Air t, inc. (AIRT)
Income statement / Yearly
Mar'19Mar'18Mar'17Mar'16Mar'15Mar'14Mar'13Mar'12Mar'11
Operating Revenues:
Overnight air cargo

-

-

-

-

-

-

-

48,344

42,335

Ground equipment sales

-

-

-

-

-

-

-

32,089

32,808

Ground support services

-

-

-

-

-

-

-

8,948

8,217

Operating Revenues

249,834

194,519

148,471

148,211

112,181

100,772

103,064

89,382

83,361

249,834

194,519

148,471

148,211

112,181

100,772

103,064

89,382

83,361

Operating Expenses:
Overnight air cargo

65,099

63,049

61,661

-

-

-

-

-

-

Overnight air cargo - flight

-

-

-

35,990

22,219

20,679

20,016

19,874

18,406

Overnight air cargo - maintenance

-

-

-

23,597

22,889

25,718

23,142

21,594

17,624

Ground equipment sales

38,911

41,567

24,350

38,060

31,949

24,580

35,011

28,071

27,004

Ground support services

30,376

30,135

25,089

20,752

17,495

13,588

10,325

6,091

6,035

Printing equipment and maintenance

350

2,975

9,490

3,611

0

-

-

-

-

Commercial jet engines and parts

60,948

20,502

4,501

-

-

-

-

-

-

Leasing

-

-

49

-

-

-

-

-

-

Research and development

-

195

1,042

777

0

-

-

-

-

General and administrative

38,376

29,138

22,205

18,139

14,222

12,843

11,303

11,335

10,589

Depreciation, amortization and impairment

-

-

3,181

1,257

856

-

-

-

-

Depreciation and amortization

7,686

2,428

-

-

-

752

532

364

365

Impairment

34

250

-

-

-

-

-

-

-

(Gain) Loss on sale of property and equipment

13

-30

-

-

-

-

-

-

-

Gain on sale of property and equipment, net

-

-

-

5

869

23

-4

-

-

Gain on sale of assets

-

-

-

-

-

-

-

-

103

Loss (gain) on sale of assets

-

-

-

-

-

-

-

22

-

Operating Expenses

241,769

190,273

151,572

142,180

108,764

98,139

100,336

87,308

-

-

-

-

-

-

-

-

-

79,923

Operating Income from continuing operations

8,064

4,245

-3,100

6,031

3,416

2,632

2,728

2,073

3,438

Non-operating Income (Expense):
Gain on sale of marketable securities

81

93

-

-

-

-

-

-

-

Gain on sale of marketable securities

-

-

576

49

8

10

-

-

-

Foreign currency gain (loss), net

-113

-228

286

79

0

-

-

-

-

Other-than-temporary impairment loss on investments

2,000

1,559

2,755

-

-

-

-

-

-

Other investment income (loss), net

-373

121

1,345

73

-10

-

-

-

-

Equity in income (loss) of associated company

-

-

0

-

-

-

-

-

-

Interest expense

3,427

1,724

-

-

-

-

-

-

1

Unrealized gain on interest rate swap

145

-66

0

-

-

-

-

-

-

Gain on asset retirement obligation

-

562

0

-

-

-

-

-

-

Bargain purchase acquisition gain

1,983

501

0

-

-

-

-

-

-

Unrealized gain on transition to equity method

-

721

0

-

-

-

-

-

-

Income (loss) from equity method investments

340

-14

-

-

-

-

-

-

-

Other

-

-

-571

-80

0

15

1

-

-

Investment income, net

-

-

-

-

-

-

-

22

131

Nonoperating Income (Expense)

-3,362

-1,593

-1,118

121

-1

26

1

22

130

Income (Loss) Before Income Taxes

4,702

2,651

-4,219

6,153

3,414

-

-

-

-

Income Before Income Taxes

-

-

-

-

-

2,658

2,729

2,096

-

Income Before Income Taxes

-

-

-

-

-

-

-

-

3,568

Income Tax Expense (Benefit)

1,502

195

725

2,395

931

1,192

1,060

746

1,431

Net income (loss)

3,199

2,456

-4,944

3,757

2,483

-

-

-

-

Net income from continuing operations attributable to non-controlling interests

1,859

179

-1,730

-655

0

-

-

-

-

Net Income (Loss) Attributable to Air T, Inc. Stockholders

1,339

2,277

-3,213

4,413

2,483

1,466

1,669

1,350

2,137

Income (Loss) per share (Note 6)
Comprehensive Income

-

-

-

-

-

-

1,669

-

-

Basic (in dollars per share)

0.66

1.11

-1.51

1.86

1.05

0.61

0.68

0.55

0.88

Diluted (in dollars per share)

0.66

1.11

-1.51

1.84

1.04

0.60

0.68

0.55

0.87

Dividends Declared Per Share (in dollars per share)

-

-

-

-

-

0.30

0.25

0.25

0.33

Weighted Average Shares Outstanding:
Basic (in shares)

2,034

2,042

2,125

2,372

2,359

2,414

2,446

2,443

2,431

Diluted (in shares)

2,039

2,047

2,125

2,396

2,379

2,433

2,454

2,451

2,464

Overnight Air Cargo [Member]
Operating Revenues

72,978

72,845

-

-

-

-

-

-

-

Ground Equipment Sales [Member]
Operating Revenues

47,152

50,004

-

-

-

-

-

-

-

Ground Support Services [Member]
Operating Revenues

34,331

35,698

-

-

-

-

-

-

-

Commercial Jet Engines Inventory [Member]
Operating Revenues

93,968

29,506

-

-

-

-

-

-

-

Printing Equipment and Maintenance [Member]
Operating Revenues

654

6,144

-

-

-

-

-

-

-

Corporate and Other [Member]
Operating Revenues

749

320

-

-

-

-

-

-

-