Delta Air Lines, Inc. (DAL) quarterly balance sheet — complete assets, liabilities & equity history
Delta Air Lines, Inc. (DAL) balance sheet — 30-year assets, liabilities & shareholders' equity history
| Metric | Q3'26 | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 |
|---|
| Total Current Assets | 13.49B | 14.24B | 13.66B | 10.97B | 11.23B | 10.98B | 11.24B | 9.84B | 11.06B | 11.59B | 11.58B | 10.27B | 12.26B | 13.08B | 13.4B | 13.01B | 14.8B | 17.31B | 15.72B | 15.94B |
| Cash & Short-Term Investments | 3.79B | 4.67B | 5.05B | 4.31B | 3.79B | 3.33B | 3.71B | 3.07B | 3.98B | 4.23B | 4.47B | 3.87B | 5B | 6.04B | 6.61B | 6.53B | 8.37B | 10.77B | 9.96B | 11.32B |
| Cash Only | 3.79B | 4.67B | 5.05B | 4.31B | 3.79B | 3.33B | 3.71B | 3.07B | 3.97B | 4.11B | 3.88B | 2.74B | 2.83B | 2.67B | 3.21B | 3.27B | 7.02B | 9.22B | 7.71B | 7.93B |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 8M | 124M | 589M | 1.13B | 2.17B | 3.37B | 3.4B | 3.27B | 1.34B | 1.55B | 2.25B | 3.39B |
| Accounts Receivable | 4.33B | 4.31B | 4.09B | 2.85B | 3.61B | 3.75B | 3.65B | 3.22B | 3.55B | 3.81B | 3.75B | 3.13B | 3.21B | 3.12B | 3.22B | 3.18B | 3.1B | 3.09B | 3.04B | 2.4B |
| Days Sales Outstanding | 19.67 | 19.34 | 19.7 | 18.57 | 20.33 | 20.24 | 22.04 | 20.03 | 21.6 | 20.65 | 22.76 | 20.52 | 18.82 | 18.54 | 22.57 | 21.48 | 20.38 | 20.18 | 26.2 | 22.28 |
| Inventory | 2.64B | 2.56B | 1.77B | 1.6B | 1.54B | 1.52B | 1.49B | 1.43B | 1.47B | 1.49B | 1.45B | 1.31B | 1.51B | 1.44B | 1.38B | 1.42B | 1.47B | 1.73B | 1.29B | 1.1B |
| Days Inventory Outstanding | 17.75 | 14.99 | 13.39 | 11.64 | 11.06 | 11.8 | 11.89 | 11.98 | 11.78 | 11.59 | 11.55 | 12.09 | 11.99 | 11.74 | 11.51 | 13.11 | 13.91 | 13.05 | 12.41 | 12.42 |
| Other Current Assets | 2.74B | 2.71B | 2.75B | 2.21B | 2.28B | 2.37B | 2.39B | 2.12B | 2.07B | 2.06B | 1.91B | 1.96B | 2.53B | 2.48B | 2.19B | 0 | 0 | 0 | 0 | 0 |
| Total Non-Current Assets | 72.56B | 72.08B | 70.77B | 70.22B | 68.39B | 67.41B | 66.11B | 65.53B | 64.31B | 63.61B | 63.39B | 63.38B | 60.99B | 60.42B | 59.73B | 59.28B | 57.8B | 57.49B | 58.03B | 56.52B |
| Property, Plant & Equipment | 48.33B | 47.71B | 46.88B | 45.99B | 45.57B | 45.26B | 44.71B | 44.24B | 43.55B | 43.15B | 42.7B | 42.49B | 41.55B | 40.93B | 40.32B | 40.15B | 38.47B | 37.71B | 37.44B | 35.92B |
| Fixed Asset Turnover | 0.42x | 0.42x | 0.34x | 0.35x | 0.37x | 0.37x | 0.32x | 0.35x | 0.36x | 0.39x | 0.32x | 0.34x | 0.38x | 0.38x | 0.32x | 0.34x | 0.37x | 0.37x | 0.25x | 0.27x |
| Goodwill | 9.75B | 9.75B | 9.75B | 9.75B | 9.75B | 9.75B | 9.75B | 9.75B | 9.75B | 9.75B | 9.75B | 9.75B | 9.75B | 9.75B | 9.75B | 9.75B | 9.75B | 9.75B | 9.75B | 9.75B |
| Intangible Assets | 5.96B | 5.96B | 5.96B | 5.97B | 5.97B | 5.97B | 5.97B | 5.97B | 5.98B | 5.98B | 5.98B | 5.98B | 5.99B | 5.99B | 5.99B | 5.99B | 5.99B | 6B | 6B | 6B |
| Long-Term Investments | 3.82B | 4.04B | 3.7B | 4.22B | 3.88B | 3.56B | 2.82B | 2.85B | 3.27B | 3.02B | 3.25B | 3.46B | 2.29B | 2.39B | 2.25B | 2.13B | 1.58B | 1.77B | 2B | 1.71B |
