Delta Airlines 2014 Annual Report Download - page 100

NOTE 19 . QUARTERLY FINANCIAL DATA (UNAUDITED)
The following table summarizes our unaudited results of operations on a quarterly basis. The quarterly earnings (loss) per share amounts for a year
will not add to the earnings per share for that year due to the weighting of shares used in calculating per share data.
The following special items are included in the results above:
93
Three Months Ended,
(in millions, except per share data) March 31 June 30 September 30 December 31
2014
Operating revenue
$
8,916
$
10,621
$
11,178
$
9,647
Operating income (loss)
620
1,579
835
(828
)
Net income (loss)
213
801
357
(712
)
Basic earnings (loss) per share
$
0.25
$
0.95
$
0.43
$
(0.86
)
Diluted earnings (loss) per share
$
0.25
$
0.94
$
0.42
$
(0.86
)
2013
Operating revenue
$
8,500
$
9,707
$
10,490
$
9,076
Operating income
222
914
1,563
701
Net income
7
685
1,369
8,479
Basic earnings per share
$
0.01
$
0.81
$
1.61
$
10.02
Diluted earnings per share
$
0.01
$
0.80
$
1.59
$
9.89
Three Months Ended,
(in millions) March 31 June 30 September 30 December 31
2014
MTM adjustments
$
(34
)
$
1
$
(347
)
$
(1,966
)
Restructuring and other
(49
)
(30
)
(570
)
(67
)
Loss on extinguishment of debt
(18
)
(111
)
(134
)
(5
)
Virgin Atlantic MTM adjustments
(8
)
—
(
7
)
(119
)
Total loss
$
(109
)
$
(140
)
$
(1,058
)
$
(2,157
)
2013
Restructuring and other
$
(102
)
$
(34
)
$
(128
)
$
(160
)
MTM adjustments
24
(125
)
285
92
Release of tax valuation allowance
—
—
—
7,989
Total (loss) income
$
(78
)
$
(159
)
$
157
$
7,921