jetBlue Results Presentation Deck
jetBlue
Adjusted Net Debt
Adjusted net debt is a non-GAAP financial measure which we believe is helpful to investors in assessing our overall debt profile. We reduce our
adjusted debt by cash, cash equivalents, and short-term investments resulting in adjusted net debt, to present the amount of assets needed to
satisfy our debt obligations.
Long-term debt and finance leases
Current maturities of long-term debt and finance leases
Operating lease liabilities - aircraft
Adjusted Debt
Cash and cash equivalents
Short-term investments
Total Liquidity
NON-GAAP FINANCIAL MEASURE
ADJUSTED NET DEBT
(in millions) (unaudited)
Adjusted Net Debt
September 30, 2021
3,760
391
265
4,416
$
2,193
1,100
3,293
1,123
$
$
June 30, 2021
3,998
432
239
4,669
2,409
1,317
3,726
943
December 31, 2019
1,990
344
183
2,517
959
369
1,328
1,189
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