American Airlines 2008 Annual Report Download - page 30

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27
ITEM 6. SELECTED CONSOLIDATED FINANCIAL DATA
(in millions, except per share amounts)
2008 2,5
2007 4
2006 1
2005 1, 6
2004 1, 6
Total operating revenues
$ 23,766
$ 22,935
$ 22,563
$ 20,712
$ 18,645
Operating income (loss)
(1,889)
965
1,060
(89)
(134)
Net income (loss)
(2,071)
504
231
(857)
(751)
Net income (loss) per share:
Basic
(7.98)
2.06
1.13
(5.18)
(4.68)
Diluted
(7.98)
1.78
0.98
(5.18)
(4.68)
Total assets
25,175
28,571
29,145
29,495
28,773
Long-term debt, less current
maturities
8,419
9,413
11,217
12,530
12,436
Obligations under capital
leases, less current
obligations
582
680
824
926
1,088
Obligation for pension and
postretirement benefits
6,614
3,620
5,341
4,998
4,743
Stockholders’ equity (deficit) 3
(2,935)
2,657
(606)
(1,430)
(537)
1 Includes the impact of adopting FSP AUG AIR-1 “Accounting for Planned Major Maintenance Activities”.
2 Includes restructuring charges. In 2008, these restructuring charges consisted of $1.2 billion primarily related to aircraft and employee
charges due to announced capacity reductions (for further discussion of these items, see Note 2 to the consolidated financial
statements).
3 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 retiree medical and other benefits
and a corresponding increase in stockholders’ equity in 2007. As a result of a significant decline in market value in 2008, the
Company recorded a $3.0 billion increase in pension and retiree medical and other benefits and a similar decrease in stockholders’
equity in 2008. In 2008, the Company incurred $103 million in expense due to a pension settlement (for further discussion, see Note
10 to the consolidated financial statements).
4 Includes the impact of the $138 million gain on the sale of ARINC as described in Note 3 to the consolidated financial statements.
5 Includes the impact of the $432 million gain on the sale of American Beacon Advisors as described in Note 14 to the consolidated
financial statements.
6 Includes the impact of adopting Statement of Financial Accounting Standards No. 123(R), “Share-Based Payment”.
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.