jetBlue Mergers and Acquisitions 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
Capitalized aircraft rent (7* aircraft rent)
Adjusted Debt
Cash and cash equivalents
Short-term investments
Total Liquidity
NON-GAAP FINANCIAL MEASURE
ADJUSTED NET DEBT
(in millions) (unaudited)
Adjusted Net Debt
December 31, 2019
1,990
344
694
3,028
$
EA
$
959
369
1,328
December 31, 2015
1,379
448
854
2,681
$
1,700 $
318
558
876
1,805
December 31, 2010
2,850
183
883
3,916
$
$
465
495
960
2,956
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