Investor Presentaiton
Non-GAAP Reconciliations
Capital Expenditures, Net
We present core capital spending which includes proceeds for sales of E190 aircraft because management believes investors should be informed that these proceeds effectively offset the cash paid for
these aircraft earlier in the year. Management believes investors should be informed that reimbursements for build-to-suit leased facilities effectively reduce net cash provided by operating activities.
(in billions)
(Projected)
Year Ended
December 31, 2019
Year Ended
December 31, 2018
Year Ended
December 31, 2017
Year Ended
December 31, 2016
Flight equipment, including advance payments
$
~3.4
3.7
$
2.7
2.6
Ground property and equipment, including technology
~1.7
1.5
1.2
0.8
Net cash flows related to certain airport construction projects
Proceeds from sale of E190 aircraft
~(0.6)
(0.5)
(0.2)
(0.2)
Capital expenditures, net
Operating revenue
Capital expenditures, net to operating revenue
SS
~4.5
$
4.6
$
3.7
~47
$
44
41
SASA
$
3.2
$
-10%
11%
9%
39
8%
ADELTA
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