American Airlines 2006 Annual Report Download - page 31

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27
ITEM 6. SELECTED CONSOLIDATED FINANCIAL DATA
(in millions, except per share amounts)
2006
1,2
2005
1,3
2004
1,3
2003
1,4
2002
1,4,5
Total operating revenues
$ 22,563 $ 20,712 $ 18,645 $ 17,440 $ 17,420
Operating income (loss) 1,060 (89) (134) (843) (3,331)
Income (loss) before
cumulative effect of
accounting change
231
(857)
(751)
(1,227)
(2,524)
Net income (loss) 231 (857) (751) (1,227) (3,512)
Loss per share before
cumulative effect of
accounting change:
Basic
1.13
(5.18)
(4.68)
(7.75)
(16.22)
Diluted 0.98 (5.18) (4.68) (7.75) (16.22)
Net loss per share:
Basic
1.13
(5.18)
(4.68)
(7.75)
(22.58)
Diluted 0.98 (5.18) (4.68) (7.75) (22.58)
Total assets 29,145 29,495 28,773 29,330 30,267
Long-term debt, less current
maturities
11,217
12,530
12,436
11,901
10,888
Obligations under capital
leases, less current
obligations
824
926
1,088
1,225
1,422
Obligation for pension and
postretirement benefits
5,341
4,998
4,743
4,803
4,730
Stockholders’ equity (deficit)
6
(606) (1,430) (537) 80 990
1 Includes the impact of adopting FSP AUG AIR-1 “Accounting for Planned Major Maintenance Activities” as described in Note 1 to the
consolidated financial statements.
2 Includes the impact of adopting Statement of Financial Accounting Standards No. 123(R), “Share-Based Payment” as described in
Note 9 to the consolidated financial statements.
3 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).
4 Includes restructuring charges and U.S. government grant.
5 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.
6 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. Effective December 31, 2006, the Company
adopted SFAS 158 “Employers’ Accounting for Defined Benefit Pension and Other Postretirement Plans”. This adoption decreased
Stockholders’ equity by $1.0 billion and increased the obligation for pension and other postretirement benefits by $880 million.
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.