JetBlue Airways Corporation (JBLU) Financial Statements (2023 and earlier)
Company Profile
| Business Address |
27-01 QUEENS PLAZA NORTH LONG ISLAND CITY, NY 11101 |
| State of Incorp. | DE |
| Fiscal Year End | March 31 |
| Industry (SIC) | 4512 - Air Transportation, Scheduled (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in millions)
| 3/31/2023 MRQ | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments, including: | 1,392 | 2,842 | 3,100 | 1,328 | 887 | 693 | |||
| Cash and cash equivalents | 1,042 | 2,018 | 1,918 | 959 | 474 | 303 | |||
| Short-term investments | 350 | 824 | 1,135 | 369 | 413 | 390 | |||
| Other undisclosed cash, cash equivalents, and short-term investments | 47 | ||||||||
| Receivables | 317 | 207 | 98 | 231 | 211 | 245 | |||
| Inventory, net of allowances, customer advances and progress billings | 87 | 74 | 71 | 81 | 78 | 55 | |||
| Inventory | 87 | 74 | 71 | 81 | 78 | 55 | |||
| Prepaid expense | 146 | 298 | 213 | ||||||
| Other undisclosed current assets | 120 | 124 | 76 | ||||||
| Total current assets: | 1,916 | 3,247 | 3,345 | 1,786 | 1,474 | 1,206 | |||
| Noncurrent Assets | |||||||||
| Finance lease, right-of-use asset, after accumulated amortization | 2 | 3 | 131 | ✕ | ✕ | ||||
| Operating lease, right-of-use asset | 660 | 729 | 804 | 912 | ✕ | ✕ | |||
| Property, plant and equipment | 1,314 | 1,205 | 1,202 | 8,614 | 8,315 | 8,049 | |||
| Long-term investments and receivables | 210 | 71 | 36 | 3 | 3 | 2 | |||
| Long-term investments | 210 | 71 | 36 | 3 | 3 | 2 | |||
| Intangible assets, net (including goodwill) | 298 | 284 | 261 | ||||||
| Intangible assets, net (excluding goodwill) | 298 | 284 | 261 | ||||||
| Restricted cash and investments | 146 | 59 | 51 | 59 | 59 | 56 | |||
| Other noncurrent assets | 706 | 470 | 544 | 544 | 575 | 468 | |||
| Other undisclosed noncurrent assets | 7,793 | 7,574 | 7,032 | ||||||
| Total noncurrent assets: | 11,129 | 10,395 | 10,061 | 10,132 | 8,952 | 8,575 | |||
| TOTAL ASSETS: | 13,045 | 13,642 | 13,406 | 11,918 | 10,426 | 9,781 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 1,516 | 1,338 | 989 | 1,072 | 1,074 | 984 | |||
| Employee-related liabilities | ✕ | ✕ | 480 | 409 | 376 | 313 | 313 | ||
| Accounts payable | 532 | 499 | 365 | 401 | 437 | 378 | |||
| Accrued liabilities | 984 | 359 | 215 | 295 | 324 | 293 | |||
| Deferred revenue | 1,581 | 1,618 | 1,122 | ✕ | ✕ | ||||
| Debt | 554 | 355 | 344 | 309 | 196 | ||||
| Deferred revenue and credits | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 1,215 | ||
| Other undisclosed current liabilities | 97 | 106 | 563 | 1,247 | 1,035 | ||||
| Total current liabilities: | 3,748 | 3,417 | 2,674 | 2,663 | 2,418 | 2,395 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation, including: | 3,093 | 3,651 | 4,413 | 1,990 | 1,361 | 1,003 | |||
| Capital lease obligations | ✕ | ✕ | ✕ | ✕ | ✕ | 90 | 107 | ||
| Finance lease, liability | 2 | 26 | 58 | ✕ | ✕ | ||||
| Other undisclosed long-term debt and lease obligation | 3,093 | 2,959 | 3,635 | 1,242 | 1,271 | 896 | |||
| Liabilities, other than long-term debt | 2,641 | 2,040 | 1,621 | 49 | 1,172 | 1,112 | |||
| Deferred revenue | 738 | 640 | 616 | ✕ | ✕ | ||||
| Asset retirement obligations | 5 | 5 | 5 | 7 | 4 | ||||
| Deferred tax liabilities, net | ✕ | ✕ | ✕ | ✕ | ✕ | 1,088 | 1,033 | ||
