Delta Air Lines Cash Flow Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Net Income	4,629	3,457	4,609	1,318	280	-12,385
Depreciation & Amortization	2,134	2,189	2,001	1,800	1,697	2,008
Other Amortization	324	324	340	307	301	304
Asset Writedown & Restructuring Costs	-	-	-	-	-	6,543
Loss (Gain) From Sale of Investments	323	323	-1,283	874	-38	88
Other Operating Activities	-144	1,022	809	-89	-1,504	-1,531
Change in Accounts Receivable	-126	-126	-7	-728	-981	1,168
Change in Inventory	-	-	-	-	-318	354
Change in Accounts Payable	614	614	-285	1,226	1,986	240
Change in Unearned Revenue	457	457	-678	2,226	2,190	-117
Change in Other Net Operating Assets	-235	-235	958	-571	-349	-465
Operating Cash Flow	7,976	8,025	6,464	6,363	3,264	-3,793
Operating Cash Flow Growth	19.47%	24.15%	1.59%	94.95%	-	-
Capital Expenditures	-4,902	-5,140	-5,323	-6,366	-3,247	-1,899
Investment in Securities	7	1,137	2,083	-770	2,381	-7,891
Other Investing Activities	268	264	92	212	-32	552
Investing Cash Flow	-4,627	-3,739	-3,148	-6,924	-898	-9,238
Short-Term Debt Issued	-	-	-	-	-	3,625
Long-Term Debt Issued	-	-	878	-	1,902	25,096
Total Debt Issued	2,215	-	878	-	1,902	28,721
Long-Term Debt Repaid	-	-3,953	-4,071	-4,475	-5,834	-8,559
Total Debt Repaid	-5,473	-3,953	-4,071	-4,475	-5,834	-8,559
Net Debt Issued (Repaid)	-3,258	-3,953	-3,193	-4,475	-3,932	20,162
Repurchase of Common Stock	-	-	-	-	-	-344
Common Dividends Paid	-414	-321	-128	-	-	-260
Other Financing Activities	8	14	-73	-60	80	-202
Financing Cash Flow	-3,664	-4,260	-3,394	-4,535	-3,852	19,356
Net Cash Flow	-315	26	-78	-5,096	-1,486	6,325
Free Cash Flow	3,074	2,885	1,141	-3	17	-5,692
Free Cash Flow Growth	147.11%	152.85%	-	-	-	-
Free Cash Flow Margin	4.89%	4.68%	1.97%	-0.01%	0.06%	-33.30%
Free Cash Flow Per Share	4.71	4.45	1.77	-0.01	0.03	-8.95
Cash Interest Paid	1,001	1,001	1,164	1,261	1,524	761
Levered Free Cash Flow	2,058	1,456	368	247.88	392.25	-6,938
Unlevered Free Cash Flow	2,496	1,923	889.25	891	1,192	-6,357
Change in Working Capital	710	710	-12	2,153	2,528	1,180

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