-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, SZr29RBn6RCnXmt/mjxy06KgO6wAC4ZkxmOfxR4rdC7MmQIkU07R66eEOO95f1+p GYhd71rpKgE0NpYs51I0ag== /in/edgar/work/20000721/0000890566-00-001087/0000890566-00-001087.txt : 20000921 0000890566-00-001087.hdr.sgml : 20000920 ACCESSION NUMBER: 0000890566-00-001087 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 11 CONFORMED PERIOD OF REPORT: 20000705 ITEM INFORMATION: ITEM INFORMATION: FILED AS OF DATE: 20000721 FILER: COMPANY DATA: COMPANY CONFORMED NAME: KITTY HAWK INC CENTRAL INDEX KEY: 0000932110 STANDARD INDUSTRIAL CLASSIFICATION: [4522 ] IRS NUMBER: 752564006 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: SEC FILE NUMBER: 000-25202 FILM NUMBER: 676982 BUSINESS ADDRESS: STREET 1: P O BOX 612787 STREET 2: 1515 W 20TH ST CITY: DALLAS/FORT WORTH IN STATE: TX ZIP: 75261 BUSINESS PHONE: 2144562220 MAIL ADDRESS: STREET 1: P O BOX 612787 CITY: DALLAS/FORT WORTH IN STATE: TX ZIP: 75261 8-K 1 0001.txt UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (Date of earliest event reported): July 5, 2000 KITTY HAWK, INC. (Exact name of registrant as specified in charter) Delaware (State or other 75-2564006 jurisdiction of 0-25202 (IRS Employer incorporation) (Commission File Number) Identification No.) 1515 West 20th Street P.O. Box 612787 Dallas/Fort Worth International Airport, Texas (Address of principal 75261 executive offices) (Zip Code) Registrant's telephone number, including area code: (972) 456-2200 Not Applicable (Former name or former address, if changed since last report) ITEM 5. OTHER EVENTS. Kitty Hawk, Inc. (the "Company") is filing herewith the Monthly Operating Reports of Debtors and Debtors in Possession for the period ended May 31, 2000 that the Company filed with the United States Bankruptcy Court for Northern District of Texas, Fort Worth Division on July 5, 2000 in connection with the Company's and its subsidiaries' ongoing proceedings under Chapter 11 of the United States Bankruptcy Code (11 U.S.C. Sections 101-1330), Case no. 400-42069-BJH and Case nos. 400-42141 through Case nos. 400-42149, jointly administered under Case no. 400-42141-BJH. THE MONTHLY OPERATING REPORTS FILED HEREWITH CONTAIN UNAUDITED FINANCIAL STATEMENTS AND OTHER FINANCIAL INFORMATION THAT ARE SUBJECT TO FUTURE RECONCILIATIONS AND ADJUSTMENTS, INCLUDING SIGNIFICANT WRITE-DOWNS OF ASSET VALUES, WHICH THE COMPANY ANTICIPATES WOULD RESULT IN A DEFICIT IN THE COMPANY'S STOCKHOLDERS' EQUITY. ITEM 7. EXHIBITS. (c) Exhibits 99.1 Monthly Operating Report for Kitty Hawk, Inc. for the Period Ended May 31, 2000 (1) 99.2 Monthly Operating Report for Kitty Hawk Aircargo, Inc. for the Period Ended May 31, 2000 (1) 99.3 Monthly Operating Report for Kitty Hawk Charters, Inc. for the Period Ended May 31, 2000 (1) 99.4 Monthly Operating Report for Kitty Hawk International, Inc. for the Period Ended May 31, 2000 (1) 99.5 Monthly Operating Report for Kitty Hawk Cargo, Inc. for the Period Ended May 31, 2000 (1) 99.6 Monthly Operating Report for O.K. Turbines, Inc. for the Period Ended May 31, 2000 (1) 99.7 Monthly Operating Report for Longhorn Solutions, Inc. for the Period Ended May 31, 2000 (1) 99.8 Monthly Operating Report for Aircraft Leasing, Inc. for the Period Ended May 31, 2000 (1) 99.9 Monthly Operating Report for American International Travel, Inc. for the Period Ended May 31, 2000 (1) 99.10 Monthly Operating Report for Flight One Logistics, Inc. for the Period Ended May 31, 2000 (1) -------------------------- (1) The Company agrees to furnish supplementally a copy of any omitted schedule or similar attachment to the Commission upon its request. 2 SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the Company has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized. KITTY HAWK, INC. Date: July 19 , 2000 By: /s/ TILMON J. REEVES --------------------- Name: Tilmon J. Reeves Title: Chairman of the Board and Chief Executive Officer 3 EXHIBIT INDEX EXHIBIT NUMBER DESCRIPTION 99.1 Monthly Operating Report for Kitty Hawk, Inc. for the Period Ended May 31, 2000 99.2 Monthly Operating Report for Kitty Hawk Aircargo, Inc. for the Period Ended May 31, 2000 99.3 Monthly Operating Report for Kitty Hawk Charters Inc. for the Period Ended May 31, 2000 99.4 Monthly Operating Report for Kitty Hawk International Inc. for the Period Ended May 31, 2000 99.5 Monthly Operating Report for Kitty Hawk Cargo, Inc. for the Period Ended May 31, 2000 99.6 Monthly Operating Report for OK Turbines, Inc. for the Period Ended May 31, 2000 99.7 Monthly Operating Report for Longhorn Solutions, Inc. for the Period Ended May 31, 2000 99.8 Monthly Operating Report for Aircraft Leasing, Inc. for the Period Ended May 31, 2000 99.9 Monthly Operating Report for American International Travel, Inc. for the Period Ended May 31, 2000 99.10 Monthly Operating Report for Flight One Logistics, Inc. for the Period Ended May 31, 2000 4 EX-99.1 2 0002.txt EXHIBIT 99.1 MONTHLY OPERATING REPORT CASE NAME: KITTY HAWK, INC. ACCRUAL BASIS CASE NUMBER: 400-42141-BJH 02/13/95, RWD, 2/96 JUDGE: BARBARA J. HOUSER UNITED STATES BANKRUPTCY COURT NORTHERN DISTRICT OF TEXAS SIXTH DIVISION MONTHLY OPERATING REPORT MONTH ENDING: MAY 31, 2000 IN ACCORDANCE WITH TITLE 28, SECTION 1746, OF THE UNITED STATES CODE, I DECLARE UNDER PENALTY OF PERJURY THAT I HAVE EXAMINED THE FOLLOWING MONTHLY OPERATING REPORT (ACCRUAL BASIS-1 THROUGH ACCRUAL BASIS-7) AND THE ACCOMPANYING ATTACHMENTS AND, TO THE BEST OF MY KNOWLEDGE, THESE DOCUMENTS ARE TRUE, CORRECT AND COMPLETE. DECLARATION OF THE PREPARER (OTHER THAN RESPONSIBLE PARTY): IS BASED ON ALL INFORMATION OF WHICH PREPARER HAS ANY KNOWLEDGE. RESPONSIBLE PARTY: /s/ DREW KEITH CFO - --------------------------------------- ---------------------- ORIGINAL SIGNATURE OF RESPONSIBLE PARTY TITLE Drew Keith 7/3/00 - ------------------------------------- ---------------------- PRINTED NAME OF RESPONSIBLE PARTY DATE PREPARER: /S/ JESSICA L. WILSON Corporate Controller - ------------------------------------- ---------------------- ORIGINAL SIGNATURE OF PREPARER TITLE Jessica L. Wilson 7/3/00 - ------------------------------------- ---------------------- PRINTED NAME OF PREPARER DATE 5 MONTHLY OPERATING REPORT CASE NAME: KITTY HAWK, INC. ACCRUAL BASIS-1 CASE NUMBER: 400-42141-BJH 02/13/95, RWD, 2/96
COMPARATIVE BALANCE SHEET ------------------------------------------------------------------------------------------------------------------------------ MONTH MONTH MONTH SCHEDULE ---------------------------------------------------- ASSETS AMOUNT May-00 ------------------------------------------------------------------------------------------------------------------------------ 1. UNRESTRICTED CASH $13,401,586 $40,971,596 ------------------------------------------------------------------------------------------------------------------------------ 2. RESTRICTED CASH $0 ------------------------------------------------------------------------------------------------------------------------------ 3. TOTAL CASH $13,401,586 $40,971,596 $0 $0 ------------------------------------------------------------------------------------------------------------------------------ 4. ACCOUNTS RECEIVABLE (NET) ($12,100,000) ------------------------------------------------------------------------------------------------------------------------------ 5. INVENTORY ($400,000) ------------------------------------------------------------------------------------------------------------------------------ 6. NOTES RECEIVABLE $15,000 $15,000 ------------------------------------------------------------------------------------------------------------------------------ 7. PREPAID EXPENSES $330,711 ------------------------------------------------------------------------------------------------------------------------------ 8. OTHER (ATTACH LIST) $422,186,692 $372,389,617 ------------------------------------------------------------------------------------------------------------------------------ 9. TOTAL CURRENT ASSETS $435,603,278 $401,206,924 $0 $0 ------------------------------------------------------------------------------------------------------------------------------ 10. PROPERTY, PLANT & EQUIPMENT $2,425,652 $2,865,674 ------------------------------------------------------------------------------------------------------------------------------ 11. LESS: ACCUMULATED DEPRECIATION / DEPLETION $487,669 ------------------------------------------------------------------------------------------------------------------------------ 12. NET PROPERTY, PLANT & EQUIPMENT $2,425,652 $2,378,005 $0 $0 ------------------------------------------------------------------------------------------------------------------------------ 13. DUE FROM INSIDERS $62,465 $283,908 ------------------------------------------------------------------------------------------------------------------------------ 14. OTHER ASSETS - NET OF AMORTIZATION (ATTACH LIST) $10,967,208 $10,749,584 ------------------------------------------------------------------------------------------------------------------------------ 15. OTHER (ATTACH LIST) $138,370,015 $138,370,015 ------------------------------------------------------------------------------------------------------------------------------ 16. TOTAL ASSETS $587,428,618 $552,988,436 $0 $0 ------------------------------------------------------------------------------------------------------------------------------ POSTPETITION LIABILITIES ------------------------------------------------------------------------------------------------------------------------------ 17. ACCOUNTS PAYABLE ($245,032) ------------------------------------------------------------------------------------------------------------------------------ 18. TAXES PAYABLE $0 ------------------------------------------------------------------------------------------------------------------------------ 19. NOTES PAYABLE $0 ------------------------------------------------------------------------------------------------------------------------------ 20. PROFESSIONAL FEES $0 ------------------------------------------------------------------------------------------------------------------------------ 21. SECURED DEBT $0 ------------------------------------------------------------------------------------------------------------------------------ 22. OTHER (ATTACH LIST) $819,587 ------------------------------------------------------------------------------------------------------------------------------ 23. TOTAL POSTPETITION LIABILITIES $574,555 $0 $0 ------------------------------------------------------------------------------------------------------------------------------ PREPETITION LIABILITIES ------------------------------------------------------------------------------------------------------------------------------ 24. SECURED DEBT $466,119,468 $416,000,000 ------------------------------------------------------------------------------------------------------------------------------ 25. PRIORITY DEBT $29,661 $0 ------------------------------------------------------------------------------------------------------------------------------ 26. UNSECURED DEBT $22,580,547 $2,245,799 ------------------------------------------------------------------------------------------------------------------------------ 27. OTHER (ATTACH LIST) $0 $35,264,930 ------------------------------------------------------------------------------------------------------------------------------ 28. TOTAL PREPETITION LIABILITIES $488,729,676 $453,510,729 $0 $0 ------------------------------------------------------------------------------------------------------------------------------ 29. TOTAL LIABILITIES $488,729,676 $454,085,284 $0 $0 ------------------------------------------------------------------------------------------------------------------------------ EQUITY ------------------------------------------------------------------------------------------------------------------------------ 30. PREPETITION OWNERS' EQUITY $98,899,692 ------------------------------------------------------------------------------------------------------------------------------ 31. POSTPETITION CUMULATIVE PROFIT OR (LOSS) $3,460 ------------------------------------------------------------------------------------------------------------------------------ 32. DIRECT CHARGES TO EQUITY (ATTACH EXPLANATION) ------------------------------------------------------------------------------------------------------------------------------ 33. TOTAL EQUITY $0 $98,903,152 $0 $0 ------------------------------------------------------------------------------------------------------------------------------ 34. TOTAL LIABILITIES & OWNERS' EQUITY $488,729,676 $552,988,436 $0 $0 ------------------------------------------------------------------------------------------------------------------------------
6 MONTHLY OPERATING REPORT CASE NAME: KITTY HAWK, INC. ACCRUAL BASIS-2 CASE NUMBER: 400-42141-BJH 02/13/95, RWD, 2/96 INCOME STATEMENT
-------------------------------------------------------------------------------------------------------------- MONTH MONTH MONTH --------------------------------------------- QUARTER REVENUES May-00 TOTAL -------------------------------------------------------------------------------------------------------------- 1. GROSS REVENUES $0 $0 -------------------------------------------------------------------------------------------------------------- 2. LESS: RETURNS & DISCOUNTS $0 $0 -------------------------------------------------------------------------------------------------------------- 3. NET REVENUE $0 $0 $0 $0 -------------------------------------------------------------------------------------------------------------- COST OF GOODS SOLD -------------------------------------------------------------------------------------------------------------- 4. MATERIAL $0 $0 -------------------------------------------------------------------------------------------------------------- 5. DIRECT LABOR $0 $0 -------------------------------------------------------------------------------------------------------------- 6. DIRECT OVERHEAD $0 $0 -------------------------------------------------------------------------------------------------------------- 7. TOTAL COST OF GOODS SOLD $0 $0 $0 $0 -------------------------------------------------------------------------------------------------------------- 8. GROSS PROFIT $0 $0 $0 $0 -------------------------------------------------------------------------------------------------------------- OPERATING EXPENSES -------------------------------------------------------------------------------------------------------------- 9. OFFICER / INSIDER COMPENSATION $91,863 $91,863 -------------------------------------------------------------------------------------------------------------- 10. SELLING & MARKETING $0 $0 -------------------------------------------------------------------------------------------------------------- 11. GENERAL & ADMINISTRATIVE ($314,473) ($314,473) -------------------------------------------------------------------------------------------------------------- 12. RENT & LEASE $21,502 $21,502 -------------------------------------------------------------------------------------------------------------- 13. OTHER (ATTACH LIST) $0 $0 -------------------------------------------------------------------------------------------------------------- 14. TOTAL OPERATING EXPENSES ($201,108) $0 $0 ($201,108) -------------------------------------------------------------------------------------------------------------- 15. INCOME BEFORE NON-OPERATING INCOME & EXPENSE $201,108 $0 $0 $201,108 -------------------------------------------------------------------------------------------------------------- OTHER INCOME & EXPENSES -------------------------------------------------------------------------------------------------------------- 16. NON-OPERATING INCOME (ATT. LIST) ($201,613) ($201,613) -------------------------------------------------------------------------------------------------------------- 17. NON-OPERATING EXPENSE (ATT. LIST) $0 $0 -------------------------------------------------------------------------------------------------------------- 18. INTEREST EXPENSE ($22,393) ($22,393) -------------------------------------------------------------------------------------------------------------- 19. DEPRECIATION / DEPLETION $47,647 $47,647 -------------------------------------------------------------------------------------------------------------- 20. AMORTIZATION $224,007 $224,007 -------------------------------------------------------------------------------------------------------------- 21. OTHER (ATTACH LIST) $0 $0 -------------------------------------------------------------------------------------------------------------- 22. NET OTHER INCOME & EXPENSES $47,648 $0 $0 $47,648 -------------------------------------------------------------------------------------------------------------- REORGANIZATION EXPENSES -------------------------------------------------------------------------------------------------------------- 23. PROFESSIONAL FEES $150,000 $150,000 -------------------------------------------------------------------------------------------------------------- 24. U.S. TRUSTEE FEES $0 $0 -------------------------------------------------------------------------------------------------------------- 25. OTHER (ATTACH LIST) $0 $0 -------------------------------------------------------------------------------------------------------------- 26. TOTAL REORGANIZATION EXPENSES $150,000 $0 $0 $150,000 -------------------------------------------------------------------------------------------------------------- 27. INCOME TAX $0 $0 -------------------------------------------------------------------------------------------------------------- 28. NET PROFIT (LOSS) $3,460 $0 $0 $3,460 --------------------------------------------------------------------------------------------------------------
7 MONTHLY OPERATING REPORT CASE NAME: KITTY HAWK, INC. ACCRUAL BASIS-3 CASE NUMBER: 400-42141-BJH 02/13/95, RWD, 2/96
------------------------------------------------------------------------------------------------------------------------ MONTH MONTH MONTH CASH RECEIPTS AND ------------------------------------------------- QUARTER DISBURSEMENTS May-00 TOTAL ------------------------------------------------------------------------------------------------------------------------ 1. CASH - BEGINNING OF MONTH $13,412,330 $13,412,330 ------------------------------------------------------------------------------------------------------------------------ RECEIPTS FROM OPERATIONS ------------------------------------------------------------------------------------------------------------------------ 2. CASH SALES $0 $0 ------------------------------------------------------------------------------------------------------------------------ COLLECTION OF ACCOUNTS RECEIVABLE ------------------------------------------------------------------------------------------------------------------------ 3. PREPETITION $0 $0 ------------------------------------------------------------------------------------------------------------------------ 4. POSTPETITION $0 $0 ------------------------------------------------------------------------------------------------------------------------ 5. TOTAL OPERATING RECEIPTS $0 $0 $0 $0 ------------------------------------------------------------------------------------------------------------------------ NON - OPERATING RECEIPTS ------------------------------------------------------------------------------------------------------------------------ 6. LOANS & ADVANCES (ATTACH LIST) $0 $0 ------------------------------------------------------------------------------------------------------------------------ 7. SALE OF ASSETS $0 $0 ------------------------------------------------------------------------------------------------------------------------ 8. OTHER (ATTACH LIST) $55,101,467 $55,101,467 ------------------------------------------------------------------------------------------------------------------------ 9. TOTAL NON-OPERATING RECEIPTS $55,101,467 $0 $0 $55,101,467 ------------------------------------------------------------------------------------------------------------------------ 10. TOTAL RECEIPTS $55,101,467 $0 $0 $55,101,467 ------------------------------------------------------------------------------------------------------------------------ 11. TOTAL CASH AVAILABLE $68,513,797 $0 $0 $68,513,797 ------------------------------------------------------------------------------------------------------------------------ OPERATING DISBURSEMENTS ------------------------------------------------------------------------------------------------------------------------ 12. NET PAYROLL $4,363,106 $4,363,106 ------------------------------------------------------------------------------------------------------------------------ 13. PAYROLL TAXES PAID $1,843,161 $1,843,161 ------------------------------------------------------------------------------------------------------------------------ 14. SALES, USE & OTHER TAXES PAID $136,514 $136,514 ------------------------------------------------------------------------------------------------------------------------ 15. SECURED / RENTAL / LEASES $252,400 $252,400 ------------------------------------------------------------------------------------------------------------------------ 16. UTILITIES $11,425 $11,425 ------------------------------------------------------------------------------------------------------------------------ 17. INSURANCE $160,860 $160,860 ------------------------------------------------------------------------------------------------------------------------ 18. INVENTORY PURCHASES $109,082 $109,082 ------------------------------------------------------------------------------------------------------------------------ 19. VEHICLE EXPENSES $0 ------------------------------------------------------------------------------------------------------------------------ 20. TRAVEL $601,056 $601,056 ------------------------------------------------------------------------------------------------------------------------ 21. ENTERTAINMENT $0 ------------------------------------------------------------------------------------------------------------------------ 22. REPAIRS & MAINTENANCE $2,088,040 $2,088,040 ------------------------------------------------------------------------------------------------------------------------ 23. SUPPLIES $48,184 $48,184 ------------------------------------------------------------------------------------------------------------------------ 24. ADVERTISING $382 $382 ------------------------------------------------------------------------------------------------------------------------ 25. OTHER (ATTACH LIST) $17,777,991 $17,777,991 ------------------------------------------------------------------------------------------------------------------------ 26. TOTAL OPERATING DISBURSEMENTS $27,392,201 $0 $0 $27,392,201 ------------------------------------------------------------------------------------------------------------------------ REORGANIZATION EXPENSES ------------------------------------------------------------------------------------------------------------------------ 27. PROFESSIONAL FEES $150,000 $150,000 ------------------------------------------------------------------------------------------------------------------------ 28. U.S. TRUSTEE FEES $0 $0 ------------------------------------------------------------------------------------------------------------------------ 29. OTHER (ATTACH LIST) $0 $0 ------------------------------------------------------------------------------------------------------------------------ 30. TOTAL REORGANIZATION EXPENSES $150,000 $0 $0 $150,000 ------------------------------------------------------------------------------------------------------------------------ 31. TOTAL DISBURSEMENTS $27,542,201 $0 $0 $27,542,201 ------------------------------------------------------------------------------------------------------------------------ 32. NET CASH FLOW $27,559,266 $0 $0 $27,559,266 ------------------------------------------------------------------------------------------------------------------------ 33. CASH - END OF MONTH $40,971,596 $0 $0 $40,971,596 ------------------------------------------------------------------------------------------------------------------------
8 MONTHLY OPERATING REPORT CASE NAME: KITTY HAWK, INC. ACCRUAL BASIS-4 CASE NUMBER: 400-42141-BJH 02/13/95, RWD, 2/96
---------------------------------------------------------------------------------------------------------------------------- MONTH MONTH MONTH SCHEDULE ----------------------------------------------------- ACCOUNTS RECEIVABLE AGING AMOUNT May-00 ---------------------------------------------------------------------------------------------------------------------------- 1. 0-30 $0 ---------------------------------------------------------------------------------------------------------------------------- 2. 31-60 $0 ---------------------------------------------------------------------------------------------------------------------------- 3. 61-90 $0 ---------------------------------------------------------------------------------------------------------------------------- 4. 91+ $0 ---------------------------------------------------------------------------------------------------------------------------- 5. TOTAL ACCOUNTS RECEIVABLE $0 $0 $0 $0 ---------------------------------------------------------------------------------------------------------------------------- 6. AMOUNT CONSIDERED UNCOLLECTIBLE ($12,100,000) ---------------------------------------------------------------------------------------------------------------------------- 7. ACCOUNTS RECEIVABLE (NET) $0 $12,100,000 $0 $0 ---------------------------------------------------------------------------------------------------------------------------- AGING OF POSTPETITION TAXES AND PAYABLES MONTH: May-00 ------------------------------------------------------------------------------------------------------------------------------ 0-30 31-60 61-90 91+ TAXES PAYABLE DAYS DAYS DAYS DAYS TOTAL ----------------------------------------------------------------------------------------------------------------------------- 1. FEDERAL $0 $0 $0 $0 $0 ----------------------------------------------------------------------------------------------------------------------------- 2. STATE $0 $0 $0 $0 $0 ----------------------------------------------------------------------------------------------------------------------------- 3. LOCAL $0 $0 $0 $0 $0 ----------------------------------------------------------------------------------------------------------------------------- 4. OTHER (ATTACH LIST) $0 $0 $0 $0 $0 ----------------------------------------------------------------------------------------------------------------------------- 5. TOTAL TAXES PAYABLE $0 $0 $0 $0 $0 ----------------------------------------------------------------------------------------------------------------------------- 6. ACCOUNTS PAYABLE ($245,032) $0 $0 $0 ($245,032) ----------------------------------------------------------------------------------------------------------------------------- STATUS OF POSTPETITION TAXES MONTH: May-00 ----------------------------------------------------------------------------------------------------------------------------- BEGINNING AMOUNT ENDING TAX WITHHELD AND/ AMOUNT TAX FEDERAL LIABILITY* 0R ACCRUED PAID LIABILITY ----------------------------------------------------------------------------------------------------------------------------- 1. WITHHOLDING** $0 $136,164 $136,164 $0 ----------------------------------------------------------------------------------------------------------------------------- 2. FICA-EMPLOYEE** $0 $0 $0 $0 ----------------------------------------------------------------------------------------------------------------------------- 3. FICA-EMPLOYER** $0 $0 $0 $0 ----------------------------------------------------------------------------------------------------------------------------- 4. UNEMPLOYMENT $0 $0 $0 $0 ----------------------------------------------------------------------------------------------------------------------------- 5. INCOME $0 $0 $0 $0 ----------------------------------------------------------------------------------------------------------------------------- 6. OTHER (ATTACH LIST) $0 $0 $0 $0 ----------------------------------------------------------------------------------------------------------------------------- 7. TOTAL FEDERAL TAXES $0 $136,164 $136,164 $0 ----------------------------------------------------------------------------------------------------------------------------- STATE AND LOCAL ----------------------------------------------------------------------------------------------------------------------------- 8. WITHHOLDING $0 $0 $0 $0 ----------------------------------------------------------------------------------------------------------------------------- 9. SALES $0 $0 $0 $0 ----------------------------------------------------------------------------------------------------------------------------- 10. EXCISE $0 $0 $0 $0 ----------------------------------------------------------------------------------------------------------------------------- 11. UNEMPLOYMENT $0 $0 $0 $0 ----------------------------------------------------------------------------------------------------------------------------- 12. REAL PROPERTY $0 $0 $0 $0 ----------------------------------------------------------------------------------------------------------------------------- 13. PERSONAL PROPERTY $0 $0 $0 $0 ----------------------------------------------------------------------------------------------------------------------------- 14. OTHER (ATTACH LIST) $0 $0 $0 $0 ----------------------------------------------------------------------------------------------------------------------------- 15. TOTAL STATE & LOCAL $0 $0 $0 $0 ----------------------------------------------------------------------------------------------------------------------------- 16. TOTAL TAXES $0 $136,164 $136,164 $0 -----------------------------------------------------------------------------------------------------------------------------
* The beginning tax liability should represent the liability from the prior month or, if this is the first operating report, the amounT should be zero. ** Attach photocopies of IRS Form 6123 or your FTD coupon and payment receipt to verify payment or deposit. 9 MONTHLY OPERATING REPORT CASE NAME: KITTY HAWK, INC. ACCRUAL BASIS-5 CASE NUMBER: 400-42141-BJH 02/13/95, RWD, 2/96 The debtor in possession must complete the reconciliation below for each bank account, including all general, payroll and tax accounts, as well as all savings and investment accounts, money market accounts, certificates of deposit, government obligations, etc. Accounts with restricted funds should be identified by placing an asterisk next to the account number. Attach additional sheets if necessary.
MONTH: May-00 ------------------------------------------------------------ BANK RECONCILIATIONS Account #1 Account #2 Account #3 -------------------------------------------------------------------------------------------------------------------- A. BANK: Bank One Bank One Wells Fargo B. ACCOUNT NUMBER: 100140334 9319959434 4417-881463 TOTAL C. PURPOSE (TYPE): Operating Disbursement Operating -------------------------------------------------------------------------------------------------------------------- 1. BALANCE PER BANK STATEMENT $883,127 $50,000 $344,006 $1,277,133 -------------------------------------------------------------------------------------------------------------------- 2. ADD: TOTAL DEPOSITS NOT CREDITED $736,151 $0 $0 $736,151 -------------------------------------------------------------------------------------------------------------------- 3. SUBTRACT: OUTSTANDING CHECKS $1,413,750 $0 $0 $1,413,750 -------------------------------------------------------------------------------------------------------------------- 4. OTHER RECONCILING ITEMS $0 $0 $0 $0 -------------------------------------------------------------------------------------------------------------------- 5. MONTH END BALANCE PER BOOKS $205,528 $50,000 $344,006 $599,534 -------------------------------------------------------------------------------------------------------------------- 6. NUMBER OF LAST CHECK WRITTEN No checks 7005 No checks -------------------------------------------------------------------------------------------------------------------- INVESTMENT ACCOUNTS -------------------------------------------------------------------------------------------------------------------- DATE OF TYPE OF PURCHASE CURRENT BANK, ACCOUNT NAME & NUMBER PURCHASE INSTRUMENT PRICE VALUE -------------------------------------------------------------------------------------------------------------------- 7. Wells Fargo Certificate of Deposit CD $200,000 $200,000 -------------------------------------------------------------------------------------------------------------------- 8. Bank One 5/31/00 Overnight Sweep $40,171,062 $40,171,062 -------------------------------------------------------------------------------------------------------------------- 9. N/A -------------------------------------------------------------------------------------------------------------------- 10. N/A -------------------------------------------------------------------------------------------------------------------- 11. TOTAL INVESTMENTS $40,371,062 $40,371,062 -------------------------------------------------------------------------------------------------------------------- CASH -------------------------------------------------------------------------------------------------------------------- 12. CURRENCY ON HAND $1,000 -------------------------------------------------------------------------------------------------------------------- 13. TOTAL CASH - END OF MONTH $40,971,596 --------------------------------------------------------------------------------------------------------------------
10 MONTHLY OPERATING REPORT CASE NAME: KITTY HAWK, INC. ACCRUAL BASIS-5 CASE NUMBER: 400-42141-BJH 02/13/95, RWD, 2/96 The debtor in possession must complete the reconciliation below for each bank account, including all general, payroll and tax accounts, as well as all savings and investment accounts, money market accounts, certificates of deposit, government obligations, etc. Accounts with restricted funds should be identified by placing an asterisk next to the account number. Attach additional sheets if necessary.
MONTH: May-00 ---------------------------------------------------------------------------------------------------------------------- BANK RECONCILIATIONS Account #4 Account #5 Account #6 ---------------------------------------------------------------------------------------------------------------------- A. BANK: Bank One Bank One Bank One ---------------------------------------------------------------------------------------------------------- B. ACCOUNT NUMBER: 1570695922 100129949/93199584 1586268961 TOTAL ---------------------------------------------------------------------------------------------------------- C. PURPOSE (TYPE): Payroll Health Insurance Flex Spending ---------------------------------------------------------------------------------------------------------------------- 1. BALANCE PER BANK STATEMENT $0 $0 $0 $0 ---------------------------------------------------------------------------------------------------------------------- 2. ADD: TOTAL DEPOSITS NOT CREDITED $0 $0 $0 $0 ---------------------------------------------------------------------------------------------------------------------- 3. SUBTRACT: OUTSTANDING CHECKS $0 $0 $0 $0 ---------------------------------------------------------------------------------------------------------------------- 4. OTHER RECONCILING ITEMS $0 $0 $0 $0 ---------------------------------------------------------------------------------------------------------------------- 5. MONTH END BALANCE PER BOOKS $0 $0 $0 $0 ---------------------------------------------------------------------------------------------------------------------- 6. NUMBER OF LAST CHECK WRITTEN 57949 No checks/135931 No activity 5/00 ---------------------------------------------------------------------------------------------------------------------- INVESTMENT ACCOUNTS ---------------------------------------------------------------------------------------------------------------------- DATE OF TYPE OF PURCHASE CURRENT BANK, ACCOUNT NAME & NUMBER PURCHASE INSTRUMENT PRICE VALUE ---------------------------------------------------------------------------------------------------------------------- 7. ---------------------------------------------------------------------------------------------------------------------- 8. ---------------------------------------------------------------------------------------------------------------------- 9. ---------------------------------------------------------------------------------------------------------------------- 10. ---------------------------------------------------------------------------------------------------------------------- 11. TOTAL INVESTMENTS $0 $0 ---------------------------------------------------------------------------------------------------------------------- CASH ---------------------------------------------------------------------------------------------------------------------- 12. CURRENCY ON HAND ---------------------------------------------------------------------------------------------------------------------- 13. TOTAL CASH - END OF MONTH $0 ----------------------------------------------------------------------------------------------------------------------
11 MONTHLY OPERATING REPORT CASE NAME: KITTY HAWK, INC. ACCRUAL BASIS-6 CASE NUMBER: 400-42141-BJH 02/13/95, RWD, 2/96 MONTH: MAY-00 PAYMENTS TO INSIDERS AND PROFESSIONALS OF THE TOTAL DISBURSEMENTS SHOWN FOR THE MONTH, LIST THE AMOUNT PAID TO INSIDERS (AS DEFINED IN SECTION 101 (31) (A)-(F) OF THE U.S. BANKRUPTCY CODE) AND TO PROFESSIONALS. ALSO, FOR PAYMENTS TO INSIDERS, IDENTIFY THE TYPE OF COMPENSATION PAID (e.g. SALARY, BONUS, COMMISSIONS, INSURANCE, HOUSING ALLOWANCE, TRAVEL, CAR ALLOWANCE, ETC.). ATTACH ADDITIONAL SHEETS IF NECESSARY. --------------------------------------------------------------------------- INSIDERS --------------------------------------------------------------------------- TYPE OF AMOUNT TOTAL PAID NAME PAYMENT PAID TO DATE --------------------------------------------------------------------------- 1. Mike Clark Salary $6,667 $6,667 --------------------------------------------------------------------------- 2. Jim Craig Salary $16,667 $16,667 --------------------------------------------------------------------------- 3. Janie Garrard Salary $2,625 $2,625 --------------------------------------------------------------------------- 4. Drew Keith Salary $18,404 $18,404 --------------------------------------------------------------------------- 5 Lena Baker Salary $3,750 $3,750 --------------------------------------------------------------------------- 6 Jim Reeves Salary $33,333 $33,333 --------------------------------------------------------------------------- 7 John Turnipseed Salary $10,417 $10,417 --------------------------------------------------------------------------- 8 TOTAL PAYMENTS TO INSIDERS $91,863 $91,863 ---------------------------------------------------------------------------
----------------------------------------------------------------------------------------------------------- PROFESSIONALS ----------------------------------------------------------------------------------------------------------- DATE OF COURT TOTAL ORDER AUTHORIZING AMOUNT AMOUNT TOTAL PAID INCURRED NAME PAYMENT APPROVED PAID TO DATE & UNPAID * ----------------------------------------------------------------------------------------------------------- 1. Lain Faulkner $25,074 ----------------------------------------------------------------------------------------------------------- 2. Haynes and Boone $290,000 ----------------------------------------------------------------------------------------------------------- 3. The Seabury Group $150,000 $150,000 $0 ----------------------------------------------------------------------------------------------------------- 4. ----------------------------------------------------------------------------------------------------------- 5. ----------------------------------------------------------------------------------------------------------- 6. TOTAL PAYMENTS TO PROFESSIONALS $0 $150,000 $150,000 $315,074 ----------------------------------------------------------------------------------------------------------- * INCLUDE ALL FEES INCURRED, BOTH APPROVED AND UNAPPROVED
------------------------------------------------------------------------- POSTPETITION STATUS OF SECURED NOTES, LEASES PAYABLE AND ADEQUATE PROTECTION PAYMENTS ------------------------------------------------------------------------- SCHEDULED AMOUNTS MONTHLY PAID TOTAL PAYMENTS DURING UNPAID NAME OF CREDITOR DUE MONTH POSTPETITION ------------------------------------------------------------------------- 1. N/A ------------------------------------------------------------------------- 2. N/A ------------------------------------------------------------------------- 3. N/A ------------------------------------------------------------------------- 4. N/A ------------------------------------------------------------------------- 5. N/A ------------------------------------------------------------------------- 6. TOTAL $0 $0 $0 ------------------------------------------------------------------------- 12 MONTHLY OPERATING REPORT CASE NAME: KITTY HAWK, INC. ACCRUAL BASIS-7 CASE NUMBER: 400-42141-BJH 02/13/95, RWD, 2/96 MONTH: MAY-00
QUESTIONNAIRE ----------------------------------------------------------------------------------------------------------------------------- YES NO ----------------------------------------------------------------------------------------------------------------------------- 1. HAVE ANY ASSETS BEEN SOLD OR TRANSFERRED OUTSIDE THE NORMAL COURSE OF BUSINESS THIS REPORTING PERIOD? X ----------------------------------------------------------------------------------------------------------------------------- 2. HAVE ANY FUNDS BEEN DISBURSED FROM ANY ACCOUNT OTHER THAN A DEBTOR IN POSSESSION ACCOUNT? X ----------------------------------------------------------------------------------------------------------------------------- 3. ARE ANY POSTPETITION RECEIVABLES (ACCOUNTS, NOTES, OR LOANS) DUE FROM RELATED PARTIES? X ----------------------------------------------------------------------------------------------------------------------------- 4. HAVE ANY PAYMENTS BEEN MADE ON PREPETITION LIABILITIES THIS REPORTING PERIOD? X ----------------------------------------------------------------------------------------------------------------------------- 5. HAVE ANY POSTPETITION LOANS BEEN RECEIVED BY THE DEBTOR FROM ANY PARTY? X ----------------------------------------------------------------------------------------------------------------------------- 6. ARE ANY POSTPETITION PAYROLL TAXES PAST DUE? X ----------------------------------------------------------------------------------------------------------------------------- 7. ARE ANY POSTPETITION STATE OR FEDERAL INCOME TAXES PAST DUE? X ----------------------------------------------------------------------------------------------------------------------------- 8. ARE ANY POSTPETITION REAL ESTATE TAXES PAST DUE? X ----------------------------------------------------------------------------------------------------------------------------- 9. ARE ANY OTHER POSTPETITION TAXES PAST DUE? X ----------------------------------------------------------------------------------------------------------------------------- 10. ARE ANY AMOUNTS OWED TO POSTPETITION CREDITORS DELINQUENT? X ----------------------------------------------------------------------------------------------------------------------------- 11. HAVE ANY PREPETITION TAXES BEEN PAID DURING THE REPORTING PERIOD? X ----------------------------------------------------------------------------------------------------------------------------- 12. ARE ANY WAGE PAYMENTS PAST DUE? X ----------------------------------------------------------------------------------------------------------------------------- IF THE ANSWER TO ANY OF THE ABOVE QUESTIONS IS "YES," PROVIDE A DETAILED EXPLANATION OF EACH ITEM. ATTACH ADDITIONAL SHEETS IF NECESSARY. INSURANCE ----------------------------------------------------------------------------------------------------------------------------- YES NO ----------------------------------------------------------------------------------------------------------------------------- 1. ARE WORKER'S COMPENSATION, GENERAL LIABILITY AND OTHER NECESSARY INSURANCE COVERAGES IN EFFECT? X ----------------------------------------------------------------------------------------------------------------------------- 2. ARE ALL PREMIUM PAYMENTS PAID CURRENT? X ----------------------------------------------------------------------------------------------------------------------------- 3. PLEASE ITEMIZE POLICIES BELOW. ----------------------------------------------------------------------------------------------------------------------------- IF THE ANSWER TO ANY OF THE ABOVE QUESTIONS IS "NO," OR IF ANY POLICIES HAVE BEEN CANCELLED OR NOT RENEWED DURING THIS REPORTING PERIOD, PROVIDE AN EXPLANATION BELOW. ATTACH ADDITIONAL SHEETS IF NECESSARY. ----------------------------------------------------------------------------------------------------------------------------- INSTALLMENT PAYMENTS ----------------------------------------------------------------------------------------------------------------------------- TYPE OF PAYMENT AMOUNT POLICY CARRIER PERIOD COVERED & FREQUENCY ----------------------------------------------------------------------------------------------------------------------------- 121 Aircraft Insurance Aviation Agency 6/1/2000 - 5/31/2001 781,160 Quarterly ----------------------------------------------------------------------------------------------------------------------------- Workers Comp Aviation Agency 1/1/2000 - 12/31/2000 124,382 Monthly ----------------------------------------------------------------------------------------------------------------------------- Inland Marine/Property GCU 4/1/2000 - 3/31/2001 9,902 Monthly ----------------------------------------------------------------------------------------------------------------------------- Professional Liab Aviation Agency 6/1/2000 - 5/31/2001 25,291 Annual ----------------------------------------------------------------------------------------------------------------------------- 135 Aircraft Insurance Aviation Agency 10/1/1999 - 9/30/2000 87,316 Quarterly ----------------------------------------------------------------------------------------------------------------------------- Primary Auto Aviation Agency 4/1/2000 - 3/31/2001 10,827 Monthly ----------------------------------------------------------------------------------------------------------------------------- Excess Auto Aviation Agency 4/1/2000 - 3/31/2001 29,870 Annual ----------------------------------------------------------------------------------------------------------------------------- Medical Equipment Aviation Agency 3/29/2000 -3/29/2001 3,363 Annual ----------------------------------------------------------------------------------------------------------------------------- Aggregate Claims Liab Reliastar 5/1/2000 - 4/30/2001 15,000 Annually ----------------------------------------------------------------------------------------------------------------------------- Claims Admin Runout CIGNA 5/1/2000 - 4/30/2001 125,779 One time ----------------------------------------------------------------------------------------------------------------------------- Pilot Long Term Disabl UNUM 5/1/2000 - 4/30/2001 7,975 Monthly ----------------------------------------------------------------------------------------------------------------------------- Stop Loss Reliastar 5/1/2000 - 4/30/2001 31,635 Monthly ----------------------------------------------------------------------------------------------------------------------------- Case Management Reliastar 5/1/2000 - 4/30/2001 1,329 Monthly ----------------------------------------------------------------------------------------------------------------------------- Claims Administration Allied Benefit System 5/1/2000 - 4/30/2001 25,052 Monthly ----------------------------------------------------------------------------------------------------------------------------- Life/AD&D CIGNA 5/1/2000 - 4/30/2001 11,732 Monthly ----------------------------------------------------------------------------------------------------------------------------- EAP Behavioral Health Partners 5/1/2000 - 4/30/2001 2,941 Monthly ----------------------------------------------------------------------------------------------------------------------------- Section 125 Admin Taxsaver 5/1/2000 - 4/30/2001 1,179 Monthly -----------------------------------------------------------------------------------------------------------------------------
13 CASE NAME: KITTY HAWK, INC. FOOTNOTES SUPPLEMENT CASE NUMBER: 400-42141-BJH ACCRUAL BASIS MONTH: May-00 - -------------------------------------------------------------------------------- ACCRUAL BASIS LINE FORM NUMBER NUMBER FOOTNOTE / EXPLANATION - -------------------------------------------------------------------------------- 3 8 All cash received into the each subsidiary cash account is swept each night to Kitty Hawk, Inc. Master Account - -------------------------------------------------------------------------------- 3 31 All disbursements (either by wire transfer or check), including payroll are disbursed out of the Kitty Hawk, Inc. controlled disbursement account. - -------------------------------------------------------------------------------- 4 6 All assessment of uncollectible accounts receivable are done at Kitty Hawk, Inc. All reserves are recorded at Inc. and pushed down to Inc.'s subsidiaries as deemed necessary. - -------------------------------------------------------------------------------- 7 All insurance policies are carried in the name of Kitty Hawk, Inc. and its subsidiaries. Therefore, they are listed here accordingly. - -------------------------------------------------------------------------------- 14 CASE NAME: KITTY HAWK, INC. CASE NUMBER: 00-42141 DETAILS OF OTHER ITEMS ACCRUAL BASIS-1 8. OTHER (ATTACH LIST) $ 372,389,617 Reported ----------------------- Intercompany Receivables 372,713,558 Escrow JRC 403,000 A/R Other 359,552 A/R Employees 1,029 A/R 401(k) Loan (615) A/R Travel Advance 1,883 Deferred Taxes (1,682,277) Deposits - Other 152,487 Deposits - Retainers 440,999 ----------------------- 372,389,616 Detail ----------------------- 1 Difference 14. OTHER ASSETS - NET OF AMORTIZATION (ATTACH LIST) 10,749,584 Reported ----------------------- Loan organizaiton costs 1,683,654 Bond offering costs 7,151,860 Non-compete - Beti Ward 393,755 Goodwill - KH Cargo 1,520,315 ----------------------- 10,749,584 Detail ----------------------- - Difference 15. OTHER (ATTACH LIST) 138,370,015 ----------------------- Investment in KH Aircargo 1,000 Investment in KH International 81,974,302 Investment in Longhorn 2,266,436 Investment in KH Cargo 54,128,277 ----------------------- 138,370,015 Detail ----------------------- - Difference 22. OTHER (ATTACH LIST) $ 819,587 Reported ----------------------- Accrued expenses 30,000 Accrued interest 771,641 Accrued Salaries/Wages/401(k) 17,946 ----------------------- 819,587 Detail ----------------------- - Difference 27. OTHER (ATTACH LIST) $ 35,264,930 Reported ----------------------- Deferred Taxes 37,136,131 Accrued Taxes payable (17,658,879) Interest payable 15,787,678 ----------------------- 35,264,930 Detail ----------------------- - Differnece 15 CASE NAME: KITTY HAWK, INC. CASE NUMBER: 00-42141 DETAILS OF OTHER ITEMS 16. NON-OPERATING INCOME (ATT. LIST) (201,613) Reported ----------------------- Interest Income (120,363) Other Misc Income (81,250) ----------------------- (201,613) Detail - Difference ACCRUAL BASIS-3 8. OTHER (ATTACH LIST) 55,101,467 Reported ----------------------- Transfers from Charters 8,144,523 Transfers from Cargo 18,011,553 Transfers from Aircargo 26,851,568 Transfers from International 1,014,030 Transfers to LSI (3,775) Interest income 118,219 Other Misc Income 81,250 Misc deposits/returned wires 884,098 ----------------------- 55,101,466 Detail ----------------------- 1 Difference ----------------------- 25. OTHER (ATTACH LIST) 17,777,991 Reported ----------------------- Inc. 401(k) 438,634 Bank charges 20,263 Fuel 9,790,729 Professional fees 655,953 Int'l 401(k) 171,348 Ground Handling 3,465,819 Landing 3,729 IATA payments 246,668 Set up escrow account 403,000 Shipping 106,558 Ondemand Charter costs 471,328 135 Airline costs 42,569 Contract Labor 173,787 Trucking 256,356 Customs/Parking 22,734 Misc 101,079 Subcharter Aircraft 1,407,437 ----------------------- 17,777,991 16 EX-99.2 3 0003.txt EXHIBIT 99.2 MONTHLY OPERATING REPORT CASE NAME: KITTY HAWK AIRCARGO, INC. ACCRUAL BASIS CASE NUMBER: 00-42142-BJH-11 02/13/95, RWD, 2/96 JUDGE: BARBARA J. HOUSER UNITED STATES BANKRUPTCY COURT NORTHERN DISTRICT OF TEXAS SIXTH DIVISION MONTHLY OPERATING REPORT MONTH ENDING: MAY 31, 2000 IN ACCORDANCE WITH TITLE 28, SECTION 1746, OF THE UNITED STATES CODE, I DECLARE UNDER PENALTY OF PERJURY THAT I HAVE EXAMINED THE FOLLOWING MONTHLY OPERATING REPORT (ACCRUAL BASIS-1 THROUGH ACCRUAL BASIS-7) AND THE ACCOMPANYING ATTACHMENTS AND, TO THE BEST OF MY KNOWLEDGE, THESE DOCUMENTS ARE TRUE, CORRECT AND COMPLETE. DECLARATION OF THE PREPARER (OTHER THAN RESPONSIBLE PARTY): IS BASED ON ALL INFORMATION OF WHICH PREPARER HAS ANY KNOWLEDGE. RESPONSIBLE PARTY: /s/ DREW KEITH CHIEF FINANCIAL OFFICER --------------------------------------- --------------------------- ORIGINAL SIGNATURE OF RESPONSIBLE PARTY TITLE DREW KEITH 06/30/00 --------------------------------------- --------------------------- PRINTED NAME OF RESPONSIBLE PARTY DATE PREPARER: /s/ KEVIN K. CRAIG CONTROLLER, KITTY HAWK INC. ------------------------------------------ --------------------------- ORIGINAL SIGNATURE OF PREPARER TITLE KEVIN K. CRAIG 06/30/00 ------------------------------------------ --------------------------- PRINTED NAME OF PREPARER DATE 17 MONTHLY OPERATING REPORT CASE NAME: KITTY HAWK AIRCARGO, INC. ACCRUAL BASIS-1 CASE NUMBER: 00-42142-BJH-11 02/13/95, RWD, 2/96 COMPARATIVE BALANCE SHEET
