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JETBLUE AIRWAYS CORPORATION-2013Annual Report 41
PART II
ITEM 8Financial Statements and Supplementary Data
JetBlue Airways Corporation
ConsolidatedBalance Sheets
(in millions, except share data)
December 31,
2013 2012
LIABILITIES AND STOCKHOLDERS’ EQUITY
CURRENT LIABILITIES
Accounts payable $ 180 $ 153
Air traffic liability 825 693
Accrued salaries, wages and benefits 171 172
Other accrued liabilities 229 196
Current maturities of long-term debt and capital leases 469 394
Total current liabilities 1,874 1,608
LONG-TERM DEBT AND CAPITAL LEASE OBLIGATIONS 2,116 2,457
CONSTRUCTION OBLIGATION 501 514
DEFERRED TAXES AND OTHER LIABILITIES
Deferred income taxes 605 481
Other 120 122
Total non-current liabilities 725 603
COMMITMENTS AND CONTINGENCIES
STOCKHOLDERS’ EQUITY
Preferred stock, $0.01 par value; 25,000,000 shares authorized, none issued — —
Common stock, $0.01 par value; 900,000,000 shares authorized, 346,489,574 and 330,589,532 shares
issued and 295,587,126 and 281,007,806 shares outstanding at 2013 and 2012, respectively 3 3
Treasury stock, at cost; 50,902,448 and 49,581,726 shares at 2013 and 2012, respectively (43) (35)
Additional paid-in capital 1,573 1,495
Retained earnings 601 433
Accumulated other comprehensive loss — (8)
Total stockholders’ equity 2,134 1,888
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 7,350 $ 7,070
See accompanying notes to consolidated financial statements.