Delta Air Lines Inc. (DAL)

Statement of Financial Position, Assets
Quarterly Data

Difficulty: Beginner

The statement of financial position provides creditors, investors, and analysts with information on company's resources (assets) and its sources of capital (its equity and liabilities). It normally also provides information about the future earnings capacity of a company's 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 Statement of Financial Position, Assets (quarterly data)

USD $ in millions

		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		Dec 31, 2013		Sep 30, 2013		Jun 30, 2013		Mar 31, 2013
	Cash and cash equivalents
	Short-term investments
	Accounts receivable, net of an allowance for uncollectible accounts
	Fuel inventory
	Expendable parts and supplies inventories, net of an allowance for obsolescence
	Inventories
	Deferred income taxes, net
	Prepaid expenses and other
	Current assets
	Property and equipment, net of accumulated depreciation and amortization
	Goodwill
	Identifiable intangibles, net of accumulated amortization
	Cash restricted for airport construction
	Deferred income taxes, net
	Other noncurrent assets
	Other assets
	Noncurrent assets
	Total assets

Assets, Selected Items

Item	Description	The company
Current assets	Sum of the carrying amounts as of the balance sheet date of all assets that are expected to be realized in cash, sold, or consumed within one year (or the normal operating cycle, if longer). Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events.	Delta Air Lines Inc.'s current assets declined from Q1 2018 to Q2 2018 and from Q2 2018 to Q3 2018.
Property and equipment, net of accumulated depreciation and amortization	Amount after accumulated depreciation, depletion and amortization of physical assets used in the normal conduct of business to produce goods and services and not intended for resale. Examples include, but are not limited to, land, buildings, machinery and equipment, office equipment, and furniture and fixtures.	Delta Air Lines Inc.'s property and equipment, net of accumulated depreciation and amortization increased from Q1 2018 to Q2 2018 and from Q2 2018 to Q3 2018.
Noncurrent assets	Sum of the carrying amounts as of the balance sheet date of all assets that are expected to be realized in cash, sold or consumed after one year or beyond the normal operating cycle, if longer.	Delta Air Lines Inc.'s noncurrent assets increased from Q1 2018 to Q2 2018 and from Q2 2018 to Q3 2018.
Total assets	Sum of the carrying amounts as of the balance sheet date of all assets that are recognized. Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events.	Delta Air Lines Inc.'s total assets increased from Q1 2018 to Q2 2018 but then slightly declined from Q2 2018 to Q3 2018.

Current Assets

Item	Description	The company
Cash and cash equivalents	Amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Excludes cash and cash equivalents within disposal group and discontinued operation.	Delta Air Lines Inc.'s cash and cash equivalents increased from Q1 2018 to Q2 2018 but then declined significantly from Q2 2018 to Q3 2018.
Short-term investments	Amount of investments including trading securities, available-for-sale securities, held-to-maturity securities, and short-term investments classified as other and current.	Delta Air Lines Inc.'s short-term investments declined from Q1 2018 to Q2 2018 and from Q2 2018 to Q3 2018.
Accounts receivable, net of an allowance for uncollectible accounts	Amount due from customers or clients, within one year of the balance sheet date (or the normal operating cycle, whichever is longer), for goods or services (including trade receivables) that have been delivered or sold in the normal course of business, reduced to the estimated net realizable fair value by an allowance established by the entity of the amount it deems uncertain of collection.	Delta Air Lines Inc.'s accounts receivable, net of an allowance for uncollectible accounts declined from Q1 2018 to Q2 2018 but then increased from Q2 2018 to Q3 2018 not reaching Q1 2018 level.
Inventories	Amount after valuation and LIFO reserves of inventory expected to be sold, or consumed within one year or operating cycle, if longer.	Delta Air Lines Inc.'s inventories increased from Q1 2018 to Q2 2018 but then slightly declined from Q2 2018 to Q3 2018 not reaching Q1 2018 level.

	Delta Air Lines Inc.	Other companies (not purchased previously)
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Relative Valuation
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Delta Air Lines Inc. (DAL)

Statement of Financial Position, AssetsQuarterly Data

Assets, Selected Items

Current Assets

Statement of Financial Position, Assets
Quarterly Data