-----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, UFYCnRGEtUUf5OcW7Xu4hmXZaFwqw31NZQAzFef1AufjmLZIB2jHsxSTo2A06b2b V8abthc1v6f0AyN47MfZdA== 0000912057-01-508441.txt : 20010416 0000912057-01-508441.hdr.sgml : 20010416 ACCESSION NUMBER: 0000912057-01-508441 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 11 CONFORMED PERIOD OF REPORT: 20010220 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 SEC ACT: SEC FILE NUMBER: 000-25202 FILM NUMBER: 1601693 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 a2043106z8-k.txt 8-K 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 20, 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 Monthly Operating Reports of the Company, Kitty Hawk Charters, Inc., Kitty Hawk International, Inc., O.K. Turbines, Inc., Longhorn Solutions, Inc., Aircraft Leasing, Inc., American International Travel, Inc. and Flight One Logistics, Inc., each for the period ended January 31, 2001, that the Company filed with the United States Bankruptcy Court for the Northern District of Texas, Fort Worth Division on February 20, 2001 and is filing herewith the Amended Monthly Operating Reports of Kitty Hawk Aircargo, Inc. and Kitty Hawk Cargo, Inc. each for the period ended January 31, 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 January 31, 2001(1) 99.2 Amended Monthly Operating Report for Kitty Hawk Aircargo, Inc. for the Period Ended January 31, 2001(1) 99.3 Monthly Operating Report for Kitty Hawk Charters, Inc. for the Period Ended January 31, 2001(1) 99.4 Monthly Operating Report for Kitty Hawk International, Inc. for the Period Ended January 31, 2001(1) 99.5 Amended Monthly Operating Report for Kitty Hawk Cargo, Inc. for the Period Ended January 31, 2001(1) 99.6 Monthly Operating Report for O.K. Turbines, Inc. for the Period Ended January 31, 2001(1) 99.7 Monthly Operating Report for Longhorn Solutions, Inc. for the Period Ended January 31, 2001(1) 99.8 Monthly Operating Report for Aircraft Leasing, Inc. for the Period Ended January 31, 2001(1) 99.9 Monthly Operating Report for American International Travel, Inc. for the Period Ended January 31, 2001(1) 99.10 Monthly Operating Report for Flight One Logistics, Inc. for the Period Ended January 31, 2001(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 Monthly Operating Report for Kitty Hawk, Inc. for the Period Ended January 31, 2001 99.2 Amended Monthly Operating Report for Kitty Hawk Aircargo, Inc. for the Period Ended January 31, 2001 99.3 Monthly Operating Report for Kitty Hawk Charters Inc. for the Period Ended January 31, 2001 99.4 Monthly Operating Report for Kitty Hawk International Inc. for the Period Ended January 31, 2001 99.5 Amended Monthly Operating Report for Kitty Hawk Cargo, Inc. for the Period Ended January 31, 2001 99.6 Monthly Operating Report for OK Turbines, Inc. for the Period Ended January 31, 2001 99.7 Monthly Operating Report for Longhorn Solutions, Inc. for the Period Ended January 31, 2001 99.8 Monthly Operating Report for Aircraft Leasing, Inc. for the Period Ended January 31, 2001 99.9 Monthly Operating Report for American International Travel, Inc. for the Period Ended January 31, 2001 99.10 Monthly Operating Report for Flight One Logistics, Inc. for the Period Ended January 31, 2001
EX-99.1 2 a2043106zex-99_1.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: JANUARY 31, 2001 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 2/20/2001 --------------------------------------- ------------------------------- PRINTED NAME OF RESPONSIBLE PARTY DATE PREPARER: /s/ JESSICA L. WILSON Chief Accounting Officer --------------------------------------- ------------------------------- ORIGINAL SIGNATURE OF PREPARER TITLE Jessica L. Wilson 2/20/2001 --------------------------------------- ------------------------------- 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 January 2001 - ------------------------------------------------------------------------------------------------ 1. UNRESTRICTED CASH $13,401,586 $31,545,131 $0 $0 - ------------------------------------------------------------------------------------------------ 2. RESTRICTED CASH $0 $0 $0 - ------------------------------------------------------------------------------------------------ 3. TOTAL CASH $13,401,586 $31,545,131 $0 $0 - ------------------------------------------------------------------------------------------------ 4. ACCOUNTS RECEIVABLE (NET) ($12,639,451) $0 $0 - ------------------------------------------------------------------------------------------------ 5. INVENTORY ($1,016,667) $0 $0 - ------------------------------------------------------------------------------------------------ 6. NOTES RECEIVABLE $15,000 $15,000 $0 $0 - ------------------------------------------------------------------------------------------------ 7. PREPAID EXPENSES $356,632 $0 $0 - ------------------------------------------------------------------------------------------------ 8. OTHER (ATTACH LIST) $422,186,692 $353,355,798 $0 $0 - ------------------------------------------------------------------------------------------------ 9. TOTAL CURRENT ASSETS $435,603,278 $371,616,443 $0 $0 - ------------------------------------------------------------------------------------------------ 10. PROPERTY, PLANT & EQUIPMENT $2,425,652 $6,076,562 $0 $0 - ------------------------------------------------------------------------------------------------ 11. LESS: ACCUMULATED DEPRECIATION / DEPLETION $2,017,973 $0 $0 - ------------------------------------------------------------------------------------------------ 12. NET PROPERTY, PLANT & EQUIPMENT $2,425,652 $4,058,589 $0 $0 - ------------------------------------------------------------------------------------------------ 13. DUE FROM INSIDERS $62,465 $219,367 $0 $0 - ------------------------------------------------------------------------------------------------ 14. OTHER ASSETS - NET OF AMORTIZATION (ATTACH LIST) $10,967,208 $9,791,021 $0 $0 - ------------------------------------------------------------------------------------------------ 15. OTHER (ATTACH LIST) $138,370,015 $138,370,015 $0 $0 - ------------------------------------------------------------------------------------------------ 16. TOTAL ASSETS $587,428,618 $524,055,435 $0 $0 - ------------------------------------------------------------------------------------------------ POSTPETITION LIABILITIES - ------------------------------------------------------------------------------------------------ 17. ACCOUNTS PAYABLE $3,112 $0 $0 - ------------------------------------------------------------------------------------------------ 18. TAXES PAYABLE $0 $0 $0 - ------------------------------------------------------------------------------------------------ 19. NOTES PAYABLE $0 $0 $0 - ------------------------------------------------------------------------------------------------ 20. PROFESSIONAL FEES $782,236 $0 $0 - ------------------------------------------------------------------------------------------------ 21. SECURED DEBT $0 $0 $0 - ------------------------------------------------------------------------------------------------ 22. OTHER (ATTACH LIST) $2,923,280 $0 $0 - ------------------------------------------------------------------------------------------------ 23. TOTAL POSTPETITION LIABILITIES $3,708,628 $0 $0 - ------------------------------------------------------------------------------------------------ PREPETITION LIABILITIES - ------------------------------------------------------------------------------------------------ 24. SECURED DEBT $466,119,468 $390,493,178 $0 $0 - ------------------------------------------------------------------------------------------------ 25. PRIORITY DEBT $29,661 $0 $0 $0 - ------------------------------------------------------------------------------------------------ 26. UNSECURED DEBT $22,580,547 $2,232,268 $0 $0 - ------------------------------------------------------------------------------------------------ 27. OTHER (ATTACH LIST) $0 $29,163,394 $0 $0 - ------------------------------------------------------------------------------------------------ 28. TOTAL PREPETITION LIABILITIES $488,729,676 $421,888,840 $0 $0 - ------------------------------------------------------------------------------------------------ 29. TOTAL LIABILITIES $488,729,676 $425,597,468 $0 $0 - ------------------------------------------------------------------------------------------------ EQUITY - ------------------------------------------------------------------------------------------------ 30. PREPETITION OWNERS' EQUITY $98,457,967 $0 $0 - ------------------------------------------------------------------------------------------------ 31. POSTPETITION CUMULATIVE PROFIT OR (LOSS) $0 $0 $0 - ------------------------------------------------------------------------------------------------ 32. DIRECT CHARGES TO EQUITY (ATTACH EXPLANATION) - ------------------------------------------------------------------------------------------------ 33. TOTAL EQUITY $0 $98,457,967 $0 $0 - ------------------------------------------------------------------------------------------------ 34. TOTAL LIABILITIES & OWNERS' EQUITY $488,729,676 $524,055,435 $0 $0 - ------------------------------------------------------------------------------------------------
MONTHLY OPERATING REPORT ------------------------------------ CASE NAME: KITTY HAWK, INC. ACCRUAL BASIS-2 ------------------------------------ ------------------------------------ CASE NUMBER: 400-42141-BJH 02/13/95, RWD, 2/96 ------------------------------------
- ------------------------------------ INCOME STATEMENT - ---------------------------------------------------------------------------------------------------- MONTH MONTH MONTH QUARTER ---------------------------------------------- REVENUES January 2001 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 $107,083 $0 $0 $107,083 - ---------------------------------------------------------------------------------------------------- 10. SELLING & MARKETING $0 $0 $0 $0 - ---------------------------------------------------------------------------------------------------- 11. GENERAL & ADMINISTRATIVE ($1,639,921) $0 $0 ($1,639,921) - ---------------------------------------------------------------------------------------------------- 12. RENT & LEASE $41,080 $0 $0 $41,080 - ---------------------------------------------------------------------------------------------------- 13. OTHER (ATTACH LIST) $0 $0 $0 $0 - ---------------------------------------------------------------------------------------------------- 14. TOTAL OPERATING EXPENSES ($1,491,758) $0 $0 ($1,491,758) - ---------------------------------------------------------------------------------------------------- 15. INCOME BEFORE NON-OPERATING INCOME & EXPENSE $1,491,758 $0 $0 $1,491,758 - ---------------------------------------------------------------------------------------------------- OTHER INCOME & EXPENSES - ---------------------------------------------------------------------------------------------------- 16. NON-OPERATING INCOME (ATT. LIST) ($144,773) $0 $0 ($144,773) - ---------------------------------------------------------------------------------------------------- 17. NON-OPERATING EXPENSE (ATT. LIST) $0 $0 $0 $0 - ---------------------------------------------------------------------------------------------------- 18. INTEREST EXPENSE $0 $0 $0 $0 - ---------------------------------------------------------------------------------------------------- 19. DEPRECIATION / DEPLETION $78,270 $0 $0 $78,270 - ---------------------------------------------------------------------------------------------------- 20. AMORTIZATION $76,984 $0 $0 $76,984 - ---------------------------------------------------------------------------------------------------- 21. OTHER (ATTACH LIST) $0 $0 $0 $0 - ---------------------------------------------------------------------------------------------------- 22. NET OTHER INCOME & EXPENSES $10,481 $0 $0 $10,481 - ---------------------------------------------------------------------------------------------------- REORGANIZATION EXPENSES - ---------------------------------------------------------------------------------------------------- 23. PROFESSIONAL FEES $1,481,277 $0 $0 $1,481,277 - ---------------------------------------------------------------------------------------------------- 24. U.S. TRUSTEE FEES $0 $0 $0 $0 - ---------------------------------------------------------------------------------------------------- 25. OTHER (ATTACH LIST) $0 $0 $0 $0 - ---------------------------------------------------------------------------------------------------- 26. TOTAL REORGANIZATION EXPENSES $1,481,277 $0 $0 $1,481,277 - ---------------------------------------------------------------------------------------------------- 27. INCOME TAX $0 $0 $0 $0 - ---------------------------------------------------------------------------------------------------- 28. NET PROFIT (LOSS) $0 $0 $0 $0 - ----------------------------------------------------------------------------------------------------
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 QUARTER CASH RECEIPTS AND ---------------------------------------------- DISBURSEMENTS January 2001 TOTAL - ---------------------------------------------------------------------------------------------------- - ---------------------------------------------------------------------------------------------------- 1. CASH - BEGINNING OF MONTH 14,294,580 $0 $0 $14,294,580 - ---------------------------------------------------------------------------------------------------- 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) $65,875,210 $0 $0 $65,875,210 - ---------------------------------------------------------------------------------------------------- 9. TOTAL NON-OPERATING RECEIPTS $65,875,210 $0 $0 $65,875,210 - ---------------------------------------------------------------------------------------------------- 10. TOTAL RECEIPTS $65,875,210 $0 $0 $65,875,210 - ---------------------------------------------------------------------------------------------------- 11. TOTAL CASH AVAILABLE $80,169,790 $0 $0 $80,169,790 - ---------------------------------------------------------------------------------------------------- OPERATING DISBURSEMENTS - ---------------------------------------------------------------------------------------------------- 12. NET PAYROLL $3,703,643 $0 $0 $3,703,643 - ---------------------------------------------------------------------------------------------------- 13. PAYROLL TAXES PAID $1,895,115 $0 $0 $1,895,115 - ---------------------------------------------------------------------------------------------------- 14. SALES, USE & OTHER TAXES PAID $237,314 $0 $0 $237,314 - ---------------------------------------------------------------------------------------------------- 15. SECURED / RENTAL / LEASES $3,610,102 $0 $0 $3,610,102 - ---------------------------------------------------------------------------------------------------- 16. UTILITIES $103,421 $0 $0 $103,421 - ---------------------------------------------------------------------------------------------------- 17. INSURANCE $423,996 $0 $0 $423,996 - ---------------------------------------------------------------------------------------------------- 18. INVENTORY PURCHASES $0 $0 $0 $0 - ---------------------------------------------------------------------------------------------------- 19. VEHICLE EXPENSES $0 $0 $0 $0 - ---------------------------------------------------------------------------------------------------- 20. TRAVEL $1,412,100 $0 $0 $1,412,100 - ---------------------------------------------------------------------------------------------------- 21. ENTERTAINMENT $0 $0 $0 $0 - ---------------------------------------------------------------------------------------------------- 22. REPAIRS & MAINTENANCE $4,622,644 $0 $0 $4,622,644 - ---------------------------------------------------------------------------------------------------- 23. SUPPLIES $0 $0 $0 $0 - ---------------------------------------------------------------------------------------------------- 24. ADVERTISING $5,291 $0 $0 $5,291 - ---------------------------------------------------------------------------------------------------- 25. OTHER (ATTACH LIST) $31,350,549 $0 $0 $31,350,549 - ---------------------------------------------------------------------------------------------------- 26. TOTAL OPERATING DISBURSEMENTS $47,364,175 $0 $0 $47,364,175 - ---------------------------------------------------------------------------------------------------- REORGANIZATION EXPENSES - ---------------------------------------------------------------------------------------------------- 27. PROFESSIONAL FEES $1,241,484 $0 $0 $1,241,484 - ---------------------------------------------------------------------------------------------------- 28. U.S. TRUSTEE FEES $19,000 $0 $0 $19,000 - ---------------------------------------------------------------------------------------------------- 29. OTHER (ATTACH LIST) $0 $0 $0 $0 - ---------------------------------------------------------------------------------------------------- 30. TOTAL REORGANIZATION EXPENSES $1,260,484 $0 $0 $1,260,484 - ---------------------------------------------------------------------------------------------------- 31. TOTAL DISBURSEMENTS $48,624,659 $0 $0 $48,624,659 - ---------------------------------------------------------------------------------------------------- 32. NET CASH FLOW $17,250,551 $0 $0 $17,250,551 - ---------------------------------------------------------------------------------------------------- 33. CASH - END OF MONTH $31,545,131 $0 $0 $31,545,131 - ----------------------------------------------------------------------------------------------------
MONTHLY OPERATING REPORT ------------------------------------ CASE NAME: KITTY HAWK, INC. ACCRUAL BASIS-4 ------------------------------------ ------------------------------------ CASE NUMBER: 400-42141-BJH 02/13/95, RWD, 2/96 ------------------------------------
- ------------------------------------------------------------------------------------------------ SCHEDULE MONTH MONTH MONTH ------------------------------------------- ACCOUNTS RECEIVABLE AGING AMOUNT January 2001 - ------------------------------------------------------------------------------------------------ 1. 0-30 $1,187 $0 $0 - ------------------------------------------------------------------------------------------------ 2. 31-60 $63,947 $0 $0 - ------------------------------------------------------------------------------------------------ 3. 61-90 $0 $0 $0 - ------------------------------------------------------------------------------------------------ 4. 91+ $0 $0 $0 - ------------------------------------------------------------------------------------------------ 5. TOTAL ACCOUNTS RECEIVABLE $0 $65,134 $0 $0 - ------------------------------------------------------------------------------------------------ 6. AMOUNT CONSIDERED UNCOLLECTIBLE $12,704,585 $0 $0 - ------------------------------------------------------------------------------------------------ 7. ACCOUNTS RECEIVABLE (NET) $0 ($12,639,451) $0 $0 - ------------------------------------------------------------------------------------------------
- --------------------------------------------- MONTH: January 2001 AGING OF POSTPETITION TAXES AND PAYABLES --------------------------------- - ------------------------------------------------------------------------------------------------------ 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 ($105,792) $95,622 $281,805 ($268,523) $3,112 - ------------------------------------------------------------------------------------------------------
- ------------------------------- MONTH: January 2001 STATUS OF POSTPETITION TAXES ------------------------------------ - ------------------------------------------------------------------------------------------------------- BEGINNING AMOUNT ENDING TAX WITHHELD AND/ AMOUNT TAX FEDERAL LIABILITY* 0R ACCRUED PAID LIABILITY - ------------------------------------------------------------------------------------------------------- 1. WITHHOLDING** $0 $168,763 $168,763 $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 $168,763 $168,763 $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 $168,763 $168,763 $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: January 2001 - ------------------------------------ -------------------------------------------------- BANK RECONCILIATIONS Account #1 Account #2 Account #3 - -------------------------------------------------------------------------------------------------------- A. BANK: Bank One Bank One Bank One - ---------------------------------------------------------------------------------------- B. ACCOUNT NUMBER: 1570695922 00129949/931995845 1586268961 TOTAL - ---------------------------------------------------------------------------------------- C. PURPOSE (TYPE): Payroll Health Insurance Flex Spending - ------------------------------------------------------------------------------------------------------ 1. BALANCE PER BANK STATEMENT $0 $80,408 $35,237 $115,645 - ------------------------------------------------------------------------------------------------------ 2. ADD: TOTAL DEPOSITS NOT CREDITED $0 $0 $0 $0 - ------------------------------------------------------------------------------------------------------ 3. SUBTRACT: OUTSTANDING CHECKS $0 $80,408 $0 $80,408 - ------------------------------------------------------------------------------------------------------ 4. OTHER RECONCILING ITEMS $0 $0 $0 $0 - ------------------------------------------------------------------------------------------------------ 5. MONTH END BALANCE PER BOOKS $0 $0 $35,237 $35,237 - ------------------------------------------------------------------------------------------------------ 6. NUMBER OF LAST CHECK WRITTEN 73490 144023 1197/11001 - ------------------------------------------------------------------------------------------------------
- ------------------------------------ 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 $35,237 - ---------------------------------------------------------------------------------------------------------
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: January 2001 - ------------------------------------ -------------------------------------------------- BANK RECONCILIATIONS Account #4 Account #5 Account #6 - -------------------------------------------------------------------------------------------------------- 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 $455,392 $50,050 $14,902 $635,989 - -------------------------------------------------------------------------------------------------------- 2. ADD: TOTAL DEPOSITS NOT CREDITED $0 $0 $0 $0 - -------------------------------------------------------------------------------------------------------- 3. SUBTRACT: OUTSTANDING CHECKS $2,624,572 $0 $0 $2,704,980 - -------------------------------------------------------------------------------------------------------- 4. OTHER RECONCILING ITEMS $0 $0 $0 - -------------------------------------------------------------------------------------------------------- 5. MONTH END BALANCE PER BOOKS ($2,169,180) $50,050 $14,902 ($2,104,228) - -------------------------------------------------------------------------------------------------------- 6. NUMBER OF LAST CHECK WRITTEN No checks 24233 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 $600,000 $605,115 - -------------------------------------------------------------------------------------------------------- 8. Bank One 1/31/2001 Overnight Sweep $33,008,007 $33,008,007 - -------------------------------------------------------------------------------------------------------- 9. N/A - -------------------------------------------------------------------------------------------------------- 10. N/A - -------------------------------------------------------------------------------------------------------- 11. TOTAL INVESTMENTS $33,608,007 $33,613,122 - --------------------------------------------------------------------------------------------------------
- ------------------------------------ CASH - --------------------------------------------------------------------------------------------------------- 12. CURRENCY ON HAND $1,000 - --------------------------------------------------------------------------------------------------------- 13. TOTAL CASH - END OF MONTH $31,545,131 - ---------------------------------------------------------------------------------------------------------
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: January 2001 - ------------------------------------ -------------------------------------------------- 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 2111 - ------------------------------------------------------------------------------------------------------
- ------------------------------------ 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: January 2001 ----------------------- ------------------------------------------ PAYMENTS TO INSIDERS AND PROFESSIONALS ------------------------------------------ OF THE TOTAL DISBURSEMENTS SHOWN FOR THE MONTH, LIST THE AMOUNT PAID TO INSIDERS (AS DEFINED IN SECTION 101 (31) (A)-(F) OF THE U.S. BANKRUPTCY CODE) AND TO PROFESSIONALS. ALSO, FOR PAYMENTS TO INSIDERS, IDENTIFY THE TYPE OF COMPENSATION PAID (e.g. SALARY, BONUS, COMMISSIONS, INSURANCE, HOUSING ALLOWANCE, TRAVEL, CAR ALLOWANCE, ETC.). ATTACH ADDITIONAL SHEETS IF NECESSARY.
