-----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, UMDbEc12GoqEb5cI/gHuRWnGMgJ9dvOfnhjiSCLdEiBv7tKN8y0f7tDs93+Skc6X tcfOmufU1ZCqevegaBDrIw== 0000930661-01-501444.txt : 20010808 0000930661-01-501444.hdr.sgml : 20010808 ACCESSION NUMBER: 0000930661-01-501444 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 11 CONFORMED PERIOD OF REPORT: 20010727 ITEM INFORMATION: Other events ITEM INFORMATION: Financial statements and exhibits FILED AS OF DATE: 20010807 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: 1934 Act SEC FILE NUMBER: 000-25202 FILM NUMBER: 1699508 BUSINESS ADDRESS: STREET 1: P O BOX 612787 STREET 2: 1515 W 20TH ST CITY: DALLAS/FT WORTH INTN STATE: TX ZIP: 75261 BUSINESS PHONE: 9724562200 MAIL ADDRESS: STREET 1: P O BOX 612787 STREET 2: 1515 W 20TH ST CITY: DALLAS/FT WORTH INTN 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): July 27, 2001 Kitty Hawk, Inc. (Exact name of registrant as specified in charter) Delaware 0-25202 75-2564006 (State or other jurisdiction (Commission File Number) (IRS Employer of incorporation) 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 June 30, 2001 that the Company filed with the United States Bankruptcy Court for the Northern District of Texas, Fort Worth Division on July 27, 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 June 30, 2001 (1) 99.2 Monthly Operating Report for Kitty Hawk Aircargo, Inc. for the Period Ended June 30, 2001 (1) 99.3 Monthly Operating Report for Kitty Hawk Charters, Inc. for the Period Ended June 30, 2001 (1) 99.4 Monthly Operating Report for Kitty Hawk International, Inc. for the Period Ended June 30, 2001 (1) 99.5 Monthly Operating Report for Kitty Hawk Cargo, Inc. for the Period Ended June 30, 2001 (1) 99.6 Monthly Operating Report for O.K. Turbines, Inc. for the Period Ended June 30, 2001 (1) 99.7 Monthly Operating Report for Longhorn Solutions, Inc. for the Period Ended June 30, 2001 (1) 99.8 Monthly Operating Report for Aircraft Leasing, Inc. for the Period Ended June 30, 2001 (1) 99.9 Monthly Operating Report for American International Travel, Inc. for the Period Ended June 30, 2001 (1) 99.10 Monthly Operating Report for Flight One Logistics, Inc. for the Period Ended June 30, 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: August 7, 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 June 30, 2001 99.2 Monthly Operating Report for Kitty Hawk Aircargo, Inc. for the Period Ended June 30, 2001 99.3 Monthly Operating Report for Kitty Hawk Charters Inc. for the Period Ended June 30, 2001 99.4 Monthly Operating Report for Kitty Hawk International Inc. for the Period Ended June 30, 2001 99.5 Monthly Operating Report for Kitty Hawk Cargo, Inc. for the Period Ended June 30, 2001 99.6 Monthly Operating Report for OK Turbines, Inc. for the Period Ended June 30, 2001 99.7 Monthly Operating Report for Longhorn Solutions, Inc. for the Period Ended June 30, 2001 99.8 Monthly Operating Report for Aircraft Leasing, Inc. for the Period Ended June 30, 2001 99.9 Monthly Operating Report for American International Travel, Inc. for the Period Ended June 30, 2001 99.10 Monthly Operating Report for Flight One Logistics, Inc. for the Period Ended June 30, 2001 EX-99.1 3 dex991.txt MONTHLY OPERATING REPORT KITTY HAWK, INC. 6-30-2001 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: JUNE 30, 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 7/27/01 - ------------------------------------------ ------------------------------ PRINTED NAME OF RESPONSIBLE PARTY DATE PREPARER: /s/ Jessica L. Wilson Chief Accounting Officer - ------------------------------------------- ------------------------------ ORIGINAL SIGNATURE OF PREPARER TITLE Jessica L. Wilson 7/27/01 - ------------------------------------------- ------------------------------ 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 April 2001 May 2001 June 2000 - --------------------------------------------------------------------------------------------------------------------------- 1. UNRESTRICTED CASH $ 13,401,586 $ 43,348,802 $ 43,878,846 $ 38,294,348 - --------------------------------------------------------------------------------------------------------------------------- 2. RESTRICTED CASH $ 0 $ 0 $ 0 - --------------------------------------------------------------------------------------------------------------------------- 3. TOTAL CASH $ 13,401,586 $ 43,348,802 $ 43,878,846 $ 38,294,348 - --------------------------------------------------------------------------------------------------------------------------- 4. ACCOUNTS RECEIVABLE (NET) ($12,614,884) ($12,434,824) ($12,270,627) - --------------------------------------------------------------------------------------------------------------------------- 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 $ 646,650 $ 633,586 $ 636,855 - --------------------------------------------------------------------------------------------------------------------------- 8. OTHER (ATTACH LIST) $422,186,692 $ 339,561,086 $ 337,816,272 $ 342,464,579 - --------------------------------------------------------------------------------------------------------------------------- 9. TOTAL CURRENT ASSETS $435,603,278 $ 369,939,987 $ 368,892,213 $ 368,123,488 - --------------------------------------------------------------------------------------------------------------------------- 10. PROPERTY, PLANT & EQUIPMENT $ 2,425,652 $ 6,083,445 $ 6,092,495 $ 6,096,803 - --------------------------------------------------------------------------------------------------------------------------- 11. LESS: ACCUMULATED DEPRECIATION / DEPLETION $ 2,254,713 $ 2,333,098 $ 2,411,855 - --------------------------------------------------------------------------------------------------------------------------- 12. NET PROPERTY, PLANT & EQUIPMENT $ 2,425,652 $ 3,828,732 $ 3,759,397 $ 3,684,948 - --------------------------------------------------------------------------------------------------------------------------- 13. DUE FROM INSIDERS $ 62,465 $ 219,367 $ 219,367 $ 219,367 - --------------------------------------------------------------------------------------------------------------------------- 14. OTHER ASSETS - NET OF AMORTIZATION (ATTACH LIST) $ 10,967,208 $ 9,579,218 $ 9,508,617 $ 9,438,016 - --------------------------------------------------------------------------------------------------------------------------- 15. OTHER (ATTACH LIST) $138,370,015 $ 138,370,015 $ 138,370,015 $ 138,370,015 - --------------------------------------------------------------------------------------------------------------------------- 16. TOTAL ASSETS $587,428,618 $ 521,937,319 $ 520,749,609 $ 519,835,834 - --------------------------------------------------------------------------------------------------------------------------- POSTPETITION LIABILITIES - --------------------------------------------------------------------------------------------------------------------------- 17. ACCOUNTS PAYABLE $ 533,734 $ 167,453 $ 733,951 - --------------------------------------------------------------------------------------------------------------------------- 18. TAXES PAYABLE $ 0 $ 0 $ 0 - --------------------------------------------------------------------------------------------------------------------------- 19. NOTES PAYABLE $ 0 $ 0 $ 0 - --------------------------------------------------------------------------------------------------------------------------- 20. PROFESSIONAL FEES $ 790,477 $ 1,003,051 $ 1,470,036 - --------------------------------------------------------------------------------------------------------------------------- 21. SECURED DEBT $ 0 $ 0 $ 0 - --------------------------------------------------------------------------------------------------------------------------- 22. OTHER (ATTACH LIST) $ 2,365,553 $ 1,933,271 $ 1,482,984 - --------------------------------------------------------------------------------------------------------------------------- 23. TOTAL POSTPETITION LIABILITIES $ 3,689,764 $ 3,103,775 $ 3,686,971 - --------------------------------------------------------------------------------------------------------------------------- PREPETITION LIABILITIES - --------------------------------------------------------------------------------------------------------------------------- 24. SECURED DEBT $466,119,468 $ 388,707,807 $ 388,106,144 $386,609,173 - --------------------------------------------------------------------------------------------------------------------------- 25. PRIORITY DEBT $ 29,661 $ 0 $ 0 $ 0 - --------------------------------------------------------------------------------------------------------------------------- 26. UNSECURED DEBT $ 22,580,547 $ 2,232,268 $ 2,232,210 $ 2,232,210 - --------------------------------------------------------------------------------------------------------------------------- 27. OTHER (ATTACH LIST) $ 0 $ 28,849,513 $ 28,849,513 $ 28,849,513 - --------------------------------------------------------------------------------------------------------------------------- 28. TOTAL PREPETITION LIABILITIES $488,729,676 $ 419,789,588 $ 419,187,867 $417,690,896 - --------------------------------------------------------------------------------------------------------------------------- 29. TOTAL LIABILITIES $488,729,676 $ 423,479,352 $ 422,291,642 $421,377,867 - --------------------------------------------------------------------------------------------------------------------------- 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 $ 521,937,319 $ 520,749,609 $519,835,834 - ---------------------------------------------------------------------------------------------------------------------------