| Other Non-Current Assets | 4.7B | 4.62B | 4.47B | 4.29B | 3.22B | 2.87B | 2.85B | 2.71B | 1.76B | 1.71B | 1.71B | 1.69B | 1.41B | 1.36B | 993M | 934M | 1.06B | 1.04B | 1.3B | 1.77B |
| Total Assets | 86.05B | 86.32B | 84.43B | 81.19B | 79.62B | 78.39B | 77.34B | 75.37B | 75.37B | 75.2B | 74.97B | 73.64B | 73.25B | 73.5B | 73.13B | 72.28B | 72.6B | 74.81B | 73.75B | 72.47B |
| Asset Turnover | 0.23x | 0.23x | 0.19x | 0.20x | 0.21x | 0.21x | 0.18x | 0.21x | 0.21x | 0.22x | 0.19x | 0.19x | 0.21x | 0.21x | 0.18x | 0.19x | 0.19x | 0.19x | 0.13x | 0.13x |
| Asset Growth % | 8.07% | 10.11% | 9.17% | 7.71% | 5.65% | 4.25% | 3.17% | 2.35% | 2.9% | 2.31% | 2.51% | 1.89% | 0.9% | -1.75% | -0.83% | -0.27% | -0.26% | -0.67% | 0.91% | 0.66% |
| Total Current Liabilities | 33.58B | 33.6B | 32.7B | 27.67B | 28.25B | 28.55B | 29.7B | 26.67B | 28.12B | 28.76B | 28.48B | 26.42B | 27.56B | 28.48B | 28.42B | 25.94B | 25.87B | 26.32B | 24.06B | 20.97B |
| Accounts Payable | 6.59B | 6.74B | 5.97B | 5.23B | 5.02B | 5.06B | 4.81B | 4.65B | 4.54B | 4.88B | 4.54B | 4.45B | 5.32B | 5.11B | 4.75B | 5.11B | 4.96B | 5.35B | 4.81B | 4.24B |
| Days Payables Outstanding | 45.55 | 44.04 | 44.52 | 37.94 | 36.36 | 38.69 | 38.6 | 38.05 | 37.59 | 37.13 | 37.51 | 41.85 | 42.47 | 41.14 | 40.47 | 45.55 | 44.72 | 43.82 | 47.01 | 48.61 |
| Short-Term Debt | 4.24B | 3.44B | 3.09B | 2.41B | 2.85B | 2.22B | 2.94B | 2.17B | 3.32B | 2.95B | 2.81B | 2.98B | 1.98B | 2.06B | 2.14B | 2.36B | 2.03B | 1.94B | 1.12B | 1.78B |
| Deferred Revenue (Current) | 5.45B | 15.26B | 5.01B | 4.88B | 4.65B | 4.5B | 4.42B | 4.31B | 4.12B | 4.04B | 4.02B | 3.91B | 3.92B | 3.82B | 3.69B | 3.43B | 3.48B | 2.99B | 3.04B | 2.71B |
| Other Current Liabilities | 17.29B | 3.36B | 12.68B | 9.44B | 8.52B | 9.99B | 11.12B | 8.19B | 9.4B | 10.54B | 11.29B | 8.14B | 9.84B | 11.52B | 12.29B | 9.26B | 10.05B | 10.76B | 9.91B | 7.33B |
| Current Ratio | 0.40x | 0.42x | 0.42x | 0.40x | 0.40x | 0.38x | 0.38x | 0.37x | 0.39x | 0.40x | 0.41x | 0.39x | 0.44x | 0.46x | 0.47x | 0.50x | 0.57x | 0.66x | 0.65x | 0.76x |
| Quick Ratio | 0.32x | 0.35x | 0.36x | 0.34x | 0.34x | 0.33x | 0.33x | 0.32x | 0.34x | 0.35x | 0.36x | 0.34x | 0.39x | 0.41x | 0.42x | 0.45x | 0.52x | 0.59x | 0.60x | 0.71x |
| Cash Conversion Cycle | -8.13 | -9.71 | -11.43 | -7.73 | -4.97 | -6.64 | -4.67 | -6.05 | -4.2 | -4.9 | -3.21 | -9.24 | -11.67 | -10.86 | -6.39 | -10.96 | -10.44 | -10.59 | -8.39 | -13.91 |
| Total Non-Current Liabilities | 29.96B | 30.9B | 31.36B | 32.77B | 32.55B | 32.4B | 32.2B | 33.41B | 33.6B | 34.05B | 35.34B | 36.12B | 36.47B | 36.91B | 38.46B | 39.77B | 42.14B | 44.67B | 46.7B | 47.61B |
| Long-Term Debt | 9.12B | 10.51B | 11.08B | 12.51B | 12.77B | 12.84B | 12.89B | 14.02B | 14.37B | 15.03B | 16.55B | 17.07B | 17.53B | 18.14B | 19.82B | 20.67B | 21.2B | 22.9B | 24.44B | 25.14B |
| Capital Lease Obligations | 5.47B | 5.16B | 0 | 5.35B | 5.36B | 5.48B | 5.7B | 5.81B | 5.92B | 6.05B | 6.2B | 6.47B | 6.56B | 6.65B | 6.88B | 6.87B | 6.87B | 7.01B | 7.2B | 7.06B |
