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Financial Information for Subsidiary Guarantors and Non-guarantor Subsidiaries (Tables)
3 Months Ended
Mar. 31, 2014
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Condensed Consolidating Statement of Operations
 
 
Three Months Ended March 31, 2014
 
 
American Airlines Group (Parent Company Only)
 
American
 
US Airways Group (Parent Company Only)
 
US Airways
 
Non-Guarantor Subsidiaries
 
Eliminations and Reclassifications
 
American Airlines Group Inc. Consolidated
Operating revenues
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Mainline passenger
 
$

 
$
4,906

 
$

 
$
2,352

 
$

 
$

 
$
7,258

Regional passenger
 

 
669

 

 
738

 

 

 
1,407

Cargo
 

 
168

 

 
38

 

 

 
206

Other
 

 
726

 

 
418

 
744

 
(764
)
 
1,124

Total operating revenues
 

 
6,469

 

 
3,546

 
744

 
(764
)
 
9,995

Operating expenses
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Aircraft fuel and related taxes
 

 
1,871

 

 
840

 

 

 
2,711

Salaries, wages and benefits
 

 
1,398

 

 
719

 
197

 
(195
)
 
2,119

Regional expenses
 

 
758

 

 
828

 

 
8

 
1,594

Maintenance, materials and repairs
 

 
332

 

 
153

 
85

 
(85
)
 
485

Other rent and landing fees
 

 
285

 

 
139

 
7

 
(7
)
 
424

Aircraft rent
 

 
216

 

 
104

 
21

 
(21
)
 
320

Selling expenses
 

 
284

 

 
117

 

 

 
401

Depreciation and amortization
 

 
214

 

 
95

 
10

 
(12
)
 
307

Special items, net
 
24

 
(216
)
 

 
55

 
3

 
(3
)
 
(137
)
Other
 
2

 
749

 

 
308

 
431

 
(449
)
 
1,041

Total operating expenses
 
26

 
5,891

 

 
3,358

 
754

 
(764
)
 
9,265

Operating income (loss)
 
(26
)
 
578

 

 
188

 
(10
)
 

 
730

Nonoperating income (expense)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Interest income
 
2

 
7

 

 
1

 
1

 
(4
)
 
7

Interest expense, net
 
(4
)
 
(168
)
 
(10
)
 
(65
)
 

 
4

 
(243
)
Equity in earnings of subsidiaries
 
453

 

 
118

 

 

 
(571
)
 

Other, net
 

 
(5
)
 
(56
)
 
3

 
1

 
56

 
(1
)
Total nonoperating income (expense), net
 
451

 
(166
)
 
52

 
(61
)
 
2

 
(515
)
 
(237
)
Income (loss) before income taxes
 
425

 
412

 
52

 
127

 
(8
)
 
(515
)

493

Income tax provision
 
1

 
11

 

 
1

 

 

 
13

Net income (loss)
 
$
424

 
$
401

 
$
52

 
$
126

 
$
(8
)
 
$
(515
)
 
$
480

Condensed Consolidating Statement of Comprehensive Income
 
 
Three Months Ended March 31, 2014
 
 
American Airlines Group (Parent Company Only)
 
American
 
US Airways Group (Parent Company Only)
 
US Airways
 
Non-Guarantor Subsidiaries
 
Eliminations and Reclassifications
 
American Airlines Group Inc. Consolidated
Net income (loss)
 
$
424

 
$
401

 
$
52

 
$
126

 
$
(8
)
 
$
(515
)
 
$
480

Other comprehensive loss before tax:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Defined benefit pension plans and retiree medical:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Amortization of actuarial gain and prior service cost
 

 
(44
)
 

 
(1
)
 

 

 
(45
)
Derivative financial instruments:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Change in fair value
 

 
(67
)
 

 

 

 

 
(67
)
Reclassification into earnings
 

 
7

 

 

 

 

 
7

Unrealized gain (loss) on investments:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net change in value
 

 
2

 

 

 

 

 
2

Other comprehensive loss before tax
 

 
(102
)



(1
)





(103
)
Non-cash tax provision
 

 

 

 

 

 

 

Comprehensive income (loss)
 
$
424

 
$
299

 
$
52

 
$
125

 
$
(8
)
 
$
(515
)
 
$
377


Condensed Consolidating Balance Sheet
 
 
March 31, 2014
 
 
American Airlines Group (Parent Company Only)
 
American
 
US Airways Group (Parent Company Only)
 
