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

12/31/2019
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 investments3,5972,8391,7252,192415531146
Cash and cash equivalents3,5972,8391,7252,192415531146
Receivables8671,1182,2091,7442,8212,0501,743
Inventory, net of allowances, customer advances and progress billings18117116311368299339
Inventory18117116311368299339
Assets held-for-sale, not part of disposal group270    ✕✕
Other undisclosed current assets295566532438354525999
Total current assets:5,2104,6944,6284,4873,6583,4053,227
Noncurrent Assets
Operating lease, right-of-use asset495✕✕✕✕✕✕
Property, plant and equipment3233886701,0741,4972,0872,445
Long-term investments and receivables   200200 76
Accounts and financing receivable, after allowance for credit loss   200200 76
Intangible assets, net (including goodwill)7507507507855656731,440
Goodwill7507507507505305301,080
Intangible assets, net (excluding goodwill)   3535143360
Deposits noncurrent assets334797150179180
Deferred income tax assets476✕✕✕✕✕✕
Deferred tax assets, net✕507454323173363 
Other undisclosed noncurrent assets      0
Total noncurrent assets:2,0471,6481,9212,4802,5853,3014,142
TOTAL ASSETS:7,2576,3416,5496,9676,2436,7067,369
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities1,0906377881,2041,2721,5021,425
Accounts payable397348495842683996870
Accrued liabilities320289292361589505555
Interest and dividends payable373      
Deferred revenue130✕✕✕✕✕✕
Debt61583453452729221,368
Customer advances and deposits✕✕127127126135✕
Contract with customer, liability✕127✕✕✕✕✕
Other undisclosed current liabilities      132
Total current liabilities:1,2818211,2591,6751,6712,5592,925
Noncurrent Liabilities
Long-term debt and lease obligation4001731134586539571,284
Long-term debt, excluding current maturities 1731134586539571,284
Operating lease, liability400✕✕✕✕✕✕
Liabilities, other than long-term debt      140
Deferred tax liabilities, net✕     140
Total noncurrent liabilities:4001731134586539571,424
Total liabilities:1,6819951,3722,1332,3233,5164,349
Stockholders' equity
Stockholders' equity attributable to parent5,5765,3475,1774,8343,9193,1903,020
Common stock31303233333333
Additional paid in capital19,81919,75719,89720,03019,99619,96219,926
Accumulated deficit(14,273)(14,441)(14,752)(15,230)(16,110)(16,805)(16,939)
Other undisclosed stockholders' equity      0
Total stockholders' equity:5,5765,3475,1774,8343,9193,1903,020
TOTAL LIABILITIES AND EQUITY:7,2576,3416,5496,9676,2436,7067,369

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

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues11,56811,11812,01614,69115,97418,28814,762
Revenue, net✕✕12,01614,69115,97418,28814,762
Cost of revenue
(Cost of Goods and Services Sold)		(5,851)(6,067)(5,612)(6,592)(7,263)(10,069)(8,111)
Other undisclosed gross profit      0
Gross profit:5,7175,0526,4048,0998,7128,2196,651
Operating expenses(4,669)(4,560)(5,311)(6,304)(6,669)(8,410)(6,344)
Other undisclosed operating income     1,317739
Operating income:1,0484921,0931,7952,0431,1261,046
Nonoperating income (expense)1916(32)(27)(124)(802)(218)
Investment income, nonoperating2733   718
Other nonoperating income (expense) 0(10) (99)(33)(115)
Interest and debt expense(8)(17)(21)(27)(25)(86)(121)
Income from continuing operations before equity method investments, income taxes:1,0594911,0401,7401,894238706
Other undisclosed income from continuing operations before income taxes81721272586121
Income from continuing operations before income taxes:1,0675091,0621,7671,919324828
Income tax expense(399)(197)(584)(887)(1,032)(190)(463)
Income from continuing operations:668312478880887134365
Loss from discontinued operations    (109)  
Net income:668312478880778134365
Other undisclosed net loss attributable to parent    (83) (2,188)
Net income (loss) available to common stockholders, diluted:668312478880695134(1,823)

Comprehensive Income ($ in thousands)
Annual | Quarterly

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income:668312478880778134365
Comprehensive income, net of tax, attributable to parent:668312478880778134365

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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