Delta air lines, inc. (DAL)
CashFlow / Yearly
Dec'19Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12Dec'11Dec'10Dec'09Dec'08
Net Cash Provided by Operating Activities
Net income

4,767

3,935

3,205

4,195

4,526

659

10,540

1,009

854

593

-1,237

-8,922

Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization

2,581

2,329

2,222

1,886

1,835

1,771

1,658

1,565

1,523

1,511

1,536

1,266

Amortization of debt discount, net

-

-

-

-

-

-

-

193

193

216

370

20

Other Noncash Expense

-

-

-

-

-

-

-

-

-

391

-

-

Hedge derivative contracts

-

-

-

-

1,366

-2,186

86

209

-135

136

148

443

Deferred income taxes

1,473

1,364

2,242

2,118

2,581

414

-7,991

17

-2

9

-329

-119

Pension, postretirement and postemployment payments greater than expense

922

790

3,302

717

1,013

723

-624

-208

-308

-301

307

-278

Share-based Compensation

-

-

-

-

-

-

-

-

-

89

108

54

Restructuring and other

-

-

-

-

-

758

285

184

142

182

0

892

Extinguishment of debt

-

-

-

-

-

-268

0

-118

-

-

-83

-

Equity investment earnings

-

-

-

-

35

-106

24

0

-

-

-

-

SkyMiles used pursuant to advance purchase under American Express Agreements

-

-

-

-

-

-

333

333

49

0

-

-

Impairment of goodwill and other intangible assets

-

-

-

-

-

-

-

-

-

-

-

7,296

Changes in certain assets and liabilities:
Receivables

775

-108

428

134

56

302

-90

116

76

141

-147

-194

Restricted cash and cash equivalents

-

-

-

-

-

-62

-231

51

-153

-16

-79

-320

Fuel inventory

139

-324

397

140

-155

-172

87

451

8

36

-

-

Hedge margin

-

-

-

-

-806

922

-14

-14

-

-

-1,132

680

Prepaid expenses and other current assets

-94

440

57

26

102

-58

-28

134

8

-29

61

18

Air traffic liability

-

-

-

-

207

174

426

216

174

232

-286

-

Frequent flyer deferred revenue

-

-

-

-

-301

-238

-121

-115

82

-345

-298

-255

Profit sharing

354

233

-51

-383

734

264

133

-

-

-

-

-

Accounts payable and accrued liabilities

144

-418

955

298

-201

-36

80

899

303

516

143

-526

Other Assets and Liabilities

-

-

-

-

-

-

-

-

373

98

138

-

Other, net

307

-247

-49

-237

157

276

285

-122

99

105

-29

-134

Net Cash Provided by Operating Activities

8,425

7,014

5,023

7,215

7,927

4,947

4,504

2,476

2,834

2,832

1,379

-1,707

Cash Flows from Investing Activities:
Property and equipment additions:
Flight equipment, including advance payments

3,344

3,704

2,704

2,617

2,223

1,662

2,117

1,196

907

1,055

951

1,281

Ground property and equipment, including technology

1,592

1,464

1,187

774

722

587

404

772

347

287

251

241

Purchase of equity investments

170

0

1,245

0

500

0

360

0

0

-

-

-

Sale of equity investments

279

28

0

-

-

-

-

-

-

-

-

-

Acquisition of London-Heathrow slots

-

-

-

-

-

0

47

-

-

-

-

-

Increase in cash in connection with the Merger

-

-

-

-

-

-

-

-

-

-

-

2,441

Proceeds for sales of E190 aircraft

-

-

-

-

-

0

-

-

-

-

-

-154

Purchase of short-term investments

0

145

925

1,707

998

1,795

959

958

1,078

815

0

-

Redemption of short-term investments

206

766

584

2,686

739

1,533

1,117

1,019

844

149

256

-

Other, net

-58

-126

-211

-257

251

-48

-14

55

10

18

62

-8

Net cash used in investing activities

-4,563

-4,393

-5,266

-2,155

-3,955

-2,463

-2,756

-1,962

-1,498

-2,026

-1,008

1,598

Cash Flows from Financing Activities:
Payments on debt and finance lease obligations

3,320

3,052

1,258

1,709

2,558

2,928

1,461

2,864

4,172

3,722

2,891

-1,296

Repurchase of common stock

2,027

1,575

1,677

2,601

2,200

1,100

250

0

0

-

-

-

Cash dividends

980

909

731

509

359

251

102

0

0

-

-

-

Proceeds from short-term obligations

1,750

0

0

211

-

-

-

-

-

-

-

-

Payments of Debt Issuance Costs

-

-

-

-

-

-

-

-

-

19

0

-

(Purchase) redemption of short-term investments

-

-

-

-

-

-

-

-

-

-

-

92

Proceeds from (Repayments of) Lines of Credit

-

-

-

-

-

-

-

-

-

-

0

-

Proceeds from American Express Agreement

-

-

-

-

-

-

-

-

-

-

-

1,000

Payments on hedge derivative contracts

-

-

-

-

71

0

0

-

-

-

-

-

Proceeds from hedge derivative contracts

-

-

-

-

429

0

0

-

-

-

-

-

Proceeds from long-term obligations

2,057

3,745

2,454

450

1,038

1,020

268

1,965

2,395

1,130

2,966

2,132

Fuel card obligation

339

7

636

-

-340

-41

147

-

318

0

-

300

Proceeds from sale of treasury stock, net of commissions

-

-

-

-

-

-

-

-

-

-

-

192

Other, net

-21

58

-154

-102

-27

60

78

144

-112

90

-94

-12

Net cash provided by/(used in) financing activities

-2,880

-1,726

-730

-4,260

-4,088

-3,240

-1,320

-755

-1,571

-2,521

-19

1,716

Net Increase in Cash, Cash Equivalents and Restricted Cash Equivalents

982

895

-973

800

-

-

-

-

-

-

0

-609

Supplemental Disclosure of Cash Paid for Interest

481

376

390

385

452

560

698

834

925

1,036

867

742

Non-Cash Transactions:
Flight and ground equipment acquired under finance leases

650

93

261

86

111

28

67

28

117

329

57

32

Right-of-use assets acquired under operating leases

464

1,041

0

0

-

-

-

-

-

-

-

-

Treasury stock contributed to our qualified defined benefit pension plans

0

0

350

350

0

0

-

-

-

-

-

-

Operating leases converted to finance leases

190

7

0

-

-

-

-

-

-

-

-

-

Reconciliation of Cash, Cash Equivalents, and Restricted Cash Equivalents
Net (Decrease) Increase in Cash and Cash Equivalents

-

-

-

-

-116

-756

428

-241

-235

-1,715

352

1,607

Noncurrent Assets:
Build-to-suit leased facilities

-

-

-

-

-

-

114

214

-126

0

0

-

American Express advance purchase of restricted SkyMiles

-

-

-

-

-

-

285

0

0

-

-

-

SkyMiles used pursuant to advance purchase under American Express Agreements

-

-

-

-

-

-

-

-

-

110

0

303

Debt Relief Through Vendor Negotiations

-

-

-

-

-

-

-

-

-

160

0

-

Aircraft delivered under seller financing

-

-

-

-

-

-

-

-

-

-

139

-

Shares of Delta common stock issued or issuable in connection with the Merger

-

-

-

-

-

-

-

-

-

-

-

3,251

Air traffic
Liabilities and deferred revenue

454

297

284

157

-

-

-

-

-

-

-

-374

Loyalty program
Liabilities and deferred revenue

87

319

399

198

-

-

-

-

-

-

-

-