-----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, KAYdPZ2sWuWtsaMlKB+QSTcTgY4pjyujzqxRblju7a7NIM182fldauCjZInZG0O7 o8YfapKgkxuuZ0Io49V/Ag== /in/edgar/work/0000890566-00-001506/0000890566-00-001506.txt : 20001030 0000890566-00-001506.hdr.sgml : 20001030 ACCESSION NUMBER: 0000890566-00-001506 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 11 CONFORMED PERIOD OF REPORT: 20001020 ITEM INFORMATION: ITEM INFORMATION: FILED AS OF DATE: 20001027 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: 747434 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): October 20, 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 September 30, 2000 that the Company filed with the United States Bankruptcy Court for the Northern District of Texas, Fort Worth Division on October 20, 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 September 30, 2000 (1) 99.2 Monthly Operating Report for Kitty Hawk Aircargo, Inc. for the Period Ended September 30, 2000 (1) 99.3 Monthly Operating Report for Kitty Hawk Charters, Inc. for the Period Ended September 30, 2000 (1) 99.4 Monthly Operating Report for Kitty Hawk International, Inc. for the Period Ended September 30, 2000 (1) 99.5 Monthly Operating Report for Kitty Hawk Cargo, Inc. for the Period Ended September 30, 2000 (1) 99.6 Monthly Operating Report for O.K. Turbines, Inc. for the Period Ended September 30, 2000 (1) 99.7 Monthly Operating Report for Longhorn Solutions, Inc. for the Period Ended September 30, 2000 (1) 99.8 Monthly Operating Report for Aircraft Leasing, Inc. for the Period Ended September 30, 2000 (1) 99.9 Monthly Operating Report for American International Travel, Inc. for the Period Ended September 30, 2000 (1) 99.10 Monthly Operating Report for Flight One Logistics, Inc. for the Period Ended September 30, 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: October 26, 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 September 30, 2000 99.2 Monthly Operating Report for Kitty Hawk Aircargo, Inc. for the Period Ended September 30, 2000 99.3 Monthly Operating Report for Kitty Hawk Charters Inc. for the Period Ended September 30, 2000 99.4 Monthly Operating Report for Kitty Hawk International Inc. for the Period Ended September 30, 2000 99.5 Monthly Operating Report for Kitty Hawk Cargo, Inc. for the Period Ended September 30, 2000 99.6 Monthly Operating Report for OK Turbines, Inc. for the Period Ended September 30, 2000 99.7 Monthly Operating Report for Longhorn Solutions, Inc. for the Period Ended September 30, 2000 99.8 Monthly Operating Report for Aircraft Leasing, Inc. for the Period Ended September 30, 2000 99.9 Monthly Operating Report for American International Travel, Inc. for the Period Ended September 30, 2000 99.10 Monthly Operating Report for Flight One Logistics, Inc. for the Period Ended September 30, 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: SEPTEMBER 30, 2000 IN ACCORDANCE WITH TITLE 28, SECTION 1746, OF THE UNITED STATES CODE, I DECLARE UNDER PENALTY OF PERJURY THAT I HAVE EXAMINED THE FOLLOWING MONTHLY OPERATING REPORT (ACCRUAL BASIS-1 THROUGH ACCRUAL BASIS-7) AND THE ACCOMPANYING ATTACHMENTS AND, TO THE BEST OF MY KNOWLEDGE, THESE DOCUMENTS ARE TRUE, CORRECT AND COMPLETE. DECLARATION OF THE PREPARER (OTHER THAN RESPONSIBLE PARTY): IS BASED ON ALL INFORMATION OF WHICH PREPARER HAS ANY KNOWLEDGE. RESPONSIBLE PARTY: /s/ DREW KEITH CFO - --------------------------------------- ------------------------------------- ORIGINAL SIGNATURE OF RESPONSIBLE PARTY TITLE Drew Keith 10/20/00 - --------------------------------------- ------------------------------------- PRINTED NAME OF RESPONSIBLE PARTY DATE PREPARER: /S/ JESSICA L. WILSON Chief Accounting Officer - --------------------------------------- ------------------------------------- ORIGINAL SIGNATURE OF PREPARER TITLE Jessica L. Wilson 10/20/00 - --------------------------------------- ------------------------------------- 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 - ------------------------------------------------------------------------------------------------------------------ MONTH MONTH MONTH SCHEDULE -------------------------------------------------------- ASSETS AMOUNT JULY 2000 AUGUST 2000 SEPTEMBER 2000 - ------------------------------------------------------------------------------------------------------------------ 1. UNRESTRICTED CASH $13,401,586 $47,725,174 $46,191,821 $47,704,367 - ------------------------------------------------------------------------------------------------------------------ 2. RESTRICTED CASH $0 $0 $0 - ------------------------------------------------------------------------------------------------------------------ 3. TOTAL CASH $13,401,586 $47,725,174 $46,191,821 $47,704,367 - ------------------------------------------------------------------------------------------------------------------ 4. ACCOUNTS RECEIVABLE (NET) ($11,899,615) ($11,912,223) ($12,000,082) - ------------------------------------------------------------------------------------------------------------------ 5. INVENTORY ($816,667) ($916,667) ($1,016,667) - ------------------------------------------------------------------------------------------------------------------ 6. NOTES RECEIVABLE $15,000 $15,000 $15,000 $15,000 - ------------------------------------------------------------------------------------------------------------------ 7. PREPAID EXPENSES $300,363 $286,917 $420,662 - ------------------------------------------------------------------------------------------------------------------ 8. OTHER (ATTACH LIST) $422,186,692 $368,414,869 $370,835,468 $373,916,290 - ------------------------------------------------------------------------------------------------------------------ 9. TOTAL CURRENT ASSETS $435,603,278 $403,739,124 $404,500,316 $409,039,570 - ------------------------------------------------------------------------------------------------------------------ 10. PROPERTY, PLANT & EQUIPMENT $2,425,652 $2,865,674 $2,865,674 $2,865,674 - ------------------------------------------------------------------------------------------------------------------ 11. LESS: ACCUMULATED DEPRECIATION/DEPLETION $582,967 $631,988 $680,322 - ------------------------------------------------------------------------------------------------------------------ 12. NET PROPERTY, PLANT & EQUIPMENT $2,425,652 $2,282,707 $2,233,686 $2,185,352 - ------------------------------------------------------------------------------------------------------------------ 13. DUE FROM INSIDERS $62,465 $293,261 $219,367 $219,367 - ------------------------------------------------------------------------------------------------------------------ 14. OTHER ASSETS - NET OF AMORTIZATION (ATTACH LIST) $10,967,208 $10,579,216 $10,494,032 $10,408,848 - ------------------------------------------------------------------------------------------------------------------ 15. OTHER (ATTACH LIST) $138,370,015 $138,370,015 $138,370,015 $138,370,015 - ------------------------------------------------------------------------------------------------------------------ 16. TOTAL ASSETS $587,428,618 $555,264,323 $555,817,416 $560,223,152 - ------------------------------------------------------------------------------------------------------------------ POSTPETITION LIABILITIES - ------------------------------------------------------------------------------------------------------------------ 17. ACCOUNTS PAYABLE ($1,048,252) ($262,726) $2,926,946 - ------------------------------------------------------------------------------------------------------------------ 18. TAXES PAYABLE $0 $0 $0 - ------------------------------------------------------------------------------------------------------------------ 19. NOTES PAYABLE $0 $0 $0 - ------------------------------------------------------------------------------------------------------------------ 20. PROFESSIONAL FEES $1,277,000 $345,000 $929,444 - ------------------------------------------------------------------------------------------------------------------ 21. SECURED DEBT $0 $0 $0 - ------------------------------------------------------------------------------------------------------------------ 22. OTHER (ATTACH LIST) $2,346,619 $3,019,094 $3,667,046 - ------------------------------------------------------------------------------------------------------------------ 23. TOTAL POSTPETITION LIABILITIES $2,575,367 $3,101,368 $7,523,436 - ------------------------------------------------------------------------------------------------------------------ PREPETITION LIABILITIES - ------------------------------------------------------------------------------------------------------------------ 24. SECURED DEBT $466,119,468 $416,251,006 $416,251,006 $416,251,006 - ------------------------------------------------------------------------------------------------------------------ 25. PRIORITY DEBT $29,661 $0 $0 $0 - ------------------------------------------------------------------------------------------------------------------ 26. UNSECURED DEBT $22,580,547 $2,245,799 $2,246,026 $2,232,268 - ------------------------------------------------------------------------------------------------------------------ 27. OTHER (ATTACH LIST) $0 $35,306,098 $35,319,820 $35,319,820 - ------------------------------------------------------------------------------------------------------------------ 28. TOTAL PREPETITION LIABILITIES $488,729,676 $453,802,903 $453,816,852 $453,803,094 - ------------------------------------------------------------------------------------------------------------------ 29. TOTAL LIABILITIES $488,729,676 $456,378,270 $456,918,220 $461,326,530 - ------------------------------------------------------------------------------------------------------------------ EQUITY - ------------------------------------------------------------------------------------------------------------------ 30. PREPETITION OWNERS' EQUITY $98,899,692 $98,899,692 $98,899,692 - ------------------------------------------------------------------------------------------------------------------ 31. POSTPETITION CUMULATIVE PROFIT OR (LOSS) ($13,639) ($496) ($3,070) - ------------------------------------------------------------------------------------------------------------------ 32. DIRECT CHARGES TO EQUITY (ATTACH EXPLANATION) - ------------------------------------------------------------------------------------------------------------------ 33. TOTAL EQUITY $0 $98,886,053 $98,899,196 $98,896,622 - ------------------------------------------------------------------------------------------------------------------ 34. TOTAL LIABILITIES & OWNERS' EQUITY $488,729,676 $555,264,323 $555,817,416 $560,223,152 - ------------------------------------------------------------------------------------------------------------------
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 AUGUST 2000 SEPTEMBER 2000 TOTAL - ------------------------------------------------------------------------------------------------------ 1. GROSS REVENUES $0 $0 $0 $0 - ------------------------------------------------------------------------------------------------------ 2. LESS: RETURNS & DISCOUNTS $0 $0 $0 $0 - ------------------------------------------------------------------------------------------------------ 3. NET REVENUE $0 $0 $0 $0 - ------------------------------------------------------------------------------------------------------ COST OF GOODS SOLD - ------------------------------------------------------------------------------------------------------ 4. MATERIAL $0 $0 $0 $0 - ------------------------------------------------------------------------------------------------------ 5. DIRECT LABOR $0 $0 $0 $0 - ------------------------------------------------------------------------------------------------------ 6. DIRECT OVERHEAD $0 $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 $83,334 $74,167 $242,989 - ------------------------------------------------------------------------------------------------------ 10. SELLING & MARKETING $0 $0 $0 $0 - ------------------------------------------------------------------------------------------------------ 11. GENERAL & ADMINISTRATIVE ($1,050,722) ($1,313,429) ($134,906) ($2,499,057) - ------------------------------------------------------------------------------------------------------ 12. RENT & LEASE $21,502 $21,502 $21,502 $64,506 - ------------------------------------------------------------------------------------------------------ 13. OTHER (ATTACH LIST) $0 $0 $0 $0 - ------------------------------------------------------------------------------------------------------ 14. TOTAL OPERATING EXPENSES ($943,732) ($1,208,593) ($39,237) ($2,191,562) - ------------------------------------------------------------------------------------------------------ 15. INCOME BEFORE NON-OPERATING INCOME & EXPENSE $943,732 $1,208,593 $39,237 $2,191,562 - ------------------------------------------------------------------------------------------------------ OTHER INCOME & EXPENSES - ------------------------------------------------------------------------------------------------------ 16. NON-OPERATING INCOME (ATT. LIST) ($208,368) ($337,655) ($215,274) ($761,297) - ------------------------------------------------------------------------------------------------------ 17. NON-OPERATING EXPENSE (ATT. LIST) $0 $0 $0 $0 - ------------------------------------------------------------------------------------------------------ 18. INTEREST EXPENSE $116,620 $246,088 $107,186 $469,894 - ------------------------------------------------------------------------------------------------------ 19. DEPRECIATION/DEPLETION $47,648 $49,020 $48,334 $145,002 - ------------------------------------------------------------------------------------------------------ 20. AMORTIZATION $91,567 $91,567 $91,567 $274,701 - ------------------------------------------------------------------------------------------------------ 21. OTHER (ATTACH LIST) $0 $0 $0 $0 - ------------------------------------------------------------------------------------------------------ 22. NET OTHER INCOME & EXPENSES $47,467 $49,020 $31,813 $128,300 - ------------------------------------------------------------------------------------------------------ REORGANIZATION EXPENSES - ------------------------------------------------------------------------------------------------------ 23. PROFESSIONAL FEES $913,831 $1,146,430 $0 $2,060,261 - ------------------------------------------------------------------------------------------------------ 24. U.S. TRUSTEE FEES $0 $0 $10,000 $10,000 - ------------------------------------------------------------------------------------------------------ 25. OTHER (ATTACH LIST) $0 $0 $0 $0 - ------------------------------------------------------------------------------------------------------ 26. TOTAL REORGANIZATION EXPENSES $913,831 $1,146,430 $10,000 $2,070,261 - ------------------------------------------------------------------------------------------------------ 27. INCOME TAX $0 $0 $0 $0 - ------------------------------------------------------------------------------------------------------ 28. NET PROFIT (LOSS) ($17,566) $13,143 ($2,576) ($6,999) - ------------------------------------------------------------------------------------------------------
MONTHLY OPERATING REPORT CASE NAME: KITTY HAWK, INC. ACCRUAL BASIS-3 CASE NUMBER: 400-42141-BJH 02/13/95, RWD, 2/96
MONTH MONTH MONTH CASH RECEIPTS AND ------------------------------------------------- QUARTER DISBURSEMENTS JULY 2000 AUGUST 2000 SEPTEMBER 2000 TOTAL - ---------------------------------------------------------------------------------------------------------- 1. CASH - BEGINNING OF MONTH $38,394,776 $47,725,174 $46,191,821 $38,394,776 - ---------------------------------------------------------------------------------------------------------- RECEIPTS FROM OPERATIONS - ---------------------------------------------------------------------------------------------------------- 2. CASH SALES $0 $0 $0 $0 - ---------------------------------------------------------------------------------------------------------- COLLECTION OF ACCOUNTS RECEIVABLE - ---------------------------------------------------------------------------------------------------------- 3. PREPETITION $0 $0 $0 $0 - ---------------------------------------------------------------------------------------------------------- 4. POSTPETITION $0 $0 $0 $0 - ---------------------------------------------------------------------------------------------------------- 5. TOTAL OPERATING RECEIPTS $0 $0 $0 $0 - ---------------------------------------------------------------------------------------------------------- NON - OPERATING RECEIPTS - ---------------------------------------------------------------------------------------------------------- 6. LOANS & ADVANCES (ATTACH LIST) $0 $0 $0 $0 - ---------------------------------------------------------------------------------------------------------- 7. SALE OF ASSETS $0 $0 $0 $0 - ---------------------------------------------------------------------------------------------------------- 8. OTHER (ATTACH LIST) $34,741,091 $31,473,418 $32,889,620 $99,104,129 - ---------------------------------------------------------------------------------------------------------- 9. TOTAL NON-OPERATING RECEIPTS $34,741,091 $31,473,418 $32,889,620 $99,104,129 - ---------------------------------------------------------------------------------------------------------- 10. TOTAL RECEIPTS $34,741,091 $31,473,418 $32,889,620 $99,104,129 - ---------------------------------------------------------------------------------------------------------- 11. TOTAL CASH AVAILABLE $73,135,867 $79,198,592 $79,081,441 $137,498,905 - ---------------------------------------------------------------------------------------------------------- OPERATING DISBURSEMENTS - ---------------------------------------------------------------------------------------------------------- 12. NET PAYROLL $3,613,151 $3,685,060 $3,699,021 $10,997,232 - ---------------------------------------------------------------------------------------------------------- 13. PAYROLL TAXES PAID $1,526,251 $1,483,915 $1,509,848 $4,520,014 - ---------------------------------------------------------------------------------------------------------- 14. SALES, USE & OTHER TAXES PAID $74,434 $121,434 $38,512 $234,380 - ---------------------------------------------------------------------------------------------------------- 15. SECURED/RENTAL/LEASES $1,392,334 $1,755,959 $1,783,782 $4,932,075 - ---------------------------------------------------------------------------------------------------------- 16. UTILITIES $169,330 $245,713 $206,876 $621,919 - ---------------------------------------------------------------------------------------------------------- 17. INSURANCE $655,938 $1,011,980 $791,428 $2,459,346 - ---------------------------------------------------------------------------------------------------------- 18. INVENTORY PURCHASES $98,840 $0 $804,715 $903,555 - ---------------------------------------------------------------------------------------------------------- 19. VEHICLE EXPENSES $0 $0 $0 $0 - ---------------------------------------------------------------------------------------------------------- 20. TRAVEL $1,128,416 $1,357,193 $1,066,879 $3,552,488 - ---------------------------------------------------------------------------------------------------------- 21. ENTERTAINMENT $0 $0 $0 $0 - ---------------------------------------------------------------------------------------------------------- 22. REPAIRS & MAINTENANCE $3,518,517 $4,798,921 $4,665,613 $12,983,051 - ---------------------------------------------------------------------------------------------------------- 23. SUPPLIES $77,440 $107,637 $41,622 $226,699 - ---------------------------------------------------------------------------------------------------------- 24. ADVERTISING $8,395 $6,198 $1,519 $16,112 - ---------------------------------------------------------------------------------------------------------- 25. OTHER (ATTACH LIST) $12,985,397 $18,432,761 $16,271,357 $47,689,515 - ---------------------------------------------------------------------------------------------------------- 26. TOTAL OPERATING DISBURSEMENTS $25,248,443 $33,006,771 $30,881,172 $89,136,386 - ---------------------------------------------------------------------------------------------------------- REORGANIZATION EXPENSES - ---------------------------------------------------------------------------------------------------------- 27. PROFESSIONAL FEES $150,000 $0 $495,902 $645,902 - ---------------------------------------------------------------------------------------------------------- 28. U.S. TRUSTEE FEES $12,250 $0 $0 $12,250 - ---------------------------------------------------------------------------------------------------------- 29. OTHER (ATTACH LIST) $0 $0 $0 $0 - ---------------------------------------------------------------------------------------------------------- 30. TOTAL REORGANIZATION EXPENSES $162,250 $0 $495,902 $658,152 - ---------------------------------------------------------------------------------------------------------- 31. TOTAL DISBURSEMENTS $25,410,693 $33,006,771 $31,377,074 $89,794,538 - ---------------------------------------------------------------------------------------------------------- 32. NET CASH FLOW $9,330,398 ($1,533,353) $1,512,546 $9,309,591 - ---------------------------------------------------------------------------------------------------------- 33. CASH - END OF MONTH $47,725,174 $46,191,821 $47,704,367 $47,704,367 - ----------------------------------------------------------------------------------------------------------
MONTHLY OPERATING REPORT CASE NAME: KITTY HAWK, INC. ACCRUAL BASIS-4 CASE NUMBER: 400-42141-BJH 02/13/95, RWD, 2/96
MONTH MONTH MONTH SCHEDULE ---------------------------------------------- ACCOUNTS RECEIVABLE AGING AMOUNT JULY 2000 AUGUST 2000 SEPTEMBER 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 $11,899,615 $11,912,223 $12,000,082 - ------------------------------------------------------------------------------------------------------------------ 7. ACCOUNTS RECEIVABLE (NET) $0 ($11,899,615) ($11,912,223) ($12,000,082) - ------------------------------------------------------------------------------------------------------------------ AGING OF POSTPETITION TAXES AND PAYABLES MONTH: September 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 $2,134,833 $749,724 ($147,710) $190,099 $2,926,946 - ------------------------------------------------------------------------------------------------------------------ STATUS OF POSTPETITION TAXES MONTH: September 2000 - ------------------------------------------------------------------------------------------------------------------ BEGINNING AMOUNT ENDING TAX WITHHELD AND/ AMOUNT TAX FEDERAL LIABILITY* OR ACCRUED PAID LIABILITY - ------------------------------------------------------------------------------------------------------------------ 1. WITHHOLDING** $0 $113,015 $113,015 $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 $113,015 $113,015 $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 $113,015 $113,015 $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: September 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 $1,022,543 $50,000 $20,375 $1,227,530 - ------------------------------------------------------------------------------------------------------------ 2. ADD: TOTAL DEPOSITS NOT CREDITED $0 $0 $0 $0 - ------------------------------------------------------------------------------------------------------------ 3. SUBTRACT: OUTSTANDING CHECKS $2,592,927 $0 $0 $2,683,060 - ------------------------------------------------------------------------------------------------------------ 4. OTHER RECONCILING ITEMS $14,008 $0 ($19,905) ($5,897) - ------------------------------------------------------------------------------------------------------------ 5. MONTH END BALANCE PER BOOKS ($1,556,376) $50,000 $470 ($1,505,906) - ------------------------------------------------------------------------------------------------------------ 6. NUMBER OF LAST CHECK WRITTEN No checks 15692 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 9/30/00 Overnight Sweep $48,962,230 $48,962,230 - ------------------------------------------------------------------------------------------------------------ 9. N/A - ------------------------------------------------------------------------------------------------------------ 10. N/A - ------------------------------------------------------------------------------------------------------------ 11. TOTAL INVESTMENTS $49,162,230 $49,164,794 - ------------------------------------------------------------------------------------------------------------ CASH - ------------------------------------------------------------------------------------------------------------ 12. CURRENCY ON HAND $1,000 - ------------------------------------------------------------------------------------------------------------ 13. TOTAL CASH - END OF MONTH $47,704,367 - ------------------------------------------------------------------------------------------------------------
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: September 2000 BANK RECONCILIATIONS Account #4 Account #5 Account #6 - -------------------------------------------------------------------------------------------------------------- A. BANK: Bank One Bank One Bank One - ---------------------------------------------------------------------------------------------- B. ACCOUNT NUMBER: 1570695922 100129949/93199584 1586268961 TOTAL - ---------------------------------------------------------------------------------------------- C. PURPOSE (TYPE): Payroll Health Insurance Flex Spending - -------------------------------------------------------------------------------------------------------------- 1. BALANCE PER BANK STATEMENT $0 $90,133 $44,479 $134,612 - -------------------------------------------------------------------------------------------------------------- 2. ADD: TOTAL DEPOSITS NOT CREDITED $0 $0 $0 $0 - -------------------------------------------------------------------------------------------------------------- 3. SUBTRACT: OUTSTANDING CHECKS $0 $90,133 $0 $90,133 - -------------------------------------------------------------------------------------------------------------- 4. OTHER RECONCILING ITEMS $0 $0 $0 $0 - -------------------------------------------------------------------------------------------------------------- 5. MONTH END BALANCE PER BOOKS $0 $0 $44,479 $44,479 - -------------------------------------------------------------------------------------------------------------- 6. NUMBER OF LAST CHECK WRITTEN 64507 139267 1079 - -------------------------------------------------------------------------------------------------------------- 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 $44,479 - --------------------------------------------------------------------------------------------------------------
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: September 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 2109 - -------------------------------------------------------------------------------------------------------------- INVESTMENTACCOUNTS - -------------------------------------------------------------------------------------------------------------- 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: September 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 $7,917 $34,585 - ---------------------------------------------------------------- 2. Jim Craig Salary $16,667 $83,335 - ---------------------------------------------------------------- 3. Janie Garrard Salary $0 $2,625 - ---------------------------------------------------------------- 4. Drew Keith Salary $16,250 $87,712 - ---------------------------------------------------------------- 5 Lena Baker Salary $0 $7,500 - ---------------------------------------------------------------- 6 Jim Reeves Salary $33,333 $166,665 - ---------------------------------------------------------------- 7 John Turnipseed Salary $0 $41,668 - ---------------------------------------------------------------- 8 TOTAL PAYMENTS TO INSIDERS $74,167 $424,090 - ---------------------------------------------------------------- PROFESSIONALS - ---------------------------------------------------------------------------------------------- DATE OF COURT TOTAL ORDER AUTHORIZING AMOUNT AMOUNT TOTAL PAID INCURRED NAME PAYMENT APPROVED PAID TO DATE & UNPAID * - ---------------------------------------------------------------------------------------------- 1. Lain Faulkner $72,938 $222,307 $0 - ---------------------------------------------------------------------------------------------- 2. Haynes and Boone $0 $867,645 $515,000 - ---------------------------------------------------------------------------------------------- 3. The Seabury Group $150,000 $750,000 $0 - ---------------------------------------------------------------------------------------------- 4. Forshey & Prostock $0 $111,702 $66,703 - ---------------------------------------------------------------------------------------------- 5 Price Waterhouse Coopers $0 $184,372 $109,699 - ---------------------------------------------------------------------------------------------- 6 Jay Alix and Associates $0 $86,245 $64,126 - ---------------------------------------------------------------------------------------------- 7 Andrews & Kurth $48,836 $386,832 $173,916 - ---------------------------------------------------------------------------------------------- 8 Jenkins & Gilchrist $0 $45,995 $0 - ---------------------------------------------------------------------------------------------- 9 Ford and Harrison $0 $94,095 $0 - ---------------------------------------------------------------------------------------------- 10 Grant Thornton $50,000 $50,000 $0 - ---------------------------------------------------------------------------------------------- 11 TOTAL PAYMENTS TO PROFESSIONALS $0 $321,774 $2,799,193 $929,444 - ---------------------------------------------------------------------------------------------- * 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: September 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 - ------------------------------------------------------------------------------------------------------------------------------------ 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: September 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 September 2000 8. OTHER (ATTACH LIST) $ 373,916,290 Reported ---------------------- Intercompany Receivables 374,175,354 Escrow JRC 403,000 A/R Other 350,209 Misc A/R (8,909) A/R Employees 853 A/R 401(k) Loan (25) A/R Payroll advance 252 A/R Travel Advance 181 Deferred Taxes (1,682,277) Deposits - Other 261,652 Deposits - Retainers 416,000 ---------------------- 373,916,290 Detail ---------------------- - Difference 14. OTHER ASSETS - NET OF AMORTIZATION (ATTACH LIST) 10,408,848 Reported ---------------------- Loan organization costs 1,459,166 Bond offering costs 7,151,860 Non-compete - Beti Ward 335,423 Goodwill - KH Cargo 1,462,399 ---------------------- 10,408,848 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) $ 3,667,046 Reported ---------------------- Accrued expenses (232,914) Accrued interest 3,835,572 Accrued health savings 60,757 A/P Aging reconciling item (28,152) Accrued 401(k) 7,607 Accrued Salaries/Wages 24,176 ---------------------- 3,667,046 Detail ---------------------- - Difference 27. OTHER (ATTACH LIST) $ 35,319,820 Reported ---------------------- Deferred Taxes 37,136,131 Accrued Taxes payable (17,658,879) Interest payable 15,842,568 ---------------------- 35,319,820 Detail ---------------------- - Difference CASE NAME: KITTY HAWK, INC. CASE NUMBER: 400-42141 DETAILS OF OTHER ITEMS ACCRUAL BASIS-2 16. NON-OPERATING INCOME (ATT. LIST) (215,274)Reported ---------------------- Interest Income (214,978) Other Misc Income (296) ---------------------- (215,274)Detail - Difference ACCRUAL BASIS-3 8. OTHER (ATTACH LIST) 32,889,620 Reported ---------------------- Transfers from Charters 3,320,880 Transfers from Cargo 11,089,692 Transfers from Aircargo 13,346,939 Transfers from International 6,750 Transfers to LSI - Cash deposits - non-lockbox 4,713,720 Interest income 214,345 Sale of 121 Certificate to Connie Kalitta 200,000 NSF Checks (2,706) ---------------------- 32,889,620 Detail ---------------------- - Difference ---------------------- 25. OTHER (ATTACH LIST) 16,271,357 Reported ---------------------- Inc. 401(k) 402,306 Employee Expenses/Relocation 36,480 Bank charges 7,364 Interest expense 8,859 Fuel 7,296,373 Professional fees 80,482 Ground Handling 2,394,489 Asset purchase - Engine 1,585,000 Shipping 126,312 Ondemand Charter costs 58,023 135 Airline costs 34,441 Equipment Rental 101,641 Building Rent and expenses 19,056 Contract Labor 807,317 Trucking 500,258 Customs/Parking/Landing 723,350 American Express Charges Uniforms 15,908 Simulator/Communication/Other Training 252,881 Misc 30,217 Voided checks and corrections (108,799) Board of Direcetors expenses 9,975 Customer refund 11,118 Shutdown costs 71,763 Deposits 132,025 Subcharter Aircraft 1,674,518 ---------------------- 16,271,357 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 RTURT NORTHERN DISTRICT OF TEXAS SIXTH DIVISION MONTHLY OPERATING REPORT MONTH ENDING: SEPTEMBER 30, 2000 IN ACCORDANCE WITH TITLE 28, SECTION 1746, OF THE UNITED STATES CODE, I DECLARE UNDER PENALTY OF PERJURY THAT I HAVE EXAMINED THE FOLLOWING MONTHLY OPERATING REPORT (ACCRUAL BASIS-1 THROUGH ACCRUAL BASIS-7) AND THE ACCOMPANYING ATTACHMENTS AND, TO THE BEST OF MY KNOWLEDGE, THESE DOCUMENTS ARE TRUE, CORRECT AND COMPLETE. DECLARATION OF THE PREPARER (OTHER THAN RESPONSIBLE PARTY): IS BASED ON ALL INFORMATION OF WHICH PREPARER HAS ANY KNOWLEDGE. RESPONSIBLE PARTY: /s/ DREW KEITH CHIEF FINANCIAL OFFICER - --------------------------------------- ------------------------------------- ORIGINAL SIGNATURE OF RESPONSIBLE PARTY TITLE DREW KEITH 10/20/00 - --------------------------------------- ------------------------------------- PRINTED NAME OF RESPONSIBLE PARTY DATE PREPARER: /s/ KEVIN K. CRAIG CONTROLLER, KITTY HAWK INC. - --------------------------------------- ------------------------------------- ORIGINAL SIGNATURE OF PREPARER TITLE KEVIN K. CRAIG 10/20/00 - --------------------------------------- ------------------------------------- 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 - ------------------------------------------------------------------------------------------------------------------- MONTH MONTH MONTH SCHEDULE ------------------------------------------------------- ASSETS AMOUNT JULY, 2000 AUGUST, 2000 SEPTEMBER, 2000 - ------------------------------------------------------------------------------------------------------------------- 1. UNRESTRICTED CASH $16,904 $19,828 $19,828 $20,999 - ------------------------------------------------------------------------------------------------------------------- 2. RESTRICTED CASH $0 $0 $0 $0 - ------------------------------------------------------------------------------------------------------------------- 