Air T Inc
NASDAQ:AIRT
Cash Flow Statement
Cash Flow Statement
Air T Inc
Dec-2013 | Mar-2014 | Jun-2014 | Sep-2014 | Dec-2014 | Mar-2015 | Jun-2015 | Sep-2015 | Dec-2015 | Mar-2016 | Jun-2016 | Sep-2016 | Dec-2016 | Mar-2017 | Jun-2017 | Sep-2017 | Dec-2017 | Mar-2018 | Jun-2018 | Sep-2018 | Dec-2018 | Mar-2019 | Jun-2019 | Sep-2019 | Dec-2019 | Mar-2020 | Jun-2020 | Sep-2020 | Dec-2020 | Mar-2021 | Jun-2021 | Sep-2021 | Dec-2021 | Mar-2022 | Jun-2022 | Sep-2022 | Dec-2022 | Mar-2023 | Jun-2023 | Sep-2023 | Dec-2023 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Operating Cash Flow | ||||||||||||||||||||||||||||||||||||||||||
Net Income |
2
|
1
|
1
|
3
|
4
|
2
|
2
|
4
|
5
|
4
|
(3)
|
(6)
|
(7)
|
(5)
|
4
|
4
|
1
|
2
|
5
|
3
|
1
|
3
|
4
|
12
|
14
|
11
|
6
|
(3)
|
(2)
|
(8)
|
(7)
|
4
|
1
|
12
|
11
|
2
|
3
|
(12)
|
(11)
|
(11)
|
(14)
|
|
Depreciation & Amortization |
1
|
1
|
1
|
1
|
1
|
1
|
1
|
1
|
1
|
1
|
3
|
3
|
3
|
3
|
2
|
2
|
2
|
2
|
4
|
5
|
6
|
8
|
8
|
8
|
7
|
6
|
4
|
4
|
4
|
3
|
3
|
2
|
2
|
2
|
2
|
3
|
4
|
4
|
4
|
4
|
3
|
|
Change in Deffered Taxes |
0
|
1
|
0
|
0
|
0
|
(0)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(1)
|
0
|
0
|
(1)
|
(0)
|
0
|
0
|
0
|
(1)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
Other Non-Cash Items |
0
|
0
|
(0)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(0)
|
(0)
|
3
|
3
|
2
|
2
|
(1)
|
(1)
|
1
|
(0)
|
(2)
|
(2)
|
(1)
|
(0)
|
(2)
|
(10)
|
(12)
|
(13)
|
(9)
|
1
|
(0)
|
6
|
5
|
(5)
|
(3)
|
(7)
|
(6)
|
4
|
2
|
7
|
7
|
6
|
6
|
|
Cash Taxes Paid |
1
|
1
|
0
|
1
|
0
|
1
|
1
|
0
|
2
|
3
|
3
|
3
|
2
|
1
|
1
|
2
|
2
|
2
|
2
|
0
|
0
|
1
|
1
|
0
|
0
|
1
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
1
|
0
|
0
|
0
|
|
Cash Interest Paid |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
1
|
1
|
1
|
2
|
0
|
0
|
3
|
4
|
0
|
0
|
3
|
0
|
0
|
0
|
3
|
0
|
0
|
0
|
2
|
0
|
0
|
0
|
6
|
0
|
0
|
0
|
|
Change in Working Capital |
0
|
(4)
|
(5)
|
0
|
2
|
5
|
3
|
(0)
|
(2)
|
(1)
|
0
|
(7)
|
(9)
|
(7)
|
(9)
|
10
|
8
|
(5)
|
11
|
2
|
(13)
|
11
|
2
|
(2)
|
2
|
(29)
|
(35)
|
(33)
|
(24)
|
(2)
|
(8)
|
(20)
|
(14)
