-----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, Dmnu818epHZQHe0ysZICcl7hhbVf217ShbcfDQRmNe5IncHkbP8nODubGyor1l6x wx2HcE+qDBz7BsTXRXEb9w== 0000912057-01-508439.txt : 20010416 0000912057-01-508439.hdr.sgml : 20010416 ACCESSION NUMBER: 0000912057-01-508439 CONFORMED SUBMISSION TYPE: 8-K/A PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20010410 ITEM INFORMATION: ITEM INFORMATION: FILED AS OF DATE: 20010412 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/A SEC ACT: SEC FILE NUMBER: 000-25202 FILM NUMBER: 1601663 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/A 1 a2043073z8-ka.txt 8-K/A UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 AMENDMENT NO. 1 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): April 12, 2001 KITTY HAWK, INC. (Exact name of registrant as specified in charter) Delaware 0-25202 75-2564006 (State or other jurisdiction of (Commission File Number) (IRS Employer Identification incorporation) No.) 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 Amended Monthly Operating Reports of Kitty Hawk Aircargo, Inc. and Kitty Hawk Cargo, Inc. for the period ended December 31, 2000 in connection with the Company's and its subsidiaries' ongoing proceedings under Chapter 11 of the United States Bankruptcy Code (11 U.S.C. Sections 101-1330), Case No. 400-42069-BJH and Case Nos. 400-42141 through Case Nos. 400-42149, jointly administered under Case No. 400-42141-BJH. These Amended Monthly Reports supercede the Monthly Operating Reports of Kitty Hawk Aircargo, Inc. and Kitty Hawk Cargo, Inc. for the period ended December 31, 2000 which were filed on Form 8-K on February 8, 2001. 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 Amended Monthly Operating Report for Kitty Hawk Aircargo, Inc. for the Period Ended December 31, 2000(1) 99.2 Amended Monthly Operating Report for Kitty Hawk Cargo, 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: April 12, 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 Amended Monthly Operating Report for Kitty Hawk Aircargo, Inc. for the Period Ended December 31, 2000 99.2 Amended Monthly Operating Report for Kitty Hawk Cargo, Inc. for the Period Ended December 31, 2000
EX-99.1 2 a2043073zex-99_1.txt EX 99.1 EXHIBIT 99.1 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 - AMENDED 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 3/20/2001 - ------------------------------------------- --------------------------- PRINTED NAME OF RESPONSIBLE PARTY AMENDED AS OF DATE PREPARER: /s/ Kevin K. Craig CONTROLLER, KITTY HAWK INC. - ------------------------------------------- --------------------------- ORIGINAL SIGNATURE OF PREPARER TITLE KEVIN K. CRAIG 3/20/2001 - ------------------------------------------- --------------------------- PRINTED NAME OF PREPARER AMENDED AS OF 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 AMENDED 3/20/01 COMPARATIVE BALANCE SHEET - --------------------------- SCHEDULE MONTH MONTH MONTH 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 $26,489,695 ------------ ------------ ------------ ------------ 23. TOTAL POSTPETITION LIABILITIES $14,132,207 $22,712,583 $39,649,740 =========== =========== =========== 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 $117,296,268 ============ =========== ============ ============ 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) ($8,177,879) 32. DIRECT CHARGES TO EQUITY (ATTACH EXPLANATION) $0 $0 $0 33. TOTAL EQUITY $0 $66,177,078 $59,847,315 $61,467,570 ============= =========== =========== =========== 34. TOTAL LIABILITIES & OWNERS' EQUITY $186,430,840 $160,209,054 $162,120,634 $178,763,838 ============ ============ ============ ============ $0 $0 $0
MONTHLY OPERATING REPORT CASE NAME: KITTY HAWK AIRCARGO, INC. ACCRUAL BASIS-2 AMENDED 3/20/01 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 $3,532,962 $6,286,308 12. RENT & LEASE $2,577,341 $2,503,385 $2,804,038 $7,884,764 13. OTHER (ATTACH LIST) $13,452,447 $13,651,432 $40,436,014 $67,539,893 ----------- ----------- ----------- ----------- 14. TOTAL OPERATING EXPENSES $17,472,520 $17,530,013 $46,805,305 $81,807,838 =========== =========== =========== =========== 15. INCOME BEFORE NON-OPERATING INCOME & EXPENSE ($1,729,104) ($2,177,291) $9,737,442 $5,831,047 =========== =========== ========== ========== 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) $1,139,439 ($4,100,411) =========== =========== ========== =========== 28. NET PROFIT (LOSS) ($1,529,261) ($6,329,763) $1,709,159 ($6,149,865) =========== =========== ========== ===========
MONTHLY OPERATING REPORT CASE NAME: KITTY HAWK AIRCARGO, INC. ACCRUAL BASIS-3 CASE NUMBER: 400-42142-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 $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 $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 SCHEDULE MONTH MONTH MONTH 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 AMENDED 03/20/01 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) $ 26,489,695 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 8,548,122 Accrued Interest 17,819 Accrued Maintenance Reserves 245,182 Accrued Fed Income Tax (Post) (5,453,396) ---------- 26,489,695 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 AMENDED 03/20/01 13. OTHER (ATTACH LIST) $40,436,014 Reported ----------- Aircraft Expense 23,506,887 Maintenance 5,349,813 Fuel 83,282 Ops Wages-Flight 2,857,612 Ops Wages-Grnd 2,466,554 Ground Handling 4,214,947 Other Operating Exp 1,956,919 --------- 40,436,014 Detail ========== - Difference 16 NON OPERATING INCOME (ATT. LIST) ($2,113)Reported ------- Non-Op Income (2,113)Detail ======= - Difference 17 NON OPERATING EXPENSE (ATT. LIST) $2,940 Reported ------ Non-Op Expense 2,940 Detail ====== - Difference 21 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 AMENDED 03/20/01
ACCRUAL BASIS FORM NUMBER LINE 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. 1, 2, + Other Detail Various Amended for further information discovered in preparation for annual audit subsequent to orignal filing date of January 31, 2001. 3 3 The current general ledger system is not able to provide a detail of customer cash receipts segregated by prepetition and post petition accounts receivable.