- ---------------------------------------------------------------------- INSIDERS - ---------------------------------------------------------------------- TYPE OF AMOUNT TOTAL PAID NAME PAYMENT PAID TO DATE - ---------------------------------------------------------------------- 1. Mike Clark Salary $7,917 $66,251 - ---------------------------------------------------------------------- 2. Jim Craig Salary $33,333 $166,669 - ---------------------------------------------------------------------- 3. Janie Garrard Salary $0 $2,625 - ---------------------------------------------------------------------- 4. Drew Keith Salary $32,500 $168,962 - ---------------------------------------------------------------------- 5 Lena Baker Salary $0 $7,500 - ---------------------------------------------------------------------- 6 Jim Reeves Salary $33,333 $299,997 - ---------------------------------------------------------------------- 7 John Turnipseed Salary $0 $41,668 - ---------------------------------------------------------------------- 8 TOTAL PAYMENTS TO INSIDERS $107,083 $753,672 - ----------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------- PROFESSIONALS - ------------------------------------------------------------------------------------------------------------- DATE OF COURT TOTAL ORDER AUTHORIZING AMOUNT AMOUNT TOTAL PAID INCURRED NAME PAYMENT APPROVED PAID TO DATE & UNPAID * - ------------------------------------------------------------------------------------------------------------- 1. Lain Faulkner $142,295 $534,152 $173,140 - ------------------------------------------------------------------------------------------------------------- 2. Haynes and Boone $313,798 $2,140,128 $190,000 - ------------------------------------------------------------------------------------------------------------- 3. The Seabury Group $150,000 $1,350,000 - ------------------------------------------------------------------------------------------------------------- 4. Forshey & Prostock $0 $365,670 - ------------------------------------------------------------------------------------------------------------- 5 Price Waterhouse Coopers $0 $294,071 $86,500 - ------------------------------------------------------------------------------------------------------------- 6 Jay Alix and Associates $175,555 $640,992 $136,553 - ------------------------------------------------------------------------------------------------------------- 7 Andrews & Kurth $153,175 $823,377 $42,000 - ------------------------------------------------------------------------------------------------------------- 8 Jenkins & Gilchrist $0 $47,474 - ------------------------------------------------------------------------------------------------------------- 9 Ford and Harrison $28,948 $201,365 - ------------------------------------------------------------------------------------------------------------- 10 Grant Thornton $5,019 $173,078 $20,419 - ------------------------------------------------------------------------------------------------------------- 11 Verner Liipfert $0 $251,171 $133,624 - ------------------------------------------------------------------------------------------------------------- 12 TOTAL PAYMENTS TO PROFESSIONALS $0 $968,790 $6,821,478 $782,236 - -------------------------------------------------------------------------------------------------------------
* 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: January 2001 -------------------
- ------------------------------------------------- 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 $3.3 million 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 01/01/2001 - 12/31/2001 95,000 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. CASE NUMBER: 400-42141 DETAILS OF OTHER ITEMS
ACCRUAL BASIS-1 January 2001 8. OTHER (ATTACH LIST) $ 353,355,798 Reported ----------------- Intercompany Receivables 351,183,941 Escrow JRC 400,000 A/R Other 453,797 A/R Employees - A/R 401(k) Loan (553) A/R Reconciling item (11,401) Deferred Taxes 776,266 Deposits - Other 137,749 Deposits - Retainers 415,999 ----------------- 353,355,798 Detail ----------------- - Difference 14. OTHER ASSETS - NET OF AMORTIZATION (ATTACH LIST) 9,791,021 Reported ----------------- Loan organization costs 1,234,678 Bond offering costs 7,151,860 Goodwill - KH Cargo 1,404,483 ----------------- 9,791,021 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) $ 2,923,280 Reported ----------------- Accrued expenses 827,983 Accrued interest 497,615 Accrued health savings 690,802 A/P Aging reconciling item (25,854) A/P clearing (2,693) Accrued 401(k) 28,575 Accrued Salaries/Wages 906,852 ----------------- 2,923,280 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 ACCRUAL BASIS-2 16. NON-OPERATING INCOME (ATT. LIST) (144,773) Reported ----------------- Interest Income (144,773) ----------------- (144,773) Detail - Difference ACCRUAL BASIS-3 8. OTHER (ATTACH LIST) 65,875,210 Reported ----------------- Transfers from Charters 2,101,698 Transfers from Cargo 10,497,044 Transfers from Aircargo 47,561,667 Transfers from International 12,003 Cash deposits - non-lockbox 5,562,961 Interest income 142,438 NSF Checks (2,601) ----------------- 65,875,210 Detail ----------------- - Difference ----------------- 25. OTHER (ATTACH LIST) 31,350,549 Reported ----------------- Inc. 401(k) 89,872 Employee Expenses 96,664 Bank charges 5,813 Refunds 33,932 Interest expense Fuel 7,806,464 Ground Handling 2,985,058 Shipping 171,881 Ondemand Charter costs 92,808 135 Airline costs 37,494 Software Building Rent and expenses Building maintenance/security 136,282 Contract Labor 713,018 Trucking 538,955 Customs/Parking/Landing 1,131,430 Containers 9,170 Transfers Security Simulator/Communication/Other Training 376,081 Misc 31,464 Voided checks and corrections (75,143) Board of Directors expenses 76,104 Charts/Manuals 75,729 Shutdown costs 91,290 Commissions Deicing 194,799 Office 66,226 Subcharter Aircraft 16,665,158 ----------------- 31,350,549 Detail - Difference
--------------------------------------- CASE NAME: KITTY HAWK, INC. FOOTNOTES SUPPLEMENT --------------------------------------- --------------------------------------- CASE NUMBER: 400-42141-BJH ACCRUAL BASIS --------------------------------------- MONTH: January 2001 --------------------------------------
- ----------------------------------------------------------------------------------------------------------- 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. - ----------------------------------------------------------------------------------------------------------- 6 Insiders Payments to insiders include a portion of the Court approved retention payments in the month of January. - ----------------------------------------------------------------------------------------------------------- - -----------------------------------------------------------------------------------------------------------
EX-99.2 3 a2043106zex-99_2.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 - AMENDED MONTH ENDING: JANUARY 31, 2001 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 JANUARY, 2001 ------------------------------------------------------------------------------------------------------------------------- 1. UNRESTRICTED CASH $16,904 $20,924 $0 $0 ------------------------------------------------------------------------------------------------------------------------- 2. RESTRICTED CASH $0 $0 $0 $0 ------------------------------------------------------------------------------------------------------------------------- 3. TOTAL CASH $16,904 $20,924 $0 $0 ------------------------------------------------------------------------------------------------------------------------- 4. ACCOUNTS RECEIVABLE (NET) $29,303,045 $26,804,113 $0 $0 ------------------------------------------------------------------------------------------------------------------------- 5. INVENTORY $1,508,508 $2,427,576 $0 $0 ------------------------------------------------------------------------------------------------------------------------- 6. NOTES RECEIVABLE $0 $0 $0 $0 ------------------------------------------------------------------------------------------------------------------------- 7. PREPAID EXPENSES $2,294,717 $16,188,438 $0 $0 ------------------------------------------------------------------------------------------------------------------------- 8. OTHER (ATTACH LIST) $111,256,463 ($41,337,323) $0 $0 ------------------------------------------------------------------------------------------------------------------------- 9. TOTAL CURRENT ASSETS $144,379,636 $4,103,728 $0 $0 ------------------------------------------------------------------------------------------------------------------------- 10. PROPERTY, PLANT & EQUIPMENT $166,772,560 $206,205,090 $0 $0 ------------------------------------------------------------------------------------------------------------------------- 11. LESS: ACCUMULATED DEPRECIATION / DEPLETION $0 $51,433,060 $0 $0 ------------------------------------------------------------------------------------------------------------------------- 12. NET PROPERTY, PLANT & EQUIPMENT $166,772,560 $154,772,030 $0 $0 ------------------------------------------------------------------------------------------------------------------------- 13. DUE FROM INSIDERS ------------------------------------------------------------------------------------------------------------------------- 14. OTHER ASSETS - NET OF AMORTIZATION (ATTACH LIST) $0 $2,320,000 $0 $0 ------------------------------------------------------------------------------------------------------------------------- 15. OTHER (ATTACH LIST) $0 $0 $0 $0 ------------------------------------------------------------------------------------------------------------------------- 16. TOTAL ASSETS $311,152,196 $161,195,758 $0 $0 ------------------------------------------------------------------------------------------------------------------------- POSTPETITION LIABILITIES ------------------------------------------------------------------------------------------------------------------------- 17. ACCOUNTS PAYABLE $2,970,627 $0 $0 ------------------------------------------------------------------------------------------------------------------------- 18. TAXES PAYABLE $38,000 $0 $0 ------------------------------------------------------------------------------------------------------------------------- 19. NOTES PAYABLE $900,000 $0 $0 ------------------------------------------------------------------------------------------------------------------------- 20. PROFESSIONAL FEES $0 $0 $0 ------------------------------------------------------------------------------------------------------------------------- 21. SECURED DEBT $8,185,926 $0 $0 ------------------------------------------------------------------------------------------------------------------------- 22. OTHER (ATTACH LIST) $10,396,948 $0 $0 ------------------------------------------------------------------------------------------------------------------------- 23. TOTAL POSTPETITION LIABILITIES $22,491,501 $0 $0 ------------------------------------------------------------------------------------------------------------------------- PREPETITION LIABILITIES ------------------------------------------------------------------------------------------------------------------------- 24. SECURED DEBT $27,100,000 $0 $0 ------------------------------------------------------------------------------------------------------------------------- 25. PRIORITY DEBT $2,177,962 $0 $0 $0 ------------------------------------------------------------------------------------------------------------------------- 26. UNSECURED DEBT $184,252,878 $30,442,680 $0 $0 ------------------------------------------------------------------------------------------------------------------------- 27. OTHER (ATTACH LIST) $0 $20,040,527 $0 $0 ------------------------------------------------------------------------------------------------------------------------- 28. TOTAL PREPETITION LIABILITIES $186,430,840 $77,583,207 $0 $0 ------------------------------------------------------------------------------------------------------------------------- 29. TOTAL LIABILITIES $186,430,840 $100,074,708 $0 $0 ------------------------------------------------------------------------------------------------------------------------- EQUITY ------------------------------------------------------------------------------------------------------------------------- 30. PREPETITION OWNERS' EQUITY $69,645,449 $0 $0 ------------------------------------------------------------------------------------------------------------------------- 31. POSTPETITION CUMULATIVE PROFIT OR (LOSS) ($8,524,399) $0 $0 ------------------------------------------------------------------------------------------------------------------------- 32. DIRECT CHARGES TO EQUITY (ATTACH EXPLANATION) $0 $0 $0 ------------------------------------------------------------------------------------------------------------------------- 33. TOTAL EQUITY $0 $61,121,050 $0 $0 ------------------------------------------------------------------------------------------------------------------------- 34. TOTAL LIABILITIES & OWNERS' EQUITY $186,430,840 $161,195,758 $0 $0 ------------------------------------------------------------------------------------------------------------------------- $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 AMENDED 3/20/01 -------------------------------------------------------------------------------------------------------------------------- MONTH MONTH MONTH QUARTER ----------------------------------------------------- REVENUES JANUARY, 2001 TOTAL -------------------------------------------------------------------------------------------------------------------------- 1. GROSS REVENUES $9,800,616 $0 $0 $9,800,616 -------------------------------------------------------------------------------------------------------------------------- 2. LESS: RETURNS & DISCOUNTS $0 $0 $0 $0 -------------------------------------------------------------------------------------------------------------------------- 3. NET REVENUE $9,800,616 $0 $0 $9,800,616 -------------------------------------------------------------------------------------------------------------------------- COST OF GOODS SOLD -------------------------------------------------------------------------------------------------------------------------- 4. MATERIAL $0 $0 $0 $0 -------------------------------------------------------------------------------------------------------------------------- 5. DIRECT LABOR $0 $0 $0 $0 -------------------------------------------------------------------------------------------------------------------------- 6. DIRECT OVERHEAD $0 $0 $0 $0 -------------------------------------------------------------------------------------------------------------------------- 7. TOTAL COST OF GOODS SOLD $0 $0 $0 $0 -------------------------------------------------------------------------------------------------------------------------- 8. GROSS PROFIT $9,800,616 $0 $0 $9,800,616 -------------------------------------------------------------------------------------------------------------------------- OPERATING EXPENSES -------------------------------------------------------------------------------------------------------------------------- 9. OFFICER / INSIDER COMPENSATION $58,334 $0 $0 $58,334 -------------------------------------------------------------------------------------------------------------------------- 10. SELLING & MARKETING $0 $0 $0 $0 -------------------------------------------------------------------------------------------------------------------------- 11. GENERAL & ADMINISTRATIVE $1,095,685 $0 $0 $1,095,685 -------------------------------------------------------------------------------------------------------------------------- 12. RENT & LEASE $2,510,052 $0 $0 $2,510,052 -------------------------------------------------------------------------------------------------------------------------- 13. OTHER (ATTACH LIST) $12,863,148 $0 $0 $12,863,148 -------------------------------------------------------------------------------------------------------------------------- 14. TOTAL OPERATING EXPENSES $16,527,219 $0 $0 $16,527,219 -------------------------------------------------------------------------------------------------------------------------- 15. INCOME BEFORE NON-OPERATING INCOME & EXPENSE ($6,726,603) $0 $0 ($6,726,603) -------------------------------------------------------------------------------------------------------------------------- OTHER INCOME & EXPENSES -------------------------------------------------------------------------------------------------------------------------- 16. NON-OPERATING INCOME (ATT. LIST) ($1,968) $0 $0 ($1,968) -------------------------------------------------------------------------------------------------------------------------- 17. NON-OPERATING EXPENSE (ATT. LIST) $0 $0 $0 $0 -------------------------------------------------------------------------------------------------------------------------- 18. INTEREST EXPENSE $635,066 $0 $0 $635,066 -------------------------------------------------------------------------------------------------------------------------- 19. DEPRECIATION / DEPLETION $116,821 $0 $0 $116,821 -------------------------------------------------------------------------------------------------------------------------- 20. AMORTIZATION $0 $0 $0 $0 -------------------------------------------------------------------------------------------------------------------------- 21. OTHER (ATTACH LIST) ($6,750,819) $0 $0 ($6,750,819) -------------------------------------------------------------------------------------------------------------------------- 22. NET OTHER INCOME & EXPENSES ($6,000,900) $0 $0 ($6,000,900) -------------------------------------------------------------------------------------------------------------------------- REORGANIZATION EXPENSES -------------------------------------------------------------------------------------------------------------------------- 23. PROFESSIONAL FEES $0 $0 $0 $0 -------------------------------------------------------------------------------------------------------------------------- 24. U.S. TRUSTEE FEES $0 $0 $0 $0 -------------------------------------------------------------------------------------------------------------------------- 25. OTHER (ATTACH LIST) $0 $0 $0 $0 -------------------------------------------------------------------------------------------------------------------------- 26. TOTAL REORGANIZATION EXPENSES $0 $0 $0 $0 -------------------------------------------------------------------------------------------------------------------------- 27. INCOME TAX ($290,281) $0 $0 ($290,281) -------------------------------------------------------------------------------------------------------------------------- 28. NET PROFIT (LOSS) ($435,422) $0 $0 ($435,422) -------------------------------------------------------------------------------------------------------------------------- ================================================================================================================================== - ---------------------------------------------------------------------------------------------------------------------------------- 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 QUARTER CASH RECEIPTS AND -------------------------------------------------------- DISBURSEMENTS JANUARY, 2001 TOTAL ------------------------------------------------------------------------------------------------------- 1. CASH - BEGINNING OF MONTH $20,824 $20,924 $20,924 $20,824 -------------------------------------------------------------------------------------------------------------------------- RECEIPTS FROM OPERATIONS -------------------------------------------------------------------------------------------------------------------------- 2. CASH SALES $0 $0 $0 $0 -------------------------------------------------------------------------------------------------------------------------- COLLECTION OF ACCOUNTS RECEIVABLE -------------------------------------------------------------------------------------------------------------------------- 3. PREPETITION $0 $0 $0 $0 -------------------------------------------------------------------------------------------------------------------------- 4. POSTPETITION $47,561,767 $0 $0 $47,561,767 -------------------------------------------------------------------------------------------------------------------------- 5. TOTAL OPERATING RECEIPTS $47,561,767 $0 $0 $47,561,767 -------------------------------------------------------------------------------------------------------------------------- NON - OPERATING RECEIPTS -------------------------------------------------------------------------------------------------------------------------- 6. LOANS & ADVANCES (ATTACH LIST) $0 $0 $0 $0 -------------------------------------------------------------------------------------------------------------------------- 7. SALE OF ASSETS $0 $0 $0 $0 -------------------------------------------------------------------------------------------------------------------------- 8. OTHER (ATTACH LIST) ($47,561,667) $0 $0 ($47,561,667) -------------------------------------------------------------------------------------------------------------------------- 9. TOTAL NON-OPERATING RECEIPTS ($47,561,667) $0 $0 ($47,561,667) -------------------------------------------------------------------------------------------------------------------------- 10. TOTAL RECEIPTS $100 $0 $0 $100 -------------------------------------------------------------------------------------------------------------------------- 11. TOTAL CASH AVAILABLE $20,924 $20,924 $20,924 $20,924 -------------------------------------------------------------------------------------------------------------------------- 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 $100 $0 $0 $100 -------------------------------------------------------------------------------------------------------------------------- 33. CASH - END OF MONTH $20,924 $20,924 $20,924 $20,924 -------------------------------------------------------------------------------------------------------------------------- =================================================================================================================================== - ---------------------------------------------------------------------------------------------------------------------------------- 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 JANUARY, 2001 ------------------------------------------------------------------------------------------------------------------------- 1. 0-30 $27,808,237 $23,056,502 $0 $0 ------------------------------------------------------------------------------------------------------------------------- 2. 31-60 $648,873 $329,211 $0 $0 ------------------------------------------------------------------------------------------------------------------------- 3. 61-90 $923,454 $46,815 $0 $0 ------------------------------------------------------------------------------------------------------------------------- 4. 