Stock Analysis on Net
Stock Analysis on Net

Delta Air Lines Inc. (NYSE:DAL)

$22.49

This company has been moved to the archive! The financial data has not been updated since July 13, 2022.

Balance Sheet: Liabilities and Stockholders’ Equity
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.

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.

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

US$ in millions

Microsoft Excel
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
Current maturities of 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
Debt and finance leases, excluding current maturities
Noncurrent air traffic liability
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 deficit)
Accumulated other comprehensive loss
Treasury stock, at cost
Stockholders’ equity
Total liabilities and stockholders’ equity

Based on: 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-K (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30), 10-Q (reporting date: 2017-06-30), 10-Q (reporting date: 2017-03-31).

Current maturities of debt and finance leases
This liability item increased notably from 1,040 million USD in early 2017 to a peak of 5,230 million USD mid-2020, followed by a decrease through 2021 and into 2022, indicating rising short-term repayment obligations during 2020 with subsequent reductions.
Current maturities of operating leases
Data from late 2018 shows a gradual decrease from 955 million USD to 636 million USD by late 2021, with a slight rebound in early 2022. This suggests a declining short-term lease obligation over the period.
Air traffic liability
This liability showed cyclical fluctuations with peaks typically in the first quarters, rising sharply from 6,410 million USD in early 2017 to highs above 8,800 million USD in early 2022. The liability dipped to lower values mid-pandemic, reflecting decreased passenger activity, then rebounded strongly in 2022.
Accounts payable
Accounts payable increased steadily from 2,353 million USD in early 2017 to over 5,300 million USD by mid-2022. The consistent upward trend reflects increasing operational or supplier-related obligations.
Accrued salaries and related benefits
This liability fluctuated substantially, with increases through 2019 peaking at about 3,700 million USD, followed by significant declines during 2020, a recovery trend in 2021, and a moderate rise in 2022. The 2020 drop corresponds to the period of pandemic impact on staffing costs.
Loyalty program deferred revenue
Both current and noncurrent components reveal growth from 2017 through pre-pandemic 2019, with a sudden drop in current liabilities related to loyalty programs during 2020. Noncurrent deferred revenue remained elevated in this period but also reduced gradually from mid-2020 onward, indicating shifts in customer prepayments and program dynamics.
Fuel card obligation
Fuel card obligations were stable around 1,000 to 1,100 million USD for most periods, with a pronounced decrease in late 2019 and early 2020, followed by partial recovery, suggesting fluctuations in fuel purchasing commitments.
Other accrued liabilities
This category showed volatility with an increase to over 3,300 million USD in mid-2020, likely reflecting accrual of varying operating expenses during the pandemic period, followed by a decline and fluctuations thereafter.
Current liabilities
Overall current liabilities increased from about 15,953 million USD early 2017 to a high point near 20,150 million USD in mid-2020, then fell sharply by end-2020, before rebounding again to 26,324 million USD in mid-2022. The pattern indicates increased short-term funding needs during the pandemic and growing obligations into 2022.
Debt and finance leases, excluding current maturities
Noncurrent debt slightly declined through 2017, rose sharply from about 12,662 million USD in early 2020 to nearly 30,000 million USD by late 2020, then declined gradually in 2021 and 2022. This reflects increased financing activities to manage pandemic-related liquidity needs, followed by partial deleveraging.
Noncurrent air traffic liability
From small or missing values pre-2020, the noncurrent air traffic liability appears post-pandemic with modest values fluctuating between 130 and 500 million USD, possibly reflecting deferral of longer-term passenger payments.
Pension, postretirement and related benefits
This liability decreased from over 10,000 million USD in 2017 to about 6,000 million USD by mid-2022, with a notable rise in late 2020 and early 2021 before resuming decline. The pattern may indicate actuarial re-assessments or funding actions impacting obligations.
Noncurrent operating leases
From 2018 to 2022, noncurrent operating leases hovered between 5,200 and 7,200 million USD with an upward trend starting in late 2020, signaling increasing long-term lease commitments or adjustments.
Deferred income taxes, net
Data is incomplete but shows a presence of this asset from 2019 with values around 1,200 to 1,500 million USD, suggesting some deferred tax credit balances during this period.
Other noncurrent liabilities
These liabilities showed considerable variability, increasing from 1,822 million USD in early 2017 to nearly 5,000 million USD in mid-2020, then declining gradually through 2022. This volatility may relate to reserve adjustments or deferred expense recognitions.
Noncurrent liabilities
Noncurrent liabilities overall increased from 22,561 million USD in early 2017 to a peak of nearly 56,000 million USD in late 2020, followed by a steady decline through 2022, consistent with patterns of increased borrowing and commitment extensions during the pandemic, followed by deleveraging.
Total liabilities
Total liabilities gradually rose from about 38,500 million USD in early 2017 to a pandemic-era peak around 75,700 million USD late 2020, then showed a slight decline and stabilization near 70,994 million USD by mid-2022. The large increase in liabilities highlights financial strain and response measures during the pandemic.
Additional paid-in capital
This equity component remained relatively stable between approximately 11,000 and 12,400 million USD, showing minimal fluctuation, indicating limited new equity issuance or retirements over the period.
Retained earnings (accumulated deficit)
Retained earnings increased steadily from 8,226 million USD in early 2017 to a peak of 12,454 million USD in late 2019, then collapsed dramatically into negative territory through 2020 and early 2021, with a partial but inconsistent recovery afterward, reflecting heavy losses related to operational disruptions.
Accumulated other comprehensive loss
This component remained a significant negative balance around -7,000 to -9,000 million USD, dipping further negative in the pandemic period and partially recovering later, indicating sustained unrealized losses impacting equity.
Treasury stock, at cost
Treasury stock increased marginally in cost from approximately -153 million USD to about -313 million USD by mid-2022, reflecting stable repurchase activity without major changes.
Stockholders’ equity
Overall stockholders’ equity peaked near 15,358 million USD in late 2019 before plunging to a low of about 1,534 million USD by the end of 2020. A gradual recovery took place through 2021 and into 2022, yet equity levels remained substantially below pre-pandemic highs, highlighting the significant financial impact sustained.
Total liabilities and stockholders’ equity
This aggregate increased steadily from just above 51,400 million USD in early 2017 to nearly 79,100 million USD in late 2020, then declined and stabilized around 74,800 million USD by mid-2022, driven primarily by shifting liabilities and equity reduction.