American Airlines 2004 Annual Report Download - page 48

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45
AMR CORPORATION
CONSOLIDATED BALANCE SHEETS
(in millions, except shares and par value)
December 31,
2004 2003
Liabilities and Stockholders' Equity (Deficit)
Current Liabilities
Accounts payable $ 1,003 $ 967
Accrued salaries and wages 547 528
Accrued liabilities 1,479 1,461
Air traffic liability 3,183 2,799
Current maturities of long-term debt 659 603
Current obligations under capital leases 147 201
Total current liabilities 7,018 6,559
Long-Term Debt, Less Current Maturities 12,436 11,901
Obligations Under Capital Leases,
Less Current Obligations 1,088 1,225
Other Liabilities and Credits
Deferred gains 470 520
Pension and postretirement benefits 4,743 4,803
Other liabilities and deferred credits 3,599 4,276
8,812 9,599
Commitments and Contingencies
Stockholders' Equity (Deficit)
Preferred stock - 20,000,000 shares authorized; None issued - -
Common stock - $1 par value; 750,000,000 shares authorized;
182,350,259 shares issued 182 182
Additional paid-in capital 2,521 2,605
Treasury shares at cost: 2004 – 21,194,312; 2003 – 22,768,027 (1,308) (1,405)
Accumulated other comprehensive loss (664) (785)
Accumulated deficit (1,312) (551)
(581) 46
Total Liabilities and Stockholders' Equity (Deficit) $ 28,773 $ 29,330
The accompanying notes are an integral part of these financial statements.