-----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, OI8VBC6a+GIIQPf/OlOXEsVajCP3gwCNi8p3Y/dOV19q1egu/8lKHOH6QMI7avlo 7R9H2A60Yzj1xafdEQgotw== /in/edgar/work/20000824/0000890566-00-001345/0000890566-00-001345.txt : 20000922 0000890566-00-001345.hdr.sgml : 20000922 ACCESSION NUMBER: 0000890566-00-001345 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 11 CONFORMED PERIOD OF REPORT: 20000821 ITEM INFORMATION: ITEM INFORMATION: FILED AS OF DATE: 20000824 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: 709007 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): August 21, 2000 KITTY HAWK, INC. (Exact name of registrant as specified in charter) Delaware 0-25202 75-2564006 (State or other (Commission File Number) (IRS Employer jurisdiction of Identification No.) incorporation) 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 July 31, 2000 that the Company filed with the United States Bankruptcy Court for Northern District of Texas, Fort Worth Division on August 21, 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 July 31, 2000 (1) 99.2 Monthly Operating Report for Kitty Hawk Aircargo, Inc. for the Period Ended July 31, 2000 (1) 99.3 Monthly Operating Report for Kitty Hawk Charters, Inc. for the Period Ended July 31, 2000 (1) 99.4 Monthly Operating Report for Kitty Hawk International, Inc. for the Period Ended July 31, 2000 (1) 99.5 Monthly Operating Report for Kitty Hawk Cargo, Inc. for the Period Ended July 31, 2000 (1) 99.6 Monthly Operating Report for O.K. Turbines, Inc. for the Period Ended July 31, 2000 (1) 99.7 Monthly Operating Report for Longhorn Solutions, Inc. for the Period Ended July 31, 2000 (1) 99.8 Monthly Operating Report for Aircraft Leasing, Inc. for the Period Ended July 31, 2000 (1) 99.9 Monthly Operating Report for American International Travel, Inc. for the Period Ended July 31, 2000 (1) 99.10 Monthly Operating Report for Flight One Logistics, Inc. for the Period Ended July 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. 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: August ____, 2000 By: /s/ TILMON J. REEVES ------------------------------------- Name: Tilmon J. Reeves Title: Chairman of the Board and Chief Executive Officer EXHIBIT INDEX EXHIBIT NUMBER DESCRIPTION 99.1 Monthly Operating Report for Kitty Hawk, Inc. for the Period Ended July 31, 2000 99.2 Monthly Operating Report for Kitty Hawk Aircargo, Inc. for the Period Ended July 31, 2000 99.3 Monthly Operating Report for Kitty Hawk Charters Inc. for the Period Ended July 31, 2000 99.4 Monthly Operating Report for Kitty Hawk International Inc. for the Period Ended July 31, 2000 99.5 Monthly Operating Report for Kitty Hawk Cargo, Inc. for the Period Ended July 31, 2000 99.6 Monthly Operating Report for OK Turbines, Inc. for the Period Ended July 31, 2000 99.7 Monthly Operating Report for Longhorn Solutions, Inc. for the Period Ended July 31, 2000 99.8 Monthly Operating Report for Aircraft Leasing, Inc. for the Period Ended July 31, 2000 99.9 Monthly Operating Report for American International Travel, Inc. for the Period Ended July 31, 2000 99.10 Monthly Operating Report for Flight One Logistics, Inc. for the Period Ended July 31, 2000 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: 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: CFO - ---------------------------------------- ----------------------------- ORIGINAL SIGNATURE OF RESPONSIBLE PARTY TITLE Drew Keith 8/21/00 - ---------------------------------------- ----------------------------- PRINTED NAME OF RESPONSIBLE PARTY DATE PREPARER: Corporate Controller - ---------------------------------------- ----------------------------- ORIGINAL SIGNATURE OF PREPARER TITLE Jessica L. Wilson 8/21/00 - ---------------------------------------- ----------------------------- PRINTED NAME OF PREPARER DATE 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 ----------------------------------------------------------------------------------------------------------------- SCHEDULE MONTH MONTH MONTH --------------------------------------------------------- ASSETS AMOUNT July 2000 ----------------------------------------------------------------------------------------------------------------- 1. UNRESTRICTED CASH $13,401,586 $47,725,174 $0 ----------------------------------------------------------------------------------------------------------------- 2. RESTRICTED CASH $0 $0 ----------------------------------------------------------------------------------------------------------------- 3. TOTAL CASH $13,401,586 $47,725,174 $0 $0 ----------------------------------------------------------------------------------------------------------------- 4. ACCOUNTS RECEIVABLE (NET) ($11,899,615) $0 ----------------------------------------------------------------------------------------------------------------- 5. INVENTORY ($816,667) $0 ----------------------------------------------------------------------------------------------------------------- 6. NOTES RECEIVABLE $15,000 $15,000 $0 ----------------------------------------------------------------------------------------------------------------- 7. PREPAID EXPENSES $300,363 $0 ----------------------------------------------------------------------------------------------------------------- 8. OTHER (ATTACH LIST) $422,186,692 $368,414,869 $0 ----------------------------------------------------------------------------------------------------------------- 9. TOTAL CURRENT ASSETS $435,603,278 $403,739,124 $0 $0 ----------------------------------------------------------------------------------------------------------------- 10. PROPERTY, PLANT & EQUIPMENT $2,425,652 $2,865,674 $0 ----------------------------------------------------------------------------------------------------------------- 11. LESS: ACCUMULATED DEPRECIATION / DEPLETION $582,967 $0 ----------------------------------------------------------------------------------------------------------------- 12. NET PROPERTY, PLANT & EQUIPMENT $2,425,652 $2,282,707 $0 $0 ----------------------------------------------------------------------------------------------------------------- 13. DUE FROM INSIDERS $62,465 $293,261 $0 ----------------------------------------------------------------------------------------------------------------- 14. OTHER ASSETS - NET OF AMORTIZATION (ATTACH LIST) $10,967,208 $10,579,216 $0 ----------------------------------------------------------------------------------------------------------------- 15. OTHER (ATTACH LIST) $138,370,015 $138,370,015 $0 ----------------------------------------------------------------------------------------------------------------- 16. TOTAL ASSETS $587,428,618 $555,264,323 $0 $0 ----------------------------------------------------------------------------------------------------------------- POSTPETITION LIABILITIES ----------------------------------------------------------------------------------------------------------------- 17. ACCOUNTS PAYABLE ($1,048,252) $0 ----------------------------------------------------------------------------------------------------------------- 18. TAXES PAYABLE $0 $0 ----------------------------------------------------------------------------------------------------------------- 19. NOTES PAYABLE $0 $0 ----------------------------------------------------------------------------------------------------------------- 20. PROFESSIONAL FEES $1,277,000 $0 ----------------------------------------------------------------------------------------------------------------- 21. SECURED DEBT $0 $0 ----------------------------------------------------------------------------------------------------------------- 22. OTHER (ATTACH LIST) $2,346,619 $0 ----------------------------------------------------------------------------------------------------------------- 23. TOTAL POSTPETITION LIABILITIES $2,575,367 $0 $0 ----------------------------------------------------------------------------------------------------------------- PREPETITION LIABILITIES ----------------------------------------------------------------------------------------------------------------- 24. SECURED DEBT $466,119,468 $416,251,006 $0 ----------------------------------------------------------------------------------------------------------------- 25. PRIORITY DEBT $29,661 $0 ----------------------------------------------------------------------------------------------------------------- 26. UNSECURED DEBT $22,580,547 $2,245,799 $0 ----------------------------------------------------------------------------------------------------------------- 27. OTHER (ATTACH LIST) $0 $35,306,098 $0 ----------------------------------------------------------------------------------------------------------------- 28. TOTAL PREPETITION LIABILITIES $488,729,676 $453,802,903 $0 $0 ----------------------------------------------------------------------------------------------------------------- 29. TOTAL LIABILITIES $488,729,676 $456,378,270 $0 $0 ----------------------------------------------------------------------------------------------------------------- EQUITY ----------------------------------------------------------------------------------------------------------------- 30. PREPETITION OWNERS' EQUITY $98,899,692 $0 ----------------------------------------------------------------------------------------------------------------- 31. POSTPETITION CUMULATIVE PROFIT OR (LOSS) ($13,639) $0 ----------------------------------------------------------------------------------------------------------------- 32. DIRECT CHARGES TO EQUITY (ATTACH EXPLANATION) ----------------------------------------------------------------------------------------------------------------- 33. TOTAL EQUITY $0 $98,886,053 $0 $0 ----------------------------------------------------------------------------------------------------------------- 34. TOTAL LIABILITIES & OWNERS' EQUITY $488,729,676 $555,264,323 $0 $0 -----------------------------------------------------------------------------------------------------------------
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 July 2000 TOTAL - ---------------------------------------------------------------------------------------------------- 1. GROSS REVENUES $0 $0 $0 - ---------------------------------------------------------------------------------------------------- 2. LESS: RETURNS & DISCOUNTS $0 $0 $0 - ---------------------------------------------------------------------------------------------------- 3. NET REVENUE $0 $0 $0 $0 - ---------------------------------------------------------------------------------------------------- COST OF GOODS SOLD - ---------------------------------------------------------------------------------------------------- 4. MATERIAL $0 $0 $0 - ---------------------------------------------------------------------------------------------------- 5. DIRECT LABOR $0 $0 $0 - ---------------------------------------------------------------------------------------------------- 6. DIRECT OVERHEAD $0 $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 $85,488 $0 $85,488 - ---------------------------------------------------------------------------------------------------- 10. SELLING & MARKETING $0 $0 $0 - ---------------------------------------------------------------------------------------------------- 11. GENERAL & ADMINISTRATIVE ($1,050,722) $0 ($1,050,722) - ---------------------------------------------------------------------------------------------------- 12. RENT & LEASE $21,502 $0 $21,502 - ---------------------------------------------------------------------------------------------------- 13. OTHER (ATTACH LIST) $0 $0 $0 - ---------------------------------------------------------------------------------------------------- 14. TOTAL OPERATING EXPENSES ($943,732) $0 $0 ($943,732) - ---------------------------------------------------------------------------------------------------- 15. INCOME BEFORE NON-OPERATING INCOME & EXPENSE $943,732 $0 $0 $943,732 - ---------------------------------------------------------------------------------------------------- OTHER INCOME & EXPENSES - ---------------------------------------------------------------------------------------------------- 16. NON-OPERATING INCOME (ATT. LIST) ($208,368) $0 ($208,368) - ---------------------------------------------------------------------------------------------------- 17. NON-OPERATING EXPENSE (ATT. LIST) $0 $0 $0 - ---------------------------------------------------------------------------------------------------- 18. INTEREST EXPENSE $116,620 $0 $116,620 - ---------------------------------------------------------------------------------------------------- 19. DEPRECIATION / DEPLETION $47,648 $0 $47,648 - ---------------------------------------------------------------------------------------------------- 20. AMORTIZATION $91,567 $0 $91,567 - ---------------------------------------------------------------------------------------------------- 21. OTHER (ATTACH LIST) $0 $0 $0 - ---------------------------------------------------------------------------------------------------- 22. NET OTHER INCOME & EXPENSES $47,467 $0 $0 $47,467 - ---------------------------------------------------------------------------------------------------- REORGANIZATION EXPENSES - ---------------------------------------------------------------------------------------------------- 23. PROFESSIONAL FEES $913,831 $0 $913,831 - ---------------------------------------------------------------------------------------------------- 24. U.S. TRUSTEE FEES $0 $0 $0 - ---------------------------------------------------------------------------------------------------- 25. OTHER (ATTACH LIST) $0 $0 $0 - ---------------------------------------------------------------------------------------------------- 26. TOTAL REORGANIZATION EXPENSES $913,831 $0 $0 $913,831 - ---------------------------------------------------------------------------------------------------- 27. INCOME TAX $0 $0 $0 - ---------------------------------------------------------------------------------------------------- 28. NET PROFIT (LOSS) ($17,566) $0 $0 ($17,566) - ----------------------------------------------------------------------------------------------------
MONTHLY OPERATING REPORT CASE NAME: KITTY HAWK,INC. ACCRUAL BASIS-3 CASE NUMBER: 400-42141-BJH 02/13/95, RWD, 2/96
- ---------------------------------------------------------------------------------------------------------- CASH RECEIPTS AND MONTH MONTH MONTH QUARTER -------------------------------------------------- DISBURSEMENTS July 2000 TOTAL - ---------------------------------------------------------------------------------------------------------- 1. CASH - BEGINNING OF MONTH $38,394,776 $38,394,776 - ---------------------------------------------------------------------------------------------------------- RECEIPTS FROM OPERATIONS - ---------------------------------------------------------------------------------------------------------- 2. CASH SALES $0 $0 $0 - ---------------------------------------------------------------------------------------------------------- COLLECTION OF ACCOUNTS RECEIVABLE - ---------------------------------------------------------------------------------------------------------- 3. PREPETITION $0 $0 $0 - ---------------------------------------------------------------------------------------------------------- 4. POSTPETITION $0 $0 $0 - ---------------------------------------------------------------------------------------------------------- 5. TOTAL OPERATING RECEIPTS $0 $0 $0 $0 - ---------------------------------------------------------------------------------------------------------- NON - OPERATING RECEIPTS - ---------------------------------------------------------------------------------------------------------- 6. LOANS & ADVANCES (ATTACH LIST) $0 $0 $0 - ---------------------------------------------------------------------------------------------------------- 7. SALE OF ASSETS $0 $0 $0 - ---------------------------------------------------------------------------------------------------------- 8. OTHER (ATTACH LIST) $34,741,091 $34,741,091 - ---------------------------------------------------------------------------------------------------------- 9. TOTAL NON-OPERATING RECEIPTS $34,741,091 $0 $0 $34,741,091 - ---------------------------------------------------------------------------------------------------------- 10. TOTAL RECEIPTS $34,741,091 $0 $0 $34,741,091 - ---------------------------------------------------------------------------------------------------------- 11. TOTAL CASH AVAILABLE $73,135,867 $0 $0 $73,135,867 - ---------------------------------------------------------------------------------------------------------- OPERATING DISBURSEMENTS - ---------------------------------------------------------------------------------------------------------- 12. NET PAYROLL $3,613,151 $0 $3,613,151 - ---------------------------------------------------------------------------------------------------------- 13. PAYROLL TAXES PAID $1,526,251 $0 $1,526,251 - ---------------------------------------------------------------------------------------------------------- 14. SALES, USE & OTHER TAXES PAID $74,434 $0 $74,434 - ---------------------------------------------------------------------------------------------------------- 15. SECURED / RENTAL / LEASES $1,392,334 $0 $1,392,334 - ---------------------------------------------------------------------------------------------------------- 16. UTILITIES $169,330 $0 $169,330 - ---------------------------------------------------------------------------------------------------------- 17. INSURANCE $655,938 $0 $655,938 - ---------------------------------------------------------------------------------------------------------- 18. INVENTORY PURCHASES $98,840 $0 $98,840 - ---------------------------------------------------------------------------------------------------------- 19. VEHICLE EXPENSES $0 $0 $0 - ---------------------------------------------------------------------------------------------------------- 20. TRAVEL $1,128,416 $0 $1,128,416 - ---------------------------------------------------------------------------------------------------------- 21. ENTERTAINMENT $0 $0 $0 - ---------------------------------------------------------------------------------------------------------- 22. REPAIRS & MAINTENANCE $3,518,517 $0 $3,518,517 - ---------------------------------------------------------------------------------------------------------- 23. SUPPLIES $77,440 $0 $77,440 - ---------------------------------------------------------------------------------------------------------- 24. ADVERTISING $8,395 $0 $8,395 - ---------------------------------------------------------------------------------------------------------- 25. OTHER (ATTACH LIST) $12,985,397 $0 $12,985,397 - ---------------------------------------------------------------------------------------------------------- 26. TOTAL OPERATING DISBURSEMENTS $25,248,443 $0 $0 $25,248,443 - ---------------------------------------------------------------------------------------------------------- REORGANIZATION EXPENSES - ---------------------------------------------------------------------------------------------------------- 27. PROFESSIONAL FEES $150,000 $0 $150,000 - ---------------------------------------------------------------------------------------------------------- 28. U.S. TRUSTEE FEES $12,250 $0 $12,250 - ---------------------------------------------------------------------------------------------------------- 29. OTHER (ATTACH LIST) $0 $0 $0 - ---------------------------------------------------------------------------------------------------------- 30. TOTAL REORGANIZATION EXPENSES $162,250 $0 $0 $162,250 - ---------------------------------------------------------------------------------------------------------- 31. TOTAL DISBURSEMENTS $25,410,693 $0 $0 $25,410,693 - ---------------------------------------------------------------------------------------------------------- 32. NET CASH FLOW $9,330,398 $0 $0 $9,330,398 - ---------------------------------------------------------------------------------------------------------- 33. CASH - END OF MONTH $47,725,174 $0 $0 $47,725,174 - ----------------------------------------------------------------------------------------------------------
MONTHLY OPERATING REPORT CASE NAME: KITTY HAWK, INC. ACCRUAL BASIS-4 CASE NUMBER: 400-42141-BJH 02/13/95, RWD, 2/96
- ------------------------------------------------------------------------------------------------------------------ SCHEDULE MONTH MONTH MONTH ------------------------------------------------- ACCOUNTS RECEIVABLE AGING AMOUNT July 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 $11,899,615 - ------------------------------------------------------------------------------------------------------------------ 7. ACCOUNTS RECEIVABLE (NET) $0 ($11,899,615) $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 $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 ($224,373) ($393,195) ($455,981) $25,297 ($1,048,252) - ------------------------------------------------------------------------------------------------------------------ - ------------------------------------------------ STATUS OF POSTPETITION TAXES MONTH: July 2000 --------------------------------- - ------------------------------------------------------------------------------------------------------------------ BEGINNING AMOUNT ENDING TAX WITHHELD AND/ AMOUNT TAX FEDERAL LIABILITY* 0R ACCRUED PAID LIABILITY - ------------------------------------------------------------------------------------------------------------------ 1. WITHHOLDING** $0 $126,757 $126,757 $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 $126,757 $126,757 $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 $126,757 $126,757 $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. 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: July 2000 ------------------------------------------------ - ------------------------------------------- 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 $2,595,474 $50,000 $8,403 $2,777,226 - ------------------------------------------------------------------------------------------------------------ 2. ADD: TOTAL DEPOSITS NOT CREDITED $0 $0 $13,651 $13,651 - ------------------------------------------------------------------------------------------------------------ 3. SUBTRACT: OUTSTANDING CHECKS $864,693 $0 $0 $864,693 - ------------------------------------------------------------------------------------------------------------ 4. OTHER RECONCILING ITEMS $8,682 $0 $0 ($83,229) - ------------------------------------------------------------------------------------------------------------ 5. MONTH END BALANCE PER BOOKS $1,739,463 $50,000 $22,054 $1,811,517 - ------------------------------------------------------------------------------------------------------------ 6. NUMBER OF LAST CHECK WRITTEN No checks 11069 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 $202,564 - ------------------------------------------------------------------------------------------------------------ 8. Bank One 6/30/00 Overnight Sweep $45,678,655 $45,678,655 - ------------------------------------------------------------------------------------------------------------ 9. N/A - ------------------------------------------------------------------------------------------------------------ 10. N/A - ------------------------------------------------------------------------------------------------------------ 11. TOTAL INVESTMENTS $45,878,655 $45,881,219 - ------------------------------------------------------------------------------------------------------------ - ------------------------------------------- CASH - ------------------------------------------------------------------------------------------------------------ 12. CURRENCY ON HAND $1,000 - ------------------------------------------------------------------------------------------------------------ 13. TOTAL CASH - END OFMONTH $47,725,174 - ------------------------------------------------------------------------------------------------------------
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: July 2000 ------------------------------------------------- - -------------------------------------------- BANK RECONCILIATIONS Account #4 Account #5 Account #6 - -------------------------------------------------------------------------------------------------------------- A. BANK: Bank One Bank One Bank One - -------------------------------------------------------------------------------------------------------------- B. ACCOUNT NUMBER: 1570695922 00129949/931995845 1586268961 TOTAL - -------------------------------------------------------------------------------------------------------------- C. PURPOSE (TYPE): Payroll Health Insurance Flex Spending - -------------------------------------------------------------------------------------------------------------- 1. BALANCE PER BANK STATEMENT $0 $91,911 $31,438 $123,349 - -------------------------------------------------------------------------------------------------------------- 2. ADD: TOTAL DEPOSITS NOT CREDITED $0 $0 $0 $0 - -------------------------------------------------------------------------------------------------------------- 3. SUBTRACT: OUTSTANDING CHECKS $0 $0 $0 $0 - -------------------------------------------------------------------------------------------------------------- 4. OTHER RECONCILING ITEMS $0 ($91,911) $0 ($91,911) - -------------------------------------------------------------------------------------------------------------- 5. MONTH END BALANCE PER BOOKS $0 $0 $31,438 $31,438 - -------------------------------------------------------------------------------------------------------------- 6. NUMBER OF LAST CHECK WRITTEN 61704 136650 1030 - -------------------------------------------------------------------------------------------------------------- - -------------------------------------------- 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 $0 - -------------------------------------------------------------------------------------------------------------- 13. TOTAL CASH - END OF MONTH $31,438 - --------------------------------------------------------------------------------------------------------------
