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)

9/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments02111
Cash and cash equivalents02111
Receivables 76915
Inventory, net of allowances, customer advances and progress billings3029314037
Inventory3029314037
Prepaid expense0000 
Assets held-for-sale, not part of disposal group  1062
Other undisclosed current assets7(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)   24
Deferred costs11111
Other undisclosed noncurrent assets4 221
Total noncurrent assets:1310132732
TOTAL ASSETS:5148618388
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:99111612
Accounts payable 791410
Accrued liabilities 2222
Taxes payable00000
Other undisclosed accounts payable and accrued liabilities9(0)(0)(0)1
Debt  233441
Due to related parties430  
Other undisclosed current liabilities2018431
Total current liabilities:3329385354
Noncurrent Liabilities
Long-term debt and lease obligation4    
Operating lease, liability4
Liabilities, other than long-term debt222  
Due to related parties222  
Other undisclosed noncurrent liabilities15355
Total noncurrent liabilities:77555
Total liabilities:4036435859
Stockholders' equity
Stockholders' equity attributable to parent1112182529
Preferred stock   0 
Common stock00000
Additional paid in capital7776715644
Accumulated deficit(66)(65)(54)(31)(15)
Total stockholders' equity:1112182529
TOTAL LIABILITIES AND EQUITY:5148618388

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

9/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues5246506780
Revenue, net506780
Cost of revenue(44)(41)(45)(60)(63)
Gross profit:855717
Operating expenses(7)(9)   
Other undisclosed operating loss(3)(3)(18)(18)(17)
Operating income (loss):(2)(6)(13)(11)1
Nonoperating income (expense)00(0)(0) 
Investment income, nonoperating 1   
Other nonoperating expense  (0)(0) 
Interest and debt expense(0)(0)(0)(0)(0)
Income (loss) from continuing operations before equity method investments, income taxes:(2)(6)(13)(11)0
Other undisclosed loss from continuing operations before income taxes(4)(4)   
Income (loss) from continuing operations before income taxes:(6)(10)(13)(11)0
Income tax expense (benefit)0(0)0(2) 
Income (loss) from continuing operations:(6)(10)(13)(13)0
Loss from discontinued operations(2)(1)(7)  
Income (loss) before gain (loss) on sale of properties:(8)(11)(19)(13)0
Other undisclosed net loss(0)    
Net income (loss):(8)(11)(19)(13)0
Other undisclosed net loss attributable to parent  (3)(2)(1)
Net loss available to common stockholders, diluted:(8)(11)(23)(16)(1)

Comprehensive Income ($ in millions)

9/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income (loss):(8)(11)(19)(13)0
Comprehensive income (loss), net of tax, attributable to parent:(8)(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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