American Airlines 1999 Annual Report Download - page 42

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AMR CORPORATION
41
December 31,
(in millions, except shares and par value) 1999 1998
LI ABILITIES AND STOCKHOLDERS’ EQUI TY
Current Liabilities
Accounts payable $1,115 $ 1,047
Accrued salaries and wages 849 917
Accrued liabilities 1,107 973
Air traffic liability 2,255 2,163
Current maturities of long-term debt 302 48
Current obligations under capital leases 236 154
Total current liabilities 5,864 5,302
Long-Term Debt, Less Current M aturities 4,078 2,436
Obligations Under Capital Leases, Less Current Obligations 1,611 1,764
Other Liabilities and Credits
Deferred income taxes 1,846 1,470
Deferred gains 613 573
Postretirement benefits 1,669 1,598
Other liabilities and deferred credits 1,835 1,614
5,963 5,255
Commitments and Contingencies
Stockholders’ Equity
Common stock – $1 par value; shares authorized: 750,000,000;
Shares issued: 1999 and 1998 – 182,278,766 182 182
Additional paid-in capital 3,061 3,075
Treasury shares at cost: 1999 – 34,034,110; 1998 – 20,927,692 (2,101) (1,288)
Accumulated other comprehensive income (2) (4)
Retained earnings 5,718 4,733
6,858 6,698
Total Liabilities and Stockholders’ Equity $24,374 $21,455