Microsoft Excel LibreOffice Calc

Delta Air Lines Inc. (DAL)


Cash Flow Statement

Difficulty: Beginner

The cash flow statement provides information about a company’s cash receipts and cash payments during an accounting period, showing how these cash flaws link the ending cash balance to the beginning balance shown on the company’s balance sheet.

The cash flow statement consists of three parts: cash flows provided by (used in) operating activities, cash flows provided by (used in) investing activities, and cash flows provided by (used in) financing activities.

Delta Air Lines Inc., consolidated cash flow statement

US$ in millions

Microsoft Excel LibreOffice Calc
12 months ended Dec 31, 2018 Dec 31, 2017 Dec 31, 2016 Dec 31, 2015 Dec 31, 2014
Net income 3,935  3,577  4,373  4,526  659 
Depreciation and amortization 2,329  2,235  1,902  1,835  1,771 
Deferred income taxes 1,364  2,071  2,223  2,581  414 
Pension, postretirement and postemployment payments greater than expense (790) (3,302) (717) (1,013) (723)
Receivables 108  (328) (147) (56) (302)
Fuel inventory 324  (397) (140) 155  172 
Prepaid expenses and other current assets (440) (57) (26) (102) 58 
Air traffic liability 297  262  123  207  174 
Loyalty program deferred revenue 319  192  45  (301) (238)
Profit sharing 233  (51) (383) 734  264 
Accounts payable and accrued liabilities (418) 992  285  (201) (36)
Changes in certain assets and liabilities 423  613  (243) 436  92 
Adjustments to reconcile net income to net cash provided by operating activities 3,326  1,617  3,165  3,839  1,554 
Other, net (247) (46) (333) (438) 2,734 
Net cash provided by operating activities 7,014  5,148  7,205  7,927  4,947 
Flight equipment, including advance payments (3,704) (2,704) (2,617) (2,223) (1,662)
Ground property and equipment, including technology (1,464) (1,187) (774) (722) (587)
Property and equipment additions (5,168) (3,891) (3,391) (2,945) (2,249)
Purchase of equity investments —  (1,245) —  (500) — 
Purchase of short-term investments (145) (925) (1,707) (998) (1,795)
Redemption of short-term investments 766  584  2,686  739  1,533 
Other, net 154  111  257  (251) 48 
Net cash used in investing activities (4,393) (5,366) (2,155) (3,955) (2,463)
Payments on long-term debt and finance lease obligations (3,052) (1,258) (1,709) (2,558) (2,928)
Repurchase of common stock (1,575) (1,677) (2,601) (2,200) (1,100)
Cash dividends (909) (731) (509) (359) (251)
Fuel card obligation 636  211  (340) (41)
Proceeds from long-term obligations 3,745  2,454  450  1,038  1,020 
Other, net 58  (154) (102) 331  60 
Net cash used in financing activities (1,726) (730) (4,260) (4,088) (3,240)
Net increase (decrease) in cash, cash equivalents and restricted cash 895  (948) 790  (116) (756)
Cash, cash equivalents and restricted cash at beginning of period 1,853  2,762  1,972  2,088  2,844 
Cash, cash equivalents and restricted cash at end of period 2,748  1,814  2,762  1,972  2,088 

Based on: 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), 10-K (filing date: 2015-02-11).

Cash flow statement item Description The company
Net cash provided by operating activities Amount of cash inflow (outflow) from operating activities, excluding discontinued operations. Operating activity cash flows include transactions, adjustments, and changes in value not defined as investing or financing activities. Delta Air Lines Inc.’s net cash provided by operating activities declined from 2016 to 2017 but then increased from 2017 to 2018 not reaching 2016 level.
Net cash used in investing activities Amount of cash inflow (outflow) of investing activities, excluding discontinued operations. Investing activity cash flows include making and collecting loans and acquiring and disposing of debt or equity instruments and property, plant, and equipment and other productive assets. Delta Air Lines Inc.’s net cash used in investing activities declined from 2016 to 2017 but then slightly increased from 2017 to 2018.
Net cash used in financing activities Amount of cash inflow (outflow) of financing activities, excluding discontinued operations. Financing activity cash flows include obtaining resources from owners and providing them with a return on, and a return of, their investment; borrowing money and repaying amounts borrowed, or settling the obligation; and obtaining and paying for other resources obtained from creditors on long-term credit. Delta Air Lines Inc.’s net cash used in financing activities increased from 2016 to 2017 but then slightly declined from 2017 to 2018.