JetBlue Airlines 2004 Annual Report Download - page 76

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JETBLUE AIRWAYS CORPORATION
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)
December 31, 2004
Note 12—Financial Instruments and Risk Management (Continued)
Investment securities, excluding fuel hedge derivatives, at December 31, 2004 and 2003 consisted of
the following (in thousands):
2004 2003
Available-for-sale securities:
Student loan bonds ................................... $ 334,525 $ 380,790
Asset-backed securities ................................. 67,175 87,110
391,700 467,900
Held-to-maturity securities:
Corporate bonds ..................................... 18,258 25,618
Total ............................................... $ 409,958 $ 493,518
The carrying values of available-for-sale and held-to-maturity securities approximate fair value.
There were no realized gains or losses on these investments for the years ended December 31, 2004,
2003 or 2002. Contractual maturities of available-for-sale securities at December 31, 2004 consisted of
$6.7 million maturing between five to 10 years and $385.0 million maturing after 10 years.
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