American Airlines 2005 Annual Report Download - page 28

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25
ITEM 6. SELECTED CONSOLIDATED FINANCIAL DATA
(in millions, except per share amounts)
2005
1 2004
1 2003
2 2002
2,3 2001
2,4
Total operating revenues $ 20,712 $ 18,645 $ 17,440 $ 17,420 $ 18,969
Operating loss (93) (144) (844) (3,330) (2,470)
Loss before cumulative effect
of accounting change
(861)
(761)
(1,228)
(2,523)
(1,762)
Net loss (861) (761) (1,228) (3,511) (1,762)
Loss per share before
cumulative effect of
accounting change:
Basic and Diluted
(5.21)
(4.74)
(7.76)
(16.22)
(11.43)
Net loss per share:
Basic and Diluted
(5.21)
(4.74)
(7.76)
(22.57)
(11.43)
Total assets 29,495 28,773 29,330 30,267 32,841
Long-term debt, less current
maturities
12,530
12,436
11,901
10,888
8,310
Obligations under capital
leases, less current
obligations
926
1,088
1,225
1,422
1,524
Obligation for pension and
postretirement benefits
4,998
4,743
4,803
4,730
3,201
Stockholders’ equity (deficit) 5 (1,478) (581) 46 957 5,373
1 Includes restructuring charges. For a further discussion of these items, see Item 7, Management’s Discussion and Analysis and Note 2
to the consolidated financial statements.
2 Includes restructuring charges and U.S. government grant. For a further discussion of the U.S. government grant, 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 was reflected as a cumulative effect of accounting change in 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 For the year ended 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. The Company recorded an additional charge resulting in a debit to
stockholders’ equity (deficit) of $379 million for the year ended December 31, 2005.
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.