------------------------------------------------------------------------------------------------------------------------------ MONTH MONTH MONTH SCHEDULE --------------------------------------------------------- ASSETS AMOUNT May-00 ------------------------------------------------------------------------------------------------------------------------------ 1. UNRESTRICTED CASH $16,904 $20,429 ------------------------------------------------------------------------------------------------------------------------------ 2. RESTRICTED CASH $0 $0 ------------------------------------------------------------------------------------------------------------------------------ 3. TOTAL CASH $16,904 $20,429 $0 $0 ------------------------------------------------------------------------------------------------------------------------------ 4. ACCOUNTS RECEIVABLE (NET) $29,303,045 $17,146,971 ------------------------------------------------------------------------------------------------------------------------------ 5. INVENTORY $1,508,508 $1,160,182 ------------------------------------------------------------------------------------------------------------------------------ 6. NOTES RECEIVABLE $0 $0 ------------------------------------------------------------------------------------------------------------------------------ 7. PREPAID EXPENSES $2,294,717 $10,657,762 ------------------------------------------------------------------------------------------------------------------------------ 8. OTHER (ATTACH LIST) $111,256,463 ($28,936,431) ------------------------------------------------------------------------------------------------------------------------------ 9. TOTAL CURRENT ASSETS $144,379,636 $48,913 $0 $0 ------------------------------------------------------------------------------------------------------------------------------ 10. PROPERTY, PLANT & EQUIPMENT $166,772,560 $207,844,633 ------------------------------------------------------------------------------------------------------------------------------ 11. LESS: ACCUMULATED DEPRECIATION / DEPLETION $0 $40,994,725 ------------------------------------------------------------------------------------------------------------------------------ 12. NET PROPERTY, PLANT & EQUIPMENT $166,772,560 $166,849,908 $0 $0 ------------------------------------------------------------------------------------------------------------------------------ 13. DUE FROM INSIDERS $0 ------------------------------------------------------------------------------------------------------------------------------ 14. OTHER ASSETS - NET OF AMORTIZATION (ATTACH LIST) $0 $4,114,561 ------------------------------------------------------------------------------------------------------------------------------ 15. OTHER (ATTACH LIST) $0 $0 ------------------------------------------------------------------------------------------------------------------------------ 16. TOTAL ASSETS $311,152,196 $171,013,382 $0 $0 ------------------------------------------------------------------------------------------------------------------------------ POSTPETITION LIABILITIES ------------------------------------------------------------------------------------------------------------------------------ 17. ACCOUNTS PAYABLE $6,752,281 ------------------------------------------------------------------------------------------------------------------------------ 18. TAXES PAYABLE $658,318 ------------------------------------------------------------------------------------------------------------------------------ 19. NOTES PAYABLE $0 ------------------------------------------------------------------------------------------------------------------------------ 20. PROFESSIONAL FEES $0 ------------------------------------------------------------------------------------------------------------------------------ 21. SECURED DEBT $0 ------------------------------------------------------------------------------------------------------------------------------ 22. OTHER (ATTACH LIST) $7,903,201 ------------------------------------------------------------------------------------------------------------------------------ 23. TOTAL POSTPETITION LIABILITIES $15,313,800 $0 $0 ------------------------------------------------------------------------------------------------------------------------------ PREPETITION LIABILITIES ------------------------------------------------------------------------------------------------------------------------------ 24. SECURED DEBT $34,150,000 ------------------------------------------------------------------------------------------------------------------------------ 25. PRIORITY DEBT $2,177,962 $0 ------------------------------------------------------------------------------------------------------------------------------ 26. UNSECURED DEBT $184,252,878 $23,065,355 ------------------------------------------------------------------------------------------------------------------------------ 27. OTHER (ATTACH LIST) $0 $27,851,301 ------------------------------------------------------------------------------------------------------------------------------ 28. TOTAL PREPETITION LIABILITIES $186,430,840 $85,066,656 $0 $0 ------------------------------------------------------------------------------------------------------------------------------ 29. TOTAL LIABILITIES $186,430,840 $100,380,456 $0 $0 ------------------------------------------------------------------------------------------------------------------------------ EQUITY ------------------------------------------------------------------------------------------------------------------------------ 30. PREPETITION OWNERS' EQUITY $69,645,449 ------------------------------------------------------------------------------------------------------------------------------ 31. POSTPETITION CUMULATIVE PROFIT OR (LOSS) $987,477 ------------------------------------------------------------------------------------------------------------------------------ 32. DIRECT CHARGES TO EQUITY (ATTACH EXPLANATION) $0 ------------------------------------------------------------------------------------------------------------------------------ 33. TOTAL EQUITY $0 $70,632,926 $0 $0 ------------------------------------------------------------------------------------------------------------------------------ 34. TOTAL LIABILITIES & OWNERS' EQUITY $186,430,840 $171,013,382 $0 $0 ------------------------------------------------------------------------------------------------------------------------------
18 MONTHLY OPERATING REPORT CASE NAME: KITTY HAWK AIRCARGO, INC. ACCRUAL BASIS-2 CASE NUMBER: 00-42142-BJH-11 02/13/95, RWD, 2/96
INCOME STATEMENT -------------------------------------------------------------------------------------------------------------------------- MONTH MONTH MONTH ------------------------------------------------- QUARTER REVENUES May-00 TOTAL -------------------------------------------------------------------------------------------------------------------------- 1. GROSS REVENUES $18,152,582 $18,152,582 -------------------------------------------------------------------------------------------------------------------------- 2. LESS: RETURNS & DISCOUNTS $0 $0 -------------------------------------------------------------------------------------------------------------------------- 3. NET REVENUE $18,152,582 $0 $0 $18,152,582 -------------------------------------------------------------------------------------------------------------------------- COST OF GOODS SOLD -------------------------------------------------------------------------------------------------------------------------- 4. MATERIAL $0 $0 -------------------------------------------------------------------------------------------------------------------------- 5. DIRECT LABOR $0 $0 -------------------------------------------------------------------------------------------------------------------------- 6. DIRECT OVERHEAD $0 $0 -------------------------------------------------------------------------------------------------------------------------- 7. TOTAL COST OF GOODS SOLD $0 $0 $0 $0 -------------------------------------------------------------------------------------------------------------------------- 8. GROSS PROFIT $18,152,582 $0 $0 $18,152,582 -------------------------------------------------------------------------------------------------------------------------- OPERATING EXPENSES -------------------------------------------------------------------------------------------------------------------------- 9. OFFICER / INSIDER COMPENSATION $31,250 $31,250 -------------------------------------------------------------------------------------------------------------------------- 10. SELLING & MARKETING $600 $600 -------------------------------------------------------------------------------------------------------------------------- 11. GENERAL & ADMINISTRATIVE $1,100,981 $1,100,981 -------------------------------------------------------------------------------------------------------------------------- 12. RENT & LEASE $2,809,242 $2,809,242 -------------------------------------------------------------------------------------------------------------------------- 13. OTHER (ATTACH LIST) $12,089,872 $12,089,872 -------------------------------------------------------------------------------------------------------------------------- 14. TOTAL OPERATING EXPENSES $16,031,945 $0 $0 $16,031,945 -------------------------------------------------------------------------------------------------------------------------- 15. INCOME BEFORE NON-OPERATING INCOME & EXPENSE $2,120,637 $0 $0 $2,120,637 -------------------------------------------------------------------------------------------------------------------------- OTHER INCOME & EXPENSES -------------------------------------------------------------------------------------------------------------------------- 16. NON-OPERATING INCOME (ATT. LIST) $2,015 $2,015 -------------------------------------------------------------------------------------------------------------------------- 17. NON-OPERATING EXPENSE (ATT. LIST) $0 $0 -------------------------------------------------------------------------------------------------------------------------- 18. INTEREST EXPENSE $459,639 $459,639 -------------------------------------------------------------------------------------------------------------------------- 19. DEPRECIATION / DEPLETION $0 $0 -------------------------------------------------------------------------------------------------------------------------- 20. AMORTIZATION $13,188 $13,188 -------------------------------------------------------------------------------------------------------------------------- 21. OTHER (ATTACH LIST) $0 $0 -------------------------------------------------------------------------------------------------------------------------- 22. NET OTHER INCOME & EXPENSES $474,842 $0 $0 $474,842 -------------------------------------------------------------------------------------------------------------------------- REORGANIZATION EXPENSES -------------------------------------------------------------------------------------------------------------------------- 23. PROFESSIONAL FEES $0 $0 -------------------------------------------------------------------------------------------------------------------------- 24. U.S. TRUSTEE FEES $0 $0 -------------------------------------------------------------------------------------------------------------------------- 25. OTHER (ATTACH LIST) $0 $0 -------------------------------------------------------------------------------------------------------------------------- 26. TOTAL REORGANIZATION EXPENSES $0 $0 $0 $0 -------------------------------------------------------------------------------------------------------------------------- 27. INCOME TAX $658,319 $658,319 -------------------------------------------------------------------------------------------------------------------------- 28. NET PROFIT (LOSS) $987,476 $0 $0 $987,476 --------------------------------------------------------------------------------------------------------------------------
19 MONTHLY OPERATING REPORT CASE NAME: KITTY HAWK AIRCARGO, INC. ACCRUAL BASIS-3 CASE NUMBER: 00-42142-BJH-11 02/13/95, RWD, 2/96
----------------------------------------------------------------------------------------------------------------------------- CASH RECEIPTS AND MONTH MONTH MONTH -------------------------------------------------------- QUARTER DISBURSEMENTS May-00 TOTAL ----------------------------------------------------------------------------------------------------------------------------- 1. CASH - BEGINNING OF MONTH $17,232 $0 $0 $17,232 ----------------------------------------------------------------------------------------------------------------------------- RECEIPTS FROM OPERATIONS ----------------------------------------------------------------------------------------------------------------------------- 2. CASH SALES $0 $0 ----------------------------------------------------------------------------------------------------------------------------- COLLECTION OF ACCOUNTS RECEIVABLE ----------------------------------------------------------------------------------------------------------------------------- 3. PREPETITION $0 $0 ----------------------------------------------------------------------------------------------------------------------------- 4. POSTPETITION $26,863,194 $26,863,194 ----------------------------------------------------------------------------------------------------------------------------- 5. TOTAL OPERATING RECEIPTS $26,863,194 $0 $0 $26,863,194 ----------------------------------------------------------------------------------------------------------------------------- NON - OPERATING RECEIPTS ----------------------------------------------------------------------------------------------------------------------------- 6. LOANS & ADVANCES (ATTACH LIST) $0 $0 ----------------------------------------------------------------------------------------------------------------------------- 7. SALE OF ASSETS $0 $0 ----------------------------------------------------------------------------------------------------------------------------- 8. OTHER (ATTACH LIST) ($26,859,997) ($26,859,997) ----------------------------------------------------------------------------------------------------------------------------- 9. TOTAL NON-OPERATING RECEIPTS ($26,859,997) $0 $0 ($26,859,997) ----------------------------------------------------------------------------------------------------------------------------- 10. TOTAL RECEIPTS $3,197 $0 $0 $3,197 ----------------------------------------------------------------------------------------------------------------------------- 11. TOTAL CASH AVAILABLE $20,429 $0 $0 $20,429 ----------------------------------------------------------------------------------------------------------------------------- OPERATING DISBURSEMENTS ----------------------------------------------------------------------------------------------------------------------------- 12. NET PAYROLL $0 ----------------------------------------------------------------------------------------------------------------------------- 13. PAYROLL TAXES PAID $0 ----------------------------------------------------------------------------------------------------------------------------- 14. SALES, USE & OTHER TAXES PAID $0 ----------------------------------------------------------------------------------------------------------------------------- 15. SECURED / RENTAL / LEASES $0 ----------------------------------------------------------------------------------------------------------------------------- 16. UTILITIES $0 ----------------------------------------------------------------------------------------------------------------------------- 17. INSURANCE $0 ----------------------------------------------------------------------------------------------------------------------------- 18. INVENTORY PURCHASES $0 ----------------------------------------------------------------------------------------------------------------------------- 19. VEHICLE EXPENSES $0 ----------------------------------------------------------------------------------------------------------------------------- 20. TRAVEL $0 ----------------------------------------------------------------------------------------------------------------------------- 21. ENTERTAINMENT $0 ----------------------------------------------------------------------------------------------------------------------------- 22. REPAIRS & MAINTENANCE $0 ----------------------------------------------------------------------------------------------------------------------------- 23. SUPPLIES $0 ----------------------------------------------------------------------------------------------------------------------------- 24. ADVERTISING $0 ----------------------------------------------------------------------------------------------------------------------------- 25. OTHER (ATTACH LIST) $0 ----------------------------------------------------------------------------------------------------------------------------- 26. TOTAL OPERATING DISBURSEMENTS $0 $0 $0 $0 ----------------------------------------------------------------------------------------------------------------------------- REORGANIZATION EXPENSES ----------------------------------------------------------------------------------------------------------------------------- 27. PROFESSIONAL FEES $0 $0 ----------------------------------------------------------------------------------------------------------------------------- 28. U.S. TRUSTEE FEES $0 $0 ----------------------------------------------------------------------------------------------------------------------------- 29. OTHER (ATTACH LIST) $0 $0 ----------------------------------------------------------------------------------------------------------------------------- 30. TOTAL REORGANIZATION EXPENSES $0 $0 $0 $0 ----------------------------------------------------------------------------------------------------------------------------- 31. TOTAL DISBURSEMENTS $0 $0 $0 $0 ----------------------------------------------------------------------------------------------------------------------------- 32. NET CASH FLOW $3,197 $0 $0 $3,197 ----------------------------------------------------------------------------------------------------------------------------- 33. CASH - END OF MONTH $20,429 $0 $0 $20,429 -----------------------------------------------------------------------------------------------------------------------------
20 MONTHLY OPERATING REPORT CASE NAME: KITTY HAWK AIRCARGO, INC. ACCRUAL BASIS-4 CASE NUMBER: 00-42142-BJH-11 02/13/95, RWD, 2/96
----------------------------------------------------------------------------------------------------------------- MONTH MONTH MONTH SCHEDULE -------------------------------------------------- ACCOUNTS RECEIVABLE AGING AMOUNT May-00 ----------------------------------------------------------------------------------------------------------------- 1. 0-30 $27,808,237 $11,318,856 ----------------------------------------------------------------------------------------------------------------- 2. 31-60 $648,873 $3,988,996 ----------------------------------------------------------------------------------------------------------------- 3. 61-90 $923,454 $587,963 ----------------------------------------------------------------------------------------------------------------- 4. 91+ ($77,519) ($308,522) ----------------------------------------------------------------------------------------------------------------- 5. TOTAL ACCOUNTS RECEIVABLE $29,303,045 $15,587,293 $0 $0 ----------------------------------------------------------------------------------------------------------------- 6. AMOUNT CONSIDERED UNCOLLECTIBLE ----------------------------------------------------------------------------------------------------------------- 7. ACCOUNTS RECEIVABLE (NET) $29,303,045 $15,587,293 $0 $0 ----------------------------------------------------------------------------------------------------------------- --------------------------------------------------------------- AGING OF POSTPETITION TAXES AND PAYABLES MONTH: May-00 ----------------------------------------------------------------------------------------------------------------- 0-30 31-60 61-90 91+ TAXES PAYABLE DAYS DAYS DAYS DAYS TOTAL ----------------------------------------------------------------------------------------------------------------- 1. FEDERAL $658,317 $0 $0 $0 $658,317 ----------------------------------------------------------------------------------------------------------------- 2. STATE $0 $0 $0 $0 ----------------------------------------------------------------------------------------------------------------- 3. LOCAL $0 $0 $0 $0 ----------------------------------------------------------------------------------------------------------------- 4. OTHER (ATTACH LIST) $0 $0 $0 $0 ----------------------------------------------------------------------------------------------------------------- 5. TOTAL TAXES PAYABLE $658,317 $0 $0 $0 $658,317 ----------------------------------------------------------------------------------------------------------------- 6. ACCOUNTS PAYABLE $6,781,634 $0 $0 $0 $6,781,634 ----------------------------------------------------------------------------------------------------------------- ----------------------------------------------- STATUS OF POSTPETITION TAXES MONTH: May-00 ----------------------------------------------------------------------------------------------------------------- BEGINNING AMOUNT ENDING TAX WITHHELD AND/ AMOUNT TAX FEDERAL LIABILITY* 0R ACCRUED PAID LIABILITY ----------------------------------------------------------------------------------------------------------------- 1. WITHHOLDING** $0 $1,176,411 $1,176,411 $0 ----------------------------------------------------------------------------------------------------------------- 2. FICA-EMPLOYEE** $0 $0 ----------------------------------------------------------------------------------------------------------------- 3. FICA-EMPLOYER** $0 $0 ----------------------------------------------------------------------------------------------------------------- 4. UNEMPLOYMENT $0 $0 ----------------------------------------------------------------------------------------------------------------- 5. INCOME $0 $658,317 $658,317 ----------------------------------------------------------------------------------------------------------------- 6. OTHER (ATTACH LIST) $0 $0 ----------------------------------------------------------------------------------------------------------------- 7. TOTAL FEDERAL TAXES $0 $1,834,728 $1,176,411 $658,317 ----------------------------------------------------------------------------------------------------------------- STATE AND LOCAL ----------------------------------------------------------------------------------------------------------------- 8. WITHHOLDING $0 $0 ----------------------------------------------------------------------------------------------------------------- 9. SALES $0 $0 ----------------------------------------------------------------------------------------------------------------- 10. EXCISE $0 $0 ----------------------------------------------------------------------------------------------------------------- 11. UNEMPLOYMENT $0 $0 ----------------------------------------------------------------------------------------------------------------- 12. REAL PROPERTY $0 $0 ----------------------------------------------------------------------------------------------------------------- 13. PERSONAL PROPERTY $0 $0 ----------------------------------------------------------------------------------------------------------------- 14. OTHER (ATTACH LIST) $0 $0 ----------------------------------------------------------------------------------------------------------------- 15. TOTAL STATE & LOCAL $0 $0 $0 $0 ----------------------------------------------------------------------------------------------------------------- 16. TOTAL TAXES $0 $1,834,728 $1,176,411 $658,317 -----------------------------------------------------------------------------------------------------------------
* The beginning tax liability should represent the liability from the prior month or, if this is the first operating report, the amount should be zero. ** Attach photocopies of IRS Form 6123 or your FTD coupon and payment receipt to verify payment or deposit. 21 MONTHLY OPERATING REPORT CASE NAME: KITTY HAWK AIRCARGO, INC. ACCRUAL BASIS-5 CASE NUMBER: 00-42142-BJH-11 02/13/95, RWD, 2/96 The debtor in possession must complete the reconciliation below for each bank account, including all general, payroll and tax accounts, as well as all savings and investment accounts, money market accounts, certificates of deposit, government obligations, etc. Accounts with restricted funds should be identified by placing an asterisk next to the account number. Attach additional sheets if necessary.
MONTH: MAY, 2000 ----------------------------------------------------------------------------------------------------------- BANK RECONCILIATIONS Account #1 Account #2 Account #3 ----------------------------------------------------------------------------------------------------------- A. BANK: Bank One ----------------------------------------------------------------------------------------- B. ACCOUNT NUMBER: 1559691298 TOTAL ----------------------------------------------------------------------------------------- C. PURPOSE (TYPE): Operating Account ----------------------------------------------------------------------------------------------------------- 1. BALANCE PER BANK STATEMENT $0 $0 ----------------------------------------------------------------------------------------------------------- 2. ADD: TOTAL DEPOSITS NOT CREDITED $0 $0 ----------------------------------------------------------------------------------------------------------- 3. SUBTRACT: OUTSTANDING CHECKS $0 $0 ----------------------------------------------------------------------------------------------------------- 4. OTHER RECONCILING ITEMS $0 $0 ----------------------------------------------------------------------------------------------------------- 5. MONTH END BALANCE PER BOOKS $0 $0 $0 $0 ----------------------------------------------------------------------------------------------------------- 6. NUMBER OF LAST CHECK WRITTEN ----------------------------------------------------------------------------------------------------------- INVESTMENT ACCOUNTS ----------------------------------------------------------------------------------------------------------- DATE OF TYPE OF PURCHASE CURRENT BANK, ACCOUNT NAME & NUMBER PURCHASE INSTRUMENT PRICE VALUE ----------------------------------------------------------------------------------------------------------- 7. ----------------------------------------------------------------------------------------------------------- 8. ----------------------------------------------------------------------------------------------------------- 9. ----------------------------------------------------------------------------------------------------------- 10. ----------------------------------------------------------------------------------------------------------- 11. TOTAL INVESTMENTS $0 $0 ----------------------------------------------------------------------------------------------------------- CASH ----------------------------------------------------------------------------------------------------------- 12. CURRENCY ON HAND $20,429 ----------------------------------------------------------------------------------------------------------- 13. TOTAL CASH - END OF MONTH $20,429 -----------------------------------------------------------------------------------------------------------
22 MONTHLY OPERATING REPORT CASE NAME: KITTY HAWK AIRCARGO, INC. ACCRUAL BASIS-6 CASE NUMBER: 00-42142-BJH-11 02/13/95, RWD, 2/96 MONTH: MAY, 2000 PAYMENTS TO INSIDERS AND PROFESSIONALS OF THE TOTAL DISBURSEMENTS SHOWN FOR THE MONTH, LIST THE AMOUNT PAID TO INSIDERS (AS DEFINED IN SECTION 101 (31) (A)-(F) OF THE U.S. BANKRUPTCY CODE) AND TO PROFESSIONALS. ALSO, FOR PAYMENTS TO INSIDERS, IDENTIFY THE TYPE OF COMPENSATION PAID (e.g. SALARY, BONUS, COMMISSIONS, INSURANCE, HOUSING ALLOWANCE, TRAVEL, CAR ALLOWANCE, ETC.). ATTACH ADDITIONAL SHEETS IF NECESSARY. INSIDERS ----------------------------------------------------------------------- TYPE OF AMOUNT TOTAL PAID NAME PAYMENT PAID TO DATE ----------------------------------------------------------------------- 1. Clark Stevens Salary $14,583 $14,583 ----------------------------------------------------------------------- 2. Donny Scott Salary $8,333 $8,333 ----------------------------------------------------------------------- 3. Susan Hawley Salary $8,333 $8,333 ----------------------------------------------------------------------- 4. ----------------------------------------------------------------------- 5. ----------------------------------------------------------------------- 6. TOTAL PAYMENTS TO INSIDERS $31,250 $31,250 -----------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------------ PROFESSIONALS ------------------------------------------------------------------------------------------------------------------------------ DATE OF COURT TOTAL ORDER AUTHORIZING AMOUNT AMOUNT TOTAL PAID INCURRED NAME PAYMENT APPROVED PAID TO DATE & UNPAID * ------------------------------------------------------------------------------------------------------------------------------ 1. SEE KITTY HAWK, INC. MOR - CASE# 00-42141-BJH-11 ------------------------------------------------------------------------------------------------------------------------------ 2. ------------------------------------------------------------------------------------------------------------------------------ 3. ------------------------------------------------------------------------------------------------------------------------------ 4. ------------------------------------------------------------------------------------------------------------------------------ 5. ------------------------------------------------------------------------------------------------------------------------------ 6. TOTAL PAYMENTS TO PROFESSIONALS $0 $0 $0 $0 ------------------------------------------------------------------------------------------------------------------------------
* INCLUDE ALL FEES INCURRED, BOTH APPROVED AND UNAPPROVED ------------------------------------------------------------------------ POSTPETITION STATUS OF SECURED NOTES, LEASES PAYABLE AND ADEQUATE PROTECTION PAYMENTS ------------------------------------------------------------------------ SCHEDULED AMOUNTS MONTHLY PAID TOTAL PAYMENTS DURING UNPAID NAME OF CREDITOR DUE MONTH POSTPETITION ------------------------------------------------------------------------ 1. PEGASUS $318,591 $0 $318,591 ------------------------------------------------------------------------ 2. REPUBLIC $69,452 $0 $69,452 ------------------------------------------------------------------------ 3. WREN $23,070 $0 $23,070 ------------------------------------------------------------------------ 4. WELLS FARGO $0 $0 $0 ------------------------------------------------------------------------ 5. SEE ATTACHED $1,638,421 $0 $1,638,421 ------------------------------------------------------------------------ 6. TOTAL $2,049,533 $0 $2,049,533 ------------------------------------------------------------------------ 23 MONTHLY OPERATING REPORT CASE NAME: KITTY HAWK AIRCARGO, INC. ACCRUAL BASIS-7 CASE NUMBER: 400-42141-BJH 02/13/95, RWD, 2/96 MONTH: MAY-00
QUESTIONNAIRE ----------------------------------------------------------------------------------------------------------------------------- YES NO ----------------------------------------------------------------------------------------------------------------------------- 1. HAVE ANY ASSETS BEEN SOLD OR TRANSFERRED OUTSIDE THE NORMAL COURSE OF BUSINESS THIS REPORTING PERIOD? X ----------------------------------------------------------------------------------------------------------------------------- 2. HAVE ANY FUNDS BEEN DISBURSED FROM ANY ACCOUNT OTHER THAN A DEBTOR IN POSSESSION ACCOUNT? X ----------------------------------------------------------------------------------------------------------------------------- 3. ARE ANY POSTPETITION RECEIVABLES (ACCOUNTS, NOTES, OR LOANS) DUE FROM RELATED PARTIES? X ----------------------------------------------------------------------------------------------------------------------------- 4. HAVE ANY PAYMENTS BEEN MADE ON PREPETITION LIABILITIES THIS REPORTING PERIOD? X ----------------------------------------------------------------------------------------------------------------------------- 5. HAVE ANY POSTPETITION LOANS BEEN RECEIVED BY THE DEBTOR FROM ANY PARTY? X ----------------------------------------------------------------------------------------------------------------------------- 6. ARE ANY POSTPETITION PAYROLL TAXES PAST DUE? X ----------------------------------------------------------------------------------------------------------------------------- 7. ARE ANY POSTPETITION STATE OR FEDERAL INCOME TAXES PAST DUE? X ----------------------------------------------------------------------------------------------------------------------------- 8. ARE ANY POSTPETITION REAL ESTATE TAXES PAST DUE? X ----------------------------------------------------------------------------------------------------------------------------- 9. ARE ANY OTHER POSTPETITION TAXES PAST DUE? X ----------------------------------------------------------------------------------------------------------------------------- 10. ARE ANY AMOUNTS OWED TO POSTPETITION CREDITORS DELINQUENT? X ----------------------------------------------------------------------------------------------------------------------------- 11. HAVE ANY PREPETITION TAXES BEEN PAID DURING THE REPORTING PERIOD? X ----------------------------------------------------------------------------------------------------------------------------- 12. ARE ANY WAGE PAYMENTS PAST DUE? X ----------------------------------------------------------------------------------------------------------------------------- IF THE ANSWER TO ANY OF THE ABOVE QUESTIONS IS "YES," PROVIDE A DETAILED EXPLANATION OF EACH ITEM. ATTACH ADDITIONAL SHEETS IF NECESSARY. INSURANCE ----------------------------------------------------------------------------------------------------------------------------- YES NO ----------------------------------------------------------------------------------------------------------------------------- 1. ARE WORKER'S COMPENSATION, GENERAL LIABILITY AND OTHER NECESSARY INSURANCE COVERAGES IN EFFECT? X ----------------------------------------------------------------------------------------------------------------------------- 2. ARE ALL PREMIUM PAYMENTS PAID CURRENT? X ----------------------------------------------------------------------------------------------------------------------------- 3. PLEASE ITEMIZE POLICIES BELOW. ----------------------------------------------------------------------------------------------------------------------------- IF THE ANSWER TO ANY OF THE ABOVE QUESTIONS IS "NO," OR IF ANY POLICIES HAVE BEEN CANCELLED OR NOT RENEWED DURING THIS REPORTING PERIOD, PROVIDE AN EXPLANATION BELOW. ATTACH ADDITIONAL SHEETS IF NECESSARY. ----------------------------------------------------------------------------------------------------- INSTALLMENT PAYMENTS ----------------------------------------------------------------------------------------------------- TYPE OF PAYMENT AMOUNT POLICY CARRIER PERIOD COVERED & FREQUENCY ----------------------------------------------------------------------------------------------------- ----------------------------------------------------------------------------------------------------- SEE KITTY HAWK, INC. MOR - CASE # 00-42141-BJH-11 ----------------------------------------------------------------------------------------------------- ----------------------------------------------------------------------------------------------------- ----------------------------------------------------------------------------------------------------- ----------------------------------------------------------------------------------------------------- -----------------------------------------------------------------------------------------------------
24 CASE NAME: KITTY HAWK AIRCARGO, INC. CASE NUMBER: 00-42142-BJH-11 DETAILS OF OTHER ITEMS ACCRUAL BASIS-1 8. OTHER (ATTACH LIST) $(28,936,431) Reported ----------------------- Intercompany Receivables (33,008,813) Deposits - State Street Bank (TA Air) 3,534,696 Deposits - Ventura Aerospace 65,125 Deposits - Rent 112,723 Deposits - Misc 238,125 Intangible - Mather 121,713 ----------------------- (28,936,431) Detail ----------------------- - Difference 14. OTHER (ATTACH LIST) $ 4,114,561 Reported ----------------------- Deposits - Aircraft Leases 2,769,400 Intangible - ATAZ STC 1,345,161 ----------------------- 4,114,561 Detail ----------------------- - Difference 22. OTHER (ATTACH LIST) $ 7,903,201 Reported ----------------------- Accrued A/P 1,161,115 Accrued Salaries & Wages 1,885,162 Accrued 401K & Misc PR Deductions 296,088 Accrued Fuel Exp 3,085,509 Accrued Maintenance Reserves 1,174,494 Accrued Interest Exp 300,833 ----------------------- 7,903,201 Detail ----------------------- - Difference 27. OTHER (ATTACH LIST) $ 27,851,301 Reported ----------------------- Accrued A/P 12,970,573 Accrued Maintenance Reserves 10,267,512 Accrued Fed Income Tax 3,332,363 Accrued Taxes - Other 643 FINOVA Equip Accrued 419,710 Pegasus Lease Incentive 860,500 25 CASE NAME: KITTY HAWK AIRCARGO, INC. CASE NUMBER: 00-42142-BJH-11 DETAILS OF OTHER ITEMS ----------------------- 27,851,301 Detail ----------------------- - Difference ACCRUAL BASIS-2 13. OTHER (ATTACH LIST) $12,089,872 Reported ----------------------- Aircraft Expense 2,224,046 Maintenance 3,438,512 Fuel 704,574 Ops Wages-Flight 2,395,010 Ops Wages-Grnd 780,885 Ground Handling 1,239,208 Other Operating Exp 1,307,637 ----------------------- 12,089,872 Detail ----------------------- 0 Difference 16. NON-OPERATING INCOME (ATT. LIST) $2,015 Reported ----------------------- Interest Income 2,015 Detail ----------------------- (0) Difference ACCRUAL BASIS-3 8. OTHER (ATTACH LIST) (26,859,997) Reported ----------------------- Transfer to Inc - all money sweeps (26,859,997) Detail ----------------------- to KH Inc. Case #400-42141 - Difference ----------------------- 26 EX-99.3 4 0004.txt EXHIBIT 99.3 MONTHLY OPERATING REPORT CASE NAME: KITTY HAWK CHARTERS, INC. ACCRUAL BASIS CASE NUMBER: 400-42143-BJH 02/13/95, RWD, 2/96 JUDGE: BARBARA J. HOUSER UNITED STATES BANKRUPTCY COURT NORTHERN DISTRICT OF TEXAS SIXTH DIVISION MONTHLY OPERATING REPORT MONTH ENDING: MAY 31, 2000 IN ACCORDANCE WITH TITLE 28, SECTION 1746, OF THE UNITED STATES CODE, I DECLARE UNDER PENALTY OF PERJURY THAT I HAVE EXAMINED THE FOLLOWING MONTHLY OPERATING REPORT (ACCRUAL BASIS-1 THROUGH ACCRUAL BASIS-7) AND THE ACCOMPANYING ATTACHMENTS AND, TO THE BEST OF MY KNOWLEDGE, THESE DOCUMENTS ARE TRUE, CORRECT AND COMPLETE. DECLARATION OF THE PREPARER (OTHER THAN RESPONSIBLE PARTY): IS BASED ON ALL INFORMATION OF WHICH PREPARER HAS ANY KNOWLEDGE. RESPONSIBLE PARTY: /s/ DREW KEITH CFO --------------------------------------- -------------------- ORIGINAL SIGNATURE OF RESPONSIBLE PARTY TITLE Drew Keith 7/3/00 --------------------------------------- -------------------- PRINTED NAME OF RESPONSIBLE PARTY DATE PREPARER: /s/ JESSICA L. WILSON Corporate Controller --------------------------------------- -------------------- ORIGINAL SIGNATURE OF PREPARER TITLE Jessica L. Wilson 7/3/00 --------------------------------------- -------------------- PRINTED NAME OF PREPARER DATE 27 MONTHLY OPERATING REPORT - --------------------------------------- CASE NAME: KITTY HAWK CHARTERS, INC. ACCRUAL BASIS-1 - --------------------------------------- CASE NUMBER: 400-42143-BJH 02/13/95, RWD, 2/96 - ---------------------------------------
COMPARATIVE BALANCE SHEET - ----------------------------------------------------------------------------------------------- SCHEDULE MONTH MONTH MONTH -------------------------------------------- ASSETS AMOUNT MAY-00 - ----------------------------------------------------------------------------------------------- 1. UNRESTRICTED CASH ............ $ 15,476 ($ 151,013) - ----------------------------------------------------------------------------------------------- 2. RESTRICTED CASH - ----------------------------------------------------------------------------------------------- 3. TOTAL CASH ................... $ 15,476 ($ 151,013) $ 0 $ 0 - ----------------------------------------------------------------------------------------------- 4. ACCOUNTS RECEIVABLE (NET) ... $ 13,356,789 $ 13,564,511 - ----------------------------------------------------------------------------------------------- 5. INVENTORY .................... $ 6,052,580 - ----------------------------------------------------------------------------------------------- 6. NOTES RECEIVABLE.............. - ----------------------------------------------------------------------------------------------- 7. PREPAID EXPENSES ............. ($ 131,812) - ----------------------------------------------------------------------------------------------- 8. OTHER (ATTACH LIST) .......... $ 37,290,970 $ 41,538,662 - ----------------------------------------------------------------------------------------------- 9. TOTAL CURRENT ASSETS ......... $ 50,663,235 $ 60,872,928 $ 0 $ 0 - ----------------------------------------------------------------------------------------------- 10. PROPERTY, PLANT & EQUIPMENT . $ 17,083,867 $ 16,596,922 - ----------------------------------------------------------------------------------------------- 11. LESS: ACCUMULATED DEPRECIATION / DEPLETION .... $ 5,919,431 - ----------------------------------------------------------------------------------------------- 12. NET PROPERTY, PLANT & EQUIPMENT ................... $ 17,083,867 $ 10,677,491 $ 0 $ 0 - ----------------------------------------------------------------------------------------------- 13. DUE FROM INSIDERS ........... $ 0 - ----------------------------------------------------------------------------------------------- 14. OTHER ASSETS - NET OF AMORTIZATION (ATTACH LIST) .. $ 0 - ----------------------------------------------------------------------------------------------- 15. OTHER (ATTACH LIST).......... - ----------------------------------------------------------------------------------------------- 16. TOTAL ASSETS ................ $ 67,747,102 $ 71,550,419 $ 0 $ 0 - ----------------------------------------------------------------------------------------------- POSTPETITION LIABILITIES - ----------------------------------------------------------------------------------------------- 17. ACCOUNTS PAYABLE ............ $ 463,241 - ----------------------------------------------------------------------------------------------- 18. TAXES PAYABLE ............... $ 371,793 - ----------------------------------------------------------------------------------------------- 19. NOTES PAYABLE................ - ----------------------------------------------------------------------------------------------- 20. PROFESSIONAL FEES............ - ----------------------------------------------------------------------------------------------- 21. SECURED DEBT................. - ----------------------------------------------------------------------------------------------- 22. OTHER (ATTACH LIST) ......... $ 1,027,997 - ----------------------------------------------------------------------------------------------- 23. TOTAL POSTPETITION LIABILITIES ................. $ 1,863,031 $ 0 $ 0 - ----------------------------------------------------------------------------------------------- PREPETITION LIABILITIES - ----------------------------------------------------------------------------------------------- 24. SECURED DEBT ................ $ 152,776 $ 152,776 - ----------------------------------------------------------------------------------------------- 25. PRIORITY DEBT ............... $ 380,384 $ 0 - ----------------------------------------------------------------------------------------------- 26. UNSECURED DEBT .............. $ 10,596,326 $ 19,316,907 - ----------------------------------------------------------------------------------------------- 27. OTHER (ATTACH LIST) ......... $ 0 - ----------------------------------------------------------------------------------------------- 28. TOTAL PREPETITION LIABILITIES $ 11,129,486 $ 19,469,683 $ 0 $ 0 - ----------------------------------------------------------------------------------------------- 29. TOTAL LIABILITIES ........... $ 11,129,486 $ 21,332,714 $ 0 $ 0 - ----------------------------------------------------------------------------------------------- EQUITY - ----------------------------------------------------------------------------------------------- 30. PREPETITION OWNERS' EQUITY .. $ 49,838,534 - ----------------------------------------------------------------------------------------------- 31. POSTPETITION CUMULATIVE PROFIT OR (LOSS) ............ $ 379,171 - ----------------------------------------------------------------------------------------------- 32. DIRECT CHARGES TO EQUITY (ATTACH EXPLANATION) - ----------------------------------------------------------------------------------------------- 33. TOTAL EQUITY ................ $ 0 $ 50,217,705 $ 0 $ 0 - ----------------------------------------------------------------------------------------------- 34. TOTAL LIABILITIES & OWNERS' EQUITY .............. $ 11,129,486 $ 71,550,419 $ 0 $ 0 - -----------------------------------------------------------------------------------------------
28 MONTHLY OPERATING REPORT - --------------------------------------- CASE NAME: KITTY HAWK CHARTERS, INC. ACCRUAL BASIS-2 - --------------------------------------- CASE NUMBER: 400-42143-BJH 02/13/95, RWD, 2/96 - ---------------------------------------
INCOME STATEMENT - ----------------------------------------------------------------------------------------------- MONTH MONTH MONTH QUARTER ------------------------------------------ REVENUES MAY-00 TOTAL - ----------------------------------------------------------------------------------------------- 1. GROSS REVENUES ................... $ 8,346,976 $ 8,346,976 - ----------------------------------------------------------------------------------------------- 2. LESS: RETURNS & DISCOUNTS ........ $ 0 $ 0 - ----------------------------------------------------------------------------------------------- 3. NET REVENUE ...................... $ 8,346,976 $ 0 $ 0 $ 8,346,976 - ----------------------------------------------------------------------------------------------- COST OF GOODS SOLD - ----------------------------------------------------------------------------------------------- 4. MATERIAL ......................... $ 0 - ----------------------------------------------------------------------------------------------- 5. DIRECT LABOR ..................... $ 0 - ----------------------------------------------------------------------------------------------- 6. DIRECT OVERHEAD .................. $ 0 - ----------------------------------------------------------------------------------------------- 7. TOTAL COST OF GOODS SOLD ......... $ 0 $ 0 $ 0 $ 0 - ----------------------------------------------------------------------------------------------- 8. GROSS PROFIT ..................... $ 8,346,976 $ 0 $ 0 $ 8,346,976 - ----------------------------------------------------------------------------------------------- OPERATING EXPENSES - ----------------------------------------------------------------------------------------------- 9. OFFICER/INSIDER COMPENSATION .... $ 14,808 $ 14,808 - ----------------------------------------------------------------------------------------------- 10. SELLING & MARKETING ............. $ 0 - ----------------------------------------------------------------------------------------------- 11. GENERAL & ADMINISTRATIVE ........ $ 415,265 $ 415,265 - ----------------------------------------------------------------------------------------------- 12. RENT & LEASE .................... $ 0 - ----------------------------------------------------------------------------------------------- 13. OTHER (ATTACH LIST) ............. $ 7,213,658 $ 7,213,658 - ----------------------------------------------------------------------------------------------- 14. TOTAL OPERATING EXPENSES ........ $ 7,643,731 $ 0 $ 0 $ 7,643,731 - ----------------------------------------------------------------------------------------------- 15. INCOME BEFORE NON-OPERATING INCOME & EXPENSE ................ $ 703,245 $ 0 $ 0 $ 703,245 - ----------------------------------------------------------------------------------------------- OTHER INCOME & EXPENSES - ----------------------------------------------------------------------------------------------- 16. NON-OPERATING INCOME (ATT. LIST) $ 0 - ----------------------------------------------------------------------------------------------- 17. NON-OPERATING EXPENSE (ATT. LIST) $ 0 - ----------------------------------------------------------------------------------------------- 18. INTEREST EXPENSE ................ ($ 47,642) ($ 47,642) - ----------------------------------------------------------------------------------------------- 19. DEPRECIATION/DEPLETION .......... $ 165,362 $ 165,362 - ----------------------------------------------------------------------------------------------- 20. AMORTIZATION .................... $ 0 - ----------------------------------------------------------------------------------------------- 21. OTHER (ATTACH LIST) ............. $ 0 - ----------------------------------------------------------------------------------------------- 22. NET OTHER INCOME & EXPENSES ..... $ 117,720 $ 0 $ 0 $ 117,720 - ----------------------------------------------------------------------------------------------- REORGANIZATION EXPENSES - ----------------------------------------------------------------------------------------------- 23. PROFESSIONAL FEES ............... $ 0 - ----------------------------------------------------------------------------------------------- 24. U.S. TRUSTEE FEES ............... $ 0 - ----------------------------------------------------------------------------------------------- 25. OTHER (ATTACH LIST) ............. $ 0 - ----------------------------------------------------------------------------------------------- 26. TOTAL REORGANIZATION EXPENSES ... $ 0 $ 0 $ 0 $ 0 - ----------------------------------------------------------------------------------------------- 27. INCOME TAX ...................... $ 206,354 $ 206,354 - ----------------------------------------------------------------------------------------------- 28. NET PROFIT (LOSS) ............... $ 379,171 $ 0 $ 0 $ 379,171 - -----------------------------------------------------------------------------------------------
