-----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, NTys2P13UuSoH+aOx+BP7SmxqHy+lLVgJSiV34BtQYHdZemGM+lwGTtCvnpDjcCD RSMaWWdYVGJHry/BzfiDhA== 0000890566-01-000101.txt : 20010209 0000890566-01-000101.hdr.sgml : 20010209 ACCESSION NUMBER: 0000890566-01-000101 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 11 CONFORMED PERIOD OF REPORT: 20001220 ITEM INFORMATION: ITEM INFORMATION: FILED AS OF DATE: 20010208 FILER: COMPANY DATA: COMPANY CONFORMED NAME: KITTY HAWK INC CENTRAL INDEX KEY: 0000932110 STANDARD INDUSTRIAL CLASSIFICATION: AIR TRANSPORTATION, NONSCHEDULED [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: 1528334 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): February 1, 2001 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 75261 (Address of principal (Zip Code) executive offices) 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 December 31, 2000 that the Company filed with the United States Bankruptcy Court for the Northern District of Texas, Fort Worth Division on February 1, 2001 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 December 31, 2000 (1) 99.2 Monthly Operating Report for Kitty Hawk Aircargo, Inc. for the Period Ended December 31, 2000 (1) 99.3 Monthly Operating Report for Kitty Hawk Charters, Inc. for the Period Ended December 31, 2000 (1) 99.4 Monthly Operating Report for Kitty Hawk International, Inc. for the Period Ended December 31, 2000 (1) 99.5 Monthly Operating Report for Kitty Hawk Cargo, Inc. for the Period Ended December 31, 2000 (1) 99.6 Monthly Operating Report for O.K. Turbines, Inc. for the Period Ended December 31, 2000 (1) 99.7 Monthly Operating Report for Longhorn Solutions, Inc. for the Period Ended December 31, 2000 (1) 99.8 Monthly Operating Report for Aircraft Leasing, Inc. for the Period Ended December 31, 2000 (1) 99.9 Monthly Operating Report for American International Travel, Inc. for the Period Ended December 31, 2000 (1) 99.10 Monthly Operating Report for Flight One Logistics, Inc. for the Period Ended December 31, 2000 (1) -------------------------- (1) The Company agrees to furnish supplementally a copy of any omitted schedule or similar attachment to the Commission upon its request. SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the Company has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized. KITTY HAWK, INC. Date: February 8, 2001 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 December 31, 2000 99.2 Monthly Operating Report for Kitty Hawk Aircargo, Inc. for the Period Ended December 31, 2000 99.3 Monthly Operating Report for Kitty Hawk Charters Inc. for the Period Ended December 31, 2000 99.4 Monthly Operating Report for Kitty Hawk International Inc. for the Period Ended December 31, 2000 99.5 Monthly Operating Report for Kitty Hawk Cargo, Inc. for the Period Ended December 31, 2000 99.6 Monthly Operating Report for OK Turbines, Inc. for the Period Ended December 31, 2000 99.7 Monthly Operating Report for Longhorn Solutions, Inc. for the Period Ended December 31, 2000 99.8 Monthly Operating Report for Aircraft Leasing, Inc. for the Period Ended December 31, 2000 99.9 Monthly Operating Report for American International Travel, Inc. for the Period Ended December 31, 2000 99.10 Monthly Operating Report for Flight One Logistics, Inc. for the Period Ended December 31, 2000 EX-99.1 2 0002.txt EXHIBIT 99.1 MONTHLY OPERATING REPORT - --------------------------- CASE NAME: KITTY HAWK, INC. ACCRUAL BASIS - --------------------------- CASE NUMBER: 400-42141-BJH 02/13/95, RWD, 2/96 - --------------------------- JUDGE: BARBARA J. HOUSER - --------------------------- UNITED STATES BANKRUPTCY COURT NORTHERN DISTRICT OF TEXAS SIXTH DIVISION MONTHLY OPERATING REPORT MONTH ENDING: DECEMBER 31, 2000 IN ACCORDANCE WITH TITLE 28, SECTION 1746, OF THE UNITED STATES CODE, I DECLARE UNDER PENALTY OF PERJURY THAT I HAVE EXAMINED THE FOLLOWING MONTHLY OPERATING REPORT (ACCRUAL BASIS-1 THROUGH ACCRUAL BASIS-7) AND THE ACCOMPANYING ATTACHMENTS AND, TO THE BEST OF MY KNOWLEDGE, THESE DOCUMENTS ARE TRUE, CORRECT AND COMPLETE. DECLARATION OF THE PREPARER (OTHER THAN RESPONSIBLE PARTY): IS BASED ON ALL INFORMATION OF WHICH PREPARER HAS ANY KNOWLEDGE. RESPONSIBLE PARTY: /s/ DREW KEITH Chief Financial Officer - --------------------------------------- ------------------------ ORIGINAL SIGNATURE OF RESPONSIBLE PARTY TITLE Drew Keith 1/31/01 - --------------------------------------- ------------------------ PRINTED NAME OF RESPONSIBLE PARTY DATE PREPARER: /s/ JESSICA L. WILSON Chief Accounting Officer - --------------------------------------- ------------------------ ORIGINAL SIGNATURE OF PREPARER TITLE Jessica L. Wilson 1/31/01 - --------------------------------------- ------------------------ PRINTED NAME OF PREPARER DATE MONTHLY OPERATING REPORT - ---------------------------- CASE NAME: KITTY HAWK, INC. ACCRUAL BASIS-1 - ---------------------------- CASE NUMBER: 400-42141-BJH 02/13/95, RWD, 2/96 - ----------------------------
- ---------------------------- COMPARATIVE BALANCE SHEET - --------------------------------------------------------------------------------------------------------------------------------- SCHEDULE MONTH MONTH MONTH ----------------------------------------------------------------- ASSETS AMOUNT October 2000 November 2000 December 2000 - --------------------------------------------------------------------------------------------------------------------------------- 1. UNRESTRICTED CASH $13,401,586 $26,505,479 $30,037,340 $14,294,580 - --------------------------------------------------------------------------------------------------------------------------------- 2. RESTRICTED CASH $0 $0 $0 - --------------------------------------------------------------------------------------------------------------------------------- 3. TOTAL CASH $13,401,586 $26,505,479 $30,037,340 $14,294,580 - --------------------------------------------------------------------------------------------------------------------------------- 4. ACCOUNTS RECEIVABLE (NET) ($12,018,737) ($12,013,389) ($12,622,921) - --------------------------------------------------------------------------------------------------------------------------------- 5. INVENTORY ($1,016,667) ($1,016,667) ($1,016,667) - --------------------------------------------------------------------------------------------------------------------------------- 6. NOTES RECEIVABLE $15,000 $15,000 $15,000 $15,000 - --------------------------------------------------------------------------------------------------------------------------------- 7. PREPAID EXPENSES $251,751 $314,196 $467,214 - --------------------------------------------------------------------------------------------------------------------------------- 8. OTHER (ATTACH LIST) $422,186,692 $374,571,580 $369,049,129 $375,493,723 - --------------------------------------------------------------------------------------------------------------------------------- 9. TOTAL CURRENT ASSETS $435,603,278 $388,308,406 $386,385,609 $376,630,929 - --------------------------------------------------------------------------------------------------------------------------------- 10. PROPERTY, PLANT & EQUIPMENT $2,425,652 $2,865,674 $2,865,674 $2,865,674 - --------------------------------------------------------------------------------------------------------------------------------- 11. LESS: ACCUMULATED DEPRECIATION / DEPLETION $728,655 $776,990 $825,325 - --------------------------------------------------------------------------------------------------------------------------------- 12. NET PROPERTY, PLANT & EQUIPMENT $2,425,652 $2,137,019 $2,088,684 $2,040,349 - --------------------------------------------------------------------------------------------------------------------------------- 13. DUE FROM INSIDERS $62,465 $219,367 $219,367 $0 - --------------------------------------------------------------------------------------------------------------------------------- 14. OTHER ASSETS - NET OF AMORTIZATION (ATTACH LIST) $10,967,208 $10,323,664 $10,238,480 $9,861,622 - --------------------------------------------------------------------------------------------------------------------------------- 15. OTHER (ATTACH LIST) $138,370,015 $138,370,015 $138,370,015 $138,370,015 - --------------------------------------------------------------------------------------------------------------------------------- 16. TOTAL ASSETS $587,428,618 $539,358,471 $537,302,155 $526,902,915 - --------------------------------------------------------------------------------------------------------------------------------- POSTPETITION LIABILITIES - --------------------------------------------------------------------------------------------------------------------------------- 17. ACCOUNTS PAYABLE $4,327,276 $4,476,335 $111,253 - --------------------------------------------------------------------------------------------------------------------------------- 18. TAXES PAYABLE $0 $0 $0 - --------------------------------------------------------------------------------------------------------------------------------- 19. NOTES PAYABLE $0 $0 $0 - --------------------------------------------------------------------------------------------------------------------------------- 20. PROFESSIONAL FEES $750,202 $602,470 $588,819 - --------------------------------------------------------------------------------------------------------------------------------- 21. SECURED DEBT $0 $0 $0 - --------------------------------------------------------------------------------------------------------------------------------- 22. OTHER (ATTACH LIST) $549,498 $1,070,244 $2,565,708 - --------------------------------------------------------------------------------------------------------------------------------- 23. TOTAL POSTPETITION LIABILITIES $5,626,976 $6,149,049 $3,265,780 - --------------------------------------------------------------------------------------------------------------------------------- PREPETITION LIABILITIES - --------------------------------------------------------------------------------------------------------------------------------- 24. SECURED DEBT $466,119,468 $397,279,348 $394,700,959 $393,783,505 - --------------------------------------------------------------------------------------------------------------------------------- 25. PRIORITY DEBT $29,661 $0 $0 $0 - --------------------------------------------------------------------------------------------------------------------------------- 26. UNSECURED DEBT $22,580,547 $2,232,269 $2,232,269 $2,232,269 - --------------------------------------------------------------------------------------------------------------------------------- 27. OTHER (ATTACH LIST) $0 $35,319,820 $35,319,820 $29,163,394 - --------------------------------------------------------------------------------------------------------------------------------- 28. TOTAL PREPETITION LIABILITIES $488,729,676 $434,831,437 $432,253,048 $425,179,168 - --------------------------------------------------------------------------------------------------------------------------------- 29. TOTAL LIABILITIES $488,729,676 $440,458,413 $438,402,097 $428,444,948 - --------------------------------------------------------------------------------------------------------------------------------- EQUITY - --------------------------------------------------------------------------------------------------------------------------------- 30. PREPETITION OWNERS' EQUITY $98,899,692 $98,899,692 $98,457,967 - --------------------------------------------------------------------------------------------------------------------------------- 31. POSTPETITION CUMULATIVE PROFIT OR (LOSS) $366 $366 $0 - --------------------------------------------------------------------------------------------------------------------------------- 32. DIRECT CHARGES TO EQUITY (ATTACH EXPLANATION) - --------------------------------------------------------------------------------------------------------------------------------- 33. TOTAL EQUITY $0 $98,900,058 $98,900,058 $98,457,967 - --------------------------------------------------------------------------------------------------------------------------------- 34. TOTAL LIABILITIES & OWNERS' EQUITY $488,729,676 $539,358,471 $537,302,155 $526,902,915 - ---------------------------------------------------------------------------------------------------------------------------------
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 October 2000 November 2000 December 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 $74,167 $74,167 $74,166 $222,500 - ------------------------------------------------------------------------------------------------------------------------------ 10. SELLING & MARKETING $0 $0 $0 $0 - ------------------------------------------------------------------------------------------------------------------------------ 11. GENERAL & ADMINISTRATIVE ($1,487,880) ($1,473,330) ($2,947,228) ($5,908,438) - ------------------------------------------------------------------------------------------------------------------------------ 12. RENT & LEASE $23,392 $23,841 $23,726 $70,959 - ------------------------------------------------------------------------------------------------------------------------------ 13. OTHER (ATTACH LIST) $0 $0 $0 $0 - ------------------------------------------------------------------------------------------------------------------------------ 14. TOTAL OPERATING EXPENSES ($1,390,321) ($1,375,322) ($2,849,336) ($5,614,979) - ------------------------------------------------------------------------------------------------------------------------------ 15. INCOME BEFORE NON-OPERATING INCOME & EXPENSE $1,390,321 $1,375,322 $2,849,336 $5,614,979 - ------------------------------------------------------------------------------------------------------------------------------ OTHER INCOME & EXPENSES - ------------------------------------------------------------------------------------------------------------------------------ 16. NON-OPERATING INCOME (ATT. LIST) ($210,756) ($212,300) ($66,464) ($489,520) - ------------------------------------------------------------------------------------------------------------------------------ 17. NON-OPERATING EXPENSE (ATT. LIST) $0 $0 $0 $0 - ------------------------------------------------------------------------------------------------------------------------------ 18. INTEREST EXPENSE $118,550 $120,732 ($316,775) ($77,493) - ------------------------------------------------------------------------------------------------------------------------------ 19. DEPRECIATION / DEPLETION $48,335 $48,335 $86,172 $182,842 - ------------------------------------------------------------------------------------------------------------------------------ 20. AMORTIZATION $91,567 $91,567 $383,241 $566,375 - ------------------------------------------------------------------------------------------------------------------------------ 21. OTHER (ATTACH LIST) $0 $0 $50,322 $50,322 - ------------------------------------------------------------------------------------------------------------------------------ 22. NET OTHER INCOME & EXPENSES $47,696 $48,334 $136,496 $232,526 - ------------------------------------------------------------------------------------------------------------------------------ REORGANIZATION EXPENSES - ------------------------------------------------------------------------------------------------------------------------------ 23. PROFESSIONAL FEES $1,339,183 $1,326,988 $2,703,209 $5,369,380 - ------------------------------------------------------------------------------------------------------------------------------ 24. U.S. TRUSTEE FEES $0 $0 $10,000 $10,000 - ------------------------------------------------------------------------------------------------------------------------------ 25. OTHER (ATTACH LIST) $0 $0 $0 $0 - ------------------------------------------------------------------------------------------------------------------------------ 26. TOTAL REORGANIZATION EXPENSES $1,339,183 $1,326,988 $2,713,209 $5,379,380 - ------------------------------------------------------------------------------------------------------------------------------ 27. INCOME TAX $0 $0 $0 $0 - ------------------------------------------------------------------------------------------------------------------------------ 28. NET PROFIT (LOSS) $3,442 $0 ($369) $3,073 - ------------------------------------------------------------------------------------------------------------------------------
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 October 2000 November 2000 December 2000 TOTAL - --------------------------------------------------------------------------------------------------------------------------------- 1. CASH - BEGINNING OF MONTH $47,704,367 $26,505,479 $30,037,340 $47,704,367 - --------------------------------------------------------------------------------------------------------------------------------- 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) $40,609,783 $36,330,003 $34,035,656 $110,975,442 - --------------------------------------------------------------------------------------------------------------------------------- 9. TOTAL NON-OPERATING RECEIPTS $40,609,783 $36,330,003 $34,035,656 $110,975,442 - --------------------------------------------------------------------------------------------------------------------------------- 10. TOTAL RECEIPTS $40,609,783 $36,330,003 $34,035,656 $110,975,442 - --------------------------------------------------------------------------------------------------------------------------------- 11. TOTAL CASH AVAILABLE $88,314,150 $62,835,482 $64,072,996 $158,679,809 - --------------------------------------------------------------------------------------------------------------------------------- OPERATING DISBURSEMENTS - --------------------------------------------------------------------------------------------------------------------------------- 12. NET PAYROLL $3,689,834 $3,710,527 $6,702,775 $14,103,136 - --------------------------------------------------------------------------------------------------------------------------------- 13. PAYROLL TAXES PAID $1,489,055 $1,334,248 $2,707,170 $5,530,473 - --------------------------------------------------------------------------------------------------------------------------------- 14. SALES, USE & OTHER TAXES PAID $52,471 $4,065 $51,653 $108,189 - --------------------------------------------------------------------------------------------------------------------------------- 15. SECURED / RENTAL / LEASES $28,847,318 $5,428,055 $6,509,184 $40,784,557 - --------------------------------------------------------------------------------------------------------------------------------- 16. UTILITIES $310,409 $195,743 $61,857 $568,009 - --------------------------------------------------------------------------------------------------------------------------------- 17. INSURANCE $1,042,709 $560,109 $1,353,107 $2,955,925 - --------------------------------------------------------------------------------------------------------------------------------- 18. INVENTORY PURCHASES $0 $0 $0 $0 - --------------------------------------------------------------------------------------------------------------------------------- 19. VEHICLE EXPENSES $0 $0 $0 $0 - --------------------------------------------------------------------------------------------------------------------------------- 20. TRAVEL $1,258,052 $957,926 $1,289,528 $3,505,506 - --------------------------------------------------------------------------------------------------------------------------------- 21. ENTERTAINMENT $0 $0 $0 $0 - --------------------------------------------------------------------------------------------------------------------------------- 22. REPAIRS & MAINTENANCE $5,630,183 $5,253,772 $4,335,164 $15,219,119 - --------------------------------------------------------------------------------------------------------------------------------- 23. SUPPLIES $65,342 $49,273 $0 $114,615 - --------------------------------------------------------------------------------------------------------------------------------- 24. ADVERTISING $5,568 $4,248 $8,303 $18,119 - --------------------------------------------------------------------------------------------------------------------------------- 25. OTHER (ATTACH LIST) $18,009,360 $14,486,456 $24,755,983 $57,251,799 - --------------------------------------------------------------------------------------------------------------------------------- 26. TOTAL OPERATING DISBURSEMENTS $60,400,301 $31,984,422 $47,774,724 $140,159,447 - --------------------------------------------------------------------------------------------------------------------------------- REORGANIZATION EXPENSES - --------------------------------------------------------------------------------------------------------------------------------- 27. PROFESSIONAL FEES $1,392,870 $813,720 $2,003,692 $4,210,282 - --------------------------------------------------------------------------------------------------------------------------------- 28. U.S. TRUSTEE FEES $15,500 $0 $0 $15,500 - --------------------------------------------------------------------------------------------------------------------------------- 29. OTHER (ATTACH LIST) $0 $0 $0 $0 - --------------------------------------------------------------------------------------------------------------------------------- 30. TOTAL REORGANIZATION EXPENSES $1,408,370 $813,720 $2,003,692 $4,225,782 - --------------------------------------------------------------------------------------------------------------------------------- 31. TOTAL DISBURSEMENTS $61,808,671 $32,798,142 $49,778,416 $144,385,229 - --------------------------------------------------------------------------------------------------------------------------------- 32. NET CASH FLOW ($21,198,888) $3,531,861 ($15,742,760) ($33,409,787) - --------------------------------------------------------------------------------------------------------------------------------- 33. CASH - END OF MONTH $26,505,479 $30,037,340 $14,294,580 $14,294,580 - ---------------------------------------------------------------------------------------------------------------------------------
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 October 2000 November 2000 December 2000 - ---------------------------------------------------------------------------------------------------------------------------- 1. 0-30 $0 $0 $63,947 - ---------------------------------------------------------------------------------------------------------------------------- 2. 31-60 $0 $0 $0 - ---------------------------------------------------------------------------------------------------------------------------- 3. 61-90 $0 $0 $0 - ---------------------------------------------------------------------------------------------------------------------------- 4. 91+ $0 $0 $0 - ---------------------------------------------------------------------------------------------------------------------------- 5. TOTAL ACCOUNTS RECEIVABLE $0 $0 $0 $63,947 - ---------------------------------------------------------------------------------------------------------------------------- 6. AMOUNT CONSIDERED UNCOLLECTIBLE $12,018,737 $12,013,389 $12,686,868 - ---------------------------------------------------------------------------------------------------------------------------- 7. ACCOUNTS RECEIVABLE (NET) $0 ($12,018,737) ($12,013,389) ($12,622,921) - ---------------------------------------------------------------------------------------------------------------------------- - --------------------------------------------------------------------------------- AGING OF POSTPETITION TAXES AND PAYABLES MONTH: December 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 ($21,016) $252,463 ($54,152) ($66,042) $111,253 - ----------------------------------------------------------------------------------------------------------------------------------- - --------------------------------------------------------------- STATUS OF POSTPETITION TAXES MONTH: December 2000 - ---------------------------------------------------------------------------------------------------------------------------------- BEGINNING AMOUNT ENDING TAX WITHHELD AND/ AMOUNT TAX FEDERAL LIABILITY* 0R ACCRUED PAID LIABILITY - ---------------------------------------------------------------------------------------------------------------------------------- 1. WITHHOLDING** $0 $109,832 $109,832 $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 $109,832 $109,832 $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 $109,832 $109,832 $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: December 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 $639,784 $61,322 $403,662 $1,372,291 - ------------------------------------------------------------------------------------------------------------------------------- 2. ADD: TOTAL DEPOSITS NOT CREDITED $0 $0 $0 $0 - ------------------------------------------------------------------------------------------------------------------------------- 3. SUBTRACT: OUTSTANDING CHECKS $4,059,961 $0 $0 $4,288,572 - ------------------------------------------------------------------------------------------------------------------------------- 4. OTHER RECONCILING ITEMS $19,509 $0 $0 $19,509 - ------------------------------------------------------------------------------------------------------------------------------- 5. MONTH END BALANCE PER BOOKS ($3,400,668) $61,322 $403,662 ($2,935,684) - ------------------------------------------------------------------------------------------------------------------------------- 6. NUMBER OF LAST CHECK WRITTEN No checks 22180 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 $205,115 - ------------------------------------------------------------------------------------------------------------------------------- 8. Bank One 12/31/00 Overnight Sweep $16,985,237 $16,985,237 - ------------------------------------------------------------------------------------------------------------------------------- 9. N/A - ------------------------------------------------------------------------------------------------------------------------------- 10. N/A - ------------------------------------------------------------------------------------------------------------------------------- 11. TOTAL INVESTMENTS $17,185,237 $17,190,352 - ------------------------------------------------------------------------------------------------------------------------------- - -------------------------------------------- CASH - ------------------------------------------------------------------------------------------------------------------------------- 12. CURRENCY ON HAND $1,000 - ------------------------------------------------------------------------------------------------------------------------------- 13. TOTAL CASH - END OF MONTH $14,294,580 - -------------------------------------------------------------------------------------------------------------------------------
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: December 2000 - ----------------------------------------------------------------------------------------------------------------------------- BANK RECONCILIATIONS Account #4 Account #5 Account #6 - ----------------------------------------------------------------------------------------------------------------------------- A. BANK: Bank One Bank One Bank One - ------------------------------------------------------------------------------------------------------------ B. ACCOUNT NUMBER: 1570695922 100129949/931995845 1586268961 TOTAL - ------------------------------------------------------------------------------------------------------------ C. PURPOSE (TYPE): Payroll Health Insurance Flex Spending - ----------------------------------------------------------------------------------------------------------------------------- 1. BALANCE PER BANK STATEMENT $0 $228,611 $38,912 $267,523 - ----------------------------------------------------------------------------------------------------------------------------- 2. ADD: TOTAL DEPOSITS NOT CREDITED $0 $0 $0 $0 - ----------------------------------------------------------------------------------------------------------------------------- 3. SUBTRACT: OUTSTANDING CHECKS $0 $228,611 $0 $228,611 - ----------------------------------------------------------------------------------------------------------------------------- 4. OTHER RECONCILING ITEMS $0 $0 $0 $0 - ----------------------------------------------------------------------------------------------------------------------------- 5. MONTH END BALANCE PER BOOKS $0 $0 $38,912 $38,912 - ----------------------------------------------------------------------------------------------------------------------------- 6. NUMBER OF LAST CHECK WRITTEN 71390 142963 1161 - ----------------------------------------------------------------------------------------------------------------------------- - -------------------------------------------------------- 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 $38,912 - -------------------------------------------------------------------------------------------------------------------------------
