Saker Aviation Services Inc (SKAS) financial statements (2021 and earlier)

Company profile

Business Address 20 SOUTH STREET
NEW YORK, NY 10004
State of Incorp. NV
Fiscal Year End December 31
SIC 4581 - Airports, Flying Fields, and Airport Terminal Services (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in thousands)
Annual | Quarterly

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1,8993,5972,8391,7252,192415531
Cash and cash equivalents1,8993,5972,8391,7252,192415531
Receivables1,2188671,1182,2091,7442,8212,050
Inventory, net of allowances, customer advances and progress billings16418117116311368299
Inventory16418117116311368299
Prepaid expense258      
Assets held-for-sale, not part of disposal group 270    ✕
Other undisclosed current assets 295566532438354525
Total current assets:3,5385,2104,6944,6284,4873,6583,405
Noncurrent Assets
Operating lease, right-of-use asset446495✕✕✕✕✕
Property, plant and equipment2593233886701,0741,4972,087
Long-term investments and receivables    200200 
Accounts and financing receivable, after allowance for credit loss    200200 
Intangible assets, net (including goodwill)750750750750785565673
Goodwill750750750750750530530
Intangible assets, net (excluding goodwill)    3535143
Deposits noncurrent assets3334797150179
Deferred income tax assets 476✕✕✕✕✕
Deferred tax assets, net✕✕507454323173363
Total noncurrent assets:1,4572,0471,6481,9212,4802,5853,301
TOTAL ASSETS:4,9957,2576,3416,5496,9676,2436,706
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities2811,0906377881,2041,2721,502
Accounts payable62397348495842683996
Accrued liabilities219320289292361589505
Interest and dividends payable 373     
Deferred revenue81130✕✕✕✕✕
Debt3056158345345272922
Customer advances and deposits✕✕✕127127126135
Contract with customer, liability✕✕127✕✕✕✕
Other undisclosed current liabilities43      
Total current liabilities:7101,2818211,2591,6751,6712,559
Noncurrent Liabilities
Long-term debt and lease obligation377400173113458653957
Long-term debt, excluding current maturities  173113458653957
Operating lease, liability377400✕✕✕✕✕
Other undisclosed noncurrent liabilities(377)      
Total noncurrent liabilities:377400173113458653957
Total liabilities:1,0871,6819951,3722,1332,3233,516
Stockholders' equity
Stockholders' equity attributable to parent3,9085,5765,3475,1774,8343,9193,190
Common stock31313032333333
Additional paid in capital19,90919,81919,75719,89720,03019,99619,962
Accumulated deficit(16,032)(14,273)(14,441)(14,752)(15,230)(16,110)(16,805)
Total stockholders' equity:3,9085,5765,3475,1774,8343,9193,190
TOTAL LIABILITIES AND EQUITY:4,9957,2576,3416,5496,9676,2436,706

Income statement (P&L) ($ in thousands)
Annual | Quarterly

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues3,50611,56811,11812,01614,69115,97418,288
Revenue, net✕✕✕12,01614,69115,97418,288
Cost of revenue
(Cost of Goods and Services Sold)		(2,525)(5,851)(6,067)(5,612)(6,592)(7,263)(10,069)
Gross profit:9815,7175,0526,4048,0998,7128,219
Operating expenses(2,472)(4,669)(4,560)(5,311)(6,304)(6,669)(8,410)
Other undisclosed operating income      1,317
Operating income (loss):(1,491)1,0484921,0931,7952,0431,126
Nonoperating income (expense)(689)1916(32)(27)(124)(802)
Investment income, nonoperating 2733   7
Other nonoperating income (expense)(689) 0(10) (99)(33)
Interest and debt expense(24)(8)(17)(21)(27)(25)(86)
Income (loss) from continuing operations before equity method investments, income taxes:(2,204)1,0594911,0401,7401,894238
Other undisclosed income from continuing operations before income taxes2481721272586
Income (loss) from continuing operations before income taxes:(2,180)1,0675091,0621,7671,919324
Income tax expense (benefit)431(399)(197)(584)(887)(1,032)(190)
Income (loss) from continuing operations:(1,749)668312478880887134
Loss from discontinued operations     (109) 
Net income (loss):(1,749)668312478880778134
Other undisclosed net loss attributable to parent     (83) 
Net income (loss) available to common stockholders, diluted:(1,749)668312478880695134

Comprehensive Income ($ in thousands)
Annual | Quarterly

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income (loss):(1,749)668312478880778134
Comprehensive income (loss), net of tax, attributable to parent:(1,749)668312478880778134

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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