JetBlue Airways Corporation (JBLU) reports the following in its latest quarterly
ID: 2714975 • Letter: J
Question
JetBlue Airways Corporation (JBLU) reports the following in its latest quarterly report:
Authorized shares
500,000,000
Shares issued
317,391,718
Shares outstanding
290,305,387
a. How many shares are in the treasury stock?
b. If the float is 280,700,408 shares, find the number of restricted shares.
c. Recently, JBLU closed at $5.51 per share.
Based on this price, find the market capitalization of the company.
Authorized shares
500,000,000
Shares issued
317,391,718
Shares outstanding
290,305,387
Explanation / Answer
a. How many shares are in the treasury stock?
No of shares are in the treasury stock = Shares issued - Shares outstanding
No of shares are in the treasury stock = 317,391,718 - 290,305,387
No of shares are in the treasury stock = 27,086,331
b. If the float is 280,700,408 shares, find the number of restricted shares.
Number of restricted shares = Shares outstanding - Share Floating
Number of restricted shares = 290,305,387 - 280,700,408
Number of restricted shares = 9,604,979
c. Recently, JBLU closed at $5.51 per share.
Based on this price, find the market capitalization of the company.
Market capitalization of the company = Shares outstanding*share price
Market capitalization of the company = 290,305,387*5.51
Market capitalization of the company = $ 1,599,582.682.37
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