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: December 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 2110 - -------------------------------------------------------------------------------------------------------------- - -------------------------------------------- INVESTMENT ACCOUNTS - -------------------------------------------------------------------------------------------------------------- DATE OF TYPE OF PURCHASE CURRENT BANK, ACCOUNT NAME & NUMBER PURCHASE INSTRUMENT PRICE VALUE - -------------------------------------------------------------------------------------------------------------- 7. - -------------------------------------------------------------------------------------------------------------- 8. - -------------------------------------------------------------------------------------------------------------- 9. - -------------------------------------------------------------------------------------------------------------- 10. - -------------------------------------------------------------------------------------------------------------- 11. TOTAL INVESTMENTS $0 $0 - -------------------------------------------------------------------------------------------------------------- - -------------------------------------------- CASH - -------------------------------------------------------------------------------------------------------------- 12. CURRENCY ON HAND - -------------------------------------------------------------------------------------------------------------- 13. TOTAL CASH - END OF MONTH $0 - --------------------------------------------------------------------------------------------------------------
MONTHLY OPERATING REPORT - ------------------------------- CASE NAME: KITTY HAWK, INC. ACCRUAL BASIS-6 - ------------------------------- CASE NUMBER: 400-42141-BJH 02/13/95, RWD, 2/96 - ------------------------------- MONTH: December 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 $7,916 $58,334 - ------------------------------------------------------------------------------- 2. Jim Craig Salary $16,667 $133,336 - ------------------------------------------------------------------------------- 3. Janie Garrard Salary $0 $2,625 - ------------------------------------------------------------------------------- 4. Drew Keith Salary $16,250 $136,462 - ------------------------------------------------------------------------------- 5 Lena Baker Salary $0 $7,500 - ------------------------------------------------------------------------------- 6 Jim Reeves Salary $33,333 $266,664 - ------------------------------------------------------------------------------- 7 John Turnipseed Salary $0 $41,668 - ------------------------------------------------------------------------------- 8 TOTAL PAYMENTS TO INSIDERS $74,166 $646,589 - -------------------------------------------------------------------------------
- ---------------------------------------------------------------------------------------------------------------------------- PROFESSIONALS - ---------------------------------------------------------------------------------------------------------------------------- DATE OF COURT TOTAL ORDER AUTHORIZING AMOUNT AMOUNT TOTAL PAID INCURRED NAME PAYMENT APPROVED PAID TO DATE & UNPAID * - ---------------------------------------------------------------------------------------------------------------------------- 1. Lain Faulkner $93,783 $391,857 $111,700 - ---------------------------------------------------------------------------------------------------------------------------- 2. Haynes and Boone $537,505 $1,826,330 $232,945 - ---------------------------------------------------------------------------------------------------------------------------- 3. The Seabury Group $150,000 $1,200,000 - ---------------------------------------------------------------------------------------------------------------------------- 4. Forshey & Prostock $121,860 $365,670 - ---------------------------------------------------------------------------------------------------------------------------- 5 Price Waterhouse Coopers $0 $294,071 - ---------------------------------------------------------------------------------------------------------------------------- 6 Jay Alix and Associates $49,997 $465,437 - ---------------------------------------------------------------------------------------------------------------------------- 7 Andrews & Kurth $0 $670,202 $153,175 - ---------------------------------------------------------------------------------------------------------------------------- 8 Jenkins & Gilchrist $0 $47,474 - ---------------------------------------------------------------------------------------------------------------------------- 9 Ford and Harrison $28,652 $172,417 $61,139 - ---------------------------------------------------------------------------------------------------------------------------- 10 Grant Thornton $45,605 $168,059 $5,019 - ---------------------------------------------------------------------------------------------------------------------------- 11 Verner Liipfert $251,171 $251,171 $24,841 - ---------------------------------------------------------------------------------------------------------------------------- 12 TOTAL PAYMENTS TO PROFESSIONALS $0 $1,278,573 $5,852,688 $588,819 - ---------------------------------------------------------------------------------------------------------------------------- * 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: December 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 #4 - the Company has paid down approximately $918,000 on its revolving credit facility in accordance with various court orders. Cash used in the payments were a result of asset sales (aircraft and inventory) and internally generated cash. - ----------------------------------------------------------------------------------------------------------------------------- - ------------------------------------------------- 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 10/1/2000 - 9/30/2001 100,266 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: December 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 December 2000 8. OTHER (ATTACH LIST) $ 375,493,723 Reported ---------------------- Intercompany Receivables 373,289,747 Escrow JRC 400,000 A/R Other 455,279 A/R Employees 22,604 A/R 401(k) Loan 53 A/R Reconciling item (3,974) Deferred Taxes 776,266 Deposits - Other 137,749 Deposits - Retainers 415,999 ---------------------- 375,493,723 Detail ---------------------- - Difference 14. OTHER ASSETS - NET OF AMORTIZATION (ATTACH LIST) 9,861,622 Reported ---------------------- Loan organizaiton costs 1,290,800 Bond offering costs 7,151,860 Goodwill - KH Cargo 1,418,962 ---------------------- 9,861,622 Detail ---------------------- - Difference 15. OTHER (ATTACH LIST) 138,370,015 ---------------------- Investment in KH Aircargo 1,000 Investment in KH International 81,974,302 Investment in Longhorn 2,266,436 Investment in KH Cargo 54,128,277 ---------------------- 138,370,015 Detail ---------------------- - Difference 22. OTHER (ATTACH LIST) $ 2,565,708 Reported ---------------------- Accrued expenses 1,282,089 Accrued interest 252,453 Accrued health savings 88,739 A/P Aging reconciling item (25,854) Accrued 401(k) 4,503 Accrued Salaries/Wages 963,778 ---------------------- 2,565,708 Detail ---------------------- - Difference 27. OTHER (ATTACH LIST) $29,163,394 Reported ---------------------- Deferred Taxes 31,006,505 Accrued Taxes payable (17,685,679) Interest payable 15,842,568 ---------------------- 29,163,394 Detail ---------------------- - Difference CASE NAME: KITTY HAWK, INC. CASE NUMBER: 400-42141 DETAILS OF OTHER ITEMS ACCRUAL BASIS-2 16. NON-OPERATING INCOME (ATT. LIST) (66,464)Reported ---------------------- Interest Income (66,464) ---------------------- (66,464)Detail - Difference 21. OTHER (ATTACH LIST) 50,322 Reported ---------------------- Loss on Sale of assets 50,322 ---------------------- 50,322 Detail ---------------------- - Difference ACCRUAL BASIS-3 8. OTHER (ATTACH LIST) 34,035,656 Reported ---------------------- Transfers from Charters 1,885,773 Transfers from Cargo 12,860,343 Transfers from Aircargo 13,359,301 Transfers from International 5,000 Cash deposits - non-lockbox 5,619,896 Interest income 110,899 Misc Deposits 61,418 Auction proceeds from KH International 148,166 NSF Checks (15,140) ---------------------- 34,035,656 Detail ---------------------- - Difference ---------------------- 25. OTHER (ATTACH LIST) 24,755,983 Reported ---------------------- Inc. 401(k) 187,001 Employee Expenses 76,762 Bank charges 5,156 Voided checks and corrections - Interest expense 210 Fuel 10,376,648 Ground Handling 2,504,375 Shipping 147,264 Ondemand Charter costs 132,395 135 Airline costs 20,723 Software - Building Rent and expenses 442,618 Contract Labor 532,759 Trucking 379,876 Customs/Parking/Landing 462,763 Containers 29,815 Transfers - Security 25,709 Simulator/Communication/Other Training 375,770 Misc 66,342 Voided checks and corrections - Board of Direcetors expenses 61,631 Shutdown costs 48,190 Commissions Deicing 101,838 Deposits 4,200 Subcharter Aircraft 8,773,938 ---------------------- 24,755,983 Detail ---------------------- - Difference EX-99.2 3 0003.txt EXHIBIT 99.2 MONTHLY OPERATING REPORT - -------------------------------------- CASE NAME: KITTY HAWK AIRCARGO, INC. ACCRUAL BASIS - -------------------------------------- CASE NUMBER: 400-42142-BJH-11 02/13/95, RWD, 2/96 - -------------------------------------- JUDGE: BARBARA J. HOUSER - -------------------------------------- UNITED STATES BANKRUPTCY COURT NORTHERN DISTRICT OF TEXAS SIXTH DIVISION MONTHLY OPERATING REPORT MONTH ENDING: DECEMBER 31, 2000 IN ACCORDANCE WITH TITLE 28, SECTION 1746, OF THE UNITED STATES CODE, I DECLARE UNDER PENALTY OF PERJURY THAT I HAVE EXAMINED THE FOLLOWING MONTHLY OPERATING REPORT (ACCRUAL BASIS-1 THROUGH ACCRUAL BASIS-7) AND THE ACCOMPANYING ATTACHMENTS AND, TO THE BEST OF MY KNOWLEDGE, THESE DOCUMENTS ARE TRUE, CORRECT AND COMPLETE. DECLARATION OF THE PREPARER (OTHER THAN RESPONSIBLE PARTY): IS BASED ON ALL INFORMATION OF WHICH PREPARER HAS ANY KNOWLEDGE. RESPONSIBLE PARTY: /s/ DREW KEITH CHIEF FINANCIAL OFFICER - --------------------------------------- --------------------------- ORIGINAL SIGNATURE OF RESPONSIBLE PARTY TITLE DREW KEITH 1/31/01 - --------------------------------------- --------------------------- PRINTED NAME OF RESPONSIBLE PARTY DATE PREPARER: /s/ KEVIN K. CRAIG CONTROLLER, KITTY HAWK INC. - --------------------------------------- --------------------------- ORIGINAL SIGNATURE OF PREPARER TITLE KEVIN K. CRAIG 1/31/01 - --------------------------------------- ---------------------------- 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 OCTOBER, 2000 NOVEMBER, 2000 DECEMBER, 2000 - ------------------------------------------------------------------------------------------------------------------------------------ 1. UNRESTRICTED CASH $16,904 $20,628 $21,578 $20,824 - ------------------------------------------------------------------------------------------------------------------------------------ 2. RESTRICTED CASH $0 $0 $0 $0 - ------------------------------------------------------------------------------------------------------------------------------------ 3. TOTAL CASH $16,904 $20,628 $21,578 $20,824 - ------------------------------------------------------------------------------------------------------------------------------------ 4. ACCOUNTS RECEIVABLE (NET) $29,303,045 $13,024,107 $14,337,193 $60,136,013 - ------------------------------------------------------------------------------------------------------------------------------------ 5. INVENTORY $1,508,508 $2,808,584 $2,419,148 $3,299,935 - ------------------------------------------------------------------------------------------------------------------------------------ 6. NOTES RECEIVABLE $0 $0 $0 $0 - ------------------------------------------------------------------------------------------------------------------------------------ 7. PREPAID EXPENSES $2,294,717 $19,178,545 $21,783,033 $15,247,377 - ------------------------------------------------------------------------------------------------------------------------------------ 8. OTHER (ATTACH LIST) $111,256,463 ($44,672,920) ($46,754,527) ($61,924,601) - ------------------------------------------------------------------------------------------------------------------------------------ 9. TOTAL CURRENT ASSETS $144,379,636 ($9,641,056) ($8,193,575) $16,779,548 - ------------------------------------------------------------------------------------------------------------------------------------ 10. PROPERTY, PLANT & EQUIPMENT $166,772,560 $217,508,349 $217,295,496 $208,636,080 - ------------------------------------------------------------------------------------------------------------------------------------ 11. LESS: ACCUMULATED DEPRECIATION / DEPLETION $0 $51,878,276 $51,188,137 $50,224,636 - ------------------------------------------------------------------------------------------------------------------------------------ 12. NET PROPERTY, PLANT & EQUIPMENT $166,772,560 $165,630,073 $166,107,359 $158,411,444 - ------------------------------------------------------------------------------------------------------------------------------------ 13. DUE FROM INSIDERS - ------------------------------------------------------------------------------------------------------------------------------------ 14. OTHER ASSETS - NET OF AMORTIZATION (ATTACH LIST) $0 $4,220,037 $4,206,850 $3,572,846 - ------------------------------------------------------------------------------------------------------------------------------------ 15. OTHER (ATTACH LIST) $0 $0 $0 $0 - ------------------------------------------------------------------------------------------------------------------------------------ 16. TOTAL ASSETS $311,152,196 $160,209,054 $162,120,634 $178,763,838 - ------------------------------------------------------------------------------------------------------------------------------------ POSTPETITION LIABILITIES - ------------------------------------------------------------------------------------------------------------------------------------ 17. ACCOUNTS PAYABLE $4,357,039 $8,009,017 $3,643,855 - ------------------------------------------------------------------------------------------------------------------------------------ 18. TAXES PAYABLE $226,700 $284,286 $289,995 - ------------------------------------------------------------------------------------------------------------------------------------ 19. NOTES PAYABLE $0 $925,000 $900,000 - ------------------------------------------------------------------------------------------------------------------------------------ 20. PROFESSIONAL FEES $0 $0 $0 - ------------------------------------------------------------------------------------------------------------------------------------ 21. SECURED DEBT $0 $8,465,438 $8,326,195 - ------------------------------------------------------------------------------------------------------------------------------------ 22. OTHER (ATTACH LIST) $9,548,468 $5,028,842 $26,068,195 - ------------------------------------------------------------------------------------------------------------------------------------ 23. TOTAL POSTPETITION LIABILITIES $14,132,207 $22,712,583 $39,228,240 - ------------------------------------------------------------------------------------------------------------------------------------ PREPETITION LIABILITIES - ------------------------------------------------------------------------------------------------------------------------------------ 24. SECURED DEBT $29,350,000 $29,350,000 $27,100,000 - ------------------------------------------------------------------------------------------------------------------------------------ 25. PRIORITY DEBT $2,177,962 $0 $0 $0 - ------------------------------------------------------------------------------------------------------------------------------------ 26. UNSECURED DEBT $184,252,878 $30,473,790 $30,185,978 $30,185,978 - ------------------------------------------------------------------------------------------------------------------------------------ 27. OTHER (ATTACH LIST) $0 $20,075,979 $20,024,758 $20,360,550 - ------------------------------------------------------------------------------------------------------------------------------------ 28. TOTAL PREPETITION LIABILITIES $186,430,840 $79,899,769 $79,560,736 $77,646,528 - ------------------------------------------------------------------------------------------------------------------------------------ 29. TOTAL LIABILITIES $186,430,840 $94,031,976 $102,273,319 $116,874,768 - ------------------------------------------------------------------------------------------------------------------------------------ EQUITY - ------------------------------------------------------------------------------------------------------------------------------------ 30. PREPETITION OWNERS' EQUITY $69,645,449 $69,645,449 $69,645,449 - ------------------------------------------------------------------------------------------------------------------------------------ 31. POSTPETITION CUMULATIVE PROFIT OR (LOSS) ($3,468,371) ($9,798,134) ($7,756,379) - ------------------------------------------------------------------------------------------------------------------------------------ 32. DIRECT CHARGES TO EQUITY (ATTACH EXPLANATION) $0 $0 $0 - ------------------------------------------------------------------------------------------------------------------------------------ 33. TOTAL EQUITY $0 $66,177,078 $59,847,315 $61,889,070 - ------------------------------------------------------------------------------------------------------------------------------------ 34. TOTAL LIABILITIES & OWNERS' EQUITY $186,430,840 $160,209,054 $162,120,634 $178,763,838 - ------------------------------------------------------------------------------------------------------------------------------------
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 OCTOBER, 2000 NOVEMBER, 2000 DECEMBER, 2000 TOTAL - ------------------------------------------------------------------------------------------------------------------------------- 1. GROSS REVENUES $15,743,416 $15,352,722 $56,542,747 $87,638,885 - ------------------------------------------------------------------------------------------------------------------------------- 2. LESS: RETURNS & DISCOUNTS $0 $0 $0 $0 - ------------------------------------------------------------------------------------------------------------------------------- 3. NET REVENUE $15,743,416 $15,352,722 $56,542,747 $87,638,885 - ------------------------------------------------------------------------------------------------------------------------------- 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 $15,743,416 $15,352,722 $56,542,747 $87,638,885 - ------------------------------------------------------------------------------------------------------------------------------- OPERATING EXPENSES - ------------------------------------------------------------------------------------------------------------------------------- 9. OFFICER / INSIDER COMPENSATION $32,291 $32,291 $32,291 $96,873 - ------------------------------------------------------------------------------------------------------------------------------- 10. SELLING & MARKETING $0 $0 $0 $0 - ------------------------------------------------------------------------------------------------------------------------------- 11. GENERAL & ADMINISTRATIVE $1,410,441 $1,342,905 $3,322,770 $6,076,116 - ------------------------------------------------------------------------------------------------------------------------------- 12. RENT & LEASE $2,577,341 $2,503,385 $2,714,012 $7,794,738 - ------------------------------------------------------------------------------------------------------------------------------- 13. OTHER (ATTACH LIST) $13,452,447 $13,651,432 $40,181,907 $67,285,786 - ------------------------------------------------------------------------------------------------------------------------------- 14. TOTAL OPERATING EXPENSES $17,472,520 $17,530,013 $46,250,980 $81,253,513 - ------------------------------------------------------------------------------------------------------------------------------- 15. INCOME BEFORE NON-OPERATING INCOME & EXPENSE ($1,729,104) ($2,177,291) $10,291,767 $6,385,372 - ------------------------------------------------------------------------------------------------------------------------------- OTHER INCOME & EXPENSES - ------------------------------------------------------------------------------------------------------------------------------- 16. NON-OPERATING INCOME (ATT. LIST) $0 ($1,762) ($2,113) ($3,875) - ------------------------------------------------------------------------------------------------------------------------------- 17. NON-OPERATING EXPENSE (ATT. LIST) $0 $0 $2,940 $2,940 - ------------------------------------------------------------------------------------------------------------------------------- 18. INTEREST EXPENSE $566,251 $451,382 $508,157 $1,525,790 - ------------------------------------------------------------------------------------------------------------------------------- 19. DEPRECIATION / DEPLETION $0 $0 $0 $0 - ------------------------------------------------------------------------------------------------------------------------------- 20. AMORTIZATION $13,188 $13,188 $13,188 $39,564 - ------------------------------------------------------------------------------------------------------------------------------- 21. OTHER (ATTACH LIST) $240,725 $7,909,507 $5,917,022 $14,067,254 - ------------------------------------------------------------------------------------------------------------------------------- 22. NET OTHER INCOME & EXPENSES $820,164 $8,372,315 $6,439,194 $15,631,673 - ------------------------------------------------------------------------------------------------------------------------------- REORGANIZATION EXPENSES - ------------------------------------------------------------------------------------------------------------------------------- 23. PROFESSIONAL FEES $0 $0 $449,400 $449,400 - ------------------------------------------------------------------------------------------------------------------------------- 24. U.S. TRUSTEE FEES $0 $0 $250 $250 - ------------------------------------------------------------------------------------------------------------------------------- 25. OTHER (ATTACH LIST) $0 $0 $0 $0 - ------------------------------------------------------------------------------------------------------------------------------- 26. TOTAL REORGANIZATION EXPENSES $0 $0 $449,650 $449,650 - ------------------------------------------------------------------------------------------------------------------------------- 27. INCOME TAX ($1,020,007) ($4,219,843) $1,361,170 ($3,878,680) - ------------------------------------------------------------------------------------------------------------------------------- 28. NET PROFIT (LOSS) ($1,529,261) ($6,329,763) $2,041,753 ($5,817,271) - -------------------------------------------------------------------------------------------------------------------------------
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 OCTOBER, 2000 NOVEMBER, 2000 DECEMBER, 2000 TOTAL - ---------------------------------------------------------------------------------------------------------------------------------- 1. CASH - BEGINNING OF MONTH $20,999 $20,628 $21,578 $20,999 - ---------------------------------------------------------------------------------------------------------------------------------- RECEIPTS FROM OPERATIONS - ---------------------------------------------------------------------------------------------------------------------------------- 2. CASH SALES $0 $0 $0 $0 - ---------------------------------------------------------------------------------------------------------------------------------- COLLECTION OF ACCOUNTS RECEIVABLE - ---------------------------------------------------------------------------------------------------------------------------------- 3. PREPETITION $0 $0 $0 $0 - ---------------------------------------------------------------------------------------------------------------------------------- 4. POSTPETITION $14,344,857 $12,215,082 $13,358,547 $39,918,486 - ---------------------------------------------------------------------------------------------------------------------------------- 5. TOTAL OPERATING RECEIPTS $14,344,857 $12,215,082 $13,358,547 $39,918,486 - ---------------------------------------------------------------------------------------------------------------------------------- NON - OPERATING RECEIPTS - ---------------------------------------------------------------------------------------------------------------------------------- 6. LOANS & ADVANCES (ATTACH LIST) $0 $0 $0 $0 - ---------------------------------------------------------------------------------------------------------------------------------- 7. SALE OF ASSETS $0 $0 $0 $0 - ---------------------------------------------------------------------------------------------------------------------------------- 8. OTHER (ATTACH LIST) ($14,345,228) ($12,214,132) ($13,359,301) ($39,918,661) - ---------------------------------------------------------------------------------------------------------------------------------- 9. TOTAL NON-OPERATING RECEIPTS ($14,345,228) ($12,214,132) ($13,359,301) ($39,918,661) - ---------------------------------------------------------------------------------------------------------------------------------- 10. TOTAL RECEIPTS ($371) $950 ($754) ($175) - ---------------------------------------------------------------------------------------------------------------------------------- 11. TOTAL CASH AVAILABLE $20,628 $21,578 $20,824 $20,824 - ---------------------------------------------------------------------------------------------------------------------------------- OPERATING DISBURSEMENTS - ---------------------------------------------------------------------------------------------------------------------------------- 12. NET PAYROLL $0 $0 $0 - ---------------------------------------------------------------------------------------------------------------------------------- 13. PAYROLL TAXES PAID $0 $0 $0 - ---------------------------------------------------------------------------------------------------------------------------------- 14. SALES, USE & OTHER TAXES PAID $0 $0 $0 - ---------------------------------------------------------------------------------------------------------------------------------- 15. SECURED / RENTAL / LEASES $0 $0 $0 - ---------------------------------------------------------------------------------------------------------------------------------- 16. UTILITIES $0 $0 $0 - ---------------------------------------------------------------------------------------------------------------------------------- 17. INSURANCE $0 $0 $0 - ---------------------------------------------------------------------------------------------------------------------------------- 18. INVENTORY PURCHASES $0 $0 $0 - ---------------------------------------------------------------------------------------------------------------------------------- 19. VEHICLE EXPENSES $0 $0 $0 - ---------------------------------------------------------------------------------------------------------------------------------- 20. TRAVEL $0 $0 $0 - ---------------------------------------------------------------------------------------------------------------------------------- 21. ENTERTAINMENT $0 $0 $0 - ---------------------------------------------------------------------------------------------------------------------------------- 22. REPAIRS & MAINTENANCE $0 $0 $0 - ---------------------------------------------------------------------------------------------------------------------------------- 23. SUPPLIES $0 $0 $0 - ---------------------------------------------------------------------------------------------------------------------------------- 24. ADVERTISING $0 $0 $0 - ---------------------------------------------------------------------------------------------------------------------------------- 25. OTHER (ATTACH LIST) $0 $0 $0 - ---------------------------------------------------------------------------------------------------------------------------------- 26. TOTAL OPERATING DISBURSEMENTS $0 $0 $0 $0 - ---------------------------------------------------------------------------------------------------------------------------------- REORGANIZATION EXPENSES - ---------------------------------------------------------------------------------------------------------------------------------- 27. PROFESSIONAL FEES $0 $0 $0 - ---------------------------------------------------------------------------------------------------------------------------------- 28. U.S. TRUSTEE FEES $0 $0 $0 - ---------------------------------------------------------------------------------------------------------------------------------- 29. OTHER (ATTACH LIST) $0 $0 $0 - ---------------------------------------------------------------------------------------------------------------------------------- 30. TOTAL REORGANIZATION EXPENSES $0 $0 $0 $0 - ---------------------------------------------------------------------------------------------------------------------------------- 31. TOTAL DISBURSEMENTS $0 $0 $0 $0 - ---------------------------------------------------------------------------------------------------------------------------------- 32. NET CASH FLOW ($371) $950 ($754) ($175) - ---------------------------------------------------------------------------------------------------------------------------------- 33. CASH - END OF MONTH $20,628 $21,578 $20,824 $20,824 - ----------------------------------------------------------------------------------------------------------------------------------
