Delta Airlines 2012 Annual Report Download - page 58

DELTA AIR LINES, INC.
Consolidated Statements of Operations
52
Year Ended December 31,
(in millions, except per share data) 2012
2011 2010
Operating Revenue:
Passenger:
Mainline
$
25,237
$
23,843
$
21,408
Regional carriers
6,570
6,414
5,850
Total passenger revenue
31,807
30,257
27,258
Cargo
990
1,027
850
Other
3,873
3,831
3,647
Total operating revenue
36,670
35,115
31,755
Operating Expense:
Aircraft fuel and related taxes
10,150
9,730
7,594
Salaries and related costs
7,266
6,894
6,751
Contract carrier arrangements
5,647
5,470
4,305
Aircraft maintenance materials and outside repairs
1,955
1,765
1,569
Passenger commissions and other selling expenses
1,590
1,682
1,509
Contracted services
1,566
1,642
1,549
Depreciation and amortization
1,565
1,523
1,511
Landing fees and other rents
1,336
1,281
1,281
Passenger service
732
721
673
Profit sharing
372
264
313
Aircraft rent
272
298
387
Restructuring and other items
452
242
450
Other
1,592
1,628
1,646
Total operating expense
34,495
33,140
29,538
Operating Income
2,175
1,975
2,217
Other Expense:
Interest expense, net
(812
)
(901
)
(969
)
Amortization of debt discount, net
(193
)
(193
)
(216
)
Loss on extinguishment of debt
(118
)
(68
)
(391
)
Miscellaneous, net
(27
)
(44
)
(33
)
Total other expense, net
(1,150
)
(1,206
)
(1,609
)
Income Before Income Taxes
1,025
769
608
Income Tax (Provision) Benefit
(16
)
85
(15
)
Net Income
$
1,009
$
854
$
593
Basic Earnings Per Share
$
1.20
$
1.02
$
0.71
Diluted Earnings Per Share
$
1.19
$
1.01
$
0.70
The accompanying notes are an integral part of these Consolidated Financial Statements.