PHI Group, Inc./DE (PHIG) Financial Statements (2024 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)Annual | Quarterly
| 6/30/2019 Q2 | 3/31/2019 Q1 | 12/31/2018 Q4 | 9/30/2018 Q3 | 6/30/2018 Q2 | 3/31/2018 Q1 | 12/31/2017 Q4 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 89,220 | 65,106 | 46,962 | 66,169 | 69,419 | 73,007 | |||
| Cash and cash equivalents | 15,884 | 50,874 | 16,453 | 5,852 | 7,431 | 8,770 | |||
| Short-term investments | 73,336 | 14,232 | 30,509 | 60,317 | 61,988 | 64,237 | |||
| Receivables | 191,007 | 197,421 | 220,091 | 215,963 | 216,640 | 205,076 | |||
| Inventory, net of allowances, customer advances and progress billings | 52,988 | 56,698 | 74,352 | 77,747 | 77,011 | 80,881 | |||
| Inventory | 52,988 | 56,698 | 74,352 | 77,747 | 77,011 | 80,881 | |||
| Prepaid expense | 13,944 | 11,419 | 13,201 | 13,150 | 11,509 | 11,475 | |||
| Other undisclosed current assets | (11,252) | (14,006) | (22,035) | (21,008) | (29,223) | (17,826) | |||
| Total current assets: | 335,907 | 316,638 | 332,571 | 352,021 | 345,356 | 352,613 | |||
| Noncurrent Assets | |||||||||
| Property, plant and equipment | 896,436 | 902,485 | 923,577 | 933,583 | 936,323 | 946,765 | |||
| Intangible assets, net (including goodwill) | (46,043) | 76,856 | 77,245 | 77,633 | 16,784 | ||||
| Goodwill | (61,600) | 61,299 | 61,299 | 61,299 | 61 | ||||
| Intangible assets, net (excluding goodwill) | 15,557 | 15,557 | 15,946 | 16,334 | 16,723 | ||||
| Regulated entity, other noncurrent assets | 6,265 | 1,025 | 1,506 | ||||||
| Restricted cash and investments | 19,789 | 19,781 | 19,781 | 12,076 | 12,396 | 12,396 | |||
| Other noncurrent assets | 18,981 | 18,378 | 10,142 | 9,605 | 8,803 | 8,741 | |||
| Deferred tax assets, net | ✕ | ✕ | 1,009 | 3,237 | 3,211 | ||||
| Other undisclosed noncurrent assets | 142,454 | 49,962 | 63,041 | ||||||
| Total noncurrent assets: | 1,083,925 | 945,588 | 1,031,365 | 1,035,746 | 1,038,366 | 1,049,233 | |||
| TOTAL ASSETS: | 1,419,832 | 1,262,226 | 1,363,936 | 1,387,767 | 1,383,722 | 1,401,846 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 70,062 | 95,581 | 78,766 | 91,271 | 79,208 | 79,036 | |||
| Accounts payable | 38,854 | 50,289 | 39,209 | 50,645 | 37,166 | 37,186 | |||
| Accrued liabilities | 31,208 | 45,292 | 39,557 | 40,626 | 42,042 | 41,850 | |||
| Debt | 875 | 499,740 | 499,429 | 620,991 | 121,750 | ||||
| Other undisclosed current liabilities | 26,544 | 498,715 | |||||||
| Total current liabilities: | 97,481 | 595,321 | 578,195 | 712,262 | 699,673 | 79,036 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 699,125 | 129,235 | 129,126 | 615,994 | |||||
| Long-term debt, excluding current maturities | 699,125 | 129,235 | 129,126 | 615,994 | |||||
| Liabilities, other than long-term debt | 132,668 | 134,294 | 208,356 | 83,940 | 86,314 | 94,162 | |||
| Deferred tax liabilities, net | ✕ | ✕ | 74,062 | 78,605 | 80,866 | 86,005 | |||
| Due to related parties | 129,344 | 129,235 | 129,126 | ||||||
| Other liabilities | 3,324 | 5,059 | 5,168 | 5,335 | 5,448 | 8,157 | |||
| Other undisclosed noncurrent liabilities | 51,050 | ||||||||
| Total noncurrent liabilities: | 882,843 | 263,529 | 337,482 | 83,940 | 86,314 | 710,156 | |||
| Total liabilities: | 980,324 | 858,850 | 915,677 | 796,202 | 785,987 | 789,192 | |||
| Equity | |||||||||
| Equity, attributable to parent, including: | 439,508 | 473,433 | 577,385 | 591,565 | 597,735 | 612,654 | |||
| Additional paid in capital | 314,818 | 314,316 | 312,503 | 310,433 | 309,672 | 308,353 | |||
| Accumulated other comprehensive income (loss) | (3,138) | (3,952) | (4,094) | 624 | 464 | (280) | |||
| Retained earnings | 126,246 | 161,487 | 267,394 | 278,926 | 286,018 | 303,001 | |||
| Other undisclosed equity, attributable to parent | 1,582 | 1,582 | 1,582 | 1,582 | 1,581 | 1,580 | |||
| Equity, attributable to noncontrolling interest | (330) | ||||||||
| Total equity: | 439,508 | 473,433 | 577,385 | 591,565 | 597,735 | 612,324 | |||
| Other undisclosed liabilities and equity | (70,057) | (129,126) | 330 | ||||||
| TOTAL LIABILITIES AND EQUITY: | 1,419,832 | 1,262,226 | 1,363,936 | 1,387,767 | 1,383,722 | 1,401,846 | |||
Income Statement (P&L) ($ in thousands)Annual | Quarterly
| 6/30/2019 Q2 | 3/31/2019 Q1 | 12/31/2018 Q4 | 9/30/2018 Q3 | 6/30/2018 Q2 | 3/31/2018 Q1 | 12/31/2017 Q4 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 151,890 | 176,023 | 168,787 | 169,243 | 160,370 | 148,336 | ||
| Revenue, net | ✕ | ✕ | ✕ | ✕ | 169,243 | 160,370 | 148,336 | |
| Other undisclosed gross profit | (35,740) | (39,815) | ||||||
| Gross profit: | 151,890 | 140,283 | 168,787 | 169,243 | 160,370 | 108,521 | ||
| Operating expenses | (181,743) | (180,784) | (176,455) | (169,568) | (171,685) | (161,575) | ||
| Other undisclosed operating income (loss) | 1,310 | (73,303) | 118 | 252 | (916) | 40,323 | ||
| Operating loss: | (28,543) | (113,804) | (7,550) | (73) | (12,231) | (12,731) | ||
| Nonoperating expense | (9,806) | (9,344) | (6,512) | (8,704) | (9,242) | (7,588) | ||
| Other nonoperating income (expense) | (40) | (257) | 1,845 | (364) | (1,045) | 290 | ||
| Interest and debt expense | (8,166) | (9,087) | (8,357) | (8,340) | (8,197) | (7,878) | ||
| Loss from continuing operations before equity method investments, income taxes: | (46,515) | (132,235) | (22,419) | (17,117) | (29,670) | (28,197) | ||
| Other undisclosed income from continuing operations before income taxes | 8,166 | 9,087 | 8,357 | 8,340 | 8,197 | 7,878 | ||
| Loss from continuing operations before income taxes: | (38,349) | (123,148) | (14,062) | (8,777) | (21,473) | (20,319) | ||
| Income tax benefit | 3,108 | 17,241 | 2,531 | 1,684 | 4,490 | 49,649 | ||
| Income (loss) from continuing operations: | (35,241) | (105,907) | (11,531) | (7,093) | (16,983) | 29,330 | ||
| Income (loss) before gain (loss) on sale of properties: | (35,241) | (105,907) | (11,531) | (7,093) | (16,983) | 29,330 | ||
| Net income (loss) available to common stockholders, diluted: | (35,241) | (105,907) | (11,531) | (7,093) | (16,983) | 29,330 | ||
Comprehensive Income ($ in thousands)Annual | Quarterly
| 6/30/2019 Q2 | 3/31/2019 Q1 | 12/31/2018 Q4 | 9/30/2018 Q3 | 6/30/2018 Q2 | 3/31/2018 Q1 | 12/31/2017 Q4 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | (35,241) | (105,907) | (11,531) | (7,093) | (16,983) | 29,330 | ||
| Other comprehensive income (loss) | 814 | 4,091 | (4,718) | 267 | 273 | 24 | ||
| Comprehensive income (loss): | (34,427) | (101,816) | (16,249) | (6,826) | (16,710) | 29,354 | ||
| Other undisclosed comprehensive income (loss), net of tax, attributable to parent | (3,949) | (107) | 471 | (60) | ||||
| Comprehensive income (loss), net of tax, attributable to parent: | (34,427) | (105,765) | (16,249) | (6,933) | (16,239) | 29,294 | ||
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.