JETBLUE AIRWAYS CORP
Consolidated Balance Sheets
(In thousands)

 
   December 31,
 
   2002   2001
ASSETS

CURRENT ASSETS
 
 
 
 
 
 
  Cash and cash equivalents   $ 246,752   $ 117,522
  Short-term investments     11,101     —
  Receivables, less allowance (2002—$1,648; 2001—$801)     11,931     20,791
  Inventories, less allowance (2002—$161; 2001—$60)     4,840     2,210
  Deferred income taxes     2,846     —
  Prepaid expenses and other     5,589     3,742
      Total current assets     283,059     144,265

PROPERTY AND EQUIPMENT
 
 
 
 
 
 
  Flight equipment     869,101     364,681
  Predelivery deposits for flight equipment     112,934     125,010
      982,035     489,691
  Less accumulated depreciation     28,203     9,523
      953,832     480,168
 
Other property and equipment
 
 
53,098
 
 
29,023
  Less accumulated depreciation     9,769     4,313
      43,329     24,710
      Total property and equipment     997,161     504,878

OTHER ASSETS
 
 
 
 
 
 
  Purchased technology, net     68,278     3,500
  Other     30,425     21,130
      Total other assets     98,703     24,630

TOTAL ASSETS
 
$
1,378,923
 
$
673,773
 
LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT)  

CURRENT LIABILITIES
 
 
 
 
 
 
 
  Accounts payable   $ 46,042   $ 24,549  
  Air traffic liability     97,534     51,566  
  Accrued salaries, wages and benefits     37,140     18,265  
  Other accrued liabilities     16,515     15,980  
  Short-term borrowings     21,679     28,781  
  Current maturities of long-term debt     50,754     54,985  
      Total current liabilities     269,664     194,126  

LONG-TERM DEBT
 
 
639,498
 
 
290,665
 

DEFERRED CREDITS AND OTHER LIABILITIES
 
 
 
 
 
 
 
  Deferred income taxes     38,545     3,373  
  Other     16,543     7,335  
      55,088     10,708  

CONVERTIBLE REDEEMABLE PREFERRED STOCK
 
 
—
 
 
210,441
 

COMMITMENTS AND CONTINGENCIES
 
 
 
 
 
 
 

STOCKHOLDERS' EQUITY (DEFICIT)
 
 
 
 
 
 
 
  Preferred stock, $.01 par value; 25,000,000 shares authorized, none issued     —     —  
  Common stock, $.01 par value; 500,000,000 and 58,300,000 shares authorized in 2002 and 2001, respectively; 63,758,412 and 6,545,950 shares issued and outstanding in 2002 and 2001, respectively     638     65  
  Additional paid-in capital     407,471     3,868  
  Retained earnings (accumulated deficit)     15,791     (33,117 )
  Unearned compensation     (9,414 ) (2,983 )
  Accumulated other comprehensive income     187     —  
      Total stockholders' equity (deficit)     414,673     (32,167 )

TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT)
 
$
1,378,923
 
$
673,773
 

See accompanying notes to consolidated financial statements.

To download this table in Microsoft Excel format, click on the link below.

  Consolidated Balance Sheets