JETBLUE AIRWAYS CORP

For the period ended Mar 31, 2024. Filed Apr 25, 2024.

About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Mar 31, 2024 · Filed Apr 25, 2024

JBLU$4.00+1.5%Stored close · as of Nov 10, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

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Contents

Item 1. Financial Statements

	March 31, 2024	December 31, 2023
(unaudited)
ASSETS
CURRENT ASSETS
Cash and cash equivalents	$1,237	$1,166
Investment securities	326	401
Receivables, less allowance (2024 - $4; 2023 - $3)	362	336
Inventories, less allowance (2024 - $37; 2023 - $35)	111	109
Prepaid expenses and other	128	148
Total current assets	2,164	2,160
PROPERTY AND EQUIPMENT
Flight equipment	13,050	12,796
Pre-delivery deposits for flight equipment	389	393
Total flight equipment and pre-delivery deposits, gross	13,439	13,189
Less accumulated depreciation	3,974	4,021
Total flight equipment and pre-delivery deposits, net	9,465	9,168
Other property and equipment, gross	1,300	1,310
Less accumulated depreciation	821	803
Total other property and equipment, net	479	507
Total property and equipment, net	9,944	9,675
OPERATING LEASE ASSETS	571	593
OTHER ASSETS
Investment securities	145	163
Restricted cash	156	151
Intangible assets, net of accumulated amortization (2024 - $534; 2023 - $518)	383	349
Other	358	762
Total other assets	1,042	1,425
TOTAL ASSETS	$13,721	$13,853

CONSOLIDATED BALANCE SHEETS

(in millions, except per share data)

	March 31, 2024	December 31, 2023
(unaudited)
LIABILITIES AND STOCKHOLDERS’ EQUITY
CURRENT LIABILITIES
Accounts payable	$647	$641
Air traffic liability	1,723	1,463
Accrued salaries, wages and benefits	597	591
Other accrued liabilities	613	509
Current operating lease liabilities	112	117
Current maturities of long-term debt and finance lease obligations	330	307
Total current liabilities	4,022	3,628
LONG-TERM DEBT AND FINANCE LEASE OBLIGATIONS	4,682	4,409
LONG-TERM OPERATING LEASE LIABILITIES	528	547
DEFERRED TAXES AND OTHER LIABILITIES
Deferred income taxes	689	743
Air traffic liability - non-current	743	740
Other	424	449
Total deferred taxes and other liabilities	1,856	1,932
COMMITMENTS AND CONTINGENCIES (Note 6)
STOCKHOLDERS’ EQUITY
Preferred stock, $0.01 par value; 25 shares authorized, none issued	—	—
Common stock, $0.01 par value; 900 shares authorized, 500 and 499 shares issued and 340 and 339 shares outstanding at March 31, 2024 and December 31, 2023, respectively	5	5
Treasury stock, at cost; 160 and 159 shares at March 31, 2024 and December 31, 2023, respectively	(2,002)	(1,999)
Additional paid-in capital	3,233	3,221
Retained earnings	1,398	2,114
Accumulated other comprehensive loss	(1)	(4)
Total stockholders’ equity	2,633	3,337
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY	$13,721	$13,853

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.