JetBlue Airlines 2015 Annual Report Download - page 46

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JETBLUE AIRWAYS CORPORATION-2015Annual Report42
PART II
ITEM 8Financial Statements and Supplementary Data
JetBlue Airways Corporation
Consolidated Statements of Operations
(in millions, except per share amounts)
Years Ended December 31,
2015 2014 2013
OPERATING REVENUES
Passenger $ 5,893 $ 5,343 $ 4,971
Other 523 474 470
Total operating revenues 6,416 5,817 5,441
OPERATING EXPENSES
Aircraft fuel and related taxes 1,348 1,912 1,899
Salaries, wages and benefits 1,540 1,294 1,135
Landing fees and other rents 342 321 305
Depreciation and amortization 345 320 290
Aircraft rent 122 124 128
Sales and marketing 264 231 223
Maintenance, materials and repairs 490 418 432
Other operating expenses 749 682 601
Total operating expenses 5,200 5,302 5,013
OPERATING INCOME 1,216 515 428
OTHER INCOME (EXPENSE)
Interest expense (128) (148) (161)
Capitalized interest 8 14 13
Interest income (expense) and other 1 1 (1)
Gain on sale of subsidiary — 241 —
Total other income (expense) (119) 108 (149)
INCOME BEFORE INCOME TAXES 1,097 623 279
Income tax expense 420 222 111
NET INCOME $ 677 $ 401 $ 168
EARNINGS PER COMMON SHARE
Basic $ 2.15 $ 1.36 $ 0.59
Diluted $ 1.98 $ 1.19 $ 0.52
See accompanying notes to consolidated financial statements.