Air T, Inc. (AIRT) financial statements (2020 and earlier)

Company profile

Business Address 5930 BALSOM RIDGE ROAD
DENVER, NC 28037
State of Incorp. DE
Fiscal Year End March 31
SIC 4513 - Air Courier Services (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2019
Q3
9/30/2019
Q2
6/30/2019
Q1
3/31/2019
Q4
12/31/2018
Q3
9/30/2018
Q2
6/30/2018
Q1
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments13291814587
Cash and cash equivalents12271613366
Short-term investments2122221
Restricted cash and investments11111111
Receivables17193219202120
Inventory, net of allowances, customer advances and progress billings68403730402928
Inventory68403730402928
Prepaid expense   2221
Other current assets    43 
Other undisclosed current assets7925  3
Total current assets:117998971726560
Noncurrent Assets
Property, plant and equipment445553719
Long-term investments and receivables5446666
Long-term investments5446655
Accounts and financing receivable, after allowance for credit loss   0000
Intangible assets, net (including goodwill)5566666
Goodwill4444444
Intangible assets, net (excluding goodwill)1111111
Deferred income tax assets   1
Other noncurrent assets0000111
Other undisclosed noncurrent assets263030262846
Total noncurrent assets:41444544455337
TOTAL ASSETS:15814313411511711897
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities24152227232925
Accounts payable11131313111515
Accrued liabilities13154121410
Employee-related liabilities  39   
Taxes payable 111000
Deferred revenue   2
Debt52302825331510
Other undisclosed current liabilities11111    
Total current liabilities:76566053574435
Noncurrent Liabilities
Long-term debt and lease obligation40463633334431
Long-term debt, excluding current maturities40463633334431
Liabilities, other than long-term debt1111211
Deferred tax liabilities, net111
Other liabilities1111111
Other undisclosed noncurrent liabilities968    
Total noncurrent liabilities:50534634354633
Total liabilities:12710910686928968
Temporary equity, carrying amount8675332
Stockholders' equity
Stockholders' equity attributable to parent22262024232728
Common stock1111111
Treasury stock, value(2)      
Additional paid in capital1223444
Accumulated other comprehensive loss(0)(0)(0)(0)(0)(0)(0)
Retained earnings23241821192223
Stockholders' equity attributable to noncontrolling interest111(1)(1)(1)(1)
Total stockholders' equity:23272123222627
TOTAL LIABILITIES AND EQUITY:15814313411511711897

Income statement (P&L) ($ in millions)

12/31/2019
Q3
9/30/2019
Q2
6/30/2019
Q1
3/31/2019
Q4
12/31/2018
Q3
9/30/2018
Q2
6/30/2018
Q1
Gross profit:73515676644961
Operating expenses(70)(50)(54)(70)(62)(51)(58)
Operating income (loss):40161(2)3
Nonoperating income (expense)(3)(3)3(1)(4)(0)1
Investment income, nonoperating  0 (1)0(0)
Other nonoperating income (expense)0(0)  (0)0(1)
Interest and debt expense(1)(2)(1)(1)(1)(1) 
Income (loss) from continuing operations before equity method investments, income taxes:(0)(4)34(3)(3)4
Other undisclosed income from continuing operations before income taxes121111 
Income (loss) from continuing operations before income taxes:1(2)45(2)(2)4
Income tax expense (benefit)(1)00(1)(0)0(0)
Income (loss) from continuing operations:1(2)44(2)(1)3
Loss from discontinued operations (0)     
Income (loss) before gain (loss) on sale of properties:1(2)44(2)(1)3
Other undisclosed net income (loss)(0)8     
Net income (loss):0644(2)(1)3
Net income (loss) attributable to noncontrolling interest(1)(0)(2)(1)(0)0(0)
Net income (loss) available to common stockholders, diluted:(0)623(3)(1)3

Comprehensive Income ($ in millions)

12/31/2019
Q3
9/30/2019
Q2
6/30/2019
Q1
3/31/2019
Q4
12/31/2018
Q3
9/30/2018
Q2
6/30/2018
Q1
Net income (loss):0644(2)(1)3
Other comprehensive income (loss)0(0)(0)(0)(0)00
Comprehensive income (loss):0644(2)(1)3
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(1)(0)(2)(1)(0)0(0)
Comprehensive income (loss), net of tax, attributable to parent:(0)622(3)(1)3

Statements sources

The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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