EX-99.5 6 0006.txt EXHIBIT 99.5 EXHIBIT 99.5 MONTHLY OPERATING REPORT CASE NAME: KITTY HAWK CARGO, INC. ACCRUAL BASIS CASE NUMBER: 400-42145-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: JULY 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: CHIEF FINANCIAL OFFICER --------------------------------------- --------------------------- ORIGINAL SIGNATURE OF RESPONSIBLE PARTY TITLE DREW KEITH 08/16/00 --------------------------------------- --------------------------- PRINTED NAME OF RESPONSIBLE PARTY DATE PREPARER: CONTROLLER, KITTY HAWK INC. --------------------------------------- --------------------------- ORIGINAL SIGNATURE OF PREPARER TITLE KEVIN K. CRAIG 08/16/00 --------------------------------------- --------------------------- PRINTED NAME OF PREPARER DATE MONTHLY OPERATING REPORT CASE NAME: KITTY HAWK CARGO, INC ACCRUAL BASIS-1 CASE NUMBER: 400-42145-BJH-11 02/13/95, RWD, 2/96
COMPARATIVE BALANCE SHEET --------------------------------------------------------------------------------------------------------------------- SCHEDULE MONTH MONTH MONTH --------------------------------------------------------- ASSETS AMOUNT JULY, 2000 --------------------------------------------------------------------------------------------------------------------- 1. UNRESTRICTED CASH $24,818 --------------------------------------------------------------------------------------------------------------------- 2. RESTRICTED CASH $0 --------------------------------------------------------------------------------------------------------------------- 3. TOTAL CASH $0 $24,818 $0 $0 --------------------------------------------------------------------------------------------------------------------- 4. ACCOUNTS RECEIVABLE (NET) $41,314,895 $39,582,675 --------------------------------------------------------------------------------------------------------------------- 5. INVENTORY $0 --------------------------------------------------------------------------------------------------------------------- 6. NOTES RECEIVABLE $0 --------------------------------------------------------------------------------------------------------------------- 7. PREPAID EXPENSES $35,445 $35,445 --------------------------------------------------------------------------------------------------------------------- 8. OTHER (ATTACH LIST) $102,257,281 $34,081,081 --------------------------------------------------------------------------------------------------------------------- 9. TOTAL CURRENT ASSETS $143,607,621 $73,724,019 $0 $0 --------------------------------------------------------------------------------------------------------------------- 10. PROPERTY, PLANT & EQUIPMENT $2,455,211 $4,328,546 --------------------------------------------------------------------------------------------------------------------- 11. LESS: ACCUMULATED DEPRECIATION/DEPLETION $1,991,045 --------------------------------------------------------------------------------------------------------------------- 12. NET PROPERTY, PLANT & EQUIPMENT $2,455,211 $2,337,501 $0 $0 --------------------------------------------------------------------------------------------------------------------- 13. DUE FROM INSIDERS $0 $0 --------------------------------------------------------------------------------------------------------------------- 14. OTHER ASSETS - NET OF AMORTIZATION (ATTACH LIST) $0 --------------------------------------------------------------------------------------------------------------------- 15. OTHER (ATTACH LIST) $0 --------------------------------------------------------------------------------------------------------------------- 16. TOTAL ASSETS $146,062,832 $76,061,520 $0 $0 --------------------------------------------------------------------------------------------------------------------- POSTPETITION LIABILITIES --------------------------------------------------------------------------------------------------------------------- 17. ACCOUNTS PAYABLE $1,168,157 --------------------------------------------------------------------------------------------------------------------- 18. TAXES PAYABLE $0 --------------------------------------------------------------------------------------------------------------------- 19. NOTES PAYABLE $0 --------------------------------------------------------------------------------------------------------------------- 20. PROFESSIONAL FEES $0 --------------------------------------------------------------------------------------------------------------------- 21. SECURED DEBT $0 --------------------------------------------------------------------------------------------------------------------- 22. OTHER (ATTACH LIST) $1,856,635 --------------------------------------------------------------------------------------------------------------------- 23. TOTAL POSTPETITION LIABILITIES $3,024,792 $0 $0 --------------------------------------------------------------------------------------------------------------------- PREPETITION LIABILITIES --------------------------------------------------------------------------------------------------------------------- 24. SECURED DEBT $0 --------------------------------------------------------------------------------------------------------------------- 25. PRIORITY DEBT $496,687 $0 --------------------------------------------------------------------------------------------------------------------- 26. UNSECURED DEBT $78,864,376 $4,826,735 --------------------------------------------------------------------------------------------------------------------- 27. OTHER (ATTACH LIST) $5,917,795 --------------------------------------------------------------------------------------------------------------------- 28. TOTAL PREPETITION LIABILITIES $79,361,063 $10,744,530 $0 $0 --------------------------------------------------------------------------------------------------------------------- 29. TOTAL LIABILITIES $79,361,063 $13,769,322 $0 $0 --------------------------------------------------------------------------------------------------------------------- EQUITY --------------------------------------------------------------------------------------------------------------------- 30. PREPETITION OWNERS' EQUITY $62,156,580 --------------------------------------------------------------------------------------------------------------------- 31. POSTPETITION CUMULATIVE PROFIT OR (LOSS) $135,618 --------------------------------------------------------------------------------------------------------------------- 32. DIRECT CHARGES TO EQUITY (ATTACH EXPLANATION) $0 $0 --------------------------------------------------------------------------------------------------------------------- 33. TOTAL EQUITY $0 $62,292,198 $0 $0 --------------------------------------------------------------------------------------------------------------------- 34. TOTAL LIABILITIES & OWNERS' EQUITY $79,361,063 $76,061,520 $0 $0 ---------------------------------------------------------------------------------------------------------------------
MONTHLY OPERATING REPORT CASE NAME: KITTY HAWK CARGO, INC ACCRUAL BASIS-2 CASE NUMBER: 400-42145-BJH-11 02/13/95, RWD, 2/96
INCOME STATEMENT ------------------------------------------------------------------------------------------------------------------ MONTH MONTH MONTH QUARTER ------------------------------------------------ REVENUES JULY, 2000 TOTAL ------------------------------------------------------------------------------------------------------------------ 1. GROSS REVENUES $12,444,119 $12,444,119 ------------------------------------------------------------------------------------------------------------------ 2. LESS: RETURNS & DISCOUNTS $0 $0 ------------------------------------------------------------------------------------------------------------------ 3. NET REVENUE $12,444,119 $0 $0 $12,444,119 ------------------------------------------------------------------------------------------------------------------ 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 ------------------------------------------------------------------------------------------------------------------ 8. GROSS PROFIT $12,444,119 $0 $0 $12,444,119 ------------------------------------------------------------------------------------------------------------------ OPERATING EXPENSES ------------------------------------------------------------------------------------------------------------------ 9. OFFICER/INSIDER COMPENSATION $9,615 $9,615 ------------------------------------------------------------------------------------------------------------------ 10. SELLING & MARKETING $5,475 $5,475 ------------------------------------------------------------------------------------------------------------------ 11. GENERAL & ADMINISTRATIVE $916,978 $916,978 ------------------------------------------------------------------------------------------------------------------ 12. RENT & LEASE $314,899 $314,899 ------------------------------------------------------------------------------------------------------------------ 13. OTHER (ATTACH LIST) $11,500,459 $11,500,459 ------------------------------------------------------------------------------------------------------------------ 14. TOTAL OPERATING EXPENSES $12,747,426 $0 $0 $12,747,426 ------------------------------------------------------------------------------------------------------------------ 15. INCOME BEFORE NON-OPERATING INCOME & EXPENSE ($303,307) $0 $0 ($303,307) ------------------------------------------------------------------------------------------------------------------ OTHER INCOME & EXPENSES ------------------------------------------------------------------------------------------------------------------ 16. NON-OPERATING INCOME (ATT. LIST) $0 $0 ------------------------------------------------------------------------------------------------------------------ 17. NON-OPERATING EXPENSE (ATT. LIST) $0 $0 ------------------------------------------------------------------------------------------------------------------ 18. INTEREST EXPENSE $202,131 $202,131 ------------------------------------------------------------------------------------------------------------------ 19. DEPRECIATION/DEPLETION $44,816 $44,816 ------------------------------------------------------------------------------------------------------------------ 20. AMORTIZATION $0 $0 ------------------------------------------------------------------------------------------------------------------ 21. OTHER (ATTACH LIST) $0 $0 ------------------------------------------------------------------------------------------------------------------ 22. NET OTHER INCOME & EXPENSES $246,947 $0 $0 $246,947 ------------------------------------------------------------------------------------------------------------------ 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 ($220,102) ($220,102) ------------------------------------------------------------------------------------------------------------------ 28. NET PROFIT (LOSS) ($330,152) $0 $0 ($330,152) ------------------------------------------------------------------------------------------------------------------
MONTHLY OPERATING REPORT CASE NAME: KITTY HAWK CARGO, INC ACCRUAL BASIS-3 CASE NUMBER: 400-42145-BJH-11 02/13/95, RWD, 2/96
--------------------------------------------------------------------------------------------------------------------------- CASH RECEIPTS AND MONTH MONTH MONTH QUARTER ---------------------------------------------------- DISBURSEMENTS JULY, 2000 TOTAL --------------------------------------------------------------------------------------------------------------------------- 1. CASH - BEGINNING OF MONTH $25,340 $24,819 $24,819 $25,340 --------------------------------------------------------------------------------------------------------------------------- RECEIPTS FROM OPERATIONS --------------------------------------------------------------------------------------------------------------------------- 2. CASH SALES $0 $0 --------------------------------------------------------------------------------------------------------------------------- COLLECTION OF ACCOUNTS RECEIVABLE --------------------------------------------------------------------------------------------------------------------------- 3. PREPETITION $0 $0 --------------------------------------------------------------------------------------------------------------------------- 4. POSTPETITION $10,340,192 $10,340,192 --------------------------------------------------------------------------------------------------------------------------- 5. TOTAL OPERATING RECEIPTS $10,340,192 $0 $0 $10,340,192 --------------------------------------------------------------------------------------------------------------------------- NON - OPERATING RECEIPTS --------------------------------------------------------------------------------------------------------------------------- 6. LOANS & ADVANCES (ATTACH LIST) $0 --------------------------------------------------------------------------------------------------------------------------- 7. SALE OF ASSETS $0 --------------------------------------------------------------------------------------------------------------------------- 8. OTHER (ATTACH LIST) ($10,340,713) ($10,340,713) --------------------------------------------------------------------------------------------------------------------------- 9. TOTAL NON-OPERATING RECEIPTS ($10,340,713) $0 $0 ($10,340,713) --------------------------------------------------------------------------------------------------------------------------- 10. TOTAL RECEIPTS ($521) $0 $0 ($521) --------------------------------------------------------------------------------------------------------------------------- 11. TOTAL CASH AVAILABLE $24,819 $24,819 $24,819 $24,819 --------------------------------------------------------------------------------------------------------------------------- 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 ($521) $0 $0 ($521) --------------------------------------------------------------------------------------------------------------------------- 33. CASH - END OF MONTH $24,819 $24,819 $24,819 $24,819 ---------------------------------------------------------------------------------------------------------------------------
