Delta Air Lines, Inc. (DAL)
NYSE: DAL · Real-Time Price · USD
76.66
+2.03 (2.72%)
Oct 20, 2026, 4:00 PM EDT - Market closed
Delta Air Lines Cash Flow Statement
Financials in millions USD. Fiscal year is January - December.
Millions USD. Fiscal year is Jan - Dec.
Operating Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 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 | 3,289 | 5,005 | 3,457 | 4,609 | 1,318 | 280 |
Depreciation & Amortization | 2,270 | 2,129 | 2,189 | 2,001 | 1,800 | 1,697 |
Other Amortization | 314 | 314 | 324 | 340 | 307 | 301 |
Loss (Gain) From Sale of Investments | -1,209 | -1,209 | 323 | -1,283 | 874 | -38 |
Other Operating Activities | 1,800 | 567 | 1,022 | 809 | -89 | -1,504 |
Change in Accounts Receivable | 432 | 432 | -126 | -7 | -728 | -981 |
Change in Inventory | - | - | - | - | - | -318 |
Change in Accounts Payable | 842 | 842 | 614 | -285 | 1,226 | 1,986 |
Change in Unearned Revenue | 498 | 498 | 457 | -678 | 2,226 | 2,190 |
Change in Other Net Operating Assets | -236 | -236 | -235 | 958 | -571 | -349 |
Operating Cash Flow | 8,000 | 8,342 | 8,025 | 6,464 | 6,363 | 3,264 |
Operating Cash Flow Growth | 0.30% | 3.95% | 24.15% | 1.59% | 94.95% | - |
Investing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 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 |
Capital Expenditures | -4,978 | -4,499 | -5,140 | -5,323 | -6,366 | -3,247 |
Investment in Securities | -426 | -276 | 1,137 | 2,083 | -770 | 2,381 |
Other Investing Activities | 598 | 589 | 264 | 92 | 212 | -32 |
Investing Cash Flow | -4,806 | -4,186 | -3,739 | -3,148 | -6,924 | -898 |
Financing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 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 |
Long-Term Debt Issued | - | 2,215 | - | 878 | - | 1,902 |
Total Debt Issued | 1,428 | 2,215 | - | 878 | - | 1,902 |
Long-Term Debt Repaid | - | -4,827 | -3,953 | -4,071 | -4,475 | -5,834 |
Total Debt Repaid | -4,230 | -4,827 | -3,953 | -4,071 | -4,475 | -5,834 |
Net Debt Issued (Repaid) | -2,802 | -2,612 | -3,953 | -3,193 | -4,475 | -3,932 |
Common Dividends Paid | -515 | -440 | -321 | -128 | - | - |
Other Financing Activities | 34 | -24 | 14 | -73 | -60 | 80 |
Financing Cash Flow | -3,283 | -3,076 | -4,260 | -3,394 | -4,535 | -3,852 |
Net Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 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 Cash Flow | -89 | 1,080 | 26 | -78 | -5,096 | -1,486 |
Free Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 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 |
Free Cash Flow | 3,022 | 3,843 | 2,885 | 1,141 | -3 | 17 |
Free Cash Flow Growth | -1.69% | 33.21% | 152.85% | - | - | - |
Free Cash Flow Margin | 4.21% | 6.07% | 4.68% | 1.97% | -0.01% | 0.06% |
Free Cash Flow Per Share | 4.60 | 5.88 | 4.45 | 1.77 | -0.01 | 0.03 |
Levered Free Cash Flow | 2,492 | 2,955 | 1,456 | -139.5 | 247.88 | 392.25 |
Unlevered Free Cash Flow | 2,867 | 3,379 | 1,923 | 381.75 | 891 | 1,192 |
Additional Metrics
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 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 |
Cash Interest Paid | 850 | 850 | 1,001 | 1,164 | 1,261 | 1,524 |
Change in Working Capital | 1,536 | 1,536 | 710 | -12 | 2,153 | 2,528 |