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: July 2000 ------------------------------------------------- - -------------------------------------------- BANK RECONCILIATIONS Account #7 Account #8 Account #9 - -------------------------------------------------------------------------------------------------------------- A. BANK: Bank One - --------------------------------------------------------------------------------------------- B. ACCOUNT NUMBER: 1586269860 TOTAL - --------------------------------------------------------------------------------------------- C. PURPOSE (TYPE): COD - -------------------------------------------------------------------------------------------------------------- 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 - -------------------------------------------------------------------------------------------------------------- 6. NUMBER OF LAST CHECK WRITTEN 2103 - -------------------------------------------------------------------------------------------------------------- - -------------------------------------------- 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 - --------------------------------------------------------------------------------------------------------------
MONTHLY OPERATING REPORT CASE NAME: KITTY HAWK, INC. ACCRUAL BASIS-6 CASE NUMBER: 400-42141-BJH 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. Mike Clark Salary $6,667 $20,001 - ------------------------------------------------------------------- 2. Jim Craig Salary $16,667 $50,001 - ------------------------------------------------------------------- 3. Janie Garrard Salary $0 $2,625 - ------------------------------------------------------------------- 4. Drew Keith Salary $18,404 $55,212 - ------------------------------------------------------------------- 5 Lena Baker Salary $0 $7,500 - ------------------------------------------------------------------- 6 Jim Reeves Salary $33,333 $99,999 - ------------------------------------------------------------------- 7 John Turnipseed Salary $10,417 $31,251 - ------------------------------------------------------------------- 8 TOTAL PAYMENTS TO INSIDERS $85,488 $266,589 - -------------------------------------------------------------------
- ---------------------------------------------------------------------------------------------- PROFESSIONALS - ---------------------------------------------------------------------------------------------- DATE OF COURT TOTAL ORDER AUTHORIZING AMOUNT AMOUNT TOTAL PAID INCURRED NAME PAYMENT APPROVED PAID TO DATE & UNPAID * - ---------------------------------------------------------------------------------------------- 1. Lain Faulkner $156,000 - ---------------------------------------------------------------------------------------------- 2. Haynes and Boone $705,000 - ---------------------------------------------------------------------------------------------- 3. The Seabury Group $150,000 $450,000 $0 - ---------------------------------------------------------------------------------------------- 4. Various attorneys $321,000 - ---------------------------------------------------------------------------------------------- 5. Various accounting firms $95,000 - ---------------------------------------------------------------------------------------------- 6. TOTAL PAYMENTS TO PROFESSIONALS $0 $150,000 $450,000 $1,277,000 - ----------------------------------------------------------------------------------------------
* 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 - -------------------------------------------------------------------------------- Monthly Operating Report CASE NAME: KITTY HAWK, INC. ACCRUAL BASIS-7 CASE NUMBER: 400-42141-BJH 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. Three creditors which had letters of credit in place prior to May 1, 2000, drew on their letter of credit. Total draws were $251,000 - ------------------------------------------------------------------------------------------------------------------------------- - ------------------------------------------------------------------------------------------------------------------------------- - ------------------------------------------------ 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 - -------------------------------------------------------------------------------------------------------------------------------
CASE NAME: KITTY HAWK, INC. FOOTNOTES SUPPLEMENT CASE NUMBER: 400-42141-BJH ACCRUAL BASIS MONTH: July 2000 ---------------------------------- - ------------------------------------------------------------------------------- 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 assessments 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. - ------------------------------------------------------------------------------- CASE NAME: KITTY HAWK, INC. CASE NUMBER: 400-42141 DETAILS OF OTHER ITEMS ACCRUAL BASIS-1 July 2000 8. OTHER (ATTACH LIST) $ 368,414,869 Reported ------------------- Intercompany Receivables 368,777,936 Escrow JRC 403,000 A/R Other 354,909 Misc A/R (9,232) A/R Employees 853 A/R 401(k) Loan (126) A/R Travel Advance 1,320 Deferred Taxes (1,682,277) Deposits - Other 152,487 Deposits - Retainers 415,999 ------------------- 368,414,869 Detail ------------------- - Difference 14. OTHER ASSETS - NET OF AMORTIZATION (ATTACH LIST) 10,579,216 Reported ------------------- Loan organization costs 1,571,410 Bond offering costs 7,151,860 Non-compete - Beti Ward 364,589 Goodwill - KH Cargo 1,491,357 ------------------- 10,579,216 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) $ 2,346,619 Reported ------------------- Accrued expenses 50,196 Accrued interest 2,284,175 A/P Aging reconciling item (26,550) A/P Clearing - Accrued Salaries/Wages/401(k) 38,798 ------------------- 2,346,619 Detail ------------------- - Difference 27. OTHER (ATTACH LIST) $ 35,306,098 Reported ------------------- Deferred Taxes 37,136,131 Accrued Taxes payable (17,658,879) Interest payable 15,828,846 ------------------- 35,306,098 Detail ------------------- - Differnece CASE NAME: KITTY HAWK, INC. CASE NUMBER: 400-42141 DETAILS OF OTHER ITEMS ACCRUAL BASIS-2 16. NON-OPERATING INCOME (ATT. LIST) (208,368)Reported ------------------- Interest Income (208,007) Other Misc Income (361) ------------------- (208,368)Detail - Difference ACCRUAL BASIS-3 8. OTHER (ATTACH LIST) 34,741,091 Reported ------------------- Transfers from Charters 3,482,059 Transfers from Cargo 8,275,073 Transfers from Aircargo 15,406,894 Transfers from International 5,000 Transfers to LSI - Cash deposits - non-lockbox 7,284,864 Interest income 207,144 Other Misc Income - Misc deposits/returned wires 80,057 ------------------- 34,741,091 Detail ------------------- - Difference ------------------- 25. OTHER (ATTACH LIST) 12,985,397 Reported ------------------- Inc. 401(k) 732,947 Employee Expenses/Relocation 49,853 Bank charges 10,154 Fuel 5,900,415 Professional fees 99,016 Ground Handling 2,061,556 Prepetition items - KH International 124,856 Shipping 124,228 Ondemand Charter costs 187,710 135 Airline costs 53,003 Equipment Rental 98,344 Building Rent and expenses 579,356 Contract Labor 501,483 Trucking 305,883 Customs/Parking/Landing 507,851 American Express Charges 193,145 Uniforms 21,550 Simulator/Communication/Other Training 80,146 Misc 114,923 Deposits 6,750 Subcharter Aircraft 1,232,228 ------------------- 12,985,397 Detail - Difference EX-99.2 3 0003.txt EXHIBIT 99.2 MONTHLY OPERATING REPORT CASE NAME: KITTY HAWK AIRCARGO, INC. ACCRUAL BASIS CASE NUMBER: 400-42142-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: 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 AIRCARGO, INC. ACCRUAL BASIS-1 CASE NUMBER: 400-42142-BJH-11 02/13/95, RWD, 2/96
- ---------------------------------------------------------- COMPARATIVE BALANCE SHEET - ------------------------------------------------------------------------------------------------------------------ SCHEDULE MONTH MONTH MONTH -------------------------------------------------------- ASSETS AMOUNT JULY, 2000 - ------------------------------------------------------------------------------------------------------------------ 1. UNRESTRICTED CASH $16,904 $19,828 - ------------------------------------------------------------------------------------------------------------------ 2. RESTRICTED CASH $0 $0 - ------------------------------------------------------------------------------------------------------------------ 3. TOTAL CASH $16,904 $19,828 $0 $0 - ------------------------------------------------------------------------------------------------------------------ 4. ACCOUNTS RECEIVABLE (NET) $29,303,045 $13,873,703 - ------------------------------------------------------------------------------------------------------------------ 5. INVENTORY $1,508,508 $1,104,619 - ------------------------------------------------------------------------------------------------------------------ 6. NOTES RECEIVABLE $0 $0 - ------------------------------------------------------------------------------------------------------------------ 7. PREPAID EXPENSES $2,294,717 $16,173,464 - ------------------------------------------------------------------------------------------------------------------ 8. OTHER (ATTACH LIST) $111,256,463 ($34,118,803) - ------------------------------------------------------------------------------------------------------------------ 9. TOTAL CURRENT ASSETS $144,379,636 ($2,947,189) $0 $0 - ------------------------------------------------------------------------------------------------------------------ 10. PROPERTY, PLANT & EQUIPMENT $166,772,560 $212,648,602 - ------------------------------------------------------------------------------------------------------------------ 11. LESS: ACCUMULATED DEPRECIATION / DEPLETION $0 $45,203,789 - ------------------------------------------------------------------------------------------------------------------ 12. NET PROPERTY, PLANT & EQUIPMENT $166,772,560 $167,444,813 $0 $0 - ------------------------------------------------------------------------------------------------------------------ 13. DUE FROM INSIDERS $0 - ------------------------------------------------------------------------------------------------------------------ 14. OTHER ASSETS - NET OF AMORTIZATION (ATTACH LIST) $0 $4,183,185 - ------------------------------------------------------------------------------------------------------------------ 15. OTHER (ATTACH LIST) $0 $0 - ------------------------------------------------------------------------------------------------------------------ 16. TOTAL ASSETS $311,152,196 $168,680,809 $0 $0 - ------------------------------------------------------------------------------------------------------------------ POSTPETITION LIABILITIES - ------------------------------------------------------------------------------------------------------------------ 17. ACCOUNTS PAYABLE $6,738,112 - ------------------------------------------------------------------------------------------------------------------ 18. TAXES PAYABLE $97,855 - ------------------------------------------------------------------------------------------------------------------ 19. NOTES PAYABLE $0 - ------------------------------------------------------------------------------------------------------------------ 20. PROFESSIONAL FEES $0 - ------------------------------------------------------------------------------------------------------------------ 21. SECURED DEBT $0 - ------------------------------------------------------------------------------------------------------------------ 22. OTHER (ATTACH LIST) $10,146,991 - ------------------------------------------------------------------------------------------------------------------ 23. TOTAL POSTPETITION LIABILITIES $16,982,958 $0 $0 - ------------------------------------------------------------------------------------------------------------------ PREPETITION LIABILITIES - ------------------------------------------------------------------------------------------------------------------ 24. SECURED DEBT $31,900,000 - ------------------------------------------------------------------------------------------------------------------ 25. PRIORITY DEBT $2,177,962 $0 - ------------------------------------------------------------------------------------------------------------------ 26. UNSECURED DEBT $184,252,878 $22,945,688 - ------------------------------------------------------------------------------------------------------------------ 27. OTHER (ATTACH LIST) $0 $27,430,548 - ------------------------------------------------------------------------------------------------------------------ 28. TOTAL PREPETITION LIABILITIES $186,430,840 $82,276,236 $0 $0 - ------------------------------------------------------------------------------------------------------------------ 29. TOTAL LIABILITIES $186,430,840 $99,259,194 $0 $0 - ------------------------------------------------------------------------------------------------------------------ EQUITY - ------------------------------------------------------------------------------------------------------------------ 30. PREPETITION OWNERS' EQUITY $69,645,449 - ------------------------------------------------------------------------------------------------------------------ 31. POSTPETITION CUMULATIVE PROFIT OR (LOSS) ($223,834) - ------------------------------------------------------------------------------------------------------------------ 32. DIRECT CHARGES TO EQUITY (ATTACH EXPLANATION) $0 - ------------------------------------------------------------------------------------------------------------------ 33. TOTAL EQUITY $0 $69,421,615 $0 $0 - ------------------------------------------------------------------------------------------------------------------ 34. TOTAL LIABILITIES & OWNERS' EQUITY $186,430,840 $168,680,809 $0 $0 - ------------------------------------------------------------------------------------------------------------------
MONTHLY OPERATING REPORT CASENAME: KITTY HAWK AIRCARGO, INC. ACCRUAL BASIS-2 CASE NUMBER: 400-42142-BJH-11 02/13/95, RWD, 2/96
- ------------------------------------------- INCOME STATEMENT - --------------------------------------------------------------------------------------------------------- MONTH MONTH MONTH QUARTER ---------------------------------------------- REVENUES JULY, 2000 TOTAL - --------------------------------------------------------------------------------------------------------- 1. GROSS REVENUES $15,478,531 $15,478,531 - --------------------------------------------------------------------------------------------------------- 2. LESS: RETURNS & DISCOUNTS $0 $0 - --------------------------------------------------------------------------------------------------------- 3. NET REVENUE $15,478,531 $0 $0 $15,478,531 - --------------------------------------------------------------------------------------------------------- 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 $15,478,531 $0 $0 $15,478,531 - --------------------------------------------------------------------------------------------------------- OPERATING EXPENSES - --------------------------------------------------------------------------------------------------------- 9. OFFICER / INSIDER COMPENSATION $31,250 $31,250 - --------------------------------------------------------------------------------------------------------- 10. SELLING & MARKETING $0 $0 - --------------------------------------------------------------------------------------------------------- 11. GENERAL & ADMINISTRATIVE $1,159,341 $1,159,341 - --------------------------------------------------------------------------------------------------------- 12. RENT & LEASE $2,969,654 $2,969,654 - --------------------------------------------------------------------------------------------------------- 13. OTHER (ATTACH LIST) $11,709,977 $11,709,977 - --------------------------------------------------------------------------------------------------------- 14. TOTAL OPERATING EXPENSES $15,870,222 $0 $0 $15,870,222 - --------------------------------------------------------------------------------------------------------- 15. INCOME BEFORE NON-OPERATING INCOME & EXPENSE ($391,691) $0 $0 ($391,691) - --------------------------------------------------------------------------------------------------------- OTHER INCOME & EXPENSES - --------------------------------------------------------------------------------------------------------- 16. NON-OPERATING INCOME (ATT. LIST) ($12,710) ($12,710) - --------------------------------------------------------------------------------------------------------- 17. NON-OPERATING EXPENSE (ATT. LIST) $0 $0 - --------------------------------------------------------------------------------------------------------- 18. INTEREST EXPENSE $464,387 $464,387 - --------------------------------------------------------------------------------------------------------- 19. DEPRECIATION / DEPLETION $0 $0 - --------------------------------------------------------------------------------------------------------- 20. AMORTIZATION $13,188 $13,188 - --------------------------------------------------------------------------------------------------------- 21. OTHER (ATTACH LIST) $0 $0 - --------------------------------------------------------------------------------------------------------- 22. NET OTHER INCOME & EXPENSES $464,865 $0 $0 $464,865 - --------------------------------------------------------------------------------------------------------- REORGANIZATION EXPENSES - --------------------------------------------------------------------------------------------------------- 23. PROFESSIONAL FEES $0 $0 - --------------------------------------------------------------------------------------------------------- 24. U.S. TRUSTEE FEES ($250) ($250) - --------------------------------------------------------------------------------------------------------- 25. OTHER (ATTACH LIST) $0 $0 - --------------------------------------------------------------------------------------------------------- 26. TOTAL REORGANIZATION EXPENSES ($250) $0 $0 ($250) - --------------------------------------------------------------------------------------------------------- 27. INCOME TAX ($342,523) ($342,523) - --------------------------------------------------------------------------------------------------------- 28. NET PROFIT (LOSS) ($513,783) $0 $0 ($513,783) - ---------------------------------------------------------------------------------------------------------
MONTHLY OPERATING REPORT CASE NAME: KITTY HAWK AIRCARGO, INC. ACCRUAL BASIS-3 CASE NUMBER: 400-42142-BJH-11 02/13/95, RWD, 2/96
- ---------------------------------------------------------------------------------------------------------- MONTH MONTH MONTH CASH RECEIPTS AND -------------------------------------------------- QUARTER DISBURSEMENTS JULY, 2000 TOTAL - ---------------------------------------------------------------------------------------------------------- 1. CASH - BEGINNING OF MONTH $20,429 $19,828 $19,828 $20,429 - ---------------------------------------------------------------------------------------------------------- RECEIPTS FROM OPERATIONS - ---------------------------------------------------------------------------------------------------------- 2. CASH SALES $0 $0 - ---------------------------------------------------------------------------------------------------------- COLLECTION OF ACCOUNTS RECEIVABLE - ---------------------------------------------------------------------------------------------------------- 3. PREPETITION $0 $0 - ---------------------------------------------------------------------------------------------------------- 4. POSTPETITION $15,410,798 $15,410,798 - ---------------------------------------------------------------------------------------------------------- 5. TOTAL OPERATING RECEIPTS $15,410,798 $0 $0 $15,410,798 - ---------------------------------------------------------------------------------------------------------- NON - OPERATING RECEIPTS - ---------------------------------------------------------------------------------------------------------- 6. LOANS & ADVANCES (ATTACH LIST) $0 $0 - ---------------------------------------------------------------------------------------------------------- 7. SALE OF ASSETS $0 $0 - ---------------------------------------------------------------------------------------------------------- 8. OTHER (ATTACH LIST) ($15,411,399) ($15,411,399) - ---------------------------------------------------------------------------------------------------------- 9. TOTAL NON-OPERATING RECEIPTS ($15,411,399) $0 $0 ($15,411,399) - ---------------------------------------------------------------------------------------------------------- 10. TOTAL RECEIPTS ($601) $0 $0 ($601) - ---------------------------------------------------------------------------------------------------------- 11. TOTAL CASH AVAILABLE $19,828 $19,828 $19,828 $19,828 - ---------------------------------------------------------------------------------------------------------- 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 EORGANIZATION EXPENSES $0 $0 $0 $0 - ---------------------------------------------------------------------------------------------------------- 31. TOTAL DISBURSEMENTS $0 $0 $0 $0 - ---------------------------------------------------------------------------------------------------------- 32. NET CASH FLOW ($601) $0 $0 ($601) - ---------------------------------------------------------------------------------------------------------- 33. CASH - END OF MONTH $19,828 $19,828 $19,828 $19,828 - ----------------------------------------------------------------------------------------------------------
MONTHLY OPERATING REPORT CASE NAME: KITTY HAWK AIRCARGO, INC. ACCRUAL BASIS-4 CASE NUMBER: 400-42142-BJH-11 02/13/95, RWD, 2/96
- ------------------------------------------------------------------------------------------------------------------ MONTH MONTH MONTH SCHEDULE ------------------------------------------------- ACCOUNTS RECEIVABLE AGING AMOUNT JULY, 2000 - ------------------------------------------------------------------------------------------------------------------ 1. 0-30 $27,808,237 $10,277,439 - ------------------------------------------------------------------------------------------------------------------ 2. 31-60 $648,873 $293,233 - ------------------------------------------------------------------------------------------------------------------ 3. 61-90 $923,454 $1,739,857 - ------------------------------------------------------------------------------------------------------------------ 4. 91+ ($77,519) $403,210 - ------------------------------------------------------------------------------------------------------------------ 5. TOTAL ACCOUNTS RECEIVABLE $29,303,045 $12,713,739 $0 $0 - ------------------------------------------------------------------------------------------------------------------ 6. AMOUNT CONSIDERED UNCOLLECTIBLE - ------------------------------------------------------------------------------------------------------------------ 7. ACCOUNTS RECEIVABLE (NET) $29,303,045 $12,713,739 $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 $0 $0 $0 $0 $0 - ------------------------------------------------------------------------------------------------------------------ 2. STATE $97,855 $0 $0 $0 $97,855 - ------------------------------------------------------------------------------------------------------------------ 3. LOCAL $0 $0 $0 $0 - ------------------------------------------------------------------------------------------------------------------ 4. OTHER (ATTACH LIST) $0 $0 $0 $0 - ------------------------------------------------------------------------------------------------------------------ 5. TOTAL TAXES PAYABLE $97,855 $0 $0 $0 $97,855 - ------------------------------------------------------------------------------------------------------------------ 6. ACCOUNTS PAYABLE $3,453,812 $2,791,357 $492,943 $0 $6,738,112 - ------------------------------------------------------------------------------------------------------------------ - ------------------------------------------------ STATUS OF POSTPETITION TAXES MONTH: JULY, 2000 --------------------------------- - ------------------------------------------------------------------------------------------------------------------ BEGINNING AMOUNT ENDING TAX WITHHELD AND/ AMOUNT TAX FEDERAL LIABILITY* 0R ACCRUED PAID LIABILITY - ------------------------------------------------------------------------------------------------------------------ 1. WITHHOLDING** $0 $952,651 $952,651 $0 - ------------------------------------------------------------------------------------------------------------------ 2. FICA-EMPLOYEE** $0 $0 - ------------------------------------------------------------------------------------------------------------------ 3. FICA-EMPLOYER** $0 $0 - ------------------------------------------------------------------------------------------------------------------ 4. UNEMPLOYMENT $0 $0 - ------------------------------------------------------------------------------------------------------------------ 5. INCOME $0 $0 $0 $0 - ------------------------------------------------------------------------------------------------------------------ 6. OTHER (ATTACH LIST) $0 $0 - ------------------------------------------------------------------------------------------------------------------ 7. TOTAL FEDERAL TAXES $0 $952,651 $952,651 $0 - ------------------------------------------------------------------------------------------------------------------ STATE AND LOCAL - ------------------------------------------------------------------------------------------------------------------ 8. WITHHOLDING $0 $0 - ------------------------------------------------------------------------------------------------------------------ 9. SALES $0 $0 - ------------------------------------------------------------------------------------------------------------------ 10. EXCISE $64,094 $33,761 $97,855 - ------------------------------------------------------------------------------------------------------------------ 11. UNEMPLOYMENT $0 $0 - ------------------------------------------------------------------------------------------------------------------ 12. REAL PROPERTY $0 $0 - ------------------------------------------------------------------------------------------------------------------ 13. PERSONAL PROPERTY $0 $0 - ------------------------------------------------------------------------------------------------------------------ 14. OTHER (ATTACH LIST) $0 $0 - ------------------------------------------------------------------------------------------------------------------ 15. TOTAL STATE & LOCAL $64,094 $33,761 $0 $97,855 - ------------------------------------------------------------------------------------------------------------------ 16. TOTAL TAXES $64,094 $986,412 $952,651 $97,855 - ------------------------------------------------------------------------------------------------------------------
