JETBLUE AIRWAYS CORP JBLU Balance Sheet

Jetblue airways corp (JBLU)

Balance Sheet / TTM

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Dec'10	Sep'10	Jun'10	Dec'09
Inventory Valuation Reserves
-	-	-	-	19	-	16	15	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Allowance for Doubtful Accounts Receivable, Current
-	-	-	-	-	-	-	-	-	-	1	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
ASSETS
CURRENT ASSETS
Cash and cash equivalents
1,618	959	695	461	464	474	454	603	511	303	394	550	438	433	873	935	757	318	544	422	599	341	449	454	501	225	373	333	346	182	542	652	652	673	632	575	550	465	498	477	896
Investment securities
181	369	299	448	412	413	483	312	268	390	420	470	608	538	581	575	530	558	588	493	399	367	293	343	270	402	581	534	503	549	522	560	573	553	578	598	559	495	447	513	240
Receivables, less allowance (2020-$2; 2019-$1)
101	231	251	282	338	211	243	225	251	245	186	178	169	172	145	153	145	136	149	144	155	136	145	155	133	129	120	160	141	106	137	129	138	101	99	114	126	84	93	95	81
Inventory, Net
81	81	84	85	86	78	75	77	-	55	-	-	-	47	-	-	-	44	-	-	-	46	-	-	-	48	-	-	-	36	-	-	-	50	-	-	-	49	-	-	40
Restricted cash
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	3	3	7	9	13
Deferred income taxes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	6	-	-	-	1	-	-	-	5	-	-	-	27	-	-	43
Deferred income taxes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	145	-	-	-	174	-	-	-	120	-	-	-	107	-	-	-	99	-	-	-	89	-	-	74
Prepaid expenses and other
213	146	131	193	221	212	252	231	290	213	323	251	254	213	409	415	342	172	345	346	358	136	328	313	452	126	308	298	296	119	286	284	301	147	303	275	311	148	262	260	147
Total current assets
2,194	1,786	1,460	1,469	1,521	1,388	1,507	1,448	1,320	1,206	1,323	1,449	1,469	1,403	2,008	2,078	1,774	1,373	1,626	1,405	1,511	1,200	1,215	1,265	1,356	1,056	1,382	1,325	1,286	1,100	1,487	1,625	1,664	1,628	1,612	1,562	1,549	1,360	1,307	1,354	1,534
PROPERTY AND EQUIPMENT
Flight equipment
10,526	10,332	9,927	9,814	9,607	9,525	9,176	9,011	9,149	8,980	8,569	8,393	8,115	7,868	7,522	7,334	7,204	7,079	6,719	6,597	6,360	6,233	6,019	5,873	5,752	5,778	5,532	5,388	5,217	5,168	4,979	4,972	4,827	4,719	4,615	4,517	4,442	4,320	4,296	4,244	4,170
Predelivery deposits for flight equipment
454	433	440	408	349	293	260	208	218	204	230	233	236	223	212	172	172	171	180	176	205	207	220	212	197	181	219	335	345	338	167	137	149	154	168	166	162	178	163	155	139
Flight Equipment, gross plus deposits
10,980	10,765	10,367	10,222	9,956	9,818	9,436	9,219	9,367	9,184	8,799	8,626	8,351	8,091	7,734	7,506	7,376	7,250	6,899	6,773	6,565	6,440	6,239	6,085	5,949	5,959	5,751	5,723	5,562	5,506	5,146	5,109	4,976	4,873	4,783	4,683	4,604	4,498	4,459	4,399	4,309
Less accumulated depreciation
2,853	2,768	2,693	2,609	2,528	2,448	2,366	2,287	2,206	2,125	2,047	1,971	1,896	1,823	1,768	1,700	1,637	1,573	1,516	1,459	1,406	1,354	1,303	1,252	1,203	1,185	1,135	1,086	1,040	995	952	909	864	827	788	753	715	679	643	608	540
Flight Equipment, Net
8,127	7,997	7,674	7,613	7,428	7,370	7,070	6,932	7,161	7,059	6,752	6,655	6,455	6,268	5,966	5,806	5,739	5,677	5,383	5,314	5,159	5,086	4,936	4,833	4,746	4,774	4,616	4,637	4,522	4,511	4,194	4,200	4,112	4,046	3,995	3,930	3,889	3,819	3,816	3,791	3,769
Other property and equipment
1,171	1,145	1,130	1,102	1,080	1,074	1,049	1,059	1,049	1,041	1,017	999	992	972	940	916	895	868	857	859	848	816	794	771	717	688	661	615	595	585	591	577	551	531	510	500	491	491	484	500	515
Less accumulated depreciation
547	528	511	494	476	461	448	432	419	405	387	369	360	345	335	319	306	293	286	276	263	252	252	260	250	251	244	234	229	221	232	223	214	207	200	192	185	178	172	164	169
Property plant and equipment other net
