Balance Sheet: Assets
Quarterly Data

The balance sheet provides creditors, investors, and analysts with information on company resources (assets) and its sources of capital (its equity and liabilities). It normally also provides information about the future earnings capacity of a company assets as well as an indication of cash flows that may come from receivables and inventories.

Assets are resources controlled by the company as a result of past events and from which future economic benefits are expected to flow to the entity.

Delta Air Lines Inc., consolidated balance sheet: assets (quarterly data)

US$ in millions

	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019	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
Cash and cash equivalents	9,221)	7,705)	7,933)	8,785)	10,357)	8,460)	8,307)	16,477)	11,366)	5,967)	2,882)	1,899)	2,009)	1,910)	1,565)	1,380)	1,886)	1,447)	1,814)	1,478)	2,241)	1,907)
Short-term investments	1,549)	2,250)	3,386)	4,417)	4,873)	5,575)	5,789)	5,048)	4,302)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)
Accounts receivable, net of an allowance for uncollectible accounts	3,093)	3,039)	2,404)	2,183)	2,258)	1,837)	1,396)	1,503)	1,375)	2,280)	2,854)	2,836)	2,844)	3,154)	2,314)	2,517)	2,427)	2,568)	2,377)	2,399)	2,164)	2,307)
Fuel, expendable parts and supplies inventories, net of allowance for obsolescence	1,734)	1,292)	1,098)	1,012)	1,005)	828)	732)	746)	847)	974)	1,251)	1,072)	1,083)	1,071)	1,055)	1,170)	1,589)	1,146)	1,329)	1,136)	938)	855)
Prepaid expenses and other	1,716)	1,434)	1,119)	1,074)	1,173)	1,153)	1,180)	1,256)	1,025)	1,054)	1,262)	1,137)	1,198)	1,061)	1,406)	1,659)	1,739)	2,563)	2,324)	2,070)	1,834)	1,811)
Current assets	17,313)	15,720)	15,940)	17,471)	19,666)	17,853)	17,404)	25,030)	18,915)	10,275)	8,249)	6,944)	7,134)	7,196)	6,340)	6,726)	7,641)	7,724)	7,844)	7,083)	7,177)	6,880)
Property and equipment, net of accumulated depreciation and amortization	30,519)	30,042)	28,749)	27,816)	27,508)	26,862)	26,529)	26,602)	28,473)	31,644)	31,310)	30,796)	30,165)	29,139)	28,335)	28,565)	28,124)	27,096)	26,563)	25,900)	25,367)	24,817)
Operating lease right-of-use assets	7,189)	7,402)	7,237)	5,827)	5,653)	5,577)	5,733)	5,881)	5,650)	5,488)	5,627)	5,815)	5,906)	6,036)	5,994)	—)	—)	—)	—)	—)	—)	—)
Goodwill	9,753)	9,753)	9,753)	9,753)	9,753)	9,753)	9,753)	9,753)	9,753)	9,753)	9,781)	9,781)	9,781)	9,781)	9,781)	9,794)	9,794)	9,794)	9,794)	9,794)	9,794)	9,794)
Identifiable intangibles, net of accumulated amortization	5,997)	5,999)	6,001)	6,004)	6,006)	6,009)	6,011)	6,014)	6,017)	6,019)	5,163)	4,821)	4,824)	4,827)	4,830)	4,835)	4,839)	4,843)	4,847)	4,851)	4,855)	4,855)
Equity investments	1,771)	1,999)	1,712)	1,919)	2,143)	1,929)	1,665)	1,562)	1,633)	3,684)	2,568)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)
Deferred income taxes, net	1,219)	1,534)	1,294)	1,813)	2,158)	2,306)	1,988)	1,305)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)
Other noncurrent assets	1,044)	1,299)	1,773)	2,180)	2,422)	2,794)	2,913)	2,929)	1,820)	1,875)	1,834)	5,062)	4,708)	4,862)	4,986)	5,083)	5,398)	4,621)	4,244)	4,300)	4,622)	5,113)
Noncurrent assets	57,492)	58,028)	56,519)	55,312)	55,643)	55,230)	54,592)	54,046)	53,346)	58,463)	56,283)	56,275)	55,384)	54,645)	53,926)	48,277)	48,155)	46,354)	45,448)	44,845)	44,638)	44,579)
Total assets	74,805)	73,748)	72,459)	72,783)	75,309)	73,083)	71,996)	79,076)	72,261)	68,738)	64,532)	63,219)	62,518)	61,841)	60,266)	55,003)	55,796)	54,078)	53,292)	51,928)	51,815)	51,459)

Total assets exhibited a long-term upward trajectory, increasing from 51.46 billion USD in March 2017 to 74.81 billion USD by June 2022. This growth was punctuated by a period of extreme volatility between March 2020 and December 2020, where total assets peaked at 79.08 billion USD in September 2020 before stabilizing. The expansion of the balance sheet is primarily attributed to a massive influx of liquidity during the pandemic period and a steady increase in long-term capital investments.

Liquidity and Current Asset Management: A dramatic surge in cash and cash equivalents is observed starting in March 2020, rising from 2.88 billion USD in December 2019 to a peak of 16.48 billion USD by September 2020. This liquidity spike was complemented by the introduction of short-term investments in June 2020, which reached 5.79 billion USD by December 2020. Following this peak, cash levels moderated but remained significantly higher than pre-2020 levels, settling at 9.22 billion USD by June 2022. Current assets overall followed this pattern, peaking at 25.03 billion USD in September 2020.
Operational Working Capital: Accounts receivable remained relatively stable between 2.3 billion USD and 3.1 billion USD from 2017 through 2019. A sharp decline occurred in mid-2020, hitting a low of 1.38 billion USD in June 2020, which aligns with a broad reduction in operational activity. A subsequent recovery is evident, with balances returning to 3.09 billion USD by June 2022. Similarly, fuel and supplies inventories dipped during 2020 but grew aggressively in 2022, reaching a period high of 1.73 billion USD.
Fixed and Long-Term Asset Investment: Property and equipment, net of depreciation, showed a consistent growth trend from 24.82 billion USD in March 2017 to 30.52 billion USD in June 2022. While there was a temporary contraction during 2020, the overall trend indicates continued investment in fleet and infrastructure. Operating lease right-of-use assets were recognized starting in December 2018 at 5.99 billion USD and remained stable until a notable increase to 7.24 billion USD in March 2022.
Intangibles and Other Noncurrent Assets: Goodwill remained almost entirely static throughout the period, holding at approximately 9.78 billion USD. Identifiable intangibles showed a step-increase in December 2019, moving from approximately 4.8 billion USD to over 5.1 billion USD, and later peaking at 6.02 billion USD in March 2020. Equity investments emerged as a significant asset class in December 2019, peaking at 3.68 billion USD in June 2020 before fluctuating between 1.6 billion USD and 2.1 billion USD through June 2022.

Delta Air Lines Inc. (NYSE:DAL)

Balance Sheet: Assets
Quarterly Data

Assets: Selected Items

Current Assets: Selected Items

Delta Air Lines Inc. (NYSE:DAL)

Balance Sheet: AssetsQuarterly Data

Assets: Selected Items

Current Assets: Selected Items

Balance Sheet: Assets
Quarterly Data