Delta airlines 10k

Overview

As an analyst for a large U.S. multinational corporation, you are assigned to examine a possible acquisition candidate, completing an initial search and review. Your supervisor is a member of the Controller’s team. The Controller reports directly to the Chief Financial Officer (CFO). Your work may be presented to a variety of audiences, so professionalism is essential in all deliverables you create. As the audience for your report is diverse, you must explain all accounting/financial terminology and concepts presented.

1. Select a company that is publicly traded. (DELTA AIRLINES)

2. You must research and secure the SEC 10-K Annual Report for the most recent year. This is often available at the company web site. Search for “Investor Information” or “Company Information” and “SEC Filing.”

3. You may also find the report using the SEC EDGAR system.

4. Save the file to your computer for access. There is no need to print this file as the report is usually 100 pages or more.

5. Cut and paste the Income Statement, Balance Sheet and Statement of Cash Flows into a Word Document. You will need these for the SEC 10-K discussions as well as for your final report. Please make sure you use the Statement of Operations for your Income Statement and not the Statement of Comprehensive Income. Your statements must be readable when printed. If you need assistance, please let me knowh. (ATTACHED BELOW)

6. Use this company in the Discussion postings throughout the semester. The discussion questions will help you build content for your report and presentation.

Report Requirements

Report Content

1. Post the name of your company in the SEC 10-K company for your instructor’s approval in the SEC Project: Request a Corporation to study (REQUIRED posting) during Week 1. All parts of the discussion must be answered in your post.

2. Each student must select a different company, so read the company names selected by classmates. Also, your selected company must be ranked 500 or higher on the Fortune 500 list of industrial companies. (DELTA AIRLINES)

3. Your report should comment on the financial statements for your company as they relate to the information presented through Week 2 for this class, including the notes to the financial statements. The SEC 10K Discussions for weeks 1-3 will be used to write draft sections of your report. Your final report must be based on these writings, which you will update/revise based on feedback given.

Week 1 discussion:

Delta Airlines; NYSE: DAL

I would love to study Delta Airlines because I love flying with them. Everywhere I go, I fly delta! Also, if I didn’t join the Navy, I was going to become a flight attendant and my ultimate goal was to become a flight attendant with Delta! This interest in Delta makes me want to learn more about them and revenue.

Below is the link for the SEC-10K report:

https://www.sec.gov/ix?doc=/Archives/edgar/data/27904/000002790421000003/dal-20201231.htm

According to the Fortune 500, Delta Airlines is ranked number 68.

The financial statements are found on the pages below:

Income statement: PAGE 64

Balance sheet: PAGE 62

Statement of stockholder’s equity: PAGE 66

Statement of cash flows: PAGE 65

In 1925, Huff Daland Dusters became the predecessor of Delta. His 18 planes became the leading privately-owned fleet worldwide and also became the first commercial agricultural flying company. Later on, Delta became the first international mail and passenger route on the west coast of South America for Pan Am subsidiary Peruvian Airways (Gay, 2019). In 1941 Delta headquarters moves from Monroe, La., to Atlanta, Ga and in 1942 Delta provides to the war by modifying 1,000+ aircraft in efforts to help. Fast forward to 2001 Delta felt a great financial impact for the first time in 6 years after the 2001 terrorist attack (Gay, 2019). Years later in 2010, Delta announces largest product upgrade in a decade with plans to invest more than $2 billion through 2013 to improve the overall quality of the Delta experience, meaning customer service, renovations on aircraft, and more!