FFilingLens
Quarterly TTM Annual
Income Balance Cash flow
8Y

Three-Statement Breakdown

DAL
2026-06-30 · figures in $M

FCF UP

Free cash flow rose 33% to $3.8B — the highest of its last 8 readings, and covered net income 0.77×.

CASH FROM OPS +4.0%
8,342 13.2% MGN
CAPITAL EXPENDITURE -12.5%
4,499
FREE CASH FLOW +33.2%
3,843
FCF / NET INCOME -8.0%
0.77× TARGET >1.0×
Cash flow FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 YoY TTM 8Q
Net income
3,935 4,767 -12,385 280 1,318 4,609 3,457 5,005 +44.8% 3,950 2024-09-30 · $1.3B2024-12-31 · $843.0M2025-03-31 · $240.0M2025-06-30 · $2.1B2025-09-30 · $1.4B2025-12-31 · $1.2B2026-03-31 · -$289.0M2026-06-30 · $1.6B
Depreciation & amortization
2,329 2,581 2,312 1,998 2,107 2,341 2,513 2,443 -2.8% 2,525
Stock-based comp
NOT DISCLOSED
159 161 — — — — — — — —
Cash from operations
7,014 8,425 -3,793 3,264 6,363 6,464 8,025 8,342 +4.0% 8,134 2024-09-30 · $1.3B2024-12-31 · $1.9B2025-03-31 · $2.4B2025-06-30 · $1.9B2025-09-30 · $1.8B2025-12-31 · $2.3B2026-03-31 · $2.4B2026-06-30 · $1.6B
Cash conversion
NOT DISCLOSED
1.78× 1.77× — 11.66× 4.83× 1.40× 2.32× 1.67× -28.2% 2.06×
Capital expenditures
(5,168) (4,936) (1,899) (3,247) (6,366) (5,323) (5,140) (4,499) -12.5% (3,480)
Free cash flow
1,846 3,489 -5,692 17 -3 1,141 2,885 3,843 +33.2% 4,654 2024-09-30 · -$54.0M2024-12-31 · $583.0M2025-03-31 · $1.2B2025-06-30 · $648.0M2025-09-30 · $687.0M2025-12-31 · $1.4B2026-03-31 · $1.2B2026-06-30 · $1.4B
FCF margin
4.2% 7.4% -33.3% 0.1% -0.0% 2.0% 4.7% 6.1% +29.6% 6.8%
Cash from investing
-4,393 -4,563 -9,238 -898 -6,924 -3,148 -3,739 -4,186 — -4,538
Dividends paid
909 980 260 0 0 128 321 440 +37.1% 496
Share repurchases
NOT DISCLOSED
1,575 2,027 344 0 0 — — — — —
Debt repayment
3,052 3,320 8,559 5,834 4,475 4,071 3,953 4,827 +22.1% 3,455
Cash from financing
-1,726 -2,880 19,356 -3,852 -4,535 -3,394 -4,260 -3,076 — -2,352
Net change in cash
895 982 6,325 -1,486 -5,096 -78 26 1,080 41.5× 1,244
Ending cash balance
1,565 2,882 8,307 7,933 3,266 2,741 3,069 4,310 +40.4% 4,665

Click a line to select it — Enter or the EXPAND pill folds out its quarter-by-quarter history.

SELECTED · FREE CASH FLOW · QoQ BRIDGE
FROM2,885 CASH FROM OPERATIONS+317 CAPITAL EXPENDITURES+641 TO3,843
↹ CLICK A LINE TO SELECT · ⌘F FIND LINE ITEM SRC 10-Q FILED 2026-07-10 ↗