JetBlue Airlines 2008 Annual Report Download - page 52

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JETBLUE AIRWAYS CORPORATION
CONSOLIDATED BALANCE SHEETS
(In millions, except share data)
2008 2007
December 31,
LIABILITIES AND STOCKHOLDERS’ EQUITY
CURRENT LIABILITIES
Accounts payable ................................................. $ 144 $ 140
Air traffic liability ................................................ 445 426
Accrued salaries, wages and benefits .................................. 107 110
Other accrued liabilities ............................................ 113 120
Short-term borrowings ............................................. 120 43
Current maturities of long-term debt and capital leases ..................... 152 417
Total current liabilities ........................................... 1,081 1,256
LONG-TERM DEBT AND CAPITAL LEASE OBLIGATIONS .............. 2,883 2,588
CONSTRUCTION OBLIGATION .................................... 512 438
DEFERRED TAXES AND OTHER LIABILITIES
Deferred income taxes ............................................. 194 192
Other .......................................................... 92 88
286 280
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, 288,633,882 issued
and 271,763,139 outstanding in 2008 and 181,593,440 shares issued and
outstanding in 2007 ............................................. 3 2
Treasury stock, at cost; 16,878,876 shares ............................... — —
Additional paid-in capital ........................................... 1,256 853
Retained earnings................................................. 86 162
Accumulated other comprehensive income (loss), net of taxes . . . ............. (84) 19
Total stockholders’ equity ......................................... 1,261 1,036
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY ................. $6,023 $5,598
See accompanying notes to consolidated financial statements.
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