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10-Q/A Filing

AIR T INC CIK: 353184 Q2 2016
Filing Information
Form Type 10-Q/A
Accession Number 0001437749-17-017132
Period End Date 20160930
Filing Date 20171013
Fiscal Year 2016
Fiscal Period Q2
XBRL Instance airt-20160930.xml
Balance Sheet 116 line items
Line Item Tag Value Unit Period
Cash and cash equivalents (Delphax $166,593 and $249,528)** CashAndCashEquivalentsAtCarryingValue $13.39M USD Point-in-time
Cash and cash equivalents (Delphax $166,593 and $249,528)** CashAndCashEquivalentsAtCarryingValue $2.19M USD Point-in-time
Cash and cash equivalents (Delphax $166,593 and $249,528)** CashAndCashEquivalentsAtCarryingValue $5.35M USD Point-in-time
Cash and cash equivalents (Delphax $166,593 and $249,528)** CashAndCashEquivalentsAtCarryingValue $3.43M USD Point-in-time
Marketable securities MarketableSecuritiesCurrent $4.94M USD Point-in-time
Marketable securities MarketableSecuritiesCurrent $2.53M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $13.39M USD Point-in-time
Restricted cash RestrictedCashAndCashEquivalentsAtCarryingValue $820.65K USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $2.19M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $5.35M USD Point-in-time
Restricted cash RestrictedCashAndCashEquivalentsAtCarryingValue $824.06K USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $3.43M USD Point-in-time
Accounts receivable, less allowance for doubtful accounts of $469,000 and $426,000 (Delphax $1,384,514 and $1,433,495)** AccountsReceivableNetCurrent $12.30M USD Point-in-time
Inventories InventoryNet $12.27M USD Point-in-time
Accounts receivable, less allowance for doubtful accounts of $469,000 and $426,000 (Delphax $1,384,514 and $1,433,495)** AccountsReceivableNetCurrent $21.93M USD Point-in-time
Inventories InventoryNet $17.67M USD Point-in-time
Prepaid expenses and other PrepaidExpenseCurrent $1.67M USD Point-in-time
Prepaid expenses and other PrepaidExpenseCurrent $1.17M USD Point-in-time
Notes and other receivables-current AccountsNotesAndLoansReceivableNetCurrent $592.72K USD Point-in-time
Notes and other receivables-current AccountsNotesAndLoansReceivableNetCurrent $2.21M USD Point-in-time
Property and Equipment, Net PropertyPlantAndEquipmentNet $4.58M USD Point-in-time
Income tax receivable IncomeTaxesReceivable $1.11M USD Point-in-time
Property and Equipment, Net PropertyPlantAndEquipmentNet $4.90M USD Point-in-time
Income tax receivable IncomeTaxesReceivable $719.90K USD Point-in-time
Other assets OtherAssetsNoncurrent $317.53K USD Point-in-time
Inventories, net (Delphax $2,474,463 and $4,462,298)** InventoryNet $12.27M USD Point-in-time
Inventories, net (Delphax $2,474,463 and $4,462,298)** InventoryNet $17.67M USD Point-in-time
Other assets OtherAssetsNoncurrent $385.56K USD Point-in-time
Intangible Assets, Net IntangibleAssetsNetExcludingGoodwill $863.13K USD Point-in-time
Intangible Assets, Net IntangibleAssetsNetExcludingGoodwill $1.11M USD Point-in-time
Deferred income taxes DeferredTaxAssetsNetCurrent $291.00K USD Point-in-time
Deferred income taxes DeferredTaxAssetsNetCurrent $117.77K USD Point-in-time
Goodwill Goodwill $3.99M USD Point-in-time
Prepaid expenses and other (Delphax $444,868 and $1,034,204)** PrepaidExpenseCurrent $1.67M USD Point-in-time
Goodwill Goodwill $275.41K USD Point-in-time
Prepaid expenses and other (Delphax $444,868 and $1,034,204)** PrepaidExpenseCurrent $1.17M USD Point-in-time
Total Current Assets AssetsCurrent $49.75M USD Point-in-time
Accounts payable AccountsPayableCurrent $10.41M USD Point-in-time
Total Current Assets AssetsCurrent $38.96M USD Point-in-time
Accounts payable AccountsPayableCurrent $7.00M USD Point-in-time
Income tax payable AccruedIncomeTaxesCurrent - USD Point-in-time
Investments in Available-For-Sale Securities AvailableForSaleSecuritiesNoncurrent $4.71M USD Point-in-time
Income tax payable AccruedIncomeTaxesCurrent $11.31K USD Point-in-time
Investments in Available-For-Sale Securities AvailableForSaleSecuritiesNoncurrent $3.93M USD Point-in-time
Accrued expenses AccruedLiabilitiesCurrent $7.83M USD Point-in-time
Accrued expenses AccruedLiabilitiesCurrent $6.84M USD Point-in-time
Property and Equipment, Net (Delphax $20,553 and $625,684)*** PropertyPlantAndEquipmentNet $4.58M USD Point-in-time
Property and Equipment, Net (Delphax $20,553 and $625,684)*** PropertyPlantAndEquipmentNet $4.90M USD Point-in-time
Short-term debt ShortTermBorrowings $1.82M USD Point-in-time
Cash Surrender Value of Life Insurance Policies CashSurrenderValueOfLifeInsurance $2.10M USD Point-in-time