29 MONTHLY OPERATING REPORT - -------------------------------------- CASE NAME: KITTY HAWK CHARTERS, INC. ACCRUAL BASIS-3 - -------------------------------------- CASE NUMBER: 400-42143-BJH 02/13/95, RWD, 2/96 - --------------------------------------
- ------------------------------------------------------------------------------------------- CASH RECEIPTS AND MONTH MONTH MONTH QUARTER ------------------------------------------------------- DISBURSEMENTS MAY-00 TOTAL - ------------------------------------------------------------------------------------------- 1. CASH - BEGINNING OF MONTH .... $ 45,981 $ 45,981 - ------------------------------------------------------------------------------------------- RECEIPTS FROM OPERATIONS - ------------------------------------------------------------------------------------------- 2. CASH SALES .................. $ 10,657 $ 10,657 - ------------------------------------------------------------------------------------------- COLLECTION OF ACCOUNTS RECEIVABLE - ------------------------------------------------------------------------------------------- 3. PREPETITION .................. $ 7,936,872 $ 7,936,872 - ------------------------------------------------------------------------------------------- 4. POSTPETITION ................. $ 0 $ 0 - ------------------------------------------------------------------------------------------- 5. TOTAL OPERATING RECEIPTS ..... $ 7,947,529 $ 0 $ 0 $ 7,947,529 - ------------------------------------------------------------------------------------------- NON-OPERATING RECEIPTS - ------------------------------------------------------------------------------------------- 6. LOANS & ADVANCES (ATTACH LIST) $ 0 $ 0 - ------------------------------------------------------------------------------------------- 7. SALE OF ASSETS ............... $ 0 $ 0 - ------------------------------------------------------------------------------------------- 8. OTHER (ATTACH LIST) .......... ($8,144,523) ($8,144,523) - ------------------------------------------------------------------------------------------- 9. TOTAL NON-OPERATING RECEIPTS . ($8,144,523) $ 0 $ 0 ($8,144,523) - ------------------------------------------------------------------------------------------- 10. TOTAL RECEIPTS .............. ($ 196,994) $ 0 $ 0 ($ 196,994) - ------------------------------------------------------------------------------------------- 11. TOTAL CASH AVAILABLE ........ ($ 151,013) $ 0 $ 0 ($ 151,013) - ------------------------------------------------------------------------------------------- OPERATING DISBURSEMENTS - ------------------------------------------------------------------------------------------- 12. NET PAYROLL ................. $ 0 $ 0 - ------------------------------------------------------------------------------------------- 13. PAYROLL TAXES PAID .......... $ 0 $ 0 - ------------------------------------------------------------------------------------------- 14. SALES, USE & OTHER TAXES PAID $ 0 $ 0 - ------------------------------------------------------------------------------------------- 15. SECURED/RENTAL/LEASES ....... $ 0 $ 0 - ------------------------------------------------------------------------------------------- 16. UTILITIES ................... $ 0 $ 0 - ------------------------------------------------------------------------------------------- 17. INSURANCE ................... $ 0 $ 0 - ------------------------------------------------------------------------------------------- 18. INVENTORY PURCHASES ......... $ 0 $ 0 - ------------------------------------------------------------------------------------------- 19. VEHICLE EXPENSES ............ $ 0 $ 0 - ------------------------------------------------------------------------------------------- 20. TRAVEL ...................... $ 0 $ 0 - ------------------------------------------------------------------------------------------- 21. ENTERTAINMENT ............... $ 0 $ 0 - ------------------------------------------------------------------------------------------- 22. REPAIRS & MAINTENANCE ....... $ 0 $ 0 - ------------------------------------------------------------------------------------------- 23. SUPPLIES .................... $ 0 $ 0 - ------------------------------------------------------------------------------------------- 24. ADVERTISING ................. $ 0 $ 0 - ------------------------------------------------------------------------------------------- 25. OTHER (ATTACH LIST) ......... $ 0 $ 0 - ------------------------------------------------------------------------------------------- 26. TOTAL OPERATING DISBURSEMENTS $ 0 $ 0 $ 0 $ 0 - ------------------------------------------------------------------------------------------- REORGANIZATION EXPENSES - ------------------------------------------------------------------------------------------- 27. PROFESSIONAL FEES ........... $ 0 $ 0 - ------------------------------------------------------------------------------------------- 28. U.S. TRUSTEE FEES ........... $ 0 $ 0 - ------------------------------------------------------------------------------------------- 29. OTHER (ATTACH LIST) ......... $ 0 $ 0 - ------------------------------------------------------------------------------------------- 30. TOTAL REORGANIZATION EXPENSES $ 0 $ 0 $ 0 $ 0 - ------------------------------------------------------------------------------------------- 31. TOTAL DISBURSEMENTS ......... $ 0 $ 0 $ 0 $ 0 - ------------------------------------------------------------------------------------------- 32. NET CASH FLOW ............... ($ 196,994) $ 0 $ 0 ($ 196,994) - ------------------------------------------------------------------------------------------- 33. CASH - END OF MONTH ......... ($ 151,013) $ 0 $ 0 ($ 151,013) - -------------------------------------------------------------------------------------------
30 MONTHLY OPERATING REPORT CASE NAME: KITTY HAWK CHARTERS, INC. ACCRUAL BASIS-4 CASE NUMBER: 400-42143-BJH 02/13/95, RWD, 2/96
- -------------------------------------------------------------------------------------- SCHEDULE MONTH MONTH MONTH ACCOUNTS RECEIVABLE AGING AMOUNT MAY-00 - -------------------------------------------------------------------------------------- 1. 0-30 .......................... $ 6,667,898 - -------------------------------------------------------------------------------------- 2. 31-60 ......................... $ 2,719,399 - -------------------------------------------------------------------------------------- 3. 61-90 ......................... $ 1,140,125 - -------------------------------------------------------------------------------------- 4. 91+ ........................... $ 2,961,280 - -------------------------------------------------------------------------------------- 5. TOTAL ACCOUNTS RECEIVABLE ..... $ 0 $13,488,702 $ 0 $ 0 - -------------------------------------------------------------------------------------- 6. AMOUNT CONSIDERED UNCOLLECTIBLE $ 0 - -------------------------------------------------------------------------------------- 7. ACCOUNTS RECEIVABLE (NET) ..... $ 0 $13,488,702 $ 0 $ 0 - -------------------------------------------------------------------------------------- AGING OF POSTPETITION TAXES AND PAYABLES MONTH: MAY-00 - -------------------------------------------------------------------------------------- 0-30 31-60 61-90 91+ TAXES PAYABLE DAYS DAYS DAYS DAYS TOTAL - -------------------------------------------------------------------------------------- 1. FEDERAL .............. $364,293 $ 0 $ 0 $ 0 $364,293 - -------------------------------------------------------------------------------------- 2. STATE ................ $ 0 $ 0 $ 0 $ 0 $ 0 - -------------------------------------------------------------------------------------- 3. LOCAL ................ $ 7,500 $ 0 $ 0 $ 0 $ 7,500 - -------------------------------------------------------------------------------------- 4. OTHER (ATTACH LIST) .. $ 0 $ 0 $ 0 $ 0 $ 0 - -------------------------------------------------------------------------------------- 5. TOTAL TAXES PAYABLE .. $371,793 $ 0 $ 0 $ 0 $371,793 - -------------------------------------------------------------------------------------- - -------------------------------------------------------------------------------------- 6. ACCOUNTS PAYABLE ..... $463,241 $ 0 $ 0 $ 0 $463,241 - -------------------------------------------------------------------------------------- STATUS OF POSTPETITION TAXES MONTH: MAY-00 - -------------------------------------------------------------------------------------- BEGINNING AMOUNT ENDING TAX WITHHELD AND/ AMOUNT TAX FEDERAL LIABILITY* 0R ACCRUED PAID LIABILITY - -------------------------------------------------------------------------------------- 1. WITHHOLDING** .............. $ 0 $241,456 $241,456 $ 0 - -------------------------------------------------------------------------------------- 2. FICA-EMPLOYEE** ............ $ 0 $ 0 $ 0 $ 0 - -------------------------------------------------------------------------------------- 3. FICA-EMPLOYER** ............ $ 0 $ 0 $ 0 $ 0 - -------------------------------------------------------------------------------------- 4. UNEMPLOYMENT ............... $ 0 $ 0 $ 0 $ 0 - -------------------------------------------------------------------------------------- 5. INCOME ..................... $ 0 $206,354 $ 0 $206,354 - -------------------------------------------------------------------------------------- 6. OTHER (ATTACH LIST) ........ $ 0 $ 0 $ 0 $ 0 - -------------------------------------------------------------------------------------- 7. TOTAL FEDERAL TAXES ........ $ 0 $447,810 $241,456 $206,354 - -------------------------------------------------------------------------------------- STATE AND LOCAL - -------------------------------------------------------------------------------------- 8. WITHHOLDING ................ $ 0 $ 0 $ 0 $ 0 - -------------------------------------------------------------------------------------- 9. SALES ...................... $ 0 $ 0 $ 0 $ 0 - -------------------------------------------------------------------------------------- 10. EXCISE ..................... $136,514 $157,939 $136,514 $157,939 - -------------------------------------------------------------------------------------- 11. UNEMPLOYMENT ............... $ 0 $ 0 $ 0 $ 0 - -------------------------------------------------------------------------------------- 12. REAL PROPERTY .............. $ 0 $ 7,500 $ 0 $ 7,500 - -------------------------------------------------------------------------------------- 13. PERSONAL PROPERTY .......... $ 0 $ 0 $ 0 $ 0 - -------------------------------------------------------------------------------------- 14. OTHER (ATTACH LIST) ........ $ 0 $ 0 $ 0 $ 0 - -------------------------------------------------------------------------------------- 15. TOTAL STATE & LOCAL ........ $136,514 $165,439 $136,514 $165,439 - -------------------------------------------------------------------------------------- 16. TOTAL TAXES ................ $136,514 $613,249 $377,970 $371,793 - --------------------------------------------------------------------------------------
* The beginning tax liability should represent the liability from the prior month or, if this is the first operating report, the amount should be zero. ** Attach photocopies of IRS Form 6123 or your FTD coupon and payment receipt to verify payment or deposit. 31 MONTHLY OPERATING REPORT - -------------------------------------- CASE NAME: KITTY HAWK CHARTERS, INC. ACCRUAL BASIS-5 - -------------------------------------- CASE NUMBER: 400-42143-BJH 02/13/95, RWD, 2/96 - -------------------------------------- The debtor in possession must complete the reconciliation below for each bank account, including all general, payroll and tax accounts, as well as all savings and investment accounts, money market accounts, certificates of deposit, government obligations, etc. Accounts with restricted funds should be identified by placing an asterisk next to the account number. Attach additional sheets if necessary.
MONTH: MAY-00 BANK RECONCILIATIONS Account #1 Account #2 Account #3 - ------------------------------------------------------------------------------------- A. BANK: .......................... Bank One Sun Trust B. ACCOUNT NUMBER: ................ 100128198 5572932 TOTAL C. PURPOSE (TYPE): ................ Deposit Operating --------- 1. BALANCE PER BANK STATEMENT ..... $ 0 $ 41,888 $ 41,888 --------- 2. ADD: TOTAL DEPOSITS NOT CREDITED $ 0 $ 0 --------- 3. SUBTRACT: OUTSTANDING CHECKS ... $ 0 $ 0 --------- 4. OTHER RECONCILING ITEMS ........ ($207,651) $ 0 ($207,651) --------- 5. MONTH END BALANCE PER BOOKS .... ($207,651) $ 41,888 $ 0 ($165,763) --------- 6. NUMBER OF LAST CHECK WRITTEN ... No checks No checks - ------------------------------------------------------------------------------------- INVESTMENT ACCOUNTS - ------------------------------------------------------------------------------------- DATE OF TYPE OF PURCHASE CURRENT BANK, ACCOUNT NAME & NUMBER PURCHASE INSTRUMENT PRICE VALUE - ------------------------------------------------------------------------------------- 7. N/A - ------------------------------------------------------------------------------------- 8. N/A - ------------------------------------------------------------------------------------- 9. N/A - ------------------------------------------------------------------------------------- 10. N/A - ------------------------------------------------------------------------------------- 11. TOTAL INVESTMENTS $0 $0 - ------------------------------------------------------------------------------------- CASH - ------------------------------------------------------------------------------------- 12. CURRENCY ON HAND ........ $ 14,750 - ------------------------------------------------------------------------------------- - ------------------------------------------------------------------------------------- 13. TOTAL CASH - END OF MONTH ($151,013) - -------------------------------------------------------------------------------------
32 MONTHLY OPERATING REPORT - ------------------------------------ CASE NAME: KITTY HAWK CHARTERS, INC. ACCRUAL BASIS-6 - ------------------------------------ CASE NUMBER: 400-42143-BJH 02/13/95, RWD, 2/96 - ------------------------------------ - -------------------------------------------------------------------------------- MONTH: May 2000 PAYMENTS TO INSIDERS AND PROFESSIONALS OF THE TOTAL DISBURSEMENTS SHOWN FOR THE MONTH, LIST THE AMOUNT PAID TO INSIDERS (AS DEFINED IN SECTION 101 (31) (A)-(F) OF THE U.S. BANKRUPTCY CODE) AND TO PROFESSIONALS. ALSO, FOR PAYMENTS TO INSIDERS, IDENTIFY THE TYPE OF COMPENSATION PAID (e.g. SALARY, BONUS, COMMISSIONS, INSURANCE, HOUSING ALLOWANCE, TRAVEL, CAR ALLOWANCE, ETC.). ATTACH ADDITIONAL SHEETS IF NECESSARY.
INSIDERS - -------------------------------------------------------------------------------- TYPE OF AMOUNT TOTAL PAID NAME PAYMENT PAID TO DATE - -------------------------------------------------------------------------------- 1. Toby Skaar ............................ Salary $ 4,808 $ 4,808 - -------------------------------------------------------------------------------- 2. Doug Kalitta .......................... Salary $10,000 $10,000 - -------------------------------------------------------------------------------- 3. N/A.................................... - -------------------------------------------------------------------------------- 4. N/A.................................... - -------------------------------------------------------------------------------- 5. N/A.................................... - -------------------------------------------------------------------------------- 6. TOTAL PAYMENTS TO INSIDERS ........................... $14,808 $14,808 - -------------------------------------------------------------------------------- PROFESSIONALS - -------------------------------------------------------------------------------- DATE OF COURT TOTAL ORDER AUTHORIZING AMOUNT AMOUNT TOTAL PAID INCURRED NAME PAYMENT APPROVED PAID TO DATE & UNPAID * - -------------------------------------------------------------------------------- 1. N/A.......................... - -------------------------------------------------------------------------------- 2. N/A.......................... - -------------------------------------------------------------------------------- 3. N/A.......................... - -------------------------------------------------------------------------------- 4. N/A.......................... - -------------------------------------------------------------------------------- 5. N/A.......................... - -------------------------------------------------------------------------------- 6. TOTAL PAYMENTS TO PROFESSIONALS ............ $0 $0 $0 $0 - -------------------------------------------------------------------------------- * INCLUDE ALL FEES INCURRED, BOTH APPROVED AND UNAPPROVED POSTPETITION STATUS OF SECURED NOTES, LEASES PAYABLE AND ADEQUATE PROTECTION PAYMENTS - -------------------------------------------------------------------------------- SCHEDULED AMOUNTS MONTHLY PAID TOTAL PAYMENTS DURING UNPAID NAME OF CREDITOR DUE MONTH POSTPETITION - -------------------------------------------------------------------------------- 1. GE Capital .................. $11,579 $ 0 $23,158 - -------------------------------------------------------------------------------- 2. N/A.......................... - -------------------------------------------------------------------------------- 3. N/A.......................... - -------------------------------------------------------------------------------- 4. N/A.......................... - -------------------------------------------------------------------------------- 5. N/A.......................... - -------------------------------------------------------------------------------- 6. TOTAL ....................... $11,579 $ 0 $23,158 - --------------------------------------------------------------------------------
33 MONTHLY OPERATING REPORT - -------------------------------------- CASE NAME: KITTY HAWK CHARTERS, INC. ACCRUAL BASIS-7 - -------------------------------------- CASE NUMBER: 400-42143-BJH 02/13/95, RWD, 2/96 - -------------------------------------- MONTH: MAY-00
QUESTIONNAIRE - ------------------------------------------------------------------------------------------ YES NO - ------------------------------------------------------------------------------------------ 1. HAVE ANY ASSETS BEEN SOLD OR TRANSFERRED OUTSIDE THE NORMAL COURSE OF BUSINESS THIS REPORTING PERIOD? X - ------------------------------------------------------------------------------------------ 2. HAVE ANY FUNDS BEEN DISBURSED FROM ANY ACCOUNT OTHER THAN A DEBTOR IN POSSESSION ACCOUNT? X - ------------------------------------------------------------------------------------------ 3. ARE ANY POSTPETITION RECEIVABLES (ACCOUNTS, NOTES, OR LOANS) DUE FROM RELATED PARTIES? X - ------------------------------------------------------------------------------------------ 4. HAVE ANY PAYMENTS BEEN MADE ON PREPETITION LIABILITIES THIS REPORTING PERIOD? X - ------------------------------------------------------------------------------------------ 5. HAVE ANY POSTPETITION LOANS BEEN RECEIVED BY THE DEBTOR FROM ANY PARTY? X - ------------------------------------------------------------------------------------------ 6. ARE ANY POSTPETITION PAYROLL TAXES PAST DUE? X - ------------------------------------------------------------------------------------------ 7. ARE ANY POSTPETITION STATE OR FEDERAL INCOME TAXES PAST DUE? X - ------------------------------------------------------------------------------------------ 8. ARE ANY POSTPETITION REAL ESTATE TAXES PAST DUE? X - ------------------------------------------------------------------------------------------ 9. ARE ANY OTHER POSTPETITION TAXES PAST DUE? X - ------------------------------------------------------------------------------------------ 10. ARE ANY AMOUNTS OWED TO POSTPETITION CREDITORS DELINQUENT? X - ------------------------------------------------------------------------------------------ 11. HAVE ANY PREPETITION TAXES BEEN PAID DURING THE REPORTING PERIOD? X - ------------------------------------------------------------------------------------------ 12. ARE ANY WAGE PAYMENTS PAST DUE? X - ------------------------------------------------------------------------------------------ IF THE ANSWER TO ANY OF THE ABOVE QUESTIONS IS "YES," PROVIDE A DETAILED EXPLANATION OF EACH ITEM. ATTACH ADDITIONAL SHEETS IF NECESSARY. - ------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------ INSURANCE - ------------------------------------------------------------------------------------------ YES NO - ------------------------------------------------------------------------------------------ 1. ARE WORKER'S COMPENSATION, GENERAL LIABILITY AND OTHER NECESSARY INSURANCE COVERAGES IN EFFECT? X - ------------------------------------------------------------------------------------------ 2. ARE ALL PREMIUM PAYMENTS PAID CURRENT? X - ------------------------------------------------------------------------------------------ 3. PLEASE ITEMIZE POLICIES BELOW. - ------------------------------------------------------------------------------------------ IF THE ANSWER TO ANY OF THE ABOVE QUESTIONS IS "NO," OR IF ANY POLICIES HAVE BEEN CANCELLED OR NOT RENEWED DURING THIS REPORTING PERIOD, PROVIDE AN EXPLANATION BELOW. ATTACH ADDITIONAL SHEETS IF NECESSARY. - ------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------ INSTALLMENT PAYMENTS - ------------------------------------------------------------------------------------------ TYPE OF PAYMENT AMOUNT POLICY CARRIER PERIOD COVERED & FREQUENCY - ------------------------------------------------------------------------------------------ See Kitty Hawk, Inc. Case #400-42141 - ------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------
34 - -------------------------------------- CASE NAME: KITTY HAWK CHARTERS, INC. FOOTNOTES SUPPLEMENT - -------------------------------------- CASE NUMBER: 400-42143-BJH ACCRUAL BASIS - -------------------------------------- MONTH: May-00 - -------------------------------------------------------------------------------- ACCRUAL BASIS LINE FORM NUMBER NUMBER FOOTNOTE/EXPLANATION - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- 6 All Professional fees related to the - -------------------------------------------------------------------------------- Reorganization of the Company are disbursed out - -------------------------------------------------------------------------------- of Kitty Hawk, Inc. (Parent Company). Refer to - -------------------------------------------------------------------------------- Case # 400-42141 - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- 7 All insurance plans related to the Company are - -------------------------------------------------------------------------------- carried at Kitty Hawk, Inc. (Parent Company). - -------------------------------------------------------------------------------- Refer to Case # 400-42141. - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- 3 3 The current general ledger system is not able - -------------------------------------------------------------------------------- to provide a detail of customer cash receipts - -------------------------------------------------------------------------------- segregated by prepetition accounts receivable - -------------------------------------------------------------------------------- and post petition accounts receivable. - -------------------------------------------------------------------------------- Therefore, cash receipts is provided in total - -------------------------------------------------------------------------------- for the month. - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- 3 8 All cash received into the Company cash - -------------------------------------------------------------------------------- accounts is swept each night to Kitty Hawk, Inc. - -------------------------------------------------------------------------------- Master Account (see Case #400-42141). - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- 3 31 All disbursements (either by wire transfer or - -------------------------------------------------------------------------------- check), including payroll are disbursed out of - -------------------------------------------------------------------------------- the Kitty Hawk, Inc. controlled disbursement - -------------------------------------------------------------------------------- account. - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- 4 6 All assessment of uncollectible accounts - -------------------------------------------------------------------------------- receivable are done at Kitty Hawk, Inc. Refer to - -------------------------------------------------------------------------------- Case #400-4214. All reserves are recorded at - -------------------------------------------------------------------------------- Inc. and pushed down to Inc.'s subsidiaries as - -------------------------------------------------------------------------------- deemed necessary. - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- 4 7 The A/R aging does not reconcile to the general - -------------------------------------------------------------------------------- ledger due to historical system problems. - -------------------------------------------------------------------------------- Difference is $75,809. - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- 1 1 Cash is negative for the month due to a cash - -------------------------------------------------------------------------------- receipt not being posted to the general ledger - -------------------------------------------------------------------------------- prior to the month being closed. This will be - -------------------------------------------------------------------------------- corrected in the following month. - -------------------------------------------------------------------------------- 35 CASE NAME: KITTY HAWK CHARTERS, INC. CASE NUMBER: 00-42143 DETAILS OF OTHER ITEMS ACCRUAL BASIS-1 8. OTHER (ATTACH LIST) ............................. $41,538,662 Reported ----------- Intercompany Receivables .................... 41,491,337 Contra A/R .................................. 420 A/R Other ................................... 52,231 A/R Clearing ................................ 78,621 A/R Customer Refund ......................... 30,735 A/R Accrued ................................. (197,342) A/R 401(k) Loan ............................. (3,162) A/R Employees ............................... 35,878 A/R Clothing Sales .......................... 11,600 A/R Payroll Advance ......................... -- Fuel Inventory .............................. 33,366 Misc ........................................ (3,272) Security Deposit ............................ 8,250 ----------- 41,538,662 Detail ----------- - Difference 22. OTHER (ATTACH LIST) ............................. $ 1,027,997 Reported ----------- Accrued charter expenses .................... 759,089 Accrued Salaries/Wages ...................... (27,323) Accrued 401(k) .............................. (1,693) Accrued accounting/legal .................... 20,000 A/P Unrecorded .............................. 26,000 Adjusted FET ................................ (180,764) Misc ........................................ 104 Accrued Fuel ................................ 432,582 ----------- 1,027,995 Detail ----------- 2 Difference ACCRUAL BASIS-2 13. OTHER (ATTACH LIST) ............................. $ 7,213,658 Reported ----------- Ondemand costs .............................. 5,623,769 135 Airline charter costs ................... 110,748 Fuel ........................................ 496,006 Wages ....................................... 699,442 Travel expense .............................. 10,052 Insurance ................................... 39,717 Other ....................................... 2,577 Rotables/Repair/Consumables.................. 235,933 Shipping .................................... 2,648 Shop materials/equip rental.................. 14,230 Maintenance allocation ...................... (21,463) ----------- 7,213,659 Detail ----------- (1)Difference 36 EX-99.4 5 0005.txt EXHIBIT 99.4 MONTHLY OPERATING REPORT - ----------------------------------------- CASE NAME: KITTY HAWK INTERNATIONAL, INC. ACCRUAL BASIS - ----------------------------------------- CASE NUMBER: 400-42144 02/13/95, RWD, 2/96 - ----------------------------------------- JUDGE: BARBARA J. HOUSER - ----------------------------------------- UNITED STATES BANKRUPTCY COURT NORTHERN DISTRICT OF TEXAS SIXTH DIVISION MONTHLY OPERATING REPORT MONTH ENDING: MAY 31, 2000 IN ACCORDANCE WITH TITLE 28, SECTION 1746, OF THE UNITED STATES CODE, I DECLARE UNDER PENALTY OF PERJURY THAT I HAVE EXAMINED THE FOLLOWING MONTHLY OPERATING REPORT (ACCRUAL BASIS-1 THROUGH ACCRUAL BASIS-7) AND THE ACCOMPANYING ATTACHMENTS AND, TO THE BEST OF MY KNOWLEDGE, THESE DOCUMENTS ARE TRUE, CORRECT AND COMPLETE. DECLARATION OF THE PREPARER (OTHER THAN RESPONSIBLE PARTY): IS BASED ON ALL INFORMATION OF WHICH PREPARER HAS ANY KNOWLEDGE. RESPONSIBLE PARTY: /s/ DREW KEITH CFO - --------------------------------------- --------------------------------- ORIGINAL SIGNATURE OF RESPONSIBLE PARTY TITLE Drew Keith 7/3/00 - --------------------------------------- --------------------------------- PRINTED NAME OF RESPONSIBLE PARTY DATE PREPARER: /s/ JESSICA L. WILSON Corporate Controller - --------------------------------------- --------------------------------- ORIGINAL SIGNATURE OF PREPARER TITLE Jessica L. Wilson 7/3/00 - --------------------------------------- --------------------------------- PRINTED NAME OF PREPARER DATE 37 MONTHLY OPERATING REPORT - ------------------------------------------- CASE NAME: KITTY HAWK INTERNATIONAL, INC. ACCRUAL BASIS-1 - ------------------------------------------- CASE NUMBER: 400-42144 02/13/95, RWD, 2/96 - -------------------------------------------
COMPARATIVE BALANCE SHEET - --------------------------------------------------------------------------------------------------- SCHEDULE MONTH MONTH MONTH ---------------------------------------------- ASSETS AMOUNT MAY-00 - --------------------------------------------------------------------------------------------------- 1. UNRESTRICTED CASH ........... $ 40,098 $ 30,292 - --------------------------------------------------------------------------------------------------- 2. RESTRICTED CASH ............. $ 0 - --------------------------------------------------------------------------------------------------- 3. TOTAL CASH .................. $ 40,098 $ 30,292 $ 0 $ 0 - --------------------------------------------------------------------------------------------------- 4. ACCOUNTS RECEIVABLE (NET) .. $ 9,006,275 $ 8,330,743 - --------------------------------------------------------------------------------------------------- 5. INVENTORY ................... $ 20,429,725 $ 20,325,531 - --------------------------------------------------------------------------------------------------- 6. NOTES RECEIVABLE ............ $ 0 - --------------------------------------------------------------------------------------------------- 7. PREPAID EXPENSES ............ $ 68,645 - --------------------------------------------------------------------------------------------------- 8. OTHER (ATTACH LIST) ......... $ 21,367,511 ($347,687,876) - --------------------------------------------------------------------------------------------------- 9. TOTAL CURRENT ASSETS ........ $ 50,843,609 ($318,932,665) $ 0 $ 0 - --------------------------------------------------------------------------------------------------- 10. PROPERTY, PLANT & EQUIPMENT . $ 474,988,760 $ 566,864,544 - --------------------------------------------------------------------------------------------------- 11. LESS: ACCUMULATED DEPRECIATION/DEPLETION ...... $ 89,110,093 - --------------------------------------------------------------------------------------------------- 12. NET PROPERTY, PLANT & EQUIPMENT ................... $ 474,988,760 $ 477,754,451 $ 0 $ 0 - --------------------------------------------------------------------------------------------------- 13. DUE FROM INSIDERS ........... $ 599,113 - --------------------------------------------------------------------------------------------------- 14. OTHER ASSETS - NET OF AMORTIZATION (ATTACH LIST) . $ 0 - --------------------------------------------------------------------------------------------------- 15. OTHER (ATTACH LIST) ......... $ 0 - --------------------------------------------------------------------------------------------------- 16. TOTAL ASSETS ................ $ 525,832,369 $ 159,420,899 $ 0 $ 0 - --------------------------------------------------------------------------------------------------- POSTPETITION LIABILITIES - --------------------------------------------------------------------------------------------------- 17. ACCOUNTS PAYABLE ............ $ 29,892 - --------------------------------------------------------------------------------------------------- 18. TAXES PAYABLE ............... $ 24,303 - --------------------------------------------------------------------------------------------------- 19. NOTES PAYABLE ............... $ 0 - --------------------------------------------------------------------------------------------------- 20. PROFESSIONAL FEES .......... $ 0 - --------------------------------------------------------------------------------------------------- 21. SECURED DEBT ................ $ 0 - --------------------------------------------------------------------------------------------------- 22. OTHER (ATTACH LIST) ......... ($ 34,441) - --------------------------------------------------------------------------------------------------- 23. TOTAL POSTPETITION LIABILITIES ................. $ 19,754 $ 0 $ 0 - --------------------------------------------------------------------------------------------------- PREPETITION LIABILITIES - --------------------------------------------------------------------------------------------------- 24. SECURED DEBT ................ $ 23,187,921 $ 23,109,424 - --------------------------------------------------------------------------------------------------- 25. PRIORITY DEBT ............... $ 4,672,323 $ 0 - --------------------------------------------------------------------------------------------------- 26. UNSECURED DEBT .............. $ 392,188,633 $ 14,942,082 - --------------------------------------------------------------------------------------------------- 27. OTHER (ATTACH LIST) ......... $ 92,648,683 - --------------------------------------------------------------------------------------------------- 28. TOTAL PREPETITION LIABILITIES $ 420,048,877 $ 130,700,189 $ 0 $ 0 - --------------------------------------------------------------------------------------------------- 29. TOTAL LIABILITIES ........... $ 420,048,877 $ 130,719,943 $ 0 $ 0 - --------------------------------------------------------------------------------------------------- EQUITY - --------------------------------------------------------------------------------------------------- 30. PREPETITION OWNERS' EQUITY .. $ 29,200,132 - --------------------------------------------------------------------------------------------------- 31. POSTPETITION CUMULATIVE PROFIT OR (LOSS) ............ ($ 499,176) - --------------------------------------------------------------------------------------------------- 32. DIRECT CHARGES TO EQUITY (ATTACH EXPLANATION) - --------------------------------------------------------------------------------------------------- 33. TOTAL EQUITY ................ $ 0 $ 28,700,956 $ 0 $ 0 - --------------------------------------------------------------------------------------------------- 34. TOTAL LIABILITIES & OWNERS' EQUITY .............. $ 420,048,877 $ 159,420,899 $ 0 $ 0 - ---------------------------------------------------------------------------------------------------
38 MONTHLY OPERATING REPORT - ------------------------------------------ CASE NAME: KITTY HAWK INTERNATIONAL, INC. ACCRUAL BASIS-2 - ------------------------------------------ CASE NUMBER: 400-42144 02/13/95, RWD, 2/96 - ------------------------------------------
INCOME STATEMENT - --------------------------------------------------------------------------------------- MONTH MONTH MONTH QUARTER ----------------------------------- TOTAL REVENUES ............................ MAY-00 - --------------------------------------------------------------------------------------- 1. GROSS REVENUES .................. $ 2,405 $ 2,405 - --------------------------------------------------------------------------------------- 2. LESS: RETURNS & DISCOUNTS ....... $ 0 $ 0 - --------------------------------------------------------------------------------------- 3. NET REVENUE ..................... $ 2,405 $ 0 $ 0 $ 2,405 - --------------------------------------------------------------------------------------- COST OF GOODS SOLD - --------------------------------------------------------------------------------------- 4. MATERIAL ........................ $ 0 $ 0 - --------------------------------------------------------------------------------------- 5. DIRECT LABOR .................... $ 0 $ 0 - --------------------------------------------------------------------------------------- 6. DIRECT OVERHEAD ................. $ 0 $ 0 - --------------------------------------------------------------------------------------- 7. TOTAL COST OF GOODS SOLD ........ $ 0 $ 0 $ 0 $ 0 - --------------------------------------------------------------------------------------- 8. GROSS PROFIT .................... $ 2,405 $ 0 $ 0 $ 2,405 - --------------------------------------------------------------------------------------- OPERATING EXPENSES - --------------------------------------------------------------------------------------- 9. OFFICER/INSIDER COMPENSATION .... $ 17,200 $ 17,200 - --------------------------------------------------------------------------------------- 10. SELLING & MARKETING ............. $ 0 $ 0 - --------------------------------------------------------------------------------------- 11. GENERAL & ADMINISTRATIVE ........ $ 136,886 $ 136,886 - --------------------------------------------------------------------------------------- 12. RENT & LEASE .................... ($ 785) ($ 785) - --------------------------------------------------------------------------------------- 13. OTHER (ATTACH LIST) ............. $ 59,617 $ 59,617 - --------------------------------------------------------------------------------------- 14. TOTAL OPERATING EXPENSES ........ $ 212,918 $ 0 $ 0 $ 212,918 - --------------------------------------------------------------------------------------- 15. INCOME BEFORE NON-OPERATING INCOME & EXPENSE ................ ($210,513) $ 0 $ 0 ($210,513) - --------------------------------------------------------------------------------------- OTHER INCOME & EXPENSES - --------------------------------------------------------------------------------------- 16. NON-OPERATING INCOME (ATT. LIST) ($ 2,866) ($ 2,866) - --------------------------------------------------------------------------------------- 17. NON-OPERATING EXPENSE (ATT. LIST) $ 0 $ 0 - --------------------------------------------------------------------------------------- 18. INTEREST EXPENSE ................ $ 621,815 $ 621,815 - --------------------------------------------------------------------------------------- 19. DEPRECIATION/DEPLETION .......... $ 0 $ 0 - --------------------------------------------------------------------------------------- 20. AMORTIZATION .................... $ 0 $ 0 - --------------------------------------------------------------------------------------- 21. OTHER (ATTACH LIST) ............. $ 0 $ 0 - --------------------------------------------------------------------------------------- 22. NET OTHER INCOME & EXPENSES ..... $ 618,949 $ 0 $ 0 $ 618,949 - --------------------------------------------------------------------------------------- REORGANIZATION EXPENSES - --------------------------------------------------------------------------------------- 23. PROFESSIONAL FEES ............... $ 2,500 $ 2,500 - --------------------------------------------------------------------------------------- 24. U.S. TRUSTEE FEES ............... $ 0 $ 0 - --------------------------------------------------------------------------------------- 25. OTHER (ATTACH LIST) ............. $ 0 $ 0 - --------------------------------------------------------------------------------------- 26. TOTAL REORGANIZATION EXPENSES ... $ 2,500 $ 0 $ 0 $ 2,500 - --------------------------------------------------------------------------------------- 27. INCOME TAX ...................... ($332,786) ($332,786) - --------------------------------------------------------------------------------------- 28. NET PROFIT (LOSS) ............... ($499,176) $ 0 $ 0 ($499,176) - ---------------------------------------------------------------------------------------
39 MONTHLY OPERATING REPORT - ------------------------------------------- CASE NAME: KITTY HAWK INTERNATIONAL, INC. ACCRUAL BASIS-3 - ------------------------------------------- CASE NUMBER: 400-42144 02/13/95, RWD, 2/96 - -------------------------------------------
- -------------------------------------------------------------------------------------------- CASH RECEIPTS AND MONTH MONTH MONTH QUARTER ----------------------------------------- DISBURSEMENTS MAY-00 TOTAL - -------------------------------------------------------------------------------------------- 1. CASH - BEGINNING OF MONTH .... $ 0 $ 0 - -------------------------------------------------------------------------------------------- RECEIPTS FROM OPERATIONS - -------------------------------------------------------------------------------------------- 2. CASH SALES ................... $ 0 $ 0 - -------------------------------------------------------------------------------------------- COLLECTION OF ACCOUNTS RECEIVABLE - -------------------------------------------------------------------------------------------- 3. PREPETITION .................. $ 1,014,030 $ 1,014,030 - -------------------------------------------------------------------------------------------- 4. POSTPETITION ................. $ 0 $ 0 - -------------------------------------------------------------------------------------------- 5. TOTAL OPERATING RECEIPTS ..... $ 1,014,030 $ 0 $ 0 $ 1,014,030 - -------------------------------------------------------------------------------------------- NON - OPERATING RECEIPTS - -------------------------------------------------------------------------------------------- 6. LOANS & ADVANCES (ATTACH LIST) $ 0 $ 0 - -------------------------------------------------------------------------------------------- 7. SALE OF ASSETS ............... $ 0 $ 0 - -------------------------------------------------------------------------------------------- 8. OTHER (ATTACH LIST) .......... ($1,014,030) ($1,014,030) - -------------------------------------------------------------------------------------------- 9. TOTAL NON-OPERATING RECEIPTS . ($1,014,030) $ 0 $ 0 ($1,014,030) - -------------------------------------------------------------------------------------------- 10. TOTAL RECEIPTS ............... $ 0 $ 0 $ 0 $ 0 - -------------------------------------------------------------------------------------------- 11. TOTAL CASH AVAILABLE ......... $ 0 $ 0 $ 0 $ 0 - -------------------------------------------------------------------------------------------- OPERATING DISBURSEMENTS - -------------------------------------------------------------------------------------------- 12. NET PAYROLL .................. $ 0 $ 0 - -------------------------------------------------------------------------------------------- 13. PAYROLL TAXES PAID ........... $ 0 $ 0 - -------------------------------------------------------------------------------------------- 14. SALES, USE & OTHER TAXES PAID $ 0 $ 0 - -------------------------------------------------------------------------------------------- 15. SECURED/RENTAL/LEASES ........ $ 0 $ 0 - -------------------------------------------------------------------------------------------- 16. UTILITIES .................... $ 0 $ 0 - -------------------------------------------------------------------------------------------- 17. INSURANCE .................... $ 0 $ 0 - -------------------------------------------------------------------------------------------- 18. INVENTORY PURCHASES .......... $ 0 $ 0 - -------------------------------------------------------------------------------------------- 19. VEHICLE EXPENSES ............. $ 0 $ 0 - -------------------------------------------------------------------------------------------- 20. TRAVEL ....................... $ 0 $ 0 - -------------------------------------------------------------------------------------------- 21. ENTERTAINMENT ................ $ 0 $ 0 - -------------------------------------------------------------------------------------------- 22. REPAIRS & MAINTENANCE ........ $ 0 $ 0 - -------------------------------------------------------------------------------------------- 23. SUPPLIES ..................... $ 0 $ 0 - -------------------------------------------------------------------------------------------- 24. ADVERTISING .................. $ 0 $ 0 - -------------------------------------------------------------------------------------------- 25. OTHER (ATTACH LIST) .......... $ 0 $ 0 - -------------------------------------------------------------------------------------------- 26. TOTAL OPERATING DISBURSEMENTS $ 0 $ 0 $ 0 $ 0 - -------------------------------------------------------------------------------------------- REORGANIZATION EXPENSES - -------------------------------------------------------------------------------------------- 27. PROFESSIONAL FEES ............ $ 0 $ 0 - -------------------------------------------------------------------------------------------- 28. U.S. TRUSTEE FEES ............ $ 0 $ 0 - -------------------------------------------------------------------------------------------- 29. OTHER (ATTACH LIST) .......... $ 0 $ 0 - -------------------------------------------------------------------------------------------- 30. TOTAL REORGANIZATION EXPENSES $ 0 $ 0 $ 0 $ 0 - -------------------------------------------------------------------------------------------- 31. TOTAL DISBURSEMENTS .......... $ 0 $ 0 $ 0 $ 0 - -------------------------------------------------------------------------------------------- 32. NET CASH FLOW ................ $ 0 $ 0 $ 0 $ 0 - -------------------------------------------------------------------------------------------- 33. CASH - END OF MONTH .......... $ 0 $ 0 $ 0 $ 0 - --------------------------------------------------------------------------------------------
40 MONTHLY OPERATING REPORT - ------------------------------------------- CASE NAME: KITTY HAWK INTERNATIONAL, INC. ACCRUAL BASIS-4 - ------------------------------------------- CASE NUMBER: 400-42144 02/13/95, RWD, 2/96 - -------------------------------------------
- ---------------------------------------------------------------------------------------- SCHEDULE MONTH MONTH MONTH ------------------------------------ ACCOUNTS RECEIVABLE AGING AMOUNT MAY-00 - ---------------------------------------------------------------------------------------- 1. 0-30 ............................ $ 5,836 - ---------------------------------------------------------------------------------------- 2. 31-60 ........................... $1,199,999 - ---------------------------------------------------------------------------------------- 3. 61-90 ........................... $3,124,284 - ---------------------------------------------------------------------------------------- 4. 91+ ............................. $4,006,462 - ---------------------------------------------------------------------------------------- 5. TOTAL ACCOUNTS RECEIVABLE ....... $ 0 $8,336,581 $ 0 $ 0 - ---------------------------------------------------------------------------------------- 6. AMOUNT CONSIDERED UNCOLLECTIBLE . $ 0 - ---------------------------------------------------------------------------------------- 7. ACCOUNTS RECEIVABLE (NET) ....... $ 0 $8,336,581 $ 0 $ 0 - ----------------------------------------------------------------------------------------
AGING OF POSTPETITION TAXES AND PAYABLES MONTH: May-00 0-30 31-60 61-90 91+ TAXES PAYABLE DAYS DAYS DAYS DAYS TOTAL - ---------------------------------------------------------------------------------- 1. FEDERAL ................... $24,303 $ 0 $ 0 $ 0 $24,303 - ---------------------------------------------------------------------------------- 2. STATE ..................... $ 0 $ 0 $ 0 $ 0 $ 0 - ---------------------------------------------------------------------------------- 3. LOCAL ..................... $ 0 $ 0 $ 0 $ 0 $ 0 - ---------------------------------------------------------------------------------- 4. OTHER (ATTACH LIST) ....... $ 0 $ 0 $ 0 $ 0 $ 0 - ---------------------------------------------------------------------------------- 5. TOTAL TAXES PAYABLE ....... $24,303 $ 0 $ 0 $ 0 $24,303 - ---------------------------------------------------------------------------------- 6. ACCOUNTS PAYABLE .......... $29,892 $ 0 $ 0 $ 0 $29,892 - ---------------------------------------------------------------------------------- STATUS OF POSTPETITION TAXES MONTH: May-00 BEGINNING AMOUNT ENDING TAX WITHHELD AND/ AMOUNT TAX FEDERAL LIABILITY* OR ACCRUED PAID LIABILITY --------- ---------- --------- --------- 1. WITHHOLDING** ..... $ 0 $ 55,186 $ 30,883 $ 24,303 - ------------------------------------------------------------------------------------ 2. FICA-EMPLOYEE** ... $ 0 $ 0 $ 0 $ 0 - ------------------------------------------------------------------------------------ 3. FICA-EMPLOYER** ... $ 0 $ 0 $ 0 $ 0 - ------------------------------------------------------------------------------------ 4. UNEMPLOYMENT ...... $ 0 $ 0 $ 0 $ 0 - ------------------------------------------------------------------------------------ 5. INCOME ............ $ 0 $ 0 $ 0 $ 0 - ------------------------------------------------------------------------------------ 6. OTHER (ATTACH LIST) $ 0 $ 0 $ 0 $ 0 - ------------------------------------------------------------------------------------ 7. TOTAL FEDERAL TAXES $ 0 $ 55,186 $ 30,883 $ 24,303 - ------------------------------------------------------------------------------------ STATE AND LOCAL - ------------------------------------------------------------------------------------ 8. WITHHOLDING ....... $ 0 $ 0 $ 0 $ 0 - ------------------------------------------------------------------------------------ 9. SALES ............. $ 0 $ 0 $ 0 $ 0 - ------------------------------------------------------------------------------------ 10. EXCISE ............ $ 0 $ 0 $ 0 $ 0 - ------------------------------------------------------------------------------------ 11. UNEMPLOYMENT ...... $ 0 $ 0 $ 0 $ 0 - ------------------------------------------------------------------------------------ 12. REAL PROPERTY ..... $ 0 $ 0 $ 0 $ 0 - ------------------------------------------------------------------------------------ 13. PERSONAL PROPERTY . $ 0 $ 0 $ 0 $ 0 - ------------------------------------------------------------------------------------ 14. OTHER (ATTACH LIST) $ 0 $ 0 $ 0 $ 0 - ------------------------------------------------------------------------------------ 15. TOTAL STATE & LOCAL $ 0 $ 0 $ 0 $ 0 - ------------------------------------------------------------------------------------ 16. TOTAL TAXES ....... $ 0 $ 55,186 $ 30,883 $ 24,303 - ------------------------------------------------------------------------------------
* The beginning tax liability should represent the liability from the prior month or, if this is the first operating report, the amount should be zero. ** Attach photocopies of IRS Form 6123 or your FTD coupon and payment receipt to verify payment or deposit. 41 MONTHLY OPERATING REPORT - ------------------------------------------- CASE NAME: KITTY HAWK INTERNATIONAL, INC. ACCRUAL BASIS-5 - ------------------------------------------- CASE NUMBER: 400-42144 02/13/95, RWD, 2/96 - ------------------------------------------- The debtor in possession must complete the reconciliation below for each bank account, including all general, payroll and tax accounts, as well as all savings and investment accounts, money market accounts, certificates of deposit, government obligations, etc. Accounts with restricted funds should be identified by placing an asterisk next to the account number. Attach additional sheets if necessary.
