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
Q4
9/30/2020
Q3
6/30/2020
Q2
3/31/2020
Q1
12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments, including:40616071464755
Other undisclosed cash, cash equivalents, and short-term investments40616071464755
Receivables154150167167163136129
Inventory, net of allowances, customer advances and progress billings40404043373336
Inventory40404043373336
Other undisclosed current assets39232126201819
Total current assets:273273288307267234239
Noncurrent Assets
Nontrade receivables126132137142147151156
Property, plant and equipment1,9401,9051,8771,8351,7661,7071,651
Intangible assets, net (including goodwill)516519522525528531533
Goodwill396396396396396396396
Intangible assets, net (excluding goodwill)120123126129132135137
Other noncurrent assets78815862696867
Other undisclosed noncurrent assets69535549445458
Total noncurrent assets:2,7292,6892,6492,6132,5532,5112,464
TOTAL ASSETS:3,0022,9632,9372,9202,8202,7452,703
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities76767569776663
Accrued liabilities19181820181614
Employee-related liabilities57585749595049
Deferred revenue5466432118  
Debt14141414154339
Other undisclosed current liabilities159157172150154167156
Total current liabilities:302313303254263277259
Noncurrent Liabilities
Long-term debt and lease obligation, including:1,4651,4671,5061,5471,4701,4081,403
Long-term debt, excluding current maturities1,4651,4671,5061,5471,4701,4081,403
Operating lease, liability5138403530  
Other undisclosed long-term debt and lease obligation(51)(38)(40)(35)(30)  
Liabilities, other than long-term debt92738183102232229
Deferred tax liabilities, net125118
Liability, pension and other postretirement and postemployment benefits35233033375460
Other liabilities48505050495351
Self insurance reserve9   16  
Other undisclosed noncurrent liabilities287396551437525347442
Total noncurrent liabilities:1,8441,9352,1382,0672,0971,9872,073
Total liabilities:2,1462,2482,4412,3212,3602,2642,333
Stockholders' equity
Stockholders' equity attributable to parent, including:855715497599460481371
Additional paid in capital856701478476476475473
Accumulated other comprehensive loss(79)(60)(60)(61)(62)(81)(84)
Retained earnings (accumulated deficit)7873781834686(19)
Other undisclosed stockholders' equity attributable to parent1111111
Total stockholders' equity:855715497599460481371
TOTAL LIABILITIES AND EQUITY:3,0022,9632,9372,9202,8202,7452,703

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

12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
3/31/2020
Q1
12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
Revenues399404378389403366335
Cost of revenue
(Cost of Goods and Services Sold)
(4)(3)(3)(3)(30)(41)(40)
Gross profit:396401375387374325295
Operating expenses(340)(330)(355)(339)(351)(325)(297)
Other undisclosed operating income4333304140
Operating income:59742350524137
Nonoperating income (expense)(62)(71)(132)88(93)73(59)
Other nonoperating income (expense)(58)(68)(129)91(96)70(61)
Interest and debt expense34(15)(16)(3)(68)(17)(17)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes(31)18196661414
Income (loss) from continuing operations before income taxes:16(106)141(44)111(23)
Income tax expense (benefit)1   (26)  
Net income (loss):26(106)141(69)111(23)
Other undisclosed net income (loss) attributable to parent3(11)1(3)29(6)(3)
Net income (loss) available to common stockholders, diluted:5(6)(105)138(40)105(27)

Comprehensive Income ($ in millions)

12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
3/31/2020
Q1
12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
Net income (loss):26(106)141(69)111(23)
Other comprehensive income (loss)19(1)(1)(1)(19)(3)(3)
Comprehensive income (loss):215(107)140(88)108(26)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(35)(10)3(2)6704
Comprehensive income (loss), net of tax, attributable to parent:(14)(5)(104)138(21)108(22)

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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