United Airlines 2008 Annual Report Download - page 83
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UAL Corporation and Subsidiary Companies
Statements of Consolidated Financial Position
(In millions, except shares)
2008 2007
At December 31,
Liabilities and Stockholders’ Equity (Deficit)
Current liabilities:
Advance ticket sales ................................................. $ 1,530 $ 1,918
Mileage Plus deferred revenue......................................... 1,414 1,268
Accounts payable ................................................... 829 877
Long-term debt maturing within one year (Note 12) ........................ 782 678
Accrued salaries, wages and benefits .................................... 756 896
Fuel derivative payable (Note 13) ...................................... 858 —
Fuel purchase commitments........................................... 219 493
Current obligations under capital leases (Note 15) ......................... 168 250
Accrued interest .................................................... 112 141
Distribution payable (Note 21) ........................................ 4 257
Advanced purchase of miles (Note 17) .................................. — 694
Other............................................................ 609 507
7,281 7,979
Long-term debt (Note 12) .............................................. 6,007 6,415
Long-term obligations under capital leases (Note 15) ......................... 1,192 1,106
Other liabilities and deferred credits:
Mileage Plus deferred revenue......................................... 2,768 2,569
Postretirement benefit liability (Note 9) ................................. 1,812 1,829
Advanced purchase of miles (Note 17) .................................. 1,087 —
Deferred income taxes ............................................... 799 638
Other............................................................ 980 895
7,446 5,931
Commitments and contingent liabilities (Note 14)
Mandatorily convertible preferred securities (Note 5)......................... — 371
Stockholders’ equity (deficit):
Preferred stock (Note 5) ............................................. — —
Common stock at par, $0.01 par value; authorized 1,000,000,000 shares;
outstanding 140,037,928 and 116,921,049 shares at December 31, 2008 and
2007, respectively (Note 5) .......................................... 1 1
Additional capital invested............................................ 2,666 2,139
Retained earnings (deficit)............................................ (5,199) 152
Stock held in treasury, at cost (Note 5) .................................. (26) (15)
Accumulated other comprehensive income (Note 11) ....................... 93 141
(2,465) 2,418
$19,461 $24,220
See accompanying Combined Notes to Consolidated Financial Statements.
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