US Airways
 
Non-Guarantor Subsidiaries
 
Eliminations and Reclassifications
 
American Airlines Group Inc. Consolidated
ASSETS
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Current assets
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cash
 
$
1

 
$
983

 
$
1

 
$
269

 
$
5

 
$

 
$
1,259

Short-term investments
 

 
4,979

 

 
3,423

 
3

 

 
8,405

Restricted cash and short-term investments
 

 
699

 

 
248

 

 

 
947

Accounts receivable, net
 
(7
)
 
1,521

 

 
473

 
21

 

 
2,008

Receivables from related parties,net
 
2,474

 

 
155

 
444

 
499

 
(3,572
)
 

Aircraft fuel, spare parts and supplies, net
 

 
664

 

 
330

 
58

 

 
1,052

Prepaid expenses and other
 

 
606

 

 
989

 
22

 
(95
)
 
1,522

Total current assets
 
2,468

 
9,452

 
156

 
6,176

 
608

 
(3,667
)
 
15,193

Operating property and equipment
 

 
13,928

 

 
5,736

 
280

 

 
19,944

Other assets
 
 
 
 
 
 
 
 
 
 
 
 
 


Investment in subsidiaries
 

 

 
5,461

 

 

 
(5,461
)
 

Goodwill
 

 

 

 
4,089

 

 

 
4,089

Intangibles, net of accumulated amortization
 

 
844

 

 
1,475

 

 

 
2,319

Other assets
 
42

 
2,016

 

 
136

 
32

 
(34
)
 
2,192

Total other assets
 
42

 
2,860

 
5,461

 
5,700

 
32

 
(5,495
)
 
8,600

Total assets
 
$
2,510

 
$
26,240

 
$
5,617

 
$
17,612

 
$
920

 
$
(9,162
)
 
$
43,737

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
LIABILITIES & STOCKHOLDERS’ EQUITY (DEFICIT)
Current liabilities
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Current maturities of long-term debt and capital leases
 
$

 
$
951

 
$
22

 
$
468

 
$

 
$

 
$
1,441

Accounts payable
 

 
1,230

 

 
374

 
42

 

 
1,646

Payables to related parties, net
 

 
2,843

 
421

 
84

 
224

 
(3,572
)
 

Air traffic liability
 

 
3,808

 

 
1,878

 

 

 
5,686

Frequent flyer liability
 

 
1,761

 

 
1,190

 

 

 
2,951

Other accrued liabilities
 
(12
)
 
1,972

 
168

 
1,076

 
151

 

 
3,355

Total current liabilities
 
(12
)
 
12,565

 
611

 
5,070

 
417

 
(3,572
)
 
15,079

Noncurrent liabilities
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Long-term debt and capital leases, net of current maturities
 
7

 
9,590

 
523

 
5,158

 

 
(34
)
 
15,244

Pensions and postretirement benefits
 

 
5,631

 

 
108

 
27

 

 
5,766

Mandatorily convertible preferred stock and other bankruptcy settlement obligations
 
74

 
2,242

 

 

 
6

 

 
2,322

Negative investment in subsidiaries
 
1,345

 

 

 

 

 
(1,345
)
 

Other liabilities
 
1

 
2,453

 

 
1,861

 
272

 
(356
)
 
4,231

Total noncurrent liabilities
 
1,427

 
19,916

 
523

 
7,127

 
305

 
(1,735
)
 
27,563

Stockholders’ equity (deficit)
 
 
 
 
 
 
 
 
 
 
 
 
 


Common stock
 
6

 

 

 

 

 

 
6

Additional paid-in capital
 
14,040

 
8,481

 
4,629

 
5,468

 
192

 
(18,770
)
 
14,040

Accumulated other comprehensive income (loss)
 
(2,135
)
 
(2,254
)
 
11

 
11

 

 
2,232

 
(2,135
)
Retained earnings (deficit)
 
(10,816
)
 
(12,468
)
 
(157
)
 
(64
)
 
6

 
12,683

 
(10,816
)
Total stockholders’ equity (deficit)
 
1,095

 
(6,241
)
 
4,483

 
5,415

 
198

 
(3,855
)
 
1,095

Total liabilities and stockholders’ equity (deficit)
 
$
2,510

 
$
26,240

 
$
5,617

 
$
17,612

 
$
920

 
$
(9,162
)
 
$
43,737

AMERICAN AIRLINES GROUP INC.
CONDENSED CONSOLIDATING BALANCE SHEET
(In millions)(unaudited)
 
