Air Transport Services Group, Inc (ATSG) financial statements (2023 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)
| 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments, including: | 69 | 40 | 46 | 59 | 33 | 16 | 18 | ||
| Other undisclosed cash, cash equivalents, and short-term investments | 69 | 40 | 46 | 59 | 33 | 16 | 18 | ||
| Receivables | 205 | 154 | 163 | 148 | 109 | 77 | 58 | ||
| Inventory, net of allowances, customer advances and progress billings | 49 | 40 | 37 | 34 | 22 | 20 | 13 | ||
| Inventory | 49 | 40 | 37 | 34 | 22 | 20 | 13 | ||
| Other undisclosed current assets | 29 | 39 | 20 | 19 | 21 | 19 | 13 | ||
| Total current assets: | 353 | 273 | 267 | 259 | 185 | 133 | 101 | ||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 63 | ✕ | ✕ | ✕ | ✕ | ||||
| Nontrade receivables | 126 | 147 | 64 | 81 | |||||
| Property, plant and equipment | 2,130 | 1,940 | 1,766 | 1,555 | 1,160 | 1,001 | 875 | ||
| Long-term investments and receivables | 10 | ||||||||
| Long-term investments | 10 | ||||||||
| Intangible assets, net (including goodwill), including: | 505 | 516 | 528 | 535 | 45 | 46 | 39 | ||
| Goodwill | 396 | 396 | 396 | 391 | 37 | 37 | |||
| Intangible assets, net (excluding goodwill) | 109 | 120 | 132 | 145 | 7 | 8 | |||
| Other undisclosed intangible assets, net (including goodwill) | 39 | ||||||||
| Other noncurrent assets | 114 | 78 | 69 | 57 | 25 | 80 | 27 | ||
| Other undisclosed noncurrent assets | 93 | 69 | 44 | 54 | |||||
| Total noncurrent assets: | 2,914 | 2,729 | 2,553 | 2,211 | 1,364 | 1,127 | 941 | ||
| TOTAL ASSETS: | 3,267 | 3,002 | 2,820 | 2,471 | 1,549 | 1,259 | 1,042 | ||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 72 | 76 | 77 | 71 | 51 | 47 | 36 | ||
| Accrued liabilities | 15 | 19 | 18 | 20 | 10 | 10 | 8 | ||
| Employee-related liabilities | 57 | 57 | 59 | 51 | 40 | 37 | 27 | ||
| Deferred revenue | 47 | 54 | 18 | ✕ | ✕ | ✕ | ✕ | ||
| Debt | 1 | 14 | 15 | 30 | 19 | 29 | 34 | ||
| Deferred revenue and credits | ✕ | ✕ | ✕ | ✕ | 16 | 18 | 13 | ||
| Other undisclosed current liabilities | 193 | 159 | 154 | 129 | 100 | 61 | 44 | ||
| Total current liabilities: | 313 | 302 | 263 | 229 | 185 | 156 | 127 | ||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation, including: | 1,299 | 1,465 | 1,470 | 1,372 | 497 | 429 | 284 | ||
| Long-term debt, excluding current maturities | 1,299 | 1,465 | 1,470 | 1,372 | 497 | 429 | 284 | ||
| Operating lease, liability | 44 | 51 | 30 | ✕ | ✕ | ✕ | ✕ | ||
| Other undisclosed long-term debt and lease obligation | (44) | (51) | (30) | ||||||
| Liabilities, other than long-term debt | 77 | 92 | 102 | 247 | 225 | 271 | 267 | ||
| Deferred tax liabilities, net | ✕ | ✕ | ✕ | 113 | 99 | 123 | 97 | ||
| Liability, pension and other postretirement and postemployment benefits | 21 | 35 | 37 | 64 | 61 | 78 | 108 | ||
| Other liabilities | 50 | 48 | 49 | 52 | 45 | 53 | 62 | ||
| Self insurance reserve | 6 | 9 | 16 | 18 | 18 | 19 | |||
| Other undisclosed noncurrent liabilities | 256 | 287 | 525 | 186 | 247 | 71 | |||