624	617	619	608	604	613	601	627	630	636	630	630	632	627	605	597	589	575	571	583	585	564	542	511	467	437	417	381	366	364	359	354	337	324	310	308	306	313	312	336	346
Assets constructed for others
-	-	-	-	-	-	561	561	561	561	561	561	561	561	561	561	561	561	561	561	561	561	561	561	561	561	561	561	561	561	561	561	561	561	559	559	558	558	557	554	549
Less accumulated depreciation
-	-	-	-	-	-	224	218	213	207	201	196	190	185	179	173	167	161	155	150	144	139	133	127	122	116	110	105	99	93	88	82	77	71	65	60	54	49	43	38	26
Asset constructed for others net
-	-	-	-	-	-	337	343	348	354	360	365	371	376	382	388	394	400	406	411	417	422	428	434	439	445	451	456	462	468	473	479	484	490	494	499	504	509	514	516	523
Total property and equipment, net
8,751	8,614	8,293	8,221	8,032	7,983	8,008	7,902	8,139	8,049	7,742	7,650	7,458	7,271	6,953	6,791	6,722	6,652	6,360	6,308	6,161	6,072	5,906	5,778	5,652	5,656	5,484	5,474	5,350	5,343	5,026	5,033	4,933	4,860	4,799	4,737	4,699	4,641	4,642	4,643	4,638
Operating Lease, Right-of-Use Asset
761	912	974	998	1,028	1,056	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
OTHER ASSETS
Investment securities
3	3	5	4	3	3	1	2	2	2	0	0	0	90	55	30	0	49	47	56	98	60	122	127	97	114	86	76	98	136	150	0	0	38	29	133	126	133	219	169	6
Restricted Cash and Cash Equivalents, Noncurrent
59	59	62	61	57	59	59	59	60	56	60	60	61	62	68	66	66	63	66	62	62	61	64	62	60	57	53	50	51	51	55	55	65	67	64	65	63	65	62	61	64
Other
572	544	525	483	474	470	572	529	506	468	471	485	485	497	495	493	500	507	495	486	472	446	434	425	480	467	439	443	449	440	423	419	481	478	407	411	406	394	379	354	307
Total other assets
634	606	592	548	534	532	632	590	568	526	531	545	546	649	618	589	566	619	608	604	632	567	620	614	637	638	578	569	598	627	628	474	546	583	500	609	595	592	660	584	377
TOTAL ASSETS
12,340	11,918	11,319	11,236	11,115	10,959	10,147	9,940	10,027	9,781	9,596	9,644	9,473	9,323	9,579	9,458	9,062	8,644	8,594	8,317	8,304	7,839	7,741	7,657	7,645	7,350	7,444	7,368	7,234	7,070	7,141	7,132	7,143	7,071	6,911	6,908	6,843	6,593	6,609	6,581	6,549
LIABILITIES AND STOCKHOLDERS’ EQUITY
CURRENT LIABILITIES
Accounts payable
422	401	465	504	482	437	490	417	451	378	295	294	270	242	267	341	260	205	264	266	248	208	196	210	188	180	176	176	181	153	139	174	132	148	116	102	109	104	117	115	93
Air traffic liability
1,231	1,119	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Air traffic liability
-	-	1,199	1,290	1,279	1,035	1,113	1,193	1,185	966	1,262	1,351	1,335	1,120	1,141	1,193	1,157	1,053	1,101	1,136	1,139	973	1,021	1,028	1,007	825	851	902	833	693	719	773	794	627	677	705	668	514	532	579	443
Accrued salaries, wages and benefits
379	376	356	335	320	313	336	264	269	313	288	271	256	342	349	297	263	302	307	247	210	203	180	162	164	171	159	146	141	172	165	148	127	152	142	138	124	147	148	122	121
Other accrued liabilities
190	295	290	352	367	298	295	345	359	293	282	354	364	321	309	336	346	267	315	308	342	287	244	256	309	229	211	251	232	196	182	216	221	199	168	175	182	145	131	140	116
Operating Lease, Liability, Current
91	128	133	133	135	133	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Short-term Debt
983	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	52	2	0	88	-	-	-	0	-	-	-
Current maturities of long-term debt and finance lease obligations
326	344	316	275	268	309	278	230	248	196	224	228	197	189	439	446	448	448	238	229	264	265	274	278	307	469	636	647	575	394	268	265	205	198	193	190	188	183	184	220	384
Total current liabilities
3,622	2,663	2,759	2,889	2,851	2,525	2,512	2,449	2,512	2,146	2,351	2,498	2,422	2,214	2,505	2,613	2,474	2,275	2,225	2,186	2,203	1,936	1,915	1,934	1,975	1,874	2,033	2,122	1,962	1,608	1,525	1,578	1,479	1,412	1,296	1,310	1,271	1,093	1,112	1,176	1,157