Short-term debt ShortTermBorrowings $1.86M USD Point-in-time
Cash Surrender Value of Life Insurance Policies CashSurrenderValueOfLifeInsurance $2.11M USD Point-in-time
Notes and Other Receivables - Long-term NotesAndLoansReceivableNetNoncurrent $104.00K USD Point-in-time
Notes and Other Receivables - Long-term NotesAndLoansReceivableNetNoncurrent - USD Point-in-time
Preferred stock, par value (in dollars per share) PreferredStockParOrStatedValuePerShare $1.00 USD Point-in-time
Preferred stock, par value (in dollars per share) PreferredStockParOrStatedValuePerShare $1.00 USD Point-in-time
Other Assets (Delphax $0 and $26,020)** OtherAssetsNoncurrent $317.53K USD Point-in-time
Preferred stock, authorized (in shares) PreferredStockSharesAuthorized 50,000.00 shares Point-in-time
Other Assets (Delphax $0 and $26,020)** OtherAssetsNoncurrent $385.56K USD Point-in-time
Preferred stock, authorized (in shares) PreferredStockSharesAuthorized 50,000.00 shares Point-in-time
Common stock, par value (in dollars per share) CommonStockParOrStatedValuePerShare $0.25 USD Point-in-time
Intangible Assets, Net (Delphax $0 and $1,109,112)** IntangibleAssetsNetExcludingGoodwill $863.13K USD Point-in-time
Intangible Assets, Net (Delphax $0 and $1,109,112)** IntangibleAssetsNetExcludingGoodwill $1.11M USD Point-in-time
Common stock, par value (in dollars per share) CommonStockParOrStatedValuePerShare $0.25 USD Point-in-time
Goodwill (Delphax $0 and $275,408)** Goodwill $3.99M USD Point-in-time
Goodwill (Delphax $0 and $275,408)** Goodwill $275.41K USD Point-in-time
Common stock, authorized (in shares) CommonStockSharesAuthorized 4.00M shares Point-in-time
Common stock, authorized (in shares) CommonStockSharesAuthorized 4.00M shares Point-in-time
Common stock, issued (in shares) CommonStockSharesIssued 2.37M shares Point-in-time
Common stock, issued (in shares) CommonStockSharesIssued 2.04M shares Point-in-time
Total Assets Assets $65.93M USD Point-in-time
Total Assets Assets $52.15M USD Point-in-time
Common stock, outstanding (in shares) CommonStockSharesOutstanding 2.04M shares Point-in-time
Common stock, outstanding (in shares) CommonStockSharesOutstanding 2.37M shares Point-in-time
Accounts payable (Delphax $2,563,403 and $1,684,802)** AccountsPayableCurrent $10.41M USD Point-in-time
Accounts payable (Delphax $2,563,403 and $1,684,802)** AccountsPayableCurrent $7.00M USD Point-in-time
Income tax payable (Delphax $11,312 and $11,312)** AccruedIncomeTaxesCurrent - USD Point-in-time
Income tax payable (Delphax $11,312 and $11,312)** AccruedIncomeTaxesCurrent $11.31K USD Point-in-time
Accrued expenses (Delphax $3,867,376 and $1,926,340)** AccruedLiabilitiesCurrent $7.83M USD Point-in-time
Accrued expenses (Delphax $3,867,376 and $1,926,340)** AccruedLiabilitiesCurrent $6.84M USD Point-in-time
Short-term debt (Delphax $1,815,185 and $1,859,300)** ShortTermBorrowings $1.82M USD Point-in-time
Short-term debt (Delphax $1,815,185 and $1,859,300)** ShortTermBorrowings $1.86M USD Point-in-time
Total Current Liabilities LiabilitiesCurrent $15.72M USD Point-in-time
Total Current Liabilities LiabilitiesCurrent $20.05M USD Point-in-time
Long-Term Debt LongTermLineOfCredit $4.83K USD Point-in-time
Long-Term Debt LongTermLineOfCredit $20.76M USD Point-in-time
Deferred Income Taxes DeferredTaxLiabilitiesNoncurrent $546.00K USD Point-in-time
Deferred Income Taxes DeferredTaxLiabilitiesNoncurrent $546.00K USD Point-in-time
Other Non-current Liabilities OtherLiabilitiesNoncurrent $2.93M USD Point-in-time
Other Non-current Liabilities OtherLiabilitiesNoncurrent $615.24K USD Point-in-time
Total Liabilities Liabilities $16.88M USD Point-in-time
Total Liabilities Liabilities $44.30M USD Point-in-time
Redeemable non-controlling interest RedeemableNoncontrollingInterestEquityCarryingAmount - USD Point-in-time
Redeemable non-controlling interest RedeemableNoncontrollingInterestEquityCarryingAmount $1.08M USD Point-in-time
Commitments and Contingencies (Notes 10 and 14) CommitmentsAndContingencies - USD Point-in-time
Commitments and Contingencies (Notes 10 and 14) CommitmentsAndContingencies - USD Point-in-time
Preferred stock, $1.00 par value, 50,000 shares authorized PreferredStockValue - USD Point-in-time
Preferred stock, $1.00 par value, 50,000 shares authorized PreferredStockValue - USD Point-in-time
Common stock, $.25 par value; 4,000,000 shares authorized, 2,042,789 shares issued and outstanding at September 30, 2016, 2,372,527 shares issued and outstanding at March 31, 2016 CommonStockValue $510.70K USD Point-in-time
