PHI Group, Inc./DE (PHIG) Financial Statements (2025 and earlier)
Company Profile
| Business Address |
2001 SE EVANGELINE THRUWAY LAFAYETTE, LA 70508 |
| State of Incorp. | LA |
| Fiscal Year End | December 31 |
| Industry (SIC) | 4522 - Air Transportation, Nonscheduled (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
| 6/30/2019 MRQ | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | 12/31/2014 | 12/31/2013 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 65,106 | 73,007 | 292,402 | 286,930 | 191,514 | 86,850 | |||
| Cash and cash equivalent | 50,874 | 8,770 | 2,596 | 2,407 | 6,270 | 934 | |||
| Short-term investments | 14,232 | 64,237 | 289,806 | 284,523 | 185,244 | 85,916 | |||
| Receivables | 197,421 | 205,076 | 148,408 | 152,008 | 183,916 | 173,720 | |||
| Inventory, net of allowances, customer advances and progress billings | 56,698 | 80,881 | 70,402 | 69,491 | 73,793 | 71,137 | |||
| Inventory | 56,698 | 80,881 | 70,402 | 69,491 | 73,793 | 71,137 | |||
| Prepaid expense | 11,419 | 11,475 | 9,259 | 8,951 | 9,314 | 8,357 | |||
| Income taxes receivable | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 1,871 | ||
| Other undisclosed current assets | (14,006) | (17,826) | 1,195 | 3,910 | 7,987 | 12,723 | |||
| Total current assets: | 316,638 | 352,613 | 521,666 | 521,290 | 466,524 | 354,658 | |||
| Noncurrent Assets | |||||||||
| Property, plant and equipment | 902,485 | 946,765 | 903,977 | 883,529 | 877,818 | 785,472 | |||
| Intangible assets, net (including goodwill) | (46,043) | 16,784 | ✕ | ||||||
| Goodwill | (61,600) | 61 | |||||||
| Intangible assets, net (excluding goodwill) | 15,557 | 16,723 | |||||||
| Regulated entity, other noncurrent assets | 1,025 | 1,506 | |||||||
| Restricted cash and investments | 19,781 | 12,396 | 13,038 | 15,336 | 15,485 | 14,685 | |||
| Deferred costs | 2,386 | ||||||||
| Other noncurrent assets | 18,378 | 8,741 | 9,759 | 10,177 | 16,253 | 18,508 | |||
| Other undisclosed noncurrent assets | 49,962 | 63,041 | (2,386) | ||||||
| Total noncurrent assets: | 945,588 | 1,049,233 | 926,774 | 909,042 | 909,556 | 818,665 | |||
| TOTAL ASSETS: | 1,262,226 | 1,401,846 | 1,448,440 | 1,430,332 | 1,376,080 | 1,173,323 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 95,581 | 79,036 | 57,050 | 76,132 | 96,029 | 109,812 | |||
| Taxes payable | 3,787 | 6,790 | |||||||
| Employee-related liabilities | 11,730 | 11,617 | |||||||
| Accounts payable | 50,289 | 37,186 | 28,704 | 31,373 | 27,700 | 36,874 | |||
| Accrued liabilities | 45,292 | 41,850 | 28,346 | 44,759 | 52,812 | 54,531 | |||
| Debt | 499,740 | ||||||||
| Other undisclosed current liabilities | (15,517) | (18,407) | |||||||
| Total current liabilities: | 595,321 | 79,036 | 57,050 | 76,132 | 80,512 | 91,405 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 129,235 | 615,994 | 631,247 | 557,500 | 543,000 | 379,000 | |||
| Long-term debt, excluding current maturities | 129,235 | 615,994 | 631,247 | 557,500 | 543,000 | 379,000 | |||
| Liabilities, other than long-term debt | 134,294 | 94,162 | 160,365 | 169,702 | 155,500 | 142,953 | |||
| Deferred tax liabilities, net | 86,005 | 151,713 | 153,645 | 140,532 | 127,357 | ||||
| Due to related parties | 129,235 | ||||||||
| Other liabilities | 5,059 | 8,157 | 8,652 | 16,057 | 14,968 | 15,596 | |||
| Total noncurrent liabilities: | 263,529 | 710,156 | 791,612 | 727,202 | 698,500 | 521,953 | |||
| Total liabilities: | 858,850 | 789,192 | 848,662 | 803,334 | 779,012 | 613,358 | |||
| Equity | |||||||||
| Equity, attributable to parent, including: | 473,433 | 612,654 | 599,778 | 626,998 | 597,068 | 559,965 | |||
| Additional paid in capital | 314,316 | 308,353 | 304,246 | 304,884 | 301,533 | 296,932 | |||
| Accumulated other comprehensive loss | (3,952) | (280) | (478) | (567) | (211) | (24) | |||
| Retained earnings | 161,487 | 303,001 | 294,441 | 321,121 | 294,197 | 261,509 | |||
| Other undisclosed equity, attributable to parent | 1,582 | 1,580 | 1,569 | 1,560 | 1,549 | 1,548 | |||
| Equity, attributable to noncontrolling interest | (330) | ||||||||
| Total equity: | 473,433 | 612,324 | 599,778 | 626,998 | 597,068 | 559,965 | |||
| Other undisclosed liabilities and equity | (70,057) | 330 | |||||||
| TOTAL LIABILITIES AND EQUITY: | 1,262,226 | 1,401,846 | 1,448,440 | 1,430,332 | 1,376,080 | 1,173,323 | |||
Income Statement (P&L) ($ in thousands)
| 6/30/2019 TTM | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | 12/31/2014 | 12/31/2013 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 674,423 | 579,545 | 634,098 | 804,228 | 836,270 | 856,500 | ||
| Revenue, net | ✕ | ✕ | 579,545 | 634,098 | 804,228 | 836,270 | 856,500 | |
| Cost of revenue (Cost of Product and Service Sold) | (35,740) | (39,815) | (44,130) | (45,360) | (44,908) | |||
| Gross profit: | 638,683 | 539,730 | 589,968 | 758,868 | 791,362 | 856,500 | ||
| Operating expenses | (698,492) | (600,516) | (636,968) | (733,472) | (713,178) | (751,910) | ||
| Other undisclosed operating income (loss) | (73,849) | 38,764 | 47,224 | 44,715 | 33,456 | 14,694 | ||
| Operating income (loss): | (133,658) | (22,022) | 224 | 70,111 | 111,640 | 119,284 | ||
| Nonoperating expense | (33,802) | (29,419) | (27,373) | (26,855) | (58,525) | (29,143) | ||
| Interest and debt expense | (33,981) | (32,183) | (30,644) | (29,066) | (59,343) | (29,756) | ||
| Income (loss) from continuing operations before equity method investments, income taxes: | (201,441) | (83,624) | (57,793) | 14,190 | (6,228) | 60,385 | ||
| Loss from equity method investments | (96) | (262) | ||||||
| Other undisclosed income from continuing operations before income taxes | 33,981 | 32,183 | 30,644 | 29,066 | 59,439 | 30,018 | ||
| Income (loss) from continuing operations before income taxes: | (167,460) | (51,441) | (27,149) | 43,256 | 53,115 | 90,141 | ||
| Income tax expense (benefit) | 25,946 | 58,973 | 469 | (16,332) | (20,427) | (31,185) | ||
| Income (loss) from continuing operations: | (141,514) | 7,532 | (26,680) | 26,924 | 32,688 | 58,956 | ||
| Income (loss) before gain (loss) on sale of properties: | (141,514) | 7,532 | (26,680) | 26,924 | 32,688 | 58,956 | ||
| Net income (loss) available to common stockholders, diluted: | (141,514) | 7,532 | (26,680) | 26,924 | 32,688 | 58,956 | ||
Comprehensive Income ($ in thousands)
| 6/30/2019 TTM | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | 12/31/2014 | 12/31/2013 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | (141,514) | 7,532 | (26,680) | 26,924 | 32,688 | 58,956 | ||
| Other comprehensive income (loss) | (86) | (112) | (152) | 285 | 98 | |||
| Comprehensive income (loss): | (141,600) | 7,420 | (26,832) | 27,209 | 32,786 | 58,956 | ||
| Other undisclosed comprehensive income (loss), net of tax, attributable to parent | (3,586) | 310 | 241 | (641) | (285) | 27 | ||
| Comprehensive income (loss), net of tax, attributable to parent: | (145,186) | 7,730 | (26,591) | 26,568 | 32,501 | 58,983 | ||
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.