FFilingLens
Quarterly TTM Annual
Income Balance Cash flow
8P

Three-Statement Breakdown

DAL
2026-06-30 · figures in $M

FCF UP

Free cash flow rose 19% to $4.7B — the highest of its last 8 readings, and covered net income 1.18×.

CASH FROM OPS -3.1%
8,134 11.9% MGN
CAPITAL EXPENDITURE -22.2%
3,480
FREE CASH FLOW +18.7%
4,654
FCF / NET INCOME +34.5%
1.18× TARGET >1.0×
Cash flow TTM 24-09 TTM 24-12 TTM 25-03 TTM 25-06 TTM 25-09 TTM 25-12 TTM 26-03 vs prior TTM YoY TTM 8Q
Net income
10-Q
4,651 3,457 3,660 4,485 4,630 5,005 4,476 3,950 -11.8% -11.9% 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
10-Q
2,488 2,513 2,505 2,487 2,458 2,443 2,471 2,525 +2.2% +1.5% 2,525
Cash from operations
6,676 8,025 7,995 7,403 7,976 8,342 8,396 8,134 -3.1% +9.9% 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
1.44× 2.32× 2.18× 1.65× 1.72× 1.67× 1.88× 2.06× +9.8% +24.8% 2.06×
Capital expenditures
(5,431) (5,140) (5,171) (5,072) (4,904) (4,499) (4,475) (3,480) -22.2% -31.4% (3,480)
Free cash flow
1,245 2,885 2,824 2,331 3,072 3,843 3,921 4,654 +18.7% +99.7% 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
2.1% 4.7% 4.6% 3.8% 4.9% 6.1% 6.0% 6.8% +13.3% +81.1% 6.8%
Cash from investing
-3,105 -3,739 -4,326 -4,716 -4,627 -4,186 -4,225 -4,538 — — -4,538
Dividends paid
289 321 356 389 414 440 470 496 +5.5% +27.5% 496
Debt repayment
2,772 3,953 3,772 5,276 5,473 4,827 5,860 3,455 -41.0% -34.5% 3,455
Cash from financing
-2,254 -4,260 -4,107 -3,665 -3,664 -3,076 -2,877 -2,352 — — -2,352
Net change in cash
1,317 26 -438 -978 -315 1,080 1,294 1,244 -3.9% — 1,244
Ending cash balance
3,969 3,069 3,711 3,331 3,791 4,310 5,053 4,665 -7.7% +40.0% 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
FROM3,921 CASH FROM OPERATIONS-262 CAPITAL EXPENDITURES+995 TO4,654
↹ CLICK A LINE TO SELECT · ⌘F FIND LINE ITEM SRC 10-Q FILED 2026-07-10 ↗