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 OCTOBER, 2000 NOVEMBER, 2000 DECEMBER, 2000 - -------------------------------------------------------------------------------------------------------------------------------- 1. 0-30 $27,808,237 $9,668,192 $10,755,762 $57,844,363 - -------------------------------------------------------------------------------------------------------------------------------- 2. 31-60 $648,873 $809,259 ($20,224) $55,740 - -------------------------------------------------------------------------------------------------------------------------------- 3. 61-90 $923,454 ($80,208) $1,771 ($20,777) - -------------------------------------------------------------------------------------------------------------------------------- 4. 91+ ($77,519) $1,147,186 $1,405,087 $1,401,866 - -------------------------------------------------------------------------------------------------------------------------------- 5. TOTAL ACCOUNTS RECEIVABLE $29,303,045 $11,544,429 $12,142,396 $59,281,192 - -------------------------------------------------------------------------------------------------------------------------------- 6. AMOUNT CONSIDERED UNCOLLECTIBLE - -------------------------------------------------------------------------------------------------------------------------------- 7. ACCOUNTS RECEIVABLE (NET) $29,303,045 $11,544,429 $12,142,396 $59,281,192 - -------------------------------------------------------------------------------------------------------------------------------- - ------------------------------------------------------------ AGING OF POSTPETITION TAXES AND PAYABLES MONTH: DECEMBER, 2000 - ------------------------------------------------------------------------------------------------------------------------------------ 0-30 31-60 61-90 91+ TAXES PAYABLE DAYS DAYS DAYS DAYS TOTAL - ------------------------------------------------------------------------------------------------------------------------------------ 1. FEDERAL $0 $0 $0 $0 $0 - ------------------------------------------------------------------------------------------------------------------------------------ 2. STATE $289,994 $0 $0 $0 $289,994 - ------------------------------------------------------------------------------------------------------------------------------------ 3. LOCAL $0 $0 $0 $0 - ------------------------------------------------------------------------------------------------------------------------------------ 4. OTHER (ATTACH LIST) $0 $0 $0 $0 - ------------------------------------------------------------------------------------------------------------------------------------ 5. TOTAL TAXES PAYABLE $289,994 $0 $0 $0 $289,994 - ------------------------------------------------------------------------------------------------------------------------------------ 6. ACCOUNTS PAYABLE $1,947,919 $203,138 $281,918 $1,210,880 $3,643,855 - ------------------------------------------------------------------------------------------------------------------------------------ STATUS OF POSTPETITION TAXES MONTH: DECEMBER, 2000 - ---------------------------------------------------------------------------------------------------------------------------------- BEGINNING AMOUNT ENDING TAX WITHHELD AND/ AMOUNT TAX FEDERAL LIABILITY* 0R ACCRUED PAID LIABILITY - ---------------------------------------------------------------------------------------------------------------------------------- 1. WITHHOLDING** $0 $1,896,529 $1,896,529 $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 $1,896,529 $1,896,529 $0 - ---------------------------------------------------------------------------------------------------------------------------------- STATE AND LOCAL - ---------------------------------------------------------------------------------------------------------------------------------- 8. WITHHOLDING $0 $0 - ---------------------------------------------------------------------------------------------------------------------------------- 9. SALES $0 $0 - ---------------------------------------------------------------------------------------------------------------------------------- 10. EXCISE $284,286 $5,708 $289,994 - ---------------------------------------------------------------------------------------------------------------------------------- 11. UNEMPLOYMENT $0 $0 - ---------------------------------------------------------------------------------------------------------------------------------- 12. REAL PROPERTY $0 $0 - ---------------------------------------------------------------------------------------------------------------------------------- 13. PERSONAL PROPERTY $0 $124,118 $124,118 $0 - ---------------------------------------------------------------------------------------------------------------------------------- 14. OTHER (ATTACH LIST) $0 $0 - ---------------------------------------------------------------------------------------------------------------------------------- 15. TOTAL STATE & LOCAL $284,286 $129,826 $124,118 $289,994 - ---------------------------------------------------------------------------------------------------------------------------------- 16. TOTAL TAXES $284,286 $2,026,355 $2,020,647 $289,994 - ----------------------------------------------------------------------------------------------------------------------------------
* 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: DECEMBER, 2000 - -------------------------------------------------------------------------------------------------------------------------------- BANK RECONCILIATIONS Account #1 Account #2 Account #3 - -------------------------------------------------------------------------------------------------------------------------------- A. BANK: Bank One - ---------------------------------------------------------------------------------------------------------------- B. ACCOUNT NUMBER: 100130152 TOTAL - ---------------------------------------------------------------------------------------------------------------- C. PURPOSE (TYPE): Operating Account - -------------------------------------------------------------------------------------------------------------------------------- 1. BALANCE PER BANK STATEMENT $0 $0 - -------------------------------------------------------------------------------------------------------------------------------- 2. ADD: TOTAL DEPOSITS NOT CREDITED $0 $0 - -------------------------------------------------------------------------------------------------------------------------------- 3. SUBTRACT: OUTSTANDING CHECKS $0 $0 - -------------------------------------------------------------------------------------------------------------------------------- 4. OTHER RECONCILING ITEMS $0 $0 - -------------------------------------------------------------------------------------------------------------------------------- 5. MONTH END BALANCE PER BOOKS $0 $0 $0 $0 - -------------------------------------------------------------------------------------------------------------------------------- 6. NUMBER OF LAST CHECK WRITTEN - -------------------------------------------------------------------------------------------------------------------------------- - -------------------------------------------------------- INVESTMENT ACCOUNTS - -------------------------------------------------------------------------------------------------------------------------------- DATE OF TYPE OF PURCHASE CURRENT BANK, ACCOUNT NAME & NUMBER PURCHASE INSTRUMENT PRICE VALUE - -------------------------------------------------------------------------------------------------------------------------------- 7. - -------------------------------------------------------------------------------------------------------------------------------- 8. - -------------------------------------------------------------------------------------------------------------------------------- 9. - -------------------------------------------------------------------------------------------------------------------------------- 10. - -------------------------------------------------------------------------------------------------------------------------------- 11. TOTAL INVESTMENTS $0 $0 - -------------------------------------------------------------------------------------------------------------------------------- - -------------------------------------------------------- CASH - -------------------------------------------------------------------------------------------------------------------------------- 12. CURRENCY ON HAND $20,824 - -------------------------------------------------------------------------------------------------------------------------------- 13. TOTAL CASH - END OF MONTH $20,824 - --------------------------------------------------------------------------------------------------------------------------------
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: DECEMBER 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 $16,458 $122,915 - ---------------------------------------------------------------------------- 2. Donny Scott Salary $15,833 $91,665 - ---------------------------------------------------------------------------- 3. Susan Hawley Salary $0 $41,667 - ---------------------------------------------------------------------------- 4. - ---------------------------------------------------------------------------- 5. - ---------------------------------------------------------------------------- 6. TOTAL PAYMENTS TO INSIDERS $32,291 $256,247 - ----------------------------------------------------------------------------
- --------------------------------------------------------------------------------------------------------------------- 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: DECEMBER, 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 DECEMBER, 2000 ACCRUAL BASIS-1 8. OTHER (ATTACH LIST) $ (61,924,601)Reported ------------------- Intercompany Receivables (66,445,319) Deposits - State Street Bank (TA Air) 3,534,696 Deposits - Landing & Parking 57,000 Deposits - Ventura Aerospace 65,125 Deposits - Rent 112,723 Deposits - Misc 642,985 Intangible - Mather 108,189 ------------------- (61,924,601)Detail ------------------- - Difference 14. OTHER (ATTACH LIST) $ 3,572,846 Reported ------------------- Deposits - Aircraft Leases 2,320,000 Intangible - ATAZ STC 1,252,846 ------------------- 3,572,846 Detail ------------------- - Difference 22. OTHER (ATTACH LIST) $ 26,068,195 Reported ------------------- Accrued A/P 20,952,629 Deposit held for ATAZ sale 150,000 Accrued Salaries & Wages 1,800,563 Accrued 401K & Misc PR Deductions 109,239 Accrued PR Taxes (FICA) 119,537 Accrued Fuel Exp 7,845,622 Accrued Interest 17,819 Accrued Maintenance Reserves 245,182 Accrued Fed Income Tax (Post) (5,172,396) ------------------- 26,068,195 Detail ------------------- - Difference 27. OTHER (ATTACH LIST) $ 20,360,550 Reported ------------------- Accrued A/P 5,642,226 Accrued Maintenance Reserves 10,267,512 Accrued Fed Income Tax (Pre) 3,332,363 Accrued Taxes - Other 444 FINOVA Equip Accrued 359,005 Pegasus Lease Incentive 759,000 ------------------- 20,360,550 Detail ------------------- - Difference CASE NAME: KITTY HAWK AIRCARGO, INC. CASE NUMBER: 400-42142-BJH-11 DETAILS OF OTHER ITEMS DECEMBER, 2000 ACCRUAL BASIS-2 13. OTHER (ATTACH LIST) $40,181,907 Reported ------------------- Aircraft Expense 22,979,127 Maintenance 5,376,638 Fuel -619,218 Ops Wages-Flight 2,857,612 Ops Wages-Grnd 2,384,824 Ground Handling 4,831,012 Other Operating Exp 2,371,912 ------------------- 40,181,907 Detail ------------------- - Difference # NON OPERATING INCOME (ATT. LIST) ($2,113)Reported ------------------- Non-Op Income (2,113)Detail ------------------- - Difference # NON OPERATING EXPENSE (ATT. LIST) $2,940 Reported ------------------- Non-Op Expense 2,940 Detail ------------------- - Difference # OTHER (ATTACH LIST) $5,917,022 Reported ------------------- (Gain)/Loss on Sale of Assets 5,917,022 Detail ------------------- - Difference ACCRUAL BASIS-3 8. OTHER (ATTACH LIST) (13,359,301)Reported ------------------- Transfer to Inc - all money sweeps (13,359,301)Detail ------------------- to KH Inc. Case #400-42141 - Difference ------------------- - ------------------------------------ CASE NAME: KITTY HAWK AIRCARGO, INC. FOOTNOTES SUPPLEMENT - ------------------------------------ - ------------------------------------ CASE NUMBER: 400-42142-BJH-11 ACCRUAL BASIS - ------------------------------------ MONTH: DECEMBER, 2000
- ------------------------------------------------------------------------------------------------------------- ACCRUAL BASIS LINE FORM NUMBER NUMBER FOOTNOTE / EXPLANATION - ------------------------------------------------------------------------------------------------------------- 3 8 All cash received into the 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 3 All insurance policies are carried in the name of Kitty Hawk, Inc. and its subsidiaries. Therefore, they are listed here accordingly. - -------------------------------------------------------------------------------------------------------------
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: DECEMBER 31, 2000 IN ACCORDANCE WITH TITLE 28, SECTION 1746, OF THE UNITED STATES CODE, I DECLARE UNDER PENALTY OF PERJURY THAT I HAVE EXAMINED THE FOLLOWING MONTHLY OPERATING REPORT (ACCRUAL BASIS-1 THROUGH ACCRUAL BASIS-7) AND THE ACCOMPANYING ATTACHMENTS AND, TO THE BEST OF MY KNOWLEDGE, THESE DOCUMENTS ARE TRUE, CORRECT AND COMPLETE. DECLARATION OF THE PREPARER (OTHER THAN RESPONSIBLE PARTY): IS BASED ON ALL INFORMATION OF WHICH PREPARER HAS ANY KNOWLEDGE. RESPONSIBLE PARTY: /s/ DREW KEITH Chief Financial Officer - --------------------------------------- ------------------------- ORIGINAL SIGNATURE OF RESPONSIBLE PARTY TITLE Drew Keith 1/31/01 - --------------------------------------- ------------------------- PRINTED NAME OF RESPONSIBLE PARTY DATE PREPARER: /s/ JESSICA L. WILSON Chief Accounting Officer - --------------------------------------- ------------------------- ORIGINAL SIGNATURE OF PREPARER TITLE Jessica L. Wilson 1/31/01 - --------------------------------------- ------------------------- 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 October 2000 November 2000 December 2000 - -------------------------------------------------------------------------------------------------------------------------------- 1. UNRESTRICTED CASH $15,476 ($3,048) ($14,649) $23,477 - -------------------------------------------------------------------------------------------------------------------------------- 2. RESTRICTED CASH $0 $0 - -------------------------------------------------------------------------------------------------------------------------------- 3. TOTAL CASH $15,476 ($3,048) ($14,649) $23,477 - -------------------------------------------------------------------------------------------------------------------------------- 4. ACCOUNTS RECEIVABLE (NET) $13,356,789 $6,220,572 $5,535,308 $5,337,476 - -------------------------------------------------------------------------------------------------------------------------------- 5. INVENTORY $5,142,821 $4,861,439 $4,631,891 - -------------------------------------------------------------------------------------------------------------------------------- 6. NOTES RECEIVABLE $0 $0 $0 - -------------------------------------------------------------------------------------------------------------------------------- 7. PREPAID EXPENSES $201,238 $187,624 $284,034 - -------------------------------------------------------------------------------------------------------------------------------- 8. OTHER (ATTACH LIST) $37,290,970 $47,569,379 $48,115,344 $47,725,265 - -------------------------------------------------------------------------------------------------------------------------------- 9. TOTAL CURRENT ASSETS $50,663,235 $59,130,962 $58,685,066 $58,002,143 - -------------------------------------------------------------------------------------------------------------------------------- 10. PROPERTY, PLANT & EQUIPMENT $17,083,867 $16,645,008 $16,645,008 $16,866,613 - -------------------------------------------------------------------------------------------------------------------------------- 11. LESS: ACCUMULATED DEPRECIATION / DEPLETION $6,778,594 $6,957,011 $7,133,273 - -------------------------------------------------------------------------------------------------------------------------------- 12. NET PROPERTY, PLANT & EQUIPMENT $17,083,867 $9,866,414 $9,687,997 $9,733,340 - -------------------------------------------------------------------------------------------------------------------------------- 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 $68,997,376 $68,373,063 $67,735,483 - -------------------------------------------------------------------------------------------------------------------------------- POSTPETITION LIABILITIES - -------------------------------------------------------------------------------------------------------------------------------- 17. ACCOUNTS PAYABLE $246,220 $426,506 $350,195 - -------------------------------------------------------------------------------------------------------------------------------- 18. TAXES PAYABLE ($285,316) ($393,165) ($729,813) - -------------------------------------------------------------------------------------------------------------------------------- 19. NOTES PAYABLE $0 $0 $0 - -------------------------------------------------------------------------------------------------------------------------------- 20. PROFESSIONAL FEES $0 $0 $0 - -------------------------------------------------------------------------------------------------------------------------------- 21. SECURED DEBT $0 $0 $0 - -------------------------------------------------------------------------------------------------------------------------------- 22. OTHER (ATTACH LIST) $1,432,739 $1,343,286 $1,583,571 - -------------------------------------------------------------------------------------------------------------------------------- 23. TOTAL POSTPETITION LIABILITIES $1,393,643 $1,376,627 $1,203,953 - -------------------------------------------------------------------------------------------------------------------------------- PREPETITION LIABILITIES - -------------------------------------------------------------------------------------------------------------------------------- 24. SECURED DEBT $152,776 $100,158 $89,381 $89,381 - -------------------------------------------------------------------------------------------------------------------------------- 25. PRIORITY DEBT $380,384 $0 $0 $0 - -------------------------------------------------------------------------------------------------------------------------------- 26. UNSECURED DEBT $10,596,326 $18,351,965 $18,348,512 $18,206,147 - -------------------------------------------------------------------------------------------------------------------------------- 27. OTHER (ATTACH LIST) $0 $0 $0 - -------------------------------------------------------------------------------------------------------------------------------- 28. TOTAL PREPETITION LIABILITIES $11,129,486 $18,452,123 $18,437,893 $18,295,528 - -------------------------------------------------------------------------------------------------------------------------------- 29. TOTAL LIABILITIES $11,129,486 $19,845,766 $19,814,520 $19,499,481 - -------------------------------------------------------------------------------------------------------------------------------- EQUITY - -------------------------------------------------------------------------------------------------------------------------------- 30. PREPETITION OWNERS' EQUITY $49,811,368 $49,811,368 $49,811,368 - -------------------------------------------------------------------------------------------------------------------------------- 31. POSTPETITION CUMULATIVE PROFIT OR (LOSS) ($659,758) ($1,252,825) ($1,575,366) - -------------------------------------------------------------------------------------------------------------------------------- 32. DIRECT CHARGES TO EQUITY (ATTACH EXPLANATION) - -------------------------------------------------------------------------------------------------------------------------------- 33. TOTAL EQUITY $0 $49,151,610 $48,558,543 $48,236,002 - -------------------------------------------------------------------------------------------------------------------------------- 34. TOTAL LIABILITIES & OWNERS' EQUITY $11,129,486 $68,997,376 $68,373,063 $67,735,483 - --------------------------------------------------------------------------------------------------------------------------------
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 October 2000 November 2000 December 2000 TOTAL - ----------------------------------------------------------------------------------------------------------------------------------- 1. GROSS REVENUES $2,462,079 $1,802,115 $1,788,712 $6,052,906 - ----------------------------------------------------------------------------------------------------------------------------------- 2. LESS: RETURNS & DISCOUNTS $0 $0 $0 $0 - ----------------------------------------------------------------------------------------------------------------------------------- 3. NET REVENUE $2,462,079 $1,802,115 $1,788,712 $6,052,906 - ----------------------------------------------------------------------------------------------------------------------------------- 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 $2,462,079 $1,802,115 $1,788,712 $6,052,906 - ----------------------------------------------------------------------------------------------------------------------------------- OPERATING EXPENSES - ----------------------------------------------------------------------------------------------------------------------------------- 9. OFFICER / INSIDER COMPENSATION $10,000 $10,000 $15,000 $35,000 - ----------------------------------------------------------------------------------------------------------------------------------- 10. SELLING & MARKETING $0 $0 $0 $0 - ----------------------------------------------------------------------------------------------------------------------------------- 11. GENERAL & ADMINISTRATIVE $313,782 $265,177 $354,752 $933,711 - ----------------------------------------------------------------------------------------------------------------------------------- 12. RENT & LEASE $0 $0 $0 $0 - ----------------------------------------------------------------------------------------------------------------------------------- 13. OTHER (ATTACH LIST) $2,071,080 $2,097,819 $1,956,453 $6,125,352 - ----------------------------------------------------------------------------------------------------------------------------------- 14. TOTAL OPERATING EXPENSES $2,394,862 $2,372,996 $2,326,205 $7,094,063 - ----------------------------------------------------------------------------------------------------------------------------------- 15. INCOME BEFORE NON-OPERATING INCOME & EXPENSE $67,217 ($570,881) ($537,493) ($1,041,157) - ----------------------------------------------------------------------------------------------------------------------------------- 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 ($37,455) ($26,370) ($47,220) ($111,045) - ----------------------------------------------------------------------------------------------------------------------------------- 19. DEPRECIATION / DEPLETION $177,328 $178,415 $176,261 $532,004 - ----------------------------------------------------------------------------------------------------------------------------------- 20. AMORTIZATION $0 $0 $0 $0 - ----------------------------------------------------------------------------------------------------------------------------------- 21. OTHER (ATTACH LIST) $0 $0 $0 $0 - ----------------------------------------------------------------------------------------------------------------------------------- 22. NET OTHER INCOME & EXPENSES $139,873 $152,045 $129,041 $420,959 - ----------------------------------------------------------------------------------------------------------------------------------- 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 $34,758 ($129,699) ($344,243) ($439,184) - ----------------------------------------------------------------------------------------------------------------------------------- 28. NET PROFIT (LOSS) ($107,414) ($593,227) ($322,541) ($1,023,182) - -----------------------------------------------------------------------------------------------------------------------------------
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 RECEIPTS AND ------------------------------------------------------------ QUARTER DISBURSEMENTS October 2000 November 2000 December 2000 TOTAL - ----------------------------------------------------------------------------------------------------------------------------- 1. CASH - BEGINNING OF MONTH ($71,331) ($3,048) ($14,649) ($71,331) - ----------------------------------------------------------------------------------------------------------------------------- RECEIPTS FROM OPERATIONS - ----------------------------------------------------------------------------------------------------------------------------- 2. CASH SALES $0 $0 $0 $0 - ----------------------------------------------------------------------------------------------------------------------------- COLLECTION OF ACCOUNTS RECEIVABLE - ----------------------------------------------------------------------------------------------------------------------------- 3. PREPETITION $0 $0 $0 $0 - ----------------------------------------------------------------------------------------------------------------------------- 4. POSTPETITION $2,553,548 $2,337,144 $1,933,455 $6,824,147 - ----------------------------------------------------------------------------------------------------------------------------- 5. TOTAL OPERATING RECEIPTS $2,553,548 $2,337,144 $1,933,455 $6,824,147 - ----------------------------------------------------------------------------------------------------------------------------- NON - OPERATING RECEIPTS - ----------------------------------------------------------------------------------------------------------------------------- 6. LOANS & ADVANCES (ATTACH LIST) $0 $0 $0 $0 - ----------------------------------------------------------------------------------------------------------------------------- 7. SALE OF ASSETS $0 $0 $0 $0 - ----------------------------------------------------------------------------------------------------------------------------- 8. OTHER (ATTACH LIST) ($2,485,265) ($2,348,745) ($1,895,329) ($6,729,339) - ----------------------------------------------------------------------------------------------------------------------------- 9. TOTAL NON-OPERATING RECEIPTS ($2,485,265) ($2,348,745) ($1,895,329) ($6,729,339) - ----------------------------------------------------------------------------------------------------------------------------- 10. TOTAL RECEIPTS $68,283 ($11,601) $38,126 $94,808 - ----------------------------------------------------------------------------------------------------------------------------- 11. TOTAL CASH AVAILABLE ($3,048) ($14,649) $23,477 $23,477 - ----------------------------------------------------------------------------------------------------------------------------- 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 $68,283 ($11,601) $38,126 $94,808 - ----------------------------------------------------------------------------------------------------------------------------- 33. CASH - END OF MONTH ($3,048) ($14,649) $23,477 $23,477 - -----------------------------------------------------------------------------------------------------------------------------
