-----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, VQFgB1t5EsATftMDbxiaEIZq3tpq4TnVmSN59LitfbJehHfHgpQtfNU6khKd200A orPsPBRvLXAcFzVFKRu7mg== 0000930661-01-500411.txt : 20010507 0000930661-01-500411.hdr.sgml : 20010507 ACCESSION NUMBER: 0000930661-01-500411 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 11 CONFORMED PERIOD OF REPORT: 20010420 ITEM INFORMATION: ITEM INFORMATION: FILED AS OF DATE: 20010504 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: 1622958 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 d8k.txt FORM 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): April 20, 2001 Kitty Hawk, Inc. (Exact name of registrant as specified in charter) Delaware 0-25202 75-2564006 (State or other jurisdiction (Commission (IRS Employer of incorporation) File Number) Identification 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 Debtors and Debtors in Possession for the period ended March 31, 2001 that the Company filed with the United States Bankruptcy Court for the Northern District of Texas, Fort Worth Division on April 20, 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 March 31, 2001 (1) 99.2 Monthly Operating Report for Kitty Hawk Aircargo, Inc. for the Period Ended March 31, 2001 (1) 99.3 Monthly Operating Report for Kitty Hawk Charters, Inc. for the Period Ended March 31, 2001 (1) 99.4 Monthly Operating Report for Kitty Hawk International, Inc. for the Period Ended March 31, 2001 (1) 99.5 Monthly Operating Report for Kitty Hawk Cargo, Inc. for the Period Ended March 31, 2001 (1) 99.6 Monthly Operating Report for O.K. Turbines, Inc. for the Period Ended March 31, 2001 (1) 99.7 Monthly Operating Report for Longhorn Solutions, Inc. for the Period Ended March 31, 2001 (1) 99.8 Monthly Operating Report for Aircraft Leasing, Inc. for the Period Ended March 31, 2001 (1) 99.9 Monthly Operating Report for American International Travel, Inc. for the Period Ended March 31, 2001 (1) 99.10 Monthly Operating Report for Flight One Logistics, Inc. for the Period Ended March 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: May 4, 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 March 31, 2001 99.2 Monthly Operating Report for Kitty Hawk Aircargo, Inc. for the Period Ended March 31, 2001 99.3 Monthly Operating Report for Kitty Hawk Charters Inc. for the Period Ended March 31, 2001 99.4 Monthly Operating Report for Kitty Hawk International Inc. for the Period Ended March 31, 2001 99.5 Monthly Operating Report for Kitty Hawk Cargo, Inc. for the Period Ended March 31, 2001 99.6 Monthly Operating Report for OK Turbines, Inc. for the Period Ended March 31, 2001 99.7 Monthly Operating Report for Longhorn Solutions, Inc. for the Period Ended March 31, 2001 99.8 Monthly Operating Report for Aircraft Leasing, Inc. for the Period Ended March 31, 2001 99.9 Monthly Operating Report for American International Travel, Inc. for the Period Ended March 31, 2001 99.10 Monthly Operating Report for Flight One Logistics, Inc. for the Period Ended March 31, 2001 EX-99.1 2 dex991.txt MONTHLY OPERATING REPORT KITTY HAWK INC. 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: MARCH 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 4/20/01 - ------------------------------------ ------------------------------- PRINTED NAME OF RESPONSIBLE DATE PARTY PREPARER: /s/ Jessica L. Wilson Chief Accounting Officer - ------------------------------------ ------------------------------- ORIGINAL SIGNATURE OF PREPARER TITLE Jessica L. Wilson 4/20/01 - ------------------------------------ ------------------------------- PRINTED NAME OF PREPARER DATE - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- Monthly Operating Report - -------------------------------- CASE NAME: Kitty Hawk, Inc. ACCRUAL BASIS-1 - -------------------------------- - -------------------------------- CASE NUMBER: 400-42141-BJH 02/13/95, RWD, 2/96 - --------------------------------
- -------------------------------- COMPARATIVE BALANCE SHEET - ------------------------------------------------------------------------------------------------------------------------------------ SCHEDULE MONTH MONTH MONTH ----------------------------------------------------------------------------------- ASSETS AMOUNT January 2001 February 2001 March 2001 - ------------------------------------------------------------------------------------------------------------------------------------ 1. UNRESTRICTED CASH $13,401,586 $31,545,131 $34,210,430 $41,616,063 - ------------------------------------------------------------------------------------------------------------------------------------ 2. RESTRICTED CASH $0 $0 $0 - ------------------------------------------------------------------------------------------------------------------------------------ 3. TOTAL CASH $13,401,586 $31,545,131 $34,210,430 $41,616,063 - ------------------------------------------------------------------------------------------------------------------------------------ 4. ACCOUNTS RECEIVABLE (NET) ($12,639,451) ($12,720,253) ($12,694,143) - ------------------------------------------------------------------------------------------------------------------------------------ 5. INVENTORY ($1,016,667) ($1,016,667) ($1,016,667) - ------------------------------------------------------------------------------------------------------------------------------------ 6. NOTES RECEIVABLE $15,000 $15,000 $15,000 $15,000 - ------------------------------------------------------------------------------------------------------------------------------------ 7. PREPAID EXPENSES $356,632 $447,667 $504,714 - ------------------------------------------------------------------------------------------------------------------------------------ 8. OTHER (ATTACH LIST) $422,186,692 $353,355,798 $349,988,037 $341,798,355 - ------------------------------------------------------------------------------------------------------------------------------------ 9. TOTAL CURRENT ASSETS $435,603,278 $371,616,443 $370,924,214 $370,223,322 - ------------------------------------------------------------------------------------------------------------------------------------ 10. PROPERTY, PLANT & EQUIPMENT $2,425,652 $6,076,562 $6,083,445 $6,083,445 - ------------------------------------------------------------------------------------------------------------------------------------ 11. LESS: ACCUMULATED DEPRECIATION/DEPLETION $2,017,973 $2,096,245 $2,174,632 - ------------------------------------------------------------------------------------------------------------------------------------ 12. NET PROPERTY, PLANT & EQUIPMENT $2,425,652 $4,058,589 $3,987,200 $3,908,813 - ------------------------------------------------------------------------------------------------------------------------------------ 13. DUE FROM INSIDERS $62,465 $219,367 $219,367 $219,367 - ------------------------------------------------------------------------------------------------------------------------------------ 14. OTHER ASSETS - NET OF AMORTIZATION (ATTACH LIST) $10,967,208 $9,791,021 $9,720,420 $9,649,819 - ------------------------------------------------------------------------------------------------------------------------------------ 15. OTHER (ATTACH LIST) $138,370,015 $138,370,015 $138,370,015 $138,370,015 - ------------------------------------------------------------------------------------------------------------------------------------ 16. TOTAL ASSETS $587,428,618 $524,055,435 $523,221,216 $522,371,336 - ------------------------------------------------------------------------------------------------------------------------------------ POSTPETITION LIABILITIES - ------------------------------------------------------------------------------------------------------------------------------------ 17. ACCOUNTS PAYABLE $3,112 ($180,111) $403,480 - ------------------------------------------------------------------------------------------------------------------------------------ 18. TAXES PAYABLE $0 $0 $0 - ------------------------------------------------------------------------------------------------------------------------------------ 19. NOTES PAYABLE $0 $0 $0 - ------------------------------------------------------------------------------------------------------------------------------------ 20. PROFESSIONAL FEES $782,236 $1,289,912 $681,000 - ------------------------------------------------------------------------------------------------------------------------------------ 21. SECURED DEBT $0 $0 $0 - ------------------------------------------------------------------------------------------------------------------------------------ 22. OTHER (ATTACH LIST) $2,923,280 $2,730,846 $2,511,741 - ------------------------------------------------------------------------------------------------------------------------------------ 23. TOTAL POSTPETITION LIABILITIES $3,708,628 $3,840,647 $3,596,221 - ------------------------------------------------------------------------------------------------------------------------------------ PREPETITION LIABILITIES - ------------------------------------------------------------------------------------------------------------------------------------ 24. SECURED DEBT $466,119,468 $390,493,178 $389,840,761 $389,235,367 - ------------------------------------------------------------------------------------------------------------------------------------ 25. PRIORITY DEBT $29,661 $0 $0 $0 - ------------------------------------------------------------------------------------------------------------------------------------ 26. UNSECURED DEBT $22,580,547 $2,232,268 $2,232,268 $2,232,268 - ------------------------------------------------------------------------------------------------------------------------------------ 27. OTHER (ATTACH LIST) $0 $29,163,394 $28,849,573 $28,849,513 - ------------------------------------------------------------------------------------------------------------------------------------ 28. TOTAL PREPETITION LIABILITIES $488,729,676 $421,888,840 $420,922,602 $420,317,148 - ------------------------------------------------------------------------------------------------------------------------------------ 29. TOTAL LIABILITIES $488,729,676 $425,597,468 $424,763,249 $423,913,369 - ------------------------------------------------------------------------------------------------------------------------------------ EQUITY - ------------------------------------------------------------------------------------------------------------------------------------ 30. PREPETITION OWNERS' EQUITY $98,457,967 $98,457,967 $98,457,967 - ------------------------------------------------------------------------------------------------------------------------------------ 31. POSTPETITION CUMULATIVE PROFIT OR (LOSS) $0 $0 $0 - ------------------------------------------------------------------------------------------------------------------------------------ 32. DIRECT CHARGES TO EQUITY (ATTACH EXPLANATION) - ------------------------------------------------------------------------------------------------------------------------------------ 33. TOTAL EQUITY $0 $98,457,967 $98,457,967 $98,457,967 - ------------------------------------------------------------------------------------------------------------------------------------ 34. TOTAL LIABILITIES & OWNERS' EQUITY $488,729,676 $524,055,435 $523,221,216 $522,371,336 - ------------------------------------------------------------------------------------------------------------------------------------
- -------------------------------------------------------------------------------- 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 February 2001 March 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 $107,083 $107,083 $321,249 - ------------------------------------------------------------------------------------------------------------------------------------ 10. SELLING & MARKETING $0 $0 $0 $0 - ------------------------------------------------------------------------------------------------------------------------------------ 11. GENERAL & ADMINISTRATIVE ($1,639,921) ($667,349) ($878,784) ($3,186,054) - ------------------------------------------------------------------------------------------------------------------------------------ 12. RENT & LEASE $41,080 $31,248 $31,786 $104,114 - ------------------------------------------------------------------------------------------------------------------------------------ 13. OTHER (ATTACH LIST) $0 $0 $0 $0 - ------------------------------------------------------------------------------------------------------------------------------------ 14. TOTAL OPERATING EXPENSES ($1,491,758) ($529,018) ($739,915) ($2,760,691) - ------------------------------------------------------------------------------------------------------------------------------------ 15. INCOME BEFORE NON-OPERATING INCOME & EXPENSE $1,491,758 $529,018 $739,915 $2,760,691 - ------------------------------------------------------------------------------------------------------------------------------------ OTHER INCOME & EXPENSES - ------------------------------------------------------------------------------------------------------------------------------------ 16. NON-OPERATING INCOME (ATT. LIST) ($144,773) ($205,267) ($146,686) ($496,726) - ------------------------------------------------------------------------------------------------------------------------------------ 17. NON-OPERATING EXPENSE (ATT. LIST) $0 $0 $0 $0 - ------------------------------------------------------------------------------------------------------------------------------------ 18. INTEREST EXPENSE $0 $0 $0 $0 - ------------------------------------------------------------------------------------------------------------------------------------ 19. DEPRECIATION / DEPLETION $78,270 $78,270 $78,386 $234,926 - ------------------------------------------------------------------------------------------------------------------------------------ 20. AMORTIZATION $76,984 $76,984 $76,984 $230,952 - ------------------------------------------------------------------------------------------------------------------------------------ 21. OTHER (ATTACH LIST) $0 $0 $0 $0 - ------------------------------------------------------------------------------------------------------------------------------------ 22. NET OTHER INCOME & EXPENSES $10,481 ($50,013) $8,684 ($30,848) - ------------------------------------------------------------------------------------------------------------------------------------ REORGANIZATION EXPENSES - ------------------------------------------------------------------------------------------------------------------------------------ 23. PROFESSIONAL FEES $1,481,277 $579,031 $713,081 $2,773,389 - ------------------------------------------------------------------------------------------------------------------------------------ 24. U.S. TRUSTEE FEES $0 $0 $10,000 $10,000 - ------------------------------------------------------------------------------------------------------------------------------------ 25. OTHER (ATTACH LIST) $0 $0 $0 $0 - ------------------------------------------------------------------------------------------------------------------------------------ 26. TOTAL REORGANIZATION EXPENSES $1,481,277 $579,031 $723,081 $2,783,389 - ------------------------------------------------------------------------------------------------------------------------------------ 27. INCOME TAX $0 $0 $8,150 $8,150 - ------------------------------------------------------------------------------------------------------------------------------------ 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 - --------------------------------
- -------------------------------- CASH RECEIPTS AND DISBURSEMENTS MONTH MONTH MONTH ----------------------------------------------------------------------- QUARTER January 2001 February 2001 March 2001 TOTAL - ----------------------------------------------------------------------------------------------------------------------------------- 1. CASH - BEGINNING OF MONTH $14,294,580 $31,545,131 $34,210,430 $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 $31,477,401 $34,390,149 $131,742,760 - ----------------------------------------------------------------------------------------------------------------------------------- 9. TOTAL NON-OPERATING RECEIPTS $65,875,210 $31,477,401 $34,390,149 $131,742,760 - ----------------------------------------------------------------------------------------------------------------------------------- 10. TOTAL RECEIPTS $65,875,210 $31,477,401 $34,390,149 $131,742,760 - ----------------------------------------------------------------------------------------------------------------------------------- 11. TOTAL CASH AVAILABLE $80,169,790 $63,022,532 $68,600,579 $146,037,340 - ----------------------------------------------------------------------------------------------------------------------------------- OPERATING DISBURSEMENTS - ----------------------------------------------------------------------------------------------------------------------------------- 12. NET PAYROLL $3,703,643 $4,431,079 $3,964,455 $12,099,177 - ----------------------------------------------------------------------------------------------------------------------------------- 13. PAYROLL TAXES PAID $1,895,115 $789,238 $1,680,340 $4,364,693 - ----------------------------------------------------------------------------------------------------------------------------------- 14. SALES, USE & OTHER TAXES PAID $237,314 $88,993 $0 $326,307 - ----------------------------------------------------------------------------------------------------------------------------------- 15. SECURED / RENTAL / LEASES $3,610,102 $4,005,254 $2,337,422 $9,952,778 - ----------------------------------------------------------------------------------------------------------------------------------- 16. UTILITIES $103,421 $127,082 $98,318 $328,821 - ----------------------------------------------------------------------------------------------------------------------------------- 17. INSURANCE $423,996 $1,796,030 $987,021 $3,207,047 - ----------------------------------------------------------------------------------------------------------------------------------- 18. INVENTORY PURCHASES $0 $0 $0 $0 - ----------------------------------------------------------------------------------------------------------------------------------- 19. VEHICLE EXPENSES $0 $0 $0 $0 - ----------------------------------------------------------------------------------------------------------------------------------- 20. TRAVEL $1,412,100 $993,739 $992,404 $3,398,243 - ----------------------------------------------------------------------------------------------------------------------------------- 21. ENTERTAINMENT $0 $0 $0 $0 - ----------------------------------------------------------------------------------------------------------------------------------- 22. REPAIRS & MAINTENANCE $4,622,644 $2,628,299 $3,435,991 $10,686,934 - ----------------------------------------------------------------------------------------------------------------------------------- 23. SUPPLIES $0 $0 $0 $0 - ----------------------------------------------------------------------------------------------------------------------------------- 24. ADVERTISING $5,291 $3,974 $22,283 $31,548 - ----------------------------------------------------------------------------------------------------------------------------------- 25. OTHER (ATTACH LIST) $31,350,549 $13,626,592 $12,477,603 $57,454,744 - ----------------------------------------------------------------------------------------------------------------------------------- 26. TOTAL OPERATING DISBURSEMENTS $47,364,175 $28,490,280 $25,995,837 $101,850,292 - ----------------------------------------------------------------------------------------------------------------------------------- REORGANIZATION EXPENSES - ----------------------------------------------------------------------------------------------------------------------------------- 27. PROFESSIONAL FEES $1,241,484 $321,822 $988,679 $2,551,985 - ----------------------------------------------------------------------------------------------------------------------------------- 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 $321,822 $988,679 $2,570,985 - ----------------------------------------------------------------------------------------------------------------------------------- 31. TOTAL DISBURSEMENTS $48,624,659 $28,812,102 $26,984,516 $104,421,277 - ----------------------------------------------------------------------------------------------------------------------------------- 32. NET CASH FLOW $17,250,551 $2,665,299 $7,405,633 $27,321,483 - ----------------------------------------------------------------------------------------------------------------------------------- 33. CASH - END OF MONTH $31,545,131 $34,210,430 $41,616,063 $41,616,063 - -----------------------------------------------------------------------------------------------------------------------------------
- -------------------------------------------------------------------------------- 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 February 2001 March 2001 - ------------------------------------------------------------------------------------------------------------------------------------ 1. 0-30 $1,187 $19,968 $1,234 - ------------------------------------------------------------------------------------------------------------------------------------ 2. 31-60 $63,947 $63,947 $19,868 - ------------------------------------------------------------------------------------------------------------------------------------ 3. 61-90 $0 $0 $63,947 - ------------------------------------------------------------------------------------------------------------------------------------ 4. 91+ $0 $0 $0 - ------------------------------------------------------------------------------------------------------------------------------------ 5. TOTAL ACCOUNTS RECEIVABLE $0 $65,134 $83,915 $85,049 - ------------------------------------------------------------------------------------------------------------------------------------ 6. AMOUNT CONSIDERED UNCOLLECTIBLE $12,704,585 $12,804,168 $12,779,192 - ------------------------------------------------------------------------------------------------------------------------------------ 7. ACCOUNTS RECEIVABLE (NET) $0 ($12,639,451) ($12,720,253) ($12,694,143) - ------------------------------------------------------------------------------------------------------------------------------------ AGING OF POSTPETITION TAXES AND PAYABLES MONTH: March 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 ($63,174) $57,115 $57,683 $351,856 $403,480 - ------------------------------------------------------------------------------------------------------------------------------------ STATUS OF POSTPETITION TAXES MONTH: March 2001 ------------------------------- - ------------------------------------------------------------------------------------------------------------------------------------ BEGINNING AMOUNT ENDING TAX WITHHELD AND/ AMOUNT TAX FEDERAL LIABILITY* 0R ACCRUED PAID LIABILITY - ------------------------------------------------------------------------------------------------------------------------------------ 1. WITHHOLDING** $0 $151,275 $151,275 $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 $151,275 $151,275 $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 $151,275 $151,275 $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: March 2001 -------------------------------- BANK RECONCILIATIONS Account #1 Account #2 Account #3 - ---------------------------------------------------------------------------------------------------------- A. BANK: Bank One Bank One Wells Fargo - ---------------------------------------------------------------------------------------------------------- B. ACCOUNT NUMBER: 100140334 9319959434 4417-881463 TOTAL - ---------------------------------------------------------------------------------------------------------- C. PURPOSE (TYPE): Operating Disbursement Operating - ----------------------------------------------------------------------------------------------------------------------------------- 1. BALANCE PER BANK STATEMENT $460,348 $50,000 $4,048,680 $4,846,237 - ----------------------------------------------------------------------------------------------------------------------------------- 2. ADD: TOTAL DEPOSITS NOT CREDITED $0 $0 $0 $0 - ----------------------------------------------------------------------------------------------------------------------------------- 3. SUBTRACT: OUTSTANDING CHECKS $2,478,568 $0 $0 $2,729,865 - ----------------------------------------------------------------------------------------------------------------------------------- 4. OTHER RECONCILING ITEMS $25,753 $0 $0 $25,753 - ----------------------------------------------------------------------------------------------------------------------------------- 5. MONTH END BALANCE PER BOOKS ($1,992,467) $50,000 $4,048,680 $2,106,213 - ----------------------------------------------------------------------------------------------------------------------------------- 6. NUMBER OF LAST CHECK WRITTEN No checks 28022 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 3/30/01 Overnight Sweep $38,867,823 $38,867,823 - ----------------------------------------------------------------------------------------------------------------------------------- 9. N/A - ----------------------------------------------------------------------------------------------------------------------------------- 10. N/A - ----------------------------------------------------------------------------------------------------------------------------------- 11. TOTAL INVESTMENTS $39,467,823 $39,472,938 - ----------------------------------------------------------------------------------------------------------------------------------- CASH - ----------------------------------------------------------------------------------------------------------------------------------- 12. CURRENCY ON HAND $1,000 - ----------------------------------------------------------------------------------------------------------------------------------- - ----------------------------------------------------------------------------------------------------------------------------------- 13. TOTAL CASH - END OF MONTH $41,616,063 - -----------------------------------------------------------------------------------------------------------------------------------
- -------------------------------------------------------------------------------- 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: March 2001 ------------------------------- BANK RECONCILIATIONS Account #4 Account #5 Account #6 - ------------------------------------------------------------------------------------------------------------------------------------ A. BANK: Bank One Bank One Bank One - ------------------------------------------------------------------------------------------------------------- B. ACCOUNT NUMBER: 1570695922 100129949/9319958451 1586268961 TOTAL - ------------------------------------------------------------------------------------------------------------- C. PURPOSE (TYPE): Payroll Health Insurance Flex Spending - ------------------------------------------------------------------------------------------------------------------------------------ 1. BALANCE PER BANK STATEMENT $0 $251,297 $35,912 $287,209 - ------------------------------------------------------------------------------------------------------------------------------------ 2. ADD: TOTAL DEPOSITS NOT CREDITED $0 $0 $0 $0 - ------------------------------------------------------------------------------------------------------------------------------------ 3. SUBTRACT: OUTSTANDING CHECKS $0 $251,297 $0 $251,297 - ------------------------------------------------------------------------------------------------------------------------------------ 4. OTHER RECONCILING ITEMS $0 $0 $0 $0 - ------------------------------------------------------------------------------------------------------------------------------------ 5. MONTH END BALANCE PER BOOKS $0 $0 $35,912 $35,912 - ------------------------------------------------------------------------------------------------------------------------------------ 6. NUMBER OF LAST CHECK WRITTEN 76894 146559 1239 - ------------------------------------------------------------------------------------------------------------------------------------ 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 $35,912 - ------------------------------------------------------------------------------------------------------------------------------------
- -------------------------------------------------------------------------------- Monthly Operating Report - --------------------------------- CASE NAME: Kitty Hawk, Inc. ACCRUAL BASIS-5 - --------------------------------- - --------------------------------- CASE NUMBER: 400-42141-BJH 02/13/95, RWD, 2/96 - --------------------------------- The debtor in possession must complete the reconciliation below for each bank account, including all general, payroll and tax accounts, as well as all savings and investment accounts, money market accounts, certificates of deposit, government obligations, etc. Accounts with restricted funds should be identified by placing an asterisk next to the account number. Attach additional sheets if necessary.
