What is Delta Air Lines's contract liabilities?

Delta Air Lines (DAL) reported contract liabilities of $7.86B in Q3 2022.

What does contract liabilities mean?

Revenue collected or billed in advance of performance — deferred revenue under ASC 606 terminology, representing future revenue obligations.

Delta Air Lines DAL Contract Liabilities

Discontinued — last reported Q3 '22

Contract Liabilities at other companies

Southwest AirlinesLUV

$1.67B+4.6%

JetBlue AirwaysJBLU

$737M+12.2%

ALG

Allegiant TravelALGT

$76.5M-4.8%

General DynamicsGD

$2.61B—

AIR

Air TAIRT

$24.43M+517%

Applied Industrial TechnologiesAIT

——

Segments

By product

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Loyalty and related$4.33B-5.4%

Other financials

Income statement

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Revenue$19.8B+18.7%

Operating income$1.9B-11.3%

Net income$1.6B-24.7%

EPS (diluted)$2.44-25.4%

Balance sheet

See full

Cash & equivalents$4.8B+35.3%

Total debt$18.9B-8.1%

Total equity$21.8B+25.1%

Total assets$86.3B+10.1%

Cash flow

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Operating cash flow$1.6B-14.1%

Valuation

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Market cap$58.26B+67.7%

Enterprise value$72.42B+25.8%

P/E14.8×+7.0×

P/S0.9×+0.3×

Profitability

See full

Operating margin8.1%-1.3pp

Net margin5.8%-1.5pp

Returns & leverage

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Return on equity20.1%-9.9pp

Debt / equity1×-0.4×

Current ratio0.4×0.0×

Where this comes from

Reported directly by Delta Air Lines in its filing.

Tagged under the XBRL concept us-gaap:ContractWithCustomerLiability.

The official record: Delta Air Lines’s 10-Q, filed October 13, 2022, on SEC EDGAR. View the filing →

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Questions, answered.

What is Delta Air Lines's contract liabilities?: Delta Air Lines (DAL) reported contract liabilities of $7.86B in Q3 2022.
What does contract liabilities mean?: Revenue collected or billed in advance of performance — deferred revenue under ASC 606 terminology, representing future revenue obligations.