Delta Airlines 2007 Annual Report Download - page 28

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Table of Contents
Index to Financial Statements
ITEM 6. SELECTED FINANCIAL DATA
The following table presents selected financial and operating data. We derived the Statement of Operations Data for (1) the eight months ended
December 31, 2007 of the Successor and (2) the four months ended April 30, 2007 and the years ended December 31, 2006, 2005, 2004 and 2003 of the
Predecessor and we derived the Balance Sheet for (1) the year ended December 31, 2007 of the Successor and (2) the years ended December 31, 2006, 2005,
2004 and 2003 of the Predecessor from our audited consolidated financial statements and the related notes thereto.
Upon emergence from Chapter 11 on April 30, 2007 the Effective Date, we adopted fresh start reporting in accordance with SOP 90-7. The adoption of
fresh start reporting resulted in our becoming a new entity for financial reporting purposes. Accordingly, consolidated financial data on or after May 1, 2007 is
not comparable to the consolidated financial data prior to that date.
Due to Delta's adoption of fresh start reporting on April 30, 2007, the following table includes selected summary financial and operating data for (1) the
eight months ended December 31, 2007 of the Successor and (2) the four months ended April 30, 2007 and the years ended December 31, 2006, 2005, 2004
and 2003 of the Predecessor.
Consolidated Summary of Operations(1)
Successor Predecessor
Eight Months
Ended
December 31,
2007(2)
Four Months
Ended
April 30,
2007(3)
Year Ended December 31,
(in millions, except share data) 2006(4)(10) 2005(5)(10) 2004(6) 2003(7)
Operating revenue $ 13,358 $ 5,796 $ 17,532 $ 16,480 $ 15,235 $ 14,308
Operating expense 12,562 5,496 17,474 18,481 18,543 15,093
Operating income (loss) 796 300 58 (2,001) (3,308) (785)
Interest expense, net(8) (276) (248) (801) (973) (787) (721)
Miscellaneous income, net(9) 5 27 (19) (1) 94 317
Gain on extinguishment of debt, net — — — — 9 —
Income (loss) before reorganization items, net 525 79 (762) (2,975) (3,992) (1,189)
Reorganization items, net — 1,215 (6,206) (884) — —
Income (loss) before income taxes 525 1,294 (6,968) (3,859) (3,992) (1,189)
Income tax (provision) benefit (211) 4 765 41 (1,206) 416
Net income (loss) 314 1,298 (6,203) (3,818) (5,198) (773)
Preferred stock dividends — — (2) (18) (19) (17)
Net income (loss) attributable to common shareowners $ 314 1,298 $ (6,205) $ (3,836) $ (5,217) $ (790)
Basic earnings (loss) per share $ 0.80 $ 6.58 $ (31.58) $ (23.75) $ (41.07) $ (6.40)
Diluted earnings (loss) per share $ 0.79 $ 4.63 $ (31.58) $ (23.75) $ (41.07) $ (6.40)
Dividends declared per common share $ — $ — $ — $ — $ — $ 0.05
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