Air Transport Services Group, Inc (ATSG) financial statements (2022 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)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments, including:69404659331618
Other undisclosed cash, cash equivalents, and short-term investments69404659331618
Receivables2051541631481097758
Inventory, net of allowances, customer advances and progress billings49403734222013
Inventory49403734222013
Other undisclosed current assets29392019211913
Total current assets:353273267259185133101
Noncurrent Assets
Operating lease, right-of-use asset63  
Nontrade receivables 1261476481  
Property, plant and equipment2,1301,9401,7661,5551,1601,001875
Long-term investments and receivables10      
Long-term investments10      
Intangible assets, net (including goodwill), including:505516528535454639
Goodwill3963963963913737 
Intangible assets, net (excluding goodwill)10912013214578 
Other undisclosed intangible assets, net (including goodwill)      39
Other noncurrent assets114786957258027
Other undisclosed noncurrent assets936944 54  
Total noncurrent assets:2,9142,7292,5532,2111,3641,127941
TOTAL ASSETS:3,2673,0022,8202,4711,5491,2591,042
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities72767771514736
Accrued liabilities1519182010108
Employee-related liabilities57575951403727
Deferred revenue475418
Debt1141530192934
Deferred revenue and credits161813
Other undisclosed current liabilities1931591541291006144
Total current liabilities:313302263229185156127
Noncurrent Liabilities
Long-term debt and lease obligation, including:1,2991,4651,4701,372497429284
Long-term debt, excluding current maturities1,2991,4651,4701,372497429284
Operating lease, liability445130
Other undisclosed long-term debt and lease obligation(44)(51)(30)    
Liabilities, other than long-term debt7792102247225271267
Deferred tax liabilities, net1139912397
Liability, pension and other postretirement and postemployment benefits213537646178108
Other liabilities50484952455362
Self insurance reserve6916181819 
Other undisclosed noncurrent liabilities25628752518624771 
Total noncurrent liabilities:1,6321,8442,0971,805969772551
Total liabilities:1,9452,1462,3602,0341,154927678
Stockholders' equity
Stockholders' equity attributable to parent, including:1,322855460436395332364
Additional paid in capital1,074856476471471443518
Accumulated other comprehensive loss(62)(79)(62)(91)(63)(80)(99)
Retained earnings (accumulated deficit)309784656(14)(32)(56)
Other undisclosed stockholders' equity attributable to parent1111111
Total stockholders' equity:1,322855460436395332364
TOTAL LIABILITIES AND EQUITY:3,2673,0022,8202,4711,5491,2591,042

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues1,7341,5711,4528921,068769619
Cost of revenue
(Cost of Goods and Services Sold)
(174)(12)(155)(147)(22)(106)(53)
Gross profit:1,5611,5581,2977461,046663567
Operating expenses(1,413)(1,364)(1,275)(781)(975)(705)(546)
Other undisclosed operating income174121551472210653
Operating income:321206177111936473
Nonoperating expense(38)(177)(96)(32)(100)(29)(10)
Net periodic defined benefits expense (reversal of expense), excluding service cost component(18)(12)9(8)
Other nonoperating expense(20)(165)(105)(24)(100)(29)(10)
Interest and debt expense7(14)(17)(29)(17)(11)(11)
Other undisclosed income from continuing operations before equity method investments, income taxes1126837171111
Income (loss) from continuing operations before income taxes:301417287(7)3463
Income tax expense (benefit)(72)(16)(12)(20)28(13)(23)
Income from continuing operations:229256068222139
Income (loss) from discontinued operations    (3) 2
Net income:229256068182141
Other undisclosed net income attributable to parent2711 2 
Net income available to common stockholders, diluted:231326169182341

Comprehensive Income ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income:229256068182141
Other comprehensive income (loss)(17)17(27)28(4)(21)14
Comprehensive income (loss):21242339615(0)56
Other undisclosed comprehensive income (loss), net of tax, attributable to parent36(27)58(55)2143(31)
Comprehensive income, net of tax, attributable to parent:248159141354325

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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