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 April 2001 May 2001 June 2000 TOTAL - ----------------------------------------------------------------------------------------------------------------------------------- 1. GROSS REVENUES $ 0 $ 0 $ 0 $ 0 - ----------------------------------------------------------------------------------------------------------------------------------- 2. LESS: RETURNS & DISCOUNTS $ 0 $ 0 $ 0 $ 0 - ----------------------------------------------------------------------------------------------------------------------------------- 3. NET REVENUE $ 0 $ 0 $ 0 $ 0 - ----------------------------------------------------------------------------------------------------------------------------------- COST OF GOODS SOLD - ----------------------------------------------------------------------------------------------------------------------------------- 4. MATERIAL $ 0 $ 0 $ 0 $ 0 - ----------------------------------------------------------------------------------------------------------------------------------- 5. DIRECT LABOR $ 0 $ 0 $ 0 $ 0 - ----------------------------------------------------------------------------------------------------------------------------------- 6. DIRECT OVERHEAD $ 0 $ 0 $ 0 $ 0 - ----------------------------------------------------------------------------------------------------------------------------------- 7. TOTAL COST OF GOODS SOLD $ 0 $ 0 $ 0 $ 0 - ----------------------------------------------------------------------------------------------------------------------------------- 8. GROSS PROFIT $ 0 $ 0 $ 0 $ 0 - ----------------------------------------------------------------------------------------------------------------------------------- OPERATING EXPENSES - ----------------------------------------------------------------------------------------------------------------------------------- 9. OFFICER / INSIDER COMPENSATION $ 107,083 $ 107,083 $ 107,083 $ 321,249 - ----------------------------------------------------------------------------------------------------------------------------------- 10. SELLING & MARKETING $ 0 $ 0 $ 0 $ 0 - ----------------------------------------------------------------------------------------------------------------------------------- 11. GENERAL & ADMINISTRATIVE ($926,888) ($1,385,667) ($1,085,090) ($3,397,645) - ----------------------------------------------------------------------------------------------------------------------------------- 12. RENT & LEASE $ 29,233 $ 29,683 $ 33,997 $ 92,913 - ----------------------------------------------------------------------------------------------------------------------------------- 13. OTHER (ATTACH LIST) $ 0 $ 0 $ 0 $ 0 - ----------------------------------------------------------------------------------------------------------------------------------- 14. TOTAL OPERATING EXPENSES ($790,572) ($1,248,901) ($944,010) ($2,983,483) - ----------------------------------------------------------------------------------------------------------------------------------- 15. INCOME BEFORE NON-OPERATING INCOME & EXPENSE $ 790,572 $ 1,248,901 $ 944,010 $ 2,983,483 - ----------------------------------------------------------------------------------------------------------------------------------- OTHER INCOME & EXPENSES - ----------------------------------------------------------------------------------------------------------------------------------- 16. NON-OPERATING INCOME (ATT. LIST) ($134,266) ($205,976) ($102,299) ($442,541) - ----------------------------------------------------------------------------------------------------------------------------------- 17. NON-OPERATING EXPENSE (ATT. LIST) $ 0 $ 0 $ 0 $ 0 - ----------------------------------------------------------------------------------------------------------------------------------- 18. INTEREST EXPENSE $ 0 $ 0 $ 0 $ 0 - ----------------------------------------------------------------------------------------------------------------------------------- 19. DEPRECIATION / DEPLETION $ 78,385 $ 78,385 $ 78,757 $ 235,527 - ----------------------------------------------------------------------------------------------------------------------------------- 20. AMORTIZATION $ 76,984 $ 76,984 $ 76,984 $ 230,952 - ----------------------------------------------------------------------------------------------------------------------------------- 21. OTHER (ATTACH LIST) $ 0 $ 0 $ 0 $ 0 - ----------------------------------------------------------------------------------------------------------------------------------- 22. NET OTHER INCOME & EXPENSES $ 21,103 ($50,607) $ 53,442 $ 23,938 - ----------------------------------------------------------------------------------------------------------------------------------- REORGANIZATION EXPENSES - ----------------------------------------------------------------------------------------------------------------------------------- 23. PROFESSIONAL FEES $ 769,469 $ 1,299,508 $ 880,568 $ 2,949,545 - ----------------------------------------------------------------------------------------------------------------------------------- 24. U.S. TRUSTEE FEES $ 0 $ 0 $ 10,000 $ 10,000 - ----------------------------------------------------------------------------------------------------------------------------------- 25. OTHER (ATTACH LIST) $ 0 $ 0 $ 0 $ 0 - ----------------------------------------------------------------------------------------------------------------------------------- 26. TOTAL REORGANIZATION EXPENSES $ 769,469 $ 1,299,508 $ 890,568 $ 2,959,545 - ----------------------------------------------------------------------------------------------------------------------------------- 27. INCOME TAX $ 0 $ 0 $ 0 $ 0 - ----------------------------------------------------------------------------------------------------------------------------------- 28. NET PROFIT (LOSS) $ 0 $ 0 $ 0 $ 0 - -----------------------------------------------------------------------------------------------------------------------------------
Monthly Operating Report - ---------------------------------------------------- CASE NAME: Kitty Hawk, Inc. ACCRUAL BASIS-3 - ---------------------------------------------------- - ---------------------------------------------------- CASE NUMBER: 400-42141-BJH 02/13/95, RWD, 2/96 - ---------------------------------------------------- MONTH MONTH MONTH QUARTER CASH RECEIPTS AND ------------------------------------------------------------- DISBURSEMENTS April 2001 May 2001 June 2000 TOTAL - ------------------------------------------------------------------------------------------------------------------------------- 1. CASH - BEGINNING OF MONTH $41,616,063 $43,348,802 $ 43,878,846 $ 41,616,063 - ------------------------------------------------------------------------------------------------------------------------------- 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) $30,936,700 $23,052,811 $ 25,788,299 $ 79,777,810 - ------------------------------------------------------------------------------------------------------------------------------- 9. TOTAL NON-OPERATING RECEIPTS $30,936,700 $23,052,811 $ 25,788,299 $ 79,777,810 - ------------------------------------------------------------------------------------------------------------------------------- 10. TOTAL RECEIPTS $30,936,700 $23,052,811 $ 25,788,299 $ 79,777,810 - ------------------------------------------------------------------------------------------------------------------------------- 11. TOTAL CASH AVAILABLE $72,552,763 $66,401,613 $ 69,667,145 $121,393,873 - ------------------------------------------------------------------------------------------------------------------------------- OPERATING DISBURSEMENTS - ------------------------------------------------------------------------------------------------------------------------------- 12. NET PAYROLL $ 3,222,346 $ 3,014,395 $ 4,000,183 $ 10,236,924 - ------------------------------------------------------------------------------------------------------------------------------- 