JetBlue Airlines 2011 Annual Report Download - page 61
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JETBLUE AIRWAYS CORPORATION
CONSOLIDATED BALANCE SHEETS
(In millions, except share data)
December 31,
2011 2010
LIABILITIES AND STOCKHOLDERS’ EQUITY
CURRENT LIABILITIES
Accounts payable ........................................................... $ 148 $ 104
Air traffic liability ........................................................... 627 514
Accrued salaries, wages and benefits ............................................ 152 147
Other accrued liabilities ...................................................... 199 145
Short-term borrowings ....................................................... 88 —
Current maturities of long-term debt and capital leases .............................. 198 183
Total current liabilities ..................................................... 1,412 1,093
LONG-TERM DEBT AND CAPITAL LEASE OBLIGATIONS ..................... 2,850 2,850
CONSTRUCTION OBLIGATION .............................................. 526 533
DEFERRED TAXES AND OTHER LIABILITIES
Deferred income taxes ........................................................ 392 327
Other ..................................................................... 134 136
526 463
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 shares authorized, 326,589,018 and
322,272,207 shares issued and 281,777,919 and 294,687,308 shares outstanding in 2011
and 2010, respectively ...................................................... 3 3
Treasury stock, at cost; 44,811,710 and 27,585,367 shares in 2011 and 2010,
respectively .............................................................. (8) (4)
Additional paid-in capital ..................................................... 1,472 1,446
Retained earnings ........................................................... 305 219
Accumulated other comprehensive income (loss), net of taxes ........................ (15) (10)
Total stockholders’ equity ................................................... 1,757 1,654
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY ......................... $7,071 $6,593
See accompanying notes to consolidated financial statements.
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