United Airlines 2008 Annual Report Download - page 82

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UAL Corporation and Subsidiary Companies
Statements of Consolidated Financial Position
(In millions, except shares)
2008 2007
At December 31,
Assets
Current assets:
Cash and cash equivalents ............................................ $ 2,039 $ 1,259
Short-term investments .............................................. — 2,295
Restricted cash ..................................................... 54 325
Fuel hedge collateral deposits ......................................... 953
Receivables, less allowance for doubtful accounts (2008—$24; 2007—$27) ....... 714 888
Deferred income taxes ............................................... 263 78
Prepaid fuel ....................................................... 219 493
Aircraft fuel, spare parts and supplies, less obsolescence allowance (2008—$48;
2007—$25) ...................................................... 237 242
Prepaid expenses and other ........................................... 382 515
4,861 6,095
Operating property and equipment:
Owned—
Flight equipment ................................................. 8,766 9,335
Advances on flight equipment ....................................... — 102
Other property and equipment....................................... 1,751 1,669
10,517 11,106
Less—Accumulated depreciation and amortization ....................... (1,598) (1,062)
8,919 10,044
Capital leases—
Flight equipment ................................................. 1,578 1,449
Other property and equipment....................................... 39 34
1,617 1,483
Less—Accumulated amortization ..................................... (224) (168)
1,393 1,315
10,312 11,359
Other assets:
Intangibles, less accumulated amortization (Note 3) (2008—$339; 2007—$324) . . . 2,693 2,871
Goodwill (Note 3) .................................................. — 2,280
Aircraft lease deposits ............................................... 297 340
Restricted cash ..................................................... 218 431
Investments (Note 20) ............................................... 81 122
Other, net (Note 3) ................................................. 999 722
4,288 6,766
$19,461 $24,220
See accompanying Combined Notes to Consolidated Financial Statements.
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