Stock Analysis on Net
Stock Analysis on Net
Microsoft Excel LibreOffice Calc

Delta Air Lines Inc. (NYSE:DAL)

This company was transferred to the archive: financial data is no longer updated!

Adjustments to Financial Statements

Advanced level

Adjustments to Current Assets

Delta Air Lines Inc., adjusted current assets

US$ in millions

Microsoft Excel LibreOffice Calc
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 
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

Microsoft Excel LibreOffice Calc
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 
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

Microsoft Excel LibreOffice Calc
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

Microsoft Excel LibreOffice Calc
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).

1 Operating lease liability (before adoption of FASB Topic 842). See details »

2 Deferred tax liabilities. See details »


Adjustments to Stockholders’ Equity

Delta Air Lines Inc., adjusted stockholders’ equity

US$ in millions

Microsoft Excel LibreOffice Calc
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 
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).

1 Net deferred tax assets (liabilities). See details »


Adjustments to Capitalization Table

Delta Air Lines Inc., adjusted capitalization table

US$ in millions

Microsoft Excel LibreOffice Calc
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 
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).

1 Operating lease liability (before adoption of FASB Topic 842). See details »

2 Current maturities of operating leases. See details »

3 Noncurrent operating leases. See details »

4 Net deferred tax assets (liabilities). See details »


Adjustments to Revenues

Delta Air Lines Inc., adjusted operating revenue

US$ in millions

Microsoft Excel LibreOffice Calc
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

Microsoft Excel LibreOffice Calc
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 —  (3) (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).

1 Deferred income tax expense (benefit). See details »