MONTH: May-00 BANK RECONCILIATIONS Account #1 Account #2 Account #3 - -------------------------------------------------------------------------------------------------------- A. BANK:............................. Bank One Bank One Bank One - ------------------------------------------------------------------------------------------ B. ACCOUNT NUMBER:................... 1559691322 1559691330 9320014690 TOTAL - ------------------------------------------------------------------------------------------ C. PURPOSE (TYPE):................... Deposit Payroll Health Insurance - -------------------------------------------------------------------------------------------------------- 1. BALANCE PER BANK STATEMENT ....... $0 $0 $0 $0 - -------------------------------------------------------------------------------------------------------- 2. ADD: TOTAL DEPOSITS NOT CREDITED . $0 $0 $0 $0 - -------------------------------------------------------------------------------------------------------- 3. SUBTRACT: OUTSTANDING CHECKS ..... $0 $0 $0 $0 - -------------------------------------------------------------------------------------------------------- 4. OTHER RECONCILING ITEMS .......... $0 $0 $0 $0 - -------------------------------------------------------------------------------------------------------- 5. MONTH END BALANCE PER BOOKS ...... $0 $0 $0 $0 - -------------------------------------------------------------------------------------------------------- 6. NUMBER OF LAST CHECK WRITTEN ..... N/A - Lockbox only No activity Account closed - -------------------------------------------------------------------------------------------------------- INVESTMENT ACCOUNTS - -------------------------------------------------------------------------------------------------------- DATE OF TYPE OF PURCHASE CURRENT BANK, ACCOUNT NAME & NUMBER PURCHASE INSTRUMENT PRICE VALUE - -------------------------------------------------------------------------------------------------------- 7. N/A - -------------------------------------------------------------------------------------------------------- 8. N/A - -------------------------------------------------------------------------------------------------------- 9. N/A - -------------------------------------------------------------------------------------------------------- 10. N/A - -------------------------------------------------------------------------------------------------------- 11. TOTAL INVESTMENTS $0 $0 - -------------------------------------------------------------------------------------------------------- CASH - -------------------------------------------------------------------------------------------------------- 12. CURRENCY ON HAND $30,292 - -------------------------------------------------------------------------------------------------------- 13. TOTAL CASH - END OF MONTH $30,292 - --------------------------------------------------------------------------------------------------------
42 MONTHLY OPERATING REPORT - ------------------------------------------- CASE NAME: KITTY HAWK INTERNATIONAL, INC. ACCRUAL BASIS-6 - ------------------------------------------- CASE NUMBER: 400-42144 02/13/95, RWD, 2/96 - ------------------------------------------- MONTH: May-00 - ------------------------------------------- PAYMENTS TO INSIDERS AND PROFESSIONALS - ------------------------------------------- OF THE TOTAL DISBURSEMENTS SHOWN FOR THE MONTH, LIST THE AMOUNT PAID TO INSIDERS (AS DEFINED IN SECTION 101 (31) (A)-(F) OF THE U.S. BANKRUPTCY CODE) AND TO PROFESSIONALS. ALSO, FOR PAYMENTS TO INSIDERS, IDENTIFY THE TYPE OF COMPENSATION PAID (e.g. SALARY, BONUS, COMMISSIONS, INSURANCE, HOUSING ALLOWANCE, TRAVEL, CAR ALLOWANCE, ETC.). ATTACH ADDITIONAL SHEETS IF NECESSARY. - -------------------------------------------------------------------------------- INSIDERS - -------------------------------------------------------------------------------- TYPE OF AMOUNT TOTAL PAID NAME PAYMENT PAID TO DATE - -------------------------------------------------------------------------------- 1. Pete Sanderlin ............... Salary $ 8,600 $ 8,600 2. Tom Mealie ................... Salary $ 8,600 $ 8,600 3. N/A .......................... 4. N/A .......................... 5. N/A .......................... 6. TOTAL PAYMENTS TO INSIDERS .................. $17,200 $17,200
- ------------------------------------------------------------------------------------- PROFESSIONALS - ------------------------------------------------------------------------------------- DATE OF COURT TOTAL ORDER AUTHORIZING AMOUNT AMOUNT TOTAL PAID INCURRED NAME PAYMENT APPROVED PAID TO DATE & UNPAID* - ------------------------------------------------------------------------------------- 1. N/A .................. - ------------------------------------------------------------------------------------- 2. N/A .................. - ------------------------------------------------------------------------------------- 3. N/A .................. - ------------------------------------------------------------------------------------- 4. N/A .................. - ------------------------------------------------------------------------------------- 5. N/A .................. - ------------------------------------------------------------------------------------- 6. TOTAL PAYMENTS TO PROFESSIONALS ..... $0 $0 $0 $0 - -------------------------------------------------------------------------------------
* INCLUDE ALL FEES INCURRED, BOTH APPROVED AND UNAPPROVED - -------------------------------------------------------------------------------- POSTPETITION STATUS OF SECURED NOTES, LEASES PAYABLE AND ADEQUATE PROTECTION PAYMENTS - -------------------------------------------------------------------------------- SCHEDULED AMOUNTS MONTHLY PAID TOTAL PAYMENTS DURING UNPAID NAME OF CREDITOR DUE MONTH POSTPETITION - -------------------------------------------------------------------------------- 1. N/A ............................ $0 - -------------------------------------------------------------------------------- 2. N/A ............................ $0 - -------------------------------------------------------------------------------- 3. N/A ............................ $0 - -------------------------------------------------------------------------------- 4. N/A ............................ $0 - -------------------------------------------------------------------------------- 5. N/A ............................ $0 - -------------------------------------------------------------------------------- 6. TOTAL .......................... $0 $0 $0 - -------------------------------------------------------------------------------- 43 MONTHLY OPERATING REPORT - ------------------------------------------- CASE NAME: KITTY HAWK INTERNATIONAL, INC. ACCRUAL BASIS-7 - ------------------------------------------- CASE NUMBER: 400-42144 02/13/95, RWD, 2/96 - ------------------------------------------- MONTH: May-00
QUESTIONNAIRE YES NO - ---------------------------------------------------------------------------------------------- 1. HAVE ANY ASSETS BEEN SOLD OR TRANSFERRED OUTSIDE THE NORMAL COURSE OF BUSINESS THIS REPORTING PERIOD? X - ---------------------------------------------------------------------------------------------- 2. HAVE ANY FUNDS BEEN DISBURSED FROM ANY ACCOUNT OTHER THAN A DEBTOR IN POSSESSION ACCOUNT? X - ---------------------------------------------------------------------------------------------- 3. ARE ANY POSTPETITION RECEIVABLES (ACCOUNTS, NOTES, OR LOANS) DUE FROM RELATED PARTIES? X - ---------------------------------------------------------------------------------------------- 4. HAVE ANY PAYMENTS BEEN MADE ON PREPETITION LIABILITIES THIS REPORTING PERIOD? - ---------------------------------------------------------------------------------------------- 5. HAVE ANY POSTPETITION LOANS BEEN RECEIVED BY THE DEBTOR FROM ANY PARTY? X - ---------------------------------------------------------------------------------------------- 6. ARE ANY POSTPETITION PAYROLL TAXES PAST DUE? X - ---------------------------------------------------------------------------------------------- 7. ARE ANY POSTPETITION STATE OR FEDERAL INCOME TAXES PAST DUE? X - ---------------------------------------------------------------------------------------------- 8. ARE ANY POSTPETITION REAL ESTATE TAXES PAST DUE? X - ---------------------------------------------------------------------------------------------- 9. ARE ANY OTHER POSTPETITION TAXES PAST DUE? X - ---------------------------------------------------------------------------------------------- 10. ARE ANY AMOUNTS OWED TO POSTPETITION CREDITORS DELINQUENT? X - ---------------------------------------------------------------------------------------------- 11. HAVE ANY PREPETITION TAXES BEEN PAID DURING THE REPORTING PERIOD? X - ---------------------------------------------------------------------------------------------- 12. ARE ANY WAGE PAYMENTS PAST DUE? X - ---------------------------------------------------------------------------------------------- IF THE ANSWER TO ANY OF THE ABOVE QUESTIONS IS "YES," PROVIDE A DETAILED EXPLANATION OF EACH ITEM. ATTACH ADDITIONAL SHEETS IF NECESSARY. On 5/5, KH International ran a payroll which was subsequently reversed when the Bankruptcy Court determined that the former employees of International who were not considered "caretakers" would not be paid. Only 45 checks of the original payroll (in excess of 300 checks) were released. ADP is currently auditing the delinquency in the taxes due to the reversal and issuance of the payroll. Approx $25,000 is delinquent. INSURANCE YES NO - ---------------------------------------------------------------------------------------------- 1. ARE WORKER'S COMPENSATION, GENERAL LIABILITY AND OTHER NECESSARY INSURANCE COVERAGES IN EFFECT? X - ---------------------------------------------------------------------------------------------- 2. ARE ALL PREMIUM PAYMENTS PAID CURRENT? X - ---------------------------------------------------------------------------------------------- 3. PLEASE ITEMIZE POLICIES BELOW. - ---------------------------------------------------------------------------------------------- IF THE ANSWER TO ANY OF THE ABOVE QUESTIONS IS "NO," OR IF ANY POLICIES HAVE BEEN CANCELLED OR NOT RENEWED DURING THIS REPORTING PERIOD, PROVIDE AN EXPLANATION BELOW. ATTACH ADDITIONAL SHEETS IF NECESSARY. - ---------------------------------------------------------------------------------------------- - ---------------------------------------------------------------------------------------------- INSTALLMENT PAYMENTS - ---------------------------------------------------------------------------------------------- TYPE OF PAYMENT AMOUNT POLICY CARRIER PERIOD COVERED & FREQUENCY - ---------------------------------------------------------------------------------------------- See Kitty Hawk, Inc. Case #400-42141 - ---------------------------------------------------------------------------------------------- - ---------------------------------------------------------------------------------------------- - ---------------------------------------------------------------------------------------------- - ---------------------------------------------------------------------------------------------- - ---------------------------------------------------------------------------------------------- - ----------------------------------------------------------------------------------------------
44 - ------------------------------------------- CASE NAME: KITTY HAWK INTERNATIONAL, INC. FOOTNOTES SUPPLEMENT - ------------------------------------------- CASE NUMBER: 400-42144 ACCRUAL BASIS - ------------------------------------------- MONTH: May-00 - -------------------------------------------------------------------------------- ACCRUAL BASIS LINE FORM NUMBER NUMBER FOOTNOTE/EXPLANATION - -------------------------------------------------------------------------------- 6 All Professional fees related to the - -------------------------------------------------------------------------------- Reorganization of the Company are disbursed out - -------------------------------------------------------------------------------- of Kitty Hawk, Inc. (Parent Company). Refer to - -------------------------------------------------------------------------------- Case # 400-42141 - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- 7 All insurance plans related to the Company are - -------------------------------------------------------------------------------- carried at Kitty Hawk, Inc. (Parent Company). - -------------------------------------------------------------------------------- Refer to Case # 400-42141. - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- General This operation closed in May of 2000. Costs - -------------------------------------------------------------------------------- incurred during May 2000 consisted of costs - -------------------------------------------------------------------------------- associated with shut down procedures. - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- 3 8 All cash received into the Company cash - -------------------------------------------------------------------------------- accounts is swept each night to Kitty Hawk, Inc. - -------------------------------------------------------------------------------- Master Account (see Case #400-42141). - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- 3 31 All disbursements (either by wire transfer or - -------------------------------------------------------------------------------- check), including payroll are disbursed out of - -------------------------------------------------------------------------------- the Kitty Hawk, Inc. controlled disbursement - -------------------------------------------------------------------------------- account. - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- 4 6 All assessment of uncollectible accounts - -------------------------------------------------------------------------------- receivable are done at Kitty Hawk, Inc. Refer to - -------------------------------------------------------------------------------- Case #400-4214. All reserves are recorded at - -------------------------------------------------------------------------------- Inc. and pushed down to Inc.'s subsidiaries as - -------------------------------------------------------------------------------- deemed necessary. - -------------------------------------------------------------------------------- 45 CASE NAME: KITTY HAWK INTERNATIONAL, INC. CASE NUMBER: 00-42144 DETAILS OF OTHER ITEMS ACCRUAL BASIS-1 8. OTHER (ATTACH LIST) .............................. $(347,687,876)Reported ------------- Intercompany Receivables .................... (375,646,858) A/R Senior Noteholders ...................... 168,372 A/R Other ................................... (316,446) A/R 401(k) Loan ............................. (10,181) A/R Employees ............................... (1,470) A/R Insurance ............................... 133,954 A/R Payroll Advance ......................... 679 A/R Travel Advance .......................... 43 A/R Pass Thru billings ...................... (114,500) Fuel Inventory .............................. 25,430 Fuel Intoplane suspense ..................... 9,580 Deferred Taxes .............................. 13,097,746 Aircraft held for resale .................... 13,798,267 Intangible Brazil Landings .................. 377,745 Loan Org Costs .............................. 158,840 Deposits - Landing Fees ..................... 5,016 Deposits - Aircraft ......................... 584,321 Accum Amortization .......................... (376,729) Security Deposit ............................ 418,316 ------------- (347,687,875)Detail ------------- (1)Difference 22. OTHER (ATTACH LIST) ............................. $ (34,441)Reported ------------- Accrued income taxes ........................ (332,786) Accrued interest ............................ 177,156 Accrued Salaries/Wages ...................... 83,639 Accrued Fuel ................................ 37,550 ------------- (34,441)Detail ------------- - Difference 27. OTHER (ATTACH LIST) ............................. $ 92,648,683 Reported ------------- Deferred Taxes .............................. 87,246,212 Accrued Taxes payable ....................... (18,954,646) 46 CASE NAME: KITTY HAWK INTERNATIONAL, INC. CASE NUMBER: 00-42144 DETAILS OF OTHER ITEMS Aircraft Maintenance Reserves ............... 11,514,163 Accrued Fuel expenses ....................... 5,403,028 Prepaid Fuel ................................ (5,661,963) Accrued Salaries/Vacation/Employee Benefits.. 4,075,349 A/P Other/Accrued/Unrecorded ................ 3,691,066 Purchase reserves ........................... 1,762,176 Accrued Landing fees/parking/cargo fees ..... 1,644,307 Various accrued taxes ....................... 1,313,200 Other Misc accruals ......................... 615,791 ------------- 92,648,683 Detail ------------- - Difference ACCRUAL BASIS-2 13. OTHER (ATTACH LIST) ............................ $ 59,617 Reported ------------- Landing and parking ......................... (134,828) Engine costs ................................ 17,410 Fuel ........................................ 37,550 Ops Insurance ............................... 49,868 Insurance ................................... (164,710) Rotables/Repair ............................. 245,903 Shipping .................................... 3,715 Expendible Supplies ......................... 211 Line Maint - B Check ........................ 3,000 Radio Charges ............................... 1,497 ------------- 59,616 Detail ------------- 1 Difference 16. NON-OPERATING INCOME (ATT. LIST) ................ (500)Reported ------------- Gain on sale of asset ....................... (500)Detail ------------- - Difference ACCRUAL BASIS-3 8. OTHER (ATTACH LIST) .............................. (1,014,030)Reported ------------- 47 CASE NAME: KITTY HAWK INTERNATIONAL, INC. CASE NUMBER: 00-42144 DETAILS OF OTHER ITEMS Transfer to Inc - all money sweeps .......... (1,014,030)Detail ------------- to KH Inc. Case #400-42141 ............... - Difference ------------- 48 EX-99.5 6 0006.txt EXHIBIT 99.5 MONTHLY OPERATING REPORT - ------------------------------------ CASE NAME: KITTY HAWK CARGO, INC. ACCRUAL BASIS - ------------------------------------ CASE NUMBER: 00-42145-BJH-11 02/13/95, RWD, 2/96 - ------------------------------------ JUDGE: BARBARA J. HOUSER - ------------------------------------ UNITED STATES BANKRUPTCY RTURT NORTHERN DISTRICT OF TEXAS SIXTH DIVISION MONTHLY OPERATING REPORT MONTH ENDING: MAY 31, 20000 IN ACCORDANCE WITH TITLE 28, SECTION 1746, OF THE UNITED STATES CODE, I DECLARE UNDER PENALTY OF PERJURY THAT I HAVE EXAMINED THE FOLLOWING MONTHLY OPERATING REPORT (ACCRUAL BASIS-1 THROUGH ACCRUAL BASIS-7) AND THE ACCOMPANYING ATTACHMENTS AND, TO THE BEST OF MY KNOWLEDGE, THESE DOCUMENTS ARE TRUE, CORRECT AND COMPLETE. DECLARATION OF THE PREPARER (OTHER THAN RESPONSIBLE PARTY): IS BASED ON ALL INFORMATION OF WHICH PREPARER HAS ANY KNOWLEDGE. RESPONSIBLE PARTY: /s/ DREW KEITH CHIEF FINANCIAL OFFICER - ---------------------------------------- -------------------------- ORIGINAL SIGNATURE OF RESPONSIBLE PARTY TITLE DREW KEITH 06/30/00 - ---------------------------------------- -------------------------- PRINTED NAME OF RESPONSIBLE PARTY DATE PREPARER: /s/ KEVIN K. CRAIG CONTROLLER, KITTY HAWK INC. - ---------------------------------------- -------------------------- ORIGINAL SIGNATURE OF PREPARER TITLE KEVIN K. CRAIG 06/30/00 - ---------------------------------------- -------------------------- PRINTED NAME OF PREPARER DATE 49 MONTHLY OPERATING REPORT - -------------------------------- CASE NAME: KITTY HAWK CARGO, INC ACCRUAL BASIS-1 - -------------------------------- CASE NUMBER: 00-42145-BJH-11 02/13/95, RWD, 2/96 - --------------------------------
COMPARATIVE BALANCE SHEET - ---------------------------------------------------------------------------------------------------- SCHEDULE MONTH MONTH MONTH ---------------------------------------------- ASSETS AMOUNT MAY-00 - ---------------------------------------------------------------------------------------------------- 1. UNRESTRICTED CASH ............ ($ 29,313) - ---------------------------------------------------------------------------------------------------- 2. RESTRICTED CASH .............. $ 0 - ---------------------------------------------------------------------------------------------------- 3. TOTAL CASH ................... $ 0 ($ 29,313) $ 0 $ 0 - ---------------------------------------------------------------------------------------------------- 4. ACCOUNTS RECEIVABLE (NET) .... $ 41,314,895 $ 42,659,905 - ---------------------------------------------------------------------------------------------------- 5. INVENTORY .................... $ 0 - ---------------------------------------------------------------------------------------------------- 6. NOTES RECEIVABLE ............. $ 0 - ---------------------------------------------------------------------------------------------------- 7. PREPAID EXPENSES ............. $ 35,445 $ 35,446 - ---------------------------------------------------------------------------------------------------- 8. OTHER (ATTACH LIST) .......... $ 102,257,281 $ 29,749,796 - ---------------------------------------------------------------------------------------------------- 9. TOTAL CURRENT ASSETS ......... $ 143,607,621 $ 72,415,834 $ 0 $ 0 - ---------------------------------------------------------------------------------------------------- 10. PROPERTY, PLANT & EQUIPMENT .. $ 2,455,211 $ 4,312,683 - ---------------------------------------------------------------------------------------------------- 11. LESS: ACCUMULATED DEPRECIATION/DEPLETION ....... $ 1,901,884 - ---------------------------------------------------------------------------------------------------- 12. NET PROPERTY, PLANT & EQUIPMENT .................... $ 2,455,211 $ 2,410,799 $ 0 $ 0 - ---------------------------------------------------------------------------------------------------- 13. DUE FROM INSIDERS ............ $ 0 - ---------------------------------------------------------------------------------------------------- 14. OTHER ASSETS - NET OF AMORTIZATION (ATTACH LIST) ... $ 0 - ---------------------------------------------------------------------------------------------------- 15. OTHER (ATTACH LIST) .......... $ 0 - ---------------------------------------------------------------------------------------------------- 16. TOTAL ASSETS ................. $ 146,062,832 $ 74,826,633 $ 0 $ 0 - ---------------------------------------------------------------------------------------------------- POSTPETITION LIABILITIES - ---------------------------------------------------------------------------------------------------- 17. ACCOUNTS PAYABLE ............. $ 605,711 - ---------------------------------------------------------------------------------------------------- 18. TAXES PAYABLE ................ $ 169,500 - ---------------------------------------------------------------------------------------------------- 19. NOTES PAYABLE ................ $ 0 - ---------------------------------------------------------------------------------------------------- 20. PROFESSIONAL FEES ............ $ 0 - ---------------------------------------------------------------------------------------------------- 21. SECURED DEBT ................. $ 0 - ---------------------------------------------------------------------------------------------------- 22. OTHER (ATTACH LIST) ......... $ 1,130,168 - ---------------------------------------------------------------------------------------------------- 23. TOTAL POSTPETITION LIABILITIES .................. $ 1,905,379 $ 0 $ 0 - ---------------------------------------------------------------------------------------------------- PREPETITION LIABILITIES - ---------------------------------------------------------------------------------------------------- 24. SECURED DEBT ................. $ 0 - ---------------------------------------------------------------------------------------------------- 25. PRIORITY DEBT ................ $ 496,687 $ 0 - ---------------------------------------------------------------------------------------------------- 26. UNSECURED DEBT ............... $ 78,864,376 $ 4,905,517 - ---------------------------------------------------------------------------------------------------- 27. OTHER (ATTACH LIST) .......... $ 5,941,087 - ---------------------------------------------------------------------------------------------------- 28. TOTAL PREPETITION LIABILITIES $ 79,361,063 $ 10,846,604 $ 0 $ 0 - ---------------------------------------------------------------------------------------------------- 29. TOTAL LIABILITIES ............ $ 79,361,063 $ 12,751,983 $ 0 $ 0 - ---------------------------------------------------------------------------------------------------- EQUITY - ---------------------------------------------------------------------------------------------------- 30. PREPETITION OWNERS' EQUITY ... $ 62,156,580 - ---------------------------------------------------------------------------------------------------- 31. POSTPETITION CUMULATIVE PROFIT OR (LOSS) ............. ($ 81,930) - ---------------------------------------------------------------------------------------------------- 32. DIRECT CHARGES TO EQUITY (ATTACH EXPLANATION) ......... $ 0 - ---------------------------------------------------------------------------------------------------- 33. TOTAL EQUITY ................. $ 0 $ 62,074,650 $ 0 $ 0 - ---------------------------------------------------------------------------------------------------- 34. TOTAL LIABILITIES & OWNERS' EQUITY ............... $ 79,361,063 $ 74,826,633 $ 0 $ 0 - ----------------------------------------------------------------------------------------------------
50 MONTHLY OPERATING REPORT - --------------------------------- CASE NAME: KITTY HAWK CARGO, INC ACCRUAL BASIS-2 - --------------------------------- CASE NUMBER: 00-42145-BJH-11 02/13/95, RWD, 2/96 - ---------------------------------
INCOME STATEMENT MONTH MONTH MONTH QUARTER -------------------------------------------- REVENUES MAY-00 TOTAL - --------------------------------------------------------------------------------------------------- 1. GROSS REVENUES .................. $ 13,353,379 $ 13,353,379 - --------------------------------------------------------------------------------------------------- 2. LESS: RETURNS & DISCOUNTS ....... $ 0 $ 0 - --------------------------------------------------------------------------------------------------- 3. NET REVENUE ..................... $ 13,353,379 $ 0 $ 0 $ 13,353,379 - --------------------------------------------------------------------------------------------------- COST OF GOODS SOLD - --------------------------------------------------------------------------------------------------- 4. MATERIAL ........................ $ 0 $ 0 - --------------------------------------------------------------------------------------------------- 5. DIRECT LABOR .................... $ 0 $ 0 - --------------------------------------------------------------------------------------------------- 6. DIRECT OVERHEAD ................. $ 0 $ 0 - --------------------------------------------------------------------------------------------------- 7. TOTAL COST OF GOODS SOLD ........ $ 0 $ 0 $ 0 $ 0 - --------------------------------------------------------------------------------------------------- 8. GROSS PROFIT .................... $ 13,353,379 $ 0 $ 0 $ 13,353,379 - --------------------------------------------------------------------------------------------------- OPERATING EXPENSES - --------------------------------------------------------------------------------------------------- 9. OFFICER/INSIDER COMPENSATION ... $ 0 $ 0 - --------------------------------------------------------------------------------------------------- 10. SELLING & MARKETING ............. $ 352 $ 352 - --------------------------------------------------------------------------------------------------- 11. GENERAL & ADMINISTRATIVE ........ $ 712,867 $ 712,867 - --------------------------------------------------------------------------------------------------- 12. RENT & LEASE .................... $ 238,240 $ 238,240 - --------------------------------------------------------------------------------------------------- 13. OTHER (ATTACH LIST) ............. $ 12,250,867 $ 12,250,867 - --------------------------------------------------------------------------------------------------- 14. TOTAL OPERATING EXPENSES ........ $ 13,202,326 $ 0 $ 0 $ 13,202,326 - --------------------------------------------------------------------------------------------------- 15. INCOME BEFORE NON-OPERATING INCOME & EXPENSE ................ $ 151,053 $ 0 $ 0 $ 151,053 - --------------------------------------------------------------------------------------------------- OTHER INCOME & EXPENSES - --------------------------------------------------------------------------------------------------- 16. NON-OPERATING INCOME (ATT. LIST) $ 0 $ 0 - --------------------------------------------------------------------------------------------------- 17. NON-OPERATING EXPENSE (ATT. LIST) $ 0 $ 0 - --------------------------------------------------------------------------------------------------- 18. INTEREST EXPENSE ................ $ 238,211 $ 238,211 - --------------------------------------------------------------------------------------------------- 19. DEPRECIATION/DEPLETION .......... $ 44,409 $ 44,409 - --------------------------------------------------------------------------------------------------- 20. AMORTIZATION .................... $ 4,983 $ 4,983 - --------------------------------------------------------------------------------------------------- 21. OTHER (ATTACH LIST) ............. $ 0 $ 0 - --------------------------------------------------------------------------------------------------- 22. NET OTHER INCOME & EXPENSES ..... $ 287,603 $ 0 $ 0 $ 287,603 - --------------------------------------------------------------------------------------------------- REORGANIZATION EXPENSES - --------------------------------------------------------------------------------------------------- 23. PROFESSIONAL FEES ............... $ 0 $ 0 - --------------------------------------------------------------------------------------------------- 24. U.S. TRUSTEE FEES ............... $ 0 $ 0 - --------------------------------------------------------------------------------------------------- 25. OTHER (ATTACH LIST) ............. $ 0 $ 0 - --------------------------------------------------------------------------------------------------- 26. TOTAL REORGANIZATION EXPENSES ... $ 0 $ 0 $ 0 $ 0 - --------------------------------------------------------------------------------------------------- 27. INCOME TAX ...................... ($ 54,620) ($ 54,620) - --------------------------------------------------------------------------------------------------- 28. NET PROFIT (LOSS) ............... ($ 81,930) $ 0 $ 0 ($ 81,930) - ---------------------------------------------------------------------------------------------------
51 MONTHLY OPERATING REPORT - ---------------------------------- CASE NAME: KITTY HAWK CARGO, INC ACCRUAL BASIS-3 - ---------------------------------- CASE NUMBER: 00-42145-BJH-11 02/13/95, RWD, 2/96 - ----------------------------------
- ------------------------------------------------------------------------------------------------- CASH RECEIPTS AND MONTH MONTH MONTH QUARTER -------------------------------------------- DISBURSEMENTS MAY-00 TOTAL - ------------------------------------------------------------------------------------------------- 1. CASH - BEGINNING OF MONTH .... $ 26,050 ($ 29,313) ($ 29,313) $ 26,050 - ------------------------------------------------------------------------------------------------- RECEIPTS FROM OPERATIONS - ------------------------------------------------------------------------------------------------- 2. CASH SALES ................... $ 0 $ 0 $ 0 $ 0 - ------------------------------------------------------------------------------------------------- COLLECTION OF ACCOUNTS RECEIVABLE - ------------------------------------------------------------------------------------------------- 3. PREPETITION .................. $ 0 $ 0 - ------------------------------------------------------------------------------------------------- 4. POSTPETITION ................. $ 18,365,281 $ 18,365,281 - ------------------------------------------------------------------------------------------------- 5. TOTAL OPERATING RECEIPTS ..... $ 18,365,281 $ 0 $ 0 $ 18,365,281 - ------------------------------------------------------------------------------------------------- NON - OPERATING RECEIPTS - ------------------------------------------------------------------------------------------------- 6. LOANS & ADVANCES (ATTACH LIST) $ 0 $ 0 - ------------------------------------------------------------------------------------------------- 7. SALE OF ASSETS ............... $ 0 $ 0 - ------------------------------------------------------------------------------------------------- 8. OTHER (ATTACH LIST) ......... ($18,419,934) ($18,419,934) - ------------------------------------------------------------------------------------------------- 9. TOTAL NON-OPERATING RECEIPTS . ($18,419,934) $ 0 $ 0 ($18,419,934) - ------------------------------------------------------------------------------------------------- 10. TOTAL RECEIPTS ............... ($ 54,653) $ 0 $ 0 ($ 54,653) - ------------------------------------------------------------------------------------------------- 11. TOTAL CASH AVAILABLE ......... ($ 28,603) ($ 29,313) ($ 29,313) ($ 28,603) - ------------------------------------------------------------------------------------------------- OPERATING DISBURSEMENTS - ------------------------------------------------------------------------------------------------- 12. NET PAYROLL .................. $ 0 - ------------------------------------------------------------------------------------------------- 13. PAYROLL TAXES PAID ........... $ 0 - ------------------------------------------------------------------------------------------------- 14. SALES, USE & OTHER TAXES PAID $ 0 - ------------------------------------------------------------------------------------------------- 15. SECURED/RENTAL/LEASES ........ $ 0 - ------------------------------------------------------------------------------------------------- 16. UTILITIES .................... $ 81 $ 81 - ------------------------------------------------------------------------------------------------- 17. INSURANCE .................... $ 0 - ------------------------------------------------------------------------------------------------- 18. INVENTORY PURCHASES .......... $ 0 - ------------------------------------------------------------------------------------------------- 19. VEHICLE EXPENSES ............. $ 0 - ------------------------------------------------------------------------------------------------- 20. TRAVEL ....................... $ 0 - ------------------------------------------------------------------------------------------------- 21. ENTERTAINMENT ................ $ 0 - ------------------------------------------------------------------------------------------------- 22. REPAIRS & MAINTENANCE ........ $ 59 $ 59 - ------------------------------------------------------------------------------------------------- 23. SUPPLIES ..................... $ 570 $ 570 - ------------------------------------------------------------------------------------------------- 24. ADVERTISING .................. $ 0 - ------------------------------------------------------------------------------------------------- 25. OTHER (ATTACH LIST) ......... $ 0 - ------------------------------------------------------------------------------------------------- 26. TOTAL OPERATING DISBURSEMENTS $ 710 $ 0 $ 0 $ 710 - ------------------------------------------------------------------------------------------------- REORGANIZATION EXPENSES - ------------------------------------------------------------------------------------------------- 27. PROFESSIONAL FEES ............ $ 0 $ 0 $ 0 $ 0 - ------------------------------------------------------------------------------------------------- 28. U.S. TRUSTEE FEES ............ $ 0 $ 0 $ 0 $ 0 - ------------------------------------------------------------------------------------------------- 29. OTHER (ATTACH LIST) .......... $ 0 $ 0 $ 0 $ 0 - ------------------------------------------------------------------------------------------------- 30. TOTAL REORGANIZATION EXPENSES $ 0 $ 0 $ 0 $ 0 - ------------------------------------------------------------------------------------------------- 31. TOTAL DISBURSEMENTS .......... $ 710 $ 0 $ 0 $ 710 - ------------------------------------------------------------------------------------------------- 32. NET CASH FLOW ................ ($ 55,363) $ 0 $ 0 ($ 55,363) - ------------------------------------------------------------------------------------------------- 33. CASH - END OF MONTH .......... ($ 29,313) ($ 29,313) ($ 29,313) ($ 29,313) - -------------------------------------------------------------------------------------------------
52 MONTHLY OPERATING REPORT - --------------------------------- CASE NAME: KITTY HAWK CARGO, INC ACCRUAL BASIS-4 - --------------------------------- CASE NUMBER: 00-42145-BJH-11 02/13/95, RWD, 2/96 - ---------------------------------
- ------------------------------------------------------------------------------------------ SCHEDULE MONTH MONTH MONTH --------------------------------------- ACCOUNTS RECEIVABLE AGING AMOUNT MAY-00 - ------------------------------------------------------------------------------------------ 1. 0-30 .......................... $21,518,319 $13,797,168 - ------------------------------------------------------------------------------------------ 2. 31-60 ......................... $14,127,296 $11,251,258 - ------------------------------------------------------------------------------------------ 3. 61-90 ......................... $ 2,070,404 $ 7,019,942 - ------------------------------------------------------------------------------------------ 4. 91+ ........................... $ 3,598,876 $ 4,721,118 - ------------------------------------------------------------------------------------------ 5. TOTAL ACCOUNTS RECEIVABLE ..... $41,314,895 $36,789,486 $ 0 $ 0 - ------------------------------------------------------------------------------------------ 6. AMOUNT CONSIDERED UNCOLLECTIBLE $ 0 - ------------------------------------------------------------------------------------------ 7. ACCOUNTS RECEIVABLE (NET) ..... $41,314,895 $36,789,486 $ 0 $ 0 - ------------------------------------------------------------------------------------------