* 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 AIRCARGO, INC. ACCRUAL BASIS-5 CASE NUMBER: 400-42142-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: JULY, 2000 ------------------------------------------------ - ------------------------------------------- BANK RECONCILIATIONS Account #1 Account #2 Account #3 - ------------------------------------------------------------------------------------------------------------ A. BANK: Bank One - ------------------------------------------------------------------------------------------------------------ B. ACCOUNT NUMBER: 100130152 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 $19,828 - ------------------------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------------------------ 13. TOTAL CASH - END OF MONTH $19,828 - ------------------------------------------------------------------------------------------------------------
MONTHLY OPERATING REPORT CASE NAME: KITTY HAWK AIRCARGO, INC. ACCRUAL BASIS-6 CASE NUMBER: 400-42142-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. Clark Stevens Salary $14,583 $43,750 - ------------------------------------------------------------------------ 2. Donny Scott Salary $8,333 $25,000 - ------------------------------------------------------------------------ 3. Susan Hawley Salary $8,333 $25,000 - ------------------------------------------------------------------------ 4. - ------------------------------------------------------------------------ 5. - ------------------------------------------------------------------------ 6. TOTAL PAYMENTS TO INSIDERS $31,250 $93,750 - ------------------------------------------------------------------------
- --------------------------------------------------------------------------------------------------- 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# 400-42141-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 $286,256 $286,256 $0 - -------------------------------------------------------------------------------------- 2. REPUBLIC $72,756 $72,756 $0 - -------------------------------------------------------------------------------------- 3. WREN $25,000 $25,000 $0 - -------------------------------------------------------------------------------------- 4. WELLS FARGO $0 $0 $0 - -------------------------------------------------------------------------------------- 5. SEE ATTACHED $1,621,863 $1,621,863 $0 - -------------------------------------------------------------------------------------- 6. TOTAL $2,005,875 $2,005,875 $0 - --------------------------------------------------------------------------------------
MONTHLY OPERATING REPORT CASE NAME: KITTY HAWK AIRCARGO, INC. ACCRUAL BASIS-7 CASE NUMBER: 400-42142-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 # 400-42141-BJH-11 - -------------------------------------------------------------------------------------------------------
CASE NAME: KITTY HAWK AIRCARGO, INC. CASE NUMBER: 400-42142-BJH-11 DETAILS OF OTHER ITEMS JULY, 2000 ACCRUAL BASIS-1 8. OTHER (ATTACH LIST) $ (34,118,803) Reported ----------------------- Intercompany Receivables (38,217,320) Deposits - State Street Bank (TA Air) 3,534,695 Deposits - Ventura Aerospace 65,125 Deposits - Rent 112,723 Deposits - Misc 268,125 Intangible - Mather 117,849 ----------------------- (34,118,803) Detail ----------------------- - Difference 14. OTHER (ATTACH LIST) $ 4,183,185 Reported ----------------------- Deposits - Aircraft Leases 2,864,400 Intangible - ATAZ STC 1,318,785 ----------------------- 4,183,185 Detail ----------------------- - Difference 22. OTHER (ATTACH LIST) $ 10,146,991 Reported ----------------------- Accrued A/P 1,801,961 Deposit held for ATAZ sale 150,000 Accrued Salaries & Wages 760,551 Accrued 401K & Misc PR Deductions 149,668 Accrued Fuel Exp 6,101,350 Accrued Interest 329,633 Accrued Maintenance Reserves 1,004,527 Accrued Fed Income Tax (Post) (150,699) ----------------------- 10,146,991 Detail ----------------------- - Difference 27. OTHER (ATTACH LIST) $ 27,430,548 Reported ----------------------- Accrued A/P 12,601,546 Accrued Maintenance Reserves 10,267,512 Accrued Fed Income Tax (Pre) 3,332,363 Accrued Taxes - Other 616 FINOVA Equip Accrued 397,011 Pegasus Lease Incentive 831,500 ----------------------- CASE NAME: KITTY HAWK AIRCARGO, INC. CASE NUMBER: 400-42142-BJH-11 DETAILS OF OTHER ITEMS JULY, 2000 27,430,548 Detail ----------------------- - Difference ACCRUAL BASIS-2 13. OTHER (ATTACH LIST) $11,709,977 Reported ----------------------- Aircraft Expense 2,279,305 Maintenance 3,598,278 Fuel 363,009 Ops Wages-Flight 2,191,328 Ops Wages-Grnd 674,668 Ground Handling 888,610 Other Operating Exp 1,714,779 ----------------------- 11,709,977 Detail ----------------------- - Difference 16 NON OPERATING INCOME (ATT. LIST) ($12,710) Reported ----------------------- Interest Income (12,710) Detail ----------------------- - Difference ACCRUAL BASIS-3 8. OTHER (ATTACH LIST) (15,411,399) Reported ----------------------- Transfer to Inc - all money sweeps (15,411,399) Detail ----------------------- to KH Inc. Case #400-42141 - Difference ----------------------- EX-99.3 4 0004.txt EXHIBIT 99.3 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: 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: CFO - --------------------------------------- ---------------------- ORIGINAL SIGNATURE OF RESPONSIBLE PARTY TITLE Drew Keith 8/21/00 - --------------------------------------- ---------------------- PRINTED NAME OF RESPONSIBLE PARTY DATE PREPARER: Corporate Controller - --------------------------------------- ---------------------- ORIGINAL SIGNATURE OF PREPARER TITLE Jessica L. Wilson 8/21/00 - --------------------------------------- ---------------------- PRINTED NAME OF PREPARER DATE 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 July 2000 - ------------------------------------------------------------------------------------------------------------------ 1. UNRESTRICTED CASH $15,476 $68,795 - ------------------------------------------------------------------------------------------------------------------ 2. RESTRICTED CASH - ------------------------------------------------------------------------------------------------------------------ 3. TOTAL CASH $15,476 $68,795 $0 $0 - ------------------------------------------------------------------------------------------------------------------ 4. ACCOUNTS RECEIVABLE (NET) $13,356,789 $7,933,994 - ------------------------------------------------------------------------------------------------------------------ 5. INVENTORY $6,001,461 - ------------------------------------------------------------------------------------------------------------------ 6. NOTES RECEIVABLE $0 - ------------------------------------------------------------------------------------------------------------------ 7. PREPAID EXPENSES $131,474 - ------------------------------------------------------------------------------------------------------------------ 8. OTHER (ATTACH LIST) $37,290,970 $45,471,928 - ------------------------------------------------------------------------------------------------------------------ 9. TOTAL CURRENT ASSETS $50,663,235 $59,607,652 $0 $0 - ------------------------------------------------------------------------------------------------------------------ 10. PROPERTY, PLANT & EQUIPMENT $17,083,867 $16,626,807 - ------------------------------------------------------------------------------------------------------------------ 11. LESS: ACCUMULATED DEPRECIATION/DEPLETION $6,269,976 - ------------------------------------------------------------------------------------------------------------------ 12. NET PROPERTY, PLANT & EQUIPMENT $17,083,867 $10,356,831 $0 $0 - ------------------------------------------------------------------------------------------------------------------ 13. DUE FROM INSIDERS $0 $0 - ------------------------------------------------------------------------------------------------------------------ 14. OTHER ASSETS - NET OF AMORTIZATION (ATTACH LIST) $0 $0 - ------------------------------------------------------------------------------------------------------------------ 15. OTHER (ATTACH LIST) - ------------------------------------------------------------------------------------------------------------------ 16. TOTAL ASSETS $67,747,102 $69,964,483 $0 $0 - ------------------------------------------------------------------------------------------------------------------ POSTPETITION LIABILITIES - ------------------------------------------------------------------------------------------------------------------ 17. ACCOUNTS PAYABLE $607,314 $0 - ------------------------------------------------------------------------------------------------------------------ 18. TAXES PAYABLE ($1,716) $0 - ------------------------------------------------------------------------------------------------------------------ 19. NOTES PAYABLE $0 $0 - ------------------------------------------------------------------------------------------------------------------ 20. PROFESSIONAL FEES $0 $0 - ------------------------------------------------------------------------------------------------------------------ 21. SECURED DEBT $0 $0 - ------------------------------------------------------------------------------------------------------------------ 22. OTHER (ATTACH LIST) $775,995 $0 - ------------------------------------------------------------------------------------------------------------------ 23. TOTAL POSTPETITION LIABILITIES $1,381,593 $0 $0 - ------------------------------------------------------------------------------------------------------------------ PREPETITION LIABILITIES - ------------------------------------------------------------------------------------------------------------------ 24. SECURED DEBT $152,776 $131,980 $0 - ------------------------------------------------------------------------------------------------------------------ 25. PRIORITY DEBT $380,384 $0 $0 - ------------------------------------------------------------------------------------------------------------------ 26. UNSECURED DEBT $10,596,326 $18,810,130 $0 - ------------------------------------------------------------------------------------------------------------------ 27. OTHER (ATTACH LIST) $0 $0 - ------------------------------------------------------------------------------------------------------------------ 28. TOTAL PREPETITION LIABILITIES $11,129,486 $18,942,110 $0 $0 - ------------------------------------------------------------------------------------------------------------------ 29. TOTAL LIABILITIES $11,129,486 $20,323,703 $0 $0 - ------------------------------------------------------------------------------------------------------------------ EQUITY - ------------------------------------------------------------------------------------------------------------------ 30. PREPETITION OWNERS' EQUITY $49,811,366 $0 - ------------------------------------------------------------------------------------------------------------------ 31. POSTPETITION CUMULATIVE PROFIT OR (LOSS) ($170,586) $0 - ------------------------------------------------------------------------------------------------------------------ 32. DIRECT CHARGES TO EQUITY (ATTACH EXPLANATION) - ------------------------------------------------------------------------------------------------------------------ 33. TOTAL EQUITY $0 $49,640,780 $0 $0 - ------------------------------------------------------------------------------------------------------------------ 34. TOTAL LIABILITIES & OWNERS' EQUITY $11,129,486 $69,964,483 $0 $0 - ------------------------------------------------------------------------------------------------------------------
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 July 2000 TOTAL - ---------------------------------------------------------------------------------------------------------------- 1. GROSS REVENUES $1,698,466 $1,698,466 - ---------------------------------------------------------------------------------------------------------------- 2. LESS: RETURNS & DISCOUNTS $0 $0 $0 - ---------------------------------------------------------------------------------------------------------------- 3. NET REVENUE $1,698,466 $0 $0 $1,698,466 - ---------------------------------------------------------------------------------------------------------------- COST OF GOODS SOLD - ---------------------------------------------------------------------------------------------------------------- 4. MATERIAL $0 $0 $0 - ---------------------------------------------------------------------------------------------------------------- 5. DIRECT LABOR $0 $0 $0 - ---------------------------------------------------------------------------------------------------------------- 6. DIRECT OVERHEAD $0 $0 $0 - ---------------------------------------------------------------------------------------------------------------- 7. TOTAL COST OF GOODS SOLD $0 $0 $0 $0 - ---------------------------------------------------------------------------------------------------------------- 8. GROSS PROFIT $1,698,466 $0 $0 $1,698,466 - ---------------------------------------------------------------------------------------------------------------- OPERATING EXPENSES - ---------------------------------------------------------------------------------------------------------------- 9. OFFICER/INSIDER COMPENSATION $0 $0 $0 - ---------------------------------------------------------------------------------------------------------------- 10. SELLING & MARKETING $0 $0 $0 - ---------------------------------------------------------------------------------------------------------------- 11. GENERAL & ADMINISTRATIVE $470,725 $0 $470,725 - ---------------------------------------------------------------------------------------------------------------- 12. RENT & LEASE $0 $0 $0 - ---------------------------------------------------------------------------------------------------------------- 13. OTHER (ATTACH LIST) $1,921,759 $0 $1,921,759 - ---------------------------------------------------------------------------------------------------------------- 14. TOTAL OPERATING EXPENSES $2,392,484 $0 $0 $2,392,484 - ---------------------------------------------------------------------------------------------------------------- 15. INCOME BEFORE NON-OPERATING INCOME & EXPENSE ($694,018) $0 $0 ($694,018) - ---------------------------------------------------------------------------------------------------------------- OTHER INCOME & EXPENSES - ---------------------------------------------------------------------------------------------------------------- 16. NON-OPERATING INCOME (ATT. LIST) $0 $0 $0 - ---------------------------------------------------------------------------------------------------------------- 17. NON-OPERATING EXPENSE (ATT. LIST) $0 $0 $0 - ---------------------------------------------------------------------------------------------------------------- 18. INTEREST EXPENSE ($40,425) $0 ($40,425) - ---------------------------------------------------------------------------------------------------------------- 19. DEPRECIATION/DEPLETION $174,996 $0 $174,996 - ---------------------------------------------------------------------------------------------------------------- 20. AMORTIZATION $0 $0 $0 - ---------------------------------------------------------------------------------------------------------------- 21. OTHER (ATTACH LIST) $0 $0 $0 - ---------------------------------------------------------------------------------------------------------------- 22. NET OTHER INCOME & EXPENSES $134,571 $0 $0 $134,571 - ---------------------------------------------------------------------------------------------------------------- REORGANIZATION EXPENSES - ---------------------------------------------------------------------------------------------------------------- 23. PROFESSIONAL FEES $0 $0 $0 - ---------------------------------------------------------------------------------------------------------------- 24. U.S. TRUSTEE FEES $0 $0 $0 - ---------------------------------------------------------------------------------------------------------------- 25. OTHER (ATTACH LIST) $0 $0 $0 - ---------------------------------------------------------------------------------------------------------------- 26. TOTAL REORGANIZATION EXPENSES $0 $0 $0 $0 - ---------------------------------------------------------------------------------------------------------------- 27. INCOME TAX ($288,003) $0 ($288,003) - ---------------------------------------------------------------------------------------------------------------- 28. NET PROFIT (LOSS) ($540,586) $0 $0 ($540,586) - ----------------------------------------------------------------------------------------------------------------
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 July 2000 TOTAL - ---------------------------------------------------------------------------------------------------------- 1. CASH - BEGINNING OF MONTH $221,228 $221,228 - ---------------------------------------------------------------------------------------------------------- RECEIPTS FROM OPERATIONS - ---------------------------------------------------------------------------------------------------------- 2. CASH SALES $3,259 $3,259 - ---------------------------------------------------------------------------------------------------------- COLLECTION OF ACCOUNTS RECEIVABLE - ---------------------------------------------------------------------------------------------------------- 3. PREPETITION $3,326,367 $3,326,367 - ---------------------------------------------------------------------------------------------------------- 4. POSTPETITION $0 $0 $0 - ---------------------------------------------------------------------------------------------------------- 5. TOTAL OPERATING RECEIPTS $3,329,626 $0 $0 $3,329,626 - ---------------------------------------------------------------------------------------------------------- NON-OPERATING RECEIPTS - ---------------------------------------------------------------------------------------------------------- 6. LOANS & ADVANCES (ATTACH LIST) $0 $0 - ---------------------------------------------------------------------------------------------------------- 7. SALE OF ASSETS $0 $0 - ---------------------------------------------------------------------------------------------------------- 8. OTHER (ATTACH LIST) ($3,482,059) ($3,482,059) - ---------------------------------------------------------------------------------------------------------- 9. TOTAL NON-OPERATING RECEIPTS ($3,482,059) $0 $0 ($3,482,059) - ---------------------------------------------------------------------------------------------------------- 10. TOTAL RECEIPTS ($152,433) $0 $0 ($152,433) - ---------------------------------------------------------------------------------------------------------- 11. TOTAL CASH AVAILABLE $68,795 $0 $0 $68,795 - ---------------------------------------------------------------------------------------------------------- OPERATING DISBURSEMENTS - ---------------------------------------------------------------------------------------------------------- 12. NET PAYROLL $0 $0 $0 - ---------------------------------------------------------------------------------------------------------- 13. PAYROLL TAXES PAID $0 $0 $0 - ---------------------------------------------------------------------------------------------------------- 14. SALES, USE & OTHER TAXES PAID $0 $0 $0 - ---------------------------------------------------------------------------------------------------------- 15. SECURED/RENTAL/LEASES $0 $0 $0 - ---------------------------------------------------------------------------------------------------------- 16. UTILITIES $0 $0 $0 - ---------------------------------------------------------------------------------------------------------- 17. INSURANCE $0 $0 $0 - ---------------------------------------------------------------------------------------------------------- 18. INVENTORY PURCHASES $0 $0 $0 - ---------------------------------------------------------------------------------------------------------- 19. VEHICLE EXPENSES $0 $0 $0 - ---------------------------------------------------------------------------------------------------------- 20. TRAVEL $0 $0 $0 - ---------------------------------------------------------------------------------------------------------- 21. ENTERTAINMENT $0 $0 $0 - ---------------------------------------------------------------------------------------------------------- 22. REPAIRS & MAINTENANCE $0 $0 $0 - ---------------------------------------------------------------------------------------------------------- 23. SUPPLIES $0 $0 $0 - ---------------------------------------------------------------------------------------------------------- 24. ADVERTISING $0 $0 $0 - ---------------------------------------------------------------------------------------------------------- 25. OTHER (ATTACH LIST) $0 $0 $0 - ---------------------------------------------------------------------------------------------------------- 26. TOTAL OPERATING DISBURSEMENTS $0 $0 $0 $0 - ---------------------------------------------------------------------------------------------------------- REORGANIZATION EXPENSES - ---------------------------------------------------------------------------------------------------------- 27. PROFESSIONAL FEES $0 $0 $0 - ---------------------------------------------------------------------------------------------------------- 28. U.S. TRUSTEE FEES $0 $0 $0 - ---------------------------------------------------------------------------------------------------------- 29. OTHER (ATTACH LIST) $0 $0 $0 - ---------------------------------------------------------------------------------------------------------- 30. TOTAL REORGANIZATION EXPENSES $0 $0 $0 $0 - ---------------------------------------------------------------------------------------------------------- 31. TOTAL DISBURSEMENTS $0 $0 $0 $0 - ---------------------------------------------------------------------------------------------------------- 32. NET CASH FLOW ($152,433) $0 $0 ($152,433) - ---------------------------------------------------------------------------------------------------------- 33. CASH - END OF MONTH $68,795 $0 $0 $68,795 - ----------------------------------------------------------------------------------------------------------
