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Hi I need some help solving for the times interest earned in this problem.. Consolidated Balance Sheets - USD ($) $ in Millions Dec. 31,
Hi I need some help solving for the times interest earned in this problem..
Consolidated Balance Sheets - USD ($) $ in Millions | Dec. 31, 2015 | Dec. 31, 2014 |
Current assets | ||
Cash | $ 390 | $ 994 |
Short-term investments | 5,864 | 6,309 |
Restricted cash and short-term investments | 695 | 774 |
Accounts receivable, net | 1,425 | 1,771 |
Aircraft fuel, spare parts and supplies, net | 863 | 1,004 |
Prepaid expenses and other | 748 | 898 |
Total current assets | 9,985 | 11,750 |
Operating property and equipment | ||
Flight equipment | 33,185 | 28,213 |
Ground property and equipment | 6,402 | 5,900 |
Equipment purchase deposits | 1,067 | 1,230 |
Total property and equipment, at cost | 40,654 | 35,343 |
Less accumulated depreciation and amortization | (13,144) | (12,259) |
Total property and equipment, net | 27,510 | 23,084 |
Other assets | ||
Goodwill | 4,091 | 4,091 |
Intangibles, net of accumulated amortization | 2,249 | 2,240 |
Deferred tax asset | 2,477 | 0 |
Other assets | 2,103 | 2,060 |
Total other assets | 10,920 | 8,391 |
Total assets | 48,415 | 43,225 |
Current liabilities | ||
Current maturities of long-term debt and capital leases | 2,231 | 1,677 |
Accounts payable | 1,563 | 1,377 |
Accrued salaries and wages | 1,205 | 1,194 |
Air traffic liability | 3,747 | 4,252 |
Loyalty program liability | 2,525 | 2,807 |
Other accrued liabilities | 2,334 | 2,097 |
Total current liabilities | 13,605 | 13,404 |
Noncurrent liabilities | ||
Long-term debt and capital leases, net of current maturities | 18,330 | 16,043 |
Pension and postretirement benefits | 7,450 | 7,562 |
Deferred gains and credits, net | 667 | 829 |
Bankruptcy settlement obligations | 193 | 325 |
Other liabilities | 2,535 | 3,041 |
Total noncurrent liabilities | $ 29,175 | $ 27,800 |
Commitments and contingencies | ||
Stockholders' equity | ||
Common stock | $ 6 | $ 7 |
Additional paid-in capital | 11,591 | 15,135 |
Accumulated other comprehensive loss | (4,732) | (4,559) |
Accumulated deficit | (1,230) | (8,562) |
Total stockholders' equity | 5,635 | 2,021 |
Total liabilities and stockholders' equity | 48,415 | 43,225 |
American Airlines, Inc. [Member] | ||
Consolidated Statements of Operations - USD ($) shares in Thousands, $ in Millions | 12 Months Ended | |
Dec. 31, 2015 | Dec. 31, 2014 | |
Operating revenues: | ||
Mainline passenger | $ 29,037 | $ 30,802 |
Regional passenger | 6,475 | 6,322 |
Cargo | 760 | 875 |
Other | 4,718 | 4,651 |
Total operating revenues | 40,990 | 42,650 |
Operating expenses: | ||
Aircraft fuel and related taxes | 6,226 | 10,592 |
Salaries, wages and benefits | 9,524 | 8,508 |
Regional expenses | 5,983 | 6,516 |
Maintenance, materials and repairs | 1,889 | 2,051 |
Other rent and landing fees | 1,731 | 1,727 |
Aircraft rent | 1,250 | 1,250 |
Selling expenses | 1,394 | 1,544 |
Depreciation and amortization | 1,364 | 1,295 |
Special items, net | 1,051 | 800 |
Other | 4,374 | 4,118 |
Total operating expenses | 34,786 | 38,401 |
Operating income | 6,204 | 4,249 |
Nonoperating income (expense): | ||
Interest income | 39 | 31 |
Interest expense, net of capitalized interest | (880) | (887) |
Interest Portion of Lease, net | (747) | (181) |
Total nonoperating expense, net | (1,588) | (1,037) |
Income before reorganization items, net | 4,616 | 3,212 |
Reorganization items, net | ||
Income (loss) before income taxes | 4,616 | 3,212 |
Income tax provision (benefit) | (2,994) | 330 |
Net income (loss) | $ 7,610 | $ 2,882 |
Times Interest Earned | ??? | ??? |
Fixed Charge Coverage | ??? | ??? |
Debt Ratio | 0.88 | 0.95 |
Debt to Equity Ratio | 7.59 | 20.39 |
Debt to Tangible Net Worth | -60.68 | -9.56 |
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