AGING OF POSTPETITION TAXES AND PAYABLES MONTH: May-00 - -------------------------------------------------------------------------------- 0-30 31-60 61-90 91+ TAXES PAYABLE DAYS DAYS DAYS DAYS TOTAL - -------------------------------------------------------------------------------- 1. FEDERAL ............. $711,185 $711,185 - -------------------------------------------------------------------------------- 2. STATE ............... $ 0 - -------------------------------------------------------------------------------- 3. LOCAL ............... $ 0 - -------------------------------------------------------------------------------- 4. OTHER (ATTACH LIST) . $ 0 - -------------------------------------------------------------------------------- 5. TOTAL TAXES PAYABLE $711,185 $ 0 $ 0 $ 0 $711,185 - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- 6. ACCOUNTS PAYABLE ... $694,258 $694,258 - -------------------------------------------------------------------------------- STATUS OF POSTPETITION TAXES MONTH: May-00 - --------------------------------------------------------------------------- BEGINNING AMOUNT ENDING TAX WITHHELD AND/ AMOUNT TAX FEDERAL LIABILITY* 0R ACCRUED PAID LIABILITY - --------------------------------------------------------------------------- 1. WITHHOLDING** ..... $ 0 $ 258,147 $ 258,147 $ 0 - --------------------------------------------------------------------------- 2. FICA-EMPLOYEE** ... $ 0 $ 0 - --------------------------------------------------------------------------- 3. FICA-EMPLOYER** ... $ 0 $ 0 - --------------------------------------------------------------------------- 4. UNEMPLOYMENT ...... $ 0 $ 0 - --------------------------------------------------------------------------- 5. INCOME ............ $ 0 $ 297,769 $ 297,769 - --------------------------------------------------------------------------- 6. OTHER (ATTACH LIST) $ 0 $ 801,975 $ 388,559 $ 413,417 - --------------------------------------------------------------------------- 7. TOTAL FEDERAL TAXES $ 0 $1,357,890 $ 646,705 $ 711,185 STATE AND LOCAL - --------------------------------------------------------------------------- 8. WITHHOLDING ....... $ 0 $ 0 - --------------------------------------------------------------------------- 9. SALES ............. $ 0 $ 0 - --------------------------------------------------------------------------- 10. EXCISE ............ $ 0 $ 0 - --------------------------------------------------------------------------- 11. UNEMPLOYMENT ...... $ 0 $ 0 - --------------------------------------------------------------------------- 12. REAL PROPERTY ..... $ 0 $ 0 - --------------------------------------------------------------------------- 13. PERSONAL PROPERTY . $ 0 $ 0 - --------------------------------------------------------------------------- 14. OTHER (ATTACH LIST) $ 0 $ 0 - --------------------------------------------------------------------------- 15. TOTAL STATE & LOCAL $ 0 $ 0 $ 0 $ 0 - --------------------------------------------------------------------------- 16. TOTAL TAXES ....... $ 0 $1,357,890 $ 646,705 $ 711,185 - --------------------------------------------------------------------------- * The beginning tax liability should represent the liability from the prior month or, if this is the first operating report, the amount should be zero. ** Attach photocopies of IRS Form 6123 or your FTD coupon and payment receipt to verify payment or deposit. 53 MONTHLY OPERATING REPORT - ---------------------------------- CASE NAME: KITTY HAWK CARGO, INC ACCRUAL BASIS-5 - ---------------------------------- CASE NUMBER: 00-42145-BJH-11 02/13/95, RWD, 2/96 - ---------------------------------- The debtor in possession must complete the reconciliation below for each bank account, including all general, payroll and tax accounts, as well as all savings and investment accounts, money market accounts, certificates of deposit, government obligations, etc. Accounts with restricted funds should be identified by placing an asterisk next to the account number. Attach additional sheets if necessary. MONTH: May, 2000
BANK RECONCILIATIONS Account #1 Account #2 Account #3 - --------------------------------------------------------------------------------------------------- A. BANK: Bank One - ----------------------------------------------------------------------------------- B. ACCOUNT NUMBER: 1559691298 TOTAL - --------------------------------------------------------------------------------------------------- C. PURPOSE (TYPE): Operations Account - --------------------------------------------------------------------------------------------------- 1. BALANCE PER BANK STATEMENT ........ $0 - --------------------------------------------------------------------------------------------------- 2. ADD: TOTAL DEPOSITS NOT CREDITED .. $0 - --------------------------------------------------------------------------------------------------- 3. SUBTRACT: OUTSTANDING CHECKS ...... $0 - --------------------------------------------------------------------------------------------------- 4. OTHER RECONCILING ITEMS ........... $0 - --------------------------------------------------------------------------------------------------- 5. MONTH END BALANCE PER BOOKS ....... $0 $0 $0 $0 - --------------------------------------------------------------------------------------------------- 6. NUMBER OF LAST CHECK WRITTEN - --------------------------------------------------------------------------------------------------- INVESTMENT ACCOUNTS - --------------------------------------------------------------------------------------------------- DATE OF TYPE OF PURCHASE CURRENT BANK, ACCOUNT NAME & NUMBER PURCHASE INSTRUMENT PRICE VALUE - --------------------------------------------------------------------------------------------------- 7. N/A - --------------------------------------------------------------------------------------------------- 8. - --------------------------------------------------------------------------------------------------- 9. - --------------------------------------------------------------------------------------------------- 10. - --------------------------------------------------------------------------------------------------- 11. TOTAL INVESTMENTS $0 $0 - --------------------------------------------------------------------------------------------------- CASH - --------------------------------------------------------------------------------------------------- 12. CURRENCY ON HAND ($29,313) - --------------------------------------------------------------------------------------------------- - --------------------------------------------------------------------------------------------------- 13. TOTAL CASH - END OF MONTH ($29,313) - ---------------------------------------------------------------------------------------------------
54 MONTHLY OPERATING REPORT - ---------------------------------- CASE NAME: KITTY HAWK CARGO, INC ACCRUAL BASIS-6 - ---------------------------------- CASE NUMBER: 00-42145-BJH-11 02/13/95, RWD, 2/96 - ---------------------------------- MONTH: May, 2000 PAYMENTS TO INSIDERS AND PROFESSIONALS OF THE TOTAL DISBURSEMENTS SHOWN FOR THE MONTH, LIST THE AMOUNT PAID TO INSIDERS (AS DEFINED IN SECTION 101 (31) (A)-(F) OF THE U.S. BANKRUPTCY CODE) AND TO PROFESSIONALS. ALSO, FOR PAYMENTS TO INSIDERS, IDENTIFY THE TYPE OF COMPENSATION PAID (e.g. SALARY, BONUS, COMMISSIONS, INSURANCE, HOUSING ALLOWANCE, TRAVEL, CAR ALLOWANCE, ETC.). ATTACH ADDITIONAL SHEETS IF NECESSARY. INSIDERS - --------------------------------------------------------------------- TYPE OF AMOUNT TOTAL PAID NAME PAYMENT PAID TO DATE - --------------------------------------------------------------------- 1. Toby Skaar Salary $4,808 $4,808 2. 3. 4. 5. 6. TOTAL PAYMENTS TO INSIDERS ....... $4,808 $4,808
- ------------------------------------------------------------------------------------------ PROFESSIONALS - ------------------------------------------------------------------------------------------ DATE OF COURT TOTAL ORDER AUTHORIZING AMOUNT AMOUNT TOTAL PAID INCURRED NAME PAYMENT APPROVED PAID TO DATE & UNPAID* - ------------------------------------------------------------------------------------------ 1. SEE KITTY HAWK, INC. MOR - CASE# 00-42141-BJH-11 - ------------------------------------------------------------------------------------------ 2. - ------------------------------------------------------------------------------------------ 3. - ------------------------------------------------------------------------------------------ 4. - ------------------------------------------------------------------------------------------ 5. - ------------------------------------------------------------------------------------------ 6. TOTAL PAYMENTS TO PROFESSIONALS ............. $0 $0 $0 $0 - ------------------------------------------------------------------------------------------ * INCLUDE ALL FEES INCURRED, BOTH APPROVED AND UNAPPROVED POSTPETITION STATUS OF SECURED NOTES, LEASES PAYABLE AND ADEQUATE PROTECTION PAYMENTS - -------------------------------------------------------------------------------------- SCHEDULED AMOUNTS MONTHLY PAID TOTAL PAYMENTS DURING UNPAID NAME OF CREDITOR DUE MONTH POSTPETITION - -------------------------------------------------------------------------------------- 1. Fort Wayne - Allen County Airport Authority ... $183,476 $183,476 $ 0 - -------------------------------------------------------------------------------------- 2. City of Philadelphia - PHL .................... $ 25,508 $ 25,508 $ 0 - -------------------------------------------------------------------------------------- 3. NY/NJ Airport Authority - EWR ................. $ 27,792 $ 0 $ 27,792 - -------------------------------------------------------------------------------------- 4. City of Los Angeles - LAX (Cargo portion) ..... $39,562 $ 0 $ 39,562 - -------------------------------------------------------------------------------------- 5 - -------------------------------------------------------------------------------------- 6. TOTAL ......................................... $276,339 $208,984 $ 67,354 - --------------------------------------------------------------------------------------
55 MONTHLY OPERATING REPORT - ---------------------------------- CASE NAME: KITTY HAWK CARGO, INC ACCRUAL BASIS-7 - ---------------------------------- CASE NUMBER: 00-42145-BJH-11 02/13/95, RWD, 2/96 - ---------------------------------- MONTH: May, 2000
QUESTIONNAIRE - -------------------------------------------------------------------------------------------- YES NO - -------------------------------------------------------------------------------------------- 1. HAVE ANY ASSETS BEEN SOLD OR TRANSFERRED OUTSIDE THE NORMAL COURSE OF BUSINESS THIS REPORTING PERIOD? X - -------------------------------------------------------------------------------------------- 2. HAVE ANY FUNDS BEEN DISBURSED FROM ANY ACCOUNT OTHER THAN A DEBTOR IN POSSESSION ACCOUNT? X - -------------------------------------------------------------------------------------------- 3. ARE ANY POSTPETITION RECEIVABLES (ACCOUNTS, NOTES, OR LOANS) DUE FROM RELATED PARTIES? X - -------------------------------------------------------------------------------------------- 4. HAVE ANY PAYMENTS BEEN MADE ON PREPETITION LIABILITIES THIS REPORTING PERIOD? X - -------------------------------------------------------------------------------------------- 5. HAVE ANY POSTPETITION LOANS BEEN RECEIVED BY THE DEBTOR FROM ANY PARTY? X - -------------------------------------------------------------------------------------------- 6. ARE ANY POSTPETITION PAYROLL TAXES PAST DUE? X - -------------------------------------------------------------------------------------------- 7. ARE ANY POSTPETITION STATE OR FEDERAL INCOME TAXES PAST DUE? X - -------------------------------------------------------------------------------------------- 8. ARE ANY POSTPETITION REAL ESTATE TAXES PAST DUE? X - -------------------------------------------------------------------------------------------- 9. ARE ANY OTHER POSTPETITION TAXES PAST DUE? X - -------------------------------------------------------------------------------------------- 10. ARE ANY AMOUNTS OWED TO POSTPETITION CREDITORS DELINQUENT? X - -------------------------------------------------------------------------------------------- 11. HAVE ANY PREPETITION TAXES BEEN PAID DURING THE REPORTING PERIOD? - -------------------------------------------------------------------------------------------- 12. ARE ANY WAGE PAYMENTS PAST DUE? X - -------------------------------------------------------------------------------------------- IF THE ANSWER TO ANY OF THE ABOVE QUESTIONS IS "YES," PROVIDE A DETAILED EXPLANATION OF EACH ITEM. ATTACH ADDITIONAL SHEETS IF NECESSARY. INSURANCE - -------------------------------------------------------------------------------------------- YES NO - -------------------------------------------------------------------------------------------- 1. ARE WORKER'S COMPENSATION, GENERAL LIABILITY AND OTHER NECESSARY INSURANCE X COVERAGES IN EFFECT? - -------------------------------------------------------------------------------------------- 2. ARE ALL PREMIUM PAYMENTS PAID CURRENT? X - -------------------------------------------------------------------------------------------- 3. PLEASE ITEMIZE POLICIES BELOW. - --------------------------------------------------------------------------------------------
IF THE ANSWER TO ANY OF THE ABOVE QUESTIONS IS "NO," OR IF ANY POLICIES HAVE BEEN CANCELLED OR NOT RENEWED DURING THIS REPORTING PERIOD, PROVIDE AN EXPLANATION BELOW. ATTACH ADDITIONAL SHEETS IF NECESSARY. - -------------------------------------------------------------------------------- INSTALLMENT PAYMENTS - -------------------------------------------------------------------------------- TYPE OF PAYMENT AMOUNT POLICY CARRIER PERIOD COVERED & FREQUENCY - -------------------------------------------------------------------------------- SEE KITTY HAWK, INC. MOR- CASE # 00-42141-BJH-11 - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- 56 CASE NAME: KITTY HAWK CARGO, INC CASE NUMBER: 00-42145-BJH-11 DETAILS OF OTHER ITEMS ACCRUAL BASIS-1 8. OTHER (ATTACH LIST) ............................... $29,749,796 Reported ----------- Net of all I/C Accts Receivable/Payable ....... 29,532,903 Intangibles - Other ........................... 149,476 Deposits ...................................... 67,417 ----------- 29,749,796 Detail ----------- - Difference ----------- 22. OTHER (ATTACH LIST) ............................... $ 1,130,168 Reported ----------- Accrued Liabilities ........................... 685,875 Accrued Salaries & PR Taxes ................... 444,293 ----------- 1,130,168 Detail ----------- - Difference ----------- 27. OTHER (ATTACH LIST) ............................... $ 5,941,087 Reported ----------- Pre-petition Fed Inc Tax ...................... 4,018,223 Pre-petition Deposits ......................... 479,924 Pre-petition Taxes Other ...................... (36,000) Pre-petition Accrued Liabilities .............. 1,478,940 ----------- 5,941,087 Detail ----------- - Difference ----------- ACCRUAL BASIS-2 13. OTHER (ATTACH LIST) ............................... $12,250,867 Reported ----------- Aircraft Costs .............................. 1,664,026 I/C Aircraft Costs (KHA) .................... 4,893,265 KHC Ground Handling (Operations Payroll) .... 718,222 Outstation Ground Handling .................. 1,214,395 Trucking Costs .............................. 537,021 Fuel ........................................ 2,717,084 Contract Labor .............................. 266,078 Other ....................................... 240,776 57 CASE NAME: KITTY HAWK CARGO, INC CASE NUMBER: 00-42145-BJH-11 DETAILS OF OTHER ITEMS ----------- 12,250,867 Detail ----------- - Difference ACCRUAL BASIS-3 8. OTHER (ATTACH LIST) ............................... (18,419,934)Reported ----------- Transfer to Inc - all money sweeps (18,419,934)Detail ----------- to KH Inc. Case #400-42141 ................. - Difference ----------- ACCRUAL BASIS-4 6. OTHER (ATTACH LIST) ............................... 801,975 Reported ----------- FET (720) 05/01-15/00 Pd 05/16 ................ 388,559 FET (720) 05/16-31/00 Pd 06/02 ................ 413,417 ----------- 801,975 Detail ----------- - Difference ----------- 58 EX-99.6 7 0007.txt EXHIBIT 99.6 MONTHLY OPERATING REPORT - ------------------------------ CASE NAME: OK TURBINES, INC. ACCRUAL BASIS - ------------------------------ CASE NUMBER: 00-42146-BJH-11 02/13/95, RWD, 2/96 - ------------------------------ JUDGE: BARBARA J. HOUSER - ------------------------------ UNITED STATES BANKRUPTCY COURT NORTHERN DISTRICT OF TEXAS SIXTH DIVISION MONTHLY OPERATING REPORT MONTH ENDING: MAY 31, 2000 IN ACCORDANCE WITH TITLE 28, SECTION 1746, OF THE UNITED STATES CODE, I DECLARE UNDER PENALTY OF PERJURY THAT I HAVE EXAMINED THE FOLLOWING MONTHLY OPERATING REPORT (ACCRUAL BASIS-1 THROUGH ACCRUAL BASIS-7) AND THE ACCOMPANYING ATTACHMENTS AND, TO THE BEST OF MY KNOWLEDGE, THESE DOCUMENTS ARE TRUE, CORRECT AND COMPLETE. DECLARATION OF THE PREPARER (OTHER THAN RESPONSIBLE PARTY): IS BASED ON ALL INFORMATION OF WHICH PREPARER HAS ANY KNOWLEDGE. RESPONSIBLE PARTY: /s/ DREW KEITH CFO - -------------------------------------------- --------------------- ORIGINAL SIGNATURE OF RESPONSIBLE PARTY TITLE Drew Keith 7/3/00 - -------------------------------------------- --------------------- PRINTED NAME OF RESPONSIBLE PARTY DATE PREPARER: /s/ JESSICA L. WILSON Corporate Controller - -------------------------------------------- --------------------- ORIGINAL SIGNATURE OF PREPARER TITLE Jessica L. Wilson 7/3/00 - -------------------------------------------- --------------------- PRINTED NAME OF PREPARER DATE 59 MONTHLY OPERATING REPORT - ------------------------------ CASE NAME: OK TURBINES, INC. ACCRUAL BASIS-1 - ------------------------------ CASE NUMBER: 00-42146-BJH-11 02/13/95, RWD, 2/96 - ------------------------------
COMPARATIVE BALANCE SHEET - ---------------------------------------------------------------------------------------------------------------- SCHEDULE MONTH MONTH MONTH ASSETS AMOUNT May-00 - ---------------------------------------------------------------------------------------------------------------- 1. UNRESTRICTED CASH $ 299,835 $ 320,507 - ---------------------------------------------------------------------------------------------------------------- 2. RESTRICTED CASH $ 0 - ---------------------------------------------------------------------------------------------------------------- 3. TOTAL CASH $ 299,835 $ 320,507 $ 0 $ 0 - ---------------------------------------------------------------------------------------------------------------- 4. ACCOUNTS RECEIVABLE (NET) $ 569,077 $ 594,876 - ---------------------------------------------------------------------------------------------------------------- 5. INVENTORY $4,135,448 $3,987,278 - ---------------------------------------------------------------------------------------------------------------- 6. NOTES RECEIVABLE $ 0 $ 0 - ---------------------------------------------------------------------------------------------------------------- 7. PREPAID EXPENSES $ 0 $ 0 - ---------------------------------------------------------------------------------------------------------------- 8. OTHER (ATTACH LIST) $ 30,000 ($1,101,672) - ---------------------------------------------------------------------------------------------------------------- 9. TOTAL CURRENT ASSETS $5,034,360 $3,800,990 $ 0 $ 0 - ---------------------------------------------------------------------------------------------------------------- 10. PROPERTY, PLANT & EQUIPMENT $ 474,012 $ 568,177 - ---------------------------------------------------------------------------------------------------------------- 11. LESS: ACCUMULATED DEPRECIATION / DEPLETION $ 0 $ 97,964 - ---------------------------------------------------------------------------------------------------------------- 12. NET PROPERTY, PLANT & EQUIPMENT $ 474,012 $ 470,213 $ 0 $ 0 - ---------------------------------------------------------------------------------------------------------------- 13. DUE FROM INSIDERS $ 0 $ 0 - ---------------------------------------------------------------------------------------------------------------- 14. OTHER ASSETS - NET OF AMORTIZATION (ATTACH LIST) $ 0 $ 0 - ---------------------------------------------------------------------------------------------------------------- 15. OTHER (ATTACH LIST) $ 0 $ 0 - ---------------------------------------------------------------------------------------------------------------- 16. TOTAL ASSETS $5,508,372 $4,271,202 $ 0 $ 0 - ---------------------------------------------------------------------------------------------------------------- POSTPETITION LIABILITIES - ---------------------------------------------------------------------------------------------------------------- 17. ACCOUNTS PAYABLE $ 8,923 - ---------------------------------------------------------------------------------------------------------------- 18. TAXES PAYABLE $ 0 - ---------------------------------------------------------------------------------------------------------------- 19. NOTES PAYABLE $ 0 - ---------------------------------------------------------------------------------------------------------------- 20. PROFESSIONAL FEES $ 0 - ---------------------------------------------------------------------------------------------------------------- 21. SECURED DEBT $ 0 - ---------------------------------------------------------------------------------------------------------------- 22. OTHER (ATTACH LIST) $ 0 - ---------------------------------------------------------------------------------------------------------------- 23. TOTAL POSTPETITION LIABILITIES $ 8,923 $ 0 $ 0 - ---------------------------------------------------------------------------------------------------------------- PREPETITION LIABILITIES - ---------------------------------------------------------------------------------------------------------------- 24. SECURED DEBT $ 0 $ 0 - ---------------------------------------------------------------------------------------------------------------- 25. PRIORITY DEBT $ 28,268 $ 0 - ---------------------------------------------------------------------------------------------------------------- 26. UNSECURED DEBT $ 493,554 $ 522,825 - ---------------------------------------------------------------------------------------------------------------- 27. OTHER (ATTACH LIST) $ 0 $ 0 - ---------------------------------------------------------------------------------------------------------------- 28. TOTAL PREPETITION LIABILITIES $ 521,822 $ 522,825 $ 0 $ 0 - ---------------------------------------------------------------------------------------------------------------- 29. TOTAL LIABILITIES $ 521,822 $ 531,747 $ 0 $ 0 - ---------------------------------------------------------------------------------------------------------------- EQUITY - ---------------------------------------------------------------------------------------------------------------- 30. PREPETITION OWNERS' EQUITY $3,790,619 - ---------------------------------------------------------------------------------------------------------------- 31. POSTPETITION CUMULATIVE PROFIT OR (LOSS) ($ 51,164) - ---------------------------------------------------------------------------------------------------------------- 32. DIRECT CHARGES TO EQUITY (ATTACH EXPLANATION) - ---------------------------------------------------------------------------------------------------------------- 33. TOTAL EQUITY $ 0 $3,739,455 $ 0 $ 0 - ---------------------------------------------------------------------------------------------------------------- 34. TOTAL LIABILITIES & OWNERS' EQUITY $ 521,822 $4,271,202 $ 0 $ 0 - ----------------------------------------------------------------------------------------------------------------
60 MONTHLY OPERATING REPORT - ------------------------------- CASE NAME: OK TURBINES, INC. ACCRUAL BASIS-2 - ------------------------------- CASE NUMBER: 00-42146-BJH-11 02/13/95, RWD, 2/96 - -------------------------------
INCOME STATEMENT - ------------------------------------------------------------------------------------------------------ MONTH MONTH MONTH QUARTER REVENUES MAY-00 TOTAL - ------------------------------------------------------------------------------------------------------ 1. GROSS REVENUES $296,737 - ------------------------------------------------------------------------------------------------------ 2. LESS: RETURNS & DISCOUNTS $0 - ------------------------------------------------------------------------------------------------------ 3. NET REVENUE $296,737 $0 $0 $0 - ------------------------------------------------------------------------------------------------------ COST OF GOODS SOLD - ------------------------------------------------------------------------------------------------------ 4. MATERIAL $258,368 - ------------------------------------------------------------------------------------------------------ 5. DIRECT LABOR $41,241 - ------------------------------------------------------------------------------------------------------ 6. DIRECT OVERHEAD $6,467 - ------------------------------------------------------------------------------------------------------ 7. TOTAL COST OF GOODS SOLD $306,076 $0 $0 $0 - ------------------------------------------------------------------------------------------------------ 8. GROSS PROFIT ($9,338) $0 $0 $0 - ------------------------------------------------------------------------------------------------------ OPERATING EXPENSES - ------------------------------------------------------------------------------------------------------ 9. OFFICER / INSIDER COMPENSATION $7,933 - ------------------------------------------------------------------------------------------------------ 10. SELLING & MARKETING $207 - ------------------------------------------------------------------------------------------------------ 11. GENERAL & ADMINISTRATIVE $23,532 - ------------------------------------------------------------------------------------------------------ 12. RENT & LEASE $6,353 - ------------------------------------------------------------------------------------------------------ 13. OTHER (ATTACH LIST) $0 - ------------------------------------------------------------------------------------------------------ 14. TOTAL OPERATING EXPENSES $38,025 $0 $0 $0 - ------------------------------------------------------------------------------------------------------ 15. INCOME BEFORE NON-OPERATING INCOME & EXPENSE ($47,363) $0 $0 $0 - ------------------------------------------------------------------------------------------------------ OTHER INCOME & EXPENSES - ------------------------------------------------------------------------------------------------------ 16. NON-OPERATING INCOME (ATT. LIST) $0 - ------------------------------------------------------------------------------------------------------ 17. NON-OPERATING EXPENSE (ATT. LIST) $0 - ------------------------------------------------------------------------------------------------------ 18. INTEREST EXPENSE $0 - ------------------------------------------------------------------------------------------------------ 19. DEPRECIATION / DEPLETION $3,801 - ------------------------------------------------------------------------------------------------------ 20. AMORTIZATION $0 - ------------------------------------------------------------------------------------------------------ 21. OTHER (ATTACH LIST) $0 - ------------------------------------------------------------------------------------------------------ 22. NET OTHER INCOME & EXPENSES $3,801 $0 $0 $0 - ------------------------------------------------------------------------------------------------------ REORGANIZATION EXPENSES - ------------------------------------------------------------------------------------------------------ 23. PROFESSIONAL FEES $0 - ------------------------------------------------------------------------------------------------------ 24. U.S. TRUSTEE FEES $0 - ------------------------------------------------------------------------------------------------------ 25. OTHER (ATTACH LIST) $0 - ------------------------------------------------------------------------------------------------------ 26. TOTAL REORGANIZATION EXPENSES $0 $0 $0 $0 - ------------------------------------------------------------------------------------------------------ 27. INCOME TAX $0 - ------------------------------------------------------------------------------------------------------ 28. NET PROFIT (LOSS) ($51,164) $0 $0 $0 - ------------------------------------------------------------------------------------------------------
61 MONTHLY OPERATING REPORT - ----------------------------- CASE NAME: OK TURBINES, INC. ACCRUAL BASIS-3 - ----------------------------- CASE NUMBER: 00-42146-BJH-11 02/13/95, RWD, 2/96 - -----------------------------
- ---------------------------------------------------------------------------------------------------------- CASH RECEIPTS AND MONTH MONTH MONTH QUARTER ------------------------------------------------ DISBURSEMENTS MAY-00 TOTAL - ---------------------------------------------------------------------------------------------------------- 1. CASH - BEGINNING OF MONTH $299,835 $299,835 - ---------------------------------------------------------------------------------------------------------- RECEIPTS FROM OPERATIONS - ---------------------------------------------------------------------------------------------------------- 2. CASH SALES $0 $0 - ---------------------------------------------------------------------------------------------------------- COLLECTION OF ACCOUNTS RECEIVABLE - ---------------------------------------------------------------------------------------------------------- 3. PREPETITION $213,597 $213,597 - ---------------------------------------------------------------------------------------------------------- 4. POSTPETITION $48,336 $48,336 - ---------------------------------------------------------------------------------------------------------- 5. TOTAL OPERATING RECEIPTS $261,933 $0 $0 $261,933 - ---------------------------------------------------------------------------------------------------------- NON - OPERATING RECEIPTS - ---------------------------------------------------------------------------------------------------------- 6. LOANS & ADVANCES (ATTACH LIST) $0 $0 - ---------------------------------------------------------------------------------------------------------- 7. SALE OF ASSETS $0 $0 - ---------------------------------------------------------------------------------------------------------- 8. OTHER (ATTACH LIST) $1,773 $1,773 - ---------------------------------------------------------------------------------------------------------- 9. TOTAL NON-OPERATING RECEIPTS $1,773 $0 $0 $1,773 - ---------------------------------------------------------------------------------------------------------- 10. TOTAL RECEIPTS $263,706 $0 $0 $263,706 - ---------------------------------------------------------------------------------------------------------- 11. TOTAL CASH AVAILABLE $563,541 $0 $0 $563,541 - ---------------------------------------------------------------------------------------------------------- OPERATING DISBURSEMENTS - ---------------------------------------------------------------------------------------------------------- 12. NET PAYROLL $94,856 $94,856 - ---------------------------------------------------------------------------------------------------------- 13. PAYROLL TAXES PAID $7,086 $7,086 - ---------------------------------------------------------------------------------------------------------- 14. SALES, USE & OTHER TAXES PAID $0 $0 - ---------------------------------------------------------------------------------------------------------- 15. SECURED / RENTAL / LEASES $2,720 $2,720 - ---------------------------------------------------------------------------------------------------------- 16. UTILITIES $77 $77 - ---------------------------------------------------------------------------------------------------------- 17. INSURANCE $0 $0 - ---------------------------------------------------------------------------------------------------------- 18. INVENTORY PURCHASES $54,273 $54,273 - ---------------------------------------------------------------------------------------------------------- 19. VEHICLE EXPENSES $0 $0 - ---------------------------------------------------------------------------------------------------------- 20. TRAVEL $129 $129 - ---------------------------------------------------------------------------------------------------------- 21. ENTERTAINMENT $212 $212 - ---------------------------------------------------------------------------------------------------------- 22. REPAIRS & MAINTENANCE $61,338 $61,338 - ---------------------------------------------------------------------------------------------------------- 23. SUPPLIES $2,016 $2,016 - ---------------------------------------------------------------------------------------------------------- 24. ADVERTISING $0 $0 - ---------------------------------------------------------------------------------------------------------- 25. OTHER (ATTACH LIST) $20,829 $20,829 - ---------------------------------------------------------------------------------------------------------- 26. TOTAL OPERATING DISBURSEMENTS $243,536 $0 $0 $243,536 - ---------------------------------------------------------------------------------------------------------- REORGANIZATION EXPENSES - ---------------------------------------------------------------------------------------------------------- 27. PROFESSIONAL FEES $0 $0 - ---------------------------------------------------------------------------------------------------------- 28. U.S. TRUSTEE FEES $0 $0 - ---------------------------------------------------------------------------------------------------------- 29. OTHER (ATTACH LIST) $0 $0 - ---------------------------------------------------------------------------------------------------------- 30. TOTAL REORGANIZATION EXPENSES $0 $0 $0 $0 - ---------------------------------------------------------------------------------------------------------- 31. TOTAL DISBURSEMENTS $243,536 $0 $0 $243,536 - ---------------------------------------------------------------------------------------------------------- 32. NET CASH FLOW $20,170 $0 $0 $20,170 - ---------------------------------------------------------------------------------------------------------- 33. CASH - END OF MONTH $320,005 $0 $0 $320,005 - ----------------------------------------------------------------------------------------------------------
62 MONTHLY OPERATING REPORT - ----------------------------- CASE NAME: OK TURBINES, INC. ACCRUAL BASIS-4 - ----------------------------- CASE NUMBER: 00-42146-BJH-11 02/13/95, RWD, 2/96 - -----------------------------
- ------------------------------------------------------------------------------------------------------------------ SCHEDULE MONTH MONTH MONTH ---------------------------------------------- ACCOUNTS RECEIVABLE AGING AMOUNT MAY-00 - ------------------------------------------------------------------------------------------------------------------ 1. 0-30 $265,885 - ------------------------------------------------------------------------------------------------------------------ 2. 31-60 $123,329 - ------------------------------------------------------------------------------------------------------------------ 3. 61-90 $131,150 - ------------------------------------------------------------------------------------------------------------------ 4. 91+ $87,356 - ------------------------------------------------------------------------------------------------------------------ 5. TOTAL ACCOUNTS RECEIVABLE $0 $607,720 $0 $0 - ------------------------------------------------------------------------------------------------------------------ 6. AMOUNT CONSIDERED UNCOLLECTIBLE $12,844 - ------------------------------------------------------------------------------------------------------------------ 7. ACCOUNTS RECEIVABLE (NET) $0 $594,876 $0 $0 - ------------------------------------------------------------------------------------------------------------------ AGING OF POSTPETITION TAXES AND PAYABLES MONTH: MAY-00 - ------------------------------------------------------------------------------------------------------------------ 0-30 31-60 61-90 91+ TAXES PAYABLE DAYS DAYS DAYS DAYS TOTAL - ------------------------------------------------------------------------------------------------------------------ 1. FEDERAL $0 $0 $0 $0 $0 - ------------------------------------------------------------------------------------------------------------------ 2. STATE $0 $0 $0 $0 $0 - ------------------------------------------------------------------------------------------------------------------ 3. LOCAL $0 $0 $0 $0 $0 - ------------------------------------------------------------------------------------------------------------------ 4. OTHER (ATTACH LIST) $0 $0 $0 $0 $0 - ------------------------------------------------------------------------------------------------------------------ 5. TOTAL TAXES PAYABLE $0 $0 $0 $0 $0 - ------------------------------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------------------------------ 6. ACCOUNTS PAYABLE $8,923 $0 $0 $0 $8,923 - ------------------------------------------------------------------------------------------------------------------ STATUS OF POSTPETITION TAXES MONTH: May-00 - ------------------------------------------------------------------------------------------------------------------ BEGINNING AMOUNT ENDING TAX WITHHELD AND/ AMOUNT TAX FEDERAL LIABILITY* 0R ACCRUED PAID LIABILITY - ------------------------------------------------------------------------------------------------------------------ 1. WITHHOLDING** $0 $0 $0 $0 - ------------------------------------------------------------------------------------------------------------------ 2. FICA-EMPLOYEE** $0 $0 $0 $0 - ------------------------------------------------------------------------------------------------------------------ 3. FICA-EMPLOYER** $0 $0 $0 $0 - ------------------------------------------------------------------------------------------------------------------ 4. UNEMPLOYMENT $0 $0 $0 $0 - ------------------------------------------------------------------------------------------------------------------ 5. INCOME $0 $0 $0 $0 - ------------------------------------------------------------------------------------------------------------------ 6. OTHER (ATTACH LIST) $0 $0 $0 $0 - ------------------------------------------------------------------------------------------------------------------ 7. TOTAL FEDERAL TAXES $0 $0 $0 $0 - ------------------------------------------------------------------------------------------------------------------ STATE AND LOCAL - ------------------------------------------------------------------------------------------------------------------ 8. WITHHOLDING $0 $0 $0 $0 - ------------------------------------------------------------------------------------------------------------------ 9. SALES $0 $0 $0 $0 - ------------------------------------------------------------------------------------------------------------------ 10. EXCISE $0 $0 $0 $0 - ------------------------------------------------------------------------------------------------------------------ 11. UNEMPLOYMENT $0 $0 $0 $0 - ------------------------------------------------------------------------------------------------------------------ 12. REAL PROPERTY $0 $0 $0 $0 - ------------------------------------------------------------------------------------------------------------------ 13. PERSONAL PROPERTY $0 $0 $0 $0 - ------------------------------------------------------------------------------------------------------------------ 14. OTHER (ATTACH LIST) $0 $0 $0 $0 - ------------------------------------------------------------------------------------------------------------------ 15. TOTAL STATE & LOCAL $0 $0 $0 $0 - ------------------------------------------------------------------------------------------------------------------ 16. TOTAL TAXES $0 $0 $0 $0 - ------------------------------------------------------------------------------------------------------------------
* The beginning tax liability should represent the liability from the prior month or, if this is the first operating report, the amount should be zero. ** Attach photocopies of IRS Form 6123 or your FTD coupon and payment receipt to verify payment or deposit. 63 MONTHLY OPERATING REPORT - ----------------------------- CASE NAME: OK TURBINES, INC. ACCRUAL BASIS-5 - ----------------------------- CASE NUMBER: 00-42146-BJH-11 02/13/95, RWD, 2/96 - ----------------------------- The debtor in possession must complete the reconciliation below for each bank account, including all general, payroll and tax accounts, as well as all savings and investment accounts, money market accounts, certificates of deposit, government obligations, etc. Accounts with restricted funds should be identified by placing an asterisk next to the account number. Attach additional sheets if necessary.
