Delta Air Lines (DAL) FY2017 results: revenue $41.1 billion, up 4.3% on the year
Delta Air Lines, Inc. (DAL) reported revenue of $41.1 billion for fiscal 2017, the year ended 31 December 2017, up 4.3% on the year before. Net income was $3.2 billion, down 23.6%, and diluted earnings per share $4.43. The figures are the company's own, from the 10-K it filed with the SEC on 23 February 2018.
Revenue
$41.1 billion
+4.3% on the year
FY2010FY2017
Operating margin
14.5%
17.7% a year earlier
FY2010FY2017
Net income
$3.2 billion
-23.6% on the year
FY2010FY2017
Diluted EPS
$4.43
-20.2% on the year
FY2010FY2017
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Revenue
41,138
39,450
40,704
+4.3%
Operating income
5,966
6,996
7,802
-14.7%
Operating margin
14.5%
17.7%
19.2%
Interest expense
396
388
481
+2.1%
Pre-tax income
5,500
6,353
7,157
-13.4%
Income tax
2,295
2,158
2,631
+6.3%
Effective tax rate
41.7%
34.0%
36.8%
Net income
3,205
4,195
4,526
-23.6%
Net margin
7.8%
10.6%
11.1%
Diluted EPS
$4.43
$5.55
$5.63
-20.2%
$ 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
FY2017
FY2016
FY2015
On the year
Last 8 years
Operating cash flow
5,023
7,205
7,927
-30.3%
Capital expenditure
3,891
3,391
2,945
+14.7%
Free cash flow
1,132
3,814
4,982
-70.3%
Free cash flow margin
2.8%
9.7%
12.2%
Cash from investing
-5,266
-2,155
-3,955
Cash from financing
-730
-4,260
-4,088
Depreciation and amortisation
2,222
1,886
1,835
+17.8%
Share-based compensation
169
154
76.0
+9.7%
Buybacks
1,677
2,601
2,200
-35.5%
Dividends paid
731
509
359
+43.6%
Dividend per share
$1.02
$0.68
$0.45
+50.0%
Diluted shares, weighted
723m
755m
804m
-4.2%
Balance sheet
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Shareholders' equity
12,530
11,279
10,850
+11.1%
Debt
9,934
7,008
7,946
+41.8%
Operating lease liabilities
0.0
n/a
n/a
Other liabilities
31,207
33,563
34,338
-7.0%
Total liabilities and equity
53,671
51,850
53,134
+3.5%
Fixed assets
26,563
24,375
23,039
+9.0%
Goodwill
9,794
9,794
9,794
0.0%
Intangible assets
4,847
4,844
4,861
+0.1%
Investments
825
487
1,465
+69.4%
Cash and equivalents
1,814
2,762
1,972
-34.3%
Receivables
2,377
2,064
2,020
+15.2%
Other assets
7,451
7,524
9,983
-1.0%
Total assets
53,671
51,850
53,134
+3.5%
10-K for the year ended 31 December 2017, filed 23 February 2018: the filing.