Air t, inc. (AIRT)
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'11Dec'10Sep'10Jun'10
Operating Revenues:
Total

0

0

0

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Overnight air cargo

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

47,962

48,251

48,344

47,600

46,257

44,242

42,335

0

0

0

Ground equipment sales

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

33,573

38,662

32,089

38,114

37,210

33,053

32,808

0

0

0

Ground support services

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

11,473

10,394

8,948

7,811

6,722

7,604

8,217

0

0

0

Operating Revenues

-

-

-

-

-

-

-

194,519

184,746

176,014

165,675

148,471

139,366

150,215

156,346

148,211

138,515

122,790

112,761

112,181

112,763

111,705

101,270

100,772

106,015

102,884

99,856

103,064

94,063

93,009

97,308

89,382

93,526

90,189

84,900

83,361

0

0

0

-

-

-

-

-

-

-

194,519

184,746

176,014

165,675

148,471

139,366

150,215

156,346

148,211

138,515

122,790

112,761

112,181

112,763

111,705

101,270

100,772

106,015

102,884

99,856

103,064

94,063

93,009

97,308

89,382

93,526

90,189

84,900

83,361

0

0

0

Operating Expenses:
Overnight air cargo

69,314

68,800

66,443

65,099

63,845

63,092

63,661

63,049

62,751

62,434

61,802

61,661

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Overnight air cargo - flight

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

35,990

31,874

27,691

23,414

22,219

21,681

21,577

21,073

20,679

20,419

20,020

20,341

20,016

20,042

19,851

19,750

19,874

45,915

36,445

26,960

18,406

0

0

0

Overnight air cargo - maintenance

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

23,597

23,266

22,941

23,084

22,889

22,822

24,158

24,717

25,718

27,020

25,183

24,492

23,142

21,514

21,375

21,743

21,594

45,650

35,484

25,578

17,624

0

0

0

Ground equipment sales

42,282

43,082

43,704

38,911

42,637

39,456

41,750

41,567

36,435

30,202

25,688

24,350

21,352

31,635

38,347

38,060

37,749

32,594

30,746

31,949

32,775

31,886

24,677

24,580

30,403

31,131

29,835

35,011

28,927

29,140

33,976

28,071

67,328

49,426

33,709

27,004

0

0

0

Ground support services

-

-

29,535

-

-

-

30,522

30,135

29,223

28,334

27,115

25,089

23,220

22,129

21,429

20,752

20,471

19,479

18,317

17,495

16,028

15,102

14,550

13,588

12,471

11,550

10,778

10,325

9,467

8,730

7,454

6,091

15,086

12,152

8,657

6,035

0

0

0

Printing equipment and maintenance

271

315

243

350

416

586

1,620

2,975

4,267

4,949

4,984

9,490

10,307

10,735

9,618

3,611

1,376

0

0

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Commercial jet engines and parts

71,540

54,500

49,113

60,948

43,019

32,895

30,553

20,502

17,576

17,104

14,570

4,501

0

0

0

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Leasing

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Research and development

-

-

-

-

-

-

-

195

379

487

727

1,042

1,420

1,528

1,288

777

216

0

0

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

General and administrative

42,452

42,001

40,710

38,376

33,654

31,859

31,138

29,138

27,386

25,094

22,961

22,205

22,022

21,647

20,161

18,139

15,637

14,706

14,796

14,222

13,936

14,057

13,126

12,843

12,519

11,679

11,555

11,303

11,588

11,536

11,497

11,335

26,182

20,667

15,527

10,589

0

0

0

Depreciation, amortization and impairment

-

-

-

-

-

-

-

-

-

1,766

1,591

3,181

3,344

3,229

3,068

1,257

889

0

0

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Depreciation and amortization

7,053

8,225

8,227

7,686

0

0

0

-

0

-

-

-

-

-

-

-

-

-

-

-

-

865

824

752

693

615

552

532

552

490

434

364

831

670

516

365

0

0

0

Impairment

24

27

30

34

0

0

0

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

(Gain) Loss on sale of property and equipment

37

10

11

13

0

0

0

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Gain on sale of property and equipment, net

