Delta Air Lines (DAL) FY2021 results: revenue $29.9 billion, up 74.9% on the year
Delta Air Lines, Inc. (DAL) reported revenue of $29.9 billion for fiscal 2021, the year ended 31 December 2021, up 74.9% on the year before. Net income was $280 million, and diluted earnings per share $0.44. The figures are the company's own, from the 10-K it filed with the SEC on 11 February 2022.
Revenue
$29.9 billion
+74.9% on the year
FY2014FY2021
Operating margin
6.3%
-72.9% a year earlier
FY2014FY2021
Net income
$280 million
FY2014FY2021
Diluted EPS
$0.44
FY2014FY2021
this yearthe year beforeHover a bar for its figure.
$ 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
FY2021
FY2020
FY2019
On the year
Last 8 years
Operating cash flow
3,264
-3,793
8,425
Capital expenditure
3,247
1,899
4,936
+71.0%
Free cash flow
17.0
-5,692
3,489
Free cash flow margin
0.1%
-33.3%
7.4%
Cash from investing
-898
-9,238
-4,563
Cash from financing
-3,852
19,356
-2,880
Depreciation and amortisation
1,998
2,312
2,581
-13.6%
Share-based compensation
149
119
161
+25.2%
Buybacks
0.0
344
2,027
Dividends paid
0.0
260
980
Dividend per share
$0.00
$0.40
$1.51
Diluted shares, weighted
641m
636m
653m
+0.8%
Balance sheet
$ million
FY2021
FY2020
FY2019
On the year
Last 8 years
Shareholders' equity
3,887
1,534
15,358
+153.4%
Debt
28,020
30,257
11,896
-7.4%
Operating lease liabilities
7,056
5,713
5,294
+23.5%
Finance lease liabilities
1,556
894
821
+74.0%
Other liabilities
31,940
33,598
31,163
-4.9%
Total liabilities and equity
72,459
71,996
64,532
+0.6%
Goodwill
9,753
9,753
9,781
0.0%
Intangible assets
6,001
6,011
5,163
-0.2%
Investments
3,386
5,789
0.0
-41.5%
Cash and equivalents
7,933
8,307
2,882
-4.5%
Receivables
2,404
1,396
2,854
+72.2%
Other assets
42,982
40,740
43,852
+5.5%
Total assets
72,459
71,996
64,532
+0.6%
10-K for the year ended 31 December 2021, filed 11 February 2022: the filing.