91+ ($77,519) $1,377,605 $0 $0 ------------------------------------------------------------------------------------------------------------------------- 5. TOTAL ACCOUNTS RECEIVABLE $29,303,045 $24,810,133 $0 $0 ------------------------------------------------------------------------------------------------------------------------- 6. AMOUNT CONSIDERED UNCOLLECTIBLE ------------------------------------------------------------------------------------------------------------------------- 7. ACCOUNTS RECEIVABLE (NET) $29,303,045 $24,810,133 $0 $0 ------------------------------------------------------------------------------------------------------------------------- --------------------------------------------------------------- AGING OF POSTPETITION TAXES AND PAYABLES MONTH: JANUARY, 2001 ---------------------------- --------------------------------------------------------------------------------------------------------------------------- 0-30 31-60 61-90 91+ TAXES PAYABLE DAYS DAYS DAYS DAYS TOTAL --------------------------------------------------------------------------------------------------------------------------- 1. FEDERAL $0 $0 $0 $0 $0 --------------------------------------------------------------------------------------------------------------------------- 2. STATE $38,000 $0 $0 $0 $38,000 --------------------------------------------------------------------------------------------------------------------------- 3. LOCAL $0 $0 $0 $0 --------------------------------------------------------------------------------------------------------------------------- 4. OTHER (ATTACH LIST) $0 $0 $0 $0 --------------------------------------------------------------------------------------------------------------------------- 5. TOTAL TAXES PAYABLE $38,000 $0 $0 $0 $38,000 --------------------------------------------------------------------------------------------------------------------------- --------------------------------------------------------------------------------------------------------------------------- 6. ACCOUNTS PAYABLE $1,499,748 $244,197 $53,514 $1,173,169 $2,970,628 --------------------------------------------------------------------------------------------------------------------------- --------------------------------------------------------------------- STATUS OF POSTPETITION TAXES MONTH: JANUARY, 2001 ------------------------------ --------------------------------------------------------------------------------------------------------------------------- BEGINNING AMOUNT ENDING TAX WITHHELD AND/ AMOUNT TAX FEDERAL LIABILITY* 0R ACCRUED PAID LIABILITY --------------------------------------------------------------------------------------------------------------------------- 1. WITHHOLDING** $0 $1,005,989 $1,005,989 $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 $1,005,989 $1,005,989 $0 --------------------------------------------------------------------------------------------------------------------------- STATE AND LOCAL --------------------------------------------------------------------------------------------------------------------------- 8. WITHHOLDING $0 $0 --------------------------------------------------------------------------------------------------------------------------- 9. SALES $0 $0 --------------------------------------------------------------------------------------------------------------------------- 10. EXCISE $289,994 $38,000 $289,994 $38,000 --------------------------------------------------------------------------------------------------------------------------- 11. UNEMPLOYMENT $0 $0 --------------------------------------------------------------------------------------------------------------------------- 12. REAL PROPERTY $0 $0 --------------------------------------------------------------------------------------------------------------------------- 13. PERSONAL PROPERTY $0 $0 $0 $0 --------------------------------------------------------------------------------------------------------------------------- 14. OTHER (ATTACH LIST) $0 $0 --------------------------------------------------------------------------------------------------------------------------- 15. TOTAL STATE & LOCAL $289,994 $38,000 $289,994 $38,000 --------------------------------------------------------------------------------------------------------------------------- 16. TOTAL TAXES $289,994 $1,043,989 $1,295,983 $38,000 --------------------------------------------------------------------------------------------------------------------------- * 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: JANUARY, 2001 ------------- ------------------------------------------------------------- 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 $20,924 --------------------------------------------------------------------------------------------------------------- 13. TOTAL CASH - END OF MONTH $20,924 --------------------------------------------------------------------------------------------------------------- =================================================================================================================================== - ---------------------------------------------------------------------------------------------------------------------------------- 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: JANUARY, 2001 ----------------------------------------------------------------- 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 $31,667 $154,582 ------------------------------------------------------------------------------------------------------ 2. Donny Scott Salary $26,667 $118,332 ------------------------------------------------------------------------------------------------------ 3. Susan Hawley Salary $0 $41,667 ------------------------------------------------------------------------------------------------------ 4. ------------------------------------------------------------------------------------------------------ 5. ------------------------------------------------------------------------------------------------------ 6. TOTAL PAYMENTS TO INSIDERS $58,334 $314,581 ------------------------------------------------------------------------------------------------------ ----------------------------------------------------------------------------------------------------------------------- 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: JANUARY, 2001 --------------------- -------------------------------------------------- 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) Sale to Stambaugh Aviation of ATAZ STC closed in January, for $3,000,000 cash & $1,727,995 Net Gain --------------------------------------------------------------------------------------------------------------------------- -------------------------------------------------- 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 JANUARY, 2001 AMENDED 03/20/01 ACCRUAL BASIS-1 8. OTHER (ATTACH LIST) $ (41,337,323) Reported ---------------------------------- Intercompany Receivables (45,856,168) Deposits - State Street Bank (TA Air) 3,534,695 Deposits - Landing & Parking 57,000 Deposits - Ventura Aerospace 65,125 Deposits - Rent 113,643 Deposits - Misc 642,125 Intangible - Mather 106,257 ---------------------------------- (41,337,323) Detail ---------------------------------- - Difference 14. OTHER (ATTACH LIST) $ 2,320,000 Reported ---------------------------------- Deposits - Aircraft Leases 2,320,000 Intangible - ATAZ STC 0 ---------------------------------- 2,320,000 Detail ---------------------------------- - Difference 22. OTHER (ATTACH LIST) $ 10,396,948 Reported ---------------------------------- Accrued A/P 4,157,438 Deposit held for ATAZ sale 0 Accrued Salaries & Wages 1,882,284 Accrued 401K & Misc PR Deductions 302,701 Accrued PR Taxes (FICA) 135,020 Accrued Fuel Exp 8,863,474 Accrued Interest 294,016 Accrued Maintenance Reserves 446,433 Accrued Fed Income Tax (Post) (5,684,418) ---------------------------------- 10,396,948 Detail ---------------------------------- - Difference 27. OTHER (ATTACH LIST) $ 20,040,527 Reported ---------------------------------- Accrued A/P 5,344,093 Accrued Maintenance Reserves 10,267,512 Accrued Fed Income Tax (Pre) 3,332,363 Accrued Taxes - Other 444 FINOVA Equip Accrued 351,615 Pegasus Lease Incentive 744,500 ---------------------------------- 20,040,527 Detail ---------------------------------- - Difference CASE NAME: KITTY HAWK AIRCARGO, INC. CASE NUMBER: 400-42142-BJH-11 DETAILS OF OTHER ITEMS JANUARY, 2001 AMENDED 03/20/01 ACCRUAL BASIS-2 13. OTHER (ATTACH LIST) $12,863,148 Reported ---------------------------------- Aircraft Expense 2,235,133 Maintenance 3,863,246 Fuel 361,883 Ops Wages 3,285,736 Ops Wages-Grnd 409,260 Ground Handling 975,138 Other Operating Exp 1,732,752 ---------------------------------- 12,863,148 Detail ---------------------------------- - Difference 16 NON OPERATING INCOME (ATT. LIST) ($1,968) Reported ---------------------------------- Non-Op Income (1,968) Detail ---------------------------------- - Difference 17 NON OPERATING EXPENSE (ATT. LIST) $0 Reported ---------------------------------- Non-Op Expense - Detail ---------------------------------- - Difference 21 OTHER (ATTACH LIST) ($6,750,819) Reported ---------------------------------- (Gain)/Loss on Sale of Assets (1,727,665) Credit for Allocation of A/C Costs to KH I/C (5,023,154) ---------------------------------- (6,750,819) Detail ---------------------------------- - Difference ACCRUAL BASIS-3 8. OTHER (ATTACH LIST) (47,561,667) Reported ---------------------------------- Transfer to Inc - all money sweeps (47,561,667) 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: JANUARY, 2001 ---------------------------------- 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. ------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------ 6 Insiders Payments to insiders include a portion of the Court approved retention ------------------------------------------------------------------------------------------------------------------------------ payments in the month of January. ------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------ 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 original filing date of February 20, 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-99.3 4 a2043106zex-99_3.txt EXHIBIT 99.3 Exhibit 99.3 Monthly Operating Report -------------------------------------- CASE NAME: Kitty Hawk Charters, Inc. ACCRUAL BASIS -------------------------------------- CASE NUMBER: 400-42143-BJH 02/13/95, RWD, 2/96 -------------------------------------- JUDGE: Barbara J. Houser -------------------------------------- UNITED STATES BANKRUPTCY COURT NORTHERN DISTRICT OF TEXAS SIXTH DIVISION MONTHLY OPERATING REPORT MONTH ENDING: JANUARY 31, 2001 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 2/20/2001 ------------------------------------------- ------------------------------------------- PRINTED NAME OF RESPONSIBLE PARTY DATE PREPARER: /s/ Jessica L. Wilson Chief Accounting Officer ------------------------------------------- ------------------------------------------- ORIGINAL SIGNATURE OF PREPARER TITLE Jessica L. Wilson 2/20/2001 ------------------------------------------- ------------------------------------------- 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 January 2001 --------------------------------------------------------------------------------------------- 1. UNRESTRICTED CASH $15,476 $41,484 $0 $0 --------------------------------------------------------------------------------------------- 2. RESTRICTED CASH $0 $0 --------------------------------------------------------------------------------------------- 3. TOTAL CASH $15,476 $41,484 $0 $0 --------------------------------------------------------------------------------------------- 4. ACCOUNTS RECEIVABLE (NET) $13,356,789 $3,303,684 $0 $0 --------------------------------------------------------------------------------------------- 5. INVENTORY $4,716,172 $0 $0 --------------------------------------------------------------------------------------------- 6. NOTES RECEIVABLE $0 $0 $0 --------------------------------------------------------------------------------------------- 7. PREPAID EXPENSES $242,964 $0 $0 --------------------------------------------------------------------------------------------- 8. OTHER (ATTACH LIST) $37,290,970 $49,413,378 $0 $0 --------------------------------------------------------------------------------------------- 9. TOTAL CURRENT ASSETS $50,663,235 $57,717,682 $0 $0 ============================================================================================= 10. PROPERTY, PLANT & EQUIPMENT $17,083,867 $16,843,061 $0 $0 --------------------------------------------------------------------------------------------- 11. LESS: ACCUMULATED DEPRECIATION/DEPLETION $7,285,387 $0 $0 --------------------------------------------------------------------------------------------- 12. NET PROPERTY, PLANT & EQUIPMENT $17,083,867 $9,557,674 $0 $0 ============================================================================================= 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 $67,275,356 $0 $0 ============================================================================================= POSTPETITION LIABILITIES --------------------------------------------------------------------------------------------- 17. ACCOUNTS PAYABLE $248,829 $0 $0 --------------------------------------------------------------------------------------------- 18. TAXES PAYABLE ($820,669) $0 $0 --------------------------------------------------------------------------------------------- 19. NOTES PAYABLE $0 $0 $0 --------------------------------------------------------------------------------------------- 20. PROFESSIONAL FEES $0 $0 $0 --------------------------------------------------------------------------------------------- 21. SECURED DEBT $0 $0 $0 --------------------------------------------------------------------------------------------- 22. OTHER (ATTACH LIST) $1,541,780 $0 $0 --------------------------------------------------------------------------------------------- 23. TOTAL POSTPETITION LIABILITIES $969,940 $0 $0 ============================================================================================= PREPETITION LIABILITIES --------------------------------------------------------------------------------------------- 24. SECURED DEBT $152,776 $67,567 $0 $0 --------------------------------------------------------------------------------------------- 25. PRIORITY DEBT $380,384 $0 $0 $0 --------------------------------------------------------------------------------------------- 26. UNSECURED DEBT $10,596,326 $18,176,267 $0 $0 --------------------------------------------------------------------------------------------- 27. OTHER (ATTACH LIST) $0 $0 $0 --------------------------------------------------------------------------------------------- 28. TOTAL PREPETITION LIABILITIES $11,129,486 $18,243,834 $0 $0 --------------------------------------------------------------------------------------------- 29. TOTAL LIABILITIES $11,129,486 $19,213,774 $0 $0 ============================================================================================= EQUITY --------------------------------------------------------------------------------------------- 30. PREPETITION OWNERS' EQUITY $49,811,125 $0 $0 --------------------------------------------------------------------------------------------- 31. POSTPETITION CUMULATIVE PROFIT OR (LOSS) ($1,749,543) $0 $0 --------------------------------------------------------------------------------------------- 32. DIRECT CHARGES TO EQUITY (ATTACH EXPLANATION) --------------------------------------------------------------------------------------------- 33. TOTAL EQUITY $0 $48,061,582 $0 $0 ============================================================================================= 34. TOTAL LIABILITIES & OWNERS' EQUITY $11,129,486 $67,275,356 $0 $0 =============================================================================================
Monthly Operating Report -------------------------------------- CASE NAME: Kitty Hawk Charters, Inc. ACCRUAL BASIS-2 -------------------------------------- CASE NUMBER: 400-42143-BJH 02/13/95, RWD, 2/96 -------------------------------------- INCOME STATEMENT
--------------------------------------------------------------------------------------------- MONTH MONTH MONTH QUARTER ---------------------------------------------------------- REVENUES January 2001 TOTAL --------------------------------------------------------------------------------------------- 1. GROSS REVENUES $1,303,182 $0 $0 $1,303,182 --------------------------------------------------------------------------------------------- 2. LESS: RETURNS & DISCOUNTS $0 $0 $0 $0 --------------------------------------------------------------------------------------------- 3. NET REVENUE $1,303,182 $0 $0 $1,303,182 --------------------------------------------------------------------------------------------- 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 $1,303,182 $0 $0 $1,303,182 --------------------------------------------------------------------------------------------- OPERATING EXPENSES --------------------------------------------------------------------------------------------- 9. OFFICER/INSIDER COMPENSATION $10,000 $0 $0 $10,000 --------------------------------------------------------------------------------------------- 10. SELLING & MARKETING $0 $0 $0 $0 --------------------------------------------------------------------------------------------- 11. GENERAL & ADMINISTRATIVE $64,290 $0 $0 $64,290 --------------------------------------------------------------------------------------------- 12. RENT & LEASE $3,425 $0 $0 $3,425 --------------------------------------------------------------------------------------------- 13. OTHER (ATTACH LIST) $1,296,734 $0 $0 $1,296,734 --------------------------------------------------------------------------------------------- 14. TOTAL OPERATING EXPENSES $1,374,449 $0 $0 $1,374,449 ============================================================================================= 15. INCOME BEFORE NON-OPERATING INCOME & EXPENSE ($71,267) $0 $0 ($71,267) --------------------------------------------------------------------------------------------- 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 $1,343 $0 $0 $1,343 --------------------------------------------------------------------------------------------- 19. DEPRECIATION/DEPLETION $175,669 $0 $0 $175,669 --------------------------------------------------------------------------------------------- 20. AMORTIZATION $0 $0 $0 $0 --------------------------------------------------------------------------------------------- 21. OTHER (ATTACH LIST) $0 $0 $0 $0 --------------------------------------------------------------------------------------------- 22. NET OTHER INCOME & EXPENSES $177,012 $0 $0 $177,012 --------------------------------------------------------------------------------------------- REORGANIZATION EXPENSES --------------------------------------------------------------------------------------------- 23. PROFESSIONAL FEES $0 $0 $0 $0 --------------------------------------------------------------------------------------------- 24. U.S. TRUSTEE FEES $0 $0 $0 $0 --------------------------------------------------------------------------------------------- 25. OTHER (ATTACH LIST) $0 $0 $0 $0 --------------------------------------------------------------------------------------------- 26. TOTAL REORGANIZATION EXPENSES $0 $0 $0 $0 ============================================================================================= 27. INCOME TAX ($74,102) $0 $0 ($74,102) ============================================================================================= 28. NET PROFIT (LOSS) ($174,177) $0 $0 ($174,177) =============================================================================================
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 QUARTER CASH RECEIPTS AND -------------------------------------------------------------- DISBURSEMENTS January 2001 TOTAL --------------------------------------------------------------------------------------------- 1. CASH - BEGINNING OF MONTH $23,477 $0 $0 $23,477 --------------------------------------------------------------------------------------------- RECEIPTS FROM OPERATIONS --------------------------------------------------------------------------------------------- 2. CASH SALES $50 $0 $0 $50 --------------------------------------------------------------------------------------------- COLLECTION OF ACCOUNTS RECEIVABLE --------------------------------------------------------------------------------------------- 3. PREPETITION $0 $0 $0 $0 --------------------------------------------------------------------------------------------- 4. POSTPETITION $2,119,654 $0 $0 $2,119,654 --------------------------------------------------------------------------------------------- 5. TOTAL OPERATING RECEIPTS $2,119,704 $0 $0 $2,119,704 --------------------------------------------------------------------------------------------- NON - OPERATING RECEIPTS --------------------------------------------------------------------------------------------- 6. LOANS & ADVANCES (ATTACH LIST) $0 $0 $0 $0 --------------------------------------------------------------------------------------------- 7. SALE OF ASSETS $0 $0 $0 $0 --------------------------------------------------------------------------------------------- 8. OTHER (ATTACH LIST) ($2,101,697) $0 $0 ($2,101,697) --------------------------------------------------------------------------------------------- 9. TOTAL NON-OPERATING RECEIPTS ($2,101,697) $0 $0 ($2,101,697) ============================================================================================= 10. TOTAL RECEIPTS $18,007 $0 $0 $18,007 ============================================================================================= 11. TOTAL CASH AVAILABLE $41,484 $0 $0 $41,484 --------------------------------------------------------------------------------------------- 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 $18,007 $0 $0 $18,007 ============================================================================================= 33. CASH - END OF MONTH $41,484 $0 $0 $41,484 =============================================================================================
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 January 2001 ---------------------------------------------------------------------------------------------------- 1. 0-30 $824,279 $0 $0 ---------------------------------------------------------------------------------------------------- 2. 31-60 $948,070 $0 $0 ---------------------------------------------------------------------------------------------------- 3. 61-90 $333,026 $0 $0 ---------------------------------------------------------------------------------------------------- 4. 91+ $1,198,309 $0 $0 ==================================================================================================== 5. TOTAL ACCOUNTS RECEIVABLE $0 $3,303,684 $0 $0 ---------------------------------------------------------------------------------------------------- 6. AMOUNT CONSIDERED UNCOLLECTIBLE $0 $0 $0 ==================================================================================================== 7. ACCOUNTS RECEIVABLE (NET) $0 $3,303,684 $0 $0 ====================================================================================================
AGING OF POSTPETITION TAXES AND PAYABLES MONTH: January 2001
------------------------------------------------------------------------------------ 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 $26,930 $24,729 $2,369 $194,801 $248,829 ====================================================================================
STATUS OF POSTPETITION TAXES MONTH: January 2001
------------------------------------------------------------------------------------ BEGINNING AMOUNT ENDING TAX WITHHELD AND/ AMOUNT TAX FEDERAL LIABILITY* 0R ACCRUED PAID LIABILITY ------------------------------------------------------------------------------------ 1. WITHHOLDING** $0 $196,044 $196,044 $0 ------------------------------------------------------------------------------------ 2. FICA-EMPLOYEE** $0 $0 $0 $0 ------------------------------------------------------------------------------------ 3. FICA-EMPLOYER** $0 $0 $0 $0 ------------------------------------------------------------------------------------ 4. UNEMPLOYMENT $0 $0 $0 $0 ------------------------------------------------------------------------------------ 5. INCOME ($761,477) ($74,102) $0 ($835,579) ------------------------------------------------------------------------------------ 6. OTHER (ATTACH LIST) $0 $0 $0 $0 ==================================================================================== 7. TOTAL FEDERAL TAXES ($761,477) $121,942 $196,044 ($835,579) ==================================================================================== STATE AND LOCAL ------------------------------------------------------------------------------------ 8. WITHHOLDING $0 $0 $0 $0 ------------------------------------------------------------------------------------ 9. SALES $474 $0 $151 $323 ------------------------------------------------------------------------------------ 10. EXCISE $31,190 $14,587 $31,190 $14,587 ------------------------------------------------------------------------------------ 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 $31,664 $14,587 $31,341 $14,910 ==================================================================================== 16. TOTAL TAXES ($729,813) $136,529 $227,385 ($820,669) ====================================================================================
* 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: January 2001 BANK RECONCILIATIONS
--------------------------------------------------------------------------------------- Account #1 Account #2 Account #3 TOTAL --------------------------------------------------------------------------------------- A. BANK: Bank One Sun Trust --------------------------------------------------------------------------------------- B. ACCOUNT NUMBER: 100128198 5572932 --------------------------------------------------------------------------------------- C. PURPOSE (TYPE): Deposit Operating --------------------------------------------------------------------------------------- 1. BALANCE PER BANK STATEMENT $0 $16,712 $16,712 --------------------------------------------------------------------------------------- 2. ADD: TOTAL DEPOSITS NOT CREDITED $0 $0 $0 --------------------------------------------------------------------------------------- 3. SUBTRACT: OUTSTANDING CHECKS $0 $0 $0 --------------------------------------------------------------------------------------- 4. OTHER RECONCILING ITEMS $9,389 $0 $9,389 --------------------------------------------------------------------------------------- 5. MONTH END BALANCE PER BOOKS $9,389 $16,712 $0 $26,101 --------------------------------------------------------------------------------------- 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 $15,383 ============================================================================ 13. TOTAL CASH - END OF MONTH $41,484 ============================================================================
Monthly Operating Report -------------------------------------- CASE NAME: Kitty Hawk Charters, Inc. ACCRUAL BASIS-6 -------------------------------------- CASE NUMBER: 400-42143-BJH 02/13/95, RWD, 2/96 -------------------------------------- MONTH: January 2001 ------------- --------------------------------------- PAYMENTS TO INSIDERS AND PROFESSIONALS --------------------------------------- OF THE TOTAL DISBURSEMENTS SHOWN FOR THE MONTH, LIST THE AMOUNT PAID TO INSIDERS (AS DEFINED IN SECTION 101 (31) (A)-(F) OF THE U.S. BANKRUPTCY CODE) AND TO PROFESSIONALS. ALSO, FOR PAYMENTS TO INSIDERS, IDENTIFY THE TYPE OF COMPENSATION PAID (e.g. SALARY, BONUS, COMMISSIONS, INSURANCE, HOUSING ALLOWANCE, TRAVEL, CAR ALLOWANCE, ETC.). ATTACH ADDITIONAL SHEETS IF NECESSARY.
