American Airlines 2007 Annual Report Download - page 53

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50
AMR CORPORATION
CONSOLIDATED BALANCE SHEETS
(in millions, except shares and par value)
December 31,
2007 2006
Liabilities and Stockholders' Equity (Deficit)
Current Liabilities
Accounts payable $ 1,182 $ 1,073
Accrued salaries and wages 559 551
Accrued liabilities 1,708 1,750
Air traffic liability 3,985 3,782
Current maturities of long-term debt 902 1,246
Current obligations under capital leases 147 103
Total current liabilities 8,483 8,505
Long-Term Debt, Less Current Maturities 9,413 11,217
Obligations Under Capital Leases,
Less Current Obligations
680
824
Other Liabilities and Credits
Deferred gains 320 372
Pension and postretirement benefits 3,620 5,341
Other liabilities and deferred credits 3,398 3,492
7,338 9,205
Commitments and Contingencies
Stockholders' Equity
Preferred stock - 20,000,000 shares authorized; None issued - -
Common stock - $1 par value; 750,000,000 shares authorized;
shares issued: 2007 – 255,338,431; 2006 - 228,164,821
255
228
Additional paid-in capital 3,489 2,718
Treasury shares at cost: 2007 and 2006 - 5,940,399 (367
)
(367)
Accumulated other comprehensive income (loss) 670 (1,291)
Accumulated deficit (1,390) (1,894)
2,657 (606)
Total Liabilities and Stockholders' Equity $ 28,571 $ 29,145
The accompanying notes are an integral part of these financial statements.