Air T, Inc.: 10-Q filed 2019-08-14
What Air T, Inc. reported in its quarterly report filed 2019-08-14 (fiscal Q1 2020): 50 published measures, 111 facts as tagged in accession 0001628280-19-010749.
This filing
- Form
- 10-Q (quarterly report)
- Filed
- 2019-08-14
- Fiscal period
- fiscal Q1 2020
- Accession
- 0001628280-19-010749 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 2019-06-30 | 133,650,942 | USD | |
| At 2019-03-31 | 115,142,137 | USD |
Total liabilities
Recognized obligations at the reporting date. The definition and scope differ from interest-bearing debt.
| Period | Value | Unit | Days |
|---|---|---|---|
| At 2019-06-30 | 105,978,135 | USD | |
| At 2019-03-31 | 86,308,373 | USD |
Stockholders equity
The reported residual interest after liabilities. It is an accounting amount, not market capitalization.
| Period | Value | Unit | Days |
|---|---|---|---|
| At 2019-06-30 | 19,941,880 | USD | |
| At 2019-03-31 | 24,358,392 | 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 2019-06-30 | 16,196,626 | USD | |
| At 2019-03-31 | 12,524,321 | 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 |
|---|---|---|---|
| 2019-04-01 to 2019-06-30 | 1,782,352 | USD | 91 |
| 2018-04-01 to 2019-03-31 | 1,339,995 | USD | 365 |
| 2018-04-01 to 2018-06-30 | 2,828,694 | USD | 91 |
| 2017-04-01 to 2018-03-31 | 2,277,109 | USD | 365 |
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 |
|---|---|---|---|
| 2019-04-01 to 2019-06-30 | 5,387,556 | USD | 91 |
| 2018-04-01 to 2018-06-30 | 14,716,934 | USD | 91 |
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 |
|---|---|---|---|
| 2019-04-01 to 2019-06-30 | 297,967 | USD | 91 |
| 2018-04-01 to 2018-06-30 | 459,575 | USD | 91 |
Revenue
Revenue under this specific accounting concept. A missing value is not zero; filers can use other revenue concepts.
| Period | Value | Unit | Days |
|---|---|---|---|
| 2019-04-01 to 2019-06-30 | 55,704,535 | USD | 91 |
| 2018-04-01 to 2018-06-30 | 60,867,469 | USD | 91 |
Contract revenue excluding tax
Revenue from customer contracts excluding assessed taxes under this specific taxonomy concept. It is not automatically comparable to older revenue tags.
| Period | Value | Unit | Days |
|---|---|---|---|
| 2019-04-01 to 2019-06-30 | 55,704,535 | USD | 91 |
| 2018-04-01 to 2018-06-30 | 60,867,469 | USD | 91 |
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 |
|---|---|---|---|
| 2019-04-01 to 2019-06-30 | 2,008,195 | USD | 91 |
| 2018-04-01 to 2018-06-30 | -7,309,902 | USD | 91 |
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 |
|---|---|---|---|
| 2019-04-01 to 2019-06-30 | -3,780,514 | USD | 91 |
| 2018-04-01 to 2018-06-30 | -6,716,648 | USD | 91 |
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 2019-06-30 | 17,970,387 | USD | |
| At 2019-03-31 | 21,191,126 | 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 |
|---|---|---|---|
| 2019-04-01 to 2019-06-30 | 2,252,698 | shares | 91 |
| 2018-04-01 to 2019-03-31 | 3,052,124 | shares | 365 |
| 2018-04-01 to 2018-06-30 | 3,065,411 | shares | 91 |
| 2017-04-01 to 2018-03-31 | 3,064,209 | shares | 365 |
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 |
|---|---|---|---|
| 2019-04-01 to 2019-06-30 | 2,256,868 | shares | 91 |
| 2018-04-01 to 2019-03-31 | 3,059,838 | shares | 365 |
| 2018-04-01 to 2018-06-30 | 3,074,547 | shares | 91 |
| 2017-04-01 to 2018-03-31 | 3,071,528 | shares | 365 |
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 |
|---|---|---|---|
| 2019-04-01 to 2019-06-30 | 0.79 | USD/shares | 91 |
| 2018-04-01 to 2019-03-31 | 0.44 | USD/shares | 365 |
| 2018-04-01 to 2018-06-30 | 0.92 | USD/shares | 91 |
| 2017-04-01 to 2018-03-31 | 0.74 | USD/shares | 365 |
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 |
|---|---|---|---|
| 2019-04-01 to 2019-06-30 | 0.79 | USD/shares | 91 |
| 2018-04-01 to 2019-03-31 | 0.44 | USD/shares | 365 |
| 2018-04-01 to 2018-06-30 | 0.92 | USD/shares | 91 |
| 2017-04-01 to 2018-03-31 | 0.74 | USD/shares | 365 |
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 |
|---|---|---|---|
| 2019-04-01 to 2019-06-30 | -324,000 | USD | 91 |
| 2018-04-01 to 2018-06-30 | 387,000 | USD | 91 |
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 2019-06-30 | 4,752,051 | USD | |
| At 2019-03-31 | 4,817,912 | 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 |
|---|---|---|---|
| 2019-04-01 to 2019-06-30 | 1,211,699 | USD | 91 |
| 2018-04-01 to 2018-06-30 | 2,603,702 | USD | 91 |
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 2019-06-30 | 88,916,032 | USD | |
| At 2019-03-31 | 71,348,113 | 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 |
|---|---|---|---|
| 2019-04-01 to 2019-06-30 | 1,023,622 | USD | 91 |
| 2018-04-01 to 2018-06-30 | 707,199 | USD | 91 |
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 2019-06-30 | 60,391,189 | USD | |