3. TOTAL CASH $16,904 $19,828 $19,828 $20,999 - ------------------------------------------------------------------------------------------------------------------- 4. ACCOUNTS RECEIVABLE (NET) $29,303,045 $13,873,703 $13,717,956 $13,849,296 - ------------------------------------------------------------------------------------------------------------------- 5. INVENTORY $1,508,508 $1,104,619 $1,206,572 $1,210,921 - ------------------------------------------------------------------------------------------------------------------- 6. NOTES RECEIVABLE $0 $0 $0 $0 - ------------------------------------------------------------------------------------------------------------------- 7. PREPAID EXPENSES $2,294,717 $16,173,464 $23,550,426 $18,995,513 - ------------------------------------------------------------------------------------------------------------------- 8. OTHER (ATTACH LIST) $111,256,463 ($34,118,803) ($34,447,938) ($38,185,016) - ------------------------------------------------------------------------------------------------------------------- 9. TOTAL CURRENT ASSETS $144,379,636 ($2,947,189) $4,046,844 ($4,108,287) - ------------------------------------------------------------------------------------------------------------------- 10. PROPERTY, PLANT & EQUIPMENT $166,772,560 $212,648,602 $214,529,654 $216,740,218 - ------------------------------------------------------------------------------------------------------------------- 11. LESS: ACCUMULATED DEPRECIATION/DEPLETION $0 $45,203,789 $47,984,317 $50,085,837 - ------------------------------------------------------------------------------------------------------------------- 12. NET PROPERTY, PLANT & EQUIPMENT $166,772,560 $167,444,813 $166,545,337 $166,654,381 - ------------------------------------------------------------------------------------------------------------------- 13. DUE FROM INSIDERS $0 $0 $0 - ------------------------------------------------------------------------------------------------------------------- 14. OTHER ASSETS - NET OF AMORTIZATION (ATTACH LIST) $0 $4,183,185 $4,246,413 $4,233,225 - ------------------------------------------------------------------------------------------------------------------- 15. OTHER (ATTACH LIST) $0 $0 $0 $0 - ------------------------------------------------------------------------------------------------------------------- 16. TOTAL ASSETS $311,152,196 $168,680,809 $174,838,594 $166,779,319 - ------------------------------------------------------------------------------------------------------------------- POSTPETITION LIABILITIES - ------------------------------------------------------------------------------------------------------------------- 17. ACCOUNTS PAYABLE $6,738,112 $9,826,308 $3,279,599 - ------------------------------------------------------------------------------------------------------------------- 18. TAXES PAYABLE $97,855 $133,084 $177,474 - ------------------------------------------------------------------------------------------------------------------- 19. NOTES PAYABLE $0 $0 $0 - ------------------------------------------------------------------------------------------------------------------- 20. PROFESSIONAL FEES $0 $0 $0 - ------------------------------------------------------------------------------------------------------------------- 21. SECURED DEBT $0 $0 $0 - ------------------------------------------------------------------------------------------------------------------- 22. OTHER (ATTACH LIST) $10,146,991 $12,836,289 $12,125,292 - ------------------------------------------------------------------------------------------------------------------- 23. TOTAL POSTPETITION LIABILITIES $16,982,958 $22,795,681 $15,582,365 - ------------------------------------------------------------------------------------------------------------------- PREPETITION LIABILITIES - ------------------------------------------------------------------------------------------------------------------- 24. SECURED DEBT $31,900,000 $31,900,000 $31,900,000 - ------------------------------------------------------------------------------------------------------------------- 25. PRIORITY DEBT $2,177,962 $0 $0 $0 - ------------------------------------------------------------------------------------------------------------------- 26. UNSECURED DEBT $184,252,878 $22,945,688 $31,653,125 $31,483,613 - ------------------------------------------------------------------------------------------------------------------- 27. OTHER (ATTACH LIST) $0 $27,430,548 $20,047,980 $20,106,252 - ------------------------------------------------------------------------------------------------------------------- 28. TOTAL PREPETITION LIABILITIES $186,430,840 $82,276,236 $83,601,105 $83,489,865 - ------------------------------------------------------------------------------------------------------------------- 29. TOTAL LIABILITIES $186,430,840 $99,259,194 $106,396,786 $99,072,230 - ------------------------------------------------------------------------------------------------------------------- EQUITY - ------------------------------------------------------------------------------------------------------------------- 30. PREPETITION OWNERS' EQUITY $69,645,449 $69,645,449 $69,645,449 - ------------------------------------------------------------------------------------------------------------------- 31. POSTPETITION CUMULATIVE PROFIT OR (LOSS) ($223,834) ($1,203,641) ($1,938,360) - ------------------------------------------------------------------------------------------------------------------- 32. DIRECT CHARGES TO EQUITY (ATTACH EXPLANATION) $0 $0 $0 - ------------------------------------------------------------------------------------------------------------------- 33. TOTAL EQUITY $0 $69,421,615 $68,441,808 $67,707,089 - ------------------------------------------------------------------------------------------------------------------- 34. TOTAL LIABILITIES & OWNERS' EQUITY $186,430,840 $168,680,809 $174,838,594 $166,779,319 - -------------------------------------------------------------------------------------------------------------------
MONTHLY OPERATING REPORT CASE NAME: 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 AUGUST, 2000 SEPTEMBER, 2000 TOTAL - --------------------------------------------------------------------------------------------------------- 1. GROSS REVENUES $15,478,531 $17,080,444 $15,924,012 $48,482,987 - --------------------------------------------------------------------------------------------------------- 2. LESS: RETURNS & DISCOUNTS $0 $0 $0 $0 - --------------------------------------------------------------------------------------------------------- 3. NET REVENUE $15,478,531 $17,080,444 $15,924,012 $48,482,987 - --------------------------------------------------------------------------------------------------------- COST OF GOODS SOLD - --------------------------------------------------------------------------------------------------------- 4. MATERIAL $0 $0 $0 $0 - --------------------------------------------------------------------------------------------------------- 5. DIRECT LABOR $0 $0 $0 $0 - --------------------------------------------------------------------------------------------------------- 6. DIRECT OVERHEAD $0 $0 $0 $0 - --------------------------------------------------------------------------------------------------------- 7. TOTAL COST OF GOODS SOLD $0 $0 $0 $0 - --------------------------------------------------------------------------------------------------------- 8. GROSS PROFIT $15,478,531 $17,080,444 $15,924,012 $48,482,987 - --------------------------------------------------------------------------------------------------------- OPERATING EXPENSES - --------------------------------------------------------------------------------------------------------- 9. OFFICER/INSIDER COMPENSATION $31,250 $39,583 $26,041 $96,874 - --------------------------------------------------------------------------------------------------------- 10. SELLING & MARKETING $0 $0 $0 $0 - --------------------------------------------------------------------------------------------------------- 11. GENERAL & ADMINISTRATIVE $1,159,341 $1,329,344 $971,496 $3,460,181 - --------------------------------------------------------------------------------------------------------- 12. RENT & LEASE $2,969,654 $2,909,257 $2,811,557 $8,690,468 - --------------------------------------------------------------------------------------------------------- 13. OTHER (ATTACH LIST) $11,709,977 $13,983,496 $12,866,022 $38,559,495 - --------------------------------------------------------------------------------------------------------- 14. TOTAL OPERATING EXPENSES $15,870,222 $18,261,680 $16,675,116 $50,807,018 - --------------------------------------------------------------------------------------------------------- 15. INCOME BEFORE NON-OPERATING INCOME & EXPENSE ($391,691) ($1,181,236) ($751,104) ($2,324,031) - --------------------------------------------------------------------------------------------------------- OTHER INCOME & EXPENSES - --------------------------------------------------------------------------------------------------------- 16. NON-OPERATING INCOME (ATT. LIST) ($12,710) $0 $0 ($12,710) - --------------------------------------------------------------------------------------------------------- 17. NON-OPERATING EXPENSE (ATT. LIST) $0 $0 $0 $0 - --------------------------------------------------------------------------------------------------------- 18. INTEREST EXPENSE $464,387 $438,587 $459,989 $1,362,963 - --------------------------------------------------------------------------------------------------------- 19. DEPRECIATION/DEPLETION $0 $0 $0 $0 - --------------------------------------------------------------------------------------------------------- 20. AMORTIZATION $13,188 $13,188 $13,188 $39,564 - --------------------------------------------------------------------------------------------------------- 21. OTHER (ATTACH LIST) $0 $0 $0 $0 - --------------------------------------------------------------------------------------------------------- 22. NET OTHER INCOME & EXPENSES $464,865 $451,775 $473,177 $1,389,817 - --------------------------------------------------------------------------------------------------------- REORGANIZATION EXPENSES - --------------------------------------------------------------------------------------------------------- 23. PROFESSIONAL FEES $0 $0 $0 $0 - --------------------------------------------------------------------------------------------------------- 24. U.S. TRUSTEE FEES ($250) $0 $250 $0 - --------------------------------------------------------------------------------------------------------- 25. OTHER (ATTACH LIST) $0 $0 $0 $0 - --------------------------------------------------------------------------------------------------------- 26. TOTAL REORGANIZATION EXPENSES ($250) $0 $250 $0 - --------------------------------------------------------------------------------------------------------- 27. INCOME TAX ($342,523) ($653,205) ($489,813) ($1,485,541) - --------------------------------------------------------------------------------------------------------- 28. NET PROFIT (LOSS) ($513,783) ($979,806) ($734,718) ($2,228,307) - ---------------------------------------------------------------------------------------------------------
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 AUGUST, 2000 SEPTEMBER, 2000 TOTAL - --------------------------------------------------------------------------------------------------------- 1. CASH - BEGINNING OF MONTH $20,429 $19,828 $19,828 $20,429 - --------------------------------------------------------------------------------------------------------- RECEIPTS FROM OPERATIONS - --------------------------------------------------------------------------------------------------------- 2. CASH SALES $0 $0 $0 $0 - --------------------------------------------------------------------------------------------------------- COLLECTION OF ACCOUNTS RECEIVABLE - --------------------------------------------------------------------------------------------------------- 3. PREPETITION $0 $0 $0 $0 - --------------------------------------------------------------------------------------------------------- 4. POSTPETITION $15,410,798 $13,795,281 $13,347,575 $42,553,654 - --------------------------------------------------------------------------------------------------------- 5. TOTAL OPERATING RECEIPTS $15,410,798 $13,795,281 $13,347,575 $42,553,654 - --------------------------------------------------------------------------------------------------------- NON - OPERATING RECEIPTS - --------------------------------------------------------------------------------------------------------- 6. LOANS & ADVANCES (ATTACH LIST) $0 $0 $0 $0 - --------------------------------------------------------------------------------------------------------- 7. SALE OF ASSETS $0 $0 $0 $0 - --------------------------------------------------------------------------------------------------------- 8. OTHER (ATTACH LIST) ($15,411,399) ($13,795,281) ($13,346,404) ($42,553,084) - --------------------------------------------------------------------------------------------------------- 9. TOTAL NON-OPERATING RECEIPTS ($15,411,399) ($13,795,281) ($13,346,404) ($42,553,084) - --------------------------------------------------------------------------------------------------------- 10. TOTAL RECEIPTS ($601) $0 $1,171 $570 - --------------------------------------------------------------------------------------------------------- 11. TOTAL CASH AVAILABLE $19,828 $19,828 $20,999 $20,999 - --------------------------------------------------------------------------------------------------------- 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 $0 $0 - --------------------------------------------------------------------------------------------------------- 28. U.S. TRUSTEE FEES $0 $0 $0 $0 - --------------------------------------------------------------------------------------------------------- 29. OTHER (ATTACH LIST) $0 $0 $0 $0 - --------------------------------------------------------------------------------------------------------- 30. TOTAL REORGANIZATION EXPENSES $0 $0 $0 $0 - --------------------------------------------------------------------------------------------------------- 31. TOTAL DISBURSEMENTS $0 $0 $0 $0 - --------------------------------------------------------------------------------------------------------- 32. NET CASH FLOW ($601) $0 $1,171 $570 - --------------------------------------------------------------------------------------------------------- 33. CASH - END OF MONTH $19,828 $19,828 $20,999 $20,999 - ---------------------------------------------------------------------------------------------------------
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 AUGUST, 2000 SEPTEMBER, 2000 - --------------------------------------------------------------------------------------------------------------------- 1. 0-30 $27,808,237 $10,277,439 $10,026,085 $11,884,702 - --------------------------------------------------------------------------------------------------------------------- 2. 31-60 $648,873 $293,233 $33,394 ($2,325) - --------------------------------------------------------------------------------------------------------------------- 3. 61-90 $923,454 $1,739,857 ($4,864) ($87,831) - --------------------------------------------------------------------------------------------------------------------- 4. 91+ ($77,519) $403,210 $1,173,445 $1,256,785 - --------------------------------------------------------------------------------------------------------------------- 5. TOTAL ACCOUNTS RECEIVABLE $29,303,045 $12,713,739 $11,228,060 $13,051,331 - --------------------------------------------------------------------------------------------------------------------- 6. AMOUNT CONSIDERED UNCOLLECTIBLE - --------------------------------------------------------------------------------------------------------------------- 7. ACCOUNTS RECEIVABLE (NET) $29,303,045 $12,713,739 $11,228,060 $13,051,331 - --------------------------------------------------------------------------------------------------------------------- AGING OF POSTPETITION TAXES AND PAYABLES MONTH: SEPTEMBER, 2000 - --------------------------------------------------------------------------------------------------------------------- 0-30 31-60 61-90 91+ TAXES PAYABLE DAYS DAYS DAYS DAYS TOTAL - --------------------------------------------------------------------------------------------------------------------- 1. FEDERAL $0 $0 $0 $0 $0 - --------------------------------------------------------------------------------------------------------------------- 2. STATE $177,474 $0 $0 $0 $177,474 - --------------------------------------------------------------------------------------------------------------------- 3. LOCAL $0 $0 $0 $0 - --------------------------------------------------------------------------------------------------------------------- 4. OTHER (ATTACH LIST) $0 $0 $0 $0 - --------------------------------------------------------------------------------------------------------------------- 5. TOTAL TAXES PAYABLE $177,474 $0 $0 $0 $177,474 - --------------------------------------------------------------------------------------------------------------------- - --------------------------------------------------------------------------------------------------------------------- 6. ACCOUNTS PAYABLE $718,732 $1,312,894 $1,226,588 $21,385 $3,279,599 - --------------------------------------------------------------------------------------------------------------------- STATUS OF POSTPETITION TAXES MONTH: SEPTEMBER, 2000 - --------------------------------------------------------------------------------------------------------------------- BEGINNING AMOUNT ENDING TAX WITHHELD AND/ AMOUNT TAX FEDERAL LIABILITY* 0R ACCRUED PAID LIABILITY - --------------------------------------------------------------------------------------------------------------------- 1. WITHHOLDING** $0 $984,600 $984,600 $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 $984,600 $984,600 $0 - --------------------------------------------------------------------------------------------------------------------- STATE AND LOCAL - --------------------------------------------------------------------------------------------------------------------- 8. WITHHOLDING $0 $0 - --------------------------------------------------------------------------------------------------------------------- 9. SALES $0 $0 - --------------------------------------------------------------------------------------------------------------------- 10. EXCISE $133,084 $44,390 $177,474 - --------------------------------------------------------------------------------------------------------------------- 11. UNEMPLOYMENT $0 $0 - --------------------------------------------------------------------------------------------------------------------- 12. REAL PROPERTY $0 $0 - --------------------------------------------------------------------------------------------------------------------- 13. PERSONAL PROPERTY $0 $0 - --------------------------------------------------------------------------------------------------------------------- 14. OTHER (ATTACH LIST) $0 $0 - --------------------------------------------------------------------------------------------------------------------- 15. TOTAL STATE & LOCAL $133,084 $44,390 $0 $177,474 - --------------------------------------------------------------------------------------------------------------------- 16. TOTAL TAXES $133,084 $1,028,990 $984,600 $177,474 - ---------------------------------------------------------------------------------------------------------------------
* 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: SEPTEMBER, 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 $371 $371 - -------------------------------------------------------------------------------------------------------------- 5. MONTH END BALANCE PER BOOKS $371 $0 $0 $371 - -------------------------------------------------------------------------------------------------------------- 6. NUMBER OF LAST CHECK WRITTEN - -------------------------------------------------------------------------------------------------------------- INVESTMENT ACCOUNTS - -------------------------------------------------------------------------------------------------------------- DATE OF TYPE OF PURCHASE CURRENT BANK, ACCOUNT NAME & NUMBER PURCHASE INSTRUMENT PRICE VALUE - -------------------------------------------------------------------------------------------------------------- 7. - -------------------------------------------------------------------------------------------------------------- 8. - -------------------------------------------------------------------------------------------------------------- 9. - -------------------------------------------------------------------------------------------------------------- 10. - -------------------------------------------------------------------------------------------------------------- 11. TOTAL INVESTMENTS $0 $0 - -------------------------------------------------------------------------------------------------------------- CASH - -------------------------------------------------------------------------------------------------------------- 12. CURRENCY ON HAND $20,628 - -------------------------------------------------------------------------------------------------------------- 13. TOTAL CASH - END OF MONTH $20,999 - --------------------------------------------------------------------------------------------------------------
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: SEPTEMBER 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 $15,208 $73,541 - -------------------------------------------------------------------------- 2. Donny Scott Salary $10,833 $44,166 - -------------------------------------------------------------------------- 3. Susan Hawley Salary $0 $41,667 - -------------------------------------------------------------------------- 4. - -------------------------------------------------------------------------- 5. - -------------------------------------------------------------------------- 6. TOTAL PAYMENTS TO INSIDERS $26,041 $159,374 - --------------------------------------------------------------------------
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 $403,000 $403,000 $0 - ---------------------------------------------------------------------------------------- 2. REPUBLIC $269,166 $269,166 $0 - ---------------------------------------------------------------------------------------- 3. PROVIDENT $125,000 $125,000 $0 - ---------------------------------------------------------------------------------------- 4. COAST BUSINESS $262,000 $262,000 $0 - ---------------------------------------------------------------------------------------- 5. WELLS FARGO $0 $0 $0 - ---------------------------------------------------------------------------------------- 6. TOTAL $1,059,166 $1,059,166 $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: SEPTEMBER, 2000 QUESTIONNAIRE - ------------------------------------------------------------------------------ YES NO - ------------------------------------------------------------------------------ 1. HAVE ANY ASSETS BEEN SOLD OR TRANSFERRED OUTSIDE X THE NORMAL COURSE OF BUSINESS THIS REPORTING PERIOD? - ------------------------------------------------------------------------------ 2. HAVE ANY FUNDS BEEN DISBURSED FROM ANY ACCOUNT X OTHER THAN A DEBTOR IN POSSESSION ACCOUNT? - ------------------------------------------------------------------------------ 3. ARE ANY POSTPETITION RECEIVABLES (ACCOUNTS, NOTES, OR X LOANS) DUE FROM RELATED PARTIES? - ------------------------------------------------------------------------------ 4. HAVE ANY PAYMENTS BEEN MADE ON PREPETITION LIABILITIES X THIS REPORTING PERIOD? - ------------------------------------------------------------------------------ 5. HAVE ANY POSTPETITION LOANS BEEN RECEIVED BY THE X DEBTOR FROM ANY PARTY? - ------------------------------------------------------------------------------ 6. ARE ANY POSTPETITION PAYROLL TAXES PAST DUE? X - ------------------------------------------------------------------------------ 7. ARE ANY POSTPETITION STATE OR FEDERAL INCOME TAXES X PAST DUE? - ------------------------------------------------------------------------------ 8. ARE ANY POSTPETITION REAL ESTATE TAXES PAST DUE? X - ------------------------------------------------------------------------------ 9. ARE ANY OTHER POSTPETITION TAXES PAST DUE? X - ------------------------------------------------------------------------------ 10. ARE ANY AMOUNTS OWED TO POSTPETITION CREDITORS X DELINQUENT? - ------------------------------------------------------------------------------ 11. HAVE ANY PREPETITION TAXES BEEN PAID DURING THE X REPORTING PERIOD? - ------------------------------------------------------------------------------ 12. ARE ANY WAGE PAYMENTS PAST DUE? X - ------------------------------------------------------------------------------ IF THE ANSWER TO ANY OF THE ABOVE QUESTIONS IS "YES," PROVIDE A DETAILED EXPLANATION OF EACH ITEM. ATTACH ADDITIONAL SHEETS IF NECESSARY. - ------------------------------------------------------------------------------ - ------------------------------------------------------------------------------ INSURANCE - ------------------------------------------------------------------------------ YES NO - ------------------------------------------------------------------------------ 1. ARE WORKER'S COMPENSATION, GENERAL LIABILITY AND OTHER X NECESSARY INSURANCE COVERAGES IN EFFECT? - ------------------------------------------------------------------------------ 2. ARE ALL PREMIUM PAYMENTS PAID CURRENT? X - ------------------------------------------------------------------------------ 3. PLEASE ITEMIZE POLICIES BELOW. - ------------------------------------------------------------------------------ IF THE ANSWER TO ANY OF THE ABOVE QUESTIONS IS "NO," OR IF ANY POLICIES HAVE BEEN CANCELLED OR NOT RENEWED DURING THIS REPORTING PERIOD, PROVIDE AN EXPLANATION BELOW. ATTACH ADDITIONAL SHEETS IF NECESSARY. - ------------------------------------------------------------------------------ - ------------------------------------------------------------------------------ INSTALLMENT PAYMENTS - ------------------------------------------------------------------------------ TYPE OF PAYMENT AMOUNT POLICY CARRIER PERIOD COVERED & FREQUENCY - ------------------------------------------------------------------------------ - ------------------------------------------------------------------------------ SEE KITTY HAWK, INC. MOR - CASE # 400-42141-BJH-11 - ------------------------------------------------------------------------------ CASE NAME: KITTY HAWK AIRCARGO, INC. CASE NUMBER: 400-42142-BJH-11 DETAILS OF OTHER ITEMS SEPTEMBER, 2000 ACCRUAL BASIS-1 8. OTHER (ATTACH LIST) $ (38,185,016)Reported ----------------------- Intercompany Receivables (42,337,254) Deposits - State Street Bank (TA Air) 3,534,696 Deposits - Landing & Parking 25,000 Deposits - Ventura Aerospace 65,125 Deposits - Rent 112,723 Deposits - Misc 300,709 Intangible - Mather 113,985 ----------------------- (38,185,016)Detail ----------------------- - Difference 14. OTHER (ATTACH LIST) $ 4,233,225 Reported ----------------------- Deposits - Aircraft Leases 2,940,816 Intangible - ATAZ STC 1,292,409 ----------------------- 4,233,225 Detail ----------------------- - Difference 22. OTHER (ATTACH LIST) $ 12,125,292 Reported ----------------------- Accrued A/P 2,439,936 Deposit held for ATAZ sale 150,000 Accrued Salaries & Wages 1,219,910 Accrued 401K & Misc PR Deductions 57,232 Accrued PR Taxes (FICA) 92,668 Accrued Fuel Exp 7,326,426 Accrued Interest 985,841 Accrued Maintenance Reserves 1,146,995 Accrued Fed Income Tax (Post) (1,293,716) ----------------------- 12,125,292 Detail ----------------------- - Difference 27. OTHER (ATTACH LIST) $ 20,106,252 Reported ----------------------- Accrued A/P 5,322,148 Accrued Maintenance Reserves 10,267,512 Accrued Fed Income Tax (Pre) 3,332,363 Accrued Taxes - Other 552 FINOVA Equip Accrued 381,177 Pegasus Lease Incentive 802,500 ----------------------- 20,106,252 Detail ----------------------- - Difference CASE NAME: KITTY HAWK AIRCARGO, INC. CASE NUMBER: 400-42142-BJH-11 DETAILS OF OTHER ITEMS SEPTEMBER, 2000 ACCRUAL BASIS-2 13. OTHER (ATTACH LIST) $12,866,022 Reported ----------------------- Aircraft Expense 2,340,638 Maintenance 4,256,996 Fuel 1,069,977 Ops Wages-Flight 2,196,631 Ops Wages-Grnd 723,764 Ground Handling 925,515 Other Operating Exp 1,352,501 ----------------------- 12,866,022 Detail ----------------------- - Difference 16 NON OPERATING INCOME (ATT. LIST) $0 Reported ----------------------- Interest Income - Detail ----------------------- - Difference ACCRUAL BASIS-3 8. OTHER (ATTACH LIST) (13,346,404)Reported ----------------------- Transfer to Inc - all money sweeps (13,346,404)Detail ----------------------- to KH Inc. Case #400-42141 - Difference ----------------------- EX-99.3 4 0004.txt EXHIBIT 99.3 MONTHLY OPERATING REPORT CASE NAME: KITTY HAWK CHARTERS, INC. ACCRUAL BASIS CASE NUMBER: 400-42143-BJH 02/13/95, RWD, 2/96 JUDGE: BARBARA J. HOUSER UNITED STATES BANKRUPTCY COURT NORTHERN DISTRICT OF TEXAS SIXTH DIVISION MONTHLY OPERATING REPORT MONTH ENDING: SEPTEMBER 30, 2000 IN ACCORDANCE WITH TITLE 28, SECTION 1746, OF THE UNITED STATES CODE, I DECLARE UNDER PENALTY OF PERJURY THAT I HAVE EXAMINED THE FOLLOWING MONTHLY OPERATING REPORT (ACCRUAL BASIS-1 THROUGH ACCRUAL BASIS-7) AND THE ACCOMPANYING ATTACHMENTS AND, TO THE BEST OF MY KNOWLEDGE, THESE DOCUMENTS ARE TRUE, CORRECT AND COMPLETE. DECLARATION OF THE PREPARER (OTHER THAN RESPONSIBLE PARTY): IS BASED ON ALL INFORMATION OF WHICH PREPARER HAS ANY KNOWLEDGE. RESPONSIBLE PARTY: /s/ DREW KEITH CFO - --------------------------------------- ------------------------------------- ORIGINAL SIGNATURE OF RESPONSIBLE PARTY TITLE Drew Keith 10/20/00 - --------------------------------------- ------------------------------------- PRINTED NAME OF RESPONSIBLE PARTY DATE PREPARER: /s/ JESSICA L. WILSON Chief Accounting Officer - --------------------------------------- ------------------------------------- ORIGINAL SIGNATURE OF PREPARER TITLE Jessica L. Wilson 10/20/00 - --------------------------------------- ------------------------------------- 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 - --------------------------------------------------------------------------------------------------------------- MONTH MONTH MONTH SCHEDULE ----------------------------------------------------- ASSETS AMOUNT JULY 2000 AUGUST 2000 SEPTEMBER 2000 - --------------------------------------------------------------------------------------------------------------- 1. UNRESTRICTED CASH $15,476 $68,795 ($3,775) ($71,331) - --------------------------------------------------------------------------------------------------------------- 2. RESTRICTED CASH - --------------------------------------------------------------------------------------------------------------- 3. TOTAL CASH $15,476 $68,795 ($3,775) ($71,331) - --------------------------------------------------------------------------------------------------------------- 4. ACCOUNTS RECEIVABLE (NET) $13,356,789 $7,933,994 $7,798,992 $6,750,647 - --------------------------------------------------------------------------------------------------------------- 5. INVENTORY $6,001,461 $5,567,831 $4,846,972 - --------------------------------------------------------------------------------------------------------------- 6. NOTES RECEIVABLE $0 $0 $0 - --------------------------------------------------------------------------------------------------------------- 7. PREPAID EXPENSES $131,474 $145,317 $148,402 - --------------------------------------------------------------------------------------------------------------- 8. OTHER (ATTACH LIST) $37,290,970 $45,471,928 $45,904,717 $47,567,638 - --------------------------------------------------------------------------------------------------------------- 9. TOTAL CURRENT ASSETS $50,663,235 $59,607,652 $59,413,082 $59,242,328 - --------------------------------------------------------------------------------------------------------------- 10. PROPERTY, PLANT & EQUIPMENT $17,083,867 $16,626,807 $16,924,550 $16,645,008 - --------------------------------------------------------------------------------------------------------------- 11. LESS: ACCUMULATED DEPRECIATION/DEPLETION $6,269,976 $6,443,314 $6,601,266 - --------------------------------------------------------------------------------------------------------------- 12. NET PROPERTY, PLANT & EQUIPMENT $17,083,867 $10,356,831 $10,481,236 $10,043,742 - --------------------------------------------------------------------------------------------------------------- 13. DUE FROM INSIDERS $0 $0 $0 - --------------------------------------------------------------------------------------------------------------- 14. OTHER ASSETS - NET OF AMORTIZATION (ATTACH LIST) $0 $0 $0 - --------------------------------------------------------------------------------------------------------------- 15. OTHER (ATTACH LIST) - --------------------------------------------------------------------------------------------------------------- 16. TOTAL ASSETS $67,747,102 $69,964,483 $69,894,318 $69,286,070 - --------------------------------------------------------------------------------------------------------------- POSTPETITION LIABILITIES - --------------------------------------------------------------------------------------------------------------- 17. ACCOUNTS PAYABLE $607,314 $536,868 $249,015 - --------------------------------------------------------------------------------------------------------------- 18. TAXES PAYABLE ($1,716) ($122,509) ($273,063) - --------------------------------------------------------------------------------------------------------------- 19. NOTES PAYABLE $0 $0 $0 - --------------------------------------------------------------------------------------------------------------- 20. PROFESSIONAL FEES $0 $0 $0 - --------------------------------------------------------------------------------------------------------------- 21. SECURED DEBT $0 $0 $0 - --------------------------------------------------------------------------------------------------------------- 22. OTHER (ATTACH LIST) $775,995 $1,238,774 $1,241,860 - --------------------------------------------------------------------------------------------------------------- 23. TOTAL POSTPETITION LIABILITIES $1,381,593 $1,653,133 $1,217,812 - --------------------------------------------------------------------------------------------------------------- PREPETITION LIABILITIES - --------------------------------------------------------------------------------------------------------------- 24. SECURED DEBT $152,776 $131,980 $121,458 $110,851 - --------------------------------------------------------------------------------------------------------------- 25. PRIORITY DEBT $380,384 $0 $0 $0 - --------------------------------------------------------------------------------------------------------------- 26. UNSECURED DEBT $10,596,326 $18,810,130 $18,723,701 $18,698,969 - --------------------------------------------------------------------------------------------------------------- 27. OTHER (ATTACH LIST) $0 $0 $0 - --------------------------------------------------------------------------------------------------------------- 28. TOTAL PREPETITION LIABILITIES $11,129,486 $18,942,110 $18,845,159 $18,809,820 - --------------------------------------------------------------------------------------------------------------- 29. TOTAL LIABILITIES $11,129,486 $20,323,703 $20,498,292 $20,027,632 - --------------------------------------------------------------------------------------------------------------- EQUITY - --------------------------------------------------------------------------------------------------------------- 30. PREPETITION OWNERS' EQUITY $49,811,366 $49,811,366 $49,811,366 - --------------------------------------------------------------------------------------------------------------- 31. POSTPETITION CUMULATIVE PROFIT OR (LOSS) ($170,586) ($415,340) ($552,928) - --------------------------------------------------------------------------------------------------------------- 32. DIRECT CHARGES TO EQUITY (ATTACH EXPLANATION) - --------------------------------------------------------------------------------------------------------------- 33. TOTAL EQUITY $0 $49,640,780 $49,396,026 $49,258,438 - --------------------------------------------------------------------------------------------------------------- 34. TOTAL LIABILITIES & OWNERS' EQUITY $11,129,486 $69,964,483 $69,894,318 $69,286,070 - ---------------------------------------------------------------------------------------------------------------
