COMPARATIVE
 

Assets

At December 31

CURRENT ASSETS:                                                                                                             1956                      1955

Cash on hand and on deposit In banks.....................     .S   409,493.23        »   145,760.97

Marketable securities, at cost plus accrued interest on U. S.

Treasury Bills and Commercial Paper or minus amortization

of premiums:

U. S. Government securities (market value

December 31, 1956-$249,300)....................          249,508.77            .549,202.34

Other securities ...................................                   -                   721,908.38

Accounts receivable:

United States Government.............................          222,291.97              219,843.82

Traffic  .............................................           .53.470.13              44,948.90

Estimated refund of Federal income tax based on carry-back

of loss to 1954 under the Internal Revenue Code...........         138,000.00                        —

Other current receivables...............................           21,1,52.50                  7,738.23

Materials and miscellaneous supplies, at cost................            75,679.16               47,714.34

Prepaid insurance .....................................           83,794.86                62,027.72

Total current assets ........................     $1,253,390.62        81,799,144.70

INVESTMENTS AND SPECIAL FUNDS:

Investments in and advances to subsidiary and

related service companies.............................     S          972.22        S          947.22

Deposits against equipment purchase contracts..............            69,,305.75              202,473.75

i     70,277.97       $   203,420.97

OPERATING PROPERTY AND EQUIPMENT (stated at cost) :

Flight equipment......................................     $1,872,114.15        $1,025,934.35

Less — Reserves for depreciation I see Note 1)..............          824.950.56              603,797.96

$1,047,163.59       $   422,136.39

Ground property and equipment.........................     $   278,865.17        $   151,074.50

Less — Reserves for depreciation I see Note 1 (..............            78,175.45              45,813.57

$   200,689.72       $   105,260.93

Operating property qnd equipment

less reserves for depreciation..............     $1,247,853.31        S   527,397.32

DEFERRED CHARGES:

Extension and development costs (see Note 3)...............     S     60,439.46        $     70,964.44

Other deferred charges.................................           44,462.34                24,634.72

$   104,901.80       $     95,599.16
 

Total assets...............................     $2,676,423.70       $2,625,562.15