Air T, Inc. (AIRTP)

Import this data to Google Sheets with:

=jivedata("AIRTP","financials")

Full statements spill as a table. For one cell: =jivedata("AIRTP","Revenue") or =jivedata("AIRTP","Revenue","TTM"). Install the Jive Data add-on, then paste into a cell.

Air T, Inc.

AIRTP • CIK 0000353184

(in thousands, except per share data)	FY 2024	FY 2025	FY 2026	TTM
Operating Income (Loss)	$1,264	$1,908	$-11,197	$-24,468
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest	$-3,955	$-4,988	$86,020	$71,790
Income Tax Expense (Benefit)	$729	$423	$1,369	$2,165
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest	$-4,684	$-5,411	$84,651	$69,625
Net Income (Loss) Attributable to Noncontrolling Interest	$2,135	$729	$6,668	$5,815
Net Income (Loss) Attributable to Parent	$-6,819	$-6,140	$77,983	$63,810
Revenue from Contract with Customer, Excluding Assessed Tax	—	$291,850	$327,090	$371,681
General and Administrative Expense	$51,096	$57,848	$80,840	$95,457
Depreciation, Depletion and Amortization, Nonproduction	$2,798	$4,356	$12,340	$20,941
Business Combination, Contingent Consideration Arrangements, Change in Amount of Contingent Consideration, Liability	—	$435	$-666	$-264
Operating Expenses	$285,570	—	$345,321	$403,585
InterestExpenseNonoperating	—	$8,387	$12,040	$13,085
Income (Loss) from Equity Method Investments	$1,689	$1,700	$-1,740	$1,494
Business Combination, Bargain Purchase, Gain Recognized, Amount	—	—	$111,190	$111,190
Other Nonoperating Income (Expense)	$8	$-209	$-193	$-625
Nonoperating Income (Expense)	$-5,219	$-6,896	$97,217	$96,258
Weighted Average Number of Shares Outstanding, Basic	2,816,000	2,750,000	2,703,000	2,696,000

(in thousands, except per share data)	FY 2024	FY 2025	FY 2026	TTM
Finance Lease, Right-of-Use Asset, after Accumulated Amortization	$252	$14,662	$0	$0
Property, Plant and Equipment, Net	$20,861	$20,285	$162,024	$175,185
Intangible Assets, Net (Excluding Goodwill)	$10,978	$10,020	$13,029	$57,083
Operating Lease, Right-of-Use Asset	$11,376	$13,274	$14,594	$17,380
Equity Method Investments	$16,653	$19,003	$26,068	$27,858
Goodwill	$10,540	$10,542	$11,818	$19,592
Other Assets, Noncurrent	$3,630	$1,635	$7,568	$5,285
Assets	$177,167	$173,778	$409,123	$469,063
Long-term Line of Credit, Noncurrent	$98,568	—	—	$237,290
Deferred Income Tax Liabilities, Net	$2,447	$2,249	$3,359	$9,329
Operating Lease, Liability, Noncurrent	$10,515	$11,843	$12,189	$14,553
Other Liabilities, Noncurrent	$0	$866	$2,023	$1,651
Liabilities	$158,371	$168,242	$317,902	$385,905
Redeemable Noncontrolling Interest, Equity, Carrying Amount	$12,976	$7,054	$10,346	$16,291
Cash and Cash Equivalents, at Carrying Value	$7,100	$5,932	$20,332	$16,667
Marketable Securities, Current	—	$422	$1,026	$1,247
Restricted Cash, Current	—	$575	$4,938	$4,987
Restricted Investments, Current	$1,392	$683	$0	$0
Accounts Receivable, after Allowance for Credit Loss, Current	$22,911	$23,917	$39,889	$33,304
Income Taxes Receivable, Current	—	$681	$196	$676
Inventory, Net	$60,720	$38,516	$77,127	$90,056
Prepaid Expense, Current	$2,351	$3,103	$8,851	$6,710
Other Assets, Current	—	$4,498	$7,617	$4,475
Assets, Current	$102,877	$78,507	$159,976	$158,122
Accounts Payable, Current	$15,072	$17,782	$36,971	$41,017
Taxes Payable, Current	—	—	$687	$687
Accrued Liabilities, Current	$15,511	$16,691	$49,717	$55,766
Line of Credit, Current	$14,358	—	—	$14,358
Operating Lease, Liability, Current	$1,761	$2,377	$3,403	$3,888
Liabilities, Current	$46,841	$47,661	$95,524	$110,694
Stockholders' Equity Attributable to Noncontrolling Interest	$1,050	$1,698	$1,065	$1,667
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest	$5,820	$-1,518	$80,875	$66,867
Preferred Stock, Value, Issued	$0	$0	$0	$0
Common Stock, Value, Issued	$758	$758	$758	$758
Treasury Stock, Common, Value	$4,959	$6,404	$6,432	$6,648
Additional Paid in Capital	$859	$947	$1,122	$1,687
Retained Earnings (Accumulated Deficit)	$8,192	$2,130	$80,113	$64,304
Accumulated Other Comprehensive Income (Loss), Net of Tax	$-80	$-647	$4,249	$5,099
Stockholders' Equity Attributable to Parent	$4,770	$-3,216	$79,810	$65,200
Accounts Receivable, Allowance for Credit Loss, Current	$1,420	$1,338	$1,614	$1,706
Finance Lease, Right-of-Use Asset, Accumulated Amortization	$8	$1,451	$60	$60
Accumulated Depreciation, Depletion and Amortization, Property, Plant, and Equipment	$7,705	$9,240	$18,571	$27,446
Finite-Lived Intangible Assets, Accumulated Amortization	$5,119	$6,330	$8,046	$8,667
Preferred Stock, Shares Authorized	2,000,000	2,000,000	4,000,000	4,000,000
Common Stock, Shares Authorized	4,000,000	4,000,000	4,000,000	4,000,000
Common Stock, Shares, Issued	3,030,245	3,030,245	3,030,245	3,030,245
Common Stock, Shares, Outstanding	2,775,163	2,702,639	2,701,375	2,691,664
Treasury Stock, Common, Shares	256,850	327,606	328,870	338,581

(in thousands, except per share data)	FY 2024	FY 2025	FY 2026	TTM
Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents	$-16	$408	$-39	$1,191
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect	$753	$-1,086	$18,513	$6,431
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents	$7,843	$6,757	$25,270	$31,701
Cash and Cash Equivalents, at Carrying Value	$7,100	$5,932	$20,332	$22,539
Restricted Cash, Current	—	$575	$4,938	$9,412
Restricted Cash, Noncurrent	—	$250	$250	$250
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest	$-4,684	$-5,411	$84,651	$69,625
Net Cash Provided by (Used in) Operating Activities	$17,178	$23,496	$-25,044	$-26,779
Payments to Acquire Interest in Subsidiaries and Affiliates	$4,633	$7,027	$15,249	$22,034
Proceeds from Divestiture of Interest in Subsidiaries and Affiliates	$3,192	$6,030	$5,441	$7,757
Payments to Acquire Property, Plant, and Equipment	$1,076	$1,081	$16,483	$37,575
Proceeds from Sale of Flight Equipment	—	—	$19,889	$19,889
Proceeds from Collection of Notes Receivable	—	—	$2,540	$2,540
Payments to Acquire Businesses, Net of Cash Acquired	$0	—	$6,710	$24,707
Payments for (Proceeds from) Other Investing Activities	$-18	$-237	$495	$429
Net Cash Provided by (Used in) Investing Activities	$-2,499	$-20,189	$-21,803	$-63,102
Proceeds from Lines of Credit	$124,249	$136,515	$144,976	$164,400
Repayments of Lines of Credit	$141,956	$131,376	$135,527	$140,939
Proceeds from Issuance of Long-term Debt	$24,850	$24,877	$76,320	$80,470
Repayments of Long-term Debt	$28,341	$35,040	—	—
Proceeds from Issuance of Trust Preferred Securities	$8,780	$910	$3,101	$3,856
Payments for Repurchase of Common Stock	—	$1,445	$28	$28
Payments to Noncontrolling Interests	—	—	$3,685	$3,685
Proceeds from (Payments for) Other Financing Activities	$-1,492	$758	$-714	$-601
Net Cash Provided by (Used in) Financing Activities	$-13,910	$-4,801	$65,399	$95,121
Operating Lease, Payments	$2,351	$2,260	$3,664	$3,664
Income Taxes Paid	$917	$983	$850	$850
Depreciation, Depletion and Amortization	$2,798	$4,356	$12,340	$20,941
Income (Loss) from Equity Method Investments	$1,689	$1,700	$-1,740	$1,494
Business Combination, Bargain Purchase, Gain Recognized, Amount	—	—	$111,190	$111,190
Other Noncash Income (Expense)	$-1,294	$-2,369	$-4,813	$-5,266
Increase (Decrease) in Accounts Receivable	$-4,047	$1,808	$3,347	$-4,095
Increase (Decrease) in Inventories	$-9,103	$-20,630	$24,091	$35,552
Increase (Decrease) in Accounts Payable	$4,623	$2,710	$16,341	$19,211
Increase (Decrease) in Accrued Liabilities	$2,378	$1,087	$5,761	$3,503
Increase (Decrease) in Other Current Assets	—	—	$2,851	$-3,566
Increase (Decrease) in Other Operating Assets and Liabilities, Net	$2,827	$200	$2,177	$-2,240

Jive Data

Google Sheets add-onSheets Account

Import this data to Google Sheets with:

=jivedata("AIRTP","financials")

Full statements spill as a table. For one cell: =jivedata("AIRTP","Revenue") or =jivedata("AIRTP","Revenue","TTM"). Install the Jive Data add-on, then paste into a cell.

Air T, Inc.

AIRTP • CIK 0000353184

(in thousands, except per share data)	FY 2024	FY 2025	FY 2026	TTM
Operating Income (Loss)	$1,264	$1,908	$-11,197	$-24,468
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest	$-3,955	$-4,988	$86,020	$71,790
Income Tax Expense (Benefit)	$729	$423	$1,369	$2,165
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest	$-4,684	$-5,411	$84,651	$69,625
Net Income (Loss) Attributable to Noncontrolling Interest	$2,135	$729	$6,668	$5,815
Net Income (Loss) Attributable to Parent	$-6,819	$-6,140	$77,983	$63,810
Revenue from Contract with Customer, Excluding Assessed Tax	—	$291,850	$327,090	$371,681
General and Administrative Expense	$51,096	$57,848	$80,840	$95,457
Depreciation, Depletion and Amortization, Nonproduction	$2,798	$4,356	$12,340	$20,941
Business Combination, Contingent Consideration Arrangements, Change in Amount of Contingent Consideration, Liability	—	$435	$-666	$-264
Operating Expenses	$285,570	—	$345,321	$403,585
InterestExpenseNonoperating	—	$8,387	$12,040	$13,085
Income (Loss) from Equity Method Investments	$1,689	$1,700	$-1,740	$1,494
Business Combination, Bargain Purchase, Gain Recognized, Amount	—	—	$111,190	$111,190
Other Nonoperating Income (Expense)	$8	$-209	$-193	$-625
Nonoperating Income (Expense)	$-5,219	$-6,896	$97,217	$96,258
Weighted Average Number of Shares Outstanding, Basic	2,816,000	2,750,000	2,703,000	2,696,000

(in thousands, except per share data)	FY 2024	FY 2025	FY 2026	TTM
Finance Lease, Right-of-Use Asset, after Accumulated Amortization	$252	$14,662	$0	$0
Property, Plant and Equipment, Net	$20,861	$20,285	$162,024	$175,185
Intangible Assets, Net (Excluding Goodwill)	$10,978	$10,020	$13,029	$57,083
Operating Lease, Right-of-Use Asset	$11,376	$13,274	$14,594	$17,380
Equity Method Investments	$16,653	$19,003	$26,068	$27,858
Goodwill	$10,540	$10,542	$11,818	$19,592
Other Assets, Noncurrent	$3,630	$1,635	$7,568	$5,285
Assets	$177,167	$173,778	$409,123	$469,063
Long-term Line of Credit, Noncurrent	$98,568	—	—	$237,290
Deferred Income Tax Liabilities, Net	$2,447	$2,249	$3,359	$9,329
Operating Lease, Liability, Noncurrent	$10,515	$11,843	$12,189	$14,553
Other Liabilities, Noncurrent	$0	$866	$2,023	$1,651
Liabilities	$158,371	$168,242	$317,902	$385,905
Redeemable Noncontrolling Interest, Equity, Carrying Amount	$12,976	$7,054	$10,346	$16,291
Cash and Cash Equivalents, at Carrying Value	$7,100	$5,932	$20,332	$16,667
Marketable Securities, Current	—	$422	$1,026	$1,247
Restricted Cash, Current	—	$575	$4,938	$4,987
Restricted Investments, Current	$1,392	$683	$0	$0
Accounts Receivable, after Allowance for Credit Loss, Current	$22,911	$23,917	$39,889	$33,304
Income Taxes Receivable, Current	—	$681	$196	$676
Inventory, Net	$60,720	$38,516	$77,127	$90,056
Prepaid Expense, Current	$2,351	$3,103	$8,851	$6,710
Other Assets, Current	—	$4,498	$7,617	$4,475
Assets, Current	$102,877	$78,507	$159,976	$158,122
Accounts Payable, Current	$15,072	$17,782	$36,971	$41,017
Taxes Payable, Current	—	—	$687	$687
Accrued Liabilities, Current	$15,511	$16,691	$49,717	$55,766
Line of Credit, Current	$14,358	—	—	$14,358
Operating Lease, Liability, Current	$1,761	$2,377	$3,403	$3,888
Liabilities, Current	$46,841	$47,661	$95,524	$110,694
Stockholders' Equity Attributable to Noncontrolling Interest	$1,050	$1,698	$1,065	$1,667
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest	$5,820	$-1,518	$80,875	$66,867
Preferred Stock, Value, Issued	$0	$0	$0	$0
Common Stock, Value, Issued	$758	$758	$758	$758
Treasury Stock, Common, Value	$4,959	$6,404	$6,432	$6,648
Additional Paid in Capital	$859	$947	$1,122	$1,687
Retained Earnings (Accumulated Deficit)	$8,192	$2,130	$80,113	$64,304
Accumulated Other Comprehensive Income (Loss), Net of Tax	$-80	$-647	$4,249	$5,099
Stockholders' Equity Attributable to Parent	$4,770	$-3,216	$79,810	$65,200
Accounts Receivable, Allowance for Credit Loss, Current	$1,420	$1,338	$1,614	$1,706
Finance Lease, Right-of-Use Asset, Accumulated Amortization	$8	$1,451	$60	$60
Accumulated Depreciation, Depletion and Amortization, Property, Plant, and Equipment	$7,705	$9,240	$18,571	$27,446
Finite-Lived Intangible Assets, Accumulated Amortization	$5,119	$6,330	$8,046	$8,667
Preferred Stock, Shares Authorized	2,000,000	2,000,000	4,000,000	4,000,000
Common Stock, Shares Authorized	4,000,000	4,000,000	4,000,000	4,000,000
Common Stock, Shares, Issued	3,030,245	3,030,245	3,030,245	3,030,245
Common Stock, Shares, Outstanding	2,775,163	2,702,639	2,701,375	2,691,664
Treasury Stock, Common, Shares	256,850	327,606	328,870	338,581

(in thousands, except per share data)	FY 2024	FY 2025	FY 2026	TTM
Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents	$-16	$408	$-39	$1,191
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect	$753	$-1,086	$18,513	$6,431
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents	$7,843	$6,757	$25,270	$31,701
Cash and Cash Equivalents, at Carrying Value	$7,100	$5,932	$20,332	$22,539
Restricted Cash, Current	—	$575	$4,938	$9,412
Restricted Cash, Noncurrent	—	$250	$250	$250
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest	$-4,684	$-5,411	$84,651	$69,625
Net Cash Provided by (Used in) Operating Activities	$17,178	$23,496	$-25,044	$-26,779
Payments to Acquire Interest in Subsidiaries and Affiliates	$4,633	$7,027	$15,249	$22,034
Proceeds from Divestiture of Interest in Subsidiaries and Affiliates	$3,192	$6,030	$5,441	$7,757
Payments to Acquire Property, Plant, and Equipment	$1,076	$1,081	$16,483	$37,575
Proceeds from Sale of Flight Equipment	—	—	$19,889	$19,889
Proceeds from Collection of Notes Receivable	—	—	$2,540	$2,540
Payments to Acquire Businesses, Net of Cash Acquired	$0	—	$6,710	$24,707
Payments for (Proceeds from) Other Investing Activities	$-18	$-237	$495	$429
Net Cash Provided by (Used in) Investing Activities	$-2,499	$-20,189	$-21,803	$-63,102
Proceeds from Lines of Credit	$124,249	$136,515	$144,976	$164,400
Repayments of Lines of Credit	$141,956	$131,376	$135,527	$140,939
Proceeds from Issuance of Long-term Debt	$24,850	$24,877	$76,320	$80,470
Repayments of Long-term Debt	$28,341	$35,040	—	—
Proceeds from Issuance of Trust Preferred Securities	$8,780	$910	$3,101	$3,856
Payments for Repurchase of Common Stock	—	$1,445	$28	$28
Payments to Noncontrolling Interests	—	—	$3,685	$3,685
Proceeds from (Payments for) Other Financing Activities	$-1,492	$758	$-714	$-601
Net Cash Provided by (Used in) Financing Activities	$-13,910	$-4,801	$65,399	$95,121
Operating Lease, Payments	$2,351	$2,260	$3,664	$3,664
Income Taxes Paid	$917	$983	$850	$850
Depreciation, Depletion and Amortization	$2,798	$4,356	$12,340	$20,941
Income (Loss) from Equity Method Investments	$1,689	$1,700	$-1,740	$1,494
Business Combination, Bargain Purchase, Gain Recognized, Amount	—	—	$111,190	$111,190
Other Noncash Income (Expense)	$-1,294	$-2,369	$-4,813	$-5,266
Increase (Decrease) in Accounts Receivable	$-4,047	$1,808	$3,347	$-4,095
Increase (Decrease) in Inventories	$-9,103	$-20,630	$24,091	$35,552
Increase (Decrease) in Accounts Payable	$4,623	$2,710	$16,341	$19,211
Increase (Decrease) in Accrued Liabilities	$2,378	$1,087	$5,761	$3,503
Increase (Decrease) in Other Current Assets	—	—	$2,851	$-3,566
Increase (Decrease) in Other Operating Assets and Liabilities, Net	$2,827	$200	$2,177	$-2,240

Air T, Inc.

C O N S O L I D A T E D S T A T E M E N T S O F I N C O M E L O S S

C O N S O L I D A T E D B A L A N C E S H E E T S

C O N S O L I D A T E D S T A T E M E N T S O F C A S H F L O W S

Air T, Inc.

C O N S O L I D A T E D S T A T E M E N T S O F I N C O M E L O S S

C O N S O L I D A T E D B A L A N C E S H E E T S

C O N S O L I D A T E D S T A T E M E N T S O F C A S H F L O W S