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.