Delta Air Lines (DAL) FY2016 results: revenue $39.5 billion, down 3.1% on the year
Delta Air Lines, Inc. (DAL) reported revenue of $39.5 billion for fiscal 2016, the year ended 31 December 2016, down 3.1% on the year before. Net income was $4.2 billion, down 7.3%, and diluted earnings per share $5.55. The figures are the company's own, from the 10-K it filed with the SEC on 13 February 2017.
Revenue
$39.5 billion
-3.1% on the year
FY2009FY2016
Operating margin
17.7%
19.2% a year earlier
FY2009FY2016
Net income
$4.2 billion
-7.3% on the year
FY2009FY2016
Diluted EPS
$5.55
-1.4% on the year
FY2009FY2016
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Revenue
39,450
40,704
40,362
-3.1%
Operating income
6,996
7,802
2,206
-10.3%
Operating margin
17.7%
19.2%
5.5%
Interest expense
388
481
650
-19.3%
Pre-tax income
6,353
7,157
1,072
-11.2%
Income tax
2,158
2,631
413
-18.0%
Effective tax rate
34.0%
36.8%
38.5%
Net income
4,195
4,526
659
-7.3%
Net margin
10.6%
11.1%
1.6%
Diluted EPS
$5.55
$5.63
$0.78
-1.4%
$ 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
FY2016
FY2015
FY2014
On the year
Last 8 years
Operating cash flow
7,205
7,927
4,947
-9.1%
Capital expenditure
3,391
2,945
2,249
+15.1%
Free cash flow
3,814
4,982
2,698
-23.4%
Free cash flow margin
9.7%
12.2%
6.7%
Cash from investing
-2,155
-3,955
-2,463
Cash from financing
-4,260
-4,088
-3,240
Depreciation and amortisation
1,886
1,835
1,771
+2.8%
Share-based compensation
154
76.0
81.0
+102.6%
Buybacks
2,601
2,200
1,100
+18.2%
Dividends paid
509
359
251
+41.8%
Dividend per share
$0.68
$0.45
$0.30
+51.1%
Diluted shares, weighted
755m
804m
845m
-6.1%
Balance sheet
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Shareholders' equity
11,279
10,850
8,813
+4.0%
Debt
7,008
7,946
9,263
-11.8%
Other liabilities
33,563
34,338
35,929
-2.3%
Total liabilities and equity
51,850
53,134
54,005
-2.4%
Fixed assets
24,375
23,039
21,929
+5.8%
Goodwill
9,794
9,794
9,794
0.0%
Intangible assets
4,844
4,861
4,603
-0.3%
Investments
487
1,465
1,217
-66.8%
Cash and equivalents
2,762
1,972
2,088
+40.1%
Receivables
2,064
2,020
2,297
+2.2%
Other assets
7,524
9,983
12,077
-24.6%
Total assets
51,850
53,134
54,005
-2.4%
10-K for the year ended 31 December 2016, filed 13 February 2017: the filing.