13. PAYROLL TAXES PAID $ 1,369,709 $ 1,264,576 $ 1,653,402 $ 4,287,687 - ------------------------------------------------------------------------------------------------------------------------------- 14. SALES, USE & OTHER TAXES PAID $ 54,341 $ 16,721 $ 0 $ 71,062 - ------------------------------------------------------------------------------------------------------------------------------- 15. SECURED / RENTAL / LEASES $ 5,981,950 $ 2,738,449 $ 6,099,286 $ 14,819,685 - ------------------------------------------------------------------------------------------------------------------------------- 16. UTILITIES $ 62,628 $ 70,288 $ 42,005 $ 174,921 - ------------------------------------------------------------------------------------------------------------------------------- 17. INSURANCE $ 866,402 $ 536,597 $ 1,068,931 $ 2,471,930 - ------------------------------------------------------------------------------------------------------------------------------- 18. INVENTORY PURCHASES $ 0 $ 0 $ 0 $ 0 - ------------------------------------------------------------------------------------------------------------------------------- 19. VEHICLE EXPENSES $ 0 $ 0 $ 0 $ 0 - ------------------------------------------------------------------------------------------------------------------------------- 20. TRAVEL $ 1,000,365 $ 766,320 $ 786,185 $ 2,552,870 - ------------------------------------------------------------------------------------------------------------------------------- 21. ENTERTAINMENT $ 0 $ 0 $ 0 $ 0 - ------------------------------------------------------------------------------------------------------------------------------- 22. REPAIRS & MAINTENANCE $ 3,431,410 $ 3,205,047 $ 2,560,828 $ 9,197,285 - ------------------------------------------------------------------------------------------------------------------------------- 23. SUPPLIES $ 0 $ 0 $ 0 $ 0 - ------------------------------------------------------------------------------------------------------------------------------- 24. ADVERTISING $ 8,340 $ 10,525 $ 12,831 $ 31,696 - ------------------------------------------------------------------------------------------------------------------------------- 25. OTHER (ATTACH LIST) $12,732,723 $ 9,818,790 $ 14,692,197 $ 37,243,710 - ------------------------------------------------------------------------------------------------------------------------------- 26. TOTAL OPERATING DISBURSEMENTS $28,730,214 $21,441,708 $ 30,915,848 $ 81,087,770 - ------------------------------------------------------------------------------------------------------------------------------- REORGANIZATION EXPENSES - ------------------------------------------------------------------------------------------------------------------------------- 27. PROFESSIONAL FEES $ 456,997 $ 1,081,059 $ 456,949 $ 1,995,005 - ------------------------------------------------------------------------------------------------------------------------------- 28. U.S. TRUSTEE FEES $ 16,750 $ 0 $ 0 $ 16,750 - ------------------------------------------------------------------------------------------------------------------------------- 29. OTHER (ATTACH LIST) $ 0 $ 0 $ 0 $ 0 - ------------------------------------------------------------------------------------------------------------------------------- 30. TOTAL REORGANIZATION EXPENSES $ 473,747 $ 1,081,059 $ 456,949 $ 2,011,755 - ------------------------------------------------------------------------------------------------------------------------------- 31. TOTAL DISBURSEMENTS $29,203,961 $22,522,767 $ 31,372,797 $ 83,099,525 - ------------------------------------------------------------------------------------------------------------------------------- 32. NET CASH FLOW $ 1,732,739 $ 530,044 ($5,584,498) ($3,321,715) - ------------------------------------------------------------------------------------------------------------------------------- 33. CASH - END OF MONTH $43,348,802 $43,878,846 $ 38,294,348 $ 38,294,348 - -------------------------------------------------------------------------------------------------------------------------------
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 April 2001 May 2001 June 2000 - ------------------------------------------------------------------------------------------------------------------ 1. 0-30 $ 14,120 $ 0 $ 0 - ------------------------------------------------------------------------------------------------------------------ 2. 31-60 $ 0 $ 12,885 $ 0 - ------------------------------------------------------------------------------------------------------------------ 3. 61-90 $ 2,752 $ 1,234 $ 12,885 - ------------------------------------------------------------------------------------------------------------------ 4. 91+ $ 47,000 $ 49,752 $ 50,986 - ------------------------------------------------------------------------------------------------------------------ 5. TOTAL ACCOUNTS RECEIVABLE $ 0 $ 63,872 $ 63,871 $ 63,871 - ------------------------------------------------------------------------------------------------------------------ 6. AMOUNT CONSIDERED UNCOLLECTIBLE $ 12,678,756 $ 12,498,695 $ 12,334,498 - ------------------------------------------------------------------------------------------------------------------ 7. ACCOUNTS RECEIVABLE (NET) $ 0 ($12,614,884) ($12,434,824) ($12,270,627) - ------------------------------------------------------------------------------------------------------------------ AGING OF POSTPETITION TAXES AND PAYABLES MONTH: June 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 $240,503 $58,461 $ 9,694 $ 425,293 $ 733,951 - ------------------------------------------------------------------------------------------------------------------ STATUS OF POSTPETITION TAXES MONTH: June 2001 -------------------------------- BEGINNING AMOUNT ENDING TAX WITHHELD AND/ AMOUNT TAX FEDERAL LIABILITY* 0R ACCRUED PAID LIABILITY - ------------------------------------------------------------------------------------------------------------------ 1. WITHHOLDING** $ 0 $ 136,497 $ 136,497 $ 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 $ 136,497 $ 136,497 $ 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 $ 136,497 $ 136,497 $ 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: June 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 $ 197,094 $ 50,000 $ 635,648 $ 1,044,796 - ---------------------------------------------------------------------------------------------------------- 2. ADD: TOTAL DEPOSITS NOT CREDITED $ 0 $ 0 $ 0 $ 0 - ---------------------------------------------------------------------------------------------------------- 3. SUBTRACT: OUTSTANDING CHECKS $ 2,715,679 $ 0 $ 0 $ 2,857,569 - ---------------------------------------------------------------------------------------------------------- 4. OTHER RECONCILING ITEMS ($7,482) $ 0 $ 0 ($7,482) - ---------------------------------------------------------------------------------------------------------- 5. MONTH END BALANCE PER BOOKS ($2,526,067) $ 50,000 $ 635,648 ($1,840,419) - ---------------------------------------------------------------------------------------------------------- 6. NUMBER OF LAST CHECK WRITTEN No checks 33111 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 6/30/01 Overnight Sweep $ 39,507,988 $39,507,988 - ---------------------------------------------------------------------------------------------------------- 9. N/A - ---------------------------------------------------------------------------------------------------------- 10. N/A - ---------------------------------------------------------------------------------------------------------- 11. TOTAL INVESTMENTS $ 40,107,988 $40,113,103 - ---------------------------------------------------------------------------------------------------------- CASH - ----------------------------------------------- 12. CURRENCY ON HAND $ 1,500 - ---------------------------------------------------------------------------------------------------------- 13. TOTAL CASH - END OF MONTH $38,294,348 - ----------------------------------------------------------------------------------------------------------
