Delta air lines, inc. (DAL)
Balance Sheet / TTM
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11Dec'10Sep'10Jun'10Dec'09
ASSETS
Current Assets:
Cash and cash equivalents

6,000

2,882

1,899

2,009

1,910

1,565

1,380

1,886

1,447

1,814

1,478

2,241

1,907

2,762

1,638

1,662

1,708

1,972

2,369

2,293

2,122

2,088

2,510

3,362

2,699

2,844

3,018

2,965

2,636

2,416

2,274

2,539

2,911

2,657

2,307

2,855

2,881

2,892

3,436

4,434

4,607

Short-term investments

-

-

-

-

-

-

478

520

523

825

960

747

743

487

1,514

1,289

1,206

1,465

1,442

1,494

1,447

1,217

1,852

719

959

959

959

958

958

958

959

959

959

958

958

967

958

718

439

0

71

Restricted cash, cash equivalents and short-term investments

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

149

121

125

-

213

173

291

375

401

368

375

305

405

432

390

409

418

409

423

Accounts receivable, net of an allowance for uncollectible accounts of $16 and $13 at March 31, 2020 and December 31, 2019, respectively

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

2,064

1,996

2,102

2,179

2,020

1,974

1,966

2,057

2,297

2,135

2,104

2,042

1,609

1,969

2,084

1,994

1,693

1,785

1,828

1,807

1,563

1,816

1,885

1,848

1,456

1,512

1,645

1,353

Fuel inventory

439

730

568

590

601

592

715

1,149

723

916

720

537

487

519

424

455

367

379

381

553

475

534

602

604

600

706

679

586

624

619

-

-

-

168

-

-

-

-

-

-

-

Expendable parts and supplies inventories, net of an allowance for obsolescence of $82 and $102 at December 31, 2019 and 2018, respectively

535

521

504

493

470

463

455

440

423

413

416

401

368

372

351

340

326

318

314

328

326

318

340

357

348

357

353

376

371

404

403

393

364

367

380

403

349

318

278

285

327

Hedge margin receivable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

454

-

381

134

383

925

-

-

-

3

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Hedge derivative asset

-

-

-

-

-

-

-

-

-

-

-

-

-

-

496

773

2,179

1,987

1,586

966

1,575

1,078

-

-

-

585

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred income taxes, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,710

2,892

3,091

-

2,187

2,029

1,764

1,736

405

451

463

463

465

488

408

461

396

342

281

355

167

236

357

Prepaid expenses and other

1,054

1,262

1,137

1,198

1,061

1,406

1,181

1,219

2,040

1,459

1,110

1,087

1,068

1,247

910

1,017

887

915

816

815

790

701

1,220

1,221

1,209

852

1,355

1,302

1,304

1,344

1,876

1,882

1,475

1,250

1,067

1,179

1,286

1,159

1,071

859

853

Total current assets

10,275

8,249

6,944

7,134

7,196

6,340

6,726

7,641

7,724

7,804

7,083

7,177

6,880

7,451

7,329

7,638

9,306

9,056

11,973

11,441

12,266

9,158

10,995

10,517

9,746

9,651

8,951

8,895

8,641

8,272

8,163

8,457

8,299

7,729

7,329

8,063

7,993

7,307

7,321

7,868

7,991

Noncurrent Assets:
Property and equipment, net of accumulated depreciation and amortization of $17,506 and $17,027 at March 31, 2020 and December 31, 2019, respectively

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

24,375

24,105

23,975

23,422

23,039

22,608

22,480

22,023

21,929

21,722

22,048

21,972

21,854

21,297

21,049

20,793

20,713

20,599

20,609

20,332

20,223

20,256

20,315

20,333

20,307

20,184

20,396

20,433

Operating lease right-of-use assets

5,488

5,627

5,815

5,906

6,036

5,994

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other Assets:
Goodwill

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

9,794

9,794

9,794

9,794

9,794

9,794

9,794

9,794

9,794

9,794

9,794

9,794

9,794

9,794

9,794

9,794

9,794

9,794

9,794

9,794

9,794

9,794

9,794

9,794

9,794

9,794

9,794

9,787

Identifiable intangibles, net of accumulated amortization of $875 and $873 at March 31, 2020 and December 31, 2019, respectively

