Air T, Inc.: 10-Q filed 2019-02-14

Name: Air T, Inc.: 10-Q filed 2019-02-14
Creator: Air T, Inc.

What Air T, Inc. reported in its quarterly report filed 2019-02-14 (fiscal Q3 2019): 50 published measures, 135 facts as tagged in accession 0001437749-19-002635.

This filing

Form: 10-Q (quarterly report)
Filed: 2019-02-14
Fiscal period: fiscal Q3 2019
Accession: 0001437749-19-002635 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 2018-12-31	116,903,386	USD
At 2018-03-31	97,146,886	USD

Total liabilities

Recognized obligations at the reporting date. The definition and scope differ from interest-bearing debt.

Period	Value	Unit	Days
At 2018-12-31	91,587,857	USD
At 2018-03-31	70,910,863	USD

Stockholders equity

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

Period	Value	Unit	Days
At 2018-12-31	23,275,584	USD
At 2018-03-31	25,117,851	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	Days
At 2018-12-31	2,729,249	USD
At 2018-03-31	4,803,238	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
2018-10-01 to 2018-12-31	-2,714,951	USD	92
2018-04-01 to 2018-12-31	-1,207,443	USD	275
2017-10-01 to 2017-12-31	-671,939	USD	92
2017-04-01 to 2017-12-31	718,151	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
2018-04-01 to 2018-12-31	1,274,707	USD	275
2017-04-01 to 2017-12-31	8,300,230	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
2018-04-01 to 2018-12-31	1,010,330	USD	275
2017-04-01 to 2017-12-31	1,655,551	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
2018-10-01 to 2018-12-31	63,622,671	USD	92
2018-04-01 to 2018-12-31	173,830,917	USD	275
2017-10-01 to 2017-12-31	44,501,246	USD	92
2017-04-01 to 2017-12-31	141,060,109	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
2018-04-01 to 2018-12-31	19,920,725	USD	275
2017-04-01 to 2017-12-31	15,532,751	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
2018-04-01 to 2018-12-31	-22,745,638	USD	275
2017-04-01 to 2017-12-31	-18,614,628	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 2018-12-31	18,694,300	USD
At 2018-03-31	20,695,981	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
2018-10-01 to 2018-12-31	2,028,194	shares	92
2018-04-01 to 2018-12-31	2,038,523	shares	275
2017-10-01 to 2017-12-31	2,042,789	shares	92
2017-04-01 to 2017-12-31	2,042,789	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
2018-10-01 to 2018-12-31	2,028,194	shares	92
2018-04-01 to 2018-12-31	2,038,523	shares	275
2017-10-01 to 2017-12-31	2,042,789	shares	92
2017-04-01 to 2017-12-31	2,047,547	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
2018-10-01 to 2018-12-31	-1.34	USD/shares	92
2018-04-01 to 2018-12-31	-0.59	USD/shares	275
2017-10-01 to 2017-12-31	-0.33	USD/shares	92
2017-04-01 to 2017-12-31	0.35	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
2018-10-01 to 2018-12-31	-1.34	USD/shares	92
2018-04-01 to 2018-12-31	-0.59	USD/shares	275
2017-10-01 to 2017-12-31	-0.33	USD/shares	92
2017-04-01 to 2017-12-31	0.35	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
2018-10-01 to 2018-12-31	174,000	USD	92
2018-04-01 to 2018-12-31	168,000	USD	275
2018-03-31 to 2018-12-31	168,000	USD	276
2017-10-01 to 2017-12-31	-60,000	USD	92
2017-04-01 to 2017-12-31	595,000	USD	275
2017-03-31 to 2017-12-31	595,000	USD	276

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 2018-12-31	4,904,741	USD
At 2018-03-31	4,608,565	USD

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
2018-10-01 to 2018-12-31	1,464,963	USD	92
2018-04-01 to 2018-12-31	2,448,664	USD	275
2017-10-01 to 2017-12-31	551,680	USD	92
2017-04-01 to 2017-12-31	3,239,906	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 2018-12-31	71,616,212	USD
At 2018-03-31	61,671,108	USD

Interest expense

Borrowing costs recognized as interest expense. This is distinct from cash interest paid and may not include every capitalized borrowing cost.

