JBLU Q2 2019 Earnings Report — JetBlue Airways Corporation Revenue & Financial Results | Market Cap Arena

JetBlue Airways CorporationJBLU

Q2 2019 Earnings

Reported July 26, 2019

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	Q2 2019	Q1 2019	Q2 2018	QoQ Change	YoY Change
Revenue	$2.1B	$1.9B	—	12.5%	—
Op. Income	$250M	$76M	—	228.9%	—
Gross Margin	34.7%	30.1%	—	4.6pp	—
Net Margin	8.5%	2.2%	—	6.3pp	—
EPS (Diluted)	$0.59	$0.14	—	321.4%	—
Free Cash Flow	$242M	$256M	—	-5.5%	—

Revenue Flow

Item	Amount
REVENUE	$2.1B
Cost of Revenue	$1.4B
GROSS PROFIT	$731M
R&D Expenses	$0
Selling & Marketing	$75M
General & Administrative	$0
SG&A Expenses	$75M
Other Expenses	$406M
Operating Expenses	$481M
Cost & Expenses	$1.9B
OPERATING INCOME	$250M
Interest Income	$2M
Interest Expense	$16M
Other Income/Expenses	-$14M
INCOME BEFORE TAX	$236M
Income Tax Expense	$57M
Net Income from Continuing Ops	$179M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$179M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$179M
D&A	$127M
EBIT	$252M
EBITDA	$379M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$2.1B
Cost of Revenue	$1.4B
GROSS PROFIT	$731M
R&D Expenses	$0
Selling & Marketing	$75M
General & Administrative	$0
SG&A Expenses	$75M
Other Expenses	$406M
Operating Expenses	$481M
Cost & Expenses	$1.9B
OPERATING INCOME	$250M
Interest Income	$2M
Interest Expense	$16M
Other Income/Expenses	-$14M
INCOME BEFORE TAX	$236M
Income Tax Expense	$57M
Net Income from Continuing Ops	$179M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$179M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$179M
D&A	$127M
EBIT	$252M
EBITDA	$379M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$179M
Depreciation & Amortization	$127M
Stock-Based Compensation	$8M
Deferred Income Tax	$35M
Other Non-Cash Items	-$4M
Change in Working Capital	$203M
OPERATING CASH FLOW	$548M
Capital Expenditure	-$306M
Acquisitions (Net)	-$227M
Purchases of Investments	-$446M
Sales/Maturities of Investments	$345M
Other Investing Activities	$235M
NET CASH FROM INVESTING	-$399M
Net Debt Issuance	-$49M
Common Stock Repurchased	-$126M
Common Dividends Paid	$0
Other Financing Activities	$0
NET CASH FROM FINANCING	-$148M
FREE CASH FLOW	$242M
Net Change in Cash	$1M

Balance Sheet

Item	Amount
Cash & Equivalents	$461M
Short-Term Investments	$0
Net Receivables	$282M
Inventory	$85M
Other Current Assets	$0
TOTAL CURRENT ASSETS	$1.5B
PP&E (Net)	$9.2B
Goodwill	$0
Intangible Assets	$0
Long-Term Investments	$4M
Tax Assets	$1.2B
Other Non-Current Assets	$544M
TOTAL NON-CURRENT ASSETS	$9.8B
TOTAL ASSETS	$11.2B
Account Payables	$504M
Short-Term Debt	$408M
Deferred Revenue	$1.3B
Other Current Liabilities	$1.5B
TOTAL CURRENT LIABILITIES	$2.9B
Long-Term Debt	$1.1B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$1.2B
Other Non-Current Liabilities	$522M
TOTAL NON-CURRENT LIABILITIES	$3.6B
TOTAL LIABILITIES	$6.5B
Common Stock	$4M
Additional Paid-In Capital	$2.2B
Retained Earnings	$4.0B
Treasury Stock	-$1.5B
Accum. Other Comp. Income	$1M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$4.7B
Minority Interest	$0
TOTAL EQUITY	$4.7B
TOTAL LIABILITIES & EQUITY	$11.2B
Total Debt	$2.4B
Net Debt	$1.9B