DELTA AIR LINES INC
For the period ended Mar 31, 2024. Filed Apr 10, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2024 · Filed Apr 10, 2024
DAL$92.20+0.4%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Item 1. Financial Statements Consolidated Balance Sheets
Consolidated Balance Sheets
| (in millions, except share data) | March 31,2024 | December 31,2023 |
|---|---|---|
| ASSETS | ||
| Current Assets: | ||
| Cash and cash equivalents | $3,877 | $2,741 |
| Short-term investments | 589 | 1,127 |
| Accounts receivable, net of allowance for uncollectible accounts of $16 and $17 | 3,748 | 3,130 |
| Fuel, expendable parts and supplies inventories, net of allowance for obsolescence of $124 and $123 | 1,452 | 1,314 |
| Prepaid expenses and other | 1,913 | 1,957 |
| Total current assets | 11,579 | 10,269 |
| Noncurrent Assets: | ||
| Property and equipment, net of accumulated depreciation and amortization of $22,156 and $21,707 | 35,915 | 35,486 |
| Operating lease right-of-use assets | 6,785 | 7,004 |
| Goodwill | 9,753 | 9,753 |
| Identifiable intangibles, net of accumulated amortization of $913 and $911 | 5,981 | 5,983 |
| Equity investments | 3,247 | 3,457 |
| Other noncurrent assets | 1,709 | 1,692 |
| Total noncurrent assets | 63,390 | 63,375 |
| Total assets | $74,969 | $73,644 |
| LIABILITIES AND STOCKHOLDERS' EQUITY | ||
| Current Liabilities: | ||
| Current maturities of debt and finance leases | $2,809 | $2,983 |
| Current maturities of operating leases | 742 | 759 |
| Air traffic liability | 10,193 | 7,044 |
| Accounts payable | 4,541 | 4,446 |
| Accrued salaries and related benefits | 3,037 | 4,561 |
| Loyalty program deferred revenue | 4,018 | 3,908 |
| Fuel card obligation | 1,100 | 1,100 |
| Other accrued liabilities | 2,038 | 1,617 |
| Total current liabilities | 28,478 | 26,418 |
| Noncurrent Liabilities: | ||
| Debt and finance leases | 16,555 | 17,071 |
| Pension, postretirement and related benefits | 3,524 | 3,601 |
| Loyalty program deferred revenue | 4,523 | 4,512 |
| Noncurrent operating leases | 6,203 | 6,468 |
| Deferred income taxes, net | 994 | 908 |
| Other noncurrent liabilities | 3,541 | 3,561 |
| Total noncurrent liabilities | 35,340 | 36,121 |
| Commitments and Contingencies | ||
| Stockholders' Equity: | ||
| Common stock at $0.0001 par value; 1,500,000,000 shares authorized, 657,166,677 and 654,671,194shares issued | — | — |
| Additional paid-in capital | 11,688 | 11,641 |
| Retained earnings | 5,622 | 5,650 |
| Accumulated other comprehensive loss | (5,793) | (5,845) |
| Treasury stock, at cost, 11,854,394 and 11,224,246 shares | (366) | (341) |
| Total stockholders' equity | 11,151 | 11,105 |
| Total liabilities and stockholders' equity | $74,969 | $73,644 |
| The accompanying notes are an integral part of these Condensed Consolidated Financial Statements. | ||
Delta Air Lines, Inc. | March 2024 Form 10-Q 3
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