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 July 2000 - ------------------------------------------------------------------------------------------------------------------ 1. 0-30 $1,393,027 - ------------------------------------------------------------------------------------------------------------------ 2. 31-60 $1,649,627 - ------------------------------------------------------------------------------------------------------------------ 3. 61-90 $856,786 - ------------------------------------------------------------------------------------------------------------------ 4. 91+ $4,034,554 - ------------------------------------------------------------------------------------------------------------------ 5. TOTAL ACCOUNTS RECEIVABLE $0 $7,933,994 $0 $0 - ------------------------------------------------------------------------------------------------------------------ 6. AMOUNT CONSIDERED UNCOLLECTIBLE $0 $0 - ------------------------------------------------------------------------------------------------------------------ 7. ACCOUNTS RECEIVABLE (NET) $0 $7,933,994 $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 ($55,073) $0 $0 $0 ($55,073) - ------------------------------------------------------------------------------------------------------------------ 2. STATE $0 $0 $0 $0 $0 - ------------------------------------------------------------------------------------------------------------------ 3. LOCAL $53,357 $0 $0 $0 $53,357 - ------------------------------------------------------------------------------------------------------------------ 4. OTHER (ATTACH LIST) $0 $0 $0 $0 $0 - ------------------------------------------------------------------------------------------------------------------ 5. TOTAL TAXES PAYABLE ($1,716) $0 $0 $0 ($1,716) - ------------------------------------------------------------------------------------------------------------------ 6. ACCOUNTS PAYABLE $304,323 $255,088 $47,653 $250 $607,314 - ------------------------------------------------------------------------------------------------------------------ STATUS OF POSTPETITION TAXES MONTH: July 2000 - ------------------------------------------------------------------------------------------------------------------ BEGINNING AMOUNT ENDING TAX WITHHELD AND/ AMOUNT TAX FEDERAL LIABILITY* 0R ACCRUED PAID LIABILITY - ------------------------------------------------------------------------------------------------------------------ 1. WITHHOLDING** $0 $202,477 $202,477 $0 - ------------------------------------------------------------------------------------------------------------------ 2. FICA-EMPLOYEE** $0 $0 $0 $0 - ------------------------------------------------------------------------------------------------------------------ 3. FICA-EMPLOYER** $0 $0 $0 $0 - ------------------------------------------------------------------------------------------------------------------ 4. UNEMPLOYMENT $0 $0 $0 $0 - ------------------------------------------------------------------------------------------------------------------ 5. INCOME $232,930 ($288,003) $0 ($55,073) - ------------------------------------------------------------------------------------------------------------------ 6. OTHER (ATTACH LIST) $0 $0 $0 $0 - ------------------------------------------------------------------------------------------------------------------ 7. TOTAL FEDERAL TAXES $232,930 ($85,526) $202,477 ($55,073) - ------------------------------------------------------------------------------------------------------------------ STATE AND LOCAL - ------------------------------------------------------------------------------------------------------------------ 8. WITHHOLDING $0 $0 $0 $0 - ------------------------------------------------------------------------------------------------------------------ 9. SALES $640 $162 $356 $446 - ------------------------------------------------------------------------------------------------------------------ 10. EXCISE $72,899 $37,911 $72,899 $37,911 - ------------------------------------------------------------------------------------------------------------------ 11. UNEMPLOYMENT $0 $0 $0 $0 - ------------------------------------------------------------------------------------------------------------------ 12. REAL PROPERTY $15,000 $0 $0 $15,000 - ------------------------------------------------------------------------------------------------------------------ 13. PERSONAL PROPERTY $0 $0 $0 $0 - ------------------------------------------------------------------------------------------------------------------ 14. OTHER (ATTACH LIST) $0 $0 $0 $0 - ------------------------------------------------------------------------------------------------------------------ 15. TOTAL STATE & LOCAL $88,539 $38,073 $73,255 $53,357 - ------------------------------------------------------------------------------------------------------------------ 16. TOTAL TAXES $321,469 ($47,453) $275,732 ($1,716) - ------------------------------------------------------------------------------------------------------------------
* 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 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: July 2000 - ------------------------------------------------------------------------------------------------------------ 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 $54,705 $54,705 - ------------------------------------------------------------------------------------------------------------ 2. ADD: TOTAL DEPOSITS NOT CREDITED $0 $0 $0 - ------------------------------------------------------------------------------------------------------------ 3. SUBTRACT: OUTSTANDING CHECKS $0 $0 $0 - ------------------------------------------------------------------------------------------------------------ 4. OTHER RECONCILING ITEMS ($660) $0 ($660) - ------------------------------------------------------------------------------------------------------------ 5. MONTH END BALANCE PER BOOKS ($660) $54,705 $0 $54,045 - ------------------------------------------------------------------------------------------------------------ 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 $68,795 - ------------------------------------------------------------------------------------------------------------
MONTHLY OPERATING REPORT CASE NAME: KITTY HAWK CHARTERS, INC. ACCRUAL BASIS-6 CASE NUMBER: 400-42143-BJH 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 $0 $4,808 - -------------------------------------------------------------------- 2. Doug Kalitta Salary $10,000 $35,000 - -------------------------------------------------------------------- 3. N/A - -------------------------------------------------------------------- 4. N/A - -------------------------------------------------------------------- 5. N/A - -------------------------------------------------------------------- 6. TOTAL PAYMENTS TO INSIDERS $10,000 $39,808 - --------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------ 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 $0 - -------------------------------------------------------------------------------- 2. (invoice not received prior to 7/31/00 - paid on 8/14/00) - -------------------------------------------------------------------------------- 3. N/A - -------------------------------------------------------------------------------- 4. N/A - -------------------------------------------------------------------------------- 5. N/A - -------------------------------------------------------------------------------- 6. TOTAL $11,579 $0 $0 - -------------------------------------------------------------------------------- MONTHLY OPERATING REPORT CASE NAME: KITTY HAWK CHARTERS, INC. ACCRUAL BASIS-7 CASE NUMBER: 400-42143-BJH 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. Company made the May and June Note payable payments on the GE Capital Note secured by a Lear Jet and 2 engines (Section 1110 payment) - ------------------------------------------------------------------------------------------------------- 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 - ------------------------------------------------------------------------------------------------------- - ------------------------------------------------------------------------------------------------------- - ------------------------------------------------------------------------------------------------------- - ------------------------------------------------------------------------------------------------------- - ------------------------------------------------------------------------------------------------------- - -------------------------------------------------------------------------------------------------------
CASE NAME: KITTY HAWK CHARTERS, INC. FOOTNOTES SUPPLEMENT CASE NUMBER: 400-42143-BJH ACCRUAL BASIS MONTH: July 2000
- ---------------------------------------------------------------------------------------- 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 prepetion 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 do 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. - ------------------------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------------------------ 3 28 All payments are made by Kitty Hawk, Inc. (Case #400-42141) Trustee fees for the previous quarter were paid and are reflected on Kitty Hawk, Inc. Monthly Operating Report. - ------------------------------------------------------------------------------------------------------------
CASE NAME: KITTY HAWK CHARTERS, INC. CASE NUMBER: 400-42143 DETAILS OF OTHER ITEMS ACCRUAL BASIS-1 July 2000 8. OTHER (ATTACH LIST) $ 45,471,928 Reported ----------------------- Intercompany Receivables 45,003,612 Contra A/R 420 A/R Other 52,231 A/R Clearing 78,622 A/R Customer Refund 63,943 A/R Accrued - A/R 401(k) Loan (1,612) A/R Employees 11,156 A/R Clothing Sales 34,853 A/R Payroll Advance - A/R Aging reconciling item 212,476 Fuel Inventory 10,371 Misc 6,082 Security Deposit (226) ----------------------- 45,471,928 Detail ----------------------- - Difference 22. OTHER (ATTACH LIST) $ 775,995 Reported ----------------------- Accrued charter expenses 373,657 Accrued Salaries/Wages 118,843 Accrued 401(k) (24,208) Accrued accounting/legal 40,000 A/P Unrecorded 26,000 Adjusted FET (133,894) A/P Aging reconciling item 7,591 Accrued franchise tax 15,732 Misc 136 Accrued Fuel 352,138 ----------------------- 775,995 Detail ----------------------- - Difference ACCRUAL BASIS-2 13. OTHER (ATTACH LIST) $1,921,759 Reported ----------------------- Ondemand costs 194,560 135 Airline charter costs 121,663 Fuel 405,645 Wages 610,338 Travel expense 14,262 Insurance 38,352 Other 9,998 Rotables/Repair/Consumables 515,736 Shipping Shop materials/equip rental 11,205 Maintenance allocation - ----------------------- 1,921,759 Detail ----------------------- - Difference ACCRUAL BASIS-3 8. OTHER (ATTACH LIST) (3,482,059)Reported ----------------------- Sweeps to Kitty Hawk, Inc. (3,492,043)Detail ----------------------- 9,984 Difference 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: 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: CFO - --------------------------------------- -------------------------- ORIGINAL SIGNATURE OF RESPONSIBLE PARTY TITLE Drew Keith 8/21/00 - --------------------------------------- -------------------------- PRINTED NAME OF RESPONSIBLE PARTY DATE PREPARER: Corporate Controller - --------------------------------------- -------------------------- ORIGINAL SIGNATURE OF PREPARER TITLE Jessica L. Wilson 8/21/00 - --------------------------------------- -------------------------- PRINTED NAME OF PREPARER DATE 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 July 2000 - ------------------------------------------------------------------------------------------------------------------ 1. UNRESTRICTED CASH $40,098 $30,292 $0 - ------------------------------------------------------------------------------------------------------------------ 2. RESTRICTED CASH $0 $0 - ------------------------------------------------------------------------------------------------------------------ 3. TOTAL CASH $40,098 $30,292 $0 $0 - ------------------------------------------------------------------------------------------------------------------ 4. ACCOUNTS RECEIVABLE (NET) $9,006,275 $7,911,886 $0 - ------------------------------------------------------------------------------------------------------------------ 5. INVENTORY $20,429,725 $20,185,546 $0 - ------------------------------------------------------------------------------------------------------------------ 6. NOTES RECEIVABLE $0 $0 - ------------------------------------------------------------------------------------------------------------------ 7. PREPAID EXPENSES $258,310 $0 - ------------------------------------------------------------------------------------------------------------------ 8. OTHER (ATTACH LIST) $21,367,511 ($348,677,077) $0 - ------------------------------------------------------------------------------------------------------------------ 9. TOTAL CURRENT ASSETS $50,843,609 ($320,291,043) $0 $0 - ------------------------------------------------------------------------------------------------------------------ 10. PROPERTY, PLANT & EQUIPMENT $474,988,760 $566,864,544 $0 - ------------------------------------------------------------------------------------------------------------------ 11. LESS: ACCUMULATED DEPRECIATION / DEPLETION $89,110,093 $0 - ------------------------------------------------------------------------------------------------------------------ 12. NET PROPERTY, PLANT & EQUIPMENT $474,988,760 $477,754,451 $0 $0 - ------------------------------------------------------------------------------------------------------------------ 13. DUE FROM INSIDERS $599,113 $0 - ------------------------------------------------------------------------------------------------------------------ 14. OTHER ASSETS - NET OF AMORTIZATION (ATTACH LIST) $0 $0 - ------------------------------------------------------------------------------------------------------------------ 15. OTHER (ATTACH LIST) $0 - ------------------------------------------------------------------------------------------------------------------ 16. TOTAL ASSETS $525,832,369 $158,062,521 $0 $0 - ------------------------------------------------------------------------------------------------------------------ POSTPETITION LIABILITIES - ------------------------------------------------------------------------------------------------------------------ 17. ACCOUNTS PAYABLE $94,965 $0 - ------------------------------------------------------------------------------------------------------------------ 18. TAXES PAYABLE $0 $0 - ------------------------------------------------------------------------------------------------------------------ 19. NOTES PAYABLE $0 $0 - ------------------------------------------------------------------------------------------------------------------ 20. PROFESSIONAL FEES $0 $0 - ------------------------------------------------------------------------------------------------------------------ 21. SECURED DEBT $0 $0 - ------------------------------------------------------------------------------------------------------------------ 22. OTHER (ATTACH LIST) ($726,656) $0 - ------------------------------------------------------------------------------------------------------------------ 23. TOTAL POSTPETITION LIABILITIES ($631,691) $0 $0 - ------------------------------------------------------------------------------------------------------------------ PREPETITION LIABILITIES - ------------------------------------------------------------------------------------------------------------------ 24. SECURED DEBT $23,187,921 $23,109,424 $0 - ------------------------------------------------------------------------------------------------------------------ 25. PRIORITY DEBT $4,672,323 $0 $0 - ------------------------------------------------------------------------------------------------------------------ 26. UNSECURED DEBT $392,188,633 $14,942,082 $0 - ------------------------------------------------------------------------------------------------------------------ 27. OTHER (ATTACH LIST) $92,595,199 $0 - ------------------------------------------------------------------------------------------------------------------ 28. TOTAL PREPETITION LIABILITIES $420,048,877 $130,646,705 $0 $0 - ------------------------------------------------------------------------------------------------------------------ 29. TOTAL LIABILITIES $420,048,877 $130,015,014 $0 $0 - ------------------------------------------------------------------------------------------------------------------ EQUITY - ------------------------------------------------------------------------------------------------------------------ 30. PREPETITION OWNERS' EQUITY $29,200,132 $0 - ------------------------------------------------------------------------------------------------------------------ 31. POSTPETITION CUMULATIVE PROFIT OR (LOSS) ($1,152,625) $0 - ------------------------------------------------------------------------------------------------------------------ 32. DIRECT CHARGES TO EQUITY (ATTACH EXPLANATION) - ------------------------------------------------------------------------------------------------------------------ 33. TOTAL EQUITY $0 $28,047,507 $0 $0 - ------------------------------------------------------------------------------------------------------------------ 34. TOTAL LIABILITIES & OWNERS' EQUITY $420,048,877 $158,062,521 $0 $0 - ------------------------------------------------------------------------------------------------------------------
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 ---------------------------------------------- REVENUES July 2000 TOTAL - ------------------------------------------------------------------------------------------------------ 1. GROSS REVENUES $0 $0 $0 - ------------------------------------------------------------------------------------------------------ 2. LESS: RETURNS & DISCOUNTS $0 $0 $0 - ------------------------------------------------------------------------------------------------------ 3. NET REVENUE $0 $0 $0 $0 - ------------------------------------------------------------------------------------------------------ COST OF GOODS SOLD - ------------------------------------------------------------------------------------------------------ 4. MATERIAL $0 $0 $0 - ------------------------------------------------------------------------------------------------------ 5. DIRECT LABOR $0 $0 $0 - ------------------------------------------------------------------------------------------------------ 6. DIRECT OVERHEAD $0 $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 $0 $0 $0 - ------------------------------------------------------------------------------------------------------ 10. SELLING & MARKETING $0 $0 $0 - ------------------------------------------------------------------------------------------------------ 11. GENERAL & ADMINISTRATIVE $190,377 $0 $190,377 - ------------------------------------------------------------------------------------------------------ 12. RENT & LEASE $21,437 $0 $21,437 - ------------------------------------------------------------------------------------------------------ 13. OTHER (ATTACH LIST) $0 $0 $0 - ------------------------------------------------------------------------------------------------------ 14. TOTAL OPERATING EXPENSES $211,814 $0 $0 $211,814 - ------------------------------------------------------------------------------------------------------ 15. INCOME BEFORE NON-OPERATING INCOME & EXPENSE ($211,814) $0 $0 ($211,814) - ------------------------------------------------------------------------------------------------------ OTHER INCOME & EXPENSES - ------------------------------------------------------------------------------------------------------ 16. NON-OPERATING INCOME (ATT. LIST) $0 $0 $0 - ------------------------------------------------------------------------------------------------------ 17. NON-OPERATING EXPENSE (ATT. LIST) $0 $0 $0 - ------------------------------------------------------------------------------------------------------ 18. INTEREST EXPENSE $386,989 $0 $386,989 - ------------------------------------------------------------------------------------------------------ 19. DEPRECIATION / DEPLETION $0 $0 $0 - ------------------------------------------------------------------------------------------------------ 20. AMORTIZATION $0 $0 $0 - ------------------------------------------------------------------------------------------------------ 21. OTHER (ATTACH LIST) $0 $0 $0 - ------------------------------------------------------------------------------------------------------ 22. NET OTHER INCOME & EXPENSES $386,989 $0 $0 $386,989 - ------------------------------------------------------------------------------------------------------ REORGANIZATION EXPENSES - ------------------------------------------------------------------------------------------------------ 23. PROFESSIONAL FEES $0 $0 $0 - ------------------------------------------------------------------------------------------------------ 24. U.S. TRUSTEE FEES $0 $0 $0 - ------------------------------------------------------------------------------------------------------ 25. OTHER (ATTACH LIST) $0 $0 $0 - ------------------------------------------------------------------------------------------------------ 26. TOTAL REORGANIZATION EXPENSES $0 $0 $0 $0 - ------------------------------------------------------------------------------------------------------ 27. INCOME TAX ($239,521) $0 ($239,521) - ------------------------------------------------------------------------------------------------------ 28. NET PROFIT (LOSS) ($359,282) $0 $0 ($359,282) - ------------------------------------------------------------------------------------------------------
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 July 2000 TOTAL - ---------------------------------------------------------------------------------------------------------- 1. CASH - BEGINNING OF MONTH $30,292 $0 $30,292 - ---------------------------------------------------------------------------------------------------------- RECEIPTS FROM OPERATIONS - ---------------------------------------------------------------------------------------------------------- 2. CASH SALES $0 $0 $0 - ---------------------------------------------------------------------------------------------------------- COLLECTION OF ACCOUNTS RECEIVABLE - ---------------------------------------------------------------------------------------------------------- 3. PREPETITION $0 $0 $0 - ---------------------------------------------------------------------------------------------------------- 4. POSTPETITION $5,000 $0 $5,000 - ---------------------------------------------------------------------------------------------------------- 5. TOTAL OPERATING RECEIPTS $5,000 $0 $0 $5,000 - ---------------------------------------------------------------------------------------------------------- NON - OPERATING RECEIPTS - ---------------------------------------------------------------------------------------------------------- 6. LOANS & ADVANCES (ATTACH LIST) $0 $0 $0 - ---------------------------------------------------------------------------------------------------------- 7. SALE OF ASSETS $0 $0 $0 - ---------------------------------------------------------------------------------------------------------- 8. OTHER (ATTACH LIST) ($5,000) $0 ($5,000) - ---------------------------------------------------------------------------------------------------------- 9. TOTAL NON-OPERATING RECEIPTS ($5,000) $0 $0 ($5,000) - ---------------------------------------------------------------------------------------------------------- 10. TOTAL RECEIPTS $0 $0 $0 $0 - ---------------------------------------------------------------------------------------------------------- 11. TOTAL CASH AVAILABLE $30,292 $0 $0 $30,292 - ---------------------------------------------------------------------------------------------------------- OPERATING DISBURSEMENTS - ---------------------------------------------------------------------------------------------------------- 12. NET PAYROLL $0 $0 $0 - ---------------------------------------------------------------------------------------------------------- 13. PAYROLL TAXES PAID $0 $0 $0 - ---------------------------------------------------------------------------------------------------------- 14. SALES, USE & OTHER TAXES PAID $0 $0 $0 - ---------------------------------------------------------------------------------------------------------- 15. SECURED / RENTAL / LEASES $0 $0 $0 - ---------------------------------------------------------------------------------------------------------- 16. UTILITIES $0 $0 $0 - ---------------------------------------------------------------------------------------------------------- 17. INSURANCE $0 $0 $0 - ---------------------------------------------------------------------------------------------------------- 18. INVENTORY PURCHASES $0 $0 $0 - ---------------------------------------------------------------------------------------------------------- 19. VEHICLE EXPENSES $0 $0 $0 - ---------------------------------------------------------------------------------------------------------- 20. TRAVEL $0 $0 $0 - ---------------------------------------------------------------------------------------------------------- 21. ENTERTAINMENT $0 $0 $0 - ---------------------------------------------------------------------------------------------------------- 22. REPAIRS & MAINTENANCE $0 $0 $0 - ---------------------------------------------------------------------------------------------------------- 23. SUPPLIES $0 $0 $0 - ---------------------------------------------------------------------------------------------------------- 24. ADVERTISING $0 $0 $0 - ---------------------------------------------------------------------------------------------------------- 25. OTHER (ATTACH LIST) $0 $0 $0 - ---------------------------------------------------------------------------------------------------------- 26. TOTAL OPERATING DISBURSEMENTS $0 $0 $0 $0 - ---------------------------------------------------------------------------------------------------------- REORGANIZATION EXPENSES - ---------------------------------------------------------------------------------------------------------- 27. PROFESSIONAL FEES $0 $0 $0 - ---------------------------------------------------------------------------------------------------------- 28. U.S. TRUSTEE FEES $0 $0 $0 - ---------------------------------------------------------------------------------------------------------- 29. OTHER (ATTACH LIST) $0 $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 $30,292 $0 $0 $30,292 - ----------------------------------------------------------------------------------------------------------
