Delta Airlines 2014 Annual Report Download - page 58

DELTA AIR LINES, INC.
Consolidated Statements of Operations
52
Year Ended December 31,
(in millions, except per share data) 2014 2013 2012
Operating Revenue:
Passenger:
Mainline
$
28,688
$
26,534
$
25,173
Regional carriers
6,266
6,408
6,581
Total passenger revenue
34,954
32,942
31,754
Cargo
934
937
990
Other
4,474
3,894
3,926
Total operating revenue
40,362
37,773
36,670
Operating Expense:
Aircraft fuel and related taxes
11,668
9,397
10,150
Salaries and related costs
8,120
7,720
7,266
Regional carrier expense
5,237
5,669
5,647
Aircraft maintenance materials and outside repairs
1,828
1,852
1,955
Depreciation and amortization
1,771
1,658
1,565
Contracted services
1,749
1,665
1,566
Passenger commissions and other selling expenses
1,700
1,603
1,590
Landing fees and other rents
1,442
1,410
1,336
Profit sharing
1,085
506
372
Passenger service
810
762
732
Aircraft rent
233
209
272
Restructuring and other items
716
402
452
Other
1,797
1,520
1,592
Total operating expense
38,156
34,373
34,495
Operating Income
2,206
3,400
2,175
Other Expense:
Interest expense, net
(650
)
(852
)
(1,005
)
Loss on extinguishment of debt
(268
)
—
(
118
)
Miscellaneous, net
(216
)
(21
)
(27
)
Total other expense, net
(1,134
)
(873
)
(1,150
)
Income Before Income Taxes
1,072
2,527
1,025
Income Tax (Provision) Benefit
(413
)
8,013
(16
)
Net Income
$
659
$
10,540
$
1,009
Basic Earnings Per Share
$
0.79
$
12.41
$
1.20
Diluted Earnings Per Share
$
0.78
$
12.29
$
1.19
Cash Dividends Declared Per Share
$
0.30
$
0.12
$
—
The accompanying notes are an integral part of these Consolidated Financial Statements.