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 AUGUST 2000 SEPTEMBER 2000 TOTAL - ---------------------------------------------------------------------------------------------------- 1. GROSS REVENUES $1,698,466 $2,644,756 $2,318,603 $6,661,825 - ---------------------------------------------------------------------------------------------------- 2. LESS: RETURNS & DISCOUNTS $0 $0 $0 $0 - ---------------------------------------------------------------------------------------------------- 3. NET REVENUE $1,698,466 $2,644,756 $2,318,603 $6,661,825 - ---------------------------------------------------------------------------------------------------- COST OF GOODS SOLD - ---------------------------------------------------------------------------------------------------- 4. MATERIAL $0 $0 $0 $0 - ---------------------------------------------------------------------------------------------------- 5. DIRECT LABOR $0 $0 $0 $0 - ---------------------------------------------------------------------------------------------------- 6. DIRECT OVERHEAD $0 $0 $0 $0 - ---------------------------------------------------------------------------------------------------- 7. TOTAL COST OF GOODS SOLD $0 $0 $0 $0 - ---------------------------------------------------------------------------------------------------- 8. GROSS PROFIT $1,698,466 $2,644,756 $2,318,603 $6,661,825 - ---------------------------------------------------------------------------------------------------- OPERATING EXPENSES - ---------------------------------------------------------------------------------------------------- 9. OFFICER/INSIDER COMPENSATION $0 $0 $0 $0 - ---------------------------------------------------------------------------------------------------- 10. SELLING & MARKETING $0 $0 $0 $0 - ---------------------------------------------------------------------------------------------------- 11. GENERAL & ADMINISTRATIVE $470,725 $334,880 $246,773 $1,052,378 - ---------------------------------------------------------------------------------------------------- 12. RENT & LEASE $0 $0 $0 $0 - ---------------------------------------------------------------------------------------------------- 13. OTHER (ATTACH LIST) $1,921,759 $2,530,623 $2,226,026 $6,678,408 - ---------------------------------------------------------------------------------------------------- 14. TOTAL OPERATING EXPENSES $2,392,484 $2,865,503 $2,472,799 $7,730,786 - ---------------------------------------------------------------------------------------------------- 15. INCOME BEFORE NON-OPERATING INCOME & EXPENSE ($694,018) ($220,747) ($154,196) ($1,068,961) - ---------------------------------------------------------------------------------------------------- OTHER INCOME & EXPENSES - ---------------------------------------------------------------------------------------------------- 16. NON-OPERATING INCOME (ATT. LIST) $0 $0 $0 $0 - ---------------------------------------------------------------------------------------------------- 17. NON-OPERATING EXPENSE (ATT. LIST) $0 $0 $0 $0 - ---------------------------------------------------------------------------------------------------- 18. INTEREST EXPENSE ($40,425) ($31,630) ($39,053) ($111,108) - ---------------------------------------------------------------------------------------------------- 19. DEPRECIATION/DEPLETION $174,996 $173,339 $171,713 $520,048 - ---------------------------------------------------------------------------------------------------- 20. AMORTIZATION $0 $0 $0 $0 - ---------------------------------------------------------------------------------------------------- 21. OTHER (ATTACH LIST) $0 $0 $0 $0 - ---------------------------------------------------------------------------------------------------- 22. NET OTHER INCOME & EXPENSES $134,571 $141,709 $132,660 $408,940 - ---------------------------------------------------------------------------------------------------- REORGANIZATION EXPENSES - ---------------------------------------------------------------------------------------------------- 23. PROFESSIONAL FEES $0 $0 $0 $0 - ---------------------------------------------------------------------------------------------------- 24. U.S. TRUSTEE FEES $0 $0 $250 $250 - ---------------------------------------------------------------------------------------------------- 25. OTHER (ATTACH LIST) $0 $0 $0 $0 - ---------------------------------------------------------------------------------------------------- 26. TOTAL REORGANIZATION EXPENSES $0 $0 $250 $250 - ---------------------------------------------------------------------------------------------------- 27. INCOME TAX ($288,003) ($117,698) ($149,522) ($555,223) - ---------------------------------------------------------------------------------------------------- 28. NET PROFIT (LOSS) ($540,586) ($244,758) ($137,584) ($922,928) - ----------------------------------------------------------------------------------------------------
MONTHLY OPERATING REPORT CASE NAME: KITTY HAWK CHARTERS, INC. ACCRUAL BASIS-3 CASE NUMBER: 400-42143-BJH 02/13/95, RWD, 2/96
- ---------------------------------------------------------------------------------------------------------- MONTH MONTH MONTH CASH RECEPITS AND -------------------------------------------------- QUARTER DISBURSEMENTS JULY 2000 AUGUST 2000 SEPTEMBER 2000 TOTAL - ---------------------------------------------------------------------------------------------------------- 1. CASH - BEGINNING OF MONTH $221,228 $68,795 ($3,775) $221,228 - ---------------------------------------------------------------------------------------------------------- RECEIPTS FROM OPERATIONS - ---------------------------------------------------------------------------------------------------------- 2. CASH SALES $3,259 $7,457 $0 $10,716 - ---------------------------------------------------------------------------------------------------------- COLLECTION OF ACCOUNTS RECEIVABLE - ---------------------------------------------------------------------------------------------------------- 3. PREPETITION $3,326,367 $2,214,239 $3,103,324 $8,643,930 - ---------------------------------------------------------------------------------------------------------- 4. POSTPETITION $0 $0 $0 $0 - ---------------------------------------------------------------------------------------------------------- 5. TOTAL OPERATING RECEIPTS $3,329,626 $2,221,696 $3,103,324 $8,654,646 - ---------------------------------------------------------------------------------------------------------- NON - OPERATING RECEIPTS - ---------------------------------------------------------------------------------------------------------- 6. LOANS & ADVANCES (ATTACH LIST) $0 $0 $0 $0 - ---------------------------------------------------------------------------------------------------------- 7. SALE OF ASSETS $0 $0 $0 $0 - ---------------------------------------------------------------------------------------------------------- 8. OTHER (ATTACH LIST) ($3,482,059) ($2,294,266) ($3,170,880) ($8,947,205) - ---------------------------------------------------------------------------------------------------------- 9. TOTAL NON-OPERATING RECEIPTS ($3,482,059) ($2,294,266) ($3,170,880) ($8,947,205) - ---------------------------------------------------------------------------------------------------------- 10. TOTAL RECEIPTS ($152,433) ($72,570) ($67,556) ($292,559) - ---------------------------------------------------------------------------------------------------------- 11. TOTAL CASH AVAILABLE $68,795 ($3,775) ($71,331) ($71,331) - ---------------------------------------------------------------------------------------------------------- OPERATING DISBURSEMENTS - ---------------------------------------------------------------------------------------------------------- 12. NET PAYROLL $0 $0 $0 $0 - ---------------------------------------------------------------------------------------------------------- 13. PAYROLL TAXES PAID $0 $0 $0 $0 - ---------------------------------------------------------------------------------------------------------- 14. SALES, USE & OTHER TAXES PAID $0 $0 $0 $0 - ---------------------------------------------------------------------------------------------------------- 15. SECURED/RENTAL/LEASES $0 $0 $0 $0 - ---------------------------------------------------------------------------------------------------------- 16. UTILITIES $0 $0 $0 $0 - ---------------------------------------------------------------------------------------------------------- 17. INSURANCE $0 $0 $0 $0 - ---------------------------------------------------------------------------------------------------------- 18. INVENTORY PURCHASES $0 $0 $0 $0 - ---------------------------------------------------------------------------------------------------------- 19. VEHICLE EXPENSES $0 $0 $0 $0 - ---------------------------------------------------------------------------------------------------------- 20. TRAVEL $0 $0 $0 $0 - ---------------------------------------------------------------------------------------------------------- 21. ENTERTAINMENT $0 $0 $0 $0 - ---------------------------------------------------------------------------------------------------------- 22. REPAIRS & MAINTENANCE $0 $0 $0 $0 - ---------------------------------------------------------------------------------------------------------- 23. SUPPLIES $0 $0 $0 $0 - ---------------------------------------------------------------------------------------------------------- 24. ADVERTISING $0 $0 $0 $0 - ---------------------------------------------------------------------------------------------------------- 25. OTHER (ATTACH LIST) $0 $0 $0 $0 - ---------------------------------------------------------------------------------------------------------- 26. TOTAL OPERATING DISBURSEMENTS $0 $0 $0 $0 - ---------------------------------------------------------------------------------------------------------- REORGANIZATION EXPENSES - ---------------------------------------------------------------------------------------------------------- 27. PROFESSIONAL FEES $0 $0 $0 $0 - ---------------------------------------------------------------------------------------------------------- 28. U.S. TRUSTEE FEES $0 $0 $0 $0 - ---------------------------------------------------------------------------------------------------------- 29. OTHER (ATTACH LIST) $0 $0 $0 $0 - ---------------------------------------------------------------------------------------------------------- 30. TOTAL REORGANIZATION EXPENSES $0 $0 $0 $0 - ---------------------------------------------------------------------------------------------------------- 31. TOTAL DISBURSEMENTS $0 $0 $0 $0 - ---------------------------------------------------------------------------------------------------------- 32. NET CASH FLOW ($152,433) ($72,570) ($67,556) ($292,559) - ---------------------------------------------------------------------------------------------------------- 33. CASH - END OF MONTH $68,795 ($3,775) ($71,331) ($71,331) - ----------------------------------------------------------------------------------------------------------
MONTHLY OPERATING REPORT CASE NAME: KITTY HAWK CHARTERS, INC. ACCRUAL BASIS-4 CASE NUMBER: 400-42143-BJH 02/13/95, RWD, 2/96
MONTH MONTH MONTH SCHEDULE ------------------------------------------------ ACCOUNTS RECEIVABLE AGING AMOUNT JULY 2000 AUGUST 2000 SEPTEMBER 2000 - --------------------------------------------------------------------------------------------------------------- 1. 0-30 $1,393,027 $2,460,095 $2,403,287 - --------------------------------------------------------------------------------------------------------------- 2. 31-60 $1,649,627 $633,776 $1,020,889 - --------------------------------------------------------------------------------------------------------------- 3. 61-90 $856,786 $596,046 $159,623 - --------------------------------------------------------------------------------------------------------------- 4. 91+ $4,034,554 $4,109,075 $3,166,848 - --------------------------------------------------------------------------------------------------------------- 5. TOTAL ACCOUNTS RECEIVABLE $0 $7,933,994 $7,798,992 $6,750,647 - --------------------------------------------------------------------------------------------------------------- 6. AMOUNT CONSIDERED UNCOLLECTIBLE $0 $0 $0 - --------------------------------------------------------------------------------------------------------------- 7. ACCOUNTS RECEIVABLE (NET) $0 $7,933,994 $7,798,992 $6,750,647 AGING OF POSTPETITION TAXES AND PAYABLES MONTH: September 2000 0-30 31-60 61-90 91+ TAXES PAYABLE DAYS DAYS DAYS DAYS TOTAL - --------------------------------------------------------------------------------------------------------------- 1. FEDERAL ($322,293) $0 $0 $0 ($322,293) - --------------------------------------------------------------------------------------------------------------- 2. STATE $49,230 $0 $0 $0 $49,230 - --------------------------------------------------------------------------------------------------------------- 3. LOCAL $0 $0 $0 $0 $0 - --------------------------------------------------------------------------------------------------------------- 4. OTHER (ATTACH LIST) $0 $0 $0 $0 $0 - --------------------------------------------------------------------------------------------------------------- 5. TOTAL TAXES PAYABLE ($273,063) $0 $0 $0 ($273,063) - --------------------------------------------------------------------------------------------------------------- - --------------------------------------------------------------------------------------------------------------- 6. ACCOUNTS PAYABLE $39,908 $7,145 $71,584 $130,378 $249,015 - ---------------------------------------------------------------------------------------------------------------
STATUS OF POSTPETITION TAXES MONTH: September 2000 BEGINNING AMOUNT ENDING TAX WITHHELD AND/ AMOUNT TAX FEDERAL LIABILITY* 0R ACCRUED PAID LIABILITY - --------------------------------------------------------------------------------------------- 1. WITHHOLDING** $0 $194,822 $194,822 $0 - --------------------------------------------------------------------------------------------- 2. FICA-EMPLOYEE** $0 $0 $0 $0 - --------------------------------------------------------------------------------------------- 3. FICA-EMPLOYER** $0 $0 $0 $0 - --------------------------------------------------------------------------------------------- 4. UNEMPLOYMENT $0 $0 $0 $0 - --------------------------------------------------------------------------------------------- 5. INCOME ($55,073) ($267,220) $0 ($322,293) - --------------------------------------------------------------------------------------------- 6. OTHER (ATTACH LIST) $0 $0 $0 $0 - --------------------------------------------------------------------------------------------- 7. TOTAL FEDERAL TAXES ($55,073) ($72,398) $194,822 ($322,293) - --------------------------------------------------------------------------------------------- STATE AND LOCAL - --------------------------------------------------------------------------------------------- 8. WITHHOLDING $0 $0 $0 $0 - --------------------------------------------------------------------------------------------- 9. SALES $596 $0 $392 $204 - --------------------------------------------------------------------------------------------- 10. EXCISE $34,666 $49,026 $34,666 $49,026 - --------------------------------------------------------------------------------------------- 11. UNEMPLOYMENT $0 $0 $0 $0 - --------------------------------------------------------------------------------------------- 12. REAL PROPERTY $15,000 ($15,000) $0 $0 - --------------------------------------------------------------------------------------------- 13. PERSONAL PROPERTY $0 $0 $0 $0 - --------------------------------------------------------------------------------------------- 14. OTHER (ATTACH LIST) $0 $0 $0 $0 - --------------------------------------------------------------------------------------------- 15. TOTAL STATE & LOCAL $50,262 $34,026 $35,058 $49,230 - --------------------------------------------------------------------------------------------- 16. TOTAL TAXES ($4,811) ($38,372) $229,880 ($273,063) - ---------------------------------------------------------------------------------------------
* 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: September 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 $6,433 $6,433 - --------------------------------------------------------------------------------------------------------- 2. ADD: TOTAL DEPOSITS NOT CREDITED $0 $0 $0 - --------------------------------------------------------------------------------------------------------- 3. SUBTRACT: OUTSTANDING CHECKS $0 $0 $0 - --------------------------------------------------------------------------------------------------------- 4. OTHER RECONCILING ITEMS ($92,514) $0 ($92,514) - --------------------------------------------------------------------------------------------------------- 5. MONTH END BALANCE PER BOOKS ($92,514) $6,433 $0 ($86,081) - --------------------------------------------------------------------------------------------------------- 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 ($71,331) - ---------------------------------------------------------------------------------------------------------
MONTHLY OPERATING REPORT CASE NAME: KITTY HAWK CHARTERS, INC. ACCRUAL BASIS-6 CASE NUMBER: 400-42143-BJH 02/13/95, RWD, 2/96 MONTH: September 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 $55,000 - ------------------------------------------------------------------- 3. N/A - ------------------------------------------------------------------- 4. N/A - ------------------------------------------------------------------- 5. N/A - ------------------------------------------------------------------- 6. TOTAL PAYMENTS -------------------------- TO INSIDERS $10,000 $59,808 - -------------------------------------------------------------------------------- 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 $11,579 $0 - ----------------------------------------------------------------------- 2. N/A - ----------------------------------------------------------------------- 3. N/A - ----------------------------------------------------------------------- 4. N/A - ----------------------------------------------------------------------- 5. N/A - ----------------------------------------------------------------------- 6. TOTAL $11,579 $11,579 $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: September 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. - ------------------------------------------------------------------------------------------------------- Inventory for Kitty Hawk Accessories was sold in Auction in September 2000. These assets were transferred to Kitty Hawk International, Inc. - ------------------------------------------------------------------------------------------------------- Case #400-42144. - ------------------------------------------------------------------------------------------------------- - ------------------------------------------------------------------------------------------------------- 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: September 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 prepetition accounts receivable and post petition accounts receivable. Therefore, cash receipts is provided in total for the month. - -------------------------------------------------------------------------------------------------------------------- 3 8 All cash received into the Company cash accounts is swept each night to Kitty Hawk, Inc. Master Account (see Case #400-42141). - -------------------------------------------------------------------------------------------------------------------- 3 31 All disbursements (either by wire transfer or check), including payroll are disbursed out of the Kitty Hawk, Inc. controlled disbursement account. - -------------------------------------------------------------------------------------------------------------------- 4 6 All assessment of uncollectible accounts receivable are done at Kitty Hawk, Inc. Refer to Case #400-4214. All reserves are recorded at Inc. and pushed down to Inc.'s subsidiaries as deemed necessary. - -------------------------------------------------------------------------------------------------------------------- 4 6 Accounts payable on the aging are in the 60 and 90 day categories due to wire transfers sent as prepayment on Kitty Hawk Inc. (Case #400-42141) A/P aging and invoices on Kitty Hawk Charters Aging. Company is working on clearing these items. - -------------------------------------------------------------------------------------------------------------------- 3 28 All payments are made by Kitty Hawk, Inc. (Case #400-42141) - --------------------------------------------------------------------------------------------------------------------
CASE NAME: KITTY HAWK CHARTERS, INC. CASE NUMBER: 400-42143 DETAILS OF OTHER ITEMS ACCRUAL BASIS-1 September 2000 8. OTHER (ATTACH LIST) $ 47,567,638 Reported -------------------- Intercompany Receivables 47,184,555 Contra A/R 420 A/R Other 52,231 A/R Clearing 78,621 A/R Customer Refund 3,376 A/R Accrued 30 A/R 401(k) Loan (1,784) A/R Employees 8,507 A/R Clothing Sales 33,969 A/R Payroll Advance - A/R Aging reconciling item 134,516 Fuel Inventory 66,481 Misc 6,082 Security Deposit 634 -------------------- 47,567,638 Detail -------------------- - Difference 22. OTHER (ATTACH LIST) $ 1,241,860 Reported -------------------- Accrued charter expenses 561,040 Accrued Salaries/Wages 296,563 Accrued 401(k) (38,670) Accrued accounting/legal 35,831 A/P Unrecorded 26,000 Adjusted FET (136,996) A/P Aging reconciling item 7,631 Accrued franchise tax 15,732 Misc 136 Accrued Fuel 474,593 -------------------- 1,241,860 Detail -------------------- - Difference ACCRUAL BASIS-2 13. OTHER (ATTACH LIST) $2,226,026 Reported -------------------- Ondemand costs 251,880 135 Airline charter costs 85,064 Fuel 610,781 Wages 631,010 Travel expense 19,056 Insurance 37,702 Other 9,490 Rotables/Repair/Consumables 551,869 Shipping 6,562 Shop materials/equip rental 22,612 Maintenance allocation - -------------------- 2,226,026 Detail -------------------- - Difference ACCRUAL BASIS-3 8. OTHER (ATTACH LIST) (3,170,880)Reported -------------------- Transfer from OK Turbines (Case #400-42146) 150,000 Sweeps to Kitty Hawk, Inc. (3,320,880)Detail -------------------- (3,170,880)Detail -------------------- - 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: SEPTEMBER 30, 2000 IN ACCORDANCE WITH TITLE 28, SECTION 1746, OF THE UNITED STATES CODE, I DECLARE UNDER PENALTY OF PERJURY THAT I HAVE EXAMINED THE FOLLOWING MONTHLY OPERATING REPORT (ACCRUAL BASIS-1 THROUGH ACCRUAL BASIS-7) AND THE ACCOMPANYING ATTACHMENTS AND, TO THE BEST OF MY KNOWLEDGE, THESE DOCUMENTS ARE TRUE, CORRECT AND COMPLETE. DECLARATION OF THE PREPARER (OTHER THAN RESPONSIBLE PARTY): IS BASED ON ALL INFORMATION OF WHICH PREPARER HAS ANY KNOWLEDGE. RESPONSIBLE PARTY: /s/ DREW KEITH CFO - --------------------------------------- ------------------------------------- ORIGINAL SIGNATURE OF RESPONSIBLE PARTY TITLE Drew Keith 10/20/00 - --------------------------------------- ------------------------------------- PRINTED NAME OF RESPONSIBLE PARTY DATE PREPARER: /s/ JESSICA L. WILSON Chief Accounting Officer - --------------------------------------- ------------------------------------- ORIGINAL SIGNATURE OF PREPARER TITLE Jessica L. Wilson 10/20/00 - --------------------------------------- ------------------------------------- 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 MONTH MONTH MONTH SCHEDULE -------------------------------------------------------- ASSETS AMOUNT JULY 2000 AUGUST 2000 SEPTEMBER 2000 - ------------------------------------------------------------------------------------------------------------------ 1. UNRESTRICTED CASH $40,098 $30,292 $30,292 $30,292 - ------------------------------------------------------------------------------------------------------------------ 2. RESTRICTED CASH $0 $0 $7,059,605 - ------------------------------------------------------------------------------------------------------------------ 3. TOTAL CASH $40,098 $30,292 $30,292 $7,089,897 - ------------------------------------------------------------------------------------------------------------------ 4. ACCOUNTS RECEIVABLE (NET) $9,006,275 $7,911,886 $7,373,845 $7,368,368 - ------------------------------------------------------------------------------------------------------------------ 5. INVENTORY $20,429,725 $20,185,546 $20,210,735 $4,277,599 - ------------------------------------------------------------------------------------------------------------------ 6. NOTES RECEIVABLE $0 $0 $0 - ------------------------------------------------------------------------------------------------------------------ 7. PREPAID EXPENSES $258,310 $98,969 $57,002 - ------------------------------------------------------------------------------------------------------------------ 8. OTHER (ATTACH LIST) $21,367,511 ($348,677,077) ($349,262,961) ($350,714,562) - ------------------------------------------------------------------------------------------------------------------ 9. TOTAL CURRENT ASSETS $50,843,609 ($320,291,043) ($321,549,120) ($331,921,696) - ------------------------------------------------------------------------------------------------------------------ 10. PROPERTY, PLANT & EQUIPMENT $474,988,760 $566,864,544 $566,833,977 $553,211,713 - ------------------------------------------------------------------------------------------------------------------ 11. LESS: ACCUMULATED DEPRECIATION/DEPLETION $89,110,093 $89,107,595 $86,299,859 - ------------------------------------------------------------------------------------------------------------------ 12. NET PROPERTY, PLANT & EQUIPMENT $474,988,760 $477,754,451 $477,726,382 $466,911,854 - ------------------------------------------------------------------------------------------------------------------ 13. DUE FROM INSIDERS $599,113 $0 $0 - ------------------------------------------------------------------------------------------------------------------ 14. OTHER ASSETS - NET OF AMORTIZATION (ATTACH LIST) $0 $0 $0 - ------------------------------------------------------------------------------------------------------------------ 15. OTHER (ATTACH LIST) $0 $0 $0 - ------------------------------------------------------------------------------------------------------------------ 16. TOTAL ASSETS $525,832,369 $158,062,521 $156,177,262 $134,990,158 - ------------------------------------------------------------------------------------------------------------------ POSTPETITION LIABILITIES - ------------------------------------------------------------------------------------------------------------------ 17. ACCOUNTS PAYABLE $94,965 $107,731 $101,079 - ------------------------------------------------------------------------------------------------------------------ 18. TAXES PAYABLE $0 $0 $0 - ------------------------------------------------------------------------------------------------------------------ 19. NOTES PAYABLE $0 $0 $0 - ------------------------------------------------------------------------------------------------------------------ 20. PROFESSIONAL FEES $0 $0 $0 - ------------------------------------------------------------------------------------------------------------------ 21. SECURED DEBT $0 $0 $0 - ------------------------------------------------------------------------------------------------------------------ 22. OTHER (ATTACH LIST) ($726,656) ($967,240) ($9,371,337) - ------------------------------------------------------------------------------------------------------------------ 23. TOTAL POSTPETITION LIABILITIES ($631,691) ($859,509) ($9,270,258) - ------------------------------------------------------------------------------------------------------------------ PREPETITION LIABILITIES - ------------------------------------------------------------------------------------------------------------------ 24. SECURED DEBT $23,187,921 $23,109,424 $23,109,424 $22,996,901 - ------------------------------------------------------------------------------------------------------------------ 25. PRIORITY DEBT $4,672,323 $0 $0 $0 - ------------------------------------------------------------------------------------------------------------------ 26. UNSECURED DEBT $392,188,633 $14,942,082 $17,477,245 $17,596,321 - ------------------------------------------------------------------------------------------------------------------ 27. OTHER (ATTACH LIST) $92,595,199 $88,750,302 $88,607,241 - ------------------------------------------------------------------------------------------------------------------ 28. TOTAL PREPETITION LIABILITIES $420,048,877 $130,646,705 $129,336,971 $129,200,463 - ------------------------------------------------------------------------------------------------------------------ 29. TOTAL LIABILITIES $420,048,877 $130,015,014 $128,477,462 $119,930,205 - ------------------------------------------------------------------------------------------------------------------ EQUITY - ------------------------------------------------------------------------------------------------------------------ 30. PREPETITION OWNERS' EQUITY $29,200,132 $29,200,132 $29,200,132 - ------------------------------------------------------------------------------------------------------------------ 31. POSTPETITION CUMULATIVE PROFIT OR (LOSS) ($1,152,625) ($1,500,332) ($14,140,179) - ------------------------------------------------------------------------------------------------------------------ 32. DIRECT CHARGES TO EQUITY (ATTACH EXPLANATION) - ------------------------------------------------------------------------------------------------------------------ 33. TOTAL EQUITY $0 $28,047,507 $27,699,800 $15,059,953 - ------------------------------------------------------------------------------------------------------------------ 34. TOTAL LIABILITIES & OWNERS' EQUITY $420,048,877 $158,062,521 $156,177,262 $134,990,158 - ------------------------------------------------------------------------------------------------------------------
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 August 2000 September 2000 TOTAL - ------------------------------------------------------------------------------------------------------ 1. GROSS REVENUES $0 $14,500 $0 $14,500 - ------------------------------------------------------------------------------------------------------ 2. LESS: RETURNS & DISCOUNTS $0 $0 $0 $0 - ------------------------------------------------------------------------------------------------------ 3. NET REVENUE $0 $14,500 $0 $14,500 - ------------------------------------------------------------------------------------------------------ COST OF GOODS SOLD - ------------------------------------------------------------------------------------------------------ 4. MATERIAL $0 $0 $0 $0 - ------------------------------------------------------------------------------------------------------ 5. DIRECT LABOR $0 $0 $0 $0 - ------------------------------------------------------------------------------------------------------ 6. DIRECT OVERHEAD $0 $0 $0 $0 - ------------------------------------------------------------------------------------------------------ 7. TOTAL COST OF GOODS SOLD $0 $0 $0 $0 - ------------------------------------------------------------------------------------------------------ 8. GROSS PROFIT $0 $14,500 $0 $14,500 - ------------------------------------------------------------------------------------------------------ OPERATING EXPENSES - ------------------------------------------------------------------------------------------------------ 9. OFFICER/INSIDER COMPENSATION $0 $0 $0 $0 - ------------------------------------------------------------------------------------------------------ 10. SELLING & MARKETING $0 $0 $0 $0 - ------------------------------------------------------------------------------------------------------ 11. GENERAL & ADMINISTRATIVE $190,377 $174,931 $61,018 $426,326 - ------------------------------------------------------------------------------------------------------ 12. RENT & LEASE $21,437 $0 $67,233 $88,670 - ------------------------------------------------------------------------------------------------------ 13. OTHER (ATTACH LIST) $0 $0 $0 $0 - ------------------------------------------------------------------------------------------------------ 14. TOTAL OPERATING EXPENSES $211,814 $174,931 $128,251 $514,996 - ------------------------------------------------------------------------------------------------------ 15. INCOME BEFORE NON-OPERATING INCOME & EXPENSE ($211,814) ($160,431) ($128,251) ($500,496) - ------------------------------------------------------------------------------------------------------ OTHER INCOME & EXPENSES - ------------------------------------------------------------------------------------------------------ 16. NON-OPERATING INCOME (ATT. LIST) $0 $108,626 ($249,924) ($141,298) - ------------------------------------------------------------------------------------------------------ 17. NON-OPERATING EXPENSE (ATT. LIST) $0 $0 $0 $0 - ------------------------------------------------------------------------------------------------------ 18. INTEREST EXPENSE $386,989 $310,537 $371,191 $1,068,717 - ------------------------------------------------------------------------------------------------------ 19. DEPRECIATION/DEPLETION $0 $0 $0 $0 - ------------------------------------------------------------------------------------------------------ 20. AMORTIZATION $0 $0 $0 $0 - ------------------------------------------------------------------------------------------------------ 21. OTHER (ATTACH LIST) $0 $0 $20,816,809 $20,816,809 - ------------------------------------------------------------------------------------------------------ 22. NET OTHER INCOME & EXPENSES $386,989 $419,163 $20,938,076 $21,744,228 - ------------------------------------------------------------------------------------------------------ REORGANIZATION EXPENSES - ------------------------------------------------------------------------------------------------------ 23. PROFESSIONAL FEES $0 $0 $0 $0 - ------------------------------------------------------------------------------------------------------ 24. U.S. TRUSTEE FEES $0 $0 $250 $250 - ------------------------------------------------------------------------------------------------------ 25. OTHER (ATTACH LIST) $0 $0 $0 $0 - ------------------------------------------------------------------------------------------------------ 26. TOTAL REORGANIZATION EXPENSES $0 $0 $250 $250 - ------------------------------------------------------------------------------------------------------ 27. INCOME TAX ($239,521) ($231,838) ($8,426,532) ($8,897,891) - ------------------------------------------------------------------------------------------------------ 28. NET PROFIT (LOSS) ($359,282) ($347,756) ($12,640,045) ($13,347,083) - ------------------------------------------------------------------------------------------------------