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 July 2000 - ------------------------------------------------------------------------------------------------------------------ 1. 0-30 ($21,000) - ------------------------------------------------------------------------------------------------------------------ 2. 31-60 ($16,000) - ------------------------------------------------------------------------------------------------------------------ 3. 61-90 $200 - ------------------------------------------------------------------------------------------------------------------ 4. 91+ $7,948,686 - ------------------------------------------------------------------------------------------------------------------ 5. TOTAL ACCOUNTS RECEIVABLE $0 $7,911,886 $0 $0 - ------------------------------------------------------------------------------------------------------------------ 6. AMOUNT CONSIDERED UNCOLLECTIBLE $0 $0 - ------------------------------------------------------------------------------------------------------------------ 7. ACCOUNTS RECEIVABLE (NET) $0 $7,911,886 $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 $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 $18,255 $40,543 $6,485 $29,682 $94,965 - ------------------------------------------------------------------------------------------------------------------ - ------------------------------------------------ STATUS OF POSTPETITION TAXES MONTH: July 2000 --------------------------------- - ------------------------------------------------------------------------------------------------------------------ BEGINNING AMOUNT ENDING TAX WITHHELD AND/ AMOUNT TAX FEDERAL LIABILITY* 0R ACCRUED PAID LIABILITY - ------------------------------------------------------------------------------------------------------------------ 1. WITHHOLDING** $24,303 $8,373 $32,676 $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 $24,303 $8,373 $32,676 $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 $24,303 $8,373 $32,676 $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. 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: July 2000 ------------------------------------------------ - ------------------------------------------- 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 - ------------------------------------------------------------------------------------------------------------
MONTHLY OPERATING REPORT CASE NAME: KITTY HAWK INTERNATIONAL, INC. ACCRUAL BASIS-6 CASE NUMBER: 400-42144 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. Pete Sanderlin Salary $17,200 - -------------------------------------------------------------------- 2. Tom Mealie Salary $17,200 - -------------------------------------------------------------------- 3. N/A - -------------------------------------------------------------------- 4. N/A - -------------------------------------------------------------------- 5. N/A - -------------------------------------------------------------------- 6. TOTAL PAYMENTS TO INSIDERS $0 $34,400 - --------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------ 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 - ------------------------------------------------------------------------------ MONTHLY OPERATING REPORT CASE NAME: KITTY HAWK INTERNATIONAL, INC. ACCRUAL BASIS-7 CASE NUMBER: 400-42144 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. 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. Delinquent amount was $29,739.46 and was paid on 7/13/00. Company also paid $25,031.70 of Pilot Union dues withheld from April 2000 payroll. Additionally, Company paid $99,824.30 of pre-petition American Express Card charges for pilot after the Court approved Company motion on 7/5/00. Company also paid $6,700 of employee moving expenses as authorized by Court order on 7/5/00. - ----------------------------------- 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 - -----------------------------------------------------------------------------------------------------
CASE NAME: KITTY HAWK INTERNATIONAL, INC. FOOTNOTES SUPPLEMENT CASE NUMBER: 400-42144 ACCRUAL BASIS MONTH: July 2000 --------------------------
- -------------------------------------------------------------------------------------------------------------------- ACCRUAL BASSIS 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 July 2000 consisted of costs associated with shut down procedures and maintaining collateral. - -------------------------------------------------------------------------------------------------------------------- 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 assessments 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. - -------------------------------------------------------------------------------------------------------------------- 3 28 All payments are made by Kitty Hawk, Inc. (Case #400-42141) Trustee fees for the previous quarter were paid and are reflected on Kitty Hawk, Inc. Monthly Operating Report. - --------------------------------------------------------------------------------------------------------------------
CASE NAME: Kitty Hawk International, Inc. CASE NUMBER: 400-42144 DETAILS OF OTHER ITEMS ACCRUAL BASIS-1 July 2000 8. OTHER (ATTACH LIST) $ (348,677,077) Reported ----------------------- Intercompany Receivables (376,849,982) A/R Senior Noteholders 172,441 A/R Other (87,873) A/R 401(k) Loan (10,048) A/R Employees (1,470) A/R Insurance 133,954 A/R Payroll Advance 679 A/R Travel Advance (520) A/R Pass Thru billings (114,500) A/R Aging Reconciling item 661 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 135,014 Deposits - Landing Fees 5,016 Deposits - Aircraft 584,321 Accum Amortization (378,604) Security Deposit 425,066 ----------------------- (348,677,077) Detail ----------------------- - Difference 22. OTHER (ATTACH LIST) $ (726,656) Reported ----------------------- Accrued income taxes (768,417) A/P Aging reconciling difference (303) Accrued interest - Accrued 401(k) (5,359) Accrued payroll taxes 873 Accrued Salaries/Wages 9,000 Accrued Fuel 37,550 ----------------------- (726,656) Detail ----------------------- - Difference CASE NAME: KITTY HAWK INTERNATIONAL, INC. CASE NUMBER: 400-42144 DETAILS OF OTHER ITEMS 27. OTHER (ATTACH LIST) $ 92,595,199 Reported ----------------------- Deferred Taxes 87,246,212 Accrued Taxes payable (18,954,646) 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 Uncleared 4/28/00 Payroll Checks 66,601 A/P Other/Accrued/Unrecorded 3,570,981 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 ----------------------- 92,595,199 Detail ----------------------- - Differnece ACCRUAL BASIS-3 8. OTHER (ATTACH LIST) (5,000) Reported ----------------------- Transfer to Inc - all money sweeps (5,000) Detail ----------------------- to KH Inc. Case #400-42141 - Difference ----------------------- 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 ----------------------- EX-99.6 7 0007.txt EXHIBIT 99.6 MONTHLY OPERATING REPORT CASE NAME: OK TURBINES, INC. ACCRUAL BASIS CASE NUMBER: 400-42146-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: 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: CFO - --------------------------------------- ---------------------- ORIGINAL SIGNATURE OF RESPONSIBLE PARTY TITLE Drew Keith 8/21/00 - --------------------------------------- ---------------------- PRINTED NAME OF RESPONSIBLE PARTY DATE PREPARER: Corporate Controller - --------------------------------------- ---------------------- ORIGINAL SIGNATURE OF PREPARER TITLE Jessica L. Wilson 8/21/00 - --------------------------------------- ---------------------- PRINTED NAME OF PREPARER DATE MONTHLY OPERATING REPORT CASE NAME: OK TURBINES, INC. ACCRUAL BASIS-1 CASE NUMBER: 400-42146-BJH-11 02/13/95, RWD, 2/96
- ---------------------------------------------------------- COMPARATIVE BALANCE SHEET - ------------------------------------------------------------------------------------------------------------------ MONTH MONTH MONTH SCHEDULE -------------------------------------------------------- ASSETS AMOUNT July 2000 - ------------------------------------------------------------------------------------------------------------------ 1. UNRESTRICTED CASH $299,835 $185,603 $0 - ------------------------------------------------------------------------------------------------------------------ 2. RESTRICTED CASH $0 $0 - ------------------------------------------------------------------------------------------------------------------ 3. TOTAL CASH $299,835 $185,603 $0 $0 - ------------------------------------------------------------------------------------------------------------------ 4. ACCOUNTS RECEIVABLE (NET) $569,077 $685,482 $0 - ------------------------------------------------------------------------------------------------------------------ 5. INVENTORY $4,135,448 $4,054,421 $0 - ------------------------------------------------------------------------------------------------------------------ 6. NOTES RECEIVABLE $0 $0 $0 - ------------------------------------------------------------------------------------------------------------------ 7. PREPAID EXPENSES $0 $0 $0 - ------------------------------------------------------------------------------------------------------------------ 8. OTHER (ATTACH LIST) $30,000 ($1,074,355) $0 - ------------------------------------------------------------------------------------------------------------------ 9. TOTAL CURRENT ASSETS $5,034,360 $3,851,151 $0 $0 - ------------------------------------------------------------------------------------------------------------------ 10. PROPERTY, PLANT & EQUIPMENT $474,012 $568,177 $0 - ------------------------------------------------------------------------------------------------------------------ 11. LESS: ACCUMULATED DEPRECIATION / DEPLETION $0 $105,567 $0 - ------------------------------------------------------------------------------------------------------------------ 12. NET PROPERTY, PLANT & EQUIPMENT $474,012 $462,610 $0 $0 - ------------------------------------------------------------------------------------------------------------------ 13. DUE FROM INSIDERS $0 $0 $0 - ------------------------------------------------------------------------------------------------------------------ 14. OTHER ASSETS - NET OF AMORTIZATION (ATTACH LIST) $0 $0 $0 - ------------------------------------------------------------------------------------------------------------------ 15. OTHER (ATTACH LIST) $0 $0 $0 - ------------------------------------------------------------------------------------------------------------------ 16. TOTAL ASSETS $5,508,372 $4,313,761 $0 $0 - ------------------------------------------------------------------------------------------------------------------ POSTPETITION LIABILITIES - ------------------------------------------------------------------------------------------------------------------ 17. ACCOUNTS PAYABLE $22,527 $0 - ------------------------------------------------------------------------------------------------------------------ 18. TAXES PAYABLE $0 $0 - ------------------------------------------------------------------------------------------------------------------ 19. NOTES PAYABLE $0 $0 - ------------------------------------------------------------------------------------------------------------------ 20. PROFESSIONAL FEES $0 $0 - ------------------------------------------------------------------------------------------------------------------ 21. SECURED DEBT $0 $0 - ------------------------------------------------------------------------------------------------------------------ 22. OTHER (ATTACH LIST) $0 $0 - ------------------------------------------------------------------------------------------------------------------ 23. TOTAL POSTPETITION LIABILITIES $22,527 $0 $0 - ------------------------------------------------------------------------------------------------------------------ PREPETITION LIABILITIES - ------------------------------------------------------------------------------------------------------------------ 24. SECURED DEBT $0 $0 $0 - ------------------------------------------------------------------------------------------------------------------ 25. PRIORITY DEBT $28,268 $0 $0 - ------------------------------------------------------------------------------------------------------------------ 26. UNSECURED DEBT $493,554 $522,843 $0 - ------------------------------------------------------------------------------------------------------------------ 27. OTHER (ATTACH LIST) $0 $0 $0 - ------------------------------------------------------------------------------------------------------------------ 28. TOTAL PREPETITION LIABILITIES $521,822 $522,843 $0 $0 - ------------------------------------------------------------------------------------------------------------------ 29. TOTAL LIABILITIES $521,822 $545,370 $0 $0 - ------------------------------------------------------------------------------------------------------------------ EQUITY - ------------------------------------------------------------------------------------------------------------------ 30. PREPETITION OWNERS' EQUITY $3,790,619 $0 - ------------------------------------------------------------------------------------------------------------------ 31. POSTPETITION CUMULATIVE PROFIT OR (LOSS) ($22,228) $0 - ------------------------------------------------------------------------------------------------------------------ 32. DIRECT CHARGES TO EQUITY (ATTACH EXPLANATION) - ------------------------------------------------------------------------------------------------------------------ 33. TOTAL EQUITY $0 $3,768,391 $0 $0 - ------------------------------------------------------------------------------------------------------------------ 34. TOTAL LIABILITIES & OWNERS' EQUITY $521,822 $4,313,761 $0 $0 - ------------------------------------------------------------------------------------------------------------------
MONTHLY OPERATING REPORT CASE NAME: OK TURBINES, INC. ACCRUAL BASIS-2 CASE NUMBER: 400-42146-BJH-11 02/13/95, RWD, 2/96
- ----------------------------------------- INCOME STATEMENT - ------------------------------------------------------------------------------------------------------ MONTH MONTH MONTH QUARTER ---------------------------------------------- REVENUES July 2000 TOTAL - ------------------------------------------------------------------------------------------------------ 1. GROSS REVENUES $432,830 $0 $432,830 - ------------------------------------------------------------------------------------------------------ 2. LESS: RETURNS & DISCOUNTS $0 $0 $0 - ------------------------------------------------------------------------------------------------------ 3. NET REVENUE $432,830 $0 $0 $432,830 - ------------------------------------------------------------------------------------------------------ COST OF GOODS SOLD - ------------------------------------------------------------------------------------------------------ 4. MATERIAL $318,325 $0 $318,325 - ------------------------------------------------------------------------------------------------------ 5. DIRECT LABOR $36,811 $0 $36,811 - ------------------------------------------------------------------------------------------------------ 6. DIRECT OVERHEAD $190 $0 $190 - ------------------------------------------------------------------------------------------------------ 7. TOTAL COST OF GOODS SOLD $355,326 $0 $0 $355,326 - ------------------------------------------------------------------------------------------------------ 8. GROSS PROFIT $77,504 $0 $0 $77,504 - ------------------------------------------------------------------------------------------------------ OPERATING EXPENSES - ------------------------------------------------------------------------------------------------------ 9. OFFICER / INSIDER COMPENSATION $7,933 $0 $7,933 - ------------------------------------------------------------------------------------------------------ 10. SELLING & MARKETING $594 $0 $594 - ------------------------------------------------------------------------------------------------------ 11. GENERAL & ADMINISTRATIVE $26,855 $0 $26,855 - ------------------------------------------------------------------------------------------------------ 12. RENT & LEASE $2,804 $0 $2,804 - ------------------------------------------------------------------------------------------------------ 13. OTHER (ATTACH LIST) $36,639 $0 $36,639 - ------------------------------------------------------------------------------------------------------ 14. TOTAL OPERATING EXPENSES $74,825 $0 $0 $74,825 - ------------------------------------------------------------------------------------------------------ 15. INCOME BEFORE NON-OPERATING INCOME & EXPENSE $2,679 $0 $0 $2,679 - ------------------------------------------------------------------------------------------------------ OTHER INCOME & EXPENSES - ------------------------------------------------------------------------------------------------------ 16. NON-OPERATING INCOME (ATT. LIST) $0 $0 $0 - ------------------------------------------------------------------------------------------------------ 17. NON-OPERATING EXPENSE (ATT. LIST) $0 $0 $0 - ------------------------------------------------------------------------------------------------------ 18. INTEREST EXPENSE $0 $0 $0 - ------------------------------------------------------------------------------------------------------ 19. DEPRECIATION / DEPLETION $3,801 $0 $3,801 - ------------------------------------------------------------------------------------------------------ 20. AMORTIZATION $0 $0 $0 - ------------------------------------------------------------------------------------------------------ 21. OTHER (ATTACH LIST) $0 $0 $0 - ------------------------------------------------------------------------------------------------------ 22. NET OTHER INCOME & EXPENSES $3,801 $0 $0 $3,801 - ------------------------------------------------------------------------------------------------------ REORGANIZATION EXPENSES - ------------------------------------------------------------------------------------------------------ 23. PROFESSIONAL FEES $0 $0 $0 - ------------------------------------------------------------------------------------------------------ 24. U.S. TRUSTEE FEES $0 $0 $0 - ------------------------------------------------------------------------------------------------------ 25. OTHER (ATTACH LIST) $0 $0 $0 - ------------------------------------------------------------------------------------------------------ 26. TOTAL REORGANIZATION EXPENSES $0 $0 $0 $0 - ------------------------------------------------------------------------------------------------------ 27. INCOME TAX $0 $0 $0 - ------------------------------------------------------------------------------------------------------ 28. NET PROFIT (LOSS) ($1,122) $0 $0 ($1,122) - ------------------------------------------------------------------------------------------------------
MONTHLY OPERATING REPORT CASE NAME: OK TURBINES, INC. ACCRUAL BASIS-3 CASE NUMBER: 400-42146-BJH-11 02/13/95, RWD, 2/96
- ---------------------------------------------------------------------------------------------------------- CASH RECEIPTS AND MONTH MONTH MONTH QUARTER -------------------------------------------------- DISBURSEMENTS July 2000 TOTAL - ---------------------------------------------------------------------------------------------------------- 1. CASH - BEGINNING OF MONTH $369,827 $0 $369,827 - ---------------------------------------------------------------------------------------------------------- RECEIPTS FROM OPERATIONS - ---------------------------------------------------------------------------------------------------------- 2. CASH SALES $0 $0 $0 - ---------------------------------------------------------------------------------------------------------- COLLECTION OF ACCOUNTS RECEIVABLE - ---------------------------------------------------------------------------------------------------------- 3. PREPETITION $28,639 $0 $28,639 - ---------------------------------------------------------------------------------------------------------- 4. POSTPETITION $259,272 $0 $259,272 - ---------------------------------------------------------------------------------------------------------- 5. TOTAL OPERATING RECEIPTS $287,911 $0 $0 $287,911 - ---------------------------------------------------------------------------------------------------------- NON - OPERATING RECEIPTS - ---------------------------------------------------------------------------------------------------------- 6. LOANS & ADVANCES (ATTACH LIST) $0 $0 $0 - ---------------------------------------------------------------------------------------------------------- 7. SALE OF ASSETS $0 $0 $0 - ---------------------------------------------------------------------------------------------------------- 8. OTHER (ATTACH LIST) $1,615 $0 $1,615 - ---------------------------------------------------------------------------------------------------------- 9. TOTAL NON-OPERATING RECEIPTS $1,615 $0 $0 $1,615 - ---------------------------------------------------------------------------------------------------------- 10. TOTAL RECEIPTS $289,526 $0 $0 $289,526 - ---------------------------------------------------------------------------------------------------------- 11. TOTAL CASH AVAILABLE $659,353 $0 $0 $659,353 - ---------------------------------------------------------------------------------------------------------- OPERATING DISBURSEMENTS - ---------------------------------------------------------------------------------------------------------- 12. NET PAYROLL $82,417 $0 $82,417 - ---------------------------------------------------------------------------------------------------------- 13. PAYROLL TAXES PAID $6,225 $0 $6,225 - ---------------------------------------------------------------------------------------------------------- 14. SALES, USE & OTHER TAXES PAID $0 $0 $0 - ---------------------------------------------------------------------------------------------------------- 15. SECURED / RENTAL / LEASES $3,222 $0 $3,222 - ---------------------------------------------------------------------------------------------------------- 16. UTILITIES $2,422 $0 $2,422 - ---------------------------------------------------------------------------------------------------------- 17. INSURANCE $0 $0 $0 - ---------------------------------------------------------------------------------------------------------- 18. INVENTORY PURCHASES $289,871 $0 $289,871 - ---------------------------------------------------------------------------------------------------------- 19. VEHICLE EXPENSES $6 $0 $6 - ---------------------------------------------------------------------------------------------------------- 20. TRAVEL $0 $0 $0 - ---------------------------------------------------------------------------------------------------------- 21. ENTERTAINMENT $140 $0 $140 - ---------------------------------------------------------------------------------------------------------- 22. REPAIRS & MAINTENANCE $38,262 $0 $38,262 - ---------------------------------------------------------------------------------------------------------- 23. SUPPLIES $29,339 $0 $29,339 - ---------------------------------------------------------------------------------------------------------- 24. ADVERTISING $231 $0 $231 - ---------------------------------------------------------------------------------------------------------- 25. OTHER (ATTACH LIST) $17,865 $0 $17,865 - ---------------------------------------------------------------------------------------------------------- 26. TOTAL OPERATING DISBURSEMENTS $470,000 $0 $0 $470,000 - ---------------------------------------------------------------------------------------------------------- REORGANIZATION EXPENSES - ---------------------------------------------------------------------------------------------------------- 27. PROFESSIONAL FEES $0 $0 $0 - ---------------------------------------------------------------------------------------------------------- 28. U.S. TRUSTEE FEES $3,750 $0 $3,750 - ---------------------------------------------------------------------------------------------------------- 29. OTHER (ATTACH LIST) $0 $0 $0 - ---------------------------------------------------------------------------------------------------------- 30. TOTAL REORGANIZATION EXPENSES $3,750 $0 $0 $3,750 - ---------------------------------------------------------------------------------------------------------- 31. TOTAL DISBURSEMENTS $473,750 $0 $0 $473,750 - ---------------------------------------------------------------------------------------------------------- 32. NET CASH FLOW ($184,224) $0 $0 ($184,224) - ---------------------------------------------------------------------------------------------------------- 33. CASH - END OF MONTH $185,603 $0 $0 $185,603 - ----------------------------------------------------------------------------------------------------------
MONTHLY OPERATING REPORT CASE NAME: OK TURBINES, INC. ACCRUAL BASIS-4 CASE NUMBER: 400-42146-BJH-11 02/13/95, RWD, 2/96
