JetBlue Airlines 2014 Annual Report Download - page 47

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JETBLUE AIRWAYS CORPORATION-2014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,
2014 2013
LIABILITIES AND STOCKHOLDERS’ EQUITY
CURRENT LIABILITIES
Accounts payable $ 208 $ 180
Air traffic liability 973 825
Accrued salaries, wages and benefits 203 171
Other accrued liabilities 287 229
Current maturities of long-term debt and capital leases 265 469
Total current liabilities 1,936 1,874
LONG-TERM DEBT AND CAPITAL LEASE OBLIGATIONS 1,968 2,116
CONSTRUCTION OBLIGATION 487 501
DEFERRED TAXES AND OTHER LIABILITIES
Deferred income taxes 832 605
Other 87 120
Total non-current liabilities 919 725
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, 368,883,960 and 346,489,574 shares
issued and 309,871,309 and 295,587,126 shares outstanding at 2014 and 2013, respectively 4 3
Treasury stock, at cost; 59,012,651 and 50,902,448 shares at 2014 and 2013, respectively (125) (43)
Additional paid-in capital 1,711 1,573
Retained earnings 1,002 601
Accumulated other comprehensive loss (63) —
Total stockholders’ equity 2,529 2,134
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 7,839 $ 7,350
See accompanying notes to consolidated financial statements.