Adjustments to Financial Statements
Advanced level
Adjustments to Current Assets
Delta Air Lines Inc., adjusted current assets
US$ in millions
|
|
Dec 31, 2019 |
Dec 31, 2018 |
Dec 31, 2017 |
Dec 31, 2016 |
Dec 31, 2015 |
|
As Reported |
|
|
Current assets |
8,249 | 6,340 | 7,844 | 7,451 | 9,056 |
|
Adjustments |
|
|
Add: Allowance for uncollectible accounts |
13 | 12 | 12 | 15 | 9 |
|
After Adjustment |
|
|
Adjusted current assets |
8,262 |
6,352 |
7,856 |
7,466 |
9,065 |
Based on:
10-K (filing date: 2020-02-13),
10-K (filing date: 2019-02-15),
10-K (filing date: 2018-02-23),
10-K (filing date: 2017-02-13),
10-K (filing date: 2016-02-05).
Adjustments to Total Assets
Delta Air Lines Inc., adjusted total assets
US$ in millions
|
|
Dec 31, 2019 |
Dec 31, 2018 |
Dec 31, 2017 |
Dec 31, 2016 |
Dec 31, 2015 |
|
As Reported |
|
|
Total assets |
64,532 | 60,266 | 53,292 | 51,261 | 53,134 |
|
Adjustments |
|
|
Add: Operating lease right-of-use asset (before adoption of FASB Topic 842)1 |
— | — | 12,187 | 8,983 | 8,453 |
|
|
Add: Allowance for uncollectible accounts |
13 | 12 | 12 | 15 | 9 |
|
|
Less: Deferred tax assets (included in Other noncurrent assets)2 |
120 | 242 | 935 | 3,064 | 4,956 |
|
After Adjustment |
|
|
Adjusted total assets |
64,425 |
60,036 |
64,556 |
57,195 |
56,640 |
Based on:
10-K (filing date: 2020-02-13),
10-K (filing date: 2019-02-15),
10-K (filing date: 2018-02-23),
10-K (filing date: 2017-02-13),
10-K (filing date: 2016-02-05).
1 Operating lease right-of-use asset (before adoption of FASB Topic 842). See details »
2 Deferred tax assets (included in Other noncurrent assets). See details »
Adjustments to Current Liabilities
Delta Air Lines Inc., adjusted current liabilities
US$ in millions
|
|
Dec 31, 2019 |
Dec 31, 2018 |
Dec 31, 2017 |
Dec 31, 2016 |
Dec 31, 2015 |
|
As Reported |
|
|
Current liabilities |
20,204 | 18,578 | 18,573 | 15,239 | 17,526 |
|
Adjustments |
|
|
Less: Current loyalty program deferred revenue |
3,219 | 2,989 | 1,822 | 1,648 | 1,635 |
|
After Adjustment |
|
|
Adjusted current liabilities |
16,985 |
15,589 |
16,751 |
13,591 |
15,891 |
Based on:
10-K (filing date: 2020-02-13),
10-K (filing date: 2019-02-15),
10-K (filing date: 2018-02-23),
10-K (filing date: 2017-02-13),
10-K (filing date: 2016-02-05).
Adjustments to Total Liabilities
Delta Air Lines Inc., adjusted total liabilities
US$ in millions
|
|
Dec 31, 2019 |
Dec 31, 2018 |
Dec 31, 2017 |
Dec 31, 2016 |
Dec 31, 2015 |
|
As Reported |
|
|
Total liabilities |
49,174 | 46,579 | 39,382 | 38,974 | 42,284 |
|
Adjustments |
|
|
Add: Operating lease liability (before adoption of FASB Topic 842)1 |
— | — | 12,187 | 8,983 | 8,453 |
|
|
Less: Deferred tax liabilities2 |
1,456 | 163 | — | — | — |
|
|
Less: Loyalty program deferred revenue |
6,728 | 6,641 | 4,118 | 3,926 | 3,881 |
|
After Adjustment |
|
|
Adjusted total liabilities |
40,990 |
39,775 |
47,451 |
44,031 |
46,856 |
Based on:
10-K (filing date: 2020-02-13),
10-K (filing date: 2019-02-15),
10-K (filing date: 2018-02-23),
10-K (filing date: 2017-02-13),
10-K (filing date: 2016-02-05).
Adjustments to Stockholders’ Equity
Delta Air Lines Inc., adjusted stockholders’ equity
US$ in millions
|
|
Dec 31, 2019 |
Dec 31, 2018 |
Dec 31, 2017 |
Dec 31, 2016 |
Dec 31, 2015 |
|
As Reported |
|
|
Stockholders’ equity |
15,358 | 13,687 | 13,910 | 12,287 | 10,850 |
|
Adjustments |
|
|
Less: Net deferred tax assets (liabilities)1 |
(1,336) | 79 | 935 | 3,064 | 4,956 |
|
|
Add: Allowance for uncollectible accounts |
13 | 12 | 12 | 15 | 9 |
|
|
Add: Loyalty program deferred revenue |
6,728 | 6,641 | 4,118 | 3,926 | 3,881 |
|
After Adjustment |
|
|
Adjusted stockholders’ equity |
23,435 |
20,261 |
17,105 |
13,164 |
9,784 |
Based on:
10-K (filing date: 2020-02-13),
10-K (filing date: 2019-02-15),
10-K (filing date: 2018-02-23),
10-K (filing date: 2017-02-13),
10-K (filing date: 2016-02-05).