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 October 2000 November 2000 December 2000 - --------------------------------------------------------------------------------------------------------------------------------- 1. 0-30 $2,298,311 $2,188,039 $1,564,899 - --------------------------------------------------------------------------------------------------------------------------------- 2. 31-60 $1,091,251 $764,610 $1,070,005 - --------------------------------------------------------------------------------------------------------------------------------- 3. 61-90 $354,139 $111,726 $269,518 - --------------------------------------------------------------------------------------------------------------------------------- 4. 91+ $2,476,871 $2,470,933 $2,433,054 - --------------------------------------------------------------------------------------------------------------------------------- 5. TOTAL ACCOUNTS RECEIVABLE $0 $6,220,572 $5,535,308 $5,337,476 - --------------------------------------------------------------------------------------------------------------------------------- 6. AMOUNT CONSIDERED UNCOLLECTIBLE $0 $0 $0 - --------------------------------------------------------------------------------------------------------------------------------- 7. ACCOUNTS RECEIVABLE (NET) $0 $6,220,572 $5,535,308 $5,337,476 - --------------------------------------------------------------------------------------------------------------------------------- - -------------------------------------------------------------------- AGING OF POSTPETITION TAXES AND PAYABLES MONTH: December 2000 - -------------------------------------------------------------------------------------------------------------------------------- 0-30 31-60 61-90 91+ TAXES PAYABLE DAYS DAYS DAYS DAYS TOTAL - -------------------------------------------------------------------------------------------------------------------------------- 1. FEDERAL ($729,813) $0 $0 $0 ($729,813) - -------------------------------------------------------------------------------------------------------------------------------- 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 ($729,813) $0 $0 $0 ($729,813) - -------------------------------------------------------------------------------------------------------------------------------- 6. ACCOUNTS PAYABLE $113,156 $27,290 $12,233 $197,516 $350,195 - -------------------------------------------------------------------------------------------------------------------------------- STATUS OF POSTPETITION TAXES MONTH: December 2000 - --------------------------------------------------------------------------------------------------------------------------------- BEGINNING AMOUNT ENDING TAX WITHHELD AND/ AMOUNT TAX FEDERAL LIABILITY* 0R ACCRUED PAID LIABILITY - --------------------------------------------------------------------------------------------------------------------------------- 1. WITHHOLDING** $0 $283,708 $283,708 $0 - --------------------------------------------------------------------------------------------------------------------------------- 2. FICA-EMPLOYEE** $0 $0 $0 $0 - --------------------------------------------------------------------------------------------------------------------------------- 3. FICA-EMPLOYER** $0 $0 $0 $0 - --------------------------------------------------------------------------------------------------------------------------------- 4. UNEMPLOYMENT $0 $0 $0 $0 - --------------------------------------------------------------------------------------------------------------------------------- 5. INCOME ($417,234) ($344,243) $0 ($761,477) - --------------------------------------------------------------------------------------------------------------------------------- 6. OTHER (ATTACH LIST) $0 $0 $0 $0 - --------------------------------------------------------------------------------------------------------------------------------- 7. TOTAL FEDERAL TAXES ($417,234) ($60,535) $283,708 ($761,477) - --------------------------------------------------------------------------------------------------------------------------------- STATE AND LOCAL - --------------------------------------------------------------------------------------------------------------------------------- 8. WITHHOLDING $0 $0 $0 $0 - --------------------------------------------------------------------------------------------------------------------------------- 9. SALES $466 $8 $0 $474 - --------------------------------------------------------------------------------------------------------------------------------- 10. EXCISE $23,603 $31,190 $23,603 $31,190 - --------------------------------------------------------------------------------------------------------------------------------- 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 $24,069 $31,198 $23,603 $31,664 - --------------------------------------------------------------------------------------------------------------------------------- 16. TOTAL TAXES ($393,165) ($29,337) $307,311 ($729,813) - ---------------------------------------------------------------------------------------------------------------------------------
* 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: December 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 $16,662 $16,662 - ----------------------------------------------------------------------------------------------------------------------- 2. ADD: TOTAL DEPOSITS NOT CREDITED $0 $0 $0 - ----------------------------------------------------------------------------------------------------------------------- 3. SUBTRACT: OUTSTANDING CHECKS $0 $0 $0 - ----------------------------------------------------------------------------------------------------------------------- 4. OTHER RECONCILING ITEMS ($8,567) $0 ($8,567) - ----------------------------------------------------------------------------------------------------------------------- 5. MONTH END BALANCE PER BOOKS ($8,567) $16,662 $0 $8,095 - ----------------------------------------------------------------------------------------------------------------------- 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 $15,382 - ----------------------------------------------------------------------------------------------------------------------- 13. TOTAL CASH - END OF MONTH $23,477 - -----------------------------------------------------------------------------------------------------------------------
MONTHLY OPERATING REPORT CASE NAME: KITTY HAWK CHARTERS, INC. ACCRUAL BASIS-6 CASE NUMBER: 400-42143-BJH 02/13/95, RWD, 2/96 MONTH: December 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 $15,000 $90,000 - ------------------------------------------------------------------------------- 3. N/A - ------------------------------------------------------------------------------- 4. N/A - ------------------------------------------------------------------------------- 5. N/A - ------------------------------------------------------------------------------- 6. TOTAL PAYMENTS TO INSIDERS $15,000 $94,808 - -------------------------------------------------------------------------------
- ----------------------------------------------------------------------------------------------------------------------------- PROFESSIONALS - ----------------------------------------------------------------------------------------------------------------------------- DATE OF COURT TOTAL ORDER AUTHORIZING AMOUNT AMOUNT TOTAL PAID INCURRED NAME PAYMENT APPROVED PAID TO DATE & UNPAID * - ----------------------------------------------------------------------------------------------------------------------------- 1. N/A - ----------------------------------------------------------------------------------------------------------------------------- 2. N/A - ----------------------------------------------------------------------------------------------------------------------------- 3. N/A - ----------------------------------------------------------------------------------------------------------------------------- 4. N/A - ----------------------------------------------------------------------------------------------------------------------------- 5. N/A - ----------------------------------------------------------------------------------------------------------------------------- 6. TOTAL PAYMENTS TO PROFESSIONALS $0 $0 $0 $0 - ----------------------------------------------------------------------------------------------------------------------------- * INCLUDE ALL FEES INCURRED, BOTH APPROVED AND UNAPPROVED - --------------------------------------------------------------------------------------------------------- POSTPETITION STATUS OF SECURED NOTES, LEASES PAYABLE AND ADEQUATE PROTECTION PAYMENTS - --------------------------------------------------------------------------------------------------------- - --------------------------------------------------------------------------------------------------------- SCHEDULED AMOUNTS MONTHLY PAID TOTAL PAYMENTS DURING UNPAID NAME OF CREDITOR DUE MONTH POSTPETITION - --------------------------------------------------------------------------------------------------------- 1. GE Capital $11,579 $0 $11,579 - --------------------------------------------------------------------------------------------------------- 2. N/A - --------------------------------------------------------------------------------------------------------- 3. N/A - --------------------------------------------------------------------------------------------------------- 4. N/A - --------------------------------------------------------------------------------------------------------- 5. N/A - --------------------------------------------------------------------------------------------------------- 6. TOTAL $11,579 $0 $11,579 - ---------------------------------------------------------------------------------------------------------
MONTHLY OPERATING REPORT - ------------------------------------- CASE NAME: KITTY HAWK CHARTERS, INC. ACCRUAL BASIS-7 - ------------------------------------- CASE NUMBER: 400-42143-BJH 02/13/95, RWD, 2/96 - ------------------------------------- MONTH: December 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: KITTY HAWK CHARTERS, INC. FOOTNOTES SUPPLEMENT - ------------------------------------- CASE NUMBER: 400-42143-BJH ACCRUAL BASIS - ------------------------------------- MONTH: December 2000
- ------------------------------------------------------------------------------------------------------------ ACCRUAL BASIS LINE FORM NUMBER NUMBER FOOTNOTE / EXPLANATION - ------------------------------------------------------------------------------------------------------------ 6 All Professional fees related to the Reorganization of the Company are disbursed out of Kitty Hawk, Inc. (Parent Company). Refer to Case # 400-42141 - ------------------------------------------------------------------------------------------------------------ 7 All insurance plans related to the Company are carried at Kitty Hawk, Inc. (Parent Company). Refer to Case # 400-42141. - ------------------------------------------------------------------------------------------------------------ 3 3 The current general ledger system is not able to provide a detail of customer cash receipts segregated by prepetion accounts receivable and post petition accounts receivable. Therefore, cash receipts is provided in total for the month. - ------------------------------------------------------------------------------------------------------------ 3 8 All cash received into the Company cash accounts is swept each night to Kitty Hawk, Inc. Master Account (see Case #400-42141). - ------------------------------------------------------------------------------------------------------------ 3 31 All disbursements (either by wire transfer or check), including payroll are disbursed out of the Kitty Hawk, Inc. controlled disbursement account. - ------------------------------------------------------------------------------------------------------------ 4 6 All assessment of uncollectible accounts receivable are done at Kitty Hawk, Inc. Refer to Case #400-4214. All reserves are recorded at Inc. and pushed down to Inc.'s subsidiaries as deemed necessary. - ------------------------------------------------------------------------------------------------------------ 4 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 December 2000 8. OTHER (ATTACH LIST) $47,725,265 Reported ----------------------- Intercompany Receivables 47,771,696 A/R 401(k) Loan (2,931) A/R Employees 5,597 A/R Clothing Sales 32,711 A/R Aging reconciling item (151,213) Fuel Inventory 14,192 Security Deposit 55,213 ----------------------- 47,725,265 Detail ----------------------- - Difference 22. OTHER (ATTACH LIST) $ 1,583,571 Reported ----------------------- Accrued Maintenance 181,471 Accrued charter expenses 653,039 Accrued Salaries/Wages 155,383 Accrued 401(k) 11,479 A/P Aging reconciling item 8,152 Misc (744) Accrued Fuel 574,791 ----------------------- 1,583,571 Detail ----------------------- - Difference ACCRUAL BASIS-2 13. OTHER (ATTACH LIST) $1,956,453 Reported ----------------------- Ondemand costs 289,622 135 Airline charter costs 25,786 Parts Lease 6,250 Fuel 715,908 Wages 755,665 Travel expense 20,797 Insurance 26,496 Rotables/Repair/Consumables 105,656 Shipping 7,409 Charts 13,307 Shop materials/equip rental 13,183 Maintenance allocation (23,626) ----------------------- 1,956,453 Detail ----------------------- - Difference ACCRUAL BASIS-3 8. OTHER (ATTACH LIST) (1,895,329)Reported ----------------------- Credit card charges (9,556) Sweeps to Kitty Hawk, Inc. (1,885,773)Detail ----------------------- (1,895,329)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: DECEMBER 31, 2000 IN ACCORDANCE WITH TITLE 28, SECTION 1746, OF THE UNITED STATES CODE, I DECLARE UNDER PENALTY OF PERJURY THAT I HAVE EXAMINED THE FOLLOWING MONTHLY OPERATING REPORT (ACCRUAL BASIS-1 THROUGH ACCRUAL BASIS-7) AND THE ACCOMPANYING ATTACHMENTS AND, TO THE BEST OF MY KNOWLEDGE, THESE DOCUMENTS ARE TRUE, CORRECT AND COMPLETE. DECLARATION OF THE PREPARER (OTHER THAN RESPONSIBLE PARTY): IS BASED ON ALL INFORMATION OF WHICH PREPARER HAS ANY KNOWLEDGE. RESPONSIBLE PARTY: /s/ DREW KEITH Chief Financial Officer - --------------------------------------- ----------------------------------- ORIGINAL SIGNATURE OF RESPONSIBLE PARTY TITLE Drew Keith 1/31/01 - --------------------------------------- ----------------------------------- PRINTED NAME OF RESPONSIBLE PARTY DATE PREPARER: /s/ JESSICA L. WILSON Chief Accounting Officer - --------------------------------------- ----------------------------------- ORIGINAL SIGNATURE OF PREPARER TITLE Jessica L. Wilson 1/31/01 - --------------------------------------- ----------------------------------- 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 October 2000 November 2000 December 2000 - ---------------------------------------------------------------------------------------------------------------------------------- 1. UNRESTRICTED CASH $40,098 $30,292 $30,092 $0 - ---------------------------------------------------------------------------------------------------------------------------------- 2. RESTRICTED CASH $2,742,718 $247,566 $17,713,564 - ---------------------------------------------------------------------------------------------------------------------------------- 3. TOTAL CASH $40,098 $2,773,010 $277,658 $17,713,564 - ---------------------------------------------------------------------------------------------------------------------------------- 4. ACCOUNTS RECEIVABLE (NET) $9,006,275 $7,376,743 $7,385,945 $7,377,903 - ---------------------------------------------------------------------------------------------------------------------------------- 5. INVENTORY $20,429,725 $4,189,044 $4,123,351 $0 - ---------------------------------------------------------------------------------------------------------------------------------- 6. NOTES RECEIVABLE $0 $0 $6,000,000 - ---------------------------------------------------------------------------------------------------------------------------------- 7. PREPAID EXPENSES $15,035 ($26,932) $112,681 - ---------------------------------------------------------------------------------------------------------------------------------- 8. OTHER (ATTACH LIST) $21,367,511 ($346,788,714) ($344,172,954) ($352,418,247) - ---------------------------------------------------------------------------------------------------------------------------------- 9. TOTAL CURRENT ASSETS $50,843,609 ($332,434,882) ($332,412,932) ($321,214,099) - ---------------------------------------------------------------------------------------------------------------------------------- 10. PROPERTY, PLANT & EQUIPMENT $474,988,760 $553,209,953 $553,211,713 $521,039,915 - ---------------------------------------------------------------------------------------------------------------------------------- 11. LESS: ACCUMULATED DEPRECIATION / DEPLETION $86,298,997 $86,299,859 $439,388,992 - ---------------------------------------------------------------------------------------------------------------------------------- 12. NET PROPERTY, PLANT & EQUIPMENT $474,988,760 $466,910,956 $466,911,854 $81,650,923 - ---------------------------------------------------------------------------------------------------------------------------------- 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 $525,832,369 $134,476,074 $134,498,922 ($239,563,176) - ---------------------------------------------------------------------------------------------------------------------------------- POSTPETITION LIABILITIES - ---------------------------------------------------------------------------------------------------------------------------------- 17. ACCOUNTS PAYABLE $90,666 $75,932 $135,849 - ---------------------------------------------------------------------------------------------------------------------------------- 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) ($9,578,472) ($9,625,363) ($148,803,341) - ---------------------------------------------------------------------------------------------------------------------------------- 23. TOTAL POSTPETITION LIABILITIES ($9,487,806) ($9,549,431) ($148,667,492) - ---------------------------------------------------------------------------------------------------------------------------------- PREPETITION LIABILITIES - ---------------------------------------------------------------------------------------------------------------------------------- 24. SECURED DEBT $23,187,921 $22,974,085 $22,951,163 $22,282,098 - ---------------------------------------------------------------------------------------------------------------------------------- 25. PRIORITY DEBT $4,672,323 $0 $0 $0 - ---------------------------------------------------------------------------------------------------------------------------------- 26. UNSECURED DEBT $392,188,633 $17,641,103 $17,874,601 $17,875,355 - ---------------------------------------------------------------------------------------------------------------------------------- 27. OTHER (ATTACH LIST) $88,562,459 $88,562,459 $75,976,570 - ---------------------------------------------------------------------------------------------------------------------------------- 28. TOTAL PREPETITION LIABILITIES $420,048,877 $129,177,647 $129,388,223 $116,134,023 - ---------------------------------------------------------------------------------------------------------------------------------- 29. TOTAL LIABILITIES $420,048,877 $119,689,841 $119,838,792 ($32,533,469) - ---------------------------------------------------------------------------------------------------------------------------------- EQUITY - ---------------------------------------------------------------------------------------------------------------------------------- 30. PREPETITION OWNERS' EQUITY $29,200,132 $29,200,132 $16,327,446 - ---------------------------------------------------------------------------------------------------------------------------------- 31. POSTPETITION CUMULATIVE PROFIT OR (LOSS) ($14,413,899) ($14,540,002) ($223,357,153) - ---------------------------------------------------------------------------------------------------------------------------------- 32. DIRECT CHARGES TO EQUITY (ATTACH EXPLANATION) - ---------------------------------------------------------------------------------------------------------------------------------- 33. TOTAL EQUITY $0 $14,786,233 $14,660,130 ($207,029,707) - ---------------------------------------------------------------------------------------------------------------------------------- 34. TOTAL LIABILITIES & OWNERS' EQUITY $420,048,877 $134,476,074 $134,498,922 ($239,563,176) - ----------------------------------------------------------------------------------------------------------------------------------
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 October 2000 November 2000 December 2000 TOTAL - ------------------------------------------------------------------------------------------------------------------ 1. GROSS REVENUES $0 $4,000 $169,228 $173,228 - ------------------------------------------------------------------------------------------------------------------ 2. LESS: RETURNS & DISCOUNTS $0 $0 $0 $0 - ------------------------------------------------------------------------------------------------------------------ 3. NET REVENUE $0 $4,000 $169,228 $173,228 - ------------------------------------------------------------------------------------------------------------------ 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 $4,000 $169,228 $173,228 - ------------------------------------------------------------------------------------------------------------------ OPERATING EXPENSES - ------------------------------------------------------------------------------------------------------------------ 9. OFFICER / INSIDER COMPENSATION $0 $0 $0 $0 - ------------------------------------------------------------------------------------------------------------------ 10. SELLING & MARKETING $0 $0 $0 $0 - ------------------------------------------------------------------------------------------------------------------ 11. GENERAL & ADMINISTRATIVE $76,893 $74,934 $1,147,774 $1,299,601 - ------------------------------------------------------------------------------------------------------------------ 12. RENT & LEASE $29,035 ($14,775) $50,035 $64,295 - ------------------------------------------------------------------------------------------------------------------ 13. OTHER (ATTACH LIST) $0 $0 $339,888,697 $339,888,697 - ------------------------------------------------------------------------------------------------------------------ 14. TOTAL OPERATING EXPENSES $105,928 $60,159 $341,086,506 $341,252,593 - ------------------------------------------------------------------------------------------------------------------ 15. INCOME BEFORE NON-OPERATING INCOME & EXPENSE ($105,928) ($56,159) ($340,917,278) ($341,079,365) - ------------------------------------------------------------------------------------------------------------------ OTHER INCOME & EXPENSES - ------------------------------------------------------------------------------------------------------------------ 16. NON-OPERATING INCOME (ATT. LIST) $0 ($58,241) ($229,183) ($287,424) - ------------------------------------------------------------------------------------------------------------------ 17. NON-OPERATING EXPENSE (ATT. LIST) $0 $0 $0 $0 - ------------------------------------------------------------------------------------------------------------------ 18. INTEREST EXPENSE $350,272 $212,253 $491,002 $1,053,527 - ------------------------------------------------------------------------------------------------------------------ 19. DEPRECIATION / DEPLETION $0 $0 $0 $0 - ------------------------------------------------------------------------------------------------------------------ 20. AMORTIZATION $0 $0 $0 $0 - ------------------------------------------------------------------------------------------------------------------ 21. OTHER (ATTACH LIST) $0 $0 $6,304,460 $6,304,460 - ------------------------------------------------------------------------------------------------------------------ 22. NET OTHER INCOME & EXPENSES $350,272 $154,012 $6,566,279 $7,070,563 - ------------------------------------------------------------------------------------------------------------------ REORGANIZATION EXPENSES - ------------------------------------------------------------------------------------------------------------------ 23. PROFESSIONAL FEES $0 $0 $544,742 $544,742 - ------------------------------------------------------------------------------------------------------------------ 24. U.S. TRUSTEE FEES $0 $0 $250 $250 - ------------------------------------------------------------------------------------------------------------------ 25. OTHER (ATTACH LIST) $0 $0 $0 $0 - ------------------------------------------------------------------------------------------------------------------ 26. TOTAL REORGANIZATION EXPENSES $0 $0 $544,992 $544,992 - ------------------------------------------------------------------------------------------------------------------ 27. INCOME TAX ($182,480) ($84,068) ($139,211,420) ($139,477,968) - ------------------------------------------------------------------------------------------------------------------ 28. NET PROFIT (LOSS) ($273,720) ($126,103) ($208,817,129) ($209,216,952) - ------------------------------------------------------------------------------------------------------------------
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 October 2000 November 2000 December 2000 TOTAL - ---------------------------------------------------------------------------------------------------------- 1. CASH - BEGINNING OF MONTH $30,292 $30,292 $30,092 $30,292 - ---------------------------------------------------------------------------------------------------------- RECEIPTS FROM OPERATIONS - ---------------------------------------------------------------------------------------------------------- 2. CASH SALES $0 $0 $0 $0 - ---------------------------------------------------------------------------------------------------------- COLLECTION OF ACCOUNTS RECEIVABLE - ---------------------------------------------------------------------------------------------------------- 3. PREPETITION $0 $0 $0 $0 - ---------------------------------------------------------------------------------------------------------- 4. POSTPETITION $8,500 $274,800 $5,000 $288,300 - ---------------------------------------------------------------------------------------------------------- 5. TOTAL OPERATING RECEIPTS $8,500 $274,800 $5,000 $288,300 - ---------------------------------------------------------------------------------------------------------- NON - OPERATING RECEIPTS - ---------------------------------------------------------------------------------------------------------- 6. LOANS & ADVANCES (ATTACH LIST) $0 $0 $0 $0 - ---------------------------------------------------------------------------------------------------------- 7. SALE OF ASSETS $0 $0 $0 $0 - ---------------------------------------------------------------------------------------------------------- 8. OTHER (ATTACH LIST) ($8,500) ($275,000) ($35,092) ($318,592) - ---------------------------------------------------------------------------------------------------------- 9. TOTAL NON-OPERATING RECEIPTS ($8,500) ($275,000) ($35,092) ($318,592) - ---------------------------------------------------------------------------------------------------------- 10. TOTAL RECEIPTS $0 ($200) ($30,092) ($30,292) - ---------------------------------------------------------------------------------------------------------- 11. TOTAL CASH AVAILABLE $30,292 $30,092 $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 ($200) ($30,092) ($30,292) - ---------------------------------------------------------------------------------------------------------- 33. CASH - END OF MONTH $30,292 $30,092 $0 $0 - ----------------------------------------------------------------------------------------------------------
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 October 2000 November 2000 December 2000 - ------------------------------------------------------------------------------------------------------------------ 1. 0-30 $8,380 $9,000 $5,000 - ------------------------------------------------------------------------------------------------------------------ 2. 31-60 ($31,600) $8,381 $4,000 - ------------------------------------------------------------------------------------------------------------------ 3. 61-90 $0 ($31,600) $0 - ------------------------------------------------------------------------------------------------------------------ 4. 91+ $7,399,963 $7,400,164 $7,368,903 - ------------------------------------------------------------------------------------------------------------------ 5. TOTAL ACCOUNTS RECEIVABLE $0 $7,376,743 $7,385,945 $7,377,903 - ------------------------------------------------------------------------------------------------------------------ 6. AMOUNT CONSIDERED UNCOLLECTIBLE $0 $0 $0 - ------------------------------------------------------------------------------------------------------------------ 7. ACCOUNTS RECEIVABLE (NET) $0 $7,376,743 $7,385,945 $7,377,903 - ------------------------------------------------------------------------------------------------------------------
- ------------------------------------------- AGING OF POSTPETITION TAXES AND PAYABLES MONTH: December 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 $57,857 $135 $0 $77,857 $135,849 - ------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------ STATUS OF POSTPETITION TAXES MONTH: December 2000 - -------------------------------------------------------------------------------------------------------------------- BEGINNING AMOUNT ENDING TAX WITHHELD AND/ AMOUNT TAX FEDERAL LIABILITY* 0R ACCRUED PAID LIABILITY - -------------------------------------------------------------------------------------------------------------------- 1. WITHHOLDING** $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: 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: December 2000
- ------------------------------------------- BANK RECONCILIATIONS Account #1 Account #2 Account #3 - ------------------------------------------------------------------------------------------------------------ A. BANK: Bank One Bank One Bank One - -------------------------------------------------------------------------------------------- TOTAL B. ACCOUNT NUMBER: 1559691322 1559691330 9320014690 - ------------------------------------------------------------------------------------------------------------ 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 $0 - ------------------------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------------------------ 13. TOTAL CASH - END OF MONTH $0 - ------------------------------------------------------------------------------------------------------------