- ---------------------------------------------------------------------------------------------------------------------- Monthly Operating Report ---------------------------------------------------------- CASE NAME: Kitty Hawk, Inc. ACCRUAL BASIS-5 ---------------------------------------------------------- ---------------------------------------------------------- CASE NUMBER: 400-42141-BJH 2/13/95, 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: June 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 $141,890 $20,164 $162,054 -------------------------------------------------------------------------------------------------------------- 2. ADD: TOTAL DEPOSITS NOT CREDITED $0 $0 $0 $0 -------------------------------------------------------------------------------------------------------------- 3. SUBTRACT: OUTSTANDING CHECKS $0 $141,890 $0 $141,890 -------------------------------------------------------------------------------------------------------------- 4. OTHER RECONCILING ITEMS $0 $0 $0 $0 -------------------------------------------------------------------------------------------------------------- 5. MONTH END BALANCE PER BOOKS $0 $0 $20,164 $ 20,164 -------------------------------------------------------------------------------------------------------------- 6. NUMBER OF LAST CHECK WRITTEN 82113 149953 11065 -------------------------------------------------------------------------------------------------------------- --------------------------------------- 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 $ 20,164 -------------------------------------------------------------------------------------------------------------- - ----------------------------------------------------------------------------------------------------------------------
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: June 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: June 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 $ 7,916 $ 105,833 - ----------------------------------------------------------------------------------- 2. Jim Craig Salary $ 33,333 $ 333,334 - ----------------------------------------------------------------------------------- 3. Janie Garrard Salary $ 0 $ 2,625 - ----------------------------------------------------------------------------------- 4. Drew Keith Salary $ 32,500 $ 331,462 - ----------------------------------------------------------------------------------- 5 Lena Baker Salary $ 0 $ 7,500 - ----------------------------------------------------------------------------------- 6 Jim Reeves Salary $ 33,333 $ 433,329 - ----------------------------------------------------------------------------------- 7 John Turnipseed Salary $ 0 $ 41,668 - ----------------------------------------------------------------------------------- 8 TOTAL PAYMENTS TO INSIDERS $107,082 $1,255,751 - ----------------------------------------------------------------------------------- PROFESSIONALS - ----------------------------------------------------------------------------------------------------------------------- DATE OF COURT TOTAL ORDER AUTHORIZING AMOUNT AMOUNT TOTAL PAID INCURRED NAME PAYMENT APPROVED PAID TO DATE & UNPAID * - ----------------------------------------------------------------------------------------------------------------------- 1. Lain Faulkner $ 0 $ 818,587 $ 150,583 - ----------------------------------------------------------------------------------------------------------------------- 2. Haynes and Boone $ 0 $3,015,110 $ 587,959 - ----------------------------------------------------------------------------------------------------------------------- 3. The Seabury Group $ 225,000 $1,950,000 $ 0 - ----------------------------------------------------------------------------------------------------------------------- 4. Forshey & Prostock $ 0 $ 365,670 $ 0 - ----------------------------------------------------------------------------------------------------------------------- 5 Price Waterhouse $ 0 $ 386,015 $ 257,477 Coopers - ----------------------------------------------------------------------------------------------------------------------- 6 Jay Alix and $ 0 $ 785,310 $ 95,158 Associates - ----------------------------------------------------------------------------------------------------------------------- 7 Andrews & Kurth $ 0 $ 995,467 $ 270,000 - ----------------------------------------------------------------------------------------------------------------------- 8 Jenkins & Gilchrist $ 0 $ 47,474 $ 0 - ----------------------------------------------------------------------------------------------------------------------- 9 Ford and Harrison $ 0 $ 218,196 $ 5,629 - ----------------------------------------------------------------------------------------------------------------------- 10 Grant Thornton $ 0 $ 245,344 $ 7,450 - ----------------------------------------------------------------------------------------------------------------------- 11 Verner Liipfert $ 0 $ 580,106 $ 95,780 - ----------------------------------------------------------------------------------------------------------------------- 12 The Ivy Group $ 81,900 $ 81,900 $ 0 - ----------------------------------------------------------------------------------------------------------------------- 13 TOTAL PAYMENTS TO PROFESSIONALS $ 0 $ 306,900 $9,489,179 $1,470,036 - ----------------------------------------------------------------------------------------------------------------------- * 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: June 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 $1.5 million on its revolving credit facility in accordance with various court orders. Cash used in the payments were a result of asset sales (aircraft and inventory) and internally generated cash. - ----------------------------------------------------------------------------------------------------------------------- - ----------------------------------------------------------------------------------------------------------------------- INSURANCE YES NO - ----------------------------------------------------------------------------------------------------------------------- 1. ARE WORKER'S COMPENSATION, GENERAL LIABILITY AND OTHER NECESSARY INSURANCE COVERAGES IN EFFECT? X - ----------------------------------------------------------------------------------------------------------------------- 2. ARE ALL PREMIUM PAYMENTS PAID CURRENT? X - ----------------------------------------------------------------------------------------------------------------------- 3. PLEASE ITEMIZE POLICIES BELOW. - ----------------------------------------------------------------------------------------------------------------------- IF THE ANSWER TO ANY OF THE ABOVE QUESTIONS IS "NO," OR IF ANY POLICIES HAVE BEEN CANCELLED OR NOT RENEWED DURING THIS REPORTING PERIOD, PROVIDE AN EXPLANATION BELOW. ATTACH ADDITIONAL SHEETS IF NECESSARY. - ----------------------------------------------------------------------------------------------------------------------- - ----------------------------------------------------------------------------------------------------------------------- INSTALLMENT PAYMENTS - ----------------------------------------------------------------------------------------------------------------------- TYPE OF PAYMENT AMOUNT POLICY CARRIER PERIOD COVERED & FREQUENCY - ----------------------------------------------------------------------------------------------------------------------- 121 Aircraft Aviation 6/1/2001 - 5/31/2002 781,160 Quarterly Insurance Agency - ----------------------------------------------------------------------------------------------------------------------- Workers Comp Aviation 01/01/2001 - 12/31/2001 95,000 Monthly Agency - ----------------------------------------------------------------------------------------------------------------------- Inland CGU 4/1/2001 - 3/31/2002 9,902 Monthly Marine/Property - ----------------------------------------------------------------------------------------------------------------------- Professional Liab Aviation 6/1/2001 - 5/31/2002 25,291 Annual Agency - ----------------------------------------------------------------------------------------------------------------------- 135 Aircraft Aviation 10/1/2000 - 9/30/2001 100,266 Quarterly Insurance Agency - ----------------------------------------------------------------------------------------------------------------------- Primary Auto Aviation 4/1/2001 - 3/31/2002 10,827 Monthly Agency - ----------------------------------------------------------------------------------------------------------------------- Excess Auto Aviation 4/1/2001 - 3/31/2002 29,870 Annual Agency - ----------------------------------------------------------------------------------------------------------------------- Aggregate Claims Liab Reliastar 5/1/2001 - 4/30/2002 15,000 Annually - ----------------------------------------------------------------------------------------------------------------------- Claims Admin Runout CIGNA 5/1/2001 - 4/30/2002 125,779 One time - ----------------------------------------------------------------------------------------------------------------------- Pilot Long Term UNUM 5/1/2001 - 4/30/2002 7,975 Monthly Disabl - ----------------------------------------------------------------------------------------------------------------------- Stop Loss Reliastar 5/1/2001 - 4/30/2002 31,635 Monthly - ----------------------------------------------------------------------------------------------------------------------- Case Management Reliastar 5/1/2001 - 4/30/2002 1,329 Monthly - ----------------------------------------------------------------------------------------------------------------------- Claims Administration Allied 5/1/2001 - 4/30/2002 25,052 Monthly Benefit System - ----------------------------------------------------------------------------------------------------------------------- Life/AD&D CIGNA 5/1/2001 - 4/30/2002 11,732 Monthly - ----------------------------------------------------------------------------------------------------------------------- EAP Behavioral 5/1/2001 - 4/30/2002 2,941 Monthly Health Partners - ----------------------------------------------------------------------------------------------------------------------- Section 125 Admin Taxsaver 5/1/2001 - 4/30/2002 1,179 Monthly - -----------------------------------------------------------------------------------------------------------------------
