For the year ending 2025-12-31, DAL had $1,080M increase in cash & cash equivalents over the period.
| Cash Flow | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Net income | 5,005 | 3,457 | 4,609 | 1,318 |
| Restructuring charges | - | - | - | -46 |
| Depreciation and amortization | 2,443 | 2,513 | 2,341 | 2,107 |
| Deferred income taxes | 1,109 | 1,155 | 980 | 591 |
| (gain)/loss on fair value investments | 1,209 | -323 | 1,283 | -874 |
| Pension, postretirement and postemployment payments greater than expense | 210 | 296 | 121 | 453 |
| Impairments and equity method results | - | - | - | -20 |
| Receivables | -432 | 126 | 7 | 728 |
| Fuel inventory | - | - | -121 | 158 |
| Prepaids and other current assets | 183 | 241 | -17 | 867 |
| Liabilities and deferred revenue-Passenger Air Traffic | 63 | 50 | -1,216 | 1,902 |
| Liabilities and deferred revenue-Product And Service Other Loyalty Program | 435 | 407 | 538 | 324 |
| Profit sharing | -53 | 6 | 821 | 455 |
| Other payables, deferred revenue and accrued liabilities | 842 | 614 | -285 | 1,226 |
| Noncurrent liabilities | - | - | -18 | -348 |
| Other, net | -332 | 163 | -33 | 146 |
| Net cash provided by operating activities | 8,342 | 8,025 | 6,464 | 6,363 |
| Flight equipment, including advance payments | 3,521 | 3,914 | 3,645 | 4,495 |
| Ground property and equipment, including technology | 978 | 1,226 | 1,678 | 1,871 |
| Proceeds from sale-leaseback transactions | - | - | - | 0 |
| Purchase of equity investments | 276 | 0 | 152 | 870 |
| Purchase of short-term investments | 0 | 0 | 2,312 | 2,704 |
| Redemption of short-term investments | 0 | 1,137 | 4,547 | 2,804 |
| Other, net | -589 | -264 | -92 | -212 |
| Net cash used in investing activities | -4,186 | -3,739 | -3,148 | -6,924 |
| Proceeds from short-term obligations | - | - | - | 0 |
| Proceeds from long-term obligations | 2,215 | 0 | 878 | 0 |
| Proceeds from sale-leaseback transactions | - | - | - | 0 |
| Payments on debt and finance lease obligations | 4,827 | 3,953 | 4,071 | 4,475 |
| Repurchase of common stock | - | - | - | 0 |
| Cash dividends | 440 | 321 | 128 | 0 |
| Fuel card obligation | - | - | - | 0 |
| Other, net | -24 | 14 | -73 | -60 |
| Net cash used in financing activities | -3,076 | -4,260 | -3,394 | -4,535 |
| Net increase/(decrease) in cash, cash equivalents and restricted cash | 1,080 | 26 | -78 | -5,096 |
| Cash and cash equivalents at beginning of period | 3,421 | 3,395 | 3,473 | 8,569 |
| Cash and cash equivalents at end of period | 4,501 | 3,421 | 3,395 | 3,473 |
DELTA AIR LINES, INC. (DAL)
DELTA AIR LINES, INC. (DAL)