- ------------------------------------------------------------------------------------------------------------------ SCHEDULE MONTH MONTH MONTH ------------------------------------------------- ACCOUNTS RECEIVABLE AGING AMOUNT July 2000 - ------------------------------------------------------------------------------------------------------------------ 1. 0-30 $278,617 $0 - ------------------------------------------------------------------------------------------------------------------ 2. 31-60 $173,078 $0 - ------------------------------------------------------------------------------------------------------------------ 3. 61-90 $8,730 $0 - ------------------------------------------------------------------------------------------------------------------ 4. 91+ $237,901 $0 - ------------------------------------------------------------------------------------------------------------------ 5. TOTAL ACCOUNTS RECEIVABLE $0 $698,326 $0 $0 - ------------------------------------------------------------------------------------------------------------------ 6. AMOUNT CONSIDERED UNCOLLECTIBLE $12,844 $0 - ------------------------------------------------------------------------------------------------------------------ 7. ACCOUNTS RECEIVABLE (NET) $0 $685,482 $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 $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 $20,405 $2,122 $0 $0 $22,527 - ------------------------------------------------------------------------------------------------------------------ - ------------------------------------------------ STATUS OF POSTPETITION TAXES MONTH: July 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 $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. MONTHLY OPERATING REPORT CASE NAME: OK TURBINES, INC. ACCRUAL BASIS-5 CASE NUMBER: 400-42146-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: July 2000 ------------------------------------------------ - ------------------------------------------- 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 $254,140 $0 $0 $254,140 - ------------------------------------------------------------------------------------------------------------ 2. ADD: TOTAL DEPOSITS NOT CREDITED $0 $0 $0 $0 - ------------------------------------------------------------------------------------------------------------ 3. SUBTRACT: OUTSTANDING CHECKS $69,009 $0 $0 $69,009 - ------------------------------------------------------------------------------------------------------------ 4. OTHER RECONCILING ITEMS $0 $0 $0 $0 - ------------------------------------------------------------------------------------------------------------ 5. MONTH END BALANCE PER BOOKS $185,131 $0 $0 $185,131 - ------------------------------------------------------------------------------------------------------------ 6. NUMBER OF LAST CHECK WRITTEN 5268 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 $472 - ------------------------------------------------------------------------------------------------------------ 13. TOTAL CASH - END OF MONTH $185,603 - ------------------------------------------------------------------------------------------------------------
MONTHLY OPERATING REPORT CASE NAME: OK TURBINES, INC. ACCRUAL BASIS-6 CASE NUMBER: 400-42146-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. GREGG NIMMO Reimbursment $60 $8,152 - -------------------------------------------------------------------- 2. GREGG NIMMO Salary $7,933 $27,766 - -------------------------------------------------------------------- 3. - -------------------------------------------------------------------- 4. - -------------------------------------------------------------------- 5. - -------------------------------------------------------------------- 6. TOTAL PAYMENTS TO INSIDERS $7,993 $35,918 - --------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------ 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 $2,394 $0 - -------------------------------------------------------------------------------- 2. Other various $827 - -------------------------------------------------------------------------------- 3. N/A - -------------------------------------------------------------------------------- 4. N/A - -------------------------------------------------------------------------------- 5. N/A - -------------------------------------------------------------------------------- 6. TOTAL $2,335 $3,221 $0 - -------------------------------------------------------------------------------- MONTHLY OPERATING REPORT CASE NAME: OK TURBINES, INC. ACCRUAL BASIS-7 CASE NUMBER: 400-42146-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. Case #400-42141 - -------------------------------------------------------------------------------------------------------
CASE NAME: OK TURBINES, INC. FOOTNOTES SUPPLEMENT CASE NUMBER: 400-42146-BJH-11 ACCRUAL BASIS MONTH: July 2000 ------------------------- ACCRUAL BASIS LINE FORM NUMBER NUMBER FOOTNOTE / EXPLANATION - ------------------------------------------------------------------------------ 3 12 All payroll is paid out of Kitty Hawk Charters, 13 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. - ------------------------------------------------------------------------------ CASE NAME: OK TURBINES, INC. CASE NUMBER: 400-42146-BJH-11 DETAILS OF OTHER ITEMS ACCRUAL BASIS-1 July 2000 8. OTHER (ATTACH LIST) $ (1,074,355) Reported ----------------------- Intercompany Receivables (1,140,775) Uncollectible A/R 12,844 Security Deposit 53,576 ----------------------- (1,074,355) Detail ----------------------- - Difference ACCRUAL BASIS-2 13. OTHER (ATTACH LIST) $ 36,639 Reported ----------------------- Inventory Reserve Allocation 36,639 Detail ----------------------- - Difference ACCRUAL BASIS-3 8. OTHER (ATTACH LIST) $ 1,615 Reported ----------------------- Voided checks 1,615 Detail ----------------------- - Difference 25. OTHER (ATTACH LIST) 17,865 Reported ----------------------- Bank Fees 26 Freight 6,975 Fuel 845 Petty Cash 19 Subscriptions 3,496 Refunds 4,544 Outside Services 676 Phones 1,234 Postage 50 ----------------------- 17,865 Detail ----------------------- - Difference EX-99.7 8 0008.txt EXHIBIT 99.7 MONTHLY OPERATING REPORT CASE NAME: LONGHORN SOLUTIONS, INC. ACCRUAL BASIS CASE NUMBER: 400-42147-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: 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: CFO - --------------------------------------- -------------------- ORIGINAL SIGNATURE OF RESPONSIBLE PARTY TITLE Drew Keith 8/21/00 - --------------------------------------- -------------------- PRINTED NAME OF RESPONSIBLE PARTY DATE PREPARER: Corporate Controller - --------------------------------------- -------------------- ORIGINAL SIGNATURE OF PREPARER TITLE Jessica L. Wilson 8/21/00 - --------------------------------------- -------------------- PRINTED NAME OF PREPARER DATE MONTHLY OPERATING REPORT CASE NAME: LONGHORN SOLUTIONS, INC. ACCRUAL BASIS-1 CASE NUMBER: 400-42147-BJH-11 02/13/95, RWD, 2/96
- ---------------------------------------------------------- COMPARATIVE BALANCE SHEET - ------------------------------------------------------------------------------------------------------------------ MONTH MONTH MONTH SCHEDULE -------------------------------------------------------- ASSETS AMOUNT July 2000 - ------------------------------------------------------------------------------------------------------------------ 1. UNRESTRICTED CASH $3,646 $6,863 $0 - ------------------------------------------------------------------------------------------------------------------ 2. RESTRICTED CASH $0 $0 - ------------------------------------------------------------------------------------------------------------------ 3. TOTAL CASH $3,646 $6,863 $0 $0 - ------------------------------------------------------------------------------------------------------------------ 4. ACCOUNTS RECEIVABLE (NET) $76,002 $17,842 $0 - ------------------------------------------------------------------------------------------------------------------ 5. INVENTORY $0 $0 - ------------------------------------------------------------------------------------------------------------------ 6. NOTES RECEIVABLE $0 $0 - ------------------------------------------------------------------------------------------------------------------ 7. PREPAID EXPENSES $0 $0 - ------------------------------------------------------------------------------------------------------------------ 8. OTHER (ATTACH LIST) $375,137 $549,783 $0 - ------------------------------------------------------------------------------------------------------------------ 9. TOTAL CURRENT ASSETS $454,785 $574,488 $0 $0 - ------------------------------------------------------------------------------------------------------------------ 10. PROPERTY, PLANT & EQUIPMENT $120,412 $162,895 $0 - ------------------------------------------------------------------------------------------------------------------ 11. LESS: ACCUMULATED DEPRECIATION / DEPLETION $54,342 $0 - ------------------------------------------------------------------------------------------------------------------ 12. NET PROPERTY, PLANT & EQUIPMENT $120,412 $108,553 $0 $0 - ------------------------------------------------------------------------------------------------------------------ 13. DUE FROM INSIDERS $0 $0 - ------------------------------------------------------------------------------------------------------------------ 14. OTHER ASSETS - NET OF AMORTIZATION (ATTACH LIST) $2,892,844 $2,807,971 $0 - ------------------------------------------------------------------------------------------------------------------ 15. OTHER (ATTACH LIST) $0 $0 - ------------------------------------------------------------------------------------------------------------------ 16. TOTAL ASSETS $3,468,041 $3,491,012 $0 $0 - ------------------------------------------------------------------------------------------------------------------ POSTPETITION LIABILITIES - ------------------------------------------------------------------------------------------------------------------ 17. ACCOUNTS PAYABLE $1,374 $0 - ------------------------------------------------------------------------------------------------------------------ 18. TAXES PAYABLE $987 $0 - ------------------------------------------------------------------------------------------------------------------ 19. NOTES PAYABLE $0 $0 - ------------------------------------------------------------------------------------------------------------------ 20. PROFESSIONAL FEES $0 $0 - ------------------------------------------------------------------------------------------------------------------ 21. SECURED DEBT $0 $0 - ------------------------------------------------------------------------------------------------------------------ 22. OTHER (ATTACH LIST) $0 $0 - ------------------------------------------------------------------------------------------------------------------ 23. TOTAL POSTPETITION LIABILITIES $2,361 $0 $0 - ------------------------------------------------------------------------------------------------------------------ PREPETITION LIABILITIES - ------------------------------------------------------------------------------------------------------------------ 24. SECURED DEBT $0 $0 - ------------------------------------------------------------------------------------------------------------------ 25. PRIORITY DEBT $73,455 $0 $0 - ------------------------------------------------------------------------------------------------------------------ 26. UNSECURED DEBT $68,502 $62,673 $0 - ------------------------------------------------------------------------------------------------------------------ 27. OTHER (ATTACH LIST) $1,231,717 $0 - ------------------------------------------------------------------------------------------------------------------ 28. TOTAL PREPETITION LIABILITIES $141,957 $1,294,390 $0 $0 - ------------------------------------------------------------------------------------------------------------------ 29. TOTAL LIABILITIES $141,957 $1,296,751 $0 $0 - ------------------------------------------------------------------------------------------------------------------ EQUITY - ------------------------------------------------------------------------------------------------------------------ 30. PREPETITION OWNERS' EQUITY $2,194,261 $0 - ------------------------------------------------------------------------------------------------------------------ 31. POSTPETITION CUMULATIVE PROFIT OR (LOSS) $0 $0 - ------------------------------------------------------------------------------------------------------------------ 32. DIRECT CHARGES TO EQUITY (ATTACH EXPLANATION) - ------------------------------------------------------------------------------------------------------------------ 33. TOTAL EQUITY $0 $2,194,261 $0 $0 - ------------------------------------------------------------------------------------------------------------------ 34. TOTAL LIABILITIES & OWNERS' EQUITY $141,957 $3,491,012 $0 $0 - ------------------------------------------------------------------------------------------------------------------
MONTHLY OPERATING REPORT CASE NAME: LONGHORN SOLUTIONS, INC. ACCRUAL BASIS-2 CASE NUMBER: 400-42147-BJH-11 02/13/95, RWD, 2/96
- ----------------------------------------- INCOME STATEMENT - ------------------------------------------------------------------------------------------------------ MONTH MONTH MONTH QUARTER ---------------------------------------------- REVENUES July 2000 TOTAL - ------------------------------------------------------------------------------------------------------ 1. GROSS REVENUES $9,125 $9,125 - ------------------------------------------------------------------------------------------------------ 2. LESS: RETURNS & DISCOUNTS $0 $0 $0 - ------------------------------------------------------------------------------------------------------ 3. NET REVENUE $9,125 $0 $0 $9,125 - ------------------------------------------------------------------------------------------------------ COST OF GOODS SOLD - ------------------------------------------------------------------------------------------------------ 4. MATERIAL $0 $0 $0 - ------------------------------------------------------------------------------------------------------ 5. DIRECT LABOR $0 $0 $0 - ------------------------------------------------------------------------------------------------------ 6. DIRECT OVERHEAD $0 $0 $0 - ------------------------------------------------------------------------------------------------------ 7. TOTAL COST OF GOODS SOLD $0 $0 $0 $0 - ------------------------------------------------------------------------------------------------------ 8. GROSS PROFIT $9,125 $0 $0 $9,125 - ------------------------------------------------------------------------------------------------------ OPERATING EXPENSES - ------------------------------------------------------------------------------------------------------ 9. OFFICER / INSIDER COMPENSATION $12,500 $0 $12,500 - ------------------------------------------------------------------------------------------------------ 10. SELLING & MARKETING $0 $0 $0 - ------------------------------------------------------------------------------------------------------ 11. GENERAL & ADMINISTRATIVE ($77,736) $0 ($77,736) - ------------------------------------------------------------------------------------------------------ 12. RENT & LEASE $11,567 $0 $11,567 - ------------------------------------------------------------------------------------------------------ 13. OTHER (ATTACH LIST) $0 $0 $0 - ------------------------------------------------------------------------------------------------------ 14. TOTAL OPERATING EXPENSES ($53,669) $0 $0 ($53,669) - ------------------------------------------------------------------------------------------------------ 15. INCOME BEFORE NON-OPERATING INCOME & EXPENSE $62,794 $0 $0 $62,794 - ------------------------------------------------------------------------------------------------------ OTHER INCOME & EXPENSES - ------------------------------------------------------------------------------------------------------ 16. NON-OPERATING INCOME (ATT. LIST) $0 $0 $0 - ------------------------------------------------------------------------------------------------------ 17. NON-OPERATING EXPENSE (ATT. LIST) $0 $0 $0 - ------------------------------------------------------------------------------------------------------ 18. INTEREST EXPENSE $0 $0 $0 - ------------------------------------------------------------------------------------------------------ 19. DEPRECIATION / DEPLETION $3,743 $0 $3,743 - ------------------------------------------------------------------------------------------------------ 20. AMORTIZATION $28,291 $0 $28,291 - ------------------------------------------------------------------------------------------------------ 21. OTHER (ATTACH LIST) $0 $0 $0 - ------------------------------------------------------------------------------------------------------ 22. NET OTHER INCOME & EXPENSES $32,034 $0 $0 $32,034 - ------------------------------------------------------------------------------------------------------ REORGANIZATION EXPENSES - ------------------------------------------------------------------------------------------------------ 23. PROFESSIONAL FEES $0 $0 $0 - ------------------------------------------------------------------------------------------------------ 24. U.S. TRUSTEE FEES $0 $0 $0 - ------------------------------------------------------------------------------------------------------ 25. OTHER (ATTACH LIST) $0 $0 $0 - ------------------------------------------------------------------------------------------------------ 26. TOTAL REORGANIZATION EXPENSES $0 $0 $0 $0 - ------------------------------------------------------------------------------------------------------ 27. INCOME TAX $0 $0 $0 - ------------------------------------------------------------------------------------------------------ 28. NET PROFIT (LOSS) $30,760 $0 $0 $30,760 - ------------------------------------------------------------------------------------------------------
MONTHLY OPERATING REPORT CASE NAME: LONGHORN SOLUTIONS, INC. ACCRUAL BASIS-3 CASE NUMBER: 400-42147-BJH-11 02/13/95, RWD, 2/96
- ---------------------------------------------------------------------------------------------------------- CASH RECEIPTS AND MONTH MONTH MONTH QUARTER -------------------------------------------------- DISBURSEMENTS July 2000 TOTAL - ---------------------------------------------------------------------------------------------------------- 1. CASH - BEGINNING OF MONTH $25,072 $0 $25,072 - ---------------------------------------------------------------------------------------------------------- RECEIPTS FROM OPERATIONS - ---------------------------------------------------------------------------------------------------------- 2. CASH SALES $0 $0 $0 - ---------------------------------------------------------------------------------------------------------- COLLECTION OF ACCOUNTS RECEIVABLE - ---------------------------------------------------------------------------------------------------------- 3. PREPETITION $0 $0 $0 - ---------------------------------------------------------------------------------------------------------- 4. POSTPETITION $2,731 $0 $2,731 - ---------------------------------------------------------------------------------------------------------- 5. TOTAL OPERATING RECEIPTS $2,731 $0 $0 $2,731 - ---------------------------------------------------------------------------------------------------------- NON - OPERATING RECEIPTS - ---------------------------------------------------------------------------------------------------------- 6. LOANS & ADVANCES (ATTACH LIST) $0 $0 $0 - ---------------------------------------------------------------------------------------------------------- 7. SALE OF ASSETS $0 $0 $0 - ---------------------------------------------------------------------------------------------------------- 8. OTHER (ATTACH LIST) $0 $0 $0 - ---------------------------------------------------------------------------------------------------------- 9. TOTAL NON-OPERATING RECEIPTS $0 $0 $0 $0 - ---------------------------------------------------------------------------------------------------------- 10. TOTAL RECEIPTS $2,731 $0 $0 $2,731 - ---------------------------------------------------------------------------------------------------------- 11. TOTAL CASH AVAILABLE $27,803 $0 $0 $27,803 - ---------------------------------------------------------------------------------------------------------- OPERATING DISBURSEMENTS - ---------------------------------------------------------------------------------------------------------- 12. NET PAYROLL $0 $0 $0 - ---------------------------------------------------------------------------------------------------------- 13. PAYROLL TAXES PAID $0 $0 $0 - ---------------------------------------------------------------------------------------------------------- 14. SALES, USE & OTHER TAXES PAID $1,823 $0 $1,823 - ---------------------------------------------------------------------------------------------------------- 15. SECURED / RENTAL / LEASES $11,530 $0 $11,530 - ---------------------------------------------------------------------------------------------------------- 16. UTILITIES $3,537 $0 $3,537 - ---------------------------------------------------------------------------------------------------------- 17. INSURANCE $0 $0 $0 - ---------------------------------------------------------------------------------------------------------- 18. INVENTORY PURCHASES $0 $0 $0 - ---------------------------------------------------------------------------------------------------------- 19. VEHICLE EXPENSES $0 $0 $0 - ---------------------------------------------------------------------------------------------------------- 20. TRAVEL $0 $0 $0 - ---------------------------------------------------------------------------------------------------------- 21. ENTERTAINMENT $0 $0 $0 - ---------------------------------------------------------------------------------------------------------- 22. REPAIRS & MAINTENANCE $0 $0 $0 - ---------------------------------------------------------------------------------------------------------- 23. SUPPLIES $946 $0 $946 - ---------------------------------------------------------------------------------------------------------- 24. ADVERTISING $0 $0 $0 - ---------------------------------------------------------------------------------------------------------- 25. OTHER (ATTACH LIST) $2,604 $0 $2,604 - ---------------------------------------------------------------------------------------------------------- 26. TOTAL OPERATING DISBURSEMENTS $20,440 $0 $0 $20,440 - ---------------------------------------------------------------------------------------------------------- REORGANIZATION EXPENSES - ---------------------------------------------------------------------------------------------------------- 27. PROFESSIONAL FEES $0 $0 $0 - ---------------------------------------------------------------------------------------------------------- 28. U.S. TRUSTEE FEES $500 $0 $500 - ---------------------------------------------------------------------------------------------------------- 29. OTHER (ATTACH LIST) $0 $0 $0 - ---------------------------------------------------------------------------------------------------------- 30. TOTAL REORGANIZATION EXPENSES $500 $0 $0 $500 - ---------------------------------------------------------------------------------------------------------- 31. TOTAL DISBURSEMENTS $20,940 $0 $0 $20,940 - ---------------------------------------------------------------------------------------------------------- 32. NET CASH FLOW ($18,209) $0 $0 ($18,209) - ---------------------------------------------------------------------------------------------------------- 33. CASH - END OF MONTH $6,863 $0 $0 $6,863 - ----------------------------------------------------------------------------------------------------------
MONTHLY OPERATING REPORT CASE NAME: LONGHORN SOLUTIONS, INC. ACCRUAL BASIS-4 CASE NUMBER: 400-42147-BJH-11 02/13/95, RWD, 2/96
- ------------------------------------------------------------------------------------------------------------------ MONTH MONTH MONTH SCHEDULE ------------------------------------------------- ACCOUNTS RECEIVABLE AGING AMOUNT July 2000 - ------------------------------------------------------------------------------------------------------------------ 1. 0-30 $7,412 - ------------------------------------------------------------------------------------------------------------------ 2. 31-60 $5,621 - ------------------------------------------------------------------------------------------------------------------ 3. 61-90 $5,575 - ------------------------------------------------------------------------------------------------------------------ 4. 91+ $815 - ------------------------------------------------------------------------------------------------------------------ 5. TOTAL ACCOUNTS RECEIVABLE $0 $19,423 $0 $0 - ------------------------------------------------------------------------------------------------------------------ 6. AMOUNT CONSIDERED UNCOLLECTIBLE $1,581 - ------------------------------------------------------------------------------------------------------------------ 7. ACCOUNTS RECEIVABLE (NET) $0 $17,842 $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 $0 $0 $0 $0 $0 - ------------------------------------------------------------------------------------------------------------------ 2. STATE $987 $0 $0 $0 $987 - ------------------------------------------------------------------------------------------------------------------ 3. LOCAL $0 $0 $0 $0 $0 - ------------------------------------------------------------------------------------------------------------------ 4. OTHER (ATTACH LIST) $0 $0 $0 $0 $0 - ------------------------------------------------------------------------------------------------------------------ 5. TOTAL TAXES PAYABLE $987 $0 $0 $0 $987 - ------------------------------------------------------------------------------------------------------------------ 6. ACCOUNTS PAYABLE $1,056 $318 $0 $0 $1,374 - ------------------------------------------------------------------------------------------------------------------ - ------------------------------------------------ STATUS OF POSTPETITION TAXES MONTH: July 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 $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 $2,336 $474 $1,823 $987 - ------------------------------------------------------------------------------------------------------------------ 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 $2,336 $474 $1,823 $987 - ------------------------------------------------------------------------------------------------------------------ 16. TOTAL TAXES $2,336 $474 $1,823 $987 - ------------------------------------------------------------------------------------------------------------------
