Air Industries Group (AIRI) financial statements (2020 and earlier)

Company profile

Business Address 1460 FIFTH AVENUE
BAY SHORE, NY 11706
State of Incorp. NV
Fiscal Year End December 31
SIC 3728 - Aircraft Parts and Auxiliary Equipment, Not Elsewhere Classified (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments12111
Cash and cash equivalents12111
Receivables976915
Inventory, net of allowances, customer advances and progress billings2929314037
Inventory2929314037
Prepaid expense 000 
Assets held-for-sale, not part of disposal group  1062
Other undisclosed current assets(0)(0)(0)(0)2
Total current assets:3838485656
Noncurrent Assets
Property, plant and equipment89101215
Intangible assets, net (including goodwill)0001214
Goodwill0001011
Intangible assets, net (excluding goodwill)0  24
Deferred costs11111
Other undisclosed noncurrent assets3 221
Total noncurrent assets:1310132732
TOTAL ASSETS:5148618388
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:89111612
Accounts payable7791410
Accrued liabilities22222
Taxes payable00000
Other undisclosed accounts payable and accrued liabilities(0)(0)(0)(0)1
Debt16 233441
Due to related parties730  
Other undisclosed current liabilities118431
Total current liabilities:3329385354
Noncurrent Liabilities
Long-term debt and lease obligation4    
Operating lease, liability4
Liabilities, other than long-term debt 22  
Due to related parties 22  
Other undisclosed noncurrent liabilities45355
Total noncurrent liabilities:87555
Total liabilities:4136435859
Stockholders' equity
Stockholders' equity attributable to parent1012182529
Preferred stock   0 
Common stock00000
Additional paid in capital7776715644
Accumulated deficit(67)(65)(54)(31)(15)
Total stockholders' equity:1012182529
TOTAL LIABILITIES AND EQUITY:5148618388

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

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues5546506780
Revenue, net506780
Cost of revenue(45)(41)(45)(60)(63)
Gross profit:955717
Operating expenses(9)(9)   
Other undisclosed operating loss(0)(3)(18)(18)(17)
Operating income (loss):0(6)(13)(11)1
Nonoperating income (expense)10(0)(0) 
Investment income, nonoperating 1   
Other nonoperating expense  (0)(0) 
Interest and debt expense (0)(0)(0)(0)
Income (loss) from continuing operations before equity method investments, income taxes:1(6)(13)(11)0
Other undisclosed loss from continuing operations before income taxes(4)(4)   
Income (loss) from continuing operations before income taxes:(3)(10)(13)(11)0
Income tax expense (benefit)(0)(0)0(2) 
Income (loss) from continuing operations:(3)(10)(13)(13)0
Loss from discontinued operations(0)(1)(7)  
Net income (loss):(3)(11)(19)(13)0
Other undisclosed net loss attributable to parent  (3)(2)(1)
Net loss available to common stockholders, diluted:(3)(11)(23)(16)(1)

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income (loss):(3)(11)(19)(13)0
Comprehensive income (loss), net of tax, attributable to parent:(3)(11)(19)(13)0

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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