 
December 31, 2013
 
 
American Airlines Group (Parent Company Only)
 
American
 
US Airways Group (Parent Company Only)
 
US Airways
 
Non-Guarantor Subsidiaries
 
Eliminations and Reclassifications
 
American Airlines Group Inc. Consolidated
ASSETS
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Current assets
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cash
 
$
1

 
$
829

 
$
1

 
$
303

 
$
6

 
$

 
$
1,140

Short-term investments
 

 
5,162

 

 
2,947

 
2

 

 
8,111

Restricted cash and short-term investments
 

 
702

 

 
333

 

 

 
1,035

Accounts receivable, net
 

 
1,186

 

 
357

 
17

 

 
1,560

Receivables from related parties, net
 
2,468

 

 
144

 
407

 
459

 
(3,478
)
 

Aircraft fuel, spare parts and supplies, net
 

 
620

 

 
296

 
96

 

 
1,012

Prepaid expenses and other
 

 
702

 

 
857

 
20

 
(114
)
 
1,465

Total current assets
 
2,469

 
9,201

 
145

 
5,500

 
600

 
(3,592
)
 
14,323

Operating property and equipment
 

 
13,469

 

 
5,506

 
284

 

 
19,259

Other assets
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Investment in subsidiaries
 

 

 
5,317

 

 

 
(5,317
)
 

Goodwill
 

 

 

 
4,086

 

 

 
4,086

Intangibles, net of accumulated amortization
 

 
812

 

 
1,496

 
3

 

 
2,311

Other assets
 
42

 
2,130

 

 
131

 
30

 
(34
)
 
2,299

Total other assets
 
42

 
2,942

 
5,317

 
5,713

 
33

 
(5,351
)
 
8,696

Total assets
 
$
2,511

 
$
25,612

 
$
5,462

 
$
16,719

 
$
917

 
$
(8,943
)
 
$
42,278

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
LIABILITIES & STOCKHOLDERS’ EQUITY (DEFICIT)
Current liabilities
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Current maturities of long-term debt and capital leases
 
$

 
$
957

 
$
22

 
$
467

 
$

 
$

 
$
1,446

Accounts payable
 

 
1,013

 

 
304

 
51

 

 
1,368

Payables to related parties, net
 

 
2,807

 
408

 
50

 
213

 
(3,478
)
 

Air traffic liability
 

 
3,145

 

 
1,235

 

 

 
4,380

Frequent flyer liability
 

 
1,760

 

 
1,245

 

 

 
3,005

Other accrued liabilities
 
(9
)
 
2,237

 
103

 
1,137

 
139

 

 
3,607

Total current liabilities
 
(9
)
 
11,919

 
533

 
4,438

 
403

 
(3,478
)
 
13,806

Noncurrent liabilities
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Long-term debt and capital leases, net of current maturities
 
7

 
9,852

 
523

 
5,005

 

 
(34
)
 
15,353

Pensions and postretirement benefits
 

 
5,693

 

 
109

 
26

 

 
5,828

Mandatorily convertible preferred stock and other bankruptcy settlement obligations
 
435

 
5,424

 

 

 
69

 

 
5,928

Negative investment in subsidiaries
 
4,808

 

 

 

 

 
(4,808
)
 

Other liabilities
 
1

 
2,384

 

 
1,905

 
277

 
(473
)
 
4,094

Total noncurrent liabilities
 
5,251

 
23,353

 
523

 
7,019

 
372

 
(5,315
)
 
31,203

Stockholders’ equity (deficit)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Common stock
 
5

 

 

 

 

 

 
5

Additional paid-in capital
 
10,592

 
5,361

 
4,602

 
5,441

 
126

 
(15,530
)
 
10,592

Accumulated other comprehensive income (loss)
 
(2,032
)
 
(2,152
)
 
12

 
12

 

 
2,128

 
(2,032
)
Retained earnings (deficit)
 
(11,296
)
 
(12,869
)
 
(208
)
 
(191
)
 
16

 
13,252

 
(11,296
)
Total stockholders’ equity (deficit)
 
(2,731
)
 
(9,660
)
 
4,406

 
5,262

 
142

 
(150
)
 
(2,731
)
Total liabilities and stockholders’ equity (deficit)
 
$
2,511

 
$
25,612

 
$
5,462

 
$
16,719

 
$
917

 
$
(8,943
)
 
$
42,278