JBLU FY 2019 Earnings Report — JetBlue Airways Corporation Revenue & Financial Results | Market Cap Arena

JetBlue Airways CorporationJBLU

FY 2019 Earnings

Reported February 18, 2020

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2019	Prior Q	FY 2018	QoQ Change	YoY Change
Revenue	$8.1B	—	—	—	—
Op. Income	$800M	—	—	—	—
Gross Margin	33.8%	—	—	—	—
Net Margin	7.0%	—	—	—	—
EPS (Diluted)	$1.91	—	—	—	—
Free Cash Flow	$293M	—	—	—	—

Revenue Flow

Item	Amount
REVENUE	$8.1B
Cost of Revenue	$5.4B
GROSS PROFIT	$2.7B
R&D Expenses	$0
Selling & Marketing	$290M
General & Administrative	$0
SG&A Expenses	$290M
Other Expenses	$1.6B
Operating Expenses	$1.9B
Cost & Expenses	$7.3B
OPERATING INCOME	$800M
Interest Income	$18M
Interest Expense	$65M
Other Income/Expenses	-$32M
INCOME BEFORE TAX	$768M
Income Tax Expense	$199M
Net Income from Continuing Ops	$569M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$569M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$569M
D&A	$473M
EBIT	$814M
EBITDA	$1.3B
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$8.1B
Cost of Revenue	$5.4B
GROSS PROFIT	$2.7B
R&D Expenses	$0
Selling & Marketing	$290M
General & Administrative	$0
SG&A Expenses	$290M
Other Expenses	$1.6B
Operating Expenses	$1.9B
Cost & Expenses	$7.3B
OPERATING INCOME	$800M
Interest Income	$18M
Interest Expense	$65M
Other Income/Expenses	-$32M
INCOME BEFORE TAX	$768M
Income Tax Expense	$199M
Net Income from Continuing Ops	$569M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$569M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$569M
D&A	$473M
EBIT	$814M
EBITDA	$1.3B
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$569M
Depreciation & Amortization	$525M
Stock-Based Compensation	$31M
Deferred Income Tax	$139M
Other Non-Cash Items	-$27M
Change in Working Capital	$212M
OPERATING CASH FLOW	$1.4B
Capital Expenditure	-$1.2B
Acquisitions (Net)	-$932M
Purchases of Investments	-$1.4B
Sales/Maturities of Investments	$1.4B
Other Investing Activities	$919M
NET CASH FROM INVESTING	-$1.1B
Net Debt Issuance	$658M
Common Stock Repurchased	-$542M
Common Dividends Paid	$0
Other Financing Activities	-$2M
NET CASH FROM FINANCING	$165M
FREE CASH FLOW	$293M
Net Change in Cash	$485M

Balance Sheet

Item	Amount
Cash & Equivalents	$959M
Short-Term Investments	$369M
Net Receivables	$231M
Inventory	$81M
Other Current Assets	$0
TOTAL CURRENT ASSETS	$1.8B
PP&E (Net)	$9.5B
Goodwill	$0
Intangible Assets	$241M
Long-Term Investments	$3M
Tax Assets	$0
Other Non-Current Assets	$362M
TOTAL NON-CURRENT ASSETS	$10.1B
TOTAL ASSETS	$11.9B
Account Payables	$401M
Short-Term Debt	$344M
Deferred Revenue	$1.1B
Other Current Liabilities	$0
TOTAL CURRENT LIABILITIES	$2.7B
Long-Term Debt	$2.0B
Deferred Revenue NC	$481M
Deferred Tax Liabilities	$1.3B
Other Non-Current Liabilities	$44M
TOTAL NON-CURRENT LIABILITIES	$4.5B
TOTAL LIABILITIES	$7.1B
Common Stock	$4M
Additional Paid-In Capital	$2.3B
Retained Earnings	$4.3B
Treasury Stock	-$1.8B
Accum. Other Comp. Income	$2M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$4.8B
Minority Interest	$0
TOTAL EQUITY	$4.8B
TOTAL LIABILITIES & EQUITY	$11.9B
Total Debt	$3.2B
Net Debt	$2.2B