Air T, Inc.: 10-Q filed 2014-02-10

Name: Air T, Inc.: 10-Q filed 2014-02-10
Creator: Air T, Inc.

What Air T, Inc. reported in its quarterly report filed 2014-02-10 (fiscal Q3 2013): 33 published measures, 93 facts as tagged in accession 0000353184-14-000003.

This filing

Form: 10-Q (quarterly report)
Filed: 2014-02-10
Fiscal period: fiscal Q3 2013
Accession: 0000353184-14-000003 on SEC EDGAR

Values are as tagged in this filing. A later filing can restate them; each measure links to its history page, which shows the latest-filed value per period. All Air T, Inc. filings.

Reported measures

Total assets

Resources recognized on the balance sheet. Book assets are not the market value of the business.

Period	Value	Unit	Days
At 2013-12-31	36,520,316	USD
At 2013-03-31	36,054,590	USD

Stockholders equity

The reported residual interest after liabilities. It is an accounting amount, not market capitalization.

Period	Value	Unit
At 2013-12-31	27,182,094	USD
At 2013-03-31	28,124,219	USD
At 2012-12-31	27,725,564	USD
At 2012-03-31	27,052,930	USD

Cash and cash equivalents

Cash and qualifying short-term liquid investments under the filer’s accounting policy. Restricted cash and longer-term investments may be reported separately.

Period	Value	Unit
At 2013-12-31	6,872,582	USD
At 2013-03-31	9,197,492	USD
At 2012-12-31	9,538,029	USD
At 2012-03-31	5,814,184	USD

Net income or loss

Reported profit or loss for the period. Check the filing for attribution, exceptional items and discontinued operations before comparing companies.

Period	Value	Unit	Days
2013-10-01 to 2013-12-31	454,897	USD	92
2013-04-01 to 2013-12-31	1,049,518	USD	275
2012-10-01 to 2012-12-31	632,760	USD	92
2012-04-01 to 2012-12-31	1,277,205	USD	275

Operating cash flow

Cash generated or used by operating activities. Working-capital timing can make this differ substantially from reported income.

Period	Value	Unit	Days
2013-04-01 to 2013-12-31	87,060	USD	275
2012-04-01 to 2012-12-31	-4,619,929	USD	275

Capital expenditure payments

Cash payments to acquire property, plant and equipment. This taxonomy concept does not capture every form of investment or acquisition.

Period	Value	Unit	Days
2013-10-01 to 2013-12-31	123,248	USD	92
2013-04-01 to 2013-12-31	267,523	USD	275
2012-10-01 to 2012-12-31	71,907	USD	92
2012-04-01 to 2012-12-31	292,513	USD	275

Revenue

Revenue under this specific accounting concept. A missing value is not zero; filers can use other revenue concepts.

Period	Value	Unit	Days
2013-10-01 to 2013-12-31	29,834,600	USD	92
2013-04-01 to 2013-12-31	75,304,746	USD	275
2012-10-01 to 2012-12-31	26,703,268	USD	92
2012-04-01 to 2012-12-31	72,353,493	USD	275

Financing cash flow

Net cash from financing activities, including borrowing, repayments and transactions with owners. A positive amount does not establish operating profitability.

Period	Value	Unit	Days
2013-04-01 to 2013-12-31	-2,009,467	USD	275
2012-04-01 to 2012-12-31	-611,571	USD	275

Investing cash flow

Net cash from investing activities, including asset purchases, disposals and investment transactions. This differs from capital expenditure payments alone.

Period	Value	Unit	Days
2013-04-01 to 2013-12-31	-228,383	USD	275
2012-04-01 to 2012-12-31	-284,513	USD	275

Retained earnings or deficit

Accumulated undistributed earnings or deficit at the reporting date. This balance is not cash available for distribution.

Period	Value	Unit	Days
At 2013-12-31	21,506,870	USD
At 2013-03-31	21,191,237	USD

Basic weighted-average shares

Time-weighted shares used for basic earnings per share. This denominator differs from shares outstanding at a single reporting date.

