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
5-yeard trend
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
Fiscal year is January-December. All values
USD Millions.
2021
2020
2019
2018
2017
5-yeard trend
Construction in Progress
337
420
433
293
765
Other Property, Plant & Equipment
1,205
1,202
1,145
1,074
1,041
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
All values USD Millions.
2021
2020
2019
2018
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%
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
All values USD Millions.
2021
2020
2019
2018
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
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.
https://simpleflying.com/jetblue-history/
https://www.wsj.com/market-data/quotes/JBLU/financials/annual/balance-sheet
