Air T, Inc. (AIRT) financial statements (2020 and earlier)

Company profile

Business Address 5930 BALSOM RIDGE ROAD
DENVER, NC 28037
State of Incorp. DE
Fiscal Year End March 31
SIC 4513 - Air Courier Services (benchmarking)
More info Complete financial analysis Financial benchmarking

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

9/30/2019
TTM
3/31/2019
3/31/2018
3/31/2017
3/31/2016
3/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments2914551019
Cash and cash equivalents271353514
Short-term investments120255
Restricted cash and investments11211 
Receivables191917311
Inventory, net of allowances, customer advances and progress billings40303420128
Inventory40303420128
Prepaid expense 21221
Other undisclosed current assets953191310
Total current assets:997162493939
Noncurrent Assets
Property, plant and equipment4520553
Long-term investments and receivables46535 
Long-term investments46525 
Accounts and financing receivable, after allowance for credit loss 0000 
Intangible assets, net (including goodwill)56661 
Goodwill44440 
Intangible assets, net (excluding goodwill)11111 
Other noncurrent assets000000
Other undisclosed noncurrent assets30274222
Total noncurrent assets:44443516135
TOTAL ASSETS:14311597655243
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities152722201411
Accounts payable1313101275
Accrued liabilities1412974
Employee-related liabilities 9   3
Taxes payable11  0 
Debt3025902 
Contract with customer, liability2
Other undisclosed current liabilities11 0  (3)
Total current liabilities:56533120168
Noncurrent Liabilities
Long-term debt and lease obligation4633391805
Long-term debt, excluding current maturities4633391805
Liabilities, other than long-term debt111310
Deferred tax liabilities, net 0010
Other liabilities11131 
Other undisclosed noncurrent liabilities6     
Total noncurrent liabilities:5334402115
Total liabilities:1098671421714
Temporary equity, carrying amount6521  
Stockholders' equity
Stockholders' equity attributable to parent262425233430
Common stock111111
Additional paid in capital234455
Accumulated other comprehensive loss(0)(0)(0)(0)(0)(0)
Retained earnings242121182924
Stockholders' equity attributable to noncontrolling interest1(1)(1)(1)1 
Total stockholders' equity:272324223530
Other undisclosed liabilities and equity     (0)
TOTAL LIABILITIES AND EQUITY:14311597655243

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

9/30/2019
TTM
3/31/2019
3/31/2018
3/31/2017
3/31/2016
3/31/2015
Gross profit:246250195148148112
Operating expenses(237)(242)(190)(152)(142)(109)
Operating income (loss):984(3)63
Nonoperating income (expense)(4)(3)(2)(1)0(0)
Investment income, nonoperating(0)(0)0(1)00
Foreign currency transaction gain (loss), before tax0(0)(0)00 
Other nonoperating expense(1) (2)(1)(0)(0)
Interest and debt expense(5)(3)    
Income (loss) from continuing operations before equity method investments, income taxes:(1)13(4)63
Other undisclosed income from continuing operations before income taxes53    
Income (loss) from continuing operations before income taxes:453(4)63
Income tax expense(1)(2)(0)(1)(2)(1)
Income (loss) from continuing operations:332(5)42
Loss from discontinued operations(0)     
Income (loss) before gain (loss) on sale of properties:332(5)42
Other undisclosed net income8     
Net income (loss):1232(5)42
Net income (loss) attributable to noncontrolling interest(4)(2)(0)21 
Other undisclosed net income attributable to parent     0
Net income (loss) available to common stockholders, diluted:712(3)42

Comprehensive Income ($ in millions)

9/30/2019
TTM
3/31/2019
3/31/2018
3/31/2017
3/31/2016
3/31/2015
Net income (loss):1232(5)42
Other comprehensive loss(0)(0)(0)(0)(0)(0)
Comprehensive income (loss):1132(5)42
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(4)(2)(0)21 
Other undisclosed comprehensive income, net of tax, attributable to parent     0
Comprehensive income (loss), net of tax, attributable to parent:712(3)42

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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