MONTH: March 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: March 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 $82,084 - -------------------------------------------------------------------------------------------------- 2. Jim Craig Salary $33,333 $233,335 - -------------------------------------------------------------------------------------------------- 3. Janie Garrard Salary $0 $2,625 - -------------------------------------------------------------------------------------------------- 4. Drew Keith Salary $32,500 $233,962 - -------------------------------------------------------------------------------------------------- 5 Lena Baker Salary $0 $7,500 - -------------------------------------------------------------------------------------------------- 6 Jim Reeves Salary $33,333 $366,663 - -------------------------------------------------------------------------------------------------- 7 John Turnipseed Salary $0 $41,668 - -------------------------------------------------------------------------------------------------- 8 TOTAL PAYMENTS TO INSIDERS $107,083 $967,837 - --------------------------------------------------------------------------------------------------
- -------------------------------------------------------------------------------------------------------------------------------- PROFESSIONALS - -------------------------------------------------------------------------------------------------------------------------------- DATE OF COURT TOTAL ORDER AUTHORIZING AMOUNT AMOUNT TOTAL PAID INCURRED NAME PAYMENT APPROVED PAID TO DATE & UNPAID * - -------------------------------------------------------------------------------------------------------------------------------- 1. Lain Faulkner $47,131 $630,423 $93,000 - -------------------------------------------------------------------------------------------------------------------------------- 2. Haynes and Boone $274,122 $2,414,250 $180,000 - -------------------------------------------------------------------------------------------------------------------------------- 3. The Seabury Group $75,000 $1,575,000 $0 - -------------------------------------------------------------------------------------------------------------------------------- 4. Forshey & Prostock $0 $365,670 $0 - -------------------------------------------------------------------------------------------------------------------------------- 5 Price Waterhouse Coopers $91,944 $386,015 $30,000 - -------------------------------------------------------------------------------------------------------------------------------- 6 Jay Alix and Associates $30,522 $671,514 $25,000 - -------------------------------------------------------------------------------------------------------------------------------- 7 Andrews & Kurth $79,071 $902,448 $186,000 - -------------------------------------------------------------------------------------------------------------------------------- 8 Jenkins & Gilchrist $0 $47,474 $0 - -------------------------------------------------------------------------------------------------------------------------------- 9 Ford and Harrison $3,220 $204,585 $15,000 - -------------------------------------------------------------------------------------------------------------------------------- 10 Grant Thornton $61,209 $234,287 $0 - -------------------------------------------------------------------------------------------------------------------------------- 11 Verner Liipfert $108,809 $359,980 $152,000 - -------------------------------------------------------------------------------------------------------------------------------- 12 TOTAL PAYMENTS TO PROFESSIONALS $0 $771,028 $7,791,646 $681,000 - --------------------------------------------------------------------------------------------------------------------------------
* 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: March 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 $652,000 on its revolving credit facility in accordance with various - ---------------------------------------------------------------------------------------------------------------------------- court orders. Cash used in the payments were a result of asset sales (aircraft and inventory) and internally generated - ---------------------------------------------------------------------------------------------------------------------------- cash. Additionally, Landing and parking fees in Fort Wayne, IN were paid when the lease was assumed. - ----------------------------------------------------------------------------------------------------------------------------
- ---------------------------------------------------- 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 CGU 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 - --------------------------------------------------------------------------------------------------------------------------------- Aggregate Claims Liab Reliastar 5/1/2000 - 4/30/2001 15,000 Annually - --------------------------------------------------------------------------------------------------------------------------------- Claims Admin Runout CIGNA 5/1/2000 - 4/30/2001 125,779 One time - --------------------------------------------------------------------------------------------------------------------------------- Pilot Long Term Disabl UNUM 5/1/2000 - 4/30/2001 7,975 Monthly - --------------------------------------------------------------------------------------------------------------------------------- Stop Loss Reliastar 5/1/2000 - 4/30/2001 31,635 Monthly - --------------------------------------------------------------------------------------------------------------------------------- Case Management Reliastar 5/1/2000 - 4/30/2001 1,329 Monthly - --------------------------------------------------------------------------------------------------------------------------------- Claims Administration Allied Benefit System 5/1/2000 - 4/30/2001 25,052 Monthly - --------------------------------------------------------------------------------------------------------------------------------- Life/AD&D CIGNA 5/1/2000 - 4/30/2001 11,732 Monthly - --------------------------------------------------------------------------------------------------------------------------------- EAP Behavioral Health Partners 5/1/2000 - 4/30/2001 2,941 Monthly - --------------------------------------------------------------------------------------------------------------------------------- Section 125 Admin Taxsaver 5/1/2000 - 4/30/2001 1,179 Monthly - ---------------------------------------------------------------------------------------------------------------------------------
- -------------------------------------------------------------------------------- CASE NAME: Kitty Hawk, Inc. FOOTNOTES SUPPLEMENT - ---------------------------------- - ---------------------------------- CASE NUMBER: 400-42141-BJH ACCRUAL BASIS - ---------------------------------- MONTH: March 2001 --------------------------------------------
- -------------------------------------------------------------------------------------------------------------------------------- ACCRUAL BASIS FORM NUMBER LINE 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 March - -------------------------------------------------------------------------------------------------------------------------------- - --------------------------------------------------------------------------------------------------------------------------------
CASE NAME: Kitty Hawk, Inc. CASE NUMBER: 400-42141 Details of Other Items ACCRUAL BASIS-1 March 2001 8. OTHER (ATTACH LIST) $ 341,798,355 Reported --------------------------------- Intercompany Receivables 339,632,500 Escrow JRC 400,000 A/R Other 447,964 A/R Employees - A/R 401(k) Loan 18 A/R Reconciling item (12,141) Deferred Taxes 776,266 Deposits - Other 137,749 Deposits - Retainers 415,999 --------------------------------- 341,798,355 Detail --------------------------------- - Difference 14. OTHER ASSETS - NET OF AMORTIZATION (ATTACH LIST) 9,649,819 Reported --------------------------------- Loan organizaiton costs 1,122,434 Bond offering costs 7,151,860 Goodwill - KH Cargo 1,375,525 --------------------------------- 9,649,819 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) $ 2,511,741 Reported --------------------------------- Accrued expenses 736,892 Accrued interest 472,473 Accrued health savings 614,257 A/P Aging reconciling item (25,854) A/P clearing - Accrued 401(k) 9,862 Accrued Salaries/Wages 704,111 --------------------------------- 2,511,741 Detail --------------------------------- - Difference 27. OTHER (ATTACH LIST) $ 28,849,513 Reported --------------------------------- Deferred Taxes 31,006,505 Accrued Taxes payable (17,685,739) Interest payable 15,528,747 --------------------------------- 28,849,513 Detail --------------------------------- - Difference
CASE NAME: Kitty Hawk, Inc. CASE NUMBER: 400-42141 Details of Other Items ACCRUAL BASIS-2 16. NON-OPERATING INCOME (ATT. LIST) (146,686)Reported --------------------------------- Interest Income (146,686) --------------------------------- (146,686)Detail - Difference ACCRUAL BASIS-3 8. OTHER (ATTACH LIST) 34,390,149 Reported --------------------------------- Transfers from Charters 1,648,887 Transfers from Cargo 10,150,820 Transfers from Aircargo 18,727,038 Transfers from International 637,000 Cash deposits - non-lockbox 3,075,349 Interest income 144,555 Misc Deposits 8,481 NSF Checks (1,981) --------------------------------- 34,390,149 Detail --------------------------------- - Difference --------------------------------- 25. OTHER (ATTACH LIST) 12,477,603 Reported --------------------------------- checks wires Inc. 401(k) 536,612 Employee Expenses 80,295 Bank charges 8,137 Refunds/Claims 3,601 Interest expense Fuel 3,832,100 Ground Handling 2,018,891 Shipping 100,053 Ondemand Charter costs 112,940 135 Airline costs 9,475 Software Building Rent and expenses 591,339 Building maintenance/security 23,089 Contract Labor 450,966 Trucking 331,421 Customs/Parking/Landing 1,719,758 Containers 54,865 Transfers Security Simulator/Communication/Other Training 530,667 Misc 137,255 Voided checks and corrections (68,311) Board of Direcetors expenses 157 Asset purchase Charts/Manuals 74,107 Shutdown costs 36,407 Taxes 57,495 Deicing 246,545 Office 45,674 Deposits 100,000 Subcharter Aircraft 1,444,065 --------------------------------- 12,477,603 Detail - Difference
EX-99.2 3 dex992.txt MONTHLY OPERATING REPORT KITTY HAWK AIRCARGO Exhibit 99.2 - -------------------------------------------------------------------------------- Monthly Operating Report - ---------------------------------------- CASE NAME: KITTY HAWK AIRCARGO, INC. ACCRUAL BASIS - ---------------------------------------- - ---------------------------------------- CASE NUMBER: 400-42142-BJH-11 02/13/95, RWD, 2/96 - ---------------------------------------- - ---------------------------------------- JUDGE: BARBARA J. HOUSER - ---------------------------------------- UNITED STATES BANKRUPTCY COURT NORTHERN DISTRICT OF TEXAS SIXTH DIVISION MONTHLY OPERATING REPORT MONTH ENDING: MARCH 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 4/20/01 - ----------------------------------------- ----------------------------------- PRINTED NAME OF RESPONSIBLE PARTY DATE PREPARER: /s/ Kevin K. Craig CONTROLLER, KITTY HAWK INC. - ----------------------------------------- ----------------------------------- ORIGINAL SIGNATURE OF PREPARER TITLE KEVIN K. CRAIG 4/20/01 - ----------------------------------------- ----------------------------------- PRINTED NAME OF PREPARER DATE - -------------------------------------------------------------------------------- Monthly Operating Report - --------------------------------------- CASE NAME: KITTY HAWK AIRCARGO, INC. ACCRUAL BASIS-1 - --------------------------------------- - --------------------------------------- CASE NUMBER: 400-42142-BJH-11 02/13/95, RWD, 2/96 - ---------------------------------------
AMENDED 3/20/01 COMPARATIVE BALANCE SHEET - ------------------------------------------------------------------------------------------------------------------------------------ SCHEDULE MONTH MONTH MONTH ---------------------------------------------------------------------- ASSETS AMOUNT JANUARY, 2001 FEBRUARY, 2001 MARCH, 2001 - ------------------------------------------------------------------------------------------------------------------------------------ 1. UNRESTRICTED CASH $16,904 $20,924 $21,324 $21,824 - ------------------------------------------------------------------------------------------------------------------------------------ 2. RESTRICTED CASH $0 $0 $0 $0 - ------------------------------------------------------------------------------------------------------------------------------------ 3. TOTAL CASH $16,904 $20,924 $21,324 $21,824 - ------------------------------------------------------------------------------------------------------------------------------------ 4. ACCOUNTS RECEIVABLE (NET) $29,303,045 $26,804,113 $24,276,639 $17,515,008 - ------------------------------------------------------------------------------------------------------------------------------------ 5. INVENTORY $1,508,508 $2,427,576 $2,403,007 $2,285,862 - ------------------------------------------------------------------------------------------------------------------------------------ 6. NOTES RECEIVABLE $0 $0 $0 $0 - ------------------------------------------------------------------------------------------------------------------------------------ 7. PREPAID EXPENSES $2,294,717 $16,188,438 $13,482,705 $8,603,606 - ------------------------------------------------------------------------------------------------------------------------------------ 8. OTHER (ATTACH LIST) $111,256,463 ($41,337,323) ($39,513,358) ($30,356,911) - ------------------------------------------------------------------------------------------------------------------------------------ 9. TOTAL CURRENT ASSETS $144,379,636 $4,103,728 $670,317 ($1,930,611) - ------------------------------------------------------------------------------------------------------------------------------------ 10. PROPERTY, PLANT & EQUIPMENT $166,772,560 $206,205,090 $205,729,649 $205,862,080 - ------------------------------------------------------------------------------------------------------------------------------------ 11. LESS: ACCUMULATED DEPRECIATION / DEPLETION $0 $51,433,060 $53,105,274 $55,073,197 - ------------------------------------------------------------------------------------------------------------------------------------ 12. NET PROPERTY, PLANT & EQUIPMENT $166,772,560 $154,772,030 $152,624,375 $150,788,883 - ------------------------------------------------------------------------------------------------------------------------------------ 13. DUE FROM INSIDERS - ------------------------------------------------------------------------------------------------------------------------------------ 14. OTHER ASSETS - NET OF AMORTIZATION (ATTACH LIST) $0 $2,320,000 $2,320,000 $2,321,000 - ------------------------------------------------------------------------------------------------------------------------------------ 15. OTHER (ATTACH LIST) $0 $0 $0 $0 - ------------------------------------------------------------------------------------------------------------------------------------ 16. TOTAL ASSETS $311,152,196 $161,195,758 $155,614,692 $151,179,272 - ------------------------------------------------------------------------------------------------------------------------------------ POSTPETITION LIABILITIES - ------------------------------------------------------------------------------------------------------------------------------------ 17. ACCOUNTS PAYABLE $2,970,627 $3,126,230 $1,792,350 - ------------------------------------------------------------------------------------------------------------------------------------ 18. TAXES PAYABLE $38,000 $32,000 $31,000 - ------------------------------------------------------------------------------------------------------------------------------------ 19. NOTES PAYABLE $900,000 $0 $0 - ------------------------------------------------------------------------------------------------------------------------------------ 20. PROFESSIONAL FEES $0 $0 $0 - ------------------------------------------------------------------------------------------------------------------------------------ 21. SECURED DEBT $8,185,926 $8,046,696 $7,900,397 - ------------------------------------------------------------------------------------------------------------------------------------ 22. OTHER (ATTACH LIST) $10,396,948 $7,038,325 $4,555,798 - ------------------------------------------------------------------------------------------------------------------------------------ 23. TOTAL POSTPETITION LIABILITIES $22,491,501 $18,243,251 $14,279,545 - ------------------------------------------------------------------------------------------------------------------------------------ PREPETITION LIABILITIES - ------------------------------------------------------------------------------------------------------------------------------------ 24. SECURED DEBT $27,100,000 $27,100,000 $27,100,000 - ------------------------------------------------------------------------------------------------------------------------------------ 25. PRIORITY DEBT $2,177,962 $0 $0 $0 - ------------------------------------------------------------------------------------------------------------------------------------ 26. UNSECURED DEBT $184,252,878 $30,442,680 $30,440,296 $30,243,022 - ------------------------------------------------------------------------------------------------------------------------------------ 27. OTHER (ATTACH LIST) $0 $20,040,527 $20,014,211 $20,009,310 - ------------------------------------------------------------------------------------------------------------------------------------ 28. TOTAL PREPETITION LIABILITIES $186,430,840 $77,583,207 $77,554,507 $77,352,332 - ------------------------------------------------------------------------------------------------------------------------------------ 29. TOTAL LIABILITIES $186,430,840 $100,074,708 $95,797,758 $91,631,877 - ------------------------------------------------------------------------------------------------------------------------------------ EQUITY - ------------------------------------------------------------------------------------------------------------------------------------ 30. PREPETITION OWNERS' EQUITY $69,645,449 $69,645,449 $69,645,449 - ------------------------------------------------------------------------------------------------------------------------------------ 31. POSTPETITION CUMULATIVE PROFIT OR (LOSS) ($8,524,399) ($9,828,515) ($10,098,054) - ------------------------------------------------------------------------------------------------------------------------------------ 32. DIRECT CHARGES TO EQUITY (ATTACH EXPLANATION) $0 $0 $0 - ------------------------------------------------------------------------------------------------------------------------------------ 33. TOTAL EQUITY $0 $61,121,050 $59,816,934 $59,547,395 - ------------------------------------------------------------------------------------------------------------------------------------ 34. TOTAL LIABILITIES & OWNERS' EQUITY $186,430,840 $161,195,758 $155,614,692 $151,179,272 - ------------------------------------------------------------------------------------------------------------------------------------ $0 $0 $0 - ------------------------------------------------------------------------------------------------------------------------------------
================================================================================ Monthly Operating Report - --------------------------------------- CASE NAME: KITTY HAWK AIRCARGO, INC. ACCRUAL BASIS-2 - --------------------------------------- - --------------------------------------- CASE NUMBER: 400-42142-BJH-11 02/13/95, RWD, 2/96 - ---------------------------------------
- --------------------------------------- INCOME STATEMENT AMENDED 3/20/01 - ---------------------------------------------------------------------------------------------------------------------------------- MONTH MONTH MONTH QUARTER ---------------------------------------------------------- REVENUES JANUARY, 2001 FEBRUARY, 2001 MARCH, 2001 TOTAL - ---------------------------------------------------------------------------------------------------------------------------------- 1. GROSS REVENUES $9,800,616 $9,712,499 $9,892,550 $29,405,665 - ---------------------------------------------------------------------------------------------------------------------------------- 2. LESS: RETURNS & DISCOUNTS $0 $0 $0 $0 - ---------------------------------------------------------------------------------------------------------------------------------- 3. NET REVENUE $9,800,616 $9,712,499 $9,892,550 $29,405,665 - ---------------------------------------------------------------------------------------------------------------------------------- COST OF GOODS SOLD - ---------------------------------------------------------------------------------------------------------------------------------- 4. MATERIAL $0 $0 $0 $0 - ---------------------------------------------------------------------------------------------------------------------------------- 5. TOTAL CASH $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 $9,712,499 $9,892,550 $29,405,665 - ---------------------------------------------------------------------------------------------------------------------------------- OPERATING EXPENSES - ---------------------------------------------------------------------------------------------------------------------------------- 9. OFFICER / INSIDER COMPENSATION $58,334 $58,334 $58,334 $175,002 - ---------------------------------------------------------------------------------------------------------------------------------- 10. SELLING & MARKETING $0 $0 $0 $0 - ---------------------------------------------------------------------------------------------------------------------------------- 11. GENERAL & ADMINISTRATIVE $1,095,685 $792,398 $625,812 $2,513,895 - ---------------------------------------------------------------------------------------------------------------------------------- 12. RENT & LEASE $2,510,052 $2,373,674 $2,182,491 $7,066,217 - ---------------------------------------------------------------------------------------------------------------------------------- 13. OTHER (ATTACH LIST) $12,863,148 $12,762,891 $11,728,077 $37,354,116 - ---------------------------------------------------------------------------------------------------------------------------------- 14. TOTAL OPERATING EXPENSES $16,527,219 $15,987,297 $14,594,714 $47,109,230 - ---------------------------------------------------------------------------------------------------------------------------------- 15. INCOME BEFORE NON-OPERATING INCOME & EXPENSE ($6,726,603) ($6,274,798) ($4,702,164) ($17,703,565) - ---------------------------------------------------------------------------------------------------------------------------------- OTHER INCOME & EXPENSES - ---------------------------------------------------------------------------------------------------------------------------------- 16. NON-OPERATING INCOME (ATT. LIST) ($1,968) ($2,049) ($1,722) ($5,739) - ---------------------------------------------------------------------------------------------------------------------------------- 17. NON-OPERATING EXPENSE (ATT. LIST) $0 $0 $0 $0 - ---------------------------------------------------------------------------------------------------------------------------------- 18. INTEREST EXPENSE $635,066 $589,710 $319,345 $1,544,121 - ---------------------------------------------------------------------------------------------------------------------------------- 19. DEPRECIATION / DEPLETION $116,821 $114,522 $112,371 $343,714 - ---------------------------------------------------------------------------------------------------------------------------------- 20. AMORTIZATION $0 $0 $0 $0 - ---------------------------------------------------------------------------------------------------------------------------------- 21. OTHER (ATTACH LIST) ($6,750,819) ($4,803,456) ($4,683,392) ($16,237,667) - ---------------------------------------------------------------------------------------------------------------------------------- 22. NET OTHER INCOME & EXPENSES ($6,000,900) ($4,101,273) ($4,253,398) ($14,355,571) - ---------------------------------------------------------------------------------------------------------------------------------- REORGANIZATION EXPENSES - ---------------------------------------------------------------------------------------------------------------------------------- 23. PROFESSIONAL FEES $0 $0 $0 $0 - ---------------------------------------------------------------------------------------------------------------------------------- 24. U.S. TRUSTEE FEES $0 $0 $250 $250 - ---------------------------------------------------------------------------------------------------------------------------------- 25. OTHER (ATTACH LIST) $0 $0 $0 $0 - ---------------------------------------------------------------------------------------------------------------------------------- 26. TOTAL REORGANIZATION EXPENSES $0 $0 $250 $250 - ---------------------------------------------------------------------------------------------------------------------------------- 27. INCOME TAX ($290,281) ($869,410) ($179,477) ($1,339,168) - ---------------------------------------------------------------------------------------------------------------------------------- 28. NET PROFIT (LOSS) ($435,422) ($1,304,115) ($269,539) ($2,009,076) - ----------------------------------------------------------------------------------------------------------------------------------
- -------------------------------------------------------------------------------- Monthly Operating Report - --------------------------------------- CASE NAME: KITTY HAWK AIRCARGO, INC. ACCRUAL BASIS-3 - --------------------------------------- - --------------------------------------- CASE NUMBER: 400-42142-BJH-11 02/13/95, RWD, 2/96 - ---------------------------------------
- --------------------------------------------------------------------------------------------------------------------------------- CASH RECEIPTS AND MONTH MONTH MONTH QUARTER --------------------------------------------------------- DISBURSEMENTS JANUARY, 2001 FEBRUARY, 2001 MARCH, 2001 TOTAL - --------------------------------------------------------------------------------------------------------------------------------- 1. CASH - BEGINNING OF MONTH $20,824 $20,924 $21,324 $20,824 - --------------------------------------------------------------------------------------------------------------------------------- RECEIPTS FROM OPERATIONS - --------------------------------------------------------------------------------------------------------------------------------- 2. CASH SALES $0 $0 $0 $0 - --------------------------------------------------------------------------------------------------------------------------------- COLLECTION OF ACCOUNTS RECEIVABLE - --------------------------------------------------------------------------------------------------------------------------------- 3. PREPETITION $0 $0 $0 $0 - --------------------------------------------------------------------------------------------------------------------------------- 4. TOTAL CASH $47,561,767 $14,932,727 $18,727,381 $81,221,875 - --------------------------------------------------------------------------------------------------------------------------------- 5. TOTAL OPERATING RECEIPTS $47,561,767 $14,932,727 $18,727,381 $81,221,875 - --------------------------------------------------------------------------------------------------------------------------------- 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) ($14,932,327) ($18,726,881) ($81,220,875) - --------------------------------------------------------------------------------------------------------------------------------- 9. TOTAL NON-OPERATING RECEIPTS ($47,561,667) ($14,932,327) ($18,726,881) ($81,220,875) - --------------------------------------------------------------------------------------------------------------------------------- 10. TOTAL RECEIPTS $100 $400 $500 $1,000 - --------------------------------------------------------------------------------------------------------------------------------- 11. TOTAL CASH AVAILABLE $20,924 $21,324 $21,824 $21,824 - --------------------------------------------------------------------------------------------------------------------------------- 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 $400 $500 $1,000 - --------------------------------------------------------------------------------------------------------------------------------- 33. CASH - END OF MONTH $20,924 $21,324 $21,824 $21,824 - ---------------------------------------------------------------------------------------------------------------------------------
- -------------------------------------------------------------------------------- Monthly Operating Report - ---------------------------------------- CASE NAME: KITTY HAWK AIRCARGO, INC. ACCRUAL BASIS-4 - ---------------------------------------- - ---------------------------------------- CASE NUMBER: 400-42142-BJH-11 02/13/95, RWD, 2/96 - ----------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------- SCHEDULE MONTH MONTH MONTH -------------------------------------------------------- ACCOUNTS RECEIVABLE AGING AMOUNT JANUARY, 2001 FEBRUARY, 2001 MARCH, 2001 - ------------------------------------------------------------------------------------------------------------------------------- 1. 0-30 $27,808,237 $23,056,502 $20,248,367 $13,271,067 - ------------------------------------------------------------------------------------------------------------------------------- 2. 31-60 $648,873 $329,211 $708,316 $1,210,926 - ------------------------------------------------------------------------------------------------------------------------------- 3. 61-90 $923,454 $46,815 ($11,432) $690,471 - ------------------------------------------------------------------------------------------------------------------------------- 4. 91+ ($77,519) $1,377,605 $1,399,596 $1,380,945 - ------------------------------------------------------------------------------------------------------------------------------- 5. TOTAL ACCOUNTS RECEIVABLE $29,303,045 $24,810,133 $22,344,847 $16,553,409 - ------------------------------------------------------------------------------------------------------------------------------- 6. TOTAL CASH - ------------------------------------------------------------------------------------------------------------------------------- 7. ACCOUNTS RECEIVABLE (NET) $29,303,045 $24,810,133 $22,344,847 $16,553,409 - -------------------------------------------------------------------------------------------------------------------------------
- ---------------------------------------------------------------------------------------------- AGING OF POSTPETITION TAXES AND PAYABLES MONTH: MARCH, 2001 ------------------ - ------------------------------------------------------------------------------------------------------------------------------- 0-30 31-60 61-90 91+ TAXES PAYABLE DAYS DAYS DAYS DAYS TOTAL - ------------------------------------------------------------------------------------------------------------------------------- 1. FEDERAL $0 $0 $0 $0 $0 - ------------------------------------------------------------------------------------------------------------------------------- 2. STATE $31,000 $0 $0 $0 $31,000 - ------------------------------------------------------------------------------------------------------------------------------- 3. LOCAL $0 $0 $0 $0 - ------------------------------------------------------------------------------------------------------------------------------- 4. OTHER (ATTACH LIST) $0 $0 $0 $0 - ------------------------------------------------------------------------------------------------------------------------------- 5. TOTAL TAXES PAYABLE $31,000 $0 $0 $0 $31,000 - ------------------------------------------------------------------------------------------------------------------------------- - ------------------------------------------------------------------------------------------------------------------------------- 6. ACCOUNTS PAYABLE $766,446 $168,574 $8,171 $849,159 $1,792,350 - -------------------------------------------------------------------------------------------------------------------------------
- ----------------------------------------- STATUS OF POSTPETITION TAXES MONTH: MARCH, 2001 ------------------- - ----------------------------------------- - --------------------------------------------------------------------------------------------------------------------------------- BEGINNING AMOUNT ENDING TAX WITHHELD AND/ AMOUNT TAX FEDERAL LIABILITY* 0R ACCRUED PAID LIABILITY - --------------------------------------------------------------------------------------------------------------------------------- 1. WITHHOLDING** $0 $1,361,022 $1,361,022 $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 $1,361,022 $1,361,022 $0 - --------------------------------------------------------------------------------------------------------------------------------- STATE AND LOCAL - --------------------------------------------------------------------------------------------------------------------------------- 8. WITHHOLDING $0 $0 - --------------------------------------------------------------------------------------------------------------------------------- 9. SALES $0 $0 - --------------------------------------------------------------------------------------------------------------------------------- 10. EXCISE $32,000 $31,000 $32,000 $31,000 - --------------------------------------------------------------------------------------------------------------------------------- 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 $32,000 $31,000 $32,000 $31,000 - --------------------------------------------------------------------------------------------------------------------------------- 16. TOTAL TAXES $32,000 $1,392,022 $1,393,022 $31,000 - ---------------------------------------------------------------------------------------------------------------------------------
* 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.
