← DELTA AIR LINES, INC.
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | |||||||||||
| Adjustments to reconcile net income to net cash provided by operating activities: | |||||||||||
| Net Income From Continuing Operations | — | — | — | — | — | — | $1.3b | $4.6b | $3.5b | $5.0b | |
| Net Income (Loss) Attributable to Parent | $4.4b | $3.6b | $3.9b | $4.8b | ($12.4b) | $280.0m | $1.3b | $4.6b | $3.5b | $5.0b | |
| Amortization of Intangible Assets | $17.0m | $17.0m | $17.0m | $11.0m | $10.0m | $10.0m | $9.0m | $9.0m | $9.0m | $8.0m | |
| Capitalized Computer Software, Amortization | $160.0m | $189.0m | $205.0m | $239.0m | $304.0m | $301.0m | $307.0m | $340.0m | $324.0m | $314.0m | |
| Depreciation Amortization Depletion | — | — | — | — | — | — | $2.1b | $2.3b | $2.5b | $2.4b | |
| Depreciation, Depletion and Amortization | $1.9b | $2.2b | $2.3b | $2.6b | $2.3b | $2.0b | $2.1b | $2.3b | $2.5b | $2.4b | |
| Depreciation, Nonproduction | $1.9b | $2.2b | $2.3b | — | — | — | — | — | — | — | |
| Deferred Income Tax | — | — | — | — | — | — | $591.0m | $980.0m | $1.2b | $1.1b | |
| Deferred Income Tax Expense (Benefit) | $2.2b | $2.1b | $1.4b | $1.5b | ($3.1b) | $115.0m | $591.0m | $980.0m | $1.2b | $1.1b | |
| Deferred Tax | — | — | — | — | — | — | $591.0m | $980.0m | $1.2b | $1.1b | |
| Deferred income taxes | $2.2b | $2.1b | $1.4b | $1.5b | ($3.1b) | $115.0m | $591.0m | $980.0m | $1.2b | $1.1b | |
| Asset Impairment Charge | — | — | — | — | — | $337.0m | $20.0m | — | — | — | |
| Restructuring Costs and Asset Impairment Charges | $0 | — | — | — | — | — | — | — | — | — | |
| Share-based Payment Arrangement, Expense | — | — | — | — | $119.0m | $149.0m | $150.0m | $180.0m | $236.0m | $313.0m | |
| Share-based Payment Arrangement, Noncash Expense | $105.0m | $108.0m | $159.0m | $161.0m | — | — | — | — | — | — | |
| Gain (Loss) on Extinguishment of Debt | $0 | — | — | — | — | ($319.0m) | ($100.0m) | ($63.0m) | ($39.0m) | ($26.0m) | |
| Income (Loss) from Equity Method Investments | $160.0m | $1.0m | — | — | — | — | — | — | — | — | |
| Income Tax Expense (Benefit) | $2.3b | $2.1b | $1.2b | $1.4b | ($3.2b) | $118.0m | $596.0m | $999.0m | $1.2b | $1.2b | |
| Operating leases converted to finance leases | — | $0 | $7.0m | $190.0m | $0 | $42.0m | $342.0m | $84.0m | $25.0m | $312.0m | |
| Other Nonoperating Income (Expense) | $72.0m | ($17.0m) | $184.0m | ($238.0m) | $348.0m | ($60.0m) | ($107.0m) | ($35.0m) | ($232.0m) | ($144.0m) | |
| Purchase of equity investments | $0 | ($1.2b) | $0 | ($170.0m) | ($2.1b) | $0 | ($870.0m) | ($152.0m) | $0 | ($276.0m) | |
| Right-of-use assets acquired or modified under operating leases | — | — | — | — | — | — | $531.0m | $661.0m | $327.0m | $375.0m | |
| Changes in operating assets and liabilities: | |||||||||||
| Additional Financial Items | |||||||||||
| Property and equipment additions: | |||||||||||
| (Gain)/loss on fair value investments | — | — | — | — | $88.0m | ($38.0m) | $874.0m | ($1.3b) | $323.0m | ($1.2b) | |