---------------------------------------------------------------------------- INSIDERS ---------------------------------------------------------------------------- TYPE OF AMOUNT TOTAL PAID NAME PAYMENT PAID TO DATE ---------------------------------------------------------------------------- 1. Toby Skaar Salary $0 $4,808 ---------------------------------------------------------------------------- 2. Doug Kalitta Salary $10,000 $100,000 ---------------------------------------------------------------------------- 3. N/A ---------------------------------------------------------------------------- 4. N/A ---------------------------------------------------------------------------- 5. N/A ---------------------------------------------------------------------------- 6. TOTAL PAYMENTS TO INSIDERS $10,000 $104,808 ----------------------------------------------------------------------------
---------------------------------------------------------------------------------------- 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 $21,814 $0 ---------------------------------------------------------------------------------------- 2. N/A ---------------------------------------------------------------------------------------- 3. N/A ---------------------------------------------------------------------------------------- 4. N/A ---------------------------------------------------------------------------------------- 5. N/A ---------------------------------------------------------------------------------------- 6. TOTAL $11,579 $21,814 $0 ----------------------------------------------------------------------------------------
Monthly Operating Report -------------------------------------- CASE NAME: Kitty Hawk Charters, Inc. ACCRUAL BASIS-7 -------------------------------------- CASE NUMBER: 400-42143-BJH 02/13/95, RWD, 2/96 -------------------------------------- MONTH: January 2001 -------------
---------------------------------------------------------------------------------- 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 - Payments have been made on the GE Capital Note, secured by one Learjet. ------------------------------------------------------------------------ ------------------------------------------------------------------------ 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. CASE NUMBER: 400-42143 DETAILS OF OTHER ITEMS ACCRUAL BASIS-1 January 2001 8. OTHER (ATTACH LIST) $ 49,413,378 Reported ------------ Intercompany Receivables 49,060,816 A/R 401(k) Loan (4,136) A/R Customer Refund 9,958 A/R Employees 5,034 A/R Clothing Sales 32,711 A/R Accrued 95,000 A/R Aging reconciling item 149,873 Fuel Inventory 8,049 Security Deposit 56,073 ------------ 49,413,378 Detail ------------ - Difference 22. OTHER (ATTACH LIST) $ 1,541,780 Reported ------------ Accrued Maintenance - Accrued charter expenses 737,732 Accrued Salaries/Wages 230,345 Accrued 401(k) 24,671 A/P Aging reconciling item 7,893 Misc 18,516 Accrued Fuel 522,623 ------------ 1,541,780 Detail ------------ - Difference ACCRUAL BASIS-2 13. OTHER (ATTACH LIST) $1,296,734 Reported ------------ Ondemand costs 154,669 135 Airline charter costs 39,851 Parts Lease - Fuel 246,198 Wages 661,109 Travel expense 21,267 Insurance 45,766 Rotables/Repair/Consumables 99,032 Shipping 7,243 Charts 1,300 Shop materials/equip rental 20,299 Maintenance allocation - ------------ 1,296,734 Detail ------------ - Difference ACCRUAL BASIS-3 8. OTHER (ATTACH LIST) (2,101,697)Reported ------------ Sweeps to Kitty Hawk, Inc. (2,101,697)Detail ------------ (2,101,697)Detail ------------ - Difference
-------------------------------------- CASE NAME: Kitty Hawk Charters, Inc. FOOTNOTES SUPPLEMENT -------------------------------------- CASE NUMBER: 400-42143-BJH ACCRUAL BASIS -------------------------------------- MONTH: January 2001 -------------
-------------------------------------------------------------------------------------------------------------------- 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) -------------------------------------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------------------------------------- --------------------------------------------------------------------------------------------------------------------
EX-99.4 5 a2043106zex-99_4.txt EXHIBIT 99.4 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: JANUARY 31, 2001 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 2/20/2001 ---------------------------------------- ---------------------------- PRINTED NAME OF RESPONSIBLE PARTY DATE PREPARER: /s/ Jessica L. Wilson Chief Accounting Officer ---------------------------------------- ---------------------------- ORIGINAL SIGNATURE OF PREPARER TITLE Jessica L. Wilson 2/20/2001 ---------------------------------------- ---------------------------- 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 January 2001 ----------------------------------------------------------------------------------------------------------------- 1. UNRESTRICTED CASH $40,098 $0 $0 $0 ----------------------------------------------------------------------------------------------------------------- 2. RESTRICTED CASH $18,200,875 $0 $0 ----------------------------------------------------------------------------------------------------------------- 3. TOTAL CASH $40,098 $18,200,875 $0 $0 ================================================================================================================= 4. ACCOUNTS RECEIVABLE (NET) $9,006,275 $7,355,289 $0 $0 ----------------------------------------------------------------------------------------------------------------- 5. INVENTORY $20,429,725 $0 $0 $0 ----------------------------------------------------------------------------------------------------------------- 6. NOTES RECEIVABLE $6,000,000 $0 $0 ----------------------------------------------------------------------------------------------------------------- 7. PREPAID EXPENSES $70,714 $0 $0 ----------------------------------------------------------------------------------------------------------------- 8. OTHER (ATTACH LIST) $21,367,511 ($352,832,051) $0 $0 ----------------------------------------------------------------------------------------------------------------- 9. TOTAL CURRENT ASSETS $50,843,609 ($321,205,173) $0 $0 ================================================================================================================= 10. PROPERTY, PLANT & EQUIPMENT $474,988,760 $520,767,098 ----------------------------------------------------------------------------------------------------------------- 11. LESS: ACCUMULATED DEPRECIATION/DEPLETION $439,236,027 ----------------------------------------------------------------------------------------------------------------- 12. NET PROPERTY, PLANT & EQUIPMENT $474,988,760 $81,531,071 $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 $525,832,369 ($239,674,102) $0 $0 ================================================================================================================= POSTPETITION LIABILITIES ----------------------------------------------------------------------------------------------------------------- 17. ACCOUNTS PAYABLE $76,028 $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) ($148,779,545) $0 $0 ----------------------------------------------------------------------------------------------------------------- 23. TOTAL POSTPETITION LIABILITIES ($148,703,517) $0 $0 ================================================================================================================= PREPETITION LIABILITIES ----------------------------------------------------------------------------------------------------------------- 24. SECURED DEBT $23,187,921 $22,251,961 $0 $0 ----------------------------------------------------------------------------------------------------------------- 25. PRIORITY DEBT $4,672,323 $0 $0 $0 ----------------------------------------------------------------------------------------------------------------- 26. UNSECURED DEBT $392,188,633 $17,760,068 $0 $0 ----------------------------------------------------------------------------------------------------------------- 27. OTHER (ATTACH LIST) $76,011,020 $0 ----------------------------------------------------------------------------------------------------------------- 28. TOTAL PREPETITION LIABILITIES $420,048,877 $116,023,049 $0 $0 ================================================================================================================= 29. TOTAL LIABILITIES $420,048,877 ($32,680,468) $0 $0 ================================================================================================================= EQUITY ----------------------------------------------------------------------------------------------------------------- 30. PREPETITION OWNERS' EQUITY $16,327,446 $0 $0 ----------------------------------------------------------------------------------------------------------------- 31. POSTPETITION CUMULATIVE PROFIT OR (LOSS) ($223,321,080) $0 $0 ----------------------------------------------------------------------------------------------------------------- 32. DIRECT CHARGES TO EQUITY (ATTACH EXPLANATION) ----------------------------------------------------------------------------------------------------------------- 33. TOTAL EQUITY $0 ($206,993,634) $0 $0 ================================================================================================================= 34. TOTAL LIABILITIES & OWNERS' EQUITY $420,048,877 ($239,674,102) $0 $0 =================================================================================================================
MONTHLY OPERATING REPORT ----------------------------------------- CASE NAME: KITTY HAWK INTERNATIONAL, INC. ACCRUAL BASIS-2 ----------------------------------------- CASE NUMBER: 400-42144 02/13/95, RWD, 2/96 ----------------------------------------- INCOME STATEMENT
------------------------------------------------------------------------------------------------------- MONTH MONTH MONTH ----------------------------------------------- QUARTER REVENUES January 2001 TOTAL ------------------------------------------------------------------------------------------------------- 1. GROSS REVENUES $192,875 $0 $0 $192,875 ------------------------------------------------------------------------------------------------------- 2. LESS: RETURNS & DISCOUNTS $0 $0 $0 $0 ------------------------------------------------------------------------------------------------------- 3. NET REVENUE $192,875 $0 $0 $192,875 ------------------------------------------------------------------------------------------------------- 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 $192,875 $0 $0 $192,875 ------------------------------------------------------------------------------------------------------- OPERATING EXPENSES ------------------------------------------------------------------------------------------------------- 9. OFFICER/INSIDER COMPENSATION $0 $0 $0 $0 ------------------------------------------------------------------------------------------------------- 10. SELLING & MARKETING $0 $0 $0 $0 ------------------------------------------------------------------------------------------------------- 11. GENERAL & ADMINISTRATIVE $47,090 $0 $0 $47,090 ------------------------------------------------------------------------------------------------------- 12. RENT & LEASE ($7,446) $0 $0 ($7,446) ------------------------------------------------------------------------------------------------------- 13. OTHER (ATTACH LIST) $0 $0 $0 $0 ------------------------------------------------------------------------------------------------------- 14. TOTAL OPERATING EXPENSES $39,644 $0 $0 $39,644 ======================================================================================================= 15. INCOME BEFORE NON-OPERATING INCOME & EXPENSE $153,231 $0 $0 $153,231 ------------------------------------------------------------------------------------------------------- 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 $747 $0 $0 $747 ------------------------------------------------------------------------------------------------------- 19. DEPRECIATION/DEPLETION $0 $0 $0 $0 ------------------------------------------------------------------------------------------------------- 20. AMORTIZATION $23,826 $0 $0 $23,826 ------------------------------------------------------------------------------------------------------- 21. OTHER (ATTACH LIST) ($93,196) $0 $0 ($93,196) ------------------------------------------------------------------------------------------------------- 22. NET OTHER INCOME & EXPENSES ($68,623) $0 $0 ($68,623) ------------------------------------------------------------------------------------------------------- REORGANIZATION EXPENSES ------------------------------------------------------------------------------------------------------- 23. PROFESSIONAL FEES $161,731 $0 $0 $161,731 ------------------------------------------------------------------------------------------------------- 24. U.S. TRUSTEE FEES $0 $0 $0 $0 ------------------------------------------------------------------------------------------------------- 25. OTHER (ATTACH LIST) $0 $0 $0 $0 ------------------------------------------------------------------------------------------------------- 26. TOTAL REORGANIZATION EXPENSES $161,731 $0 $0 $161,731 ======================================================================================================= 27. INCOME TAX $24,049 $0 $0 $24,049 ======================================================================================================= 28. NET PROFIT (LOSS) $36,074 $0 $0 $36,074 =======================================================================================================
MONTHLY OPERATING REPORT ----------------------------------------- CASE NAME: KITTY HAWK INTERNATIONAL, INC. ACCRUAL BASIS-3 ----------------------------------------- CASE NUMBER: 400-42144 02/13/95, RWD, 2/96 -----------------------------------------
------------------------------------------------------------------------------------------- CASH RECEIPTS AND MONTH MONTH MONTH ------------------------------------ QUARTER DISBURSEMENTS January 2001 TOTAL ------------------------------------------------------------------------------------------- 1. CASH - BEGINNING OF MONTH $0 $0 ------------------------------------------------------------------------------------------- RECEIPTS FROM OPERATIONS ------------------------------------------------------------------------------------------- 2. CASH SALES $0 $0 $0 $0 ------------------------------------------------------------------------------------------- COLLECTION OF ACCOUNTS RECEIVABLE ------------------------------------------------------------------------------------------- 3. PREPETITION $0 $0 $0 $0 ------------------------------------------------------------------------------------------- 4. POSTPETITION $12,003 $0 $0 $12,003 ------------------------------------------------------------------------------------------- 5. TOTAL OPERATING RECEIPTS $12,003 $0 $0 $12,003 =========================================================================================== NON - OPERATING RECEIPTS ------------------------------------------------------------------------------------------- 6. LOANS & ADVANCES (ATTACH LIST) $0 $0 $0 $0 ------------------------------------------------------------------------------------------- 7. SALE OF ASSETS $0 $0 $0 $0 ------------------------------------------------------------------------------------------- 8. OTHER (ATTACH LIST) ($12,003) $0 $0 ($12,003) ------------------------------------------------------------------------------------------- 9. TOTAL NON-OPERATING RECEIPTS ($12,003) $0 $0 ($12,003) =========================================================================================== 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: 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 January 2001 ---------------------------------------------------------------------------------------------------------- 1. 0-30 $27,441 $0 $0 ---------------------------------------------------------------------------------------------------------- 2. 31-60 ($16,000) $0 $0 ---------------------------------------------------------------------------------------------------------- 3. 61-90 $0 $0 $0 ---------------------------------------------------------------------------------------------------------- 4. 91+ $7,343,848 $0 $0 ---------------------------------------------------------------------------------------------------------- 5. TOTAL ACCOUNTS RECEIVABLE $0 $7,355,289 $0 $0 ---------------------------------------------------------------------------------------------------------- 6. AMOUNT CONSIDERED UNCOLLECTIBLE $0 $0 $0 ---------------------------------------------------------------------------------------------------------- 7. ACCOUNTS RECEIVABLE (NET) $0 $7,355,289 $0 $0 ----------------------------------------------------------------------------------------------------------
AGING OF POSTPETITION TAXES AND PAYABLES MONTH: January 2001 --------------
-------------------------------------------------------------------------------------------------------- 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 ($10,874) $9,978 $12,652 $64,272 $76,028 --------------------------------------------------------------------------------------------------------
STATUS OF POSTPETITION TAXES MONTH: January 2001 ---------------
----------------------------------------------------------------------------------------- BEGINNING AMOUNT ENDING TAX WITHHELD AND/ AMOUNT TAX FEDERAL LIABILITY* 0R ACCRUED PAID LIABILITY ----------------------------------------------------------------------------------------- 1. WITHHOLDING** $0 ($7,260) ($7,260) $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 ($7,260) ($7,260) $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 ($7,260) ($7,260) $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: January 2001 -------------- BANK RECONCILIATIONS
Account #1 Account #2 Account #3 --------------------------------------------------------------------------------------------------------- A. BANK: Bank One Bank One Bank One --------------------------------------------------------------------------------------------------------- B. ACCOUNT NUMBER: 1559691322 1559691330 9320014690 --------------------------------------------------------------------------------------------------------- C. PURPOSE (TYPE): Deposit Payroll Health Insurance TOTAL --------------------------------------------------------------------------------------------------------------------- 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: January 2001 -------------- ------------------------------------------ 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 $855 $855 $0 ----------------------------------------------------------------------------------------------- 2. GE Capital $784 $0 $784 ----------------------------------------------------------------------------------------------- 3. GE Capital varies $29,281 $0 ----------------------------------------------------------------------------------------------- 4. N/A $0 $0 ----------------------------------------------------------------------------------------------- 5. N/A $0 ----------------------------------------------------------------------------------------------- 6 TOTAL $1,639 $30,136 $784 ===============================================================================================
MONTHLY OPERATING REPORT ----------------------------------------- CASE NAME: KITTY HAWK INTERNATIONAL, INC. ACCRUAL BASIS-7 ----------------------------------------- CASE NUMBER: 400-42144 02/13/95, RWD, 2/96 ----------------------------------------- MONTH: January 2001 --------------- ------------- 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 January GE Capital was paid for debt outstanding as equipment was located and used in operations. ------------------------------------------------------------------------ ------------------- 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. CASE NUMBER: 400-42144 DETAILS OF OTHER ITEMS ACCRUAL BASIS-1
January 2001 8. OTHER (ATTACH LIST) $ (352,832,051)Reported ---------------------------------- Intercompany Receivables (368,515,882) A/R Senior Noteholders 535,559 A/R 401(k) Loan (4,535) A/R Insurance 133,954 A/R Auction Proceeds 16,865 A/R Aging Reconciling item 33,950 Deferred Taxes 13,097,746 Aircraft held for resale 699,701 Loan Org Costs 87,362 Deposits - Landing Fees 5,016 Deposits - Aircraft 434,321 Deposits - Rent 218,828 Security Deposit 425,064 ---------------------------------- (352,832,051)Detail ---------------------------------- - Difference 22. OTHER (ATTACH LIST) $ (148,779,545)Reported ---------------------------------- Accrued income taxes (148,880,706) Accrued Misc 89,661 Accrued US Trustee - Accrued Fuel 11,500 ---------------------------------- (148,779,545)Detail ---------------------------------- - Difference 27. OTHER (ATTACH LIST) $ 76,011,020 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 (239,466) Purchase reserves 1,762,176 CASE NAME: KITTY HAWK INTERNATIONAL, INC. CASE NUMBER: 400-42144 DETAILS OF OTHER ITEMS Accrued Landing fees/parking/cargo fees 1,644,307 Various accrued taxes 1,313,200 Other Misc accruals (643,778) ---------------------------------- 76,011,020 Detail ---------------------------------- - Difference ACCRUAL BASIS-2 21 NON-OPERATING INCOME (ATT. LIST) ($93,196)Reported ---------------------------------- Interest income on restricted cash investments (93,196) ---------------------------------- (93,196)Detail ---------------------------------- - Difference ACCRUAL BASIS-3 8. OTHER (ATTACH LIST) (12,003)Reported ---------------------------------- Transfer to Inc - all money sweeps (12,003)Detail ---------------------------------- to KH Inc. Case #400-42141 - Difference ----------------------------------
----------------------------------------- CASE NAME: KITTY HAWK INTERNATIONAL, INC. FOOTNOTES SUPPLEMENT ----------------------------------------- CASE NUMBER: 400-42144 ACCRUAL BASIS ----------------------------------------- MONTH: January 2001 -----------------------------------
------------------------------------------------------------------------------------------------------------------------------- ACCRUAL BASIS FORM NUMBER LINE 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 ------------------------------------------------------------------------------------------------------------------------------- January 2001 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 General The monthly GE Capital payments in the last year of the scheduled payments ------------------------------------------------------------------------------------------------------------------------------- are significantly less than payments previously made. -------------------------------------------------------------------------------------------------------------------------------
EX-99.5 6 a2043106zex-99_5.txt EXHIBIT 99.5
