Delta Airlines 2005 Annual Report Download - page 66

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Table of Contents
Delta Air Lines, Inc.
Debtor and Debtor-In-Possession
Consolidated Balance Sheets
December 31, 2005 and 2004
LIABILITIES AND SHAREOWNERS' DEFICIT
(in millions, except share data) 2005 2004
CURRENT LIABILITIES:
Current maturities of long-term debt and capital leases $ 1,186 $ 893
Accounts payable, deferred credits and other accrued liabilities 1,407 1,560
Air traffic liability 1,712 1,567
Taxes payable 525 499
Accrued salaries and related benefits 435 1,151
Accrued rent — 271
Total current liabilities 5,265 5,941
NONCURRENT LIABILITIES:
Long-term debt and capital leases 6,557 12,507
Long-term debt issued by Massachusetts Port Authority — 498
Postretirement benefits — 1,771
Accrued rent — 633
Pension and related benefits — 5,099
Other 299 340
Total noncurrent liabilities 6,856 20,848
DEFERRED CREDITS:
Deferred gains on sale and leaseback transactions — 376
Deferred revenue and other credits 186 155
Total deferred credits 186 531
LIABILITIES SUBJECT TO COMPROMISE (Note 1) 17,380 —
COMMITMENTS AND CONTINGENCIES (Notes 1, 2, 5, 8, 9 and 10)
EMPLOYEE STOCK OWNERSHIP PLAN
PREFERRED STOCK:
Series B ESOP Convertible Preferred Stock, $1.00 par value, $72.00 stated and liquidation
value; 4,667,568 and 5,417,735 shares issued and outstanding at December 31, 2005 and 2004,
respectively 336 390
Unearned compensation under employee stock ownership plan (89) (113)
Total Employee Stock Ownership Plan Preferred Stock 247 277
SHAREOWNERS' DEFICIT:
Common stock:
$0.01 par value, 900,000,000 shares authorized, 202,081,648 shares issued at December 31,
2005; and $1.50 par value, 450,000,000 shares authorized, 190,745,445 shares issued at
December 31, 2004
2
286
Additional paid-in capital 1,635 3,052
Accumulated deficit (8,209) (4,373)
Accumulated other comprehensive loss (2,722) (2,358)
Treasury stock at cost, 12,738,630 shares at December 31, 2005, and 50,915,002 shares at December 31, 2004 (601) (2,403)
Total shareowners' deficit (9,895) (5,796)
Total liabilities and shareowners' deficit $20,039 $21,801
The accompanying notes are an integral part of these Consolidated Financial Statements.
F-4