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TableofContents
DELTAAIRLINES,INC.
ConsolidatedBalanceSheets
December31,
(inmillions,exceptsharedata)
2015
2014
ASSETS
CurrentAssets:
Cashandcashequivalents
$ 1,972
$ 2,088
Short-terminvestments
1,465
1,217
Accountsreceivable,netofanallowanceforuncollectibleaccountsof$9and$11atDecember31,2015and2014,respectively
2,020
2,297
Hedgemarginreceivable
119
925
Fuelinventory
379
534
Expendablepartsandsuppliesinventories,netofanallowanceforobsolescenceof$114and$127atDecember31,2015and
2014,respectively
318
318
Hedgederivativesasset
1,987
1,078
Prepaidexpensesandother
796
701
Totalcurrentassets
9,056
9,158
PropertyandEquipment,Net:
Propertyandequipment,netofaccumulateddepreciationandamortizationof$10,871and$9,340atDecember31,2015and2014,
respectively
23,039
21,929
OtherAssets:
Goodwill
9,794
9,794
Identifiableintangibles,netofaccumulatedamortizationof$811and$793atDecember31,2015and2014,respectively
4,861
4,603
Deferredincometaxes,net
4,956
7,595
Othernoncurrentassets
1,428
926
Totalotherassets
21,039
22,918
Totalassets
$ 53,134
$ 54,005
LIABILITIESANDSTOCKHOLDERS'EQUITY
CurrentLiabilities:
Currentmaturitiesoflong-termdebtandcapitalleases
$ 1,563
$ 1,184
Airtrafficliability
4,503
4,296
Accountspayable
2,743
2,622
Accruedsalariesandrelatedbenefits
3,195
2,266
Hedgederivativesliability
2,581
2,772
Frequentflyerdeferredrevenue
1,635
1,580
Otheraccruedliabilities
1,306
2,127
Totalcurrentliabilities
17,526
16,847
NoncurrentLiabilities:
Long-termdebtandcapitalleases
6,766
8,477
Pension,postretirementandrelatedbenefits
13,855
15,138
Frequentflyerdeferredrevenue
2,246
2,602
Othernoncurrentliabilities
1,891
2,128
Totalnoncurrentliabilities
24,758
28,345
CommitmentsandContingencies
Stockholders'Equity:
Commonstockat$0.0001parvalue;1,500,000,000sharesauthorized,799,850,675and845,048,310sharesissuedatDecember31,
2015and2014,respectively
—
—
Additionalpaid-incapital
10,875
12,981
Retainedearnings
7,623
3,456
Accumulatedothercomprehensiveloss
(7,275)
(7,311)
Treasurystock,atcost,21,066,684and19,790,077sharesatDecember31,2015and2014,respectively
(373)
(313)
Totalstockholders'equity
10,850
8,813