- ---------------------------------------------------- CASE NAME: Kitty Hawk, Inc. FOOTNOTES SUPPLEMENT - ---------------------------------------------------- - ---------------------------------------------------- CASE NUMBER: 400-42141-BJH ACCRUAL BASIS - ---------------------------------------------------- MONTH: June 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 June - ----------------------------------------------------------------------------------------------------------------------------
CASE NAME: Kitty Hawk, Inc. CASE NUMBER: 400-42141 Details of Other Items ACCRUAL BASIS-1 June 2001 8. OTHER (ATTACH LIST) $ 342,464,579 Reported -------------- Intercompany Receivables 340,121,409 Escrow JRC 400,000 A/R Other 440,535 A/R Employees (147) A/R 401(k) Loan (1,645) A/R Reconciling item (12,587) Deferred Taxes 776,266 Deposits - Other 324,749 Deposits - Retainers 415,999 -------------- 342,464,579 Detail -------------- - Difference 14. OTHER ASSETS - NET OF AMORTIZATION (ATTACH LIST) 9,438,016 Reported -------------- Loan organizaiton costs 954,068 Bond offering costs 7,151,860 Goodwill - KH Cargo 1,332,088 -------------- 9,438,016 Detail -------------- - Difference 15. OTHER (ATTACH LIST) 138,370,015 -------------- Investment in KH Aircargo 1,000 Investment in KH 81,974,302 International Investment in Longhorn 2,266,436 Investment in KH Cargo 54,128,277 -------------- 138,370,015 Detail -------------- - Difference 22. OTHER (ATTACH LIST) $ 1,482,984 Reported -------------- Accrued expenses 81,742 Accrued interest 375,953 Accrued health savings 634,422 A/P Aging reconciling item (25,746) A/P clearing 3 Accrued 401(k) 16,610 Accrued Salaries/Wages 400,000 -------------- 1,482,984 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) (102,299) Reported -------------- Interest Income (102,299) Other Misc Income - -------------- (102,299) Detail - Difference ACCRUAL BASIS-3 8. OTHER (ATTACH LIST) 25,788,299 Reported -------------- Transfers from Charters 730,876 Transfers from Cargo 7,494,155 Transfers from Aircargo 14,401,441 Transfers from International 408,500 Cash deposits - non-lockbox 2,592,915 Interest income 100,571 Misc Deposits 69,830 NSF Checks (9,989) -------------- 25,788,299 Detail -------------- - Difference -------------- 25. OTHER (ATTACH LIST) 14,692,197 Reported -------------- Inc. 401(k) 287,233 Employee Expenses 47,473 Bank charges 7,179 Refunds/Claims 4,655 Fuel 6,403,044 Ground Handling 1,997,195 Shipping 94,588 Ondemand Charter costs 9,793 135 Airline costs 8,066 Building maintenance/security 82,920 Contract Labor 477,413 Trucking 444,574 Customs/Parking/Landing 665,372 Containers 73,089 Simulator/Communication/Other Training 243,570 Misc 64,263 Voided checks and corrections (9,576) Asset purchase 420,000 Charts/Manuals 62,597 Taxes 31,014 Deicing 22,531 Office 86,630 Commissions 175,000 Deposits 100,000 Subcharter Aircraft 2,893,574 -------------- 14,692,197 Detail - Difference EX-99.2 4 dex992.txt MONTHLY OPERATING REPORT K.H. AICARGO 6-30-01 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: JUNE 30, 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 7/27/01 - ----------------------------------------------------- ---------------------------------------------------- PRINTED NAME OF RESPONSIBLE PARTY DATE PREPARER: /s/ Kevin K. Craig CONTROLLER, KITTY HAWK INC. - ----------------------------------------------------- ---------------------------------------------------- ORIGINAL SIGNATURE OF PREPARER TITLE KEVIN K. CRAIG 7/27/01 - ----------------------------------------------------- ---------------------------------------------------- PRINTED NAME OF PREPARER DATE
Monthly Operating Report - ------------------------------------------- CASE NAME: KITTY HAWK AIRCARGO, INC. ACCRUAL BASIS-1 - ------------------------------------------- - ------------------------------------------- CASE NUMBER: 400-42142-BJH-11 02/13/95, RWD, 2/96 - ------------------------------------------- COMPARATIVE BALANCE SHEET SCHEDULE MONTH MONTH MONTH --------------------------------------------------------- ASSETS AMOUNT APRIL, 2001 MAY, 2001 JUNE, 2001 - ------------------------------------------------------------------------------------------------------------------------ 1. UNRESTRICTED CASH $ 16,904 $ 22,224 $ 20,702 $ 20,721 - ------------------------------------------------------------------------------------------------------------------------ 2. RESTRICTED CASH $ 0 $ 0 $ 0 $ 0 - ------------------------------------------------------------------------------------------------------------------------ 3. TOTAL CASH $ 16,904 $ 22,224 $ 20,702 $ 20,721 - ------------------------------------------------------------------------------------------------------------------------ 4. ACCOUNTS RECEIVABLE (NET) $ 29,303,045 $ 13,687,878 $ 16,859,404 $ 14,682,234 - ------------------------------------------------------------------------------------------------------------------------ 5. INVENTORY $ 1,508,508 $ 2,165,645 $ 2,308,971 $ 2,561,847 - ------------------------------------------------------------------------------------------------------------------------ 6. NOTES RECEIVABLE $ 0 $ 0 $ 0 $ 0 - ------------------------------------------------------------------------------------------------------------------------ 7. PREPAID EXPENSES $ 2,294,717 $ 8,030,768 $ 6,885,889 $ 11,001,475 - ------------------------------------------------------------------------------------------------------------------------ 8. OTHER (ATTACH LIST) $111,256,463 ($29,310,846) ($28,690,011) ($25,578,112) - ------------------------------------------------------------------------------------------------------------------------ 9. TOTAL CURRENT ASSETS $144,379,636 ($5,404,331) ($2,615,045) $ 2,688,165 - ------------------------------------------------------------------------------------------------------------------------ 10. PROPERTY, PLANT & EQUIPMENT $166,772,560 $ 206,224,597 $ 206,308,302 $ 201,943,230 - ------------------------------------------------------------------------------------------------------------------------ 11. LESS: ACCUMULATED DEPRECIATION / DEPLETION $ 0 $ 57,205,048 $ 59,334,902 $ 60,226,376 - ------------------------------------------------------------------------------------------------------------------------ 12. NET PROPERTY, PLANT & EQUIPMENT $166,772,560 $ 149,019,549 $ 146,973,400 $ 141,716,854 - ------------------------------------------------------------------------------------------------------------------------ 13. DUE FROM INSIDERS - ------------------------------------------------------------------------------------------------------------------------ 14. OTHER ASSETS - NET OF AMORTIZATION (ATTACH LIST) $ 0 $ 2,321,000 $ 2,320,955 $ 2,320,955 - ------------------------------------------------------------------------------------------------------------------------ 15. OTHER (ATTACH LIST) $ 0 - ------------------------------------------------------------------------------------------------------------------------ 16. TOTAL ASSETS $311,152,196 $ 145,936,218 $ 146,679,310 $ 146,725,974 - ------------------------------------------------------------------------------------------------------------------------ POSTPETITION LIABILITIES - ------------------------------------------------------------------------------------------------------------------------ 17. ACCOUNTS PAYABLE $ 1,270,565 $ 1,005,279 $ 2,831,451 - ------------------------------------------------------------------------------------------------------------------------ 18. TAXES PAYABLE $ 26,000 $ 29,000 $ 31,000 - ------------------------------------------------------------------------------------------------------------------------ 19. NOTES PAYABLE $ 0 $ 0 $ 0 - ------------------------------------------------------------------------------------------------------------------------ 20. PROFESSIONAL FEES $ 0 $ 0 $ 0 - ------------------------------------------------------------------------------------------------------------------------ 21. SECURED DEBT $ 7,758,945 $ 7,614,525 $ 7,470,882 - ------------------------------------------------------------------------------------------------------------------------ 22. OTHER (ATTACH LIST) $ 2,439,660 $ 3,956,873 $ 4,727,971 - ------------------------------------------------------------------------------------------------------------------------ 23. TOTAL POSTPETITION LIABILITIES $ 11,495,170 $ 12,605,677 $ 15,061,304 - ------------------------------------------------------------------------------------------------------------------------ PREPETITION LIABILITIES - ------------------------------------------------------------------------------------------------------------------------ 24. SECURED DEBT $ 24,850,000 $ 24,850,000 $ 22,600,000 - ------------------------------------------------------------------------------------------------------------------------ 25. PRIORITY DEBT $ 2,177,962 $ 0 $ 0 $ 0 - ------------------------------------------------------------------------------------------------------------------------ 26. UNSECURED DEBT $184,252,878 $ 30,274,523 $ 30,401,069 $ 30,399,591 - ------------------------------------------------------------------------------------------------------------------------ 27. OTHER (ATTACH LIST) $ 0 $ 19,986,455 $ 19,841,174 $ 19,819,283 - ------------------------------------------------------------------------------------------------------------------------ 28. TOTAL PREPETITION LIABILITIES $186,430,840 $ 75,110,978 $ 75,092,243 $ 72,818,874 - ------------------------------------------------------------------------------------------------------------------------ 29. TOTAL LIABILITIES $186,430,840 $ 86,606,148 $ 87,697,920 $ 87,880,178 - ------------------------------------------------------------------------------------------------------------------------ EQUITY - ------------------------------------------------------------------------------------------------------------------------ 30. PREPETITION OWNERS' EQUITY $ 69,645,449 $ 69,645,449 $ 69,645,449 - ------------------------------------------------------------------------------------------------------------------------ 31. POSTPETITION CUMULATIVE PROFIT OR (LOSS) ($10,315,379) ($10,664,059) ($10,799,653) - ------------------------------------------------------------------------------------------------------------------------ 32. DIRECT CHARGES TO EQUITY (ATTACH EXPLANATION) $ 0 $ 0 - ------------------------------------------------------------------------------------------------------------------------ 33. TOTAL EQUITY $ 0 $ 59,330,070 $ 58,981,390 $ 58,845,796 - ------------------------------------------------------------------------------------------------------------------------ 34. TOTAL LIABILITIES & OWNERS' EQUITY $186,430,840 $ 145,936,218 $ 146,679,310 $ 146,725,974 - ------------------------------------------------------------------------------------------------------------------------ $ 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 MONTH MONTH MONTH QUARTER -------------------------------------------------- REVENUES APRIL, 2001 MAY, 2001 JUNE, 2001 TOTAL - -------------------------------------------------------------------------------------------------------------------------------- 1. GROSS REVENUES $ 9,306,801 $ 10,184,337 $ 10,201,218 $ 29,692,356 - -------------------------------------------------------------------------------------------------------------------------------- 2. LESS: RETURNS & DISCOUNTS $ 0 $ 0 $ 0 $ 0 - -------------------------------------------------------------------------------------------------------------------------------- 3. NET REVENUE $ 9,306,801 $ 10,184,337 $ 10,201,218 $ 29,692,356 - -------------------------------------------------------------------------------------------------------------------------------- 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 $ 9,306,801 $ 10,184,337 $ 10,201,218 $ 29,692,356 - -------------------------------------------------------------------------------------------------------------------------------- OPERATING EXPENSES - -------------------------------------------------------------------------------------------------------------------------------- 9. OFFICER / INSIDER COMPENSATION $ 58,334 $ 58,334 $ 58,334 $ 175,002 - -------------------------------------------------------------------------------------------------------------------------------- 10. SELLING & MARKETING $ 0 $ 0 $ 0 $ 0 - -------------------------------------------------------------------------------------------------------------------------------- 11. GENERAL & ADMINISTRATIVE $ 589,372 $ 623,286 $ 571,340 $ 1,783,998 - -------------------------------------------------------------------------------------------------------------------------------- 12. RENT & LEASE $ 2,228,871 $ 2,233,123 $ 2,224,727 $ 6,686,721 - -------------------------------------------------------------------------------------------------------------------------------- 13. OTHER (ATTACH LIST) $ 10,628,559 $ 10,862,970 $ 10,479,561 $ 31,971,090 - -------------------------------------------------------------------------------------------------------------------------------- 14. TOTAL OPERATING EXPENSES $ 13,505,136 $ 13,777,713 $ 13,333,962 $ 40,616,811 - -------------------------------------------------------------------------------------------------------------------------------- 15. INCOME BEFORE NON-OPERATING INCOME & EXPENSE ($4,198,335) ($3,593,376) ($3,132,744) ($10,924,455) - -------------------------------------------------------------------------------------------------------------------------------- OTHER INCOME & EXPENSES - -------------------------------------------------------------------------------------------------------------------------------- 16. NON-OPERATING INCOME (ATT. LIST) ($10,310) ($8,795) ($7) ($19,112) - -------------------------------------------------------------------------------------------------------------------------------- 17. NON-OPERATING EXPENSE (ATT. LIST) $ 0 $ 0 $ 0 $ 0 - -------------------------------------------------------------------------------------------------------------------------------- 18. INTEREST EXPENSE $ 288,049 $ 310,983 $ 236,757 $ 835,789 - -------------------------------------------------------------------------------------------------------------------------------- 19. DEPRECIATION / DEPLETION $ 111,534 $ 109,182 $ 100,182 $ 320,898 - -------------------------------------------------------------------------------------------------------------------------------- 20. AMORTIZATION $ 0 $ 0 $ 0 $ 0 - -------------------------------------------------------------------------------------------------------------------------------- 21. OTHER (ATTACH LIST) ($4,225,399) ($3,423,613) ($3,243,935) ($10,892,947) - -------------------------------------------------------------------------------------------------------------------------------- 22. NET OTHER INCOME & EXPENSES ($3,836,126) ($3,012,243) ($2,907,003) ($9,755,372) - -------------------------------------------------------------------------------------------------------------------------------- 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 ($144,883) ($232,453) ($90,396) ($467,732) - -------------------------------------------------------------------------------------------------------------------------------- 28. NET PROFIT (LOSS) ($217,326) ($348,680) ($135,595) ($701,601) - -------------------------------------------------------------------------------------------------------------------------------- $ 0 $ 0 $ 0 - --------------------------------------------------------------------------------------------------------------------------------
