Air Transport Services Group Inc (ATSG) Financial Statements (2024 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

6/30/2024
MRQ
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments, including:53,55527,13469,49639,71946,20159,322
Other undisclosed cash, cash equivalents, and short-term investments53,55527,13469,49639,71946,20159,322
Receivables215,581301,622205,399153,511162,870147,755
Inventory, net of allowances, customer advances and progress billings49,93957,76449,20440,41037,39733,536
Inventory49,93957,76449,20440,41037,39733,536
Other undisclosed current assets26,62631,95628,74239,09620,32318,608
Total current assets:345,701418,476352,841272,736266,791259,221
Noncurrent Assets
Operating lease, right-of-use asset54,06074,07062,644  ✕
Nontrade receivables    126,007146,67863,780
Property, plant and equipment2,820,7692,402,4082,129,9341,939,7761,766,0201,555,005
Long-term investments and receivables22,70018,90010,300   
Long-term investments22,70018,90010,300   
Intangible assets, net (including goodwill)482,427492,642505,125516,290527,654535,359
Goodwill395,974395,974395,974395,974395,974390,745
Intangible assets, net (excluding goodwill)86,45396,668109,151120,316131,680144,614
Contract with customer, asset, after allowance for credit loss      
Other noncurrent assets118,172122,647113,87878,11268,73357,220
Other undisclosed noncurrent assets38,26160,75092,61368,82444,302 
Total noncurrent assets:3,536,3893,171,4172,914,4942,729,0092,553,3872,211,364
TOTAL ASSETS:3,882,0903,589,8933,267,3353,001,7452,820,1782,470,585
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities10,78468,96471,60275,51177,01570,555
Employee-related liabilities✕✕56,49856,65256,50659,42950,932
Accounts payable      
Accrued liabilities10,78412,46614,95019,00517,58619,623
Deferred revenue30,22621,54647,38153,52217,566✕
Debt54,71063962813,74614,70729,654
Other undisclosed current liabilities304,469216,308193,020159,209153,951128,925
Total current liabilities:400,189307,457312,631301,988263,239229,134
Noncurrent Liabilities
Long-term debt and lease obligation, including:1,707,5721,464,2851,298,7351,465,3311,469,6771,371,598
Long-term debt, excluding current maturities1,707,5721,464,2851,298,7351,465,3311,469,6771,371,598
Other undisclosed long-term debt and lease obligation   (44,387)(51,128)(30,334) 
Liabilities, other than long-term debt403,898404,95077,09992,362102,137247,233
Deferred tax liabilities, net✕✕✕✕✕✕113,243
Deferred income tax liabilities285,248255,180   ✕
Liability, pension and other postretirement and postemployment benefits19,36835,33421,33735,09936,74464,485
Other liabilities64,29262,86149,66247,96349,29351,905
Operating lease, liability34,99051,57544,38751,12830,334✕
Self insurance reserve   6,1009,30016,10017,600
Derivative instruments and hedges, liabilities      
Other undisclosed noncurrent liabilities 1,729695256,493286,567524,783186,182
Total noncurrent liabilities:2,113,1991,869,9301,632,3271,844,2602,096,5971,805,013
Total liabilities:2,513,3882,177,3871,944,9582,146,2482,359,8362,034,147
Equity
Equity, attributable to parent, including:1,368,7021,412,5061,322,377855,497460,342436,438
Common stock      
Additional paid in capital836,270986,3031,074,286855,547475,720471,158
Accumulated other comprehensive loss(57,429)(103,402)(62,080)(78,656)(61,866)(91,362)
Retained earnings589,209528,882309,43078,01045,89556,051
Other undisclosed equity, attributable to parent 652723741596593591
Total equity:1,368,7021,412,5061,322,377855,497460,342436,438
TOTAL LIABILITIES AND EQUITY:3,882,0903,589,8933,267,3353,001,7452,820,1782,470,585

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

6/30/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Revenues2,070,6112,045,4691,734,2821,570,5751,452,183892,345
Cost of revenue(1,260,494)(1,189,893)(173,600)(12,468)(155,033)(146,692)
Cost of goods and services sold(508,781)(454,217)(173,600)(12,468)(155,033)(146,692)
Gross profit:810,117855,5761,560,6821,558,1071,297,150745,653
Operating expenses(610,285)(570,093)(1,413,050)(1,364,185)(1,275,186)(781,327)
Other undisclosed operating income   173,60012,468155,033146,692
Operating income:199,832285,483321,232206,390176,997111,018
Nonoperating expense(115,593)(24,985)(37,854)(177,029)(96,021)(31,720)
Investment income, nonoperating(196)9,437    
Net periodic defined benefits expense (reversal of expense), excluding service cost component(37,017)20,046(17,827)(12,032)9,404(8,180)
Other nonoperating expense   (20,027)(164,997)(105,425)(23,540)
Interest and debt expense(936)(46,861)6,505(13,587)(17,445)(28,799)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes93646,86111,32225,6198,04136,979
Income (loss) from continuing operations before equity method investments, income taxes:84,239260,498301,20541,39371,57287,478
Loss from equity method investments(4,740)(7,607)    
Other undisclosed income from continuing operations before income taxes4,7407,607    
Income from continuing operations before income taxes:84,239260,498301,20541,39371,57287,478
Income tax expense(24,491)(64,060)(72,224)(16,314)(11,589)(19,595)
Income from continuing operations:59,748196,438228,98125,07959,98367,883
Income before gain (loss) on sale of properties:✕✕✕228,98125,07959,98367,883
Net income:59,748196,438228,98125,07959,98367,883
Other undisclosed net income attributable to parent5792,1432,4397,0361,2191,402
Net income available to common stockholders, basic:60,327198,581231,42032,11561,20269,285
Interest on convertible debt2,1603,051    
Net income available to common stockholders, diluted:62,487201,632231,42032,11561,20269,285

Comprehensive Income ($ in thousands)
Annual | Quarterly

6/30/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Net income:59,748196,438228,98125,07959,98367,883
Other comprehensive income (loss)(18,960)(2,675)(16,582)16,788(27,261)28,171
Comprehensive income:40,788193,763212,39941,86732,72296,054
Other undisclosed comprehensive income (loss), net of tax, attributable to parent65,512(36,504)35,597(26,542)57,976(55,111)
Comprehensive income, net of tax, attributable to parent:106,300157,259247,99615,32590,69840,943

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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