Delta Airlines 2005 Annual Report Download - page 48

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Table of Contents
Cash flows from financing activities
For the twelve months ended December 31, 2005, cash provided by financing activities totaled $830 million and includes the
following significant amounts:
• During the March 2005 quarter, we received the final installment of $250 million under our Amex Pre- Petition
Facility. The Amex Pre-Petition Facility was repaid in connection with our post-petition financing. For additional
information regarding our financing agreement with Amex, see Note 8 of the Notes to the Consolidated Financial
Statements.
• During the September 2005 quarter, in conjunction with the sale of ASA, we were required to repay $100 million
pursuant to the GE Pre-Petition Facility.
• In conjunction with our Chapter 11 proceedings, we obtained post-petition financing including net proceeds of
approximately $1.2 billion. For additional information regarding our post-petition financing, see Note 8 of the Notes to
the Consolidated Financial Statements.
• We paid approximately $384 million of our pre-petition debt obligations. This amount includes $216 million of
principal payments made prior to our Petition Date and $168 million of principal payments that are not classified as
liabilities subject to compromise.
Contractual Obligations
The following table summarizes our contractual obligations as of December 31, 2005 and related to debt; operating leases; aircraft
order commitments; capital leases; contract carrier obligations; interest and related payments; other material, noncancelable purchase
obligations; other liabilities; and liabilities subject to compromise. We are in the process of evaluating our executory contracts in order
to determine which contracts will be assumed in our Chapter 11 proceedings. Therefore, obligations as currently quantified in the table
below and in the text immediately following the footnotes to the table will continue to change. The table below does not include
contracts that we have successfully rejected through our Chapter 11 proceedings. The table also does not include commitments that are
contingent on events or other factors that are uncertain or unknown at this time, some of which are discussed in footnotes to this table
and in the text immediately following the footnotes.
Contractual Obligations by Year
After
(in millions) 2006 2007 2008 2009 2010 2010 Total
Long-Term debt, not including liabilities subject to compromise(1)(2) $1,183 $ 624 $2,080 $ 361 $1,271 $ 2,208 $ 7,727
Long-Term debt classified as liabilities subject to compromise(1) 365 326 757 908 207 3,203 5,766
Operating lease payments(2)(3) 1,324 1,202 1,281 1,150 1,089 6,994 13,040
Aircraft order commitments(4) 78 488 886 525 1,040 — 3,017
Capital lease obligations not subject to compromise(2)(5) 5 4 4 4 3 — 20
Capital lease obligations subject to compromise(2)(5) 178 133 109 146 141 269 976
Contract carrier obligations(6) 1,852 2,028 2,163 2,182 1,979 16,974 27,178
Other purchase obligations(7) 209 51 23 20 19 16 338
Other liabilities(8) 69 — — — — — 69
Total(9) $5,263 $4,856 $7,303 $5,296 $5,749 $29,664 $58,131
(1) These amounts are included in our Consolidated Balance Sheets. For additional information about our debt and related matters, see Note 8 of the
Notes to the Consolidated Financial Statements.
(2) Although we are not generally permitted to make any payments on pre-petition obligations as a result of our Chapter 11 proceedings, we have
reached agreements with certain aircraft financing parties under Section 1110 of the Bankruptcy Code and received approval from the
Bankruptcy Court to continue to make payments on certain aircraft 43