Adjustments to Capitalization Table
Delta Air Lines Inc., adjusted capitalization table
US$ in millions
|
|
Dec 31, 2019 |
Dec 31, 2018 |
Dec 31, 2017 |
Dec 31, 2016 |
Dec 31, 2015 |
|
As Reported |
|
|
Current maturities of debt and finance leases |
2,287 | 1,518 | 2,242 | 1,131 | 1,563 |
|
|
Debt and finance leases, excluding current maturities |
8,873 | 8,253 | 6,592 | 6,201 | 6,766 |
|
|
Total reported debt |
11,160 |
9,771 |
8,834 |
7,332 |
8,329 |
|
|
Stockholders’ equity |
15,358 | 13,687 | 13,910 | 12,287 | 10,850 |
|
|
Total reported capital |
26,518 |
23,458 |
22,744 |
19,619 |
19,179 |
|
Adjustments to Debt |
|
|
Add: Operating lease liability (before adoption of FASB Topic 842)1 |
— | — | 12,187 | 8,983 | 8,453 |
|
|
Add: Current maturities of operating leases2 |
801 | 955 | — | — | — |
|
|
Add: Noncurrent operating leases3 |
5,294 | 5,801 | — | — | — |
|
|
Adjusted total debt |
17,255 |
16,527 |
21,021 |
16,315 |
16,782 |
|
Adjustments to Equity |
|
|
Less: Net deferred tax assets (liabilities)4 |
(1,336) | 79 | 935 | 3,064 | 4,956 |
|
|
Add: Allowance for uncollectible accounts |
13 | 12 | 12 | 15 | 9 |
|
|
Add: Loyalty program deferred revenue |
6,728 | 6,641 | 4,118 | 3,926 | 3,881 |
|
|
Adjusted stockholders’ equity |
23,435 |
20,261 |
17,105 |
13,164 |
9,784 |
|
After Adjustment |
|
|
Adjusted total capital |
40,690 |
36,788 |
38,126 |
29,479 |
26,566 |
Based on:
10-K (filing date: 2020-02-13),
10-K (filing date: 2019-02-15),
10-K (filing date: 2018-02-23),
10-K (filing date: 2017-02-13),
10-K (filing date: 2016-02-05).
Adjustments to Revenues
Delta Air Lines Inc., adjusted operating revenue
US$ in millions
|
12 months ended: |
Dec 31, 2019 |
Dec 31, 2018 |
Dec 31, 2017 |
Dec 31, 2016 |
Dec 31, 2015 |
|
As Reported |
|
|
Operating revenue |
47,007 | 44,438 | 41,244 | 39,639 | 40,704 |
|
Adjustment |
|
|
Add: Increase (decrease) in loyalty program deferred revenue |
87 | 320 | 192 | 45 | (301) |
|
After Adjustment |
|
|
Adjusted operating revenue |
47,094 |
44,758 |
41,436 |
39,684 |
40,403 |
Based on:
10-K (filing date: 2020-02-13),
10-K (filing date: 2019-02-15),
10-K (filing date: 2018-02-23),
10-K (filing date: 2017-02-13),
10-K (filing date: 2016-02-05).
Adjustments to Reported Income
Delta Air Lines Inc., adjusted net income
US$ in millions
|
12 months ended: |
Dec 31, 2019 |
Dec 31, 2018 |
Dec 31, 2017 |
Dec 31, 2016 |
Dec 31, 2015 |
|
As Reported |
|
|
Net income |
4,767 | 3,935 | 3,577 | 4,373 | 4,526 |
|
Adjustments |
|
|
Add: Deferred income tax expense (benefit)1 |
1,473 | 1,364 | 2,071 | 2,223 | 2,581 |
|
|
Add: Increase (decrease) in allowance for uncollectible accounts |
1 | — | (3) | 6 | (2) |
|
|
Add: Increase (decrease) in loyalty program deferred revenue |
87 | 320 | 192 | 45 | (301) |
|
|
Add: Other comprehensive income (loss) |
(164) | (98) | 15 | (361) | 36 |
|
After Adjustment |
|
|
Adjusted net income |
6,164 |
5,521 |
5,852 |
6,286 |
6,840 |
Based on:
10-K (filing date: 2020-02-13),
10-K (filing date: 2019-02-15),
10-K (filing date: 2018-02-23),
10-K (filing date: 2017-02-13),
10-K (filing date: 2016-02-05).