MONTHLY OPERATING REPORT CASE NAME: KITTY HAWK INTERNATIONAL, INC. ACCRUAL BASIS-3 CASE NUMBER: 400-42144 02/13/95, RWD, 2/96
- ---------------------------------------------------------------------------------------------------------- MONTH MONTH MONTH CASH RECEIPTS AND -------------------------------------------------- QUARTER DISBURSEMENTS JULY 2000 AUGUST 2000 SEPTEMBER 2000 TOTAL - ---------------------------------------------------------------------------------------------------------- 1. CASH - BEGINNING OF MONTH $30,292 $30,292 $30,292 $30,292 - ---------------------------------------------------------------------------------------------------------- RECEIPTS FROM OPERATIONS - ---------------------------------------------------------------------------------------------------------- 2. CASH SALES $0 $0 $0 $0 - ---------------------------------------------------------------------------------------------------------- COLLECTION OF ACCOUNTS RECEIVABLE - ---------------------------------------------------------------------------------------------------------- 3. PREPETITION $0 $0 $0 $0 - ---------------------------------------------------------------------------------------------------------- 4. POSTPETITION $5,000 $690,326 $7,150 $702,476 - ---------------------------------------------------------------------------------------------------------- 5. TOTAL OPERATING RECEIPTS $5,000 $690,326 $7,150 $702,476 - ---------------------------------------------------------------------------------------------------------- NON - OPERATING RECEIPTS - ---------------------------------------------------------------------------------------------------------- 6. LOANS & ADVANCES (ATTACH LIST) $0 $0 $0 $0 - ---------------------------------------------------------------------------------------------------------- 7. SALE OF ASSETS $0 $0 $0 $0 - ---------------------------------------------------------------------------------------------------------- 8. OTHER (ATTACH LIST) ($5,000) ($690,326) ($7,150) ($702,476) - ---------------------------------------------------------------------------------------------------------- 9. TOTAL NON-OPERATING RECEIPTS ($5,000) ($690,326) ($7,150) ($702,476) - ---------------------------------------------------------------------------------------------------------- 10. TOTAL RECEIPTS $0 ($0) $0 ($0) - ---------------------------------------------------------------------------------------------------------- 11. TOTAL CASH AVAILABLE $30,292 $30,292 $30,292 $30,292 - ---------------------------------------------------------------------------------------------------------- OPERATING DISBURSEMENTS - ---------------------------------------------------------------------------------------------------------- 12. NET PAYROLL $0 $0 $0 $0 - ---------------------------------------------------------------------------------------------------------- 13. PAYROLL TAXES PAID $0 $0 $0 $0 - ---------------------------------------------------------------------------------------------------------- 14. SALES, USE & OTHER TAXES PAID $0 $0 $0 $0 - ---------------------------------------------------------------------------------------------------------- 15. SECURED/RENTAL/LEASES $0 $0 $0 $0 - ---------------------------------------------------------------------------------------------------------- 16. UTILITIES $0 $0 $0 $0 - ---------------------------------------------------------------------------------------------------------- 17. INSURANCE $0 $0 $0 $0 - ---------------------------------------------------------------------------------------------------------- 18. INVENTORY PURCHASES $0 $0 $0 $0 - ---------------------------------------------------------------------------------------------------------- 19. VEHICLE EXPENSES $0 $0 $0 $0 - ---------------------------------------------------------------------------------------------------------- 20. TRAVEL $0 $0 $0 $0 - ---------------------------------------------------------------------------------------------------------- 21. ENTERTAINMENT $0 $0 $0 $0 - ---------------------------------------------------------------------------------------------------------- 22. REPAIRS & MAINTENANCE $0 $0 $0 $0 - ---------------------------------------------------------------------------------------------------------- 23. SUPPLIES $0 $0 $0 $0 - ---------------------------------------------------------------------------------------------------------- 24. ADVERTISING $0 $0 $0 $0 - ---------------------------------------------------------------------------------------------------------- 25. OTHER (ATTACH LIST) $0 $0 $0 $0 - ---------------------------------------------------------------------------------------------------------- 26. TOTAL OPERATING DISBURSEMENTS $0 $0 $0 $0 - ---------------------------------------------------------------------------------------------------------- REORGANIZATION EXPENSES - ---------------------------------------------------------------------------------------------------------- 27. PROFESSIONAL FEES $0 $0 $0 $0 - ---------------------------------------------------------------------------------------------------------- 28. U.S. TRUSTEE FEES $0 $0 $0 $0 - ---------------------------------------------------------------------------------------------------------- 29. OTHER (ATTACH LIST) $0 $0 $0 $0 - ---------------------------------------------------------------------------------------------------------- 30. TOTAL REORGANIZATION EXPENSES $0 $0 $0 $0 - ---------------------------------------------------------------------------------------------------------- 31. TOTAL DISBURSEMENTS $0 $0 $0 $0 - ---------------------------------------------------------------------------------------------------------- 32. NET CASH FLOW $0 ($0) $0 ($0) - ---------------------------------------------------------------------------------------------------------- 33. CASH - END OF MONTH $30,292 $30,292 $30,292 $30,292 - ----------------------------------------------------------------------------------------------------------
------------- ------------- | REOC | | LEGACY | | ENTITY | | ENTITY | ------------- ------------- | | | | | | 50% 50% | | | | | | | ---------------- | 49.5%| | LLC | |49.5% | | | | ---------------- | | | | 1% | | --------------------------- --------------------------- | LP | | UBS | | | | | --------------------------- --------------------------- \ / gp \ 50% lp / Preference 50% \ / \ / --------------------------------------- | LP | | | --------------------------------------- MONTHLY OPERATING REPORT CASE NAME: KITTY HAWK INTERNATIONAL, INC. ACCRUAL BASIS-4 CASE NUMBER: 400-42144 02/13/95, RWD, 2/96
MONTH MONTH MONTH SCHEDULE ------------------------------------------------- ACCOUNTS RECEIVABLE AGING AMOUNT JULY 2000 AUGUST 2000 SEPTEMBER 2000 - ------------------------------------------------------------------------------------------------------------------ 1. 0-30 ($21,000) $0 ($36,600) - ------------------------------------------------------------------------------------------------------------------ 2. 31-60 ($16,000) $0 $0 - ------------------------------------------------------------------------------------------------------------------ 3. 61-90 $200 $0 $0 - ------------------------------------------------------------------------------------------------------------------ 4. 91+ $7,948,686 $7,373,845 $7,404,968 - ------------------------------------------------------------------------------------------------------------------ 5. TOTAL ACCOUNTS RECEIVABLE $0 $7,911,886 $7,373,845 $7,368,368 - ------------------------------------------------------------------------------------------------------------------ 6. AMOUNT CONSIDERED UNCOLLECTIBLE $0 $0 $0 - ------------------------------------------------------------------------------------------------------------------ 7. ACCOUNTS RECEIVABLE (NET) $0 $7,911,886 $7,373,845 $7,368,368 - ------------------------------------------------------------------------------------------------------------------ AGING OF POSTPETITION TAXES AND PAYABLES MONTH: September 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 $36,350 $1,140 ($895) $64,484 $101,079 - ------------------------------------------------------------------------------------------------------------------ STATUS OF POSTPETITION TAXES MONTH: September 2000 BEGINNING AMOUNT ENDING TAX WITHHELD AND/ AMOUNT TAX FEDERAL LIABILITY* 0R ACCRUED PAID LIABILITY - ------------------------------------------------------------------------------------------------------------------ 1. WITHHOLDING** $0 $4,894 $4,894 $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 $4,894 $4,894 $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 $4,894 $4,894 $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: September 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: September 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 $0 $17,200 - -------------------------------------------------------------------- 2. Tom Mealie Salary $0 $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. GE Capital $4,038 $20,190 $0 - -------------------------------------------------------------------------------- 2. GE Capital $4,402 $22,010 $0 - -------------------------------------------------------------------------------- 3. GE Capital varies $70,321 $0 - -------------------------------------------------------------------------------- 4. N/A $0 - -------------------------------------------------------------------------------- 5. N/A $0 - -------------------------------------------------------------------------------- 6. TOTAL $8,440 $112,521 $0 - -------------------------------------------------------------------------------- MONTHLY OPERATING REPORT CASE NAME: KITTY HAWK INTERNATIONAL, INC. ACCRUAL BASIS-7 CASE NUMBER: 400-42144 02/13/95, RWD, 2/96 MONTH: September 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. Item 10 - there are equipment lease payments due 5/00 and 6/00 still outstanding. These will be settled upon acceptance/rejection of leases. - -------------------------------------------------------------------------------- Item 4 - In September, GE Capital was paid current (since 5/00) for debt outstanding as equipment was located and used in operations. - -------------------------------------------------------------------------------- Item 1 - Certain Inventory and aircraft rotable parts were sold in a partial auction during August and September 2000. The Company generated $7.4 million of proceeds. The cash is being held as restricted cash as the assets sold are collateral for Wells Fargo Bank. - -------------------------------------------------------------------------------- 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: September 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 September 2000 consisted of costs associated with shut down procedures, maintaining collateral and writing off uncollectible receivables. - ------------------------------------------------------------------------------------------------------------------------------ 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) - ------------------------------------------------------------------------------------------------------------------------------ General In August and September 2000, Kitty Hawk International conducted a partial auction of aircraft parts, which generated approximately $7.4 million in proceeds The cash proceeds are held in a separate operating account as distinct funds as the aircraft parts are collateral on the Company's bank loans. - ------------------------------------------------------------------------------------------------------------------------------
CASE NAME: KITTY HAWK INTERNATIONAL, INC. CASE NUMBER: 400-42144 DETAILS OF OTHER ITEMS ACCRUAL BASIS-1 September 2000 8. OTHER (ATTACH LIST) $ (350,714,562)Reported ----------------------- Intercompany Receivables (378,761,952) A/R Senior Noteholders (288,020) A/R Other (87,674) A/R 401(k) Loan (10,048) A/R Employees (1,470) A/R Insurance 133,954 A/R Payroll Advance 680 A/R Travel Advance (520) A/R Auction Proceeds 737,207 A/R Starman Brothers Auction (418,617) A/R Pass Thru billings (114,500) A/R Aging Reconciling item 33,951 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 119,130 Deposits - Landing Fees 5,016 Deposits - Aircraft 584,321 Accum Amortization (379,854) Security Deposit 425,066 ----------------------- (350,714,562)Detail ----------------------- - Difference 22. OTHER (ATTACH LIST) $ (9,371,337)Reported ----------------------- Accrued income taxes (9,426,787) Accrued Misc 29,882 Accrued A/P 17,126 Accrued 401(k) (5,281) Accrued payroll taxes 873 Accrued Salaries/Wages - Accrued Fuel 12,850 ----------------------- (9,371,337)Detail ----------------------- - Difference CASE NAME: KITTY HAWK INTERNATIONAL, INC. CASE NUMBER: 400-42144 DETAILS OF OTHER ITEMS 27. OTHER (ATTACH LIST) $ 88,607,241 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 (273,916) Purchase reserves 1,762,176 Accrued Landing fees/parking/cargo fees 1,644,307 Various accrued taxes 1,313,200 Other Misc accruals 472,730 ----------------------- 88,607,241 Detail ----------------------- - Difference ACCRUAL BASIS-2 17. NON-OPERATING EXPENSE (ATT. LIST) ($249,924)Reported ----------------------- Gain on asset sale to Connie Kalitta (200,000) Fuel tax refunds (12,236) Legal recovery of Captains Checks (37,688) ----------------------- (249,924)Detail ----------------------- - Difference 21. OTHER (ATTACH LIST) 20,816,809 Reported ----------------------- Loss on Auction 20,816,809 Detail ----------------------- - Difference ACCRUAL BASIS-3 8. OTHER (ATTACH LIST) (7,150)Reported ----------------------- Transfer to Inc - all money sweeps (7,150)Detail ----------------------- to KH Inc. Case #400-42141 - Difference ----------------------- EX-99.5 6 0006.txt 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: SEPTEMBER 30, 2000 IN ACCORDANCE WITH TITLE 28, SECTION 1746, OF THE UNITED STATES CODE, I DECLARE UNDER PENALTY OF PERJURY THAT I HAVE EXAMINED THE FOLLOWING MONTHLY OPERATING REPORT (ACCRUAL BASIS-1 THROUGH ACCRUAL BASIS-7) AND THE ACCOMPANYING ATTACHMENTS AND, TO THE BEST OF MY KNOWLEDGE, THESE DOCUMENTS ARE TRUE, CORRECT AND COMPLETE. DECLARATION OF THE PREPARER (OTHER THAN RESPONSIBLE PARTY): IS BASED ON ALL INFORMATION OF WHICH PREPARER HAS ANY KNOWLEDGE. RESPONSIBLE PARTY: /s/ DREW KEITH CHIEF FINANCIAL OFFICER - --------------------------------------- --------------------------- ORIGINAL SIGNATURE OF RESPONSIBLE PARTY TITLE DREW KEITH 10/20/00 - --------------------------------------- --------------------------- PRINTED NAME OF RESPONSIBLE PARTY DATE PREPARER: /s/ KEVIN K. CRAIG CONTROLLER, KITTY HAWK INC. - --------------------------------------- --------------------------- ORIGINAL SIGNATURE OF PREPARER TITLE KEVIN K. CRAIG 10/20/00 - --------------------------------------- --------------------------- 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 - ----------------------------------------------------------------------------------------------------------------- MONTH MONTH MONTH SCHEDULE ------------------------------------------------------- ASSETS AMOUNT JULY, 2000 AUGUST, 2000 SEPTEMBER, 2000 - ----------------------------------------------------------------------------------------------------------------- 1. UNRESTRICTED CASH $24,818 $36,240 $81,096 - ----------------------------------------------------------------------------------------------------------------- 2. RESTRICTED CASH $0 - ----------------------------------------------------------------------------------------------------------------- 3. TOTAL CASH $0 $24,818 $36,240 $81,096 - ----------------------------------------------------------------------------------------------------------------- 4. ACCOUNTS RECEIVABLE (NET) $41,314,895 $39,582,675 $43,225,245 $43,968,441 - ----------------------------------------------------------------------------------------------------------------- 5. INVENTORY $0 $0 - ----------------------------------------------------------------------------------------------------------------- 6. NOTES RECEIVABLE $0 $0 - ----------------------------------------------------------------------------------------------------------------- 7. PREPAID EXPENSES $35,445 $35,445 $35,446 $110,446 - ----------------------------------------------------------------------------------------------------------------- 8. OTHER (ATTACH LIST) $102,257,281 $34,081,081 $30,978,685 $30,412,552 - ----------------------------------------------------------------------------------------------------------------- 9. TOTAL CURRENT ASSETS $143,607,621 $73,724,019 $74,275,616 $74,572,535 - ----------------------------------------------------------------------------------------------------------------- 10. PROPERTY, PLANT & EQUIPMENT $2,455,211 $4,328,546 $4,328,546 $4,694,719 - ----------------------------------------------------------------------------------------------------------------- 11. LESS: ACCUMULATED DEPRECIATION/DEPLETION $1,991,045 $2,035,862 $2,287,775 - ----------------------------------------------------------------------------------------------------------------- 12. NET PROPERTY, PLANT & EQUIPMENT $2,455,211 $2,337,501 $2,292,684 $2,406,944 - ----------------------------------------------------------------------------------------------------------------- 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 $146,062,832 $76,061,520 $76,568,300 $76,979,479 - ----------------------------------------------------------------------------------------------------------------- POSTPETITION LIABILITIES - ----------------------------------------------------------------------------------------------------------------- 17. ACCOUNTS PAYABLE $1,168,157 $539,558 $517,813 - ----------------------------------------------------------------------------------------------------------------- 18. TAXES PAYABLE $0 $949,645 $662,951 - ----------------------------------------------------------------------------------------------------------------- 19. NOTES PAYABLE $0 $0 - ----------------------------------------------------------------------------------------------------------------- 20. PROFESSIONAL FEES $0 $0 - ----------------------------------------------------------------------------------------------------------------- 21. SECURED DEBT $0 $0 - ----------------------------------------------------------------------------------------------------------------- 22. OTHER (ATTACH LIST) $1,856,635 $1,521,667 $2,077,570 - ----------------------------------------------------------------------------------------------------------------- 23. TOTAL POSTPETITION LIABILITIES $3,024,792 $3,010,870 $3,258,334 - ----------------------------------------------------------------------------------------------------------------- PREPETITION LIABILITIES - ----------------------------------------------------------------------------------------------------------------- 24. SECURED DEBT $0 $0 - ----------------------------------------------------------------------------------------------------------------- 25. PRIORITY DEBT $496,687 $0 $0 - ----------------------------------------------------------------------------------------------------------------- 26. UNSECURED DEBT $78,864,376 $4,826,735 $5,091,940 $5,093,592 - ----------------------------------------------------------------------------------------------------------------- 27. OTHER (ATTACH LIST) $5,917,795 $5,606,365 $5,606,155 - ----------------------------------------------------------------------------------------------------------------- 28. TOTAL PREPETITION LIABILITIES $79,361,063 $10,744,530 $10,698,305 $10,699,747 - ----------------------------------------------------------------------------------------------------------------- 29. TOTAL LIABILITIES $79,361,063 $13,769,322 $13,709,175 $13,958,081 - ----------------------------------------------------------------------------------------------------------------- EQUITY - ----------------------------------------------------------------------------------------------------------------- 30. PREPETITION OWNERS' EQUITY $62,156,580 $62,156,580 $62,156,580 - ----------------------------------------------------------------------------------------------------------------- 31. POSTPETITION CUMULATIVE PROFIT OR (LOSS) $135,618 $702,545 $864,818 - ----------------------------------------------------------------------------------------------------------------- 32. DIRECT CHARGES TO EQUITY (ATTACH EXPLANATION) $0 $0 $0 - ----------------------------------------------------------------------------------------------------------------- 33. TOTAL EQUITY $0 $62,292,198 $62,859,125 $63,021,398 - ----------------------------------------------------------------------------------------------------------------- 34. TOTAL LIABILITIES & OWNERS' EQUITY $79,361,063 $76,061,520 $76,568,300 $76,979,479 - -----------------------------------------------------------------------------------------------------------------
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 AUGUST, 2000 SEPTEMBER, 2000 TOTAL - -------------------------------------------------------------------------------------------------------- 1. GROSS REVENUES $12,444,119 $16,910,056 $16,154,606 $45,508,781 - -------------------------------------------------------------------------------------------------------- 2. LESS: RETURNS & DISCOUNTS $0 $0 - -------------------------------------------------------------------------------------------------------- 3. NET REVENUE $12,444,119 $16,910,056 $16,154,606 $45,508,781 - -------------------------------------------------------------------------------------------------------- COST OF GOODS SOLD - -------------------------------------------------------------------------------------------------------- 4. MATERIAL $0 $0 $0 $0 - -------------------------------------------------------------------------------------------------------- 5. DIRECT LABOR $0 $0 $0 $0 - -------------------------------------------------------------------------------------------------------- 6. DIRECT OVERHEAD $0 $0 $0 $0 - -------------------------------------------------------------------------------------------------------- 7. TOTAL COST OF GOODS SOLD $0 $0 $0 $0 - -------------------------------------------------------------------------------------------------------- 8. GROSS PROFIT $12,444,119 $16,910,056 $16,154,606 $45,508,781 - -------------------------------------------------------------------------------------------------------- OPERATING EXPENSES - -------------------------------------------------------------------------------------------------------- 9. OFFICER/INSIDER COMPENSATION $9,615 $10,775 $10,903 $31,293 - -------------------------------------------------------------------------------------------------------- 10. SELLING & MARKETING $5,475 $0 $0 $5,475 - -------------------------------------------------------------------------------------------------------- 11. GENERAL & ADMINISTRATIVE $916,978 $1,031,195 $793,525 $2,741,698 - -------------------------------------------------------------------------------------------------------- 12. RENT & LEASE $314,899 $294,402 $299,718 $909,019 - -------------------------------------------------------------------------------------------------------- 13. OTHER (ATTACH LIST) $11,500,459 $14,420,561 $14,504,305 $40,425,325 - -------------------------------------------------------------------------------------------------------- 14. TOTAL OPERATING EXPENSES $12,747,426 $15,756,933 $15,608,451 $44,112,810 - -------------------------------------------------------------------------------------------------------- 15. INCOME BEFORE NON-OPERATING INCOME & EXPENSE ($303,307) $1,153,123 $546,155 $1,395,971 - -------------------------------------------------------------------------------------------------------- OTHER INCOME & EXPENSES - -------------------------------------------------------------------------------------------------------- 16. NON-OPERATING INCOME (ATT. LIST) $0 $0 $0 $0 - -------------------------------------------------------------------------------------------------------- 17. NON-OPERATING EXPENSE (ATT. LIST) $0 $0 $0 $0 - -------------------------------------------------------------------------------------------------------- 18. INTEREST EXPENSE $202,131 $163,430 $200,123 $565,684 - -------------------------------------------------------------------------------------------------------- 19. DEPRECIATION/DEPLETION $44,816 $44,818 $75,332 $164,966 - -------------------------------------------------------------------------------------------------------- 20. AMORTIZATION $0 $0 $0 $0 - -------------------------------------------------------------------------------------------------------- 21. OTHER (ATTACH LIST) $0 $0 $0 $0 - -------------------------------------------------------------------------------------------------------- 22. NET OTHER INCOME & EXPENSES $246,947 $208,248 $275,455 $730,650 - -------------------------------------------------------------------------------------------------------- REORGANIZATION EXPENSES - -------------------------------------------------------------------------------------------------------- 23. PROFESSIONAL FEES $0 $0 $0 $0 - -------------------------------------------------------------------------------------------------------- 24. U.S. TRUSTEE FEES $0 $0 $250 $250 - -------------------------------------------------------------------------------------------------------- 25. OTHER (ATTACH LIST) $0 $0 $0 $0 - -------------------------------------------------------------------------------------------------------- 26. TOTAL REORGANIZATION EXPENSES $0 $0 $250 $250 - -------------------------------------------------------------------------------------------------------- 27. INCOME TAX ($220,102) $377,950 $108,180 $266,028 - -------------------------------------------------------------------------------------------------------- 28. NET PROFIT (LOSS) ($330,152) $566,925 $162,270 $399,043 - --------------------------------------------------------------------------------------------------------
MONTHLY OPERATING REPORT CASE NAME: KITTY HAWK CARGO, INC ACCRUAL BASIS-3 CASE NUMBER: 400-42145-BJH-11 02/13/95, RWD, 2/96
- --------------------------------------------------------------------------------------------------------- MONTH MONTH MONTH CASH RECEIPTS AND --------------------------------------------------- QUARTER DISBURSEMENTS JULY, 2000 AUGUST, 2000 SEPTEMBER, 2000 TOTAL - --------------------------------------------------------------------------------------------------------- 1. CASH - BEGINNING OF MONTH $25,340 $24,819 $36,242 $25,340 - --------------------------------------------------------------------------------------------------------- RECEIPTS FROM OPERATIONS - --------------------------------------------------------------------------------------------------------- 2. CASH SALES $0 $0 $0 $0 - --------------------------------------------------------------------------------------------------------- COLLECTION OF ACCOUNTS RECEIVABLE - --------------------------------------------------------------------------------------------------------- 3. PREPETITION $0 $0 $0 $0 - --------------------------------------------------------------------------------------------------------- 4. POSTPETITION $10,340,192 $10,194,561 $11,134,549 $31,669,304 - --------------------------------------------------------------------------------------------------------- 5. TOTAL OPERATING RECEIPTS $10,340,192 $10,194,561 $11,134,549 $31,669,304 - --------------------------------------------------------------------------------------------------------- NON - OPERATING RECEIPTS - --------------------------------------------------------------------------------------------------------- 6. LOANS & ADVANCES (ATTACH LIST) $0 $0 $0 $0 - --------------------------------------------------------------------------------------------------------- 7. SALE OF ASSETS $0 $0 $0 $0 - --------------------------------------------------------------------------------------------------------- 8. OTHER (ATTACH LIST) ($10,340,713) ($10,183,140) ($11,089,695) ($31,613,548) - --------------------------------------------------------------------------------------------------------- 9. TOTAL NON-OPERATING RECEIPTS ($10,340,713) ($10,183,140) ($11,089,695) ($31,613,548) - --------------------------------------------------------------------------------------------------------- 10. TOTAL RECEIPTS ($521) $11,421 $44,854 $55,756 - --------------------------------------------------------------------------------------------------------- 11. TOTAL CASH AVAILABLE $24,819 $36,240 $81,096 $81,096 - --------------------------------------------------------------------------------------------------------- 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) $11,421 $44,854 $55,756 - --------------------------------------------------------------------------------------------------------- 33. CASH - END OF MONTH $24,819 $36,240 $81,096 $81,096 - ---------------------------------------------------------------------------------------------------------
MONTHLY OPERATING REPORT CASE NAME: KITTY HAWK CARGO, INC ACCRUAL BASIS-4 CASE NUMBER: 400-42145-BJH-11 02/13/95, RWD, 2/96
MONTH MONTH MONTH SCHEDULE ------------------------------------------------ ACCOUNTS RECEIVABLE AGING AMOUNT JULY, 2000 AUGUST, 2000 SEPTEMBER, 2000 - --------------------------------------------------------------------------------------------------------------- 1. 0-30 $21,518,319 $19,803,585 $25,436,925 $18,255,021 - --------------------------------------------------------------------------------------------------------------- 2. 31-60 $14,127,296 $1,125,716 $1,877,194 $7,658,872 - --------------------------------------------------------------------------------------------------------------- 3. 61-90 $2,070,404 $5,829,037 $558,006 $1,000,816 - --------------------------------------------------------------------------------------------------------------- 4. 91+ $3,598,876 $5,403,529 $9,701,320 $11,046,921 - --------------------------------------------------------------------------------------------------------------- 5. TOTAL ACCOUNTS RECEIVABLE $41,314,895 $32,161,867 $37,573,445 $37,961,630 - --------------------------------------------------------------------------------------------------------------- 6. AMOUNT CONSIDERED UNCOLLECTIBLE $0 - --------------------------------------------------------------------------------------------------------------- 7. ACCOUNTS RECEIVABLE (NET) $41,314,895 $32,161,867 $37,573,445 $37,961,630 - --------------------------------------------------------------------------------------------------------------- AGING OF POSTPETITION TAXES AND PAYABLES MONTH: SEPTEMBER, 2000 0-30 31-60 61-90 91+ TAXES PAYABLE DAYS DAYS DAYS DAYS TOTAL - --------------------------------------------------------------------------------------------------------------- 1. FEDERAL $662,951 $662,951 - --------------------------------------------------------------------------------------------------------------- 2. STATE $0 - --------------------------------------------------------------------------------------------------------------- 3. LOCAL $0 - --------------------------------------------------------------------------------------------------------------- 4. OTHER (ATTACH LIST) $0 - --------------------------------------------------------------------------------------------------------------- 5. TOTAL TAXES PAYABLE $662,951 $0 $0 $0 $662,951 - --------------------------------------------------------------------------------------------------------------- - --------------------------------------------------------------------------------------------------------------- 6. ACCOUNTS PAYABLE $0 - --------------------------------------------------------------------------------------------------------------- STATUS OF POSTPETITION TAXES MONTH: SEPTEMBER, 2000 BEGINNING AMOUNT ENDING TAX WITHHELD AND/ AMOUNT TAX FEDERAL LIABILITY* OR ACCRUED PAID LIABILITY - --------------------------------------------------------------------------------------------------------------- 1. WITHHOLDING** $0 $212,517 $212,517 $0 - --------------------------------------------------------------------------------------------------------------- 2. FICA-EMPLOYEE** $0 $0 - --------------------------------------------------------------------------------------------------------------- 3. FICA-EMPLOYER** $0 $0 - --------------------------------------------------------------------------------------------------------------- 4. UNEMPLOYMENT $0 $0 - --------------------------------------------------------------------------------------------------------------- 5. INCOME $0 $0 - --------------------------------------------------------------------------------------------------------------- 6. OTHER (ATTACH LIST) $949,645 $926,072 $1,212,766 $662,951 - --------------------------------------------------------------------------------------------------------------- 7. TOTAL FEDERAL TAXES $949,645 $1,138,589 $1,425,283 $662,951 - --------------------------------------------------------------------------------------------------------------- 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 $949,645 $1,138,589 $1,425,283 $662,951 - ---------------------------------------------------------------------------------------------------------------
* 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.