|
(40)
|
(34)
|
(33)
|
(26)
|
17
|
23
|
49
|
48
|
|
Cash from Operating Activities |
4
N/A
|
(1)
N/A
|
(2)
-205%
|
4
N/A
|
7
+54%
|
7
+3%
|
4
-42%
|
3
-14%
|
3
-20%
|
3
+16%
|
3
-8%
|
(7)
N/A
|
(10)
-59%
|
(8)
+28%
|
(5)
+35%
|
13
N/A
|
11
-14%
|
(0)
N/A
|
17
N/A
|
8
-54%
|
(7)
N/A
|
21
N/A
|
12
-45%
|
7
-43%
|
10
+51%
|
(25)
N/A
|
(34)
-35%
|
(31)
+7%
|
(22)
+30%
|
(2)
+92%
|
(7)
-301%
|
(19)
-160%
|
(15)
+22%
|
(33)
-123%
|
(27)
+19%
|
(24)
+9%
|
(17)
+29%
|
17
N/A
|
23
+36%
|
47
+104%
|
44
-6%
|
|
Investing Cash Flow | ||||||||||||||||||||||||||||||||||||||||||
Capital Expenditures |
(0)
|
(1)
|
(1)
|
(3)
|
(3)
|
(1)
|
(1)
|
0
|
(0)
|
(1)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(10)
|
(16)
|
(20)
|
(20)
|
(32)
|
(25)
|
(20)
|
(24)
|
(19)
|
(41)
|
(39)
|
(36)
|
(22)
|
(1)
|
(6)
|
(6)
|
(5)
|
(17)
|
(15)
|
(15)
|
(15)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
|
Other Items |
0
|
(1)
|
(1)
|
(4)
|
(2)
|
(1)
|
(3)
|
(0)
|
(4)
|
(4)
|
(3)
|
(3)
|
(2)
|
(1)
|
(5)
|
(4)
|
(3)
|
(7)
|
(10)
|
(11)
|
(6)
|
(3)
|
4
|
25
|
34
|
47
|
48
|
28
|
17
|
9
|
7
|
6
|
0
|
(18)
|
(18)
|
(18)
|
(16)
|
(5)
|
(4)
|
(3)
|
(2)
|
|
Cash from Investing Activities |
(0)
N/A
|
(3)
-611%
|
(2)
+27%
|
(7)
-241%
|
(4)
+34%
|
(2)
+56%
|
(4)
-95%
|
(0)
+96%
|
(4)
-2 553%
|
(5)
-32%
|
(4)
+20%
|
(5)
-21%
|
(4)
+20%
|
(4)
+9%
|
(7)
-86%
|
(13)
-94%
|
(20)
-46%
|
(27)
-39%
|
(30)
-12%
|
(43)
-41%
|
(31)
+27%
|
(23)
+26%
|
(20)
+13%
|
7
N/A
|
(8)
N/A
|
9
N/A
|
12
+38%
|
6
-49%
|
16
+159%
|
3
-84%
|
2
-36%
|
1
-53%
|
(17)
N/A
|
(33)
-100%
|
(33)
+1%
|
(33)
+1%
|
(17)
+48%
|
(6)
+64%
|
(5)
+17%
|
(4)
+18%
|
(3)
+32%
|
|
Financing Cash Flow | ||||||||||||||||||||||||||||||||||||||||||
Net Issuance of Common Stock |
(1)
|
(1)
|
(2)
|
(2)
|
(0)
|
0
|
0
|
0
|
0
|
0
|
0
|
(8)
|
(8)
|
(8)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(1)
|
1
|
5
|
5
|
9
|
7
|
3
|
2
|
1
|
6
|
9
|
12
|
11
|
7
|
3
|
1
|
0
|
0
|
0
|
0
|
|
Net Issuance of Debt |
0
|
0
|
2
|
1
|
0
|
5
|
4
|
0
|
(3)
|
(6)
|
(2)
|
18
|
20
|
17
|
18
|
(1)
|
15
|
30
|
18
|
38
|
32
|
10
|
17
|
6
|
14
|
15
|
20
|