MONTHLY OPERATING REPORT - ------------------------------------------- CASE NAME: KITTY HAWK INTERNATIONAL, INC. ACCRUAL BASIS-6 - ------------------------------------------- - ------------------------------------------- CASE NUMBER: 400-42144 02/13/95, RWD, 2/96 - ------------------------------------------- MONTH: December 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 $4,038 $0 - -------------------------------------------------------------------------------- 2. GE Capital $4,402 $4,402 $0 - -------------------------------------------------------------------------------- 3. GE Capital varies $14,975 $0 - -------------------------------------------------------------------------------- 4. AAR - paid by Bondholders $660,624 $0 - -------------------------------------------------------------------------------- 5. N/A $0 - -------------------------------------------------------------------------------- 6 TOTAL $8,440 $684,039 $0 - -------------------------------------------------------------------------------- MONTHLY OPERATING REPORT - ------------------------------------------- CASE NAME: KITTY HAWK INTERNATIONAL, INC. ACCRUAL BASIS-7 - ------------------------------------------- - ------------------------------------------- CASE NUMBER: 400-42144 02/13/95, RWD, 2/96 - ------------------------------------------- MONTH: December 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 December GE Capital was paid for debt outstanding as equipment was located and used in operations. - -------------------------------------------------------------------------------- Item 1 - One DC-8 Stage II aircraft was sold for $6,300 during the month. These funds were remitted to Wells Fargo Bank in accordance with the Cash Collateral order. Additionally, all inventory has now been disposed of in connection with the various Auctions. Several 747 aircraft were sold by the Bondholders in the 4th quarter. These transactions are reflected in restricted cash in 12/00. - -------------------------------------------------------------------------------- - ----------------------------------- INSURANCE - -------------------------------------------------------------------------------- YES NO - -------------------------------------------------------------------------------- 1. ARE WORKER'S COMPENSATION, GENERAL LIABILITY AND OTHER NECESSARY INSURANCE COVERAGES IN EFFECT? X - -------------------------------------------------------------------------------- 2. ARE ALL PREMIUM PAYMENTS PAID CURRENT? X - -------------------------------------------------------------------------------- 3. PLEASE ITEMIZE POLICIES BELOW. - -------------------------------------------------------------------------------- IF THE ANSWER TO ANY OF THE ABOVE QUESTIONS IS "NO," OR IF ANY POLICIES HAVE BEEN CANCELLED OR NOT RENEWED DURING THIS REPORTING PERIOD, PROVIDE AN EXPLANATION BELOW. ATTACH ADDITIONAL SHEETS IF NECESSARY. - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- INSTALLMENT PAYMENTS - -------------------------------------------------------------------------------- TYPE OF PAYMENT AMOUNT POLICY CARRIER PERIOD COVERED & FREQUENCY - -------------------------------------------------------------------------------- See Kitty Hawk, Inc. Case #400-42141 - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- - ------------------------------------------- CASE NAME: KITTY HAWK INTERNATIONAL, INC. FOOTNOTES SUPPLEMENT - ------------------------------------------- CASE NUMBER: 400-42144 ACCRUAL BASIS - ------------------------------------------- MONTH: December 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 December 2000 consisted of costs associated with shut down procedures and maintaining collateral. - -------------------------------------------------------------------------------- 3 8 All cash received into the Company cash accounts is swept each night to Kitty Hawk, Inc. Master Account (see Case #400-42141). - -------------------------------------------------------------------------------- 3 31 All disbursements (either by wire transfer or check), including payroll, are disbursed out of the Kitty Hawk, Inc. controlled disbursement account. - -------------------------------------------------------------------------------- 4 6 All assessments of uncollectible accounts receivable are done at Kitty Hawk, Inc. Refer to Case #400-4214. All reserves are recorded at Inc. and pushed down to Inc.'s subsidiaries as deemed necessary. - -------------------------------------------------------------------------------- 3 28 All payments are made by Kitty Hawk, Inc. (Case #400-42141) - -------------------------------------------------------------------------------- 6 4 Secured credit AAR was paid in full by the Bondholders using cash they hold in escrow on behalf of Kitty Hawk. The note was paid in full in order to release liens on engines the Bondholders wanted to sell. - -------------------------------------------------------------------------------- 2 13 During December, the Company recorded a write down of approx $340 million related to the widebody aircraft. This is in connection with SFAS 121 - Impairment of long-lived assets. After the International operations ceased 5/1/00 and factors occuring in 4/00, the market value of the assets declined significantly below the current net book value. An adjustment to reduce the book value of these assets was recorded. - -------------------------------------------------------------------------------- CASE NAME: KITTY HAWK INTERNATIONAL, INC. CASE NUMBER: 400-42144 DETAILS OF OTHER ITEMS ACCRUAL BASIS-1 December 2000 8. OTHER (ATTACH LIST) $ (352,418,247)Reported ----------------------- Intercompany Receivables (368,269,384) A/R Senior Noteholders 475,039 A/R 401(k) Loan (4,535) A/R Insurance 133,954 A/R Auction Proceeds 220,865 A/R Aging Reconciling item 33,950 Deferred Taxes 13,097,746 Aircraft held for resale 699,701 Loan Org Costs 111,188 Deposits - Landing Fees 5,016 Deposits - Aircraft 434,321 Deposits - Rent 218,828 Security Deposit 425,064 ----------------------- (352,418,247)Detail ----------------------- - Difference 22. OTHER (ATTACH LIST) $ (148,803,341)Reported ----------------------- Accrued income taxes (148,904,755) Accrued Misc 89,664 Accrued US Trustee 250 Accrued Fuel 11,500 ----------------------- (148,803,341)Detail ----------------------- - Difference 27. OTHER (ATTACH LIST) $ 75,976,570 Reported ----------------------- Deferred Taxes 87,246,212 Accrued Taxes payable (18,954,646) Aircraft Maintenance Reserves - 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 (643,778) ----------------------- 75,976,570 Detail ----------------------- - Differnece ACCRUAL BASIS-2 13 OTHER (ATTACH LIST) $339,888,697 Reported ----------------------- ----------------------- Write down of Aircraft I/a/w SFAS 121 339,888,697 Detail ----------------------- - Difference ACCRUAL BASIS-2 16 NON-OPERATING INCOME (ATT. LIST) ($229,183)Reported ----------------------- Interest income on restricted cash investments (229,183) ----------------------- (229,183)Detail ----------------------- - Difference 21. OTHER (ATTACH LIST) 6,304,460 Reported ----------------------- Loss on Sales of Assets 6,304,460 Detail ----------------------- - Difference ACCRUAL BASIS-3 8. OTHER (ATTACH LIST) (35,092)Reported ----------------------- Expense petty cash usage (30,092) Transfer to Inc - all money sweeps (5,000)Detail ----------------------- to KH Inc. Case #400-42141 - Difference ----------------------- EX-99.5 6 0006.txt EXHIBIT 99.5 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: DECEMBER 31, 2000 IN ACCORDANCE WITH TITLE 28, SECTION 1746, OF THE UNITED STATES CODE, I DECLARE UNDER PENALTY OF PERJURY THAT I HAVE EXAMINED THE FOLLOWING MONTHLY OPERATING REPORT (ACCRUAL BASIS-1 THROUGH ACCRUAL BASIS-7) AND THE ACCOMPANYING ATTACHMENTS AND, TO THE BEST OF MY KNOWLEDGE, THESE DOCUMENTS ARE TRUE, CORRECT AND COMPLETE. DECLARATION OF THE PREPARER (OTHER THAN RESPONSIBLE PARTY): IS BASED ON ALL INFORMATION OF WHICH PREPARER HAS ANY KNOWLEDGE. RESPONSIBLE PARTY: /s/ DREW KEITH CHIEF FINANCIAL OFFICER - --------------------------------------- --------------------------- ORIGINAL SIGNATURE OF RESPONSIBLE PARTY TITLE DREW KEITH 1/31/01 - --------------------------------------- --------------------------- PRINTED NAME OF RESPONSIBLE PARTY DATE PREPARER: /s/ KEVIN K. CRAIG CONTROLLER, KITTY HAWK INC. - --------------------------------------- --------------------------- ORIGINAL SIGNATURE OF PREPARER TITLE KEVIN K. CRAIG 1/31/01 - --------------------------------------- --------------------------- 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 OCTOBER, 2000 NOVEMBER, 2000 DECEMBER, 2000 - ------------------------------------------------------------------------------------------------------------------------- 1. UNRESTRICTED CASH $11,403 $18,994 $6,500 - ------------------------------------------------------------------------------------------------------------------------- 2. RESTRICTED CASH $0 $0 $0 - ------------------------------------------------------------------------------------------------------------------------- 3. TOTAL CASH $0 $11,403 $18,994 $6,500 - ------------------------------------------------------------------------------------------------------------------------- 4. ACCOUNTS RECEIVABLE (NET) $41,314,895 $45,871,879 $41,823,498 $31,467,950 - ------------------------------------------------------------------------------------------------------------------------- 5. INVENTORY $0 $0 $0 - ------------------------------------------------------------------------------------------------------------------------- 6. NOTES RECEIVABLE $0 $0 $0 - ------------------------------------------------------------------------------------------------------------------------- 7. PREPAID EXPENSES $35,445 $110,446 $60,446 $0 - ------------------------------------------------------------------------------------------------------------------------- 8. OTHER (ATTACH LIST) $102,257,281 $29,257,302 $32,200,731 $34,704,363 - ------------------------------------------------------------------------------------------------------------------------- 9. TOTAL CURRENT ASSETS $143,607,621 $75,251,030 $74,103,669 $66,178,813 - ------------------------------------------------------------------------------------------------------------------------- 10. PROPERTY, PLANT & EQUIPMENT $2,455,211 $4,680,431 $4,673,382 $4,677,221 - ------------------------------------------------------------------------------------------------------------------------- 11. LESS: ACCUMULATED DEPRECIATION / DEPLETION $2,324,407 $2,404,743 $2,448,129 - ------------------------------------------------------------------------------------------------------------------------- 12. NET PROPERTY, PLANT & EQUIPMENT $2,455,211 $2,356,024 $2,268,639 $2,229,092 - ------------------------------------------------------------------------------------------------------------------------- 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 $146,062,832 $77,607,054 $76,372,308 $68,407,905 - ------------------------------------------------------------------------------------------------------------------------- POSTPETITION LIABILITIES - ------------------------------------------------------------------------------------------------------------------------- 17. ACCOUNTS PAYABLE $913,187 $878,600 $1,324,477 - ------------------------------------------------------------------------------------------------------------------------- 18. TAXES PAYABLE $1,040,314 $881,040 $825,105 - ------------------------------------------------------------------------------------------------------------------------- 19. NOTES PAYABLE $0 $0 $0 - ------------------------------------------------------------------------------------------------------------------------- 20. PROFESSIONAL FEES $0 $0 $0 - ------------------------------------------------------------------------------------------------------------------------- 21. SECURED DEBT $0 $0 $0 - ------------------------------------------------------------------------------------------------------------------------- 22. OTHER (ATTACH LIST) $1,830,980 $1,409,819 ($1,553,521) - ------------------------------------------------------------------------------------------------------------------------- 23. TOTAL POSTPETITION LIABILITIES $3,784,481 $3,169,459 $596,061 - ------------------------------------------------------------------------------------------------------------------------- PREPETITION LIABILITIES - ------------------------------------------------------------------------------------------------------------------------- 24. SECURED DEBT $0 $0 $0 - ------------------------------------------------------------------------------------------------------------------------- 25. PRIORITY DEBT $496,687 $0 $0 $0 - ------------------------------------------------------------------------------------------------------------------------- 26. UNSECURED DEBT $78,864,376 $5,091,940 $5,091,940 $5,091,940 - ------------------------------------------------------------------------------------------------------------------------- 27. OTHER (ATTACH LIST) $5,603,944 $5,603,944 $5,272,081 - ------------------------------------------------------------------------------------------------------------------------- 28. TOTAL PREPETITION LIABILITIES $79,361,063 $10,695,884 $10,695,884 $10,364,021 - ------------------------------------------------------------------------------------------------------------------------- 29. TOTAL LIABILITIES $79,361,063 $14,480,365 $13,865,343 $10,960,082 - ------------------------------------------------------------------------------------------------------------------------- EQUITY - ------------------------------------------------------------------------------------------------------------------------- 30. PREPETITION OWNERS' EQUITY $62,156,580 $62,156,580 $61,869,075 - ------------------------------------------------------------------------------------------------------------------------- 31. POSTPETITION CUMULATIVE PROFIT OR (LOSS) $970,109 $350,385 ($4,421,252) - ------------------------------------------------------------------------------------------------------------------------- 32. DIRECT CHARGES TO EQUITY (ATTACH EXPLANATION) $0 $0 $0 - ------------------------------------------------------------------------------------------------------------------------- 33. TOTAL EQUITY $0 $63,126,689 $62,506,965 $57,447,823 - ------------------------------------------------------------------------------------------------------------------------- 34. TOTAL LIABILITIES & OWNERS' EQUITY $79,361,063 $77,607,054 $76,372,308 $68,407,905 - -------------------------------------------------------------------------------------------------------------------------
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 OCTOBER, 2000 NOVEMBER, 2000 DECEMBER, 2000 TOTAL - ----------------------------------------------------------------------------------------------------------------------------- 1. GROSS REVENUES $16,789,197 $14,594,495 $9,644,462 $41,028,154 - ----------------------------------------------------------------------------------------------------------------------------- 2. LESS: RETURNS & DISCOUNTS $0 $0 $0 $0 - ----------------------------------------------------------------------------------------------------------------------------- 3. NET REVENUE $16,789,197 $14,594,495 $9,644,462 $41,028,154 - ----------------------------------------------------------------------------------------------------------------------------- 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 $16,789,197 $14,594,495 $9,644,462 $41,028,154 - ----------------------------------------------------------------------------------------------------------------------------- OPERATING EXPENSES - ----------------------------------------------------------------------------------------------------------------------------- 9. OFFICER / INSIDER COMPENSATION $13,788 $12,308 $21,538 $47,634 - ----------------------------------------------------------------------------------------------------------------------------- 10. SELLING & MARKETING $0 $0 $0 $0 - ----------------------------------------------------------------------------------------------------------------------------- 11. GENERAL & ADMINISTRATIVE $1,233,078 $1,136,404 $2,544,564 $4,914,046 - ----------------------------------------------------------------------------------------------------------------------------- 12. RENT & LEASE $283,767 $283,767 $304,688 $872,222 - ----------------------------------------------------------------------------------------------------------------------------- 13. OTHER (ATTACH LIST) $14,842,961 $13,973,625 $14,439,378 $43,255,964 - ----------------------------------------------------------------------------------------------------------------------------- 14. TOTAL OPERATING EXPENSES $16,373,594 $15,406,104 $17,310,168 $49,089,866 - ----------------------------------------------------------------------------------------------------------------------------- 15. INCOME BEFORE NON-OPERATING INCOME & EXPENSE $415,603 ($811,609) ($7,665,706) ($8,061,712) - ----------------------------------------------------------------------------------------------------------------------------- OTHER INCOME & EXPENSES - ----------------------------------------------------------------------------------------------------------------------------- 16. NON-OPERATING INCOME (ATT. LIST) ($2,500) $0 $0 ($2,500) - ----------------------------------------------------------------------------------------------------------------------------- 17. NON-OPERATING EXPENSE (ATT. LIST) $0 $1,168 $0 $1,168 - ----------------------------------------------------------------------------------------------------------------------------- 18. INTEREST EXPENSE $191,724 $135,854 $236,098 $563,676 - ----------------------------------------------------------------------------------------------------------------------------- 19. DEPRECIATION / DEPLETION $50,920 $84,217 $50,673 $185,810 - ----------------------------------------------------------------------------------------------------------------------------- 20. AMORTIZATION $0 $0 $0 $0 - ----------------------------------------------------------------------------------------------------------------------------- 21. OTHER (ATTACH LIST) $0 $0 $0 $0 - ----------------------------------------------------------------------------------------------------------------------------- 22. NET OTHER INCOME & EXPENSES $240,144 $221,239 $286,771 $748,154 - ----------------------------------------------------------------------------------------------------------------------------- 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 $0 $250 - ----------------------------------------------------------------------------------------------------------------------------- 27. INCOME TAX $70,183 ($413,140) ($3,181,090) ($3,524,047) - ----------------------------------------------------------------------------------------------------------------------------- 28. NET PROFIT (LOSS) $105,276 ($619,708) ($4,771,387) ($5,286,069) - -----------------------------------------------------------------------------------------------------------------------------
MONTHLY OPERATING REPORT - --------------------------------- CASE NAME: KITTY HAWK CARGO, INC. ACCRUAL BASIS-3 - --------------------------------- CASE NUMBER: 400-42145-BJH-11 02/13/95, RWD, 2/96 - ---------------------------------
- -------------------------------------------------------------------------------------------------------------------------------- CASH RECEIPTS AND MONTH MONTH MONTH QUARTER ------------------------------------------------------------------ DISBURSEMENTS OCTOBER, 2000 NOVEMBER, 2000 DECEMBER, 2000 TOTAL - -------------------------------------------------------------------------------------------------------------------------------- 1. CASH - BEGINNING OF MONTH $81,097 $11,404 $18,994 $81,097 - -------------------------------------------------------------------------------------------------------------------------------- RECEIPTS FROM OPERATIONS - -------------------------------------------------------------------------------------------------------------------------------- 2. CASH SALES $0 $0 $0 $0 - -------------------------------------------------------------------------------------------------------------------------------- COLLECTION OF ACCOUNTS RECEIVABLE - -------------------------------------------------------------------------------------------------------------------------------- 3. PREPETITION $0 $0 $0 $0 - -------------------------------------------------------------------------------------------------------------------------------- 4. POSTPETITION $12,727,770 $13,672,378 $13,779,280 $40,179,428 - -------------------------------------------------------------------------------------------------------------------------------- 5. TOTAL OPERATING RECEIPTS $12,727,770 $13,672,378 $13,779,280 $40,179,428 - -------------------------------------------------------------------------------------------------------------------------------- NON - OPERATING RECEIPTS - -------------------------------------------------------------------------------------------------------------------------------- 6. LOANS & ADVANCES (ATTACH LIST) $0 $0 $0 $0 - -------------------------------------------------------------------------------------------------------------------------------- 7. SALE OF ASSETS $0 $0 $0 $0 - -------------------------------------------------------------------------------------------------------------------------------- 8. OTHER (ATTACH LIST) ($12,797,463) ($13,664,788) ($13,846,051) ($40,308,302) - -------------------------------------------------------------------------------------------------------------------------------- 9. TOTAL NON-OPERATING RECEIPTS ($12,797,463) ($13,664,788) ($13,846,051) ($40,308,302) - -------------------------------------------------------------------------------------------------------------------------------- 10. TOTAL RECEIPTS ($69,693) $7,590 ($66,771) ($128,874) - -------------------------------------------------------------------------------------------------------------------------------- 11. TOTAL CASH AVAILABLE $11,404 $18,994 ($47,777) ($47,777) - -------------------------------------------------------------------------------------------------------------------------------- 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) ($54,277) ($54,277) - -------------------------------------------------------------------------------------------------------------------------------- 26. TOTAL OPERATING DISBURSEMENTS $0 $0 ($54,277) ($54,277) - -------------------------------------------------------------------------------------------------------------------------------- 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 ($54,277) ($54,277) - -------------------------------------------------------------------------------------------------------------------------------- 32. NET CASH FLOW ($69,693) $7,590 ($12,494) ($74,597) - -------------------------------------------------------------------------------------------------------------------------------- 33. CASH - END OF MONTH $11,404 $18,994 $6,500 $6,500 - --------------------------------------------------------------------------------------------------------------------------------
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 OCTOBER, 2000 NOVEMBER, 2000 DECEMBER, 2000 - ---------------------------------------------------------------------------------------------------------------------------------- 1. 0-30 $21,518,319 $17,299,434 $23,185,336 $21,771,874 - ---------------------------------------------------------------------------------------------------------------------------------- 2. 31-60 $14,127,296 $9,839,660 $2,083,332 $1,418,695 - ---------------------------------------------------------------------------------------------------------------------------------- 3. 61-90 $2,070,404 $2,066,187 $583,922 $407,648 - ---------------------------------------------------------------------------------------------------------------------------------- 4. 91+ $3,598,876 $10,647,856 $9,858,516 $6,610,655 - ---------------------------------------------------------------------------------------------------------------------------------- 5. TOTAL ACCOUNTS RECEIVABLE $41,314,895 $39,853,137 $35,711,106 $30,208,872 - ---------------------------------------------------------------------------------------------------------------------------------- 6. AMOUNT CONSIDERED UNCOLLECTIBLE - ---------------------------------------------------------------------------------------------------------------------------------- 7. ACCOUNTS RECEIVABLE (NET) $41,314,895 $39,853,137 $35,711,106 $30,208,872 - ---------------------------------------------------------------------------------------------------------------------------------- - ------------------------------------------------------------------------------------- AGING OF POSTPETITION TAXES AND PAYABLES MONTH: DECEMBER, 2000 - ------------------------------------------------------------------------------------------------------------------------------------ 0-30 31-60 61-90 91+ TAXES PAYABLE DAYS DAYS DAYS DAYS TOTAL - ------------------------------------------------------------------------------------------------------------------------------------ 1. FEDERAL $825,105 $825,105 - ------------------------------------------------------------------------------------------------------------------------------------ 2. STATE $0 - ------------------------------------------------------------------------------------------------------------------------------------ 3. LOCAL $0 - ------------------------------------------------------------------------------------------------------------------------------------ 4. OTHER (ATTACH LIST) $0 - ------------------------------------------------------------------------------------------------------------------------------------ 5. TOTAL TAXES PAYABLE $825,105 $0 $0 $0 $825,105 - ------------------------------------------------------------------------------------------------------------------------------------ 6. ACCOUNTS PAYABLE $894,214 $109,605 $36,231 $284,427 $1,324,477 - ------------------------------------------------------------------------------------------------------------------------------------ - --------------------------------------------- STATUS OF POSTPETITION TAXES MONTH: DECEMBER, 2000 - ------------------------------------------------------------------------------------------------------------------------------------ BEGINNING AMOUNT ENDING TAX WITHHELD AND/ AMOUNT TAX FEDERAL LIABILITY* 0R ACCRUED PAID LIABILITY - ------------------------------------------------------------------------------------------------------------------------------------ 1. WITHHOLDING** $0 $422,727 $422,727 $0 - ------------------------------------------------------------------------------------------------------------------------------------ 2. FICA-EMPLOYEE** $0 $0 - ------------------------------------------------------------------------------------------------------------------------------------ 3. FICA-EMPLOYER** $0 $0 - ------------------------------------------------------------------------------------------------------------------------------------ 4. UNEMPLOYMENT $0 $0 - ------------------------------------------------------------------------------------------------------------------------------------ 5. INCOME $0 $0 - ------------------------------------------------------------------------------------------------------------------------------------ 6. OTHER (ATTACH LIST) $881,040 $825,105 $881,040 $825,105 - ------------------------------------------------------------------------------------------------------------------------------------ 7. TOTAL FEDERAL TAXES $881,040 $1,247,832 $1,303,767 $825,105 - ------------------------------------------------------------------------------------------------------------------------------------ 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 $881,040 $1,247,832 $1,303,767 $825,105 - ------------------------------------------------------------------------------------------------------------------------------------
* 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: DECEMBER, 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 $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. N/A - ----------------------------------------------------------------------------------------------------------------------------------- 8. - ----------------------------------------------------------------------------------------------------------------------------------- 9. - ----------------------------------------------------------------------------------------------------------------------------------- 10. - ----------------------------------------------------------------------------------------------------------------------------------- 11. TOTAL INVESTMENTS $0 $0 - ----------------------------------------------------------------------------------------------------------------------------------- CASH - ----------------------------------------------------------------------------------------------------------------------------------- 12. CURRENCY ON HAND $6,500 - ----------------------------------------------------------------------------------------------------------------------------------- 13. TOTAL CASH - END OF MONTH $6,500 - -----------------------------------------------------------------------------------------------------------------------------------