MONTH: SEPTEMBER, 2000 BANK RECONCILIATIONS Account #1 Account #2 Account #3 - -------------------------------------------------------------------------------------------------------------- A. BANK: Bank One - --------------------------------------------------------------------------------------------------- B. ACCOUNT NUMBER: 1559691298 TOTAL - --------------------------------------------------------------------------------------------------- C. PURPOSE (TYPE): Operations Account - -------------------------------------------------------------------------------------------------------------- 1. BALANCE PER BANK STATEMENT $0 $0 - -------------------------------------------------------------------------------------------------------------- 2. ADD: TOTAL DEPOSITS NOT CREDITED $0 $0 - -------------------------------------------------------------------------------------------------------------- 3. SUBTRACT: OUTSTANDING CHECKS $0 $0 - -------------------------------------------------------------------------------------------------------------- 4. OTHER RECONCILING ITEMS $53,757 $53,757 - -------------------------------------------------------------------------------------------------------------- 5. MONTH END BALANCE PER BOOKS $53,757 $0 $0 $53,757 - -------------------------------------------------------------------------------------------------------------- 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 $27,339 - -------------------------------------------------------------------------------------------------------------- - -------------------------------------------------------------------------------------------------------------- 13. TOTAL CASH - END OF MONTH $81,096 - --------------------------------------------------------------------------------------------------------------
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: SEPTEMBER, 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 $10,909 $50,531 - --------------------------------------------------------------- 2. - --------------------------------------------------------------- 3. - -------------------------------------------------------------------- 4. - -------------------------------------------------------------------- 5. - -------------------------------------------------------------------- 6. TOTAL PAYMENTS TO INSIDERS $10,909 $50,531 - -------------------------------------------------------------------- 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 $183,868 $0 - ------------------------------------------------------------------------------------- 2. Ridgely - City of Philadelphia - PHL $25,508 $28,323 $0 - ------------------------------------------------------------------------------------- 3. NY/NJ Airport Authority - EWR $27,792 $30,374 $0 - ------------------------------------------------------------------------------------- 4. City of Los Angeles - LAX $39,562 $34,022 $0 - ------------------------------------------------------------------------------------- 5. Airport Group Int'l - ATL $11,550 $22,399 $0 - ------------------------------------------------------------------------------------- 6. TOTAL $287,889 $298,986 $0 - -------------------------------------------------------------------------------------
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: SEPTEMBER, 2000 QUESTIONNAIRE - -------------------------------------------------------------------------------- YES NO - -------------------------------------------------------------------------------- 1. HAVE ANY ASSETS BEEN SOLD OR TRANSFERRED OUTSIDE X THE NORMAL COURSE OF BUSINESS THIS REPORTING PERIOD? - -------------------------------------------------------------------------------- 2. HAVE ANY FUNDS BEEN DISBURSED FROM ANY ACCOUNT X OTHER THAN A DEBTOR IN POSSESSION ACCOUNT? - -------------------------------------------------------------------------------- 3. ARE ANY POSTPETITION RECEIVABLES (ACCOUNTS, NOTES, OR X LOANS) DUE FROM RELATED PARTIES? - -------------------------------------------------------------------------------- 4. HAVE ANY PAYMENTS BEEN MADE ON PREPETITION LIABILITIES X THIS REPORTING PERIOD? - -------------------------------------------------------------------------------- 5. HAVE ANY POSTPETITION LOANS BEEN RECEIVED BY THE X DEBTOR FROM ANY PARTY? - -------------------------------------------------------------------------------- 6. ARE ANY POSTPETITION PAYROLL TAXES PAST DUE? X - -------------------------------------------------------------------------------- 7. ARE ANY POSTPETITION STATE OR FEDERAL INCOME TAXES X PAST DUE? - -------------------------------------------------------------------------------- 8. ARE ANY POSTPETITION REAL ESTATE TAXES PAST DUE? X - -------------------------------------------------------------------------------- 9. ARE ANY OTHER POSTPETITION TAXES PAST DUE? X - -------------------------------------------------------------------------------- 10. ARE ANY AMOUNTS OWED TO POSTPETITION CREDITORS X DELINQUENT? - -------------------------------------------------------------------------------- 11. HAVE ANY PREPETITION TAXES BEEN PAID DURING THE X REPORTING PERIOD? - -------------------------------------------------------------------------------- 12. ARE ANY WAGE PAYMENTS PAST DUE? X - -------------------------------------------------------------------------------- IF THE ANSWER TO ANY OF THE ABOVE QUESTIONS IS "YES," PROVIDE A DETAILED EXPLANATION OF EACH ITEM. ATTACH ADDITIONAL SHEETS IF NECESSARY. - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- INSURANCE - -------------------------------------------------------------------------------- YES NO - -------------------------------------------------------------------------------- 1. ARE WORKER'S COMPENSATION, GENERAL LIABILITY AND OTHER X NECESSARY INSURANCE COVERAGES IN EFFECT? - -------------------------------------------------------------------------------- 2. ARE ALL PREMIUM PAYMENTS PAID CURRENT? X - -------------------------------------------------------------------------------- 3. PLEASE ITEMIZE POLICIES BELOW. - -------------------------------------------------------------------------------- IF THE ANSWER TO ANY OF THE ABOVE QUESTIONS IS "NO," OR IF ANY POLICIES HAVE BEEN CANCELLED OR NOT RENEWED DURING THIS REPORTING PERIOD, PROVIDE AN EXPLANATION BELOW. ATTACH ADDITIONAL SHEETS IF NECESSARY. - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- INSTALLMENT PAYMENTS - -------------------------------------------------------------------------------- TYPE OF PAYMENT AMOUNT POLICY CARRIER PERIOD COVERED & FREQUENCY - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- SEE KITTY HAWK, INC. MOR - CASE # 00-42141-BJH-11 - -------------------------------------------------------------------------------- CASE NAME: KITTY HAWK CARGO, INC CASE NUMBER: 400-42145-BJH-11 DETAILS OF OTHER ITEMS SEPTEMBER, 2000 ACCRUAL BASIS-1 8. OTHER (ATTACH LIST) $ 30,412,552 Reported ---------------- Net of all I/C Accts Receivable/Payable 30,206,538 Intangibles - Other 154,458 Deposits 51,556 ---------------- 30,412,552 Detail ---------------- - Difference ---------------- 22. OTHER (ATTACH LIST) $ 2,077,570 Reported ---------------- Accrued Liabilities 1,052,610 Accrued Salaries & PR Taxes 435,406 Post-petition Fed Inc Tax 589,554 ---------------- *** FET recorded in Taxes Payable - 9/00 2,077,570 Detail ---------------- - Difference ---------------- 27. OTHER (ATTACH LIST) $ 5,606,155 Reported ---------------- Pre-petition Fed Inc Tax 4,022,982 Pre-petition Deposits 479,840 Pre-petition Taxes Other - Pre-petition Accrued Liabilities 1,103,333 ---------------- 5,606,155 Detail ---------------- - Difference ---------------- ACCRUAL BASIS-2 13. OTHER (ATTACH LIST) $14,504,305 Reported ---------------- Aircraft Costs 2,888,390 I/C Aircraft Costs (KHA) 4,971,427 KHC Ground Handling (Operations Payroll) 748,934 Outstation Ground Handling 1,216,530 Trucking Costs 379,844 Fuel 3,724,466 Contract Labor 404,720 Other 169,994 ---------------- 14,504,305 Detail ---------------- - Difference ACCRUAL BASIS-3 8. OTHER (ATTACH LIST) (11,089,695)Reported ---------------- Transfer to Inc - all money sweeps (11,089,695)Detail ---------------- to KH Inc. Case #400-42141 - Difference ---------------- ACCRUAL BASIS-4 6. OTHER (ATTACH LIST) 1,875,717 Reported ---------------- FET (720) 08/01-31/00 Pd 09/05 949,645 FET (720) 09/01-11/00 Pd 09/28 263,121 FET (720) 09/12-30/00 Pd 10/11 662,951 ---------------- 1,875,717 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: SEPTEMBER 30, 2000 IN ACCORDANCE WITH TITLE 28, SECTION 1746, OF THE UNITED STATES CODE, I DECLARE UNDER PENALTY OF PERJURY THAT I HAVE EXAMINED THE FOLLOWING MONTHLY OPERATING REPORT (ACCRUAL BASIS-1 THROUGH ACCRUAL BASIS-7) AND THE ACCOMPANYING ATTACHMENTS AND, TO THE BEST OF MY KNOWLEDGE, THESE DOCUMENTS ARE TRUE, CORRECT AND COMPLETE. DECLARATION OF THE PREPARER (OTHER THAN RESPONSIBLE PARTY): IS BASED ON ALL INFORMATION OF WHICH PREPARER HAS ANY KNOWLEDGE. RESPONSIBLE PARTY: /s/ DREW KEITH CFO - --------------------------------------- ------------------------------------- ORIGINAL SIGNATURE OF RESPONSIBLE PARTY TITLE Drew Keith 10/20/00 - --------------------------------------- ------------------------------------- PRINTED NAME OF RESPONSIBLE PARTY DATE PREPARER: /s/ JESSICA L. WILSON Chief Accounting Officer - --------------------------------------- ------------------------------------- ORIGINAL SIGNATURE OF PREPARER TITLE Jessica L. Wilson 10/20/00 - --------------------------------------- ------------------------------------- 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 August 2000 September 2000 - ------------------------------------------------------------------------------------------------------------------ 1. UNRESTRICTED CASH $299,835 $185,603 $257,073 $292,736 - ------------------------------------------------------------------------------------------------------------------ 2. RESTRICTED CASH $0 $0 $0 - ------------------------------------------------------------------------------------------------------------------ 3. TOTAL CASH $299,835 $185,603 $257,073 $292,736 - ------------------------------------------------------------------------------------------------------------------ 4. ACCOUNTS RECEIVABLE (NET) $569,077 $685,482 $690,746 $503,061 - ------------------------------------------------------------------------------------------------------------------ 5. INVENTORY $4,135,448 $4,054,421 $4,064,919 $4,142,102 - ------------------------------------------------------------------------------------------------------------------ 6. NOTES RECEIVABLE $0 $0 $0 $0 - ------------------------------------------------------------------------------------------------------------------ 7. PREPAID EXPENSES $0 $0 $0 $0 - ------------------------------------------------------------------------------------------------------------------ 8. OTHER (ATTACH LIST) $30,000 ($1,074,355) ($987,399) ($981,712) - ------------------------------------------------------------------------------------------------------------------ 9. TOTAL CURRENT ASSETS $5,034,360 $3,851,151 $4,025,339 $3,956,187 - ------------------------------------------------------------------------------------------------------------------ 10. PROPERTY, PLANT & EQUIPMENT $474,012 $568,177 $568,177 $568,177 - ------------------------------------------------------------------------------------------------------------------ 11. LESS: ACCUMULATED DEPRECIATION/DEPLETION $0 $105,567 $109,368 $113,169 - ------------------------------------------------------------------------------------------------------------------ 12. NET PROPERTY, PLANT & EQUIPMENT $474,012 $462,610 $458,809 $455,008 - ------------------------------------------------------------------------------------------------------------------ 13. DUE FROM INSIDERS $0 $0 $0 $0 - ------------------------------------------------------------------------------------------------------------------ 14. OTHER ASSETS - NET OF AMORTIZATION (ATTACH LIST) $0 $0 $0 $0 - ------------------------------------------------------------------------------------------------------------------ 15. OTHER (ATTACH LIST) $0 $0 $0 $0 - ------------------------------------------------------------------------------------------------------------------ 16. TOTAL ASSETS $5,508,372 $4,313,761 $4,484,148 $4,411,195 - ------------------------------------------------------------------------------------------------------------------ POSTPETITION LIABILITIES - ------------------------------------------------------------------------------------------------------------------ 17. ACCOUNTS PAYABLE $22,527 $24,621 $38,118 - ------------------------------------------------------------------------------------------------------------------ 18. TAXES PAYABLE $0 $0 $0 - ------------------------------------------------------------------------------------------------------------------ 19. NOTES PAYABLE $0 $0 $0 - ------------------------------------------------------------------------------------------------------------------ 20. PROFESSIONAL FEES $0 $0 $0 - ------------------------------------------------------------------------------------------------------------------ 21. SECURED DEBT $0 $0 $0 - ------------------------------------------------------------------------------------------------------------------ 22. OTHER (ATTACH LIST) $0 $0 $0 - ------------------------------------------------------------------------------------------------------------------ 23. TOTAL POSTPETITION LIABILITIES $22,527 $24,621 $38,118 - ------------------------------------------------------------------------------------------------------------------ PREPETITION LIABILITIES - ------------------------------------------------------------------------------------------------------------------ 24. SECURED DEBT $0 $0 $0 $0 - ------------------------------------------------------------------------------------------------------------------ 25. PRIORITY DEBT $28,268 $0 $0 $0 - ------------------------------------------------------------------------------------------------------------------ 26. UNSECURED DEBT $493,554 $522,843 $522,843 $522,843 - ------------------------------------------------------------------------------------------------------------------ 27. OTHER (ATTACH LIST) $0 $0 $0 $0 - ------------------------------------------------------------------------------------------------------------------ 28. TOTAL PREPETITION LIABILITIES $521,822 $522,843 $522,843 $522,843 - ------------------------------------------------------------------------------------------------------------------ 29. TOTAL LIABILITIES $521,822 $545,370 $547,464 $560,961 - ------------------------------------------------------------------------------------------------------------------ EQUITY - ------------------------------------------------------------------------------------------------------------------ 30. PREPETITION OWNERS' EQUITY $3,790,619 $3,790,619 $3,790,619 - ------------------------------------------------------------------------------------------------------------------ 31. POSTPETITION CUMULATIVE PROFIT OR (LOSS) ($22,228) $146,065 $59,615 - ------------------------------------------------------------------------------------------------------------------ 32. DIRECT CHARGES TO EQUITY (ATTACH EXPLANATION) - ------------------------------------------------------------------------------------------------------------------ 33. TOTAL EQUITY $0 $3,768,391 $3,936,684 $3,850,234 - ------------------------------------------------------------------------------------------------------------------ 34. TOTAL LIABILITIES & OWNERS' EQUITY $521,822 $4,313,761 $4,484,148 $4,411,195 - ------------------------------------------------------------------------------------------------------------------
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 August 2000 September 2000 TOTAL - ------------------------------------------------------------------------------------------------------ 1. GROSS REVENUES $432,830 $568,331 $284,069 $1,285,230 - ------------------------------------------------------------------------------------------------------ 2. LESS: RETURNS & DISCOUNTS $0 $26,939 $0 $26,939 - ------------------------------------------------------------------------------------------------------ 3. NET REVENUE $432,830 $541,392 $284,069 $1,258,291 - ------------------------------------------------------------------------------------------------------ COST OF GOODS SOLD - ------------------------------------------------------------------------------------------------------ 4. MATERIAL $318,325 $237,129 $230,413 $785,867 - ------------------------------------------------------------------------------------------------------ 5. DIRECT LABOR $36,811 $48,890 $53,327 $139,028 - ------------------------------------------------------------------------------------------------------ 6. DIRECT OVERHEAD $190 $3,441 $2,120 $5,751 - ------------------------------------------------------------------------------------------------------ 7. TOTAL COST OF GOODS SOLD $355,326 $289,460 $285,860 $930,646 - ------------------------------------------------------------------------------------------------------ 8. GROSS PROFIT $77,504 $251,932 ($1,791) $327,645 - ------------------------------------------------------------------------------------------------------ OPERATING EXPENSES - ------------------------------------------------------------------------------------------------------ 9. OFFICER/INSIDER COMPENSATION $7,933 $7,933 $7,933 $23,799 - ------------------------------------------------------------------------------------------------------ 10. SELLING & MARKETING $594 $293 $747 $1,634 - ------------------------------------------------------------------------------------------------------ 11. GENERAL & ADMINISTRATIVE $26,855 $31,212 $34,637 $92,704 - ------------------------------------------------------------------------------------------------------ 12. RENT & LEASE $2,804 $3,761 $2,784 $9,349 - ------------------------------------------------------------------------------------------------------ 13. OTHER (ATTACH LIST) $36,639 $36,639 $29,757 $103,035 - ------------------------------------------------------------------------------------------------------ 14. TOTAL OPERATING EXPENSES $74,825 $79,838 $75,858 $230,521 - ------------------------------------------------------------------------------------------------------ 15. INCOME BEFORE NON-OPERATING INCOME & EXPENSE $2,679 $172,094 ($77,649) $97,124 - ------------------------------------------------------------------------------------------------------ OTHER INCOME & EXPENSES - ------------------------------------------------------------------------------------------------------ 16. NON-OPERATING INCOME (ATT. LIST) $0 $0 $0 $0 - ------------------------------------------------------------------------------------------------------ 17. NON-OPERATING EXPENSE (ATT. LIST) $0 $0 $0 $0 - ------------------------------------------------------------------------------------------------------ 18. INTEREST EXPENSE $0 $0 $0 $0 - ------------------------------------------------------------------------------------------------------ 19. DEPRECIATION/DEPLETION $3,801 $3,801 $3,801 $11,403 - ------------------------------------------------------------------------------------------------------ 20. AMORTIZATION $0 $0 $0 $0 - ------------------------------------------------------------------------------------------------------ 21. OTHER (ATTACH LIST) $0 $0 $0 $0 - ------------------------------------------------------------------------------------------------------ 22. NET OTHER INCOME & EXPENSES $3,801 $3,801 $3,801 $11,403 - ------------------------------------------------------------------------------------------------------ REORGANIZATION EXPENSES - ------------------------------------------------------------------------------------------------------ 23. PROFESSIONAL FEES $0 $0 $0 $0 - ------------------------------------------------------------------------------------------------------ 24. U.S. TRUSTEE FEES $0 $0 $5,000 $5,000 - ------------------------------------------------------------------------------------------------------ 25. OTHER (ATTACH LIST) $0 $0 $0 $0 - ------------------------------------------------------------------------------------------------------ 26. TOTAL REORGANIZATION EXPENSES $0 $0 $5,000 $5,000 - ------------------------------------------------------------------------------------------------------ 27. INCOME TAX $0 $0 $0 $0 - ------------------------------------------------------------------------------------------------------ 28. NET PROFIT (LOSS) ($1,122) $168,293 ($86,450) $80,721 - ------------------------------------------------------------------------------------------------------
MONTHLY OPERATING REPORT CASE NAME: OK TURBINES, INC. ACCRUAL BASIS-3 CASE NUMBER: 400-42146-BJH-11 02/13/95, RWD, 2/96
- ---------------------------------------------------------------------------------------------------------- MONTH MONTH MONTH CASH RECEIPTS AND -------------------------------------------------- QUARTER DISBURSEMENTS July 2000 August 2000 September 2000 TOTAL - ---------------------------------------------------------------------------------------------------------- 1. CASH - BEGINNING OF MONTH $369,827 $185,603 $257,073 $369,827 - ---------------------------------------------------------------------------------------------------------- RECEIPTS FROM OPERATIONS - ---------------------------------------------------------------------------------------------------------- 2. CASH SALES $0 $0 $0 $0 - ---------------------------------------------------------------------------------------------------------- COLLECTION OF ACCOUNTS RECEIVABLE - ---------------------------------------------------------------------------------------------------------- 3. PREPETITION $28,639 $2,500 $3,015 $34,154 - ---------------------------------------------------------------------------------------------------------- 4. POSTPETITION $259,272 $564,266 $471,537 $1,295,075 - ---------------------------------------------------------------------------------------------------------- 5. TOTAL OPERATING RECEIPTS $287,911 $566,766 $474,552 $1,329,229 - ---------------------------------------------------------------------------------------------------------- NON - OPERATING RECEIPTS - ---------------------------------------------------------------------------------------------------------- 6. LOANS & ADVANCES (ATTACH LIST) $0 $0 $0 $0 - ---------------------------------------------------------------------------------------------------------- 7. SALE OF ASSETS $0 $0 $0 $0 - ---------------------------------------------------------------------------------------------------------- 8. OTHER (ATTACH LIST) $1,615 $19,446 $19,224 $40,285 - ---------------------------------------------------------------------------------------------------------- 9. TOTAL NON-OPERATING RECEIPTS $1,615 $19,446 $19,224 $40,285 - ---------------------------------------------------------------------------------------------------------- 10. TOTAL RECEIPTS $289,526 $586,212 $493,776 $1,369,514 - ---------------------------------------------------------------------------------------------------------- 11. TOTAL CASH AVAILABLE $659,353 $771,815 $750,849 $1,739,341 - ---------------------------------------------------------------------------------------------------------- OPERATING DISBURSEMENTS - ---------------------------------------------------------------------------------------------------------- 12. NET PAYROLL $82,417 $51,841 $51,578 $185,836 - ---------------------------------------------------------------------------------------------------------- 13. PAYROLL TAXES PAID $6,225 $3,915 $3,895 $14,035 - ---------------------------------------------------------------------------------------------------------- 14. SALES, USE & OTHER TAXES PAID $0 $1,313 $7,693 $9,006 - ---------------------------------------------------------------------------------------------------------- 15. SECURED/RENTAL/LEASES $3,222 $2,982 $2,792 $8,996 - ---------------------------------------------------------------------------------------------------------- 16. UTILITIES $2,422 $4,930 $1,621 $8,973 - ---------------------------------------------------------------------------------------------------------- 17. INSURANCE $0 $0 $0 $0 - ---------------------------------------------------------------------------------------------------------- 18. INVENTORY PURCHASES $289,871 $260,255 $158,418 $708,544 - ---------------------------------------------------------------------------------------------------------- 19. VEHICLE EXPENSES $6 $0 $0 $6 - ---------------------------------------------------------------------------------------------------------- 20. TRAVEL $0 $10 $50 $60 - ---------------------------------------------------------------------------------------------------------- 21. ENTERTAINMENT $140 $498 $255 $893 - ---------------------------------------------------------------------------------------------------------- 22. REPAIRS & MAINTENANCE $38,262 $90,103 $45,121 $173,486 - ---------------------------------------------------------------------------------------------------------- 23. SUPPLIES $29,339 $4,845 $17,380 $51,564 - ---------------------------------------------------------------------------------------------------------- 24. ADVERTISING $231 $1,715 $2,155 $4,101 - ---------------------------------------------------------------------------------------------------------- 25. OTHER (ATTACH LIST) $17,865 $92,335 $167,155 $277,355 - ---------------------------------------------------------------------------------------------------------- 26. TOTAL OPERATING DISBURSEMENTS $470,000 $514,742 $458,113 $1,442,855 - ---------------------------------------------------------------------------------------------------------- REORGANIZATION EXPENSES - ---------------------------------------------------------------------------------------------------------- 27. PROFESSIONAL FEES $0 $0 $0 $0 - ---------------------------------------------------------------------------------------------------------- 28. U.S. TRUSTEE FEES $3,750 $0 $0 $3,750 - ---------------------------------------------------------------------------------------------------------- 29. OTHER (ATTACH LIST) $0 $0 $0 $0 - ---------------------------------------------------------------------------------------------------------- 30. TOTAL REORGANIZATION EXPENSES $3,750 $0 $0 $3,750 - ---------------------------------------------------------------------------------------------------------- 31. TOTAL DISBURSEMENTS $473,750 $514,742 $458,113 $1,446,605 - ---------------------------------------------------------------------------------------------------------- 32. NET CASH FLOW ($184,224) $71,470 $35,663 ($77,091) - ---------------------------------------------------------------------------------------------------------- 33. CASH - END OF MONTH $185,603 $257,073 $292,736 $292,736 - ----------------------------------------------------------------------------------------------------------
MONTHLY OPERATING REPORT CASE NAME: OK TURBINES, INC. ACCRUAL BASIS-4 CASE NUMBER: 400-42146-BJH-11 02/13/95, RWD, 2/96
- ------------------------------------------------------------------------------------------------------------------ MONTH MONTH MONTH SCHEDULE ------------------------------------------------- ACCOUNTS RECEIVABLE AGING AMOUNT July 2000 August 2000 September 2000 - ------------------------------------------------------------------------------------------------------------------ 1. 0-30 $278,617 $300,647 $236,369 - ------------------------------------------------------------------------------------------------------------------ 2. 31-60 $173,078 $165,415 $53,028 - ------------------------------------------------------------------------------------------------------------------ 3. 61-90 $8,730 $77,205 $18,088 - ------------------------------------------------------------------------------------------------------------------ 4. 91+ $237,901 $161,498 $209,539 - ------------------------------------------------------------------------------------------------------------------ 5. TOTAL ACCOUNTS RECEIVABLE $0 $698,326 $704,765 $517,024 - ------------------------------------------------------------------------------------------------------------------ 6. AMOUNT CONSIDERED UNCOLLECTIBLE $12,844 $14,019 $13,963 - ------------------------------------------------------------------------------------------------------------------ 7. ACCOUNTS RECEIVABLE (NET) $0 $685,482 $690,746 $503,061 - ------------------------------------------------------------------------------------------------------------------ - ----------------------------------------------------------------- AGING OF POSTPETITION TAXES AND PAYABLES MONTH: September 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 $39,303 ($1,102) $0 ($83) $38,118 - ------------------------------------------------------------------------------------------------------------------ - ------------------------------------------------ STATUS OF POSTPETITION TAXES MONTH: September 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 $7,693 $7,693 $0 - ------------------------------------------------------------------------------------------------------------------ 14. OTHER (ATTACH LIST) $0 $0 $0 $0 - ------------------------------------------------------------------------------------------------------------------ 15. TOTAL STATE & LOCAL $0 $7,693 $7,693 $0 - ------------------------------------------------------------------------------------------------------------------ 16. TOTAL TAXES $0 $7,693 $7,693 $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: September 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 $320,221 $0 $0 $320,221 - ------------------------------------------------------------------------------------------------------------ 2. ADD: TOTAL DEPOSITS NOT CREDITED $0 $0 $0 $0 - ------------------------------------------------------------------------------------------------------------ 3. SUBTRACT: OUTSTANDING CHECKS $27,948 $0 $0 $27,948 - ------------------------------------------------------------------------------------------------------------ 4. OTHER RECONCILING ITEMS $0 $0 $0 $0 - ------------------------------------------------------------------------------------------------------------ 5. MONTH END BALANCE PER BOOKS $292,273 $0 $0 $292,273 - ------------------------------------------------------------------------------------------------------------ 6. NUMBER OF LAST CHECK WRITTEN 5495 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 $463 - ------------------------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------------------------ 13. TOTAL CASH - END OF MONTH $292,736 - ------------------------------------------------------------------------------------------------------------
MONTHLY OPERATING REPORT CASE NAME: OK TURBINES, INC. ACCRUAL BASIS-6 CASE NUMBER: 400-42146-BJH-11 02/13/95, RWD, 2/96 MONTH: September 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 $882 $9,412 - -------------------------------------------------------------------- 2. GREGG NIMMO Salary $7,933 $43,632 - -------------------------------------------------------------------- 3. - -------------------------------------------------------------------- 4. - -------------------------------------------------------------------- 5. - -------------------------------------------------------------------- 6. TOTAL PAYMENTS TO INSIDERS $8,815 $53,044 - -------------------------------------------------------------------- - ------------------------------------------------------------------------------------------------ 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 $2,395 $2,395 $0 - ---------------------------------------------------------------------------------- 2. Other various $397 $0 - ---------------------------------------------------------------------------------- 3. N/A - ---------------------------------------------------------------------------------- 4. N/A - ---------------------------------------------------------------------------------- 5. N/A - ---------------------------------------------------------------------------------- 6. TOTAL $2,395 $2,792 $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: September 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: September 2000 -------------------------
