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
| 12/31/2023 Q4 | 9/30/2023 Q3 | 6/30/2023 Q2 | 3/31/2023 Q1 | 12/31/2022 Q4 | 9/30/2022 Q3 | 6/30/2022 Q2 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments, including: | 50,585 | 43,150 | 89,602 | 27,134 | 54,486 | 47,151 | |||
| Other undisclosed cash, cash equivalents, and short-term investments | 50,585 | 43,150 | 89,602 | 27,134 | 54,486 | 47,151 | |||
| Receivables | 226,147 | 218,312 | 227,122 | 301,622 | 250,548 | 260,260 | |||
| Inventory, net of allowances, customer advances and progress billings | 50,680 | 57,648 | 57,727 | 57,764 | 55,322 | 54,005 | |||
| Inventory | 50,680 | 57,648 | 57,727 | 57,764 | 55,322 | 54,005 | |||
| Other undisclosed current assets | 36,349 | 32,387 | 33,555 | 31,956 | 28,281 | 28,157 | |||
| Total current assets: | 363,761 | 351,497 | 408,006 | 418,476 | 388,637 | 389,573 | |||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 59,224 | 60,808 | 66,329 | 74,070 | 61,742 | 64,155 | |||
| Property, plant and equipment | 2,749,506 | 2,678,980 | 2,553,674 | 2,402,408 | 2,339,278 | 2,270,656 | |||
| Long-term investments and receivables | 21,900 | 21,000 | 21,100 | 18,900 | 20,600 | 21,600 | |||
| Long-term investments | 21,900 | 21,000 | 21,100 | 18,900 | 20,600 | 21,600 | |||
| Intangible assets, net (including goodwill), including: | 484,981 | 487,534 | 490,088 | 492,642 | 495,195 | 498,073 | |||
| Goodwill | 395,974 | 395,974 | 395,974 | 395,974 | 395,974 | ||||
| Intangible assets, net (excluding goodwill) | 89,007 | 91,560 | 94,116 | 96,668 | 99,221 | 102,099 | |||
| Other undisclosed intangible assets, net (including goodwill) | 395,972 | ||||||||
| Other noncurrent assets | 123,770 | 104,637 | 110,354 | 122,647 | 154,841 | 145,800 | |||
| Other undisclosed noncurrent assets | 42,973 | 48,109 | 52,728 | 60,750 | 64,872 | 69,693 | |||
| Total noncurrent assets: | 3,482,354 | 3,401,068 | 3,294,273 | 3,171,417 | 3,136,528 | 3,069,977 | |||
| TOTAL ASSETS: | 3,846,115 | 3,752,565 | 3,702,279 | 3,589,893 | 3,525,165 | 3,459,550 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 12,233 | 11,061 | 11,371 | 68,964 | 73,080 | 73,961 | |||
| Employee-related liabilities | ✕ | ✕ | ✕ | ✕ | 56,498 | 60,170 | 62,538 | ||
| Accrued liabilities | 12,233 | 11,061 | 11,371 | 12,466 | 12,910 | 11,423 | |||
| Deferred revenue | 27,555 | 38,654 | 33,784 | 21,546 | 37,289 | 38,293 | |||
| Debt | 648 | 645 | 642 | 639 | 637 | 634 | |||
| Other undisclosed current liabilities | 353,186 | 343,085 | 301,014 | 216,308 | 208,339 | 215,448 | |||
| Total current liabilities: | 393,622 | 393,445 | 346,811 | 307,457 | 319,345 | 328,336 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation, including: | 1,691,141 | 1,514,737 | 1,544,454 | 1,464,285 | 1,369,006 | 1,358,842 | |||
| Long-term debt, excluding current maturities | 1,691,141 | 1,514,737 | 1,544,454 | 1,464,285 | 1,369,006 | 1,358,842 | |||
| Other undisclosed long-term debt and lease obligation | (40,581) | (44,305) | |||||||
| Liabilities, other than long-term debt | 411,363 | 399,417 | 395,438 | 404,950 | 329,986 | 73,971 | |||
| Deferred income tax liabilities | 279,778 | 272,208 | 260,989 | 255,180 | 253,036 | ||||
| Liability, pension and other postretirement and postemployment benefits | 31,488 | 32,612 | 33,702 | 35,334 | 20,140 | 20,375 | |||
| Other liabilities | 61,360 | 54,565 | 56,020 | 62,861 | 56,810 | 53,596 | |||
| Operating lease, liability | 38,737 | 40,032 | 44,727 | 51,575 | 40,581 | 44,305 | |||
| Other undisclosed noncurrent liabilities | 1,816 | 1,762 | 1,509 | 695 | 41,296 | 286,908 | |||
| Total noncurrent liabilities: | 2,104,320 | 1,915,916 | 1,941,401 | 1,869,930 | 1,740,288 | 1,719,721 | |||
| Total liabilities: | 2,497,942 | 2,309,361 | 2,288,212 | 2,177,387 | 2,059,633 | 2,048,057 | |||
| Equity | |||||||||
| Equity, attributable to parent, including: | 1,348,173 | 1,443,204 | 1,414,067 | 1,412,506 | 1,465,532 | 1,411,493 | |||
| Additional paid in capital | 835,630 | 951,463 | 964,026 | 986,303 | 1,039,354 | 1,037,139 | |||
