JetBlue Airlines 2005 Annual Report Download - page 53

Download and view the complete annual report

Please find page 53 of the 2005 JetBlue Airlines annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 100

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100

JETBLUE AIRWAYS CORPORATION
CONSOLIDATED BALANCE SHEETS
(In millions, except share data)
December 31,
2005 2004
LIABILITIES AND STOCKHOLDERS’ EQUITY
CURRENT LIABILITIES
Accounts payable ...................................................... $ 99 $ 71
Air traffic liability ...................................................... 243 174
Accrued salaries, wages and benefits...................................... 58 56
Other accrued liabilities ................................................. 53 38
Short-term borrowings .................................................. 65 44
Current maturities of long-term debt ..................................... 158 105
Total current liabilities ................................................ 676 488
LONG-TERM DEBT .................................................... 2,103 1,396
DEFERRED TAXES AND OTHER LIABILITIES ........................
Deferred income taxes .................................................. 116 121
Other ................................................................. 86 38
202 159
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, 172,621,972 and
156,354,898 shares issued and outstanding in 2005 and 2004, respectively .... 2 1
Additional paid-in capital ............................................... 764 581
Retained earnings ...................................................... 145 165
Unearned compensation ................................................ — (6)
Accumulated other comprehensive income ................................ — 13
Total stockholders’ equity ............................................ 911 754
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY .................. $ 3,892 $ 2,797
See accompanying notes to consolidated financial statements.
45