Common stock, $.25 par value; 4,000,000 shares authorized, 2,042,789 shares issued and outstanding at September 30, 2016, 2,372,527 shares issued and outstanding at March 31, 2016 CommonStockValue $593.13K USD Point-in-time
Additional paid-in capital AdditionalPaidInCapital $4.27M USD Point-in-time
Additional paid-in capital AdditionalPaidInCapital $4.96M USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $28.82M USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $17.01M USD Point-in-time
Accumulated other comprehensive income (loss), net AccumulatedOtherComprehensiveIncomeLossNetOfTax $41.53K USD Point-in-time
Accumulated other comprehensive income (loss), net AccumulatedOtherComprehensiveIncomeLossNetOfTax $-140.52K USD Point-in-time
Total Air T, Inc. Stockholders' Equity StockholdersEquity $21.83M USD Point-in-time
Total Air T, Inc. Stockholders' Equity StockholdersEquity $34.23M USD Point-in-time
Non-controlling interests MinorityInterest $-1.27M USD Point-in-time
Non-controlling interests MinorityInterest $1.04M USD Point-in-time
Total Equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $35.27M USD Point-in-time
Total Equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $20.56M USD Point-in-time
Total Equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $29.80M USD Point-in-time
Total Equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $32.30M USD Point-in-time
Total Liabilities and Equity LiabilitiesAndStockholdersEquity $65.93M USD Point-in-time
Total Liabilities and Equity LiabilitiesAndStockholdersEquity $52.15M USD Point-in-time
Income Statement 116 line items
Line Item Tag Value Unit Period
Operating Revenues Revenues $67.01M USD 2 Qtrs
Operating Revenues Revenues $38.52M USD 1 Quarter
Operating Revenues Revenues $44.65M USD 1 Quarter
Operating Revenues Revenues $69.02M USD 2 Qtrs
Flight-air cargo FlightairCargo $9.40M USD 1 Quarter
Flight-air cargo FlightairCargo $19.00M USD 2 Qtrs
Flight-air cargo FlightairCargo $10.02M USD 1 Quarter
Flight-air cargo FlightairCargo $15.77M USD 2 Qtrs
Maintenance-air cargo MaintenanceairCargo $5.35M USD 1 Quarter
Maintenance-air cargo MaintenanceairCargo $10.56M USD 2 Qtrs
Maintenance-air cargo MaintenanceairCargo $5.26M USD 1 Quarter
Maintenance-air cargo MaintenanceairCargo $10.71M USD 2 Qtrs
Ground equipment sales GroundEquipmentExpense $18.60M USD 2 Qtrs
Ground equipment sales GroundEquipmentExpense $15.47M USD 1 Quarter
Ground equipment sales GroundEquipmentExpense $12.18M USD 2 Qtrs
Ground equipment sales GroundEquipmentExpense $8.76M USD 1 Quarter
Ground support services GroundSupportExpenses $5.76M USD 1 Quarter
Ground support services GroundSupportExpenses $9.78M USD 2 Qtrs
Ground support services GroundSupportExpenses $11.16M USD 2 Qtrs
Ground support services GroundSupportExpenses $5.06M USD 1 Quarter
Printing equipment and maintenance PrintingEquipmentAndMaintenanceExpense $1.12M USD 1 Quarter
Printing equipment and maintenance PrintingEquipmentAndMaintenanceExpense - USD 1 Quarter
Printing equipment and maintenance PrintingEquipmentAndMaintenanceExpense $7.12M USD 2 Qtrs
Printing equipment and maintenance PrintingEquipmentAndMaintenanceExpense - USD 2 Qtrs
Commercial jet engines CommercialJetEngineExpense - USD 1 Quarter
Commercial jet engines CommercialJetEngineExpense $787.54K USD 2 Qtrs
Commercial jet engines CommercialJetEngineExpense - USD 2 Qtrs
Commercial jet engines CommercialJetEngineExpense $787.54K USD 1 Quarter
Leasing LeasingExpense $49.46K USD 2 Qtrs
Leasing LeasingExpense $49.46K USD 1 Quarter
Leasing LeasingExpense - USD 2 Qtrs
Leasing LeasingExpense - USD 1 Quarter
Research and development ResearchAndDevelopmentExpense $750.88K USD 2 Qtrs
Research and development ResearchAndDevelopmentExpense $239.92K USD 1 Quarter
Research and development ResearchAndDevelopmentExpense - USD 1 Quarter
Research and development ResearchAndDevelopmentExpense - USD 2 Qtrs
General and administrative GeneralAndAdministrativeExpense $5.14M USD 1 Quarter
General and administrative GeneralAndAdministrativeExpense $7.47M USD 2 Qtrs
General and administrative GeneralAndAdministrativeExpense $3.66M USD 1 Quarter
General and administrative GeneralAndAdministrativeExpense $10.97M USD 2 Qtrs
Depreciation, amortization and impairment DepreciationAmortizationAndImpairment $192.50K USD 1 Quarter
Depreciation, amortization and impairment DepreciationAmortizationAndImpairment $2.34M USD 2 Qtrs
Depreciation, amortization and impairment DepreciationAmortizationAndImpairment $353.67K USD 1 Quarter
Depreciation, amortization and impairment DepreciationAmortizationAndImpairment $371.12K USD 2 Qtrs
Gain on sale of property and equipment GainLossOnDispositionOfAssets1 - USD 2 Qtrs
