Balance Sheet Data

Delta Air Lines, Inc. (DAL)

$33.87

-1.23 (-3.50%)

Year
A/P
2017
Actual
2018
Actual
2019
Actual
2020
Actual
2021
Actual
2022
Projected
2023
Projected
2024
Projected
2025
Projected
2026
Projected
Total Cash 2,6391,7682,88214,09611,3198,688.799,227.319,799.2010,406.5411,051.51
Total Cash (%)
Account Receivables 2,3772,3142,8541,3962,4042,111.422,242.282,381.252,528.842,685.57
Account Receivables (%)
Inventories 1,3291,0551,2517321,0981,029.531,093.341,161.101,233.061,309.49
Inventories (%)
Accounts Payable 3,6742,9763,2662,8404,2403,387.753,597.723,820.704,057.504,308.98
Accounts Payable (%)
Capital Expenditure -3,891-5,168-4,936-1,899-3,247-3,399.55-3,610.25-3,834.01-4,071.63-4,323.98
Capital Expenditure (%)



To support growth, companies need to keep investing in capital items – including property, plants and equipment.
To calculate this net investment,we take capital expenditure (found in the company’s statement of cash flows) and subtract non-cash depreciation (found on the income statement).
Working capital refers to the cash a company needs for day-to-day operations.
The faster a company expands, the more cash it will need.
To calculate working capital, we take current assets and subtract current liabilities.
You can find both of these on a company’s balance sheet, which is published in its quarterly and annual financial statements.