Period	Value	Unit	Days
2013-10-01 to 2013-12-31	2,408,198	shares	92
2013-04-01 to 2013-12-31	2,433,544	shares	275
2012-10-01 to 2012-12-31	2,446,286	shares	92
2012-04-01 to 2012-12-31	2,446,286	shares	275

Diluted weighted-average shares

Weighted-average shares used for diluted earnings per share. Potential shares are included under the applicable dilution rules, not simply added to outstanding shares.

Period	Value	Unit	Days
2013-10-01 to 2013-12-31	2,441,569	shares	92
2013-04-01 to 2013-12-31	2,458,040	shares	275
2012-10-01 to 2012-12-31	2,447,349	shares	92
2012-04-01 to 2012-12-31	2,450,837	shares	275

Basic earnings per share

Reported earnings or loss per basic common share or unit. Inspect attribution, share classes and restatements before comparing periods. This is not a market return.

Period	Value	Unit	Days
2013-10-01 to 2013-12-31	0.19	USD/shares	92
2013-04-01 to 2013-12-31	0.43	USD/shares	275
2012-10-01 to 2012-12-31	0.26	USD/shares	92
2012-04-01 to 2012-12-31	0.52	USD/shares	275

Diluted earnings per share

Reported earnings or loss per share under dilution rules. Antidilutive instruments may be excluded. A diluted value can equal the basic value without implying no potential dilution.

Period	Value	Unit	Days
2013-10-01 to 2013-12-31	0.19	USD/shares	92
2013-04-01 to 2013-12-31	0.43	USD/shares	275
2012-10-01 to 2012-12-31	0.26	USD/shares	92
2012-04-01 to 2012-12-31	0.52	USD/shares	275

Income tax expense or benefit

Current and deferred income tax expense or benefit for continuing operations. This accounting expense differs from cash taxes paid.

Period	Value	Unit	Days
2013-10-01 to 2013-12-31	340,000	USD	92
2013-04-01 to 2013-12-31	730,000	USD	275
2012-10-01 to 2012-12-31	357,000	USD	92
2012-04-01 to 2012-12-31	718,000	USD	275

Net property, plant and equipment

Carrying amount of property, plant and equipment after accumulated depreciation, depletion and amortization. It is not replacement cost or market value.

Period	Value	Unit	Days
At 2013-12-31	3,973,859	USD
At 2013-03-31	3,472,539	USD

Share-based compensation expense

Reported noncash expense for share-based payment arrangements. Noncash treatment does not mean the awards have no economic cost to shareholders.

Period	Value	Unit	Days
2013-04-01 to 2013-12-31	17,824	USD	275
2012-04-01 to 2012-12-31	7,000	USD	275

Operating income or loss

Operating revenue less operating expenses for the reporting period. It excludes items outside the reported operating result and is not free cash flow.

Period	Value	Unit	Days
2013-10-01 to 2013-12-31	795,670	USD	92
2013-04-01 to 2013-12-31	1,768,620	USD	275
2012-10-01 to 2012-12-31	986,542	USD	92
2012-04-01 to 2012-12-31	1,991,146	USD	275

Current assets

Assets classified as current under the normal operating cycle or one-year boundary. Not all current assets can be converted immediately into cash.

Period	Value	Unit	Days
At 2013-12-31	30,516,650	USD
At 2013-03-31	30,528,320	USD

Current liabilities

Obligations classified as current under the operating-cycle or one-year boundary. The balance includes more than short-term borrowing.

Period	Value	Unit	Days
At 2013-12-31	9,269,222	USD
At 2013-03-31	7,861,371	USD

Current accounts payable

Current amounts owed to suppliers for goods and services received. This is one component of current liabilities, not all accrued obligations.

Period	Value	Unit	Days
At 2013-12-31	6,202,385	USD
At 2013-03-31	5,741,371	USD

Net current accounts receivable

Current customer receivables after the allowance for credit loss. The balance is not cash collected or a guarantee of collection.