EX-99.2 3 a2043073zex-99_2.txt EX 99.2 EXHIBIT 99.2 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 AMENDED UNITED STATES BANKRUPTCY COURT NORTHERN DISTRICT OF TEXAS SIXTH DIVISION MONTHLY OPERATING REPORT - AMENDED 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 3/20/01 - ------------------------------------------- ----------------------------- PRINTED NAME OF RESPONSIBLE PARTY AMENDED AS OF DATE PREPARER: /s/ Kevin K. Craig CONTROLLER, KITTY HAWK INC. - ------------------------------------------- ------------------------------ ORIGINAL SIGNATURE OF PREPARER TITLE KEVIN K. CRAIG 3/20/01 - ------------------------------------------- ----------------------------- PRINTED NAME OF PREPARER AMENDED AS OF 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 AMENDED COMPARATIVE BALANCE SHEET - --------------------------- SCHEDULE MONTH MONTH MONTH 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 ($1,212,090) ---------- ---------- ----------- 23. TOTAL POSTPETITION LIABILITIES $3,784,481 $3,169,459 $937,492 ========== ========== ======== 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 $11,301,513 =========== =========== =========== =========== EQUITY - ------ 30. PREPETITION OWNERS' EQUITY $62,156,580 $62,156,580 $61,869,075 31. POSTPETITION CUMULATIVE PROFIT OR (LOSS) $970,109 $350,385 ($4,762,683) 32. DIRECT CHARGES TO EQUITY (ATTACH EXPLANATION) $0 $0 $0 ----------- ----------- ----------- ----------- 33. TOTAL EQUITY $0 $63,126,689 $62,506,965 $57,106,392 =========== =========== =========== =========== 34. TOTAL LIABILITIES & OWNERS' EQUITY $79,361,063 $77,607,054 $76,372,308 $68,407,905 =========== =========== =========== =========== $0 $0 $0
MONTHLY OPERATING REPORT CASE NAME: KITTY HAWK CARGO, INC ACCRUAL BASIS-2 AMENDED 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 $15,008,678 $43,825,264 ----------- ----------- ----------- ----------- 14. TOTAL OPERATING EXPENSES $16,373,594 $15,406,104 $17,879,468 $49,659,166 =========== =========== =========== =========== 15. INCOME BEFORE NON-OPERATING INCOME & EXPENSE $415,603 ($811,609) ($8,235,006) ($8,631,012) =========== =========== =========== =========== 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) ($3,408,710) ($3,751,667) =========== =========== =========== =========== 28. NET PROFIT (LOSS) $105,276 ($619,708) ($5,113,067) ($5,627,749) =========== =========== =========== ===========
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 SCHEDULE MONTH MONTH MONTH 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 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) $ (1,212,090) Reported ------------ Accrued Liabilities 1,669,323 Accrued Salaries & PR Taxes 298,061 Less: FET Taxes Payable (Line 18) (825,105) Post-petition Fed Inc Tax (2,354,369) ------------ *** FET recorded in Taxes Payable (1,212,090) 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) $15,008,678 Reported ------------ Aircraft Costs 1,896,077 I/C Aircraft Costs (KHA) 5,296,171 KHC Ground Handling (Operations Payroll) 1,114,897 Outstation Ground Handling 1,362,846 Trucking Costs 495,113 Fuel 3,975,340 Contract Labor 69,103 Other 799,131 ------------ 15,008,678 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 ------------
CASE NAME: KITTY HAWK CARGO, INC. FOOTNOTES SUPPLEMENT CASE NUMBER: 400-42145-BJH-11 ACCRUAL BASIS MONTH: December 2000
ACCRUAL BASIS FORM NUMBER LINE NUMBER FOOTNOTE / EXPLANATION - ------------ ----------- ---------------------- 1,2 GENERAL Comparative Balance Sheet and Income Statements are amended for further information discovered in preparation for annual audit subsequent to original filing date of January 31, 2001. 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.
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