MONTH: May-00 BANK RECONCILIATIONS ACCOUNT #1 ACCOUNT #2 ACCOUNT #3 - ---------------------------------------------------------------------------------------------------------- A. BANK: Bank of America Bank of America Bank of America - --------------------------------------------------------------------------------------------- B. ACCOUNT NUMBER: 15819-20089 00127-09156 00129-09155 TOTAL - --------------------------------------------------------------------------------------------- C. PURPOSE (TYPE): Operating Payroll Operating - ---------------------------------------------------------------------------------------------------------- 1. BALANCE PER BANK STATEMENT $385,493 $0 $0 $385,493 - ---------------------------------------------------------------------------------------------------------- 2. ADD: TOTAL DEPOSITS NOT CREDITED $0 $0 $0 $0 - ---------------------------------------------------------------------------------------------------------- 3. SUBTRACT: OUTSTANDING CHECKS $ 65,487 $0 $0 $ 65,487 - ---------------------------------------------------------------------------------------------------------- 4. OTHER RECONCILING ITEMS $0 $0 $0 $0 - ---------------------------------------------------------------------------------------------------------- 5. MONTH END BALANCE PER BOOKS $320,006 $0 $0 $320,006 - ---------------------------------------------------------------------------------------------------------- 6. NUMBER OF LAST CHECK WRITTEN 5050 Account closed Account closed - ---------------------------------------------------------------------------------------------------------- INVESTMENT ACCOUNTS DATE OF TYPE OF PURCHASE CURRENT BANK, ACCOUNT NAME & NUMBER PURCHASE INSTRUMENT PRICE VALUE - ---------------------------------------------------------------------------------------------------------- 7. N/A - ---------------------------------------------------------------------------------------------------------- 8. N/A - ---------------------------------------------------------------------------------------------------------- 9. N/A - ---------------------------------------------------------------------------------------------------------- 10. N/A - ---------------------------------------------------------------------------------------------------------- 11. TOTAL INVESTMENTS $0 $0 - ---------------------------------------------------------------------------------------------------------- CASH - ---------------------------------------------------------------------------------------------------------- 12. CURRENCY ON HAND $502 - ---------------------------------------------------------------------------------------------------------- - ---------------------------------------------------------------------------------------------------------- 13. TOTAL CASH - END OF MONTH $320,507 - ----------------------------------------------------------------------------------------------------------
64 MONTHLY OPERATING REPORT - ----------------------------- CASE NAME: OK TURBINES, INC. ACCRUAL BASIS-6 - ----------------------------- CASE NUMBER: 00-42146-BJH-11 02/13/95, RWD, 2/96 - ----------------------------- MONTH: May 2000 PAYMENTS TO INSIDERS AND PROFESSIONALS OF THE TOTAL DISBURSEMENTS SHOWN FOR THE MONTH, LIST THE AMOUNT PAID TO INSIDERS (AS DEFINED IN SECTION 101 (31) (A)-(F) OF THE U.S. BANKRUPTCY CODE) AND TO PROFESSIONALS. ALSO, FOR PAYMENTS TO INSIDERS, IDENTIFY THE TYPE OF COMPENSATION PAID (e.g. SALARY, BONUS, COMMISSIONS, INSURANCE, HOUSING ALLOWANCE, TRAVEL, CAR ALLOWANCE, ETC.). ATTACH ADDITIONAL SHEETS IF NECESSARY. - -------------------------------------------------------------------- INSIDERS - -------------------------------------------------------------------- TYPE OF AMOUNT TOTAL PAID NAME PAYMENT PAID TO DATE - -------------------------------------------------------------------- 1. GREGG NIMMO Reimbursment $8,001 $8,001 - -------------------------------------------------------------------- 2. GREGG NIMMO Salary $7,933 $7,933 - -------------------------------------------------------------------- 3. - -------------------------------------------------------------------- 4. - -------------------------------------------------------------------- 5. - -------------------------------------------------------------------- 6. TOTAL PAYMENTS TO INSIDERS $15,934 $15,934 - --------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------ PROFESSIONALS - ------------------------------------------------------------------------------------------------ DATE OF COURT TOTAL ORDER AUTHORIZING AMOUNT AMOUNT TOTAL PAID INCURRED NAME PAYMENT APPROVED PAID TO DATE & UNPAID * - ------------------------------------------------------------------------------------------------ 1. N/A - ------------------------------------------------------------------------------------------------ 2. N/A - ------------------------------------------------------------------------------------------------ 3. N/A - ------------------------------------------------------------------------------------------------ 4. N/A - ------------------------------------------------------------------------------------------------ 5. N/A - ------------------------------------------------------------------------------------------------ 6. TOTAL PAYMENTS TO PROFESSIONALS $0 $0 $0 $0 - ------------------------------------------------------------------------------------------------
* INCLUDE ALL FEES INCURRED, BOTH APPROVED AND UNAPPROVED - -------------------------------------------------------------------------------- POSTPETITION STATUS OF SECURED NOTES, LEASES PAYABLE AND ADEQUATE PROTECTION PAYMENTS - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- SCHEDULED AMOUNTS MONTHLY PAID TOTAL PAYMENTS DURING UNPAID NAME OF CREDITOR DUE MONTH POSTPETITION - -------------------------------------------------------------------------------- 1. City of Hollister - Building Rent $2,335 $2,335 $0 - -------------------------------------------------------------------------------- 2. Other various $385 - -------------------------------------------------------------------------------- 3. N/A - -------------------------------------------------------------------------------- 4. N/A - -------------------------------------------------------------------------------- 5. N/A - -------------------------------------------------------------------------------- 6. TOTAL $2,335 $2,720 $0 - -------------------------------------------------------------------------------- 65 MONTHLY OPERATING REPORT - ----------------------------- CASE NAME: OK TURBINES, INC. ACCRUAL BASIS-7 - ----------------------------- CASE NUMBER: 00-42146-BJH-11 02/13/95, RWD, 2/96 - ----------------------------- MONTH: MAY-00
QUESTIONNAIRE - -------------------------------------------------------------------------------------------- YES NO - -------------------------------------------------------------------------------------------- 1. HAVE ANY ASSETS BEEN SOLD OR TRANSFERRED OUTSIDE THE NORMAL COURSE OF BUSINESS THIS REPORTING PERIOD? X - -------------------------------------------------------------------------------------------- 2. HAVE ANY FUNDS BEEN DISBURSED FROM ANY ACCOUNT OTHER THAN A DEBTOR IN POSSESSION ACCOUNT? X - -------------------------------------------------------------------------------------------- 3. ARE ANY POSTPETITION RECEIVABLES (ACCOUNTS, NOTES, OR LOANS) DUE FROM RELATED PARTIES? X - -------------------------------------------------------------------------------------------- 4. HAVE ANY PAYMENTS BEEN MADE ON PREPETITION LIABILITIES THIS REPORTING PERIOD? X - -------------------------------------------------------------------------------------------- 5. HAVE ANY POSTPETITION LOANS BEEN RECEIVED BY THE DEBTOR FROM ANY PARTY? X - -------------------------------------------------------------------------------------------- 6. ARE ANY POSTPETITION PAYROLL TAXES PAST DUE? X - -------------------------------------------------------------------------------------------- 7. ARE ANY POSTPETITION STATE OR FEDERAL INCOME TAXES PAST DUE? X - -------------------------------------------------------------------------------------------- 8. ARE ANY POSTPETITION REAL ESTATE TAXES PAST DUE? X - -------------------------------------------------------------------------------------------- 9. ARE ANY OTHER POSTPETITION TAXES PAST DUE? X - -------------------------------------------------------------------------------------------- 10. ARE ANY AMOUNTS OWED TO POSTPETITION CREDITORS DELINQUENT? X - -------------------------------------------------------------------------------------------- 11. HAVE ANY PREPETITION TAXES BEEN PAID DURING THE REPORTING PERIOD? X - -------------------------------------------------------------------------------------------- 12. ARE ANY WAGE PAYMENTS PAST DUE? X - -------------------------------------------------------------------------------------------- IF THE ANSWER TO ANY OF THE ABOVE QUESTIONS IS "YES," PROVIDE A DETAILED EXPLANATION OF EACH ITEM. ATTACH ADDITIONAL SHEETS IF NECESSARY. - -------------------------------------------------------------------------------- INSURANCE - -------------------------------------------------------------------------------------------- YES NO - -------------------------------------------------------------------------------------------- 1. ARE WORKER'S COMPENSATION, GENERAL LIABILITY AND OTHER NECESSARY INSURANCE COVERAGES IN EFFECT? X - -------------------------------------------------------------------------------------------- 2. ARE ALL PREMIUM PAYMENTS PAID CURRENT? X - -------------------------------------------------------------------------------------------- 3. PLEASE ITEMIZE POLICIES BELOW. - -------------------------------------------------------------------------------------------- IF THE ANSWER TO ANY OF THE ABOVE QUESTIONS IS "NO," OR IF ANY POLICIES HAVE BEEN CANCELLED OR NOT RENEWED DURING THIS REPORTING PERIOD, PROVIDE AN EXPLANATION BELOW. ATTACH ADDITIONAL SHEETS IF NECESSARY. - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- INSTALLMENT PAYMENTS - -------------------------------------------------------------------------------- TYPE OF PAYMENT AMOUNT POLICY CARRIER PERIOD COVERED & FREQUENCY - -------------------------------------------------------------------------------- See Kitty Hawk, Inc. Case #400-42141 - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- - --------------------------------------------------------------------------------
66 - ----------------------------- CASE NAME: OK TURBINES, INC. FOOTNOTES SUPPLEMENT - ----------------------------- CASE NUMBER: 00-42146-BJH-11 ACCRUAL BASIS - ----------------------------- MONTH: May-00 - -------------------------------------------------------------------------------- ACCRUAL BASIS LINE FORM NUMBER NUMBER FOOTNOTE / EXPLANATION - -------------------------------------------------------------------------------- 3 12 All payroll is paid out of Kitty Hawk - -------------------------------------------------------------------------------- 13 Charters, Inc. (Case #400-42142) and - -------------------------------------------------------------------------------- allocated to the Company. Related payroll taxes - -------------------------------------------------------------------------------- are disbursed out of and reported at KH - -------------------------------------------------------------------------------- Charters. - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- 6 All Professional fees related to the - -------------------------------------------------------------------------------- Reorganization of the Company are disbursed out - -------------------------------------------------------------------------------- of Kitty Hawk, Inc. (Parent Company). Refer to - -------------------------------------------------------------------------------- Case # 400-42141 - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- 7 All insurance plans related to the Company are - -------------------------------------------------------------------------------- carried at Kitty Hawk, Inc. (Parent Company). - -------------------------------------------------------------------------------- Refer to Case # 400-42141. - -------------------------------------------------------------------------------- 67 CASE NAME: OK TURBINES, INC. CASE NUMBER: 00-42146-BJH-11 DETAILS OF OTHER ITEMS ACCRUAL BASIS-1 8. OTHER (ATTACH LIST) ............................. $(1,101,672)Reported ---------- Intercompany Receivables .................... (1,138,503) Uncollectible A/R ........................... 12,844 Security Deposit ............................ 23,987 ---------- (1,101,672)Detail ---------- 0 Difference ACCRUAL BASIS-3 8. OTHER (ATTACH LIST) ............................. 1,773 Reported ---------- Credit card charges ......................... 1,163 Shipping .................................... 7 Customer overpayment ........................ 603 ---------- 1,773 Detail ---------- - Difference 25. OTHER (ATTACH LIST) ............................. 20,829 Reported ---------- Bank Fees ................................... 896 Freight ..................................... 6,921 Building Maintenance ........................ 4,018 Subscriptions ............................... 1,589 Refunds ..................................... 2,198 Postage ..................................... 200 Outside Services ............................ 100 Phones ...................................... 401 Federal Express Reinstatement ............... 4,506 ---------- 20,829 Detail ---------- - Difference 68 EX-99.7 8 0008.txt EXHIBIT 99.7 MONTHLY OPERATING REPORT - ------------------------------------ CASE NAME: LONGHORN SOLUTIONS, INC. ACCRUAL BASIS - ------------------------------------ CASE NUMBER: 00-42147-BJH-11 02/13/95, RWD, 2/96 - ------------------------------------ JUDGE: BARBARA J. HOUSER - ------------------------------------ UNITED STATES BANKRUPTCY COURT NORTHERN DISTRICT OF TEXAS SIXTH DIVISION MONTHLY OPERATING REPORT MONTH ENDING: MAY 31, 2000 IN ACCORDANCE WITH TITLE 28, SECTION 1746, OF THE UNITED STATES CODE, I DECLARE UNDER PENALTY OF PERJURY THAT I HAVE EXAMINED THE FOLLOWING MONTHLY OPERATING REPORT (ACCRUAL BASIS-1 THROUGH ACCRUAL BASIS-7) AND THE ACCOMPANYING ATTACHMENTS AND, TO THE BEST OF MY KNOWLEDGE, THESE DOCUMENTS ARE TRUE, CORRECT AND COMPLETE. DECLARATION OF THE PREPARER (OTHER THAN RESPONSIBLE PARTY): IS BASED ON ALL INFORMATION OF WHICH PREPARER HAS ANY KNOWLEDGE. RESPONSIBLE PARTY: /s/ DREW KEITH CFO - --------------------------------------- --------------------------- ORIGINAL SIGNATURE OF RESPONSIBLE PARTY TITLE Drew Keith 7/3/00 - --------------------------------------- --------------------------- PRINTED NAME OF RESPONSIBLE PARTY DATE PREPARER: /s/ JESSICA L. WILSON Corporate Controller - --------------------------------------- --------------------------- ORIGINAL SIGNATURE OF PREPARER TITLE Jessica L. Wilson 7/3/00 - --------------------------------------- --------------------------- PRINTED NAME OF PREPARER DATE 69 MONTHLY OPERATING REPORT - ----------------------------------- CASE NAME: LONGHORN SOLUTIONS, INC. ACCRUAL BASIS-1 - ----------------------------------- CASE NUMBER: 00-42147-BJH-11 02/13/95, RWD, 2/96 - -----------------------------------
COMPARATIVE BALANCE SHEET - --------------------------------------------------------------------------------------------------------------- SCHEDULE MONTH MONTH MONTH ----------------------------------------------------- ASSETS AMOUNT MAY-00 - --------------------------------------------------------------------------------------------------------------- 1. UNRESTRICTED CASH $3,646 $14,530 - --------------------------------------------------------------------------------------------------------------- 2. RESTRICTED CASH - --------------------------------------------------------------------------------------------------------------- 3. TOTAL CASH $3,646 $14,530 $0 $0 - --------------------------------------------------------------------------------------------------------------- 4. ACCOUNTS RECEIVABLE (NET) $76,002 $31,097 - --------------------------------------------------------------------------------------------------------------- 5. INVENTORY $106 - --------------------------------------------------------------------------------------------------------------- 6. NOTES RECEIVABLE $0 - --------------------------------------------------------------------------------------------------------------- 7. PREPAID EXPENSES $0 - --------------------------------------------------------------------------------------------------------------- 8. OTHER (ATTACH LIST) $375,137 $448,851 - --------------------------------------------------------------------------------------------------------------- 9. TOTAL CURRENT ASSETS $454,785 $494,584 $0 $0 - --------------------------------------------------------------------------------------------------------------- 10. PROPERTY, PLANT & EQUIPMENT $120,412 $162,895 - --------------------------------------------------------------------------------------------------------------- 11. LESS: ACCUMULATED DEPRECIATION / DEPLETION $46,541 - --------------------------------------------------------------------------------------------------------------- 12. NET PROPERTY, PLANT & EQUIPMENT $120,412 $116,354 $0 $0 - --------------------------------------------------------------------------------------------------------------- 13. DUE FROM INSIDERS - --------------------------------------------------------------------------------------------------------------- 14. OTHER ASSETS - NET OF AMORTIZATION (ATTACH LIST) $2,892,844 $2,864,553 - --------------------------------------------------------------------------------------------------------------- 15. OTHER (ATTACH LIST) $0 - --------------------------------------------------------------------------------------------------------------- 16. TOTAL ASSETS $3,468,041 $3,475,491 $0 $0 - --------------------------------------------------------------------------------------------------------------- POSTPETITION LIABILITIES - ------------------------------------------------------------------------------------------------------------------ 17. ACCOUNTS PAYABLE $870 - --------------------------------------------------------------------------------------------------------------- 18. TAXES PAYABLE $4,770 - --------------------------------------------------------------------------------------------------------------- 19. NOTES PAYABLE $0 - --------------------------------------------------------------------------------------------------------------- 20. PROFESSIONAL FEES $0 - --------------------------------------------------------------------------------------------------------------- 21. SECURED DEBT $0 - --------------------------------------------------------------------------------------------------------------- 22. OTHER (ATTACH LIST) $0 - --------------------------------------------------------------------------------------------------------------- 23. TOTAL POSTPETITION LIABILITIES $5,640 $0 $0 - --------------------------------------------------------------------------------------------------------------- PREPETITION LIABILITIES - --------------------------------------------------------------------------------------------------------------- 24. SECURED DEBT $0 - --------------------------------------------------------------------------------------------------------------- 25. PRIORITY DEBT $73,455 $0 - --------------------------------------------------------------------------------------------------------------- 26. UNSECURED DEBT $68,502 $62,673 - --------------------------------------------------------------------------------------------------------------- 27. OTHER (ATTACH LIST) $1,243,717 - --------------------------------------------------------------------------------------------------------------- 28. TOTAL PREPETITION LIABILITIES $141,957 $1,306,390 $0 $0 - --------------------------------------------------------------------------------------------------------------- 29. TOTAL LIABILITIES $141,957 $1,312,030 $0 $0 - --------------------------------------------------------------------------------------------------------------- EQUITY - --------------------------------------------------------------------------------------------------------------- 30. PREPETITION OWNERS' EQUITY $2,194,261 - --------------------------------------------------------------------------------------------------------------- 31. POSTPETITION CUMULATIVE PROFIT OR (LOSS) ($30,800) - --------------------------------------------------------------------------------------------------------------- 32. DIRECT CHARGES TO EQUITY (ATTACH EXPLANATION) - --------------------------------------------------------------------------------------------------------------- 33. TOTAL EQUITY $0 $2,163,461 $0 $0 - --------------------------------------------------------------------------------------------------------------- 34. TOTAL LIABILITIES & OWNERS' EQUITY $141,957 $3,475,491 $0 $0 - ---------------------------------------------------------------------------------------------------------------
70 MONTHLY OPERATING REPORT - ------------------------------------ CASE NAME: LONGHORN SOLUTIONS, INC. ACCRUAL BASIS-2 - ------------------------------------ CASE NUMBER: 00-42147-BJH-11 02/13/95, RWD, 2/96 - ------------------------------------
INCOME STATEMENT - ------------------------------------------------------------------------------------------------------ MONTH MONTH MONTH QUARTER ---------------------------------------------- REVENUES MAY-00 TOTAL - ------------------------------------------------------------------------------------------------------ 1. GROSS REVENUES $5,174 $5,174 - ------------------------------------------------------------------------------------------------------ 2. LESS: RETURNS & DISCOUNTS $0 $0 - ------------------------------------------------------------------------------------------------------ 3. NET REVENUE $5,174 $0 $0 $5,174 - ------------------------------------------------------------------------------------------------------ COST OF GOODS SOLD - ------------------------------------------------------------------------------------------------------ 4. MATERIAL $0 $0 - ------------------------------------------------------------------------------------------------------ 5. DIRECT LABOR $0 $0 - ------------------------------------------------------------------------------------------------------ 6. DIRECT OVERHEAD $0 $0 - ------------------------------------------------------------------------------------------------------ 7. TOTAL COST OF GOODS SOLD $0 $0 $0 $0 - ------------------------------------------------------------------------------------------------------ 8. GROSS PROFIT $5,174 $0 $0 $5,174 - ------------------------------------------------------------------------------------------------------ OPERATING EXPENSES - ------------------------------------------------------------------------------------------------------ 9. OFFICER / INSIDER COMPENSATION $12,500 $12,500 - ------------------------------------------------------------------------------------------------------ 10. SELLING & MARKETING $0 $0 - ------------------------------------------------------------------------------------------------------ 11. GENERAL & ADMINISTRATIVE ($20,550) ($20,550) - ------------------------------------------------------------------------------------------------------ 12. RENT & LEASE $11,675 $11,675 - ------------------------------------------------------------------------------------------------------ 13. OTHER (ATTACH LIST) $0 $0 - ------------------------------------------------------------------------------------------------------ 14. TOTAL OPERATING EXPENSES $3,625 $0 $0 $3,625 - ------------------------------------------------------------------------------------------------------ 15. INCOME BEFORE NON-OPERATING INCOME & EXPENSE $1,549 $0 $0 $1,549 - ------------------------------------------------------------------------------------------------------ OTHER INCOME & EXPENSES - ------------------------------------------------------------------------------------------------------ 16. NON-OPERATING INCOME (ATT. LIST) $0 $0 - ------------------------------------------------------------------------------------------------------ 17. NON-OPERATING EXPENSE (ATT. LIST) $0 $0 - ------------------------------------------------------------------------------------------------------ 18. INTEREST EXPENSE $0 $0 - ------------------------------------------------------------------------------------------------------ 19. DEPRECIATION / DEPLETION $4,058 $4,058 - ------------------------------------------------------------------------------------------------------ 20. AMORTIZATION $28,291 $28,291 - ------------------------------------------------------------------------------------------------------ 21. OTHER (ATTACH LIST) $0 $0 - ------------------------------------------------------------------------------------------------------ 22. NET OTHER INCOME & EXPENSES $32,349 $0 $0 $32,349 - ------------------------------------------------------------------------------------------------------ REORGANIZATION EXPENSES - ------------------------------------------------------------------------------------------------------ 23. PROFESSIONAL FEES $0 $0 - ------------------------------------------------------------------------------------------------------ 24. U.S. TRUSTEE FEES $0 $0 - ------------------------------------------------------------------------------------------------------ 25. OTHER (ATTACH LIST) $0 $0 - ------------------------------------------------------------------------------------------------------ 26. TOTAL REORGANIZATION EXPENSES $0 $0 $0 $0 - ------------------------------------------------------------------------------------------------------ 27. INCOME TAX $0 $0 - ------------------------------------------------------------------------------------------------------ 28. NET PROFIT (LOSS) ($30,800) $0 $0 ($30,800) - ------------------------------------------------------------------------------------------------------
71 MONTHLY OPERATING REPORT - ------------------------------------ CASE NAME: LONGHORN SOLUTIONS, INC. ACCRUAL BASIS-3 - ------------------------------------ CASE NUMBER: 00-42147-BJH-11 02/13/95, RWD, 2/96 - ------------------------------------
- ---------------------------------------------------------------------------------------------------------- CASH RECEIPTS AND MONTH MONTH MONTH QUARTER -------------------------------------------------- DISBURSEMENTS MAY-00 TOTAL - ---------------------------------------------------------------------------------------------------------- 1. CASH - BEGINNING OF MONTH $812 $812 - ---------------------------------------------------------------------------------------------------------- RECEIPTS FROM OPERATIONS - ---------------------------------------------------------------------------------------------------------- 2. CASH SALES $0 $0 - ---------------------------------------------------------------------------------------------------------- COLLECTION OF ACCOUNTS RECEIVABLE - ---------------------------------------------------------------------------------------------------------- 3. PREPETITION $34,708 $34,708 - ---------------------------------------------------------------------------------------------------------- 4. POSTPETITION $0 $0 - ---------------------------------------------------------------------------------------------------------- 5. TOTAL OPERATING RECEIPTS $34,708 $0 $0 $34,708 - ---------------------------------------------------------------------------------------------------------- NON - OPERATING RECEIPTS - ---------------------------------------------------------------------------------------------------------- 6. LOANS & ADVANCES (ATTACH LIST) $0 $0 - ---------------------------------------------------------------------------------------------------------- 7. SALE OF ASSETS $0 $0 - ---------------------------------------------------------------------------------------------------------- 8. OTHER (ATTACH LIST) $6,637 $6,637 - ---------------------------------------------------------------------------------------------------------- 9. TOTAL NON-OPERATING RECEIPTS $6,637 $0 $0 $6,637 - ---------------------------------------------------------------------------------------------------------- 10. TOTAL RECEIPTS $41,345 $0 $0 $41,345 - ---------------------------------------------------------------------------------------------------------- 11. TOTAL CASH AVAILABLE $42,157 $0 $0 $42,157 - ---------------------------------------------------------------------------------------------------------- OPERATING DISBURSEMENTS - ---------------------------------------------------------------------------------------------------------- 12. NET PAYROLL $0 $0 - ---------------------------------------------------------------------------------------------------------- 13. PAYROLL TAXES PAID $0 $0 - ---------------------------------------------------------------------------------------------------------- 14. SALES, USE & OTHER TAXES PAID $0 $0 - ---------------------------------------------------------------------------------------------------------- 15. SECURED / RENTAL / LEASES $11,709 $11,709 - ---------------------------------------------------------------------------------------------------------- 16. UTILITIES $2,475 $2,475 - ---------------------------------------------------------------------------------------------------------- 17. INSURANCE $0 $0 - ---------------------------------------------------------------------------------------------------------- 18. INVENTORY PURCHASES $0 $0 - ---------------------------------------------------------------------------------------------------------- 19. VEHICLE EXPENSES $0 $0 - ---------------------------------------------------------------------------------------------------------- 20. TRAVEL $2,913 $2,913 - ---------------------------------------------------------------------------------------------------------- 21. ENTERTAINMENT $0 $0 - ---------------------------------------------------------------------------------------------------------- 22. REPAIRS & MAINTENANCE $0 $0 - ---------------------------------------------------------------------------------------------------------- 23. SUPPLIES $405 $405 - ---------------------------------------------------------------------------------------------------------- 24. ADVERTISING $0 $0 - ---------------------------------------------------------------------------------------------------------- 25. OTHER (ATTACH LIST) $10,126 $10,126 - ---------------------------------------------------------------------------------------------------------- 26. TOTAL OPERATING DISBURSEMENTS $27,628 $0 $0 $27,628 - ---------------------------------------------------------------------------------------------------------- REORGANIZATION EXPENSES - ---------------------------------------------------------------------------------------------------------- 27. PROFESSIONAL FEES $0 $0 - ---------------------------------------------------------------------------------------------------------- 28. U.S. TRUSTEE FEES $0 $0 - ---------------------------------------------------------------------------------------------------------- 29. OTHER (ATTACH LIST) $0 $0 - ---------------------------------------------------------------------------------------------------------- 30. TOTAL REORGANIZATION EXPENSES $0 $0 $0 $0 - ---------------------------------------------------------------------------------------------------------- 31. TOTAL DISBURSEMENTS $27,628 $0 $0 $27,628 - ---------------------------------------------------------------------------------------------------------- 32. NET CASH FLOW $13,717 $0 $0 $13,717 - ---------------------------------------------------------------------------------------------------------- 33. CASH - END OF MONTH $14,529 $0 $0 $14,529 - ----------------------------------------------------------------------------------------------------------
72 MONTHLY OPERATING REPORT - ------------------------------------ CASE NAME: LONGHORN SOLUTIONS, INC. ACCRUAL BASIS-4 - ------------------------------------ CASE NUMBER: 00-42147-BJH-11 02/13/95, RWD, 2/96 - ------------------------------------
- ------------------------------------------------------------------------------------------------------------------ SCHEDULE MONTH MONTH MONTH ------------------------------------------------- ACCOUNTS RECEIVABLE AGING AMOUNT MAY-00 - ------------------------------------------------------------------------------------------------------------------ 1. 0-30 $6,382 - ------------------------------------------------------------------------------------------------------------------ 2. 31-60 $12,715 - ------------------------------------------------------------------------------------------------------------------ 3. 61-90 $9,698 - ------------------------------------------------------------------------------------------------------------------ 4. 91+ $3,880 - ------------------------------------------------------------------------------------------------------------------ 5. TOTAL ACCOUNTS RECEIVABLE $0 $32,675 $0 $0 - ------------------------------------------------------------------------------------------------------------------ 6. AMOUNT CONSIDERED UNCOLLECTIBLE $1,581 - ------------------------------------------------------------------------------------------------------------------ 7. ACCOUNTS RECEIVABLE (NET) $0 $31,094 $0 $0 - ------------------------------------------------------------------------------------------------------------------ AGING OF POSTPETITION TAXES AND PAYABLES MONTH: May-00 - ------------------------------------------------------------------------------------------------------------------ 0-30 31-60 61-90 91+ TAXES PAYABLE DAYS DAYS DAYS DAYS TOTAL - ------------------------------------------------------------------------------------------------------------------ 1. FEDERAL $0 $0 $0 $0 $0 - ------------------------------------------------------------------------------------------------------------------ 2. STATE $4,770 $0 $0 $0 $4,770 - ------------------------------------------------------------------------------------------------------------------ 3. LOCAL $0 $0 $0 $0 $0 - ------------------------------------------------------------------------------------------------------------------ 4. OTHER (ATTACH LIST) $0 $0 $0 $0 $0 - ------------------------------------------------------------------------------------------------------------------ 5. TOTAL TAXES PAYABLE $4,770 $0 $0 $0 $4,770 - ------------------------------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------------------------------ 6. ACCOUNTS PAYABLE $824 $46 $0 $0 $870 - ------------------------------------------------------------------------------------------------------------------ STATUS OF POSTPETITION TAXES MONTH: May-00 - ------------------------------------------------------------------------------------------------------------------ BEGINNING AMOUNT ENDING TAX WITHHELD AND/ AMOUNT TAX FEDERAL LIABILITY* OR ACCRUED PAID LIABILITY - ------------------------------------------------------------------------------------------------------------------ 1. WITHHOLDING** $0 $0 $0 $0 - ------------------------------------------------------------------------------------------------------------------ 2. FICA-EMPLOYEE** $0 $0 $0 $0 - ------------------------------------------------------------------------------------------------------------------ 3. FICA-EMPLOYER** $0 $0 $0 $0 - ------------------------------------------------------------------------------------------------------------------ 4. UNEMPLOYMENT $0 $0 $0 $0 - ------------------------------------------------------------------------------------------------------------------ 5. INCOME $0 $0 $0 $0 - ------------------------------------------------------------------------------------------------------------------ 6. OTHER (ATTACH LIST) $0 $0 $0 $0 - ------------------------------------------------------------------------------------------------------------------ 7. TOTAL FEDERAL TAXES $0 $0 $0 $0 - ------------------------------------------------------------------------------------------------------------------ STATE AND LOCAL - ------------------------------------------------------------------------------------------------------------------ 8. WITHHOLDING $0 $0 $0 $0 - ------------------------------------------------------------------------------------------------------------------ 9. SALES ($512) $5,282 $0 $4,770 - ------------------------------------------------------------------------------------------------------------------ 10. EXCISE $0 $0 $0 $0 - ------------------------------------------------------------------------------------------------------------------ 11. UNEMPLOYMENT $0 $0 $0 $0 - ------------------------------------------------------------------------------------------------------------------ 12. REAL PROPERTY $0 $0 $0 $0 - ------------------------------------------------------------------------------------------------------------------ 13. PERSONAL PROPERTY $0 $0 $0 $0 - ------------------------------------------------------------------------------------------------------------------ 14. OTHER (ATTACH LIST) $0 $0 $0 $0 - ------------------------------------------------------------------------------------------------------------------ 15. TOTAL STATE & LOCAL ($512) $5,282 $0 $4,770 - ------------------------------------------------------------------------------------------------------------------ 16. TOTAL TAXES ($512) $5,282 $0 $4,770 - ------------------------------------------------------------------------------------------------------------------
* The beginning tax liability should represent the liability from the prior month or, if this is the first operating report, the amount should be zero. ** Attach photocopies of IRS Form 6123 or your FTD coupon and payment receipt to verify payment or deposit. 73 MONTHLY OPERATING REPORT - ------------------------------------ CASE NAME: LONGHORN SOLUTIONS, INC. ACCRUAL BASIS-5 - ------------------------------------ CASE NUMBER: 00-42147-BJH-11 02/13/95, RWD, 2/96 - ------------------------------------ The debtor in possession must complete the reconciliation below for each bank account, including all general, payroll and tax accounts, as well as all savings and investment accounts, money market accounts, certificates of deposit, government obligations, etc. Accounts with restricted funds should be identified by placing an asterisk next to the account number. Attach additional sheets if necessary.
MONTH: May-00 BANK RECONCILIATIONS ACCOUNT #1 ACCOUNT #2 ACCOUNT #3 - --------------------------------------------------------------------------------------------------------------- A. BANK: Bank One Mid-Cities - ------------------------------------------------------------------------------------------------- B. ACCOUNT NUMBER: 1586267807 4235800 TOTAL - --------------------------------------------------------------------------------------------------------------- C. PURPOSE (TYPE): Operating Operating - Closed 5/00 - --------------------------------------------------------------------------------------------------------------- 1. BALANCE PER BANK STATEMENT $20,198 $0 $20,198 - --------------------------------------------------------------------------------------------------------------- 2. ADD: TOTAL DEPOSITS NOT CREDITED $0 $0 $0 - --------------------------------------------------------------------------------------------------------------- 3. SUBTRACT: OUTSTANDING CHECKS $6,481 $0 $6,481 - --------------------------------------------------------------------------------------------------------------- 4. OTHER RECONCILING ITEMS $0 $0 $0 - --------------------------------------------------------------------------------------------------------------- 5. MONTH END BALANCE PER BOOKS $13,718 $0 $0 $13,718 - --------------------------------------------------------------------------------------------------------------- 6. NUMBER OF LAST CHECK WRITTEN 5925 account closed - --------------------------------------------------------------------------------------------------------------- INVESTMENT ACCOUNTS - --------------------------------------------------------------------------------------------------------------- DATE OF TYPE OF PURCHASE CURRENT BANK, ACCOUNT NAME & NUMBER PURCHASE INSTRUMENT PRICE VALUE - --------------------------------------------------------------------------------------------------------------- 7. N/A - --------------------------------------------------------------------------------------------------------------- 8. N/A - --------------------------------------------------------------------------------------------------------------- 9. N/A - --------------------------------------------------------------------------------------------------------------- 10. N/A - --------------------------------------------------------------------------------------------------------------- 11. TOTAL INVESTMENTS $0 $0 - --------------------------------------------------------------------------------------------------------------- CASH - --------------------------------------------------------------------------------------------------------------- 12. CURRENCY ON HAND $812 - --------------------------------------------------------------------------------------------------------------- - --------------------------------------------------------------------------------------------------------------- 13. TOTAL CASH - END OF MONTH $14,530 - ---------------------------------------------------------------------------------------------------------------
74 MONTHLY OPERATING REPORT - ------------------------------------ CASE NAME: LONGHORN SOLUTIONS, INC. ACCRUAL BASIS-6 - ------------------------------------ CASE NUMBER: 00-42147-BJH-11 02/13/95, RWD, 2/96 - ------------------------------------ MONTH: MAY-00 - -------------------------------------- PAYMENTS TO INSIDERS AND PROFESSIONALS - -------------------------------------- OF THE TOTAL DISBURSEMENTS SHOWN FOR THE MONTH, LIST THE AMOUNT PAID TO INSIDERS (AS DEFINED IN SECTION 101 (31) (A)-(F) OF THE U.S. BANKRUPTCY CODE) AND TO PROFESSIONALS. ALSO, FOR PAYMENTS TO INSIDERS, IDENTIFY THE TYPE OF COMPENSATION PAID (e.g. SALARY, BONUS, COMMISSIONS, INSURANCE, HOUSING ALLOWANCE, TRAVEL, CAR ALLOWANCE, ETC.). ATTACH ADDITIONAL SHEETS IF NECESSARY. - -------------------------------------------------------------------- INSIDERS - -------------------------------------------------------------------- TYPE OF AMOUNT TOTAL PAID NAME PAYMENT PAID TO DATE - -------------------------------------------------------------------- 1. Mary Phillips Salary $12,500 $12,500 - -------------------------------------------------------------------- 2. - -------------------------------------------------------------------- 3. - -------------------------------------------------------------------- 4. - -------------------------------------------------------------------- 5. - -------------------------------------------------------------------- 6. TOTAL PAYMENTS TO INSIDERS $12,500 $12,500 - --------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------ PROFESSIONALS - ------------------------------------------------------------------------------------------------ DATE OF COURT TOTAL ORDER AUTHORIZING AMOUNT AMOUNT TOTAL PAID INCURRED NAME PAYMENT APPROVED PAID TO DATE & UNPAID* - ------------------------------------------------------------------------------------------------ 1. N/A - ------------------------------------------------------------------------------------------------ 2. N/A - ------------------------------------------------------------------------------------------------ 3. N/A - ------------------------------------------------------------------------------------------------ 4. N/A - ------------------------------------------------------------------------------------------------ 5. N/A - ------------------------------------------------------------------------------------------------ 6. TOTAL PAYMENTS TO PROFESSIONALS $0 $0 $0 $0 - ------------------------------------------------------------------------------------------------
* INCLUDE ALL FEES INCURRED, BOTH APPROVED AND UNAPPROVED - -------------------------------------------------------------------------------- POSTPETITION STATUS OF SECURED NOTES, LEASES PAYABLE AND ADEQUATE PROTECTION PAYMENTS - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- SCHEDULED AMOUNTS MONTHLY PAID TOTAL PAYMENTS DURING UNPAID NAME OF CREDITOR DUE MONTH POSTPETITION - -------------------------------------------------------------------------------- 1. N/A - -------------------------------------------------------------------------------- 2. N/A - -------------------------------------------------------------------------------- 3. N/A - -------------------------------------------------------------------------------- 4. N/A - -------------------------------------------------------------------------------- 5. N/A - -------------------------------------------------------------------------------- 6. TOTAL $0 $0 $0 - -------------------------------------------------------------------------------- 75 MONTHLY OPERATING REPORT - ------------------------------------ CASE NAME: LONGHORN SOLUTIONS, INC. ACCRUAL BASIS-7 - ------------------------------------ CASE NUMBER: 00-42147-BJH-11 02/13/95, RWD, 2/96 - ------------------------------------ MONTH: May-00
QUESTIONNAIRE - ------------------------------------------------------------------------------------------------------- YES NO - ------------------------------------------------------------------------------------------------------- 1. HAVE ANY ASSETS BEEN SOLD OR TRANSFERRED OUTSIDE THE NORMAL COURSE OF BUSINESS THIS REPORTING PERIOD? X - ------------------------------------------------------------------------------------------------------- 2. HAVE ANY FUNDS BEEN DISBURSED FROM ANY ACCOUNT OTHER THAN A DEBTOR IN POSSESSION ACCOUNT? X - ------------------------------------------------------------------------------------------------------- 3. ARE ANY POSTPETITION RECEIVABLES (ACCOUNTS, NOTES, OR LOANS) DUE FROM RELATED PARTIES? X - ------------------------------------------------------------------------------------------------------- 4. HAVE ANY PAYMENTS BEEN MADE ON PREPETITION LIABILITIES THIS REPORTING PERIOD? X - ------------------------------------------------------------------------------------------------------- 5. HAVE ANY POSTPETITION LOANS BEEN RECEIVED BY THE DEBTOR FROM ANY PARTY? X - ------------------------------------------------------------------------------------------------------- 6. ARE ANY POSTPETITION PAYROLL TAXES PAST DUE? X - ------------------------------------------------------------------------------------------------------- 7. ARE ANY POSTPETITION STATE OR FEDERAL INCOME TAXES PAST DUE? X - ------------------------------------------------------------------------------------------------------- 8. ARE ANY POSTPETITION REAL ESTATE TAXES PAST DUE? X - ------------------------------------------------------------------------------------------------------- 9. ARE ANY OTHER POSTPETITION TAXES PAST DUE? X - ------------------------------------------------------------------------------------------------------- 10. ARE ANY AMOUNTS OWED TO POSTPETITION CREDITORS DELINQUENT? X - ------------------------------------------------------------------------------------------------------- 11. HAVE ANY PREPETITION TAXES BEEN PAID DURING THE REPORTING PERIOD? X - ------------------------------------------------------------------------------------------------------- 12. ARE ANY WAGE PAYMENTS PAST DUE? X - -------------------------------------------------------------------------------------------------------
IF THE ANSWER TO ANY OF THE ABOVE QUESTIONS IS "YES," PROVIDE A DETAILED EXPLANATION OF EACH ITEM. ATTACH ADDITIONAL SHEETS IF NECESSARY. - -------------------------------------------------------------------------------- - --------------------------------------------------------------------------------
INSURANCE - ------------------------------------------------------------------------------------------------------- YES NO - ------------------------------------------------------------------------------------------------------- 1. ARE WORKER'S COMPENSATION, GENERAL LIABILITY AND OTHER NECESSARY INSURANCE COVERAGES IN EFFECT? X - ------------------------------------------------------------------------------------------------------- 2. ARE ALL PREMIUM PAYMENTS PAID CURRENT? X - ------------------------------------------------------------------------------------------------------- 3. PLEASE ITEMIZE POLICIES BELOW. - -------------------------------------------------------------------------------------------------------
IF THE ANSWER TO ANY OF THE ABOVE QUESTIONS IS "NO," OR IF ANY POLICIES HAVE BEEN CANCELLED OR NOT RENEWED DURING THIS REPORTING PERIOD, PROVIDE AN EXPLANATION BELOW. ATTACH ADDITIONAL SHEETS IF NECESSARY. - -------------------------------------------------------------------------------- - --------------------------------------------------------------------------------
- ---------------------------------------------------------------------------------------- INSTALLMENT PAYMENTS - ---------------------------------------------------------------------------------------- TYPE OF PAYMENT AMOUNT POLICY CARRIER PERIOD COVERED & FREQUENCY - ---------------------------------------------------------------------------------------- Property Insurance CAN Transcontinental Ins. Co. 9/11/99 - 9/11/00 $1,603.00 Annual - ---------------------------------------------------------------------------------------- - ---------------------------------------------------------------------------------------- See Kitty Hawk, Inc. Case #400-42141 - ---------------------------------------------------------------------------------------- - ---------------------------------------------------------------------------------------- - ----------------------------------------------------------------------------------------
76 FOOTNOTES SUPPLEMENT - ------------------------------------ CASE NAME: LONGHORN SOLUTIONS, INC. - ------------------------------------ CASE NUMBER: 00-42147-BJH-11 ACCRUAL BASIS - ------------------------------------ MONTH: May-00 - -------------------------------------------------------------------------------- ACCRUAL BASIS LINE FORM NUMBER NUMBER FOOTNOTE/EXPLANATION - -------------------------------------------------------------------------------- 3 12 All payroll is paid out of Kitty Hawk Aircargo, - -------------------------------------------------------------------------------- 13 Inc. (Case #400-42142) and allocated to the - -------------------------------------------------------------------------------- Company. Related payroll taxes are disbursed out - -------------------------------------------------------------------------------- of and reported at KH Aircargo. - -------------------------------------------------------------------------------- 6 All Professional fees related to the - -------------------------------------------------------------------------------- Reorganization of the Company are disbursed out - -------------------------------------------------------------------------------- of Kitty Hawk, Inc. (Parent Company). Refer to - -------------------------------------------------------------------------------- Case # 400-42141 - -------------------------------------------------------------------------------- 7 All other insurance plans related to the Company - -------------------------------------------------------------------------------- are carried at Kitty Hawk, Inc. (Parent Company). - -------------------------------------------------------------------------------- Refer to Case # 400-42141. - -------------------------------------------------------------------------------- 77 CASE NAME: LONGHORN SOLUTIONS, INC. CASE NUMBER: 00-42147-BJH-11 DETAILS OF OTHER ITEMS ACCRUAL BASIS-1 8. OTHER (ATTACH LIST) ............................ $ 448,851 Reported ---------- Intercompany Receivables ................... 409,293 Deferred Taxes ............................. 36,717 Security Deposit ........................... 2,841 ---------- 448,851 Detail ---------- - Difference 14. OTHER ASSETS - NET OF AMORTIZATION (ATTACH LIST) .................... $2,864,553 Reported ---------- Software knowledge ......................... 3,397,989 Accum Amortization ......................... (533,436) ---------- 2,864,553 Detail ---------- - Difference 27. OTHER (ATTACH LIST) ............................ $1,243,717 Reported ---------- Accrued income taxes ....................... (71,204) Deffered Revenue ........................... 18,000 Deferred income tax expense ................ 1,296,921 ---------- 1,243,717 Detail ---------- - Difference ACCRUAL BASIS-3 8. OTHER (ATTACH LIST) ............................ 6,637 Reported Transfer from Inc .......................... 3,774 Transfer from Mid Cities ................... 2,863 ---------- 6,637 Detail ---------- - Difference 25. OTHER (ATTACH LIST) ............................ 10,126 Reported ---------- Dues and Subscriptions ..................... 705 Fees ....................................... 99 Finance Charge ............................. 19 Hardware ................................... 7,951 Internet ................................... 468 Misc ....................................... 365 Outside service ............................ 277 PC Mileage ................................. 164 Postage & Delivery ......................... 78 ---------- 10,126 Detail ---------- 0 Difference 78 EX-99.8 9 0009.txt EXHIBIT 99.8 MONTHLY OPERATING REPORT CASE NAME: AIRCRAFT LEASING, INC. ACCRUAL BASIS CASE NUMBER: 00-42148-BJH-11 02/13/95, RWD, 2/96 JUDGE: BARBARA J. HOUSER UNITED STATES BANKRUPTCY COURT NORTHERN DISTRICT OF TEXAS SIXTH DIVISION MONTHLY OPERATING REPORT MONTH ENDING: MAY 31, 2000 IN ACCORDANCE WITH TITLE 28, SECTION 1746, OF THE UNITED STATES CODE, I DECLARE UNDER PENALTY OF PERJURY THAT I HAVE EXAMINED THE FOLLOWING MONTHLY OPERATING REPORT (ACCRUAL BASIS-1 THROUGH ACCRUAL BASIS-7) AND THE ACCOMPANYING ATTACHMENTS AND, TO THE BEST OF MY KNOWLEDGE, THESE DOCUMENTS ARE TRUE, CORRECT AND COMPLETE. DECLARATION OF THE PREPARER (OTHER THAN RESPONSIBLE PARTY): IS BASED ON ALL INFORMATION OF WHICH PREPARER HAS ANY KNOWLEDGE. RESPONSIBLE PARTY: /s/ DREW KEITH CHIEF FINANCIAL OFFICER --------------------------------------- --------------------------- ORIGINAL SIGNATURE OF RESPONSIBLE PARTY TITLE DREW KEITH 06/30/00 --------------------------------------- --------------------------- PRINTED NAME OF RESPONSIBLE PARTY DATE PREPARER: /s/ KEVIN K. CRAIG CONTROLLER, KITTY HAWK INC. --------------------------------------- --------------------------- ORIGINAL SIGNATURE OF PREPARER TITLE KEVIN K. CRAIG 06/30/00 --------------------------------------- --------------------------- PRINTED NAME OF PREPARER DATE 79 MONTHLY OPERATING REPORT CASE NAME: AIRCRAFT LEASING, INC. ACCRUAL BASIS-1 CASE NUMBER: 00-42148-BJH-11 02/13/95, RWD, 2/96 COMPARATIVE BALANCE SHEET
--------------------------------------------------------------------------------------------------------------------------- MONTH MONTH MONTH SCHEDULE --------------------------------------------------- ASSETS AMOUNT MAY, 2000 --------------------------------------------------------------------------------------------------------------------------- 1. UNRESTRICTED CASH $0 $0 --------------------------------------------------------------------------------------------------------------------------- 2. RESTRICTED CASH $0 $3,594,508 --------------------------------------------------------------------------------------------------------------------------- 3. TOTAL CASH $0 $3,594,508 $0 $0 --------------------------------------------------------------------------------------------------------------------------- 4. ACCOUNTS RECEIVABLE (NET) $0 $0 --------------------------------------------------------------------------------------------------------------------------- 5. INVENTORY $0 $0 --------------------------------------------------------------------------------------------------------------------------- 6. NOTES RECEIVABLE $0 $0 --------------------------------------------------------------------------------------------------------------------------- 7. PREPAID EXPENSES $0 $0 --------------------------------------------------------------------------------------------------------------------------- 8. OTHER (ATTACH LIST) ($33,904,344) ($32,608,844) --------------------------------------------------------------------------------------------------------------------------- 9. TOTAL CURRENT ASSETS ($33,904,344) ($29,014,336) $0 $0 --------------------------------------------------------------------------------------------------------------------------- 10. PROPERTY, PLANT & EQUIPMENT $81,907,719 $81,907,718 --------------------------------------------------------------------------------------------------------------------------- 11. LESS: ACCUMULATED DEPRECIATION / DEPLETION $33,669,772 $34,242,146 --------------------------------------------------------------------------------------------------------------------------- 12. NET PROPERTY, PLANT & EQUIPMENT $48,237,946 $47,665,572 $0 $0 --------------------------------------------------------------------------------------------------------------------------- 13. DUE FROM INSIDERS $0 $0 --------------------------------------------------------------------------------------------------------------------------- 14. OTHER ASSETS - NET OF AMORTIZATION (ATTACH LIST) $0 $0 --------------------------------------------------------------------------------------------------------------------------- 15. OTHER (ATTACH LIST) $0 $0 --------------------------------------------------------------------------------------------------------------------------- 16. TOTAL ASSETS $14,333,602 $18,651,236 $0 $0 --------------------------------------------------------------------------------------------------------------------------- POSTPETITION LIABILITIES --------------------------------------------------------------------------------------------------------------------------- 17. ACCOUNTS PAYABLE $0 --------------------------------------------------------------------------------------------------------------------------- 18. TAXES PAYABLE $246,755 --------------------------------------------------------------------------------------------------------------------------- 19. NOTES PAYABLE $0 --------------------------------------------------------------------------------------------------------------------------- 20. PROFESSIONAL FEES $0 --------------------------------------------------------------------------------------------------------------------------- 21. SECURED DEBT $0 --------------------------------------------------------------------------------------------------------------------------- 22. OTHER (ATTACH LIST) $21,437 --------------------------------------------------------------------------------------------------------------------------- 23. TOTAL POSTPETITION LIABILITIES $268,192 $0 $0 --------------------------------------------------------------------------------------------------------------------------- PREPETITION LIABILITIES --------------------------------------------------------------------------------------------------------------------------- 24. SECURED DEBT $2,811,382 $2,811,382 --------------------------------------------------------------------------------------------------------------------------- 25. PRIORITY DEBT $0 $0 --------------------------------------------------------------------------------------------------------------------------- 26. UNSECURED DEBT $0 $0 --------------------------------------------------------------------------------------------------------------------------- 27. OTHER (ATTACH LIST) $1,300,001 $2,412,345 --------------------------------------------------------------------------------------------------------------------------- 28. TOTAL PREPETITION LIABILITIES $4,111,383 $5,223,727 $0 $0 --------------------------------------------------------------------------------------------------------------------------- 29. TOTAL LIABILITIES $4,111,383 $5,491,919 $0 $0 --------------------------------------------------------------------------------------------------------------------------- EQUITY --------------------------------------------------------------------------------------------------------------------------- 30. PREPETITION OWNERS' EQUITY $0 $12,789,185 --------------------------------------------------------------------------------------------------------------------------- 31. POSTPETITION CUMULATIVE PROFIT OR (LOSS) $370,133 --------------------------------------------------------------------------------------------------------------------------- 32. DIRECT CHARGES TO EQUITY (ATTACH EXPLANATION) $0 --------------------------------------------------------------------------------------------------------------------------- 33. TOTAL EQUITY $0 $13,159,317 $0 $0 --------------------------------------------------------------------------------------------------------------------------- 34. TOTAL LIABILITIES & OWNERS' EQUITY $4,111,383 $18,651,236 $0 $0 ---------------------------------------------------------------------------------------------------------------------------
80 MONTHLY OPERATING REPORT CASE NAME: AIRCRAFT LEASING, INC. ACCRUAL BASIS-2 CASE NUMBER: 00-42148-BJH-11 02/13/95, RWD, 2/96
INCOME STATEMENT ---------------------------------------------------------------------------------------------------- MONTH MONTH MONTH --------------------------------------------- QUARTER REVENUES MAY, 2000 TOTAL ---------------------------------------------------------------------------------------------------- 1. GROSS REVENUES $1,195,500 $1,195,500 ---------------------------------------------------------------------------------------------------- 2. LESS: RETURNS & DISCOUNTS $0 $0 ---------------------------------------------------------------------------------------------------- 3. NET REVENUE $1,195,500 $0 $0 $1,195,500 ---------------------------------------------------------------------------------------------------- COST OF GOODS SOLD ---------------------------------------------------------------------------------------------------- 4. MATERIAL $0 $0 ---------------------------------------------------------------------------------------------------- 5. DIRECT LABOR $0 $0 ---------------------------------------------------------------------------------------------------- 6. DIRECT OVERHEAD $0 $0 ---------------------------------------------------------------------------------------------------- 7. TOTAL COST OF GOODS SOLD $0 $0 $0 $0 ---------------------------------------------------------------------------------------------------- 8. GROSS PROFIT $1,195,500 $0 $0 $1,195,500 ---------------------------------------------------------------------------------------------------- OPERATING EXPENSES ---------------------------------------------------------------------------------------------------- 9. OFFICER / INSIDER COMPENSATION $0 $0 ---------------------------------------------------------------------------------------------------- 10. SELLING & MARKETING $0 $0 ---------------------------------------------------------------------------------------------------- 11. GENERAL & ADMINISTRATIVE $1,453 $1,453 ---------------------------------------------------------------------------------------------------- 12. RENT & LEASE $0 $0 ---------------------------------------------------------------------------------------------------- 13. OTHER (ATTACH LIST) $0 $0 ---------------------------------------------------------------------------------------------------- 14. TOTAL OPERATING EXPENSES $1,453 $0 $0 $1,453 ---------------------------------------------------------------------------------------------------- 15. INCOME BEFORE NON-OPERATING INCOME & EXPENSE $1,194,047 $0 $0 $1,194,047 ---------------------------------------------------------------------------------------------------- OTHER INCOME & EXPENSES ---------------------------------------------------------------------------------------------------- 16. NON-OPERATING INCOME (ATT. LIST) ($16,652) ($16,652) ---------------------------------------------------------------------------------------------------- 17. NON-OPERATING EXPENSE (ATT. LIST) $0 $0 ---------------------------------------------------------------------------------------------------- 18. INTEREST EXPENSE $21,437 $21,437 ---------------------------------------------------------------------------------------------------- 19. DEPRECIATION / DEPLETION $572,374 $572,374 ---------------------------------------------------------------------------------------------------- 20. AMORTIZATION $0 $0 ---------------------------------------------------------------------------------------------------- 21. OTHER (ATTACH LIST) $0 $0 ---------------------------------------------------------------------------------------------------- 22. NET OTHER INCOME & EXPENSES $577,160 $0 $0 $577,160 ---------------------------------------------------------------------------------------------------- REORGANIZATION EXPENSES ---------------------------------------------------------------------------------------------------- 23. PROFESSIONAL FEES $0 $0 ---------------------------------------------------------------------------------------------------- 24. U.S. TRUSTEE FEES $0 $0 ---------------------------------------------------------------------------------------------------- 25. OTHER (ATTACH LIST) $0 $0 ---------------------------------------------------------------------------------------------------- 26. TOTAL REORGANIZATION EXPENSES $0 $0 $0 $0 ---------------------------------------------------------------------------------------------------- 27. INCOME TAX $246,755 $246,755 ---------------------------------------------------------------------------------------------------- 28. NET PROFIT (LOSS) $370,133 $0 $0 $370,133 ----------------------------------------------------------------------------------------------------
81 MONTHLY OPERATING REPORT CASE NAME: AIRCRAFT LEASING, INC. ACCRUAL BASIS-3 CASE NUMBER: 00-42148-BJH-11 02/13/95, RWD, 2/96
--------------------------------------------------------------------------------------------------------------- MONTH MONTH MONTH CASH RECEIPTS AND -------------------------------------------------- QUARTER DISBURSEMENTS MAY, 2000 TOTAL --------------------------------------------------------------------------------------------------------------- 1. CASH - BEGINNING OF MONTH $3,679,309 $3,594,508 $3,594,508 $3,679,309 --------------------------------------------------------------------------------------------------------------- RECEIPTS FROM OPERATIONS --------------------------------------------------------------------------------------------------------------- 2. CASH SALES $0 $0 --------------------------------------------------------------------------------------------------------------- COLLECTION OF ACCOUNTS RECEIVABLE --------------------------------------------------------------------------------------------------------------- 3. PREPETITION $0 $0 --------------------------------------------------------------------------------------------------------------- 4. POSTPETITION $0 $0 --------------------------------------------------------------------------------------------------------------- 5. TOTAL OPERATING RECEIPTS $0 $0 $0 $0 --------------------------------------------------------------------------------------------------------------- NON - OPERATING RECEIPTS --------------------------------------------------------------------------------------------------------------- 6. LOANS & ADVANCES (ATTACH LIST) $0 $0 --------------------------------------------------------------------------------------------------------------- 7. SALE OF ASSETS $0 $0 --------------------------------------------------------------------------------------------------------------- 8. OTHER (ATTACH LIST) $16,652 $16,652 --------------------------------------------------------------------------------------------------------------- 9. TOTAL NON-OPERATING RECEIPTS $16,652 $0 $0 $16,652 --------------------------------------------------------------------------------------------------------------- 10. TOTAL RECEIPTS $16,652 $0 $0 $16,652 --------------------------------------------------------------------------------------------------------------- 11. TOTAL CASH AVAILABLE $3,695,961 $3,594,508 $3,594,508 $3,695,961 --------------------------------------------------------------------------------------------------------------- OPERATING DISBURSEMENTS --------------------------------------------------------------------------------------------------------------- 12. NET PAYROLL $0 $0 --------------------------------------------------------------------------------------------------------------- 13. PAYROLL TAXES PAID $0 $0 --------------------------------------------------------------------------------------------------------------- 14. SALES, USE & OTHER TAXES PAID $0 $0 --------------------------------------------------------------------------------------------------------------- 15. SECURED / RENTAL / LEASES $0 $0 --------------------------------------------------------------------------------------------------------------- 16. UTILITIES $0 $0 --------------------------------------------------------------------------------------------------------------- 17. INSURANCE $0 $0 --------------------------------------------------------------------------------------------------------------- 18. INVENTORY PURCHASES $0 $0 --------------------------------------------------------------------------------------------------------------- 19. VEHICLE EXPENSES $0 $0 --------------------------------------------------------------------------------------------------------------- 20. TRAVEL $0 $0 --------------------------------------------------------------------------------------------------------------- 21. ENTERTAINMENT $0 $0 --------------------------------------------------------------------------------------------------------------- 22. REPAIRS & MAINTENANCE $0 $0 --------------------------------------------------------------------------------------------------------------- 23. SUPPLIES $0 $0 --------------------------------------------------------------------------------------------------------------- 24. ADVERTISING $0 $0 --------------------------------------------------------------------------------------------------------------- 25. OTHER (ATTACH LIST) $101,453 $101,453 --------------------------------------------------------------------------------------------------------------- 26. TOTAL OPERATING DISBURSEMENTS $101,453 $0 $0 $101,453 --------------------------------------------------------------------------------------------------------------- REORGANIZATION EXPENSES --------------------------------------------------------------------------------------------------------------- 27. PROFESSIONAL FEES $0 $0 --------------------------------------------------------------------------------------------------------------- 28. U.S. TRUSTEE FEES $0 $0 --------------------------------------------------------------------------------------------------------------- 29. OTHER (ATTACH LIST) $0 $0 --------------------------------------------------------------------------------------------------------------- 30. TOTAL REORGANIZATION EXPENSES $0 $0 $0 $0 --------------------------------------------------------------------------------------------------------------- 31. TOTAL DISBURSEMENTS $101,453 $0 $0 $101,453 --------------------------------------------------------------------------------------------------------------- 32. NET CASH FLOW ($84,801) $0 $0 ($84,801) --------------------------------------------------------------------------------------------------------------- 33. CASH - END OF MONTH $3,594,508 $3,594,508 $3,594,508 $3,594,508 ---------------------------------------------------------------------------------------------------------------
82 MONTHLY OPERATING REPORT CASE NAME: AIRCRAFT LEASING, INC. ACCRUAL BASIS-4 CASE NUMBER: 00-42148-BJH-11 02/13/95, RWD, 2/96
----------------------------------------------------------------------------------------------------------------- MONTH MONTH MONTH SCHEDULE ---------------------------------------------- ACCOUNTS RECEIVABLE AGING AMOUNT MAY, 2000 ----------------------------------------------------------------------------------------------------------------- 1. 0-30 $0 $0 ----------------------------------------------------------------------------------------------------------------- 2. 31-60 $0 $0 ----------------------------------------------------------------------------------------------------------------- 3. 61-90 $0 $0 ----------------------------------------------------------------------------------------------------------------- 4. 91+ $0 $0 ----------------------------------------------------------------------------------------------------------------- 5. TOTAL ACCOUNTS RECEIVABLE $0 $0 $0 $0 ----------------------------------------------------------------------------------------------------------------- 6. AMOUNT CONSIDERED UNCOLLECTIBLE $0 $0 ----------------------------------------------------------------------------------------------------------------- 7. ACCOUNTS RECEIVABLE (NET) $0 $0 $0 $0 ----------------------------------------------------------------------------------------------------------------- AGING OF POSTPETITION TAXES AND PAYABLES MONTH: MAY, 2000 ----------------------------------------------------------------------------------------------------------------- 0-30 31-60 61-90 91+ TAXES PAYABLE DAYS DAYS DAYS DAYS TOTAL ----------------------------------------------------------------------------------------------------------------- 1. FEDERAL $246,755 $0 $0 $0 $246,755 ----------------------------------------------------------------------------------------------------------------- 2. STATE $0 $0 $0 $0 $0 ----------------------------------------------------------------------------------------------------------------- 3. LOCAL $0 $0 $0 $0 $0 ----------------------------------------------------------------------------------------------------------------- 4. OTHER (ATTACH LIST) $0 $0 $0 $0 $0 ----------------------------------------------------------------------------------------------------------------- 5. TOTAL TAXES PAYABLE $246,755 $0 $0 $0 $246,755 ----------------------------------------------------------------------------------------------------------------- 6. ACCOUNTS PAYABLE $0 $0 $0 $0 $0 ----------------------------------------------------------------------------------------------------------------- STATUS OF POSTPETITION TAXES MONTH: MAY, 2000 ----------------------------------------------------------------------------------------------------------------- BEGINNING AMOUNT ENDING TAX WITHHELD AND/ AMOUNT TAX FEDERAL LIABILITY* 0R ACCRUED PAID LIABILITY ----------------------------------------------------------------------------------------------------------------- 1. WITHHOLDING** $0 $0 $0 $0 ----------------------------------------------------------------------------------------------------------------- 2. FICA-EMPLOYEE** $0 $0 $0 $0 ----------------------------------------------------------------------------------------------------------------- 3. FICA-EMPLOYER** $0 $0 $0 $0 ----------------------------------------------------------------------------------------------------------------- 4. UNEMPLOYMENT $0 $0 $0 $0 ----------------------------------------------------------------------------------------------------------------- 5. INCOME $0 $246,755 $0 $246,755 ----------------------------------------------------------------------------------------------------------------- 6. OTHER (ATTACH LIST) $0 $0 $0 $0 ----------------------------------------------------------------------------------------------------------------- 7. TOTAL FEDERAL TAXES $0 $246,755 $0 $246,755 ----------------------------------------------------------------------------------------------------------------- STATE AND LOCAL ----------------------------------------------------------------------------------------------------------------- 8. WITHHOLDING $0 $0 $0 $0 ----------------------------------------------------------------------------------------------------------------- 9. SALES $0 $0 $0 $0 ----------------------------------------------------------------------------------------------------------------- 10. EXCISE $0 $0 $0 $0 ----------------------------------------------------------------------------------------------------------------- 11. UNEMPLOYMENT $0 $0 $0 $0 ----------------------------------------------------------------------------------------------------------------- 12. REAL PROPERTY $0 $0 $0 $0 ----------------------------------------------------------------------------------------------------------------- 13. PERSONAL PROPERTY $0 $0 $0 $0 ----------------------------------------------------------------------------------------------------------------- 14. OTHER (ATTACH LIST) $0 $0 $0 $0 ----------------------------------------------------------------------------------------------------------------- 15. TOTAL STATE & LOCAL $0 $0 $0 $0 ----------------------------------------------------------------------------------------------------------------- 16. TOTAL TAXES $0 $246,755 $0 $246,755 -----------------------------------------------------------------------------------------------------------------
* The beginning tax liability should represent the liability from the prior month or, if this is the first operating report, the amount should be zero. ** Attach photocopies of IRS Form 6123 or your FTD coupon and payment receipt to verify payment or deposit. 83 MONTHLY OPERATING REPORT CASE NAME: AIRCRAFT LEASING, INC. ACCRUAL BASIS-5 CASE NUMBER: 00-42148-BJH-11 02/13/95, RWD, 2/96 The debtor in possession must complete the reconciliation below for each bank account, including all general, payroll and tax accounts, as well as all savings and investment accounts, money market accounts, certificates of deposit, government obligations, etc. Accounts with restricted funds should be identified by placing an asterisk next to the account number. Attach additional sheets if necessary.
