American Airlines 2004 Annual Report Download - page 22

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19
ITEM 6. SELECTED CONSOLIDATED FINANCIAL DATA
(in millions, except per share amounts)
2004 12003 22002 2,3 2001 2,4 2000
Total operating revenues $ 18,645 $ 17,440 $ 17,420 $ 18,969 $ 19,703
Operating income (loss) (144) (844) (3,330) (2,470) 1,381
Income (loss) from continuing
operations before cumulative
effect of accounting change (761) (1,228) (2,523) (1,762) 770
Net earnings (loss) (761) (1,228) (3,511) (1,762) 813
Earnings (loss) per share from
continuing operations before
cumulative effect of
accounting change:
Basic
Diluted
(4.74)
(4.74)
(7.76)
(7.76)
(16.22)
(16.22)
(11.43)
(11.43)
5.13
4.76
Net earnings (loss) per share:
Basic
Diluted
(4.74)
(4.74)
(7.76)
(7.76)
(22.57)
(22.57)
(11.43)
(11.43)
5.43
5.03
Total assets 28,773 29,330 30,267 32,841 26,213
Long-term debt, less current
maturities 12,436 11,901 10,888 8,310 4,151
Obligations under capital
leases, less current
obligations 1,088 1,225 1,422 1,524 1,323
Obligation for pension and
postretirement benefits 4,743 4,803 4,730 3,201 1,952
Stockholders’ equity (deficit) 5(581) 46 957 5,373 7,176
1 Includes special charges. For a further discussion of these items, see Note 2 to the consolidated financial statements.
2 Includes special charges and U.S. government grant. For a further discussion of these items for fiscal years ended December 31,
2002 and 2003, see Note 2 to the consolidated financial statements.
3 Includes a one-time, non-cash charge, effective January 1, 2002, of $988 million, net of tax, to write-off all of AMR’s goodwill. This
charge resulted from the adoption of Statement of Financial Accounting Standards Board No. 142, “Goodwill and Other Intangible
Assets” and is reflected as a cumulative effect of accounting change in the consolidated financial statements. For a further discussion
of this item, see Note 11 to the consolidated financial statements.
4 On April 9, 2001, American (through TWA LLC) purchased substantially all of the assets and assumed certain liabilities of Trans World
Airlines, Inc. Accordingly, the 2001 financial information above includes the operating results of TWA LLC since the date of
acquisition.
5 As of December 31, 2002, the Company recorded an additional minimum pension liability adjustment resulting in an after tax charge to
stockholders’ equity (deficit) of approximately $1.0 billion. The Company recorded a reduction to the additional minimum pension
liability resulting in a credit to stockholders equity (deficit) of approximately $337 million for the year ended December 31, 2003 and
$129 million for the year ended December 31, 2004.
No cash dividends were declared on AMR’s common shares during any of the periods above.
Information on the comparability of results is included in Item 7, Management's Discussion and Analysis and the
notes to the consolidated financial statements.