Air Transport Services Group, Inc (ATSG) financial statements (2021 and earlier)

Company profile

Business Address 145 HUNTER DR
WILMINGTON, OH 45177
State of Incorp. DE
Fiscal Year End December 31
SIC 4513 - Air Courier Services (benchmarking)
More info Complete financial analysis Financial benchmarking

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments, including:40465933161831
Other undisclosed cash, cash equivalents, and short-term investments40465933161831
Receivables154163148109775844
Inventory, net of allowances, customer advances and progress billings40373422201311
Inventory40373422201311
Disposal group, including discontinued operation      1
Other undisclosed current assets39201921191332
Total current assets:273267259185133101117
Noncurrent Assets
Nontrade receivables1261476481   
Property, plant and equipment1,9401,7661,5551,1601,001875847
Long-term investments and receivables      14
Long-term investments      14
Intangible assets, net (including goodwill), including:51652853545463939
Goodwill3963963913737 34
Intangible assets, net (excluding goodwill)12013214578  
Other undisclosed intangible assets, net (including goodwill)     395
Other noncurrent assets78695725802728
Other undisclosed noncurrent assets6944 54  (14)
Total noncurrent assets:2,7292,5532,2111,3641,127941915
TOTAL ASSETS:3,0022,8202,4711,5491,2591,0421,032
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities76777151473634
Accrued liabilities191820101088
Employee-related liabilities57595140372726
Deferred revenue5418
Debt14153019293424
Deferred revenue and credits16181313
Other undisclosed current liabilities159154129100614441
Total current liabilities:302263229185156127112
Noncurrent Liabilities
Long-term debt and lease obligation, including:1,4651,4701,372497429284320
Long-term debt, excluding current maturities1,4651,4701,372497429284320
Operating lease, liability5130
Other undisclosed long-term debt and lease obligation(51)(30)     
Liabilities, other than long-term debt92102247225271267278
Deferred tax liabilities, net1139912397103
Liability, pension and other postretirement and postemployment benefits353764617810892
Other liabilities48495245536258
Self insurance reserve916181819 26
Other undisclosed noncurrent liabilities28752518624771 (26)
Total noncurrent liabilities:1,8442,0971,805969772551572
Total liabilities:2,1462,3602,0341,154927678684
Stockholders' equity
Stockholders' equity attributable to parent, including:855460436395332364347
Additional paid in capital856476471471443518527
Accumulated other comprehensive loss(79)(62)(91)(63)(80)(99)(83)
Retained earnings (accumulated deficit)784656(14)(32)(56)(97)
Other undisclosed stockholders' equity attributable to parent1111111
Total stockholders' equity:855460436395332364347
TOTAL LIABILITIES AND EQUITY:3,0022,8202,4711,5491,2591,0421,032

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues1,5711,4528921,068769619590
Cost of revenue
(Cost of Goods and Services Sold)
(12)(155)(147)(22)(106)(53)(155)
Gross profit:1,5581,2977461,046663567434
Operating expenses(1,364)(1,275)(781)(975)(705)(546)(525)
Other undisclosed operating income121551472210653155
Operating income:20617711193647365
Nonoperating expense(177)(96)(32)(100)(29)(10)(12)
Net periodic defined benefits expense (reversal of expense), excluding service cost component(12)9(8)
Other nonoperating expense(165)(105)(24)(100)(29)(10)(13)
Interest and debt expense(14)(17)(29)(17)(11)(11)(14)
Other undisclosed income from continuing operations before equity method investments, income taxes2683717111113
Income (loss) from continuing operations before income taxes:417287(7)346352
Income tax expense (benefit)(16)(12)(20)28(13)(23)(20)
Income from continuing operations:25606822213932
Income (loss) from discontinued operations   (3) 2(2)
Net income:25606818214130
Other undisclosed net income attributable to parent711 2 0
Net income available to common stockholders, diluted:32616918234130

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income:25606818214130
Other comprehensive income (loss)17(27)28(4)(21)1456
Comprehensive income (loss):42339615(0)5686
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(27)58(55)2143(31)(109)
Comprehensive income (loss), net of tax, attributable to parent:159141354325(23)

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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