Delta Air Lines (DAL) FY2023 results: revenue $58.0 billion, up 14.8% on the year
Delta Air Lines, Inc. (DAL) reported revenue of $58.0 billion for fiscal 2023, the year ended 31 December 2023, up 14.8% on the year before. Net income was $4.6 billion, up 249.7%, and diluted earnings per share $7.17. The figures are the company's own, from the 10-K it filed with the SEC on 12 February 2024.
Revenue
$58.0 billion
+14.8% on the year
FY2016FY2023
Operating margin
9.5%
7.2% a year earlier
FY2016FY2023
Net income
$4.6 billion
+249.7% on the year
FY2016FY2023
Diluted EPS
$7.17
+248.1% on the year
FY2016FY2023
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
FY2023
FY2022
FY2021
On the year
Last 8 years
Operating cash flow
6,464
6,363
3,264
+1.6%
Capital expenditure
5,323
6,366
3,247
-16.4%
Free cash flow
1,141
-3.0
17.0
Free cash flow margin
2.0%
-0.0%
0.1%
Cash from investing
-3,148
-6,924
-898
Cash from financing
-3,394
-4,535
-3,852
Depreciation and amortisation
2,341
2,107
1,998
+11.1%
Share-based compensation
180
150
149
+20.0%
Buybacks
n/a
0.0
0.0
Dividends paid
128
0.0
0.0
Dividend per share
$0.20
$0.00
$0.00
Diluted shares, weighted
643m
641m
641m
+0.3%
Balance sheet
$ million
FY2023
FY2022
FY2021
On the year
Last 8 years
Shareholders' equity
11,105
6,582
3,887
+68.7%
Debt
21,154
24,130
28,020
-12.3%
Operating lease liabilities
6,468
6,866
7,056
-5.8%
Finance lease liabilities
1,086
1,345
1,556
-19.3%
Other liabilities
33,831
33,365
31,940
+1.4%
Total liabilities and equity
73,644
72,288
72,459
+1.9%
Goodwill
9,753
9,753
9,753
0.0%
Intangible assets
5,983
5,992
6,001
-0.2%
Investments
1,127
3,268
3,386
-65.5%
Cash and equivalents
2,741
3,266
7,933
-16.1%
Receivables
3,130
3,176
2,404
-1.4%
Other assets
50,910
46,833
42,982
+8.7%
Total assets
73,644
72,288
72,459
+1.9%
10-K for the year ended 31 December 2023, filed 12 February 2024: the filing.