- ---------------------------------------------------------------------------------------------------------- ACCRUAL BASIS LINE FORM NUMBER NUMBER FOOTNOTE / EXPLANATION - ---------------------------------------------------------------------------------------------------------- 3 12 All payroll is paid out of Kitty Hawk Charters, Inc. (Case #400- 13 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 September 2000 8. OTHER (ATTACH LIST) $ (981,712)Reported ----------------------- Intercompany Receivables (1,109,144) Uncollectible A/R 13,963 Security Deposit 113,469 ----------------------- (981,712)Detail ----------------------- - Difference ACCRUAL BASIS-2 13. OTHER (ATTACH LIST) $ 29,757 Reported ----------------------- Bad Debt (10,334) UPS Deposit 1,500 Inventory Reserve Allocation 38,591 Detail ----------------------- 29,757 ----------------------- - Difference ACCRUAL BASIS-3 8. OTHER (ATTACH LIST) $ 19,224 Reported ----------------------- Voided checks 3,621 NSF Checks 15,050 Inventory refunds 553 ----------------------- 19,224 Detail ----------------------- - Difference 25. OTHER (ATTACH LIST) 167,155 Reported ----------------------- Transfer to KH Charters 150,000 Freight 4,966 Outside service 466 Fuel 1,144 Stop Pay 547 Bank Fee 1,492 Refunds 202 UPS Deposit 1,500 NSF Checks 4,698 Subscription 2,140 ----------------------- 167,155 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: SEPTEMBER 30, 2000 IN ACCORDANCE WITH TITLE 28, SECTION 1746, OF THE UNITED STATES CODE, I DECLARE UNDER PENALTY OF PERJURY THAT I HAVE EXAMINED THE FOLLOWING MONTHLY OPERATING REPORT (ACCRUAL BASIS-1 THROUGH ACCRUAL BASIS-7) AND THE ACCOMPANYING ATTACHMENTS AND, TO THE BEST OF MY KNOWLEDGE, THESE DOCUMENTS ARE TRUE, CORRECT AND COMPLETE. DECLARATION OF THE PREPARER (OTHER THAN RESPONSIBLE PARTY): IS BASED ON ALL INFORMATION OF WHICH PREPARER HAS ANY KNOWLEDGE. RESPONSIBLE PARTY: /s/ DREW KEITH CFO - --------------------------------------- ------------------------------------- ORIGINAL SIGNATURE OF RESPONSIBLE PARTY TITLE Drew Keith 10/20/00 - --------------------------------------- ------------------------------------- PRINTED NAME OF RESPONSIBLE PARTY DATE PREPARER: /s/ JESSICA L. WILSON Chief Accounting Officer - --------------------------------------- ------------------------------------- ORIGINAL SIGNATURE OF PREPARER TITLE Jessica L. Wilson 10/20/00 - --------------------------------------- ------------------------------------- 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 August 2000 September 2000 - ------------------------------------------------------------------------------------------------------------------ 1. UNRESTRICTED CASH $3,646 $6,863 $835 $1,270 - ------------------------------------------------------------------------------------------------------------------ 2. RESTRICTED CASH $0 $0 $0 - ------------------------------------------------------------------------------------------------------------------ 3. TOTAL CASH $3,646 $6,863 $835 $1,270 - ------------------------------------------------------------------------------------------------------------------ 4. ACCOUNTS RECEIVABLE (NET) $76,002 $17,842 $12,267 $9,223 - ------------------------------------------------------------------------------------------------------------------ 5. INVENTORY $0 $0 $0 - ------------------------------------------------------------------------------------------------------------------ 6. NOTES RECEIVABLE $0 $0 $0 - ------------------------------------------------------------------------------------------------------------------ 7. PREPAID EXPENSES $0 $0 $0 - ------------------------------------------------------------------------------------------------------------------ 8. OTHER (ATTACH LIST) $375,137 $549,783 $593,871 $626,907 - ------------------------------------------------------------------------------------------------------------------ 9. TOTAL CURRENT ASSETS $454,785 $574,488 $606,973 $637,400 - ------------------------------------------------------------------------------------------------------------------ 10. PROPERTY, PLANT & EQUIPMENT $120,412 $162,895 $162,895 $162,895 - ------------------------------------------------------------------------------------------------------------------ 11. LESS: ACCUMULATED DEPRECIATION/DEPLETION $54,342 $58,086 $61,829 - ------------------------------------------------------------------------------------------------------------------ 12. NET PROPERTY, PLANT & EQUIPMENT $120,412 $108,553 $104,809 $101,066 - ------------------------------------------------------------------------------------------------------------------ 13. DUE FROM INSIDERS $0 $0 $0 - ------------------------------------------------------------------------------------------------------------------ 14. OTHER ASSETS - NET OF AMORTIZATION (ATTACH LIST) $2,892,844 $2,807,971 $2,779,680 $2,751,389 - ------------------------------------------------------------------------------------------------------------------ 15. OTHER (ATTACH LIST) $0 $0 - ------------------------------------------------------------------------------------------------------------------ 16. TOTAL ASSETS $3,468,041 $3,491,012 $3,491,462 $3,489,855 - ------------------------------------------------------------------------------------------------------------------ POSTPETITION LIABILITIES - ------------------------------------------------------------------------------------------------------------------ 17. ACCOUNTS PAYABLE $1,374 $1,955 $493 - ------------------------------------------------------------------------------------------------------------------ 18. TAXES PAYABLE $987 $856 $711 - ------------------------------------------------------------------------------------------------------------------ 19. NOTES PAYABLE $0 $0 $0 - ------------------------------------------------------------------------------------------------------------------ 20. PROFESSIONAL FEES $0 $0 $0 - ------------------------------------------------------------------------------------------------------------------ 21. SECURED DEBT $0 $0 $0 - ------------------------------------------------------------------------------------------------------------------ 22. OTHER (ATTACH LIST) $0 $0 $0 - ------------------------------------------------------------------------------------------------------------------ 23. TOTAL POSTPETITION LIABILITIES $2,361 $2,811 $1,204 - ------------------------------------------------------------------------------------------------------------------ PREPETITION LIABILITIES - ------------------------------------------------------------------------------------------------------------------ 24. SECURED DEBT $0 $0 $0 - ------------------------------------------------------------------------------------------------------------------ 25. PRIORITY DEBT $73,455 $0 $0 $0 - ------------------------------------------------------------------------------------------------------------------ 26. UNSECURED DEBT $68,502 $62,673 $62,673 $62,673 - ------------------------------------------------------------------------------------------------------------------ 27. OTHER (ATTACH LIST) $1,231,717 $1,231,717 $1,231,717 - ------------------------------------------------------------------------------------------------------------------ 28. TOTAL PREPETITION LIABILITIES $141,957 $1,294,390 $1,294,390 $1,294,390 - ------------------------------------------------------------------------------------------------------------------ 29. TOTAL LIABILITIES $141,957 $1,296,751 $1,297,201 $1,295,594 - ------------------------------------------------------------------------------------------------------------------ EQUITY - ------------------------------------------------------------------------------------------------------------------ 30. PREPETITION OWNERS' EQUITY $2,194,261 $2,194,261 $2,194,261 - ------------------------------------------------------------------------------------------------------------------ 31. POSTPETITION CUMULATIVE PROFIT OR (LOSS) $0 $0 $0 - ------------------------------------------------------------------------------------------------------------------ 32. DIRECT CHARGES TO EQUITY (ATTACH EXPLANATION) - ------------------------------------------------------------------------------------------------------------------ 33. TOTAL EQUITY $0 $2,194,261 $2,194,261 $2,194,261 - ------------------------------------------------------------------------------------------------------------------ 34. TOTAL LIABILITIES & OWNERS' EQUITY $141,957 $3,491,012 $3,491,462 $3,489,855 - ------------------------------------------------------------------------------------------------------------------
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 August 2000 September 2000 TOTAL - ------------------------------------------------------------------------------------------------------ 1. GROSS REVENUES $9,125 $0 $3,300 $12,425 - ------------------------------------------------------------------------------------------------------ 2. LESS: RETURNS & DISCOUNTS $0 $0 $0 $0 - ------------------------------------------------------------------------------------------------------ 3. NET REVENUE $9,125 $0 $3,300 $12,425 - ------------------------------------------------------------------------------------------------------ COST OF GOODS SOLD - ------------------------------------------------------------------------------------------------------ 4. MATERIAL $0 $0 $0 $0 - ------------------------------------------------------------------------------------------------------ 5. DIRECT LABOR $0 $0 $0 $0 - ------------------------------------------------------------------------------------------------------ 6. DIRECT OVERHEAD $0 $0 $0 $0 - ------------------------------------------------------------------------------------------------------ 7. TOTAL COST OF GOODS SOLD $0 $0 $0 $0 - ------------------------------------------------------------------------------------------------------ 8. GROSS PROFIT $9,125 $0 $3,300 $12,425 - ------------------------------------------------------------------------------------------------------ OPERATING EXPENSES - ------------------------------------------------------------------------------------------------------ 9. OFFICER/INSIDER COMPENSATION $12,500 $12,500 $12,500 $37,500 - ------------------------------------------------------------------------------------------------------ 10. SELLING & MARKETING $0 $0 $0 $0 - ------------------------------------------------------------------------------------------------------ 11. GENERAL & ADMINISTRATIVE ($77,736) ($53,676) ($44,884) ($176,296) - ------------------------------------------------------------------------------------------------------ 12. RENT & LEASE $11,567 $9,142 $3,150 $23,859 - ------------------------------------------------------------------------------------------------------ 13. OTHER (ATTACH LIST) $0 $0 $0 $0 - ------------------------------------------------------------------------------------------------------ 14. TOTAL OPERATING EXPENSES ($53,669) ($32,034) ($29,234) ($114,937) - ------------------------------------------------------------------------------------------------------ 15. INCOME BEFORE NON-OPERATING INCOME & EXPENSE $62,794 $32,034 $32,534 $127,362 - ------------------------------------------------------------------------------------------------------ OTHER INCOME & EXPENSES - ------------------------------------------------------------------------------------------------------ 16. NON-OPERATING INCOME (ATT. LIST) $0 $0 $0 $0 - ------------------------------------------------------------------------------------------------------ 17. NON-OPERATING EXPENSE (ATT. LIST) $0 $0 $0 $0 - ------------------------------------------------------------------------------------------------------ 18. INTEREST EXPENSE $0 $0 $0 $0 - ------------------------------------------------------------------------------------------------------ 19. DEPRECIATION/DEPLETION $3,743 $3,743 $3,743 $11,229 - ------------------------------------------------------------------------------------------------------ 20. AMORTIZATION $28,291 $28,291 $28,291 $84,873 - ------------------------------------------------------------------------------------------------------ 21. OTHER (ATTACH LIST) $0 $0 $0 $0 - ------------------------------------------------------------------------------------------------------ 22. NET OTHER INCOME & EXPENSES $32,034 $32,034 $32,034 $96,102 - ------------------------------------------------------------------------------------------------------ REORGANIZATION EXPENSES - ------------------------------------------------------------------------------------------------------ 23. PROFESSIONAL FEES $0 $0 $0 $0 - ------------------------------------------------------------------------------------------------------ 24. U.S. TRUSTEE FEES $0 $0 $500 $500 - ------------------------------------------------------------------------------------------------------ 25. OTHER (ATTACH LIST) $0 $0 $0 $0 - ------------------------------------------------------------------------------------------------------ 26. TOTAL REORGANIZATION EXPENSES $0 $0 $500 $500 - ------------------------------------------------------------------------------------------------------ 27. INCOME TAX $0 $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
- ---------------------------------------------------------------------------------------------------------- MONTH MONTH MONTH CASH RECEIPTS AND -------------------------------------------------- QUARTER DISBURSEMENTS July 2000 August 2000 September 2000 TOTAL - ---------------------------------------------------------------------------------------------------------- 1. CASH - BEGINNING OF MONTH $25,072 $6,863 $835 $25,072 - ---------------------------------------------------------------------------------------------------------- RECEIPTS FROM OPERATIONS - ---------------------------------------------------------------------------------------------------------- 2. CASH SALES $0 $0 $0 $0 - ---------------------------------------------------------------------------------------------------------- COLLECTION OF ACCOUNTS RECEIVABLE - ---------------------------------------------------------------------------------------------------------- 3. PREPETITION $0 $0 $0 $0 - ---------------------------------------------------------------------------------------------------------- 4. POSTPETITION $2,731 $5,575 $6,599 $14,905 - ---------------------------------------------------------------------------------------------------------- 5. TOTAL OPERATING RECEIPTS $2,731 $5,575 $6,599 $14,905 - ---------------------------------------------------------------------------------------------------------- NON - OPERATING RECEIPTS - ---------------------------------------------------------------------------------------------------------- 6. LOANS & ADVANCES (ATTACH LIST) $0 $0 $0 $0 - ---------------------------------------------------------------------------------------------------------- 7. SALE OF ASSETS $0 $0 $0 $0 - ---------------------------------------------------------------------------------------------------------- 8. OTHER (ATTACH LIST) $0 $0 $0 $0 - ---------------------------------------------------------------------------------------------------------- 9. TOTAL NON-OPERATING RECEIPTS $0 $0 $0 $0 - ---------------------------------------------------------------------------------------------------------- 10. TOTAL RECEIPTS $2,731 $5,575 $6,599 $14,905 - ---------------------------------------------------------------------------------------------------------- 11. TOTAL CASH AVAILABLE $27,803 $12,438 $7,434 $39,977 - ---------------------------------------------------------------------------------------------------------- OPERATING DISBURSEMENTS - ---------------------------------------------------------------------------------------------------------- 12. NET PAYROLL $0 $0 $0 $0 - ---------------------------------------------------------------------------------------------------------- 13. PAYROLL TAXES PAID $0 $0 $0 $0 - ---------------------------------------------------------------------------------------------------------- 14. SALES, USE & OTHER TAXES PAID $1,823 $131 $401 $2,355 - ---------------------------------------------------------------------------------------------------------- 15. SECURED/RENTAL/LEASES $11,530 $6,223 $0 $17,753 - ---------------------------------------------------------------------------------------------------------- 16. UTILITIES $3,537 $2,795 $3,169 $9,501 - ---------------------------------------------------------------------------------------------------------- 17. INSURANCE $0 $0 $1,723 $1,723 - ---------------------------------------------------------------------------------------------------------- 18. INVENTORY PURCHASES $0 $0 $0 $0 - ---------------------------------------------------------------------------------------------------------- 19. VEHICLE EXPENSES $0 $0 $0 $0 - ---------------------------------------------------------------------------------------------------------- 20. TRAVEL $0 $0 $0 $0 - ---------------------------------------------------------------------------------------------------------- 21. ENTERTAINMENT $0 $0 $0 $0 - ---------------------------------------------------------------------------------------------------------- 22. REPAIRS & MAINTENANCE $0 $0 $0 $0 - ---------------------------------------------------------------------------------------------------------- 23. SUPPLIES $946 $237 $178 $1,361 - ---------------------------------------------------------------------------------------------------------- 24. ADVERTISING $0 $0 $0 $0 - ---------------------------------------------------------------------------------------------------------- 25. OTHER (ATTACH LIST) $2,604 $2,217 $693 $5,514 - ---------------------------------------------------------------------------------------------------------- 26. TOTAL OPERATING DISBURSEMENTS $20,440 $11,603 $6,164 $38,207 - ---------------------------------------------------------------------------------------------------------- REORGANIZATION EXPENSES - ---------------------------------------------------------------------------------------------------------- 27. PROFESSIONAL FEES $0 $0 $0 $0 - ---------------------------------------------------------------------------------------------------------- 28. U.S. TRUSTEE FEES $500 $0 $0 $500 - ---------------------------------------------------------------------------------------------------------- 29. OTHER (ATTACH LIST) $0 $0 $0 $0 - ---------------------------------------------------------------------------------------------------------- 30. TOTAL REORGANIZATION EXPENSES $500 $0 $0 $500 - ---------------------------------------------------------------------------------------------------------- 31. TOTAL DISBURSEMENTS $20,940 $11,603 $6,164 $38,707 - ---------------------------------------------------------------------------------------------------------- 32. NET CASH FLOW ($18,209) ($6,028) $435 ($23,802) - ---------------------------------------------------------------------------------------------------------- 33. CASH - END OF MONTH $6,863 $835 $1,270 $1,270 - ----------------------------------------------------------------------------------------------------------
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 August 2000 September 2000 - ------------------------------------------------------------------------------------------------------------------ 1. 0-30 $7,412 $808 $4,364 - ------------------------------------------------------------------------------------------------------------------ 2. 31-60 $5,621 $6,600 $0 - ------------------------------------------------------------------------------------------------------------------ 3. 61-90 $5,575 $5,621 $0 - ------------------------------------------------------------------------------------------------------------------ 4. 91+ $815 $819 $6,440 - ------------------------------------------------------------------------------------------------------------------ 5. TOTAL ACCOUNTS RECEIVABLE $0 $19,423 $13,848 $10,804 - ------------------------------------------------------------------------------------------------------------------ 6. AMOUNT CONSIDERED UNCOLLECTIBLE $1,581 $1,581 $1,581 - ------------------------------------------------------------------------------------------------------------------ 7. ACCOUNTS RECEIVABLE (NET) $0 $17,842 $12,267 $9,223 - ------------------------------------------------------------------------------------------------------------------ AGING OF POSTPETITION TAXES AND PAYABLES MONTH: September 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 - ------------------------------------------------------------------------------------------------------------------ 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 $493 $0 $0 $0 $493 - ------------------------------------------------------------------------------------------------------------------ STATUS OF POSTPETITION TAXES MONTH: September 2000 - ------------------------------------------------------------------------------------------------------------------ BEGINNING AMOUNT ENDING TAX WITHHELD AND/ AMOUNT TAX FEDERAL LIABILITY* OR ACCRUED PAID LIABILITY - ------------------------------------------------------------------------------------------------------------------ 1. WITHHOLDING** $0 $0 $0 $0 - ------------------------------------------------------------------------------------------------------------------ 2. FICA-EMPLOYEE** $0 $0 $0 $0 - ------------------------------------------------------------------------------------------------------------------ 3. FICA-EMPLOYER** $0 $0 $0 $0 - ------------------------------------------------------------------------------------------------------------------ 4. UNEMPLOYMENT $0 $0 $0 $0 - ------------------------------------------------------------------------------------------------------------------ 5. INCOME $0 $0 $0 $0 - ------------------------------------------------------------------------------------------------------------------ 6. OTHER (ATTACH LIST) $0 $0 $0 $0 - ------------------------------------------------------------------------------------------------------------------ 7. TOTAL FEDERAL TAXES $0 $0 $0 $0 - ------------------------------------------------------------------------------------------------------------------ STATE AND LOCAL - ------------------------------------------------------------------------------------------------------------------ 8. WITHHOLDING $0 $0 $0 $0 - ------------------------------------------------------------------------------------------------------------------ 9. SALES $856 $256 $401 $711 - ------------------------------------------------------------------------------------------------------------------ 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 $856 $256 $401 $711 - ------------------------------------------------------------------------------------------------------------------ 16. TOTAL TAXES $856 $256 $401 $711 - ------------------------------------------------------------------------------------------------------------------
* 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: September 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 $853 $0 $853 - --------------------------------------------------------------------------------------------------------------- 2. ADD: TOTAL DEPOSITS NOT CREDITED $0 $0 $0 - --------------------------------------------------------------------------------------------------------------- 3. SUBTRACT: OUTSTANDING CHECKS $35 $0 $35 - --------------------------------------------------------------------------------------------------------------- 4. OTHER RECONCILING ITEMS $0 $0 $0 - --------------------------------------------------------------------------------------------------------------- 5. MONTH END BALANCE PER BOOKS $818 $0 $0 $818 - --------------------------------------------------------------------------------------------------------------- 6. NUMBER OF LAST CHECK WRITTEN 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 $452 - --------------------------------------------------------------------------------------------------------------- 13. TOTAL CASH - END OF MONTH $1,270 - ---------------------------------------------------------------------------------------------------------------
MONTHLY OPERATING REPORT CASE NAME: LONGHORN SOLUTIONS, INC. ACCRUAL BASIS-6 CASE NUMBER: 400-42147-BJH-11 02/13/95, RWD, 2/96 MONTH: September 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 $62,500 - -------------------------------------------------------------------- 2. - -------------------------------------------------------------------- 3. - -------------------------------------------------------------------- 4. - -------------------------------------------------------------------- 5. - -------------------------------------------------------------------- 6. TOTAL PAYMENTS TO INSIDERS $12,500 $62,500 - --------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------ 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: September 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. # 9/12/00-9/11/01 $ 1,723.00 Annual - ------------------------------------------------------------------------------------------------------- - ------------------------------------------------------------------------------------------------------- See Kitty Hawk, Inc. Case #400-42141 - ------------------------------------------------------------------------------------------------------- - ------------------------------------------------------------------------------------------------------- - ------------------------------------------------------------------------------------------------------- - -------------------------------------------------------------------------------------------------------
CASE NAME: LONGHORN SOLUTIONS, INC. FOOTNOTES SUPPLEMENT CASE NUMBER: 400-42147-BJH-11 ACCRUAL BASIS MONTH: September 2000 -------------------------
- ---------------------------------------------------------------------------------------------------- ACCRUAL BASIS LINE FORM NUMBER NUMBER FOOTNOTE/EXPLANATION - ---------------------------------------------------------------------------------------------------- 3 12 All payroll is paid out of Kitty Hawk Aircargo, Inc. (Case #400- - ---------------------------------------------------------------------------------------------------- 13 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 September 2000 8. OTHER (ATTACH LIST) $ 626,907 Reported ----------------------- Intercompany Receivables 587,242 Deferred Taxes 36,717 Security Deposit 2,948 ----------------------- 626,907 Detail ----------------------- - Difference 14. OTHER ASSETS - NET OF AMORTIZATION (ATTACH LIST) $2,751,389 Reported ----------------------- Software knowledge 3,397,989 Accum Amortization (646,600) ----------------------- 2,751,389 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) 693 Reported ----------------------- Equipment repair - Internet 448 Misc 100 Janitorial - Petty Cash Usage 46 Postage & Delivery 99 ----------------------- 693 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 RTURT NORTHERN DISTRICT OF TEXAS SIXTH DIVISION MONTHLY OPERATING REPORT MONTH ENDING: SEPTEMBER 30, 2000 IN ACCORDANCE WITH TITLE 28, SECTION 1746, OF THE UNITED STATES CODE, I DECLARE UNDER PENALTY OF PERJURY THAT I HAVE EXAMINED THE FOLLOWING MONTHLY OPERATING REPORT (ACCRUAL BASIS-1 THROUGH ACCRUAL BASIS-7) AND THE ACCOMPANYING ATTACHMENTS AND, TO THE BEST OF MY KNOWLEDGE, THESE DOCUMENTS ARE TRUE, CORRECT AND COMPLETE. DECLARATION OF THE PREPARER (OTHER THAN RESPONSIBLE PARTY): IS BASED ON ALL INFORMATION OF WHICH PREPARER HAS ANY KNOWLEDGE. RESPONSIBLE PARTY: /s/ DREW KEITH CHIEF FINANCIAL OFFICER - --------------------------------------- -------------------------------- ORIGINAL SIGNATURE OF RESPONSIBLE PARTY TITLE DREW KEITH 10/20/00 - --------------------------------------- -------------------------------- PRINTED NAME OF RESPONSIBLE PARTY DATE PREPARER: /s/ KEVIN K. CRAIG CONTROLLER, KITTY HAWK INC. - --------------------------------------- -------------------------------- ORIGINAL SIGNATURE OF PREPARER TITLE KEVIN K. CRAIG 10/20/00 - --------------------------------------- -------------------------------- 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 - ------------------------------------------------------------------------------------------------------------------ MONTH MONTH MONTH SCHEDULE -------------------------------------------------------- ASSETS AMOUNT JULY, 2000 AUGUST, 2000 SEPTEMBER, 2000 - ------------------------------------------------------------------------------------------------------------------ 1. UNRESTRICTED CASH $0 $0 $0 $0 - ------------------------------------------------------------------------------------------------------------------ 2. RESTRICTED CASH $0 $3,527,846 $3,382,756 $3,276,591 - ------------------------------------------------------------------------------------------------------------------ 3. TOTAL CASH $0 $3,527,846 $3,382,756 $3,276,591 - ------------------------------------------------------------------------------------------------------------------ 4. ACCOUNTS RECEIVABLE (NET) $0 $0 $0 $0 - ------------------------------------------------------------------------------------------------------------------ 5. INVENTORY $0 $0 $0 $0 - ------------------------------------------------------------------------------------------------------------------ 6. NOTES RECEIVABLE $0 $0 $0 $0 - ------------------------------------------------------------------------------------------------------------------ 7. PREPAID EXPENSES $0 $0 $0 $0 - ------------------------------------------------------------------------------------------------------------------ 8. OTHER (ATTACH LIST) ($33,904,344) ($30,268,594) ($29,073,094) ($28,255,052) - ------------------------------------------------------------------------------------------------------------------ 9. TOTAL CURRENT ASSETS ($33,904,344) ($26,740,748) ($25,690,338) ($24,978,461) - ------------------------------------------------------------------------------------------------------------------ 10. PROPERTY, PLANT & EQUIPMENT $81,907,719 $81,907,719 $81,907,719 $78,900,683 - ------------------------------------------------------------------------------------------------------------------ 11. LESS: ACCUMULATED DEPRECIATION/DEPLETION $33,669,772 $35,386,895 $35,959,269 $34,840,450 - ------------------------------------------------------------------------------------------------------------------ 12. NET PROPERTY, PLANT & EQUIPMENT $48,237,946 $46,520,824 $45,948,450 $44,060,233 - ------------------------------------------------------------------------------------------------------------------ 13. DUE FROM INSIDERS $0 $0 $0 $0 - ------------------------------------------------------------------------------------------------------------------ 14. OTHER ASSETS - NET OF AMORTIZATION (ATTACH LIST) $0 $0 $0 $0 - ------------------------------------------------------------------------------------------------------------------ 15. OTHER (ATTACH LIST) $0 $0 $0 $0 - ------------------------------------------------------------------------------------------------------------------ 16. TOTAL ASSETS $14,333,602 $19,780,076 $20,258,112 $19,081,772 - ------------------------------------------------------------------------------------------------------------------ POSTPETITION LIABILITIES - ------------------------------------------------------------------------------------------------------------------ 17. ACCOUNTS PAYABLE $0 $0 $0 - ------------------------------------------------------------------------------------------------------------------ 18. TAXES PAYABLE $0 $0 $0 - ------------------------------------------------------------------------------------------------------------------ 19. NOTES PAYABLE $0 $0 $0 - ------------------------------------------------------------------------------------------------------------------ 20. PROFESSIONAL FEES $0 $0 $0 - ------------------------------------------------------------------------------------------------------------------ 21. SECURED DEBT $0 $0 $0 - ------------------------------------------------------------------------------------------------------------------ 22. OTHER (ATTACH LIST) $745,265 $949,341 $1,699,576 - ------------------------------------------------------------------------------------------------------------------ 23. TOTAL POSTPETITION LIABILITIES $745,265 $949,341 $1,699,576 - ------------------------------------------------------------------------------------------------------------------ PREPETITION LIABILITIES - ------------------------------------------------------------------------------------------------------------------ 24. SECURED DEBT $2,811,382 $2,811,382 $2,811,382 $8,791 - ------------------------------------------------------------------------------------------------------------------ 25. PRIORITY DEBT $0 $0 $0 $0 - ------------------------------------------------------------------------------------------------------------------ 26. UNSECURED DEBT $0 $0 $0 $0 - ------------------------------------------------------------------------------------------------------------------ 27. OTHER (ATTACH LIST) $1,300,001 $2,412,345 $2,412,345 $2,412,345 - ------------------------------------------------------------------------------------------------------------------ 28. TOTAL PREPETITION LIABILITIES $4,111,383 $5,223,727 $5,223,727 $2,421,136 - ------------------------------------------------------------------------------------------------------------------ 29. TOTAL LIABILITIES $4,111,383 $5,968,992 $6,173,068 $4,120,712 - ------------------------------------------------------------------------------------------------------------------ EQUITY - ------------------------------------------------------------------------------------------------------------------ 30. PREPETITION OWNERS' EQUITY $0 $12,789,185 $12,789,185 $12,789,185 - ------------------------------------------------------------------------------------------------------------------ 31. POSTPETITION CUMULATIVE PROFIT OR (LOSS) $1,021,899 $1,295,859 $2,171,875 - ------------------------------------------------------------------------------------------------------------------ 32. DIRECT CHARGES TO EQUITY (ATTACH EXPLANATION) $0 $0 $0 - ------------------------------------------------------------------------------------------------------------------ 33. TOTAL EQUITY $0 $13,811,084 $14,085,044 $14,961,060 - ------------------------------------------------------------------------------------------------------------------ 34. TOTAL LIABILITIES & OWNERS' EQUITY $4,111,383 $19,780,076 $20,258,112 $19,081,772 - ------------------------------------------------------------------------------------------------------------------
