Delta Air Lines, Inc. (FRA:OYC)

Delta Air Lines Cash Flow Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Net Income	5,005	3,457	4,609	1,318	280
Depreciation & Amortization	2,129	2,189	2,001	1,800	1,697
Other Amortization	314	324	340	307	301
Loss (Gain) From Sale of Investments	-1,209	323	-1,283	874	-38
Other Operating Activities	567	1,022	809	-89	-1,504
Change in Accounts Receivable	432	-126	-7	-728	-981
Change in Inventory	-	-	-	-	-318
Change in Accounts Payable	842	614	-285	1,226	1,986
Change in Unearned Revenue	498	457	-678	2,226	2,190
Change in Other Net Operating Assets	-236	-235	958	-571	-349
Operating Cash Flow	8,342	8,025	6,464	6,363	3,264
Operating Cash Flow Growth	3.95%	24.15%	1.59%	94.95%	-
Capital Expenditures	-4,499	-5,140	-5,323	-6,366	-3,247
Investment in Securities	-276	1,137	2,083	-770	2,381
Other Investing Activities	589	264	92	212	-32
Investing Cash Flow	-4,186	-3,739	-3,148	-6,924	-898
Long-Term Debt Issued	2,215	-	878	-	1,902
Total Debt Issued	2,215	-	878	-	1,902
Long-Term Debt Repaid	-4,827	-3,953	-4,071	-4,475	-5,834
Total Debt Repaid	-4,827	-3,953	-4,071	-4,475	-5,834
Net Debt Issued (Repaid)	-2,612	-3,953	-3,193	-4,475	-3,932
Common Dividends Paid	-440	-321	-128	-	-
Other Financing Activities	-24	14	-73	-60	80
Financing Cash Flow	-3,076	-4,260	-3,394	-4,535	-3,852
Net Cash Flow	1,080	26	-78	-5,096	-1,486
Free Cash Flow	3,843	2,885	1,141	-3	17
Free Cash Flow Growth	33.21%	152.85%	-	-	-
Free Cash Flow Margin	6.07%	4.68%	1.97%	-0.01%	0.06%
Free Cash Flow Per Share	5.88	4.45	1.77	-0.01	0.03
Cash Interest Paid	850	1,001	1,164	1,261	1,524
Levered Free Cash Flow	2,955	1,456	-139.5	247.88	392.25
Unlevered Free Cash Flow	3,379	1,923	381.75	891	1,192
Change in Working Capital	1,536	710	-12	2,153	2,528

Source: S&P Global Market Intelligence. Standard template. Financial Sources.