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: DECEMBER, 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 $21,538 $98,165 - ------------------------------------------------------------------------------------------------------ 2. - ------------------------------------------------------------------------------------------------------ 3. - ------------------------------------------------------------------------------------------------------ 4. - ------------------------------------------------------------------------------------------------------ 5. - ------------------------------------------------------------------------------------------------------ 6. TOTAL PAYMENTS TO INSIDERS $21,538 $98,165 - ------------------------------------------------------------------------------------------------------ - --------------------------------------------------------------------------------------------------------------------------------- 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 $184,600 $0 - ----------------------------------------------------------------------------------------------------------------------- 2. Ridgely - City of Philadelphia - PHL $25,508 $46,429 $0 - ----------------------------------------------------------------------------------------------------------------------- 3. NY/NJ Airport Authority - EWR $27,792 $28,437 $0 - ----------------------------------------------------------------------------------------------------------------------- 4. City of Los Angeles - LAX $39,562 $34,022 $0 - ----------------------------------------------------------------------------------------------------------------------- 5. Airport Group Int'l - ATL $11,550 $11,200 $0 - ----------------------------------------------------------------------------------------------------------------------- 6. TOTAL $287,889 $304,688 $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: DECEMBER, 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. FOOTNOTES SUPPLEMENT - --------------------------------- CASE NUMBER: 400-42145-BJH-11 ACCRUAL BASIS - ---------------------------------
MONTH: December 2000 - -------------------------------------------------------------------------------------------------------------- ACCRUAL BASIS LINE FORM NUMBER NUMBER FOOTNOTE / EXPLANATION - -------------------------------------------------------------------------------------------------------------- 6 All Professional fees related to the Reorganization of the Company are disbursed out of Kitty Hawk, Inc. (Parent Company). Refer to Case # 400-42141 - -------------------------------------------------------------------------------------------------------------- - -------------------------------------------------------------------------------------------------------------- 7 All insurance plans related to the Company are carried at Kitty Hawk, Inc. (Parent Company). Refer to Case # 400-42141. - -------------------------------------------------------------------------------------------------------------- - -------------------------------------------------------------------------------------------------------------- 3 3 The current general ledger system is not able to provide a detail of customer cash receipts segregated by prepetion accounts receivable and post petition accounts receivable. Therefore, cash receipts is provided in total for the month. - -------------------------------------------------------------------------------------------------------------- - -------------------------------------------------------------------------------------------------------------- 3 8 All cash received into the Company cash accounts is swept each night to Kitty Hawk, Inc. Master Account (see Case #400-42141). - -------------------------------------------------------------------------------------------------------------- - -------------------------------------------------------------------------------------------------------------- 3 31 All disbursements (either by wire transfer or check), including payroll are disbursed out of the Kitty Hawk, Inc. controlled disbursement account. - -------------------------------------------------------------------------------------------------------------- - -------------------------------------------------------------------------------------------------------------- 4 6 All assessment of uncollectible accounts receivable are done at Kitty Hawk, Inc. Refer to Case #400-4214. All reserves are recorded at Inc. and pushed down to Inc.'s subsidiaries as deemed necessary. - -------------------------------------------------------------------------------------------------------------- - -------------------------------------------------------------------------------------------------------------- 4 7 The A/R aging does not reconcile to the general ledger due to historical system problems. In addition, A/R aging is for Trade A/R only. - -------------------------------------------------------------------------------------------------------------- - -------------------------------------------------------------------------------------------------------------- 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 Cargo Aging. Company is working on clearing these items. - -------------------------------------------------------------------------------------------------------------- - -------------------------------------------------------------------------------------------------------------- 1 30 Prepetition Owner's Equity Changes due to 1999 Audit Adjustments and other prepetition adjustments - -------------------------------------------------------------------------------------------------------------- - -------------------------------------------------------------------------------------------------------------- 3 25 Adjustment made to reconcile Cash Accounts. Amount due to overexpense of Petty Cash funds. - --------------------------------------------------------------------------------------------------------------
CASE NAME: KITTY HAWK CARGO, INC CASE NUMBER: 400-42145-BJH-11 DETAILS OF OTHER ITEMS DECEMBER, 2000 ACCRUAL BASIS-1 8. OTHER (ATTACH LIST) $ 34,704,363 Reported ----------------- Net of all I/C Accts Receivable/Payable 34,484,149 Intangibles - Other 154,458 Deposits 65,756 ----------------- 34,704,363 Detail ----------------- - Difference ----------------- 22. OTHER (ATTACH LIST) $ (1,553,521)Reported ----------------- Accrued Liabilities 1,100,262 Accrued Salaries & PR Taxes 298,061 Less: FET Taxes Payable (Line 18) (825,105) Post-petition Fed Inc Tax (2,126,739) ----------------- *** FET recorded in Taxes Payable (1,553,521)Detail ----------------- - Difference ----------------- 27. OTHER (ATTACH LIST) $ 5,272,081 Reported ----------------- Pre-petition Fed Inc Tax 4,022,982 Pre-petition Deposits 479,840 Pre-petition Taxes Other - Pre-petition Accrued Liabilities 769,259 ----------------- 5,272,081 Detail ----------------- - Difference ----------------- ACCRUAL BASIS-2 13. OTHER (ATTACH LIST) $14,439,378 Reported ----------------- Aircraft Costs 2,281,760 I/C Aircraft Costs (KHA) 5,296,171 KHC Ground Handling (Operations Payroll) 1,114,897 Outstation Ground Handling 1,321,371 Trucking Costs 495,113 Fuel 3,447,765 Contract Labor 69,103 Other 413,198 ----------------- 14,439,378 Detail ----------------- - Difference ACCRUAL BASIS-3 8. OTHER (ATTACH LIST) (13,846,051)Reported ----------------- Transfer to Inc - all money sweeps (13,846,051)Detail ----------------- to KH Inc. Case #400-42141 - Difference ----------------- ACCRUAL BASIS-4 6. OTHER (ATTACH LIST) 1,706,145 Reported ----------------- FET (720) 11/01-15/00 Pd 12/11 497,501 FET (720) 11/15-30/00 Pd 12/27 383,539 FET (720) 12/01-31/00 825,105 ----------------- 1,706,145 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: DECEMBER 31, 2000 IN ACCORDANCE WITH TITLE 28, SECTION 1746, OF THE UNITED STATES CODE, I DECLARE UNDER PENALTY OF PERJURY THAT I HAVE EXAMINED THE FOLLOWING MONTHLY OPERATING REPORT (ACCRUAL BASIS-1 THROUGH ACCRUAL BASIS-7) AND THE ACCOMPANYING ATTACHMENTS AND, TO THE BEST OF MY KNOWLEDGE, THESE DOCUMENTS ARE TRUE, CORRECT AND COMPLETE. DECLARATION OF THE PREPARER (OTHER THAN RESPONSIBLE PARTY): IS BASED ON ALL INFORMATION OF WHICH PREPARER HAS ANY KNOWLEDGE. RESPONSIBLE PARTY: /s/ DREW KEITH Chief Financial Officer - --------------------------------------- ---------------------------------- ORIGINAL SIGNATURE OF RESPONSIBLE PARTY TITLE Drew Keith 1/22/01 - --------------------------------------- ---------------------------------- PRINTED NAME OF RESPONSIBLE PARTY DATE PREPARER: /s/ JESSICA L. WILSON Chief Accounting Officer - --------------------------------------- ---------------------------------- ORIGINAL SIGNATURE OF PREPARER TITLE Jessica L. Wilson 1/22/01 - --------------------------------------- ---------------------------------- 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 - ------------------------------------------------------------------------------------------------------------- SCHEDULE MONTH MONTH MONTH --------------------------------------------------- ASSETS AMOUNT OCTOBER 2000 NOVEMBER 2000 DECEMBER 2000 - ------------------------------------------------------------------------------------------------------------- 1. UNRESTRICTED CASH $299,835 $223,286 $380,328 $68,784 - ------------------------------------------------------------------------------------------------------------- 2. RESTRICTED CASH $0 $0 $0 $0 - ------------------------------------------------------------------------------------------------------------- 3. TOTAL CASH $299,835 $223,286 $380,328 $68,784 - ------------------------------------------------------------------------------------------------------------- 4. ACCOUNTS RECEIVABLE (NET) $569,077 $653,601 $641,882 $711,529 - ------------------------------------------------------------------------------------------------------------- 5. INVENTORY $4,135,448 $4,204,254 $4,317,035 $4,565,558 - ------------------------------------------------------------------------------------------------------------- 6. NOTES RECEIVABLE $0 $0 $0 $0 - ------------------------------------------------------------------------------------------------------------- 7. PREPAID EXPENSES $0 $0 $0 $0 - ------------------------------------------------------------------------------------------------------------- 8. OTHER (ATTACH LIST) $30,000 ($1,003,140) ($875,522) ($1,047,230) - ------------------------------------------------------------------------------------------------------------- 9. TOTAL CURRENT ASSETS $5,034,360 $4,078,001 $4,463,723 $4,298,641 - ------------------------------------------------------------------------------------------------------------- 10. PROPERTY, PLANT & EQUIPMENT $474,012 $602,914 $604,429 $604,429 - ------------------------------------------------------------------------------------------------------------- 11. LESS: ACCUMULATED DEPRECIATION / DEPLETION $0 $117,398 $121,670 $125,945 - ------------------------------------------------------------------------------------------------------------- 12. NET PROPERTY, PLANT & EQUIPMENT $474,012 $485,516 $482,759 $478,484 - ------------------------------------------------------------------------------------------------------------- 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 $4,563,517 $4,946,482 $4,777,125 - ------------------------------------------------------------------------------------------------------------- POSTPETITION LIABILITIES - ------------------------------------------------------------------------------------------------------------- 17. ACCOUNTS PAYABLE $30,895 $15,120 $37,672 - ------------------------------------------------------------------------------------------------------------- 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 $60 $0 - ------------------------------------------------------------------------------------------------------------- 23. TOTAL POSTPETITION LIABILITIES $30,895 $15,180 $37,672 - ------------------------------------------------------------------------------------------------------------- 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 $524,568 - ------------------------------------------------------------------------------------------------------------- 27. OTHER (ATTACH LIST) $0 $0 $0 $0 - ------------------------------------------------------------------------------------------------------------- 28. TOTAL PREPETITION LIABILITIES $521,822 $522,843 $522,843 $524,568 - ------------------------------------------------------------------------------------------------------------- 29. TOTAL LIABILITIES $521,822 $553,738 $538,023 $562,240 - ------------------------------------------------------------------------------------------------------------- EQUITY - ------------------------------------------------------------------------------------------------------------- 30. PREPETITION OWNERS' EQUITY $3,790,619 $3,790,619 $3,790,619 - ------------------------------------------------------------------------------------------------------------- 31. POSTPETITION CUMULATIVE PROFIT OR (LOSS) $219,160 $617,840 $424,266 - ------------------------------------------------------------------------------------------------------------- 32. DIRECT CHARGES TO EQUITY (ATTACH EXPLANATION) - ------------------------------------------------------------------------------------------------------------- 33. TOTAL EQUITY $0 $4,009,779 $4,408,459 $4,214,885 - ------------------------------------------------------------------------------------------------------------- 34. TOTAL LIABILITIES & OWNERS' EQUITY $521,822 $4,563,517 $4,946,482 $4,777,125 - -------------------------------------------------------------------------------------------------------------
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 OCTOBER 2000 NOVEMBER 2000 DECEMBER 2000 TOTAL - ------------------------------------------------------------------------------------------------------------- 1. GROSS REVENUES $480,483 $541,841 $308,862 $1,331,186 - ------------------------------------------------------------------------------------------------------------- 2. LESS: RETURNS & DISCOUNTS $0 $0 $0 $0 - ------------------------------------------------------------------------------------------------------------- 3. NET REVENUE $480,483 $541,841 $308,862 $1,331,186 - ------------------------------------------------------------------------------------------------------------- COST OF GOODS SOLD - ------------------------------------------------------------------------------------------------------------- 4. MATERIAL $222,654 $83,019 $382,110 $687,783 - ------------------------------------------------------------------------------------------------------------- 5. DIRECT LABOR $50,717 $28,767 $49,952 $129,436 - ------------------------------------------------------------------------------------------------------------- 6. DIRECT OVERHEAD $7,662 $2,493 $10,105 $20,260 - ------------------------------------------------------------------------------------------------------------- 7. TOTAL COST OF GOODS SOLD $281,033 $114,279 $442,167 $837,479 - ------------------------------------------------------------------------------------------------------------- 8. GROSS PROFIT $199,450 $427,562 ($133,305) $493,707 - ------------------------------------------------------------------------------------------------------------- OPERATING EXPENSES - ------------------------------------------------------------------------------------------------------------- 9. OFFICER / INSIDER COMPENSATION $6,274 $4,615 $0 $10,889 - ------------------------------------------------------------------------------------------------------------- 10. SELLING & MARKETING $648 $206 $205 $1,059 - ------------------------------------------------------------------------------------------------------------- 11. GENERAL & ADMINISTRATIVE $30,436 $28,905 $46,879 $106,220 - ------------------------------------------------------------------------------------------------------------- 12. RENT & LEASE $3,010 $2,795 $3,912 $9,717 - ------------------------------------------------------------------------------------------------------------- 13. OTHER (ATTACH LIST) ($4,694) ($11,910) $0 ($16,604) - ------------------------------------------------------------------------------------------------------------- 14. TOTAL OPERATING EXPENSES $35,674 $24,611 $50,996 $111,281 - ------------------------------------------------------------------------------------------------------------- 15. INCOME BEFORE NON-OPERATING INCOME & EXPENSE $163,776 $402,951 ($184,301) $382,426 - ------------------------------------------------------------------------------------------------------------- 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 $4,229 $4,273 $4,273 $12,775 - ------------------------------------------------------------------------------------------------------------- 20. AMORTIZATION $0 $0 $0 $0 - ------------------------------------------------------------------------------------------------------------- 21. OTHER (ATTACH LIST) $0 $0 $0 $0 - ------------------------------------------------------------------------------------------------------------- 22. NET OTHER INCOME & EXPENSES $4,229 $4,273 $4,273 $12,775 - ------------------------------------------------------------------------------------------------------------- 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) $159,547 $398,678 ($193,574) $364,651 - -------------------------------------------------------------------------------------------------------------
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 QUARTER CASH RECEIPTS AND ------------------------------------------------------------ DISBURSEMENTS OCTOBER 2000 NOVEMBER 2000 DECEMBER 2000 TOTAL - --------------------------------------------------------------------------------------------------------- 1. CASH - BEGINNING OF MONTH $292,736 $223,286 $380,328 $292,736 - --------------------------------------------------------------------------------------------------------- RECEIPTS FROM OPERATIONS - --------------------------------------------------------------------------------------------------------- 2. CASH SALES $0 $0 $0 $0 - --------------------------------------------------------------------------------------------------------- COLLECTION OF ACCOUNTS RECEIVABLE - --------------------------------------------------------------------------------------------------------- 3. PREPETITION $5,000 $750 $5,000 $10,750 - --------------------------------------------------------------------------------------------------------- 4. POSTPETITION $329,297 $565,659 $241,455 $1,136,411 - --------------------------------------------------------------------------------------------------------- 5. TOTAL OPERATING RECEIPTS $334,297 $566,409 $246,455 $1,147,161 - --------------------------------------------------------------------------------------------------------- NON - OPERATING RECEIPTS - --------------------------------------------------------------------------------------------------------- 6. LOANS & ADVANCES (ATTACH LIST) $0 $0 $0 $0 - --------------------------------------------------------------------------------------------------------- 7. SALE OF ASSETS $0 $0 $0 $0 - --------------------------------------------------------------------------------------------------------- 8. OTHER (ATTACH LIST) $6,839 $11,697 $1,060 $19,596 - --------------------------------------------------------------------------------------------------------- 9. TOTAL NON-OPERATING RECEIPTS $6,839 $11,697 $1,060 $19,596 - --------------------------------------------------------------------------------------------------------- 10. TOTAL RECEIPTS $341,136 $578,106 $247,515 $1,166,757 - --------------------------------------------------------------------------------------------------------- 11. TOTAL CASH AVAILABLE $633,872 $801,392 $627,843 $1,459,493 - --------------------------------------------------------------------------------------------------------- OPERATING DISBURSEMENTS - --------------------------------------------------------------------------------------------------------- 12. NET PAYROLL $57,762 $57,224 $53,387 $168,373 - --------------------------------------------------------------------------------------------------------- 13. PAYROLL TAXES PAID $4,189 $3,946 $3,763 $11,898 - --------------------------------------------------------------------------------------------------------- 14. SALES, USE & OTHER TAXES PAID $0 $0 $0 $0 - --------------------------------------------------------------------------------------------------------- 15. SECURED / RENTAL / LEASES $2,777 $2,930 $2,994 $8,701 - --------------------------------------------------------------------------------------------------------- 16. UTILITIES $2,917 $3,873 $1,459 $8,249 - --------------------------------------------------------------------------------------------------------- 17. INSURANCE $0 $0 $0 $0 - --------------------------------------------------------------------------------------------------------- 18. INVENTORY PURCHASES $232,725 $270,974 $370,436 $874,135 - --------------------------------------------------------------------------------------------------------- 19. VEHICLE EXPENSES $0 $281 $0 $281 - --------------------------------------------------------------------------------------------------------- 20. TRAVEL $636 $894 $2,836 $4,366 - --------------------------------------------------------------------------------------------------------- 21. ENTERTAINMENT $535 $553 $113 $1,201 - --------------------------------------------------------------------------------------------------------- 22. REPAIRS & MAINTENANCE $80,551 $52,340 $49,815 $182,706 - --------------------------------------------------------------------------------------------------------- 23. SUPPLIES $6,064 $5,401 $3,813 $15,278 - --------------------------------------------------------------------------------------------------------- 24. ADVERTISING $636 $230 $206 $1,072 - --------------------------------------------------------------------------------------------------------- 25. OTHER (ATTACH LIST) $16,794 $22,418 $70,237 $109,449 - --------------------------------------------------------------------------------------------------------- 26. TOTAL OPERATING DISBURSEMENTS $405,586 $421,064 $559,059 $1,385,709 - --------------------------------------------------------------------------------------------------------- REORGANIZATION EXPENSES - --------------------------------------------------------------------------------------------------------- 27. PROFESSIONAL FEES $0 $0 $0 $0 - --------------------------------------------------------------------------------------------------------- 28. U.S. TRUSTEE FEES $5,000 $0 $0 $5,000 - --------------------------------------------------------------------------------------------------------- 29. OTHER (ATTACH LIST) $0 $0 $0 $0 - --------------------------------------------------------------------------------------------------------- 30. TOTAL REORGANIZATION EXPENSES $5,000 $0 $0 $5,000 - --------------------------------------------------------------------------------------------------------- 31. TOTAL DISBURSEMENTS $410,586 $421,064 $559,059 $1,390,709 - --------------------------------------------------------------------------------------------------------- 32. NET CASH FLOW ($69,450) $157,042 ($311,544) ($223,952) - --------------------------------------------------------------------------------------------------------- 33. CASH - END OF MONTH $223,286 $380,328 $68,784 $68,784 - ---------------------------------------------------------------------------------------------------------
MONTHLY OPERATING REPORT - ----------------------------- CASE NAME: OK TURBINES, INC. ACCRUAL BASIS-4 - ----------------------------- CASE NUMBER: 400-42146-BJH-11 02/13/95, RWD, 2/96 - -----------------------------
- ------------------------------------------------------------------------------------------------------ SCHEDULE MONTH MONTH MONTH ------------------------------------------------ ACCOUNTS RECEIVABLE AGING AMOUNT OCTOBER 2000 NOVEMBER 2000 DECEMBER 2000 - ------------------------------------------------------------------------------------------------------ 1. 0-30 $359,091 $284,783 $273,769 - ------------------------------------------------------------------------------------------------------ 2. 31-60 $80,395 $173,577 $202,340 - ------------------------------------------------------------------------------------------------------ 3. 61-90 $23,064 $46,397 $103,693 - ------------------------------------------------------------------------------------------------------ 4. 91+ $201,215 $146,563 $141,165 - ------------------------------------------------------------------------------------------------------ 5. TOTAL ACCOUNTS RECEIVABLE $0 $663,765 $651,320 $720,967 - ------------------------------------------------------------------------------------------------------ 6. AMOUNT CONSIDERED UNCOLLECTIBLE $10,163 $9,438 $9,438 - ------------------------------------------------------------------------------------------------------ 7. ACCOUNTS RECEIVABLE (NET) $0 $653,602 $641,882 $711,529 - ------------------------------------------------------------------------------------------------------ - ---------------------------------------- AGING OF POSTPETITION TAXES AND PAYABLES MONTH: December 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 $37,756 $0 $0 ($84) $37,672 - ----------------------------------------------------------------------------------------------------- - ---------------------------- STATUS OF POSTPETITION TAXES MONTH: December 2000 - ------------------------------------------------------------------------------------------------------ BEGINNING AMOUNT ENDING TAX WITHHELD AND/ AMOUNT TAX FEDERAL LIABILITY* 0R ACCRUED PAID LIABILITY - ------------------------------------------------------------------------------------------------------ 1. WITHHOLDING** $0 $0 $0 $0 - ------------------------------------------------------------------------------------------------------ 2. FICA-EMPLOYEE** $0 $0 $0 $0 - ------------------------------------------------------------------------------------------------------ 3. FICA-EMPLOYER** $0 $0 $0 $0 - ------------------------------------------------------------------------------------------------------ 4. UNEMPLOYMENT $0 $0 $0 $0 - ------------------------------------------------------------------------------------------------------ 5. INCOME $0 $0 $0 $0 - ------------------------------------------------------------------------------------------------------ 6. OTHER (ATTACH LIST) $0 $0 $0 $0 - ------------------------------------------------------------------------------------------------------ 7. TOTAL FEDERAL TAXES $0 $0 $0 $0 - ------------------------------------------------------------------------------------------------------ STATE AND LOCAL - ------------------------------------------------------------------------------------------------------ 8. WITHHOLDING $0 $0 $0 $0 - ------------------------------------------------------------------------------------------------------ 9. SALES $0 $0 $0 $0 - ------------------------------------------------------------------------------------------------------ 10. EXCISE $0 $0 $0 $0 - ------------------------------------------------------------------------------------------------------ 11. UNEMPLOYMENT $0 $0 $0 $0 - ------------------------------------------------------------------------------------------------------ 12. REAL PROPERTY $0 $0 $0 $0 - ------------------------------------------------------------------------------------------------------ 13. PERSONAL PROPERTY $0 $0 $0 $0 - ------------------------------------------------------------------------------------------------------ 14. OTHER (ATTACH LIST) $0 $0 $0 $0 - ------------------------------------------------------------------------------------------------------ 15. TOTAL STATE & LOCAL $0 $0 $0 $0 - ------------------------------------------------------------------------------------------------------ 16. TOTAL TAXES $0 $0 $0 $0 - ------------------------------------------------------------------------------------------------------
* The beginning tax liability should represent the liability from the prior month or, if this is the first operating report, the amount should be zero. ** Attach photocopies of IRS Form 6123 or your FTD coupon and payment receipt to verify payment or deposit. MONTHLY OPERATING REPORT - ------------------------------ CASE NAME: OK TURBINES, INC. ACCRUAL BASIS-5 - ------------------------------ CASE NUMBER: 400-42146-BJH-11 02/13/95, RWD, 2/96 - ------------------------------ The debtor in possession must complete the reconciliation below for each bank account, including all general, payroll and tax accounts, as well as all savings and investment accounts, money market accounts, certificates of deposit, government obligations, etc. Accounts with restricted funds should be identified by placing an asterisk next to the account number. Attach additional sheets if necessary.