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 AUGUST, 2000 SEPTEMBER,2000 TOTAL - ------------------------------------------------------------------------------------------------------ 1. GROSS REVENUES $1,195,500 $1,195,500 $1,195,500 $3,586,500 - ------------------------------------------------------------------------------------------------------ 2. LESS: RETURNS & DISCOUNTS $0 $0 $0 $0 - ------------------------------------------------------------------------------------------------------ 3. NET REVENUE $1,195,500 $1,195,500 $1,195,500 $3,586,500 - ------------------------------------------------------------------------------------------------------ COST OF GOODS SOLD - ------------------------------------------------------------------------------------------------------ 4. MATERIAL $0 $0 $0 $0 - ------------------------------------------------------------------------------------------------------ 5. DIRECT LABOR $0 $0 $0 $0 - ------------------------------------------------------------------------------------------------------ 6. DIRECT OVERHEAD $0 $0 $0 $0 - ------------------------------------------------------------------------------------------------------ 7. TOTAL COST OF GOODS SOLD $0 $0 $0 $0 - ------------------------------------------------------------------------------------------------------ 8. GROSS PROFIT $1,195,500 $1,195,500 $1,195,500 $3,586,500 - ------------------------------------------------------------------------------------------------------ OPERATING EXPENSES - ------------------------------------------------------------------------------------------------------ 9. OFFICER/INSIDER COMPENSATION $0 $0 $0 $0 - ------------------------------------------------------------------------------------------------------ 10. SELLING & MARKETING $0 $0 $0 $0 - ------------------------------------------------------------------------------------------------------ 11. GENERAL & ADMINISTRATIVE ($9,060) $0 $0 ($9,060) - ------------------------------------------------------------------------------------------------------ 12. RENT & LEASE $0 $0 $0 $0 - ------------------------------------------------------------------------------------------------------ 13. OTHER (ATTACH LIST) $0 $0 $0 $0 - ------------------------------------------------------------------------------------------------------ 14. TOTAL OPERATING EXPENSES ($9,060) $0 $0 ($9,060) - ------------------------------------------------------------------------------------------------------ 15. INCOME BEFORE NON-OPERATING INCOME & EXPENSE $1,204,560 $1,195,500 $1,195,500 $3,595,560 - ------------------------------------------------------------------------------------------------------ OTHER INCOME & EXPENSES - ------------------------------------------------------------------------------------------------------ 16. NON-OPERATING INCOME (ATT. LIST) ($15,690) ($18,151) ($17,497) ($51,338) - ------------------------------------------------------------------------------------------------------ 17. NON-OPERATING EXPENSE (ATT. LIST) $0 $0 $0 $0 - ------------------------------------------------------------------------------------------------------ 18. INTEREST EXPENSE $21,437 $21,437 ($85,435) ($42,561) - ------------------------------------------------------------------------------------------------------ 19. DEPRECIATION/DEPLETION $572,374 $572,374 $572,374 $1,717,122 - ------------------------------------------------------------------------------------------------------ 20. AMORTIZATION $0 $0 $0 $0 - ------------------------------------------------------------------------------------------------------ 21. OTHER (ATTACH LIST) $0 $0 ($861,380) ($861,380) - ------------------------------------------------------------------------------------------------------ 22. NET OTHER INCOME & EXPENSES $578,121 $575,660 ($391,938) $761,843 - ------------------------------------------------------------------------------------------------------ REORGANIZATION EXPENSES - ------------------------------------------------------------------------------------------------------ 23. PROFESSIONAL FEES $132,366 $163,242 $123,662 $419,270 - ------------------------------------------------------------------------------------------------------ 24. U.S. TRUSTEE FEES $0 $0 $3,750 $3,750 - ------------------------------------------------------------------------------------------------------ 25. OTHER (ATTACH LIST) $0 $0 $0 $0 - ------------------------------------------------------------------------------------------------------ 26. TOTAL REORGANIZATION EXPENSES $132,366 $163,242 $127,412 $423,020 - ------------------------------------------------------------------------------------------------------ 27. INCOME TAX $197,629 $182,639 $584,010 $964,278 - ------------------------------------------------------------------------------------------------------ 28. NET PROFIT (LOSS) $296,444 $273,959 $876,016 $1,446,419 - ------------------------------------------------------------------------------------------------------
MONTHLY OPERATING REPORT CASE NAME: AIRCRAFT LEASING, INC. ACCRUAL BASIS-3 CASE NUMBER: 400-42148-BJH-11 02/13/95, RWD, 2/96
- --------------------------------------------------------------------------------------------------------- MONTH MONTH MONTH CASH RECEIPTS AND ------------------------------------------------ QUARTER DISBURSEMENTS JULY, 2000 AUGUST, 2000 SEPTEMBER, 2000 TOTAL - --------------------------------------------------------------------------------------------------------- 1. CASH - BEGINNING OF MONTH $3,585,463 $3,527,847 $3,382,756 $3,585,463 - --------------------------------------------------------------------------------------------------------- RECEIPTS FROM OPERATIONS - --------------------------------------------------------------------------------------------------------- 2. CASH SALES $0 $0 $0 $0 - --------------------------------------------------------------------------------------------------------- COLLECTION OF ACCOUNTS RECEIVABLE - --------------------------------------------------------------------------------------------------------- 3. PREPETITION $0 $0 $0 $0 - --------------------------------------------------------------------------------------------------------- 4. POSTPETITION $0 $0 $0 $0 - --------------------------------------------------------------------------------------------------------- 5. TOTAL OPERATING RECEIPTS $0 $0 $0 $0 - --------------------------------------------------------------------------------------------------------- NON - OPERATING RECEIPTS - --------------------------------------------------------------------------------------------------------- 6. LOANS & ADVANCES (ATTACH LIST) $0 $0 $0 $0 - --------------------------------------------------------------------------------------------------------- 7. SALE OF ASSETS $0 $0 $0 $0 - --------------------------------------------------------------------------------------------------------- 8. OTHER (ATTACH LIST) $15,690 $18,151 $17,497 $51,338 - --------------------------------------------------------------------------------------------------------- 9. TOTAL NON-OPERATING RECEIPTS $15,690 $18,151 $17,497 $51,338 - --------------------------------------------------------------------------------------------------------- 10. TOTAL RECEIPTS $15,690 $18,151 $17,497 $51,338 - --------------------------------------------------------------------------------------------------------- 11. TOTAL CASH AVAILABLE $3,601,153 $3,545,998 $3,400,253 $3,636,801 - --------------------------------------------------------------------------------------------------------- OPERATING DISBURSEMENTS - --------------------------------------------------------------------------------------------------------- 12. NET PAYROLL $0 $0 $0 $0 - --------------------------------------------------------------------------------------------------------- 13. PAYROLL TAXES PAID $0 $0 $0 $0 - --------------------------------------------------------------------------------------------------------- 14. SALES, USE & OTHER TAXES PAID $0 $0 $0 $0 - --------------------------------------------------------------------------------------------------------- 15. SECURED/RENTAL/LEASES $0 $0 $0 $0 - --------------------------------------------------------------------------------------------------------- 16. UTILITIES $0 $0 $0 $0 - --------------------------------------------------------------------------------------------------------- 17. INSURANCE $0 $0 $0 $0 - --------------------------------------------------------------------------------------------------------- 18. INVENTORY PURCHASES $0 $0 $0 $0 - --------------------------------------------------------------------------------------------------------- 19. VEHICLE EXPENSES $0 $0 $0 $0 - --------------------------------------------------------------------------------------------------------- 20. TRAVEL $0 $0 $0 $0 - --------------------------------------------------------------------------------------------------------- 21. ENTERTAINMENT $0 $0 $0 $0 - --------------------------------------------------------------------------------------------------------- 22. REPAIRS & MAINTENANCE $0 $0 $0 $0 - --------------------------------------------------------------------------------------------------------- 23. SUPPLIES $0 $0 $0 $0 - --------------------------------------------------------------------------------------------------------- 24. ADVERTISING $0 $0 $0 $0 - --------------------------------------------------------------------------------------------------------- 25. OTHER (ATTACH LIST) ($59,060) $0 $0 ($59,060) - --------------------------------------------------------------------------------------------------------- 26. TOTAL OPERATING DISBURSEMENTS ($59,060) $0 $0 ($59,060) - --------------------------------------------------------------------------------------------------------- REORGANIZATION EXPENSES - --------------------------------------------------------------------------------------------------------- 27. PROFESSIONAL FEES $132,366 $163,242 $123,662 $419,270 - --------------------------------------------------------------------------------------------------------- 28. U.S. TRUSTEE FEES $0 $0 $0 $0 - --------------------------------------------------------------------------------------------------------- 29. OTHER (ATTACH LIST) $0 $0 $0 $0 - --------------------------------------------------------------------------------------------------------- 30. TOTAL REORGANIZATION EXPENSES $132,366 $163,242 $123,662 $419,270 - --------------------------------------------------------------------------------------------------------- 31. TOTAL DISBURSEMENTS $73,306 $163,242 $123,662 $360,210 - --------------------------------------------------------------------------------------------------------- 32. NET CASH FLOW ($57,616) ($145,091) ($106,165) ($308,872) - --------------------------------------------------------------------------------------------------------- 33. CASH - END OF MONTH $3,527,847 $3,382,756 $3,276,591 $3,276,591 - ---------------------------------------------------------------------------------------------------------
MONTHLY OPERATING REPORT CASE NAME: AIRCRAFT LEASING, INC. ACCRUAL BASIS-4 CASE NUMBER: 400-42148-BJH-11 02/13/95, RWD, 2/96
- ------------------------------------------------------------------------------------------------------------------- MONTH MONTH MONTH SCHEDULE -------------------------------------------------- ACCOUNTS RECEIVABLE AGING AMOUNT JULY, 2000 AUGUST, 2000 SEPTEMBER, 2000 - ------------------------------------------------------------------------------------------------------------------- 1. 0-30 $0 $0 $0 $0 - ------------------------------------------------------------------------------------------------------------------- 2. 31-60 $0 $0 $0 $0 - ------------------------------------------------------------------------------------------------------------------- 3. 61-90 $0 $0 $0 $0 - ------------------------------------------------------------------------------------------------------------------- 4. 91+ $0 $0 $0 $0 - ------------------------------------------------------------------------------------------------------------------- 5. TOTAL ACCOUNTS RECEIVABLE $0 $0 $0 $0 - ------------------------------------------------------------------------------------------------------------------- 6. AMOUNT CONSIDERED UNCOLLECTIBLE $0 $0 $0 $0 - ------------------------------------------------------------------------------------------------------------------- 7. ACCOUNTS RECEIVABLE (NET) $0 $0 $0 $0 - ------------------------------------------------------------------------------------------------------------------- AGING OF POSTPETITION TAXES AND PAYABLES MONTH: SEPTEMBER, 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: SEPTEMBER, 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.
MONTH: SEPTEMBER, 2000 - -------------------------------------------------------------------------------------------------------------- BANK RECONCILIATIONS Account #1 Account #2 Account #3 - -------------------------------------------------------------------------------------------------------------- A. BANK: - -------------------------------------------------------------------------------------------- B. ACCOUNT NUMBER: TOTAL - -------------------------------------------------------------------------------------------- C. PURPOSE (TYPE): - -------------------------------------------------------------------------------------------------------------- 1. BALANCE PER BANK STATEMENT $0 $0 - -------------------------------------------------------------------------------------------------------------- 2. ADD: TOTAL DEPOSITS NOT CREDITED $0 $0 - -------------------------------------------------------------------------------------------------------------- 3. SUBTRACT: OUTSTANDING CHECKS $0 $0 - -------------------------------------------------------------------------------------------------------------- 4. OTHER RECONCILING ITEMS $0 $0 - -------------------------------------------------------------------------------------------------------------- 5. MONTH END BALANCE PER BOOKS $0 $0 $0 $0 - -------------------------------------------------------------------------------------------------------------- 6. NUMBER OF LAST CHECK WRITTEN - -------------------------------------------------------------------------------------------------------------- - -------------------------------------------- INVESTMENT ACCOUNTS - -------------------------------------------------------------------------------------------------------------- DATE OF TYPE OF PURCHASE CURRENT BANK, ACCOUNT NAME & NUMBER PURCHASE INSTRUMENT PRICE VALUE - -------------------------------------------------------------------------------------------------------------- 7. BANK ONE TRUST (ESCROW) 6801456800* 1/3/00 MONEY MARKET $3,625,000 $0 - -------------------------------------------------------------------------------------------------------------- 8. HSBC Bank USA (ESCROW) #10-876110 6/19/00 MONEY MARKET $3,560,463 $3,276,591 - -------------------------------------------------------------------------------------------------------------- 9. - -------------------------------------------------------------------------------------------------------------- 10. - -------------------------------------------------------------------------------------------------------------- 11. TOTAL INVESTMENTS $3,276,591 - -------------------------------------------------------------------------------------------------------------- - -------------------------------------------- CASH - -------------------------------------------------------------------------------------------------------------- 12. CURRENCY ON HAND $0 - -------------------------------------------------------------------------------------------------------------- - -------------------------------------------------------------------------------------------------------------- 13. TOTAL CASH - END OF MONTH $3,276,591 - --------------------------------------------------------------------------------------------------------------
MONTHLY OPERATING REPORT CASE NAME: AIRCRAFT LEASING, INC. ACCRUAL BASIS-6 CASE NUMBER: 400-42148-BJH-11 02/13/95, RWD, 2/96 MONTH: SEPTEMBER, 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 $35,164 - ------------------------------------------------------------------------------ 3. FIRST SOURCE BANK (AIA) $0 $0 $224,292 - ------------------------------------------------------------------------------ 4. $0 - ------------------------------------------------------------------------------ 5. $0 - ------------------------------------------------------------------------------ 6. TOTAL $8,791 $0 $287,668 - ------------------------------------------------------------------------------ MONTHLY OPERATING REPORT CASE NAME: AIRCRAFT LEASING, INC. ACCRUAL BASIS-7 CASE NUMBER: 400-42148-BJH-11 02/13/95, RWD, 2/96
MONTH: SEPTEMBER, 2000 - ----------------------------------- QUESTIONNAIRE - ----------------------------------------------------------------------------------------------------- YES NO - ----------------------------------------------------------------------------------------------------- 1. HAVE ANY ASSETS BEEN SOLD OR TRANSFERRED OUTSIDE X THE NORMAL COURSE OF BUSINESS THIS REPORTING PERIOD? - ----------------------------------------------------------------------------------------------------- 2. HAVE ANY FUNDS BEEN DISBURSED FROM ANY ACCOUNT X OTHER THAN A DEBTOR IN POSSESSION ACCOUNT? - ----------------------------------------------------------------------------------------------------- 3. ARE ANY POSTPETITION RECEIVABLES (ACCOUNTS, NOTES, OR X LOANS) DUE FROM RELATED PARTIES? - ----------------------------------------------------------------------------------------------------- 4. HAVE ANY PAYMENTS BEEN MADE ON PREPETITION LIABILITIES X THIS REPORTING PERIOD? - ----------------------------------------------------------------------------------------------------- 5. HAVE ANY POSTPETITION LOANS BEEN RECEIVED BY THE X DEBTOR FROM ANY PARTY? - ----------------------------------------------------------------------------------------------------- 6. ARE ANY POSTPETITION PAYROLL TAXES PAST DUE? X - ----------------------------------------------------------------------------------------------------- 7. ARE ANY POSTPETITION STATE OR FEDERAL INCOME TAXES X PAST DUE? - ----------------------------------------------------------------------------------------------------- 8. ARE ANY POSTPETITION REAL ESTATE TAXES PAST DUE? X - ----------------------------------------------------------------------------------------------------- 9. ARE ANY OTHER POSTPETITION TAXES PAST DUE? X - ----------------------------------------------------------------------------------------------------- 10. ARE ANY AMOUNTS OWED TO POSTPETITION CREDITORS X DELINQUENT? - ----------------------------------------------------------------------------------------------------- 11. HAVE ANY PREPETITION TAXES BEEN PAID DURING THE X REPORTING PERIOD? - ----------------------------------------------------------------------------------------------------- 12. ARE ANY WAGE PAYMENTS PAST DUE? X - ----------------------------------------------------------------------------------------------------- IF THE ANSWER TO ANY OF THE ABOVE QUESTIONS IS "YES," PROVIDE A DETAILED EXPLANATION OF EACH ITEM. ATTACH ADDITIONAL SHEETS IF NECESSARY. a) $123,662 Disbursement to Successor Trustee of (HSBC-Escrow) account for Professional Fees - ----------------------------------------------------------------------------------------------------- - ----------------------------------------------------------------------------------------------------- - ----------------------------------------------------------------------------------------------------- - ----------------------------------- INSURANCE - ----------------------------------------------------------------------------------------------------- YES NO - ----------------------------------------------------------------------------------------------------- 1. ARE WORKER'S COMPENSATION, GENERAL LIABILITY AND OTHER X NECESSARY INSURANCE COVERAGES IN EFFECT? - ----------------------------------------------------------------------------------------------------- 2. ARE ALL PREMIUM PAYMENTS PAID CURRENT? X - ----------------------------------------------------------------------------------------------------- 3. PLEASE ITEMIZE POLICIES BELOW. - ----------------------------------------------------------------------------------------------------- IF THE ANSWER TO ANY OF THE ABOVE QUESTIONS IS "NO," OR IF ANY POLICIES HAVE BEEN CANCELLED OR NOT RENEWED DURING THIS REPORTING PERIOD, PROVIDE AN EXPLANATION BELOW. ATTACH ADDITIONAL SHEETS IF NECESSARY. - ----------------------------------------------------------------------------------------------------- - ----------------------------------------------------------------------------------------------------- - ----------------------------------------------------------------------------------------------------- INSTALLMENT PAYMENTS - ----------------------------------------------------------------------------------------------------- TYPE OF PAYMENT AMOUNT POLICY CARRIER PERIOD COVERED & FREQUENCY - ----------------------------------------------------------------------------------------------------- - ----------------------------------------------------------------------------------------------------- SEE KITTY HAWK, INC. MOR - CASE # 400-42141-BJH-11 - ----------------------------------------------------------------------------------------------------- - ----------------------------------------------------------------------------------------------------- - ----------------------------------------------------------------------------------------------------- - ----------------------------------------------------------------------------------------------------- - -----------------------------------------------------------------------------------------------------
MONTHLY OPERATING REPORT CASE NAME: AIRCRAFT LEASING, INC. ACCRUAL BASIS-ATTACHMENT CASE NUMBER: 400-42148-BJH-11 MONTH: SEPTEMBER, 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) ($28,305,052) Intercompany Cummulative Receivable/Payable Credit Balance 1 - BS 22 a) $251,660 Accrued Accounts Payable (Post-petition) a) $1,447,916 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) $17,497 Interest Income (from HSBC -Escrow account) b) $861,380 Net Gain on Disposition of Assets (aircraft N112PS & related engines returned to offset note payable) 3 - CF 8 a) $17,497 Interest Income (from HSBC -Escrow account) 4 - AP T6 a) Federal Income Taxes are now shown as Other Accrued Liabilities (due to deferred tax credits) 7 - QA 2 a) $123,662 Disbursement to Successor Trustee of (HSBC-Escrow) account for Professional Fees
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: SEPTEMBER 30, 2000 IN ACCORDANCE WITH TITLE 28, SECTION 1746, OF THE UNITED STATES CODE, I DECLARE UNDER PENALTY OF PERJURY THAT I HAVE EXAMINED THE FOLLOWING MONTHLY OPERATING REPORT (ACCRUAL BASIS-1 THROUGH ACCRUAL BASIS-7) AND THE ACCOMPANYING ATTACHMENTS AND, TO THE BEST OF MY KNOWLEDGE, THESE DOCUMENTS ARE TRUE, CORRECT AND COMPLETE. DECLARATION OF THE PREPARER (OTHER THAN RESPONSIBLE PARTY): IS BASED ON ALL INFORMATION OF WHICH PREPARER HAS ANY KNOWLEDGE. RESPONSIBLE PARTY: /s/ DREW KEITH CFO - --------------------------------------- ----------------------------- ORIGINAL SIGNATURE OF RESPONSIBLE PARTY TITLE Drew Keith 10/20/00 - --------------------------------------- ----------------------------- PRINTED NAME OF RESPONSIBLE PARTY DATE PREPARER: /s/ JESSICA L. WILSON Chief Accounting Officer - --------------------------------------- ----------------------------- ORIGINAL SIGNATURE OF PREPARER TITLE Jessica L. Wilson 10/20/00 - --------------------------------------- ----------------------------- 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 MONTH MONTH MONTH SCHEDULE ------------------------------------------------- ASSETS AMOUNT JULY 2000 AUGUST 2000 SEPTEMBER 2000 - ----------------------------------------------------------------------------------------------------------- 1. UNRESTRICTED CASH $ 64,520 $ 0 $ 0 $ 0 - ------------------------------------------------------------------------------------------------------- 2. RESTRICTED CASH $ 0 $ 0 $ 0 - ------------------------------------------------------------------------------------------------------- 3. TOTAL CASH $ 64,520 $ 0 $ 0 $ 0 - ------------------------------------------------------------------------------------------------------- 4. ACCOUNTS RECEIVABLE (NET) $ 0 $ 0 $ 0 - ------------------------------------------------------------------------------------------------------- 5. INVENTORY $ 0 $ 0 $ 0 - ------------------------------------------------------------------------------------------------------- 6. NOTES RECEIVABLE $ 0 $ 0 $ 0 - ------------------------------------------------------------------------------------------------------- 7. PREPAID EXPENSES $ 0 $ 0 $ 0 - ------------------------------------------------------------------------------------------------------- 8. OTHER (ATTACH LIST) $(439,246) $(439,039) $(439,039) - ------------------------------------------------------------------------------------------------------- 9. TOTAL CURRENT ASSETS $ 64,520 $(439,246) $(439,039) $(439,039) - ------------------------------------------------------------------------------------------------------- 10. PROPERTY, PLANT & EQUIPMENT $ 0 $ 0 $ 0 - ------------------------------------------------------------------------------------------------------- 11. LESS: ACCUMULATED DEPRECIATION/DEPLETION $ 0 $ 0 $ 0 - ------------------------------------------------------------------------------------------------------- 12. NET PROPERTY, PLANT & EQUIPMENT $ 0 $ 0 $ 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 $ 64,520 $(439,246) $(439,039) $(439,039) - ------------------------------------------------------------------------------------------------------- POSTPETITION LIABILITIES - ------------------------------------------------------------------------------------------------------- 17. ACCOUNTS PAYABLE $ 0 $ 0 $ 0 - ------------------------------------------------------------------------------------------------------- 18. TAXES PAYABLE $ 0 $ 0 $ 0 - ------------------------------------------------------------------------------------------------------- 19. NOTES PAYABLE $ 0 $ 0 $ 0 - ------------------------------------------------------------------------------------------------------- 20. PROFESSIONAL FEES $ 0 $ 0 $ 0 - ------------------------------------------------------------------------------------------------------- 21. SECURED DEBT $ 0 $ 0 $ 0 - ------------------------------------------------------------------------------------------------------- 22. OTHER (ATTACH LIST) $ 0 $ 0 $ 250 - ------------------------------------------------------------------------------------------------------- 23. TOTAL POSTPETITION LIABILITIES $ 0 $ 0 $ 250 - ------------------------------------------------------------------------------------------------------- PREPETITION LIABILITIES - ------------------------------------------------------------------------------------------------------- 24. SECURED DEBT $ 0 $ 0 $ 0 - ------------------------------------------------------------------------------------------------------- 25. PRIORITY DEBT $ 16,503 $ 0 $ 0 $ 0 - ------------------------------------------------------------------------------------------------------- 26. UNSECURED DEBT $ 513,635 $ (84,891) $ (84,891) $ (84,891) - ------------------------------------------------------------------------------------------------------- 27. OTHER (ATTACH LIST) $ 0 $ 0 $ 0 - ------------------------------------------------------------------------------------------------------- 28. TOTAL PREPETITION LIABILITIES $ 530,138 $ (84,891) $ (84,891) $ (84,891) - ------------------------------------------------------------------------------------------------------- 29. TOTAL LIABILITIES $ 530,138 $ (84,891) $ (84,891) $ (84,641) - ------------------------------------------------------------------------------------------------------- EQUITY - ------------------------------------------------------------------------------------------------------- 30. PREPETITION OWNERS' EQUITY $(359,163) $(359,163) $(359,163) - ------------------------------------------------------------------------------------------------------- 31. POSTPETITION CUMULATIVE PROFIT OR (LOSS) $ 4,808 $ 5,015 $ 4,765 - ------------------------------------------------------------------------------------------------------- 32. DIRECT CHARGES TO EQUITY (ATTACH EXPLANATION) - ------------------------------------------------------------------------------------------------------- 33. TOTAL EQUITY $ 0 $(354,355) $(354,148) $(354,398) - ------------------------------------------------------------------------------------------------------- 34. TOTAL LIABILITIES & OWNERS' EQUITY $ 530,138 $(439,246) $(439,039) $(439,039) - -------------------------------------------------------------------------------------------------------