MONTHLY OPERATING REPORT CASE NAME: KITTY HAWK CARGO, INC ACCRUAL BASIS-4 CASE NUMBER: 400-42145-BJH-11 02/13/95, RWD, 2/96
-------------------------------------------------------------------------------------------------------------------- SCHEDULE MONTH MONTH MONTH ----------------------------------------------- ACCOUNTS RECEIVABLE AGING AMOUNT JULY, 2000 -------------------------------------------------------------------------------------------------------------------- 1. 0-30 $21,518,319 $19,803,585 -------------------------------------------------------------------------------------------------------------------- 2. 31-60 $14,127,296 $1,125,716 -------------------------------------------------------------------------------------------------------------------- 3. 61-90 $2,070,404 $5,829,037 -------------------------------------------------------------------------------------------------------------------- 4. 91+ $3,598,876 $5,403,529 -------------------------------------------------------------------------------------------------------------------- 5. TOTAL ACCOUNTS RECEIVABLE $41,314,895 $32,161,867 $0 $0 -------------------------------------------------------------------------------------------------------------------- 6. AMOUNT CONSIDERED UNCOLLECTIBLE $0 -------------------------------------------------------------------------------------------------------------------- 7. ACCOUNTS RECEIVABLE (NET) $41,314,895 $32,161,867 $0 $0 -------------------------------------------------------------------------------------------------------------------- AGING OF POSTPETITION TAXES AND PAYABLES MONTH: JULY, 2000 -------------------------------------------------------------------------------------------------------------------- 0-30 31-60 61-90 91+ TAXES PAYABLE DAYS DAYS DAYS DAYS TOTAL -------------------------------------------------------------------------------------------------------------------- 1. FEDERAL $748,852 $748,852 -------------------------------------------------------------------------------------------------------------------- 2. STATE $0 -------------------------------------------------------------------------------------------------------------------- 3. LOCAL $0 -------------------------------------------------------------------------------------------------------------------- 4. OTHER (ATTACH LIST) $0 -------------------------------------------------------------------------------------------------------------------- 5. TOTAL TAXES PAYABLE $748,852 $0 $0 $0 $748,852 -------------------------------------------------------------------------------------------------------------------- 6. ACCOUNTS PAYABLE $935,293 $99,607 $133,257 $1,168,157 -------------------------------------------------------------------------------------------------------------------- STATUS OF POSTPETITION TAXES MONTH: JULY, 2000 -------------------------------------------------------------------------------------------------------------------- BEGINNING AMOUNT ENDING TAX WITHHELD AND/ AMOUNT TAX FEDERAL LIABILITY* 0R ACCRUED PAID LIABILITY -------------------------------------------------------------------------------------------------------------------- 1. WITHHOLDING** $0 $199,581 $199,581 $0 -------------------------------------------------------------------------------------------------------------------- 2. FICA-EMPLOYEE** $0 $0 -------------------------------------------------------------------------------------------------------------------- 3. FICA-EMPLOYER** $0 $0 -------------------------------------------------------------------------------------------------------------------- 4. UNEMPLOYMENT $0 $0 -------------------------------------------------------------------------------------------------------------------- 5. INCOME $0 $0 -------------------------------------------------------------------------------------------------------------------- 6. OTHER (ATTACH LIST) $480,418 $748,852 $480,418 $748,852 -------------------------------------------------------------------------------------------------------------------- 7. TOTAL FEDERAL TAXES $480,418 $948,433 $679,999 $748,852 -------------------------------------------------------------------------------------------------------------------- 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 $480,418 $948,433 $679,999 $748,852 --------------------------------------------------------------------------------------------------------------------
* 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. MONTHLY OPERATING REPORT CASE NAME: KITTY HAWK CARGO, INC ACCRUAL BASIS-5 CASE NUMBER: 400-42145-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.