MONTH: December 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 $111,544 $0 $0 $111,544 - ------------------------------------------------------------------------------------------------------------------------------ 2. ADD: TOTAL DEPOSITS NOT CREDITED $0 $0 $0 $0 - ------------------------------------------------------------------------------------------------------------------------------ 3. SUBTRACT: OUTSTANDING CHECKS $43,114 $0 $0 $43,114 - ------------------------------------------------------------------------------------------------------------------------------ 4. OTHER RECONCILING ITEMS $0 $0 $0 $0 - ------------------------------------------------------------------------------------------------------------------------------ 5. MONTH END BALANCE PER BOOKS $68,430 $0 $0 $68,430 - ------------------------------------------------------------------------------------------------------------------------------ 6. NUMBER OF LAST CHECK WRITTEN 5867 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 $354 - --------------------------------------------------------------------------------------------------------------------- 13. TOTAL CASH - END OF MONTH $68,784 - ---------------------------------------------------------------------------------------------------------------------
MONTHLY OPERATING REPORT - ----------------------------- CASE NAME: OK TURBINES, INC. ACCRUAL BASIS-6 - ----------------------------- CASE NUMBER: 400-42146-BJH-11 02/13/95, RWD, 2/96 - ----------------------------- MONTH: DECEMBER 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 $4,270 $23,011 - ------------------------------------------------------------------------------------------------------------- 2. GREGG NIMMO Salary $6,923 $61,444 - ------------------------------------------------------------------------------------------------------------- 3. - ------------------------------------------------------------------------------------------------------------- 4. - ------------------------------------------------------------------------------------------------------------- 5. - ------------------------------------------------------------------------------------------------------------- 6. TOTAL PAYMENTS TO INSIDERS $11,193 $84,455 - ------------------------------------------------------------------------------------------------------------- - --------------------------------------------------------------------------------------------------------------------------------- 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 $2,334 $0 - ----------------------------------------------------------------------------------------------------------------------------------- 2. Other various $659 $0 - ----------------------------------------------------------------------------------------------------------------------------------- 3. N/A - ----------------------------------------------------------------------------------------------------------------------------------- 4. N/A - ----------------------------------------------------------------------------------------------------------------------------------- 5. N/A - ----------------------------------------------------------------------------------------------------------------------------------- 6. TOTAL $2,395 $2,993 $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: December 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: December 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. - ----------------------------------------------------------------------------------------------------------- - -----------------------------------------------------------------------------------------------------------
MONTHLY OPERATING REPORT CASE NAME: OK TURBINES, INC. ACCRUAL BASIS CASE NUMBER: 400-42146-BJH-11 02/13/95, RWD, 2/96 DETAILS OF OTHER ITEMS ACCRUAL BASIS-1 December 2000 8. OTHER (ATTACH LIST) $ (1,047,230)Reported -------------------- Intercompany Receivables (1,122,170) Uncollectible A/R 9,439 Security Deposit 65,501 -------------------- (1,047,230)Detail -------------------- - Difference ACCRUAL BASIS-3 8. OTHER (ATTACH LIST) $ 1,060 Reported -------------------- Customer refund 1,060 Detail -------------------- - Difference 25. OTHER (ATTACH LIST) 70,237 Reported -------------------- Freight 7,140 Fuel 2,068 Licenses and Fees 130 Transfer to KH Charters 50,000 Outside Services 3,683 Refunds 2,637 Bank Fee - Misc 77 Subscription 4,502 -------------------- 70,237 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: DECEMBER 31, 2000 IN ACCORDANCE WITH TITLE 28, SECTION 1746, OF THE UNITED STATES CODE, I DECLARE UNDER PENALTY OF PERJURY THAT I HAVE EXAMINED THE FOLLOWING MONTHLY OPERATING REPORT (ACCRUAL BASIS-1 THROUGH ACCRUAL BASIS-7) AND THE ACCOMPANYING ATTACHMENTS AND, TO THE BEST OF MY KNOWLEDGE, THESE DOCUMENTS ARE TRUE, CORRECT AND COMPLETE. DECLARATION OF THE PREPARER (OTHER THAN RESPONSIBLE PARTY): IS BASED ON ALL INFORMATION OF WHICH PREPARER HAS ANY KNOWLEDGE. RESPONSIBLE PARTY: /s/ DREW KEITH Chief Financial Officer - --------------------------------------- ---------------------------------- ORIGINAL SIGNATURE OF RESPONSIBLE PARTY TITLE Drew Keith 1/22/01 - --------------------------------------- ---------------------------------- PRINTED NAME OF RESPONSIBLE PARTY DATE PREPARER: /s/ JESSICA L. WILSON Chief Accounting Officer - --------------------------------------- ---------------------------------- ORIGINAL SIGNATURE OF PREPARER TITLE Jessica L. Wilson 1/22/01 - --------------------------------------- ---------------------------------- 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 October 2000 November 2000 December 2000 - ------------------------------------------------------------------------------------------------------------------ 1. UNRESTRICTED CASH $3,646 $5,471 $0 $0 - ------------------------------------------------------------------------------------------------------------------ 2. RESTRICTED CASH $0 $0 $0 - ------------------------------------------------------------------------------------------------------------------ 3. TOTAL CASH $3,646 $5,471 $0 $0 - ------------------------------------------------------------------------------------------------------------------ 4. ACCOUNTS RECEIVABLE (NET) $76,002 $7,175 $6,995 $3,601 - ------------------------------------------------------------------------------------------------------------------ 5. INVENTORY $0 $0 $0 - ------------------------------------------------------------------------------------------------------------------ 6. NOTES RECEIVABLE $0 $0 $0 - ------------------------------------------------------------------------------------------------------------------ 7. PREPAID EXPENSES $0 $0 $0 - ------------------------------------------------------------------------------------------------------------------ 8. OTHER (ATTACH LIST) $375,137 $655,823 $655,072 $756,038 - ------------------------------------------------------------------------------------------------------------------ 9. TOTAL CURRENT ASSETS $454,785 $668,469 $662,067 $759,639 - ------------------------------------------------------------------------------------------------------------------ 10. PROPERTY, PLANT & EQUIPMENT $120,412 $162,895 $162,895 $0 - ------------------------------------------------------------------------------------------------------------------ 11. LESS: ACCUMULATED DEPRECIATION / DEPLETION $65,573 $65,573 $0 - ------------------------------------------------------------------------------------------------------------------ 12. NET PROPERTY, PLANT & EQUIPMENT $120,412 $97,322 $97,322 $0 - ------------------------------------------------------------------------------------------------------------------ 13. DUE FROM INSIDERS $0 $0 $0 - ------------------------------------------------------------------------------------------------------------------ 14. OTHER ASSETS - NET OF AMORTIZATION (ATTACH LIST) $2,892,844 $2,723,098 $2,723,098 $2,723,098 - ------------------------------------------------------------------------------------------------------------------ 15. OTHER (ATTACH LIST) $0 $0 $0 - ------------------------------------------------------------------------------------------------------------------ 16. TOTAL ASSETS $3,468,041 $3,488,889 $3,482,487 $3,482,737 - ------------------------------------------------------------------------------------------------------------------ POSTPETITION LIABILITIES - ------------------------------------------------------------------------------------------------------------------ 17. ACCOUNTS PAYABLE $0 $0 $250 - ------------------------------------------------------------------------------------------------------------------ 18. TAXES PAYABLE $238 ($164) ($164) - ------------------------------------------------------------------------------------------------------------------ 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 $238 ($164) $86 - ------------------------------------------------------------------------------------------------------------------ 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 $1,225,717 $1,225,717 - ------------------------------------------------------------------------------------------------------------------ 28. TOTAL PREPETITION LIABILITIES $141,957 $1,294,390 $1,288,390 $1,288,390 - ------------------------------------------------------------------------------------------------------------------ 29. TOTAL LIABILITIES $141,957 $1,294,628 $1,288,226 $1,288,476 - ------------------------------------------------------------------------------------------------------------------ EQUITY - ------------------------------------------------------------------------------------------------------------------ 30. PREPETITION OWNERS' EQUITY $2,194,261 $2,194,261 $2,194,261 - ------------------------------------------------------------------------------------------------------------------ 31. POSTPETITION CUMULATIVE PROFIT OR (LOSS) $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 $3,488,889 $3,482,487 $3,482,737 - ------------------------------------------------------------------------------------------------------------------
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 October 2000 November 2000 December 2000 TOTAL - ------------------------------------------------------------------------------------------------------ 1. GROSS REVENUES $0 $6,000 $0 $6,000 - ------------------------------------------------------------------------------------------------------ 2. LESS: RETURNS & DISCOUNTS $0 $0 $0 $0 - ------------------------------------------------------------------------------------------------------ 3. NET REVENUE $0 $6,000 $0 $6,000 - ------------------------------------------------------------------------------------------------------ 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 $6,000 $0 $6,000 - ------------------------------------------------------------------------------------------------------ OPERATING EXPENSES - ------------------------------------------------------------------------------------------------------ 9. OFFICER/INSIDER COMPENSATION $6,250 $0 $0 $6,250 - ------------------------------------------------------------------------------------------------------ 10. SELLING & MARKETING $0 $0 $0 $0 - ------------------------------------------------------------------------------------------------------ 11. GENERAL & ADMINISTRATIVE ($41,350) $6,000 $0 ($35,350) - ------------------------------------------------------------------------------------------------------ 12. RENT & LEASE $3,066 $0 $0 $3,066 - ------------------------------------------------------------------------------------------------------ 13. OTHER (ATTACH LIST) $0 $0 $0 $0 - ------------------------------------------------------------------------------------------------------ 14. TOTAL OPERATING EXPENSES ($32,034) $6,000 $0 ($26,034) - ------------------------------------------------------------------------------------------------------ 15. INCOME BEFORE NON-OPERATING INCOME & EXPENSE $32,034 $0 $0 $32,034 - ------------------------------------------------------------------------------------------------------ OTHER INCOME & EXPENSES - ------------------------------------------------------------------------------------------------------ 16. NON-OPERATING INCOME (ATT. LIST) $0 $0 $0 $0 - ------------------------------------------------------------------------------------------------------ 17. NON-OPERATING EXPENSE (ATT. LIST) $0 $0 $50,322 $50,322 - ------------------------------------------------------------------------------------------------------ 18. INTEREST EXPENSE $0 $0 $0 $0 - ------------------------------------------------------------------------------------------------------ 19. DEPRECIATION / DEPLETION $3,743 $0 $0 $3,743 - ------------------------------------------------------------------------------------------------------ 20. AMORTIZATION $28,291 $0 $0 $28,291 - ------------------------------------------------------------------------------------------------------ 21. OTHER (ATTACH LIST) $0 $0 ($50,572) ($50,572) - ------------------------------------------------------------------------------------------------------ 22. NET OTHER INCOME & EXPENSES $32,034 $0 ($250) $31,784 - ------------------------------------------------------------------------------------------------------ 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 $0 $0 - ------------------------------------------------------------------------------------------------------
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 October 2000 November 2000 December 2000 TOTAL - ---------------------------------------------------------------------------------------------------------- 1. CASH - BEGINNING OF MONTH $1,270 $5,471 $0 $1,270 - ---------------------------------------------------------------------------------------------------------- RECEIPTS FROM OPERATIONS - ---------------------------------------------------------------------------------------------------------- 2. CASH SALES $0 $0 $0 $0 - ---------------------------------------------------------------------------------------------------------- COLLECTION OF ACCOUNTS RECEIVABLE - ---------------------------------------------------------------------------------------------------------- 3. PREPETITION $0 $0 $0 $0 - ---------------------------------------------------------------------------------------------------------- 4. POSTPETITION $5,621 $0 $0 $5,621 - ---------------------------------------------------------------------------------------------------------- 5. TOTAL OPERATING RECEIPTS $5,621 $0 $0 $5,621 - ---------------------------------------------------------------------------------------------------------- NON - OPERATING RECEIPTS - ---------------------------------------------------------------------------------------------------------- 6. LOANS & ADVANCES (ATTACH LIST) $0 $0 $0 $0 - ---------------------------------------------------------------------------------------------------------- 7. SALE OF ASSETS $0 $0 $0 $0 - ---------------------------------------------------------------------------------------------------------- 8. OTHER (ATTACH LIST) $3,484 ($5,471) $0 ($1,987) - ---------------------------------------------------------------------------------------------------------- 9. TOTAL NON-OPERATING RECEIPTS $3,484 ($5,471) $0 ($1,987) - ---------------------------------------------------------------------------------------------------------- 10. TOTAL RECEIPTS $9,105 ($5,471) $0 $3,634 - ---------------------------------------------------------------------------------------------------------- 11. TOTAL CASH AVAILABLE $10,375 $0 $0 $4,904 - ---------------------------------------------------------------------------------------------------------- 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 $248 $0 $0 $248 - ---------------------------------------------------------------------------------------------------------- 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 $199 $0 $0 $199 - ---------------------------------------------------------------------------------------------------------- 24. ADVERTISING $0 $0 $0 $0 - ---------------------------------------------------------------------------------------------------------- 25. OTHER (ATTACH LIST) $3,957 $0 $0 $3,957 - ---------------------------------------------------------------------------------------------------------- 26. TOTAL OPERATING DISBURSEMENTS $4,404 $0 $0 $4,404 - ---------------------------------------------------------------------------------------------------------- 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 $4,904 $0 $0 $4,904 - ---------------------------------------------------------------------------------------------------------- 32. NET CASH FLOW $4,201 ($5,471) $0 ($1,270) - ---------------------------------------------------------------------------------------------------------- 33. CASH - END OF MONTH $5,471 $0 $0 $0 - ----------------------------------------------------------------------------------------------------------
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 October 2000 November 2000 December 2000 - ------------------------------------------------------------------------------------------------------------------ 1. 0-30 $4,381 $0 $0 - ------------------------------------------------------------------------------------------------------------------ 2. 31-60 $3,556 $3,396 $0 - ------------------------------------------------------------------------------------------------------------------ 3. 61-90 $0 $3,556 $0 - ------------------------------------------------------------------------------------------------------------------ 4. 91+ $819 $1,624 $5,182 - ------------------------------------------------------------------------------------------------------------------ 5. TOTAL ACCOUNTS RECEIVABLE $0 $8,756 $8,576 $5,182 - ------------------------------------------------------------------------------------------------------------------ 6. AMOUNT CONSIDERED UNCOLLECTIBLE $1,581 $1,581 $1,581 - ------------------------------------------------------------------------------------------------------------------ 7. ACCOUNTS RECEIVABLE (NET) $0 $7,175 $6,995 $3,601 - ------------------------------------------------------------------------------------------------------------------ - ----------------------------------------------------------------- AGING OF POSTPETITION TAXES AND PAYABLES MONTH: December 2000 --------------------------------- - ------------------------------------------------------------------------------------------------------------------ 0-30 31-60 61-90 91+ TAXES PAYABLE DAYS DAYS DAYS DAYS TOTAL - ------------------------------------------------------------------------------------------------------------------ 1. FEDERAL $0 $0 $0 $0 $0 - ------------------------------------------------------------------------------------------------------------------ 2. STATE ($164) $0 $0 $0 ($164) - ------------------------------------------------------------------------------------------------------------------ 3. LOCAL $0 $0 $0 $0 $0 - ------------------------------------------------------------------------------------------------------------------ 4. OTHER (ATTACH LIST) $0 $0 $0 $0 $0 - ------------------------------------------------------------------------------------------------------------------ 5. TOTAL TAXES PAYABLE ($164) $0 $0 $0 ($164) - ------------------------------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------------------------------ 6. ACCOUNTS PAYABLE $250 $0 $0 $0 $250 - ------------------------------------------------------------------------------------------------------------------ - ------------------------------------------------ STATUS OF POSTPETITION TAXES MONTH: December 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 ($164) $0 $0 ($164) - ------------------------------------------------------------------------------------------------------------------ 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 ($164) $0 $0 ($164) - ------------------------------------------------------------------------------------------------------------------ 16. TOTAL TAXES ($164) $0 $0 ($164) - ------------------------------------------------------------------------------------------------------------------
* 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: December 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-Closed 11/00 Operating - Closed 5/00 - ---------------------------------------------------------------------------------------------------------------- 1. BALANCE PER BANK STATEMENT $0 $0 $0 - ---------------------------------------------------------------------------------------------------------------- 2. ADD: TOTAL DEPOSITS NOT CREDITED $0 $0 $0 - ---------------------------------------------------------------------------------------------------------------- 3. SUBTRACT: OUTSTANDING CHECKS $0 $0 $0 - ---------------------------------------------------------------------------------------------------------------- 4. OTHER RECONCILING ITEMS $0 $0 $0 - ---------------------------------------------------------------------------------------------------------------- 5. MONTH END BALANCE PER BOOKS $0 $0 $0 $0 - ---------------------------------------------------------------------------------------------------------------- 6. NUMBER OF LAST CHECK WRITTEN 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 $0 - ---------------------------------------------------------------------------------------------------------------- - ---------------------------------------------------------------------------------------------------------------- 13. TOTAL CASH - END OF MONTH $0 - ----------------------------------------------------------------------------------------------------------------
MONTHLY OPERATING REPORT - ------------------------------------- CASE NAME: LONGHORN SOLUTIONS, INC. ACCRUAL BASIS-6 - ------------------------------------- CASE NUMBER: 400-42147-BJH-11 02/13/95, RWD, 2/96 - ------------------------------------- MONTH: December 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 $0 $68,750 - -------------------------------------------------------------------- 2. - -------------------------------------------------------------------- 3. - -------------------------------------------------------------------- 4. - -------------------------------------------------------------------- 5. - -------------------------------------------------------------------- 6. TOTAL PAYMENTS TO INSIDERS $0 $68,750 - --------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------ 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: December 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. #1 All furniture, fixtures and computer equipment were sold to a third party for $47,000 when this company ceased operations. These funds will be remitted to Wells Fargo Bank under Bankruptcy court orders. - -------------------------------------------------------------------------------- - ------------------------------------ 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: December 2000 ---------------------- - ------------------------------------------------------------------------------ ACCRUAL BASIS LINE FORM NUMBER NUMBER FOOTNOTE / EXPLANATION - ------------------------------------------------------------------------------ 3 12 All payroll is paid out of Kitty Hawk 13 Aircargo, Inc. (Case #400-42142) and allocated to the Company. Related payroll taxes are disbursed out of and reported at KH Aircargo. - -------------------------------------------------------------------------------- 6 All Professional fees related to the Reorganization of the Company are disbursed out of Kitty Hawk, Inc. (Parent Company). Refer to Case # 400-42141 - -------------------------------------------------------------------------------- 7 All other insurance plans related to the Company are carried at Kitty Hawk, Inc. (Parent Company). Refer to Case # 400-42141. - -------------------------------------------------------------------------------- General Operations of this entity ceased October 12, 2000. Costs incurred are final closing relating items. - -------------------------------------------------------------------------------- CASE NAME: LONGHORN SOLUTIONS, INC. CASE NUMBER: 400-42147-BJH-11 DETAILS OF OTHER ITEMS ACCRUAL BASIS-1 December 2000 8. OTHER (ATTACH LIST) $ 756,038 Reported ----------------------- Intercompany Receivables 716,373 Deferred Taxes 36,717 Security Deposit 2,948 ----------------------- 756,038 Detail ----------------------- - Difference 14. OTHER ASSETS - NET OF AMORTIZATION (ATTACH LIST) $2,723,098 Reported ----------------------- Software knowledge 3,397,988 Accum Amortization (674,890) ----------------------- 2,723,098 Detail ----------------------- - Difference 27. OTHER (ATTACH LIST) $ 1,225,717 Reported ----------------------- Accrued income taxes (71,204) Deferred income tax expense 1,296,921 ----------------------- 1,225,717 Detail ----------------------- - Difference ACCRUAL BASIS-2 17. NON-OPERATING EXPENSE (ATT. LIST) $ 50,322 Reported ----------------------- Loss on sale of assets 50,322 Detail ----------------------- - Difference 21. OTHER (ATTACH LIST) $ (50,572)Reported ----------------------- Allocate loss to parent company (50,572)Detail ----------------------- - Difference EX-99.8 9 0009.txt EXHIBIT 99.8 MONTHLY OPERATING REPORT - ---------------------------------- CASE NAME: AIRCRAFT LEASING, INC. ACCRUAL BASIS - ---------------------------------- CASE NUMBER: 400-42148-BJH-11 02/13/95, RWD, 2/96 - ---------------------------------- JUDGE: BARBARA J. HOUSER - ---------------------------------- UNITED STATES BANKRUPTCY COURT NORTHERN DISTRICT OF TEXAS SIXTH DIVISION MONTHLY OPERATING REPORT MONTH ENDING: DECEMBER 31, 2000 IN ACCORDANCE WITH TITLE 28, SECTION 1746, OF THE UNITED STATES CODE, I DECLARE UNDER PENALTY OF PERJURY THAT I HAVE EXAMINED THE FOLLOWING MONTHLY OPERATING REPORT (ACCRUAL BASIS-1 THROUGH ACCRUAL BASIS-7) AND THE ACCOMPANYING ATTACHMENTS AND, TO THE BEST OF MY KNOWLEDGE, THESE DOCUMENTS ARE TRUE, CORRECT AND COMPLETE. DECLARATION OF THE PREPARER (OTHER THAN RESPONSIBLE PARTY): IS BASED ON ALL INFORMATION OF WHICH PREPARER HAS ANY KNOWLEDGE. RESPONSIBLE PARTY: /s/ DREW KEITH CHIEF FINANCIAL OFFICER - ---------------------------------------- --------------------------- ORIGINAL SIGNATURE OF RESPONSIBLE PARTY TITLE DREW KEITH 1/22/01 - ---------------------------------------- --------------------------- PRINTED NAME OF RESPONSIBLE PARTY DATE PREPARER: /s/ KEVIN K. CRAIG CONTROLLER, KITTY HAWK INC. - ---------------------------------------- --------------------------- ORIGINAL SIGNATURE OF PREPARER TITLE KEVIN K. CRAIG 1/22/01 - ---------------------------------------- --------------------------- PRINTED NAME OF PREPARER DATE MONTHLY OPERATING REPORT - --------------------------------- CASE NAME: AIRCRAFT LEASING, INC. ACCRUAL BASIS-1 - --------------------------------- CASE NUMBER: 400-42148-BJH-11 02/13/95, RWD, 2/96 - ---------------------------------
- ---------------------------------------------------------------------- COMPARATIVE BALANCE SHEET - -------------------------------------------------------------------------------------------------------------------------------- SCHEDULE MONTH MONTH MONTH ------------------------------------------------------------------ ASSETS AMOUNT OCTOBER, 2000 NOVEMBER, 2000 DECEMBER, 2000 - -------------------------------------------------------------------------------------------------------------------------------- 1. UNRESTRICTED CASH $0 $0 $0 $0 - -------------------------------------------------------------------------------------------------------------------------------- 2. RESTRICTED CASH $0 $2,947,700 $2,716,406 $1,167,478 - -------------------------------------------------------------------------------------------------------------------------------- 3. TOTAL CASH $0 $2,947,700 $2,716,406 $1,167,478 - -------------------------------------------------------------------------------------------------------------------------------- 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) ($24,964,884) ($23,506,678) ($19,974,684) - -------------------------------------------------------------------------------------------------------------------------------- 9. TOTAL CURRENT ASSETS ($33,904,344) ($22,017,184) ($20,790,272) ($18,807,206) - -------------------------------------------------------------------------------------------------------------------------------- 10. PROPERTY, PLANT & EQUIPMENT $81,907,719 $75,663,394 $75,028,395 $75,028,395 - -------------------------------------------------------------------------------------------------------------------------------- 11. LESS: ACCUMULATED DEPRECIATION / DEPLETION $33,669,772 $32,781,592 $33,514,174 $33,962,960 - -------------------------------------------------------------------------------------------------------------------------------- 12. NET PROPERTY, PLANT & EQUIPMENT $48,237,946 $42,881,802 $41,514,221 $41,065,435 - -------------------------------------------------------------------------------------------------------------------------------- 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 $20,864,618 $20,723,949 $22,258,229 - -------------------------------------------------------------------------------------------------------------------------------- POSTPETITION LIABILITIES - -------------------------------------------------------------------------------------------------------------------------------- 17. ACCOUNTS PAYABLE $0 $2,362 $2,362 - -------------------------------------------------------------------------------------------------------------------------------- 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) $2,290,464 $2,233,252 $2,860,112 - -------------------------------------------------------------------------------------------------------------------------------- 23. TOTAL POSTPETITION LIABILITIES $2,290,464 $2,235,614 $2,862,474 - -------------------------------------------------------------------------------------------------------------------------------- PREPETITION LIABILITIES - -------------------------------------------------------------------------------------------------------------------------------- 24. SECURED DEBT $2,811,382 $8,791 $8,791 $0 - -------------------------------------------------------------------------------------------------------------------------------- 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 $2,399,516 - -------------------------------------------------------------------------------------------------------------------------------- 28. TOTAL PREPETITION LIABILITIES $4,111,383 $2,421,136 $2,421,136 $2,399,516 - -------------------------------------------------------------------------------------------------------------------------------- 29. TOTAL LIABILITIES $4,111,383 $4,711,600 $4,656,750 $5,261,990 - -------------------------------------------------------------------------------------------------------------------------------- EQUITY - -------------------------------------------------------------------------------------------------------------------------------- 30. PREPETITION OWNERS' EQUITY $0 $12,789,185 $12,789,185 $12,789,185 - -------------------------------------------------------------------------------------------------------------------------------- 31. POSTPETITION CUMULATIVE PROFIT OR (LOSS) $3,363,833 $3,278,014 $4,207,054 - -------------------------------------------------------------------------------------------------------------------------------- 32. DIRECT CHARGES TO EQUITY (ATTACH EXPLANATION) $0 $0 $0 - -------------------------------------------------------------------------------------------------------------------------------- 33. TOTAL EQUITY $0 $16,153,018 $16,067,199 $16,996,239 - -------------------------------------------------------------------------------------------------------------------------------- 34. TOTAL LIABILITIES & OWNERS' EQUITY $4,111,383 $20,864,618 $20,723,949 $22,258,229 - --------------------------------------------------------------------------------------------------------------------------------
