Aerocentury corp (ACY)
Income statement / Quarterly
Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11Sep'10Jun'10
Revenues and other income:
Operating lease revenue

4,788

6,705

6,966

7,148

7,177

7,173

6,823

6,462

7,007

7,568

7,110

7,316

7,410

6,074

4,935

6,044

6,185

6,511

6,332

6,437

5,914

4,815

5,332

5,850

4,853

4,368

4,672

4,900

6,273

5,792

5,689

5,906

5,588

4,948

4,662

4,204

5,271

5,747

Maintenance reserves revenue, net

0

16,968

0

0

0

0

579

1,050

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Finance lease revenue

87

268

260

236

249

261

361

379

-

415

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net gain (loss) on disposal of assets

5

44

99

178

-1,034

-2,384

18

-8

921

3

-147

13

-

2

2,146

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net loss on sales-type finance leases

-

0

-170

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Maintenance reserves revenue, net

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

-0

0

261

327

0

0

1,717

1,675

1,044

6,146

1,191

6,528

1,072

1,263

913

849

1,065

1,099

634

540

1,567

3,225

Finance lease revenue

-

-

-

-

-

-

-

-

-

-

432

325

296

199

187

185

-

184

91

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Maintenance reserves revenue

-

-

-

-

-

-

-

-

-

349

686

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Finance lease revenue

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net gain on disposal of assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