-

-

-

-

-

-

-

-

-

-

-

-

-58

11

0

5

-134

589

686

869

0

0

0

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Gain on sale of assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

0

-

-

Operating Expenses

262,438

246,479

237,998

241,769

206,084

196,412

203,052

190,273

180,194

170,375

159,490

151,572

146,092

154,691

156,339

142,180

131,589

117,613

110,492

108,764

107,063

107,350

98,759

98,139

103,509

100,187

97,561

100,336

92,069

91,101

94,832

87,308

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

79,923

0

0

0

Operating Income from continuing operations

9,872

8,017

6,672

8,064

4,595

3,281

4,636

4,245

4,551

5,639

6,185

-3,100

-6,726

-4,475

7

6,031

6,926

5,176

2,268

3,416

5,700

4,355

2,510

2,632

2,505

2,696

2,294

2,728

1,993

1,908

2,476

2,073

3,364

3,381

3,279

3,438

0

0

0

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

-

-

0

-

-

-

0

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Gain on sale of marketable securities

-

-

-

-

-

-

-

-

-

-

-

576

0

0

0

-

-

0

0

-

-

0

0

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Foreign currency gain (loss), net

-

-

-75

-

-

-

-42

-228

-334

-87

6

286

0

0

0

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other-than-temporary impairment loss on investments

2,304

3,209

2,814

2,000

2,000

788

788

1,559

2,813

2,024

2,024

2,755

0

0

0

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Realized gain

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other investment income (loss), net

-

-

105

-

-

-

-224

121

1,312

1,327

1,333

1,345

250

184

135

73

-18

0

0

-

0

-

-

-

0

-

-

-

0

0

0

-

-

-

-

-

-

-

-

Equity in income (loss) of associated company

-

-

-

-

-

-

-

-

-

-

-31

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Interest expense

5,117

5,076

3,743

3,427

0

0

0

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

1

1

1

0

0

0

Unrealized gain on interest rate swap

-

-

47

-

-

-

30

-66

0

0

0

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Gain on settlement of bankruptcy

0

0

0

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Gain on asset retirement obligation

-

-

-

-

-

-

-

-

-

0

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Bargain purchase acquisition gain

48

48

34

1,983

1,983

1,983

1,983

501

501

501

501

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Income (loss) from equity method investments

-666

-183

10

340

0

0

0

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other

0

0

-

-

0

0

-

-

-

-579

-657

-571

-400

-212

-144

-80

52

-1

-3

0

0

0

0

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Interest expense and other

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

-

0

0

-

-

-

-

-

-

-

-

-

Investment income, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

22

44

58

86

131

0

0

0

Nonoperating Income (Expense)

-3,407

-4,492

-1,808

-3,362

-2,685

-403

80

-1,593

-2,089

-588

-439

-1,118

-583

-703

-1,146

121

25

-31

-33

-1

13

14

31

26

8

12

10

1

0

2

8

22

43

56

85

130

0

0

0

Income (Loss) Before Income Taxes

6,465

3,525

4,864

4,702

1,909

2,878

4,716

2,651

2,461

5,050

5,746

-4,219

-7,309

-5,179

-1,138

6,153

10,510

0

0

-

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Income Taxes (Benefit)

0

0

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net income (Loss) from continuing operations

0

0

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Loss from discontinued operations, net of tax

0

0

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Gain/ (Loss) on sale of discontinued operations, net of tax

0

0

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Income Before Income Taxes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

-

2,709

2,305

2,729

1,993

1,910

2,485

2,096

0

0

0

-

-

-

-

Income Before Income Taxes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

3,568

0

0

0

Income Tax Expense (Benefit)

-

-

791

-

-

-

208

195

1,168

1,377

1,471

725

-319

1,030

2,356

2,395

2,303

1,494

560

931

1,956

1,606

1,141

1,192

1,072

1,089

914

1,060

706

677

886

746

1,373

1,384

1,357

1,431

0

0

0

Net income (loss)