TOTAL CASH MONTH: MARCH, 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 $21,824 - ----------------------------------------------------------------------------------------------------------------------------- 13. TOTAL CASH - END OF MONTH $21,824 - -----------------------------------------------------------------------------------------------------------------------------
- -------------------------------------------------------------------------------- Monthly Operating Report - -------------------------------------------- CASE NAME: KITTY HAWK AIRCARGO, INC. ACCRUAL BASIS-6 - -------------------------------------------- - -------------------------------------------- CASE NUMBER: 400-42142-BJH-11 02/13/95, RWD, 2/96 - -------------------------------------------- MONTH: MARCH, 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 COMPENSTOTAL CASH (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 $217,916 - -------------------------------------------------------------------------------------------------------- 2. Donny Scott Salary $26,667 $171,666 - -------------------------------------------------------------------------------------------------------- 3. Susan Hawley Salary $0 $41,667 - -------------------------------------------------------------------------------------------------------- 4. - -------------------------------------------------------------------------------------------------------- 5. - -------------------------------------------------------------------------------------------------------- 6. TOTAL PAYMENTS TO INSIDERS $58,334 $431,249 - --------------------------------------------------------------------------------------------------------
- ----------------------------------------------------------------------------------------------------------------------------------- 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. COAST BUSINESS $262,000 $262,000 $0 - ---------------------------------------------------------------------------------------------------------------------------- 2. PEGASUS $403,000 $403,000 $0 - ---------------------------------------------------------------------------------------------------------------------------- 3. PROVIDENT $125,000 $125,000 $0 - ---------------------------------------------------------------------------------------------------------------------------- 4. REPUBLIC $146,299 $146,299 $0 - ---------------------------------------------------------------------------------------------------------------------------- 5. WREN EQUIPMENT $115,000 $115,000 $0 - ---------------------------------------------------------------------------------------------------------------------------- 6. TOTAL $1,051,299 $1,051,299 $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: MARCH, 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. TOTAL CASH 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) 1: Write-Off LHI on N901RF & N902RF for Net Loss of $51,690 - ---------------------------------------------------------------------------------------------------------------------------------- b) 4: Payments made to Flight Safety Boeing Training & Fort Wayne Allen County Airport, in accordance with BR Court Order - ---------------------------------------------------------------------------------------------------------------------------------- - ------------------------ 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 MARCH, 2001 ACCRUAL BASIS-1 8. OTHER (ATTACH LIST) $ (30,356,911) Reported -------------- Intercompany Receivables (34,872,207) 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 642,440 Intangible - Mather 102,393 -------------- TOTAL CASH (30,356,911) Detail -------------- - Difference 14. OTHER (ATTACH LIST) $ 2,321,000 Reported -------------- Deposits - Aircraft Leases 2,321,000 Intangible - ATAZ STC 0 -------------- 2,321,000 Detail -------------- - Difference 22. OTHER (ATTACH LIST) $ 4,555,798 Reported -------------- Accrued A/P 3,238,166 Deposit held for ATAZ sale 0 Accrued Salaries & Wages 1,588,643 Accrued 401K & Misc PR Deductions 127,110 Accrued PR Taxes (FICA) 108,374 Accrued Fuel Exp 4,149,160 Accrued Interest 762,511 Accrued Maintenance Reserves 1,315,354 Accrued Fed Income Tax (Post) (6,733,520) -------------- 4,555,798 Detail -------------- - Difference 27. OTHER (ATTACH LIST) $ 20,009,310 Reported -------------- Accrued A/P 5,356,657 Accrued Maintenance Reserves 10,267,512 Accrued Fed Income Tax (Pre) 3,332,363 Accrued Taxes - Other 444 FINOVA Equip Accrued 336,834 Pegasus Lease Incentive 715,500 -------------- 20,009,310 Detail -------------- - Difference CASE NAME: KITTY HAWK AIRCARGO, INC. CASE NUMBER: 400-42142-BJH-11 Details of Other Items MARCH, 2001 ACCRUAL BASIS-2 13. OTHER (ATTACH LIST) $11,728,077 Reported --------------- Aircraft Expense 2,241,535 Maintenance 3,221,963 Fuel 361,053 Ops Wages 3,200,643 Ops Wages-Grnd 380,628 Ground Handling 716,361 Other Operating Exp 1,605,894 --------------- 11,728,077 Detail --------------- - Difference 16 NON OPERATING INCOME (ATT. LIST) ($1,722) Reported --------------- Non-Op Income (1,722) Detail --------------- - Difference 17 NON OPERATING EXPENSE (ATT. LIST) $0 Reported --------------- Non-Op Expense - Detail --------------- - Difference 21 OTHER (ATTACH LIST) ($4,683,392) Reported --------------- (Gain)/Loss on Sale of Assets 51,690 Credit for Allocation of A/C Costs to KH I/C (4,735,082) --------------- (4,683,392) Detail --------------- - Difference ACCRUAL BASIS-3 8. OTHER (ATTACH LIST) (18,726,881) Reported --------------- Transfer to Inc - all money sweeps (18,726,881) 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: MARCH, 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. - -------------------------------------------------------------------------------------------------------------------------------- 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. - -------------------------------------------------------------------------------------------------------------------------------- - -------------------------------------------------------------------------------------------------------------------------------- 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 dex993.txt MONTHLY OPERATING REPORT KITTY HAWK CHARTERS 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: MARCH 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 4/20/01 - --------------------------------------- ----------------------- PRINTED NAME OF RESPONSIBLE PARTY DATE PREPARER: /s/ Jessica L. Wilson Chief Accounting Officer - --------------------------------------- ----------------------- ORIGINAL SIGNATURE OF PREPARER TITLE Jessica L. Wilson 4/20/01 - --------------------------------------- ----------------------- PRINTED NAME OF PREPARER DATE - ------------------------------------------------------------------------------- Monthly Operating Report CASE NAME: Kitty Hawk Charters, Inc. ACCRUAL BASIS-1 - -------------------------------------- CASE NUMBER: 400-42143-BJH 02/13/95, RWD, 2/96 - -------------------------------------- - ------------------------- COMPARATIVE BALANCE SHEET - --------------------------------------------------------------------------------------------------------- MONTH MONTH MONTH SCHEDULE -------------------------------------------------- ASSETS AMOUNT January 2001 February 2001 March 2001 - --------------------------------------------------------------------------------------------------------- 1. UNRESTRICTED CASH $15,476 $41,484 $105,697 $57,415 - --------------------------------------------------------------------------------------------------------- 2. RESTRICTED CASH $0 $0 - --------------------------------------------------------------------------------------------------------- 3. TOTAL CASH $15,476 $41,484 $105,697 $57,415 - --------------------------------------------------------------------------------------------------------- 4. ACCOUNTS RECEIVABLE (NET) $13,356,789 $3,303,684 $2,886,626 $2,858,033 - --------------------------------------------------------------------------------------------------------- 5. INVENTORY $4,716,172 $4,647,767 $4,634,567 - --------------------------------------------------------------------------------------------------------- 6. NOTES RECEIVABLE $0 $0 $0 - --------------------------------------------------------------------------------------------------------- 7. PREPAID EXPENSES $242,964 $163,404 $202,217 - --------------------------------------------------------------------------------------------------------- 8. OTHER (ATTACH LIST) $37,290,970 $49,413,378 $49,806,264 $49,856,859 - --------------------------------------------------------------------------------------------------------- 9. TOTAL CURRENT ASSETS $50,663,235 $57,717,682 $57,609,758 $57,609,091 - --------------------------------------------------------------------------------------------------------- 10. PROPERTY, PLANT & EQUIPMENT $17,083,867 $16,843,061 $16,843,061 $16,843,061 - --------------------------------------------------------------------------------------------------------- 11. LESS: ACCUMULATED DEPRECIATION / DEPLETION $7,285,387 $7,468,985 $7,647,205 - --------------------------------------------------------------------------------------------------------- 12. NET PROPERTY, PLANT & EQUIPMENT $17,083,867 $9,557,674 $9,374,076 $9,195,856 - --------------------------------------------------------------------------------------------------------- 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 $66,983,834 $66,804,947 - --------------------------------------------------------------------------------------------------------- POSTPETITION LIABILITIES - --------------------------------------------------------------------------------------------------------- 17. ACCOUNTS PAYABLE $248,829 $289,606 $312,122 - --------------------------------------------------------------------------------------------------------- 18. TAXES PAYABLE ($820,669) ($918,266) ($1,052,117) - --------------------------------------------------------------------------------------------------------- 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 $1,465,544 $1,587,191 - --------------------------------------------------------------------------------------------------------- 23. TOTAL POSTPETITION LIABILITIES $969,940 $836,884 $847,196 - --------------------------------------------------------------------------------------------------------- PREPETITION LIABILITIES - --------------------------------------------------------------------------------------------------------- 24. SECURED DEBT $152,776 $67,567 $56,529 $45,403 - --------------------------------------------------------------------------------------------------------- 25. PRIORITY DEBT $380,384 $0 $0 $0 - --------------------------------------------------------------------------------------------------------- 26. UNSECURED DEBT $10,596,326 $18,176,267 $18,173,450 $18,171,879 - --------------------------------------------------------------------------------------------------------- 27. OTHER (ATTACH LIST) $0 $0 $0 - --------------------------------------------------------------------------------------------------------- 28. TOTAL PREPETITION LIABILITIES $11,129,486 $18,243,834 $18,229,979 $18,217,282 - --------------------------------------------------------------------------------------------------------- 29. TOTAL LIABILITIES $11,129,486 $19,213,774 $19,066,863 $19,064,478 - --------------------------------------------------------------------------------------------------------- EQUITY - --------------------------------------------------------------------------------------------------------- 30. PREPETITION OWNERS' EQUITY $49,811,125 $49,811,125 $49,811,125 - --------------------------------------------------------------------------------------------------------- 31. POSTPETITION CUMULATIVE PROFIT OR (LOSS) ($1,749,543) ($1,894,154) ($2,070,656) - --------------------------------------------------------------------------------------------------------- 32. DIRECT CHARGES TO EQUITY (ATTACH EXPLANATION) - --------------------------------------------------------------------------------------------------------- 33. TOTAL EQUITY $0 $48,061,582 $47,916,971 $47,740,469 - --------------------------------------------------------------------------------------------------------- 34. TOTAL LIABILITIES & OWNERS' EQUITY $11,129,486 $67,275,356 $66,983,834 $66,804,947 - ---------------------------------------------------------------------------------------------------------
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 February 2001 March 2001 TOTAL - --------------------------------------------------------------------------------------------------------- 1. GROSS REVENUES $1,303,182 $1,193,073 $1,616,007 $4,112,262 - --------------------------------------------------------------------------------------------------------- 2. LESS: RETURNS & DISCOUNTS $0 $0 $0 $0 - --------------------------------------------------------------------------------------------------------- 3. NET REVENUE $1,303,182 $1,193,073 $1,616,007 $4,112,262 - --------------------------------------------------------------------------------------------------------- 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 $1,193,073 $1,616,007 $4,112,262 - --------------------------------------------------------------------------------------------------------- OPERATING EXPENSES - --------------------------------------------------------------------------------------------------------- 9. OFFICER/INSIDER COMPENSATION $10,000 $10,000 $10,000 $30,000 - --------------------------------------------------------------------------------------------------------- 10. SELLING & MARKETING $0 $0 $0 $0 - --------------------------------------------------------------------------------------------------------- 11. GENERAL & ADMINISTRATIVE $64,290 $58,356 $113,053 $235,699 - --------------------------------------------------------------------------------------------------------- 12. RENT & LEASE $3,425 $1,915 $33,663 $39,003 - --------------------------------------------------------------------------------------------------------- 13. OTHER (ATTACH LIST) $1,296,734 $1,166,589 $1,606,008 $4,069,331 - --------------------------------------------------------------------------------------------------------- 14. TOTAL OPERATING EXPENSES $1,374,449 $1,236,860 $1,762,724 $4,374,033 - --------------------------------------------------------------------------------------------------------- 15. INCOME BEFORE NON-OPERATING INCOME & EXPENSE ($71,267) ($43,787) ($146,717) ($261,771) - --------------------------------------------------------------------------------------------------------- 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 $540 $452 $2,335 - --------------------------------------------------------------------------------------------------------- 19. DEPRECIATION / DEPLETION $175,669 $183,599 $178,223 $537,491 - --------------------------------------------------------------------------------------------------------- 20. AMORTIZATION $0 $0 $0 $0 - --------------------------------------------------------------------------------------------------------- 21. OTHER (ATTACH LIST) $0 $0 $0 $0 - --------------------------------------------------------------------------------------------------------- 22. NET OTHER INCOME & EXPENSES $177,012 $184,139 $178,675 $539,826 - --------------------------------------------------------------------------------------------------------- REORGANIZATION EXPENSES - --------------------------------------------------------------------------------------------------------- 23. PROFESSIONAL FEES $0 $0 $0 $0 - --------------------------------------------------------------------------------------------------------- 24. U.S. TRUSTEE FEES $0 $0 $250 $250 - --------------------------------------------------------------------------------------------------------- 25. OTHER (ATTACH LIST) $0 $0 $0 $0 - --------------------------------------------------------------------------------------------------------- 26. TOTAL REORGANIZATION EXPENSES $0 $0 $250 $250 - --------------------------------------------------------------------------------------------------------- 27. INCOME TAX ($74,102) ($83,315) ($149,140) ($306,557) - --------------------------------------------------------------------------------------------------------- 28. NET PROFIT (LOSS) ($174,177) ($144,611) ($176,502) ($495,290) - ---------------------------------------------------------------------------------------------------------
Monthly Operating Report CASE NAME: Kitty Hawk Charters, Inc. ACCRUAL BASIS-3 - -------------------------------------- CASE NUMBER: 400-42143-BJH 02/13/95, RWD, 2/96 - -------------------------------------- - --------------------------------------------------------------------------------------------------------- CASH RECEIPTS AND MONTH MONTH MONTH QUARTER DISBURSEMENTS January 2001 February 2001 March 2001 TOTAL - --------------------------------------------------------------------------------------------------------- 1. CASH - BEGINNING OF MONTH $ 23,477 $ 41,484 $ 105,697 $ 23,477 - --------------------------------------------------------------------------------------------------------- RECEIPTS FROM OPERATIONS - --------------------------------------------------------------------------------------------------------- 2. CASH SALES $ 50 $ 1,918 $ 6,517 $ 8,485 - --------------------------------------------------------------------------------------------------------- COLLECTION OF ACCOUNTS RECEIVABLE - --------------------------------------------------------------------------------------------------------- 3. PREPETITION $ 0 $ 0 $ 0 $ 0 - --------------------------------------------------------------------------------------------------------- 4. POSTPETITION $ 2,119,654 $ 1,620,026 $ 1,566,847 $ 5,306,527 - --------------------------------------------------------------------------------------------------------- 5. TOTAL OPERATING RECEIPTS $ 2,119,704 $ 1,621,944 $ 1,573,364 $ 5,315,012 - --------------------------------------------------------------------------------------------------------- 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) $(1,557,731) $(1,621,646) $(5,281,074) - --------------------------------------------------------------------------------------------------------- 9. TOTAL NON-OPERATING RECEIPTS $(2,101,697) $(1,557,731) $(1,621,646) $(5,281,074) - --------------------------------------------------------------------------------------------------------- 10. TOTAL RECEIPTS $ 18,007 $ 64,213 $ (48,282) $ 33,938 - --------------------------------------------------------------------------------------------------------- 11. TOTAL CASH AVAILABLE $ 41,484 $ 105,697 $ 57,415 $ 57,415 - --------------------------------------------------------------------------------------------------------- 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 $ 64,213 $ (48,282) $ 33,938 - --------------------------------------------------------------------------------------------------------- 33. CASH - END OF MONTH $ 41,484 $ 105,697 $ 57,415 $ 57,415 - ---------------------------------------------------------------------------------------------------------
Monthly Operating Report CASE NAME: Kitty Hawk Charters, Inc. ACCRUAL BASIS-4 - -------------------------------------- CASE NUMBER: 400-42143-BJH 02/13/95, RWD, 2/96 - -------------------------------------- - --------------------------------------------------------------------------------------------------------------------------------- SCHEDULE MONTH MONTH MONTH ------------------------------------------------- ACCOUNTS RECEIVABLE AGING AMOUNT January 2001 February 2001 March 2001 - --------------------------------------------------------------------------------------------------------------------------------- 1. 0-30 $ 824,279 $ 1,255,360 $ 912,888 - --------------------------------------------------------------------------------------------------------------------------------- 2. 31-60 $ 948,070 $ 490,107 $ 873,598 - --------------------------------------------------------------------------------------------------------------------------------- 3. 61-90 $ 333,026 $ 145,181 $ 110,447 - --------------------------------------------------------------------------------------------------------------------------------- 4. 91+ $ 1,198,309 $ 995,978 $ 961,100 - --------------------------------------------------------------------------------------------------------------------------------- 5. TOTAL ACCOUNTS RECEIVABLE $ 0 $ 3,303,684 $ 2,886,626 $ 2,858,033 - --------------------------------------------------------------------------------------------------------------------------------- 6. AMOUNT CONSIDERED UNCOLLECTIBLE $ 0 $ 0 $ 0 - --------------------------------------------------------------------------------------------------------------------------------- 7. ACCOUNTS RECEIVABLE (NET) $ 0 $ 3,303,684 $ 2,886,626 $ 2,858,033 - --------------------------------------------------------------------------------------------------------------------------------- - ---------------------------------------------------------------- AGING OF POSTPETITION TAXES AND PAYABLES MONTH: March 2001 ------------------------------------------ - --------------------------------------------------------------------------------------------------------------------------------- 0-30 31-60 61-90 91+ TAXES PAYABLE DAYS DAYS DAYS DAYS TOTAL - --------------------------------------------------------------------------------------------------------------------------------- 1. FEDERAL $ (1,068,134) $ 0 $ 0 $ 0 $ (1,068,134) - --------------------------------------------------------------------------------------------------------------------------------- 2. STATE $ 16,017 $ 0 $ 0 $ 0 $ 16,017 - --------------------------------------------------------------------------------------------------------------------------------- 3. LOCAL $ 0 $ 0 $ 0 $ 0 $ 0 - --------------------------------------------------------------------------------------------------------------------------------- 4. OTHER (ATTACH LIST) $ 0 $ 0 $ 0 $ 0 $ 0 - --------------------------------------------------------------------------------------------------------------------------------- 5. TOTAL TAXES PAYABLE $ (1,052,117) $ 0 $ 0 $ 0 $ (1,052,117) - --------------------------------------------------------------------------------------------------------------------------------- - --------------------------------------------------------------------------------------------------------------------------------- 6. ACCOUNTS PAYABLE $ 116,026 $ 25,222 $ 1,424 $ 169,450 $ 312,122 - --------------------------------------------------------------------------------------------------------------------------------- - --------------------------------------------------------- STATUS OF POSTPETITION TAXES MONTH: March 2001 ------------------------------------------ - --------------------------------------------------------------------------------------------------------------------------------- BEGINNING AMOUNT ENDING TAX WITHHELD AND/ AMOUNT TAX FEDERAL LIABILITY* 0R ACCRUED PAID LIABILITY - --------------------------------------------------------------------------------------------------------------------------------- 1. WITHHOLDING** $ 0 $ 168,043 $ 168,043 $ 0 - --------------------------------------------------------------------------------------------------------------------------------- 2. FICA-EMPLOYEE** $ 0 $ 0 $ 0 $ 0 - --------------------------------------------------------------------------------------------------------------------------------- 3. FICA-EMPLOYER** $ 0 $ 0 $ 0 $ 0 - --------------------------------------------------------------------------------------------------------------------------------- 4. UNEMPLOYMENT $ 0 $ 0 $ 0 $ 0 - --------------------------------------------------------------------------------------------------------------------------------- 5. INCOME $ (918,894) $ (149,240) $ 0 $ (1,068,134) - --------------------------------------------------------------------------------------------------------------------------------- 6. OTHER (ATTACH LIST) $ 0 $ 0 $ 0 $ 0 - --------------------------------------------------------------------------------------------------------------------------------- 7. TOTAL FEDERAL TAXES $ (918,894) $ 18,803 $ 168,043 $ (1,068,134) - --------------------------------------------------------------------------------------------------------------------------------- STATE AND LOCAL - --------------------------------------------------------------------------------------------------------------------------------- 8. WITHHOLDING $ 0 $ 0 $ 0 $ 0 - --------------------------------------------------------------------------------------------------------------------------------- 9. SALES $ 323 $ 0 $ 0 $ 323 - --------------------------------------------------------------------------------------------------------------------------------- 10. EXCISE $ 305 $ 15,389 $ 0 $ 15,694 - --------------------------------------------------------------------------------------------------------------------------------- 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 $ 628 $ 15,389 $ 0 $ 16,017 - --------------------------------------------------------------------------------------------------------------------------------- 16. TOTAL TAXES $ (918,266) $ 34,192 $ 168,043 $ (1,052,117) - --------------------------------------------------------------------------------------------------------------------------------- * 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: March 2001 ------------------------------------------ BANK RECONCILIATIONS Account #1 Account #2 Account #3 - ------------------------------------------------------------------------------------------------------------- A. BANK: Bank One Sun Trust - ------------------------------------------------------------------------------------------------ B. ACCOUNT NUMBER: 100128198 5572932 TOTAL - ------------------------------------------------------------------------------------------------ C. PURPOSE (TYPE): Deposit Operating - ------------------------------------------------------------------------------------------------------------- 1. BALANCE PER BANK STATEMENT $ 0 $ 23,810 $23,810 - ------------------------------------------------------------------------------------------------------------- 2. ADD: TOTAL DEPOSITS NOT CREDITED $ 0 $ 0 $ 0 - ------------------------------------------------------------------------------------------------------------- 3. SUBTRACT: OUTSTANDING CHECKS $ 0 $ 0 $ 0 - ------------------------------------------------------------------------------------------------------------- 4. OTHER RECONCILING ITEMS $ 18,222 $ 0 $18,222 - ------------------------------------------------------------------------------------------------------------- 5. MONTH END BALANCE PER BOOKS $ 18,222 $ 23,810 $ 0 $42,032 - ------------------------------------------------------------------------------------------------------------- 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 $57,415 - -------------------------------------------------------------------------------------------------------------
