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 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	4,240	5,005	3,457	4,609	1,318	280
Depreciation & Amortization	1,890	2,443	2,513	2,341	2,107	1,998
Other Adjustments	-860	-310	1,182	-424	1,012	-1,961
Change in Receivables	-	432	-126	-7	-728	-981
Changes in Inventories	-	-	-	-	-	-318
Changes in Accrued Expenses	1,068	-53	6	821	455	108
Changes in Unearned Revenue	-2,457	498	457	-678	2,226	2,190
Changes in Other Operating Activities	1,012	327	536	-198	-27	1,948
Operating Cash Flow	8,134	8,342	8,025	6,464	6,363	3,264
Operating Cash Flow Growth	9.87%	3.95%	24.15%	1.59%	94.95%	-
Capital Expenditures	-4,724	-4,499	-5,140	-5,323	-6,366	-3,247
Purchases of Investments	-381	-276	-	-2,464	-3,574	-12,655
Proceeds from Sale of Investments	-	-	1,137	4,547	2,804	15,036
Other Investing Activities	567	589	264	92	212	-32
Investing Cash Flow	-4,538	-4,186	-3,739	-3,148	-6,924	-898
Short-Term Debt Issued	1,250	-	-	-	-	-
Net Short-Term Debt Issued (Repaid)	1,250	-	-	-	-	-
Long-Term Debt Issued	320	2,215	-	878	-	1,902
Long-Term Debt Repaid	-3,455	-4,827	-3,953	-4,071	-4,475	-5,834
Net Long-Term Debt Issued (Repaid)	-3,135	-2,612	-3,953	-3,193	-4,475	-3,932
Common Dividends Paid	-496	-440	-321	-128	-	-
Other Financing Activities	29	-24	14	-73	-60	80
Financing Cash Flow	-2,352	-3,076	-4,260	-3,394	-4,535	-3,852
Net Cash Flow	1,244	1,080	26	-78	-5,096	-1,486
Free Cash Flow	3,410	3,843	2,885	1,141	-3	17
Free Cash Flow Growth	-11.27%	33.21%	152.85%	-	-	-
FCF Margin	4.99%	6.06%	4.68%	1.97%	-0.01%	0.06%
Free Cash Flow Per Share	5.21	5.88	4.45	1.77	-0.00	0.03
Levered Free Cash Flow	-1,145	1,109	-2,124	-1,621	-4,762	-973
Unlevered Free Cash Flow	1,075	3,427	2,821	1,501	916	4,006

SEC Filings: 10-K · 10-Q