Gain on sale of property and equipment GainLossOnDispositionOfAssets1 - USD 1 Quarter
Gain on sale of property and equipment GainLossOnDispositionOfAssets1 $-5.38K USD 2 Qtrs
Gain on sale of property and equipment GainLossOnDispositionOfAssets1 $-10.40K USD 1 Quarter
OperatingExpenses OperatingExpenses $39.15M USD 1 Quarter
OperatingExpenses OperatingExpenses $37.50M USD 1 Quarter
OperatingExpenses OperatingExpenses $62.56M USD 2 Qtrs
OperatingExpenses OperatingExpenses $75.07M USD 2 Qtrs
Operating Income (Loss) OperatingIncomeLoss $4.46M USD 2 Qtrs
Operating Income (Loss) OperatingIncomeLoss $1.02M USD 1 Quarter
Operating Income (Loss) OperatingIncomeLoss $-6.05M USD 2 Qtrs
Operating Income (Loss) OperatingIncomeLoss $5.50M USD 1 Quarter
Gain on sale of marketable securities MarketableSecuritiesRealizedGainLossExcludingOtherThanTemporaryImpairments - USD 2 Qtrs
Gain on sale of marketable securities MarketableSecuritiesRealizedGainLossExcludingOtherThanTemporaryImpairments $572.95K USD 2 Qtrs
Gain on sale of marketable securities MarketableSecuritiesRealizedGainLossExcludingOtherThanTemporaryImpairments - USD 1 Quarter
Gain on sale of marketable securities MarketableSecuritiesRealizedGainLossExcludingOtherThanTemporaryImpairments $429.08K USD 1 Quarter
Foreign currency gain, net ForeignCurrencyTransactionGainLossBeforeTax - USD 1 Quarter
Foreign currency gain, net ForeignCurrencyTransactionGainLossBeforeTax $124.89K USD 2 Qtrs
Foreign currency gain, net ForeignCurrencyTransactionGainLossBeforeTax - USD 2 Qtrs
Foreign currency gain, net ForeignCurrencyTransactionGainLossBeforeTax $33.10K USD 1 Quarter
Other-than-temporary impairment loss on investments ImpairmentOfInvestments - USD 1 Quarter
Other-than-temporary impairment loss on investments ImpairmentOfInvestments - USD 1 Quarter
Other-than-temporary impairment loss on investments ImpairmentOfInvestments - USD 2 Qtrs
Other-than-temporary impairment loss on investments ImpairmentOfInvestments $1.50M USD 2 Qtrs
Other investment income, net InvestmentIncomeNet - USD 1 Quarter
Other investment income, net InvestmentIncomeNet $48.27K USD 1 Quarter
Other investment income, net InvestmentIncomeNet - USD 2 Qtrs
Other investment income, net InvestmentIncomeNet $90.96K USD 2 Qtrs
Interest expense and other OtherNonoperatingIncomeExpense $-141.38K USD 2 Qtrs
Interest expense and other OtherNonoperatingIncomeExpense $-77.37K USD 1 Quarter
Interest expense and other OtherNonoperatingIncomeExpense $-29.63K USD 2 Qtrs
Interest expense and other OtherNonoperatingIncomeExpense $-9.69K USD 1 Quarter
NonoperatingIncomeExpense NonoperatingIncomeExpense $-9.69K USD 1 Quarter
NonoperatingIncomeExpense NonoperatingIncomeExpense $433.07K USD 1 Quarter
NonoperatingIncomeExpense NonoperatingIncomeExpense $-29.63K USD 2 Qtrs
NonoperatingIncomeExpense NonoperatingIncomeExpense $-854.82K USD 2 Qtrs
Income (Loss) Before Income Taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $1.45M USD 1 Quarter
Income (Loss) Before Income Taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $-6.91M USD 2 Qtrs
Income (Loss) Before Income Taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $5.49M USD 1 Quarter
Income (Loss) Before Income Taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $4.43M USD 2 Qtrs
Income Taxes IncomeTaxExpenseBenefit $3.00K USD 2 Qtrs
Income Taxes IncomeTaxExpenseBenefit $375.00K USD 1 Quarter
Income Taxes IncomeTaxExpenseBenefit $1.37M USD 2 Qtrs
Income Taxes IncomeTaxExpenseBenefit $1.70M USD 1 Quarter
Net Income (Loss) ProfitLoss $3.79M USD 1 Quarter
Net Income (Loss) ProfitLoss $1.08M USD 1 Quarter
Net Income (Loss) ProfitLoss $-6.91M USD 2 Qtrs
Net Income (Loss) ProfitLoss $3.06M USD 2 Qtrs
Net (Income) Loss Attributable to Non-controlling Interests NetIncomeLossAttributableToNoncontrollingInterest - USD 1 Quarter
Net (Income) Loss Attributable to Non-controlling Interests NetIncomeLossAttributableToNoncontrollingInterest - USD 2 Qtrs
Net (Income) Loss Attributable to Non-controlling Interests NetIncomeLossAttributableToNoncontrollingInterest $-2.24M USD 2 Qtrs
Net (Income) Loss Attributable to Non-controlling Interests NetIncomeLossAttributableToNoncontrollingInterest $-4.29K USD 1 Quarter
Net Income (Loss) Attributable to Air T, Inc. Stockholders NetIncomeLoss $3.79M USD 1 Quarter
Net Income (Loss) Attributable to Air T, Inc. Stockholders NetIncomeLoss $-4.67M USD 2 Qtrs
Net Income (Loss) Attributable to Air T, Inc. Stockholders NetIncomeLoss $1.08M USD 1 Quarter
Net Income (Loss) Attributable to Air T, Inc. Stockholders NetIncomeLoss $3.06M USD 2 Qtrs
