Delta Air Lines Financials

$11.1 B

Revenue Q3, 2017

$37.8 B

Mkt cap, 16-Feb-2018
Net income (Q3, 2017)1.2 B
EBIT (Q3, 2017)1.8 B
Cash, 30-Sep-20171.5 B

Market Value

Revenue/Financials

Income Statement

Annual

USDFY, 2010FY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016

Revenue

31.8 b35.1 b36.7 b37.8 b40.4 b40.7 b39.6 b

Revenue growth, %

11%4%3%7%1%(3%)

EBIT

3.4 b2.2 b7.8 b7 b

EBIT margin, %

9%5%19%18%

Interest expense

698 m650 m481 m388 m

Pre tax profit

2.5 b1.1 b7.2 b6.6 b

Income tax expense

15 m(85 m)16 m8 b413 m2.6 b2.3 b

Net Income

10.5 b659 m4.5 b4.4 b

Quarterly

USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017

Revenue

10.5 b8.9 b10.6 b11.2 b9.4 b10.7 b11.1 b9.3 b10.4 b10.5 b9.1 b10.8 b11.1 b

Operating expense total

8.9 b8.3 b9 b10.3 b8 b8.2 b8.9 b7.7 b8 b8.5 b8.1 b8.8 b9.2 b

EBIT

1.6 b620 m1.6 b835 m1.4 b2.5 b2.2 b1.5 b2.4 b2 b1.1 b2 b1.8 b

EBIT margin, %

15%7%15%7%15%23%20%17%23%19%12%19%17%

Interest expense

176 m165 m155 m140 m131 m127 m121 m107 m93 m95 m94 m103 m100 m

Pre tax profit

1.4 b335 m1.3 b579 m1.2 b2.4 b2.1 b1.4 b2.4 b1.9 b915 m1.9 b1.8 b

Income tax expense

6 m(122 m)(497 m)(222 m)(440 m)(881 m)(757 m)(488 m)(804 m)(641 m)(312 m)(667 m)(627 m)

Net Income

1.4 b213 m801 m357 m746 m1.5 b1.3 b946 m1.5 b1.3 b603 m1.2 b1.2 b

Balance Sheet

Annual

USDFY, 2013FY, 2014FY, 2015FY, 2016

Cash

2.8 b2.1 b2 b2.8 b

Current Assets

9.7 b12.5 b9.1 b7.5 b

Goodwill

9.8 b9.8 b9.8 b9.8 b

Total Assets

52.3 b54.1 b53.1 b51.3 b

Accounts Payable

2.3 b2.6 b2.7 b2.6 b

Current Liabilities

14.2 b16.9 b17.5 b15.2 b

Non-Current Liabilities

26.5 b28.4 b24.8 b23.7 b

Total Liabilities

40.6 b45.3 b42.3 b39 b

Additional Paid-in Capital

14 b13 b10.9 b12.3 b

Retained Earnings

3 b3.5 b7.6 b7.9 b

Total Equity

11.6 b8.8 b10.9 b12.3 b

Financial Leverage

4.5 x6.1 x4.9 x4.2 x

Quarterly

USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017

Cash

3 b2.7 b3.4 b2.5 b2.1 b2.3 b2.4 b1.7 b1.7 b1.6 b1.9 b2.2 b1.5 b

Current Assets

9 b9.7 b10.5 b11 b12.3 b11.4 b12 b9.3 b7.6 b7.3 b6.9 b7.2 b7.1 b

Goodwill

9.8 b9.8 b9.8 b9.8 b9.8 b9.8 b9.8 b9.8 b9.8 b9.8 b9.8 b9.8 b9.8 b

Total Assets

46 b52.2 b52.2 b51.9 b53.8 b52.8 b53.6 b53.3 b51.6 b50.9 b51.5 b51.8 b51.9 b

Accounts Payable

2.6 b2.3 b2.5 b2.6 b2.5 b2.8 b2.7 b2.7 b3 b2.6 b2.4 b2.7 b3.1 b

Current Liabilities

14.1 b15 b15.2 b14.8 b17.3 b17.1 b17.6 b18.1 b16.3 b15.1 b16 b16.6 b16.5 b

Non-Current Liabilities

31.7 b25.5 b24.8 b24.8 b27.4 b26.1 b25.7 b24 b23.6 b23.3 b22.6 b21.7 b21.4 b

Additional Paid-in Capital

14.1 b13.9 b13.7 b13.5 b12.6 b11.7 b11.3 b10.3 b9.4 b8.9 b12.4 b12.3 b12.1 b

Retained Earnings

(5.4 b)3.2 b4 b4.2 b4.1 b5.5 b6.7 b8.5 b10 b11.1 b8.2 b8.9 b9.5 b

Total Equity

137 m11.6 b12.2 b12.3 b9 b9.6 b10.3 b11.3 b11.8 b12.5 b12.9 b13.5 b14 b

Financial Leverage

335.7 x4.5 x4.3 x4.2 x5.9 x5.5 x5.2 x4.7 x4.4 x4.1 x4 x3.8 x3.7 x

Cash Flow

Annual

USDFY, 2013FY, 2014FY, 2015FY, 2016

Net Income

10.5 b659 m4.5 b4.4 b

Depreciation and Amortization

1.9 b

Inventories

28 m58 m(102 m)(26 m)

Cash From Operating Activities

4.5 b4.9 b7.9 b7.2 b

Cash From Investing Activities

(2.8 b)(2.5 b)(4 b)(2.2 b)

Cash From Financing Activities

(1.3 b)(3.2 b)(4.1 b)(4.3 b)

Quarterly

USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017

Net Income

1.4 b213 m801 m357 m746 m1.5 b1.3 b946 m1.5 b1.3 b603 m1.2 b

Depreciation and Amortization

418 m442 m451 m440 m470 m448 m466 m486 m470 m474 m540 m535 m

Ratios

Y, 2017

Financial Leverage

3.7 x

Operating Metrics

Delta Air Lines's Daily Flights was reported to be 15 k in 2016
Y, 2013FY, 2013Y, 2014FY, 2014Q1, 2015Q2, 2015Q3, 2015Y, 2015FY, 2015Q1, 2016Q2, 2016Q3, 2017Y, 2016FY, 2016Q1, 2017Q2, 2017

Passengers

164.66 m171.36 m179.39 m183.74 m

Destinations

322327328323

Daily Flights

15 k15 k15 k15 k

Cargo Tonne Miles

2.35 b2.37 b2.19 b1.98 b

Passenger Load Factor

83.8%84.7%81.7%85.6%86.8%84.9%82.1%85.5%85.4%84.6%82.9%86.9%

Available Seat Miles

232.74 b239.68 b56.6 b63.94 b68.03 b246.76 b58.15 b65.98 m69.03 b251.87 b57.87 b66.23 m

Revenue Passenger Miles

194.99 b202.93 b46.22 b54.76 b59.08 b209.63 b47.73 b56.42 m58.97 b213.1 b47.95 b57.58 m

Mainline Aircraft in Fleet

743772786800809809814822830832846847

Cost per Available Seat Mile

$0.15$0.16$0.14$0.13$0.13$0.13$0.13$0.12$0.12$0.13$0.14$0.13

Fuel Gallons Consumed

3.89 b918 m1.03 b1.1 b3.99 b930 m1.05 b1.1 b4.02 b918 m1.05 b

Average Fuel Cost Per Gallon

$3.47$2.29$1.7$1.89$1.9$1.33$1.38$1.5$1.49$1.71$1.61

Human Capital

Y, 2016
Hispanic9 %
White60 %
Black21 %
Asian8 %
Other2 %
Source: fortune.com