Monthly Operating Report CASE NAME: Kitty Hawk Charters, Inc. ACCRUAL BASIS-6 - -------------------------------------- CASE NUMBER: 400-42143-BJH 02/13/95, RWD, 2/96 - -------------------------------------- MONTH: March 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 $120,000 - ---------------------------------------------------------------------------------------------------- 3. N/A - ---------------------------------------------------------------------------------------------------- 4. N/A - ---------------------------------------------------------------------------------------------------- 5. N/A - ---------------------------------------------------------------------------------------------------- 6. TOTAL PAYMENTS TO INSIDERS $10,000 $124,808 - ---------------------------------------------------------------------------------------------------- - ---------------------------------------------------------------------------------------------------- PROFESSIONALS - ---------------------------------------------------------------------------------------------------- DATE OF COURT TOTAL ORDER AUTHORIZING AMOUNT AMOUNT TOTAL PAID INCURRED NAME PAYMENT APPROVED PAID TO DATE & UNPAID* - ------------------------------------------------------------------------------------------------------------------------- 1. N/A - ------------------------------------------------------------------------------------------------------------------------- 2. N/A - ------------------------------------------------------------------------------------------------------------------------- 3. N/A - ------------------------------------------------------------------------------------------------------------------------- 4. N/A - ------------------------------------------------------------------------------------------------------------------------- 5. N/A - ------------------------------------------------------------------------------------------------------------------------- 6. TOTAL PAYMENTS TO PROFESSIONALS $ 0 $ 0 $ 0 $ 0 - ------------------------------------------------------------------------------------------------------------------------- * INCLUDE ALL FEES INCURRED, BOTH APPROVED AND UNAPPROVED - ---------------------------------------------------------------------------------------- POSTPETITION STATUS OF SECURED NOTES, LEASES PAYABLE AND ADEQUATE PROTECTION PAYMENTS - ---------------------------------------------------------------------------------------- - ---------------------------------------------------------------------------------------- SCHEDULED AMOUNTS MONTHLY PAID TOTAL PAYMENTS DURING UNPAID NAME OF CREDITOR DUE MONTH POSTPETITION - ---------------------------------------------------------------------------------------- 1. GE Capital $11,579 $ 11,579 $0 - ---------------------------------------------------------------------------------------- 2. N/A - ---------------------------------------------------------------------------------------- 3. N/A - ---------------------------------------------------------------------------------------- 4. N/A - ---------------------------------------------------------------------------------------- 5. N/A - ---------------------------------------------------------------------------------------- 6. TOTAL $11,579 $ 11,579 $0 - ----------------------------------------------------------------------------------------
Monthly Operating Report CASE NAME: Kitty Hawk Charters, Inc. ACCRUAL BASIS-7 - -------------------------------------- CASE NUMBER: 400-42143-BJH 02/13/95, RWD, 2/96 - -------------------------------------- MONTH: March 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. - ---------------------------------------------------------------------------------------------------------- Additionally, landing and parking fees at Fort Wayne, IN were paid in connection - ---------------------------------------------------------------------------------------------------------- with the assumption of the lease. - ---------------------------------------------------------------------------------------------------------- - ---------------------- INSURANCE - ---------------------------------------------------------------------------------------------------------- YES NO - ---------------------------------------------------------------------------------------------------------- 1. ARE WORKER'S COMPENSATION, GENERAL LIABILITY AND OTHER NECESSARY INSURANCE COVERAGES IN EFFECT? X - ---------------------------------------------------------------------------------------------------------- 2. ARE ALL PREMIUM PAYMENTS PAID CURRENT? X - ---------------------------------------------------------------------------------------------------------- 3. PLEASE ITEMIZE POLICIES BELOW. - ---------------------------------------------------------------------------------------------------------- IF THE ANSWER TO ANY OF THE ABOVE QUESTIONS IS "NO," OR IF ANY POLICIES HAVE BEEN CANCELLED OR NOT RENEWED DURING THIS REPORTING PERIOD, PROVIDE AN EXPLANATION BELOW. ATTACH ADDITIONAL SHEETS IF NECESSARY. - ---------------------------------------------------------------------------------------------------------- - ---------------------------------------------------------------------------------------------------------- - ---------------------------------------------------------------------------------------------------------- INSTALLMENT PAYMENTS - ---------------------------------------------------------------------------------------------------------- TYPE OF PAYMENT AMOUNT POLICY CARRIER PERIOD COVERED & FREQUENCY - ---------------------------------------------------------------------------------------------------------- See Kitty Hawk, Inc. Case #400-42141 - ---------------------------------------------------------------------------------------------------------- - ---------------------------------------------------------------------------------------------------------- - ---------------------------------------------------------------------------------------------------------- - ---------------------------------------------------------------------------------------------------------- - ---------------------------------------------------------------------------------------------------------- - ----------------------------------------------------------------------------------------------------------
CASE NAME: Kitty Hawk Charters, Inc. FOOTNOTES SUPPLEMENT - ------------------------------------------ CASE NUMBER: 400-42143-BJH ACCRUAL BASIS - ------------------------------------------ MONTH: March 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) - -------------------------------------------------------------------------------------------------------- - --------------------------------------------------------------------------------------------------------
CASE NAME: Kitty Hawk Charters, Inc. CASE NUMBER: 400-42143 Details of Other Items ACCRUAL BASIS-1 March 2001 8. OTHER (ATTACH LIST) $49,856,859 Reported ----------- Intercompany Receivables 49,231,652 A/R 401(k) Loan (1,925) A/R Employees 4,676 A/R Clothing Sales 29,226 A/R Other 267,277 A/R Aging reconciling item 156,114 A/R Accrued 6,672 Fuel Inventory 7,094 Security Deposit 156,073 ----------- 49,856,859 Detail ----------- - Difference 22. OTHER (ATTACH LIST) $ 1,587,191 Reported ----------- Customer Deposits 37,978 Accrued charter expenses 688,317 Accrued Salaries/Wages 258,972 Accrued 401(k) - A/P Aging reconciling item 7,592 Misc 26,454 Accrued Fuel 567,878 ----------- 1,587,191 Detail ----------- - Difference ACCRUAL BASIS-2 13. OTHER (ATTACH LIST) $ 1,606,008 Reported ----------- Ondemand costs 278,892 135 Airline charter costs 18,355 Parts Lease - Fuel 456,086 Wages 619,148 Travel expense 24,217 Insurance 46,428 Rotables/Repair/Consumables 136,027 Shipping 6,904 Charts (3,975) Pre-emp testing 85 Shop materials/equip rental 22,561 Maintenance allocation 1,280 ----------- 1,606,008 Detail ----------- - Difference ACCRUAL BASIS-3 8. OTHER (ATTACH LIST) (1,621,646) Reported ----------- Credit card charges (2,133) Deposit for asset sale 37,978 Deposit charge backs (8,604) Sweeps to Kitty Hawk, Inc. (1,648,887) Detail ----------- (1,621,646) Detail ----------- - Difference EX-99.4 5 dex994.txt MONTHLY OPERATING REPORT KITTY HAWK INTERNATIONAL Exhibit 99.4 - -------------------------------------------------------------------------------- Monthly Operating Report ACCRUAL BASIS CASE NAME: Kitty Hawk International, Inc. - --------------------------------------------- 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: MARCH 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 4/20/01 - --------------------------------------- ------------------------------- PRINTED NAME OF RESPONSIBLE PARTY DATE PREPARER: /s/ Jessica L. Wilson Chief Accounting Officer - --------------------------------------- ------------------------------- ORIGINAL SIGNATURE OF PREPARER TITLE Jessica L. Wilson 4/20/01 - --------------------------------------- ------------------------------- PRINTED NAME OF PREPARER DATE - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- Monthly Operating Report - -------------------------------------------------- CASE NAME: Kitty Hawk International, Inc. ACCRUAL BASIS-1 - -------------------------------------------------- - -------------------------------------------------- - -------------------------------------------------- CASE NUMBER: 400-42144 02/13/95, RWD, 2/96 - --------------------------------------------------
- -------------------------------------------------- COMPARATIVE BALANCE SHEET - -------------------------------------------------- SCHEDULE MONTH MONTH MONTH -------------------------------------------- ASSETS AMOUNT January 2001 February 2001 March 2001 - --------------------------------------------------------------------------------------------------- 1. UNRESTRICTED CASH $40,098 $0 $0 $0 - --------------------------------------------------------------------------------------------------- 2. RESTRICTED CASH $18,200,875 $18,473,769 $21,212,408 - --------------------------------------------------------------------------------------------------- 3. TOTAL CASH $40,098 $18,200,875 $18,473,769 $21,212,408 - --------------------------------------------------------------------------------------------------- 4. ACCOUNTS RECEIVABLE (NET) $9,006,275 $7,355,289 $7,295,644 $7,277,070 - --------------------------------------------------------------------------------------------------- 5. INVENTORY $20,429,725 $0 $0 $0 - --------------------------------------------------------------------------------------------------- 6. NOTES RECEIVABLE $6,000,000 $6,000,000 $3,000,000 - --------------------------------------------------------------------------------------------------- 7. PREPAID EXPENSES $70,714 $254,570 $212,603 - --------------------------------------------------------------------------------------------------- 8. OTHER (ATTACH LIST) $21,367,511 ($352,832,051) ($353,252,999) ($353,442,373) - --------------------------------------------------------------------------------------------------- 9. TOTAL CURRENT ASSETS $50,843,609 ($321,205,173) ($321,229,016) ($321,740,292) - --------------------------------------------------------------------------------------------------- 10. PROPERTY, PLANT & EQUIPMENT $474,988,760 $520,767,098 $520,767,098 $520,767,098 - --------------------------------------------------------------------------------------------------- 11. LESS: ACCUMULATED DEPRECIATION / DEPLETION $439,236,027 $439,236,027 $439,236,027 - --------------------------------------------------------------------------------------------------- 12. NET PROPERTY, PLANT & EQUIPMENT $474,988,760 $81,531,071 $81,531,071 $81,531,071 - --------------------------------------------------------------------------------------------------- 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) ($239,697,945) ($240,209,221) - --------------------------------------------------------------------------------------------------- POSTPETITION LIABILITIES - --------------------------------------------------------------------------------------------------- 17. ACCOUNTS PAYABLE $76,028 $56,983 $64,334 - --------------------------------------------------------------------------------------------------- 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) ($148,766,054) ($149,102,249) - --------------------------------------------------------------------------------------------------- 23. TOTAL POSTPETITION LIABILITIES ($148,703,517) ($148,709,071) ($149,037,915) - --------------------------------------------------------------------------------------------------- PREPETITION LIABILITIES - --------------------------------------------------------------------------------------------------- 24. SECURED DEBT $23,187,921 $22,251,961 $22,234,734 $22,218,291 - --------------------------------------------------------------------------------------------------- 25. PRIORITY DEBT $4,672,323 $0 $0 $0 - --------------------------------------------------------------------------------------------------- 26. UNSECURED DEBT $392,188,633 $17,760,068 $17,760,068 $17,609,757 - --------------------------------------------------------------------------------------------------- 27. OTHER (ATTACH LIST) $76,011,020 $76,011,020 $76,013,688 - --------------------------------------------------------------------------------------------------- 28. TOTAL PREPETITION LIABILITIES $420,048,877 $116,023,049 $116,005,822 $115,841,736 - --------------------------------------------------------------------------------------------------- 29. TOTAL LIABILITIES $420,048,877 ($32,680,468) ($32,703,249) ($33,196,179) - --------------------------------------------------------------------------------------------------- EQUITY - --------------------------------------------------------------------------------------------------- 30. PREPETITION OWNERS' EQUITY $16,327,446 $16,327,446 $16,327,446 - --------------------------------------------------------------------------------------------------- 31. POSTPETITION CUMULATIVE PROFIT OR (LOSS) ($223,321,080) ($223,322,142) ($223,340,488) - --------------------------------------------------------------------------------------------------- 32. DIRECT CHARGES TO EQUITY (ATTACH EXPLANATION) - --------------------------------------------------------------------------------------------------- 33. TOTAL EQUITY $0 ($206,993,634) ($206,994,696) ($207,013,042) - --------------------------------------------------------------------------------------------------- 34. TOTAL LIABILITIES & OWNERS' EQUITY $420,048,877 ($239,674,102) ($239,697,945) ($240,209,221) - ---------------------------------------------------------------------------------------------------
- -------------------------------------------------------------------------------- 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 February 2001 March 2001 TOTAL - ---------------------------------------------------------------------------------------------------------- 1. GROSS REVENUES $192,875 $187,500 $33,040 $413,415 - ---------------------------------------------------------------------------------------------------------- 2. LESS: RETURNS & DISCOUNTS $0 $0 $0 $0 - ---------------------------------------------------------------------------------------------------------- 3. NET REVENUE $192,875 $187,500 $33,040 $413,415 - ---------------------------------------------------------------------------------------------------------- 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 $187,500 $33,040 $413,415 - ---------------------------------------------------------------------------------------------------------- OPERATING EXPENSES - ---------------------------------------------------------------------------------------------------------- 9. OFFICER / INSIDER COMPENSATION $0 $0 $0 $0 - ---------------------------------------------------------------------------------------------------------- 10. SELLING & MARKETING $0 $0 $0 $0 - ---------------------------------------------------------------------------------------------------------- 11. GENERAL & ADMINISTRATIVE $47,090 $75,308 $930 $123,328 - ---------------------------------------------------------------------------------------------------------- 12. RENT & LEASE ($7,446) ($10,334) $34,523 $16,743 - ---------------------------------------------------------------------------------------------------------- 13. OTHER (ATTACH LIST) $0 $0 $0 $0 - ---------------------------------------------------------------------------------------------------------- 14. TOTAL OPERATING EXPENSES $39,644 $64,974 $35,453 $140,071 - ---------------------------------------------------------------------------------------------------------- 15. INCOME BEFORE NON-OPERATING INCOME & EXPENSE $153,231 $122,526 ($2,413) $273,344 - ---------------------------------------------------------------------------------------------------------- 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 $381 $290 $1,418 - ---------------------------------------------------------------------------------------------------------- 19. DEPRECIATION / DEPLETION $0 $0 $0 $0 - ---------------------------------------------------------------------------------------------------------- 20. AMORTIZATION $23,826 $7,942 $7,942 $39,710 - ---------------------------------------------------------------------------------------------------------- 21. OTHER (ATTACH LIST) ($93,196) ($81,584) ($71,468) ($246,248) - ---------------------------------------------------------------------------------------------------------- 22. NET OTHER INCOME & EXPENSES ($68,623) ($73,261) ($63,236) ($205,120) - ---------------------------------------------------------------------------------------------------------- REORGANIZATION EXPENSES - ---------------------------------------------------------------------------------------------------------- 23. PROFESSIONAL FEES $161,731 $197,558 $90,800 $450,089 - ---------------------------------------------------------------------------------------------------------- 24. U.S. TRUSTEE FEES $0 $0 $250 $250 - ---------------------------------------------------------------------------------------------------------- 25. OTHER (ATTACH LIST) $0 $0 $0 $0 - ---------------------------------------------------------------------------------------------------------- 26. TOTAL REORGANIZATION EXPENSES $161,731 $197,558 $91,050 $450,339 - ---------------------------------------------------------------------------------------------------------- 27. INCOME TAX $24,049 ($709) ($11,881) $11,459 - ---------------------------------------------------------------------------------------------------------- 28. NET PROFIT (LOSS) $36,074 ($1,062) ($18,346) $16,666 - ---------------------------------------------------------------------------------------------------------- ==========================================================================================================
- -------------------------------------------------------------------------------- Monthly Operating Report - -------------------------------------------------- CASE NAME: Kitty Hawk International, Inc. ACCRUAL BASIS-3 - -------------------------------------------------- - -------------------------------------------------- - -------------------------------------------------- CASE NUMBER: 400-42144 02/13/95, RWD, 2/96 - --------------------------------------------------
MONTH MONTH MONTH QUARTER CASH RECEIPTS AND --------------------------------------------------------------- DISBURSEMENTS January 2001 February 2001 March 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 $12,003 $5,000 $37,000 $54,003 - ------------------------------------------------------------------------------------------------------ 5. TOTAL OPERATING RECEIPTS $12,003 $5,000 $37,000 $54,003 - ------------------------------------------------------------------------------------------------------ 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) ($5,000) ($37,000) ($54,003) - ------------------------------------------------------------------------------------------------------ 9. TOTAL NON-OPERATING RECEIPTS ($12,003) ($5,000) ($37,000) ($54,003) - ------------------------------------------------------------------------------------------------------ 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 - --------------------------------------------------
SCHEDULE MONTH MONTH MONTH --------------------------------------------------------------------- ACCOUNTS RECEIVABLE AGING AMOUNT January 2001 February 2001 March 2001 - ------------------------------------------------------------------------------------------------------- 1. 0-30 $27,441 ($1,825) ($15,887) - ------------------------------------------------------------------------------------------------------- 2. 31-60 ($16,000) $0 ($1,825) - ------------------------------------------------------------------------------------------------------- 3. 61-90 $0 $0 $0 - ------------------------------------------------------------------------------------------------------- 4. 91+ $7,343,848 $7,297,469 $7,294,782 - ------------------------------------------------------------------------------------------------------- 5. TOTAL ACCOUNTS RECEIVABLE $0 $7,355,289 $7,295,644 $7,277,070 - ------------------------------------------------------------------------------------------------------- 6. AMOUNT CONSIDERED UNCOLLECTIBLE $0 $0 $0 - ------------------------------------------------------------------------------------------------------- 7. ACCOUNTS RECEIVABLE (NET) $0 $7,355,289 $7,295,644 $7,277,070 - -------------------------------------------------------------------------------------------------------
- ------------------------------------------------- AGING OF POSTPETITION TAXES AND PAYABLES MONTH: March 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 $32 $31 $0 $64,271 $64,334 - -------------------------------------------------------------------------------------------------------
- ------------------------------------------------- STATUS OF POSTPETITION TAXES MONTH: March 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: 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: March 2001 -------------------------------- - -------------------------------------------------- BANK RECONCILIATIONS Account #1 Account #2 Account #3 - ---------------------------------------------------------------------------------------------------------------- A. BANK: Bank One Bank One Bank One - ---------------------------------------------------------------------------------------------------------------- B. ACCOUNT NUMBER: 1559691322 1559691330 9320014690 TOTAL - ---------------------------------------------------------------------------------------------------------------- C. PURPOSE (TYPE): Deposit Payroll Health Insurance - ---------------------------------------------------------------------------------------------------------------- 1. BALANCE PER BANK STATEMENT $0 $0 $0 $0 - ---------------------------------------------------------------------------------------------------------------- 2. ADD: TOTAL DEPOSITS NOT CREDITED $0 $0 $0 $0 - ---------------------------------------------------------------------------------------------------------------- 3. SUBTRACT: OUTSTANDING CHECKS $0 $0 $0 $0 - ---------------------------------------------------------------------------------------------------------------- 4. OTHER RECONCILING ITEMS $0 $0 $0 $0 - ---------------------------------------------------------------------------------------------------------------- 5. MONTH END BALANCE PER BOOKS $0 $0 $0 $0 - ---------------------------------------------------------------------------------------------------------------- 6. NUMBER OF LAST CHECK WRITTEN N/A - Lockbox only No activity Account closed - ----------------------------------------------------------------------------------------------------------------
- -------------------------------------------------- INVESTMENT ACCOUNTS - -------------------------------------------------- DATE OF TYPE OF PURCHASE CURRENT BANK, ACCOUNT NAME & NUMBER PURCHASE INSTRUMENT PRICE VALUE - ---------------------------------------------------------------------------------------------------------------- 7. N/A - ---------------------------------------------------------------------------------------------------------------- 8. N/A - ---------------------------------------------------------------------------------------------------------------- 9. N/A - ---------------------------------------------------------------------------------------------------------------- 10. N/A - ---------------------------------------------------------------------------------------------------------------- 11. TOTAL INVESTMENTS $0 $0 - ----------------------------------------------------------------------------------------------------------------
- -------------------------------------------------- CASH - -------------------------------------------------- - ---------------------------------------------------------------------------------------------------------------- 12. CURRENCY ON HAND $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: March 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 $784 $0 - ------------------------------------------------------------------------------------------------------ 3. GE Capital varies $14,975 $0 - ------------------------------------------------------------------------------------------------------ 4. N/A $0 $0 - ------------------------------------------------------------------------------------------------------ 5. N/A $0 - ------------------------------------------------------------------------------------------------------ 6. TOTAL $1,639 $16,614 $0 - ------------------------------------------------------------------------------------------------------
- -------------------------------------------------------------------------------- Monthly Operating Report - -------------------------------------------------- CASE NAME: Kitty Hawk International, Inc. ACCRUAL BASIS-7 - -------------------------------------------------- - -------------------------------------------------- - -------------------------------------------------- CASE NUMBER: 400-42144 02/13/95, RWD, 2/96 - -------------------------------------------------- MONTH: March 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 March GE Capital was paid for debt outstanding as equipment was located and used in operations. Additionally, Landing and parking fees were paid in Fort Wayne, IN in connection with the assumption of the lease - -------------------------------------------------------------------------------- Item 1 - One DC8-50 Stage II aircraft was sold. The proceeds of $600,000 are held in restricted cash until remittance to the secured creditors. - -------------------------------------------------------------------------------- Item 3 - The company currently has a note for $3 mm due from Kalitta Air, owned by Connie Kalitta, for the purchase of a Boeing 747 in 11/00. - -------------------------------------------------------------------------------- INSURANCE - -------------------------------------------------------------------------------- YES NO - -------------------------------------------------------------------------------- 1. ARE WORKER'S COMPENSATION, GENERAL LIABILITY AND OTHER NECESSARY INSURANCE COVERAGES IN EFFECT? X - -------------------------------------------------------------------------------- 2. ARE ALL PREMIUM PAYMENTS PAID CURRENT? X - -------------------------------------------------------------------------------- 3. PLEASE ITEMIZE POLICIES BELOW. - -------------------------------------------------------------------------------- IF THE ANSWER TO ANY OF THE ABOVE QUESTIONS IS "NO," OR IF ANY POLICIES HAVE BEEN CANCELLED OR NOT RENEWED DURING THIS REPORTING PERIOD, PROVIDE AN EXPLANATION BELOW. ATTACH ADDITIONAL SHEETS IF NECESSARY. - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- INSTALLMENT PAYMENTS - -------------------------------------------------------------------------------- TYPE OF PAYMENT AMOUNT POLICY CARRIER PERIOD COVERED & FREQUENCY - -------------------------------------------------------------------------------- See Kitty Hawk, Inc. Case #400-42141 - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- - ---------------------------------------------- CASE NAME: Kitty Hawk International, Inc. FOOTNOTES SUPPLEMENT - ---------------------------------------------- - ---------------------------------------------- CASE NUMBER: 400-42144 ACCRUAL BASIS - ---------------------------------------------- MONTH: March 2001 ---------------------- ACCRUAL BASIS LINE FOOTNOTE / EXPLANATION FORM NUMBER NUMBER - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- 6 All Professional fees related to the - -------------------------------------------------------------------------------- Reorganization of the Company are - -------------------------------------------------------------------------------- disbursed out of Kitty Hawk, Inc. - -------------------------------------------------------------------------------- (Parent Company). Refer to Case # 400- - -------------------------------------------------------------------------------- 42141 - -------------------------------------------------------------------------------- 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. CASE NAME: Kitty Hawk International, Inc. CASE NUMBER: 400-42144 Details of Other Items ACCRUAL BASIS-1 March 2001 8. OTHER (ATTACH LIST) $ (353, 442,373) Reported ------------------ Intercompany Receivables (368,632,177) A/R Senior Noteholders 656,597 A/R 401(k) Loan (4,535) A/R Insurance 133,954 A/R Auction Proceeds 15,540 A/R Aging Reconciling item 41,110 Deferred Taxes 13,097,746 Aircraft held for resale 99,701 Loan Org Costs 71,478 Deposits - Landing Fees - Deposits - Aircraft 434,321 Deposits - Rent 218,828 Security Deposit 425,064 ------------------ (353,442,373) Detail ------------------ - Difference 22. OTHER (ATTACH LIST) $ (149,102,249) Reported ------------------ Accrued income taxes (148,893,646) Accrued Misc (220,103) Accrued Fuel 11,500 ------------------ (149,102,249) Detail ------------------ - Difference 27. OTHER (ATTACH LIST) $ 76,013,688 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 Accrued Landing fees/parking/cargo fees 1,644,307 CASE NAME: Kitty Hawk International, Inc. CASE NUMBER: 400-42144 Details of Other Items Various accrued taxes 1,313,200 Other Misc accruals (641,110) ----------- 76,013,688 Detail ----------- - Difference ACCRUAL BASIS-2 21 NON-OPERATING INCOME (ATT. LIST) ($71,468) Reported ----------- Interest income on restricted cash investments (71,468) ----------- (71,468) Detail ----------- - Difference ACCRUAL BASIS-3 8. OTHER (ATTACH LIST) (37,000) Reported ----------- Sale of asset - DC8 Stage II 600,000 Transfer to Inc - all money sweeps (637,000) to KH Inc. Case #400-42141 (37,000) Detail ----------- - Difference EX-99.5 6 dex995.txt MONTHLY OPERATING REPORT KITTY HAWK CARGO Exhibit 99.5 - -------------------------------------------------------------------------------- Monthly Operating Report - ------------------------------------- CASE NAME: KITTY HAWK CARGO, INC. ACCRUAL BASIS - ------------------------------------- - ------------------------------------- CASE NUMBER: 400-42145-BJH-11 02/13/95, RWD, 2/96 - ------------------------------------- - ------------------------------------- JUDGE: BARBARA J. HOUSER - ------------------------------------- UNITED STATES BANKRUPTCY COURT NORTHERN DISTRICT OF TEXAS SIXTH DIVISION MONTHLY OPERATING REPORT MONTH ENDING: MARCH 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 TITLE PARTY DREW KEITH 4/20/01 - ------------------------------------- ----------------------------------------- PRINTED NAME OF RESPONSIBLE PARTY DATE PREPARER: /s/ Kevin K. Craig CONTROLLER, KITTY HAWK INC. - ------------------------------------- ----------------------------------------- ORIGINAL SIGNATURE OF PREPARER TITLE KEVIN K. CRAIG 4/20/01 - ------------------------------------- ----------------------------------------- PRINTED NAME OF PREPARER DATE - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- Monthly Operating Report - ---------------------------------- CASE NAME: KITTY HAWK CARGO, INC ACCRUAL BASIS-1 - ---------------------------------- - ---------------------------------- CASE NUMBER: 400-42145-BJH-11 02/13/95, RWD, 2/96 - ----------------------------------
