Air T, Inc. (AIRT) financial statements (2021 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)

12/31/2020
TTM
3/31/2020
3/31/2019
3/31/2018
3/31/2017
3/31/2016
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments468145510
Cash and cash equivalents43613535
Short-term investments222025
Restricted cash and investments6111211
Receivables2314191731
Inventory, net of allowances, customer advances and progress billings686130342012
Inventory686130342012
Prepaid expense  2122
Other undisclosed current assets55531913
Total current assets:1489871624939
Noncurrent Assets
Finance lease, right-of-use asset1028
Operating lease, right-of-use asset88
Property, plant and equipment8552055
Long-term investments and receivables456535
Long-term investments456525
Accounts and financing receivable, after allowance for credit loss  0000
Intangible assets, net (including goodwill)456661
Goodwill444440
Intangible assets, net (excluding goodwill) 11111
Other noncurrent assets300000
Other undisclosed noncurrent assets 127422
Total noncurrent assets:385344351613
TOTAL ASSETS:185151115976552
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities81127222014
Accounts payable8111310127
Accrued liabilities  41297
Employee-related liabilities  9   
Taxes payable  1  0
Debt424425902
Contract with customer, liability2
Other undisclosed current liabilities1313 0  
Total current liabilities:646853312016
Noncurrent Liabilities
Long-term debt and lease obligation92513339180
Long-term debt, excluding current maturities85433339180
Operating lease, liability77
Liabilities, other than long-term debt221131
Deferred tax liabilities, net 001
Deferred income tax liabilities11
Other liabilities111131
Total noncurrent liabilities:94533440211
Total liabilities:15812086714217
Temporary equity, carrying amount66521 
Stockholders' equity
Stockholders' equity attributable to parent212424252334
Common stock111111
Treasury stock, value(3)(3)    
Additional paid in capital133445
Accumulated other comprehensive loss(1)(1)(0)(0)(0)(0)
Retained earnings222421211829
Stockholders' equity attributable to noncontrolling interest11(1)(1)(1)1
Total stockholders' equity:222523242235
TOTAL LIABILITIES AND EQUITY:185151115976552

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

12/31/2020
TTM
3/31/2020
3/31/2019
3/31/2018
3/31/2017
3/31/2016
Revenues191237250195148148
Cost of revenue
(Cost of Goods and Services Sold)
(1)     
Gross profit:191237250195148148
Operating expenses(189)(229)(242)(190)(152)(142)
Other undisclosed operating income1     
Operating income (loss):2784(3)6
Nonoperating income (expense)(4)(5)(3)(2)(1)0
Investment income, nonoperating  (0)0(1)0
Foreign currency transaction gain (loss), before tax  (0)(0)00
Other nonoperating income (expense)2(1) (2)(1)(0)
Interest and debt expense(5)(5)(3)   
Income (loss) from continuing operations before equity method investments, income taxes:(7)(2)13(4)6
Other undisclosed income from continuing operations before income taxes553   
Income (loss) from continuing operations before income taxes:(2)353(4)6
Income tax expense (benefit)31(2)(0)(1)(2)
Income (loss) from continuing operations:1332(5)4
Loss from discontinued operations (0)    
Other undisclosed loss before gain (loss) on sale of properties(0)     
Income (loss) before gain (loss) on sale of properties:1332(5)4
Other undisclosed net income88    
Net income (loss):91132(5)4
Net income (loss) attributable to noncontrolling interest(2)(4)(2)(0)21
Net income (loss) available to common stockholders, diluted:7812(3)4

Comprehensive Income ($ in millions)

12/31/2020
TTM
3/31/2020
3/31/2019
3/31/2018
3/31/2017
3/31/2016
Net income (loss):91132(5)4
Other comprehensive loss(0)(0)(0)(0)(0)(0)
Comprehensive income (loss):91132(5)4
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(2)(4)(2)(0)21
Comprehensive income (loss), net of tax, attributable to parent:7712(3)4

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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