Delta Air Lines (DAL) FY2022 results: revenue $50.6 billion, up 69.2% on the year
Delta Air Lines, Inc. (DAL) reported revenue of $50.6 billion for fiscal 2022, the year ended 31 December 2022, up 69.2% on the year before. Net income was $1.3 billion, up 370.7%, and diluted earnings per share $2.06. The figures are the company's own, from the 10-K it filed with the SEC on 10 February 2023.
Revenue
$50.6 billion
+69.2% on the year
FY2015FY2022
Operating margin
7.2%
6.3% a year earlier
FY2015FY2022
Net income
$1.3 billion
+370.7% on the year
FY2015FY2022
Diluted EPS
$2.06
+368.2% on the year
FY2015FY2022
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
FY2022
FY2021
FY2020
On the year
Last 8 years
Operating cash flow
6,363
3,264
-3,793
+94.9%
Capital expenditure
6,366
3,247
1,899
+96.1%
Free cash flow
-3.0
17.0
-5,692
Free cash flow margin
-0.0%
0.1%
-33.3%
Cash from investing
-6,924
-898
-9,238
Cash from financing
-4,535
-3,852
19,356
Depreciation and amortisation
2,107
1,998
2,312
+5.5%
Share-based compensation
150
149
119
+0.7%
Buybacks
0.0
0.0
344
Dividends paid
0.0
0.0
260
Dividend per share
$0.00
$0.00
$0.40
Diluted shares, weighted
641m
641m
636m
0.0%
Balance sheet
$ million
FY2022
FY2021
FY2020
On the year
Last 8 years
Shareholders' equity
6,582
3,887
1,534
+69.3%
Debt
24,130
28,020
30,257
-13.9%
Operating lease liabilities
6,866
7,056
5,713
-2.7%
Finance lease liabilities
1,345
1,556
894
-13.6%
Other liabilities
33,365
31,940
33,598
+4.5%
Total liabilities and equity
72,288
72,459
71,996
-0.2%
Goodwill
9,753
9,753
9,753
0.0%
Intangible assets
5,992
6,001
6,011
-0.1%
Investments
3,268
3,386
5,789
-3.5%
Cash and equivalents
3,266
7,933
8,307
-58.8%
Receivables
3,176
2,404
1,396
+32.1%
Other assets
46,833
42,982
40,740
+9.0%
Total assets
72,288
72,459
71,996
-0.2%
10-K for the year ended 31 December 2022, filed 10 February 2023: the filing.