JetBlue Airlines 2010 Annual Report Download - page 54

Download and view the complete annual report

Please find page 54 of the 2010 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 122

  • 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
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122

JETBLUE AIRWAYS CORPORATION
CONSOLIDATED BALANCE SHEETS
(In millions, except share data)
2010 2009
December 31,
LIABILITIES AND STOCKHOLDERS’ EQUITY
CURRENT LIABILITIES
Accounts payable ..................................................... $ 104 $ 93
Air traffic liability ..................................................... 514 443
Accrued salaries, wages and benefits ....................................... 147 121
Other accrued liabilities ................................................. 137 116
Current maturities of long-term debt and capital leases .......................... 183 384
Total current liabilities . . . ............................................. 1,085 1,157
LONG-TERM DEBT AND CAPITAL LEASE OBLIGATIONS................... 2,850 2,920
CONSTRUCTION OBLIGATION ......................................... 533 529
DEFERRED TAXES AND OTHER LIABILITIES
Deferred income taxes .................................................. 327 259
Other .............................................................. 144 138
471 397
COMMITMENTS AND CONTINGENCIES
STOCKHOLDERS’ EQUITY
Preferred stock, $.01 par value; 25,000,000 shares authorized, none issued ........... —
Common stock, $.01 par value; 900,000,000 and 500,000,000 shares authorized,
322,272,207 and 318,592,283 shares issued and 294,687,308 and 291,490,758 shares
outstanding in 2010 and 2009, respectively ................................. 3 3
Treasury stock, at cost; 27,585,367 and 27,102,136 shares in 2010 and 2009,
respectively ........................................................ (4) (2)
Additional paid-in capital . . ............................................. 1,446 1,422
Retained earnings ..................................................... 219 122
Accumulated other comprehensive income (loss), net of taxes..................... (10) 1
Total stockholders’ equity ............................................. 1,654 1,546
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY ...................... $6,593 $6,549
See accompanying notes to consolidated financial statements.
45