Delta Air Lines (DAL) FY2013 results: revenue $37.8 billion, up 3.0% on the year
Delta Air Lines, Inc. (DAL) reported revenue of $37.8 billion for fiscal 2013, the year ended 31 December 2013, up 3.0% on the year before. Net income was $10.5 billion, up 944.6%, and diluted earnings per share $12.29. The figures are the company's own, from the 10-K it filed with the SEC on 24 February 2014.
Revenue
$37.8 billion
+3.0% on the year
FY2009FY2013
Operating margin
9.0%
5.9% a year earlier
FY2009FY2013
Net income
$10.5 billion
+944.6% on the year
FY2009FY2013
Diluted EPS
$12.29
+932.8% on the year
FY2009FY2013
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2013
FY2012
FY2011
On the year
Last 8 years
Revenue
37,773
36,670
35,115
+3.0%
Operating income
3,400
2,175
1,975
+56.3%
Operating margin
9.0%
5.9%
5.6%
Interest expense
852
1,005
n/a
-15.2%
Pre-tax income
2,527
1,025
769
+146.5%
Income tax
-8,013
16.0
-85.0
Effective tax rate
-317.1%
1.6%
-11.1%
Net income
10,540
1,009
854
+944.6%
Net margin
27.9%
2.8%
2.4%
Diluted EPS
$12.29
$1.19
$1.01
+932.8%
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2013
FY2012
FY2011
On the year
Last 8 years
Operating cash flow
4,504
2,476
2,834
+81.9%
Capital expenditure
2,568
1,968
n/a
+30.5%
Free cash flow
1,936
508
n/a
+281.1%
Free cash flow margin
5.1%
1.4%
n/a
Cash from investing
-2,756
-1,962
-1,498
Cash from financing
-1,320
-755
-1,571
Depreciation and amortisation
1,658
1,565
1,523
+5.9%
Share-based compensation
90.0
54.0
72.0
+66.7%
Buybacks
250
0.0
0.0
Dividends paid
102
0.0
0.0
Dividend per share
$0.12
$0.00
$0.00
Diluted shares, weighted
858m
850m
844m
+0.9%
Balance sheet
$ million
FY2013
FY2012
FY2011
On the year
Last 8 years
Shareholders' equity
11,643
-2,131
-1,396
Debt
10,845
13,164
14,109
-17.6%
Other liabilities
29,616
33,517
30,786
-11.6%
Total liabilities and equity
52,104
44,550
43,499
+17.0%
Fixed assets
21,854
20,713
20,223
+5.5%
Goodwill
9,794
9,794
9,794
0.0%
Intangible assets
4,658
4,679
4,751
-0.4%
Investments
959
958
958
+0.1%
Cash and equivalents
2,844
2,416
2,657
+17.7%
Receivables
1,609
1,693
1,563
-5.0%
Other assets
10,386
4,297
3,553
+141.7%
Total assets
52,104
44,550
43,499
+17.0%
10-K for the year ended 31 December 2013, filed 24 February 2014: the filing.