Alaska Airlines and Horizon Air 2007 Annual Report Download - page 186

Download and view the complete annual report

Please find page 186 of the 2007 Alaska Airlines and Horizon Air annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 216

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126
  • 127
  • 128
  • 129
  • 130
  • 131
  • 132
  • 133
  • 134
  • 135
  • 136
  • 137
  • 138
  • 139
  • 140
  • 141
  • 142
  • 143
  • 144
  • 145
  • 146
  • 147
  • 148
  • 149
  • 150
  • 151
  • 152
  • 153
  • 154
  • 155
  • 156
  • 157
  • 158
  • 159
  • 160
  • 161
  • 162
  • 163
  • 164
  • 165
  • 166
  • 167
  • 168
  • 169
  • 170
  • 171
  • 172
  • 173
  • 174
  • 175
  • 176
  • 177
  • 178
  • 179
  • 180
  • 181
  • 182
  • 183
  • 184
  • 185
  • 186
  • 187
  • 188
  • 189
  • 190
  • 191
  • 192
  • 193
  • 194
  • 195
  • 196
  • 197
  • 198
  • 199
  • 200
  • 201
  • 202
  • 203
  • 204
  • 205
  • 206
  • 207
  • 208
  • 209
  • 210
  • 211
  • 212
  • 213
  • 214
  • 215
  • 216

EPS calculations were as follows (in millions except per-share amounts):
2007 2006 2005
Basic Earnings (Loss) Per Share
Income (loss) before accounting change ...................... $ 125.0 $ (52.6) $ 84.5
Weighted-average shares outstanding ........................ 40.125 37.939 27.609
EPS before accounting change .......................... $ 3.12 $ (1.39) $ 3.06
Cumulative effect of accounting change, net of tax .............. $—$ $ (90.4)
Weighted-average shares outstanding ........................ 40.125 37.939 27.609
Per share cumulative effect of accounting change ............... $—$ $ (3.27)
Net income (loss) ........................................ $ 125.0 $ (52.6) $ (5.9)
Weighted-average shares outstanding ........................ 40.125 37.939 27.609
EPS ............................................... $ 3.12 $ (1.39) $ (0.21)
Diluted Earnings (Loss) Per Share
Income (loss) before accounting change ...................... $ 125.0 $ (52.6) $ 84.5
Interest on convertible notes, net of tax ....................... NA NA 5.5
Diluted income (loss) before accounting change ................ $ 125.0 $ (52.6) $ 90.0
Weighted-average shares outstanding ........................ 40.424 37.939 33.917
Diluted EPS before accounting change .................... $ 3.09 $ (1.39) $ 2.65
Cumulative effect of accounting change, net of tax .............. $—$ $ (90.4)
Weighted-average shares outstanding ........................ 40.424 37.939 33.917
Per share cumulative effect of accounting change ........... $—$ $ (2.66)
Net income (loss) ........................................ $ 125.0 $ (52.6) $ (5.9)
Interest on convertible notes, net of tax ....................... NA NA 5.5
Diluted income (loss) ..................................... $ 125.0 $ (52.6) $ (0.4)
Weighted average shares outstanding ........................ 40.424 37.939 33.917
Diluted EPS ......................................... $ 3.09 $ (1.39) $ (0.01)
86