Basic (in dollars per share) EarningsPerShareBasic $1.60 USD 1 Quarter
Basic (in dollars per share) EarningsPerShareBasic $1.29 USD 2 Qtrs
Basic (in dollars per share) EarningsPerShareBasic $0.53 USD 1 Quarter
Basic (in dollars per share) EarningsPerShareBasic $-2.11 USD 2 Qtrs
Diluted (in dollars per share) EarningsPerShareDiluted $0.53 USD 1 Quarter
Diluted (in dollars per share) EarningsPerShareDiluted $1.58 USD 1 Quarter
Diluted (in dollars per share) EarningsPerShareDiluted $-2.11 USD 2 Qtrs
Diluted (in dollars per share) EarningsPerShareDiluted $1.28 USD 2 Qtrs
Basic (in shares) WeightedAverageNumberOfSharesOutstandingBasic 2.21M shares 2 Qtrs
Basic (in shares) WeightedAverageNumberOfSharesOutstandingBasic 2.37M shares 2 Qtrs
Basic (in shares) WeightedAverageNumberOfSharesOutstandingBasic 2.37M shares 1 Quarter
Basic (in shares) WeightedAverageNumberOfSharesOutstandingBasic 2.04M shares 1 Quarter
Diluted (in shares) WeightedAverageNumberOfDilutedSharesOutstanding 2.05M shares 1 Quarter
Diluted (in shares) WeightedAverageNumberOfDilutedSharesOutstanding 2.21M shares 2 Qtrs
Diluted (in shares) WeightedAverageNumberOfDilutedSharesOutstanding 2.40M shares 2 Qtrs
Diluted (in shares) WeightedAverageNumberOfDilutedSharesOutstanding 2.40M shares 1 Quarter
Cash Flow Statement 93 line items
Line Item Tag Value Unit Period
Net income (loss) ProfitLoss $3.79M USD 1 Quarter
Net income (loss) ProfitLoss $1.08M USD 1 Quarter
Net income (loss) ProfitLoss $-6.91M USD 2 Qtrs
Net income (loss) ProfitLoss $3.06M USD 2 Qtrs
Gain on sale of marketable securities MarketableSecuritiesRealizedGainLossExcludingOtherThanTemporaryImpairments - USD 2 Qtrs
Gain on sale of marketable securities MarketableSecuritiesRealizedGainLossExcludingOtherThanTemporaryImpairments $572.95K USD 2 Qtrs
Gain on sale of marketable securities MarketableSecuritiesRealizedGainLossExcludingOtherThanTemporaryImpairments - USD 1 Quarter
Gain on sale of marketable securities MarketableSecuritiesRealizedGainLossExcludingOtherThanTemporaryImpairments $429.08K USD 1 Quarter
Gain on sale of property and equipment GainLossOnDispositionOfAssets1 - USD 2 Qtrs
Gain on sale of property and equipment GainLossOnDispositionOfAssets1 - USD 1 Quarter
Gain on sale of property and equipment GainLossOnDispositionOfAssets1 $-5.38K USD 2 Qtrs
Gain on sale of property and equipment GainLossOnDispositionOfAssets1 $-10.40K USD 1 Quarter
Change in accounts receivable and inventory reserves IncreaseDecreaseInLiabilityForClaimsAndClaimsAdjustmentExpenseReserve $2.48M USD 2 Qtrs
Change in accounts receivable and inventory reserves IncreaseDecreaseInLiabilityForClaimsAndClaimsAdjustmentExpenseReserve $-61.62K USD 2 Qtrs
Depreciation, amortization and impairment DepreciationAmortizationAndImpairment $192.50K USD 1 Quarter
Depreciation, amortization and impairment DepreciationAmortizationAndImpairment $2.34M USD 2 Qtrs
Depreciation, amortization and impairment DepreciationAmortizationAndImpairment $353.67K USD 1 Quarter
Depreciation, amortization and impairment DepreciationAmortizationAndImpairment $371.12K USD 2 Qtrs
Change in cash surrender value of life insurance IncreaseDecreaseInInsuranceAssets $14.57K USD 2 Qtrs
Change in cash surrender value of life insurance IncreaseDecreaseInInsuranceAssets $12.37K USD 2 Qtrs
Warranty reserve. ProductWarrantyAccrualPeriodIncreaseDecrease $-28.25K USD 2 Qtrs
Warranty reserve. ProductWarrantyAccrualPeriodIncreaseDecrease $-83.00K USD 2 Qtrs
Other-than-temporary impairment loss on investments OtherThanTemporaryImpairmentLossesInvestmentsPortionRecognizedInEarningsNet $1.50M USD 2 Qtrs
Other-than-temporary impairment loss on investments OtherThanTemporaryImpairmentLossesInvestmentsPortionRecognizedInEarningsNet - USD 2 Qtrs
Other-than-temporary impairment loss on investments OtherThanTemporaryImpairmentLossesInvestmentsPortionRecognizedInEarningsNet - USD 1 Quarter
Accounts receivable IncreaseDecreaseInAccountsReceivable $8.33M USD 2 Qtrs
Accounts receivable IncreaseDecreaseInAccountsReceivable $8.36M USD 2 Qtrs
Notes receivable and other non-trade receivables IncreaseDecreaseInReceivables $-111.27K USD 2 Qtrs
Notes receivable and other non-trade receivables IncreaseDecreaseInReceivables $1.56M USD 2 Qtrs
Inventories IncreaseDecreaseInInventories $3.21M USD 2 Qtrs
Inventories IncreaseDecreaseInInventories $6.08M USD 2 Qtrs
Prepaid expenses and other assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets $-115.06K USD 2 Qtrs
Prepaid expenses and other assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets $-487.46K USD 2 Qtrs
Accounts payable IncreaseDecreaseInAccountsPayable $3.00M USD 2 Qtrs
