JBLU FY 2009 Earnings Report — JetBlue Airways Corporation Revenue & Financial Results | Market Cap Arena

JetBlue Airways CorporationJBLU

FY 2009 Earnings

Reported February 5, 2010

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2009	Prior Q	FY 2008	QoQ Change	YoY Change
Revenue	$3.3B	—	$3.4B	—	-3.0%
Op. Income	$279M	—	$109M	—	156.0%
Gross Margin	77.0%	—	66.0%	—	11.0pp
Net Margin	1.8%	—	-2.2%	—	4.0pp
EPS (Diluted)	$0.20	—	$-0.33	—	160.6%
Free Cash Flow	$20M	—	-$720M	—	102.8%

Revenue Flow

Item	Amount
REVENUE	$3.3B
Cost of Revenue	$755M
GROSS PROFIT	$2.5B
R&D Expenses	$0
Selling & Marketing	$151M
General & Administrative	$776M
SG&A Expenses	$927M
Other Expenses	$647M
Operating Expenses	$1.6B
Cost & Expenses	$2.3B
OPERATING INCOME	$279M
Interest Income	$10M
Interest Expense	$197M
Other Income/Expenses	-$180M
INCOME BEFORE TAX	$99M
Income Tax Expense	$41M
Net Income from Continuing Ops	$58M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$58M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$58M
D&A	$228M
EBIT	$289M
EBITDA	$523M
EPS	$0
EPS Diluted	$0

Income Statement

Item	Amount
REVENUE	$3.3B
Cost of Revenue	$755M
GROSS PROFIT	$2.5B
R&D Expenses	$0
Selling & Marketing	$151M
General & Administrative	$776M
SG&A Expenses	$927M
Other Expenses	$647M
Operating Expenses	$1.6B
Cost & Expenses	$2.3B
OPERATING INCOME	$279M
Interest Income	$10M
Interest Expense	$197M
Other Income/Expenses	-$180M
INCOME BEFORE TAX	$99M
Income Tax Expense	$41M
Net Income from Continuing Ops	$58M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$58M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$58M
D&A	$228M
EBIT	$289M
EBITDA	$523M
EPS	$0
EPS Diluted	$0

Cash Flow Statement

Item	Amount
Net Income	$58M
Depreciation & Amortization	$234M
Stock-Based Compensation	$16M
Deferred Income Tax	$40M
Other Non-Cash Items	$234M
Change in Working Capital	-$96M
OPERATING CASH FLOW	$486M
Capital Expenditure	-$466M
Acquisitions (Net)	-$376M
Purchases of Investments	-$668M
Sales/Maturities of Investments	$661M
Other Investing Activities	$392M
NET CASH FROM INVESTING	-$457M
Net Debt Issuance	$149M
Common Stock Repurchased	$0
Common Dividends Paid	$0
Other Financing Activities	$37M
NET CASH FROM FINANCING	$306M
FREE CASH FLOW	$20M
Net Change in Cash	$335M

Balance Sheet

Item	Amount
Cash & Equivalents	$896M
Short-Term Investments	$240M
Net Receivables	$81M
Inventory	$40M
Other Current Assets	$134M
TOTAL CURRENT ASSETS	$1.5B
PP&E (Net)	$4.6B
Goodwill	$0
Intangible Assets	$0
Long-Term Investments	$6M
Tax Assets	$259M
Other Non-Current Assets	$372M
TOTAL NON-CURRENT ASSETS	$5.0B
TOTAL ASSETS	$6.6B
Account Payables	$93M
Short-Term Debt	$384M
Deferred Revenue	$237M
Other Current Liabilities	$455M
TOTAL CURRENT LIABILITIES	$1.2B
Long-Term Debt	$2.9B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$259M
Other Non-Current Liabilities	$667M
TOTAL NON-CURRENT LIABILITIES	$3.8B
TOTAL LIABILITIES	$5.0B
Common Stock	$3M
Additional Paid-In Capital	$1.4B
Retained Earnings	$118M
Treasury Stock	-$2M
Accum. Other Comp. Income	$1M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$1.5B
Minority Interest	$0
TOTAL EQUITY	$1.5B
TOTAL LIABILITIES & EQUITY	$6.6B
Total Debt	$3.3B
Net Debt	$2.4B