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Consolidated Balance Sheets - USD ($) $ in Millions Dec. 31, 2015 Dec. 31, 2014 Current Assets: Cash and cash equivalents $ 1,972 $ 2,088
Consolidated Balance Sheets - USD ($) $ in Millions | Dec. 31, 2015 | Dec. 31, 2014 | ||||||
Current Assets: | ||||||||
Cash and cash equivalents | $ 1,972 | $ 2,088 | ||||||
Short-term investments | 1,465 | 1,217 | ||||||
Accounts receivable, net of an allowance for uncollectible accounts of $9 and $11 at December 31, 2015 and 2014, respectively | 2,020 | 2,297 | ||||||
Hedge margin receivable | 119 | 925 | ||||||
Fuel inventory | 379 | 534 | ||||||
Expendable parts and supplies inventories, net of an allowance for obsolescence of $114 and $127 at December 31, 2015 and 2014, respectively | 318 | 318 | ||||||
Hedge derivatives asset | 1,987 | 1,078 | ||||||
Prepaid expenses and other | 796 | 701 | ||||||
Total current assets | 9,056 | 9,158 | ||||||
Property and Equipment, Net: | ||||||||
Property and equipment, net of accumulated depreciation and amortization of $10,871 and $9,340 at December 31, 2015 and 2014, respectively | 23,039 | 21,929 | ||||||
Other Assets: | ||||||||
Goodwill | 9,794 | 9,794 | ||||||
Identifiable intangibles, net of accumulated amortization of $811 and $793 at December 31, 2015 and 2014, respectively | 4,861 | 4,603 | ||||||
Deferred income taxes, net | 4,956 | 7,595 | ||||||
Other noncurrent assets | 1,428 | 926 | ||||||
Total other assets | 21,039 | 22,918 | ||||||
Total assets | 53,134 | 54,005 | ||||||
Current Liabilities: | ||||||||
Current maturities of long-term debt and capital leases | 1,563 | 1,184 | ||||||
Air traffic liability | 4,503 | 4,296 | ||||||
Accounts payable | 2,743 | 2,622 | ||||||
Accrued salaries and related benefits | 3,195 | 2,266 | ||||||
Hedge derivatives liability | 2,581 | 2,772 | ||||||
Frequent flyer deferred revenue | 1,635 | 1,580 | ||||||
Other accrued liabilities | 1,306 | 2,127 | ||||||
Total current liabilities | 17,526 | 16,847 | ||||||
Noncurrent Liabilities: | ||||||||
Long-term debt and capital leases | 6,766 | 8,477 | ||||||
Pension, postretirement and related benefits | 13,855 | 15,138 | ||||||
Frequent flyer deferred revenue | 2,246 | 2,602 | ||||||
Other noncurrent liabilities | 1,891 | 2,128 | ||||||
Total noncurrent liabilities | $ 24,758 | $ 28,345 | ||||||
Commitments and Contingencies | ||||||||
Stockholders' Equity: | ||||||||
Common stock at $0.0001 par value; 1,500,000,000 shares authorized, 799,850,675 and 845,048,310 shares issued at December 31, 2015 and 2014, respectively | $ 0 | $ 0 | ||||||
Additional paid-in capital | 10,875 | 12,981 | ||||||
Retained earnings | 7,623 | 3,456 | ||||||
Accumulated other comprehensive loss | (7,275) | (7,311) | ||||||
Treasury stock, at cost, 21,066,684 and 19,790,077 shares at December 31, 2015 and 2014, respectively | (373) | (313) | ||||||
Total stockholders' equity | 10,850 | 8,813 | ||||||
Total liabilities and stockholders' equity | $ 53,134 | $ 54,005 | ||||||
Consolidated Statements of Operations - USD ($) $ in Millions | 12 Months Ended | |||||||
Dec. 31, 2015 | Dec. 31, 2014 | |||||||
Passenger: | ||||||||
Mainline | $ 28,898 | $ 28,688 | ||||||
Regional carriers | 5,884 | 6,266 | ||||||
Total passenger revenue | 34,782 | 34,954 | ||||||
Cargo | 813 | 934 | ||||||
Other | 5,109 | 4,474 | ||||||
Total operating revenue | 40,704 | 40,362 | ||||||
Operating Expense: | ||||||||
Salaries and related costs | 8,776 | 8,120 | ||||||
Aircraft fuel and related taxes | 6,544 | 11,668 | ||||||
Regional carriers expense | 4,241 | 5,237 | ||||||
Aircraft maintenance materials and outside repairs | 1,848 | 1,828 | ||||||
Contracted services | 1,848 | 1,749 | ||||||
Depreciation and amortization | 1,835 | 1,771 | ||||||
Passenger commissions and other selling expenses | 1,672 | 1,700 | ||||||
Landing fees and other rents | 1,493 | 1,442 | ||||||
Profit sharing | 1,490 | 1,085 | ||||||
Passenger service | 872 | 810 | ||||||
Aircraft rent | 250 | 233 | ||||||
Restructuring and other | 35 | 716 | ||||||
Other | 1,998 | 1,797 | ||||||
Total operating expense | 32,902 | 38,156 | ||||||
Operating Income | 7,802 | 2,206 | ||||||
Non-Operating Expense: | Note: There is no capitalized Interest in this example | |||||||
Interest expense, net | (481) | (650) | ||||||
Interest Portion of Lease, net | (164) | (484) | ||||||
Total non-operating expense, net | (645) | (1,134) | ||||||
Income Before Income Taxes | 7,157 | 1,072 | ||||||
Income Tax (Provision) Benefit | (2,631) | (413) | ||||||
Net Income | $ 4,526 | $ 659 | ||||||
Times Interest Earned | 0 | 0 | ||||||
Fixed Charge Coverage | 0 | 0 | ||||||
Debt Ratio | 0 | 0 | ||||||
Debt to Equity Ratio | 0 | 0 | ||||||
Debt to Tangible Net Worth | 0 | 0 |
Answer the five ratios above for each year
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