Impacts of All Adjustments Made to Financial Statements |
| | | 2014 | | 2013 | | | | Previously | | | | Effect of | | Previously | | | | Effect of | | | | Reported | | Adjusted | | Change | | Reported | | Adjusted | | Change | Consolidated Statements of Income | | | | | | | | | | | | | Operating expenses | | | | | | | | | | | | | | Salaries and employee benefits | $ | 16,555 | $ | 16,171 | $ | (384) | $ | 16,570 | $ | 16,055 | $ | (515) | | Retirement plans MTM adjustment | | - | | 15 | | 15 | | - | | (1,368) | | (1,368) | Operating Income | | 3,446 | | 3,815 | | 369 | | 2,551 | | 4,434 | | 1,883 | Income Before Income Taxes | | 3,289 | | 3,658 | | 369 | | 2,455 | | 4,338 | | 1,883 | Provision for Income Taxes | | 1,192 | | 1,334 | | 142 | | 894 | | 1,622 | | 728 | Net Income | | 2,097 | | 2,324 | | 227 | | 1,561 | | 2,716 | | 1,155 | Basic Earnings per Common Share | | 6.82 | | 7.56 | | 0.74 | | 4.95 | | 8.61 | | 3.66 | Diluted Earnings per Common Share | | 6.75 | | 7.48 | | 0.73 | | 4.91 | | 8.55 | | 3.64 | | | | | | | | | | | | | | | Consolidated Statements of | | | | | | | | | | | | | | Comprehensive Income | | | | | | | | | | | | | Net Income | | 2,097 | | 2,324 | | 227 | | 1,561 | | 2,716 | | 1,155 | Amortization of prior service credit and | | | | | | | | | | | | | | other, net of tax | | 151 | | (76) | | (227) | | 1,092 | | (63) | | (1,155) | | | | | | | | | | | | | | | Consolidated Balance Sheets | | | | | | | | | | | | | Retained Earnings | | 20,429 | | 16,229 | | (4,200) | | 18,519 | | 14,092 | | (4,427) | Accumulated other comprehensive income (loss) | | (3,694) | | 506 | | 4,200 | | (3,820) | | 607 | | 4,427 | | | | | | | | | | | | | | | Consolidated Statements of Cash Flows | | | | | | | | | | | | | Operating Activities | | | | | | | | | | | | | | Net Income | | 2,097 | | 2,324 | | 227 | | 1,561 | | 2,716 | | 1,155 | | Deferred income taxes and other noncash items | | 581 | | 339 | | (242) | | 521 | | 734 | | 213 | | Retirement plans MTM adjustment | | - | | 15 | | 15 | | - | | (1,368) | | (1,368) |
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Schedule of Depreciable Lives and Net Book Value of Property and Equipment |
| | | Net Book Value at May 31, | | Range | | 2015 | | 2014 | Wide-body aircraft and related equipment | 15 to 30 years | | $ | 7,548 | | $ | 7,223 | Narrow-body and feeder aircraft and related equipment | 5 to 18 years | | | 2,943 | | | 2,639 | Package handling and ground support equipment | 3 to 30 years | | | 2,410 | | | 2,024 | Vehicles | 3 to 15 years | | | 2,717 | | | 2,615 | Computer and electronic equipment | 2 to 10 years | | | 866 | | | 923 | Facilities and other | 2 to 40 years | | | 4,391 | | | 4,126 |
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