Alaska Airlines and Horizon Air 2012 Annual Report Download - page 139
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ALASKA AIR GROUP, INC.
CONSOLIDATED BALANCE SHEETS—(continued)
As of December 31 (in millions except share amounts) 2012 2011
LIABILITIES AND SHAREHOLDERS’ EQUITY
Current Liabilities
Accounts payable ................................................... $65$ 104
Accrued aircraft rent ................................................ 18 32
Accrued wages, vacation and payroll taxes ............................... 184 164
Other accrued liabilities .............................................. 539 513
Air traffic liability ................................................... 534 489
Current portion of long-term debt ...................................... 161 208
Total Current Liabilities ............................................. 1,501 1,510
Long-Term Debt, Net of Current Portion ................................. 871 1,099
Other Liabilities and Credits
Deferred income taxes .............................................. 446 363
Deferred revenue ................................................... 443 410
Obligation for pension and postretirement medical benefits .................. 489 463
Other liabilities .................................................... 334 148
1,712 1,384
Commitments and Contingencies
Shareholders’ Equity
Preferred stock, $1 par value Authorized: 5,000,000 shares, none issued or
outstanding ................................................... ——
Common stock, $1 par value Authorized: 100,000,000 shares, Issued:
2012—70,376,543 shares; 2011—75,733,044 shares ................ 70 76
Capital in excess of par value ....................................... 660 802
Treasury stock (common), at cost: 2012—0 shares; 2011—4,783,494
shares ....................................................... —(125)
Accumulated other comprehensive loss ................................. (436) (390)
Retained earnings .................................................. 1,127 811
1,421 1,174
Total Liabilities and Shareholders’ Equity ............................... $5,505 $5,167
See accompanying notes to consolidated financial statements.
51
ŠForm 10-K