JetBlue Airlines 2004 Annual Report Download - page 57

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JETBLUE AIRWAYS CORPORATION
CONSOLIDATED BALANCE SHEETS
(In thousands, except share data)
December 31,
2004 2003
LIABILITIES AND STOCKHOLDERS’ EQUITY
CURRENT LIABILITIES
Accounts payable ......................................... $ 70,934 $ 52,983
Air traffic liability ........................................ 174,062 134,719
Accrued salaries, wages and benefits ........................... 56,092 61,851
Other accrued liabilities .................................... 36,037 23,081
Short-term borrowings ..................................... 43,578 29,884
Current maturities of long-term debt ........................... 105,295 67,101
Total current liabilities ................................... 485,998 369,619
LONG-TERM DEBT ........................................ 1,395,939 1,011,610
DEFERRED TAXES AND OTHER LIABILITIES
Deferred income taxes ..................................... 122,757 99,030
Other ................................................. 37,750 34,362
160,507 133,392
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;
104,236,599 and 102,069,111 shares issued and outstanding in 2004 and
2003, respectively ....................................... 1,042 1,021
Additional paid-in capital ................................... 581,056 552,375
Retained earnings ........................................ 167,156 119,689
Unearned compensation .................................... (5,713) (7,544)
Accumulated other comprehensive income ....................... 12,659 5,595
Total stockholders’ equity ................................. 756,200 671,136
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY ............. $ 2,798,644 $ 2,185,757
See accompanying notes to consolidated financial statements.
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