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 AUGUST 2000 SEPTEMBER 2000 TOTAL - ---------------------------------------------------------------------------------------------------- 1. GROSS REVENUES $ 6 $ 207 $ 0 $ 213 - ---------------------------------------------------------------------------------------------------- 2. LESS: RETURNS & DISCOUNTS $ 0 $ 0 $ 0 $ 0 - ---------------------------------------------------------------------------------------------------- 3. NET REVENUE $ 6 $ 207 $ 0 $ 213 - ---------------------------------------------------------------------------------------------------- COST OF GOODS SOLD - ---------------------------------------------------------------------------------------------------- 4. MATERIAL $ 0 $ 0 $ 0 $ 0 - ---------------------------------------------------------------------------------------------------- 5. DIRECT LABOR $ 0 $ 0 $ 0 $ 0 - ---------------------------------------------------------------------------------------------------- 6. DIRECT OVERHEAD $ 0 $ 0 $ 0 $ 0 - ---------------------------------------------------------------------------------------------------- 7. TOTAL COST OF GOODS SOLD $ 0 $ 0 $ 0 $ 0 - ---------------------------------------------------------------------------------------------------- 8. GROSS PROFIT $ 6 $ 207 $ 0 $ 213 - ---------------------------------------------------------------------------------------------------- OPERATING EXPENSES - ---------------------------------------------------------------------------------------------------- 9. OFFICER/INSIDER COMPENSATION $ 0 $ 0 $ 0 $ 0 - ---------------------------------------------------------------------------------------------------- 10. SELLING & MARKETING $ 0 $ 0 $ 0 $ 0 - ---------------------------------------------------------------------------------------------------- 11. GENERAL & ADMINISTRATIVE $ 0 $ 0 $ 0 $ 0 - ---------------------------------------------------------------------------------------------------- 12. RENT & LEASE $ 0 $ 0 $ 0 $ 0 - ---------------------------------------------------------------------------------------------------- 13. OTHER (ATTACH LIST) $ 0 $ 0 $ 0 $ 0 - ---------------------------------------------------------------------------------------------------- 14. TOTAL OPERATING EXPENSES $ 0 $ 0 $ 0 $ 0 - ---------------------------------------------------------------------------------------------------- 15. INCOME BEFORE NON-OPERATING INCOME & EXPENSE $ 6 $ 207 $ 0 $ 213 - ---------------------------------------------------------------------------------------------------- OTHER INCOME & EXPENSES - ---------------------------------------------------------------------------------------------------- 16. NON-OPERATING INCOME (ATT. LIST) $ 0 $ 0 $ 0 $ 0 - ---------------------------------------------------------------------------------------------------- 17. NON-OPERATING EXPENSE (ATT. LIST) $ 0 $ 0 $ 0 $ 0 - ---------------------------------------------------------------------------------------------------- 18. INTEREST EXPENSE $ 0 $ 0 $ 0 $ 0 - ---------------------------------------------------------------------------------------------------- 19. DEPRECIATION/DEPLETION $ 0 $ 0 $ 0 $ 0 - ---------------------------------------------------------------------------------------------------- 20. AMORTIZATION $ 0 $ 0 $ 0 $ 0 - ---------------------------------------------------------------------------------------------------- 21. OTHER (ATTACH LIST) $ 0 $ 0 $ 0 $ 0 - ---------------------------------------------------------------------------------------------------- 22. NET OTHER INCOME & EXPENSES $ 0 $ 0 $ 0 $ 0 - ---------------------------------------------------------------------------------------------------- REORGANIZATION EXPENSES - ---------------------------------------------------------------------------------------------------- 23. PROFESSIONAL FEES $ 0 $ 0 $ 0 $ 0 - ---------------------------------------------------------------------------------------------------- 24. U.S. TRUSTEE FEES $ 0 $ 0 $ 250 $ 250 - ---------------------------------------------------------------------------------------------------- 25. OTHER (ATTACH LIST) $ 0 $ 0 $ 0 $ 0 - ---------------------------------------------------------------------------------------------------- 26. TOTAL REORGANIZATION EXPENSES $ 0 $ 0 $ 250 $ 250 - ---------------------------------------------------------------------------------------------------- 27. INCOME TAX $ 0 $ 0 $ 0 $ 0 - ---------------------------------------------------------------------------------------------------- 28. NET PROFIT (LOSS) $ 6 $ 207 $ (250) $ (37) - ----------------------------------------------------------------------------------------------------
MONTHLY OPERATING REPORT CASE NAME: AMERICAN INTERNATIONAL TRAVEL, INC. ACCRUAL BASIS-3 CASE NUMBER: 400-42149-BJH-11 02/13/95, RWD, 2/96
MONTH MONTH MONTH CASH RECEIPTS AND -------------------------------------------------- QUARTER DISBURSEMENTS JULY 2000 AUGUST 2000 SEPTEMBER 2000 TOTAL - ------------------------------------------------------------------------------------------------------- 1. CASH-BEGINNING OF MONTH $ 0 $ 0 $ 0 $ 0 - ------------------------------------------------------------------------------------------------------- RECEIPTS FROM OPERATIONS - ------------------------------------------------------------------------------------------------------- 2. CASH SALES $ 0 $ 0 $ 0 $ 0 - ------------------------------------------------------------------------------------------------------- COLLECTION OF ACCOUNTS RECEIVABLE - ------------------------------------------------------------------------------------------------------- 3. PREPETITION $ 0 $ 0 $ 0 $ 0 - ------------------------------------------------------------------------------------------------------- 4. POSTPETITION $ 0 $ 0 $ 0 $ 0 - ------------------------------------------------------------------------------------------------------- 5. TOTAL OPERATING RECEIPTS $ 0 $ 0 $ 0 $ 0 - ------------------------------------------------------------------------------------------------------- NON-OPERATING RECEIPTS - ------------------------------------------------------------------------------------------------------- 6. LOANS & ADVANCES (ATTACH LIST) $ 0 $ 0 $ 0 $ 0 - ------------------------------------------------------------------------------------------------------- 7. SALE OF ASSETS $ 0 $ 0 $ 0 $ 0 - ------------------------------------------------------------------------------------------------------- 8. OTHER (ATTACH LIST) $ 0 $ 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 $ 0 - ------------------------------------------------------------------------------------------------------- 13. PAYROLL TAXES PAID $ 0 $ 0 $ 0 $ 0 - ------------------------------------------------------------------------------------------------------- 14. SALES, USE & OTHER TAXES PAID $ 0 $ 0 $ 0 $ 0 - ------------------------------------------------------------------------------------------------------- 15. SECURED/RENTAL/LEASES $ 0 $ 0 $ 0 $ 0 - ------------------------------------------------------------------------------------------------------- 16. UTILITIES $ 0 $ 0 $ 0 $ 0 - ------------------------------------------------------------------------------------------------------- 17. INSURANCE $ 0 $ 0 $ 0 $ 0 - ------------------------------------------------------------------------------------------------------- 18. INVENTORY PURCHASES $ 0 $ 0 $ 0 $ 0 - ------------------------------------------------------------------------------------------------------- 19. VEHICLE EXPENSES $ 0 $ 0 $ 0 $ 0 - ------------------------------------------------------------------------------------------------------- 20. TRAVEL $ 0 $ 0 $ 0 $ 0 - ------------------------------------------------------------------------------------------------------- 21. ENTERTAINMENT $ 0 $ 0 $ 0 $ 0 - ------------------------------------------------------------------------------------------------------- 22. REPAIRS & MAINTENANCE $ 0 $ 0 $ 0 $ 0 - ------------------------------------------------------------------------------------------------------- 23. SUPPLIES $ 0 $ 0 $ 0 $ 0 - ------------------------------------------------------------------------------------------------------- 24. ADVERTISING $ 0 $ 0 $ 0 $ 0 - ------------------------------------------------------------------------------------------------------- 25. OTHER (ATTACH LIST) $ 0 $ 0 $ 0 $ 0 - ------------------------------------------------------------------------------------------------------- 26. TOTAL OPERATING DISBURSEMENTS $ 0 $ 0 $ 0 $ 0 - ------------------------------------------------------------------------------------------------------- REORGANIZATION EXPENSES - ------------------------------------------------------------------------------------------------------- 27. PROFESSIONAL FEES $ 0 $ 0 $ 0 $ 0 - ------------------------------------------------------------------------------------------------------- 28. U.S. TRUSTEE FEES $ 0 $ 0 $ 0 $ 0 - ------------------------------------------------------------------------------------------------------- 29. OTHER (ATTACH LIST) $ 0 $ 0 $ 0 $ 0 - ------------------------------------------------------------------------------------------------------- 30. TOTAL REORGANIZATION EXPENSES $ 0 $ 0 $ 0 $ 0 - ------------------------------------------------------------------------------------------------------- 31. TOTAL DISBURSEMENTS $ 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
MONTH MONTH MONTH SCHEDULE ------------------------------------------------- ACCOUNTS RECEIVABLE AGING AMOUNT JULY 2000 AUGUST 2000 SEPTEMBER 2000 - ------------------------------------------------------------------------------------------------------ 1. 0-30 $ 0 $ 0 $ 0 $ 0 - ------------------------------------------------------------------------------------------------------ 2. 31-60 $ 0 $ 0 $ 0 $ 0 - ------------------------------------------------------------------------------------------------------ 3. 61-90 $ 0 $ 0 $ 0 $ 0 - ------------------------------------------------------------------------------------------------------ 4. 91+ $ 0 $ 0 $ 0 $ 0 - ------------------------------------------------------------------------------------------------------ 5. TOTAL ACCOUNTS RECEIVABLE $ 0 $ 0 $ 0 $ 0 - ------------------------------------------------------------------------------------------------------ 6. AMOUNT CONSIDERED UNCOLLECTIBLE $ 0 $ 0 $ 0 $ 0 - ------------------------------------------------------------------------------------------------------ 7. ACCOUNTS RECEIVABLE (NET) $ 0 $ 0 $ 0 $ 0 - ------------------------------------------------------------------------------------------------------ AGING OF POSTPETITION TAXES AND PAYABLES MONTH: September 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: September 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.
MONTH: September 2000 BANK RECONCILIATIONS Account #1 Account #2 Account #3 - ---------------------------------------------------------------------------------------------------- A. BANK: N/A - ---------------------------------------------------------------------------------------- TOTAL B. ACCOUNT NUMBER: - ---------------------------------------------------------------------------------------------------- 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: September 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: September 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: September 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. Income is reflected in July and August due to commissions being received on past services or refunds on trips cancelled prior to the filing of Bankruptcy. 3 28 All payments are made by Kitty Hawk, Inc. (Case #400-42141) CASE NAME: AMERICAN INTERNATIONAL TRAVEL, INC. CASE NUMBER: 400-42149-BJH-11 DETAILS OF OTHER ITEMS ACCRUAL BASIS-1 September 2000 8. OTHER (ATTACH LIST) (439,039)Reported ----------------------- Intercompany Settlements 1,382 A/R KH International (246,860) CDI Inter-divisional Balancing (196,142) CDI - Debit/Credit Transfer 2,581 ----------------------- (439,039)Detail ----------------------- - Difference 22. OTHER (ATTACH LIST) 250 Reported ----------------------- Accrued US Trustee Fees 250 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: SEPTEMBER 30, 2000 IN ACCORDANCE WITH TITLE 28, SECTION 1746, OF THE UNITED STATES CODE, I DECLARE UNDER PENALTY OF PERJURY THAT I HAVE EXAMINED THE FOLLOWING MONTHLY OPERATING REPORT (ACCRUAL BASIS-1 THROUGH ACCRUAL BASIS-7) AND THE ACCOMPANYING ATTACHMENTS AND, TO THE BEST OF MY KNOWLEDGE, THESE DOCUMENTS ARE TRUE, CORRECT AND COMPLETE. DECLARATION OF THE PREPARER (OTHER THAN RESPONSIBLE PARTY): IS BASED ON ALL INFORMATION OF WHICH PREPARER HAS ANY KNOWLEDGE. RESPONSIBLE PARTY: /s/ DREW KEITH CFO - --------------------------------------- ------------------------ ORIGINAL SIGNATURE OF RESPONSIBLE PARTY TITLE Drew Keith 10/20/00 - --------------------------------------- ------------------------ PRINTED NAME OF RESPONSIBLE PARTY DATE PREPARER: /s/ JESSICA L. WILSON Chief Accounting Officer - --------------------------------------- ------------------------ ORIGINAL SIGNATURE OF PREPARER TITLE Jessica L. Wilson 10/20/00 - --------------------------------------- ------------------------ 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 MONTH MONTH MONTH SCHEDULE --------------------------------------- ASSETS AMOUNT JULY 2000 AUGUST 2000 SEPTEMBER 2000 - ------------------------------------------------------------------------------------------------ 1. UNRESTRICTED CASH -- $ 0 $ 0 $ 0 - ------------------------------------------------------------------------------------------------ 2. RESTRICTED CASH -- $ 0 $ 0 $ 0 - ------------------------------------------------------------------------------------------------ 3. TOTAL CASH $ 0 $ 0 $ 0 $ 0 - ------------------------------------------------------------------------------------------------ 4. ACCOUNTS RECEIVABLE (NET) -- $ 20,742 $ 20,742 $ 20,742 - ------------------------------------------------------------------------------------------------ 5. INVENTORY -- $ 0 $ 0 $ 0 - ------------------------------------------------------------------------------------------------ 6. NOTES RECEIVABLE -- $ 0 $ 0 $ 0 - ------------------------------------------------------------------------------------------------ 7. PREPAID EXPENSES -- $ 0 $ 0 $ 0 - ------------------------------------------------------------------------------------------------ 8. OTHER (ATTACH LIST) $ 39,149 $ 1,224 $ 1,224 $ 1,224 - ------------------------------------------------------------------------------------------------ 9. TOTAL CURRENT ASSETS $ 39,149 $ 21,966 $ 21,966 $ 21,966 - ------------------------------------------------------------------------------------------------ 10. PROPERTY, PLANT & EQUIPMENT -- $ 0 $ 0 $ 0 - ------------------------------------------------------------------------------------------------ 11. LESS: ACCUMULATED DEPRECIATION/DEPLETION -- $ 0 $ 0 $ 0 - ------------------------------------------------------------------------------------------------ 12. NET PROPERTY, PLANT & EQUIPMENT $ 0 $ 0 $ 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 $ 39,149 $ 21,966 $ 21,966 $ 21,966 - ------------------------------------------------------------------------------------------------ POSTPETITION LIABILITIES - ------------------------------------------------------------------------------------------------ 17. ACCOUNTS PAYABLE -- $ 0 $ 0 $ 0 - ------------------------------------------------------------------------------------------------ 18. TAXES PAYABLE -- $ 0 $ 0 $ 0 - ------------------------------------------------------------------------------------------------ 19. NOTES PAYABLE -- $ 0 $ 0 $ 0 - ------------------------------------------------------------------------------------------------ 20. PROFESSIONAL FEES -- $ 0 $ 0 $ 0 - ------------------------------------------------------------------------------------------------ 21. SECURED DEBT -- $ 0 $ 0 $ 0 - ------------------------------------------------------------------------------------------------ 22. OTHER (ATTACH LIST) -- $ 0 $ 0 $ 250 - ------------------------------------------------------------------------------------------------ 23. TOTAL POSTPETITION LIABILITIES -- $ 0 $ 0 $ 250 - ------------------------------------------------------------------------------------------------ PREPETITION LIABILITIES - ------------------------------------------------------------------------------------------------ 24. SECURED DEBT -- $ 0 $ 0 $ 0 - ------------------------------------------------------------------------------------------------ 25. PRIORITY DEBT -- $ 0 $ 0 $ 0 - ------------------------------------------------------------------------------------------------ 26. UNSECURED DEBT -- $(16,740) $(16,740) $(16,740) - ------------------------------------------------------------------------------------------------ 27. OTHER (ATTACH LIST) -- $ 0 $ 0 $ 0 - ------------------------------------------------------------------------------------------------ 28. TOTAL PREPETITION LIABILITIES $ 0 $(16,740) $(16,740) $(16,740) - ------------------------------------------------------------------------------------------------ 29. TOTAL LIABILITIES $ 0 $(16,740) $(16,740) $(16,490) - ------------------------------------------------------------------------------------------------ EQUITY - ------------------------------------------------------------------------------------------------ 30. PREPETITION OWNERS' EQUITY -- $ 38,956 $ 38,956 $ 38,956 - ------------------------------------------------------------------------------------------------ 31. POSTPETITION CUMULATIVE PROFIT OR (LOSS) -- $ (250) $ (250) $ (500) - ------------------------------------------------------------------------------------------------ 32. DIRECT CHARGES TO EQUITY -- -- -- -- (ATTACH EXPLANATION) - ------------------------------------------------------------------------------------------------ 33. TOTAL EQUITY $ 0 $ 38,706 $ 38,706 $ 38,456 - ------------------------------------------------------------------------------------------------ 34. TOTAL LIABILITIES & OWNERS' EQUITY $ 0 $ 21,966 $ 21,966 $ 21,966 - ------------------------------------------------------------------------------------------------
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 AUGUST 2000 SEPTEMBER 2000 TOTAL - ----------------------------------------------------------------------------------------- 1. GROSS REVENUES $ 0 $ 0 $ 0 $ 0 - ----------------------------------------------------------------------------------------- 2. LESS: RETURNS &DISCOUNTS $ 0 $ 0 $ 0 $ 0 - ----------------------------------------------------------------------------------------- 3. NET REVENUE $ 0 $ 0 $ 0 $ 0 - ----------------------------------------------------------------------------------------- COST OF GOODS SOLD - ----------------------------------------------------------------------------------------- 4. MATERIAL $ 0 $ 0 $ 0 $ 0 - ----------------------------------------------------------------------------------------- 5. DIRECT LABOR $ 0 $ 0 $ 0 $ 0 - ----------------------------------------------------------------------------------------- 6. DIRECT OVERHEAD $ 0 $ 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 $ 0 - ----------------------------------------------------------------------------------------- 10. SELLING & MARKETING $ 0 $ 0 $ 0 $ 0 - ----------------------------------------------------------------------------------------- 11. GENERAL & ADMINISTRATIVE $ 0 $ 0 $ 0 $ 0 - ----------------------------------------------------------------------------------------- 12. RENT & LEASE $ 0 $ 0 $ 0 $ 0 - ----------------------------------------------------------------------------------------- 13. OTHER (ATTACH LIST) $ 0 $ 0 $ 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 $ 0 $ 0 - ----------------------------------------------------------------------------------------- 17. NON-OPERATING EXPENSE (ATT. LIST) $ 0 $ 0 $ 0 $ 0 - ----------------------------------------------------------------------------------------- 18. INTEREST EXPENSE $ 0 $ 0 $ 0 $ 0 - ----------------------------------------------------------------------------------------- 19. DEPRECIATION/DEPLETION $ 0 $ 0 $ 0 $ 0 - ----------------------------------------------------------------------------------------- 20. AMORTIZATION $ 0 $ 0 $ 0 $ 0 - ----------------------------------------------------------------------------------------- 21. OTHER (ATTACH LIST) $ 0 $ 0 $ 0 $ 0 - ----------------------------------------------------------------------------------------- 22. NET OTHER INCOME & EXPENSES $ 0 $ 0 $ 0 $ 0 - ----------------------------------------------------------------------------------------- REORGANIZATION EXPENSES - ----------------------------------------------------------------------------------------- 23. PROFESSIONAL FEES $ 0 $ 0 $ 0 $ 0 - ----------------------------------------------------------------------------------------- 24. U.S. TRUSTEE FEES $ 0 $ 0 $ 250 $ 250 - ----------------------------------------------------------------------------------------- 25. OTHER (ATTACH LIST) $ 0 $ 0 $ 0 $ 0 - ----------------------------------------------------------------------------------------- 26. TOTAL REORGANIZATION EXPENSES $ 0 $ 0 $ 250 $ 250 - ----------------------------------------------------------------------------------------- 27. INCOME TAX $ 0 $ 0 $ 0 $ 0 - ----------------------------------------------------------------------------------------- 28. NET PROFIT (LOSS) $ 0 $ 0 $(250) $(250) - -----------------------------------------------------------------------------------------
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 AUGUST 2000 SEPTEMBER 2000 TOTAL - ------------------------------------------------------------------------------------------- 1. CASH - BEGINNING OF MONTH $0 $0 $0 $0 - ------------------------------------------------------------------------------------------- RECEIPTS FROM OPERATIONS - ------------------------------------------------------------------------------------------- 2. CASH SALES $0 $0 $0 $0 - ------------------------------------------------------------------------------------------- COLLECTION OF ACCOUNTS RECEIVABLE - ------------------------------------------------------------------------------------------- 3. PREPETITION $0 $0 $0 $0 - ------------------------------------------------------------------------------------------- 4. POSTPETITION $0 $0 $0 $0 - ------------------------------------------------------------------------------------------- 5. TOTAL OPERATING RECEIPTS $0 $0 $0 $0 - ------------------------------------------------------------------------------------------- NON-OPERATING RECEIPTS - ------------------------------------------------------------------------------------------- 6. LOANS & ADVANCES (ATTACH LIST) $0 $0 $0 $0 - ------------------------------------------------------------------------------------------- 7. SALE OF ASSETS $0 $0 $0 $0 - ------------------------------------------------------------------------------------------- 8. OTHER (ATTACH LIST) $0 $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 $0 - ------------------------------------------------------------------------------------------- 13. PAYROLL TAXES PAID $0 $0 $0 $0 - ------------------------------------------------------------------------------------------- 14. SALES, USE & OTHER TAXES PAID $0 $0 $0 $0 - ------------------------------------------------------------------------------------------- 15. SECURED/RENTAL/LEASES $0 $0 $0 $0 - ------------------------------------------------------------------------------------------- 16. UTILITIES $0 $0 $0 $0 - ------------------------------------------------------------------------------------------- 17. INSURANCE $0 $0 $0 $0 - ------------------------------------------------------------------------------------------- 18. INVENTORY PURCHASES $0 $0 $0 $0 - ------------------------------------------------------------------------------------------- 19. VEHICLE EXPENSES $0 $0 $0 $0 - ------------------------------------------------------------------------------------------- 20. TRAVEL $0 $0 $0 $0 - ------------------------------------------------------------------------------------------- 21. ENTERTAINMENT $0 $0 $0 $0 - ------------------------------------------------------------------------------------------- 22. REPAIRS & MAINTENANCE $0 $0 $0 $0 - ------------------------------------------------------------------------------------------- 23. SUPPLIES $0 $0 $0 $0 - ------------------------------------------------------------------------------------------- 24. ADVERTISING $0 $0 $0 $0 - ------------------------------------------------------------------------------------------- 25. OTHER (ATTACH LIST) $0 $0 $0 $0 - ------------------------------------------------------------------------------------------- 26. TOTAL OPERATING DISBURSEMENTS $0 $0 $0 $0 - ------------------------------------------------------------------------------------------- REORGANIZATION EXPENSES - ------------------------------------------------------------------------------------------- 27. PROFESSIONAL FEES $0 $0 $0 $0 - ------------------------------------------------------------------------------------------- 28. U.S. TRUSTEE FEES $0 $0 $0 $0 - ------------------------------------------------------------------------------------------- 29. OTHER (ATTACH LIST) $0 $0 $0 $0 - ------------------------------------------------------------------------------------------- 30. TOTAL REORGANIZATION EXPENSES $0 $0 $0 $0 - ------------------------------------------------------------------------------------------- 31. TOTAL DISBURSEMENTS $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
MONTH MONTH MONTH SCHEDULE --------------------------------------------- ACCOUNTS RECEIVABLE AGING AMOUNT July 2000 August 2000 September 2000 - ----------------------------------------------------------------------------------------------------------- 1. 0-30 -- $ 0 $ 0 $ 0 - ----------------------------------------------------------------------------------------------------------- 2. 31-60 -- $ 0 $ 0 $ 0 - ----------------------------------------------------------------------------------------------------------- 3. 61-90 -- $ 0 $ 0 $ 0 - ----------------------------------------------------------------------------------------------------------- 4. 91+ -- $20,742 $20,742 $20,742 - ----------------------------------------------------------------------------------------------------------- 5. TOTAL ACCOUNTS RECEIVABLE $ 0 $20,742 $20,742 $20,742 - ----------------------------------------------------------------------------------------------------------- 6. AMOUNT CONSIDERED UNCOLLECTIBLE -- $ 0 $ 0 $ 0 - ----------------------------------------------------------------------------------------------------------- 7. ACCOUNTS RECEIVABLE (NET) $ 0 $20,742 $20,742 $20,742 - ----------------------------------------------------------------------------------------------------------- AGING OF POSTPETITION TAXES AND PAYABLES MONTH: September 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: September 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.
MONTH: September 2000 BANK RECONCILIATIONS ACCOUNT #1 ACCOUNT #2 ACCOUNT #3 - ---------------------------------------------------------------------------------------- A. BANK: N/A - - - ---------------------------------------------------------------------------------------- B. ACCOUNT NUMBER: N/A - - TOTAL - ---------------------------------------------------------------------------------------- C. PURPOSE (TYPE): N/A - - - ---------------------------------------------------------------------------------------- 1. BALANCE PER BANK STATEMENT $0 - - - - ---------------------------------------------------------------------------------------- 2. ADD: TOTAL DEPOSITS NOT CREDITED $0 - - - - ---------------------------------------------------------------------------------------- 3. SUBTRACT: OUTSTANDING CHECKS $0 - - - - ---------------------------------------------------------------------------------------- 4. OTHER RECONCILING ITEMS $0 - - - - ---------------------------------------------------------------------------------------- 5. MONTH END BALANCE PER BOOKS $0 $0 $0 $0 - ---------------------------------------------------------------------------------------- 6. NUMBER OF LAST CHECK WRITTEN - - - - - ---------------------------------------------------------------------------------------- INVESTMENT ACCOUNTS DATE OF TYPE OF PURCHASE CURRENT BANK, ACCOUNT NAME & NUMBER PURCHASE INSTRUMENT PRICE VALUE - ---------------------------------------------------------------------------------------- 7. N/A - - - - - ---------------------------------------------------------------------------------------- 8. N/A - - - - - ---------------------------------------------------------------------------------------- 9. N/A - - - - - ---------------------------------------------------------------------------------------- 10. N/A - - - - - ---------------------------------------------------------------------------------------- 11. TOTAL INVESTMENTS - - $0 $0 - ---------------------------------------------------------------------------------------- CASH - ---------------------------------------------------------------------------------------- 12. CURRENCY ON HAND - - - $0 - ---------------------------------------------------------------------------------------- 13. TOTAL CASH - END 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: September 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: September 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: September 2000 ACCRUAL BASIS LINE NUMBER FOOTNOTE/EXPLANATION FORM NUMBER - -------------------------------------------------------------------------------- 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) - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- CASE NAME: FLIGHT ONE LOGISTICS, INC. CASE NUMBER: 400-42069-BJH DETAILS OF OTHER ITEMS ACCRUAL BASIS-1 SEPTEMBER 2000 8. OTHER (ATTACH LIST) $ 1,224 Reported ---------- Intercompany Receivables 1,224 Detail ---------- - Difference 22. OTHER (ATTACH LIST) $ 250 Reported ---------- Accrued US Trustee Fees 250 Detail ---------- - Difference -----END PRIVACY-ENHANCED MESSAGE-----