jetBlue Investor Conference Presentation Deck
APPENDIX A: CALCULATION OF LEVERAGE RATIOS - HISTORICAL
Long-term debt and capital leases
Short-term borrowings and current maturities
7x aircraft rent
Adjusted debt
Long-term debt and capital leases
Short-term borrowings and current maturities
7x aircraft lease rent
Stockholders' equity
Adjusted capitalization
Adjusted debt to capitalization ratio
NON-GAAP FINANCIAL MEASURE
ADJUSTED DEBT TO CAPITALIZATION RATIO
(in millions) (unaudited)(¹)
jetBlue 2020
December 31, 2017
1,003
196
702
1,901
$
1,003
196
702
4,834
6,735
28%
(1) These results have not been recast to reflect the adoption of ASC 842 Leases.
$
December 31, 2016
1,195
189
771
2,155
1,195
189
771
4,013
6,168
35%
$
December 31, 2015
1,395
448
853
2,696
1,395
448
853
3,210
5,906
46%
$
December 31, 2014
1,968
265
869
3,102
1,968
265
869
2,529
5,631
55%
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