Accounts payable IncreaseDecreaseInAccountsPayable $3.02M USD 2 Qtrs
Accrued expenses IncreaseDecreaseInAccruedLiabilities $-58.76K USD 2 Qtrs
Accrued expenses IncreaseDecreaseInAccruedLiabilities $797.29K USD 2 Qtrs
Income taxes payable/ receivable IncreaseDecreaseInIncomeTaxesReceivable $397.33K USD 2 Qtrs
Income taxes payable/ receivable IncreaseDecreaseInIncomeTaxesReceivable $-1.10M USD 2 Qtrs
Non-current liabilities IncreaseDecreaseInOtherNoncurrentLiabilities - USD 2 Qtrs
Non-current liabilities IncreaseDecreaseInOtherNoncurrentLiabilities $-442.87K USD 2 Qtrs
Total adjustments AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities $-7.04M USD 2 Qtrs
Total adjustments AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities $-6.84M USD 2 Qtrs
Net cash used in operating activities NetCashProvidedByUsedInOperatingActivitiesContinuingOperations $-13.75M USD 2 Qtrs
Net cash used in operating activities NetCashProvidedByUsedInOperatingActivitiesContinuingOperations $-3.98M USD 2 Qtrs
Purchases of marketable securities PaymentsToAcquireMarketableSecurities $1.86M USD 2 Qtrs
Purchases of marketable securities PaymentsToAcquireMarketableSecurities $2.51M USD 2 Qtrs
Proceeds from sale of marketable securities ProceedsFromSaleAndMaturityOfMarketableSecurities $5.25M USD 2 Qtrs
Proceeds from sale of marketable securities ProceedsFromSaleAndMaturityOfMarketableSecurities - USD 2 Qtrs
Net cash flow from business combination PaymentsToAcquireBusinessesNetOfCashAcquired - USD 2 Qtrs
Net cash flow from business combination PaymentsToAcquireBusinessesNetOfCashAcquired $4.03M USD 2 Qtrs
Capital expenditures PaymentsToAcquirePropertyPlantAndEquipment $293.94K USD 1 Quarter
Capital expenditures PaymentsToAcquirePropertyPlantAndEquipment $391.47K USD 1 Quarter
Capital expenditures PaymentsToAcquirePropertyPlantAndEquipment $513.43K USD 2 Qtrs
Capital expenditures PaymentsToAcquirePropertyPlantAndEquipment $911.04K USD 2 Qtrs
Proceeds from sale of property and equipment ProceedsFromSaleOfPropertyPlantAndEquipment $10.74K USD 2 Qtrs
Proceeds from sale of property and equipment ProceedsFromSaleOfPropertyPlantAndEquipment $19.16K USD 2 Qtrs
Increase in restricted cash IncreaseDecreaseInRestrictedCash $3.32K USD 2 Qtrs
Increase in restricted cash IncreaseDecreaseInRestrictedCash $3.41K USD 2 Qtrs
Net cash used in investing activities NetCashProvidedByUsedInInvestingActivitiesContinuingOperations $-2.36M USD 2 Qtrs
Net cash used in investing activities NetCashProvidedByUsedInInvestingActivitiesContinuingOperations $-2.19M USD 2 Qtrs
Proceeds from line of credit ProceedsFromLinesOfCredit $40.37M USD 2 Qtrs
Proceeds from line of credit ProceedsFromLinesOfCredit $14.29M USD 2 Qtrs
Payment on line of credit RepaymentsOfLinesOfCredit $19.61M USD 2 Qtrs
Payment on line of credit RepaymentsOfLinesOfCredit $17.91M USD 2 Qtrs
Repurchase of common stock PaymentsForRepurchaseOfCommonStock $7.92M USD 2 Qtrs
Repurchase of common stock PaymentsForRepurchaseOfCommonStock - USD 2 Qtrs
Net cash provided by (used in) financing activities NetCashProvidedByUsedInFinancingActivitiesContinuingOperations $-3.62M USD 2 Qtrs
Net cash provided by (used in) financing activities NetCashProvidedByUsedInFinancingActivitiesContinuingOperations $12.80M USD 2 Qtrs
Effect of foreign currency exchange rates on cash and cash equivalents EffectOfExchangeRateOnCashAndCashEquivalents - USD 2 Qtrs
Effect of foreign currency exchange rates on cash and cash equivalents EffectOfExchangeRateOnCashAndCashEquivalents $-7.39K USD 2 Qtrs
NET DECREASE IN CASH AND CASH EQUIVALENTS CashAndCashEquivalentsPeriodIncreaseDecrease $-3.15M USD 2 Qtrs
NET DECREASE IN CASH AND CASH EQUIVALENTS CashAndCashEquivalentsPeriodIncreaseDecrease $-9.96M USD 2 Qtrs
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD CashAndCashEquivalentsAtCarryingValue $13.39M USD Point-in-time
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD CashAndCashEquivalentsAtCarryingValue $2.19M USD Point-in-time
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD CashAndCashEquivalentsAtCarryingValue $5.35M USD Point-in-time
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD CashAndCashEquivalentsAtCarryingValue $3.43M USD Point-in-time
CASH AND CASH EQUIVALENTS AT END OF PERIOD CashAndCashEquivalentsAtCarryingValue $13.39M USD Point-in-time
CASH AND CASH EQUIVALENTS AT END OF PERIOD CashAndCashEquivalentsAtCarryingValue $2.19M USD Point-in-time
CASH AND CASH EQUIVALENTS AT END OF PERIOD CashAndCashEquivalentsAtCarryingValue $5.35M USD Point-in-time
CASH AND CASH EQUIVALENTS AT END OF PERIOD CashAndCashEquivalentsAtCarryingValue $3.43M USD Point-in-time
