← 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 TTM
Cash flows from operating activities:
Adjustments to reconcile net income to net cash provided by operating activities:
Net Income (Loss) Attributable to Parent $4.4b
$3.6b -18.20%
$3.9b +10.01%
$4.8b +21.14%
($12.4b) -359.81%
$280.0m +102.26%
$1.3b +370.71%
$4.6b +249.70%
$3.5b -24.99%
$5.0b +44.78%
—
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 $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 $2.4b
Depreciation, Nonproduction $1.9b $2.2b $2.3b — — — — — — — $2.4b
Deferred Income Tax $2.2b $2.1b $1.4b $1.5b $3.1b $115.0m $591.0m $980.0m $1.2b $1.1b $1.1b
Deferred Tax — — — — — — $591.0m $980.0m $1.2b $1.1b $1.1b
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 — — — — — — —
Asset Impairment Charge — — — — — $337.0m $20.0m — — — $20.0m
Restructuring Costs and Asset Impairment Charges $0 — — — — — — — — — —
Income (Loss) from Equity Method Investments $160.0m $1.0m — — — — — — — — —
Nonoperating Income (Expense) ($316.0m) ($413.0m) ($113.0m) ($420.0m) ($3.1b) ($1.5b) ($1.7b) $87.0m ($1.3b) $363.0m —
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) —
Changes in operating assets and liabilities:
Change In Working Capital — — — — — — $2.2b ($12.0m) $710.0m $1.5b $1.5b
Change In Receivables ($147.0m) ($328.0m) $108.0m ($775.0m) $1.2b ($981.0m) ($728.0m) ($7.0m) ($126.0m) $432.0m $432.0m
Change In Inventory — — — — — ($318.0m) ($158.0m) $121.0m — — $121.0m
Increase (Decrease) in Inventories $140.0m $397.0m ($324.0m) $139.0m ($354.0m) $318.0m $158.0m ($121.0m) — — $121.0m
Liabilities and deferred revenue $355.0m $683.0m $616.0m $541.0m ($117.0m) $2.2b $2.2b ($678.0m) $457.0m $498.0m —
Change In Other Current Liabilities — — — — — — $2.4b ($395.0m) $56.0m $10.0m $10.0m
Prepaids and other current assets ($26.0m) ($57.0m) ($440.0m) $94.0m $0 ($58.0m) ($867.0m) $17.0m ($241.0m) ($183.0m) —
Net Cash Provided by (Used in) Operating Activities $7.2b
$5.1b -28.55%
$7.0b +36.25%
$8.4b +20.12%
($3.8b) -145.02%
$3.3b +186.05%
$6.4b +94.94%
$6.5b +1.59%
$8.0b +24.15%
$8.3b +3.95%
$8.3b 0.00%
Cash flows from investing activities:
Property and equipment additions:
Capital Expenditure — — — — — — ($6.4b) ($5.3b) ($5.1b) ($4.5b) ($4.7b)
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) —
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) —
(Gain)/loss on fair value investments — — — — $88.0m ($38.0m) $874.0m ($1.3b) $323.0m ($1.2b) —
Gain (Loss) on Investments $42.0m — $14.0m $119.0m ($105.0m) — ($874.0m) $1.3b ($323.0m) $1.2b —
Payments to Acquire Investments $1.7b $925.0m $145.0m — — — — — — — ($105.0m)
Purchase of short-term investments ($1.7b) ($925.0m) ($145.0m) $0 ($13.4b) ($12.7b) ($2.7b) ($2.3b) $0 $0 —
Redemption of short-term investments $2.7b $584.0m $766.0m $206.0m $7.6b $15.0b $2.8b $4.5b $1.1b $0 —
Net Other Investing Changes — — — — — — $212.0m $92.0m $264.0m $589.0m $567.0m
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) ($4.5b)
Cash flows from financing activities:
Debt agreements modified — — — — — — — $0 $0 $371.0m —
Gain (Loss) on Extinguishment of Debt $0 — — — — ($319.0m) ($100.0m) ($63.0m) ($39.0m) ($26.0m) —
Issuance Of Debt — — — — — $0 $0 — — — $0
Long Term Debt Issuance — — — — — $0 $0 — — — $0
Long Term Debt Payments — — — — — — ($4.5b) ($4.1b) ($4.0b) ($4.8b) ($3.5b)
Net Issuance Payments Of Debt — — — — — — ($4.5b) ($4.1b) ($4.0b) ($4.8b) ($3.5b)
Net Long Term Debt Issuance — — — — — — ($4.5b) ($4.1b) ($4.0b) ($4.8b) ($3.5b)
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) —
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 $0
Repayment Of Debt — — — — — — ($4.5b) ($4.1b) ($4.0b) ($4.8b) ($3.5b)
Common Stock Dividend Paid — — — — — — $0 ($128.0m) ($321.0m) — ($389.0m)
Common Stock Payments — — — — — $0 $0 — — — —
Net Common Stock Issuance — — — — — $0 $0 — — — —
Payments for Repurchase of Common Stock $2.6b $1.7b $1.6b $2.0b $344.0m $0 $0 — — — —
Repurchase Of Capital Stock — — — — — $0 $0 — — — —
Cash Dividends Paid ($509.0m) ($731.0m) ($909.0m) ($980.0m) ($260.0m) $0 $0 ($128.0m) ($321.0m) ($440.0m) ($496.0m)
Dividends paid $509.0m $731.0m $909.0m $980.0m $260.0m $0 $0 $128.0m $321.0m $440.0m ($496.0m)
Net Other Financing Charges — — — — — — ($60.0m) $805.0m $14.0m $2.2b $1.6b
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) +82.86%
($1.7b) -136.44%
($2.9b) -66.86%
$19.4b +772.08%
($3.9b) -119.90%
($4.5b) -17.73%
($3.4b) +25.16%
($4.3b) -25.52%
($3.1b) +27.79%
($2.4b) +23.54%
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, 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 $4.8b
Beginning Cash Position — — — — — — $8.6b $3.5b $3.4b $3.4b $3.5b
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 —
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 $4.8b
Additional Supplementary Disclosures
Additional Supplementary Disclosures
Additional Financial Items
Cash Flow From Continuing Financing Activities — — — — — — ($4.5b) ($3.4b) ($4.3b) ($3.1b) ($2.4b)
Cash Flow From Continuing Investing Activities — — — — — — ($6.9b) ($3.1b) ($3.7b) ($4.2b) ($4.5b)
Change In Cash Supplemental As Reported — — — — — — ($5.1b) ($78.0m) $26.0m $1.1b —
Change In Other Working Capital — — — — — — $324.0m $538.0m $407.0m $435.0m $435.0m
Change In Payable — — — — — — $1.2b ($285.0m) $614.0m $842.0m $842.0m
Change In Prepaid Assets — — — — — — ($1.0b) $137.0m ($241.0m) ($183.0m) ($183.0m)
Changes In Cash — — — — — — ($5.1b) ($78.0m) $26.0m $1.1b $1.2b
Derivative, Gain (Loss) on Derivative, Net $342.0m $7.0m — — — — — — — — —
End Cash Position — — — — — — $3.5b $3.4b $3.4b $4.5b $4.8b
Equity Securities, FV-NI, Gain (Loss) — — — — — $56.0m ($783.0m) $1.3b ($319.0m) $1.2b —
Financing Cash Flow — — — — — — ($4.5b)
($3.4b) +25.16%
($4.3b) -25.52%
($3.1b) +27.79%
($2.4b) +23.54%
Free Cash Flow — — — — — — ($3.0m) $1.1b $2.9b $3.8b $3.4b
Goodwill $9.8b $9.8b $9.8b $9.8b $9.8b $9.8b $9.8b $9.8b $9.8b $9.8b $20.0m
Income Tax Expense (Benefit) $2.3b $2.1b $1.2b $1.4b ($3.2b) $118.0m $596.0m $999.0m $1.2b $1.2b —
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 —
Investing Cash Flow — — — — — — ($6.9b) ($3.1b) ($3.7b) ($4.2b) ($4.5b)
Net Business Purchase And Sale — — — — — — ($870.0m) ($152.0m) $0 ($276.0m) ($276.0m)
Net Investment Purchase And Sale — — — — — — $100.0m $2.2b $1.1b $0 ($105.0m)
Net PPE Purchase And Sale — — — — — — ($6.4b) ($5.3b) ($5.1b) ($4.5b) ($4.7b)
Operating Expenses $32.7b $35.1b $39.2b — — — — — — — —
Operating Gains Losses — — — — — — ($453.0m) ($121.0m) ($296.0m) ($210.0m) ($210.0m)
Operating leases converted to finance leases — $0 $7.0m $190.0m $0 $42.0m $342.0m $84.0m $25.0m $312.0m —
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) ($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) —
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) ($276.0m)
Purchase Of Investment — — — — — — ($2.7b) ($2.3b) $0 $0 ($105.0m)
Purchase Of PPE $3.4b $3.9b $5.2b $4.9b $1.9b $3.2b ($6.4b) ($5.3b) ($5.1b) ($4.5b) ($4.7b)
Right-of-use assets acquired or modified under operating leases — — — — — — $531.0m $661.0m $327.0m $375.0m —
Sale Of Investment — — — — — — $2.8b $4.5b $1.1b $0 $124.0m
Sale Of PPE — — — — — $0 $0 — — — $0
Supplemental disclosure of cash flow information:
Unrealized Gain Loss On Investment Securities — — — — — — $874.0m ($1.3b) $323.0m ($1.2b) ($1.2b)

Amounts are shown in USD as reported in each fiscal year filing.

Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.