- ---------------------------------- COMPARATIVE BALANCE SHEET - ----------------------------------------------------------------------------------------------------------------------------------- SCHEDULE MONTH MONTH MONTH --------------------------------------------------- ASSETS AMOUNT JANUARY, 2001 FEBRUARY, 2001 MARCH, 2001 - ----------------------------------------------------------------------------------------------------------------------------------- 1. UNRESTRICTED CASH $ 9,035 $ 10,705 $ 3,462 - ----------------------------------------------------------------------------------------------------------------------------------- 2. RESTRICTED CASH $ 0 $ 0 $ 0 - ----------------------------------------------------------------------------------------------------------------------------------- 3. TOTAL CASH $ 0 $ 9,035 $ 10,705 $ 3,462 - ----------------------------------------------------------------------------------------------------------------------------------- 4. ACCOUNTS RECEIVABLE (NET) $ 41,314,895 $30,272,852 $27,610,523 $27,687,192 - ----------------------------------------------------------------------------------------------------------------------------------- 5. INVENTORY $ 0 $ 0 $ 0 - ----------------------------------------------------------------------------------------------------------------------------------- 6. NOTES RECEIVABLE $ 0 $ 0 $ 0 - ----------------------------------------------------------------------------------------------------------------------------------- 7. PREPAID EXPENSES $ 35,445 $ 0 $ 0 $ 0 - ----------------------------------------------------------------------------------------------------------------------------------- 8. OTHER (ATTACH LIST) $102,257,281 $33,328,712 $33,271,998 $30,350,215 - ----------------------------------------------------------------------------------------------------------------------------------- 9. TOTAL CURRENT ASSETS $143,607,621 $63,610,599 $60,893,226 $58,040,869 - ----------------------------------------------------------------------------------------------------------------------------------- 10. PROPERTY, PLANT & EQUIPMENT $ 2,455,211 $ 4,677,221 $ 4,698,156 $ 4,698,156 - ----------------------------------------------------------------------------------------------------------------------------------- 11. LESS: ACCUMULATED DEPRECIATION / DEPLETION $ 2,498,915 $ 2,550,053 $ 2,601,190 - ----------------------------------------------------------------------------------------------------------------------------------- 12. NET PROPERTY, PLANT & EQUIPMENT $ 2,455,211 $ 2,178,306 $ 2,148,103 $ 2,096,966 - ----------------------------------------------------------------------------------------------------------------------------------- 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 $63,041,329 $60,137,835 - ----------------------------------------------------------------------------------------------------------------------------------- POSTPETITION LIABILITIES - ----------------------------------------------------------------------------------------------------------------------------------- 17. ACCOUNTS PAYABLE $ 715,609 $ 1,074,945 $ 979,761 - ----------------------------------------------------------------------------------------------------------------------------------- 18. TAXES PAYABLE $ 838,121 $ 791,336 $ 816,669 - ----------------------------------------------------------------------------------------------------------------------------------- 19. NOTES PAYABLE $ 0 $ 0 $ 0 - ----------------------------------------------------------------------------------------------------------------------------------- 20. PROFESSIONAL FEES $ 0 $ 0 $ 0 - ----------------------------------------------------------------------------------------------------------------------------------- 21. SECURED DEBT $ 0 $ 0 $ 0 - ----------------------------------------------------------------------------------------------------------------------------------- 22. OTHER (ATTACH LIST) $(2,226,007) $(3,322,930) $(4,443,716) - ----------------------------------------------------------------------------------------------------------------------------------- 23. TOTAL POSTPETITION LIABILITIES AMORTIZATION $ (672,277) $(1,456,649) $(2,647,286) - ----------------------------------------------------------------------------------------------------------------------------------- PREPETITION LIABILITIES - ----------------------------------------------------------------------------------------------------------------------------------- 24. SECURED DEBT $ 0 $ 0 $ 0 - ----------------------------------------------------------------------------------------------------------------------------------- 25. PRIORITY DEBT $ 496,687 $ 0 $ 0 $ 0 - ----------------------------------------------------------------------------------------------------------------------------------- 26. UNSECURED DEBT $ 78,864,376 $ 5,091,940 $ 5,091,940 $ 5,091,940 - ----------------------------------------------------------------------------------------------------------------------------------- 27. OTHER (ATTACH LIST) $ 5,272,081 $ 5,270,345 $ 5,270,345 - ----------------------------------------------------------------------------------------------------------------------------------- 28. TOTAL PREPETITION LIABILITIES $ 79,361,063 $10,364,021 $10,362,285 $10,362,285 - ----------------------------------------------------------------------------------------------------------------------------------- 29. TOTAL LIABILITIES $ 79,361,063 $ 9,691,744 $ 8,905,636 $ 7,714,999 - ----------------------------------------------------------------------------------------------------------------------------------- EQUITY - ----------------------------------------------------------------------------------------------------------------------------------- 30. PREPETITION OWNERS' EQUITY $61,869,075 $61,869,075 $61,741,245 - ----------------------------------------------------------------------------------------------------------------------------------- 31. POSTPETITION CUMULATIVE PROFIT OR (LOSS) $(5,771,914) $(7,733,382) $(9,318,409) - ----------------------------------------------------------------------------------------------------------------------------------- 32. DIRECT CHARGES TO EQUITY (ATTACH EXPLANATION) $ 0 $ 0 $ 0 - ----------------------------------------------------------------------------------------------------------------------------------- 33. TOTAL EQUITY $ 0 $56,097,161 $54,135,693 $52,422,836 - ----------------------------------------------------------------------------------------------------------------------------------- 34. TOTAL LIABILITIES & OWNERS' EQUITY $ 79,361,063 $65,788,905 $63,041,329 $60,137,835 - ----------------------------------------------------------------------------------------------------------------------------------- $ 0 $ 0 $ 0 - -----------------------------------------------------------------------------------------------------------------------------------
================================================================================ Monthly Operating Report - ------------------------------------ CASE NAME: KITTY HAWK CARGO, INC ACCRUAL BASIS-2 - ------------------------------------ - ------------------------------------ CASE NUMBER: 400-42145-BJH-11 02/13/95, RWD, 2/96 - ------------------------------------
- ------------------------------------ INCOME STATEMENT - ---------------------------------------------------------------------------------------------------------------------------------- MONTH MONTH MONTH QUARTER ----------------------------------------------------------- REVENUES JANUARY, 2001 FEBRUARY, 2001 MARCH, 2001 TOTAL - ---------------------------------------------------------------------------------------------------------------------------------- 1. GROSS REVENUES $14,012,208 $11,920,669 $12,932,284 $38,865,161 - ---------------------------------------------------------------------------------------------------------------------------------- 2. LESS: RETURNS & DISCOUNTS $ 0 $ 0 $ 0 $ 0 - ---------------------------------------------------------------------------------------------------------------------------------- 3. NET REVENUE $14,012,208 $11,920,669 $12,932,284 $38,865,161 - ---------------------------------------------------------------------------------------------------------------------------------- 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 $14,012,208 $11,920,669 $12,932,284 $38,865,161 - ---------------------------------------------------------------------------------------------------------------------------------- OPERATING EXPENSES - ---------------------------------------------------------------------------------------------------------------------------------- 9. OFFICER / INSIDER COMPENSATION $ 26,667 $ 26,667 $ 26,667 $ 80,001 - ---------------------------------------------------------------------------------------------------------------------------------- 10. SELLING & MARKETING $ 5,356 $ 19,243 $ 3,408 $ 28,007 - ---------------------------------------------------------------------------------------------------------------------------------- 11. GENERAL & ADMINISTRATIVE $ 1,863,762 $ 1,357,252 $ 1,732,902 $ 4,953,916 - ---------------------------------------------------------------------------------------------------------------------------------- 12. RENT & LEASE $ 284,483 $ 295,771 $ 283,751 $ 864,005 - ---------------------------------------------------------------------------------------------------------------------------------- 13. OTHER (ATTACH LIST) $13,268,337 $13,275,963 $13,261,118 $39,805,418 - ---------------------------------------------------------------------------------------------------------------------------------- 14. TOTAL OPERATING EXPENSES $15,448,605 $14,974,896 $15,307,846 $45,731,347 - ---------------------------------------------------------------------------------------------------------------------------------- 15. INCOME BEFORE NON-OPERATING INCOME & EXPENSE $(1,436,397) $(3,054,227) $(2,375,562) $(6,866,186) - ---------------------------------------------------------------------------------------------------------------------------------- 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 $ 194,856 $ 163,747 $ 427,821 $ 786,424 - ---------------------------------------------------------------------------------------------------------------------------------- 19. DEPRECIATION / DEPLETION $ 50,786 $ 51,138 $ 51,138 $ 153,062 - ---------------------------------------------------------------------------------------------------------------------------------- 20. AMORTIZATION $ 0 $ 0 $ 0 $ 0 - ---------------------------------------------------------------------------------------------------------------------------------- 21. OTHER (ATTACH LIST) $ 0 $ 0 $ 0 $ 0 - ---------------------------------------------------------------------------------------------------------------------------------- 22. NET OTHER INCOME & EXPENSES $ 245,642 $ 214,885 $ 478,959 $ 939,486 - ---------------------------------------------------------------------------------------------------------------------------------- REORGANIZATION EXPENSES - ---------------------------------------------------------------------------------------------------------------------------------- 23. PROFESSIONAL FEES $ 0 $ 0 $ 0 $ 0 - ---------------------------------------------------------------------------------------------------------------------------------- 24. U.S. TRUSTEE FEES $ 0 $ 0 $ 250 $ 250 - ---------------------------------------------------------------------------------------------------------------------------------- 25. OTHER (ATTACH LIST) $ 0 $ 0 $ 0 $ 0 - ---------------------------------------------------------------------------------------------------------------------------------- 26. TOTAL REORGANIZATION EXPENSES $ 0 $ 0 $ 250 $ 250 - ---------------------------------------------------------------------------------------------------------------------------------- 27. INCOME TAX $ (672,819) $(1,307,644) $(1,141,909) $(3,122,372) - ---------------------------------------------------------------------------------------------------------------------------------- 28. NET PROFIT (LOSS) $(1,009,220) $(1,961,468) $(1,712,862) $(4,683,550) - ---------------------------------------------------------------------------------------------------------------------------------- ==================================================================================================================================
- ------------------------------------------------------------------------------ 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 FEBRUARY, 2001 MARCH, 2001 TOTAL - ------------------------------------------------------------------------------------------------------------------------------------ 1. CASH - BEGINNING OF MONTH $6,500 $9,035 $10,705 $6,500 - ------------------------------------------------------------------------------------------------------------------------------------ RECEIPTS FROM OPERATIONS - ------------------------------------------------------------------------------------------------------------------------------------ 2. CASH SALES $0 $0 $0 $0 - ------------------------------------------------------------------------------------------------------------------------------------ COLLECTION OF ACCOUNTS RECEIVABLE - ------------------------------------------------------------------------------------------------------------------------------------ 3. PREPETITION $0 $0 $0 $0 - ------------------------------------------------------------------------------------------------------------------------------------ 4. POSTPETITION $11,033,780 $11,481,967 $10,864,697 $33,380,444 - ------------------------------------------------------------------------------------------------------------------------------------ 5. TOTAL OPERATING RECEIPTS $11,033,780 $11,481,967 $10,864,697 $33,380,444 - ------------------------------------------------------------------------------------------------------------------------------------ NON - OPERATING RECEIPTS - ------------------------------------------------------------------------------------------------------------------------------------ 6. LOANS & ADVANCES (ATTACH LIST) $0 $0 $0 $0 - ------------------------------------------------------------------------------------------------------------------------------------ 7. SALE OF ASSETS $0 $0 $0 $0 - ------------------------------------------------------------------------------------------------------------------------------------ 8. OTHER (ATTACH LIST) ($11,031,245) ($11,480,297) ($10,871,940) ($33,383,482) - ------------------------------------------------------------------------------------------------------------------------------------ 9. TOTAL NON-OPERATING RECEIPTS ($11,031,245) ($11,480,297) ($10,871,940) ($33,383,482) - ------------------------------------------------------------------------------------------------------------------------------------ 10. TOTAL RECEIPTS $2,535 $1,670 ($7,243) ($3,038) - ------------------------------------------------------------------------------------------------------------------------------------ 11. TOTAL CASH AVAILABLE $9,035 $10,705 $3,462 $3,462 - ------------------------------------------------------------------------------------------------------------------------------------ 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 $1,670 ($7,243) ($3,038) - ------------------------------------------------------------------------------------------------------------------------------------ 33. CASH - END OF MONTH $9,035 $10,705 $3,462 $3,462 - ------------------------------------------------------------------------------------------------------------------------------------ ==================================================================================================================================== - ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------ 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 FEBRUARY, 2001 MARCH, 2001 - ------------------------------------------------------------------------------------------------------------------------------------ 1. 0-30 $21,518,319 $20,470,017 $18,522,482 $18,522,207 - ------------------------------------------------------------------------------------------------------------------------------------ 2. 31-60 $14,127,296 $2,096,931 $1,262,022 $1,251,910 - ------------------------------------------------------------------------------------------------------------------------------------ 3. 61-90 $2,070,404 $350,638 $594,885 $594,458 - ------------------------------------------------------------------------------------------------------------------------------------ 4. 91+ $3,598,876 $6,799,894 $6,635,268 $6,620,694 - ------------------------------------------------------------------------------------------------------------------------------------ 5. TOTAL ACCOUNTS RECEIVABLE $41,314,895 $29,717,480 $27,014,657 $26,989,269 - ------------------------------------------------------------------------------------------------------------------------------------ 6. AMOUNT CONSIDERED UNCOLLECTIBLE - ------------------------------------------------------------------------------------------------------------------------------------ 7. ACCOUNTS RECEIVABLE (NET) $41,314,895 $29,717,480 $27,014,657 $26,989,269 - ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------ AGING OF POSTPETITION TAXES AND PAYABLES MONTH: MARCH, 2001 ----------------- - ----------------------------------------------------------------------------------------------------------------------------------- 0-30 31-60 61-90 91+ TAXES PAYABLE DAYS DAYS DAYS DAYS TOTAL - ----------------------------------------------------------------------------------------------------------------------------------- 1. FEDERAL $816,669 $816,669 - ----------------------------------------------------------------------------------------------------------------------------------- 2. STATE $0 - ----------------------------------------------------------------------------------------------------------------------------------- 3. LOCAL $0 - ----------------------------------------------------------------------------------------------------------------------------------- 4. OTHER (ATTACH LIST) $0 - ----------------------------------------------------------------------------------------------------------------------------------- 5. TOTAL TAXES PAYABLE $816,669 $0 $0 $0 $816,669 - ----------------------------------------------------------------------------------------------------------------------------------- - ----------------------------------------------------------------------------------------------------------------------------------- 6. ACCOUNTS PAYABLE $776,435 $9,378 $1,686 $192,262 $979,761 - -----------------------------------------------------------------------------------------------------------------------------------
- --------------------------------------------------------------------- STATUS OF POSTPETITION TAXES MONTH: MARCH, 2001 -------------- - ------------------------------------------------ - ----------------------------------------------------------------------------------------------------------------------------- BEGINNING AMOUNT ENDING TAX WITHHELD AND/ AMOUNT TAX FEDERAL LIABILITY* 0R ACCRUED PAID LIABILITY - ----------------------------------------------------------------------------------------------------------------------------- 1. WITHHOLDING** $0 $0 - ----------------------------------------------------------------------------------------------------------------------------- 2. FICA-EMPLOYEE** $0 $0 - ----------------------------------------------------------------------------------------------------------------------------- 3. FICA-EMPLOYER** $0 $0 - ----------------------------------------------------------------------------------------------------------------------------- 4. UNEMPLOYMENT $0 $0 - ----------------------------------------------------------------------------------------------------------------------------- 5. INCOME $0 $0 - ----------------------------------------------------------------------------------------------------------------------------- 6. OTHER (ATTACH LIST) $791,336 $816,669 $791,336 $816,669 - ----------------------------------------------------------------------------------------------------------------------------- 7. TOTAL FEDERAL TAXES $791,336 $816,669 $791,336 $816,669 - ----------------------------------------------------------------------------------------------------------------------------- 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 $791,336 $816,669 $791,336 $816,669 - -----------------------------------------------------------------------------------------------------------------------------
* 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 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: MARCH, 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 ($3,038) ($3,038) - ------------------------------------------------------------------------------------------------------------------------------------ 5. MONTH END BALANCE PER BOOKS ($3,038) $0 $0 ($3,038) - ------------------------------------------------------------------------------------------------------------------------------------ 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 $3,462 - ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------ 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: MARCH, 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 $178,166 - -------------------------------------------------------------------------------------------------- 2. - -------------------------------------------------------------------------------------------------- 3. - -------------------------------------------------------------------------------------------------- 4. - -------------------------------------------------------------------------------------------------- 5. - -------------------------------------------------------------------------------------------------- 6. TOTAL PAYMENTS TO INSIDERS $26,667 $178,166 - --------------------------------------------------------------------------------------------------
- ----------------------------------------------------------------------------------------------------------------------------------- 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 $185,715 $0 - ----------------------------------------------------------------------------------------------------------------------- 2. Ridgely - City of Philadelphia - PHL $25,508 $24,377 $0 - ----------------------------------------------------------------------------------------------------------------------- 3. NY/NJ Airport Authority - EWR $27,792 $28,437 $0 - ----------------------------------------------------------------------------------------------------------------------- 4. City of Los Angeles - LAX $39,562 $34,022 $0 - ----------------------------------------------------------------------------------------------------------------------- 5. Airport Group Int'l - ATL $11,550 $11,200 $0 - ----------------------------------------------------------------------------------------------------------------------- 6. TOTAL $287,889 $283,751 $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: MARCH, 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: MARCH, 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 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 in January, 2001 (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
MARCH, 2001 ACCRUAL BASIS-1 8. OTHER (ATTACH LIST) $ 30,350,215 Reported ----------------------------------- Net of all I/C Accts Receivable/Payable 30,110,001 Intangibles - Other 154,458 Deposits 85,756 ------ ----------------------------------- 30,350,215 Detail ----------------------------------- - Difference ----------------------------------- 22. OTHER (ATTACH LIST) $ (4,443,716)Reported ----------------------------------- Accrued Liabilities 1,858,380 Accrued Salaries & PR Taxes - Less: FET Taxes Payable (Line 18) (818,669) Post-petition Fed Inc Tax (5,483,427) ----------------------------------- *** FET recorded in Taxes Payable (4,443,716)Detail ----------------------------------- - Difference ----------------------------------- 27. OTHER (ATTACH LIST) $ 5,270,345 Reported ----------------------------------- Pre-petition Fed Inc Tax 4,022,982 Pre-petition Deposits 479,840 Pre-petition Taxes Other - Pre-petition Accrued Liabilities 767,523 ----------------------------------- 5,270,345 Detail ----------------------------------- - Difference ----------------------------------- ACCRUAL BASIS-2 13. OTHER (ATTACH LIST) $13,261,118 Reported ----------------------------------- Aircraft Costs 2,280,962 I/C Aircraft Costs (KHA) 5,177,754 KHC Ground Handling (Operations Payroll) 914,095 Outstation Ground Handling 1,308,489 Trucking Costs 386,307 Fuel 3,071,290 Contract Labor 907 Other 121,314 ----------------------------------- 13,261,118 Detail ----------------------------------- - Difference ACCRUAL BASIS-3 8. OTHER (ATTACH LIST) (10,871,940)Reported ----------------------------------- Transfer to Inc - all money sweeps (10,871,940)Detail ----------------------------------- to KH Inc. Case #400-42141 - Difference ----------------------------------- ACCRUAL BASIS-4 6. OTHER (ATTACH LIST) 1,608,005 Reported ----------------------------------- FET (720) 2/01-15/01 Pd 3/12 407,948.67 FET (720) 2/15-28/01 Pd 3/27 306,021.22 FET (720) Refund - Reconciling Item 77,366.50 FET (720) 3/01-31/01 816,669.00 ---------- ----------------------------------- 1,608,005 Detail ----------------------------------- (0)Difference -----------------------------------