| Total noncurrent liabilities: | 1,632 | 1,844 | 2,097 | 1,805 | 969 | 772 | 551 | ||
| Total liabilities: | 1,945 | 2,146 | 2,360 | 2,034 | 1,154 | 927 | 678 | ||
| Stockholders' equity | |||||||||
| Stockholders' equity attributable to parent, including: | 1,322 | 855 | 460 | 436 | 395 | 332 | 364 | ||
| Additional paid in capital | 1,074 | 856 | 476 | 471 | 471 | 443 | 518 | ||
| Accumulated other comprehensive loss | (62) | (79) | (62) | (91) | (63) | (80) | (99) | ||
| Retained earnings (accumulated deficit) | 309 | 78 | 46 | 56 | (14) | (32) | (56) | ||
| Other undisclosed stockholders' equity attributable to parent | 1 | 1 | 1 | 1 | 1 | 1 | 1 | ||
| Total stockholders' equity: | 1,322 | 855 | 460 | 436 | 395 | 332 | 364 | ||
| TOTAL LIABILITIES AND EQUITY: | 3,267 | 3,002 | 2,820 | 2,471 | 1,549 | 1,259 | 1,042 | ||
Income statement (P&L) ($ in millions)
| 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 1,734 | 1,571 | 1,452 | 892 | 1,068 | 769 | 619 | |
| Cost of revenue (Cost of Goods and Services Sold) | (174) | (12) | (155) | (147) | (22) | (106) | (53) | |
| Gross profit: | 1,561 | 1,558 | 1,297 | 746 | 1,046 | 663 | 567 | |
| Operating expenses | (1,413) | (1,364) | (1,275) | (781) | (975) | (705) | (546) | |
| Other undisclosed operating income | 174 | 12 | 155 | 147 | 22 | 106 | 53 | |
| Operating income: | 321 | 206 | 177 | 111 | 93 | 64 | 73 | |
| Nonoperating expense | (38) | (177) | (96) | (32) | (100) | (29) | (10) | |
| Net periodic defined benefits expense (reversal of expense), excluding service cost component | (18) | (12) | 9 | (8) | ✕ | ✕ | ✕ | |
| Other nonoperating expense | (20) | (165) | (105) | (24) | (100) | (29) | (10) | |
| Interest and debt expense | 7 | (14) | (17) | (29) | (17) | (11) | (11) | |
| Other undisclosed income from continuing operations before equity method investments, income taxes | 11 | 26 | 8 | 37 | 17 | 11 | 11 | |
| Income (loss) from continuing operations before income taxes: | 301 | 41 | 72 | 87 | (7) | 34 | 63 | |
| Income tax expense (benefit) | (72) | (16) | (12) | (20) | 28 | (13) | (23) | |
| Income from continuing operations: | 229 | 25 | 60 | 68 | 22 | 21 | 39 | |
| Income (loss) from discontinued operations | (3) | 2 | ||||||
| Net income: | 229 | 25 | 60 | 68 | 18 | 21 | 41 | |
| Other undisclosed net income attributable to parent | 2 | 7 | 1 | 1 | 2 | |||
| Net income available to common stockholders, diluted: | 231 | 32 | 61 | 69 | 18 | 23 | 41 | |
Comprehensive Income ($ in millions)
| 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | ||
|---|---|---|---|---|---|---|---|---|
| Net income: | 229 | 25 | 60 | 68 | 18 | 21 | 41 | |
| Other comprehensive income (loss) | (17) | 17 | (27) | 28 | (4) | (21) | 14 | |
| Comprehensive income (loss): | 212 | 42 | 33 | 96 | 15 | (0) | 56 | |
| Other undisclosed comprehensive income (loss), net of tax, attributable to parent | 36 | (27) | 58 | (55) | 21 | 43 | (31) | |
| Comprehensive income, net of tax, attributable to parent: | 248 | 15 | 91 | 41 | 35 | 43 | 25 | |
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.