Common stock, authorized (shares)

Financial Statements  
DELTA AIR LINES, INC.Consolidated Balance Sheets(Unaudited)

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| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
|  |  |  |  |  |  |  |  |  |  |  |  |
| (in millions, except share data) | September 30,2022 |  | December 31,2021 |
| ASSETS |
| Current Assets: |  |  |  |
| Cash and cash equivalents | $ | 7,023  |  |  | $ | 7,933  |  |
| Short-term investments | 1,345  |  |  | 3,386  |  |
| Accounts receivable, net of allowance for uncollectible accounts of $24 and $50 | 3,097  |  |  | 2,404  |  |
| Fuel, expendable parts and supplies inventories, net of allowance for obsolescence of $150 and $176 | 1,473  |  |  | 1,098  |  |
| Prepaid expenses and other | 1,861  |  |  | 1,119  |  |
| Total current assets | 14,799  |  |  | 15,940  |  |
| Noncurrent Assets: |  |  |  |
| Property and equipment, net of accumulated depreciation and amortization of $19,984 and $18,671 | 31,512  |  |  | 28,749  |  |
| Operating lease right-of-use assets | 6,961  |  |  | 7,237  |  |
| Goodwill | 9,753  |  |  | 9,753  |  |
| Identifiable intangibles, net of accumulated amortization of $900 and $893 | 5,994  |  |  | 6,001  |  |
| Equity investments | 1,585  |  |  | 1,712  |  |
| Deferred income taxes, net | 935  |  |  | 1,294  |  |
| Other noncurrent assets | 1,057  |  |  | 1,773  |  |
| Total noncurrent assets | 57,797  |  |  | 56,519  |  |
| Total assets | $ | 72,596  |  |  | $ | 72,459  |  |
|  |  |  |  |
| LIABILITIES AND STOCKHOLDERS' EQUITY |
| Current Liabilities: |  |  |  |
| Current maturities of debt and finance leases | $ | 2,031  |  |  | $ | 1,782  |  |
| Current maturities of operating leases | 738  |  |  | 703  |  |
| Air traffic liability | 8,947  |  |  | 6,228  |  |
| Accounts payable | 4,958  |  |  | 4,240  |  |
| Accrued salaries and related benefits | 2,796  |  |  | 2,457  |  |
| Loyalty program deferred revenue | 3,478  |  |  | 2,710  |  |
| Fuel card obligation | 1,100  |  |  | 1,100  |  |
| Other accrued liabilities | 1,822  |  |  | 1,746  |  |
| Total current liabilities | 25,870  |  |  | 20,966  |  |
| Noncurrent Liabilities: |  |  |  |
| Debt and finance leases | 21,202  |  |  | 25,138  |  |
| Noncurrent air traffic liability | 150  |  |  | 130  |  |
| Pension, postretirement and related benefits | 5,470  |  |  | 6,035  |  |
| Loyalty program deferred revenue | 4,382  |  |  | 4,849  |  |
| Noncurrent operating leases | 6,865  |  |  | 7,056  |  |
| Other noncurrent liabilities | 4,067  |  |  | 4,398  |  |
| Total noncurrent liabilities | 42,136  |  |  | 47,606  |  |
|  |  |  |  |
| Commitments and Contingencies |  |  |  |
|  |  |  |  |
| Stockholders' Equity: |  |  |  |
| Common stock at $0.0001 par value; 1,500,000,000 shares authorized, 651,719,217 and 649,720,387shares issued | —  |  |  | —  |  |
| Additional paid-in capital | 11,507  |  |  | 11,447  |  |
| Retained earnings/(accumulated deficit) | 342  |  |  | (148) |  |
| Accumulated other comprehensive loss | (6,946) |  |  | (7,130) |  |
| Treasury stock, at cost, 10,530,855 and 9,752,872 shares | (313) |  |  | (282) |  |
| Total stockholders' equity | 4,590  |  |  | 3,887  |  |
| Total liabilities and stockholders' equity | $ | 72,596  |  |  | $ | 72,459  |  |
| The accompanying notes are an integral part of these Condensed Consolidated Financial Statements. |

Delta Air Lines, Inc. September 2022 Form 10-Q                                 3