EX-99.6 7 dex996.txt MONTHLY OPERATING REPORT OK TURBINES 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: MARCH 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 4/20/01 - ----------------------------------------- --------------------------------- PRINTED NAME OF RESPONSIBLE PARTY DATE PREPARER: /s/ Jessica L. Wilson Chief Accounting Officer - ----------------------------------------- --------------------------------- ORIGINAL SIGNATURE OF PREPARER TITLE Jessica L. Wilson 4/20/01 - ----------------------------------------- --------------------------------- PRINTED NAME OF PREPARER DATE - --------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------ Monthly Operating Report CASE NAME: OK Turbines, Inc. ACCRUAL BASIS-1 ----------------------------------------------------- ----------------------------------------------------- CASE NUMBER: 400-42146-BJH-11 02/13/95, RWD, 2/96 ----------------------------------------------------- ----------------------------------------------------- COMPARATIVE BALANCE SHEET --------------------------------------------------------------------------------------------------------------------------------- SCHEDULE MONTH MONTH MONTH ------------------------------------------------------------ ASSETS AMOUNT January 2001 February 2001 March 2001 --------------------------------------------------------------------------------------------------------------------------------- 1. UNRESTRICTED CASH $ 299,835 $ 391,906 $ 507,677 $ 152,250 --------------------------------------------------------------------------------------------------------------------------------- 2. RESTRICTED CASH $ 0 $ 0 $ 0 $ 0 --------------------------------------------------------------------------------------------------------------------------------- 3. TOTAL CASH $ 299,835 $ 391,906 $ 507,677 $ 152,250 --------------------------------------------------------------------------------------------------------------------------------- 4. ACCOUNTS RECEIVABLE (NET) $ 569,077 $ 555,158 $ 451,957 $ 599,910 --------------------------------------------------------------------------------------------------------------------------------- 5. INVENTORY $4,135,448 $ 4,474,684 $4,403,012 $4,417,141 --------------------------------------------------------------------------------------------------------------------------------- 6. NOTES RECEIVABLE $ 0 $ 0 $ 0 $ 0 --------------------------------------------------------------------------------------------------------------------------------- 7. PREPAID EXPENSES $ 0 $ 0 $ 0 $ 0 --------------------------------------------------------------------------------------------------------------------------------- 8. OTHER (ATTACH LIST) $ 30,000 ($1,072,548) ($969,186) ($842,921) --------------------------------------------------------------------------------------------------------------------------------- 9. TOTAL CURRENT ASSETS $5,034,360 $ 4,349,200 $4,393,460 $4,326,380 --------------------------------------------------------------------------------------------------------------------------------- 10. PROPERTY, PLANT & EQUIPMENT $ 474,012 $ 604,473 $ 604,473 $ 604,429 --------------------------------------------------------------------------------------------------------------------------------- 11. LESS: ACCUMULATED DEPRECIATION / DEPLETION $ 0 $ 130,216 $ 134,488 $ 138,761 --------------------------------------------------------------------------------------------------------------------------------- 12. NET PROPERTY, PLANT & EQUIPMENT $ 474,012 $ 474,257 $ 469,985 $ 465,668 --------------------------------------------------------------------------------------------------------------------------------- 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 $4,863,445 $4,792,048 --------------------------------------------------------------------------------------------------------------------------------- POSTPETITION LIABILITIES --------------------------------------------------------------------------------------------------------------------------------- 17. ACCOUNTS PAYABLE $ 22,921 $ 43,265 $ 18,863 --------------------------------------------------------------------------------------------------------------------------------- 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 $ 43,265 $ 18,863 --------------------------------------------------------------------------------------------------------------------------------- PREPETITION LIABILITIES --------------------------------------------------------------------------------------------------------------------------------- 24. SECURED DEBT $ 0 $ 0 $ 0 $ 0 --------------------------------------------------------------------------------------------------------------------------------- 25. PRIORITY DEBT $ 28,268 $ 0 $ 0 $ 0 --------------------------------------------------------------------------------------------------------------------------------- 26. UNSECURED DEBT $ 493,554 $ 522,629 $ 522,633 $ 522,716 --------------------------------------------------------------------------------------------------------------------------------- 27. OTHER (ATTACH LIST) $ 0 $ 0 $ 0 $ 0 --------------------------------------------------------------------------------------------------------------------------------- 28. TOTAL PREPETITION LIABILITIES $ 521,822 $ 522,629 $ 522,633 $ 522,716 --------------------------------------------------------------------------------------------------------------------------------- 29. TOTAL LIABILITIES $ 521,822 $ 545,550 $ 565,898 $ 541,579 --------------------------------------------------------------------------------------------------------------------------------- EQUITY --------------------------------------------------------------------------------------------------------------------------------- 30. PREPETITION OWNERS' EQUITY $ 3,790,619 $3,790,619 $3,790,619 --------------------------------------------------------------------------------------------------------------------------------- 31. POSTPETITION CUMULATIVE PROFIT OR (LOSS) $ 487,288 $ 506,928 $ 459,850 --------------------------------------------------------------------------------------------------------------------------------- 32. DIRECT CHARGES TO EQUITY (ATTACH EXPLANATION) --------------------------------------------------------------------------------------------------------------------------------- 33. TOTAL EQUITY $ 0 $ 4,277,907 $4,297,547 $4,250,469 --------------------------------------------------------------------------------------------------------------------------------- 34. TOTAL LIABILITIES & OWNERS' EQUITY $ 521,822 $ 4,823,457 $4,863,445 $4,792,048 --------------------------------------------------------------------------------------------------------------------------------- - ------------------------------------------------------------------------------------------------------------------------------------
==================================================================================================================================== Monthly Operating Report -------------------------------------------- CASE NAME: OK Turbines, Inc. ACCRUAL BASIS-2 -------------------------------------------- -------------------------------------------- CASE NUMBER: 400-42146-BJH-11 02/13/95, RWD, 2/96 -------------------------------------------- ------------------------------------ INCOME STATEMENT --------------------------------------------------------------------------------------------------------------------------------- MONTH MONTH MONTH ---------------------------------------------- QUARTER REVENUES January 2001 February 2001 March 2001 TOTAL ---------------------------------------------------------------------------------------------------------------------------- 1. GROSS REVENUES $384,607 $352,847 $ 354,752 $1,092,206 ---------------------------------------------------------------------------------------------------------------------------- 2. LESS: RETURNS & DISCOUNTS $ 0 $ 0 $ 0 $ 0 ---------------------------------------------------------------------------------------------------------------------------- 3. NET REVENUE $384,607 $352,847 $ 354,752 $1,092,206 ---------------------------------------------------------------------------------------------------------------------------- COST OF GOODS SOLD ---------------------------------------------------------------------------------------------------------------------------- 4. MATERIAL $219,464 $238,072 $ 312,241 $ 769,777 ---------------------------------------------------------------------------------------------------------------------------- 5. DIRECT LABOR $ 47,684 $ 39,897 $ 43,484 $ 131,065 ---------------------------------------------------------------------------------------------------------------------------- 6. DIRECT OVERHEAD $ 12,273 $ 5,361 $ 1,694 $ 19,328 ---------------------------------------------------------------------------------------------------------------------------- 7. TOTAL COST OF GOODS SOLD $279,421 $283,330 $ 357,419 $ 920,170 ---------------------------------------------------------------------------------------------------------------------------- 8. GROSS PROFIT $105,186 $ 69,517 ($2,667) $ 172,036 ---------------------------------------------------------------------------------------------------------------------------- OPERATING EXPENSES ---------------------------------------------------------------------------------------------------------------------------- 9. OFFICER / INSIDER COMPENSATION $ 4,615 $ 4,615 $ 4,615 $ 13,845 ---------------------------------------------------------------------------------------------------------------------------- 10. SELLING & MARKETING $ 332 $ 384 $ 254 $ 970 ---------------------------------------------------------------------------------------------------------------------------- 11. GENERAL & ADMINISTRATIVE $ 28,821 $ 28,227 $ 26,186 $ 83,234 ---------------------------------------------------------------------------------------------------------------------------- 12. RENT & LEASE $ 3,387 $ 3,610 $ 3,739 $ 10,736 ---------------------------------------------------------------------------------------------------------------------------- 13. OTHER (ATTACH LIST) $ 735 $ 8,769 $ 344 $ 9,848 ---------------------------------------------------------------------------------------------------------------------------- 14. TOTAL OPERATING EXPENSES $ 37,890 $ 45,605 $ 35,138 $ 118,633 ---------------------------------------------------------------------------------------------------------------------------- 15. INCOME BEFORE NON OPERATING INCOME & EXPENSE $ 67,296 $ 23,912 ($37,805) $ 53,403 ---------------------------------------------------------------------------------------------------------------------------- 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 $ 4,272 $ 4,273 $ 12,817 ---------------------------------------------------------------------------------------------------------------------------- 20. AMORTIZATION $ 0 $ 0 $ 0 $ 0 ---------------------------------------------------------------------------------------------------------------------------- 21. OTHER (ATTACH LIST) $ 0 $ 0 $ 0 $ 0 ---------------------------------------------------------------------------------------------------------------------------- 22. NET OTHER INCOME & EXPENSES $ 4,272 $ 4,272 $ 4,273 $ 12,817 ---------------------------------------------------------------------------------------------------------------------------- REORGANIZATION EXPENSES ---------------------------------------------------------------------------------------------------------------------------- 23. PROFESSIONAL FEES $ 0 $ 0 $ 0 $ 0 ---------------------------------------------------------------------------------------------------------------------------- 24. U.S. TRUSTEE FEES $ 0 $ 0 $ 5,000 $ 5,000 ---------------------------------------------------------------------------------------------------------------------------- 25. OTHER (ATTACH LIST) $ 0 $ 0 $ 0 $ 0 ---------------------------------------------------------------------------------------------------------------------------- 26. TOTAL REORGANIZATION EXPENSES $ 0 $ 0 $ 5,000 $ 5,000 ---------------------------------------------------------------------------------------------------------------------------- 27. INCOME TAX $ 0 $ 0 $ 0 $ 0 ---------------------------------------------------------------------------------------------------------------------------- 28. NET PROFIT (LOSS) $ 63,024 $ 19,640 ($47,078) $ 35,586 ==============================================================================================================================
- ------------------------------------------------------------------------------------------------------------------------------------ Monthly Operating Report --------------------------------------------------- CASE NAME: OK Turbines, Inc. ACCRUAL BASIS-3 --------------------------------------------------- --------------------------------------------------- CASE NUMBER: 400-42146-BJH-11 02/13/95, RWD, 2/96 --------------------------------------------------- --------------------------------------------------------------------------------------------------------------------------------- MONTH MONTH MONTH QUARTER CASH RECEIPTS --------------------------------------------- AND DISBURSEMENTS January 2001 February 2001 March 2001 TOTAL --------------------------------------------------------------------------------------------------------------------------------- 1. CASH BEGINNING OF MONTH $ 68,784 $391,906 $ 507,677 $ 68,784 --------------------------------------------------------------------------------------------------------------------------------- RECEIPTS FROM OPERATIONS --------------------------------------------------------------------------------------------------------------------------------- 2. CASH SALES $ 0 $ 0 $ 0 $ 0 --------------------------------------------------------------------------------------------------------------------------------- COLLECTION OF ACCOUNTS RECEIVABLE --------------------------------------------------------------------------------------------------------------------------------- 3. PREPETITION $ 0 $ 4,904 $ 0 $ 4,904 --------------------------------------------------------------------------------------------------------------------------------- 4. POSTPETITION $547,565 $456,463 $ 209,201 $1,213,229 --------------------------------------------------------------------------------------------------------------------------------- 5. TOTAL OPERATING RECEIPTS $547,565 $461,367 $ 209,201 $1,218,133 --------------------------------------------------------------------------------------------------------------------------------- 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 $ 17,986 $ 53 $ 19,190 --------------------------------------------------------------------------------------------------------------------------------- 9. TOTAL NON OPERATING RECEIPTS $ 1,151 $ 17,986 $ 53 $ 19,190 --------------------------------------------------------------------------------------------------------------------------------- 10. TOTAL RECEIPTS $548,716 $479,353 $ 209,254 $1,237,323 --------------------------------------------------------------------------------------------------------------------------------- 11. TOTAL CASH AVAILABLE $617,500 $871,259 $ 716,931 $1,306,107 --------------------------------------------------------------------------------------------------------------------------------- OPERATING DISBURSEMENTS --------------------------------------------------------------------------------------------------------------------------------- 12. NET PAYROLL $ 79,281 $ 53,114 $ 100,370 $ 232,765 --------------------------------------------------------------------------------------------------------------------------------- 13. PAYROLL TAXES PAID $ 5,278 $ 4,028 $ 7,616 $ 16,922 --------------------------------------------------------------------------------------------------------------------------------- 14. SALES, USE & OTHER TAXES PAID $ 1,957 $ 0 $ 0 $ 1,957 --------------------------------------------------------------------------------------------------------------------------------- 15. SECURED / RENTAL / LEASES $ 2,927 $ 2,948 $ 3,870 $ 9,745 --------------------------------------------------------------------------------------------------------------------------------- 16. UTILITIES $ 3,876 $ 1,502 $ 2,778 $ 8,156 --------------------------------------------------------------------------------------------------------------------------------- 17. INSURANCE $ 0 $ 0 $ 0 $ 0 --------------------------------------------------------------------------------------------------------------------------------- 18. INVENTORY PURCHASES $ 47,383 $ 84,068 $ 181,371 $ 312,822 --------------------------------------------------------------------------------------------------------------------------------- 19. VEHICLE EXPENSES $ 0 $ 10 $ 48 $ 58 --------------------------------------------------------------------------------------------------------------------------------- 20. TRAVEL $ 3,130 $ 3,659 $ 55 $ 6,844 --------------------------------------------------------------------------------------------------------------------------------- 21. ENTERTAINMENT $ 214 $ 304 $ 121 $ 639 --------------------------------------------------------------------------------------------------------------------------------- 22. REPAIRS & MAINTENANCE $ 56,724 $ 45,385 $ 54,097 $ 156,206 --------------------------------------------------------------------------------------------------------------------------------- 23. SUPPLIES $ 4,915 $ 2,062 $ 3,062 $ 10,039 --------------------------------------------------------------------------------------------------------------------------------- 24. ADVERTISING $ 344 $ 193 $ 454 $ 991 --------------------------------------------------------------------------------------------------------------------------------- 25. OTHER (ATTACH LIST) $ 14,565 $166,309 $ 210,839 $ 391,713 --------------------------------------------------------------------------------------------------------------------------------- 26. TOTAL OPERATING DISBURSEMENTS $220,594 $363,582 $ 564,681 $1,148,857 --------------------------------------------------------------------------------------------------------------------------------- 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 $363,582 $ 564,681 $1,153,857 --------------------------------------------------------------------------------------------------------------------------------- 32. NET CASH FLOW $323,122 $115,771 ($355,427) $ 83,466 --------------------------------------------------------------------------------------------------------------------------------- 33. CASH END OF MONTH $391,906 $507,677 $ 152,250 $ 152,250 --------------------------------------------------------------------------------------------------------------------------------- ==================================================================================================================================== - ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------ 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 February 2001 March 2001 -------------------------------------------------------------------------------------------------------------------------------- 1. 0-30 $274,729 $160,956 $323,198 -------------------------------------------------------------------------------------------------------------------------------- 2. 31-60 $ 57,832 $ 80,773 $ 80,836 -------------------------------------------------------------------------------------------------------------------------------- 3. 61-90 $ 34,373 $ 32,801 $ 18,541 -------------------------------------------------------------------------------------------------------------------------------- 4. 91+ $197,662 $177,427 $177,335 -------------------------------------------------------------------------------------------------------------------------------- 5. TOTAL ACCOUNTS RECEIVABLE $ 0 $564,596 $451,957 $599,910 -------------------------------------------------------------------------------------------------------------------------------- 6. AMOUNT CONSIDERED UNCOLLECTIBLE $ 9,438 $ 0 $ 0 -------------------------------------------------------------------------------------------------------------------------------- 7. ACCOUNTS RECEIVABLE (NET) $ 0 $555,158 $451,957 $599,910 -------------------------------------------------------------------------------------------------------------------------------- -------------------------------------------------- AGING OF POSTPETITION TAXES AND PAYABLES MONTH: March 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 $18,863 $ 0 $ 0 $ 0 $ 18,863 --------------------------------------------------------------------------------------------------------------------------------- -------------------------------------------------- STATUS OF POSTPETITION TAXES MONTH: March 2001 ---------------------------------- ---------------------------------------------------------------------------------------------------------------------------- BEGINNING AMOUNT ENDING TAX WITHHELD AND/ AMOUNT TAX FEDERAL LIABILITY* OR ACCRUED PAID LIABILITY ---------------------------------------------------------------------------------------------------------------------------- 1. WITHHOLDING** $ 0 $ 0 $ 0 $ 0 ---------------------------------------------------------------------------------------------------------------------------- 2. FICA EMPLOYEE** $ 0 $ 0 $ 0 $ 0 ---------------------------------------------------------------------------------------------------------------------------- 3. FICA EMPLOYER** $ 0 $ 0 $ 0 $ 0 ---------------------------------------------------------------------------------------------------------------------------- 4. UNEMPLOYMENT $ 0 $ 0 $ 0 $ 0 ---------------------------------------------------------------------------------------------------------------------------- 5. INCOME $ 0 $ 0 $ 0 $ 0 ---------------------------------------------------------------------------------------------------------------------------- 6. OTHER (ATTACH LIST) $ 0 $ 0 $ 0 $ 0 ---------------------------------------------------------------------------------------------------------------------------- 7. TOTAL FEDERAL TAXES $ 0 $ 0 $ 0 $ 0 ---------------------------------------------------------------------------------------------------------------------------- STATE AND LOCAL ---------------------------------------------------------------------------------------------------------------------------- 8. WITHHOLDING $ 0 $ 0 $ 0 $ 0 ---------------------------------------------------------------------------------------------------------------------------- 9. SALES $ 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: March 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 $ 183,417 $ 0 $ 0 $183,417 2. ADD: TOTAL DEPOSITS NOT CREDITED $ 0 $ 0 $ 0 $ 0 3. SUBTRACT: OUTSTANDING CHECKS $ 31,467 $ 0 $ 0 $ 31,467 4. OTHER RECONCILING ITEMS $ 0 $ 0 $ 0 $ 0 5. MONTH END BALANCE PER BOOKS $ 151,950 $ 0 $ 0 $151,950 6. NUMBER OF LAST CHECK WRITTEN 6187 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 $ 300 ------------------------------------------------------------------------------------------------------------------------ 13. TOTAL CASH END OF MONTH $152,250 ------------------------------------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------ Monthly Operating Report --------------------------------------------------- CASE NAME: OK Turbines, Inc. ACCRUAL BASIS-6 --------------------------------------------------- --------------------------------------------------- CASE NUMBER: 400-42146-BJH-11 02/13/95, RWD, 2/96 --------------------------------------------------- MONTH: March 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 $ 0 $ 25,015 ------------------------------------------------------------------------------------------------ 2. GREGG NIMMO Salary $4,615 $ 75,289 ------------------------------------------------------------------------------------------------ 3. ------------------------------------------------------------------------------------------------ 4. ------------------------------------------------------------------------------------------------ 5. ------------------------------------------------------------------------------------------------ 6. TOTAL PAYMENTS TO INSIDERS $4,615 $100,304 ------------------------------------------------------------------------------------------------ ----------------------------------------------------------------------------------------------------------------------------- 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 $ 3,134 $0 --------------------------------------------------------------------------------------------- 2. Other various $ 734 $0 --------------------------------------------------------------------------------------------- 3. N/A --------------------------------------------------------------------------------------------- 4. N/A --------------------------------------------------------------------------------------------- 5. N/A --------------------------------------------------------------------------------------------- 6. TOTAL $2,395 $ 3,868 $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: March 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. FOOTNOTES SUPPLEMENT ------------------------------- CASE NUMBER: 400-42146-BJH-11 ACCRUAL BASIS ------------------------------- MONTH: March 2001 ----------------------------------- ACCRUAL BASIS LINE FORM NUMBER NUMBER FOOTNOTE / EXPLANATION - ----------------------------------------------------------------------------------------------------------- - ----------------------------------------------------------------------------------------------------------- 3 12 All payroll is paid out of Kitty Hawk Charters, Inc. (Case - ----------------------------------------------------------------------------------------------------------- 13 #400-42142) and allocated to the Company. Related payroll - ----------------------------------------------------------------------------------------------------------- taxes are disbursed out of and reported at KH Charters. - ----------------------------------------------------------------------------------------------------------- - ----------------------------------------------------------------------------------------------------------- 6 All Professional fees related to the Reorganization of the - ----------------------------------------------------------------------------------------------------------- Company are disbursed out of Kitty Hawk, Inc. (Parent - ----------------------------------------------------------------------------------------------------------- Company). Refer to Case # 400-42141 - ----------------------------------------------------------------------------------------------------------- - ----------------------------------------------------------------------------------------------------------- 7 All insurance plans related to the Company are carried at - ----------------------------------------------------------------------------------------------------------- Kitty Hawk, Inc. (Parent Company). Refer to Case #400 42141. - ----------------------------------------------------------------------------------------------------------- - ----------------------------------------------------------------------------------------------------------- - ----------------------------------------------------------------------------------------------------------- - ----------------------------------------------------------------------------------------------------------- - ----------------------------------------------------------------------------------------------------------- - -----------------------------------------------------------------------------------------------------------
