Delta Air Lines Cash Flow Statement
DAL / Industrials|15 years of annual SEC 10-K data (FY2011-FY2025)
Covers operating cash flow, capital expenditures, free cash flow, share buybacks, and dividends paid across 15 fiscal years. All figures from audited SEC 10-K filings.
Delta Air Lines generated $8.3B in operating cash flow and $3.8B in free cash flow in FY2025. Free cash flow margin was 6.1% of revenue.
Based on SEC 10-K filings.
Key Data Points
- Altman Z-Score 1.14 (distress zone, below 1.8 threshold)
- High earnings quality (cash-backed earnings)
- Strong return on equity: 24.6%
Data sourced from SEC EDGAR filings. Not investment advice.
| Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | FY2014 | FY2013 | FY2012 | FY2011 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | $5.0B | $3.5B | $4.6B | $1.3B | $280.0M | -$12.4B | $4.8B | $3.9B | $3.2B | $4.2B | $4.5B | $659.0M | $10.5B | $1.0B | $854.0M |
| Depreciation & Amortization | $2.4B | $2.5B | $2.3B | $2.1B | $2.0B | $2.3B | $2.6B | $2.3B | $2.2B | $1.9B | $1.8B | $1.8B | $1.7B | $1.6B | $1.5B |
| Operating Cash Flow | $8.3B | $8.0B | $6.5B | $6.4B | $3.3B | -$3.8B | $8.4B | $7.0B | $5.0B | $7.2B | $7.9B | $4.9B | $4.5B | $2.5B | $2.8B |
| Capital Expenditures | $4.5B | $5.1B | $5.3B | $6.4B | $3.2B | $1.9B | $4.9B | $5.2B | $3.9B | $3.4B | $2.9B | $2.2B | $2.6B | $2.0B | - |
| Free Cash Flow | $3.8B | $2.9B | $1.1B | -$3.0M | $17.0M | -$5.7B | $3.5B | $1.8B | $1.1B | $3.8B | $5.0B | $2.7B | $1.9B | $508.0M | - |
| Share Buybacks | - | - | - | $0 | $0 | $344.0M | $2.0B | $1.6B | $1.7B | $2.6B | $2.2B | $1.1B | $250.0M | $0 | $0 |
| Dividends Paid | $440.0M | $321.0M | $128.0M | $0 | $0 | $260.0M | $980.0M | $909.0M | $731.0M | $509.0M | $359.0M | $251.0M | $102.0M | $0 | $0 |
| FCF Margin | 6.1% | 4.7% | 2.0% | -0.0% | 0.1% | -33.3% | 7.4% | 4.2% | 12.4% | 9.7% | 12.2% | 6.7% | 5.1% | 1.4% | - |