01—Abstract
Summary
Summary of the 10-K/A filed April 4, 2000. Cited figures are marked; the original filing is the authoritative source.
UAL Corporation, now United Airlines Holdings, Inc., filed this Form 10-K on April 4, 2000, signed by Douglas A.
Hacker, Executive Vice President and Chief Financial Officer. The filing consists of Part III, which incorporates information by reference from the definitive proxy statement for the annual meeting of stockholders, and Part IV, which lists financial statement schedules, exhibits, and Forms 8-K. Item 8 is cross-referenced for the financial statements, and Schedule II (Valuation and Qualifying Accounts) covers the years ended December 31, 1998, 1997 and 1996.
The Exhibit Index shows the company's capital structure and agreements, including its Restated Certificate of Incorporation, a 1994 Deposit Agreement, a December 20, 1996 Indenture with The First National Bank of Chicago as Trustee, and 13-1/4%a Junior Subordinated Debentures due 2026 issued through UAL Corporation Capital Trust I. The filing states that UAL's indebtedness under any single instrument does not exceed 10% of its consolidated total assets. The index also lists labor-related agreements with the Air Line Pilots Association, International and the International Association of Machinists and Aerospace Workers, along with employee stock ownership plans, executive employment and severance arrangements, and director benefits.
A significant portion of the exhibits relates to aircraft purchase agreements with Boeing for 777-200, 757-200 and 747-400 aircraft, several of which were filed with requests for confidential treatment of certain portions. The filing also references a Financial Data Schedule (Exhibit 27), a Computation of Ratio of Earnings to Fixed Charges, and an Annual Report on Form 11-K for the Employees' Stock Purchase Plan. Two Forms 8-K were reported: one dated October 21, 1998, and one dated December 16, 1998, which announced 1999 fully distributed EPS goals and a goal to limit fully distributed unit cost growth in the year 2000.
02—Key points
Key Highlights
- Filed April 4, 2000 by UAL Corporation (now United Airlines Holdings, Inc.), signed by Executive Vice President and Chief Financial Officer Douglas A. Hacker
- Financial statements are cross-referenced to Item 8, and Schedule II covers valuation and qualifying accounts for 1996 through 1998
- Part III information on directors and executive compensation is incorporated by reference from the proxy statement for the May 18, 1999 annual meeting
- Junior subordinated debentures (13-1/4% due 2026) were issued through UAL Corporation Capital Trust I; the filing states that no single debt instrument exceeds 10% of consolidated total assets
- Exhibits include labor agreements with ALPA and IAM and multiple employee stock ownership and supplemental ESOP plans
- Boeing aircraft purchase agreements for 777-200, 757-200 and 747-400 aircraft are filed as exhibits, several with confidential treatment requests
- Form 8-K filed December 16, 1998 announced 1999 fully distributed EPS goals and a goal to limit fully distributed unit cost growth in 2000
03—Questions
Frequently Asked Questions
Where can investors find the company's financial statements in this filing?
The filing states that the financial statements are listed in Item 8, 'Financial Statements and Supplementary Data,' of the report. This Part IV section also includes Schedule II, Valuation and Qualifying Accounts, for the years ended December 31, 1998, 1997 and 1996.
What does the filing say about the company's debt?
The filing identifies 13-1/4% Junior Subordinated Debentures due 2026 issued through UAL Corporation Capital Trust I, along with a December 20, 1996 indenture with The First National Bank of Chicago as Trustee. It states that UAL's indebtedness under any single instrument does not exceed 10% of its total assets on a consolidated basis, and that copies of such instruments will be furnished to the SEC on request.
What major aircraft purchase agreements are referenced?
The exhibit index lists supplemental agreements and change orders to the Boeing 777-200 Purchase Agreement, letter agreements to the 757-200 Purchase Agreement, and letter agreements to the 747-400 Purchase Agreement, all dated in 1998. Several of these exhibits were filed with requests for confidential treatment of certain portions.
Which labor unions are party to agreements referenced in the filing?
The filing references the Amended and Restated Agreement and Plan of Recapitalization dated March 25, 1994, among UAL Corporation, the Air Line Pilots Association, International ('ALPA') and the International Association of Machinists and Aerospace Workers ('IAM'), along with a 1996 agreement under that plan.
What forms were reported on Form 8-K during the period?
The filing reports Form 8-K dated October 21, 1998, and Form 8-K dated December 16, 1998. The December 2008 report announced a press release in which UAL disclosed its 1999 fully distributed EPS goals and its goal to limit fully distributed unit cost growth in the year 2000.
04—Continue