JetBlue Airlines 2003 Annual Report Download - page 57

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JETBLUE AIRWAYS CORPORATION
CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ EQUITY (DEFICIT)
(In thousands)
Accumulated Accumulated
Additional Deficit/ Other
Common Paid-In Retained Unearned Comprehensive
Shares Stock Capital Earnings Compensation Income Total
Balance at December 31, 2000 ........ 9,767 $ 98 $ 433 $ (54,684) $ — $ — $ (54,153)
Net income .................———38,537 — — 38,537
Total comprehensive income ........ 38,537
Exercise of common stock options .... 52 — 25 — — — 25
Issuance of Series B Preferred stock,
$7.387 per share ..............——— — — — —
Issuance of Series B Preferred stock,
$7.387 per share ..............——— — — — —
Accrued undeclared dividends on
preferred stock ...............———(16,970) — — (16,970)
Unearned compensation on common
stock options ................ — — 3,183 — (3,183) — —
Other ...................... — — 194 — 200 — 394
Balance at December 31, 2001 ........ 9,819 98 3,835 (33,117) (2,983) — (32,167)
Net income .................———54,908 — — 54,908
Change in fair value of derivatives, net
of $125 in taxes .............——— — — 187 187
Total comprehensive income ........ 55,095
Accrued undeclared dividend on
preferred stock ...............———(5,955) — — (5,955)
Proceeds from initial public offering, net
of offering expenses ............ 15,180 152 168,126 — — — 168,278
Conversion of redeemable preferred
stock ..................... 69,058 691 215,703 — — — 216,394
Exercise of common stock options .... 1,217 12 1,054 — — — 1,066
Tax benefit of options exercised ...... — — 6,568 — — — 6,568
Unearned compensation on common
stock options, net of forfeitures ..... — — 8,144 — (8,144) — —
Amortization of unearned compensation — — — — 1,713 — 1,713
Stock issued under crewmember stock
purchase plan ................ 364 4 3,710 — — — 3,714
Other ...................... — (1) 13 (45) — — (33)
Balance at December 31, 2002 ........ 95,638 956 407,153 15,791 (9,414) 187 414,673
Net income .................———103,898 — — 103,898
Change in fair value of derivatives, net
of $4,127 in taxes ............——— — — 5,716 5,716
Reclassifications into earnings, net of
$205 in taxes ...............——— — — (308) (308)
Total comprehensive income ........ 109,306
Proceeds from public offering, net of
offering expenses .............. 4,485 45 122,453 — — — 122,498
Exercise of common stock options .... 1,096 11 4,130 — — — 4,141
Tax benefit of options exercised ...... — — 9,380 — — — 9,380
Amortization of unearned compensation — — — — 1,755 — 1,755
Stock issued under crewmember stock
purchase plan ................ 853 9 9,479 — — — 9,488
Other ...................... (3) — (220) — 115 — (105)
Balance at December 31, 2003 ........ 102,069 $ 1,021 $ 552,375 $ 119,689 $ (7,544) $ 5,595 $ 671,136
See accompanying notes to consolidated financial statements.
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