10-Q Filing

DELTA AIR LINES, INC. CIK: 27904 Q1 2017

Filing Information

Form Type	10-Q
Accession Number	`0000027904-17-000008`
Period End Date	20170331
Filing Date	20170412
Fiscal Year	2017
Fiscal Period	Q1
XBRL Instance	dal331201710q_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 87 Income Statement 60 Cash Flow Statement 46

Balance Sheet 87 line items

Line Item	Tag	Value	Unit	Period
Allowance for uncollectible accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$15.00M	USD	Point-in-time
Allowance for uncollectible accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$11.00M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.97B	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.71B	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.91B	USD	Point-in-time
Allowance for obsolescence	`AirlineRelatedInventoryValuationReserves`	$110.00M	USD	Point-in-time
Allowance for obsolescence	`AirlineRelatedInventoryValuationReserves`	$114.00M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$2.76B	USD	Point-in-time
Short-term investments	`ShortTermInvestments`	$743.00M	USD	Point-in-time
Short-term investments	`ShortTermInvestments`	$487.00M	USD	Point-in-time
Accounts receivable, net of an allowance for uncollectible accounts of $11 and $15 at March 31, 2017 and December 31, 2016, respectively	`ReceivablesNetCurrent`	$2.06B	USD	Point-in-time
Accumulated depreciation and amortization	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$12.93B	USD	Point-in-time
Accumulated depreciation and amortization	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$12.46B	USD	Point-in-time
Accounts receivable, net of an allowance for uncollectible accounts of $11 and $15 at March 31, 2017 and December 31, 2016, respectively	`ReceivablesNetCurrent`	$2.31B	USD	Point-in-time
Fuel inventory	`InventoryFinishedGoods`	$519.00M	USD	Point-in-time
Fuel inventory	`InventoryFinishedGoods`	$487.00M	USD	Point-in-time
Accumulated amortization of identifiable intangible assets	`FiniteLivedIntangibleAssetsAccumulatedAmortization`	$833.00M	USD	Point-in-time
Accumulated amortization of identifiable intangible assets	`FiniteLivedIntangibleAssetsAccumulatedAmortization`	$828.00M	USD	Point-in-time
Expendable parts and supplies inventories, net of an allowance for obsolescence of $114 and $110 at March 31, 2017 and December 31, 2016, respectively	`AirlineRelatedInventoryNet`	$372.00M	USD	Point-in-time
Expendable parts and supplies inventories, net of an allowance for obsolescence of $114 and $110 at March 31, 2017 and December 31, 2016, respectively	`AirlineRelatedInventoryNet`	$368.00M	USD	Point-in-time
Prepaid expenses and other	`PrepaidExpenseAndOtherAssetsCurrent`	$1.07B	USD	Point-in-time
Prepaid expenses and other	`PrepaidExpenseAndOtherAssetsCurrent`	$1.25B	USD	Point-in-time
Total current assets	`AssetsCurrent`	$6.88B	USD	Point-in-time
Total current assets	`AssetsCurrent`	$7.45B	USD	Point-in-time
Common stock, par value per share (in usd per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock, par value per share (in usd per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	1.50B	shares	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	1.50B	shares	Point-in-time
Property and equipment, net of accumulated depreciation and amortization of $12,932 and $12,456 at March 31, 2017 and December 31, 2016, respectively	`PropertyPlantAndEquipmentNet`	$24.38B	USD	Point-in-time
Property and equipment, net of accumulated depreciation and amortization of $12,932 and $12,456 at March 31, 2017 and December 31, 2016, respectively	`PropertyPlantAndEquipmentNet`	$24.82B	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	744.89M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	742.89M	shares	Point-in-time
Treasury stock, at cost, shares	`TreasuryStockShares`	7.36M	shares	Point-in-time
Treasury stock, at cost, shares	`TreasuryStockShares`	14.15M	shares	Point-in-time
Goodwill	`Goodwill`	$9.79B	USD	Point-in-time
Goodwill	`Goodwill`	$9.79B	USD	Point-in-time
Identifiable intangibles, net of accumulated amortization of $833 and $828 at March 31, 2017 and December 31, 2016, respectively	`IntangibleAssetsNetExcludingGoodwill`	$4.84B	USD	Point-in-time
Identifiable intangibles, net of accumulated amortization of $833 and $828 at March 31, 2017 and December 31, 2016, respectively	`IntangibleAssetsNetExcludingGoodwill`	$4.86B	USD	Point-in-time