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

4,844

4,848

4,852

4,856

4,861

4,589

4,594

4,599

4,603

4,614

4,625

4,642

4,658

4,675

4,692

4,709

4,679

4,697

4,716

4,733

4,751

4,697

4,714

4,731

4,749

4,766

4,786

4,829

Cash restricted for airport construction

455

636

753

893

1,018

1,136

1,214

1,326

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Equity investments

3,684

2,568

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred income taxes, net

-

-

-

-

-

-

432

804

1,175

1,354

1,422

2,077

2,750

3,064

3,150

3,797

4,489

4,956

2,834

3,374

4,051

7,595

3,696

4,102

4,854

4,992

-

-2,037

-2,047

0

-2,049

-2,071

-1,959

-2,028

-1,967

-

-

-1,924

-

-

-

Other noncurrent assets

1,420

1,198

4,309

3,815

3,844

3,850

3,437

3,268

3,446

3,309

2,878

2,545

2,363

1,733

1,722

1,578

1,475

1,428

1,848

1,098

1,019

926

1,119

1,105

1,159

1,303

1,280

1,342

1,131

1,092

1,099

1,144

1,031

1,002

960

992

1,030

1,031

1,088

965

749

Total noncurrent assets

58,463

56,283

56,275

55,384

54,645

53,926

-

-

-

45,867

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total other assets

-

-

-

-

-

-

19,712

20,031

19,258

-

18,945

19,271

19,762

19,435

19,514

20,021

20,614

21,039

19,065

18,860

19,463

22,918

19,223

19,626

20,449

20,747

15,749

15,828

15,634

15,565

15,590

15,654

15,558

15,547

15,451

15,500

15,555

15,574

15,648

15,545

15,365

Total assets

68,738

64,532

63,219

62,518

61,841

60,266

55,003

55,796

54,078

53,671

51,928

51,815

51,459

51,261

50,948

51,634

53,342

53,134

53,646

52,781

53,752

54,005

51,940

52,191

52,167

52,252

45,997

45,772

45,068

44,550

44,352

44,720

44,189

43,499

43,036

43,878

43,881

43,188

43,153

43,809

43,789

LIABILITIES AND STOCKHOLDERS' EQUITY
Current Liabilities:
Current maturities of debt and finance leases

