Aerocentury corp (ACY)
Income statement / TTM
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

25,609

27,997

28,465

28,322

27,637

27,467

27,862

28,148

29,002

29,405

27,912

25,737

24,464

23,239

23,676

25,073

25,467

25,196

23,500

22,500

21,913

20,851

20,404

19,744

18,794

20,215

21,639

22,655

23,662

22,977

22,132

21,106

19,403

19,086

19,885

0

0

0

Maintenance reserves revenue, net

16,968

16,968

0

579

1,629

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Finance lease revenue

852

1,013

1,006

1,108

1,251

0

0

0

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net gain (loss) on disposal of assets

326

-712

-3,140

-3,222

-3,408

-1,452

935

769

791

0

0

0

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net loss on sales-type finance leases

-

0

0

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Maintenance reserves revenue, net

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

589

589

589

2,045

3,393

4,438

10,584

10,057

14,910

14,938

10,056

9,777

4,099

4,092

3,927

3,649

3,340

3,841

5,967

0

0

0

Finance lease revenue

-

-

-

-

-

-

-

-

-

-

1,253

1,008

868

755

647

0

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Maintenance reserves revenue

-

-

-

-

-

-

-

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Finance lease revenue

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net gain on disposal of assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

6,336

6,790

643

2,452

3,215

3,147

2,624

2,800

3,981

3,808

4,706

2,747

1,704

1,486

0

0

0

-

-

-

-

0

0

Net gain on sales-type finance leases

-

-

-

-

-

-

-

-

297

306

1,472

1,514

1,216

1,208

1,137

3,777

5,179

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other income

12

15

15

10

7

0

0

0

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other income

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total income

43,599

45,111

26,176

26,798

27,116

0

0

0

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other income

-

-

-

-

-

-

-

-

-

-

-

16

17

18

18

18

17

102

102

168

252

226

263

253

718

0

0

0

-

-

-

314

437

1,849

1,723

0

0

0

Recovery of bad debt

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

Total Income

-

-

-

-

-

-

-

-

-

-

-

30,434

28,716

33,737

34,085

36,142

38,533

31,985

30,819

29,331

28,706

28,139

34,051

34,037

38,231

40,588

35,133

34,771

29,358

28,070

27,189

26,441

24,552

24,777

27,626

0

0

0

Expenses:
Management fees

-

-

-

-

-

-

-

-

-

-

-

5,459

5,216

5,006

5,168

5,412

5,581

4,260

4,054

3,970

3,864

5,003

4,856

4,600

4,369

4,312

4,345

4,275

4,166

4,015

3,832

3,756

3,715

3,689

3,697

0

0

0

Professional fees, general and administrative and other

-

-

-

-

-

-

-

-

-

-

-

1,749

1,667

1,598

1,450

1,201

1,187

1,188

1,311

1,824

1,718

1,781

1,677

1,152

1,174

1,438

1,532

1,528

1,513

1,222

1,172

1,319

1,333

1,374

1,285

0

0

0

Maintenance

-

-

-

-

-

-

-

-

-

-

-

3,221

3,285

4,194

3,641

3,598

4,660

4,696

6,672

6,516

7,478

7,898

7,139

7,167

6,962

5,791

5,184

5,467

4,082

3,879

5,793

7,120

10,933

12,485

13,737

0

0

0

Provision for impairment in value of aircraft

31,007

24,923

4,241

4,379

2,971

0

0

0

-

0

0

-

1,226

1,456

1,456

1,357

1,282

11,866

18,666

0

-

0

0

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

Depreciation

11,587

12,357

12,715

12,895

12,637

0

0

0

-

-

-

9,996

9,139

8,413

8,362

8,813

9,062

8,620

8,070

7,761

7,299

7,596

7,668

7,471

7,363

6,977

6,720

6,397

6,126

6,018

5,916

5,846

5,598

5,964

6,341

0

0

0

Interest

11,302

10,164

10,284

10,164

9,506

0

0

0

-

-

-

5,661

5,339

5,102

5,222

5,552

6,141

6,146

5,912

5,705

5,134

4,833

4,575

4,316

4,075

4,202

4,470

4,620

4,627

4,483

4,227

4,039

3,934

4,019

4,181

0

0

0

Professional fees, general and administrative and other

4,005

3,597

3,071

2,591

2,343

0

0

0

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Bad debt expense

-

0

-

-

-

0

-

-

-

-

-

-

-

0

0

-

-

0

0

-

-

-

-

-

-

0

-

-

-

0

-

-

-

-

-

-

-

-

Salaries and employee benefits

2,367

2,341

1,812

1,191

592

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Maintenance

850

603

593

652

636

0

0

0

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Insurance

621

558

505

444

383

309

298

277

271

0

0

0

-

-

470

500

409

552

723

933

1,255

1,372

1,235

1,219

1,166

1,082

1,098

987

866

726

631

745

878

896

859

0

0

0

Other taxes

-

-

-

-

-

-

-

-

-

-

0

0

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other taxes

114

111

108

105

90

0

0

0

-

0

-

-

-

-

-

-

-

222

535

500

465

430

90

90

90

0

0

0

-

-

-

0

-

-

-

0

-

0

Depreciation

-

-

-

-

-

-

-

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Interest

-

-

-

-

-

-

-

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Management fees

0

-0

1,533

3,036

4,482

0

0

0

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Bad debt expense

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

0

0

-

-

-

Total expenses

64,765

61,101

37,393

37,988

36,170

36,066

32,943

32,623

32,121

29,815

28,799

28,104

26,744

26,904

26,152

26,588

28,512

26,052

39,363

45,948

45,952

47,434

34,399

26,375

25,558

23,987

23,153

23,366

21,471

20,744

21,974

22,918

26,485

28,452

30,147

0

0

0

Loss before income tax benefit

-21,166

-15,989

-11,216

-11,190

-9,054

-4,166

2,243

2,861

3,432

2,284

2,404

2,329

1,972

6,833

7,933

9,553

10,021

5,933

-8,544

-16,617

-17,245

-19,294

-348

7,661

12,673

16,601

11,980

11,405

7,886

7,326

5,215

3,522

-1,932

-3,674

-2,521

0

0

0

Income tax benefit

-4,507

-2,538

-1,513

-1,483

-972

-5,936

-4,394

-4,213

-3,966

942

917

900

750

2,496

2,870

3,434

3,583

2,067

-2,908

-5,706

-5,951

-6,665

12

2,766

4,329

5,634

3,922

3,723

2,697

2,707

1,951

1,369

-482

-1,244

-862

0

0

0

Net loss

-16,658

-13,450

-9,703

-9,706

-8,081

1,770

6,638

7,075

7,399

1,341

1,486

1,429

1,221

4,337

5,062

6,119

6,437

3,866

-5,635

-10,911

-11,294

-12,629

-361

4,895

8,343

10,966

8,057

7,681

5,189

4,618

3,263

2,153

-1,450

-2,429

-1,659

0

0

0

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