Exhibit 99.7
SELECTED FINANCIAL DATA
Consolidated Summary of Operations
For the years ended December 31, 2003-1999
(in millions, except share data) | 2003(1) | 2002(2) | 2001(3) | 2000(4) | 1999(5) | ||||||||||||||||
Operating revenues(8) | $ | 14,087 | $ | 13,866 | $ | 13,879 | $ | 16,741 | $ | 14,883 | |||||||||||
Operating expenses(8) | 14,872 | 15,175 | 15,481 | 15,104 | 13,565 | ||||||||||||||||
Operating income (loss) | (785 | ) | (1,309 | ) | (1,602 | ) | 1,637 | 1,318 | |||||||||||||
Interest income (expense), net(6) | (721 | ) | (629 | ) | (410 | ) | (257 | ) | (126 | ) | |||||||||||
Miscellaneous income (expense), net(7) | 326 | 17 | 80 | 328 | 901 | ||||||||||||||||
Gain loss on extinguishment of debt, net | — | (42 | ) | — | — | — | |||||||||||||||
Fair value adjustments of SFAS 133 derivatives | (9 | ) | (39 | ) | 68 | (159 | ) | — | |||||||||||||
Income (loss) before income taxes and cumulative effect of change in accounting principle | (1,189 | ) | (2,002 | ) | (1,864 | ) | 1,549 | 2,093 | |||||||||||||
Income tax benefit (provision) | 416 | 730 | 648 | (621 | ) | (831 | ) | ||||||||||||||
Net income (loss) before cumulative effect of change in accounting principle | (773 | ) | (1,272 | ) | (1,216 | ) | 928 | 1,262 | |||||||||||||
Net income (loss) after cumulative effect of change in accounting principle | (773 | ) | (1,272 | ) | (1,216 | ) | 828 | 1,208 | |||||||||||||
Preferred stock dividends | (17 | ) | (15 | ) | (14 | ) | (13 | ) | (12 | ) | |||||||||||
Net Income (loss) attributable to common shareowners | $ | (790 | ) | $ | (1,287 | ) | $ | (1,230 | ) | $ | 815 | $ | 1,196 | ||||||||
Earnings (loss) per share before cumulative effect of change in accounting principle | |||||||||||||||||||||
Basic | $ | (6.40 | ) | $ | (10.44 | ) | $ | (9.99 | ) | $ | 7.39 | $ | 9.05 | ||||||||
Diluted | $ | (6.40 | ) | $ | (10.44 | ) | $ | (9.99 | ) | $ | 7.05 | $ | 8.52 | ||||||||
Earnings (loss) per share | |||||||||||||||||||||
Basic | $ | (6.40 | ) | $ | (10.44 | ) | $ | (9.99 | ) | $ | 6.58 | $ | 8.66 | ||||||||
Diluted | $ | (6.40 | ) | $ | (10.44 | ) | $ | (9.99 | ) | $ | 6.28 | $ | 8.15 | ||||||||
Dividends declared per common share | $ | 0.05 | $ | 0.10 | $ | 0.10 | $ | 0.10 | $ | 0.10 | |||||||||||
Other Financial and Statistical Data
For the years ended December 31, 2003-1999
2003(1) | 2002(2) | 2001(3) | 2000(4) | 1999(5) | ||||||||||||||||
Total assets(millions) | $ | 25,939 | $ | 24,303 | $ | 23,605 | $ | 21,931 | $ | 19,942 | ||||||||||
Long-term debt and capital leases (excluding current maturities)(millions) | $ | 11,538 | $ | 10,174 | $ | 8,347 | $ | 5,896 | $ | 4,303 | ||||||||||
Shareowners’ (deficit) equity(millions) | $ | (659) | $ | 893 | $ | 3,769 | $ | 5,343 | $ | 4,908 | ||||||||||
Shares of common stock outstanding at year end | 123,544,945 | 123,359,205 | 123,245,666 | 123,013,372 | 132,893,470 | |||||||||||||||
Revenue passengers enplaned(thousands) | 104,452 | 107,048 | 104,943 | 119,930 | 110,083 | |||||||||||||||
Available seat miles(millions)(8) | 139,505 | 145,232 | 147,837 | 154,974 | 147,073 | |||||||||||||||
Revenue passenger miles(millions)(8) | 102,301 | 104,422 | 101,717 | 112,998 | 106,165 | |||||||||||||||
Operating revenue per available seat mile(8) | 10.10 | ¢ | 9.55 | ¢ | 9.39 | ¢ | 10.80 | ¢ | 10.12 | ¢ | ||||||||||
Passenger mile yield(8) | 12.73 | ¢ | 12.26 | ¢ | 12.74 | ¢ | 13.86 | ¢ | 13.14 | ¢ | ||||||||||
Operating cost per available seat mile(8) | 10.66 | ¢ | 10.45 | ¢ | 10.47 | ¢ | 9.75 | ¢ | 9.22 | ¢ | ||||||||||
Passenger load factor(8) | 73.33 | % | 71.90 | % | 68.80 | % | 72.91 | % | 72.18 | % | ||||||||||