EXHIBIT 99.5 - ----------------------------------------------------------------------------------------------------------------------------- Monthly Operating Report - ----------------------------------------------------------------- CASE NAME: KITTY HAWK CARGO, INC. ACCRUAL BASIS - ----------------------------------------------------------------- - ----------------------------------------------------------------- CASE NUMBER: 400-42145-BJH-11 02/13/95, RWD, 2/96 - ----------------------------------------------------------------- - ----------------------------------------------------------------- JUDGE: BARBARA J. HOUSER AMENDED - ----------------------------------------------------------------- UNITED STATES BANKRUPTCY COURT NORTHERN DISTRICT OF TEXAS SIXTH DIVISION MONTHLY OPERATING REPORT - AMENDED MONTH ENDING: JANUARY 31, 2001 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 JANUARY, 2001 - ------------------------------------------------------------------------------------------------------------------------------- 1. UNRESTRICTED CASH $9,035 - ------------------------------------------------------------------------------------------------------------------------------- 2. RESTRICTED CASH $0 - ------------------------------------------------------------------------------------------------------------------------------- 3. TOTAL CASH $0 $9,035 $0 $0 - ------------------------------------------------------------------------------------------------------------------------------- 4. ACCOUNTS RECEIVABLE (NET) $41,314,895 $30,272,852 - ------------------------------------------------------------------------------------------------------------------------------- 5. INVENTORY $0 - ------------------------------------------------------------------------------------------------------------------------------- 6. NOTES RECEIVABLE $0 - ------------------------------------------------------------------------------------------------------------------------------- 7. PREPAID EXPENSES $35,445 $0 - ------------------------------------------------------------------------------------------------------------------------------- 8. OTHER (ATTACH LIST) $102,257,281 $33,328,712 - ------------------------------------------------------------------------------------------------------------------------------- 9. TOTAL CURRENT ASSETS $143,607,621 $63,610,599 $0 $0 - ------------------------------------------------------------------------------------------------------------------------------- 10. PROPERTY, PLANT & EQUIPMENT $2,455,211 $4,677,221 - ------------------------------------------------------------------------------------------------------------------------------- 11. LESS: ACCUMULATED DEPRECIATION / DEPLETION $2,498,915 - ------------------------------------------------------------------------------------------------------------------------------- 12. NET PROPERTY, PLANT & EQUIPMENT $2,455,211 $2,178,306 $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 $146,062,832 $65,788,905 $0 $0 =============================================================================================================================== POSTPETITION LIABILITIES - ------------------------------------------------------------------------------------------------------------------------------- 17. ACCOUNTS PAYABLE $715,609 - ------------------------------------------------------------------------------------------------------------------------------- 18. TAXES PAYABLE $838,121 - ------------------------------------------------------------------------------------------------------------------------------- 19. NOTES PAYABLE $0 - ------------------------------------------------------------------------------------------------------------------------------- 20. PROFESSIONAL FEES $0 - ------------------------------------------------------------------------------------------------------------------------------- 21. SECURED DEBT $0 - ------------------------------------------------------------------------------------------------------------------------------- 22. OTHER (ATTACH LIST) ($2,226,007) - ------------------------------------------------------------------------------------------------------------------------------- 23. TOTAL POSTPETITION LIABILITIES ($672,277) $0 $0 =============================================================================================================================== PREPETITION LIABILITIES - ------------------------------------------------------------------------------------------------------------------------------- 24. SECURED DEBT $0 - ------------------------------------------------------------------------------------------------------------------------------- 25. PRIORITY DEBT $496,687 $0 - ------------------------------------------------------------------------------------------------------------------------------- 26. UNSECURED DEBT $78,864,376 $5,091,940 - ------------------------------------------------------------------------------------------------------------------------------- 27. OTHER (ATTACH LIST) $5,272,081 - ------------------------------------------------------------------------------------------------------------------------------- 28. TOTAL PREPETITION LIABILITIES $79,361,063 $10,364,021 $0 $0 =============================================================================================================================== 29. TOTAL LIABILITIES $79,361,063 $9,691,744 $0 $0 =============================================================================================================================== EQUITY - ------------------------------------------------------------------------------------------------------------------------------- 30. PREPETITION OWNERS' EQUITY $61,869,075 - ------------------------------------------------------------------------------------------------------------------------------- 31. POSTPETITION CUMULATIVE PROFIT OR (LOSS) ($5,771,914) - ------------------------------------------------------------------------------------------------------------------------------- 32. DIRECT CHARGES TO EQUITY (ATTACH EXPLANATION) $0 - ------------------------------------------------------------------------------------------------------------------------------- 33. TOTAL EQUITY $0 $56,097,161 $0 $0 =============================================================================================================================== 34. TOTAL LIABILITIES & OWNERS' EQUITY $79,361,063 $65,788,905 $0 $0 =============================================================================================================================== $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 JANUARY, 2001 TOTAL - --------------------------------------------------------------------------------------------------------------------- 1. GROSS REVENUES $14,012,208 $14,012,208 - --------------------------------------------------------------------------------------------------------------------- 2. LESS: RETURNS & DISCOUNTS $0 $0 - --------------------------------------------------------------------------------------------------------------------- 3. NET REVENUE $14,012,208 $0 $0 $14,012,208 - --------------------------------------------------------------------------------------------------------------------- COST OF GOODS SOLD - --------------------------------------------------------------------------------------------------------------------- 4. MATERIAL $0 $0 - --------------------------------------------------------------------------------------------------------------------- 5. DIRECT LABOR $0 $0 - --------------------------------------------------------------------------------------------------------------------- 6. DIRECT OVERHEAD $0 $0 - --------------------------------------------------------------------------------------------------------------------- 7. TOTAL COST OF GOODS SOLD $0 $0 ===================================================================================================================== 8. GROSS PROFIT $14,012,208 $0 $0 $14,012,208 - --------------------------------------------------------------------------------------------------------------------- OPERATING EXPENSES - --------------------------------------------------------------------------------------------------------------------- 9. OFFICER / INSIDER COMPENSATION $26,667 $26,667 - --------------------------------------------------------------------------------------------------------------------- 10. SELLING & MARKETING $5,356 $5,356 - --------------------------------------------------------------------------------------------------------------------- 11. GENERAL & ADMINISTRATIVE $1,863,762 $1,863,762 - --------------------------------------------------------------------------------------------------------------------- 12. RENT & LEASE $284,483 $284,483 - --------------------------------------------------------------------------------------------------------------------- 13. OTHER (ATTACH LIST) $13,268,337 $13,268,337 - --------------------------------------------------------------------------------------------------------------------- 14. TOTAL OPERATING EXPENSES $15,448,605 $0 $0 $15,448,605 ===================================================================================================================== 15. INCOME BEFORE NON-OPERATING INCOME & EXPENSE ($1,436,397) $0 $0 ($1,436,397) - --------------------------------------------------------------------------------------------------------------------- OTHER INCOME & EXPENSES - --------------------------------------------------------------------------------------------------------------------- 16. NON-OPERATING INCOME (ATT. LIST) $0 $0 - --------------------------------------------------------------------------------------------------------------------- 17. NON-OPERATING EXPENSE (ATT. LIST) $0 $0 - --------------------------------------------------------------------------------------------------------------------- 18. INTEREST EXPENSE $194,856 $194,856 - --------------------------------------------------------------------------------------------------------------------- 19. DEPRECIATION / DEPLETION $50,786 $50,786 - --------------------------------------------------------------------------------------------------------------------- 20. AMORTIZATION $0 $0 - --------------------------------------------------------------------------------------------------------------------- 21. OTHER (ATTACH LIST) $0 $0 - --------------------------------------------------------------------------------------------------------------------- 22. NET OTHER INCOME & EXPENSES $245,642 $0 $0 $245,642 - --------------------------------------------------------------------------------------------------------------------- REORGANIZATION EXPENSES - --------------------------------------------------------------------------------------------------------------------- 23. PROFESSIONAL FEES $0 $0 - --------------------------------------------------------------------------------------------------------------------- 24. U.S. TRUSTEE FEES $0 $0 - --------------------------------------------------------------------------------------------------------------------- 25. OTHER (ATTACH LIST) $0 $0 - --------------------------------------------------------------------------------------------------------------------- 26. TOTAL REORGANIZATION EXPENSES $0 $0 ===================================================================================================================== 27. INCOME TAX ($672,819) ($672,819) ===================================================================================================================== 28. NET PROFIT (LOSS) ($1,009,220) $0 $0 ($1,009,220) ===================================================================================================================== =====================================================================================================================
- ---------------------------------------------------------------------------------------------------------------------------------- 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 JANUARY, 2001 TOTAL - ---------------------------------------------------------------------------------------------------------------------------------- 1. CASH - BEGINNING OF MONTH $6,500 $6,500 - ---------------------------------------------------------------------------------------------------------------------------------- RECEIPTS FROM OPERATIONS - ---------------------------------------------------------------------------------------------------------------------------------- 2. CASH SALES $0 $0 - ---------------------------------------------------------------------------------------------------------------------------------- COLLECTION OF ACCOUNTS RECEIVABLE - ---------------------------------------------------------------------------------------------------------------------------------- 3. PREPETITION $0 $0 - ---------------------------------------------------------------------------------------------------------------------------------- 4. POSTPETITION $11,033,780 $11,033,780 - ---------------------------------------------------------------------------------------------------------------------------------- 5. TOTAL OPERATING RECEIPTS $11,033,780 $0 $0 $11,033,780 - ---------------------------------------------------------------------------------------------------------------------------------- NON - OPERATING RECEIPTS - ---------------------------------------------------------------------------------------------------------------------------------- 6. LOANS & ADVANCES (ATTACH LIST) $0 $0 - ---------------------------------------------------------------------------------------------------------------------------------- 7. SALE OF ASSETS $0 $0 - ---------------------------------------------------------------------------------------------------------------------------------- 8. OTHER (ATTACH LIST) ($11,031,245) ($11,031,245) - ---------------------------------------------------------------------------------------------------------------------------------- 9. TOTAL NON-OPERATING RECEIPTS ($11,031,245) $0 $0 ($11,031,245) ================================================================================================================================== 10. TOTAL RECEIPTS $2,535 $0 $0 $2,535 ================================================================================================================================== 11. TOTAL CASH AVAILABLE $9,035 $0 $0 $9,035 - ---------------------------------------------------------------------------------------------------------------------------------- OPERATING DISBURSEMENTS - ---------------------------------------------------------------------------------------------------------------------------------- 12. NET PAYROLL $0 - ---------------------------------------------------------------------------------------------------------------------------------- 13. PAYROLL TAXES PAID $0 - ---------------------------------------------------------------------------------------------------------------------------------- 14. SALES, USE & OTHER TAXES PAID $0 - ---------------------------------------------------------------------------------------------------------------------------------- 15. SECURED / RENTAL / LEASES $0 - ---------------------------------------------------------------------------------------------------------------------------------- 16. UTILITIES $0 - ---------------------------------------------------------------------------------------------------------------------------------- 17. INSURANCE $0 - ---------------------------------------------------------------------------------------------------------------------------------- 18. INVENTORY PURCHASES $0 - ---------------------------------------------------------------------------------------------------------------------------------- 19. VEHICLE EXPENSES $0 - ---------------------------------------------------------------------------------------------------------------------------------- 20. TRAVEL $0 - ---------------------------------------------------------------------------------------------------------------------------------- 21. ENTERTAINMENT $0 - ---------------------------------------------------------------------------------------------------------------------------------- 22. REPAIRS & MAINTENANCE $0 - ---------------------------------------------------------------------------------------------------------------------------------- 23. SUPPLIES $0 - ---------------------------------------------------------------------------------------------------------------------------------- 24. ADVERTISING $0 - ---------------------------------------------------------------------------------------------------------------------------------- 25. OTHER (ATTACH LIST) $0 - ---------------------------------------------------------------------------------------------------------------------------------- 26. TOTAL OPERATING DISBURSEMENTS $0 $0 $0 $0 - ---------------------------------------------------------------------------------------------------------------------------------- REORGANIZATION EXPENSES - ---------------------------------------------------------------------------------------------------------------------------------- 27. PROFESSIONAL FEES $0 - ---------------------------------------------------------------------------------------------------------------------------------- 28. U.S. TRUSTEE FEES $0 - ---------------------------------------------------------------------------------------------------------------------------------- 29. OTHER (ATTACH LIST) $0 - ---------------------------------------------------------------------------------------------------------------------------------- 30. TOTAL REORGANIZATION EXPENSES $0 $0 $0 $0 ================================================================================================================================== 31. TOTAL DISBURSEMENTS $0 $0 $0 $0 ================================================================================================================================== 32. NET CASH FLOW $2,535 $0 $0 $2,535 - ---------------------------------------------------------------------------------------------------------------------------------- 33. CASH - END OF MONTH $9,035 $0 $0 $9,035 - ---------------------------------------------------------------------------------------------------------------------------------- ================================================================================================================================== - ----------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------ 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 JANUARY, 2001 - ------------------------------------------------------------------------------------------------------------------------ 1. 0-30 $21,518,319 $20,470,017 - ------------------------------------------------------------------------------------------------------------------------ 2. 31-60 $14,127,296 $2,096,931 - ------------------------------------------------------------------------------------------------------------------------ 3. 61-90 $2,070,404 $350,638 - ------------------------------------------------------------------------------------------------------------------------ 4. 91+ $3,598,876 $6,799,894 ======================================================================================================================== 5. TOTAL ACCOUNTS RECEIVABLE $41,314,895 $29,717,480 $0 $0 - ------------------------------------------------------------------------------------------------------------------------ 6. AMOUNT CONSIDERED UNCOLLECTIBLE ======================================================================================================================== 7. ACCOUNTS RECEIVABLE (NET) $41,314,895 $29,717,480 $0 $0 - ------------------------------------------------------------------------------------------------------------------------
- ---------------------------------------------------------- AGING OF POSTPETITION TAXES AND PAYABLES MONTH: JANUARY, 2001 -------------------------------- - ------------------------------------------------------------------------------------------------------------------------ 0-30 31-60 61-90 91+ TAXES PAYABLE DAYS DAYS DAYS DAYS TOTAL - ------------------------------------------------------------------------------------------------------------------------ 1. FEDERAL $838,121 $838,121 - ------------------------------------------------------------------------------------------------------------------------ 2. STATE $0 - ------------------------------------------------------------------------------------------------------------------------ 3. LOCAL $0 - ------------------------------------------------------------------------------------------------------------------------ 4. OTHER (ATTACH LIST) $0 ======================================================================================================================== 5. TOTAL TAXES PAYABLE $838,121 $0 $0 $838,121 ======================================================================================================================== ======================================================================================================================== 6. ACCOUNTS PAYABLE $448,097 $32,121 $5,221 $190,170 $715,609 ========================================================================================================================
- -------------------------------------------- STATUS OF POSTPETITION TAXES MONTH: JANUARY, 2001 -------------------------------- - ------------------------------------------------------------------------------------------------------------------------ BEGINNING AMOUNT ENDING TAX WITHHELD AND/ AMOUNT TAX FEDERAL LIABILITY* OR ACCRUED PAID LIABILITY - ------------------------------------------------------------------------------------------------------------------------ 1. WITHHOLDING** $0 $534 $534 $0 - ------------------------------------------------------------------------------------------------------------------------ 2. FICA-EMPLOYEE** $0 $0 - ------------------------------------------------------------------------------------------------------------------------ 3. FICA-EMPLOYER** $0 $0 - ------------------------------------------------------------------------------------------------------------------------ 4. UNEMPLOYMENT $0 $0 - ------------------------------------------------------------------------------------------------------------------------ 5. INCOME $0 $0 - ------------------------------------------------------------------------------------------------------------------------ 6. OTHER (ATTACH LIST) $825,105 $838,121 $825,105 $838,121 ======================================================================================================================== 7. TOTAL FEDERAL TAXES $825,105 $838,655 $825,639 $838,121 ======================================================================================================================== 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 $825,105 $838,655 $825,639 $838,121 ========================================================================================================================
* 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: JANUARY, 2001 - ----------------------------------------------- ------------------------------------------------------ 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 $2,535 $2,535 - ----------------------------------------------------------------------------------------------------------------------- 5. MONTH END BALANCE PER BOOKS $2,535 $0 $0 $2,535 - ----------------------------------------------------------------------------------------------------------------------- 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 $9,035 - -----------------------------------------------------------------------------------------------------------------------
- -------------------------------------------------------------------------------------------------------------------------- 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: JANUARY, 2001
- ----------------------------------------------- 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 $26,667 $124,832 - ------------------------------------------------------------------------------------- 2. - ------------------------------------------------------------------------------------- 3. - ------------------------------------------------------------------------------------- 4. - ------------------------------------------------------------------------------------- 5. - ------------------------------------------------------------------------------------- 6. TOTAL PAYMENTS TO INSIDERS $26,667 $124,832 - -------------------------------------------------------------------------------------
- -------------------------------------------------------------------------------------------------------------------------- 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 $25,508 $0 - -------------------------------------------------------------------------------------------------------- 3. NY/NJ Airport Authority - EWR $27,792 $29,163 $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 $284,493 $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: JANUARY, 2001 ------------------------------------
- ----------------------------------------------- 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: JANUARY, 2001 ------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------ ACCRUAL BASIS LINE FORM NUMBER 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 - ------------------------------------------------------------------------------------------------------------------------------ February 20, 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 prepetition accounts receivable - ------------------------------------------------------------------------------------------------------------------------------ and post petition accounts receivable. Therefore, cash receipts - ------------------------------------------------------------------------------------------------------------------------------ is provided in total for the month. - ------------------------------------------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------------------------------------------ 3 8 All cash received into the Company cash accounts is swept - ------------------------------------------------------------------------------------------------------------------------------ each night to Kitty Hawk, Inc. Master Account (see Case - ------------------------------------------------------------------------------------------------------------------------------ #400-42141). - ------------------------------------------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------------------------------------------ 3 31 All disbursements (either by wire transfer or check), including payroll are - ------------------------------------------------------------------------------------------------------------------------------ disbursed out of the Kitty Hawk, Inc. controlled disbursement - ------------------------------------------------------------------------------------------------------------------------------ account. - ------------------------------------------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------------------------------------------ 4 6 All assessment of uncollectible accounts receivable are done - ------------------------------------------------------------------------------------------------------------------------------ at Kitty Hawk, Inc. Refer to Case #400-4214. All reserves - ------------------------------------------------------------------------------------------------------------------------------ are recorded at Inc. and pushed down to Inc.'s subsidiaries - ------------------------------------------------------------------------------------------------------------------------------ as deemed necessary. - ------------------------------------------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------------------------------------------ 4 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. - ------------------------------------------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------------------------------------------ 4 1 Status of Postpetition Taxes - Kitty Hawk Cargo Payroll was transferred to - ------------------------------------------------------------------------------------------------------------------------------ Aircargo's payroll (case #00-42142-BJH-11) - ------------------------------------------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------------------------------------------ 6 Insiders Payments to insiders include a portion of the Court approved retention - ------------------------------------------------------------------------------------------------------------------------------ payments in the month of January. - ------------------------------------------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------------------------------------------
