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
Industry (SIC) 4513 - Air Courier Services (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)
Annual | Quarterly

6/30/2023
MRQ
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments, including:27,13469,49639,71946,20159,32232,699
Other undisclosed cash, cash equivalents, and short-term investments27,13469,49639,71946,20159,32232,699
Receivables301,622205,399153,511162,870147,755109,114
Inventory, net of allowances, customer advances and progress billings57,76449,20440,41037,39733,53622,169
Inventory57,76449,20440,41037,39733,53622,169
Other undisclosed current assets31,95628,74239,09620,32318,60820,521
Total current assets:418,476352,841272,736266,791259,221184,503
Noncurrent Assets
Operating lease, right-of-use asset74,07062,644  ✕✕
Nontrade receivables   126,007146,67863,78080,684
Property, plant and equipment2,402,4082,129,9341,939,7761,766,0201,555,0051,159,962
Long-term investments and receivables18,90010,300    
Long-term investments18,90010,300    
Intangible assets, net (including goodwill)492,642505,125516,290527,654535,35944,577
Goodwill395,974395,974395,974395,974390,74537,279
Intangible assets, net (excluding goodwill)96,668109,151120,316131,680144,6147,298
Other noncurrent assets122,647113,87878,11268,73357,22025,435
Other undisclosed noncurrent assets60,75092,61368,82444,302 53,683
Total noncurrent assets:3,171,4172,914,4942,729,0092,553,3872,211,3641,364,341
TOTAL ASSETS:3,589,8933,267,3353,001,7452,820,1782,470,5851,548,844
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities68,96471,60275,51177,01570,55550,582
Employee-related liabilities✕56,49856,65256,50659,42950,93240,127
Accrued liabilities12,46614,95019,00517,58619,62310,455
Deferred revenue21,54647,38153,52217,566✕✕
Debt63962813,74614,70729,65418,512
Deferred revenue and credits✕✕✕✕✕✕15,850
Other undisclosed current liabilities216,308193,020159,209153,951128,92599,728
Total current liabilities:307,457312,631301,988263,239229,134184,672
Noncurrent Liabilities
Long-term debt and lease obligation, including:1,464,2851,298,7351,465,3311,469,6771,371,598497,246
Long-term debt, excluding current maturities1,464,2851,298,7351,465,3311,469,6771,371,598497,246
Other undisclosed long-term debt and lease obligation  (44,387)(51,128)(30,334)  
Liabilities, other than long-term debt404,95077,09992,362102,137247,233224,552
Deferred tax liabilities, net✕✕✕✕✕113,24399,444
Deferred income tax liabilities255,180   ✕✕
Liability, pension and other postretirement and postemployment benefits35,33421,33735,09936,74464,48561,355
Other liabilities62,86149,66247,96349,29351,90545,353
Operating lease, liability51,57544,38751,12830,334✕✕
Self insurance reserve  6,1009,30016,10017,60018,400
Other undisclosed noncurrent liabilities695256,493286,567524,783186,182247,095
Total noncurrent liabilities:1,869,9301,632,3271,844,2602,096,5971,805,013968,893
Total liabilities:2,177,3871,944,9582,146,2482,359,8362,034,1471,153,565
Equity
Equity, attributable to parent, including:1,412,5061,322,377855,497460,342436,438395,279
Additional paid in capital986,3031,074,286855,547475,720471,158471,456
Accumulated other comprehensive loss(103,402)(62,080)(78,656)(61,866)(91,362)(63,020)
Retained earnings (accumulated deficit)528,882309,43078,01045,89556,051(13,748)
Other undisclosed equity, attributable to parent723741596593591591
Total equity:1,412,5061,322,377855,497460,342436,438395,279
TOTAL LIABILITIES AND EQUITY:3,589,8933,267,3353,001,7452,820,1782,470,5851,548,844

Income Statement (P&L) ($ in thousands)
Annual | Quarterly

6/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues2,045,4691,734,2821,570,5751,452,183892,3451,068,200
Cost of revenue(1,189,893)(173,600)(12,468)(155,033)(146,692)(22,271)
Cost of goods and services sold(454,217)(173,600)(12,468)(155,033)(146,692)(22,271)
Gross profit:855,5761,560,6821,558,1071,297,150745,6531,045,929
Operating expenses(570,093)(1,413,050)(1,364,185)(1,275,186)(781,327)(974,905)
Other undisclosed operating income (loss) 173,60012,468155,033146,69222,271
Operating income:285,483321,232206,390176,997111,01893,295
Nonoperating expense(24,985)(37,854)(177,029)(96,021)(31,720)(99,831)
Investment income, nonoperating9,437     
Net periodic defined benefits expense (reversal of expense), excluding service cost component20,046(17,827)(12,032)9,404(8,180)✕
Other nonoperating expense (20,027)(164,997)(105,425)(23,540)(99,831)
Interest and debt expense(46,861)6,505(13,587)(17,445)(28,799)(17,023)
Other undisclosed income from continuing operations before equity method investments, income taxes46,86111,32225,6198,04136,97917,023
Income (loss) from continuing operations before equity method investments, income taxes:260,498301,20541,39371,57287,478(6,536)
Loss from equity method investments(7,607)     
Other undisclosed income from continuing operations before income taxes7,607     
Income (loss) from continuing operations before income taxes:260,498301,20541,39371,57287,478(6,536)
Income tax expense (benefit)(64,060)(72,224)(16,314)(11,589)(19,595)28,276
Income from continuing operations:196,438228,98125,07959,98367,88321,740
Income before gain (loss) on sale of properties:✕228,98125,07959,98367,88318,495
Loss from discontinued operations      (3,245)
Net income:196,438228,98125,07959,98367,88318,495
Other undisclosed net income (loss) attributable to parent2,1432,4397,0361,2191,402 
Net income available to common stockholders, basic:198,581231,42032,11561,20269,28518,495
Interest on convertible debt3,051     
Dilutive securities, effect on basic earnings per share      
Other undisclosed net income available to common stockholders, diluted      
Net income available to common stockholders, diluted:201,632231,42032,11561,20269,28518,495

Comprehensive Income ($ in thousands)
Annual | Quarterly

6/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income:196,438228,98125,07959,98367,88318,495
Other comprehensive income (loss)(2,675)(16,582)16,788(27,261)28,171(3,830)
Comprehensive income:193,763212,39941,86732,72296,05414,665
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(36,504)35,597(26,542)57,976(55,111)20,676
Comprehensive income, net of tax, attributable to parent:157,259247,99615,32590,69840,94335,341

Statements Sources

The financial statements are based on the Company's filings with 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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