* 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: LONGHORN SOLUTIONS, INC. ACCRUAL BASIS-5 CASE NUMBER: 400-42147-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: June 2000 --------------------------------------------------- - -------------------------------------------- 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 $8,857 $0 $8,857 - --------------------------------------------------------------------------------------------------------------- 2. ADD: TOTAL DEPOSITS NOT CREDITED $0 $0 $0 - --------------------------------------------------------------------------------------------------------------- 3. SUBTRACT: OUTSTANDING CHECKS $2,195 $0 $2,195 - --------------------------------------------------------------------------------------------------------------- 4. OTHER RECONCILING ITEMS $0 $0 $0 - --------------------------------------------------------------------------------------------------------------- 5. MONTH END BALANCE PER BOOKS $6,662 $0 $0 $6,662 - --------------------------------------------------------------------------------------------------------------- 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 $201 - --------------------------------------------------------------------------------------------------------------- 13. TOTAL CASH - END OF MONTH $6,863 - ---------------------------------------------------------------------------------------------------------------
MONTHLY OPERATING REPORT CASE NAME: LONGHORN SOLUTIONS, INC. ACCRUAL BASIS-6 CASE NUMBER: 400-42147-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. Mary Phillips Salary $12,500 $37,500 - -------------------------------------------------------------------- 2. - -------------------------------------------------------------------- 3. - -------------------------------------------------------------------- 4. - -------------------------------------------------------------------- 5. - -------------------------------------------------------------------- 6. TOTAL PAYMENTS TO INSIDERS $12,500 $37,500 - --------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------ 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 - -------------------------------------------------------------------------------- MONTHLY OPERATING REPORT CASE NAME: LONGHORN SOLUTIONS, INC. ACCRUAL BASIS-7 CASE NUMBER: 400-42147-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 - ------------------------------------------------------------------------------------------------------- Property Insurance CAN Transcontinental Ins. Co. 9/11/99 - 9/11/00 $ 1,603.00 Annual - ------------------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------------------- See Kitty Hawk, Inc. Case #400-42141 - -------------------------------------------------------------------------------------------------------
CASE NAME: LONGHORN SOLUTIONS, INC. FOOTNOTES SUPPLEMENT CASE NUMBER: 400-42147-BJH-11 ACCRUAL BASIS MONTH: July 2000 ------------------------- 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. - ------------------------------------------------------------------------------ CASE NAME: LONGHORN SOLUTIONS, INC. CASE NUMBER: 400-42147-BJH-11 DETAILS OF OTHER ITEMS ACCRUAL BASIS-1 July 2000 8. OTHER (ATTACH LIST) $ 549,783 Reported ----------------------- Intercompany Receivables 510,118 Deferred Taxes 36,717 Security Deposit 2,948 ----------------------- 549,783 Detail ----------------------- - Difference 14. OTHER ASSETS - NET OF AMORTIZATION (ATTACH LIST) $2,807,971 Reported ----------------------- Software knowledge 3,397,989 Accum Amortization (590,018) ----------------------- 2,807,971 Detail ----------------------- - Difference 27. OTHER (ATTACH LIST) $ 1,231,717 Reported ----------------------- Accrued income taxes (71,204) Deffered Revenue 6,000 Deferred income tax expense 1,296,921 ----------------------- 1,231,717 Detail ----------------------- - Difference ACCRUAL BASIS-3 25. OTHER (ATTACH LIST) 2,604 Reported ----------------------- Hardware 642 Hardware Maintenance 349 Equipment repair 332 Internet 427 Misc 44 Janitorial 617 PC Mileage 85 Postage & Delivery 108 ----------------------- 2,604 Detail ----------------------- - Difference EX-99.8 9 0009.txt EXHIBIT 99.8 MONTHLY OPERATING REPORT CASE NAME: AIRCRAFT LEASING, INC. ACCRUAL BASIS CASE NUMBER: 400-42148-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: 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 8/16/00 - --------------------------------------- --------------------------------- PRINTED NAME OF RESPONSIBLE PARTY DATE PREPARER: CONTROLLER, KITTY HAWK INC. - --------------------------------------- --------------------------------- ORIGINAL SIGNATURE OF PREPARER TITLE KEVIN K. CRAIG 8/16/00 - --------------------------------------- --------------------------------- PRINTED NAME OF PREPARER DATE MONTHLY OPERATING REPORT CASE NAME: AIRCRAFT LEASING, INC. ACCRUAL BASIS-1 CASE NUMBER: 400-42148-BJH-11 02/13/95, RWD, 2/96
COMPARATIVE BALANCE SHEET - ------------------------------------------------------------------------------------------------------------------ SCHEDULE MONTH MONTH MONTH ---------------------------------------------------- ASSETS AMOUNT JULY, 2000 - ------------------------------------------------------------------------------------------------------------------ 1. UNRESTRICTED CASH $0 $0 - ------------------------------------------------------------------------------------------------------------------ 2. RESTRICTED CASH $0 $3,527,846 - ------------------------------------------------------------------------------------------------------------------ 3. TOTAL CASH $0 $3,527,846 $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) ($30,268,594) - ------------------------------------------------------------------------------------------------------------------ 9. TOTAL CURRENT ASSETS ($33,904,344) ($26,740,748) $0 $0 - ------------------------------------------------------------------------------------------------------------------ 10. PROPERTY, PLANT & EQUIPMENT $81,907,719 $81,907,719 - ------------------------------------------------------------------------------------------------------------------ 11. LESS: ACCUMULATED DEPRECIATION/DEPLETION $33,669,772 $35,386,895 - ------------------------------------------------------------------------------------------------------------------ 12. NET PROPERTY, PLANT & EQUIPMENT $48,237,946 $46,520,824 $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 $19,780,076 $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) $745,265 - ------------------------------------------------------------------------------------------------------------------ 23. TOTAL POSTPETITION LIABILITIES $745,265 $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 $5,968,992 $0 $0 - ------------------------------------------------------------------------------------------------------------------ EQUITY - ------------------------------------------------------------------------------------------------------------------ 30. PREPETITION OWNERS' EQUITY $0 $12,789,185 - ------------------------------------------------------------------------------------------------------------------ 31. POSTPETITION CUMULATIVE PROFIT OR (LOSS) $1,021,899 - ------------------------------------------------------------------------------------------------------------------ 32. DIRECT CHARGES TO EQUITY (ATTACH EXPLANATION) $0 $0 - ------------------------------------------------------------------------------------------------------------------ 33. TOTAL EQUITY $0 $13,811,084 $0 $0 - ------------------------------------------------------------------------------------------------------------------ 34. TOTAL LIABILITIES & OWNERS' EQUITY $4,111,383 $19,780,076 $0 $0 - ------------------------------------------------------------------------------------------------------------------
MONTHLY OPERATING REPORT CASE NAME: AIRCRAFT LEASING, INC. ACCRUAL BASIS-2 CASE NUMBER: 400-42148-BJH-11 02/13/95, RWD, 2/96
INCOME STATEMENT - ------------------------------------------------------------------------------------------------------ MONTH MONTH MONTH QUARTER ---------------------------------------------- REVENUES JULY, 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 ($9,060) ($9,060) - ------------------------------------------------------------------------------------------------------ 12. RENT & LEASE $0 $0 - ------------------------------------------------------------------------------------------------------ 13. OTHER (ATTACH LIST) $0 $0 - ------------------------------------------------------------------------------------------------------ 14. TOTAL OPERATING EXPENSES ($9,060) $0 $0 ($9,060) - ------------------------------------------------------------------------------------------------------ 15. INCOME BEFORE NON-OPERATING INCOME & EXPENSE $1,204,560 $0 $0 $1,204,560 - ------------------------------------------------------------------------------------------------------ OTHER INCOME & EXPENSES - ------------------------------------------------------------------------------------------------------ 16. NON-OPERATING INCOME (ATT. LIST) ($15,690) ($15,690) - ------------------------------------------------------------------------------------------------------ 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 $578,121 $0 $0 $578,121 - ------------------------------------------------------------------------------------------------------ REORGANIZATION EXPENSES - ------------------------------------------------------------------------------------------------------ 23. PROFESSIONAL FEES $132,366 $132,366 - ------------------------------------------------------------------------------------------------------ 24. U.S. TRUSTEE FEES $0 $0 - ------------------------------------------------------------------------------------------------------ 25. OTHER (ATTACH LIST) $0 $0 - ------------------------------------------------------------------------------------------------------ 26. TOTAL REORGANIZATION EXPENSES $132,366 $0 $0 $132,366 - ------------------------------------------------------------------------------------------------------ 27. INCOME TAX $197,629 $197,629 - ------------------------------------------------------------------------------------------------------ 28. NET PROFIT (LOSS) $296,444 $0 $0 $296,444 - ------------------------------------------------------------------------------------------------------
MONTHLY OPERATING REPORT CASE NAME: AIRCRAFT LEASING, INC. ACCRUAL BASIS-3 CASE NUMBER: 400-42148-BJH-11 02/13/95, RWD, 2/96
- ---------------------------------------------------------------------------------------------------------- CASH RECEIPTS AND MONTH MONTH MONTH QUARTER -------------------------------------------------- DISBURSEMENTS JULY, 2000 TOTAL - ---------------------------------------------------------------------------------------------------------- 1. CASH - BEGINNING OF MONTH $3,585,463 $3,527,847 $3,527,847 $3,585,463 - ---------------------------------------------------------------------------------------------------------- RECEIPTS FROM OPERATIONS - ---------------------------------------------------------------------------------------------------------- 2. CASH SALES $0 $0 $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) $15,690 $15,690 - ---------------------------------------------------------------------------------------------------------- 9. TOTAL NON-OPERATING RECEIPTS $15,690 $0 $0 $15,690 - ---------------------------------------------------------------------------------------------------------- 10. TOTAL RECEIPTS $15,690 $0 $0 $15,690 - ---------------------------------------------------------------------------------------------------------- 11. TOTAL CASH AVAILABLE $3,601,153 $3,527,847 $3,527,847 $3,601,153 - ---------------------------------------------------------------------------------------------------------- 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) ($59,060) ($59,060) - ---------------------------------------------------------------------------------------------------------- 26. TOTAL OPERATING DISBURSEMENTS ($59,060) $0 $0 ($59,060) - ---------------------------------------------------------------------------------------------------------- REORGANIZATION EXPENSES - ---------------------------------------------------------------------------------------------------------- 27. PROFESSIONAL FEES $132,366 $132,366 - ---------------------------------------------------------------------------------------------------------- 28. U.S. TRUSTEE FEES $0 $0 - ---------------------------------------------------------------------------------------------------------- 29. OTHER (ATTACH LIST) $0 $0 - ---------------------------------------------------------------------------------------------------------- 30. TOTAL REORGANIZATION EXPENSES $132,366 $0 $0 $132,366 - ---------------------------------------------------------------------------------------------------------- 31. TOTAL DISBURSEMENTS $73,306 $0 $0 $73,306 - ---------------------------------------------------------------------------------------------------------- 32. NET CASH FLOW ($57,616) $0 $0 ($57,616) - ---------------------------------------------------------------------------------------------------------- 33. CASH - END OF MONTH $3,527,847 $3,527,847 $3,527,847 $3,527,847 - ----------------------------------------------------------------------------------------------------------
MONTHLY OPERATING REPORT CASE NAME: AIRCRAFT LEASING, INC. ACCRUAL BASIS-4 CASE NUMBER: 400-42148-BJH-11 02/13/95, RWD, 2/96
- ------------------------------------------------------------------------------------------------------------------ SCHEDULE MONTH MONTH MONTH --------------------------------------------- ACCOUNTS RECEIVABLE AGING AMOUNT JULY, 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: JULY, 2000 - ------------------------------------------------------------------------------------------------------------------ 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: JULY, 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 $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. MONTHLY OPERATING REPORT CASE NAME: AIRCRAFT LEASING, INC. ACCRUAL BASIS-5 CASE NUMBER: 400-42148-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.
BANK RECONCILIATIONS MONTH: JULY, 2000 - ------------------------------------------------------------------------------------------------------------------------- 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 $0 - ------------------------------------------------------------------------------------------------------------------------- 8. HSBC Bank USA (ESCROW) #10-876110 6/19/00 MONEY MARKET $3,560,463 $3,527,847 - ------------------------------------------------------------------------------------------------------------------------- 9. - ------------------------------------------------------------------------------------------------------------------------- 10. - ------------------------------------------------------------------------------------------------------------------------- 11. TOTAL INVESTMENTS $3,527,847 - ------------------------------------------------------------------------------------------------------------------------- CASH - ------------------------------------------------------------------------------------------------------------------------- 12. CURRENCY ON HAND $0 - ------------------------------------------------------------------------------------------------------------------------- 13. TOTAL CASH - END OF MONTH $3,527,847 - -------------------------------------------------------------------------------------------------------------------------
MONTHLY OPERATING REPORT CASE NAME: AIRCRAFT LEASING, INC. ACCRUAL BASIS-6 CASE NUMBER: 400-42148-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. SEE KITTY HAWK, INC. MOR - CASE # 400-42141-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 # 400-42141-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) $0 $0 $28,212 - ------------------------------------------------------------------------------------------------------------ 2. FIRST SOURCE BANK (RPS) $8,791 $0 $26,373 - ------------------------------------------------------------------------------------------------------------ 3. FIRST SOURCE BANK (AIA) $56,073 $0 $168,219 - ------------------------------------------------------------------------------------------------------------ 4. $0 - ------------------------------------------------------------------------------------------------------------ 5. $0 - ------------------------------------------------------------------------------------------------------------ 6. TOTAL $64,864 $0 $222,804 - ------------------------------------------------------------------------------------------------------------
MONTHLY OPERATING REPORT CASE NAME: AIRCRAFT LEASING, INC. ACCRUAL BASIS-7 CASE NUMBER: 400-42148-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. - ------------------------------------------------------------------------------------------------------- a) $738 Bank Charges for Money Market (Bank One Trust-Escrow) account - ------------------------------------------------------------------------------------------------------- b) $93,501 Disbursement to Successor Trustee of (HSBC-Escrow) account - ------------------------------------------------------------------------------------------------------- c) $(20,933) Refund for Retainer of Trustee Legal Fees (Bank One Trust/HSBC-Escrow) account - ------------------------------------------------------------------------------------------------------- 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 # 400-42141-BJH-11 - ------------------------------------------------------------------------------------------------------- - ------------------------------------------------------------------------------------------------------- - ------------------------------------------------------------------------------------------------------- - ------------------------------------------------------------------------------------------------------- - ------------------------------------------------------------------------------------------------------- - -------------------------------------------------------------------------------------------------------
MONTHLY OPERATING REPORT CASE NAME: AIRCRAFT LEASING, INC. ACCRUAL BASIS-ATTACHMENT CASE NUMBER: 400-42148-BJH-11 MONTH: JULY, 2000
MOR # ITEM # LIST OR EXPLANATION 1 - BS 8 a) $50,000 Deposit for Retainer & Legal Fees from Bank One Trust to Lessor's Counsel b) ($30,318,594) Intercompany Cummulative Receivable/Payable Credit Balance 1 - BS 22 a) $63,998 Accrued Accounts Payable (Post-petition) a) $681,267 Accrued Federal Income Taxes (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) $15,690 Interest Income (from Bank One Trust-Escrow account) 3 - CF 8 a) $15,690 Interest Income (from Bank One Trust & HSBC-Escrow accounts) 3 - CF 25 a) $738 Bank Charges for Money Market (Bank One Trust-Escrow) account b) $(9,798) Reclass Disbursement for Trustee Fees (Bank One Trust-Escrow) account to Professional Fees c) $(50,000) Reclass Disbursement Deposit for Retainer of Trustee Legal Fees to Professional Fees 3 - CF 28 a) All payments are made by Kitty Hawk, Inc. (Case #400-42141) Trustee fees for the previous quarter were paid & are reflected on Kitty Hawk, Inc. MOR 4 - AP T6 a) Federal Income Taxes are now shown as Other Accrued Liabilities (due to deferred tax credits) 7 - QA 2 a) $738 Bank Charges for Money Market (Bank One Trust-Escrow) account b) $93,501 Disbursement to Successor Trustee of (HSBC-Escrow) account c) $(20,933) Refund for Retainer of Trustee Legal Fees (Bank One Trust-Escrow) account
EX-99.9 10 0010.txt EXHIBIT 99.9 MONTHLY OPERATING REPORT CASE NAME: AMERICAN INTERNATIONAL TRAVEL, INC. ACCRUAL BASIS CASE NUMBER: 400-42149-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: 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: CFO - --------------------------------------- -------------------- ORIGINAL SIGNATURE OF RESPONSIBLE PARTY TITLE Drew Keith 8/21/00 - --------------------------------------- -------------------- PRINTED NAME OF RESPONSIBLE PARTY DATE PREPARER: Corporate Controller - --------------------------------------- -------------------- ORIGINAL SIGNATURE OF PREPARER TITLE Jessica L. Wilson 8/21/00 - --------------------------------------- -------------------- PRINTED NAME OF PREPARER DATE MONTHLY OPERATING REPORT CASE NAME: AMERICAN INTERNATIONAL TRAVEL, INC. ACCRUAL BASIS-1 CASE NUMBER: 400-42149-BJH-11 02/13/95, RWD, 2/96
COMPARATIVE BALANCE SHEET - ------------------------------------------------------------------------------------------------------------------------- SCHEDULE MONTH MONTH MONTH -------------------------------------------------------- ASSETS AMOUNT July 2000 - ------------------------------------------------------------------------------------------------------------------------- 1. UNRESTRICTED CASH $64,520 $0 $0 - ------------------------------------------------------------------------------------------------------------------------- 2. RESTRICTED CASH $0 $0 - ------------------------------------------------------------------------------------------------------------------------- 3. TOTAL CASH $64,520 $0 $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) ($439,246) $0 - ------------------------------------------------------------------------------------------------------------------------- 9. TOTAL CURRENT ASSETS $64,520 ($439,246) $0 $0 - ------------------------------------------------------------------------------------------------------------------------- 10. PROPERTY, PLANT & EQUIPMENT $0 $0 - ------------------------------------------------------------------------------------------------------------------------- 11. LESS: ACCUMULATED DEPRECIATION/DEPLETION $0 $0 - ------------------------------------------------------------------------------------------------------------------------- 12. NET PROPERTY, PLANT & EQUIPMENT $0 $0 $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 $64,520 ($439,246) $0 $0 - ------------------------------------------------------------------------------------------------------------------------- POSTPETITION LIABILITIES - ------------------------------------------------------------------------------------------------------------------------- 17. ACCOUNTS PAYABLE $0 $0 - ------------------------------------------------------------------------------------------------------------------------- 18. TAXES PAYABLE $0 $0 - ------------------------------------------------------------------------------------------------------------------------- 19. NOTES PAYABLE $0 $0 - ------------------------------------------------------------------------------------------------------------------------- 20. PROFESSIONAL FEES $0 $0 - ------------------------------------------------------------------------------------------------------------------------- 21. SECURED DEBT $0 $0 - ------------------------------------------------------------------------------------------------------------------------- 22. OTHER (ATTACH LIST) $0 $0 - ------------------------------------------------------------------------------------------------------------------------- 23. TOTAL POSTPETITION LIABILITIES $0 $0 $0 - ------------------------------------------------------------------------------------------------------------------------- PREPETITION LIABILITIES - ------------------------------------------------------------------------------------------------------------------------- 24. SECURED DEBT $0 $0 - ------------------------------------------------------------------------------------------------------------------------- 25. PRIORITY DEBT $16,503 $0 $0 - ------------------------------------------------------------------------------------------------------------------------- 26. UNSECURED DEBT $513,635 ($84,891) - ------------------------------------------------------------------------------------------------------------------------- 27. OTHER (ATTACH LIST) $0 $0 - ------------------------------------------------------------------------------------------------------------------------- 28. TOTAL PREPETITION LIABILITIES $530,138 ($84,891) $0 $0 - ------------------------------------------------------------------------------------------------------------------------- 29. TOTAL LIABILITIES $530,138 ($84,891) $0 $0 - ------------------------------------------------------------------------------------------------------------------------- EQUITY - ------------------------------------------------------------------------------------------------------------------------- 30. PREPETITION OWNERS' EQUITY ($359,163) - ------------------------------------------------------------------------------------------------------------------------- 31. POSTPETITION CUMULATIVE PROFIT OR (LOSS) $4,808 - ------------------------------------------------------------------------------------------------------------------------- 32. DIRECT CHARGES TO EQUITY (ATTACH EXPLANATION) - ------------------------------------------------------------------------------------------------------------------------- 33. TOTAL EQUITY $0 ($354,355) $0 $0 - ------------------------------------------------------------------------------------------------------------------------- 34. TOTAL LIABILITIES & OWNERS' EQUITY $530,138 ($439,246) $0 $0 - -------------------------------------------------------------------------------------------------------------------------