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 APRIL, 2001 MAY, 2001 JUNE, 2001 TOTAL - --------------------------------------------------------------------------------------------------------------------------------- 1. CASH - BEGINNING OF MONTH $ 21,824 $ 22,224 $ 20,702 $ 21,824 - --------------------------------------------------------------------------------------------------------------------------------- RECEIPTS FROM OPERATIONS - --------------------------------------------------------------------------------------------------------------------------------- 2. CASH SALES $ 0 $ 0 $ 0 $ 0 - --------------------------------------------------------------------------------------------------------------------------------- COLLECTION OF ACCOUNTS RECEIVABLE - --------------------------------------------------------------------------------------------------------------------------------- 3. PREPETITION $ 0 $ 0 $ 0 $ 0 - --------------------------------------------------------------------------------------------------------------------------------- 4. TOTAL CASH $ 14,878,699 $ 9,011,438 $ 14,401,460 $ 38,291,597 - --------------------------------------------------------------------------------------------------------------------------------- 5. TOTAL OPERATING RECEIPTS $ 14,878,699 $ 9,011,438 $ 14,401,460 $ 38,291,597 - --------------------------------------------------------------------------------------------------------------------------------- NON - OPERATING RECEIPTS - --------------------------------------------------------------------------------------------------------------------------------- 6. LOANS & ADVANCES (ATTACH LIST) $ 0 $ 0 $ 0 $ 0 - --------------------------------------------------------------------------------------------------------------------------------- 7. SALE OF ASSETS $ 0 $ 0 $ 0 $ 0 - --------------------------------------------------------------------------------------------------------------------------------- 8. OTHER (ATTACH LIST) ($14,878,299) ($9,012,960) ($14,401,441) ($38,292,700) - --------------------------------------------------------------------------------------------------------------------------------- 9. TOTAL NON-OPERATING RECEIPTS ($14,878,299) ($9,012,960) ($14,401,441) ($38,292,700) - --------------------------------------------------------------------------------------------------------------------------------- 10. TOTAL RECEIPTS $ 400 ($1,522) $ 19 ($1,103) - --------------------------------------------------------------------------------------------------------------------------------- 11. TOTAL CASH AVAILABLE $ 22,224 $ 20,702 $ 20,721 $ 20,721 - --------------------------------------------------------------------------------------------------------------------------------- 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 $ 400 ($1,522) $ 19 ($1,103) - --------------------------------------------------------------------------------------------------------------------------------- 33. CASH - END OF MONTH $ 22,224 $ 20,702 $ 20,721 $ 20,721 - ---------------------------------------------------------------------------------------------------------------------------------
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 APRIL, 2001 MAY, 2001 JUNE, 2001 - ---------------------------------------------------------------------------------------------------------------------------- 1. 0-30 $27,808,237 $ 8,754,678 $11,961,575 $11,059,535 - ---------------------------------------------------------------------------------------------------------------------------- 2. 31-60 $ 648,873 $ 1,089,515 $ 15,147 ($5,703) - ---------------------------------------------------------------------------------------------------------------------------- 3. 61-90 $ 923,454 $ 440,908 $ 751,865 $ 10,399 - ---------------------------------------------------------------------------------------------------------------------------- 4. 91+ ($77,519) $ 1,359,388 $ 2,065,253 $ 2,609,853 - ---------------------------------------------------------------------------------------------------------------------------- 5. TOTAL ACCOUNTS RECEIVABLE $29,303,045 $11,644,489 $14,793,840 $13,674,084 - ---------------------------------------------------------------------------------------------------------------------------- 6. TOTAL CASH - ---------------------------------------------------------------------------------------------------------------------------- 7. ACCOUNTS RECEIVABLE (NET) $29,303,045 $11,644,489 $14,793,840 $13,674,084 - ---------------------------------------------------------------------------------------------------------------------------- AGING OF POSTPETITION TAXES AND PAYABLES MONTH: JUNE, 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 $2,352,596 $233,985 ($19,016) $ 263,886 $2,831,451 - --------------------------------------------------------------------------------------------------------------------------- STATUS OF POSTPETITION TAXES MONTH: JUNE, 2001 --------------------------------- BEGINNING AMOUNT ENDING TAX WITHHELD AND/ AMOUNT TAX FEDERAL LIABILITY* 0R ACCRUED PAID LIABILITY - --------------------------------------------------------------------------------------------------------------------------- 1. WITHHOLDING** $ 0 $1,284,824 $1,284,824 $ 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 $1,284,824 $1,284,824 $ 0 - --------------------------------------------------------------------------------------------------------------------------- STATE AND LOCAL - --------------------------------------------------------------------------------------------------------------------------- 8. WITHHOLDING $ 0 $ 0 - --------------------------------------------------------------------------------------------------------------------------- 9. SALES $ 0 $ 0 - --------------------------------------------------------------------------------------------------------------------------- 10. EXCISE $ 29,000 $ 31,000 $ 29,000 $ 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 $ 29,000 $ 31,000 $ 29,000 $ 31,000 - --------------------------------------------------------------------------------------------------------------------------- 16. TOTAL TAXES $ 29,000 $1,315,824 $1,313,824 $ 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: JUNE, 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 $ 19 $ 19 - ----------------------------------------------------------------------------------------------------------- 5. MONTH END BALANCE PER BOOKS $ 19 $0 $0 $ 19 - ----------------------------------------------------------------------------------------------------------- 6. NUMBER OF LAST CHECK WRITTEN - ----------------------------------------------------------------------------------------------------------- INVESTMENT ACCOUNTS - ----------------------------------------------- DATE OF TYPE OF PURCHASE CURRENT BANK, ACCOUNT NAME & NUMBER PURCHASE INSTRUMENT PRICE VALUE - ----------------------------------------------------------------------------------------------------------- 7. - ----------------------------------------------------------------------------------------------------------- 8. - ----------------------------------------------------------------------------------------------------------- 9. - ----------------------------------------------------------------------------------------------------------- 10. - ----------------------------------------------------------------------------------------------------------- 11. TOTAL INVESTMENTS $0 $ 0 - ----------------------------------------------------------------------------------------------------------- CASH - ----------------------------------------------- 12. CURRENCY ON HAND $20,702 - ----------------------------------------------------------------------------------------------------------- 13. TOTAL CASH - END OF MONTH $20,721 - -----------------------------------------------------------------------------------------------------------
Monthly Operating Report - ----------------------------------------- CASE NAME: KITTY HAWK AIRCARGO, INC. ACCRUAL BASIS-6 - ----------------------------------------- - ----------------------------------------- CASE NUMBER: 400-42142-BJH-11 2/13/95, RWD, 2/96 - ----------------------------------------- MONTH: JUNE, 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, TOTAL CASH 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 $312,917 - ---------------------------------------------------------------------------------------------------- 2. Donny Scott Salary $26,667 $251,667 - ---------------------------------------------------------------------------------------------------- 3. Susan Hawley Salary $ 0 $ 41,667 - ---------------------------------------------------------------------------------------------------- 4. - ---------------------------------------------------------------------------------------------------- 5. - ---------------------------------------------------------------------------------------------------- 6. TOTAL PAYMENTS TO INSIDERS $58,334 $606,251 - ---------------------------------------------------------------------------------------------------- PROFESSIONALS - ------------------------------------------------------------------------------------------------------------------- DATE OF COURT TOTAL ORDER AUTHORIZING AMOUNT AMOUNT TOTAL PAID INCURRED NAME PAYMENT APPROVED PAID TO DATE & UNPAID * - ------------------------------------------------------------------------------------------------------------------- 1. SEE KITTY HAWK, INC. MOR - CASE# 400-42141-BJH-11 - ------------------------------------------------------------------------------------------------------------------- 2. - ------------------------------------------------------------------------------------------------------------------- 3. - ------------------------------------------------------------------------------------------------------------------- 