JetBlue Airlines 2007 Annual Report Download - page 55

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JETBLUE AIRWAYS CORPORATION
CONSOLIDATED BALANCE SHEETS
(In millions, except share data)
December 31,
2007 2006
LIABILITIES AND STOCKHOLDERS’ EQUITY
CURRENT LIABILITIES
Accounts payable ...................................................... $ 140 $ 136
Air traffic liability ..................................................... 426 340
Accrued salaries, wages and benefits...................................... 110 73
Other accrued liabilities ................................................. 120 91
Short-term borrowings .................................................. 43 39
Current maturities of long-term debt and capital leases ..................... 417 175
Total current liabilities ................................................ 1,256 854
LONG-TERM DEBT AND CAPITAL LEASE OBLIGATIONS.............. 2,588 2,626
DEFERRED TAXES AND OTHER LIABILITIES
Deferred income taxes ................................................. 192 136
Construction obligation ................................................. 438 186
Other ................................................................. 88 89
718 411
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, 181,593,440 and
177,609,253 shares issued and outstanding in 2007 and 2006, respectively .... 2 2
Additional paid-in capital ............................................... 853 813
Retained earnings ..................................................... 162 144
Accumulated other comprehensive income (loss) ........................... 19 (7)
Total stockholders’ equity ............................................ 1,036 952
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY .................. $5,598 $4,843
See accompanying notes to consolidated financial statements.
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