American Airlines 2000 Annual Report Download - page 16

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14
CONSOLIDAT ED STAT EM ENT S OF OPERAT I ONS
Year Ended December 31,
(in millions, except per share amounts) 200 0 1999 1998
Reven ues
Passenger – American Airlines, Inc. $1 6,37 7 $ 14,707 $ 14,695
– AMR Eagle 1 ,452 1,294 1,121
Cargo 721 643 656
Other revenues 1 ,1 53 1,086 1,044
Total operating revenues 1 9,70 3 17,730 17,516
Ex p enses
Wages, salaries and benefits 6,78 3 6,120 5,793
Aircraft fuel 2,49 5 1,696 1,604
Depreciation and amortization 1 ,202 1,092 1,040
Maintenance, materials and repairs 1 ,095 1,003 935
Commissions to agents 1 ,037 1,162 1,226
Other rentals and landing fees 999 942 839
Food service 777 740 675
Aircraft rentals 607 630 569
Other operating expenses 3,32 7 3,189 2,847
Total operating expenses 1 8,32 2 16,574 15,528
Oper atin g Incom e 1 ,381 1,156 1,988
Other In come (Ex p en se)
Interest income 1 54 95 133
Interest expense (467) (393) (372)
Interest capitalized 1 51 118 104
Miscellaneous – net 68 30 (20)
(94) (150) (155)
In come Fr om Con tinuin g Oper ation s Befor e In come Taxes
and Ex tr aor dinary Loss 1 ,287 1,006 1,833
Income tax provision 508 350 719
In come Fr om Con tinuin g Oper ation s Befor e Ex traor dinary Loss 779 656 1,114
In come Fr om Discon tin ued Oper ation s, Net of Applicable
In come Taxes and Minor ity In ter est 43 265 200
Gain on Sale of Discon tin ued Operations, Net of Applicable
In come Taxes –64 –
In come Befor e Ex traor dinary Loss 822 985 1,314
Ex traor dinary Loss, Net of Applicable In come Taxes (9) ––
Net Ear n ings $81 3 $ 985 $ 1,314
Ear n ings Per Shar e:
Basic
Income from continuing operations $5.20 $4.30 $ 6.60
Discontinued operations 0.30 2.16 1.18
Extraordinary loss (0.07) ––
Net earnings $5.43 $6.46 $ 7.78
Diluted
Income from continuing operations $4.81 $4.17 $ 6.38
Discontinued operations 0.27 2.09 1.14
Extraordinary loss (0.05) ––
Net earnings $5.03 $6.26 $ 7.52
The accompanying notes are an integral part of these financial statements.