| Accumulated other comprehensive loss | (92,327) | (96,012) | (99,697) | (103,402) | (60,797) | (61,579) | |||
| Retained earnings | 604,217 | 587,045 | 549,023 | 528,882 | 486,231 | 435,189 | |||
| Other undisclosed equity, attributable to parent | 653 | 708 | 715 | 723 | 744 | 744 | |||
| Total equity: | 1,348,173 | 1,443,204 | 1,414,067 | 1,412,506 | 1,465,532 | 1,411,493 | |||
| TOTAL LIABILITIES AND EQUITY: | 3,846,115 | 3,752,565 | 3,702,279 | 3,589,893 | 3,525,165 | 3,459,550 | |||
Income Statement (P&L) ($ in thousands)Annual | Quarterly
| 12/31/2023 Q4 | 9/30/2023 Q3 | 6/30/2023 Q2 | 3/31/2023 Q1 | 12/31/2022 Q4 | 9/30/2022 Q3 | 6/30/2022 Q2 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 523,137 | 529,339 | 501,095 | 533,025 | 516,916 | 509,668 | ||
| Cost of revenue | (321,323) | (312,591) | (307,815) | (1,177,020) | (4,210) | (4,085) | ||
| Cost of goods and services sold | (137,860) | (122,451) | (114,712) | (4,210) | (4,085) | |||
| Gross profit: | 201,814 | 216,748 | 193,280 | (643,995) | 512,706 | 505,583 | ||
| Operating expenses | (155,784) | (147,007) | (145,857) | 729,381 | (444,257) | (439,151) | ||
| Other undisclosed operating income (loss) | (12,873) | 4,210 | 4,085 | |||||
| Operating income: | 46,030 | 69,741 | 47,423 | 72,513 | 72,659 | 70,517 | ||
| Nonoperating income (expense) | (22,511) | (19,999) | (20,854) | 4,137 | (12,370) | (6,655) | ||
| Net periodic defined benefits expense (reversal of expense), excluding service cost component | (3,218) | (3,218) | (3,218) | (4,635) | (5,388) | |||
| Other nonoperating expense | (7,735) | (1,267) | ||||||
| Interest and debt expense | (19,376) | (16,672) | (15,705) | (51,361) | (12,167) | 4,500 | ||
| Other undisclosed income (loss) from continuing operations before equity method investments, income taxes | 19,376 | 16,672 | 15,705 | 35,950 | 16,802 | 888 | ||
| Income (loss) from continuing operations before equity method investments, income taxes: | 23,519 | 49,742 | 26,569 | 61,239 | 64,924 | 69,250 | ||
| Loss from equity method investments | (1,885) | (2,107) | (406) | |||||
| Other undisclosed income from continuing operations before income taxes | 1,885 | 2,107 | 406 | |||||
| Income (loss) from continuing operations before income taxes: | 23,519 | 49,742 | 26,569 | 61,239 | 64,924 | 69,250 | ||
| Income tax expense (benefit) | (6,347) | (11,720) | (6,428) | (18,995) | ||||
| Income (loss) from continuing operations: | 17,172 | 38,022 | 20,141 | 42,244 | 64,924 | 69,250 | ||
| Income before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | ✕ | ✕ | 64,924 | 69,250 | |
| Net income (loss): | 17,172 | 38,022 | 20,141 | 42,244 | 64,924 | 69,250 | ||
| Other undisclosed net income (loss) attributable to parent | 407 | (13,882) | (14,158) | |||||
| Net income (loss) available to common stockholders, basic: | 17,172 | 38,022 | 20,141 | 42,651 | 51,042 | 55,092 | ||
| Interest on convertible debt | 443 | 780 | 776 | |||||
| Dilutive securities, effect on basic earnings per share | 763 | 762 | ||||||
| Other undisclosed net income available to common stockholders, diluted | 766 | |||||||
| Net income (loss) available to common stockholders, diluted: | 17,615 | 38,802 | 20,917 | 43,417 | 51,805 | 55,854 | ||
Comprehensive Income ($ in thousands)Annual | Quarterly
| 12/31/2023 Q4 | 9/30/2023 Q3 | 6/30/2023 Q2 | 3/31/2023 Q1 | 12/31/2022 Q4 | 9/30/2022 Q3 | 6/30/2022 Q2 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | 17,172 | 38,022 | 20,141 | 42,244 | 64,924 | 69,250 | ||
| Other comprehensive loss | (4,745) | (1,392) | (782) | (250) | ||||
| Comprehensive income (loss): | 17,172 | 38,022 | 15,396 | 40,852 | 64,142 | 69,000 | ||
| Other undisclosed comprehensive income (loss), net of tax, attributable to parent | 3,685 | 3,685 | 8,450 | (40,806) | (12,318) | (13,658) | ||
| Comprehensive income, net of tax, attributable to parent: | 20,857 | 41,707 | 23,846 | 46 | 51,824 | 55,342 | ||
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.