JetBlue Airlines 2008 Annual Report Download - page 51

Download and view the complete annual report

Please find page 51 of the 2008 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 110

  • 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
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110

ITEM 8. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA
JETBLUE AIRWAYS CORPORATION
CONSOLIDATED BALANCE SHEETS
(In millions, except share data)
2008 2007
December 31,
ASSETS
CURRENT ASSETS
Cash and cash equivalents ............................................. $ 561 $ 190
Investment securities ................................................. 10 644
Receivables, less allowance (2008-$5; 2007-$2) ............................. 86 92
Inventories, less allowance (2008-$4; 2007-$2) .............................. 30 26
Restricted cash ..................................................... 78 —
Prepaid expenses and other ............................................ 91 111
Deferred income taxes ................................................ 106 53
Total current assets................................................. 962 1,116
PROPERTY AND EQUIPMENT
Flight equipment .................................................... 3,832 3,547
Predelivery deposits for flight equipment .................................. 163 238
3,995 3,785
Less accumulated depreciation .......................................... 406 336
3,589 3,449
Other property and equipment .......................................... 487 475
Less accumulated depreciation .......................................... 134 130
353 345
Assets constructed for others ........................................... 533 452
Less accumulated depreciation .......................................... 5 —
528 452
Total property and equipment ......................................... 4,470 4,246
OTHER ASSETS
Investment securities ................................................. 244 —
Purchased technology, less accumulated amortization (2008-$61; 2007-$48) ........ 8 21
Restricted cash ..................................................... 69 53
Other............................................................. 270 162
Total other assets .................................................. 591 236
TOTAL ASSETS ..................................................... $6,023 $5,598
See accompanying notes to consolidated financial statements.
42