JetBlue Airlines 2004 Annual Report Download - page 59

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JETBLUE AIRWAYS CORPORATION
CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ EQUITY
(In thousands)
Accumulated Accumulated
Additional Deficit/ Other
Common Paid-In Retained Unearned Comprehensive
Shares Stock Capital Earnings Compensation Income Total
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 dividends 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 secondary 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
Net income ............... — — — 47,467 — — 47,467
Change in fair value of derivatives,
net of $7,828 in taxes ....... — — — — — 12,659 12,659
Reclassifications into earnings, net
of $4,046 in taxes .......... — — — — — (5,595) (5,595)
Total comprehensive income ...... 54,531
Exercise of common stock options . . 1,130 11 4,371 — — — 4,382
Tax benefit of options exercised .... — — 8,676 — — — 8,676
Amortization of unearned
compensation .............. — — — — 1,709 — 1,709
Stock issued under crewmember
stock purchase plan .......... 1,038 10 15,756 — — — 15,766
Other .................... — — (122) — 122 — —
Balance at December 31, 2004 ...... 104,237 $ 1,042 $ 581,056 $ 167,156 $ (5,713) $ 12,659 $ 756,200
See accompanying notes to consolidated financial statements.
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