4,337

2,287

2,196

2,281

3,055

1,518

1,176

1,342

2,289

2,242

1,224

1,098

1,040

1,131

1,092

1,115

1,531

1,563

1,705

1,659

1,261

1,184

1,169

1,233

1,578

1,547

1,823

1,695

1,593

1,627

1,546

1,779

1,855

1,944

1,937

1,635

1,723

2,073

2,302

1,555

1,533

Current maturities of operating leases

768

801

844

841

941

955

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accounts payable

3,337

3,266

3,470

3,359

3,214

2,976

3,265

3,749

3,351

3,634

3,059

2,726

2,353

2,572

2,567

2,956

2,732

2,743

2,688

2,803

2,492

2,622

2,577

2,536

2,341

2,300

2,592

2,571

2,405

2,293

2,325

2,175

1,998

1,600

1,641

1,900

1,907

1,713

1,661

1,630

1,249

Accrued salaries and related benefits

1,844

3,701

3,119

2,617

2,037

3,287

2,852

2,436

1,915

3,022

2,683

2,259

1,835

2,924

2,628

2,237

1,903

3,195

2,790

2,112

1,622

2,266

2,299

1,802

1,455

1,926

1,769

1,414

1,223

1,680

1,491

1,229

1,071

1,367

1,203

1,086

996

1,370

1,280

1,111

1,037

Fuel card obligation

1,100

736

439

1,067

1,066

1,100

1,066

1,062

1,062

1,067

-

-

-

431

724

895

2,630

2,581

2,194

1,440

2,512

2,772

603

603

604

146

545

604

604

455

391

476

489

318

-

-

-

-

-

-

-

Taxes payable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

687

790

810

-

697

789

735

585

638

722

704

594

597

766

759

579

592

721

525

Other accrued liabilities

1,309

1,078

1,181

1,335

1,397

1,117

1,329

1,521

2,404

1,868

2,243

2,457

2,619

1,907

1,366

1,503

1,719

1,306

1,379

1,468

1,991

2,127

902

768

837

2,250

571

754

873

1,128

985

1,641

1,041

1,549

861

727

613

654

608

699

765

Total current liabilities

19,392

20,204

20,211

21,164

21,323

18,578

18,158

19,269

20,012

18,959

16,496

16,631

15,953

15,239

15,147

16,250

18,108

17,526

17,608

17,082

17,319

16,847

14,813

15,209

15,010

14,152

14,134

14,775

14,068

13,270

13,224

14,693

13,646

12,701

12,012

12,802

12,260

11,385

11,820

11,892

9,797

Noncurrent Liabilities:
Debt and finance leases

12,662

8,873

7,923

7,710

7,710

8,253

8,115

8,562

6,360

6,592

7,584

7,916

8,187

6,201

6,473

6,689

6,920

6,766

7,096

7,598

8,305

8,477

8,970

9,089

9,466

9,795

10,077

10,526

10,721

11,082

11,111

11,221

11,521

11,847

12,557

13,026

13,446

13,179

13,063

14,228

15,665

Pension, postretirement and related benefits

8,285

8,452

8,457

8,516

9,086

9,163

8,902

9,052

9,193

9,810

9,565

9,623

10,291

13,378

12,587

12,576

12,695

13,855

13,867

13,869

14,170

15,138

11,529

11,523

11,811

12,392

15,379

15,356

15,865

16,005

13,688

13,613

13,905

14,200

11,250

11,307

11,487

11,493

11,383

11,320

11,745

Noncurrent operating leases

5,204

5,294

5,441

5,539

5,805

5,801

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred income taxes, net

1,502

1,456

1,245

-

-

163

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,993

-

-

2,047

-

-

-

-

-

1,913

1,851

-

1,734

1,803

1,917

Other noncurrent liabilities

1,666

1,386

1,378

2,025

1,395

969

2,517

2,365

2,320

2,221

2,001

1,885

1,822

1,878

1,956

2,015

2,091

1,891

2,465

2,322

2,457

2,128

1,946

1,735

1,712

1,711

1,709

1,680

1,694

1,649

1,711

1,606

1,489

1,419

1,424

1,383

1,386

1,533

1,522

1,353

1,222

Total noncurrent liabilities

35,037

28,970

27,940

27,396

27,607

28,001

23,141

23,671

21,509

22,182

21,431

21,705

22,561

23,735

23,291

23,574

23,982

24,758

25,693

26,136

27,387

28,345

24,831

24,779

25,516

26,457

31,726

32,181

32,943

33,411

31,176

31,162

31,554

32,194

29,802

30,291

30,863

30,906

30,618

31,718

33,747

Commitments and Contingencies

-

-

-

-

-

-

-

-

-

-

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

-

-

0

-

-

-

Stockholders' Equity:
Common stock at $0.0001 par value; 1,500,000,000 shares authorized, 647,386,115 and 651,731,443 shares issued at March 31, 2020 and December 31, 2019, respectively

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

Additional paid-in capital

11,054

11,129

11,177

11,201

11,254

11,671

11,740

11,807

11,967

12,053

12,133

12,279

12,443

12,294

8,887

9,361

10,339

12,936

11,285

11,681

12,578

12,981

13,464

13,687

13,876

13,982

14,096

14,150

14,120

14,069

14,045

14,031

14,015

13,999

13,983

13,964

13,945

13,926

13,900

13,884

13,827

Retained earnings

11,423

12,454

11,772

10,686

9,656

10,039

9,696

8,851

8,465

8,256

9,502

8,905

8,226

7,903

11,109

10,000

8,462

5,562

6,748

5,540

4,127

3,456

4,244

3,962

3,211

3,049

-5,379

-6,748

-7,382

-7,389

-7,395

-8,442

-8,274

-8,398

-8,823

-9,372

-9,570

-9,252

-9,271

-9,634

-9,845

Accumulated other comprehensive loss

-7,898

-7,989

-7,645

-7,694

-7,766

-7,825

-7,535

-7,606

-7,681

-7,621

-7,476

-7,549

-7,571

-7,636

-7,212

-7,279

-7,279

-7,275

-7,316

-7,288

-7,294

-7,311

-5,100

-5,137

-5,139

-5,130

-8,324

-8,331

-8,426

-8,577

-6,464

-6,490

-6,518

-6,766

-3,724

-3,593

-3,403

-3,578

-3,716

-3,853

-3,563

Treasury stock, at cost, 9,549,909 and 8,959,730 shares at March 31, 2020 and December 31, 2019, respectively

270

236

236

235

233

198

197

196

194

158

158

156

153

274

274

272

270

373

372

370

365

313

312

309

307

258

256

255

255

234

234

234

234

231

214

214

214

199

198

198

174

Total stockholders' equity

14,309

15,358

15,068

13,958

12,911

13,687

13,704

12,856

12,557

12,530

14,001

13,479

12,945

12,287

12,510

11,810

11,252

10,850

10,345

9,563

9,046

8,813

12,296

12,203

11,641

11,643

137

-1,184

-1,943

-2,131

-48

-1,135

-1,011

-1,396

1,222

785

758

897

715

199

245

Total liabilities and stockholders' equity

68,738

64,532

63,219

62,518

61,841

60,266

55,003

55,796

54,078

53,671

51,928

51,815

51,459

51,261

50,948

51,634

53,342

53,134

53,646

52,781

53,752

54,005

51,940

52,191

52,167

52,252

45,997

45,772

45,068

44,550

44,352

44,720

44,189

43,499

43,036

43,878

43,881

43,188

43,153

43,809

43,789

Air traffic
Deferred revenue liability

5,598

5,116

5,762

6,616

6,600

4,661

5,535

6,360

6,233

4,364

5,528

6,365

6,410

4,626

5,142

5,955

5,988

4,503

5,231

6,039

5,866

4,296

4,992

5,803

5,643

4,122

4,583

5,310

4,920

3,696

4,264

5,006

4,729

3,480

4,072

5,001

4,541

3,306

3,767

4,557

3,074

Loyalty program
Deferred revenue liability

1,099

3,219

3,200

3,048

3,013

2,989

2,935

2,799

2,758

2,762

1,759

1,726

1,696

1,648

1,628

1,589

1,605

1,635

1,621

1,561

1,575

1,580

1,584

1,674

1,742

1,861

1,554

1,638

1,715

1,806

1,584

1,665

1,759

1,849

1,701

1,687

1,721

1,690

1,610

1,619

1,614

Loyalty program deferred revenue

5,718

3,509

3,496

3,606

3,611

3,652

3,607

3,692

3,636

3,559

2,281

2,281

2,261

2,278

2,275

2,294

2,276

2,246

2,265

2,347

2,455

2,602

2,386

2,432

2,527

2,559

2,568

2,582

2,616

2,628

2,617

2,651

2,680

2,700

2,604

2,662

2,693

2,777

2,916

3,014

3,198