MONTHLY OPERATING REPORT CASE NAME: AMERICAN INTERNATIONAL TRAVEL, INC. ACCRUAL BASIS-2 CASE NUMBER: 400-42149-BJH-11 02/13/95, RWD, 2/96
INCOME STATEMENT - ---------------------------------------------------------------------------------------------------------------------- MONTH MONTH MONTH QUARTER ------------------------------------------------------- REVENUES July 2000 TOTAL - ---------------------------------------------------------------------------------------------------------------------- 1. GROSS REVENUES $6 $6 - ---------------------------------------------------------------------------------------------------------------------- 2. LESS: RETURNS & DISCOUNTS $0 $0 $0 - ---------------------------------------------------------------------------------------------------------------------- 3. NET REVENUE $6 $0 $0 $6 - ---------------------------------------------------------------------------------------------------------------------- COST OF GOODS SOLD - ---------------------------------------------------------------------------------------------------------------------- 4. MATERIAL $0 $0 $0 - ---------------------------------------------------------------------------------------------------------------------- 5. DIRECT LABOR $0 $0 $0 - ---------------------------------------------------------------------------------------------------------------------- 6. DIRECT OVERHEAD $0 $0 $0 - ---------------------------------------------------------------------------------------------------------------------- 7. TOTAL COST OF GOODS SOLD $0 $0 $0 $0 - ---------------------------------------------------------------------------------------------------------------------- 8. GROSS PROFIT $6 $0 $0 $6 - ---------------------------------------------------------------------------------------------------------------------- OPERATING EXPENSES - ---------------------------------------------------------------------------------------------------------------------- 9. OFFICER/INSIDER COMPENSATION $0 $0 $0 - ---------------------------------------------------------------------------------------------------------------------- 10. SELLING & MARKETING $0 $0 $0 - ---------------------------------------------------------------------------------------------------------------------- 11. GENERAL & ADMINISTRATIVE $0 $0 $0 - ---------------------------------------------------------------------------------------------------------------------- 12. RENT & LEASE $0 $0 $0 - ---------------------------------------------------------------------------------------------------------------------- 13. OTHER (ATTACH LIST) $0 $0 $0 - ---------------------------------------------------------------------------------------------------------------------- 14. TOTAL OPERATING EXPENSES $0 $0 $0 $0 - ---------------------------------------------------------------------------------------------------------------------- 15. INCOME BEFORE NON-OPERATING INCOME & EXPENSE $6 $0 $0 $6 - ---------------------------------------------------------------------------------------------------------------------- OTHER INCOME & EXPENSES - ---------------------------------------------------------------------------------------------------------------------- 16. NON-OPERATING INCOME (ATT. LIST) $0 $0 $0 - ---------------------------------------------------------------------------------------------------------------------- 17. NON-OPERATING EXPENSE (ATT. LIST) $0 $0 $0 - ---------------------------------------------------------------------------------------------------------------------- 18. INTEREST EXPENSE $0 $0 $0 - ---------------------------------------------------------------------------------------------------------------------- 19. DEPRECIATION/DEPLETION $0 $0 $0 - ---------------------------------------------------------------------------------------------------------------------- 20. AMORTIZATION $0 $0 $0 - ---------------------------------------------------------------------------------------------------------------------- 21. OTHER (ATTACH LIST) $0 $0 $0 - ---------------------------------------------------------------------------------------------------------------------- 22. NET OTHER INCOME & EXPENSES $0 $0 $0 $0 - ---------------------------------------------------------------------------------------------------------------------- REORGANIZATION EXPENSES - ---------------------------------------------------------------------------------------------------------------------- 23. PROFESSIONAL FEES $0 $0 $0 - ---------------------------------------------------------------------------------------------------------------------- 24. U.S. TRUSTEE FEES $0 $0 $0 - ---------------------------------------------------------------------------------------------------------------------- 25. OTHER (ATTACH LIST) $0 $0 $0 - ---------------------------------------------------------------------------------------------------------------------- 26. TOTAL REORGANIZATION EXPENSES $0 $0 $0 $0 - ---------------------------------------------------------------------------------------------------------------------- 27. INCOME TAX $0 $0 $0 - ---------------------------------------------------------------------------------------------------------------------- 28. NET PROFIT (LOSS) $6 $0 $0 $6 - ----------------------------------------------------------------------------------------------------------------------
MONTHLY OPERATING REPORT CASE NAME: AMERICAN INTERNATIONAL TRAVEL, INC. ACCRUAL BASIS-3 CASE NUMBER: 400-42149-BJH-11 02/13/95, RWD, 2/96
- ---------------------------------------------------------------------------------------------------------- CASH RECEIPTS AND MONTH MONTH MONTH QUARTER -------------------------------------------------- DISBURSEMENTS July 2000 TOTAL - ---------------------------------------------------------------------------------------------------------- 1. CASH - BEGINNING OF MONTH $0 $0 $0 $0 - ---------------------------------------------------------------------------------------------------------- RECEIPTS FROM OPERATIONS - ---------------------------------------------------------------------------------------------------------- 2. CASH SALES $0 $0 $0 - ---------------------------------------------------------------------------------------------------------- COLLECTION OF ACCOUNTS RECEIVABLE - ---------------------------------------------------------------------------------------------------------- 3. PREPETITION $0 $0 $0 - ---------------------------------------------------------------------------------------------------------- 4. POSTPETITION $0 $0 $0 - ---------------------------------------------------------------------------------------------------------- 5. TOTAL OPERATING RECEIPTS $0 $0 $0 $0 - ---------------------------------------------------------------------------------------------------------- NON - OPERATING RECEIPTS - ---------------------------------------------------------------------------------------------------------- 6. LOANS & ADVANCES (ATTACH LIST) $0 $0 $0 - ---------------------------------------------------------------------------------------------------------- 7. SALE OF ASSETS $0 $0 $0 - ---------------------------------------------------------------------------------------------------------- 8. OTHER (ATTACH LIST) $0 $0 $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 $0 $0 - ---------------------------------------------------------------------------------------------------------- 13. PAYROLL TAXES PAID $0 $0 $0 - ---------------------------------------------------------------------------------------------------------- 14. SALES, USE & OTHER TAXES PAID $0 $0 $0 - ---------------------------------------------------------------------------------------------------------- 15. SECURED/RENTAL/LEASES $0 $0 $0 - ---------------------------------------------------------------------------------------------------------- 16. UTILITIES $0 $0 $0 - ---------------------------------------------------------------------------------------------------------- 17. INSURANCE $0 $0 $0 - ---------------------------------------------------------------------------------------------------------- 18. INVENTORY PURCHASES $0 $0 $0 - ---------------------------------------------------------------------------------------------------------- 19. VEHICLE EXPENSES $0 $0 $0 - ---------------------------------------------------------------------------------------------------------- 20. TRAVEL $0 $0 $0 - ---------------------------------------------------------------------------------------------------------- 21. ENTERTAINMENT $0 $0 $0 - ---------------------------------------------------------------------------------------------------------- 22. REPAIRS & MAINTENANCE $0 $0 $0 - ---------------------------------------------------------------------------------------------------------- 23. SUPPLIES $0 $0 $0 - ---------------------------------------------------------------------------------------------------------- 24. ADVERTISING $0 $0 $0 - ---------------------------------------------------------------------------------------------------------- 25. OTHER (ATTACH LIST) $0 $0 $0 - ---------------------------------------------------------------------------------------------------------- 26. TOTAL OPERATING DISBURSEMENTS $0 $0 $0 $0 - ---------------------------------------------------------------------------------------------------------- REORGANIZATION EXPENSES - ---------------------------------------------------------------------------------------------------------- 27. PROFESSIONAL FEES $0 $0 $0 - ---------------------------------------------------------------------------------------------------------- 28. U.S. TRUSTEE FEES $0 $0 $0 - ---------------------------------------------------------------------------------------------------------- 29. OTHER (ATTACH LIST) $0 $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 - ----------------------------------------------------------------------------------------------------------
MONTHLY OPERATING REPORT CASE NAME: AMERICAN INTERNATIONAL TRAVEL, INC. ACCRUAL BASIS-4 CASE NUMBER: 400-42149-BJH-11 02/13/95, RWD, 2/96
- ------------------------------------------------------------------------------------------------------------------ SCHEDULE MONTH MONTH MONTH --------------------------------------------- ACCOUNTS RECEIVABLE AGING AMOUNT July 2000 - ------------------------------------------------------------------------------------------------------------------ 1. 0-30 $0 $0 $0 - ------------------------------------------------------------------------------------------------------------------ 2. 31-60 $0 $0 $0 - ------------------------------------------------------------------------------------------------------------------ 3. 61-90 $0 $0 $0 - ------------------------------------------------------------------------------------------------------------------ 4. 91+ $0 $0 $0 - ------------------------------------------------------------------------------------------------------------------ 5. TOTAL ACCOUNTS RECEIVABLE $0 $0 $0 $0 - ------------------------------------------------------------------------------------------------------------------ 6. AMOUNT CONSIDERED UNCOLLECTIBLE $0 $0 $0 - ------------------------------------------------------------------------------------------------------------------ 7. ACCOUNTS RECEIVABLE (NET) $0 $0 $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 $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: July 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 $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. MONTHLY OPERATING REPORT CASE NAME: AMERICAN INTERNATIONAL TRAVEL, INC. ACCRUAL BASIS-5 CASE NUMBER: 400-42149-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.
BANK RECONCILIATIONS MONTH: JULY, 2000 - ------------------------------------------------------------------------------------------------------------------------- Account #1 Account #2 Account #3 - ------------------------------------------------------------------------------------------------------------------------- A. BANK: - --------------------------------------------------------------------------------------------------------- B. ACCOUNT NUMBER: TOTAL - --------------------------------------------------------------------------------------------------------- C. PURPOSE (TYPE): - ------------------------------------------------------------------------------------------------------------------------- 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 OF MONTH $0 - -------------------------------------------------------------------------------------------------------------------------
MONTHLY OPERATING REPORT CASE NAME: AMERICAN INTERNATIONAL TRAVEL, INC. ACCRUAL BASIS-6 CASE NUMBER: 400-42149-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. 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 - -------------------------------------------------------------------------------- MONTHLY OPERATING REPORT CASE NAME: AMERICAN INTERNATIONAL TRAVEL, INC. ACCRUAL BASIS-7 CASE NUMBER: 400-42149-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 - ------------------------------------------------------------------------------------------------------- Please see Case # 00-42141-BJH-11 - ------------------------------------------------------------------------------------------------------- - ------------------------------------------------------------------------------------------------------- - -------------------------------------------------------------------------------------------------------
CASE NAME: AMERICAN INTERNATIONAL TRAVEL, INC. FOOTNOTES SUPPLEMENT CASE NUMBER: 400-42149-BJH-11 ACCRUAL BASIS MONTH: July 2000
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. - ------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------ 3 28 All payments are made by Kitty Hawk, Inc. (Case #400-42141) Trustee fees for the previous quarter were paid and are reflected on Kitty Hawk, Inc. Monthly Operating Report. - ------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------
CASE NAME: AMERICAN INTERNATIONAL TRAVEL, INC. CASE NUMBER: 400-42149-BJH-11 DETAILS OF OTHER ITEMS ACCRUAL BASIS-1 July 2000 8. OTHER (ATTACH LIST) (439,246)Reported ----------------------- Intercompany Settlements 1,175 A/R KH International (246,861) CDI Inter-divisional Balancing (196,142) CDI - Debit/Credit Transfer 2,582 ----------------------- (439,246)Detail ----------------------- - Difference 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: 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: CFO - ---------------------------------------- ----------------------------- ORIGINAL SIGNATURE OF RESPONSIBLE PARTY TITLE Drew Keith 8/21/00 - ---------------------------------------- ----------------------------- PRINTED NAME OF RESPONSIBLE PARTY DATE PREPARER: Corporate Controller - ---------------------------------------- ----------------------------- ORIGINAL SIGNATURE OF PREPARER TITLE Jessica L. Wilson 8/21/00 - ---------------------------------------- ----------------------------- PRINTED NAME OF PREPARER DATE 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 July 2000 - ------------------------------------------------------------------------------------------------------------------ 1. UNRESTRICTED CASH $0 $0 - ------------------------------------------------------------------------------------------------------------------ 2. RESTRICTED CASH $0 $0 - ------------------------------------------------------------------------------------------------------------------ 3. TOTAL CASH $0 $0 $0 $0 - ------------------------------------------------------------------------------------------------------------------ 4. ACCOUNTS RECEIVABLE (NET) $20,742 - ------------------------------------------------------------------------------------------------------------------ 5. INVENTORY $0 $0 - ------------------------------------------------------------------------------------------------------------------ 6. NOTES RECEIVABLE $0 $0 - ------------------------------------------------------------------------------------------------------------------ 7. PREPAID EXPENSES $0 $0 - ------------------------------------------------------------------------------------------------------------------ 8. OTHER (ATTACH LIST) $39,149 $1,224 $0 - ------------------------------------------------------------------------------------------------------------------ 9. TOTAL CURRENT ASSETS $39,149 $21,966 $0 $0 - ------------------------------------------------------------------------------------------------------------------ 10. PROPERTY, PLANT & EQUIPMENT $0 $0 - ------------------------------------------------------------------------------------------------------------------ 11. LESS: ACCUMULATED DEPRECIATION/DEPLETION $0 $0 - ------------------------------------------------------------------------------------------------------------------ 12. NET PROPERTY, PLANT & EQUIPMENT $0 $0 $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 $39,149 $21,966 $0 $0 - ------------------------------------------------------------------------------------------------------------------ POSTPETITION LIABILITIES - ------------------------------------------------------------------------------------------------------------------ 17. ACCOUNTS PAYABLE $0 $0 - ------------------------------------------------------------------------------------------------------------------ 18. TAXES PAYABLE $0 $0 - ------------------------------------------------------------------------------------------------------------------ 19. NOTES PAYABLE $0 $0 - ------------------------------------------------------------------------------------------------------------------ 20. PROFESSIONAL FEES $0 $0 - ------------------------------------------------------------------------------------------------------------------ 21. SECURED DEBT $0 $0 - ------------------------------------------------------------------------------------------------------------------ 22. OTHER (ATTACH LIST) $0 $0 - ------------------------------------------------------------------------------------------------------------------ 23. TOTAL POSTPETITION LIABILITIES $0 $0 $0 - ------------------------------------------------------------------------------------------------------------------ PREPETITION LIABILITIES - ------------------------------------------------------------------------------------------------------------------ 24. SECURED DEBT $0 $0 - ------------------------------------------------------------------------------------------------------------------ 25. PRIORITY DEBT $0 $0 - ------------------------------------------------------------------------------------------------------------------ 26. UNSECURED DEBT ($16,740) $0 - ------------------------------------------------------------------------------------------------------------------ 27. OTHER (ATTACH LIST) $0 $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) ($250) - ------------------------------------------------------------------------------------------------------------------ 32. DIRECT CHARGES TO EQUITY (ATTACH EXPLANATION) - ------------------------------------------------------------------------------------------------------------------ 33. TOTAL EQUITY $0 $38,706 $0 $0 - ------------------------------------------------------------------------------------------------------------------ 34. TOTAL LIABILITIES & OWNERS' EQUITY $0 $21,966 $0 $0 - ------------------------------------------------------------------------------------------------------------------
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 July 2000 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 $0 $0 - ------------------------------------------------------------------------------------------------------ 10. SELLING & MARKETING $0 $0 - ------------------------------------------------------------------------------------------------------ 11. GENERAL & ADMINISTRATIVE $0 $0 - ------------------------------------------------------------------------------------------------------ 12. RENT & LEASE $0 $0 - ------------------------------------------------------------------------------------------------------ 13. OTHER (ATTACH LIST) $0 $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 $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) $0 $0 $0 $0 - ------------------------------------------------------------------------------------------------------
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 July 2000 TOTAL - ---------------------------------------------------------------------------------------------------------- 1. CASH - BEGINNING OF MONTH $0 $0 $0 - ---------------------------------------------------------------------------------------------------------- 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) $0 $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 $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 - ----------------------------------------------------------------------------------------------------------
MONTHLY OPERATING REPORT CASE NAME: FLIGHT ONE LOGISTICS, INC. ACCRUAL BASIS-4 CASE NUMBER: 400-42069-BJH 02/13/95, RWD, 2/96
- ------------------------------------------------------------------------------------------------------------------ SCHEDULE MONTH MONTH MONTH --------------------------------------------- ACCOUNTS RECEIVABLE AGING AMOUNT July 2000 - ------------------------------------------------------------------------------------------------------------------ 1. 0-30 $0 $0 - ------------------------------------------------------------------------------------------------------------------ 2. 31-60 $0 $0 - ------------------------------------------------------------------------------------------------------------------ 3. 61-90 $0 $0 - ------------------------------------------------------------------------------------------------------------------ 4. 91+ $20,742 $0 - ------------------------------------------------------------------------------------------------------------------ 5. TOTAL ACCOUNTS RECEIVABLE $0 $20,742 $0 $0 - ------------------------------------------------------------------------------------------------------------------ 6. AMOUNT CONSIDERED UNCOLLECTIBLE $0 $0 - ------------------------------------------------------------------------------------------------------------------ 7. ACCOUNTS RECEIVABLE (NET) $0 $20,742 $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 $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 $250 $0 $0 $0 $250 - ------------------------------------------------------------------------------------------------------------------ STATUS OF POSTPETITION TAXES MONTH: July 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 $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. 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 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: 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 OF MONTH $0 - ------------------------------------------------------------------------------------------------------------
MONTHLY OPERATING REPORT CASE NAME: FLIGHT ONE LOGISTICS, INC. ACCRUAL BASIS-6 CASE NUMBER: 400-42069-BJH 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. 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 - -------------------------------------------------------------------------------- MONTHLY OPERATING REPORT CASE NAME: FLIGHT ONE LOGISTICS, INC. ACCRUAL BASIS-7 CASE NUMBER: 400-42069-BJH 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. 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 - -------------------------------------------------------------------------------------------------------
CASE NAME: FLIGHT ONE LOGISTICS, INC. FOOTNOTES SUPPLEMENT CASE NUMBER: 400-42069-BJH ACCRUAL BASIS MONTH: July 2000
- --------------------------------------------------------------------------------------------- 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 assessments of uncollectible accounts receivable are done at Kitty Hawk, Inc. Refer to Case #400-42141. All reserves are recorded at Inc. and pushed down to Inc.'s subsidiaries as deemed necessary. - --------------------------------------------------------------------------------------------- - --------------------------------------------------------------------------------------------- 3 28 All payments are made by Kitty Hawk, Inc. (Case #400-42141) Trustee fees for the previous quarter were paid and are reflected on Kitty Hawk, Inc. Monthly Operating Report. - --------------------------------------------------------------------------------------------- - ---------------------------------------------------------------------------------------------
CASE NAME: FLIGHT ONE LOGISTICS, INC. CASE NUMBER: 400-42069-BJH DETAILS OF OTHER ITEMS ACCRUAL BASIS-1 July 2000 8. OTHER (ATTACH LIST) $ 1,224 Reported -------------------- Intercompany Receivables 1,224 Detail -------------------- - Difference -----END PRIVACY-ENHANCED MESSAGE-----