Deferred income taxes, net	`DeferredTaxAssetsLiabilitiesNetNoncurrent`	$3.06B	USD	Point-in-time
Deferred income taxes, net	`DeferredTaxAssetsLiabilitiesNetNoncurrent`	$2.75B	USD	Point-in-time
Other noncurrent assets	`OtherAssetsNoncurrent`	$2.36B	USD	Point-in-time
Other noncurrent assets	`OtherAssetsNoncurrent`	$1.73B	USD	Point-in-time
Total other assets	`OtherAssets`	$19.76B	USD	Point-in-time
Total other assets	`OtherAssets`	$19.43B	USD	Point-in-time
Total assets	`Assets`	$51.46B	USD	Point-in-time
Total assets	`Assets`	$51.26B	USD	Point-in-time
Total assets	`Assets`	$53.34B	USD	Point-in-time
Current maturities of long-term debt and capital leases	`LongTermDebtAndCapitalLeaseObligationsCurrent`	$1.04B	USD	Point-in-time
Current maturities of long-term debt and capital leases	`LongTermDebtAndCapitalLeaseObligationsCurrent`	$1.13B	USD	Point-in-time
Air traffic liability	`AirTrafficLiabilityCurrent`	$4.63B	USD	Point-in-time
Air traffic liability	`AirTrafficLiabilityCurrent`	$6.41B	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$2.35B	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$2.57B	USD	Point-in-time
Accrued salaries and related benefits	`EmployeeRelatedLiabilitiesCurrent`	$1.83B	USD	Point-in-time
Accrued salaries and related benefits	`EmployeeRelatedLiabilitiesCurrent`	$2.92B	USD	Point-in-time
Frequent flyer deferred revenue	`FrequentFlierLiabilityCurrent`	$1.70B	USD	Point-in-time
Frequent flyer deferred revenue	`FrequentFlierLiabilityCurrent`	$1.65B	USD	Point-in-time
Other accrued liabilities	`OtherAccruedLiabilitiesCurrent`	$2.34B	USD	Point-in-time
Other accrued liabilities	`OtherAccruedLiabilitiesCurrent`	$2.62B	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$15.24B	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$15.95B	USD	Point-in-time
Long-term debt and capital leases	`LongTermDebtAndCapitalLeaseObligations`	$6.20B	USD	Point-in-time
Long-term debt and capital leases	`LongTermDebtAndCapitalLeaseObligations`	$8.19B	USD	Point-in-time
Pension, postretirement and related benefits	`PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent`	$13.38B	USD	Point-in-time
Pension, postretirement and related benefits	`PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent`	$10.29B	USD	Point-in-time
Frequent flyer deferred revenue	`FrequentFlierLiabilityNoncurrent`	$2.28B	USD	Point-in-time
Frequent flyer deferred revenue	`FrequentFlierLiabilityNoncurrent`	$2.26B	USD	Point-in-time
Other noncurrent liabilities	`OtherLiabilitiesNoncurrent`	$1.88B	USD	Point-in-time
Other noncurrent liabilities	`OtherLiabilitiesNoncurrent`	$1.82B	USD	Point-in-time
Total noncurrent liabilities	`LiabilitiesNoncurrent`	$23.73B	USD	Point-in-time
Total noncurrent liabilities	`LiabilitiesNoncurrent`	$22.56B	USD	Point-in-time
Commitments and Contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and Contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Common stock at $0.0001 par value; 1,500,000,000 shares authorized, 742,894,980 and 744,886,938 shares issued at March 31, 2017 and December 31, 2016, respectively	`CommonStockValue`	-	USD	Point-in-time
Common stock at $0.0001 par value; 1,500,000,000 shares authorized, 742,894,980 and 744,886,938 shares issued at March 31, 2017 and December 31, 2016, respectively	`CommonStockValue`	-	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$12.29B	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$12.44B	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$8.23B	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$7.90B	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-7.57B	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-7.64B	USD	Point-in-time
Treasury stock, at cost, 7,364,567 and 14,149,229 shares at March 31, 2017 and December 31, 2016, respectively	`TreasuryStockValue`	$274.00M	USD	Point-in-time
Treasury stock, at cost, 7,364,567 and 14,149,229 shares at March 31, 2017 and December 31, 2016, respectively	`TreasuryStockValue`	$153.00M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$12.95B	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$12.29B	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$51.46B	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$51.26B	USD	Point-in-time