Period	Value	Unit	Days
At 2013-12-31	10,019,366	USD
At 2013-03-31	11,687,515	USD

Common-stock repurchase payments

Cash paid to reacquire common stock during the period. This is not an authorization limit or a direct measure of the net change in share count.

Period	Value	Unit	Days
2013-04-01 to 2013-12-31	1,078,217	USD	275

Operating expenses

Recurring operating costs under this accounting concept, generally excluding production costs included in cost of sales. Check filing presentation before combining expense subtotals.

Period	Value	Unit	Days
2013-10-01 to 2013-12-31	29,038,930	USD	92
2013-04-01 to 2013-12-31	73,536,126	USD	275
2012-10-01 to 2012-12-31	25,716,726	USD	92
2012-04-01 to 2012-12-31	70,362,347	USD	275

Net inventory

Inventory carrying amount after applicable valuation and LIFO reserves. It does not establish realizable selling proceeds or inventory turnover without other inputs.

Period	Value	Unit	Days
At 2013-12-31	11,775,327	USD
At 2013-03-31	8,181,700	USD

Common shares outstanding

Common shares outstanding at the reporting date. This point-in-time count differs from the weighted-average shares used for earnings per share and can exclude other share classes.

Period	Value	Unit	Days
At 2013-12-31	2,355,028	shares
At 2013-03-31	2,446,286	shares

Other noncurrent assets

Noncurrent assets the filer does not present separately. The composition differs by filer and is described only in the filing.

Period	Value	Unit	Days
At 2013-12-31	120,428	USD
At 2013-03-31	114,270	USD

Accrued current liabilities

Current obligations accrued for goods and services received but not yet invoiced or paid. This is one component of current liabilities, not all short-term obligations.

Period	Value	Unit	Days
At 2013-12-31	3,066,837	USD
At 2013-03-31	2,120,000	USD

General and administrative expense

General and administrative costs reported under this concept, separate from selling expense. Filers group overhead differently, so compare presentation before comparing companies.

Period	Value	Unit	Days
2013-10-01 to 2013-12-31	3,775,264	USD	92
2013-04-01 to 2013-12-31	9,543,520	USD	275
2012-10-01 to 2012-12-31	2,935,399	USD	92
2012-04-01 to 2012-12-31	8,325,090	USD	275

Nonoperating income or expense

Total nonoperating income or expense, which can include interest, investment results and other items. A positive value is not operating profit.

Period	Value	Unit	Days
2013-10-01 to 2013-12-31	-773	USD	92
2013-04-01 to 2013-12-31	10,898	USD	275
2012-10-01 to 2012-12-31	3,218	USD	92
2012-04-01 to 2012-12-31	4,059	USD	275

Change in accounts receivable

The cash flow adjustment for the change in receivables during the period. A positive value under this concept means receivables grew and reduced operating cash flow.

Period	Value	Unit	Days
2013-04-01 to 2013-12-31	-1,611,563	USD	275
2012-04-01 to 2012-12-31	-450,284	USD	275

Change in inventories

The cash flow adjustment for the change in inventories during the period. A positive value under this concept means inventory grew and reduced operating cash flow.

Period	Value	Unit	Days
2013-04-01 to 2013-12-31	4,430,352	USD	275
2012-04-01 to 2012-12-31	-1,044,841	USD	275

Change in accounts payable

The cash flow adjustment for the change in payables during the period. A positive value under this concept means payables grew and added to operating cash flow.

Period	Value	Unit	Days
2013-04-01 to 2013-12-31	461,014	USD	275
2012-04-01 to 2012-12-31	-190,899	USD	275

Inspect the source

Entity: Air T, Inc. / CIK 0000353184
Captured: 2026-09-19T14:57:14.758Z
SEC response SHA-256: e5a6e4e2c7cb824730128b3d61afc51f908574fc554f8350b2f32dc294e3d5a6

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import json
from urllib.request import urlopen

with urlopen("https://canlicapital.com/company-data/0000353184.json") as response:
    record = json.load(response)
print(record["fetched_at"])
print(record["policy"])
for concept in record["concepts"]:
    print(concept["tag"], next(iter(concept["observations"])))