JetBlue Airlines 2008 Annual Report Download - page 55

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JETBLUE AIRWAYS CORPORATION
CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ EQUITY
(In millions)
Common
Shares
Common
Stock
Treasury
Shares
Treasury
Stock
Additional
Paid-In
Capital
Retained
Earnings
Accumulated
Other
Comprehensive
Income (Loss) Total
Balance at December 31, 2005 . . . . . . . . . . 173 $ 2 — $ — $ 764 $145 $ — $ 911
Net loss . . . . . . . . . . . . . . . . . . . . . . . — — — — — (1) — (1)
Change in fair value of derivatives, net of
$5 in taxes . . . . . . . . . . . . . . . . . . . . — — — — — — (7) (7)
Total comprehensive loss . . . . . . . . . . . . . (8)
Exercise of common stock options . . . . . . . 3 — — — 11 — — 11
Stock compensation expense . . . . . . . . . . . — — — — 21 — — 21
Stock issued under crewmember stock
purchase plan . . . . . . . . . . . . . . . . . . . 2 — — — 17 — — 17
Balance at December 31, 2006 . . . . . . . . . . 178 2 — — 813 144 (7) 952
Net income . . . . . . . . . . . . . . . . . . . . . — — — — — 18 — 18
Reclassification into earnings, net of $5
in taxes . . . . . . . . . . . . . . . . . . . . . . — — — — — — 7 7
Change in fair value of derivatives, net of
$13 in taxes . . . . . . . . . . . . . . . . . . . — — — — — — 19 19
Total comprehensive loss . . . . . . . . . . . . . 44
Exercise of common stock options . . . . . . . 2 — — — 8 — — 8
Stock compensation expense . . . . . . . . . . . — — — — 14 — — 14
Stock issued under crewmember stock
purchase plan . . . . . . . . . . . . . . . . . . . 2 — — — 18 — — 18
Balance at December 31, 2007 . . . . . . . . . . 182 2 — — 853 162 19 1,036
Net income . . . . . . . . . . . . . . . . . . . . . — — — — — (76) — (76)
Cash flow hedges
Unrealized losses, net of $47 in taxes . . . — — — — — — (72) (72)
Reclassifications into earnings, net of $21
in taxes . . . . . . . . . . . . . . . . . . . . . . — — — — — — (31) (31)
(103) (103)
Investment securities
Unrealized losses, net of $5 in taxes . . . . — — — — — — (8) (8)
Reclassifications into earnings, net of $5
in taxes . . . . . . . . . . . . . . . . . . . . . . — — — — — — 8 8
——
Total comprehensive loss . . . . . . . . . . . . . (179)
Exercise of common stock options . . . . . . . 1 — — — 1 — — 1
Stock compensation expense . . . . . . . . . . . — — — — 16 — — 16
Stock issued under crewmember stock
purchase plan . . . . . . . . . . . . . . . . . . . 2 — — — 9 — — 9
Proceeds from secondary offering, net of
offering expenses . . . . . . . . . . . . . . . . . 43 — — — 301 — — 301
Shares loaned under 2008 Share Lending
Agreement . . . . . . . . . . . . . . . . . . . . . 44 1 — — — — — 1
Conversions of 2008 Series A and B
convertible notes . . . . . . . . . . . . . . . . . 17 — — — 76 — — 76
Shares returned pursuant to 2008 share
lending . . . . . . . . . . . . . . . . . . . . . . . . — — 17 — — — — —
Balance at December 31, 2008 . . . . . . . . . . 289 $ 3 17 $ — $1,256 $ 86 $ (84) $1,261
See accompanying notes to consolidated financial statements.
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