| Deferred income tax liabilities | 770 | 843 | 922 | ✕ | ✕ | ||||
| Other liabilities | 494 | 552 | 78 | 44 | 77 | 75 | |||
| Operating lease, liability | 639 | 690 | 752 | 690 | ✕ | ✕ | |||
| Other undisclosed noncurrent liabilities | 685 | 747 | 2,417 | 864 | 437 | ||||
| Total noncurrent liabilities: | 5,734 | 6,376 | 6,781 | 4,456 | 3,397 | 2,552 | |||
| Total liabilities: | 9,482 | 9,793 | 9,455 | 7,119 | 5,815 | 4,947 | |||
| Equity | |||||||||
| Equity, attributable to parent | 3,563 | 3,849 | 3,951 | 4,799 | 4,611 | 4,834 | |||
| Common stock | 5 | 5 | 5 | 4 | 4 | 4 | |||
| Treasury stock, value | (1,995) | (1,989) | (1,981) | (1,782) | (1,272) | (890) | |||
| Additional paid in capital | 3,129 | 3,047 | 2,959 | 2,253 | 2,203 | 2,127 | |||
| Accumulated other comprehensive income (loss) | 2 | (3) | |||||||
| Retained earnings | 2,424 | 2,786 | 2,968 | 4,322 | 3,679 | 3,593 | |||
| Total equity: | 3,563 | 3,849 | 3,951 | 4,799 | 4,611 | 4,834 | |||
| TOTAL LIABILITIES AND EQUITY: | 13,045 | 13,642 | 13,406 | 11,918 | 10,426 | 9,781 | |||
Income Statement (P&L) ($ in millions)
| 3/31/2023 TTM | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 9,158 | 6,037 | 2,957 | 8,094 | 7,658 | 7,015 | ||
| Revenue, net | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 7,015 | |
| Cost of revenue | (7,184) | (4,286) | (2,857) | (5,342) | (4,848) | (2,167) | ||
| Cost of goods and services sold | (3,763) | (2,163) | (1,074) | (2,420) | (2,422) | (1,860) | ||
| Gross profit: | 1,974 | 1,751 | 100 | 2,752 | 2,810 | 4,848 | ||
| Operating expenses | (2,272) | (1,831) | (1,814) | (1,952) | (2,522) | (3,848) | ||
| Operating income (loss): | (298) | (80) | (1,714) | 800 | 288 | 1,000 | ||
| Nonoperating expense | (139) | (183) | (179) | (32) | (69) | (79) | ||
| Investment income, nonoperating | (9) | 44 | 15 | |||||
| Other nonoperating expense | (3) | (52) | ||||||
| Interest and debt expense | (7) | (50) | (2) | (3) | (23) | (24) | ||
| Other undisclosed income from continuing operations before equity method investments, income taxes | 2 | 3 | 23 | 24 | ||||
| Income (loss) from continuing operations before equity method investments, income taxes: | (444) | (313) | (1,893) | 768 | 219 | 921 | ||
| Other undisclosed income from continuing operations before income taxes | 7 | 50 | ||||||
| Income (loss) from continuing operations before income taxes: | (437) | (263) | (1,893) | 768 | 219 | 921 | ||
| Income tax expense (benefit) | 75 | 81 | 539 | (199) | (31) | 226 | ||
| Income (loss) from continuing operations: | (362) | (182) | (1,354) | 569 | 188 | 1,147 | ||
| Income (loss) before gain (loss) on sale of properties: | ✕ | (182) | (1,354) | 569 | 188 | 1,147 | ||
| Net income (loss) available to common stockholders, diluted: | (362) | (182) | (1,354) | 569 | 188 | 1,147 | ||
Comprehensive Income ($ in millions)
| 3/31/2023 TTM | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | (362) | (182) | (1,354) | 569 | 188 | 1,147 | ||
| Other comprehensive income (loss) | (2) | 5 | (3) | (13) | ||||
| Other undisclosed comprehensive income | ||||||||
| Comprehensive income (loss), net of tax, attributable to parent: | (362) | (182) | (1,356) | 574 | 185 | 1,134 | ||
Statements Sources
The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.