| At 2019-03-31 | 52,794,010 | 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 2019-06-30 | 13,296,498 | USD | |
| At 2019-03-31 | 12,552,724 | 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 2019-06-30 | 4,417,605 | USD | |
| At 2019-03-31 | 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 2019-06-30 | 23,723,077 | USD | |
| At 2019-03-31 | 19,077,248 | 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 |
|---|---|---|---|
| 2019-04-01 to 2019-06-30 | 126,317 | USD | 91 |
| 2018-04-01 to 2018-06-30 | 0 | USD | 91 |
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 |
|---|---|---|---|
| 2019-04-01 to 2019-06-30 | 54,492,836 | USD | 91 |
| 2018-04-01 to 2018-06-30 | 58,263,767 | USD | 91 |
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 2019-06-30 | 36,528,777 | USD | |
| At 2019-03-31 | 29,967,037 | 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 2019-06-30 | 3,015,087 | shares | |
| At 2019-03-31 | 2,022,637 | 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 2019-06-30 | 1,629,202 | USD | |
| At 2019-03-31 | 2,866,695 | 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 2019-06-30 | -411,479 | USD | |
| At 2019-03-31 | -205,086 | 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 | Days |
|---|---|---|---|
| At 2019-06-30 | 20,987,807 | USD | |
| At 2019-03-31 | 23,357,764 | USD | |
| At 2018-06-30 | 27,073,179 | USD | |
| At 2018-03-31 | 24,243,084 | USD |
Operating lease right-of-use asset
Carrying amount of the right to use leased assets under operating leases. It reflects discounted remaining payments, not the value of the underlying property.
| Period | Value | Unit | Days |
|---|---|---|---|
| At 2019-06-30 | 10,071,405 | USD | |
| At 2019-03-31 | 0 | USD |
Operating lease liability
Present value of remaining operating lease payments. Discount-rate choices and lease terms affect the amount; it is not the sum of undiscounted future rent.
| Period | Value | Unit | Days |
|---|---|---|---|
| At 2019-06-30 | 10,558,383 | 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 2019-06-30 | 64,060,061 | USD | |
| At 2019-03-31 | 57,652,989 | 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 2019-06-30 | 5,977,699 | USD | |
| At 2019-03-31 | 5,665,498 | 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 2019-06-30 | 1,161,111 | USD | |
| At 2019-03-31 | 1,225,257 | 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 2019-06-30 | 297,507 | USD | |
| At 2019-03-31 | 491,328 | 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 2019-06-30 | 1,229,495 | USD | |
| At 2019-03-31 | 596,598 | USD |
Prepaid expenses and other current assets
Prepayments and other current assets grouped under this concept. The balance is not cash and its composition differs by filer.
| Period | Value | Unit | Days |
|---|---|---|---|
| At 2019-06-30 | 1,795,614 | USD | |
| At 2019-03-31 | 1,880,126 | 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 |
|---|---|---|---|
| 2019-04-01 to 2019-06-30 | 3,831,659 | USD | 91 |
| 2018-04-01 to 2018-06-30 | 3,669,111 | USD | 91 |
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 |
|---|---|---|---|
| 2019-04-01 to 2019-06-30 | 4,155,659 | USD | 91 |
| 2018-04-01 to 2018-06-30 | 3,282,111 | USD | 91 |
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 |
|---|---|---|---|
| 2019-04-01 to 2019-06-30 | 1,575,959 | USD | 91 |
| 2018-04-01 to 2018-06-30 | 2,859,202 | USD | 91 |
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 |
|---|---|---|---|
| 2019-04-01 to 2019-06-30 | 10,919,320 | USD | 91 |
| 2018-04-01 to 2018-06-30 | 8,584,803 | USD | 91 |
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 |
|---|---|---|---|
| 2019-04-01 to 2019-06-30 | 2,033,286 | USD | 91 |
| 2018-04-01 to 2018-06-30 | 1,495,401 | USD | 91 |
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 |
|---|---|---|---|
| 2019-04-01 to 2019-06-30 | 2,619,960 | USD | 91 |
| 2018-04-01 to 2018-06-30 | 1,065,409 | USD | 91 |
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 |
|---|---|---|---|
| 2019-04-01 to 2019-06-30 | 678,610 | USD | 91 |
| 2018-04-01 to 2018-06-30 | 629,264 | USD | 91 |
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 |
|---|---|---|---|
| 2019-04-01 to 2019-06-30 | 4,254,064 | USD | 91 |
| 2018-04-01 to 2018-06-30 | -29,564 | USD | 91 |
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 |
|---|---|---|---|
| 2019-04-01 to 2019-06-30 | -2,374,836 | USD | 91 |
| 2018-04-01 to 2018-06-30 | -11,319,597 | USD | 91 |
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 |
|---|---|---|---|
| 2019-04-01 to 2019-06-30 | 2,801,237 | USD | 91 |
| 2018-04-01 to 2018-06-30 | 3,942,185 | USD | 91 |
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
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