MONTH: MAY, 2000 -------------------------------------------------------------------------------------------------------------------------- BANK RECONCILIATIONS Account #1 Account #2 Account #3 -------------------------------------------------------------------------------------------------------------------------- A. BANK: --------------------------------------------------------------------------------------------------------- B. ACCOUNT NUMBER: TOTAL --------------------------------------------------------------------------------------------------------- C. PURPOSE (TYPE): -------------------------------------------------------------------------------------------------------------------------- 1. BALANCE PER BANK STATEMENT $0 $0 -------------------------------------------------------------------------------------------------------------------------- 2. ADD: TOTAL DEPOSITS NOT CREDITED $0 $0 -------------------------------------------------------------------------------------------------------------------------- 3. SUBTRACT: OUTSTANDING CHECKS $0 $0 -------------------------------------------------------------------------------------------------------------------------- 4. OTHER RECONCILING ITEMS $0 $0 -------------------------------------------------------------------------------------------------------------------------- 5. MONTH END BALANCE PER BOOKS $0 $0 $0 $0 -------------------------------------------------------------------------------------------------------------------------- 6. NUMBER OF LAST CHECK WRITTEN -------------------------------------------------------------------------------------------------------------------------- INVESTMENT ACCOUNTS -------------------------------------------------------------------------------------------------------------------------- DATE OF TYPE OF PURCHASE CURRENT BANK, ACCOUNT NAME & NUMBER PURCHASE INSTRUMENT PRICE VALUE -------------------------------------------------------------------------------------------------------------------------- 7. BANK ONE TRUST (ESCROW) 6801456800* 1/3/00 MONEY MARKET $3,625,000 $3,594,508 -------------------------------------------------------------------------------------------------------------------------- 8. (INCLUDES INTEREST ACCRUED OF $16,200 -------------------------------------------------------------------------------------------------------------------------- 9. NET OF BANK CHARGES ACCRUED $1,500) -------------------------------------------------------------------------------------------------------------------------- 10. -------------------------------------------------------------------------------------------------------------------------- 11. TOTAL INVESTMENTS $3,625,000 $3,594,508 -------------------------------------------------------------------------------------------------------------------------- CASH -------------------------------------------------------------------------------------------------------------------------- 12. CURRENCY ON HAND $0 -------------------------------------------------------------------------------------------------------------------------- 13. TOTAL CASH - END OF MONTH $3,594,508 --------------------------------------------------------------------------------------------------------------------------
84 MONTHLY OPERATING REPORT CASE NAME: AIRCRAFT LEASING, INC. ACCRUAL BASIS-6 CASE NUMBER: 00-42148-BJH-11 02/13/95, RWD, 2/96 MONTH: MAY, 2000 -------------------------------------- PAYMENTS TO INSIDERS AND PROFESSIONALS -------------------------------------- OF THE TOTAL DISBURSEMENTS SHOWN FOR THE MONTH, LIST THE AMOUNT PAID TO INSIDERS (AS DEFINED IN SECTION 101 (31) (A)-(F) OF THE U.S. BANKRUPTCY CODE) AND TO PROFESSIONALS. ALSO, FOR PAYMENTS TO INSIDERS, IDENTIFY THE TYPE OF COMPENSATION PAID (e.g. SALARY, BONUS, COMMISSIONS, INSURANCE, HOUSING ALLOWANCE, TRAVEL, CAR ALLOWANCE, ETC.). ATTACH ADDITIONAL SHEETS IF NECESSARY.
-------------------------------------------------------------------------------- INSIDERS -------------------------------------------------------------------------------- TYPE OF AMOUNT TOTAL PAID NAME PAYMENT PAID TO DATE -------------------------------------------------------------------------------- 1. SEE KITTY HAWK, INC. MOR - CASE # 00-42141-BJH-11 -------------------------------------------------------------------------------- 2. -------------------------------------------------------------------------------- 3. -------------------------------------------------------------------------------- 4. -------------------------------------------------------------------------------- 5. -------------------------------------------------------------------------------- 6. TOTAL PAYMENTS TO INSIDERS $0 $0 -------------------------------------------------------------------------------- --------------------------------------------------------------------------------------------------------------------- PROFESSIONALS --------------------------------------------------------------------------------------------------------------------- DATE OF COURT TOTAL ORDER AUTHORIZING AMOUNT AMOUNT TOTAL PAID INCURRED NAME PAYMENT APPROVED PAID TO DATE & UNPAID * --------------------------------------------------------------------------------------------------------------------- 1. SEE KITTY HAWK, INC. MOR - CASE # 00-42141-BJH-11 --------------------------------------------------------------------------------------------------------------------- 2. --------------------------------------------------------------------------------------------------------------------- 3. --------------------------------------------------------------------------------------------------------------------- 4. --------------------------------------------------------------------------------------------------------------------- 5. --------------------------------------------------------------------------------------------------------------------- 6. TOTAL PAYMENTS TO PROFESSIONALS $0 $0 $0 $0 --------------------------------------------------------------------------------------------------------------------- * INCLUDE ALL FEES INCURRED, BOTH APPROVED AND UNAPPROVED ----------------------------------------------------------------- POSTPETITION STATUS OF SECURED NOTES, LEASES PAYABLE AND ADEQUATE PROTECTION PAYMENTS ----------------------------------------------------------------- ---------------------------------------------------------------------------------------------------- SCHEDULED AMOUNTS MONTHLY PAID TOTAL PAYMENTS DURING UNPAID NAME OF CREDITOR DUE MONTH POSTPETITION ---------------------------------------------------------------------------------------------------- 1. FIRST SOURCE BANK (865001) $28,212 $0 $28,212 ---------------------------------------------------------------------------------------------------- 2. FIRST SOURCE BANK (RPS) $8,791 $0 $8,791 ---------------------------------------------------------------------------------------------------- 3. FIRST SOURCE BANK (AIA) $56,073 $0 $56,073 ---------------------------------------------------------------------------------------------------- 4. $0 ---------------------------------------------------------------------------------------------------- 5. $0 ---------------------------------------------------------------------------------------------------- 6. TOTAL $93,076 $0 $93,076 ----------------------------------------------------------------------------------------------------
85 MONTHLY OPERATING REPORT CASE NAME: AIRCRAFT LEASING, INC. ACCRUAL BASIS-7 CASE NUMBER: 00-42148-BJH-11 02/13/95, RWD, 2/96 MONTH: MAY, 2000
QUESTIONNAIRE -------------------------------------------------------------------------------------------------------------- YES NO -------------------------------------------------------------------------------------------------------------- 1. HAVE ANY ASSETS BEEN SOLD OR TRANSFERRED OUTSIDE X THE NORMAL COURSE OF BUSINESS THIS REPORTING PERIOD? -------------------------------------------------------------------------------------------------------------- 2. HAVE ANY FUNDS BEEN DISBURSED FROM ANY ACCOUNT X OTHER THAN A DEBTOR IN POSSESSION ACCOUNT? -------------------------------------------------------------------------------------------------------------- 3. ARE ANY POSTPETITION RECEIVABLES (ACCOUNTS, NOTES, OR X LOANS) DUE FROM RELATED PARTIES? -------------------------------------------------------------------------------------------------------------- 4. HAVE ANY PAYMENTS BEEN MADE ON PREPETITION LIABILITIES X THIS REPORTING PERIOD? -------------------------------------------------------------------------------------------------------------- 5. HAVE ANY POSTPETITION LOANS BEEN RECEIVED BY THE X DEBTOR FROM ANY PARTY? -------------------------------------------------------------------------------------------------------------- 6. ARE ANY POSTPETITION PAYROLL TAXES PAST DUE? X -------------------------------------------------------------------------------------------------------------- 7. ARE ANY POSTPETITION STATE OR FEDERAL INCOME TAXES X PAST DUE? -------------------------------------------------------------------------------------------------------------- 8. ARE ANY POSTPETITION REAL ESTATE TAXES PAST DUE? X -------------------------------------------------------------------------------------------------------------- 9. ARE ANY OTHER POSTPETITION TAXES PAST DUE? X -------------------------------------------------------------------------------------------------------------- 10. ARE ANY AMOUNTS OWED TO POSTPETITION CREDITORS X DELINQUENT? -------------------------------------------------------------------------------------------------------------- 11. HAVE ANY PREPETITION TAXES BEEN PAID DURING THE X REPORTING PERIOD? -------------------------------------------------------------------------------------------------------------- 12. ARE ANY WAGE PAYMENTS PAST DUE? X --------------------------------------------------------------------------------------------------------------
IF THE ANSWER TO ANY OF THE ABOVE QUESTIONS IS "YES," PROVIDE A DETAILED EXPLANATION OF EACH ITEM. ATTACH ADDITIONAL SHEETS IF NECESSARY. 2) Two disbursements of $50,000 each were sent from the Bank One Trust (Escrow) account to a legal firm on the lessor's request & behalf.
INSURANCE -------------------------------------------------------------------------------------------------------------- YES NO -------------------------------------------------------------------------------------------------------------- 1. ARE WORKER'S COMPENSATION, GENERAL LIABILITY AND OTHER X NECESSARY INSURANCE COVERAGES IN EFFECT? -------------------------------------------------------------------------------------------------------------- 2. ARE ALL PREMIUM PAYMENTS PAID CURRENT? X -------------------------------------------------------------------------------------------------------------- 3. PLEASE ITEMIZE POLICIES BELOW. --------------------------------------------------------------------------------------------------------------
IF THE ANSWER TO ANY OF THE ABOVE QUESTIONS IS "NO," OR IF ANY POLICIES HAVE BEEN CANCELLED OR NOT RENEWED DURING THIS REPORTING PERIOD, PROVIDE AN EXPLANATION BELOW. ATTACH ADDITIONAL SHEETS IF NECESSARY.
-------------------------------------------------------------------------------------------------------------- INSTALLMENT PAYMENTS -------------------------------------------------------------------------------------------------------------- TYPE OF PAYMENT AMOUNT POLICY CARRIER PERIOD COVERED & FREQUENCY -------------------------------------------------------------------------------------------------------------- SEE KITTY HAWK, INC. MOR - CASE # 00-42141-BJH-11 -------------------------------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------------------------------- --------------------------------------------------------------------------------------------------------------
86 MONTHLY OPERATING REPORT CASE NAME: AIRCRAFT LEASING, INC. ACCRUAL BASIS-ATTACHMENT CASE NUMBER: 00-42148-BJH-11 MONTH: MAY, 2000 MOR # ITEM # LIST OR EXPLANATION 1 - BS 8 a) $100,000 Deposit for Retainer & Legal Fees (2x$50,000 disbursements) from Bank One Trust to Lessor's Counsel b) ($32,708,844) Intercompany Cummulative Receivable/Payable Credit Balance 1 - BS 22 a) $21,437 Accrued Accounts Payable (Post-petition) 1 - BS 27 a) $12,829 Accrued Accounts Payable (Pre-petition) b) $2,399,516 Accrued Taxes Payable (Pre-petition) 2 - IS 16 a) $16,652 Interest Income (from Bank One Trust-Escrow account) 3 - CF 8 a) $16,652 Interest Income (from Bank One Trust-Escrow account) 3 - CF 25 a) $100,000 Deposit for Retainer & Legal Fees (2x$50,000 disbursements) from Bank One Trust to Lessor's Counsel b) $1,453 Bank Charges for Money Market (Bank One Trust-Escrow) account 5 - BK 7 a) Includes $16,200 Interest Income Accrued less $1,500 Bank Charges Accrued 7 - QA 2 a) $100,000 Deposit for Retainer & Legal Fees (2x$50,000 disbursements) from Bank One Trust to Lessor's Counsel 87 EX-99.9 10 0010.txt EXHIBIT 99.9 MONTHLY OPERATING REPORT - ------------------------------------------------ CASE NAME: AMERICAN INTERNATIONAL TRAVEL, INC. ACCRUAL BASIS - ------------------------------------------------ CASE NUMBER: 00-42149-BJH-11 02/13/95, RWD, 2/96 - ------------------------------------------------ JUDGE: BARBARA J. HOUSER - ------------------------------------------------ UNITED STATES BANKRUPTCY COURT NORTHERN DISTRICT OF TEXAS SIXTH DIVISION MONTHLY OPERATING REPORT MONTH ENDING: MAY 31, 2000 IN ACCORDANCE WITH TITLE 28, SECTION 1746, OF THE UNITED STATES CODE, I DECLARE UNDER PENALTY OF PERJURY THAT I HAVE EXAMINED THE FOLLOWING MONTHLY OPERATING REPORT (ACCRUAL BASIS-1 THROUGH ACCRUAL BASIS-7) AND THE ACCOMPANYING ATTACHMENTS AND, TO THE BEST OF MY KNOWLEDGE, THESE DOCUMENTS ARE TRUE, CORRECT AND COMPLETE. DECLARATION OF THE PREPARER (OTHER THAN RESPONSIBLE PARTY): IS BASED ON ALL INFORMATION OF WHICH PREPARER HAS ANY KNOWLEDGE. RESPONSIBLE PARTY: CFO - --------------------------------------- ----------------------- ORIGINAL SIGNATURE OF RESPONSIBLE PARTY TITLE Drew Keith 7/3/00 - --------------------------------------- ----------------------- PRINTED NAME OF RESPONSIBLE PARTY DATE PREPARER: Corporate Controller - --------------------------------------- ----------------------- ORIGINAL SIGNATURE OF PREPARER TITLE Jessica L. Wilson 7/3/00 - --------------------------------------- ----------------------- PRINTED NAME OF PREPARER DATE 88 MONTHLY OPERATING REPORT - ---------------------------------------------- CASE NAME: AMERICAN INTERNATIONAL TRAVEL, INC. ACCRUAL BASIS-1 - ---------------------------------------------- CASE NUMBER: 00-42149-BJH-11 02/13/95, RWD, 2/96 - ---------------------------------------------- COMPARATIVE BALANCE SHEET
- ---------------------------------------------------------------------------------------------------------------- SCHEDULE MONTH MONTH MONTH ------------------------------------------------------ ASSETS AMOUNT MAY-00 - ---------------------------------------------------------------------------------------------------------------- 1. UNRESTRICTED CASH $64,520 $0 - ---------------------------------------------------------------------------------------------------------------- 2. RESTRICTED CASH $0 - ---------------------------------------------------------------------------------------------------------------- 3. TOTAL CASH $64,520 $0 $0 $0 - ---------------------------------------------------------------------------------------------------------------- 4. ACCOUNTS RECEIVABLE (NET) $0 - ---------------------------------------------------------------------------------------------------------------- 5. INVENTORY $0 - ---------------------------------------------------------------------------------------------------------------- 6. NOTES RECEIVABLE $0 - ---------------------------------------------------------------------------------------------------------------- 7. PREPAID EXPENSES $0 - ---------------------------------------------------------------------------------------------------------------- 8. OTHER (ATTACH LIST) ($442,145) - ---------------------------------------------------------------------------------------------------------------- 9. TOTAL CURRENT ASSETS $64,520 ($442,145) $0 $0 - ---------------------------------------------------------------------------------------------------------------- 10. PROPERTY, PLANT & EQUIPMENT $0 - ---------------------------------------------------------------------------------------------------------------- 11. LESS: ACCUMULATED $0 DEPRECIATION/DEPLETION $0 - ---------------------------------------------------------------------------------------------------------------- 12. NET PROPERTY, PLANT & EQUIPMENT $0 $0 $0 $0 - ---------------------------------------------------------------------------------------------------------------- 13. DUE FROM INSIDERS $0 - ---------------------------------------------------------------------------------------------------------------- 14. OTHER ASSETS - NET OF AMORTIZATION (ATTACH LIST) $0 - ---------------------------------------------------------------------------------------------------------------- 15. OTHER (ATTACH LIST) $0 - ---------------------------------------------------------------------------------------------------------------- 16. TOTAL ASSETS $64,520 ($442,145) $0 $0 - ---------------------------------------------------------------------------------------------------------------- POSTPETITION LIABILITIES - ---------------------------------------------------------------------------------------------------------------- 17. ACCOUNTS PAYABLE $0 - ---------------------------------------------------------------------------------------------------------------- 18. TAXES PAYABLE $0 - ---------------------------------------------------------------------------------------------------------------- 19. NOTES PAYABLE $0 - ---------------------------------------------------------------------------------------------------------------- 20. PROFESSIONAL FEES $0 - ---------------------------------------------------------------------------------------------------------------- 21. SECURED DEBT $0 - ---------------------------------------------------------------------------------------------------------------- 22. OTHER (ATTACH LIST) $0 - ---------------------------------------------------------------------------------------------------------------- 23. TOTAL POSTPETITION LIABILITIES $0 $0 $0 - ---------------------------------------------------------------------------------------------------------------- PREPETITION LIABILITIES - ---------------------------------------------------------------------------------------------------------------- 24. SECURED DEBT $0 - ---------------------------------------------------------------------------------------------------------------- 25. PRIORITY DEBT $16,503 $0 - ---------------------------------------------------------------------------------------------------------------- 26. UNSECURED DEBT $513,635 ($84,930) - ---------------------------------------------------------------------------------------------------------------- 27. OTHER (ATTACH LIST) $0 - ---------------------------------------------------------------------------------------------------------------- 28. TOTAL PREPETITION LIABILITIES $530,138 ($84,930) $0 $0 - ---------------------------------------------------------------------------------------------------------------- 29. TOTAL LIABILITIES $530,138 ($84,930) $0 $0 - ---------------------------------------------------------------------------------------------------------------- EQUITY - ---------------------------------------------------------------------------------------------------------------- 30. PREPETITION OWNERS' EQUITY ($359,163) - ---------------------------------------------------------------------------------------------------------------- 31. POSTPETITION CUMULATIVE PROFIT OR (LOSS) $1,908 - ---------------------------------------------------------------------------------------------------------------- 32. DIRECT CHARGES TO EQUITY (ATTACH EXPLANATION) - ---------------------------------------------------------------------------------------------------------------- 33. TOTAL EQUITY $0 ($357,255) $0 $0 - ---------------------------------------------------------------------------------------------------------------- 34. TOTAL LIABILITIES & OWNERS' EQUITY $530,138 ($442,185) $0 $0 - ----------------------------------------------------------------------------------------------------------------
89 MONTHLY OPERATING REPORT - ---------------------------------------------- CASE NAME: AMERICAN INTERNATIONAL TRAVEL, INC. ACCRUAL BASIS-2 - ---------------------------------------------- CASE NUMBER: 00-42149-BJH-11 02/13/95, RWD, 2/96 - ---------------------------------------------- INCOME STATEMENT
MONTH MONTH MONTH QUARTER ------------------------------------------- REVENUES May-00 TOTAL - -------------------------------------------------------------------------------------------------- 1. GROSS REVENUES $4,085 $4,085 - -------------------------------------------------------------------------------------------------- 2. LESS: RETURNS & DISCOUNTS $0 $0 - -------------------------------------------------------------------------------------------------- 3. NET REVENUE $4,085 $0 $0 $4,085 - -------------------------------------------------------------------------------------------------- COST OF GOODS SOLD - --------------------------------------------------------------------------------------------------- 4. MATERIAL $0 $0 - --------------------------------------------------------------------------------------------------- 5. DIRECT LABOR $0 $0 - --------------------------------------------------------------------------------------------------- 6. DIRECT OVERHEAD $0 $0 - --------------------------------------------------------------------------------------------------- 7. TOTAL COST OF GOODS SOLD $0 $0 $0 $0 - --------------------------------------------------------------------------------------------------- 8. GROSS PROFIT $4,085 $0 $0 $4,085 - --------------------------------------------------------------------------------------------------- OPERATING EXPENSES - --------------------------------------------------------------------------------------------------- 9. OFFICER/INSIDER COMPENSATION $0 $0 - --------------------------------------------------------------------------------------------------- 10. SELLING & MARKETING $0 $0 - --------------------------------------------------------------------------------------------------- 11. GENERAL & ADMINISTRATIVE $2,177 $2,177 - --------------------------------------------------------------------------------------------------- 12. RENT & LEASE $0 $0 - --------------------------------------------------------------------------------------------------- 13. OTHER (ATTACH LIST) $0 $0 - --------------------------------------------------------------------------------------------------- 14. TOTAL OPERATING EXPENSES $2,177 $0 $0 $2,177 - --------------------------------------------------------------------------------------------------- 15. INCOME BEFORE NON-OPERATING INCOME & EXPENSE $1,908 $0 $0 $1,908 - --------------------------------------------------------------------------------------------------- OTHER INCOME & EXPENSES - --------------------------------------------------------------------------------------------------- 16. NON-OPERATING INCOME (ATT. LIST) $0 $0 - --------------------------------------------------------------------------------------------------- 17. NON-OPERATING EXPENSE (ATT. LIST) $0 $0 - --------------------------------------------------------------------------------------------------- 18. INTEREST EXPENSE $0 $0 - --------------------------------------------------------------------------------------------------- 19. DEPRECIATION/DEPLETION $0 $0 - --------------------------------------------------------------------------------------------------- 20. AMORTIZATION $0 $0 - --------------------------------------------------------------------------------------------------- 21. OTHER (ATTACH LIST) $0 $0 - --------------------------------------------------------------------------------------------------- 22. NET OTHER INCOME & EXPENSES $0 $0 $0 $0 - --------------------------------------------------------------------------------------------------- REORGANIZATION EXPENSES - --------------------------------------------------------------------------------------------------- 23. PROFESSIONAL FEES $0 $0 - -------------------------------------------------------------------------------------------------- 24. U.S. TRUSTEE FEES $0 $0 - --------------------------------------------------------------------------------------------------- 25. OTHER (ATTACH LIST) $0 $0 - --------------------------------------------------------------------------------------------------- 26. TOTAL REORGANIZATION EXPENSES $0 $0 $0 $0 - --------------------------------------------------------------------------------------------------- 27. INCOME TAX $0 $0 - --------------------------------------------------------------------------------------------------- 28. NET PROFIT (LOSS) $1,908 $0 $0 $1,908 - ---------------------------------------------------------------------------------------------------
90 MONTHLY OPERATING REPORT - ---------------------------------------------- CASE NAME: AMERICAN INTERNATIONAL TRAVEL, INC. ACCRUAL BASIS-3 - ---------------------------------------------- CASE NUMBER: 00-42149-BJH-11 02/13/95, RWD, 2/96 - ----------------------------------------------
CASH RECEIPTS AND MONTH MONTH MONTH QUARTER ------------------------------------------------- DISBURSEMENTS MAY-00 TOTAL - ---------------------------------------------------------------------------------------------------------- 1. CASH - BEGINNING OF MONTH $64,520 $0 $0 $64,520 - ---------------------------------------------------------------------------------------------------------- RECEIPTS FROM OPERATIONS - ---------------------------------------------------------------------------------------------------------- 2. CASH SALES $4,719 $4,719 - ---------------------------------------------------------------------------------------------------------- COLLECTION OF ACCOUNTS RECEIVABLE - ---------------------------------------------------------------------------------------------------------- 3. PREPETITION $0 $0 - ---------------------------------------------------------------------------------------------------------- 4. POSTPETITION $0 $0 - ---------------------------------------------------------------------------------------------------------- 5. TOTAL OPERATING RECEIPTS $4,719 $0 $0 $4,719 - ---------------------------------------------------------------------------------------------------------- NON-OPERATING RECEIPTS - ---------------------------------------------------------------------------------------------------------- 6. LOANS & ADVANCES (ATTACH LIST) $0 $0 - ---------------------------------------------------------------------------------------------------------- 7. SALE OF ASSETS $0 $0 - ---------------------------------------------------------------------------------------------------------- 8. OTHER (ATTACH LIST) ($67,063) ($67,063) - ---------------------------------------------------------------------------------------------------------- 9. TOTAL NON-OPERATING RECEIPTS ($67,063) $0 $0 ($67,063) - ---------------------------------------------------------------------------------------------------------- 10. TOTAL RECEIPTS ($62,344) $0 $0 ($62,344) - ---------------------------------------------------------------------------------------------------------- 11. TOTAL CASH AVAILABLE $2,176 $0 $0 $2,176 - ---------------------------------------------------------------------------------------------------------- OPERATING DISBURSEMENTS - ---------------------------------------------------------------------------------------------------------- 12. NET PAYROLL $0 $0 - ---------------------------------------------------------------------------------------------------------- 13. PAYROLL TAXES PAID $0 $0 - ---------------------------------------------------------------------------------------------------------- 14. SALES, USE & OTHER TAXES PAID $0 $0 - ---------------------------------------------------------------------------------------------------------- 15. SECURED / RENTAL / LEASES $0 $0 - ---------------------------------------------------------------------------------------------------------- 16. UTILITIES $0 $0 - ---------------------------------------------------------------------------------------------------------- 17. INSURANCE $0 $0 - ---------------------------------------------------------------------------------------------------------- 18. INVENTORY PURCHASES $0 $0 - ---------------------------------------------------------------------------------------------------------- 19. VEHICLE EXPENSES $0 $0 - ---------------------------------------------------------------------------------------------------------- 20. TRAVEL $1,803 $1,803 - ---------------------------------------------------------------------------------------------------------- 21. ENTERTAINMENT $0 $0 - ---------------------------------------------------------------------------------------------------------- 22. REPAIRS & MAINTENANCE $0 $0 - ---------------------------------------------------------------------------------------------------------- 23. SUPPLIES $0 $0 - ---------------------------------------------------------------------------------------------------------- 24. ADVERTISING $0 $0 - ---------------------------------------------------------------------------------------------------------- 25. OTHER (ATTACH LIST) $373 $373 - ---------------------------------------------------------------------------------------------------------- 26. TOTAL OPERATING DISBURSEMENTS $2,176 $0 $0 $2,176 - ---------------------------------------------------------------------------------------------------------- REORGANIZATION EXPENSES - ---------------------------------------------------------------------------------------------------------- 27. PROFESSIONAL FEES $0 $0 - ---------------------------------------------------------------------------------------------------------- 28. U.S. TRUSTEE FEES $0 $0 - ---------------------------------------------------------------------------------------------------------- 29. OTHER (ATTACH LIST) $0 $0 - ---------------------------------------------------------------------------------------------------------- 30. TOTAL REORGANIZATION EXPENSES $0 $0 $0 $0 - ---------------------------------------------------------------------------------------------------------- 31. TOTAL DISBURSEMENTS $2,176 $0 $0 $2,176 - ---------------------------------------------------------------------------------------------------------- 32. NET CASH FLOW ($64,520) $0 $0 ($64,520) - ---------------------------------------------------------------------------------------------------------- 33. CASH - END OF MONTH $0 $0 $0 $0 - ----------------------------------------------------------------------------------------------------------
91 MONTHLY OPERATING REPORT - ---------------------------------------------- CASE NAME: AMERICAN INTERNATIONAL TRAVEL, INC. ACCRUAL BASIS-4 - ---------------------------------------------- CASE NUMBER: 00-42149-BJH-11 02/13/95, RWD, 2/96 - ----------------------------------------------
SCHEDULE MONTH MONTH MONTH ------------------------------------------ ACCOUNTS RECEIVABLE AGING AMOUNT MAY-00 - ------------------------------------------------------------------------------------------------------------- 1. 0-30 $0 $0 - ------------------------------------------------------------------------------------------------------------- 2. 31-60 $0 $0 - ------------------------------------------------------------------------------------------------------------- 3. 61-90 $0 $0 - ------------------------------------------------------------------------------------------------------------- 4. 91+ $0 $0 - ------------------------------------------------------------------------------------------------------------- 5. TOTAL ACCOUNTS RECEIVABLE $0 $0 $0 $0 - ------------------------------------------------------------------------------------------------------------- 6. AMOUNT CONSIDERED UNCOLLECTIBLE $0 $0 - ------------------------------------------------------------------------------------------------------------- 7. ACCOUNTS RECEIVABLE (NET) $0 $0 $0 $0 - -------------------------------------------------------------------------------------------------------------
AGING OF POSTPETITION TAXES AND PAYABLES MONTH: May-00 ------------------------- - ------------------------------------------------------------------------------------------------------------- 0-30 31-60 61-90 91+ TAXES PAYABLE DAYS DAYS DAYS DAYS TOTAL - ------------------------------------------------------------------------------------------------------------- 1. FEDERAL $0 $0 $0 $0 $0 - ------------------------------------------------------------------------------------------------------------- 2. STATE $0 $0 $0 $0 $0 - ------------------------------------------------------------------------------------------------------------- 3. LOCAL $0 $0 $0 $0 $0 - ------------------------------------------------------------------------------------------------------------- 4. OTHER (ATTACH LIST) $0 $0 $0 $0 $0 - ------------------------------------------------------------------------------------------------------------- 5. TOTAL TAXES PAYABLE $0 $0 $0 $0 $0 - ------------------------------------------------------------------------------------------------------------- 6. ACCOUNTS PAYABLE $0 $0 $0 $0 $0 - -------------------------------------------------------------------------------------------------------------
STATUS OF POSTPETITION TAXES MONTH: May-00 ------------------------- - -------------------------------------------------------------------------------------------------------------- BEGINNING AMOUNT ENDING TAX WITHHELD AND/ AMOUNT TAX FEDERAL LIABILITY* 0R ACCRUED PAID LIABILITY - -------------------------------------------------------------------------------------------------------------- 1. WITHHOLDING** $0 $0 $0 $0 - -------------------------------------------------------------------------------------------------------------- 2. FICA-EMPLOYEE** $0 $0 $0 $0 - -------------------------------------------------------------------------------------------------------------- 3. FICA-EMPLOYER** $0 $0 $0 $0 - -------------------------------------------------------------------------------------------------------------- 4. UNEMPLOYMENT $0 $0 $0 $0 - -------------------------------------------------------------------------------------------------------------- 5. INCOME $0 $0 $0 $0 - -------------------------------------------------------------------------------------------------------------- 6. OTHER (ATTACH LIST) $0 $0 $0 $0 - -------------------------------------------------------------------------------------------------------------- 7. TOTAL FEDERAL TAXES $0 $0 $0 $0 - -------------------------------------------------------------------------------------------------------------- STATE AND LOCAL - -------------------------------------------------------------------------------------------------------------- 8. WITHHOLDING $0 $0 $0 $0 - -------------------------------------------------------------------------------------------------------------- 9. SALES $0 $0 $0 $0 - -------------------------------------------------------------------------------------------------------------- 10. EXCISE $0 $0 $0 $0 - -------------------------------------------------------------------------------------------------------------- 11. UNEMPLOYMENT $0 $0 $0 $0 - -------------------------------------------------------------------------------------------------------------- 12. REAL PROPERTY $0 $0 $0 $0 - -------------------------------------------------------------------------------------------------------------- 13. PERSONAL PROPERTY $0 $0 $0 $0 - -------------------------------------------------------------------------------------------------------------- 14. OTHER (ATTACH LIST) $0 $0 $0 $0 - -------------------------------------------------------------------------------------------------------------- 15. TOTAL STATE & LOCAL $0 $0 $0 $0 - -------------------------------------------------------------------------------------------------------------- 16. TOTAL TAXES $0 $0 $0 $0 - --------------------------------------------------------------------------------------------------------------
* The beginning tax liability should represent the liability from the prior month or, if this is the first operating report, the amount should be zero. ** Attach photocopies of IRS Form 6123 or your FTD coupon and payment receipt to verify payment or deposit. 92 MONTHLY OPERATING REPORT - ---------------------------------------------- CASE NAME: AMERICAN INTERNATIONAL TRAVEL, INC. ACCRUAL BASIS-5 - ---------------------------------------------- CASE NUMBER: 00-42149-BJH-11 02/13/95, RWD, 2/96 - ---------------------------------------------- The debtor in possession must complete the reconciliation below for each bank account, including all general, payroll and tax accounts, as well as all savings and investment accounts, money market accounts, certificates of deposit, government obligations, etc. Accounts with restricted funds should be identified by placing an asterisk next to the account number. Attach additional sheets if necessary.
