Air Transport Services Group, Inc (ATSG) financial statements (2020 and earlier)

Company profile

Business Address 145 HUNTER DR
WILMINGTON, OH 45177
State of Incorp. DE
Fiscal Year End December 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
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments, including:47593316183132
Other undisclosed cash, cash equivalents, and short-term investments47593316183132
Receivables13614810977584452
Inventory, net of allowances, customer advances and progress billings3334222013119
Inventory3334222013119
Disposal group, including discontinued operation     1 
Other undisclosed current assets18192119133227
Total current assets:234259185133101117120
Noncurrent Assets
Nontrade receivables1516481   
Property, plant and equipment1,7071,5551,1601,001875847838
Long-term investments and receivables     14 
Long-term investments     14 
Intangible assets, net (including goodwill), including:5315354546393939
Goodwill3963913737 3434
Intangible assets, net (excluding goodwill)13514578  5
Other undisclosed intangible assets, net (including goodwill)    395
Other noncurrent assets68572580272821
Assets held-for-sale, long lived3
Defined benefit plan, assets for plan benefits   15
Assets of disposal group, including discontinued operation0
Other undisclosed noncurrent assets54 54  (14)(3)
Total noncurrent assets:2,5112,2111,3641,127941915913
TOTAL ASSETS:2,7452,4711,5491,2591,0421,0321,033
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities66715147363468
Accrued liabilities162010108810
Employee-related liabilities50514037272623
Accounts payable and other accrued liabilities35
Debt43301929342424
Deferred revenue and credits161813139
Other undisclosed current liabilities167129100614441 
Total current liabilities:277229185156127112100
Noncurrent Liabilities
Long-term debt and lease obligation1,4081,372497429284320361
Long-term debt, excluding current maturities1,4081,372497429284320361
Liabilities, other than long-term debt232247225271267278232
Pension and other postretirement defined benefit plans, liabilities31
Deferred tax liabilities, net1251139912397103110
Liability, pension and other postretirement and postemployment benefits5464617810892
Other liabilities53524553625863
Self insurance reserve 181819 2628
Other undisclosed noncurrent liabilities34718624771 (26)(28)
Total noncurrent liabilities:1,9871,805969772551572564
Total liabilities:2,2642,0341,154927678684664
Stockholders' equity
Stockholders' equity attributable to parent, including:481436395332364347369
Additional paid in capital475471471443518527525
Accumulated other comprehensive loss(81)(91)(63)(80)(99)(83)(30)
Retained earnings (accumulated deficit)8656(14)(32)(56)(97)(127)
Other undisclosed stockholders' equity attributable to parent1111111
Total stockholders' equity:481436395332364347369
TOTAL LIABILITIES AND EQUITY:2,7452,4711,5491,2591,0421,0321,033

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

9/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues1,3308921,068769619590580
Cost of revenue
(Cost of Goods and Services Sold)
(259)(147)(22)(106)(53)(155)(146)
Gross profit:1,0717461,046663567434434
Operating expenses(1,172)(781)(975)(705)(546)(525)(567)
Other undisclosed operating income2591472210653155146
Operating income:1571119364736513
Nonoperating expense(45)(32)(100)(29)(10)(12)(13)
Net periodic defined benefits expense (reversal of expense), excluding service cost component7(8)
Other nonoperating expense(10)(24)(100)(29)(10)(13)(14)
Interest and debt expense(63)(29)(17)(11)(11)(14)(14)
Other undisclosed income from continuing operations before equity method investments, income taxes64371711111314
Income (loss) from continuing operations before income taxes:11387(7)346352(0)
Income tax expense (benefit)(36)(20)28(13)(23)(20)(19)
Income (loss) from continuing operations:776822213932(20)
Income (loss) from discontinued operations  (3) 2(2)0
Net income (loss):776818214130(20)
Other undisclosed net income (loss) attributable to parent201 2 0(0)
Net income (loss) available to common stockholders, diluted:976918234130(20)

Comprehensive Income ($ in millions)

9/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income (loss):776818214130(20)
Other comprehensive income (loss)2228(4)(21)1456 
Comprehensive income (loss):999615(0)5686(20)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(22)(55)2143(31)(109)87
Comprehensive income (loss), net of tax, attributable to parent:7741354325(23)68

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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