CASE NAME: OK Turbines, Inc. CASE NUMBER: 400-42146-BJH-11 Details of Other Items ACCRUAL BASIS-1 March 2001 8. OTHER (ATTACH LIST) $(842,921) Reported --------- Intercompany Receivables (941,826) Security Deposit 98,905 --------- (842,921) Detail --------- - Difference ACCRUAL BASIS-2 13. OTHER (ATTACH LIST) $ 344 Reported --------- Bad Debt expense 344 --------- 344 Detail --------- - Difference ACCRUAL BASIS-3 8. OTHER (ATTACH LIST) $ 53 Reported --------- Void checks and refunds 53 Detail --------- - Difference 25. OTHER (ATTACH LIST) 210,839 Reported --------- Freight 5,363 Training - Outside Services 603 Penalty and NSF 344 Refunds 1,420 Misc 26 Subscription 3,083 Transfer to KH Charters 200,000 --------- 210,839 Detail --------- - Difference EX-99.7 8 dex997.txt MONTHLY OPERATING REPORT LOGHORN SOLUTIONS 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: MARCH 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 4/20/01 - ------------------------------------ ---------------------------------- PRINTED NAME OF RESPONSIBLE PARTY DATE PREPARER: /s/ Jessica L. Wilson Chief Accounting Officer - ------------------------------------ ---------------------------------- ORIGINAL SIGNATURE OF PREPARER TITLE Jessica L. Wilson 4/20/01 - ------------------------------------ ---------------------------------- PRINTED NAME OF PREPARER DATE - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- Monthly Operating Report - ---------------------------------------- CASE NAME: Longhorn Solutions, Inc. ACCRUAL BASIS-1 - ---------------------------------------- - ---------------------------------------- CASE NUMBER: 400-42147-BJH-11 02/13/95, RWD, 2/96 - ----------------------------------------
- ---------------------------------------- COMPARATIVE BALANCE SHEET - ---------------------------------------------------------------------------------------------------------------------------- MONTH MONTH MONTH SCHEDULE ---------------------------------------------------- ASSETS AMOUNT January 2001 February 2001 March 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 $3,601 $3,601 - ----------------------------------------------------------------------------------------------------------------------------- 5. INVENTORY $0 $0 $0 - ----------------------------------------------------------------------------------------------------------------------------- 6. NOTES RECEIVABLE $0 $0 $0 - ----------------------------------------------------------------------------------------------------------------------------- 7. PREPAID EXPENSES $0 $0 $0 - ----------------------------------------------------------------------------------------------------------------------------- 8. OTHER (ATTACH LIST) $375,137 $755,788 $755,788 $755,538 - ----------------------------------------------------------------------------------------------------------------------------- 9. TOTAL CURRENT ASSETS $454,785 $759,389 $759,389 $759,139 - ----------------------------------------------------------------------------------------------------------------------------- 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 $2,723,098 $2,723,098 - ----------------------------------------------------------------------------------------------------------------------------- 15. OTHER (ATTACH LIST) $0 $0 $0 - ----------------------------------------------------------------------------------------------------------------------------- 16. TOTAL ASSETS $3,468,041 $3,482,487 $3,482,487 $3,482,237 - ----------------------------------------------------------------------------------------------------------------------------- POSTPETITION LIABILITIES - ----------------------------------------------------------------------------------------------------------------------------- 17. ACCOUNTS PAYABLE $0 $0 $0 - ----------------------------------------------------------------------------------------------------------------------------- 18. TAXES PAYABLE ($164) ($164) ($164) - ----------------------------------------------------------------------------------------------------------------------------- 19. NOTES PAYABLE $0 $0 $0 - ----------------------------------------------------------------------------------------------------------------------------- 20. PROFESSIONAL FEES $0 $0 $0 - ----------------------------------------------------------------------------------------------------------------------------- 21. SECURED DEBT $0 $0 $0 - ----------------------------------------------------------------------------------------------------------------------------- 22. OTHER (ATTACH LIST) $0 $0 $0 - ----------------------------------------------------------------------------------------------------------------------------- 23. TOTAL POSTPETITION LIABILITIES ($164) ($164) ($164) - ----------------------------------------------------------------------------------------------------------------------------- PREPETITION LIABILITIES - ----------------------------------------------------------------------------------------------------------------------------- 24. SECURED DEBT $0 $0 $0 - ----------------------------------------------------------------------------------------------------------------------------- 25. PRIORITY DEBT $73,455 $0 $0 $0 - ----------------------------------------------------------------------------------------------------------------------------- 26. UNSECURED DEBT $68,502 $62,673 $62,673 $62,673 - ----------------------------------------------------------------------------------------------------------------------------- 27. OTHER (ATTACH LIST) $1,225,717 $1,225,717 $1,225,717 - ----------------------------------------------------------------------------------------------------------------------------- 28. TOTAL PREPETITION LIABILITIES $141,957 $1,288,390 $1,288,390 $1,288,390 - ----------------------------------------------------------------------------------------------------------------------------- 29. TOTAL LIABILITIES $141,957 $1,288,226 $1,288,226 $1,288,226 - ----------------------------------------------------------------------------------------------------------------------------- EQUITY - ----------------------------------------------------------------------------------------------------------------------------- 30. PREPETITION OWNERS' EQUITY $2,194,261 $2,194,261 $2,194,261 - ----------------------------------------------------------------------------------------------------------------------------- 31. POSTPETITION CUMULATIVE PROFIT OR (LOSS) $0 $0 ($250) - ----------------------------------------------------------------------------------------------------------------------------- 32. DIRECT CHARGES TO EQUITY (ATTACH EXPLANATION) - ----------------------------------------------------------------------------------------------------------------------------- 33. TOTAL EQUITY $0 $2,194,261 $2,194,261 $2,194,011 - ----------------------------------------------------------------------------------------------------------------------------- 34. TOTAL LIABILITIES & OWNERS' EQUITY $141,957 $3,482,487 $3,482,487 $3,482,237 - -----------------------------------------------------------------------------------------------------------------------------
================================================================================ 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 February 2001 March 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 $250 $250 - ---------------------------------------------------------------------------------------------------------------------- 25. OTHER (ATTACH LIST) $0 $0 $0 $0 - ---------------------------------------------------------------------------------------------------------------------- 26. TOTAL REORGANIZATION EXPENSES $0 $0 $250 $250 - ---------------------------------------------------------------------------------------------------------------------- 27. INCOME TAX $0 $0 $0 $0 - ---------------------------------------------------------------------------------------------------------------------- 28. NET PROFIT (LOSS) $0 $0 ($250) ($250) - ----------------------------------------------------------------------------------------------------------------------
- -------------------------------------------------------------------------------- Monthly Operating Report - ---------------------------------------- CASE NAME: Longhorn Solutions, Inc. ACCRUAL BASIS-3 - ---------------------------------------- - ---------------------------------------- CASE NUMBER: 400-42147-BJH-11 02/13/95, RWD, 2/96 - ----------------------------------------
- ------------------------------------------------------------------------------------------------------- MONTH MONTH MONTH CASH RECEIPTS AND -------------------------------------------------- QUARTER DISBURSEMENTS January 2001 February 2001 March 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 February 2001 March 2001 - ----------------------------------------------------------------------------------------------------------------------------------- 1. 0-30 $0 $0 $0 - ----------------------------------------------------------------------------------------------------------------------------------- 2. 31-60 $0 $0 $0 - ----------------------------------------------------------------------------------------------------------------------------------- 3. 61-90 $0 $0 $0 - ----------------------------------------------------------------------------------------------------------------------------------- 4. 91+ $5,182 $5,182 $5,182 - ----------------------------------------------------------------------------------------------------------------------------------- 5. TOTAL ACCOUNTS RECEIVABLE $0 $5,182 $5,182 $5,182 - ----------------------------------------------------------------------------------------------------------------------------------- 6. AMOUNT CONSIDERED UNCOLLECTIBLE $1,581 $1,581 $1,581 - ----------------------------------------------------------------------------------------------------------------------------------- 7. ACCOUNTS RECEIVABLE (NET) $0 $3,601 $3,601 $3,601 - -----------------------------------------------------------------------------------------------------------------------------------
- ----------------------------------------- AGING OF POSTPETITION TAXES AND PAYABLES MONTH: March 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: March 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: March 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: March 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: March 2001 ------------------------------- QUESTIONNAIRE - ------------------------------------------------------------------------------------------------------------------------------------ YES NO - ------------------------------------------------------------------------------------------------------------------------------------ Q1. 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 March 2001 8. OTHER (ATTACH LIST) $ 755,538 Reported ------------ Intercompany Receivables 715,873 Deferred Taxes 36,717 Security Deposit 2,948 ------------ 755,538 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: March 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 dex998.txt MONTHLY OPERATING REPORT AIRCRAFT LEASING 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: MARCH 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 4/20/01 - ---------------------------------------- ------------------------------------- PRINTED NAME OF RESPONSIBLE PARTY DATE PREPARER: /s/ Kevin K. Craig CONTROLLER, KITTY HAWK INC. - ---------------------------------------- ------------------------------------- ORIGINAL SIGNATURE OF PREPARER TITLE KEVIN K. CRAIG 4/20/01 - ---------------------------------------- ------------------------------------- PRINTED NAME OF PREPARER DATE - -------------------------------------------------------------------------------- Monthly Operating Report - ------------------------------------- CASE NAME: AIRCRAFT LEASING, INC. ACCRUAL BASIS-1 - ------------------------------------- - ------------------------------------- CASE NUMBER: 400-42148-BJH-11 02/13/95, RWD, 2/96 - -------------------------------------
COMPARATIVE BALANCE SHEET - ------------------------------------------------------------------------------------------------------------------------------------ SCHEDULE MONTH MONTH MONTH -------------------------------------------------------------------- ASSETS AMOUNT JANUARY, 2001 FEBRUARY, 2001 MARCH, 2001 - ------------------------------------------------------------------------------------------------------------------------------------ 1. UNRESTRICTED CASH $0 $0 $0 $0 - ------------------------------------------------------------------------------------------------------------------------------------ 2. RESTRICTED CASH $0 $632,475 $320,642 $173,456 - ------------------------------------------------------------------------------------------------------------------------------------ 3. TOTAL CASH $0 $632,475 $320,642 $173,456 - ------------------------------------------------------------------------------------------------------------------------------------ 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) ($16,350,041) ($14,789,199) - ------------------------------------------------------------------------------------------------------------------------------------ 9. TOTAL CURRENT ASSETS ($33,904,344) ($17,445,711) ($16,029,399) ($14,615,743) - ------------------------------------------------------------------------------------------------------------------------------------ 10. PROPERTY, PLANT & EQUIPMENT $81,907,719 $75,028,395 $73,916,638 $73,916,638 - ------------------------------------------------------------------------------------------------------------------------------------ 11. LESS: ACCUMULATED DEPRECIATION / DEPLETION $33,669,772 $34,405,980 $34,212,945 $34,655,617 - ------------------------------------------------------------------------------------------------------------------------------------ 12. NET PROPERTY, PLANT & EQUIPMENT $48,237,946 $40,622,415 $39,703,693 $39,261,021 - ------------------------------------------------------------------------------------------------------------------------------------ 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 $23,674,294 $24,645,278 - ------------------------------------------------------------------------------------------------------------------------------------ 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 $3,390,721 $3,779,115 - ------------------------------------------------------------------------------------------------------------------------------------ 23. TOTAL POSTPETITION LIABILITIES $3,191,685 $3,390,721 $3,779,115 - ------------------------------------------------------------------------------------------------------------------------------------ PREPETITION LIABILITIES - ------------------------------------------------------------------------------------------------------------------------------------ 24. SECURED DEBT $2,811,382 $8,791 $8,791 $8,791 - ------------------------------------------------------------------------------------------------------------------------------------ 25. PRIORITY DEBT $0 $0 $0 $0 - ------------------------------------------------------------------------------------------------------------------------------------ 26. UNSECURED DEBT $0 $0 $0 $0 - ------------------------------------------------------------------------------------------------------------------------------------ 27. OTHER (ATTACH LIST) $1,300,001 $2,399,516 $2,399,516 $2,399,516 - ------------------------------------------------------------------------------------------------------------------------------------ 28. TOTAL PREPETITION LIABILITIES $4,111,383 $2,408,307 $2,408,307 $2,408,307 - ------------------------------------------------------------------------------------------------------------------------------------ 29. TOTAL LIABILITIES $4,111,383 $5,599,992 $5,799,028 $6,187,422 - ------------------------------------------------------------------------------------------------------------------------------------ EQUITY - ------------------------------------------------------------------------------------------------------------------------------------ 30. PREPETITION OWNERS' EQUITY $0 $12,789,185 $12,789,185 $12,789,185 - ------------------------------------------------------------------------------------------------------------------------------------ 31. POSTPETITION CUMULATIVE PROFIT OR (LOSS) $4,787,527 $5,086,081 $5,668,671 - ------------------------------------------------------------------------------------------------------------------------------------ 32. DIRECT CHARGES TO EQUITY (ATTACH EXPLANATION) $0 $0 $0 - ------------------------------------------------------------------------------------------------------------------------------------ 33. TOTAL EQUITY $0 $17,576,712 $17,875,266 $18,457,856 - ------------------------------------------------------------------------------------------------------------------------------------ 34. TOTAL LIABILITIES & OWNERS' EQUITY $4,111,383 $23,176,704 $23,674,294 $24,645,278 - ------------------------------------------------------------------------------------------------------------------------------------ $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 FEBRUARY, 2001 MARCH, 2001 TOTAL - --------------------------------------------------------------------------------------------------------------------------- 1. GROSS REVENUES $969,000 $969,000 $969,000 $2,907,000 - --------------------------------------------------------------------------------------------------------------------------- 2. LESS: RETURNS & DISCOUNTS $0 $0 $0 $0 - --------------------------------------------------------------------------------------------------------------------------- 3. NET REVENUE $969,000 $969,000 $969,000 $2,907,000 - --------------------------------------------------------------------------------------------------------------------------- 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 $969,000 $969,000 $2,907,000 - --------------------------------------------------------------------------------------------------------------------------- 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 $969,000 $969,000 $2,907,000 - --------------------------------------------------------------------------------------------------------------------------- OTHER INCOME & EXPENSES - --------------------------------------------------------------------------------------------------------------------------- 16. NON-OPERATING INCOME (ATT. LIST) ($7,247) ($4,640) ($1,985) ($13,872) - --------------------------------------------------------------------------------------------------------------------------- 17. NON-OPERATING EXPENSE (ATT. LIST) $0 $0 $0 $0 - --------------------------------------------------------------------------------------------------------------------------- 18. INTEREST EXPENSE $0 $0 $0 $0 - --------------------------------------------------------------------------------------------------------------------------- 19. DEPRECIATION / DEPLETION $443,020 $442,672 $437,672 $1,323,364 - --------------------------------------------------------------------------------------------------------------------------- 20. AMORTIZATION $0 $0 $0 $0 - --------------------------------------------------------------------------------------------------------------------------- 21. OTHER (ATTACH LIST) ($434,229) $33,378 ($442,672) ($843,523) - --------------------------------------------------------------------------------------------------------------------------- 22. NET OTHER INCOME & EXPENSES $1,544 $471,410 ($6,985) $465,969 - --------------------------------------------------------------------------------------------------------------------------- REORGANIZATION EXPENSES - --------------------------------------------------------------------------------------------------------------------------- 23. PROFESSIONAL FEES $0 $0 $0 $0 - --------------------------------------------------------------------------------------------------------------------------- 24. U.S. TRUSTEE FEES $0 $0 $5,000 $5,000 - --------------------------------------------------------------------------------------------------------------------------- 25. OTHER (ATTACH LIST) $0 $0 $0 $0 - --------------------------------------------------------------------------------------------------------------------------- 26. TOTAL REORGANIZATION EXPENSES $0 $0 $5,000 $5,000 - --------------------------------------------------------------------------------------------------------------------------- 27. INCOME TAX $386,983 $199,036 $388,394 $974,413 - --------------------------------------------------------------------------------------------------------------------------- 28. NET PROFIT (LOSS) $580,473 $298,554 $582,591 $1,461,618 - ---------------------------------------------------------------------------------------------------------------------------
- -------------------------------------------------------------------------------- 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 FEBRUARY, 2001 MARCH, 2001 TOTAL - ------------------------------------------------------------------------------------------------------------------------ 1. CASH - BEGINNING OF MONTH $1,167,478 $632,475 $320,642 $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 $4,640 $1,985 $13,872 - ------------------------------------------------------------------------------------------------------------------------ 9. TOTAL NON-OPERATING RECEIPTS $7,247 $4,640 $1,985 $13,872 - ------------------------------------------------------------------------------------------------------------------------ 10. TOTAL RECEIPTS $7,247 $4,640 $1,985 $13,872 - ------------------------------------------------------------------------------------------------------------------------ 11. TOTAL CASH AVAILABLE $1,174,725 $637,115 $322,627 $1,181,350 - ------------------------------------------------------------------------------------------------------------------------ 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 $316,473 $149,171 $1,007,894 - ------------------------------------------------------------------------------------------------------------------------ 28. U.S. TRUSTEE FEES $0 $0 $0 $0 - ------------------------------------------------------------------------------------------------------------------------ 29. OTHER (ATTACH LIST) $0 $0 $0 $0 - ------------------------------------------------------------------------------------------------------------------------ 30. TOTAL REORGANIZATION EXPENSES $542,250 $316,473 $149,171 $1,007,894 - ------------------------------------------------------------------------------------------------------------------------ 31. TOTAL DISBURSEMENTS $542,250 $316,473 $149,171 $1,007,894 - ------------------------------------------------------------------------------------------------------------------------ 32. NET CASH FLOW ($535,003) ($311,833) ($147,186) ($994,022) - ------------------------------------------------------------------------------------------------------------------------ 33. CASH - END OF MONTH $632,475 $320,642 $173,456 $173,456 - ------------------------------------------------------------------------------------------------------------------------
- -------------------------------------------------------------------------------- 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 FEBRUARY, 2001 MARCH, 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: MARCH, 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: MARCH, 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: 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: MARCH, 2001 ------------------------------- BANK RECONCILIATIONS Account #1 Account #2 Account #3 - ------------------------------------------------------------------------------------------------------------------------------------ A. BANK: - --------------------------------------------------------------------------------------------------------------- B. ACCOUNT NUMBER: TOTAL - --------------------------------------------------------------------------------------------------------------- C. PURPOSE (TYPE): - ------------------------------------------------------------------------------------------------------------------------------------ 1. BALANCE PER BANK STATEMENT $0 $0 - ------------------------------------------------------------------------------------------------------------------------------------ 2. ADD: TOTAL DEPOSITS NOT CREDITED $0 $0 - ------------------------------------------------------------------------------------------------------------------------------------ 3. SUBTRACT: OUTSTANDING CHECKS $0 $0 - ------------------------------------------------------------------------------------------------------------------------------------ 4. OTHER RECONCILING ITEMS $0 $0 - ------------------------------------------------------------------------------------------------------------------------------------ 5. MONTH END BALANCE PER BOOKS $0 $0 $0 $0 - ------------------------------------------------------------------------------------------------------------------------------------ 6. NUMBER OF LAST CHECK WRITTEN - ------------------------------------------------------------------------------------------------------------------------------------ INVESTMENT ACCOUNTS - ------------------------------------------------------------------------------------------------------------------------------------ DATE OF TYPE OF PURCHASE CURRENT BANK, ACCOUNT NAME & NUMBER PURCHASE INSTRUMENT PRICE VALUE - ------------------------------------------------------------------------------------------------------------------------------------ 7. BANK ONE TRUST (ESCROW) 6801456800* 1/3/00 MONEY MARKET $3,625,000 $0 - ------------------------------------------------------------------------------------------------------------------------------------ 8. HSBC Bank USA (ESCROW) #10-876110 6/19/00 MONEY MARKET $3,560,463 $173,456 - ------------------------------------------------------------------------------------------------------------------------------------ 9. - ------------------------------------------------------------------------------------------------------------------------------------ 10. - ------------------------------------------------------------------------------------------------------------------------------------ 11. TOTAL INVESTMENTS $173,456 - ------------------------------------------------------------------------------------------------------------------------------------ CASH - ------------------------------------------------------------------------------------------------------------------------------------ 12. CURRENCY ON HAND $0 - ------------------------------------------------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------------------------------------------------ 13. TOTAL CASH - END OF MONTH $173,456 - ------------------------------------------------------------------------------------------------------------------------------------
- -------------------------------------------------------------------------------- Monthly Operating Report - ------------------------------------------- CASE NAME: AIRCRAFT LEASING, INC. ACCRUAL BASIS-6 - ------------------------------------------- - ------------------------------------------- CASE NUMBER: 400-42148-BJH-11 02/13/95, RWD, 2/96 - ------------------------------------------- MONTH: MARCH, 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: MARCH, 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) $149,171 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: MARCH, 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) ($14,839,199) Intercompany Cummulative Receivable/Payable Credit Balance 1 - BS 22 a) $3,779,115 Accrued Federal Income Taxes (Post-petition) 1 - BS 27 a) $2,399,516 Accrued Taxes Payable (Pre-petition) 2 - IS 16 a) $1,985 Interest Income (from HSBC -Escrow account) 2 - IS 21 a) ($442,672) Credit for Allocation of A/C Costs to KH Cargo (vs I/C) 3 - CF 8 a) $1,985 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) $149,171 Disbursement to Successor Trustee of (HSBC- Escrow) account for Professional Fees, Transfer to KH Inc & KH Int'l ================================================================================ - --------------------------------------- CASE NAME: AIRCRAFT LEASING, INC. FOOTNOTES SUPPLEMENT - --------------------------------------- - --------------------------------------- CASE NUMBER: 400-42148-BJH-11 ACCRUAL BASIS - --------------------------------------- MONTH: MARCH, 2001 -----------------------------------------