MONTH: May-00 BANK RECONCILIATIONS Account #1 Account #2 Account #3 - -------------------------------------------------------------------------------------------------------- A. BANK: Comerica - ---------------------------------------------------------------------------------------- B. ACCOUNT NUMBER: 1850138692 TOTAL - ---------------------------------------------------------------------------------------- C. PURPOSE (TYPE): Operating - -------------------------------------------------------------------------------------------------------- 1. BALANCE PER BANK STATEMENT $0 - -------------------------------------------------------------------------------------------------------- 2. ADD: TOTAL DEPOSITS NOT CREDITED $0 - -------------------------------------------------------------------------------------------------------- 3. SUBTRACT: OUTSTANDING CHECKS $0 - -------------------------------------------------------------------------------------------------------- 4. OTHER RECONCILING ITEMS $0 - -------------------------------------------------------------------------------------------------------- 5. MONTH END BALANCE PER BOOKS $0 $0 $0 $0 - -------------------------------------------------------------------------------------------------------- 6. NUMBER OF LAST CHECK WRITTEN N/A account closed - --------------------------------------------------------------------------------------------------------
INVESTMENT ACCOUNTS
- ------------------------------------------------------------------------------------------------------------ DATE OF TYPE OF PURCHASE CURRENT BANK, ACCOUNT NAME & NUMBER PURCHASE INSTRUMENT PRICE VALUE - ------------------------------------------------------------------------------------------------------------ 7. N/A - ------------------------------------------------------------------------------------------------------------ 8. N/A - ------------------------------------------------------------------------------------------------------------ 9. N/A - ------------------------------------------------------------------------------------------------------------ 10. N/A - ------------------------------------------------------------------------------------------------------------ 11. TOTAL INVESTMENTS $0 $0 - ------------------------------------------------------------------------------------------------------------ CASH - ------------------------------------------------------------------------------------------------------------ 12. CURRENCY ON HAND $0 - ------------------------------------------------------------------------------------------------------------ 13. TOTAL CASH - END OF MONTH $0 - ------------------------------------------------------------------------------------------------------------
93 MONTHLY OPERATING REPORT - ---------------------------------------------- CASE NAME: AMERICAN INTERNATIONAL TRAVEL, INC. ACCRUAL BASIS-6 - ---------------------------------------------- CASE NUMBER: 00-42149-BJH-11 02/13/95, RWD, 2/96 - ---------------------------------------------- MONTH: May-00 - --------------------------------------------------------- PAYMENTS TO INSIDERS AND PROFESSIONALS - --------------------------------------------------------- OF THE TOTAL DISBURSEMENTS SHOWN FOR THE MONTH, LIST THE AMOUNT PAID TO INSIDERS (AS DEFINED IN SECTION 101 (31) (A)-(F) OF THE U.S. BANKRUPTCY CODE) AND TO PROFESSIONALS. ALSO, FOR PAYMENTS TO INSIDERS, IDENTIFY THE TYPE OF COMPENSATION PAID (e.g. SALARY, BONUS, COMMISSIONS, INSURANCE, HOUSING ALLOWANCE, TRAVEL, CAR ALLOWANCE, ETC.). ATTACH ADDITIONAL SHEETS IF NECESSARY. - -------------------------------------------------------------------------- INSIDERS - -------------------------------------------------------------------------- TYPE OF AMOUNT TOTAL PAID NAME PAYMENT PAID TO DATE - -------------------------------------------------------------------------- 1. N/A - -------------------------------------------------------------------------- 2. N/A - -------------------------------------------------------------------------- 3. N/A - -------------------------------------------------------------------------- 4. N/A - -------------------------------------------------------------------------- 5. N/A - -------------------------------------------------------------------------- 6. TOTAL PAYMENTS TO INSIDERS $0 $0 - -------------------------------------------------------------------------- PROFESSIONALS
- ------------------------------------------------------------------------------------------------------ DATE OF COURT TOTAL ORDER AUTHORIZING AMOUNT AMOUNT TOTAL PAID INCURRED NAME PAYMENT APPROVED PAID TO DATE & UNPAID * - ---------------------------------------------------------------------------------------------------- 1. N/A - ---------------------------------------------------------------------------------------------------- 2. N/A - ---------------------------------------------------------------------------------------------------- 3. N/A - ---------------------------------------------------------------------------------------------------- 4. N/A - ---------------------------------------------------------------------------------------------------- 5. N/A - ---------------------------------------------------------------------------------------------------- 6. TOTAL PAYMENTS TO PROFESSIONALS $0 $0 $0 $0 - ----------------------------------------------------------------------------------------------------
* INCLUDE ALL FEES INCURRED, BOTH APPROVED AND UNAPPROVED - -------------------------------------------------------------------------- POSTPETITION STATUS OF SECURED NOTES, LEASES PAYABLE AND ADEQUATE PROTECTION PAYMENTS - -------------------------------------------------------------------------- SCHEDULED AMOUNTS MONTHLY PAID TOTAL PAYMENTS DURING UNPAID NAME OF CREDITOR DUE MONTH POSTPETITION - -------------------------------------------------------------------------- 1. N/A - -------------------------------------------------------------------------- 2. N/A - -------------------------------------------------------------------------- 3. N/A - -------------------------------------------------------------------------- 4. N/A - -------------------------------------------------------------------------- 5. N/A - -------------------------------------------------------------------------- 6. TOTAL $0 $0 $0 - -------------------------------------------------------------------------- 94 MONTHLY OPERATING REPORT - ---------------------------------------------- CASE NAME: AMERICAN INTERNATIONAL TRAVEL, INC. ACCRUAL BASIS-7 - ---------------------------------------------- CASE NUMBER: 00-42149-BJH-11 02/13/95, RWD, 2/96 - ---------------------------------------------- MONTH: May-00 QUESTIONNAIRE YES NO - -------------------------------------------------------------------------------- 1. HAVE ANY ASSETS BEEN SOLD OR TRANSFERRED OUTSIDE THE NORMAL COURSE OF BUSINESS THIS REPORTING PERIOD? X - -------------------------------------------------------------------------------- 2. HAVE ANY FUNDS BEEN DISBURSED FROM ANY ACCOUNT OTHER THAN A DEBTOR IN POSSESSION ACCOUNT? X - -------------------------------------------------------------------------------- 3. ARE ANY POSTPETITION RECEIVABLES (ACCOUNTS, NOTES, OR LOANS) DUE FROM RELATED PARTIES? X - -------------------------------------------------------------------------------- 4. HAVE ANY PAYMENTS BEEN MADE ON PREPETITION LIABILITIES THIS REPORTING PERIOD? X - -------------------------------------------------------------------------------- 5. HAVE ANY POSTPETITION LOANS BEEN RECEIVED BY THE DEBTOR FROM ANY PARTY? X - -------------------------------------------------------------------------------- 6. ARE ANY POSTPETITION PAYROLL TAXES PAST DUE? X - -------------------------------------------------------------------------------- 7. ARE ANY POSTPETITION STATE OR FEDERAL INCOME TAXES PAST DUE? X - -------------------------------------------------------------------------------- 8. ARE ANY POSTPETITION REAL ESTATE TAXES PAST DUE? X - -------------------------------------------------------------------------------- 9. ARE ANY OTHER POSTPETITION TAXES PAST DUE? X - -------------------------------------------------------------------------------- 10 ARE ANY AMOUNTS OWED TO POSTPETITION CREDITORS DELINQUENT? X - -------------------------------------------------------------------------------- 11 HAVE ANY PREPETITION TAXES BEEN PAID DURING THE REPORTING PERIOD? X - -------------------------------------------------------------------------------- 12 ARE ANY WAGE PAYMENTS PAST DUE? X - -------------------------------------------------------------------------------- IF THE ANSWER TO ANY OF THE ABOVE QUESTIONS IS "YES," PROVIDE A DETAILED EXPLANATION OF EACH ITEM. ATTACH ADDITIONAL SHEETS IF NECESSARY. INSURANCE YES NO - -------------------------------------------------------------------------------- 1. ARE WORKER'S COMPENSATION, GENERAL LIABILITY AND OTHER NECESSARY INSURANCE COVERAGES IN EFFECT? X - -------------------------------------------------------------------------------- 2. ARE ALL PREMIUM PAYMENTS PAID CURRENT? X - -------------------------------------------------------------------------------- 3. PLEASE ITEMIZE POLICIES BELOW. - -------------------------------------------------------------------------------- IF THE ANSWER TO ANY OF THE ABOVE QUESTIONS IS "NO," OR IF ANY POLICIES HAVE BEEN CANCELLED OR NOT RENEWED DURING THIS REPORTING PERIOD, PROVIDE AN EXPLANATION BELOW. ATTACH ADDITIONAL SHEETS IF NECESSARY. INSTALLMENT PAYMENTS - -------------------------------------------------------------------------------- TYPE OF PAYMENT AMOUNT POLICY CARRIER PERIOD COVERED & FREQUENCY - -------------------------------------------------------------------------------- Please see Case # 00-42141-BJH-11 - -------------------------------------------------------------------------------- 95 - ----------------------------------------------- CASE NAME: AMERICAN INTERNATIONAL TRAVEL, INC. FOOTNOTES SUPPLEMENT - ----------------------------------------------- CASE NUMBER: 00-42149-BJH-11 ACCRUAL BASIS - ----------------------------------------------- MONTH: May-00 ACCRUAL BASIS LINE FORM NUMBER NUMBER FOOTNOTE / EXPLANATION - ------------------------------------------------------------------------------ 6 All Professional fees related to the Reorganization of the Company are disbursed out of Kitty Hawk, Inc. (Parent Company). Refer to Case # 400-42141 - ------------------------------------------------------------------------------ 7 All insurance plans related to the Company are carried at Kitty Hawk, Inc. (Parent Company). Refer to Case #400-42141. - ------------------------------------------------------------------------------ General This operation closed in May of 2000. Costs incurred during may consisted of costs associated with shut down procedures as well as wrapping up final billings. - ------------------------------------------------------------------------------ 96 CASE NAME: AMERICAN INTERNATIONAL TRAVEL, INC. CASE NUMBER: 00-42149-BJH-11 DETAILS OF OTHER ITEMS ACCRUAL BASIS-1 8. OTHER (ATTACH LIST) ..................... (442,145)Reported ----------------- Intercompany Settlements ........... (1,724) A/R KH International ............... (246,861) CDI Inter-divisional Balancing ..... (196,142) CDI - Debit/Credit Transfer ........ 2,582 ----------------- (442,145)Detail ----------------- - Difference ACCRUAL BASIS-3 8. OTHER (ATTACH LIST) ..................... (67,063)Reported ----------------- Transfer to KH Inc. ................ (67,063)Detail ----------------- - Difference 25. OTHER (ATTACH LIST) .................... 373 Reported ----------------- Bank charges ....................... 373 Detail ----------------- - Difference 97 EX-99.10 11 0011.txt EXHIBIT 99.10 MONTHLY OPERATING REPORT - ------------------------------------------------- CASE NAME: FLIGHT ONE LOGISTICS, INC. ACCRUAL BASIS - ------------------------------------------------- CASE NUMBER: 400-42069-BJH 02/13/95, RWD, 2/96 - ------------------------------------------------- JUDGE: BARBARA J. HOUSER - ------------------------------------------------- UNITED STATES BANKRUPTCY COURT NORTHERN DISTRICT OF TEXAS SIXTH DIVISION MONTHLY OPERATING REPORT MONTH ENDING: MAY 31, 2000 IN ACCORDANCE WITH TITLE 28, SECTION 1746, OF THE UNITED STATES CODE, I DECLARE UNDER PENALTY OF PERJURY THAT I HAVE EXAMINED THE FOLLOWING MONTHLY OPERATING REPORT (ACCRUAL BASIS-1 THROUGH ACCRUAL BASIS-7) AND THE ACCOMPANYING ATTACHMENTS AND, TO THE BEST OF MY KNOWLEDGE, THESE DOCUMENTS ARE TRUE, CORRECT AND COMPLETE. DECLARATION OF THE PREPARER (OTHER THAN RESPONSIBLE PARTY): IS BASED ON ALL INFORMATION OF WHICH PREPARER HAS ANY KNOWLEDGE. RESPONSIBLE PARTY: /s/ DREW KEITH CFO - --------------------------------------- -------------------------------- ORIGINAL SIGNATURE OF RESPONSIBLE PARTY TITLE Drew Keith 7/3/00 - --------------------------------------- -------------------------------- PRINTED NAME OF RESPONSIBLE PARTY DATE PREPARER: /s/ JESSICA L. WILSON Corporate Controller - --------------------------------------- -------------------------------- ORIGINAL SIGNATURE OF PREPARER TITLE Jessica L. Wilson 7/3/00 - --------------------------------------- -------------------------------- PRINTED NAME OF PREPARER DATE 98 MONTHLY OPERATING REPORT - -------------------------------------- CASE NAME: FLIGHT ONE LOGISTICS, INC. ACCRUAL BASIS-1 - -------------------------------------- CASE NUMBER: 400-42069-BJH 02/13/95, RWD, 2/96 - -------------------------------------- COMPARATIVE BALANCE SHEET
- ------------------------------------------------------------------------------------------------------------------ SCHEDULE MONTH MONTH MONTH -------------------------------------------------------- ASSETS AMOUNT MAY-00 - ------------------------------------------------------------------------------------------------------------------ 1. UNRESTRICTED CASH $0 - ------------------------------------------------------------------------------------------------------------------ 2. RESTRICTED CASH $0 - ------------------------------------------------------------------------------------------------------------------ 3. TOTAL CASH $0 $0 $0 $0 - ------------------------------------------------------------------------------------------------------------------ 4. ACCOUNTS RECEIVABLE (NET) $20,742 - ------------------------------------------------------------------------------------------------------------------ 5. INVENTORY $0 - ------------------------------------------------------------------------------------------------------------------ 6. NOTES RECEIVABLE $0 - ------------------------------------------------------------------------------------------------------------------ 7. PREPAID EXPENSES $0 - ------------------------------------------------------------------------------------------------------------------ 8. OTHER (ATTACH LIST) $39,149 $1,474 - ------------------------------------------------------------------------------------------------------------------ 9. TOTAL CURRENT ASSETS $39,149 $22,216 $0 $0 - ------------------------------------------------------------------------------------------------------------------ 10. PROPERTY, PLANT & EQUIPMENT $0 - ------------------------------------------------------------------------------------------------------------------ 11. LESS: ACCUMULATED DEPRECIATION / DEPLETION $0 - ------------------------------------------------------------------------------------------------------------------ 12. NET PROPERTY, PLANT & EQUIPMENT $0 $0 $0 $0 - ------------------------------------------------------------------------------------------------------------------ 13. DUE FROM INSIDERS $0 - ------------------------------------------------------------------------------------------------------------------ 14. OTHER ASSETS - NET OF AMORTIZATION (ATTACH LIST) $0 - ------------------------------------------------------------------------------------------------------------------ 15. OTHER (ATTACH LIST) $0 - ------------------------------------------------------------------------------------------------------------------ 16. TOTAL ASSETS $39,149 $22,216 $0 $0 - ------------------------------------------------------------------------------------------------------------------ POSTPETITION LIABILITIES - ------------------------------------------------------------------------------------------------------------------ 17. ACCOUNTS PAYABLE $0 - ------------------------------------------------------------------------------------------------------------------ 18. TAXES PAYABLE $0 - ------------------------------------------------------------------------------------------------------------------ 19. NOTES PAYABLE $0 - ------------------------------------------------------------------------------------------------------------------ 20. PROFESSIONAL FEES $0 - ------------------------------------------------------------------------------------------------------------------ 21. SECURED DEBT $0 - ------------------------------------------------------------------------------------------------------------------ 22. OTHER (ATTACH LIST) $0 - ------------------------------------------------------------------------------------------------------------------ 23. TOTAL POSTPETITION LIABILITIES $0 $0 $0 - ------------------------------------------------------------------------------------------------------------------ PREPETITION LIABILITIES - ------------------------------------------------------------------------------------------------------------------ 24. SECURED DEBT $0 - ------------------------------------------------------------------------------------------------------------------ 25. PRIORITY DEBT $0 - ------------------------------------------------------------------------------------------------------------------ 26. UNSECURED DEBT ($16,740) - ------------------------------------------------------------------------------------------------------------------ 27. OTHER (ATTACH LIST) $0 - ------------------------------------------------------------------------------------------------------------------ 28. TOTAL PREPETITION LIABILITIES $0 ($16,740) $0 $0 - ------------------------------------------------------------------------------------------------------------------ 29. TOTAL LIABILITIES $0 ($16,740) $0 $0 - ------------------------------------------------------------------------------------------------------------------ EQUITY - ------------------------------------------------------------------------------------------------------------------ 30. PREPETITION OWNERS' EQUITY $38,956 - ------------------------------------------------------------------------------------------------------------------ 31. POSTPETITION CUMULATIVE PROFIT OR (LOSS) - ------------------------------------------------------------------------------------------------------------------ 32. DIRECT CHARGES TO EQUITY (ATTACH EXPLANATION) - ------------------------------------------------------------------------------------------------------------------ 33. TOTAL EQUITY $0 $38,956 $0 $0 - ------------------------------------------------------------------------------------------------------------------ 34. TOTAL LIABILITIES & OWNERS' EQUITY $0 $22,216 $0 $0 - ------------------------------------------------------------------------------------------------------------------
99 MONTHLY OPERATING REPORT CASE NAME: FLIGHT ONE LOGISTICS, INC. ACCRUAL BASIS-2 CASE NUMBER: 400-42069-BJH 02/13/95, RWD, 2/96 INCOME STATEMENT
--------------------------------------------------------------------------------------------------------------------------- MONTH MONTH MONTH ---------------------------------------------------------- QUARTER REVENUES May-00 TOTAL --------------------------------------------------------------------------------------------------------------------------- 1. GROSS REVENUES $0 --------------------------------------------------------------------------------------------------------------------------- 2. LESS: RETURNS & DISCOUNTS $0 --------------------------------------------------------------------------------------------------------------------------- 3. NET REVENUE $0 $0 $0 $0 --------------------------------------------------------------------------------------------------------------------------- COST OF GOODS SOLD --------------------------------------------------------------------------------------------------------------------------- 4. MATERIAL $0 --------------------------------------------------------------------------------------------------------------------------- 5. DIRECT LABOR $0 --------------------------------------------------------------------------------------------------------------------------- 6. DIRECT OVERHEAD $0 --------------------------------------------------------------------------------------------------------------------------- 7. TOTAL COST OF GOODS SOLD $0 $0 $0 $0 --------------------------------------------------------------------------------------------------------------------------- 8. GROSS PROFIT $0 $0 $0 $0 --------------------------------------------------------------------------------------------------------------------------- OPERATING EXPENSES --------------------------------------------------------------------------------------------------------------------------- 9. OFFICER / INSIDER COMPENSATION $0 --------------------------------------------------------------------------------------------------------------------------- 10. SELLING & MARKETING $0 --------------------------------------------------------------------------------------------------------------------------- 11. GENERAL & ADMINISTRATIVE $0 --------------------------------------------------------------------------------------------------------------------------- 12. RENT & LEASE $0 --------------------------------------------------------------------------------------------------------------------------- 13. OTHER (ATTACH LIST) $0 --------------------------------------------------------------------------------------------------------------------------- 14. TOTAL OPERATING EXPENSES $0 $0 $0 $0 --------------------------------------------------------------------------------------------------------------------------- 15. INCOME BEFORE NON-OPERATING INCOME & EXPENSE $0 $0 $0 $0 --------------------------------------------------------------------------------------------------------------------------- OTHER INCOME & EXPENSES --------------------------------------------------------------------------------------------------------------------------- 16. NON-OPERATING INCOME (ATT. LIST) $0 --------------------------------------------------------------------------------------------------------------------------- 17. NON-OPERATING EXPENSE (ATT. LIST) $0 --------------------------------------------------------------------------------------------------------------------------- 18. INTEREST EXPENSE $0 --------------------------------------------------------------------------------------------------------------------------- 19. DEPRECIATION / DEPLETION $0 --------------------------------------------------------------------------------------------------------------------------- 20. AMORTIZATION $0 --------------------------------------------------------------------------------------------------------------------------- 21. OTHER (ATTACH LIST) $0 --------------------------------------------------------------------------------------------------------------------------- 22. NET OTHER INCOME & EXPENSES $0 $0 $0 $0 --------------------------------------------------------------------------------------------------------------------------- REORGANIZATION EXPENSES --------------------------------------------------------------------------------------------------------------------------- 23. PROFESSIONAL FEES $0 --------------------------------------------------------------------------------------------------------------------------- 24. U.S. TRUSTEE FEES $0 --------------------------------------------------------------------------------------------------------------------------- 25. OTHER (ATTACH LIST) $0 --------------------------------------------------------------------------------------------------------------------------- 26. TOTAL REORGANIZATION EXPENSES $0 $0 $0 $0 --------------------------------------------------------------------------------------------------------------------------- 27. INCOME TAX $0 --------------------------------------------------------------------------------------------------------------------------- 28. NET PROFIT (LOSS) $0 $0 $0 $0 ---------------------------------------------------------------------------------------------------------------------------
100 MONTHLY OPERATING REPORT CASE NAME: FLIGHT ONE LOGISTICS, INC. ACCRUAL BASIS-3 CASE NUMBER: 400-42069-BJH 02/13/95, RWD, 2/96
------------------------------------------------------------------------------------------------------------------------- CASH RECEIPTS AND MONTH MONTH MONTH ------------------------------------------------- QUARTER DISBURSEMENTS May-00 TOTAL ------------------------------------------------------------------------------------------------------------------------- 1. CASH - BEGINNING OF MONTH $0 $0 $0 ------------------------------------------------------------------------------------------------------------------------- RECEIPTS FROM OPERATIONS ------------------------------------------------------------------------------------------------------------------------- 2. CASH SALES $0 ------------------------------------------------------------------------------------------------------------------------- COLLECTION OF ACCOUNTS RECEIVABLE ------------------------------------------------------------------------------------------------------------------------- 3. PREPETITION $0 ------------------------------------------------------------------------------------------------------------------------- 4. POSTPETITION $0 ------------------------------------------------------------------------------------------------------------------------- 5. TOTAL OPERATING RECEIPTS $0 $0 $0 $0 ------------------------------------------------------------------------------------------------------------------------- NON - OPERATING RECEIPTS ------------------------------------------------------------------------------------------------------------------------- 6. LOANS & ADVANCES (ATTACH LIST) $0 ------------------------------------------------------------------------------------------------------------------------- 7. SALE OF ASSETS $0 ------------------------------------------------------------------------------------------------------------------------- 8. OTHER (ATTACH LIST) $0 ------------------------------------------------------------------------------------------------------------------------- 9. TOTAL NON-OPERATING RECEIPTS $0 $0 $0 $0 ------------------------------------------------------------------------------------------------------------------------- 10. TOTAL RECEIPTS $0 $0 $0 $0 ------------------------------------------------------------------------------------------------------------------------- 11. TOTAL CASH AVAILABLE $0 $0 $0 $0 ------------------------------------------------------------------------------------------------------------------------- OPERATING DISBURSEMENTS ------------------------------------------------------------------------------------------------------------------------- 12. NET PAYROLL $0 ------------------------------------------------------------------------------------------------------------------------- 13. PAYROLL TAXES PAID $0 ------------------------------------------------------------------------------------------------------------------------- 14. SALES, USE & OTHER TAXES PAID $0 ------------------------------------------------------------------------------------------------------------------------- 15. SECURED / RENTAL / LEASES $0 ------------------------------------------------------------------------------------------------------------------------- 16. UTILITIES $0 ------------------------------------------------------------------------------------------------------------------------- 17. INSURANCE $0 ------------------------------------------------------------------------------------------------------------------------- 18. INVENTORY PURCHASES $0 ------------------------------------------------------------------------------------------------------------------------- 19. VEHICLE EXPENSES $0 ------------------------------------------------------------------------------------------------------------------------- 20. TRAVEL $0 ------------------------------------------------------------------------------------------------------------------------- 21. ENTERTAINMENT $0 ------------------------------------------------------------------------------------------------------------------------- 22. REPAIRS & MAINTENANCE $0 ------------------------------------------------------------------------------------------------------------------------- 23. SUPPLIES $0 ------------------------------------------------------------------------------------------------------------------------- 24. ADVERTISING $0 ------------------------------------------------------------------------------------------------------------------------- 25. OTHER (ATTACH LIST) $0 ------------------------------------------------------------------------------------------------------------------------- 26. TOTAL OPERATING DISBURSEMENTS $0 $0 $0 $0 ------------------------------------------------------------------------------------------------------------------------- REORGANIZATION EXPENSES ------------------------------------------------------------------------------------------------------------------------- 27. PROFESSIONAL FEES $0 ------------------------------------------------------------------------------------------------------------------------- 28. U.S. TRUSTEE FEES $0 ------------------------------------------------------------------------------------------------------------------------- 29. OTHER (ATTACH LIST) $0 ------------------------------------------------------------------------------------------------------------------------- 30. TOTAL REORGANIZATION EXPENSES $0 $0 $0 $0 ------------------------------------------------------------------------------------------------------------------------- 31. TOTAL DISBURSEMENTS $0 $0 $0 $0 ------------------------------------------------------------------------------------------------------------------------- 32. NET CASH FLOW $0 $0 $0 $0 ------------------------------------------------------------------------------------------------------------------------- 33. CASH - END OF MONTH $0 $0 $0 $0 -------------------------------------------------------------------------------------------------------------------------
101 MONTHLY OPERATING REPORT CASE NAME: FLIGHT ONE LOGISTICS, INC. ACCRUAL BASIS-4 CASE NUMBER: 400-42069-BJH 02/13/95, RWD, 2/96
----------------------------------------------------------------------------------------------------------------------------- MONTH MONTH MONTH SCHEDULE ---------------------------------------------- ACCOUNTS RECEIVABLE AGING AMOUNT May-00 ----------------------------------------------------------------------------------------------------------------------------- 1. 0-30 $0 ----------------------------------------------------------------------------------------------------------------------------- 2. 31-60 $0 ----------------------------------------------------------------------------------------------------------------------------- 3. 61-90 $0 ----------------------------------------------------------------------------------------------------------------------------- 4. 91+ $20,742 ----------------------------------------------------------------------------------------------------------------------------- 5. TOTAL ACCOUNTS RECEIVABLE $0 $20,742 $0 $0 ----------------------------------------------------------------------------------------------------------------------------- 6. AMOUNT CONSIDERED UNCOLLECTIBLE $0 ----------------------------------------------------------------------------------------------------------------------------- 7. ACCOUNTS RECEIVABLE (NET) $0 $20,742 $0 $0 ----------------------------------------------------------------------------------------------------------------------------- AGING OF POSTPETITION TAXES AND PAYABLES MONTH: May-00 ----------------------------------------------------------------------------------------------------------------------------- 0-30 31-60 61-90 91+ TAXES PAYABLE DAYS DAYS DAYS DAYS TOTAL ----------------------------------------------------------------------------------------------------------------------------- 1. FEDERAL $0 $0 $0 $0 $0 ----------------------------------------------------------------------------------------------------------------------------- 2. STATE $0 $0 $0 $0 $0 ----------------------------------------------------------------------------------------------------------------------------- 3. LOCAL $0 $0 $0 $0 $0 ----------------------------------------------------------------------------------------------------------------------------- 4. OTHER (ATTACH LIST) $0 $0 $0 $0 $0 ----------------------------------------------------------------------------------------------------------------------------- 5. TOTAL TAXES PAYABLE $0 $0 $0 $0 $0 ----------------------------------------------------------------------------------------------------------------------------- 6. ACCOUNTS PAYABLE $0 $0 $0 $0 $0 ----------------------------------------------------------------------------------------------------------------------------- STATUS OF POSTPETITION TAXES MONTH: May-00 ----------------------------------------------------------------------------------------------------------------------------- BEGINNING AMOUNT ENDING TAX WITHHELD AND/ AMOUNT TAX FEDERAL LIABILITY* 0R ACCRUED PAID LIABILITY ----------------------------------------------------------------------------------------------------------------------------- 1. WITHHOLDING** $0 $0 $0 $0 ----------------------------------------------------------------------------------------------------------------------------- 2. FICA-EMPLOYEE** $0 $0 $0 $0 ----------------------------------------------------------------------------------------------------------------------------- 3. FICA-EMPLOYER** $0 $0 $0 $0 ----------------------------------------------------------------------------------------------------------------------------- 4. UNEMPLOYMENT $0 $0 $0 $0 ----------------------------------------------------------------------------------------------------------------------------- 5. INCOME $0 $0 $0 $0 ----------------------------------------------------------------------------------------------------------------------------- 6. OTHER (ATTACH LIST) $0 $0 $0 $0 ----------------------------------------------------------------------------------------------------------------------------- 7. TOTAL FEDERAL TAXES $0 $0 $0 $0 ----------------------------------------------------------------------------------------------------------------------------- STATE AND LOCAL ----------------------------------------------------------------------------------------------------------------------------- 8. WITHHOLDING $0 $0 $0 $0 ----------------------------------------------------------------------------------------------------------------------------- 9. SALES $0 $0 $0 $0 ----------------------------------------------------------------------------------------------------------------------------- 10. EXCISE $0 $0 $0 $0 ----------------------------------------------------------------------------------------------------------------------------- 11. UNEMPLOYMENT $0 $0 $0 $0 ----------------------------------------------------------------------------------------------------------------------------- 12. REAL PROPERTY $0 $0 $0 $0 ----------------------------------------------------------------------------------------------------------------------------- 13. PERSONAL PROPERTY $0 $0 $0 $0 ----------------------------------------------------------------------------------------------------------------------------- 14. OTHER (ATTACH LIST) $0 $0 $0 $0 ----------------------------------------------------------------------------------------------------------------------------- 15. TOTAL STATE & LOCAL $0 $0 $0 $0 ----------------------------------------------------------------------------------------------------------------------------- 16. TOTAL TAXES $0 $0 $0 $0 -----------------------------------------------------------------------------------------------------------------------------
* The beginning tax liability should represent the liability from the prior month or, if this is the first operating report, the amount should be zero. ** Attach photocopies of IRS Form 6123 or your FTD coupon and payment receipt to verify payment or deposit. 102 MONTHLY OPERATING REPORT CASE NAME: FLIGHT ONE LOGISTICS, INC. ACCRUAL BASIS-5 CASE NUMBER: 400-42069-BJH 02/13/95, RWD, 2/96 The debtor in possession must complete the reconciliation below for each bank account, including all general, payroll and tax accounts, as well as all savings and investment accounts, money market accounts, certificates of deposit, government obligations, etc. Accounts with restricted fundsshould be identified by placing an asterisk next to the account number. Attach additional sheets if necessary.
MONTH: May-00 ------------------------------------------------------------------------------------------------------------------- BANK RECONCILIATIONS Account #1 Account #2 Account #3 ------------------------------------------------------------------------------------------------------------------- A. BANK: N/A -------------------------------------------------------------------------------------------------- B. ACCOUNT NUMBER: N/A TOTAL --------------------------------------------------------------------------------------------------- C. PURPOSE (TYPE): N/A ------------------------------------------------------------------------------------------------------------------- 1. BALANCE PER BANK STATEMENT $0 ------------------------------------------------------------------------------------------------------------------- 2. ADD: TOTAL DEPOSITS NOT CREDITED $0 ------------------------------------------------------------------------------------------------------------------- 3. SUBTRACT: OUTSTANDING CHECKS $0 ------------------------------------------------------------------------------------------------------------------- 4. OTHER RECONCILING ITEMS $0 ------------------------------------------------------------------------------------------------------------------- 5. MONTH END BALANCE PER BOOKS $0 $0 $0 $0 ------------------------------------------------------------------------------------------------------------------- 6. NUMBER OF LAST CHECK WRITTEN ------------------------------------------------------------------------------------------------------------------- INVESTMENT ACCOUNTS ------------------------------------------------------------------------------------------------------------------- DATE OF TYPE OF PURCHASE CURRENT BANK, ACCOUNT NAME & NUMBER PURCHASE INSTRUMENT PRICE VALUE ------------------------------------------------------------------------------------------------------------------- 7. N/A ------------------------------------------------------------------------------------------------------------------- 8. N/A ------------------------------------------------------------------------------------------------------------------- 9. N/A ------------------------------------------------------------------------------------------------------------------- 10. N/A ------------------------------------------------------------------------------------------------------------------- 11. TOTAL INVESTMENTS $0 $0 ------------------------------------------------------------------------------------------------------------------- CASH ------------------------------------------------------------------------------------------------------------------- 12. CURRENCY ON HAND $0 ------------------------------------------------------------------------------------------------------------------- 13. TOTAL CASH - END OFMONTH $0 -------------------------------------------------------------------------------------------------------------------
103 MONTHLY OPERATING REPORT CASE NAME: FLIGHT ONE LOGISTICS, INC. ACCRUAL BASIS-6 CASE NUMBER: 400-42069-BJH 02/13/95, RWD, 2/96 MONTH: May-00 ---------------------------------------------------------- PAYMENTS TO INSIDERS AND PROFESSIONALS ---------------------------------------------------------- OF THE TOTAL DISBURSEMENTS SHOWN FOR THE MONTH, LIST THE AMOUNT PAID TO INSIDERS (AS DEFINED IN SECTION 101 (31) (A)-(F) OF THE U.S. BANKRUPTCY CODE) AND TO PROFESSIONALS. ALSO, FOR PAYMENTS TO INSIDERS, IDENTIFY THE TYPE OF COMPENSATION PAID (e.g. SALARY, BONUS, COMMISSIONS, INSURANCE, HOUSING ALLOWANCE, TRAVEL, CAR ALLOWANCE, ETC.). ATTACH ADDITIONAL SHEETS IF NECESSARY. ------------------------------------------------------------------------ INSIDERS ------------------------------------------------------------------------ TYPE OF AMOUNT TOTAL PAID NAME PAYMENT PAID TO DATE ------------------------------------------------------------------------ 1. N/A ------------------------------------------------------------------------ 2. N/A ------------------------------------------------------------------------ 3. N/A ------------------------------------------------------------------------ 4. N/A ------------------------------------------------------------------------ 5. N/A ------------------------------------------------------------------------ 6. TOTAL PAYMENTS TO INSIDERS $0 $0 ------------------------------------------------------------------------
---------------------------------------------------------------------------------------------------- PROFESSIONALS ---------------------------------------------------------------------------------------------------- DATE OF COURT TOTAL ORDER AUTHORIZING AMOUNT AMOUNT TOTAL PAID INCURRED NAME PAYMENT APPROVED PAID TO DATE & UNPAID * ---------------------------------------------------------------------------------------------------- 1. N/A ---------------------------------------------------------------------------------------------------- 2. N/A ---------------------------------------------------------------------------------------------------- 3. N/A ---------------------------------------------------------------------------------------------------- 4. N/A ---------------------------------------------------------------------------------------------------- 5. N/A ---------------------------------------------------------------------------------------------------- 6. TOTAL PAYMENTS TO PROFESSIONALS $0 $0 $0 $0 ----------------------------------------------------------------------------------------------------
* INCLUDE ALL FEES INCURRED, BOTH APPROVED AND UNAPPROVED --------------------------------------------------------------------------- POSTPETITION STATUS OF SECURED NOTES, LEASES PAYABLE AND ADEQUATE PROTECTION PAYMENTS --------------------------------------------------------------------------- --------------------------------------------------------------------------- SCHEDULED AMOUNTS MONTHLY PAID TOTAL PAYMENTS DURING UNPAID NAME OF CREDITOR DUE MONTH POSTPETITION --------------------------------------------------------------------------- 1. N/A --------------------------------------------------------------------------- 2. N/A --------------------------------------------------------------------------- 3. N/A --------------------------------------------------------------------------- 4. N/A --------------------------------------------------------------------------- 5. N/A --------------------------------------------------------------------------- 6. TOTAL $0 $0 $0 --------------------------------------------------------------------------- 104 MONTHLY OPERATING REPORT CASE NAME: FLIGHT ONE LOGISTICS, INC. ACCRUAL BASIS-7 CASE NUMBER: 400-42069-BJH 02/13/95, RWD, 2/96 MONTH: May-00
QUESTIONNAIRE -------------------------------------------------------------------------------------------------------------------------- YES NO -------------------------------------------------------------------------------------------------------------------------- 1. HAVE ANY ASSETS BEEN SOLD OR TRANSFERRED OUTSIDE THE NORMAL COURSE OF BUSINESS THIS REPORTING PERIOD? X -------------------------------------------------------------------------------------------------------------------------- 2. HAVE ANY FUNDS BEEN DISBURSED FROM ANY ACCOUNT OTHER THAN A DEBTOR IN POSSESSION ACCOUNT? X -------------------------------------------------------------------------------------------------------------------------- 3. ARE ANY POSTPETITION RECEIVABLES (ACCOUNTS, NOTES, OR LOANS) DUE FROM RELATED PARTIES? X -------------------------------------------------------------------------------------------------------------------------- 4. HAVE ANY PAYMENTS BEEN MADE ON PREPETITION LIABILITIES THIS REPORTING PERIOD? X -------------------------------------------------------------------------------------------------------------------------- 5. HAVE ANY POSTPETITION LOANS BEEN RECEIVED BY THE DEBTOR FROM ANY PARTY? X -------------------------------------------------------------------------------------------------------------------------- 6. ARE ANY POSTPETITION PAYROLL TAXES PAST DUE? X -------------------------------------------------------------------------------------------------------------------------- 7. ARE ANY POSTPETITION STATE OR FEDERAL INCOME TAXES PAST DUE? X -------------------------------------------------------------------------------------------------------------------------- 8. ARE ANY POSTPETITION REAL ESTATE TAXES PAST DUE? X -------------------------------------------------------------------------------------------------------------------------- 9. ARE ANY OTHER POSTPETITION TAXES PAST DUE? X -------------------------------------------------------------------------------------------------------------------------- 10. ARE ANY AMOUNTS OWED TO POSTPETITION CREDITORS DELINQUENT? X -------------------------------------------------------------------------------------------------------------------------- 11. HAVE ANY PREPETITION TAXES BEEN PAID DURING THE REPORTING PERIOD? X -------------------------------------------------------------------------------------------------------------------------- 12. ARE ANY WAGE PAYMENTS PAST DUE? X -------------------------------------------------------------------------------------------------------------------------- IF THE ANSWER TO ANY OF THE ABOVE QUESTIONS IS "YES," PROVIDE A DETAILED EXPLANATION OF EACH ITEM. ATTACH ADDITIONAL SHEETS IF NECESSARY. ---------------------------------- INSURANCE -------------------------------------------------------------------------------------------------------------------------- YES NO -------------------------------------------------------------------------------------------------------------------------- 1. ARE WORKER'S COMPENSATION, GENERAL LIABILITY AND OTHER NECESSARY INSURANCE COVERAGES IN EFFECT? X -------------------------------------------------------------------------------------------------------------------------- 2. ARE ALL PREMIUM PAYMENTS PAID CURRENT? X -------------------------------------------------------------------------------------------------------------------------- 3. PLEASE ITEMIZE POLICIES BELOW. -------------------------------------------------------------------------------------------------------------------------- IF THE ANSWER TO ANY OF THE ABOVE QUESTIONS IS "NO," OR IF ANY POLICIES HAVE BEEN CANCELLED OR NOT RENEWED DURING THIS REPORTING PERIOD, PROVIDE AN EXPLANATION BELOW. ATTACH ADDITIONAL SHEETS IF NECESSARY. This is a non-operating entity. There are no assets or employees with which to cover with insurance. -------------------------------------------------------------------------------------------------------------------------- INSTALLMENT PAYMENTS -------------------------------------------------------------------------------------------------------------------------- TYPE OF PAYMENT AMOUNT POLICY CARRIER PERIOD COVERED & FREQUENCY -------------------------------------------------------------------------------------------------------------------------- N/A -------------------------------------------------------------------------------------------------------------------------- N/A -------------------------------------------------------------------------------------------------------------------------- N/A -------------------------------------------------------------------------------------------------------------------------- N/A -------------------------------------------------------------------------------------------------------------------------- N/A -------------------------------------------------------------------------------------------------------------------------- N/A --------------------------------------------------------------------------------------------------------------------------
105 CASE NAME: FLIGHT ONE LOGISTICS, INC. FOOTNOTES SUPPLEMENT CASE NUMBER: 400-42069-BJH ACCRUAL BASIS MONTH: May-00
--------------------------------------------------------------------------------------- ACCRUAL BASIS LINE FORM NUMBER NUMBER FOOTNOTE / EXPLANATION --------------------------------------------------------------------------------------- 6 All Professional fees related to the Reorganization of the Company are disbursed out of Kitty Hawk, Inc. (Parent Company). Refer to Case # 400-42141 --------------------------------------------------------------------------------------- --------------------------------------------------------------------------------------- General This is a non-operating Company. --------------------------------------------------------------------------------------- --------------------------------------------------------------------------------------- 4 6 All assessment of uncollectible accounts receivable are done at Kitty Hawk, Inc. Refer to Case #400-4214. All reserves are recorded at Inc. and pushed down to Inc.'s subsidiaries as deemed necessary. --------------------------------------------------------------------------------------- --------------------------------------------------------------------------------------- --------------------------------------------------------------------------------------- --------------------------------------------------------------------------------------- --------------------------------------------------------------------------------------- ---------------------------------------------------------------------------------------
106 CASE NAME: FLIGHT ONE LOGISTICS, INC. CASE NUMBER: 00-42069-BJH DETAILS OF OTHER ITEMS ACCRUAL BASIS-1 8. OTHER (ATTACH LIST) $ 1,474 Reported ----------------------- Intercompany Receivables 1,474 Detail ----------------------- - Difference 107 -----END PRIVACY-ENHANCED MESSAGE-----