Cash Flow Statement

The cash flow statement provides information about a company cash receipts and cash payments during an accounting period, showing how these cash flows link the ending cash balance to the beginning balance shown on the company balance sheet.

The cash flow statement consists of three parts: cash flows provided by (used in) operating activities, cash flows provided by (used in) investing activities, and cash flows provided by (used in) financing activities.

Delta Air Lines Inc., consolidated cash flow statement

US$ in millions

12 months ended:	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018	Dec 31, 2017
Net income (loss)	280)	(12,385)	4,767)	3,935)	3,577)
Restructuring charges	5)	4,111)	—)	—)	—)
Depreciation and amortization	1,998)	2,312)	2,581)	2,329)	2,235)
Deferred income taxes	115)	(3,110)	1,473)	1,364)	2,071)
Pension, postretirement and postemployment payments (greater) less than expense	(2,038)	898)	(922)	(790)	(3,302)
Impairments and equity method losses	337)	2,432)	62)	60)	—)
Receivables	(981)	1,168)	(775)	108)	(328)
Fuel inventory	(318)	354)	(139)	324)	(397)
Noncurrent assets	(76)	210)	111)	(221)	—)
Air traffic liability	1,814)	(572)	454)	297)	262)
Loyalty program deferred revenue	376)	455)	87)	319)	192)
Profit sharing	108)	(1,650)	354)	233)	(51)
Other payables, deferred revenue and accrued liabilities	1,986)	240)	144)	(418)	992)
Noncurrent liabilities	(399)	1,185)	(16)	47)	—)
Changes in certain assets and liabilities	2,510)	1,390)	220)	689)	670)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities	2,927)	8,033)	3,414)	3,652)	1,674)
Other, net	57)	559)	244)	(573)	(103)
Net cash provided by (used in) operating activities	3,264)	(3,793)	8,425)	7,014)	5,148)
Flight equipment, including advance payments	(1,596)	(896)	(3,344)	(3,704)	(2,704)
Ground property and equipment, including technology	(1,651)	(1,003)	(1,592)	(1,464)	(1,187)
Property and equipment additions	(3,247)	(1,899)	(4,936)	(5,168)	(3,891)
Proceeds from sale-leaseback transactions	—)	465)	—)	—)	—)
Purchase of equity investments	—)	(2,099)	(170)	—)	(1,245)
Sale of equity investments	—)	—)	279)	28)	—)
Purchase of short-term investments	(12,655)	(13,400)	—)	(145)	(925)
Redemption of short-term investments	15,036)	7,608)	206)	766)	584)
Other, net	(32)	87)	58)	126)	111)
Net cash used in investing activities	(898)	(9,238)	(4,563)	(4,393)	(5,366)
Proceeds from short-term obligations	—)	3,261)	1,750)	—)	—)
Proceeds from long-term obligations	1,902)	22,790)	2,057)	3,745)	2,454)
Proceeds from sale-leaseback transactions	—)	2,306)	—)	—)	—)
Payments on debt and finance lease obligations	(5,834)	(8,559)	(3,320)	(3,052)	(1,258)
Repurchase of common stock	—)	(344)	(2,027)	(1,575)	(1,677)
Cash dividends	—)	(260)	(980)	(909)	(731)
Fuel card obligation	—)	364)	(339)	7)	636)
Other, net	80)	(202)	(21)	58)	(154)
Net cash provided by (used in) financing activities	(3,852)	19,356)	(2,880)	(1,726)	(730)
Net increase (decrease) in cash, cash equivalents and restricted cash	(1,486)	6,325)	982)	895)	(948)
Cash, cash equivalents and restricted cash at beginning of period	10,055)	3,730)	2,748)	1,853)	2,762)
Cash, cash equivalents and restricted cash at end of period	8,569)	10,055)	3,730)	2,748)	1,814)

Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31).

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Cash flow statement item	Description	The company
Net cash provided by (used in) operating activities	Amount of cash inflow (outflow) from operating activities, excluding discontinued operations. Operating activity cash flows include transactions, adjustments, and changes in value not defined as investing or financing activities.	Delta Air Lines Inc. net cash provided by (used in) operating activities decreased from 2019 to 2020 but then increased from 2020 to 2021 not reaching 2019 level.
Net cash used in investing activities	Amount of cash inflow (outflow) of investing activities, excluding discontinued operations. Investing activity cash flows include making and collecting loans and acquiring and disposing of debt or equity instruments and property, plant, and equipment and other productive assets.	Delta Air Lines Inc. net cash used in investing activities decreased from 2019 to 2020 but then increased from 2020 to 2021 exceeding 2019 level.
Net cash provided by (used in) financing activities	Amount of cash inflow (outflow) of financing activities, excluding discontinued operations. Financing activity cash flows include obtaining resources from owners and providing them with a return on, and a return of, their investment; borrowing money and repaying amounts borrowed, or settling the obligation; and obtaining and paying for other resources obtained from creditors on long-term credit.	Delta Air Lines Inc. net cash provided by (used in) financing activities increased from 2019 to 2020 but then decreased significantly from 2020 to 2021.

Delta Air Lines Inc. (NYSE:DAL)

Cash Flow Statement