JBLU FY 2011 Earnings Report — JetBlue Airways Corporation Revenue & Financial Results | Market Cap Arena

JetBlue Airways CorporationJBLU

FY 2011 Earnings

Reported February 28, 2012

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2011	Prior Q	FY 2010	QoQ Change	YoY Change
Revenue	$4.5B	—	$3.8B	—	19.2%
Op. Income	$322M	—	$333M	—	-3.3%
Gross Margin	49.6%	—	75.3%	—	-25.7pp
Net Margin	1.9%	—	2.6%	—	-0.7pp
EPS (Diluted)	$0.28	—	$0.31	—	-9.7%
Free Cash Flow	$86M	—	$224M	—	-61.6%

Revenue Flow

Item	Amount
REVENUE	$4.5B
Cost of Revenue	$2.3B
GROSS PROFIT	$2.2B
R&D Expenses	$0
Selling & Marketing	$199M
General & Administrative	$947M
SG&A Expenses	$1.1B
Other Expenses	$992M
Operating Expenses	$1.9B
Cost & Expenses	$4.2B
OPERATING INCOME	$322M
Interest Income	$0
Interest Expense	$174M
Other Income/Expenses	-$177M
INCOME BEFORE TAX	$145M
Income Tax Expense	$59M
Net Income from Continuing Ops	$86M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$86M
Net Income Deductions	$12M
BOTTOM LINE NET INCOME	$98M
D&A	$233M
EBIT	$322M
EBITDA	$555M
EPS	$0
EPS Diluted	$0

Income Statement

Item	Amount
REVENUE	$4.5B
Cost of Revenue	$2.3B
GROSS PROFIT	$2.2B
R&D Expenses	$0
Selling & Marketing	$199M
General & Administrative	$947M
SG&A Expenses	$1.1B
Other Expenses	$992M
Operating Expenses	$1.9B
Cost & Expenses	$4.2B
OPERATING INCOME	$322M
Interest Income	$0
Interest Expense	$174M
Other Income/Expenses	-$177M
INCOME BEFORE TAX	$145M
Income Tax Expense	$59M
Net Income from Continuing Ops	$86M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$86M
Net Income Deductions	$12M
BOTTOM LINE NET INCOME	$98M
D&A	$233M
EBIT	$322M
EBITDA	$555M
EPS	$0
EPS Diluted	$0

Cash Flow Statement

Item	Amount
Net Income	$86M
Depreciation & Amortization	$247M
Stock-Based Compensation	$13M
Deferred Income Tax	$58M
Other Non-Cash Items	$77M
Change in Working Capital	$133M
OPERATING CASH FLOW	$614M
Capital Expenditure	-$528M
Acquisitions (Net)	-$480M
Purchases of Investments	-$1.1B
Sales/Maturities of Investments	$1.1B
Other Investing Activities	$482M
NET CASH FROM INVESTING	-$502M
Net Debt Issuance	$91M
Common Stock Repurchased	$0
Common Dividends Paid	$0
Other Financing Activities	-$5M
NET CASH FROM FINANCING	$96M
FREE CASH FLOW	$86M
Net Change in Cash	$208M

Balance Sheet

Item	Amount
Cash & Equivalents	$673M
Short-Term Investments	$0
Net Receivables	$101M
Inventory	$50M
Other Current Assets	$104M
TOTAL CURRENT ASSETS	$1.6B
PP&E (Net)	$4.9B
Goodwill	$0
Intangible Assets	$0
Long-Term Investments	$38M
Tax Assets	$392M
Other Non-Current Assets	$545M
TOTAL NON-CURRENT ASSETS	$5.4B
TOTAL ASSETS	$7.1B
Account Payables	$148M
Short-Term Debt	$286M
Deferred Revenue	$627M
Other Current Liabilities	$0
TOTAL CURRENT LIABILITIES	$1.4B
Long-Term Debt	$2.9B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$392M
Other Non-Current Liabilities	$546M
TOTAL NON-CURRENT LIABILITIES	$3.9B
TOTAL LIABILITIES	$5.3B
Common Stock	$3M
Additional Paid-In Capital	$1.5B
Retained Earnings	$305M
Treasury Stock	-$8M
Accum. Other Comp. Income	-$15M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$1.8B
Minority Interest	$0
TOTAL EQUITY	$1.8B
TOTAL LIABILITIES & EQUITY	$7.1B
Total Debt	$3.1B
Net Debt	$2.5B