Delta Air Lines Inc. (DAL)

Balance Sheet: Liabilities and Stockholders’ Equity
Quarterly Data

Low level of difficulty

The balance sheet 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.

Liabilities represents obligations of a company arising from past events, the settlement of which is expected to result in an outflow of economic benefits from the entity.

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

US$ in millions

		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		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
	Deferred income taxes, net
	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

Balance sheet 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 declined from Q1 2019 to Q2 2019 and from Q2 2019 to Q3 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 declined from Q1 2019 to Q2 2019 but then increased from Q2 2019 to Q3 2019 exceeding Q1 2019 level.
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 declined from Q1 2019 to Q2 2019 and from Q2 2019 to Q3 2019.
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 increased from Q1 2019 to Q2 2019 and from Q2 2019 to Q3 2019.

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

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Financial Statements
Common-Size Financial Statements
Analysis of Financial Ratios
Relative Valuation
Discounted Cash Flow (DCF) Valuation
Economic Value Added (EVA)
Long-term Trends
Analysis of Components of Financial Statements
Financial Reporting Quality

Delta Air Lines Inc. (DAL)

Balance Sheet: Liabilities and Stockholders’ EquityQuarterly Data

Balance Sheet: Liabilities and Stockholders’ Equity
Quarterly Data