The company I chose is JetBlue. This company is an airline company that was founded in the late 1990's and has outlived
the challenges of the noughties, including the 9/11 attacks and the Great Recession, while growing its holdings to maintain
a fleet of 280 aircraft, and the ticker for JetBlue is JBLU.(
Assets
Fiscal year is January-December. All values USD
Millions. 2021 2020 2019 2018 2017
Cash & Short Term Investments 2,842 3,053 1,328 887 693
Cash Only 2,018 1,918 959 474 303
Short-Term Investments 824 1,135 369 413 390
Cash & Short Term Investments Growth -6.91% 129.89% 49.72% 27.99% -
Cash & ST Investments / Total Assets 19.14% 21.47% 11.14% 8.09% 7.09%
Total Accounts Receivable 207 98 231 211 245
Accounts Receivables, Net 207 98 231 211 245
Accounts Receivables, Gross 210 100 232 212 245
Bad Debt/Doubtful Accounts (3) (2) (1) (1) -
Accounts Receivable Growth 111.22% -57.58% 9.48% -13.88% -
Accounts Receivable Turnover 29.16 30.17 35.04 36.29 28.62
Inventories 74 71 81 78 55
Other Current Assets 124 123 146 212 213
Miscellaneous Current Assets 124 123 146 212 213
Total Current Assets 3,247 3,345 1,786 1,388 1,206
Net Property, Plant & Equipment 9,543 9,203 9,526 9,039 8,049
Property, Plant & Equipment - Gross 13,432 12,682 12,822 11,948 10,786
Machinery & Equipment 11,161 10,256 10,332 9,525 8,980
Construction in Progress 337 420 433 293 765
Other Property, Plant & Equipment 1,205 1,202 1,145 1,074 1,041
Fiscal year is January-December. All values USD
Millions. 2021 2020 2019 2018 2017
Accumulated Depreciation 3,889 3,479 3,296 2,909 2,737
Machinery & Equipment 3,227 2,888 2,768 2,448 2,125
Construction in Progress - - - - 207
Other Property, Plant & Equipment 662 591 528 461 405
Total Investments and Advances 130 87 100 73 58
LT Investment - Affiliate Companies 32 34 38 11 -
Other Long-Term Investments 98 53 62 62 58
Intangible Assets 284 261 102 96 92
Net Other Intangibles - 261 102 96 92
Other Assets 438 510 404 363 376
Tangible Other Assets 438 510 404 363 376
Total Assets 14,846 14,222 11,918 10,959 9,781
Assets - Total - Growth 4.39% 19.33% 8.75% 12.04% -
Asset Turnover 0.42 - - - -
Return On Average Assets -1.25% - - -
Liabilities & Shareholders' Equity
All values USD Millions. 2021 2020 2019 2018
ST Debt & Current Portion LT Debt 461 563 472 442
Short Term Debt - 113 128 133
Current Portion of Long Term Debt 355 450 344 309
Accounts Payable 499 365 401 437
Accounts Payable Growth 36.71% -8.98% -8.24% 15.61%
All values USD Millions. 2021 2020 2019 2018
Other Current Liabilities 2,457 1,746 1,790 1,646
Accrued Payroll 480 409 376 313
Miscellaneous Current Liabilities 1,977 1,337 1,414 1,333
Total Current Liabilities 3,417 2,674 2,663 2,525
Current Ratio 0.95 1.25 0.67 0.55
Quick Ratio 0.93 1.22 0.64 0.52
Cash Ratio 0.83 1.14 0.50 0.35
Long-Term Debt 4,341 5,165 2,680 2,159
Long-Term Debt excl. Capitalized Leases 3,649 4,387 1,932 1,272
Non-Convertible Debt 3,649 4,387 1,932 1,272
Capitalized Lease Obligations 2 26 58 89
Deferred Taxes 843 922 1,251 1,112
Deferred Taxes - Credit 2,047 1,738 1,251 1,112
Deferred Taxes - Debit 1,204 816 - -
Other Liabilities 1,192 694 525 478
Other Liabilities (excl. Deferred Income) 552 694 525 478
Deferred Income 640 - - -
Total Liabilities 10,997 10,271 7,119 6,274
Total Liabilities / Total Assets 74.07% 72.22% 59.73% 57.25%
Common Equity (Total) 3,849 3,951 4,799 4,685
Common Stock Par/Carry Value 5 5 4 4
Additional Paid-In Capital/Capital Surplus 3,047 2,959 2,253 2,203
All values USD Millions. 2021 2020 2019 2018
Retained Earnings 2,786 2,968 4,322 3,753
Other Appropriated Reserves - - 2 (3)
Treasury Stock (1,989) (1,981) (1,782) (1,272)
Common Equity / Total Assets 25.93% 27.78% 40.27% 42.75%
Total Shareholders' Equity 3,849 3,951 4,799 4,685
Total Shareholders' Equity / Total Assets 25.93% 27.78% 40.27% 42.75%
Total Equity 3,849 3,951 4,799 4,685
Liabilities & Shareholders' Equity 14,846 14,222 11,918 10,959
One thing that impressed me is that AR grew over the last three years, and even grew with the Covid related issues. And
AP grew as well through the years but fell during the Covid related issues. (
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https://simpleflying.com/jetblue-history/
https://www.wsj.com/market-data/quotes/JBLU/financials/annual/balance-sheet
