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DELTAAIRLINES,INC.
ConsolidatedStatementsofCashFlows
YearEndedDecember31,
(inmillions) 2015
2014
2013
CashFlowsFromOperatingActivities:
Netincome $ 4,526
$ 659
$ 10,540
Adjustmentstoreconcilenetincometonetcashprovidedbyoperatingactivities:
Depreciationandamortization 1,835
1,771
1,658
Hedgederivativecontracts (1,366)
2,186
(86)
Deferredincometaxes 2,581
414
(7,991)
Pension,postretirementandpostemploymentpaymentsgreaterthanexpense (1,013)
(723)
(624)
Restructuringandother 35
758
285
Extinguishmentofdebt 22
268
—
Equityinvestment(earnings)loss (35)
106
(24)
SkyMilesusedpursuanttoadvancepurchaseunderAmericanExpressAgreements —
—
(333)
Changesincertainassetsandliabilities:
Receivables (56)
(302)
90
Restrictedcashandcashequivalents 7
62
231
Fuelinventory 155
172
(87)
Hedgemargin 806
(922)
14
Prepaidexpensesandothercurrentassets (102)
58
28
Airtrafficliability 207
174
426
Frequentflyerdeferredrevenue (301)
(238)
(121)
Profitsharing 734
264
133
Accountspayableandaccruedliabilities (201)
(36)
80
Other,net 93
276
285
Netcashprovidedbyoperatingactivities 7,927
4,947
4,504
CashFlowsFromInvestingActivities:
Propertyandequipmentadditions:
Flightequipment,includingadvancepayments (2,223)
(1,662)
(2,117)
Groundpropertyandequipment,includingtechnology (722)
(587)
(404)
Purchaseofequityinvestments (500)
—
(360)
Purchaseofshort-terminvestments (998)
(1,795)
(959)
Redemptionofshort-terminvestments 739
1,533
1,117
AcquisitionofLondon-Heathrowslots (276)
—
(47)
Other,net 25
48
14
Netcashusedininvestingactivities (3,955)
(2,463)
(2,756)
CashFlowsFromFinancingActivities:
Paymentsonlong-termdebtandcapitalleaseobligations (2,558)
(2,928)
(1,461)
Repurchaseofcommonstock (2,200)
(1,100)
(250)
Cashdividends (359)
(251)
(102)
Fuelcardobligation (340)
(41)
147
Paymentsonhedgederivativecontracts (71)
—
—
Proceedsfromhedgederivativecontracts 429
—
—
Proceedsfromlong-termobligations 1,038
1,020
268
Other,net (27)
60
78
Netcashusedinfinancingactivities (4,088)
(3,240)
(1,320)
Net(Decrease)IncreaseinCashandCashEquivalents (116)
(756)
428
Cashandcashequivalentsatbeginningofperiod 2,088
2,844
2,416
Cashandcashequivalentsatendofperiod $ 1,972
$ 2,088
$ 2,844
SupplementalDisclosureofCashPaidforInterest $ 452
$ 560
$ 698
Non-CashTransactions: