Air T, Inc. · Maiden, NC United States (NASDAQ: AIRT)
Key Air T, Inc. Financials
| Company Type | Public -(NASDAQ: AIRT) Headquarters |
|---|---|
| Fiscal Year-End | March |
| 2011 Sales (mil.) | $83.4 |
| 2011 Employees | 433 |
Air T, Inc. Income Statement
| Mar 11 | Mar 10 | Mar 09 | |
| Revenue | 83.4 | 81.1 | 90.7 |
| Cost of Goods Sold | 69.1 | 64.6 | 72.3 |
| Gross Profit | 14.3 | 16.5 | 18.3 |
| Gross Profit Margin | 17.1% | 20.3% | 20.2% |
| SG&A Expense | 10.6 | 10.6 | 11.2 |
| Depreciation & Amortization | 0.4 | 0.4 | 0.4 |
| Operating Income | 3.4 | 5.4 | 6.7 |
| Operating Margin | 4.1% | 6.7% | 7.4% |
| Nonoperating Income | 0.0 | 0.1 | 0.4 |
| Nonoperating Expenses | 0.1 | (0.0) | (0.1) |
| Income Before Taxes | 3.6 | 5.6 | 7.0 |
| Income Taxes | 1.4 | 1.8 | 2.6 |
| Net Income After Taxes | 2.1 | 3.8 | 4.4 |
| Continuing Operations | 2.1 | 3.8 | 4.4 |
| Discontinued Operations | -- | -- | -- |
| Total Operations | 2.1 | 3.8 | 4.4 |
| Total Net Income | 2.1 | 3.8 | 4.4 |
| Net Profit Margin | 2.6% | 4.6% | 4.8% |
| Diluted EPS from Total Net Income | 0.87 | 1.54 | 1.81 |
| Dividends per Share | 0.33 | 0.33 | 0.30 |
All amounts in millions of US Dollars except per share amounts.
Air T, Inc. Balance Sheet
| Assets | Mar 11 | Mar 10 | Mar 09 |
| Current Assets | |||
| Cash | 6.5 | 9.8 | 6.9 |
| Net Receivables | 11.8 | 6.6 | 6.7 |
| Inventories | 11.5 | 6.8 | 9.8 |
| Other Current Assets | 0.9 | 3.0 | 1.9 |
| Total Current Assets | 30.7 | 26.3 | 25.3 |
| Net Fixed Assets | 1.2 | 1.3 | 1.6 |
| Other Noncurrent Assets | 2.3 | 2.0 | 2.5 |
| Total Assets | 34.2 | 29.6 | 29.3 |
| Liabilities | Mar 11 | Mar 10 | Mar 09 |
| Current Liabilities | |||
| Accounts Payable | 6.1 | 2.6 | 3.0 |
| Short-Term Debt | 0.0 | 0.0 | 0.5 |
| Other Current Liabilities | 1.9 | 2.1 | 4.1 |
| Total Current Liabilities | 8.0 | 4.7 | 7.6 |
| Long-Term Debt | 0.0 | 0.0 | 0.0 |
| Other Noncurrent Liabilities | 0.0 | 0.0 | 0.0 |
| Total Liabilities | 8.0 | 4.7 | 7.6 |
| Shareholder's Equity | |||
| Preferred Stock Equity | 0.0 | 0.0 | -- |
| Common Stock Equity | 26.2 | 24.9 | 21.8 |
| Total Equity | 26.2 | 24.9 | 21.8 |
| Shares Outstanding (thou.) | 2,431.3 | 2,431.3 | 2,424.5 |
All amounts in millions of US Dollars except per share amounts.
Air T, Inc. Cash Flow Statement
| Mar 11 | Mar 10 | Mar 09 | |
| Net Operating Cash Flow | (5) | 6 | 7 |
| Net Investing Cash Flow | 2.1 | (1.4) | 0.8 |
| Net Financing Cash Flow | (0.8) | (1.2) | (0.9) |
| Net Change in Cash | (3.3) | 2.9 | 6.8 |
| Depreciation & Amortization | 0.4 | 0.4 | 0.4 |
| Capital Expenditures | (0.3) | (0.1) | (0.2) |
| Cash Dividends Paid | (0.8) | (0.8) | (0.7) |
All amounts in millions of US Dollars except per share amounts.