- -------------------------------------------------------------------------------- ACCRUAL BASIS LINE FORM NUMBER NUMBER FOOTNOTE/EXPLANATION - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- 3 8 All cash received into the subsidiary cash account is swept - -------------------------------------------------------------------------------- each night to Kitty Hawk, Inc. Master Account - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- 3 31 All disbursements (either by wire transfer or check), including payroll, are - -------------------------------------------------------------------------------- disbursed out of the Kitty Hawk, Inc. controlled disbursement - -------------------------------------------------------------------------------- account. - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- 4 6 All assessments of uncollectible accounts receivable are done - -------------------------------------------------------------------------------- at Kitty Hawk, Inc. All reserves are recorded at Inc. and pushed - -------------------------------------------------------------------------------- down to Inc.'s subsidiaries as deemed necessary. - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- 7 3 All insurance policies are carried in the name of Kitty Hawk, Inc. and its - -------------------------------------------------------------------------------- subsidiaries. Therefore, they are listed here accordingly. - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- - --------------------------------------------------------------------------------
EX-99.9 10 dex999.txt MONTHLY OPERATING REPORT AMERICAN INTL. TRAVEL 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: MARCH 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 4/20/01 - ---------------------------------------- ------------------------------ PRINTED NAME OF RESPONSIBLE PARTY DATE PREPARER: /s/ Jessica L. Wilson Chief Accounting Officer - ---------------------------------------- ------------------------------ ORIGINAL SIGNATURE OF PREPARER TITLE Jessica L. Wilson 4/20/01 - ---------------------------------------- ------------------------------ PRINTED NAME OF PREPARER DATE
- ------------------------------------------------------------------------------------------------------------------------- Monthly Operating Report - ------------------------------------------------ CASE NAME: American International Travel, Inc. ACCRUAL BASIS-1 - ------------------------------------------------ - ------------------------------------------------ CASE NUMBER: 400-42149-BJH-11 02/13/95, RWD, 2/96 - ------------------------------------------------ - ------------------------------------------------ COMPARATIVE BALANCE SHEET - ------------------------------------------------------------------------------------------------------------------------- SCHEDULE MONTH MONTH MONTH -------------------------------------------------- ASSETS AMOUNT January 2001 February 2001 March 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) $ (439,539) $ (439,569) - ------------------------------------------------------------------------------------------------------------------------- 9. TOTAL CURRENT ASSETS $ 64,520 $ (439,539) $ (439,539) $ (439,569) - ------------------------------------------------------------------------------------------------------------------------- 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) $ (439,539) $ (439,569) - ------------------------------------------------------------------------------------------------------------------------- POSTPETITION LIABILITIES - ------------------------------------------------------------------------------------------------------------------------- 17. ACCOUNTS PAYABLE $ 0 $ 0 $ 250 - ------------------------------------------------------------------------------------------------------------------------- 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 $ 250 - ------------------------------------------------------------------------------------------------------------------------- PREPETITION LIABILITIES - ------------------------------------------------------------------------------------------------------------------------- 24. SECURED DEBT $ 0 $ 0 $ 0 - ------------------------------------------------------------------------------------------------------------------------- 25. PRIORITY DEBT $ 16,503 $ 0 $ 0 $ 0 - ------------------------------------------------------------------------------------------------------------------------- 26. UNSECURED DEBT $513,635 $ (84,891) $ (84,891) $ (84,891) - ------------------------------------------------------------------------------------------------------------------------- 27. OTHER (ATTACH LIST) $ 0 $ 0 $ 0 - ------------------------------------------------------------------------------------------------------------------------- 28. TOTAL PREPETITION LIABILITIES $530,138 $ (84,891) $ (84,891) $ (84,891) - ------------------------------------------------------------------------------------------------------------------------- 29. TOTAL LIABILITIES $530,138 $ (84,891) $ (84,891) $ (84,641) - ------------------------------------------------------------------------------------------------------------------------- EQUITY - ------------------------------------------------------------------------------------------------------------------------- 30. PREPETITION OWNERS' EQUITY $ (359,163) $ (359,163) $ (359,163) - ------------------------------------------------------------------------------------------------------------------------- 31. POSTPETITION CUMULATIVE PROFIT OR (LOSS) $ 4,515 $ 4,515 $ 4,235 - ------------------------------------------------------------------------------------------------------------------------- 32. DIRECT CHARGES TO EQUITY (ATTACH EXPLANATION) - ------------------------------------------------------------------------------------------------------------------------- 33. TOTAL EQUITY $ 0 $ (354,648) $ (354,648) $ (354,928) - ------------------------------------------------------------------------------------------------------------------------- 34. TOTAL LIABILITIES & OWNERS' EQUITY $530,138 $ (439,539) $ (439,539) $ (439,569) - ------------------------------------------------------------------------------------------------------------------------- - -------------------------------------------------------------------------------------------------------------------------
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 February 2001 March 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 $ 30 $ 30 - ------------------------------------------------------------------------------------------------------- 12. RENT & LEASE $ 0 $ 0 $ 0 $ 0 - ------------------------------------------------------------------------------------------------------- 13. OTHER (ATTACH LIST) $ 0 $ 0 $ 0 $ 0 - ------------------------------------------------------------------------------------------------------- 14. TOTAL OPERATING EXPENSES $ 0 $ 0 $ 30 $ 30 - ------------------------------------------------------------------------------------------------------- 15. INCOME BEFORE NON-OPERATING INCOME & EXPENSE $ 0 $ 0 $ (30) $ (30) - ------------------------------------------------------------------------------------------------------- OTHER INCOME & EXPENSES - ------------------------------------------------------------------------------------------------------- 16. NON-OPERATING INCOME (ATT. LIST) $ 0 $ 0 $ 0 $ 0 - ------------------------------------------------------------------------------------------------------- 17. NON-OPERATING EXPENSE (ATT. LIST) $ 0 $ 0 $ 0 $ 0 - ------------------------------------------------------------------------------------------------------- 18. INTEREST EXPENSE $ 0 $ 0 $ 0 $ 0 - ------------------------------------------------------------------------------------------------------- 19. DEPRECIATION / DEPLETION $ 0 $ 0 $ 0 $ 0 - ------------------------------------------------------------------------------------------------------- 20. AMORTIZATION $ 0 $ 0 $ 0 $ 0 - ------------------------------------------------------------------------------------------------------- 21. OTHER (ATTACH LIST) $ 0 $ 0 $ 0 $ 0 - ------------------------------------------------------------------------------------------------------- 22. NET OTHER INCOME & EXPENSES $ 0 $ 0 $ 0 $ 0 - ------------------------------------------------------------------------------------------------------- REORGANIZATION EXPENSES - ------------------------------------------------------------------------------------------------------- 23. PROFESSIONAL FEES $ 0 $ 0 $ 0 $ 0 - ------------------------------------------------------------------------------------------------------- 24. U.S. TRUSTEE FEES $ 0 $ 0 $ 250 $ 250 - ------------------------------------------------------------------------------------------------------- 25. OTHER (ATTACH LIST) $ 0 $ 0 $ 0 $ 0 - ------------------------------------------------------------------------------------------------------- 26. TOTAL REORGANIZATION EXPENSES $ 0 $ 0 $ 250 $ 250 - ------------------------------------------------------------------------------------------------------- 27. INCOME TAX $ 0 $ 0 $ 0 $ 0 - ------------------------------------------------------------------------------------------------------- 28. NET PROFIT (LOSS) $ 0 $ 0 $ (280) $ (280) - ------------------------------------------------------------------------------------------------------- - -------------------------------------------------------------------------------------------------------
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 February 2001 March 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 February 2001 March 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: March 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 $ 250 $ 0 $ 0 $ 0 $ 250 - ------------------------------------------------------------------------------------------------------- - ------------------------------------------------------------------------------------------------------- STATUS OF POSTPETITION TAXES MONTH: March 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: March 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: March 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: March 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 March 2001 8. OTHER (ATTACH LIST) (439,569) Reported ------------------- Intercompany Settlements 852 A/R KH International (246,860) CDI Inter-divisional Balancing (196,142) CDI - Debit/Credit Transfer 2,581 ------------------- (439,569) Detail ------------------- - Difference
- ------------------------------------------------------------------------------- CASE NAME: American International Travel, Inc. FOOTNOTES SUPPLEMENT - ------------------------------------------------------------------------------- CASE NUMBER: 400-42149-BJH-11 ACCRUAL BASIS - ------------------------------------------------------------------------------- MONTH: March 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. - -------------------------------------------------------------------------------------------------------- General This operation closed in May of 2000. Costs incurred to - -------------------------------------------------------------------------------------------------------- date consist 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 dex9910.txt MONTHLY OPERATING REPORT FLIGHT ONE LOGISTICS 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: MARCH 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 4/20/01 - --------------------------------------- -------------------------------- PRINTED NAME OF RESPONSIBLE PARTY DATE PREPARER: /s/ Jessica L. Wilson Chief Accounting Officer - --------------------------------------- -------------------------------- ORIGINAL SIGNATURE OF PREPARER TITLE Jessica L. Wilson 4/20/01 - --------------------------------------- -------------------------------- PRINTED NAME OF PREPARER DATE Monthly Operating Report CASE NAME: ACCRUAL BASIS-1 - --------------------------------------- Flight One Logistics, Inc. - --------------------------------------- - --------------------------------------- CASE NUMBER: 400-42069-BJH 02/13/95, RWD, 2/96 - ---------------------------------------
- --------------------------------------- COMPARATIVE BALANCE SHEET - --------------------------------------- SCHEDULE MONTH MONTH MONTH ------------------------------------------------------- ASSETS AMOUNT January 2001 February 2001 March 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 $20,742 $20,742 - ------------------------------------------------------------------------------------------------------- 5. INVENTORY $0 $0 $0 - ------------------------------------------------------------------------------------------------------- 6. NOTES RECEIVABLE $0 $0 $0 - ------------------------------------------------------------------------------------------------------- 7. PREPAID EXPENSES $0 $0 $0 - ------------------------------------------------------------------------------------------------------- 8. OTHER (ATTACH LIST) $39,149 $724 $724 $444 - ------------------------------------------------------------------------------------------------------- 9. TOTAL CURRENT ASSETS $39,149 $21,466 $21,466 $21,186 - -------------------------------------------------------------------------------------------------------- 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 $21,466 $21,186 - ------------------------------------------------------------------------------------------------------- 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) ($16,740) ($16,740) - ------------------------------------------------------------------------------------------------------- 27. OTHER (ATTACH LIST) $0 $0 $0 - ------------------------------------------------------------------------------------------------------- 28. TOTAL PREPETITION LIABILITIES $0 ($16,740) ($16,740) ($16,740) - ------------------------------------------------------------------------------------------------------- 29. TOTAL LIABILITIES $0 ($16,740) ($16,740) ($16,740) - ------------------------------------------------------------------------------------------------------- EQUITY - ------------------------------------------------------------------------------------------------------- 30. PREPETITION OWNERS' EQUITY $38,956 $38,956 $38,956 - ------------------------------------------------------------------------------------------------------- 31. POSTPETITION CUMULATIVE PROFIT OR (LOSS) ($750) ($750) ($1,030) - ------------------------------------------------------------------------------------------------------- 32. DIRECT CHARGES TO EQUITY (ATTACH EXPLANATION) - ------------------------------------------------------------------------------------------------------- 33. TOTAL EQUITY $0 $38,206 $38,206 $37,926 - ------------------------------------------------------------------------------------------------------- 34. TOTAL LIABILITIES & OWNERS' EQUITY $0 $21,466 $21,466 $21,186 - -------------------------------------------------------------------------------------------------------
Monthly Operating Report - ---------------------------------------------- CASE NAME: Flight One Logistics, Inc. ACCRUAL BASIS-2 - ---------------------------------------------- - ---------------------------------------------- CASE NUMBER: 400-42069-BJH 02/13/95, RWD, - ----------------------------------------------
- ---------------------------------------------- INCOME STATEMENT - ---------------------------------------------- MONTH MONTH MONTH QUARTER -------------------------------------------------- REVENUES January 2001 February 2001 March 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 $30 $30 - -------------------------------------------------------------------------------------------------- 12. RENT & LEASE $0 $0 $0 $0 - -------------------------------------------------------------------------------------------------- 13. OTHER (ATTACH LIST) $0 $0 $0 $0 - -------------------------------------------------------------------------------------------------- 14. TOTAL OPERATING EXPENSES $0 $0 $30 $30 - -------------------------------------------------------------------------------------------------- 15. INCOME BEFORE NON-OPERATING INCOME & EXPENSE $0 $0 ($30) ($30) - -------------------------------------------------------------------------------------------------- OTHER INCOME & EXPENSES - -------------------------------------------------------------------------------------------------- 16. NON-OPERATING INCOME (ATT. LIST) $0 $0 $0 $0 - -------------------------------------------------------------------------------------------------- 17. NON-OPERATING EXPENSE (ATT. LIST) $0 $0 $0 $0 - -------------------------------------------------------------------------------------------------- 18. INTEREST EXPENSE $0 $0 $0 $0 - -------------------------------------------------------------------------------------------------- 19. DEPRECIATION / DEPLETION $0 $0 $0 $0 - -------------------------------------------------------------------------------------------------- 20. AMORTIZATION $0 $0 $0 $0 - -------------------------------------------------------------------------------------------------- 21. OTHER (ATTACH LIST) $0 $0 $0 $0 - -------------------------------------------------------------------------------------------------- 22. NET OTHER INCOME & EXPENSES $0 $0 $0 $0 - -------------------------------------------------------------------------------------------------- REORGANIZATION EXPENSES - -------------------------------------------------------------------------------------------------- 23. PROFESSIONAL FEES $0 $0 $0 $0 - -------------------------------------------------------------------------------------------------- 24. U.S. TRUSTEE FEES $0 $0 $250 $250 - -------------------------------------------------------------------------------------------------- 25. OTHER (ATTACH LIST) $0 $0 $0 $0 - -------------------------------------------------------------------------------------------------- 26. TOTAL REORGANIZATION EXPENSES $0 $0 $250 $250 - -------------------------------------------------------------------------------------------------- 27. INCOME TAX $0 $0 $0 $0 - -------------------------------------------------------------------------------------------------- 28. NET PROFIT (LOSS) $0 $0 ($280) ($280) - -------------------------------------------------------------------------------------------------- ==================================================================================================
Monthly Operating Report - ---------------------------------------------- CASE NAME: Flight One Logistics, Inc. ACCRUAL BASIS-3 - ---------------------------------------------- - ---------------------------------------------- CASE NUMBER: 400-42069-BJH 02/13/95, RWD, 2/96 - ----------------------------------------------
MONTH MONTH MONTH QUARTER CASH RECEIPTS AND -------------------------------------------------- DISBURSEMENTS January 2001 February 2001 March 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 February 2001 March 2001 - ------------------------------------------------------------------------------------------------------------------ 1. 0-30 $0 $0 $0 - ------------------------------------------------------------------------------------------------------------------ 2. 31-60 $0 $0 $0 - ------------------------------------------------------------------------------------------------------------------ 3. 61-90 $0 $0 $0 - ------------------------------------------------------------------------------------------------------------------ 4. 91+ $20,742 $20,742 $20,742 - ------------------------------------------------------------------------------------------------------------------ 5. TOTAL ACCOUNTS RECEIVABLE $0 $20,742 $20,742 $20,742 - ------------------------------------------------------------------------------------------------------------------ 6. AMOUNT CONSIDERED UNCOLLECTIBLE $0 $0 $0 - ------------------------------------------------------------------------------------------------------------------ 7. ACCOUNTS RECEIVABLE (NET) $0 $20,742 $20,742 $20,742 - ------------------------------------------------------------------------------------------------------------------
AGING OF POSTPETITION TAXES AND PAYABLES MONTH: March 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: March 2001 - ----------------------------------------------------- ------------------------- BEGINNING AMOUNT ENDING TAX WITHHELD AND/ AMOUNT TAX FEDERAL LIABILITY* OR ACCRUED PAID LIABILITY - ------------------------------------------------------------------------------------------------------------------ 1. WITHHOLDING** $0 $0 $0 $0 - ------------------------------------------------------------------------------------------------------------------ 2. FICA-EMPLOYEE** $0 $0 $0 $0 - ------------------------------------------------------------------------------------------------------------------ 3. FICA-EMPLOYER** $0 $0 $0 $0 - ------------------------------------------------------------------------------------------------------------------ 4. UNEMPLOYMENT $0 $0 $0 $0 - ------------------------------------------------------------------------------------------------------------------ 5. INCOME $0 $0 $0 $0 - ------------------------------------------------------------------------------------------------------------------ 6. OTHER (ATTACH LIST) $0 $0 $0 $0 - ------------------------------------------------------------------------------------------------------------------ 7. TOTAL FEDERAL TAXES $0 $0 $0 $0 - ------------------------------------------------------------------------------------------------------------------ STATE AND LOCAL - ------------------------------------------------------------------------------------------------------------------ 8. WITHHOLDING $0 $0 $0 $0 - ------------------------------------------------------------------------------------------------------------------ 9. SALES $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: March 2001 ----------------------------
- -------------------------------- BANK RECONCILIATIONS - -------------------------------- Account #1 Account #2 Account #3 - ----------------------------------------------------------------------------------------------------------- A. BANK N/A - ----------------------------------------------------------------------------------------------------------- B. ACCOUNT NUMBER: N/A TOTAL - ----------------------------------------------------------------------------------------------------------- C. PURPOSE (TYPE) N/A - ----------------------------------------------------------------------------------------------------------- 1. BALANCE PER BANK STATEMENT $0 - ----------------------------------------------------------------------------------------------------------- 2. ADD: TOTAL DEPOSITS NOT CREDITED $0 - ----------------------------------------------------------------------------------------------------------- 3. SUBTRACT: OUTSTANDING CHECKS $0 - ----------------------------------------------------------------------------------------------------------- 4. OTHER RECONCILING ITEMS $0 - ----------------------------------------------------------------------------------------------------------- 5. MONTH END BALANCE PER BOOKS $0 $0 $0 $0 - ----------------------------------------------------------------------------------------------------------- 6. NUMBER OF LAST CHECK WRITTEN - -----------------------------------------------------------------------------------------------------------
- -------------------------------- INVESTMENT ACCOUNTS - -------------------------------- DATE OF TYPE OF PURCHASE CURRENT BANK, ACCOUNT NAME & NUMBER PURCHASE INSTRUMENT PRICE VALUE - ----------------------------------------------------------------------------------------------------------- 7. N/A - ----------------------------------------------------------------------------------------------------------- 8. N/A - ----------------------------------------------------------------------------------------------------------- 9. N/A - ----------------------------------------------------------------------------------------------------------- 10. N/A - ----------------------------------------------------------------------------------------------------------- 11. TOTAL INVESTMENTS $0 $0 - ----------------------------------------------------------------------------------------------------------- - -------------------------------- CASH - -------------------------------- - ----------------------------------------------------------------------------------------------------------- 12. CURRENCY ON HAND $0 - ----------------------------------------------------------------------------------------------------------- 13. TOTAL CASH - END OF MONTH $0 - ----------------------------------------------------------------------------------------------------------- - -----------------------------------------------------------------------------------------------------------
Monthly Operating Report - ---------------------------------------------- CASE NAME: Flight One Logistics, Inc. ACCRUAL BASIS-6 - ---------------------------------------------- - ---------------------------------------------- CASE NUMBER: 400-42069-BJH 02/13/95, RWD, 2/96 - ---------------------------------------------- MONTH: March 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: March 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. FOOTNOTES SUPPLEMENT CASE NUMBER: 400-42069-BJH ACCRUAL BASIS MONTH: March 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 ------------------------------------------------------------------------------- ------------------------------------------------------------------------------- General This is a non-operating Company. ------------------------------------------------------------------------------- ------------------------------------------------------------------------------- 4 6 All assessments of uncollectible accounts ------------------------------------------------------------------------------- receivable are done at Kitty Hawk, Inc. ------------------------------------------------------------------------------- Refer to Case #400-42141. All reserves ------------------------------------------------------------------------------- are recorded at Inc. and pushed down to ------------------------------------------------------------------------------- Inc.'s subsidiaries as deemed ------------------------------------------------------------------------------- necessary. ------------------------------------------------------------------------------- ------------------------------------------------------------------------------- 3 28 All payments are made by Kitty Hawk, Inc. ------------------------------------------------------------------------------- (Case #400-42141) ------------------------------------------------------------------------------- ------------------------------------------------------------------------------- ------------------------------------------------------------------------------- ------------------------------------------------------------------------------- ------------------------------------------------------------------------------- ------------------------------------------------------------------------------- ------------------------------------------------------------------------------- ------------------------------------------------------------------------------- CASE NAME: Flight One Logistics, Inc. CASE NUMBER: 400-42069-BJH Details of Other Items ACCRUAL BASIS-1 March 2001 8. OTHER (ATTACH LIST) $ 444 Reported --------------- Intercompany Receivables $ 444 Detail --------------- - Difference -----END PRIVACY-ENHANCED MESSAGE-----