Delta Air Lines (DAL) FY2015 results: revenue $40.7 billion, up 0.8% on the year
Delta Air Lines, Inc. (DAL) reported revenue of $40.7 billion for fiscal 2015, the year ended 31 December 2015, up 0.8% on the year before. Net income was $4.5 billion, up 586.8%, and diluted earnings per share $5.63. The figures are the company's own, from the 10-K it filed with the SEC on 5 February 2016.
Revenue
$40.7 billion
+0.8% on the year
FY2009FY2015
Operating margin
19.2%
5.5% a year earlier
FY2009FY2015
Net income
$4.5 billion
+586.8% on the year
FY2009FY2015
Diluted EPS
$5.63
+621.8% on the year
FY2009FY2015
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Revenue
40,704
40,362
37,773
+0.8%
Operating income
7,802
2,206
3,400
+253.7%
Operating margin
19.2%
5.5%
9.0%
Interest expense
481
650
852
-26.0%
Pre-tax income
7,157
1,072
2,527
+567.6%
Income tax
2,631
413
-8,013
+537.0%
Effective tax rate
36.8%
38.5%
-317.1%
Net income
4,526
659
10,540
+586.8%
Net margin
11.1%
1.6%
27.9%
Diluted EPS
$5.63
$0.78
$12.29
+621.8%
$ 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
FY2015
FY2014
FY2013
On the year
Last 8 years
Operating cash flow
7,927
4,947
4,504
+60.2%
Capital expenditure
2,945
2,249
2,568
+30.9%
Free cash flow
4,982
2,698
1,936
+84.7%
Free cash flow margin
12.2%
6.7%
5.1%
Cash from investing
-3,955
-2,463
-2,756
Cash from financing
-4,088
-3,240
-1,320
Depreciation and amortisation
1,835
1,771
1,658
+3.6%
Share-based compensation
76.0
81.0
90.0
-6.2%
Buybacks
2,200
1,100
250
+100.0%
Dividends paid
359
251
102
+43.0%
Dividend per share
$0.45
$0.30
$0.12
+50.0%
Diluted shares, weighted
804m
845m
858m
-4.9%
Balance sheet
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Shareholders' equity
10,850
8,813
11,643
+23.1%
Debt
7,946
9,263
10,845
-14.2%
Other liabilities
34,338
35,929
29,616
-4.4%
Total liabilities and equity
53,134
54,005
52,104
-1.6%
Fixed assets
23,039
21,929
21,854
+5.1%
Goodwill
9,794
9,794
9,794
0.0%
Intangible assets
4,861
4,603
4,658
+5.6%
Investments
1,465
1,217
959
+20.4%
Cash and equivalents
1,972
2,088
2,844
-5.6%
Receivables
2,020
2,297
1,609
-12.1%
Other assets
9,983
12,077
10,386
-17.3%
Total assets
53,134
54,005
52,104
-1.6%
10-K for the year ended 31 December 2015, filed 5 February 2016: the filing.