JetBlue Airlines 2003 Annual Report Download - page 54

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JETBLUE AIRWAYS CORPORATION
CONSOLIDATED BALANCE SHEETS
(In thousands, except share data)
December 31,
2003 2002
LIABILITIES AND STOCKHOLDERS’ EQUITY
CURRENT LIABILITIES
Accounts payable ......................................... $ 52,983 $ 46,042
Air traffic liability ........................................ 134,719 97,534
Accrued salaries, wages and benefits ........................... 61,851 37,140
Other accrued liabilities .................................... 23,081 16,515
Short-term borrowings ..................................... 29,884 21,679
Current maturities of long-term debt ........................... 67,101 50,754
Total current liabilities ................................... 369,619 269,664
LONG-TERM DEBT ........................................ 1,011,610 639,498
DEFERRED TAXES AND OTHER LIABILITIES
Deferred income taxes ..................................... 99,030 38,545
Other ................................................. 34,362 16,543
133,392 55,088
COMMITMENTS AND CONTINGENCIES
STOCKHOLDERS’ EQUITY
Preferred stock, $.01 par value; 25,000,000 shares authorized;
none issued ........................................... — —
Common stock, $.01 par value; 500,000,000 shares authorized;
102,069,111 and 95,637,618 shares issued and outstanding in 2003 and
2002, respectively ....................................... 1,021 956
Additional paid-in capital ................................... 552,375 407,153
Retained earnings ........................................ 119,689 15,791
Unearned compensation .................................... (7,544) (9,414)
Accumulated other comprehensive income ....................... 5,595 187
Total stockholders’ equity ................................. 671,136 414,673
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY ............. $ 2,185,757 $ 1,378,923
See accompanying notes to consolidated financial statements.
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