| Deferred Tax Liabilities | 4.23B | 3.92B | 3.5B | 3.37B | 2.96B | 2.63B | 2.23B | 2.18B | 1.68B | 1.41B | 994M | 908M | 0 | 0 | 0 | 24M | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 6.95B | 6.99B | 16.78B | 7.15B | 6.99B | 6.89B | 6.82B | 6.89B | 7.01B | 6.96B | 7.07B | 7.16B | 7.92B | 7.69B | 7.34B | 7.76B | 9.69B | 10B | 10.45B | 10.56B |
| Total Liabilities | 63.53B | 64.51B | 64.06B | 60.43B | 60.8B | 60.95B | 61.9B | 60.08B | 61.72B | 62.81B | 63.82B | 62.54B | 64.02B | 65.4B | 66.87B | 65.71B | 68.01B | 70.99B | 70.76B | 68.57B |
| Total Debt | 18.84B | 19.98B | 14.16B | 21.08B | 21.72B | 21.28B | 22.28B | 22.77B | 24.39B | 24.81B | 26.31B | 27.28B | 26.8B | 27.55B | 29.56B | 30.61B | 30.84B | 32.57B | 33.5B | 34.68B |
| Net Debt | 15.05B | 15.32B | 9.11B | 16.77B | 17.93B | 17.95B | 18.57B | 19.7B | 20.42B | 20.7B | 22.43B | 24.54B | 23.96B | 24.88B | 26.34B | 27.34B | 23.81B | 23.35B | 25.8B | 26.75B |
| Debt / Equity | 0.84x | 0.92x | 0.70x | 1.02x | 1.15x | 1.22x | 1.44x | 1.49x | 1.79x | 2.00x | 2.36x | 2.46x | 2.90x | 3.40x | 4.72x | 4.65x | 6.72x | 8.55x | 11.20x | 8.92x |
| Debt / EBITDA | 8.86x | 7.93x | 12.47x | 10.10x | 7.48x | 7.87x | 18.95x | 9.68x | 11.95x | 8.59x | 21.41x | 14.12x | 10.40x | 8.99x | 103.00x | 15.12x | 15.46x | 16.05x | - | 45.21x |
| Net Debt / EBITDA | 7.07x | 6.08x | 8.02x | 8.04x | 6.17x | 6.64x | 15.79x | 8.38x | 10.01x | 7.17x | 18.25x | 12.70x | 9.30x | 8.12x | 91.79x | 13.51x | 11.94x | 11.51x | - | 34.87x |
| Interest Coverage | 9.96x | 13.98x | -0.42x | 8.84x | 11.39x | 15.97x | 2.79x | 7.68x | 10.02x | 10.43x | 1.60x | 11.99x | 8.76x | 12.41x | -1.23x | 5.71x | 4.88x | 4.84x | -3.38x | -0.49x |
| Total Equity | 22.51B | 21.82B | 20.38B | 20.75B | 18.82B | 17.44B | 15.45B | 15.29B | 13.65B | 12.39B | 11.15B | 11.11B | 9.23B | 8.1B | 6.26B | 6.58B | 4.59B | 3.81B | 2.99B | 3.89B |
| Equity Growth % | 19.61% | 25.09% | 31.91% | 35.7% | 37.93% | 40.8% | 38.53% | 37.71% | 47.91% | 52.91% | 78.13% | 68.72% | 101% | 112.54% | 109.29% | 69.33% | 76.13% | 197.5% | 520.54% | 153.39% |
| Book Value per Share | 34.16 | 33.20 | 31.25 | 31.64 | 28.82 | 26.75 | 23.69 | 23.46 | 21.09 | 19.11 | 17.29 | 17.24 | 14.33 | 12.62 | 9.80 | 10.27 | 7.16 | 5.95 | 4.70 | 6.10 |
| Total Shareholders' Equity | 22.51B | 21.82B | 20.38B | 20.75B | 18.82B | 17.44B | 15.45B | 15.29B | 13.65B | 12.39B | 11.15B | 11.11B | 9.23B | 8.1B | 6.26B | 6.58B | 4.59B | 3.81B | 2.99B | 3.89B |
| Common Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Retained Earnings | 14.88B | 0 | 12.93B | 13.34B | 12.13B | 10.83B | 8.93B | 8.78B | 7.94B | 6.76B | 5.62B | 5.65B | 3.61B | 2.57B | 807M | 1.17B | 342M | -353M | -1.09B | -148M |
| Treasury Stock | -398M | 0 | -393M | 0 | -237M | -238M | -238M | -251M | -289M | -286M | -366M | -341M | -340M | -338M | -337M | -313M | -313M | -313M | -312M | -282M |
| Accumulated OCI | -4.04B | 0 | -4.11B | -4.13B | -4.86B | -4.9B | -4.94B | -4.98B | -5.69B | -5.74B | -5.79B | -5.84B | -5.66B | -5.71B | -5.75B | -5.8B | -6.95B | -7.01B | -7.07B | -7.13B |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |