligations under capital leases (Note 16) 1,106 1,350
Other liabilities and deferred credits:
Mileage Plus deferred revenue 2,569 2,569
Postretirement benefit liability (Note 9) 1,829 1,955
Deferred income taxes 555 596
Other 895 899
5,848 6,019
Commitments and contingent liabilities (Note 15)
Parent company mandatorily convertible preferred securities (Note 13) 371 361
Stockholder's equity:
Common stock at par, $5 par value; authorized 1,000 shares; issued 205 shares at
December 31, 2007 — —
Additional capital invested 2,000 2,127
Retained earnings 415 23
Accumulated other comprehensive income 141 82
2,556 2,232
$ 24,236 $ 25,581
See accompanying Combined Notes to Consolidated Financial Statements.
76
Source: UNITED AIR LINES INC, 10-K, February 29, 2008