14,178

11,502

4,073

3,199

1,000

2,603

4,508

2,456

1,293

3,673

4,275

-4,944

-6,990

-6,209

-3,495

3,757

6,952

0

0

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net income from continuing operations attributable to non-controlling interests

4,563

4,172

3,779

1,859

649

208

371

179

342

829

768

-1,730

-2,173

-2,898

-2,893

-655

-279

0

0

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

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

9,614

7,329

293

1,339

351

2,394

4,137

2,277

951

2,843

3,506

-3,213

-4,817

-3,311

-601

4,413

4,928

3,650

1,675

2,483

3,756

2,763

1,400

1,466

1,442

1,620

1,391

1,669

1,287

1,233

1,599

1,350

2,034

2,054

2,007

2,137

0

0

0

Loss from continuing operations per share (Note 6)
Basic (in dollars per share)

-0.07

-0.80

-

-

-0.77

-0.22

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Diluted (in dollars per share)

-0.07

-0.80

-

-

-0.77

-0.22

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Income (Loss) from discontinued operations per share (Note 6)
Basic (in dollars per share)

-0.07

2.69

-

-

-0.12

-0.21

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Diluted (in dollars per share)

-0.07

2.68

-

-

-0.12

-0.21

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

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

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

Basic (in dollars per share)

-0.14

-

0.79

-

-0.89

-

0.92

0.76

-0.33

0.21

0.47

-0.22

0.60

0.53

-2.42

-0.58

1.15

1.60

-0.31

-0.36

0.61

0.77

0.03

0.17

0.19

0.19

0.06

0.16

0.26

0.09

0.17

0.00

0.24

0.24

0.07

0.28

0.25

0.23

0.12

Diluted (in dollars per share)

-0.14

-

0.79

-

-0.89

-

0.92

0.76

-0.33

0.21

0.47

-0.22

0.60

0.53

-2.42

-0.57

1.14

1.58

-0.31

-0.37

0.61

0.77

0.03

0.17

0.19

0.18

0.06

0.16

0.26

0.09

0.17

0.00

0.24

0.24

0.07

0.29

0.24

0.22

0.12

Dividends Declared Per Share (in dollars per share)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0.00

0.00

0.00

0.30

0.00

0.00

0.00

0.25

0.00

0.00

0.00

0.25

0.00

0.00

0.00

0.33

Weighted Average Shares Outstanding:
Basic (in shares)

2,973

3,025

2,252

-1,034

3,042

3,066

3,065

2,042

2,042

2,042

2,042

2,042

2,042

2,042

2,372

2,372

2,372

2,372

2,372

2,370

2,357

2,355

2,355

2,355

2,408

2,446

2,446

2,446

2,446

2,446

2,446

2,446

2,446

2,446

2,436

2,431

2,431

2,431

2,431

Diluted (in shares)

2,973

3,029

2,256

-1,022

3,042

3,066

3,074

2,053

2,042

2,046

2,047

2,032

2,047

2,047

2,372

2,420

2,396

2,397

2,372

2,383

2,381

2,375

2,379

2,335

2,441

2,485

2,470

2,461

2,447

2,450

2,458

2,458

2,446

2,446

2,454

2,457

2,452

2,451

2,495

Overnight air cargo
Total

0

0

0

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Ground equipment sales
Total

0

0

0

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Ground support services
Total

-

-

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Printing equipment and maintenance
Total

0

0

0

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Commercial jet engines and parts
Total

0

0

0

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Corporate and other
Total

0

0

0

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Overnight Air Cargo [Member]
Operating Revenues

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Ground Equipment Sales [Member]
Operating Revenues

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Ground Support Services [Member]
Operating Revenues

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Commercial Jet Engines Inventory [Member]
Operating Revenues

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Printing Equipment and Maintenance [Member]
Operating Revenues

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Corporate and Other [Member]
Operating Revenues

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-