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DAL Price Correlated With Financials For Delta Air Lines

Free historical financial statements for Delta Air Lines Inc. See how revenue, income, cash flow, and balance sheet financials have changed over 47 quarters since 2011. Compare with DAL stock chart to see long term trends.

DAL Stock Compared to Quarterly

DAL Income Statement

Revenue, Net:13975000000
Revenue Per Share:21.7955
Selling, General & Admin Expense:546000000
Total Operating Expenses:12519000000
Operating Income:1456000000
Income Taxes:267000000
Net Income:695000000
Earnings Per Share, Basic:1.09
Shares Outstanding, Basic Avg:641188362

DAL Cash Flow

Operating Activities Net Income:
Depreciation, Depletion & Amortization:538000000
Net Cash from Operations:869000000
Net Cash from Operations Per Share:1.3553
Repurchases/Buybacks Common Stock:null
Issuance of Long-term Debt:0
Cash Dividends Paid:null
Net Cash from Financing Activities:-1808000000
Property, Plant & Equipment Purchases:1442000000
Net Cash from Investing Activities:-1288000000
Net Change in Cash & Equivalents:-2227000000

DAL Balance Sheet

Cash and Cash Equivalents:7325000000
Short-Term Investments:1345000000
Total Current Assets:14799000000
Property, Plant & Equipment, Net:31512000000
Total Assets:72596000000
Accounts Payable:4958000000
Current Portion of Long-Term Debt:1723000000
Total Short-Term Liabilities:25870000000
Long Term Debt, Non-Current Portion:19800000000

Insider Trading

SEC Form 4
12,880 sh at $39

Major Holders (from 13F filings)

Investment Type
Value (x$1000)
increase or decrease
Vanguard Group Inc
70,356,139 sh
917,225 sh
Blackrock Inc.
36,576,591 sh
-893,324 sh
Primecap Management Co/Ca/
22,369,318 sh
1,067,362 sh
Capital World Investors
22,189,079 sh
45,027 sh
State Street Corp
20,916,673 sh
-218,358 sh
Geode Capital Management, LLC
12,451,896 sh
314,644 sh
11,678,646 sh
-2,453,545 sh
Morgan Stanley
10,436,264 sh
-1,663,313 sh
Newport Trust Co
10,425,433 sh
Renaissance Technologies LLC
8,815,900 sh
8,317,600 sh
U S Global Investors Inc
7,037,110 sh
-482,989 sh
JPMorgan Chase & Co
6,537,223 sh
-4,721,002 sh
Gallagher Fiduciary Advisors, LLC
6,118,575 sh
-83,317 sh
Neuberger Berman Group LLC
5,951,888 sh
-5,964,510 sh
Citadel Advisors LLC
5,880,677 sh
2,414,277 sh
Millennium Management LLC
5,543,969 sh
2,254,869 sh
Bnp Paribas Arbitrage, Sa
5,518,995 sh
5,518,345 sh
Northern Trust Corp
5,092,339 sh
-477,328 sh
Citadel Advisors LLC
Put options for 4,740,800 sh
4,740,800 sh
Susquehanna International Group, Llp
Call options for 4,399,000 sh
4,399,000 sh

Basis of Presentation

The accompanying unaudited Condensed Consolidated Financial Statements include the accounts of Delta Air Lines, Inc. and our wholly-owned subsidiaries. These financial statements have been prepared in accordance with accounting principles generally accepted in the United States (“GAAP”) for interim financial information. Consistent with these requirements, this Form 10-Q does not include all the information required by GAAP for complete financial statements. As a result, this Form 10-Q should be read in conjunction with the Consolidated Financial Statements and accompanying Notes in our Form 10-K. We reclassified certain prior period amounts, none of which were material, to conform to the current period presentation.

Management believes the accompanying unaudited Condensed Consolidated Financial Statements reflect all adjustments, including normal recurring items and restructuring and other items, considered necessary for a fair statement of results for the interim periods presented.

Due to seasonal variations in the demand for air travel, the volatility of aircraft fuel prices, changes in global economic conditions and other factors, operating results for the three months ended March 31, 2011 are not necessarily indicative of operating results for the entire year.

On July 1, 2010, we sold Compass Airlines, Inc. (“Compass”) and Mesaba Aviation, Inc. (“Mesaba”), our wholly-owned subsidiaries, to Trans States Airlines Inc. (“Trans States”) and Pinnacle Airlines Corp. (“Pinnacle”), respectively. The sales of Compass and Mesaba did not have a material impact on our Condensed Consolidated Financial Statements. Upon the closing of these transactions, we entered into new or amended long-term capacity purchase agreements with Compass, Mesaba, and Pinnacle. Prior to these sales, expenses related to Compass and Mesaba as our wholly-owned subsidiaries were reported on our Consolidated Statement of Operations in the applicable expense line items. Subsequent to these sales, expenses related to Compass and Mesaba are reported as contract carrier arrangements expense.

Recently Issued Accounting Pronouncements

In October 2009, the Financial Accounting Standards Board issued "Revenue Arrangements with Multiple Deliverables." The standard (1) revises guidance on when individual deliverables may be treated as separate units of accounting, (2) establishes a selling price hierarchy for determining the selling price of a deliverable, (3) eliminates the residual method for revenue recognition and (4) provides guidance on allocating consideration among separate deliverables. This guidance applies only to contracts entered into or materially modified after December 31, 2010. We adopted this standard on a prospective basis beginning January 1, 2011. The adoption of this standard did not have a material impact on the timing of revenue recognition or its allocation.

We determined that the only revenue arrangements impacted by the adoption of this standard are those associated with our frequent flyer program (the "SkyMiles Program"). The SkyMiles Program includes two types of transactions which are considered revenue arrangements with multiple deliverables. As discussed below, these are (1) passenger ticket sales earning mileage credits and (2) the sale of mileage credits to participating companies with which we have marketing agreements. Mileage credits are a separate unit of accounting as they can be redeemed by customers in future periods for air travel on Delta and participating airlines, membership in our Sky Club and other program awards.

Passenger Ticket Sales Earning Mileage Credits. The SkyMiles Program allows customers to earn mileage credits by flying on Delta, regional air carriers with which we have contract carrier agreements and airlines that participate in the SkyMiles Program. We applied the new standard to passenger ticket sales

Data imported from Delta Air Lines Inc SEC filings. Check original filings before making any investment decision.