LONG-TERM DEBT AND FINANCE LEASE OBLIGATIONS
1,908	1,990	1,320	1,217	1,271	1,361	1,290	1,128	895	1,003	1,031	1,077	1,140	1,195	1,250	1,300	1,332	1,379	1,744	1,803	1,917	1,968	2,088	2,108	2,332	2,116	2,206	2,173	2,251	2,457	2,603	2,626	2,798	2,850	2,864	2,893	2,890	2,850	2,880	2,896	2,920
Operating Lease, Liability, Noncurrent
709	690	739	753	773	798	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
CONSTRUCTION OBLIGATION
-	-	-	-	-	-	428	432	436	441	445	449	453	457	461	465	469	472	476	480	484	487	491	494	498	501	504	508	511	514	517	520	520	526	527	526	531	533	531	530	529
DEFERRED TAXES AND OTHER LIABILITIES
Deferred income taxes
1,213	1,251	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Air traffic liability - loyalty non-current
478	481	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deferred income taxes
-	-	1,199	1,158	1,123	1,112	998	963	1,014	999	1,555	1,457	1,379	1,354	1,423	1,341	1,276	1,218	1,040	961	897	832	769	712	607	605	559	512	489	481	471	442	409	392	368	348	329	327	317	279	259
Frequent Flier Liability, Noncurrent
-	-	494	470	458	447	435	413	398	385	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other
44	44	44	52	32	31	70	74	75	75	75	83	87	90	94	95	97	90	92	94	94	87	92	94	97	120	124	121	124	122	122	125	136	134	149	141	145	136	140	138	138
Total deferred taxes and other liabilities
1,735	1,776	1,737	1,680	1,613	1,590	1,503	1,450	1,487	1,459	1,630	1,540	1,466	1,444	1,517	1,436	1,373	1,308	1,132	1,055	991	919	861	806	704	725	683	633	613	603	593	567	545	526	517	489	474	463	457	417	397
COMMITMENTS AND CONTINGENCIES (Notes 11 & 12)
-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	0	-	-	-	0	-	-	-	0	-	-	-	0	-	-	-	-	-	-	-	0	-	-	-
STOCKHOLDERS’ EQUITY
Preferred stock, $0.01 par value; 25 shares authorized, none issued
0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Common stock, $0.01 par value; 900 shares authorized, 428 and 427 shares issued and 270 and 282 shares outstanding at March 31, 2020 and December 31, 2019, respectively
4	4	4	4	4	4	4	4	4	4	4	4	4	4	4	4	4	4	4	4	4	4	4	4	3	3	3	3	3	3	3	3	3	3	3	3	3	3	3	3	3
Treasury stock, at cost; 158 and 145 shares at March 31, 2020 and December 31, 2019, respectively
1,980	1,782	1,628	1,503	1,377	1,272	1,272	1,122	1,021	890	890	729	590	500	380	380	379	366	289	259	138	125	125	113	50	43	42	42	42	35	12	11	11	8	8	7	7	4	4	4	2
Additional paid-in capital
2,294	2,253	2,228	2,221	2,186	2,203	2,170	2,139	2,134	2,127	2,100	2,063	2,041	2,050	1,955	1,946	1,914	1,896	1,831	1,781	1,754	1,711	1,605	1,585	1,580	1,573	1,508	1,504	1,497	1,495	1,488	1,485	1,477	1,472	1,464	1,460	1,450	1,446	1,438	1,434	1,422
Retained earnings
4,054	4,322	4,161	3,974	3,795	3,753	3,511	3,460	3,580	3,491	2,921	2,742	2,532	2,446	2,257	2,058	1,878	1,679	1,489	1,291	1,139	1,002	914	835	605	601	554	483	447	433	432	387	335	305	282	247	222	219	211	152	122
Accumulated Other Comprehensive Income (Loss), Net of Tax
-6	2	-1	1	-1	-3	1	0	0	0	4	0	5	13	10	16	-3	-3	-18	-24	-50	-63	-12	4	-2	0	-5	-16	-8	-8	-8	-23	-3	-15	-34	-13	9	-10	-19	-23	1
Total stockholders’ equity
4,366	4,799	4,764	4,697	4,607	4,685	4,414	4,481	4,697	4,732	4,139	4,080	3,992	4,013	3,846	3,644	3,414	3,210	3,017	2,793	2,709	2,529	2,386	2,315	2,136	2,134	2,018	1,932	1,897	1,888	1,903	1,841	1,801	1,757	1,707	1,690	1,677	1,654	1,629	1,562	1,546
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY
12,340	11,918	11,319	11,236	11,115	10,959	10,147	9,940	10,027	9,781	9,596	9,644	9,473	9,323	9,579	9,458	9,062	8,644	8,594	8,317	8,304	7,839	7,741	7,657	7,645	7,350	7,444	7,368	7,234	7,070	7,141	7,132	7,143	7,071	6,911	6,908	6,843	6,593	6,609	6,581	6,549