JBLU Q3 2016 Earnings Report — JetBlue Airways Corporation Revenue & Financial Results | Market Cap Arena

JetBlue Airways CorporationJBLU

Q3 2016 Earnings

Reported October 28, 2016

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	Q3 2016	Q2 2016	Q3 2015	QoQ Change	YoY Change
Revenue	$1.7B	$1.6B	—	5.4%	—
Op. Income	$354M	$313M	—	13.1%	—
Gross Margin	42.7%	42.2%	—	0.4pp	—
Net Margin	11.5%	11.0%	—	0.5pp	—
EPS (Diluted)	$0.58	$0.53	—	9.4%	—
Free Cash Flow	$29M	$271M	—	-89.3%	—

Revenue Flow

Item	Amount
REVENUE	$1.7B
Cost of Revenue	$993M
GROSS PROFIT	$739M
R&D Expenses	$0
Selling & Marketing	$60M
General & Administrative	$0
SG&A Expenses	$60M
Other Expenses	$325M
Operating Expenses	$385M
Cost & Expenses	$1.4B
OPERATING INCOME	$354M
Interest Income	$2M
Interest Expense	$26M
Other Income/Expenses	-$24M
INCOME BEFORE TAX	$330M
Income Tax Expense	$131M
Net Income from Continuing Ops	$199M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$199M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$199M
D&A	$101M
EBIT	$354M
EBITDA	$455M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$1.7B
Cost of Revenue	$993M
GROSS PROFIT	$739M
R&D Expenses	$0
Selling & Marketing	$60M
General & Administrative	$0
SG&A Expenses	$60M
Other Expenses	$325M
Operating Expenses	$385M
Cost & Expenses	$1.4B
OPERATING INCOME	$354M
Interest Income	$2M
Interest Expense	$26M
Other Income/Expenses	-$24M
INCOME BEFORE TAX	$330M
Income Tax Expense	$131M
Net Income from Continuing Ops	$199M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$199M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$199M
D&A	$101M
EBIT	$354M
EBITDA	$455M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$199M
Depreciation & Amortization	$101M
Stock-Based Compensation	$5M
Deferred Income Tax	$82M
Other Non-Cash Items	$3M
Change in Working Capital	-$80M
OPERATING CASH FLOW	$310M
Capital Expenditure	-$281M
Acquisitions (Net)	-$204M
Purchases of Investments	-$233M
Sales/Maturities of Investments	$202M
Other Investing Activities	$205M
NET CASH FROM INVESTING	-$311M
Net Debt Issuance	-$61M
Common Stock Repurchased	$0
Common Dividends Paid	$0
Other Financing Activities	-$1M
NET CASH FROM FINANCING	-$61M
FREE CASH FLOW	$29M
Net Change in Cash	-$62M

Balance Sheet

Item	Amount
Cash & Equivalents	$873M
Short-Term Investments	$0
Net Receivables	$145M
Inventory	$581M
Other Current Assets	$0
TOTAL CURRENT ASSETS	$2.0B
PP&E (Net)	$7.0B
Goodwill	$0
Intangible Assets	$0
Long-Term Investments	$55M
Tax Assets	$1.4B
Other Non-Current Assets	$563M
TOTAL NON-CURRENT ASSETS	$7.6B
TOTAL ASSETS	$9.6B
Account Payables	$267M
Short-Term Debt	$439M
Deferred Revenue	$1.1B
Other Current Liabilities	$1.1B
TOTAL CURRENT LIABILITIES	$2.5B
Long-Term Debt	$1.3B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$1.4B
Other Non-Current Liabilities	$555M
TOTAL NON-CURRENT LIABILITIES	$3.2B
TOTAL LIABILITIES	$5.7B
Common Stock	$4M
Additional Paid-In Capital	$2.0B
Retained Earnings	$2.3B
Treasury Stock	-$380M
Accum. Other Comp. Income	$10M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$3.8B
Minority Interest	$0
TOTAL EQUITY	$3.8B
TOTAL LIABILITIES & EQUITY	$9.6B
Total Debt	$1.7B
Net Debt	$816M