Period	Value	Unit	Days
2018-10-01 to 2018-12-31	1,186,349	USD	92
2018-04-01 to 2018-12-31	2,607,639	USD	275
2017-10-01 to 2017-12-31	538,459	USD	92
2017-04-01 to 2017-12-31	1,010,177	USD	275

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 2018-12-31	56,572,672	USD
At 2018-03-31	31,177,806	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 2018-12-31	10,960,852	USD
At 2018-03-31	10,181,143	USD

Goodwill carrying amount

Recognized goodwill remaining after accumulated impairment. It arises from business combinations and does not measure the current value of the company’s brand.

Period	Value	Unit	Days
At 2018-12-31	4,417,605	USD
At 2018-03-31	4,417,605	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 2018-12-31	17,881,122	USD
At 2018-03-31	15,157,855	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
2018-04-01 to 2018-12-31	693,136	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
2018-10-01 to 2018-12-31	62,157,708	USD	92
2018-04-01 to 2018-12-31	171,382,253	USD	275
2017-10-01 to 2017-12-31	43,949,566	USD	92
2017-04-01 to 2017-12-31	137,820,203	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 2018-12-31	39,585,915	USD
At 2018-03-31	34,231,005	USD

Research and development expense

Research and development costs recognized as expense. Capitalization policies and acquired projects can make this differ from total cash invested in development.

Period	Value	Unit	Days
2017-04-01 to 2017-12-31	195,653	USD	275

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 2018-12-31	2,024,331	shares
At 2018-03-31	2,043,607	shares

Additional paid-in capital

Capital contributed above par value under this concept. It records historical contributions, not the current value of the equity or cash on hand.

Period	Value	Unit	Days
At 2018-12-31	4,195,484	USD
At 2018-03-31	4,171,869	USD

Accumulated other comprehensive income or loss

Cumulative other comprehensive items after tax, such as translation and unrealized hedging or securities effects. These amounts have not passed through net income.

Period	Value	Unit	Days
At 2018-12-31	-120,284	USD
At 2018-03-31	-260,900	USD

Total equity including noncontrolling interests

Equity including the portion attributable to noncontrolling interests. It is larger than or equal to parent stockholders equity and is not market capitalization.

Period	Value	Unit
At 2018-12-31	22,317,368	USD
At 2018-09-30	25,766,145	USD
At 2018-06-30	27,073,179	USD
At 2018-03-31	24,243,084	USD
At 2017-12-31	23,146,036	USD
At 2017-09-30	23,372,503	USD
At 2017-06-30	23,163,814	USD
At 2017-03-31	22,162,394	USD

Long-term debt

Long-term borrowings under this concept, which can include the current portion depending on presentation. It is not total liabilities and may exclude leases and other obligations.

Period	Value	Unit	Days
At 2018-12-31	66,799,116	USD
At 2018-03-31	48,084,950	USD

Accumulated depreciation on property, plant and equipment

Cumulative depreciation, depletion and amortization recorded against property, plant and equipment. It measures cost allocation to date, not physical wear or market value.

Period	Value	Unit	Days
At 2018-12-31	5,356,017	USD
At 2018-03-31	4,722,016	USD

Net intangible assets excluding goodwill

Intangible assets other than goodwill after amortization and impairment. Internally developed intangibles are usually not recognized, so this understates what a company relies on.

Period	Value	Unit	Days
At 2018-12-31	1,271,688	USD
At 2018-03-31	1,312,472	USD

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 2018-12-31	598,006	USD
At 2018-03-31	420,981	USD

Other noncurrent liabilities

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

Period	Value	Unit	Days
At 2018-12-31	1,012,234	USD
At 2018-03-31	785,797	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 2018-12-31	12,151,574	USD
At 2018-03-31	11,743,973	USD

Pre-tax income or loss from continuing operations

Income or loss from continuing operations before income taxes and noncontrolling interests. It excludes discontinued operations and is not net income.