5

6,330

0

0

460

183

1,809

762

391

-339

1,985

1,944

218

558

26

901

0

-

-

-

-

0

50

Net gain on sales-type finance leases

-

-

-

-

-

-

-

-

0

0

0

297

8

1,166

42

0

0

1,095

2,681

1,401

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other income

1

0

6

4

3

1

1

1

-

1

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other income

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total income

4,883

23,987

7,161

7,566

6,396

5,051

7,783

7,885

-

8,339

8,081

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other income

-

-

-

-

-

-

-

-

-

-

-

0

15

0

0

1

16

0

0

0

100

0

66

84

74

37

56

550

-

-

-

26

-1,323

153

1,457

149

88

27

Recovery of bad debt

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

Total Income

-

-

-

-

-

-

-

-

-

-

-

7,953

7,725

7,443

7,311

6,236

12,747

7,791

9,367

8,627

6,198

6,625

7,879

8,002

5,632

12,537

7,865

12,196

7,988

7,082

7,503

6,783

6,701

6,201

6,755

4,894

6,926

9,050

Expenses:
Management fees

-

-

-

-

-

-

-

-

-

-

-

1,506

1,530

1,249

1,172

1,264

1,320

1,411

1,416

1,433

0

1,205

1,332

1,327

1,138

1,058

1,076

1,095

1,081

1,091

1,006

986

930

908

931

945

904

916

Professional fees, general and administrative and other

-

-

-

-

-

-

-

-

-

-

-

506

299

385

557

424

230

237

309

410

231

360

822

304

293

256

297

327

557

349

294

311

266

300

440

325

308

211

Maintenance

-

-

-

-

-

-

-

-

-

-

-

256

714

750

1,501

319

1,623

197

1,458

1,382

1,658

2,173

1,302

2,344

2,078

1,413

1,330

2,139

907

807

1,612

754

704

2,721

2,939

4,568

2,256

3,973

Provision for impairment in value of aircraft

6,084

23,354

160

1,408

0

2,673

298

0

-

68

454

-

905

0

246

75

1,134

0

147

0

-

11,718

6,800

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

Depreciation

2,446

2,970

2,970

3,200

3,216

3,328

3,150

2,941

-

-

-

2,936

2,856

2,332

1,871

2,079

2,130

2,281

2,322

2,327

1,689

1,731

2,012

1,865

1,986

1,803

1,815

1,757

1,601

1,546

1,492

1,486

1,492

1,445

1,422

1,238

1,857

1,822

Interest

3,557

2,347

2,485

2,912

2,419

2,467

2,365

2,254

-

-

-

1,610

1,573

1,338

1,138

1,289

1,336

1,458

1,468

1,878

1,341

1,225

1,261

1,307

1,040

966

1,002

1,065

1,168

1,233

1,153

1,071

1,024

978

965

967

1,109

1,139

Professional fees, general and administrative and other

1,378

944

856

825

970

419

376

577

-

433

418

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Bad debt expense

-

3,918

-

-

-

0

-

-

-

-

-

-

-

572

262

-

-

0

0

-

-

-

-

-

-

357

-

-

-

0

-

-

-

-

-

-

-

-

Salaries and employee benefits

618

529

620

599

592

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Maintenance

477

255

10

107

230

245

68

91

-

169

405

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Insurance

211

130

139

140

148

77

78

79

74

66

57

73

-

-

73

76

78

242

103

-14

221

413

313

307

338

276

298

253

254

292

186

132

115

197

300

266

132

160

Other taxes

-

-

-

-

-

-

-

-

-

-

22

22

-

-

22

22

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other taxes

25

25

25

37

22

22

22

22

-

22

-

-

-

-

-

-

-

49

57

57

57

362

22

22

22

22

22

22

-

-

-

22

-

-

-

22

-

22

Depreciation

-

-

-

-

-

-

-

-

-

3,158

2,943

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Interest

-

-

-

-

-

-

-

-

-

2,143

1,742

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Management fees

0

0

0

0

-0

1,534

1,502

1,446

-

1,583

1,498

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Bad debt expense

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

310

-

-

0

0

-

-

-

Total expenses

13,790

34,476

7,267

9,231

10,127

10,767

7,862

7,413

10,022

7,645

7,541

6,911

7,716

6,629

6,846

5,551

7,876

5,878

7,282

7,475

5,416

19,189

13,867

7,478

6,898

6,154

5,843

6,661

5,327

5,321

6,056

4,766

4,600

6,551

7,000

8,333

6,567

8,246

Loss before income tax benefit

-8,907

-10,488

-105

-1,664

-3,731

-5,715

-78

471

1,156

694

539

1,042

8

814

464

684

4,870

1,913

2,085

1,152

782

-12,564

-5,988

524

-1,266

6,382

2,022

5,535

2,661

1,761

1,447

2,016

2,100

-349

-245

-3,438

358

803

Income tax benefit

-1,866

-2,257

-27

-356

102

-1,232

2

154

-4,860

309

183

401

48

284

166

251

1,795

658

730

400

278

-4,317

-2,067

154

-435

2,361

685

1,717

870

648

486

691

880

-106

-95

-1,159

117

275

Net loss

-7,041

-8,231

-77

-1,308

-3,833

-4,483

-81

317

6,017

384

355

641

-40

529

298

433

3,075

1,255

1,355

752

503

-8,247

-3,920

369

-831

4,021

1,336

3,817

1,790

1,112

960

1,325

1,220

-242

-149

-2,278

241

527

Loss per share:
Basic

-4.56

-5.32

-0.05

-0.85

-2.58

-3.16

-0.06

0.22

4.17

0.27

0.25

0.41

-0.03

0.34

0.19

0.28

1.99

0.81

0.88

0.49

0.32

-5.34

-2.54

0.24

-0.54

2.61

0.87

2.47

1.16

0.72

0.62

0.86

0.80

-0.16

-0.10

-1.48

0.16

0.34

Diluted

-4.56

-5.32

-0.05

-0.85

-2.58

-3.16

-0.06

0.22

4.17

0.27

0.25

0.41

-0.03

0.34

0.19

0.28

2.01

0.81

0.87

0.48

0.33

-5.34

-2.54

0.23

-0.52

2.53

0.84

2.41

1.15

0.71

0.61

0.85

0.80

-0.16

-0.10

-1.48

0.15

0.33

Weighted average shares used in loss per share computations:
Basic

1,545

1,545

1,545

1,545

1,546

1,416

1,416

1,416

1,414

1,416

1,416

1,550

1,566

1,566

1,566

1,566

1,547

1,543

1,543

1,543

1,543

1,543

1,543

1,543

1,543

1,543

1,543

1,543

1,543

1,543

1,543

1,543

1,543

1,543

1,543

1,543

1,543

1,543

Diluted

1,545

1,545

1,545

1,545

1,546

1,416

1,416

1,416

1,414

1,416

1,416

1,550

1,566

1,566

1,566

1,566

1,520

1,548

1,555

1,552

1,503

1,543

1,543

1,583

1,587

1,590

1,588

1,582

1,572

1,565

1,563

1,550

1,543

1,543

1,543

1,543

1,582

1,590