| Beginning Cash Position | — | — | — | — | — | — | $8.6b | $3.5b | $3.4b | $3.4b | |
| Cash Flow From Continuing Financing Activities | — | — | — | — | — | — | ($4.5b) | ($3.4b) | ($4.3b) | ($3.1b) | |
| Cash Flow From Continuing Investing Activities | — | — | — | — | — | — | ($6.9b) | ($3.1b) | ($3.7b) | ($4.2b) | |
| Change In Inventory | — | — | — | — | — | ($318.0m) | ($158.0m) | $121.0m | — | — | |
| Change In Other Current Liabilities | — | — | — | — | — | — | $2.4b | ($395.0m) | $56.0m | $10.0m | |
| Change In Other Working Capital | — | — | — | — | — | — | $324.0m | $538.0m | $407.0m | $435.0m | |
| Change In Payable | — | — | — | — | — | — | $1.2b | ($285.0m) | $614.0m | $842.0m | |
| Change In Payables And Accrued Expense | — | — | — | — | — | — | $1.2b | ($285.0m) | $614.0m | $842.0m | |
| Change In Prepaid Assets | — | — | — | — | — | — | ($1.0b) | $137.0m | ($241.0m) | ($183.0m) | |
| Change In Receivables | — | — | — | — | — | — | ($728.0m) | ($7.0m) | ($126.0m) | $432.0m | |
| Change In Working Capital | — | — | — | — | — | — | $2.2b | ($12.0m) | $710.0m | $1.5b | |
| Changes In Cash | — | — | — | — | — | — | ($5.1b) | ($78.0m) | $26.0m | $1.1b | |
| Debt agreements modified | — | — | — | — | — | — | — | $0 | $0 | $371.0m | |
| End Cash Position | — | — | — | — | — | — | $3.5b | $3.4b | $3.4b | $4.5b | |
| Equity Securities, FV-NI, Gain (Loss) | — | — | — | — | — | $56.0m | ($783.0m) | $1.3b | ($319.0m) | $1.2b | |
| Financing Cash Flow | — | — | — | — | — | — | ($4.5b) | ($3.4b) | ($4.3b) | ($3.1b) | |
| Flight equipment, including advance payments | ($2.6b) | ($2.7b) | ($3.7b) | ($3.3b) | ($896.0m) | ($1.6b) | ($4.5b) | ($3.6b) | ($3.9b) | ($3.5b) | |
| Free Cash Flow | — | — | — | — | — | — | ($3.0m) | $1.1b | $2.9b | $3.8b | |
| Gain (Loss) on Investments | $42.0m | — | $14.0m | $119.0m | ($105.0m) | — | ($874.0m) | $1.3b | ($323.0m) | $1.2b | |
| Goodwill | $9.8b | $9.8b | $9.8b | $9.8b | $9.8b | $9.8b | $9.8b | $9.8b | $9.8b | $9.8b | |
| Ground property and equipment, including technology | ($774.0m) | ($1.2b) | ($1.5b) | ($1.6b) | ($1.0b) | ($1.7b) | ($1.9b) | ($1.7b) | ($1.2b) | ($978.0m) | |
| Increase (Decrease) in Inventories | $140.0m | $397.0m | ($324.0m) | $139.0m | ($354.0m) | $318.0m | $158.0m | ($121.0m) | — | — | |
| Investing Cash Flow | — | — | — | — | — | — | ($6.9b) | ($3.1b) | ($3.7b) | ($4.2b) | |
| Liabilities and deferred revenue | $355.0m | $683.0m | $616.0m | $541.0m | ($117.0m) | $2.2b | $2.2b | ($678.0m) | $457.0m | $498.0m | |
| Net Business Purchase And Sale | — | — | — | — | — | — | ($870.0m) | ($152.0m) | $0 | ($276.0m) | |
| Net PPE Purchase And Sale | — | — | — | — | — | — | ($6.4b) | ($5.3b) | ($5.1b) | ($4.5b) | |
| Nonoperating Income (Expense) | ($316.0m) | ($413.0m) | ($113.0m) | ($420.0m) | ($3.1b) | ($1.5b) | ($1.7b) | $87.0m | ($1.3b) | $363.0m | |
| Operating Expenses | $32.7b | $35.1b | $39.2b | — | — | — | — | — | — | — | |