Finished goods inventory transferred to equipment leased to customers NoncashOrPartNoncashAcquisitionFixedAssetsAcquired1 $321.35K USD 2 Qtrs
Finished goods inventory transferred to equipment leased to customers NoncashOrPartNoncashAcquisitionFixedAssetsAcquired1 $1.14M USD 2 Qtrs
Change in fair value of marketable securities ChangeInFairValueOfMarketableSecurities $-1.02M USD 2 Qtrs
Change in fair value of marketable securities ChangeInFairValueOfMarketableSecurities $-866.43K USD 2 Qtrs
Non-controlling interest in acquired business NoncashOrPartNoncashAcquisitionNoncontrolllingInterestAcquired - USD 2 Qtrs
Non-controlling interest in acquired business NoncashOrPartNoncashAcquisitionNoncontrolllingInterestAcquired $1.07M USD 2 Qtrs
Acquired business earnout contract LiabilitiesAssumed1 - USD 2 Qtrs
Acquired business earnout contract LiabilitiesAssumed1 $2.90M USD 2 Qtrs
Interest InterestPaid $61.77K USD 2 Qtrs
Interest InterestPaid $45.12K USD 2 Qtrs
Income taxes IncomeTaxesPaid $400.33K USD 2 Qtrs
Income taxes IncomeTaxesPaid $267.13K USD 2 Qtrs
Stockholders Equity 20 line items
Line Item Tag Value Unit Period
Balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $35.27M USD Point-in-time
Balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $20.56M USD Point-in-time
Balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $29.80M USD Point-in-time
Balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $32.30M USD Point-in-time
Balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $35.27M USD Point-in-time
Balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $20.56M USD Point-in-time
Balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $29.80M USD Point-in-time
Balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $32.30M USD Point-in-time
Repurchase of common stock StockRepurchasedAndRetiredDuringPeriodValue $7.92M USD 2 Qtrs
Net income ProfitLoss $3.79M USD 1 Quarter
Net income ProfitLoss $1.08M USD 1 Quarter
Net income ProfitLoss $-6.91M USD 2 Qtrs
Net income ProfitLoss $3.06M USD 2 Qtrs
Net loss NetIncomeLossIncludingPortionAttributableToNonredeemableNoncontrollingInterest $-6.92M USD 2 Qtrs
Net change from marketable securities, net of tax OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax $309.31K USD 2 Qtrs
Net change from marketable securities, net of tax OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax $-554.51K USD 2 Qtrs
Foreign currency translation loss OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax - USD 2 Qtrs
Foreign currency translation loss OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax $-39.63K USD 1 Quarter
Foreign currency translation loss OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax - USD 1 Quarter
Foreign currency translation loss OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax $-189.94K USD 2 Qtrs
Comprehensive Income 48 line items
Line Item Tag Value Unit Period
Net income (loss) ProfitLoss $3.79M USD 1 Quarter
Net income (loss) ProfitLoss $1.08M USD 1 Quarter
Net income (loss) ProfitLoss $-6.91M USD 2 Qtrs
Net income (loss) ProfitLoss $3.06M USD 2 Qtrs
Foreign currency translation loss OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax - USD 2 Qtrs
Foreign currency translation loss OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax $-39.63K USD 1 Quarter
Foreign currency translation loss OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax - USD 1 Quarter
Foreign currency translation loss OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax $-189.94K USD 2 Qtrs
Unrealized net gains (losses) on marketable securities OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax $-866.43K USD 2 Qtrs
Unrealized net gains (losses) on marketable securities OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax $534.61K USD 1 Quarter
Unrealized net gains (losses) on marketable securities OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax $-446.75K USD 2 Qtrs
Unrealized net gains (losses) on marketable securities OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax $-427.13K USD 1 Quarter
Tax effect of net unrealized (gains) losses on marketable securities OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax $-160.83K USD 2 Qtrs
Tax effect of net unrealized (gains) losses on marketable securities OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax $-311.92K USD 2 Qtrs
Tax effect of net unrealized (gains) losses on marketable securities OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax $-153.77K USD 1 Quarter
