American Airlines 1997 Annual Report Download - page 51

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AMR CORPORATION
49
December 31,
(in millions, except shares and par value) 1997 1996
Liabilities and Stockholders’ Equity
Current Liabilities
Accounts payable $1,021 $1,068
Accrued salaries and wages 897 823
Accrued liabilities 1,123 1,232
Air traffic liability 2,044 1,889
Current maturities of long-term debt 397 424
Current obligations under capital leases 135 130
To tal current liabilities 5,617 5,566
Long-Term Debt, Less Current Maturities 2,260 2,752
Obligations Under Capital Leases, Less Current Obligations 1,629 1,790
Other Liabilities and Credits
Deferred income taxes 1,105 743
Deferred gains 610 647
Postretirement benefits 1,579 1,530
Other liabilities and deferred credits 1,899 1,801
5,193 4,721
Commitments and Contingencies
Stockholders’ Equity
Common stock - $1 par value; shares authorized: 150,000,000;
shares issued: 1997 - 91,139,383; 1996 - 90,989,713 91 91
Additional paid-in capital 3,195 3,166
Treasury shares at cost: 1997 - 4,540,416 (485) -
Other (4) (23)
Retained earnings 3,419 2,434
6,216 5,668
Total Liabilities and Stockholders’ Equity $ 20,915 $20,497