Air Industries Group (AIRI) financial statements (2021 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)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments31211
Cash and cash equivalents31211
Receivables109769
Inventory, net of allowances, customer advances and progress billings3229293140
Inventory3229293140
Prepaid expense0 000
Assets held-for-sale, not part of disposal group   106
Other undisclosed current assets(1)(0)(0)(0)(0)
Total current assets:4438384856
Noncurrent Assets
Property, plant and equipment10891012
Intangible assets, net (including goodwill)000012
Goodwill000010
Intangible assets, net (excluding goodwill) 0  2
Deferred costs11111
Other undisclosed noncurrent assets43 22
Total noncurrent assets:1413101327
TOTAL ASSETS:5851486183
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:9891116
Accounts payable777914
Accrued liabilities02222
Employee-related liabilities1    
Taxes payable 0000
Other undisclosed accounts payable and accrued liabilities0(0)(0)(0)(0)
Debt1616 2334
Deferred compensation liability0    
Due to related parties0730 
Other undisclosed current liabilities111843
Total current liabilities:2733293853
Noncurrent Liabilities
Long-term debt and lease obligation44   
Operating lease, liability44
Liabilities, other than long-term debt  22 
Due to related parties  22 
Other undisclosed noncurrent liabilities74535
Total noncurrent liabilities:158755
Total liabilities:4341364358
Stockholders' equity
Stockholders' equity attributable to parent1510121825
Preferred stock    0
Common stock00000
Additional paid in capital8177767156
Accumulated deficit(66)(67)(65)(54)(31)
Total stockholders' equity:1510121825
TOTAL LIABILITIES AND EQUITY:5851486183

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
Revenues5055465067
Revenue, net5067
Cost of revenue(44)(45)(41)(45)(60)
Gross profit:79557
Operating expenses(8)(9)(9)  
Other undisclosed operating loss (0)(3)(18)(18)
Operating income (loss):(1)0(6)(13)(11)
Nonoperating income (expense)010(0)(0)
Investment income, nonoperating  1  
Other nonoperating expense   (0)(0)
Interest and debt expense(1) (0)(0)(0)
Income (loss) from continuing operations before equity method investments, income taxes:(2)1(6)(13)(11)
Other undisclosed income (loss) from continuing operations before income taxes1(4)(4)  
Loss from continuing operations before income taxes:(0)(3)(10)(13)(11)
Income tax expense (benefit)1(0)(0)0(2)
Income (loss) from continuing operations:1(3)(10)(13)(13)
Loss from discontinued operations(0)(0)(1)(7) 
Net income (loss):1(3)(11)(19)(13)
Other undisclosed net loss attributable to parent   (3)(2)
Net income (loss) attributable to parent:1(3)(11)(23)(16)
Other undisclosed net income available to common stockholders, basic1    
Net income (loss) available to common stockholders, basic:2(3)(11)(23)(16)
Interest on convertible debt0    
Net income (loss) available to common stockholders, diluted:2(3)(11)(23)(16)

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
Net income (loss):1(3)(11)(19)(13)
Comprehensive income (loss), net of tax, attributable to parent:1(3)(11)(19)(13)

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.

Login to ReadyRatios

 

Have you forgotten your password?

Are you a new user?

Login As
You can log in if you are registered at one of these services: