JBLU FY 2010 Earnings Report — JetBlue Airways Corporation Revenue & Financial Results | Market Cap Arena

JetBlue Airways CorporationJBLU

FY 2010 Earnings

Reported February 25, 2011

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2010	Prior Q	FY 2009	QoQ Change	YoY Change
Revenue	$3.8B	—	$3.3B	—	15.0%
Op. Income	$333M	—	$279M	—	19.4%
Gross Margin	75.3%	—	77.0%	—	-1.7pp
Net Margin	2.6%	—	1.8%	—	0.8pp
EPS (Diluted)	$0.31	—	$0.20	—	55.0%
Free Cash Flow	$224M	—	$20M	—	1020.0%

Revenue Flow

Item	Amount
REVENUE	$3.8B
Cost of Revenue	$933M
GROSS PROFIT	$2.8B
R&D Expenses	$0
Selling & Marketing	$179M
General & Administrative	$891M
SG&A Expenses	$1.1B
Other Expenses	$735M
Operating Expenses	$1.8B
Cost & Expenses	$2.7B
OPERATING INCOME	$333M
Interest Income	$4M
Interest Expense	$176M
Other Income/Expenses	-$172M
INCOME BEFORE TAX	$161M
Income Tax Expense	$64M
Net Income from Continuing Ops	$97M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$97M
Net Income Deductions	$11M
BOTTOM LINE NET INCOME	$108M
D&A	$220M
EBIT	$337M
EBITDA	$557M
EPS	$0
EPS Diluted	$0

Income Statement

Item	Amount
REVENUE	$3.8B
Cost of Revenue	$933M
GROSS PROFIT	$2.8B
R&D Expenses	$0
Selling & Marketing	$179M
General & Administrative	$891M
SG&A Expenses	$1.1B
Other Expenses	$735M
Operating Expenses	$1.8B
Cost & Expenses	$2.7B
OPERATING INCOME	$333M
Interest Income	$4M
Interest Expense	$176M
Other Income/Expenses	-$172M
INCOME BEFORE TAX	$161M
Income Tax Expense	$64M
Net Income from Continuing Ops	$97M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$97M
Net Income Deductions	$11M
BOTTOM LINE NET INCOME	$108M
D&A	$220M
EBIT	$337M
EBITDA	$557M
EPS	$0
EPS Diluted	$0

Cash Flow Statement

Item	Amount
Net Income	$97M
Depreciation & Amortization	$230M
Stock-Based Compensation	$17M
Deferred Income Tax	$62M
Other Non-Cash Items	$28M
Change in Working Capital	$89M
OPERATING CASH FLOW	$523M
Capital Expenditure	-$299M
Acquisitions (Net)	-$249M
Purchases of Investments	-$1.9B
Sales/Maturities of Investments	$1.6B
Other Investing Activities	$236M
NET CASH FROM INVESTING	-$696M
Net Debt Issuance	-$263M
Common Stock Repurchased	$0
Common Dividends Paid	$0
Other Financing Activities	-$4M
NET CASH FROM FINANCING	-$258M
FREE CASH FLOW	$224M
Net Change in Cash	-$431M

Balance Sheet

Item	Amount
Cash & Equivalents	$465M
Short-Term Investments	$495M
Net Receivables	$84M
Inventory	$49M
Other Current Assets	$116M
TOTAL CURRENT ASSETS	$1.4B
PP&E (Net)	$4.6B
Goodwill	$0
Intangible Assets	$0
Long-Term Investments	$133M
Tax Assets	$327M
Other Non-Current Assets	$459M
TOTAL NON-CURRENT ASSETS	$5.2B
TOTAL ASSETS	$6.6B
Account Payables	$104M
Short-Term Debt	$183M
Deferred Revenue	$514M
Other Current Liabilities	$0
TOTAL CURRENT LIABILITIES	$1.1B
Long-Term Debt	$2.9B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$327M
Other Non-Current Liabilities	$677M
TOTAL NON-CURRENT LIABILITIES	$3.9B
TOTAL LIABILITIES	$4.9B
Common Stock	$3M
Additional Paid-In Capital	$1.4B
Retained Earnings	$219M
Treasury Stock	-$4M
Accum. Other Comp. Income	-$10M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$1.7B
Minority Interest	$0
TOTAL EQUITY	$1.7B
TOTAL LIABILITIES & EQUITY	$6.6B
Total Debt	$3.0B
Net Debt	$2.6B