Period	Value	Unit	Days
2018-10-01 to 2018-12-31	-2,142,866	USD	92
2018-04-01 to 2018-12-31	-293,746	USD	275
2017-10-01 to 2017-12-31	-774,441	USD	92
2017-04-01 to 2017-12-31	1,588,906	USD	275

Profit or loss including noncontrolling interests

Net income or loss including the portion attributable to noncontrolling interests. It can differ from the net income attributable to the parent that per-share figures use.

Period	Value	Unit	Days
2018-10-01 to 2018-12-31	-2,316,866	USD	92
2018-04-01 to 2018-12-31	-461,746	USD	275
2017-10-01 to 2017-12-31	-714,441	USD	92
2017-04-01 to 2017-12-31	993,906	USD	275

Comprehensive income or loss

Net income plus other comprehensive income after tax. It includes unrealized items that net income excludes and is not a cash measure.

Period	Value	Unit	Days
2018-10-01 to 2018-12-31	-2,764,559	USD	92
2018-04-01 to 2018-12-31	-1,173,173	USD	275
2017-10-01 to 2017-12-31	-153,987	USD	92
2017-04-01 to 2017-12-31	1,047,778	USD	275

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
2018-10-01 to 2018-12-31	10,373,194	USD	92
2018-04-01 to 2018-12-31	28,028,050	USD	275
2017-10-01 to 2017-12-31	7,252,381	USD	92
2017-04-01 to 2017-12-31	21,114,626	USD	275

Depreciation, depletion and amortization

Combined depreciation, depletion and amortization for the period. A noncash allocation of asset cost, not a measure of maintenance spending.

Period	Value	Unit	Days
2018-04-01 to 2018-12-31	5,554,904	USD	275
2017-04-01 to 2017-12-31	1,522,998	USD	275

Other nonoperating income or expense

Other income or expense outside operations under this concept. The composition is filer-specific and can include one-time items.

Period	Value	Unit	Days
2018-10-01 to 2018-12-31	-102,406	USD	92
2018-04-01 to 2018-12-31	-74,720	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
2018-10-01 to 2018-12-31	-3,607,829	USD	92
2018-04-01 to 2018-12-31	-2,742,410	USD	275
2017-10-01 to 2017-12-31	-1,326,121	USD	92
2017-04-01 to 2017-12-31	-1,651,000	USD	275

Deferred income tax expense or benefit

The deferred portion of income tax expense or benefit, arising from timing differences. It is not tax paid in the period.

Period	Value	Unit	Days
2017-04-01 to 2017-12-31	-102,566	USD	275

Interest paid, net

Cash interest paid during the period, net of amounts capitalized where the filer reports it that way. It differs from interest expense recognized.

Period	Value	Unit	Days
2018-04-01 to 2018-12-31	2,084,085	USD	275
2017-04-01 to 2017-12-31	690,859	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
2018-04-01 to 2018-12-31	718,690	USD	275
2017-04-01 to 2017-12-31	-3,011,203	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
2018-04-01 to 2018-12-31	75,059	USD	275
2017-04-01 to 2017-12-31	-4,223,445	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
2018-04-01 to 2018-12-31	-506,587	USD	275
2017-04-01 to 2017-12-31	-2,294,265	USD	275

Inspect the source

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

Current SEC company facts · Download the original response snapshot (gzip) · Download the selected JSON

Every published concept a filing tagged, with the periods it covered, as reported in that filing at capture time. Forms 10-K, 10-K/A, 10-Q, 10-Q/A, 20-F, 20-F/A, 40-F, 40-F/A. A filing page needs at least 8 published concepts. Later filings can restate these values; the company history pages show the latest-filed value per period.

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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"])))