American Airlines 2007 Annual Report Download - page 29

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26
ITEM 6. SELECTED CONSOLIDATED FINANCIAL DATA
(in millions, except per share amounts)
2007
2,3,6 2006
1,2 2005
1,3 2004
1,3 2003
1,3,4
Total operating revenues $ 22,935 $ 22,563 $ 20,712 $ 18,645 $ 17,440
Operating income (loss) 965 1,060 (89) (134) (843)
Net income (loss) 504 231 (857) (751) (1,227)
Net income (loss) per share:
Basic
2.06
1.13
(5.18)
(4.68)
(7.75)
Diluted 1.78 0.98 (5.18) (4.68) (7.75)
Total assets 28,571 29,145 29,495 28,773 29,330
Long-term debt, less current
maturities
9,413
11,217
12,530
12,436
11,901
Obligations under capital
leases, less current
obligations
680
824
926
1,088
1,225
Obligation for pension and
postretirement benefits
3,620
5,341
4,998
4,743
4,803
Stockholders’ equity (deficit) 5 2,657 (606) (1,430) (537) 80
1 Includes the impact of adopting FSP AUG AIR-1 “Accounting for Planned Major Maintenance Activities”.
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. In 2003 and 2004, respectively, these restructuring charges consisted of $427 million and $63 million
primarily related to aircraft and employee charges (for further discussion of these items for 2005 and 2007 see Note 2 to the
consolidated financial statements).
4 Includes U.S. government grant of $358 million (net of payments to independent regional affiliates) which reimbursed air carriers for
increased security costs.
5 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. As a result of actuarial changes including the discount rate and the impact of legislation
changing pilot retirement age to 65, the Company recorded a $1.7 billion reduction in pension and other postretirement benefits and a
corresponding increase in stockholders’ equity in 2007.
6 Includes the impact of the $138 million gain on the sale of ARINC as described in Note 3 to the consolidated financial statements.
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.