CASE NAME: KITTY HAWK CARGO, INC CASE NUMBER: 400-42145-BJH-11
Details of Other Items JANUARY, 2001 - ---------------------- ------------- ACCRUAL BASIS-1 8. OTHER (ATTACH LIST) $ 33,328,712 Reported ----------------------------------- Net of all I/C Accts Receivable/Payable 35,088,498 Intangibles - Other 154,458 Deposits 85,756 ----------------------------------- 33,328,712 Detail ----------------------------------- - Difference ----------------------------------- 22. OTHER (ATTACH LIST) $ (2,226,007) Reported ----------------------------------- Accrued Liabilities 1,626,405 Accrued Salaries & PR Taxes 111 Less: FET Taxes Payable (Line 18) (838,121) Post-petition Fed Inc Tax (3,014,402) ----------------------------------- *** FET recorded in Taxes Payable (2,226,007) 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) $13,268,337 Reported ----------------------------------- Aircraft Costs 1,918,104 I/C Aircraft Costs (KHA) 5,466,174 KHC Ground Handling (Operations Payroll) 874,628 Outstation Ground Handling 1,272,168 Trucking Costs 398,364 Fuel 3,177,782 Contract Labor 10,979 Other 150,138 ----------------------------------- 13,268,337 Detail ----------------------------------- - Difference ACCRUAL BASIS-3 8. OTHER (ATTACH LIST) (11,031,245) Reported ----------------------------------- Transfer to Inc - all money sweeps (11,031,245) Detail ----------------------------------- to KH Inc. Case #400-42141 - Difference ----------------------------------- ACCRUAL BASIS-4 6. OTHER (ATTACH LIST) 1,663,226 Reported ----------------------------------- FET (720) 12/01-15/00 Pd 1/9 417,277 FET (720) 12/15-31/00 Pd 1/24 407,828 FET (720) 1/01-31/01 838,121 ----------------------------------- 1,663,226 Detail ----------------------------------- - -----------------------------------
EX-99.6 7 a2043106zex-99_6.txt EXHIBIT 99.6 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: JANUARY 31, 2001 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 2/20/2001 ----------------------------------- --------------------------------- PRINTED NAME OF RESPONSIBLE PARTY DATE PREPARER: /s/ Jessica L. Wilson Chief Accounting Officer ----------------------------------- --------------------------------- ORIGINAL SIGNATURE OF PREPARER TITLE Jessica L. Wilson 2/20/2001 ----------------------------------- --------------------------------- 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 January 2001 --------------------------------------------------------------------------------------------------------- 1. UNRESTRICTED CASH $299,835 $391,906 $0 $0 --------------------------------------------------------------------------------------------------------- 2. RESTRICTED CASH $0 $0 $0 $0 --------------------------------------------------------------------------------------------------------- 3. TOTAL CASH $299,835 $391,906 $0 $0 --------------------------------------------------------------------------------------------------------- 4. ACCOUNTS RECEIVABLE (NET) $569,077 $555,158 $0 $0 --------------------------------------------------------------------------------------------------------- 5. INVENTORY $4,135,448 $4,474,684 $0 $0 --------------------------------------------------------------------------------------------------------- 6. NOTES RECEIVABLE $0 $0 $0 $0 --------------------------------------------------------------------------------------------------------- 7. PREPAID EXPENSES $0 $0 $0 $0 --------------------------------------------------------------------------------------------------------- 8. OTHER (ATTACH LIST) $30,000 ($1,072,548) $0 $0 --------------------------------------------------------------------------------------------------------- 9. TOTAL CURRENT ASSETS $5,034,360 $4,349,200 $0 $0 --------------------------------------------------------------------------------------------------------- 10. PROPERTY, PLANT & EQUIPMENT $474,012 $604,473 $0 $0 --------------------------------------------------------------------------------------------------------- 11. LESS: ACCUMULATED DEPRECIATION / DEPLETION $0 $130,216 $0 $0 --------------------------------------------------------------------------------------------------------- 12. NET PROPERTY, PLANT & EQUIPMENT $474,012 $474,257 $0 $0 --------------------------------------------------------------------------------------------------------- 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 $4,823,457 $0 $0 --------------------------------------------------------------------------------------------------------- POSTPETITION LIABILITIES --------------------------------------------------------------------------------------------------------- 17. ACCOUNTS PAYABLE $22,921 $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 $0 --------------------------------------------------------------------------------------------------------- 23. TOTAL POSTPETITION LIABILITIES $22,921 $0 $0 --------------------------------------------------------------------------------------------------------- PREPETITION LIABILITIES --------------------------------------------------------------------------------------------------------- 24. SECURED DEBT $0 $0 $0 $0 --------------------------------------------------------------------------------------------------------- ------------------------------------------------------------------------------------------------- 25. PRIORITY DEBT $28,268 $0 $0 $0 --------------------------------------------------------------------------------------------------------- 26. UNSECURED DEBT $493,554 $522,629 $0 $0 --------------------------------------------------------------------------------------------------------- 27. OTHER (ATTACH LIST) $0 $0 $0 $0 --------------------------------------------------------------------------------------------------------- 28. TOTAL PREPETITION LIABILITIES $521,822 $522,629 $0 $0 --------------------------------------------------------------------------------------------------------- 29. TOTAL LIABILITIES $521,822 $545,550 $0 $0 --------------------------------------------------------------------------------------------------------- EQUITY --------------------------------------------------------------------------------------------------------- 30. PREPETITION OWNERS' EQUITY $3,790,619 $0 $0 --------------------------------------------------------------------------------------------------------- 31. POSTPETITION CUMULATIVE PROFIT OR (LOSS) $487,288 $0 $0 --------------------------------------------------------------------------------------------------------- 32. DIRECT CHARGES TO EQUITY (ATTACH EXPLANATION) --------------------------------------------------------------------------------------------------------- 33. TOTAL EQUITY $0 $4,277,907 $0 $0 --------------------------------------------------------------------------------------------------------- 34. TOTAL LIABILITIES & OWNERS' EQUITY $521,822 $4,823,457 $0 $0 ---------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------- =============================================================================== MONTHLY OPERATING REPORT -------------------------------------- CASE NAME: OK TURBINES, INC. ACCRUAL BASIS-2 -------------------------------------- -------------------------------------- CASE NUMBER: 400-42146-BJH-11 02/13/95, RWD, 2/96 --------------------------------------
---------------------------------------------------------- INCOME STATEMENT -------------------------------------------------------------------------------------------------------------- MONTH MONTH MONTH QUARTER TOTAL --------------------------------------------------------------- REVENUES January 2001 -------------------------------------------------------------------------------------------------------------- 1. GROSS REVENUES $384,607 $0 $0 $384,607 -------------------------------------------------------------------------------------------------------------- 2. LESS: RETURNS & DISCOUNTS $ 0 $0 $0 $0 -------------------------------------------------------------------------------------------------------------- 3. NET REVENUE $384,607 $0 $0 $384,607 -------------------------------------------------------------------------------------------------------------- COST OF GOODS SOLD -------------------------------------------------------------------------------------------------------------- 4. MATERIAL $219,464 $0 $0 $219,464 -------------------------------------------------------------------------------------------------------------- 5. DIRECT LABOR $ 47,684 $0 $0 $ 47,684 -------------------------------------------------------------------------------------------------------------- 6. DIRECT OVERHEAD $ 12,273 $0 $0 $ 12,273 -------------------------------------------------------------------------------------------------------------- 7. TOTAL COST OF GOODS SOLD $279,421 $0 $0 $279,421 -------------------------------------------------------------------------------------------------------------- 8. GROSS PROFIT $105,186 $0 $0 $105,186 -------------------------------------------------------------------------------------------------------------- OPERATING EXPENSES -------------------------------------------------------------------------------------------------------------- 9. OFFICER / INSIDER COMPENSATION $ 4,615 $0 $0 $ 4,615 -------------------------------------------------------------------------------------------------------------- 10. SELLING & MARKETING $ 332 $0 $0 $ 332 -------------------------------------------------------------------------------------------------------------- 11. GENERAL & ADMINISTRATIVE $ 28,821 $0 $0 $ 28,821 -------------------------------------------------------------------------------------------------------------- 12. RENT & LEASE $ 3,387 $0 $0 $ 3,387 -------------------------------------------------------------------------------------------------------------- 13. OTHER (ATTACH LIST) $ 735 $0 $0 $ 735 -------------------------------------------------------------------------------------------------------------- 14. TOTAL OPERATING EXPENSES $ 37,890 $0 $0 $ 37,890 -------------------------------------------------------------------------------------------------------------- 15. INCOME BEFORE NON-OPERATING INCOME & EXPENSE $ 67,296 $0 $0 $ 67,296 -------------------------------------------------------------------------------------------------------------- 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 $ 4,272 $0 $0 $ 4,272 -------------------------------------------------------------------------------------------------------------- 20. AMORTIZATION $ 0 $0 $0 $ 0 -------------------------------------------------------------------------------------------------------------- 21. OTHER (ATTACH LIST) $ 0 $0 $0 $ 0 -------------------------------------------------------------------------------------------------------------- 22. NET OTHER INCOME & EXPENSES $ 4,272 $0 $0 $ 4,272 -------------------------------------------------------------------------------------------------------------- REORGANIZATION EXPENSES -------------------------------------------------------------------------------------------------------------- 23. PROFESSIONAL FEES $ 0 $0 $0 $ 0 -------------------------------------------------------------------------------------------------------------- 24. U.S. TRUSTEE FEES $ 0 $0 $0 $ 0 -------------------------------------------------------------------------------------------------------------- 25. OTHER (ATTACH LIST) $ 0 $0 $0 $ 0 -------------------------------------------------------------------------------------------------------------- 26. TOTAL REORGANIZATION EXPENSES $ 0 $0 $0 $ 0 -------------------------------------------------------------------------------------------------------------- 27. INCOME TAX $ 0 $0 $0 $ 0 -------------------------------------------------------------------------------------------------------------- 28. NET PROFIT (LOSS) $ 63,024 $0 $0 $ 63,024 --------------------------------------------------------------------------------------------------------------
=============================================================================== - ------------------------------------------------------------------------------- MONTHLY OPERATING REPORT -------------------------------------- CASE NAME: OK TURBINES, INC. ACCRUAL BASIS-3 -------------------------------------- -------------------------------------- CASE NUMBER: 400-42146-BJH-11 02/13/95, RWD, 2/96 --------------------------------------
----------------------------------------------------------------------------------------------------------------- CASH RECEIPTS AND MONTH MONTH MONTH QUARTER TOTAL ----------------------------------------------------------------- DISBURSEMENTS January 2001 ----------------------------------------------------------------------------------------------------------------- 1. CASH - BEGINNING OF MONTH $ 68,784 $0 $0 $ 68,784 ----------------------------------------------------------------------------------------------------------------- RECEIPTS FROM OPERATIONS ----------------------------------------------------------------------------------------------------------------- 2. CASH SALES $ 0 $0 $0 $ 0 ----------------------------------------------------------------------------------------------------------------- COLLECTION OF ACCOUNTS RECEIVABLE ----------------------------------------------------------------------------------------------------------------- 3. PREPETITION $ 0 $0 $0 $ 0 ----------------------------------------------------------------------------------------------------------------- 4. POSTPETITION $547,565 $0 $0 $547,565 ----------------------------------------------------------------------------------------------------------------- 5. TOTAL OPERATING RECEIPTS $547,565 $0 $0 $547,565 ----------------------------------------------------------------------------------------------------------------- NON - OPERATING RECEIPTS ----------------------------------------------------------------------------------------------------------------- 6. LOANS & ADVANCES (ATTACH LIST) $ 0 $0 $0 $ 0 ----------------------------------------------------------------------------------------------------------------- 7. SALE OF ASSETS $ 0 $0 $0 $ 0 ----------------------------------------------------------------------------------------------------------------- 8. OTHER (ATTACH LIST) $ 1,151 $0 $0 $ 1,151 ----------------------------------------------------------------------------------------------------------------- 9. TOTAL NON-OPERATING RECEIPTS $ 1,151 $0 $0 $ 1,151 ----------------------------------------------------------------------------------------------------------------- 10. TOTAL RECEIPTS $548,716 $0 $0 $548,716 ----------------------------------------------------------------------------------------------------------------- 11. TOTAL CASH AVAILABLE $617,500 $0 $0 $617,500 ----------------------------------------------------------------------------------------------------------------- OPERATING DISBURSEMENTS ----------------------------------------------------------------------------------------------------------------- 12. NET PAYROLL $ 79,281 $0 $0 $ 79,281 ----------------------------------------------------------------------------------------------------------------- 13. PAYROLL TAXES PAID $ 5,278 $0 $0 $ 5,278 ----------------------------------------------------------------------------------------------------------------- 14. SALES, USE & OTHER TAXES PAID $ 1,957 $0 $0 $ 1,957 ----------------------------------------------------------------------------------------------------------------- 15. SECURED / RENTAL / LEASES $ 2,927 $0 $0 $ 2,927 ----------------------------------------------------------------------------------------------------------------- 16. UTILITIES $ 3,876 $0 $0 $ 3,876 ----------------------------------------------------------------------------------------------------------------- 17. INSURANCE $ 0 $0 $0 $ 0 ----------------------------------------------------------------------------------------------------------------- 18. INVENTORY PURCHASES $ 47,383 $0 $0 $ 47,383 ----------------------------------------------------------------------------------------------------------------- 19. VEHICLE EXPENSES $ 0 $0 $0 $ 0 ----------------------------------------------------------------------------------------------------------------- 20. TRAVEL $ 3,130 $0 $0 $ 3,130 ----------------------------------------------------------------------------------------------------------------- 21. ENTERTAINMENT $ 214 $0 $0 $ 214 ----------------------------------------------------------------------------------------------------------------- 22. REPAIRS & MAINTENANCE $ 56,724 $0 $0 $ 56,724 ----------------------------------------------------------------------------------------------------------------- 23. SUPPLIES $ 4,915 $0 $0 $ 4,915 ----------------------------------------------------------------------------------------------------------------- 24. ADVERTISING $ 344 $0 $0 $ 344 ----------------------------------------------------------------------------------------------------------------- 25. OTHER (ATTACH LIST) $ 14,565 $0 $0 $ 14,565 ----------------------------------------------------------------------------------------------------------------- 26. TOTAL OPERATING DISBURSEMENTS $220,594 $0 $0 $220,594 ----------------------------------------------------------------------------------------------------------------- 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 $225,594 $0 $0 $225,594 ----------------------------------------------------------------------------------------------------------------- 32. NET CASH FLOW $323,122 $0 $0 $323,122 ----------------------------------------------------------------------------------------------------------------- 33. CASH - END OF MONTH $391,906 $0 $0 $391,906 -----------------------------------------------------------------------------------------------------------------
=============================================================================== - ------------------------------------------------------------------------------- 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 January 2001 ---------------------------------------------------------------------------------------------------------------------------- 1. 0-30 $274,729 $0 $0 ---------------------------------------------------------------------------------------------------------------------------- 2. 31-60 $ 57,832 $0 $0 --------------------------------------------------------------------------------------------------------------------------- 3. 61-90 $ 34,373 $0 $0 ---------------------------------------------------------------------------------------------------------------------------- 4. 91+ $197,662 $0 $0 ---------------------------------------------------------------------------------------------------------------------------- 5. TOTAL ACCOUNTS RECEIVABLE $0 $564,596 $0 $0 ---------------------------------------------------------------------------------------------------------------------------- 6. AMOUNT CONSIDERED UNCOLLECTIBLE $ 9,438 $0 $0 ---------------------------------------------------------------------------------------------------------------------------- 7. ACCOUNTS RECEIVABLE (NET) $0 $555,158 $0 $0 ----------------------------------------------------------------------------------------------------------------------------
--------------------------------------------------------------------------------------------- AGING OF POSTPETITION TAXES AND PAYABLES MONTH: January 2001 ------------------------------------- ----------------------------------------------------------------------------------------------------- 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 $22,905 $0 $0 $16 $22,921 -----------------------------------------------------------------------------------------------------
----------------------------------- STATUS OF POSTPETITION TAXES MONTH: January 2001 ---------------------------------- ------------------------------------------------------------------------------------------------------------- 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: January 2001 --------------------------------
------------------------------------------ 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 $428,426 $0 $0 $428,426 ------------------------------------------------------------------------------------------------------------------------------- 2. ADD: TOTAL DEPOSITS NOT CREDITED $ 0 $0 $0 $ 0 ------------------------------------------------------------------------------------------------------------------------------- 3. SUBTRACT: OUTSTANDING CHECKS $ 36,845 $0 $0 $ 36,845 ------------------------------------------------------------------------------------------------------------------------------- 4. OTHER RECONCILING ITEMS $ 0 $0 $0 $ 0 ------------------------------------------------------------------------------------------------------------------------------- 5. MONTH END BALANCE PER BOOKS $391,581 $0 $0 $391,581 ------------------------------------------------------------------------------------------------------------------------------- 6. NUMBER OF LAST CHECK WRITTEN 5994 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 $325 ------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------ 13. TOTAL CASH - END OF MONTH $391,906 ------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------- - ------------------------------------------------------------------------------- MONTHLY OPERATING REPORT -------------------------------------- CASE NAME: OK TURBINES, INC. ACCRUAL BASIS-6 -------------------------------------- -------------------------------------- CASE NUMBER: 400-42146-BJH-11 02/13/95, RWD, 2/96 -------------------------------------- MONTH: January 2001 ----------------------------------------------------------------------------- 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 $2,004 $25,015 ------------------------------------------------------------------------------------------------- 2. GREGG NIMMO Salary $4,615 $66,059 ------------------------------------------------------------------------------------------------- 3. ------------------------------------------------------------------------------------------------- 4. ------------------------------------------------------------------------------------------------- 5. ------------------------------------------------------------------------------------------------- 6. TOTAL PAYMENTS TO INSIDERS $6,619 $91,074 -------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------ 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 $ 592 $0 --------------------------------------------------------------------------------------------------------------------- 3. N/A --------------------------------------------------------------------------------------------------------------------- 4. N/A --------------------------------------------------------------------------------------------------------------------- 5. N/A --------------------------------------------------------------------------------------------------------------------- 6. TOTAL $2,395 $2,926 $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: January 2001 -----------------
-------------------------------------------------- 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. CASE NUMBER: 400-42146-BJH-11 DETAILS OF OTHER ITEMS
