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)

12/31/2019
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:46593316183132
Other undisclosed cash, cash equivalents, and short-term investments46593316183132
Receivables16314810977584452
Inventory, net of allowances, customer advances and progress billings3734222013119
Inventory3734222013119
Disposal group, including discontinued operation     1 
Other undisclosed current assets20192119133227
Total current assets:267259185133101117120
Noncurrent Assets
Nontrade receivables1476481   
Property, plant and equipment1,7661,5551,1601,001875847838
Long-term investments and receivables     14 
Long-term investments     14 
Intangible assets, net (including goodwill), including:5285354546393939
Goodwill3963913737 3434
Intangible assets, net (excluding goodwill)13214578  5
Other undisclosed intangible assets, net (including goodwill)    395
Other noncurrent assets69572580272821
Assets held-for-sale, long lived3
Defined benefit plan, assets for plan benefits   15
Assets of disposal group, including discontinued operation0
Other undisclosed noncurrent assets44 54  (14)(3)
Total noncurrent assets:2,5532,2111,3641,127941915913
TOTAL ASSETS:2,8202,4711,5491,2591,0421,0321,033
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities77715147363468
Accrued liabilities182010108810
Employee-related liabilities59514037272623
Accounts payable and other accrued liabilities35
Deferred revenue18
Debt15301929342424
Deferred revenue and credits161813139
Other undisclosed current liabilities154129100614441 
Total current liabilities:263229185156127112100
Noncurrent Liabilities
Long-term debt and lease obligation, including:1,4701,372497429284320361
Long-term debt, excluding current maturities1,4701,372497429284320361
Operating lease, liability30
Other undisclosed long-term debt and lease obligation(30)      
Liabilities, other than long-term debt102247225271267278232
Pension and other postretirement defined benefit plans, liabilities31
Deferred tax liabilities, net1139912397103110
Liability, pension and other postretirement and postemployment benefits3764617810892
Other liabilities49524553625863
Self insurance reserve16181819 2628
Other undisclosed noncurrent liabilities52518624771 (26)(28)
Total noncurrent liabilities:2,0971,805969772551572564
Total liabilities:2,3602,0341,154927678684664
Stockholders' equity
Stockholders' equity attributable to parent, including:460436395332364347369
Additional paid in capital476471471443518527525
Accumulated other comprehensive loss(62)(91)(63)(80)(99)(83)(30)
Retained earnings (accumulated deficit)4656(14)(32)(56)(97)(127)
Other undisclosed stockholders' equity attributable to parent1111111
Total stockholders' equity:460436395332364347369
TOTAL LIABILITIES AND EQUITY:2,8202,4711,5491,2591,0421,0321,033

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

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues1,4528921,068769619590580
Cost of revenue
(Cost of Goods and Services Sold)
(155)(147)(22)(106)(53)(155)(146)
Gross profit:1,2977461,046663567434434
Operating expenses(1,275)(781)(975)(705)(546)(525)(567)
Other undisclosed operating income1551472210653155146
Operating income:1771119364736513
Nonoperating expense(96)(32)(100)(29)(10)(12)(13)
Net periodic defined benefits expense (reversal of expense), excluding service cost component9(8)
Other nonoperating expense(105)(24)(100)(29)(10)(13)(14)
Interest and debt expense(17)(29)(17)(11)(11)(14)(14)
Other undisclosed income from continuing operations before equity method investments, income taxes8371711111314
Income (loss) from continuing operations before income taxes:7287(7)346352(0)
Income tax expense (benefit)(12)(20)28(13)(23)(20)(19)
Income (loss) from continuing operations:606822213932(20)
Income (loss) from discontinued operations  (3) 2(2)0
Net income (loss):606818214130(20)
Other undisclosed net income (loss) attributable to parent11 2 0(0)
Net income (loss) available to common stockholders, diluted:616918234130(20)

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income (loss):606818214130(20)
Other comprehensive income (loss)(27)28(4)(21)1456 
Comprehensive income (loss):339615(0)5686(20)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent58(55)2143(31)(109)87
Comprehensive income (loss), net of tax, attributable to parent:9141354325(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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