Question

You are to do a Vertical Analysis (on both the Balance Sheet and Income Statement) for EACH of the years presented. You must show your result as a % (not a decimal number) and round your % results to exactly 2 decimal places (ex: 2.07% ~ not 2% ~ not 2.0734566%).

For these analyses, you are to present the actual tables of your Vertical Analysis. Each of these analyses MUST SHOW: statement titles, the name of every single individual account as shown on the original financial statement, the exact balances as shown on the original financial statements and then the columns for your vertical calculations.

Provide some comments on the results of these studies that may be relevant to your overall recommendation.

the company is Jet Blue

JetBlue Airways Corporation Consolidated Balance Sheets ASSETS CURRENT ASSETs Cash and cash Investment socuritios 538 Recevablos loss allowanoe (2017-$1:2016-s5) 245 47 Inventories, less allowance (2017-$14; 2016-$12) Prepaid exponses and othor 1403 7,868 8.091 Total current assets PROPERTY AND EQUIPMENT 8.980 Flight equipmont 204 .184 Total hight equipment and predolivory dleponits, grons Less accumulated depreciation Total flight equipment and predelivery deposits, net Other property and equipment Less accumulated depreciation ,050 1,041 6,268 972 345 627 Total othor property and equipmont, net Assets conatructed for others Less accumulated depreciation 636 561 561 376 Total assets constructed for others, net 8,049 7.271 Total property and equipmont, net OTHER ASSETS Investment securities Restricted cash Other 62 56 468 526 S 9,781 649 Total other assets TOTAL ASSETS PART I ITEM B Financial Statements and Supplementary Data JetBlue Airways Corporation Consolidated Balance Sheets December 31 n miovns, except per share datal LIABILITIES AND STOCKHOLDERS' EQUITY CURRENT LIABILITIES ts payable 378 Air traffic lablity Accrued salaries, wages and benelits Other accrued iabilties 215 1.120 313 293 321 Current maturities of long terdebt and capital los Total current liabilities LONG-TERM DEBT AND CAPITAL LEASE OBLIGATIONS CONSTRUCTION OBLIGATION 2,395 1,003 2,214 1,195 457 441 DEFERRED TAXES AND OTHER LIABILITIES 033 75 Deferred income taxes 1,354 Other 1.108 1,444 Total deferred taxes and other labilitios COMMITMENTS AND CONTINGENCIES (Notes 10&11) STOCKHOLDERS' EQUITY Preferred stock, $0.01 par value: 25 shares authorized none issued Common stock, $0.01 par value; 900 shares authorized, 418 and 414 shares issued and 321 and 337 shares outstanding at 2017 and 2016, respectively Treasury stock, at cost: 97 and 77 shares at 2017 and 2016, respectively Additional paid-in capital Retained earnings Accumulated other comprehensive income (800) 2.127 3,503 (500) 2,050 2.446 4,834 9,781 stockholders S 9.323 TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY JetBlue Airways Corporation onsolidated Statements of Operations a milions.except per share amounts Years Ended December 31 2017 OPERATING REVENUES Passenger Other $ 5,893 S 6,013 619 6.632 6.288 Total oporating revenues .015 6,416 OPERATING EXPENSES ircraft fuel and relatod taxes Saleries, wages and benofits Landing fees and other rents Depreciation and Aircraft rent Sales and marketing Maintenance, materials and repairs Other operating expenses 1,348 1.540 342 345 1,074 1,887 397 1.698 357 393 122 259 583 267 490 5,200 1.216 5,320 Total operating expenses OPERATING INCOME OTHER INCOME (EXPENSE 1,000 (128) (95) 10 nterest expense Capitalized interest terest income and other (119) (96) 457 $ 759 Total other income (expensel INCOME BEFORE INCOME TAXES 021 420 677 S 1,147 S NET INCOME $ 3,492.32 S 2.22 $ 2.15 1,98 EARNINGS PER COMMON SHARE Basic Diuted