| Operating Gains Losses | — | — | — | — | — | — | ($453.0m) | ($121.0m) | ($296.0m) | ($210.0m) | |
| Other Non Cash Items | — | — | — | — | — | — | ($227.0m) | ($50.0m) | $163.0m | ($332.0m) | |
| Other, net | $58.0m | $70.0m | $58.0m | ($21.0m) | ($202.0m) | $80.0m | ($60.0m) | ($73.0m) | $14.0m | ($24.0m) | |
| Pension And Employee Benefit Expense | — | — | — | — | — | — | ($453.0m) | ($121.0m) | ($296.0m) | ($210.0m) | |
| Pension, postretirement and postemployment payments greater than expense | ($717.0m) | ($3.3b) | ($790.0m) | ($922.0m) | $898.0m | ($2.0b) | ($453.0m) | ($121.0m) | ($296.0m) | ($210.0m) | |
| Prepaids and other current assets | ($26.0m) | ($57.0m) | ($440.0m) | $94.0m | $0 | ($58.0m) | ($867.0m) | $17.0m | ($241.0m) | ($183.0m) | |
| Proceeds from long-term obligations | $450.0m | $2.5b | $3.7b | $2.1b | $22.8b | $1.9b | $0 | $878.0m | $0 | $2.2b | |
| Profit sharing | ($383.0m) | ($51.0m) | $233.0m | $354.0m | ($1.6b) | $108.0m | $455.0m | $821.0m | $6.0m | ($53.0m) | |
| Purchase Of Business | — | — | — | — | — | — | ($870.0m) | ($152.0m) | $0 | ($276.0m) | |
| Purchase Of PPE | $3.4b | $3.9b | $5.2b | $4.9b | $1.9b | $3.2b | ($6.4b) | ($5.3b) | ($5.1b) | ($4.5b) | |
| Receivables | ($147.0m) | ($328.0m) | $108.0m | ($775.0m) | $1.2b | ($981.0m) | ($728.0m) | ($7.0m) | ($126.0m) | $432.0m | |
| Redemption of short-term investments | $2.7b | $584.0m | $766.0m | $206.0m | $7.6b | $15.0b | $2.8b | $4.5b | $1.1b | $0 | |
| Repurchase Of Capital Stock | — | — | — | — | — | $0 | $0 | — | — | — | |
| Sale Of PPE | — | — | — | — | — | $0 | $0 | — | — | — | |
| Unrealized Gain Loss On Investment Securities | — | — | — | — | — | — | $874.0m | ($1.3b) | $323.0m | ($1.2b) | |
| Derivative, Gain (Loss) on Derivative, Net | $342.0m | $7.0m | — | — | — | — | — | — | — | — | |
| Net Cash Provided by (Used in) Operating Activities | $7.2b | $5.1b | $7.0b | $8.4b | ($3.8b) | $3.3b | $6.4b | $6.5b | $8.0b | $8.3b | |
| Cash flows from investing activities: | |||||||||||
| Capital Expenditure | — | — | — | — | — | — | ($6.4b) | ($5.3b) | ($5.1b) | ($4.5b) | |
| Net Investment Purchase And Sale | — | — | — | — | — | — | $100.0m | $2.2b | $1.1b | $0 | |
| Payments to Acquire Investments | $1.7b | $925.0m | $145.0m | — | — | — | — | — | — | — | |
| Purchase Of Investment | — | — | — | — | — | — | ($2.7b) | ($2.3b) | $0 | $0 | |
| Purchase of short-term investments | ($1.7b) | ($925.0m) | ($145.0m) | $0 | ($13.4b) | ($12.7b) | ($2.7b) | ($2.3b) | $0 | $0 | |
| Sale Of Investment | — | — | — | — | — | — | $2.8b | $4.5b | $1.1b | $0 | |
| Net Other Investing Changes | — | — | — | — | — | — | $212.0m | $92.0m | $264.0m | $589.0m | |
| Payments for (Proceeds from) Other Investing Activities | ($31.0m) | ($111.0m) | ($154.0m) | ($58.0m) | ($87.0m) | $32.0m | ($212.0m) | ($92.0m) | ($264.0m) | ($589.0m) | |
| Net Cash Provided by (Used in) Investing Activities | ($2.2b) | ($5.4b) | ($4.4b) | ($4.6b) | ($9.2b) | ($898.0m) | ($6.9b) | ($3.1b) | ($3.7b) | ($4.2b) | |