ACCRUAL BASIS-1 January 2001 8. OTHER (ATTACH LIST) $ (1,072,548)Reported --------------------------- Intercompany Receivables (1,144,492) Uncollectible A/R 9,438 Security Deposit 62,506 --------------------------- (1,072,548)Detail --------------------------- - Difference ACCRUAL BASIS-3 8. OTHER (ATTACH LIST) $ 1,151 Reported --------------------------- Void checks and refunds 1,151 Detail --------------------------- - Difference 25. OTHER (ATTACH LIST) 14,565 Reported --------------------------- Freight 6,665 Fuel - Licenses and Fees 75 Training 3,835 Outside Services 133 Penalty and NSF 1,275 Bank Fee 47 Misc 28 Subscription 2,507 --------------------------- 14,565 Detail --------------------------- - Difference
=============================================================================== -------------------------------------- CASE NAME: OK TURBINES, INC. FOOTNOTES SUPPLEMENT -------------------------------------- -------------------------------------- CASE NUMBER: 400-42146-BJH-11 ACCRUAL BASIS -------------------------------------- MONTH: January 2001 --------------------------------
----------------------------------------------------------------------------------------------------------------- ACCRUAL BASIS FORM NUMBER LINE 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. ----------------------------------------------------------------------------------------------------------------- ----------------------------------------------------------------------------------------------------------------- ----------------------------------------------------------------------------------------------------------------- ----------------------------------------------------------------------------------------------------------------- ----------------------------------------------------------------------------------------------------------------- ----------------------------------------------------------------------------------------------------------------- ----------------------------------------------------------------------------------------------------------------- ----------------------------------------------------------------------------------------------------------------- ----------------------------------------------------------------------------------------------------------------- ----------------------------------------------------------------------------------------------------------------- ----------------------------------------------------------------------------------------------------------------- ----------------------------------------------------------------------------------------------------------------- ----------------------------------------------------------------------------------------------------------------- ----------------------------------------------------------------------------------------------------------------- ----------------------------------------------------------------------------------------------------------------- ----------------------------------------------------------------------------------------------------------------- ----------------------------------------------------------------------------------------------------------------- ----------------------------------------------------------------------------------------------------------------- ----------------------------------------------------------------------------------------------------------------- ----------------------------------------------------------------------------------------------------------------- -----------------------------------------------------------------------------------------------------------------
=============================================================================== EX-99.7 8 a2043106zex-99_7.txt EXHIBIT 99.7
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: JANUARY 31, 2001 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 2/20/2001 ---------------------------------------- ----------------------------------- PRINTED NAME OF RESPONSIBLE PARTY DATE PREPARER: /s/ Jessica L. Wilson Chief Accounting Officer ---------------------------------------- ----------------------------------- ORIGINAL SIGNATURE OF PREPARER TITLE Jessica L. Wilson 2/20/2001 ---------------------------------------- ----------------------------------- 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 ------------------------------------------------------------------------------------------------------------------------ SCHEDULE MONTH MONTH MONTH -------------------------------------------------- ASSETS AMOUNT January 2001 ------------------------------------------------------------------------------------------------------------------------ 1. UNRESTRICTED CASH $3,646 $0 $0 $0 ------------------------------------------------------------------------------------------------------------------------ 2. RESTRICTED CASH $0 $0 $0 ------------------------------------------------------------------------------------------------------------------------ 3. TOTAL CASH $3,646 $0 $0 $0 ------------------------------------------------------------------------------------------------------------------------ 4. ACCOUNTS RECEIVABLE (NET) $76,002 $3,601 $0 $0 ------------------------------------------------------------------------------------------------------------------------ 5. INVENTORY $0 $0 $0 ------------------------------------------------------------------------------------------------------------------------ 6. NOTES RECEIVABLE $0 $0 $0 ------------------------------------------------------------------------------------------------------------------------ 7. PREPAID EXPENSES $0 $0 $0 ------------------------------------------------------------------------------------------------------------------------ 8. OTHER (ATTACH LIST) $375,137 $755,788 $0 $0 ------------------------------------------------------------------------------------------------------------------------ 9. TOTAL CURRENT ASSETS $454,785 $759,389 $0 $0 ------------------------------------------------------------------------------------------------------------------------ 10. PROPERTY, PLANT & EQUIPMENT $120,412 $0 $0 $0 ------------------------------------------------------------------------------------------------------------------------ 11. LESS: ACCUMULATED DEPRECIATION / DEPLETION $0 $0 $0 ------------------------------------------------------------------------------------------------------------------------ 12. NET PROPERTY, PLANT & EQUIPMENT $120,412 $0 $0 $0 ------------------------------------------------------------------------------------------------------------------------ 13. DUE FROM INSIDERS $0 $0 $0 ------------------------------------------------------------------------------------------------------------------------ 14. OTHER ASSETS - NET OF AMORTIZATION (ATTACH LIST) $2,892,844 $2,723,098 $0 $0 ------------------------------------------------------------------------------------------------------------------------ 15. OTHER (ATTACH LIST) $0 $0 $0 ------------------------------------------------------------------------------------------------------------------------ 16. TOTAL ASSETS $3,468,041 $3,482,487 $0 $0 ======================================================================================================================== POSTPETITION LIABILITIES ------------------------------------------------------------------------------------------------------------------------ 17. ACCOUNTS PAYABLE $0 $0 $0 ------------------------------------------------------------------------------------------------------------------------ 18. TAXES PAYABLE ($164) $0 $0 ------------------------------------------------------------------------------------------------------------------------ 19. NOTES PAYABLE $0 $0 $0 ------------------------------------------------------------------------------------------------------------------------ 20. PROFESSIONAL FEES $0 $0 $0 ------------------------------------------------------------------------------------------------------------------------ 21. SECURED DEBT $0 $0 $0 ------------------------------------------------------------------------------------------------------------------------ 22. OTHER (ATTACH LIST) $0 $0 $0 ------------------------------------------------------------------------------------------------------------------------ 23. TOTAL POSTPETITION LIABILITIES ($164) $0 $0 ========================================================================================================================= PREPETITION LIABILITIES ------------------------------------------------------------------------------------------------------------------------- 24. SECURED DEBT $0 $0 $0 ------------------------------------------------------------------------------------------------------------------------ 25. PRIORITY DEBT $73,455 $0 $0 $0 ------------------------------------------------------------------------------------------------------------------------ 26. UNSECURED DEBT $68,502 $62,673 $0 $0 ------------------------------------------------------------------------------------------------------------------------ 27. OTHER (ATTACH LIST) $1,225,717 $0 $0 ------------------------------------------------------------------------------------------------------------------------ 28. TOTAL PREPETITION LIABILITIES $141,957 $1,288,390 $0 $0 ------------------------------------------------------------------------------------------------------------------------ 29. TOTAL LIABILITIES $141,957 $1,288,226 $0 $0 ========================================================================================================================== EQUITY ------------------------------------------------------------------------------------------------------------------------ 30. PREPETITION OWNERS' EQUITY $2,194,261 $0 $0 ------------------------------------------------------------------------------------------------------------------------ 31. POSTPETITION CUMULATIVE PROFIT OR (LOSS) $0 $0 ------------------------------------------------------------------------------------------------------------------------ 32. DIRECT CHARGES TO EQUITY (ATTACH EXPLANATION) ------------------------------------------------------------------------------------------------------------------------ 33. TOTAL EQUITY $0 $2,194,261 $0 $0 ------------------------------------------------------------------------------------------------------------------------ 34. TOTAL LIABILITIES & OWNERS' EQUITY $141,957 $3,482,487 $0 $0 ======================================================================================================================== - ---------------------------------------------------------------------------------------------------------------------------
============================================================================================================================== MONTHLY OPERATING REPORT -------------------------------------------------------------------------------- CASE NAME: LONGHORN SOLUTIONS, INC. ACCRUAL BASIS-2 -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- CASE NUMBER: 400-42147-BJH-11 02/13/95, RWD, 2/96 --------------------------------------------------------------------------------
---------------------------------------------------------- INCOME STATEMENT ---------------------------------------------------------- ----------------------------------------------------------------------------------------------------------------------- MONTH MONTH MONTH QUARTER ------------------------------------------------------------------- REVENUES January 2001 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 $0 $0 ----------------------------------------------------------------------------------------------------------------------- 25. OTHER (ATTACH LIST) $0 $0 $0 $0 ----------------------------------------------------------------------------------------------------------------------- 26. TOTAL REORGANIZATION EXPENSES $0 $0 $0 $0 ======================================================================================================================= 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 ---------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------------ CASH RECEIPTS AND MONTH MONTH MONTH QUARTER ------------------------------------------------------------------------ DISBURSEMENTS January 2001 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: LONGHORN SOLUTIONS, INC. ACCRUAL BASIS-4 --------------------------------------------------------------------------------------------- --------------------------------------------------------------------------------------------- CASE NUMBER: 400-42147-BJH-11 02/13/95, RWD, 2/96 ---------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------------ SCHEDULE MONTH MONTH MONTH ---------------------------------------------------------- ACCOUNTS RECEIVABLE AGING AMOUNT January 2001 ------------------------------------------------------------------------------------------------------------------------------- 1. 0-30 $0 $0 $0 ------------------------------------------------------------------------------------------------------------------------------- 2. 31-60 $0 $0 $0 ------------------------------------------------------------------------------------------------------------------------------- 3. 61-90 $0 $0 $0 ------------------------------------------------------------------------------------------------------------------------------- 4. 91+ $5,182 $0 $0 =============================================================================================================================== 5. TOTAL ACCOUNTS RECEIVABLE $0 $5,182 $0 $0 ------------------------------------------------------------------------------------------------------------------------------- 6. AMOUNT CONSIDERED UNCOLLECTIBLE $1,581 $0 $0 =============================================================================================================================== 7. ACCOUNTS RECEIVABLE (NET) $0 $3,601 $0 $0 ===============================================================================================================================
---------------------------------------------------------------- AGING OF POSTPETITION TAXES AND PAYABLES MONTH: January 2001 ------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------- 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 $0 $0 $0 $0 $0 =========================================================================================================================
------------------------------------------------- STATUS OF POSTPETITION TAXES MONTH: January 2001 ------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------- 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: January 2001 ----------------------------------------- ------------------------------------------------------------- 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: January 2001 ---------------------------------------- ----------------------------------------------------------------------------- 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: January 2001 -----------------------------
-------------------------------------------------- QUESTIONNAIRE ------------------------------------------------------------------------------------------------------------------------ YES NO ------------------------------------------------------------------------------------------------------------------------ 1. HAVE ANY ASSETS BEEN SOLD OR TRANSFERRED OUTSIDE THE NORMAL COURSE OF BUSINESS THIS REPORTING PERIOD? X ------------------------------------------------------------------------------------------------------------------------ 2. HAVE ANY FUNDS BEEN DISBURSED FROM ANY ACCOUNT OTHER THAN A DEBTOR IN POSSESSION ACCOUNT? X ------------------------------------------------------------------------------------------------------------------------ 3. ARE ANY POSTPETITION RECEIVABLES (ACCOUNTS, NOTES, OR LOANS) DUE FROM RELATED PARTIES? X ------------------------------------------------------------------------------------------------------------------------ 4. HAVE ANY PAYMENTS BEEN MADE ON PREPETITION LIABILITIES THIS REPORTING PERIOD? X ------------------------------------------------------------------------------------------------------------------------ 5. HAVE ANY POSTPETITION LOANS BEEN RECEIVED BY THE DEBTOR FROM ANY PARTY? X ------------------------------------------------------------------------------------------------------------------------ 6. ARE ANY POSTPETITION PAYROLL TAXES PAST DUE? X ------------------------------------------------------------------------------------------------------------------------ 7. ARE ANY POSTPETITION STATE OR FEDERAL INCOME TAXES PAST DUE? X ------------------------------------------------------------------------------------------------------------------------ 8. ARE ANY POSTPETITION REAL ESTATE TAXES PAST DUE? X ------------------------------------------------------------------------------------------------------------------------ 9. ARE ANY OTHER POSTPETITION TAXES PAST DUE? X ------------------------------------------------------------------------------------------------------------------------ 10. ARE ANY AMOUNTS OWED TO POSTPETITION CREDITORS DELINQUENT? X ------------------------------------------------------------------------------------------------------------------------ 11. HAVE ANY PREPETITION TAXES BEEN PAID DURING THE REPORTING PERIOD? X ------------------------------------------------------------------------------------------------------------------------ 12. ARE ANY WAGE PAYMENTS PAST DUE? X ------------------------------------------------------------------------------------------------------------------------ IF THE ANSWER TO ANY OF THE ABOVE QUESTIONS IS "YES," PROVIDE A DETAILED EXPLANATION OF EACH ITEM. ATTACH ADDITIONAL SHEETS IF NECESSARY. ------------------------------------------------------------------------------------------------------------------------- ------------------------------------------------------------------------------------------------------------------------- -------------------------------------------------- INSURANCE ------------------------------------------------------------------------------------------------------------------------ YES NO ------------------------------------------------------------------------------------------------------------------------ 1. ARE WORKER'S COMPENSATION, GENERAL LIABILITY AND OTHER NECESSARY INSURANCE COVERAGES IN EFFECT? X ------------------------------------------------------------------------------------------------------------------------ 2. ARE ALL PREMIUM PAYMENTS PAID CURRENT? X ------------------------------------------------------------------------------------------------------------------------ 3. PLEASE ITEMIZE POLICIES BELOW. ------------------------------------------------------------------------------------------------------------------------ IF THE ANSWER TO ANY OF THE ABOVE QUESTIONS IS "NO," OR IF ANY POLICIES HAVE BEEN CANCELLED OR NOT RENEWED DURING THIS REPORTING PERIOD, PROVIDE AN EXPLANATION BELOW. ATTACH ADDITIONAL SHEETS IF NECESSARY. ------------------------------------------------------------------------------------------------------------------------------- ------------------------------------------------------------------------------------------------------------------------------- ------------------------------------------------------------------------------------------------------------------------------- INSTALLMENT PAYMENTS ------------------------------------------------------------------------------------------------------------------------------- TYPE OF PAYMENT AMOUNT POLICY CARRIER PERIOD COVERED & FREQUENCY ------------------------------------------------------------------------------------------------------------------------------- Property Insurance CAN Transcontinental Ins. Co 9/12/00-9/11/01 $ 1,723.00 Annual ------------------------------------------------------------------------------------------------------------------------------- ------------------------------------------------------------------------------------------------------------------------------- See Kitty Hawk, Inc. Case #400-42141 ------------------------------------------------------------------------------------------------------------------------------- ------------------------------------------------------------------------------------------------------------------------------- ------------------------------------------------------------------------------------------------------------------------------- ------------------------------------------------------------------------------------------------------------------------------- - ----------------------------------------------------------------------------------------------------------------------------------
CASE NAME: LONGHORN SOLUTIONS, INC. CASE NUMBER: 400-42147-BJH-11 DETAILS OF OTHER ITEMS ACCRUAL BASIS-1 January 2001 8. OTHER (ATTACH LIST) $ 755,788 Reported ------------------------- Intercompany Receivables 716,123 Deferred Taxes 36,717 Security Deposit 2,948 ------------------------- 755,788 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
========================================================================================================================= ---------------------------------------------------------------------------- CASE NAME: LONGHORN SOLUTIONS, INC. FOOTNOTES SUPPLEMENT ---------------------------------------------------------------------------- ---------------------------------------------------------------------------- CASE NUMBER: 400-42147-BJH-11 ACCRUAL BASIS ----------------------------------------------------------------------------
MONTH: January 2001 ------------------------------------- ----------------------------------------------------------------------------------------------------------------- ACCRUAL BASIS FORM NUMBER LINE 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 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. ----------------------------------------------------------------------------------------------------------------- ----------------------------------------------------------------------------------------------------------------- ----------------------------------------------------------------------------------------------------------------- ----------------------------------------------------------------------------------------------------------------- ----------------------------------------------------------------------------------------------------------------- ----------------------------------------------------------------------------------------------------------------- ----------------------------------------------------------------------------------------------------------------- ----------------------------------------------------------------------------------------------------------------- ----------------------------------------------------------------------------------------------------------------- ----------------------------------------------------------------------------------------------------------------- ----------------------------------------------------------------------------------------------------------------- ----------------------------------------------------------------------------------------------------------------- ----------------------------------------------------------------------------------------------------------------- ----------------------------------------------------------------------------------------------------------------- ----------------------------------------------------------------------------------------------------------------- ----------------------------------------------------------------------------------------------------------------- ----------------------------------------------------------------------------------------------------------------- =========================================================================================================================
EX-99.8 9 a2043106zex-99_8.txt EXHIBIT 99.8 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: JANUARY 31, 2001 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 2/20/2001 ------------------------------------------- --------------------------- PRINTED NAME OF RESPONSIBLE PARTY DATE PREPARER: /s/ Kevin K. Craig CONTROLLER, KITTY HAWK INC. ------------------------------------------- --------------------------- ORIGINAL SIGNATURE OF PREPARER TITLE KEVIN K. CRAIG 2/20/2001 ------------------------------------------- --------------------------- 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 JANUARY, 2001 - --------------------------------------------- -------------- --------------- ------ ----- 1. UNRESTRICTED CASH $0 $0 $0 $0 2. RESTRICTED CASH $0 $632,475 $0 $0 3. TOTAL CASH $0 $632,475 $0 $0 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) ($18,078,186) $0 $0 9. TOTAL CURRENT ASSETS ($33,904,344) ($17,445,711) $0 $0 10. PROPERTY, PLANT & EQUIPMENT $81,907,719 $75,028,395 $0 $0 11. LESS: ACCUMULATED DEPRECIATION / DEPLETION $33,669,772 $34,405,980 $0 $0 12. NET PROPERTY, PLANT & EQUIPMENT $48,237,946 $40,622,415 $0 $0 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 $23,176,704 $0 $0 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) $3,191,685 $0 $0 23. TOTAL POSTPETITION LIABILITIES $3,191,685 $0 $0 PREPETITION LIABILITIES 24. SECURED DEBT $2,811,382 $8,791 $0 $0 25. PRIORITY DEBT $0 $0 $0 $0 26. UNSECURED DEBT $0 $0 $0 $0 27. OTHER (ATTACH LIST) $1,300,001 $2,399,516 $0 $0 28. TOTAL PREPETITION LIABILITIES $4,111,383 $2,408,307 $0 $0 29. TOTAL LIABILITIES $4,111,383 $5,599,992 $0 $0 EQUITY 30. PREPETITION OWNERS' EQUITY $0 $12,789,185 $0 $0 31. POSTPETITION CUMULATIVE PROFIT OR (LOSS) $4,787,527 $0 $0 32. DIRECT CHARGES TO EQUITY (ATTACH EXPLANATION) $0 $0 $0 33. TOTAL EQUITY $0 $17,576,712 $0 $0 34. TOTAL LIABILITIES & OWNERS' EQUITY $4,111,383 $23,176,704 $0 $0 $0 $0 $0
