JetBlue Airlines 2006 Annual Report Download - page 55

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JETBLUE AIRWAYS CORPORATION
CONSOLIDATED BALANCE SHEETS
(In millions, except per share data)
December 31,
2006 2005
LIABILITIES AND STOCKHOLDERS’ EQUITY
CURRENT LIABILITIES
Accounts payable ...................................................... $ 136 $ 99
Air traffic liability ...................................................... 340 243
Accrued salaries, wages and benefits...................................... 73 58
Other accrued liabilities ................................................. 91 53
Short-term borrowings .................................................. 39 65
Current maturities of long-term debt and capital leases ..................... 175 158
Total current liabilities ................................................ 854 676
LONG-TERM DEBT AND CAPITAL LEASE OBLIGATIONS.............. 2,626 2,103
DEFERRED TAXES AND OTHER LIABILITIES
Deferred income taxes ................................................. 136 116
Construction obligation ................................................. 186 —
Other ................................................................. 89 86
411 202
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, 177,609,253
and 172,621,972 shares issued and outstanding in 2006 and 2005,
respectively.......................................................... 2 2
Additional paid-in capital ............................................... 813 764
Retained earnings ...................................................... 144 145
Accumulated other comprehensive loss ................................... (7) —
Total stockholders’ equity ............................................ 952 911
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY .................. $ 4,843 $ 3,892
See accompanying notes to consolidated financial statements.
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