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 OCTOBER, 2000 NOVEMBER, 2000 DECEMBER, 2000 TOTAL - ---------------------------------------------------------------------------------------------------------------------------------- 1. GROSS REVENUES $1,161,652 $969,000 $969,000 $3,099,652 - ---------------------------------------------------------------------------------------------------------------------------------- 2. LESS: RETURNS & DISCOUNTS $0 $0 $0 $0 - ---------------------------------------------------------------------------------------------------------------------------------- 3. NET REVENUE $1,161,652 $969,000 $969,000 $3,099,652 - ---------------------------------------------------------------------------------------------------------------------------------- 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 $1,161,652 $969,000 $969,000 $3,099,652 - ---------------------------------------------------------------------------------------------------------------------------------- OPERATING EXPENSES - ---------------------------------------------------------------------------------------------------------------------------------- 9. OFFICER / INSIDER COMPENSATION $0 $0 $0 $0 - ---------------------------------------------------------------------------------------------------------------------------------- 10. SELLING & MARKETING $0 $0 $0 $0 - ---------------------------------------------------------------------------------------------------------------------------------- 11. GENERAL & ADMINISTRATIVE $0 $2,362 $7,514 $9,876 - ---------------------------------------------------------------------------------------------------------------------------------- 12. RENT & LEASE $0 $0 $0 $0 - ---------------------------------------------------------------------------------------------------------------------------------- 13. OTHER (ATTACH LIST) $0 $0 $0 $0 - ---------------------------------------------------------------------------------------------------------------------------------- 14. TOTAL OPERATING EXPENSES $0 $2,362 $7,514 $9,876 - ---------------------------------------------------------------------------------------------------------------------------------- 15. INCOME BEFORE NON-OPERATING INCOME & EXPENSE $1,161,652 $966,638 $961,486 $3,089,776 - ---------------------------------------------------------------------------------------------------------------------------------- OTHER INCOME & EXPENSES - ---------------------------------------------------------------------------------------------------------------------------------- 16. NON-OPERATING INCOME (ATT. LIST) ($17,260) ($15,453) ($9,412) ($42,125) - ---------------------------------------------------------------------------------------------------------------------------------- 17. NON-OPERATING EXPENSE (ATT. LIST) $0 $0 $0 $0 - ---------------------------------------------------------------------------------------------------------------------------------- 18. INTEREST EXPENSE $0 $0 $0 $0 - ---------------------------------------------------------------------------------------------------------------------------------- 19. DEPRECIATION / DEPLETION $514,178 $878,375 $448,787 $1,841,340 - ---------------------------------------------------------------------------------------------------------------------------------- 20. AMORTIZATION $0 $0 $0 $0 - ---------------------------------------------------------------------------------------------------------------------------------- 21. OTHER (ATTACH LIST) ($1,668,013) $0 ($21,620) ($1,689,633) - ---------------------------------------------------------------------------------------------------------------------------------- 22. NET OTHER INCOME & EXPENSES ($1,171,095) $862,922 $417,755 $109,582 - ---------------------------------------------------------------------------------------------------------------------------------- REORGANIZATION EXPENSES - ---------------------------------------------------------------------------------------------------------------------------------- 23. PROFESSIONAL FEES $346,151 $246,747 ($1,012,168) ($419,270) - ---------------------------------------------------------------------------------------------------------------------------------- 24. U.S. TRUSTEE FEES $0 $0 $7,500 $7,500 - ---------------------------------------------------------------------------------------------------------------------------------- 25. OTHER (ATTACH LIST) $0 $0 $0 $0 - ---------------------------------------------------------------------------------------------------------------------------------- 26. TOTAL REORGANIZATION EXPENSES $346,151 $246,747 ($1,004,668) ($411,770) - ---------------------------------------------------------------------------------------------------------------------------------- 27. INCOME TAX $794,638 ($57,212) $619,360 $1,356,786 - ---------------------------------------------------------------------------------------------------------------------------------- 28. NET PROFIT (LOSS) $1,191,958 ($85,819) $929,039 $2,035,178 - ----------------------------------------------------------------------------------------------------------------------------------
MONTHLY OPERATING REPORT - ---------------------------------- CASE NAME: AIRCRAFT LEASING, INC. ACCRUAL BASIS-3 - ---------------------------------- CASE NUMBER: 400-42148-BJH-11 02/13/95, RWD, 2/96 - ----------------------------------
- -------------------------------------------------------------------------------------------------------------------------------- CASH RECEIPTS AND MONTH MONTH MONTH QUARTER ---------------------------------------------------------------- DISBURSEMENTS OCTOBER, 2000 NOVEMBER, 2000 DECEMBER, 2000 TOTAL - -------------------------------------------------------------------------------------------------------------------------------- 1. CASH - BEGINNING OF MONTH $3,276,591 $2,947,700 $2,716,406 $3,276,591 - -------------------------------------------------------------------------------------------------------------------------------- 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) $17,260 $15,453 $9,412 $42,125 - -------------------------------------------------------------------------------------------------------------------------------- 9. TOTAL NON-OPERATING RECEIPTS $17,260 $15,453 $9,412 $42,125 - -------------------------------------------------------------------------------------------------------------------------------- 10. TOTAL RECEIPTS $17,260 $15,453 $9,412 $42,125 - -------------------------------------------------------------------------------------------------------------------------------- 11. TOTAL CASH AVAILABLE $3,293,851 $2,963,153 $2,725,818 $3,318,716 - -------------------------------------------------------------------------------------------------------------------------------- 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 $346,151 $246,747 $1,558,340 $2,151,238 - -------------------------------------------------------------------------------------------------------------------------------- 28. U.S. TRUSTEE FEES $0 $0 $0 $0 - -------------------------------------------------------------------------------------------------------------------------------- 29. OTHER (ATTACH LIST) $0 $0 $0 $0 - -------------------------------------------------------------------------------------------------------------------------------- 30. TOTAL REORGANIZATION EXPENSES $346,151 $246,747 $1,558,340 $2,151,238 - -------------------------------------------------------------------------------------------------------------------------------- 31. TOTAL DISBURSEMENTS $346,151 $246,747 $1,558,340 $2,151,238 - -------------------------------------------------------------------------------------------------------------------------------- 32. NET CASH FLOW ($328,891) ($231,294) ($1,548,928) ($2,109,113) - -------------------------------------------------------------------------------------------------------------------------------- 33. CASH - END OF MONTH $2,947,700 $2,716,406 $1,167,478 $1,167,478 - --------------------------------------------------------------------------------------------------------------------------------
MONTHLY OPERATING REPORT - ---------------------------------- CASE NAME: AIRCRAFT LEASING, INC. ACCRUAL BASIS-4 - ---------------------------------- CASE NUMBER: 400-42148-BJH-11 02/13/95, RWD, 2/96 - ----------------------------------
- ---------------------------------------------------------------------------------------------------------------------------------- SCHEDULE MONTH MONTH MONTH ------------------------------------------------------------------- ACCOUNTS RECEIVABLE AGING AMOUNT OCTOBER, 2000 NOVEMBER, 2000 DECEMBER, 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: DECEMBER, 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 $2,362 $0 $0 $2,362 - --------------------------------------------------------------------------------------------------------------------------------- - ---------------------------------------------------------- STATUS OF POSTPETITION TAXES MONTH: DECEMBER, 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 $9,876 $7,514 $2,362 - ------------------------------------------------------------------------------------------------------------------------------- 13. PERSONAL PROPERTY $0 $0 $0 $0 - ------------------------------------------------------------------------------------------------------------------------------- 14. OTHER (ATTACH LIST) $0 $0 $0 $0 - ------------------------------------------------------------------------------------------------------------------------------- 15. TOTAL STATE & LOCAL $0 $9,876 $7,514 $2,362 - ------------------------------------------------------------------------------------------------------------------------------- 16. TOTAL TAXES $0 $9,876 $7,514 $2,362 - -------------------------------------------------------------------------------------------------------------------------------
* 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: DECEMBER, 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 $1,167,478 - ----------------------------------------------------------------------------------------------------------------------------------- 9. - ----------------------------------------------------------------------------------------------------------------------------------- 10. - ----------------------------------------------------------------------------------------------------------------------------------- 11. TOTAL INVESTMENTS $1,167,478 - ----------------------------------------------------------------------------------------------------------------------------------- CASH - ----------------------------------------------------------------------------------------------------------------------------------- 12. CURRENCY ON HAND $0 - ----------------------------------------------------------------------------------------------------------------------------------- 13. TOTAL CASH - END OF MONTH $1,167,478 - -----------------------------------------------------------------------------------------------------------------------------------
MONTHLY OPERATING REPORT - --------------------------------- CASE NAME: AIRCRAFT LEASING, INC. ACCRUAL BASIS-6 - --------------------------------- CASE NUMBER: 400-42148-BJH-11 02/13/95, RWD, 2/96 - --------------------------------- MONTH: DECEMBER, 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 $0 - ---------------------------------------------------------------------------------------------------------------- 2. FIRST SOURCE BANK (RPS) $0 $0 $0 - ---------------------------------------------------------------------------------------------------------------- 3. FIRST SOURCE BANK (AIA) $0 $0 $0 - ---------------------------------------------------------------------------------------------------------------- 4. $0 - ---------------------------------------------------------------------------------------------------------------- 5. $0 - ---------------------------------------------------------------------------------------------------------------- 6. TOTAL $0 $0 $0 - ----------------------------------------------------------------------------------------------------------------
MONTHLY OPERATING REPORT - --------------------------------- CASE NAME: AIRCRAFT LEASING, INC. ACCRUAL BASIS-7 - --------------------------------- CASE NUMBER: 400-42148-BJH-11 02/13/95, RWD, 2/96 - --------------------------------- MONTH: DECEMBER, 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) Release of aircraft N112PS with write-off to Gain/Loss account of previously expensed interests - ------------------------------------------------------------------------------------------------------------ b) $1,558,340 Disbursement to Successor Trustee of (HSBC-Escrow) account for Professional Fees (transfer expense to KH Inc & KH Int'l) - ------------------------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------------------------ - ----------------------------------- 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: DECEMBER, 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) ($20,024,684) Intercompany Cummulative Receivable/Payable Credit Balance 1 - BS 22 a) $55,410 Accrued Accounts Payable (Post-petition) a) $2,804,702 Accrued Federal Income Taxes (Post-petition) 1 - BS 27 a) $2,399,516 Accrued Taxes Payable (Pre-petition) 2 - IS 16 a) $9,412 Interest Income (from HSBC -Escrow account) 2 - IS 21 a) $21,620 Gain on Release of A/C N112PS (Interest Expense written off) 3 - CF 8 a) $15,453 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) $1,558,340 Disbursement to Successor Trustee of (HSBC-Escrow) account for Professional Fees b) $1,012,168 Previously Reported, Transferred to KH Inc (Case # 400-42141-BJH-11) & KH Int'l (Case # 400-42144-BJH -11) Expense - --------------------------------- CASE NAME: AIRCRAFT LEASING, INC. FOOTNOTES SUPPLEMENT - --------------------------------- CASE NUMBER: 400-42148-BJH-11 ACCRUAL BASIS - --------------------------------- MONTH: DECEMBER, 2000
- ---------------------------------------------------------------------------------------------------------------- ACCRUAL BASIS LINE FORM NUMBER NUMBER FOOTNOTE / EXPLANATION - ---------------------------------------------------------------------------------------------------------------- - ---------------------------------------------------------------------------------------------------------------- - ---------------------------------------------------------------------------------------------------------------- 3 8 All cash received into the 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 3 All insurance policies are carried in the name of Kitty Hawk, Inc. and its subsidiaries. Therefore, they are listed here accordingly. - ----------------------------------------------------------------------------------------------------------------
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: DECEMBER 31, 2000 IN ACCORDANCE WITH TITLE 28, SECTION 1746, OF THE UNITED STATES CODE, I DECLARE UNDER PENALTY OF PERJURY THAT I HAVE EXAMINED THE FOLLOWING MONTHLY OPERATING REPORT (ACCRUAL BASIS-1 THROUGH ACCRUAL BASIS-7) AND THE ACCOMPANYING ATTACHMENTS AND, TO THE BEST OF MY KNOWLEDGE, THESE DOCUMENTS ARE TRUE, CORRECT AND COMPLETE. DECLARATION OF THE PREPARER (OTHER THAN RESPONSIBLE PARTY): IS BASED ON ALL INFORMATION OF WHICH PREPARER HAS ANY KNOWLEDGE. RESPONSIBLE PARTY: /s/ DREW KEITH Chief Financial Officer - --------------------------------------- ----------------------- ORIGINAL SIGNATURE OF RESPONSIBLE PARTY TITLE Drew Keith 1/22/01 - --------------------------------------- ----------------------- PRINTED NAME OF RESPONSIBLE PARTY DATE PREPARER: /s/ JESSICA L. WILSON Chief Accounting Officer - --------------------------------------- ------------------------ ORIGINAL SIGNATURE OF PREPARER TITLE Jessica L. Wilson 1/22/01 - --------------------------------------- ------------------------ PRINTED NAME OF PREPARER DATE MONTHLY OPERATING REPORT - ---------------------------------------------- CASE NAME: AMERICAN INTERNATIONAL TRAVEL, INC. ACCRUAL BASIS-1 - ---------------------------------------------- CASE NUMBER: 400-42149-BJH-11 02/13/95, RWD, 2/96 - ----------------------------------------------
- ------------------------------------------------------------------------ COMPARATIVE BALANCE SHEET - --------------------------------------------------------------------------------------------------------------------------------- SCHEDULE MONTH MONTH MONTH --------------------------------------------------------- ASSETS AMOUNT October 2000 November 2000 December 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) ($439,289) ($439,289) ($439,289) - --------------------------------------------------------------------------------------------------------------------------------- 9. TOTAL CURRENT ASSETS $64,520 ($439,289) ($439,289) ($439,289) - --------------------------------------------------------------------------------------------------------------------------------- 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 ($439,289) ($439,289) ($439,289) - --------------------------------------------------------------------------------------------------------------------------------- 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) $4,765 $4,765 $4,515 - --------------------------------------------------------------------------------------------------------------------------------- 32. DIRECT CHARGES TO EQUITY (ATTACH EXPLANATION) - --------------------------------------------------------------------------------------------------------------------------------- 33. TOTAL EQUITY $0 ($354,398) ($354,398) ($354,648) - --------------------------------------------------------------------------------------------------------------------------------- 34. TOTAL LIABILITIES & OWNERS' EQUITY $530,138 ($439,289) ($439,289) ($439,289) - ---------------------------------------------------------------------------------------------------------------------------------
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 October 2000 November 2000 December 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: AMERICAN INTERNATIONAL TRAVEL, INC. ACCRUAL BASIS-3 - ---------------------------------------------- CASE NUMBER: 400-42149-BJH-11 02/13/95, RWD, 2/96 - ----------------------------------------------
- -------------------------------------------------------------------------------------------------------------------------------- CASH RECEIPTS AND MONTH MONTH MONTH QUARTER ------------------------------------------------------------- DISBURSEMENTS October 2000 November 2000 December 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 - ----------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------ SCHEDULE MONTH MONTH MONTH ------------------------------------------------------------ ACCOUNTS RECEIVABLE AGING AMOUNT October 2000 November 2000 December 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: December 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: December 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: December 2000 - ------------------------------------------------------------------------------------------------------------------------ BANK RECONCILIATIONS Account #1 Account #2 Account #3 - ------------------------------------------------------------------------------------------------------------------------ A. BANK: N/A - ------------------------------------------------------------------------------------------------------- B. ACCOUNT NUMBER: TOTAL - ------------------------------------------------------------------------------------------------------- C. PURPOSE (TYPE): - ------------------------------------------------------------------------------------------------------------------------ 1. BALANCE PER BANK STATEMENT $0 - ------------------------------------------------------------------------------------------------------------------------ 2. ADD: TOTAL DEPOSITS NOT CREDITED $0 - ------------------------------------------------------------------------------------------------------------------------ 3. SUBTRACT: OUTSTANDING CHECKS $0 - ------------------------------------------------------------------------------------------------------------------------ 4. OTHER RECONCILING ITEMS $0 - ------------------------------------------------------------------------------------------------------------------------ 5. MONTH END BALANCE PER BOOKS $0 $0 $0 $0 - ------------------------------------------------------------------------------------------------------------------------ 6. NUMBER OF LAST CHECK WRITTEN - ------------------------------------------------------------------------------------------------------------------------ - ------------------------------------------------------- INVESTMENT ACCOUNTS - ------------------------------------------------------------------------------------------------------------------------ DATE OF TYPE OF PURCHASE CURRENT BANK, ACCOUNT NAME & NUMBER PURCHASE INSTRUMENT PRICE VALUE - ------------------------------------------------------------------------------------------------------------------------ 7. N/A - ------------------------------------------------------------------------------------------------------------------------ 8. N/A - ------------------------------------------------------------------------------------------------------------------------ 9. N/A - ------------------------------------------------------------------------------------------------------------------------ 10. N/A - ------------------------------------------------------------------------------------------------------------------------ 11. TOTAL INVESTMENTS $0 $0 - ------------------------------------------------------------------------------------------------------------------------ CASH - ------------------------------------------------------------------------------------------------------------------------ 12. CURRENCY ON HAND $0 - ------------------------------------------------------------------------------------------------------------------------ 13. TOTAL CASH - END OF MONTH $0 - ------------------------------------------------------------------------------------------------------------------------
MONTHLY OPERATING REPORT - ---------------------------------------------- CASE NAME: AMERICAN INTERNATIONAL TRAVEL, INC. ACCRUAL BASIS-6 - ---------------------------------------------- CASE NUMBER: 400-42149-BJH-11 02/13/95, RWD, 2/96 - ---------------------------------------------- MONTH: December 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: December 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: December 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 to date may consisted of costs associated with shut down procedures as well as wrapping up final billings. - ----------------------------------------------------------------------------------------------------- 3 28 All payments are made by Kitty Hawk, Inc. (Case #400-42141) - -----------------------------------------------------------------------------------------------------
CASE NAME: AMERICAN INTERNATIONAL TRAVEL, INC. CASE NUMBER: 400-42149-BJH-11 DETAILS OF OTHER ITEMS ACCRUAL BASIS-1 December 2000 8. OTHER (ATTACH LIST) (439,289)Reported ------------------- Intercompany Settlements 1,132 A/R KH International (246,860) CDI Inter-divisional Balancing (196,142) CDI - Debit/Credit Transfer 2,581 ------------------- (439,289)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: DECEMBER 31, 2000 IN ACCORDANCE WITH TITLE 28, SECTION 1746, OF THE UNITED STATES CODE, I DECLARE UNDER PENALTY OF PERJURY THAT I HAVE EXAMINED THE FOLLOWING MONTHLY OPERATING REPORT (ACCRUAL BASIS-1 THROUGH ACCRUAL BASIS-7) AND THE ACCOMPANYING ATTACHMENTS AND, TO THE BEST OF MY KNOWLEDGE, THESE DOCUMENTS ARE TRUE, CORRECT AND COMPLETE. DECLARATION OF THE PREPARER (OTHER THAN RESPONSIBLE PARTY): IS BASED ON ALL INFORMATION OF WHICH PREPARER HAS ANY KNOWLEDGE. RESPONSIBLE PARTY: /s/ DREW KEITH Chief Financial Officer - --------------------------------------- ------------------------ ORIGINAL SIGNATURE OF RESPONSIBLE PARTY TITLE Drew Keith 1/22/01 - --------------------------------------- ------------------------ PRINTED NAME OF RESPONSIBLE PARTY DATE PREPARER: /s/ JESSICA L. WILSON Chief Accounting Officer - --------------------------------------- ------------------------ ORIGINAL SIGNATURE OF PREPARER TITLE Jessica L. Wilson 1/22/01 - --------------------------------------- ------------------------ 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 October 2000 November 2000 December 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 $974 $974 $974 - ------------------------------------------------------------------------------------------------------------------------------ 9. TOTAL CURRENT ASSETS $39,149 $21,716 $21,716 $21,716 - ------------------------------------------------------------------------------------------------------------------------------ 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 $21,716 $21,716 $21,716 - ------------------------------------------------------------------------------------------------------------------------------ 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) ($500) ($500) ($750) - ------------------------------------------------------------------------------------------------------------------------------ 32. DIRECT CHARGES TO EQUITY (ATTACH EXPLANATION) - ------------------------------------------------------------------------------------------------------------------------------ 33. TOTAL EQUITY $0 $38,456 $38,456 $38,206 - ------------------------------------------------------------------------------------------------------------------------------ 34. TOTAL LIABILITIES & OWNERS' EQUITY $0 $21,716 $21,716 $21,716 - ------------------------------------------------------------------------------------------------------------------------------
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 October 2000 November 2000 December 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 - -------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------- MONTH MONTH MONTH QUARTER CASH RECEIPTS AND ------------------------------------------------------------------- DISBURSEMENTS October 2000 November 2000 December 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 October 2000 November 2000 December 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: December 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: December 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: December 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: December 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: December 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: December 2000
- -------------------------------------------------------------------------------------------------------- ACCRUAL BASIS LINE FORM NUMBER NUMBER FOOTNOTE / EXPLANATION - -------------------------------------------------------------------------------------------------------- 6 All Professional fees related to the Reorganization of the Company are disbursed out of Kitty Hawk, Inc. (Parent Company). Refer to Case # 400-42141 - -------------------------------------------------------------------------------------------------------- General This is a non-operating Company. - -------------------------------------------------------------------------------------------------------- 4 6 All assessments of uncollectible accounts receivable are done at Kitty Hawk, Inc. Refer to Case #400-42141. All reserves are recorded at Inc. and pushed down to Inc.'s subsidiaries as deemed necessary. - -------------------------------------------------------------------------------------------------------- 3 28 All payments are made by Kitty Hawk, Inc. (Case #400-42141) - --------------------------------------------------------------------------------------------------------
CASE NAME: FLIGHT ONE LOGISTICS, INC. CASE NUMBER: 400-42069-BJH DETAILS OF OTHER ITEMS ACCRUAL BASIS-1 December 2000 8. OTHER (ATTACH LIST) $ 974 Reported ------------------------ Intercompany Receivables 974 Detail ------------------------ - Difference 22. OTHER (ATTACH LIST) $ 250 Reported ------------------------ Accrued US Trustee Fees 250 Detail ------------------------ - Difference -----END PRIVACY-ENHANCED MESSAGE-----