JETBLUE AIRWAYS CORP
For the period ended Dec 31, 2024. Filed Feb 14, 2025.
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FY2024 · Filed Feb 14, 2025
JBLU$4.00+1.5%Stored close · as of Nov 10, 2026
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Item 8. Consolidated Statements of Cash Flows
CONSOLIDATED STATEMENTS OF CASH FLOWS
| Years Ended December 31, | |||
|---|---|---|---|
| 2024 | 2023 | 2022 | |
| CASH FLOWS FROM OPERATING ACTIVITIES | |||
| Net loss | $(795) | $(310) | $(362) |
| Adjustments to reconcile net loss to net cash provided by operating activities: | |||
| Deferred income taxes | (110) | (27) | (73) |
| Depreciation and amortization | 655 | 621 | 585 |
| Special items, non-cash | 450 | — | 52 |
| Gain on debt extinguishments | (22) | — | — |
| Stock-based compensation | 39 | 39 | 30 |
| Gain on sale-leaseback transactions | (17) | — | — |
| Unrealized (gains) losses on investments | 21 | — | 12 |
| Changes in certain operating assets and liabilities: | |||
| Decrease (increase) in receivables | 4 | (3) | (111) |
| Decrease in inventories, prepaid and other | 2 | 67 | 201 |
| Increase (decrease) in air traffic liability | (10) | (145) | 30 |
| Increase (decrease) in accounts payable and other accrued liabilities | (28) | 141 | 26 |
| Other, net | (45) | 17 | (11) |
| Net cash provided by operating activities | 144 | 400 | 379 |
| CASH FLOWS FROM INVESTING ACTIVITIES | |||
| Capital expenditures | (1,478) | (1,128) | (767) |
| Pre-delivery deposits for flight equipment | (141) | (78) | (156) |
| Purchase of held-to-maturity investments | (752) | (69) | (142) |
| Proceeds from the maturities of held-to-maturity investments | 582 | 12 | 2 |
| Purchase of available-for-sale securities | (1,778) | (474) | (473) |
| Proceeds from the sale of available-for-sale securities | 487 | 489 | 934 |
| Payment for Spirit Airlines acquisition | (22) | (131) | (297) |
| Proceeds from the sale of assets and sale-leaseback transactions | 30 | 12 | — |
| Other, net | (8) | (11) | (9) |
| Net cash used in investing activities | (3,080) | (1,378) | (908) |
| CASH FLOWS FROM FINANCING ACTIVITIES | |||
| Proceeds from issuance of long-term debt, net of issuance costs | 3,793 | 78 | — |
| Proceeds from failed sale-leaseback transactions | 668 | 1,331 | — |
| Proceeds from issuance of common stock | 60 | 53 | 52 |
| Repayment of long-term debt and finance lease obligations | (748) | (347) | (369) |
| Acquisition of treasury stock | (6) | (4) | (6) |
| Other, net | — | (4) | (37) |
| Net cash provided by (used in) financing activities | 3,767 | 1,107 | (360) |
| INCREASE (DECREASE) IN CASH, CASH EQUIVALENTS, RESTRICTED CASH AND RESTRICTED CASH EQUIVALENTS | 831 | 129 | (889) |
| Cash, cash equivalents, restricted cash and restricted cash equivalents at beginning of period | 1,317 | 1,188 | 2,077 |
| Cash, cash equivalents, restricted cash and restricted cash equivalents at end of period (1) | $2,148 | $1,317 | $1,188 |
| SUPPLEMENTAL CASH FLOW INFORMATION | |||
| Cash payments for interest, net | $(230) | $(80) | $(124) |
| Cash proceeds (payments) for income taxes, net | (2) | 49 | 45 |
| NON-CASH TRANSACTIONS | |||
| Operating lease assets acquired under operating leases | $58 | $46 | $31 |
| Flight equipment acquired under finance leases | 122 | — | — |
| (1) Refer to the table below for a reconciliation of cash, cash equivalents, restricted cash and restricted cash equivalents. | |||
| JETBLUE AIRWAYS CORPORATION | |||
|---|---|---|---|
| CONSOLIDATED STATEMENTS OF CASH FLOWS (CONTINUED) | |||
| (in millions) | |||
| December 31, | |||
| 2024 | 2023 | 2022 | |
| Cash and cash equivalents | $1,921 | $1,166 | $1,042 |
| Restricted cash and cash equivalents (2) | 227 | 151 | 146 |
| Total cash, cash equivalents, restricted cash, and restricted cash equivalents | $2,148 | $1,317 | $1,188 |
(2)Restricted cash and cash equivalents primarily consists ofprincipal and interest payments held as a reserve associated with the financing of the TrueBlue®program, and letters of credit.
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