Income Statement 60 line items

Line Item	Tag	Value	Unit	Period
Mainline	`PassengerRevenueMainline`	$6.44B	USD	1 Quarter
Mainline	`PassengerRevenueMainline`	$6.40B	USD	1 Quarter
Regional carriers	`PassengerRevenueRegional`	$1.28B	USD	1 Quarter
Regional carriers	`PassengerRevenueRegional`	$1.32B	USD	1 Quarter
Total passenger revenue	`PassengerRevenue`	$7.76B	USD	1 Quarter
Total passenger revenue	`PassengerRevenue`	$7.69B	USD	1 Quarter
Cargo	`CargoAndFreightRevenue`	$160.00M	USD	1 Quarter
Cargo	`CargoAndFreightRevenue`	$162.00M	USD	1 Quarter
Other	`OtherSalesRevenueNet`	$1.30B	USD	1 Quarter
Other	`OtherSalesRevenueNet`	$1.33B	USD	1 Quarter
Total operating revenue	`Revenues`	$9.25B	USD	1 Quarter
Total operating revenue	`Revenues`	$9.15B	USD	1 Quarter
Salaries and related costs	`LaborAndRelatedExpense`	$2.31B	USD	1 Quarter
Salaries and related costs	`LaborAndRelatedExpense`	$2.47B	USD	1 Quarter
Aircraft fuel and related taxes	`FuelCosts`	$1.23B	USD	1 Quarter
Aircraft fuel and related taxes	`FuelCosts`	$1.24B	USD	1 Quarter
Regional carriers expense	`AirlineCapacityPurchaseArrangements`	$1.11B	USD	1 Quarter
Regional carriers expense	`AirlineCapacityPurchaseArrangements`	$1.01B	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$486.00M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$540.00M	USD	1 Quarter
Contracted services	`ProfessionalAndContractServicesExpense`	$523.00M	USD	1 Quarter
Contracted services	`ProfessionalAndContractServicesExpense`	$476.00M	USD	1 Quarter
Aircraft maintenance materials and outside repairs	`AircraftMaintenanceMaterialsAndRepairs`	$518.00M	USD	1 Quarter
Aircraft maintenance materials and outside repairs	`AircraftMaintenanceMaterialsAndRepairs`	$449.00M	USD	1 Quarter
Passenger commissions and other selling expenses	`SellingAndMarketingExpense`	$404.00M	USD	1 Quarter
Passenger commissions and other selling expenses	`SellingAndMarketingExpense`	$388.00M	USD	1 Quarter
Landing fees and other rents	`LandingFeesAndOtherRentals`	$365.00M	USD	1 Quarter
Landing fees and other rents	`LandingFeesAndOtherRentals`	$348.00M	USD	1 Quarter
Passenger service	`CostOfServicesCatering`	$220.00M	USD	1 Quarter
Passenger service	`CostOfServicesCatering`	$189.00M	USD	1 Quarter
Profit sharing	`OtherLaborRelatedExpenses`	$272.00M	USD	1 Quarter
Profit sharing	`OtherLaborRelatedExpenses`	$151.00M	USD	1 Quarter
Aircraft rent	`AircraftRental`	$66.00M	USD	1 Quarter
Aircraft rent	`AircraftRental`	$84.00M	USD	1 Quarter
Other	`OtherCostAndExpenseOperating`	$493.00M	USD	1 Quarter
Other	`OtherCostAndExpenseOperating`	$467.00M	USD	1 Quarter
Total operating expense	`OperatingExpenses`	$8.10B	USD	1 Quarter
Total operating expense	`OperatingExpenses`	$7.71B	USD	1 Quarter
Operating Income	`OperatingIncomeLoss`	$1.54B	USD	1 Quarter
Operating Income	`OperatingIncomeLoss`	$1.05B	USD	1 Quarter
Interest expense, net	`InterestIncomeExpenseNet`	$-107.00M	USD	1 Quarter
Interest expense, net	`InterestIncomeExpenseNet`	$-94.00M	USD	1 Quarter
Miscellaneous, net	`OtherNonoperatingIncomeExpense`	$1.00M	USD	1 Quarter
Miscellaneous, net	`OtherNonoperatingIncomeExpense`	$-44.00M	USD	1 Quarter
Total non-operating expense, net	`NonoperatingIncomeExpense`	$-106.00M	USD	1 Quarter
Total non-operating expense, net	`NonoperatingIncomeExpense`	$-138.00M	USD	1 Quarter
Income Before Income Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$1.43B	USD	1 Quarter
Income Before Income Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$915.00M	USD	1 Quarter
Income Tax Provision	`IncomeTaxExpenseBenefit`	$312.00M	USD	1 Quarter
Income Tax Provision	`IncomeTaxExpenseBenefit`	$488.00M	USD	1 Quarter
Net Income	`NetIncomeLoss`	$946.00M	USD	1 Quarter
Net Income	`NetIncomeLoss`	$603.00M	USD	1 Quarter
Basic Earnings Per Share (in USD per share)	`EarningsPerShareBasic`	$0.83	USD	1 Quarter
Basic Earnings Per Share (in USD per share)	`EarningsPerShareBasic`	$1.22	USD	1 Quarter
Diluted Earnings Per Share (in USD per share)	`EarningsPerShareDiluted`	$1.21	USD	1 Quarter
Diluted Earnings Per Share (in USD per share)	`EarningsPerShareDiluted`	$0.82	USD	1 Quarter
Cash Dividends Declared Per Share (in USD per share)	`CommonStockDividendsPerShareDeclared`	$0.14	USD	1 Quarter
Cash Dividends Declared Per Share (in USD per share)	`CommonStockDividendsPerShareDeclared`	$0.20	USD	1 Quarter
Comprehensive Income	`ComprehensiveIncomeNetOfTax`	$942.00M	USD	1 Quarter
Comprehensive Income	`ComprehensiveIncomeNetOfTax`	$668.00M	USD	1 Quarter

