Alaska Airlines and Horizon Air 2014 Annual Report Download - page 148
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CONSOLIDATED BALANCE SHEETS - (continued)
As of December 31 (in millions except share amounts) 2014 2013
LIABILITIES AND SHAREHOLDERS’ EQUITY
Current Liabilities
Accounts payable 62 64
Accrued wages, vacation and payroll taxes 232 211
Air traffic liability 631 564
Other accrued liabilities 629 624
Current portion of long-term debt 117 117
Total Current Liabilities 1,671 1,580
Long-Term Debt, Net of Current Portion 686 754
Other Liabilities and Credits
Deferred income taxes 750 709
Deferred revenue 374 335
Obligation for pension and postretirement medical benefits 246 123
Other liabilities 327 308
1,697 1,475
Commitments and Contingencies
Shareholders’ Equity
Preferred stock, $0.01 par value Authorized: 5,000,000 shares, none
issued or outstanding ––
Common stock, $0.01 par value Authorized: 200,000,000 shares, Issued:
2014 - 131,556,573 shares; 2013 - 137,533,382 shares, Outstanding:
2014 - 131,481,473 shares; 2013 - 137,491,906 shares 11
Capital in excess of par value 296 606
Treasury stock (common), at cost: 2014 - 75,100 shares; 2013 - 41,476
shares (4) (2)
Accumulated other comprehensive loss (310) (183)
Retained earnings 2,144 1,607
2,127 2,029
Total Liabilities and Shareholders’ Equity $ 6,181 $ 5,838
See accompanying notes to consolidated financial statements.
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