MONTHLY OPERATING REPORT CASE NAME: AIRCRAFT LEASING, INC. ACCRUAL BASIS-2 CASE NUMBER: 400-42148-BJH-11 02/13/95, RWD, 2/96 INCOME STATEMENT
MONTH MONTH MONTH QUARTER REVENUES JANUARY, 2001 TOTAL - ------------------------------------------------ ---------------- ----------- ------------ ------------ 1. GROSS REVENUES $969,000 $0 $0 $969,000 2. LESS: RETURNS & DISCOUNTS $0 $0 $0 $0 3. NET REVENUE $969,000 $0 $0 $969,000 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 $969,000 $0 $0 $969,000 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 $969,000 $0 $0 $969,000 OTHER INCOME & EXPENSES 16. NON-OPERATING INCOME (ATT. LIST) ($7,247) $0 $0 ($7,247) 17. NON-OPERATING EXPENSE (ATT. LIST) $0 $0 $0 $0 18. INTEREST EXPENSE $0 $0 $0 $0 19. DEPRECIATION / DEPLETION $443,020 $0 $0 $443,020 20. AMORTIZATION $0 $0 $0 $0 21. OTHER (ATTACH LIST) ($434,229) $0 $0 ($434,229) 22. NET OTHER INCOME & EXPENSES $1,544 $0 $0 $1,544 REORGANIZATION EXPENSES 23. PROFESSIONAL FEES $0 $0 . $0 24. U.S. TRUSTEE FEES $0 $0 $0 $0 25. OTHER (ATTACH LIST) $0 $0 $0 $0 26. TOTAL REORGANIZATION EXPENSES $0 $0 $0 $0 27. INCOME TAX $386,983 $0 $0 $386,983 28. NET PROFIT (LOSS) $580,473 $0 $0 $580,473
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 JANUARY, 2001 TOTAL - --------------------------------------------------- --------------- ------------- --------- ------------ 1. CASH - BEGINNING OF MONTH $1,167,478 $632,475 $632,475 $1,167,478 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) $7,247 $0 $0 $7,247 9. TOTAL NON-OPERATING RECEIPTS $7,247 $0 $0 $7,247 10. TOTAL RECEIPTS $7,247 $0 $0 $7,247 11. TOTAL CASH AVAILABLE $1,174,725 $632,475 $632,475 $1,174,725 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 $542,250 $0 $0 $542,250 28. U.S. TRUSTEE FEES $0 $0 $0 $0 29. OTHER (ATTACH LIST) $0 $0 $0 $0 30. TOTAL REORGANIZATION EXPENSES $542,250 $0 $0 $542,250 31. TOTAL DISBURSEMENTS $542,250 $0 $0 $542,250 32. NET CASH FLOW ($535,003) $0 $0 ($535,003) 33. CASH - END OF MONTH $632,475 $632,475 $632,475 $632,475
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 JANUARY, 2001 - --------------------------------------------------- ----------- --------------- -------- -------- 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: JANUARY, 2001
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: JANUARY, 2001
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 $2,362 $0 $2,362 $0 13. PERSONAL PROPERTY $0 $0 $0 $0 14. OTHER (ATTACH LIST) $0 $0 $0 $0 15. TOTAL STATE & LOCAL $2,362 $0 $2,362 $0 16. TOTAL TAXES $2,362 $0 $2,362 $0
* The beginning tax liability should represent the liability from the prior month or, if this is the first operating report, the amount should be zero. ** Attach photocopies of IRS Form 6123 or your FTD coupon and payment receipt to verify payment or deposit. MONTHLY OPERATING REPORT CASE NAME: AIRCRAFT LEASING, INC. ACCRUAL BASIS-5 CASE NUMBER: 400-42148-BJH-11 02/13/95, RWD, 2/96 The debtor in possession must complete the reconciliation below for each bank account, including all general, payroll and tax accounts, as well as all savings and investment accounts, money market accounts, certificates of deposit, government obligations, etc. Accounts with restricted funds should be identified by placing an asterisk next to the account number. Attach additional sheets if necessary. MONTH: JANUARY, 2001 BANK RECONCILIATIONS
Account #1 Account #2 Account #3 TOTAL - ------------------------------------------------------ ---------- ---------- ---------- ------- A. BANK: B. ACCOUNT NUMBER: 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* 1/3/2000 MONEY MARKET $3,625,000 $0 8. HSBC Bank USA (ESCROW) #10-876110 6/19/2000 MONEY MARKET $3,560,463 $632,475 9. 10. 11. TOTAL INVESTMENTS $632,475 CASH 12. CURRENCY ON HAND $0 13. TOTAL CASH - END OF MONTH $632,475
MONTHLY OPERATING REPORT CASE NAME: AIRCRAFT LEASING, INC. ACCRUAL BASIS-6 CASE NUMBER: 400-42148-BJH-11 02/13/95, RWD, 2/96 MONTH: JANUARY, 2001 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: JANUARY, 2001 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 DETAILE EXPLANATION OF EACH ITEM. ATTACH ADDITIONAL SHEETS IF NECESSARY. b) $542,250 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: JANUARY, 2001
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) ($18,128,186) Intercompany Cummulative Receivable/Payable Credit Balance 1 - BS 22 a) $3,191,685 Accrued Federal Income Taxes (Post-petition) 1 - BS 27 a) $2,399,516 Accrued Taxes Payable (Pre-petition) 2 - IS 16 a) $7,247 Interest Income (from HSBC -Escrow account) 2 - IS 21 a) $8,791 Accrual Reversing on Lease A/C b) $443,020 Credit for Allocation of A/C Costs to KH Cargo (vs I/C) 3 - CF 8 a) $7,247 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) $542,250 Disbursement to Successor Trustee of (HSBC-Escrow) account for Professional Fees, Transferred to KH Inc & KH Int'l
CASE NAME: AIRCRAFT LEASING, INC. FOOTNOTES SUPPLEMENT CASE NUMBER: 400-42148-BJH-11 ACCRUAL BASIS MONTH: JANUARY, 2001
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.
EX-99.9 10 a2043106zex-99_9.txt EXHIBIT 99.9 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: JANUARY 31, 2001 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 TITLE RESPONSIBLE PARTY Drew Keith 2/20/2001 - -------------------------------- ---------------------------------------- PRINTED NAME OF RESPONSIBLE DATE PARTY PREPARER: /s/ JESSICA L. WILSON Chief Accounting Officer - -------------------------------- ---------------------------------------- ORIGINAL SIGNATURE OF TITLE PREPARER Jessica L. Wilson 2/20/2001 - -------------------------------- ---------------------------------------- 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 January 2001 - ----------------------------------------------------------------------------------------------------------------------------- 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) ($439,539) $0 $0 - ---------------------------------------------------------------------------------------------------------------------------- 9. TOTAL CURRENT ASSETS $ 64,520 ($439,539) $0 $0 ============================================================================================================================ 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 ($439,539) $0 $0 ============================================================================================================================ 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 $0 - ---------------------------------------------------------------------------------------------------------------------------- 23. TOTAL POSTPETITION LIABILITIES $ 0 $0 $0 - ---------------------------------------------------------------------------------------------------------------------------- PREPETITION LIABILITIES - ------------------------------------------------------------------------------------------------------------------- 24. SECURED DEBT $ 0 $0 $0 - ---------------------------------------------------------------------------------------------------------------------------- 25. PRIORITY DEBT $ 16,503 $ 0 $0 $0 - ---------------------------------------------------------------------------------------------------------------------------- 26. UNSECURED DEBT $513,635 ($84,891) $0 $0 - ---------------------------------------------------------------------------------------------------------------------------- 27. OTHER (ATTACH LIST) $ 0 $0 $0 - ---------------------------------------------------------------------------------------------------------------------------- 28. TOTAL PREPETITION LIABILITIES $530,138 ($84,891) $0 $0 ============================================================================================================================ 29. TOTAL LIABILITIES $530,138 ($84,891) $0 $0 ============================================================================================================================ EQUITY - ---------------------------------------------------------------------------------------------------------------------------- 30. PREPETITION OWNERS' EQUITY ($359,163) $0 $0 - ---------------------------------------------------------------------------------------------------------------------------- 31. POSTPETITION CUMULATIVE PROFIT OR (LOSS) $ 4,515 $0 $0 - ---------------------------------------------------------------------------------------------------------------------------- 32. DIRECT CHARGES TO EQUITY (ATTACH EXPLANATION) - ---------------------------------------------------------------------------------------------------------------------------- 33. TOTAL EQUITY $ 0 ($354,648) $0 $0 ============================================================================================================================ 34. TOTAL LIABILITIES & OWNERS' EQUITY $530,138 ($439,539) $0 $0 ============================================================================================================================
MONTHLY OPERATING REPORT - ------------------------------------------------ CASE NAME: AMERICAN INTERNATIONAL TRAVEL, INC. ACCRUAL BASIS-2 - ------------------------------------------------ - ------------------------------------------------ CASE NUMBER: 400-42149-BJH-11 02/13/95, RWD, 2/96 - ------------------------------------------------
- ---------------------------------------------------------- INCOME STATEMENT - ------------------------------------------------------------------------------------------------------ MONTH MONTH MONTH QUARTER --------------------------------------------------- REVENUES January 2001 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 $0 $0 - ------------------------------------------------------------------------------------------------------ 25. OTHER (ATTACH LIST) $0 $0 $0 $0 - ------------------------------------------------------------------------------------------------------ 26. TOTAL REORGANIZATION EXPENSES $0 $0 $0 $0 ====================================================================================================== 27. INCOME TAX $0 $0 $0 $0 ====================================================================================================== 28. NET PROFIT (LOSS) $0 $0 $0 $0 ======================================================================================================
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 January 2001 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 January 2001 - ------------------------------------------------------------------------------------------------------------ 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: January 2001 --------------------------
- ------------------------------------------------------------------------------------------------------------------- 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: January 2001 ------------------------------
- ------------------------------------------------------------------------------------------------------------------- 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: January 2001 -----------------------------
- ------------------------------------------------------------- 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: January 2001 ------------------------------------- - ------------------------------------------------------------------------------- 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: January 2001 ---------------------------
- ------------------------------------------------- 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. CASE NUMBER: 400-42149-BJH-11 DETAILS OF OTHER ITEMS
ACCRUAL BASIS-1 January 2001 8. OTHER (ATTACH LIST) (439,539) Reported ---------------------- Intercompany Settlements 882 A/R KH International (246,860) CDI Inter-divisional Balancing (196,142) CDI - Debit/Credit Transfer 2,581 ---------------------- (439,539) Detail ---------------------- - Difference
- ------------------------------------------------ CASE NAME: AMERICAN INTERNATIONAL TRAVEL, INC. FOOTNOTES SUPPLEMENT - ------------------------------------------------ - ------------------------------------------------ CASE NUMBER: 400-42149-BJH-11 ACCRUAL BASIS - ------------------------------------------------ MONTH: January 2001 -----------------------------------
- ----------------------------------------------------------------------------------------------------------------- ACCRUAL BASIS FORM NUMBER LINE 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) - ----------------------------------------------------------------------------------------------------------------- - ----------------------------------------------------------------------------------------------------------------- - ----------------------------------------------------------------------------------------------------------------- - ----------------------------------------------------------------------------------------------------------------- - ----------------------------------------------------------------------------------------------------------------- - ----------------------------------------------------------------------------------------------------------------- - ----------------------------------------------------------------------------------------------------------------- - ----------------------------------------------------------------------------------------------------------------- - ----------------------------------------------------------------------------------------------------------------- - ----------------------------------------------------------------------------------------------------------------- - ----------------------------------------------------------------------------------------------------------------- - ----------------------------------------------------------------------------------------------------------------- - -----------------------------------------------------------------------------------------------------------------
EX-99.10 11 a2043106zex-99_10.txt EXHIBIT 99.10
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: JANUARY 31, 2001 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 2/20/01 ------------------------------------------------------- ----------------------------------------------------- PRINTED NAME OF RESPONSIBLE PARTY DATE PREPARER: /s/ Jessica L. Wilson Chief Accounting Officer ------------------------------------------------------- ----------------------------------------------------- ORIGINAL SIGNATURE OF PREPARER TITLE Jessica L. Wilson 2/20/01 ------------------------------------------------------- ----------------------------------------------------- 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 ------------------------------------------------------------------------------------------------------------- SCHEDULE MONTH MONTH MONTH -------------------------------------------------- ASSETS AMOUNT January 2001 ------------------------------------------------------------------------------------------------------------- 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 $0 $0 ------------------------------------------------------------------------------------------------------------- 5. INVENTORY $0 $0 $0 ------------------------------------------------------------------------------------------------------------- 6. NOTES RECEIVABLE $0 $0 $0 ------------------------------------------------------------------------------------------------------------- 7. PREPAID EXPENSES $0 $0 $0 ------------------------------------------------------------------------------------------------------------- 8. OTHER (ATTACH LIST) $39,149 $724 $0 $0 ------------------------------------------------------------------------------------------------------------- 9. TOTAL CURRENT ASSETS $39,149 $21,466 $0 $0 ------------------------------------------------------------------------------------------------------------- 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 $21,466 $0 $0 ------------------------------------------------------------------------------------------------------------- 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 $0 ------------------------------------------------------------------------------------------------------------- 23. TOTAL POSTPETITION LIABILITIES $0 $0 $0 ------------------------------------------------------------------------------------------------------------- PREPETITION LIABILITIES ------------------------------------------------------------------------------------------------------------- 24. SECURED DEBT $0 $0 $0 ------------------------------------------------------------------------------------------------------------- 25. PRIORITY DEBT $0 $0 $0 ------------------------------------------------------------------------------------------------------------- 26. UNSECURED DEBT ($16,740) $0 $0 ------------------------------------------------------------------------------------------------------------- 27. OTHER (ATTACH LIST) $0 $0 $0 ------------------------------------------------------------------------------------------------------------- 28. TOTAL PREPETITION LIABILITIES $0 ($16,740) $0 $0 ------------------------------------------------------------------------------------------------------------- 29. TOTAL LIABILITIES $0 ($16,740) $0 $0 ------------------------------------------------------------------------------------------------------------- EQUITY ------------------------------------------------------------------------------------------------------------- 30. PREPETITION OWNERS' EQUITY $38,956 $0 $0 ------------------------------------------------------------------------------------------------------------- 31. POSTPETITION CUMULATIVE PROFIT OR (LOSS) ($750) $0 $0 ------------------------------------------------------------------------------------------------------------- 32. DIRECT CHARGES TO EQUITY (ATTACH EXPLANATION) ------------------------------------------------------------------------------------------------------------- 33. TOTAL EQUITY $0 $38,206 $0 $0 ------------------------------------------------------------------------------------------------------------- 34. TOTAL LIABILITIES & OWNERS' EQUITY $0 $21,466 $0 $0 ------------------------------------------------------------------------------------------------------------- - ----------------------------------------------------------------------------------------------------------------------
=================================================================================================================================== MONTHLY OPERATING REPORT -------------------------------------------------------------------------------- CASE NAME: FLIGHT ONE LOGISTICS, INC. ACCRUAL BASIS-2 -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- CASE NUMBER: 400-42069-BJH 02/13/95, RWD, 2/96 --------------------------------------------------------------------------------
---------------------------------------------------------- INCOME STATEMENT ----------------------------------------------------------------------------------------------------- MONTH MONTH MONTH QUARTER -------------------------------------------- REVENUES January 2001 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 $0 $0 ----------------------------------------------------------------------------------------------------- 25. OTHER (ATTACH LIST) $0 $0 $0 $0 ----------------------------------------------------------------------------------------------------- 26. TOTAL REORGANIZATION EXPENSES $0 $0 $0 $0 ----------------------------------------------------------------------------------------------------- 27. INCOME TAX $0 $0 $0 $0 ----------------------------------------------------------------------------------------------------- 28. NET PROFIT (LOSS) $0 $0 $0 $0 -----------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------ MONTHLY OPERATING REPORT --------------------------------------------------------------------------------- CASE NAME: FLIGHT ONE LOGISTICS, INC. ACCRUAL BASIS-3 --------------------------------------------------------------------------------- --------------------------------------------------------------------------------- CASE NUMBER: 400-42069-BJH 02/13/95, RWD, 2/96 ---------------------------------------------------------------------------------
---------------------------------------------------------------------------------------------------------- CASH RECEIPTS AND MONTH MONTH MONTH QUARTER --------------------------------------------- DISBURSEMENTS January 2001 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 ---------------------------------------------------------------------------------------------
--------------------------------------------------------------------------------------------------------------------- SCHEDULE MONTH MONTH MONTH ----------------------------------------------------- ACCOUNTS RECEIVABLE AGING AMOUNT January 2001 -------------------------------------------------------------------------------------------------------------- 1. 0-30 $0 $0 $0 -------------------------------------------------------------------------------------------------------------- 2. 31-60 $0 $0 $0 -------------------------------------------------------------------------------------------------------------- 3. 61-90 $0 $0 $0 -------------------------------------------------------------------------------------------------------------- 4. 91+ $20,742 $0 $0 -------------------------------------------------------------------------------------------------------------- 5. TOTAL ACCOUNTS RECEIVABLE $0 $20,742 $0 $0 -------------------------------------------------------------------------------------------------------------- 6. AMOUNT CONSIDERED UNCOLLECTIBLE $0 $0 $0 -------------------------------------------------------------------------------------------------------------- 7. ACCOUNTS RECEIVABLE (NET) $0 $20,742 $0 $0 --------------------------------------------------------------------------------------------------------------
---------------------------------------------------------------- AGING OF POSTPETITION TAXES AND PAYABLES MONTH: January 2001 -------------------- ------------------------------------------------------------------------------------------------------------- 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: January 2001 --------------------------------------- ------------------------------------------------------------------------------------------------------------------ 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: January 2001 ------------------------------------------ ------------------------------------------- BANK RECONCILIATIONS Account #1 Account #2 Account #3 TOTAL ------------------------------------------------------------------------------------------------------- A. BANK: N/A ----------------------------------------------------------------------------------------------------------- B. ACCOUNT NUMBER: N/A ----------------------------------------------------------------------------------------------------------- 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 ----------------------------------------------------------------------------------------------------------- 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: January 2001 ---------------------------------------- ----------------------------------------------------------------------------- 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: January 2001 ------------------------------------ -------------------------------------------------- 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. CASE NUMBER: 400-42069-BJH DETAILS OF OTHER ITEMS ACCRUAL BASIS-1 January 2001 8. OTHER (ATTACH LIST) $ 724 Reported ---------------------------------- Intercompany Receivables 724 Detail ---------------------------------- - Difference
===============================================================================
---------------------------------------------------------------------------- CASE NAME: FLIGHT ONE LOGISTICS, INC. FOOTNOTES SUPPLEMENT ---------------------------------------------------------------------------- ---------------------------------------------------------------------------- CASE NUMBER: 400-42069-BJH ACCRUAL BASIS ---------------------------------------------------------------------------- MONTH: January 2001 -------------------------------------
----------------------------------------------------------------------------------------------------------------- ACCRUAL BASIS FORM NUMBER LINE 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) -----------------------------------------------------------------------------------------------------------------
-----END PRIVACY-ENHANCED MESSAGE-----