BANK RECONCILIATIONS MONTH: JULY, 2000 ------------------------------------------------------------------------------------------------------------ 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 $24,819 ------------------------------------------------------------------------------------------------------------ 13. TOTAL CASH - END OF MONTH $24,819 ------------------------------------------------------------------------------------------------------------
MONTHLY OPERATING REPORT CASE NAME: KITTY HAWK CARGO, INC ACCRUAL BASIS-6 CASE NUMBER: 400-42145-BJH-11 02/13/95, RWD, 2/96 MONTH: JULY, 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 $9,615 $28,846 -------------------------------------------------------------------------------- 2. -------------------------------------------------------------------------------- 3. -------------------------------------------------------------------------------- 4. -------------------------------------------------------------------------------- 5. -------------------------------------------------------------------------------- 6. TOTAL PAYMENTS TO INSIDERS $9,615 $28,846 --------------------------------------------------------------------------------
-------------------------------------------------------------------------------------------------------------- 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. National City Bank & Ft Wayne - Allen County $183,476 $220,755 $0 -------------------------------------------------------------------------------------------------- 2. Ridgely - City of Philadelphia - PHL $25,508 $36,186 $0 -------------------------------------------------------------------------------------------------- 3. NY/NJ Airport Authority - EWR $27,792 $27,362 $0 -------------------------------------------------------------------------------------------------- 4. City of Los Angeles - LAX $39,562 $39,562 $0 -------------------------------------------------------------------------------------------------- 5. Airport Group Int'l - ATL $11,550 $0 $11,550 -------------------------------------------------------------------------------------------------- 6. TOTAL $287,889 $323,865 $11,550 --------------------------------------------------------------------------------------------------
MONTHLY OPERATING REPORT CASE NAME: KITTY HAWK CARGO, INC ACCRUAL BASIS-7 CASE NUMBER: 400-42145-BJH-11 02/13/95, RWD, 2/96 MONTH: July 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? 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 ------------------------------------------------------------------------------------------------------- ------------------------------------------------------------------------------------------------------- ------------------------------------------------------------------------------------------------------- ------------------------------------------------------------------------------------------------------- ------------------------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------------------------
CASE NAME: KITTY HAWK CARGO, INC CASE NUMBER: 400-42145-BJH-11 DETAILS OF OTHER ITEMS JULY, 2000 ACCRUAL BASIS-1 8. OTHER (ATTACH LIST) $ 34,081,081 Reported ----------------------- Net of all I/C Accts Receivable/Payable 33,875,067 Intangibles - Other 154,458 Deposits 51,556 ----------------------- 34,081,081 Detail ----------------------- - Difference ----------------------- 22. OTHER (ATTACH LIST) $ 1,856,635 Reported ----------------------- Accrued Liabilities 853,180 Accrued Salaries & PR Taxes 232,801 Post-petition Fed Inc Tax 770,654 ----------------------- 1,856,635 Detail ----------------------- - Difference ----------------------- 27. OTHER (ATTACH LIST) $ 5,917,795 Reported ----------------------- Pre-petition Fed Inc Tax 4,022,982 Pre-petition Deposits 479,840 Pre-petition Taxes Other (36,000) Pre-petition Accrued Liabilities 1,450,973 ----------------------- 5,917,795 Detail ----------------------- - Difference ----------------------- ACCRUAL BASIS-2 13. OTHER (ATTACH LIST) $11,500,459 Reported ----------------------- Aircraft Costs 1,588,099 I/C Aircraft Costs (KHA) 5,011,185 KHC Ground Handling (Operations Payroll) 662,961 Outstation Ground Handling 1,217,366 Trucking Costs 372,480 Fuel 2,244,402 Contract Labor 195,498 Other 208,468 ----------------------- 11,500,459 Detail ----------------------- - Difference CASE NAME: KITTY HAWK CARGO, INC CASE NUMBER: 400-42145-BJH-11 DETAILS OF OTHER ITEMS JULY, 2000 ACCRUAL BASIS-3 8. OTHER (ATTACH LIST) (10,340,713)Reported ----------------------- Transfer to Inc - all money sweeps (10,340,713)Detail ----------------------- to KH Inc. Case #400-42141 - Difference ----------------------- ACCRUAL BASIS-4 6. OTHER (ATTACH LIST) 1,229,270 Reported ----------------------- FET (720) 06/16-30/00 Pd 07/03 480,418 FET (720) 07/01-31/00 Pd 08/02 748,852 ----------------------- 1,229,270 Detail ----------------------- - Difference -----------------------