American Airlines 1999 Annual Report Download - page 41

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40
CONSOLIDATED BALANCE SHEETS
December 31,
(in millions) 1999 1998
ASSETS
Current Assets
Cash $ 85 $ 87
Short-term investments 1,706 1,448
Receivables, less allowance for uncollectible accounts (1999 – $57; 1998 – $19) 1,134 1,225
Inventories, less allowance for obsolescence (1999 – $279; 1998 – $214) 708 596
Deferred income taxes 612 443
Other current assets 179 170
Total current assets 4,424 3,969
Equipment and Property
Flight equipment, at cost 16,912 13,688
Less accumulated depreciation 5,589 4,976
11,323 8,712
Purchase deposits for flight equipment 1,582 1,624
Other equipment and property, at cost 3,247 2,999
Less accumulated depreciation 1,814 1,669
1,433 1,330
14,338 11,666
Equipment and Property Under Capital Leases
Flight equipment 3,141 3,159
Other equipment and property 155 146
3,296 3,305
Less accumulated amortization 1,347 1,230
1,949 2,075
Other Assets
Route acquisition costs, less accumulated amortization (1999 – $269; 1998 – $240) 887 916
Airport operating and gate lease rights, less accumulated amortization (1999 – $181; 1998 – $161) 304 312
Prepaid pension cost 257 304
Other 2,215 2,213
3,663 3,745
Total Assets $24,374 $21,455
The accompanying notes are an integral part of these financial statements.