Breakeven passenger load factor(8) | 77.75 | % | 79.25 | % | 77.31 | % | 65.29 | % | 65.37 | % | ||||||||||
Available ton miles(millions) | 20,421 | 21,548 | 22,282 | 22,925 | 21,245 | |||||||||||||||
Revenue ton miles(millions) | 11,271 | 11,698 | 11,752 | 13,058 | 12,227 | |||||||||||||||
Operating cost per available ton miles | 68.99 | ¢ | 67.82 | ¢ | 69.48 | ¢ | 65.88 | ¢ | 63.85 | ¢ | ||||||||||
Cargo ton miles(millions) | 1,404 | 1,495 | 1,583 | 1,855 | 1,747 | |||||||||||||||
Cargo ton mile yield | 33.08 | ¢ | 30.62 | ¢ | 31.95 | ¢ | 31.46 | ¢ | 32.10 | ¢ | ||||||||||
Fuel gallons consumed(millions) | 2,370 | 2,514 | 2,649 | 2,922 | 2,779 | |||||||||||||||
Average price per fuel gallon, net of hedging gains | 81.78 | ¢ | 66.94 | ¢ | 68.60 | ¢ | 67.38 | ¢ | 51.13 | ¢ |
(1) Includes a $268 million charge ($169 million net of tax, or $1.37 diluted EPS) for restructuring, asset writedowns, pension settlements and related items, net; a $398 million gain ($251 million net of tax, or $2.03 diluted EPS) for Appropriations Act compensation; and a $304 million gain ($191 million net of tax, or $1.55 diluted EPS) for certain other income and expense items (see Item 7. “Management’s Discussion and Analysis of Financial Condition and Results of Operations” in this Form 10-K).
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(2) Includes a $439 million charge ($277 million net of tax, or $2.25 diluted EPS) for restructuring, asset writedowns, and related items, net; a $34 million gain ($22 million net of tax, or $0.17 diluted EPS) for Stabilization Act compensation; and a $94 million charge ($59 million net of tax, or $0.47 diluted EPS) for certain other income and expense items (see Item 7. “Management’s Discussion and Analysis of Financial Condition and Results of Operations” in this Form 10-K).
(3) Includes a $1.1 billion charge ($695 million net of tax, or $5.63 diluted EPS) for restructuring, asset writedowns, and related items, net; a $634 million gain ($392 million net of tax, or $3.18 diluted EPS) for Stabilization Act compensation; and a $186 million gain ($114 million net of tax, or $0.92 diluted EPS) for certain other income and expense items (see Item 7. “Management’s Discussion and Analysis of Financial Condition and Results of Operations” in this Form 10-K).
(4) Includes a $108 million charge ($66 million net of tax, or $0.50 diluted EPS) for restructuring, asset writedowns, and related items, net; a $151 million gain ($93 million net of tax, or $0.70 diluted EPS) for certain other income and expense items; and a $164 million cumulative effect, non-cash charge ($100 million net of tax, or $0.77 diluted EPS), resulting from our adoption of SFAS 133 on July 1, 2000.
(5) Includes a $469 million charge ($286 million net of tax, or $1.94 diluted EPS) for asset writedowns; $927 million gain ($565 million net of tax, or $3.83 diluted EPS) from the sale of certain investments; an $89 million non-cash charge ($54 million net of tax, or $0.37 diluted EPS) from the cumulative effect of a change in accounting principle resulting from our adoption on January 1, 1999 of SAB 101; and a $40 million charge ($24 million net of tax, or $0.16 diluted EPS) for the early extinguishment of certain debt obligations.
(6) Includes interest income.
(7)Includes gains (losses) from the sale of investments.
(8)Reflects the reclassifications discussed in Note 1 of the Notes to the Consolidated Financial Statements related to our contract carrier arrangements.
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