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)

12/31/2019
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 investments1314551019
Cash and cash equivalents121353514
Short-term investments220255
Restricted cash and investments111211 
Receivables171917311
Inventory, net of allowances, customer advances and progress billings68303420128
Inventory68303420128
Prepaid expense 21221
Other undisclosed current assets753191310
Total current assets:1177162493939
Noncurrent Assets
Property, plant and equipment4520553
Long-term investments and receivables56535 
Long-term investments56525 
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 assets26274222
Total noncurrent assets:41443516135
TOTAL ASSETS:15811597655243
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities242722201411
Accounts payable1113101275
Accrued liabilities13412974
Employee-related liabilities 9   3
Taxes payable 1  0 
Debt5225902 
Contract with customer, liability2
Other undisclosed current liabilities1 0  (3)
Total current liabilities:76533120168
Noncurrent Liabilities
Long-term debt and lease obligation4033391805
Long-term debt, excluding current maturities4033391805
Liabilities, other than long-term debt111310
Deferred tax liabilities, net 0010
Other liabilities11131 
Other undisclosed noncurrent liabilities9     
Total noncurrent liabilities:5034402115
Total liabilities:1278671421714
Temporary equity, carrying amount8521  
Stockholders' equity
Stockholders' equity attributable to parent222425233430
Common stock111111
Treasury stock, value(2)     
Additional paid in capital134455
Accumulated other comprehensive loss(0)(0)(0)(0)(0)(0)
Retained earnings232121182924
Stockholders' equity attributable to noncontrolling interest1(1)(1)(1)1 
Total stockholders' equity:232324223530
Other undisclosed liabilities and equity     (0)
TOTAL LIABILITIES AND EQUITY:15811597655243

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

12/31/2019
TTM
3/31/2019
3/31/2018
3/31/2017
3/31/2016
3/31/2015
Gross profit:256250195148148112
Operating expenses(245)(242)(190)(152)(142)(109)
Operating income (loss):1184(3)63
Nonoperating income (expense)(3)(3)(2)(1)0(0)
Investment income, nonoperating0(0)0(1)00
Foreign currency transaction gain (loss), before tax0(0)(0)00 
Other nonoperating expense(0) (2)(1)(0)(0)
Interest and debt expense(5)(3)    
Income (loss) from continuing operations before equity method investments, income taxes:213(4)63
Other undisclosed income from continuing operations before income taxes53    
Income (loss) from continuing operations before income taxes:853(4)63
Income tax expense(1)(2)(0)(1)(2)(1)
Income (loss) from continuing operations:632(5)42
Loss from discontinued operations(0)     
Income (loss) before gain (loss) on sale of properties:632(5)42
Other undisclosed net income8     
Net income (loss):1432(5)42
Net income (loss) attributable to noncontrolling interest(5)(2)(0)21 
Other undisclosed net income attributable to parent     0
Net income (loss) available to common stockholders, diluted:1012(3)42

Comprehensive Income ($ in millions)

12/31/2019
TTM
3/31/2019
3/31/2018
3/31/2017
3/31/2016
3/31/2015
Net income (loss):1432(5)42
Other comprehensive loss(0)(0)(0)(0)(0)(0)
Comprehensive income (loss):1432(5)42
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(5)(2)(0)21 
Other undisclosed comprehensive income, net of tax, attributable to parent     0
Comprehensive income (loss), net of tax, attributable to parent:912(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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