Delta Air Lines Inc. (DAL)

Common-Size Balance Sheet: Liabilities and Stockholders’ Equity
Quarterly Data

Difficulty: Beginner

Delta Air Lines Inc., common-size consolidated balance sheet: liabilities and stockholders’ equity (quarterly data)

		Jun 30, 2019		Mar 31, 2019		Dec 31, 2018		Sep 30, 2018		Jun 30, 2018		Mar 31, 2018		Dec 31, 2017		Sep 30, 2017		Jun 30, 2017		Mar 31, 2017		Dec 31, 2016		Sep 30, 2016		Jun 30, 2016		Mar 31, 2016		Dec 31, 2015		Sep 30, 2015		Jun 30, 2015		Mar 31, 2015		Dec 31, 2014		Sep 30, 2014		Jun 30, 2014		Mar 31, 2014
	Current maturities of long-term debt and finance leases
	Current maturities of operating leases
	Air traffic liability
	Accounts payable
	Accrued salaries and related benefits
	Loyalty program deferred revenue
	Fuel card obligation
	Other accrued liabilities
	Current liabilities
	Long-term debt and finance leases, excluding current maturities
	Pension, postretirement and related benefits
	Loyalty program deferred revenue
	Noncurrent operating leases
	Other noncurrent liabilities
	Noncurrent liabilities
	Total liabilities
	Common stock at $0.0001 par value
	Additional paid-in capital
	Retained earnings
	Accumulated other comprehensive loss
	Treasury stock, at cost
	Stockholders’ equity
	Total liabilities and stockholders’ equity

Item	Description	The company
Current liabilities	Total obligations incurred as part of normal operations that are expected to be paid during the following twelve months or within one business cycle, if longer.	Delta Air Lines Inc.’s current liabilities as a percentage of total liabilities and stockholders’ equity increased from Q4 2018 to Q1 2019 but then slightly declined from Q1 2019 to Q2 2019.
Noncurrent liabilities	Amount of obligation due after one year or beyond the normal operating cycle, if longer.	Delta Air Lines Inc.’s noncurrent liabilities as a percentage of total liabilities and stockholders’ equity declined from Q4 2018 to Q1 2019 and from Q1 2019 to Q2 2019.
Total liabilities	Sum of the carrying amounts as of the balance sheet date of all liabilities that are recognized. Liabilities are probable future sacrifices of economic benefits arising from present obligations of an entity to transfer assets or provide services to other entities in the future.	Delta Air Lines Inc.’s total liabilities as a percentage of total liabilities and stockholders’ equity increased from Q4 2018 to Q1 2019 but then slightly declined from Q1 2019 to Q2 2019 not reaching Q4 2018 level.
Stockholders’ equity	Total of all stockholders’ equity (deficit) items, net of receivables from officers, directors, owners, and affiliates of the entity which are attributable to the parent. The amount of the economic entity’s stockholders’ equity attributable to the parent excludes the amount of stockholders’ equity which is allocable to that ownership interest in subsidiary equity which is not attributable to the parent (noncontrolling interest, minority interest). This excludes temporary equity and is sometimes called permanent equity.	Delta Air Lines Inc.’s stockholders’ equity as a percentage of total liabilities and stockholders’ equity declined from Q4 2018 to Q1 2019 but then increased from Q1 2019 to Q2 2019 not reaching Q4 2018 level.

	Delta Air Lines Inc.	Other companies (not purchased previously)
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Relative Valuation
Discounted Cash Flow (DCF) Valuation
Economic Value Added (EVA)
Long-term Trends
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Financial Statements
Common-Size Financial Statements
Ratios
Relative Valuation
Discounted Cash Flow (DCF) Valuation
Economic Value Added (EVA)
Long-term Trends
Analysis
Financial Reporting Quality

Delta Air Lines Inc. (DAL)

Common-Size Balance Sheet: Liabilities and Stockholders’ EquityQuarterly Data

Common-Size Balance Sheet: Liabilities and Stockholders’ Equity
Quarterly Data