Answer 1

	DECEMBER 31
	2017	As %	2016	As %
ASSETS	$		$
CURRENT ASSETS
Cash and Cash Equivalents	303.00	3.10	433.00	4.64
Investment Securities	390.00	3.99	538.00	5.77
Receivables, less allowance (2017-$1; 2016-$5)	245.00	2.50	172.00	1.84
Inventories, less allowance (2017-$14; 2016-$12)	55.00	0.56	47.00	0.50
Prepaid expenses and other	213.00	2.18	213.00	2.28
Total Current Assets	1206.00	12.33	1403.00	15.05
PROPERTY AND EQUIPMENT
Flight equipment	8980.00	91.81	7868.00	84.39
Predelivery deposits for flight equipment	204.00	2.09	223.00	2.39
Total flight equipment and predelivery deposits, gross	9184.00	93.90	8091.00	86.79
Less accumulated depreciation	2125.00	21.73	1823.00	19.55
Total flight equipment and predelivery deposits, net	7059.00	72.17	6268.00	67.23
Other property and equipment	1041.00	10.64	972.00	10.43
Less accumulated depreciation	405.00	4.14	345.00	3.70
Total other property and equipment, net	636.00	6.50	627.00	6.73
Assets constructed for others	561.00	5.74	561.00	6.02
Less accumulated depreciation	207.00	2.12	185.00	1.98
Total assets constructed for others, net	354.00	3.62	376.00	4.03
Total property and equipment, net	8049.00	82.29	7271.00	77.99
OTHER ASSETS
Investment securities	2.00	0.02	90.00	0.97
Restricted cash	56.00	0.57	62.00	0.67
Other	468.00	4.78	497.00	5.33
Total other assets	526.00	5.38	649.00	6.96
TOTAL ASSETS	9781.00	100.00	9323.00	100.00
LIABILITIES AND STOCKHOLDERS’ EQUITY
CURRENT LIABILITIES
Accounts payable	378.00	3.86	242.00	2.60
Air Traffic liability	1215.00	12.42	1120.00	12.01
Accrued salaries, wages and benefits	313.00	3.20	342.00	3.67
Other accrued liabilities	293.00	3.00	321.00	3.44
Current maturities of long-term debt and capital leases	196.00	2.00	189.00	2.03
Total current liabilities	2395.00	24.49	2214.00	23.75
LONG-TERM DEBT AND CAPITAL LEASE OBLIGATIONS	1003.00	10.25	1195.00	12.82
CONSTRUCTION OBLIGATION	441.00	4.51	457.00	4.90
DEFERRED TAXES AND OTHER LIABILITIES
Deferred income taxes	1033.00	10.56	1354.00	14.52
Other	75.00	0.77	90.00	0.97
Total deferred taxes and other liabilities	1108.00	11.33	1444.00	15.49
COMMITMENTS AND CONTINGENCIES (Notes 10 & 11)
STOCKHOLDERS’ EQUITY
Preferred stock, $0.01 par value; 25 shares authorized, none issued
Common stock, $0.01 par value; 900 shares authorized, 418 and 414 shares issued and 321 and 337 shares outstanding at 2017 and 2016, respectively	4.00	0.04	4.00	0.04
Treasury stock, at cost; 97 and 77 shares at 2017 and 2016, respectively	-890.00	-9.10	-500.00	-5.36
Additional paid-in capital	2127.00	21.75	2050.00	21.99
Retained earnings	3593.00	36.73	2446.00	26.24
Accumulated other comprehensive income			13.00	0.14
Total stockholders’ equity	4834.00	49.42	4013.00	43.04
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY	9781.00	100.00	9323.00	100.00
	2017	As %	2016	As %	2015	As %
OPERATING REVENUES	$		$		$
Passenger	6288.00	89.64	6013.00	90.67	5893.00	91.85
Other	727.00	10.36	619.00	9.33	523.00	8.15
Total operating revenues	7015.00	100.00	6632.00	100.00	6416.00	100.00
OPERATING EXPENSES
Aircraft fuel and related taxes	1363.00	19.43	1074.00	16.19	1348.00	21.01
Salaries, wages and benefits	1887.00	26.90	1698.00	25.60	1540.00	24.00
Landing fees and other rents	397.00	5.66	357.00	5.38	342.00	5.33
Depreciation and amortization	446.00	6.36	393.00	5.93	345.00	5.38
Aircraft rent	100.00	1.43	110.00	1.66	122.00	1.90
Sales and marketing	267.00	3.81	259.00	3.91	264.00	4.11
Maintenance, materials and repairs	622.00	8.87	563.00	8.49	490.00	7.64
Other operating expenses	933.00	13.30	866.00	13.06	749.00	11.67
Total operating expenses	6015.00	85.74	5320.00	80.22	5200.00	81.05
OPERATING INCOME	1000.00	14.26	1312.00	19.78	1216.00	18.95
OTHER INCOME (EXPENSE)
Interest expense	-95.00	-1.35	-111.00	-1.67	-128.00	-2.00
Capitalized interest	10.00	0.14	8.00	0.12	8.00	0.12
Interest income and other	6.00	0.09	7.00	0.11	1.00	0.02
Total other income (expense)	-79.00	-1.13	-96.00	-1.45	-119.00	-1.85
INCOME BEFORE INCOME TAXES	921.00	13.13	1216.00	18.34	1097.00	17.10
Income tax expense (benefit)	-226.00	-3.22	457.00	6.89	420.00	6.55
NET INCOME	1147.00	16.35	759.00	11.44	677.00	10.55
EARNINGS PER COMMON SHARE
Basic	3.49		2.32		2.15
Diluted	3.47		2.22		1.98

>The Net Income has been increasing every year resulting in the increase of Earning Per Share.