Tax effect of net unrealized (gains) losses on marketable securities OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax $192.46K USD 1 Quarter
Total unrealized net gain (loss) on marketable securities, net of tax OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax $342.15K USD 1 Quarter
Total unrealized net gain (loss) on marketable securities, net of tax OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax $-554.51K USD 2 Qtrs
Total unrealized net gain (loss) on marketable securities, net of tax OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax $-285.92K USD 2 Qtrs
Total unrealized net gain (loss) on marketable securities, net of tax OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax $-273.36K USD 1 Quarter
Reclassification of other-than-temporary impairment losses on marketable securities included in net loss, net of losses (gains) on sale of marketable securities OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentBeforeTaxPortionAttributableToParent - USD 1 Quarter
Reclassification of other-than-temporary impairment losses on marketable securities included in net loss, net of losses (gains) on sale of marketable securities OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentBeforeTaxPortionAttributableToParent $-429.08K USD 1 Quarter
Reclassification of other-than-temporary impairment losses on marketable securities included in net loss, net of losses (gains) on sale of marketable securities OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentBeforeTaxPortionAttributableToParent - USD 2 Qtrs
Reclassification of other-than-temporary impairment losses on marketable securities included in net loss, net of losses (gains) on sale of marketable securities OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentBeforeTaxPortionAttributableToParent $929.29K USD 2 Qtrs
Tax effect of reclassification OtherComprehensiveIncomeLossAvailableForSaleSecuritiesTax $-154.95K USD 1 Quarter
Tax effect of reclassification OtherComprehensiveIncomeLossAvailableForSaleSecuritiesTax $334.06K USD 2 Qtrs
Tax effect of reclassification OtherComprehensiveIncomeLossAvailableForSaleSecuritiesTax - USD 2 Qtrs
Tax effect of reclassification OtherComprehensiveIncomeLossAvailableForSaleSecuritiesTax - USD 1 Quarter
Reclassification adjustment, net of tax OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent $-274.12K USD 1 Quarter
Reclassification adjustment, net of tax OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent - USD 1 Quarter
Reclassification adjustment, net of tax OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent - USD 2 Qtrs
Reclassification adjustment, net of tax OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent $595.23K USD 2 Qtrs
Total Other Comprehensive Income (Loss) OtherComprehensiveIncomeLossNetOfTax $28.40K USD 1 Quarter
Total Other Comprehensive Income (Loss) OtherComprehensiveIncomeLossNetOfTax $-554.51K USD 2 Qtrs
Total Other Comprehensive Income (Loss) OtherComprehensiveIncomeLossNetOfTax $119.37K USD 2 Qtrs
Total Other Comprehensive Income (Loss) OtherComprehensiveIncomeLossNetOfTax $-273.36K USD 1 Quarter
Total Comprehensive Income (Loss) ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest $1.11M USD 1 Quarter
Total Comprehensive Income (Loss) ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest $3.52M USD 1 Quarter
Total Comprehensive Income (Loss) ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest $-6.79M USD 2 Qtrs
Total Comprehensive Income (Loss) ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest $2.50M USD 2 Qtrs
Comprehensive Loss Attributable to Non-controlling Interests ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest - USD 2 Qtrs
Comprehensive Loss Attributable to Non-controlling Interests ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest $-17.36K USD 1 Quarter
Comprehensive Loss Attributable to Non-controlling Interests ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest $-2.30M USD 2 Qtrs
Comprehensive Loss Attributable to Non-controlling Interests ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest - USD 1 Quarter
Comprehensive Income (Loss) Attributable to Air T, Inc. Stockholders ComprehensiveIncomeNetOfTax $2.50M USD 2 Qtrs
Comprehensive Income (Loss) Attributable to Air T, Inc. Stockholders ComprehensiveIncomeNetOfTax $-4.49M USD 2 Qtrs
Comprehensive Income (Loss) Attributable to Air T, Inc. Stockholders ComprehensiveIncomeNetOfTax $1.13M USD 1 Quarter
Comprehensive Income (Loss) Attributable to Air T, Inc. Stockholders ComprehensiveIncomeNetOfTax $3.52M USD 1 Quarter

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.

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