United Airlines 2009 Annual Report Download - page 87
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Table of Contents
United Air Lines, Inc. and Subsidiary Companies
Statements of Consolidated Stockholder’s Equity (Deficit)
(In millions)
Common
Stock
Additional
Capital
Invested
Retained
Earnings
(Deficit)
Accumulated
Other
Comprehensive
Income (Loss) Total
Balance at December 31, 2006 $ — $ 2,380 $ 5 $ 82 $ 2,467
Net income — — 359 — 359
Other comprehensive income, net:
Unrealized gains on financial instruments, net — — — 5 5
Pension and other postretirement plans (Note 8)
Net gain arising during period, net $63 of tax — — — 102 102
Less: amortization of prior period gains, net — — — (8) (8)
Total pension and other postretirement plans — — — 94 94
Total comprehensive income, net — — 359 99 458
Preferred stock dividends (Note 4) — — (10) — (10)
Adoption of ASC 740 update — 2 — — 2
Tax adjustment on ASC 715 update (Note 10) — — — (40) (40)
MPI Note forgiveness (Note 17) — (213) — — (213)
Share-based compensation — 49 — — 49
Proceeds from exercise of stock options — 35 — — 35
Balance at December 31, 2007 — 2,253 354 141 2,748
Net loss — — (5,354) — (5,354)
Other comprehensive income (loss):
Unrealized losses on financial instruments — — — (37) (37)
Pension and other postretirement plans (Note 8)
Net gain (loss) arising during period — — — 8 8
Less: amortization of prior period gains — — — (19) (19)
Total pension and other postretirement plans — — — (11) (11)
Total comprehensive loss, net — — (5,354) (48) (5,402)
Dividend to parent — — (257) — (257)
Preferred stock dividends (Note 4) — — (3) — (3)
Conversion of preferred stock — 374 — — 374
Capital contributions from parent (Note 17) — 173 — — 173
Share-based compensation — 31 — — 31
Balance at December 31, 2008 — 2,831 (5,260) 93 (2,336)
Net loss — (628) — (628)
Other comprehensive income (loss):
Unrealized gains on financial instruments — — — 15 15
Pension and other postretirement plans (Note 8)
Net gain (loss) arising during period — — (64) (64)
Less: amortization of prior period gains — — — (9) (9)
Total pension and other postretirement plans — — — (73) (73)
Total comprehensive loss, net — — (628) (58) (686)
Capital contributions from parent (Note 17) — 559 — — 559
Share-based compensation — 11 — — 11
Balance at December 31, 2009 $ — $ 3,401 $ (5,888) $ 35 $ (2,452)
See accompanying Combined Notes to Consolidated Financial Statements.
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