Cash Flow Statement 46 line items

Line Item	Tag	Value	Unit	Period
Net Cash (Used In) Provided by Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$1.01B	USD	1 Quarter
Net Cash (Used In) Provided by Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$-801.00M	USD	1 Quarter
Flight equipment, including advance payments	`PaymentsForFlightEquipment`	$595.00M	USD	1 Quarter
Flight equipment, including advance payments	`PaymentsForFlightEquipment`	$764.00M	USD	1 Quarter
Ground property and equipment, including technology	`PaymentsToAcquireOtherProductiveAssets`	$207.00M	USD	1 Quarter
Ground property and equipment, including technology	`PaymentsToAcquireOtherProductiveAssets`	$107.00M	USD	1 Quarter
Purchase of equity investments	`PaymentsToAcquireEquityMethodInvestments`	-	USD	1 Quarter
Purchase of equity investments	`PaymentsToAcquireEquityMethodInvestments`	$622.00M	USD	1 Quarter
Purchase of short-term investments	`PaymentsToAcquireInvestments`	$488.00M	USD	1 Quarter
Purchase of short-term investments	`PaymentsToAcquireInvestments`	$463.00M	USD	1 Quarter
Redemption of short-term investments	`ProceedsFromSaleMaturityAndCollectionsOfInvestments`	$207.00M	USD	1 Quarter
Redemption of short-term investments	`ProceedsFromSaleMaturityAndCollectionsOfInvestments`	$753.00M	USD	1 Quarter
Other, net	`PaymentsForProceedsFromOtherInvestingActivities`	$-5.00M	USD	1 Quarter
Other, net	`PaymentsForProceedsFromOtherInvestingActivities`	$54.00M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-1.73B	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-601.00M	USD	1 Quarter
Payments on long-term debt and capital lease obligations	`RepaymentsOfLongTermDebtAndCapitalSecurities`	$459.00M	USD	1 Quarter
Payments on long-term debt and capital lease obligations	`RepaymentsOfLongTermDebtAndCapitalSecurities`	$288.00M	USD	1 Quarter
Repurchase of common stock	`PaymentsForRepurchaseOfCommonStock`	$200.00M	USD	1 Quarter
Repurchase of common stock	`PaymentsForRepurchaseOfCommonStock`	$775.00M	USD	1 Quarter
Cash dividends	`PaymentsOfDividends`	$107.00M	USD	1 Quarter
Cash dividends	`PaymentsOfDividends`	$149.00M	USD	1 Quarter
Fuel card obligation	`ProceedsFromRepaymentsOfShortTermDebt`	$334.00M	USD	1 Quarter
Fuel card obligation	`ProceedsFromRepaymentsOfShortTermDebt`	$141.00M	USD	1 Quarter
Proceeds from short-term obligations	`ProceedsFromShortTermDebt`	$68.00M	USD	1 Quarter
Proceeds from short-term obligations	`ProceedsFromShortTermDebt`	-	USD	1 Quarter
Proceeds from long-term obligations	`ProceedsFromIssuanceOfLongTermDebt`	$2.00B	USD	1 Quarter
Proceeds from long-term obligations	`ProceedsFromIssuanceOfLongTermDebt`	$450.00M	USD	1 Quarter
Other, net	`ProceedsFromPaymentsForOtherFinancingActivities`	$8.00M	USD	1 Quarter
Other, net	`ProceedsFromPaymentsForOtherFinancingActivities`	$-21.00M	USD	1 Quarter
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-674.00M	USD	1 Quarter
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$1.68B	USD	1 Quarter
Net Decrease in Cash and Cash Equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-855.00M	USD	1 Quarter
Net Decrease in Cash and Cash Equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-264.00M	USD	1 Quarter
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$1.97B	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$1.71B	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$1.91B	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$2.76B	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$1.97B	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$1.71B	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$1.91B	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$2.76B	USD	Point-in-time
Treasury stock contributed to our qualified defined benefit pension plans	`DividendsSharebasedCompensationStock`	$350.00M	USD	1 Quarter
Treasury stock contributed to our qualified defined benefit pension plans	`DividendsSharebasedCompensationStock`	$350.00M	USD	1 Quarter
Flight and ground equipment acquired under capital leases	`CapitalLeaseObligationsIncurred`	$27.00M	USD	1 Quarter
Flight and ground equipment acquired under capital leases	`CapitalLeaseObligationsIncurred`	$186.00M	USD	1 Quarter

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.