American Airlines 2003 Annual Report Download - page 45

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43
AMR CORPORATION
CONSOLIDATED STATEMENTS OF OPERATIONS
(in millions, except per share amounts)
Year Ended December 31,
2003 2002 2001
Revenues
Passenger - American Airlines $ 14,332 $ 14,440 $ 15,780
- Regional Affiliates 1,519 1,431 1,428
Cargo 558 561 662
Other revenues 1,031 988 1,099
Total operating revenues 17,440 17,420 18,969
Expenses
Wages, salaries and benefits 7,264 8,392 8,032
Aircraft fuel 2,772 2,562 2,888
Depreciation and amortization 1,377 1,366 1,404
Other rentals and landing fees 1,173 1,198 1,197
Commissions, booking fees and credit card expense 1,063 1,163 1,540
Maintenance, materials and repairs 860 1,108 1,165
Aircraft rentals 687 840 829
Food service 611 698 778
Other operating expenses 2,428 2,715 2,996
Special charges 407 718 1,466
U.S. government grant (358) (10) (856)
Total operating expenses 18,284 20,750 21,439
Operating Loss (844) (3,330) (2,470)
Other Income (Expense)
Interest income 55 71 110
Interest expense (703) (685) (538)
Interest capitalized 71 86 144
Miscellaneous – net 113 (2) (2)
(464) (530) (286)
Loss Before Income Taxes and Cumulative Effect of
Accounting Change (1,308) (3,860) (2,756)
Income tax benefit (80) (1,337) (994)
Loss Before Cumulative Effect of Accounting
Change (1,228) (2,523) (1,762)
Cumulative Effect of Accounting Change, Net of
Applicable Income Taxes - (988) -
Net Loss $ (1,228) $ (3,511) $ (1,762)
Loss Per Share:
Basic and Diluted
Loss before cumulative effect of accounting change $ (7.76) $ (16.22) $ (11.43)
Cumulative effect of accounting change - (6.35) -
Net loss $ (7.76) $ (22.57) $ (11.43)
The accompanying notes are an integral part of these financial statements.