12
|
34
|
1
|
(3)
|
4
|
(23)
|
45
|
48
|
55
|
33
|
(11)
|
(19)
|
(45)
|
(41)
|
|
Cash Paid for Dividends |
(1)
|
(1)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
Other |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(1)
|
(1)
|
(1)
|
1
|
1
|
1
|
1
|
(2)
|
(4)
|
(5)
|
(4)
|
(4)
|
(3)
|
(2)
|
(2)
|
(1)
|
(0)
|
3
|
3
|
2
|
2
|
(2)
|
(2)
|
(1)
|
(1)
|
|
Cash from Financing Activities |
(2)
N/A
|
(2)
-8%
|
(1)
+71%
|
(1)
-60%
|
(0)
+82%
|
5
N/A
|
4
-17%
|
0
-96%
|
(3)
N/A
|
(6)
-113%
|
(2)
+61%
|
10
N/A
|
12
+11%
|
9
-25%
|
10
+12%
|
(1)
N/A
|
14
N/A
|
29
+98%
|
17
-42%
|
39
+130%
|
33
-14%
|
10
-71%
|
19
+98%
|
9
-54%
|
16
+83%
|
19
+22%
|
22
+16%
|
11
-53%
|
33
+217%
|
0
-100%
|
1
+1 114%
|
12
+1 293%
|
(11)
N/A
|
59
N/A
|
58
-2%
|
61
+4%
|
35
-42%
|
(12)
N/A
|
(21)
-70%
|
(46)
-120%
|
(42)
+9%
|
|
Change in Cash | ||||||||||||||||||||||||||||||||||||||||||
Effect of Foreign Exchange Rates |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(0)
|
0
|
(0)
|
(0)
|
0
|
(0)
|
0
|
0
|
(0)
|
0
|
(0)
|
(0)
|
0
|
0
|
0
|
0
|
(0)
|
0
|
0
|
0
|
0
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
0
|
0
|
0
|
0
|
|
Net Change in Cash |
1
N/A
|
(5)
N/A
|
(4)
+21%
|
(3)
+19%
|
2
N/A
|
10
+407%
|
4
-56%
|
3
-19%
|
(4)
N/A
|
(8)
-99%
|
(4)
+55%
|
(1)
+66%
|
(3)
-134%
|
(3)
+11%
|
(2)
+20%
|
(1)
+60%
|
6
N/A
|
1
-78%
|
3
+110%
|
3
+13%
|
(5)
N/A
|
8
N/A
|
11
+39%
|
22
+108%
|
18
-17%
|
3
-83%
|
1
-84%
|
(15)
N/A
|
27
N/A
|
0
-99%
|
(5)
N/A
|
(7)
-26%
|
(43)
-553%
|
(8)
+82%
|
(2)
+75%
|
3
N/A
|
1
-79%
|
(1)
N/A
|
(3)
-143%
|
(4)
-14%
|
(1)
+63%
|
|
Free Cash Flow | ||||||||||||||||||||||||||||||||||||||||||
Free Cash Flow |
3
N/A
|
(2)
N/A
|
(3)
-72%
|
2
N/A
|
4
+138%
|
6
+58%
|
3
-46%
|
4
+13%
|
3
-27%
|
2
-27%
|
1
-28%
|
(8)
N/A
|
(12)
-48%
|
(10)
+19%
|
(7)
+27%
|
4
N/A
|
(5)
N/A
|
(21)
-340%
|
(4)
+82%
|
(24)
-574%
|
(32)
-33%
|
0
N/A
|
(12)
N/A
|
(12)
-1%
|
(31)
-159%
|
(64)
-104%
|
(70)
-9%
|
(54)
+23%
|
(23)
+56%
|
(8)
+66%
|
(13)
-63%
|
(24)
-88%
|
(32)
-33%
|
(48)
-50%
|
(42)
+13%
|
(39)
+7%
|
(19)
+53%
|
16
N/A
|
22
+38%
|
46
+111%
|
43
-6%
|