| Cash flows from financing activities: | |||||||||||
| Issuance Of Debt | — | — | — | — | — | $0 | $0 | — | — | — | |
| Long Term Debt Issuance | — | — | — | — | — | $0 | $0 | — | — | — | |
| Net Issuance Payments Of Debt | — | — | — | — | — | — | ($4.5b) | ($4.1b) | ($4.0b) | ($4.8b) | |
| Net Long Term Debt Issuance | — | — | — | — | — | — | ($4.5b) | ($4.1b) | ($4.0b) | ($4.8b) | |
| Proceeds from Issuance of Long-term Debt | $450.0m | $2.5b | $3.7b | $2.1b | $22.8b | $1.9b | $0 | $878.0m | $0 | $2.2b | |
| Long Term Debt Payments | — | — | — | — | — | — | ($4.5b) | ($4.1b) | ($4.0b) | ($4.8b) | |
| Payments on debt and finance lease obligations | ($1.7b) | ($1.3b) | ($3.1b) | ($3.3b) | ($8.6b) | ($5.8b) | ($4.5b) | ($4.1b) | ($4.0b) | ($4.8b) | |
| Repayment Of Debt | — | — | — | — | — | — | ($4.5b) | ($4.1b) | ($4.0b) | ($4.8b) | |
| Net Common Stock Issuance | — | — | — | — | — | $0 | $0 | — | — | — | |
| Common Stock Payments | — | — | — | — | — | $0 | $0 | — | — | — | |
| Payments for Repurchase of Common Stock | $2.6b | $1.7b | $1.6b | $2.0b | $344.0m | $0 | $0 | — | — | — | |
| Cash Dividends Paid | — | — | — | — | — | — | $0 | ($128.0m) | ($321.0m) | ($440.0m) | |
| Cash dividends | ($509.0m) | ($731.0m) | ($909.0m) | ($980.0m) | ($260.0m) | $0 | $0 | ($128.0m) | ($321.0m) | ($440.0m) | |
| Common Stock Dividend Paid | — | — | — | — | — | — | $0 | ($128.0m) | ($321.0m) | — | |
| Dividends paid | $509.0m | $731.0m | $909.0m | $980.0m | $260.0m | $0 | $0 | $128.0m | $321.0m | $440.0m | |
| Net Other Financing Charges | — | — | — | — | — | — | ($60.0m) | $805.0m | $14.0m | $2.2b | |
| Proceeds from (Payments for) Other Financing Activities | $58.0m | $70.0m | $58.0m | ($21.0m) | ($202.0m) | $80.0m | ($60.0m) | ($73.0m) | $14.0m | ($24.0m) | |
| Net Cash Provided by (Used in) Financing Activities | ($4.3b) | ($730.0m) | ($1.7b) | ($2.9b) | $19.4b | ($3.9b) | ($4.5b) | ($3.4b) | ($4.3b) | ($3.1b) | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | $2.8b | $1.9b | $895.0m | $982.0m | $6.3b | ($1.5b) | ($5.1b) | ($78.0m) | $26.0m | $1.1b | |
| Net Increase/(Decrease) in Cash, Cash Equivalents and Restricted Cash | $800.0m | ($973.0m) | $895.0m | $982.0m | $6.3b | ($1.5b) | ($5.1b) | ($78.0m) | $26.0m | $1.1b | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | $800.0m | ($973.0m) | $2.7b | $3.7b | $10.1b | $8.6b | $3.5b | $3.4b | $3.4b | $4.5b | |
| Cash, cash equivalents and restricted cash at beginning of period | $2.8b | $1.9b | $2.7b | $3.7b | $10.1b | $8.6b | $3.5b | $3.4b | $3.4b | $4.5b | |
| Supplemental disclosure of cash flow information: | |||||||||||
| Change In Cash Supplemental As Reported | — | — | — | — | — | — | ($5.1b) | ($78.0m) | $26.0m | $1.1b | |
| Interest Paid, Excluding Capitalized Interest, Operating Activities | $385.0m | $390.0m | $376.0m | $481.0m | $761.0m | $1.5b | $1.3b | $1.2b | $1.0b | $850.0m |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.