Delta Airlines 2014 Annual Report Download - page 56

DELTA AIR LINES, INC.
Consolidated Balance Sheets
December 31,
(in millions, except share data) 2014
2013
ASSETS
Current Assets:
Cash and cash equivalents
$
2,088
$
2,844
Short-term investments
1,217
959
Accounts receivable, net of an allowance for uncollectible accounts of $21 and $23
at December 31, 2014 and 2013, respectively
2,297
1,609
Hedge margin receivable
925
3
Fuel inventory
534
706
Expendable parts and supplies inventories, net of an allowance for obsolescence of $127 and $118
at December 31, 2014 and 2013, respectively
318
357
Hedge derivatives asset
1,078
585
Deferred income taxes, net
3,275
1,736
Prepaid expenses and other
733
852
Total current assets
12,465
9,651
Property and Equipment, Net:
Property and equipment, net of accumulated depreciation and amortization of $9,340 and $7,792 at December 31, 2014
and 2013, respectively
21,929
21,854
Other Assets:
Goodwill
9,794
9,794
Identifiable intangibles, net of accumulated amortization of $793 and $738
at December 31, 2014 and 2013, respectively
4,603
4,658
Deferred income taxes, net
4,320
4,992
Other noncurrent assets
1,010
1,303
Total other assets
19,727
20,747
Total assets
$
54,121
$
52,252
LIABILITIES AND STOCKHOLDERS' EQUITY
Current Liabilities:
Current maturities of long-term debt and capital leases
$
1,216
$
1,547
Air traffic liability
4,296
4,122
Accounts payable
2,622
2,300
Accrued salaries and related benefits
2,266
1,926
Hedge derivatives liability
2,772
146
Frequent flyer deferred revenue
1,580
1,861
Other accrued liabilities
2,127
2,250
Total current liabilities
16,879
14,152
Noncurrent Liabilities:
Long-term debt and capital leases
8,561
9,795
Pension, postretirement and related benefits
15,138
12,392
Frequent flyer deferred revenue
2,602
2,559
Other noncurrent liabilities
2,128
1,711
Total noncurrent liabilities
28,429
26,457
Commitments and Contingencies
Stockholders' Equity:
Common stock at $0.0001 par value; 1,500,000,000 shares authorized, 845,048,310 and 869,484,981 shares issued at
December 31, 2014 and 2013, respectively
—
—
Additional paid-in capital
12,981
13,982