4. - ------------------------------------------------------------------------------------------------------------------- 5. - ------------------------------------------------------------------------------------------------------------------- 6. TOTAL PAYMENTS TO PROFESSIONALS $0 $0 $0 $0 - ------------------------------------------------------------------------------------------------------------------- * INCLUDE ALL FEES INCURRED, BOTH APPROVED AND UNAPPROVED POSTPETITION STATUS OF SECURED NOTES, LEASES PAYABLE AND ADEQUATE PROTECTION PAYMENTS SCHEDULED AMOUNTS MONTHLY PAID TOTAL PAYMENTS DURING UNPAID NAME OF CREDITOR DUE MONTH POSTPETITION - ----------------------------------------------------------------------------------------------------------------------- 1. PEGASUS $ 403,000 $ 403,000 $0 - ----------------------------------------------------------------------------------------------------------------------- 2. TRANSAMERICA $ 206,590 $ 206,590 $0 - ----------------------------------------------------------------------------------------------------------------------- 3. PROVIDENT $ 125,000 $ 125,000 $0 - ----------------------------------------------------------------------------------------------------------------------- 4. COAST BUSINESS $ 262,000 $ 262,000 $0 - ----------------------------------------------------------------------------------------------------------------------- 5. WELLS FARGO $2,250,000 $2,250,000 $0 - ----------------------------------------------------------------------------------------------------------------------- 6. TOTAL $3,246,590 $3,246,590 $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: JUNE, 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) 4: Payments made to Flight Safety Boeing Training, 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 JUNE, 2001 ACCRUAL BASIS-1 8. OTHER (ATTACH LIST) $ (25,578,112) Reported ---------------- Intercompany Receivables (35,061,269) Deposits - State Street Bank (TA Air) 3,534,695 Deposits - Landing & Parking 79,000 Deposits - Ventura Aerospace 65,125 Deposits - Rent 113,643 Deposits - Misc 642,125 A/C Held for Resale 4,951,972 Intangible - Mather 96,597 ---------------- TOTAL CASH (25,578,112) Detail ---------------- - Difference 14. OTHER (ATTACH LIST) $ 2,320,955 ---------------- Deposits - Aircraft Leases 2,320,955 Intangible - ATAZ STC 0 ---------------- 2,320,955 Detail ---------------- - Difference 22. OTHER (ATTACH LIST) $ 4,727,971 Reported ---------------- Accrued A/P 3,225,126 Deposit held for ATAZ sale 0 Accrued Salaries & Wages 1,091,351 Accrued 401K & Misc PR Deductions 251,856 Accrued PR Taxes (FICA) 78,579 Accrued Fuel Exp 5,823,473 Accrued Interest 601,217 Accrued Maintenance Reserves 857,651 Accrued Fed Income Tax (Post) (7,201,282) ---------------- 4,727,971 Detail ---------------- - Difference 27. OTHER (ATTACH LIST) $ 19,819,283 Reported ---------------- Accrued A/P 5,232,302 Accrued Maintenance Reserves 10,267,512 Accrued Fed Income Tax (Pre) 3,332,363 Accrued Taxes - Other 444 FINOVA Equip Accrued 314,662 Pegasus Lease Incentive 672,000 ---------------- 19,819,283 Detail ---------------- - Difference CASE NAME: KITTY HAWK AIRCARGO, INC. CASE NUMBER: 400-42142-BJH-11 Details of Other Items JUNE, 2001 ACCRUAL BASIS-2 13. OTHER (ATTACH LIST) $ 10,479,561 Reported ---------------- Aircraft Expense 2,573,451 Maintenance 2,994,077 Fuel 354,060 Ops Wages 2,427,169 Ops Wages-Grnd 346,528 Ground Handling 595,949 Other Operating Exp 1,188,327 ---------------- 10,479,561 Detail ---------------- - Difference 16. NON OPERATING INCOME (ATT. LIST) ($7) Reported ---------------- Non-Op Income (7) Detail ---------------- - Difference 17. NON OPERATING EXPENSE (ATT. LIST) $0 Reported ---------------- Non-Op Expense - Detail ---------------- - Difference 21. OTHER (ATTACH LIST) ($3,243,935) Reported ---------------- (Gain)/Loss on Sale of Assets - Credit for Allocation of A/C Costs to KH I/C (3,243,935) ---------------- (3,243,935) Detail ---------------- - Difference ACCRUAL BASIS-3 8. OTHER (ATTACH LIST) (14,401,441) Reported ---------------- Transfer to Inc - all money sweeps (14,401,441) 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: JUNE, 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. ------------------------------------------------------------------------------------------------------------------------- ------------------------------------------------------------------------------------------------------------------------- 6 Notes/Leases Republic aircraft N901RF & N902RF were returned to lessor 2/28/01, terminating ------------------------------------------------------------------------------------------------------------------------- their lease commitments. TransAmerica aircraft N750US & N751US were ------------------------------------------------------------------------------------------------------------------------- erroneously ommitted from previous filings. ------------------------------------------------------------------------------------------------------------------------- ------------------------------------------------------------------------------------------------------------------------- 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 5 dex993.txt MONTHLY OPERATING REPORT K.H. CHARTERS 6-30-01 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: JUNE 30, 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 7/27/01 - ------------------------------------------------ ---------------------------------------------- PRINTED NAME OF RESPONSIBLE PARTY DATE PREPARER: /s/ Jessica L. Wilson Chief Accounting Officer - ------------------------------------------------ ---------------------------------------------- ORIGINAL SIGNATURE OF PREPARER TITLE Jessica L. Wilson 7/27/01 - ------------------------------------------------ ---------------------------------------------- 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 SCHEDULE MONTH MONTH MONTH --------------------------------------------------------- ASSETS AMOUNT April 2001 May 2001 June 2001 - ------------------------------------------------------------------------------------------------------------------------ 1. UNRESTRICTED CASH $ 15,476 $ 36,106 $ 31,558 $ 100,977 - ------------------------------------------------------------------------------------------------------------------------ 2. RESTRICTED CASH $ 0 $ 0 - ------------------------------------------------------------------------------------------------------------------------ 3. TOTAL CASH $ 15,476 $ 36,106 $ 31,558 $ 100,977 - ------------------------------------------------------------------------------------------------------------------------ 4. ACCOUNTS RECEIVABLE (NET) $13,356,789 $ 2,459,581 $ 2,545,503 $ 3,285,354 - ------------------------------------------------------------------------------------------------------------------------ 5. INVENTORY $ 4,662,173 $ 4,640,028 $ 4,512,789 - ------------------------------------------------------------------------------------------------------------------------ 6. NOTES RECEIVABLE $ 0 $ 0 $ 0 - ------------------------------------------------------------------------------------------------------------------------ 7. PREPAID EXPENSES $ 119,764 $ 73,859 $ 179,073 - ------------------------------------------------------------------------------------------------------------------------ 8. OTHER (ATTACH LIST) $37,290,970 $ 50,145,789 $ 50,184,988 $ 49,654,082 - ------------------------------------------------------------------------------------------------------------------------ 9. TOTAL CURRENT ASSETS $50,663,235 $ 57,423,413 $ 57,475,936 $ 57,732,275 - ------------------------------------------------------------------------------------------------------------------------ 10. PROPERTY, PLANT & EQUIPMENT $17,083,867 $ 16,846,862 $ 16,872,862 $ 16,872,862 - ------------------------------------------------------------------------------------------------------------------------ 11. LESS: ACCUMULATED DEPRECIATION / DEPLETION $ 7,822,606 $ 7,997,150 $ 8,170,392 - ------------------------------------------------------------------------------------------------------------------------ 12. NET PROPERTY, PLANT & EQUIPMENT $17,083,867 $ 9,024,256 $ 8,875,712 $ 8,702,470 - ------------------------------------------------------------------------------------------------------------------------ 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 $ 66,447,669 $ 66,351,648 $ 66,434,745 - ------------------------------------------------------------------------------------------------------------------------ POSTPETITION LIABILITIES - ------------------------------------------------------------------------------------------------------------------------ 17. ACCOUNTS PAYABLE $ 333,788 $ 345,715 $ 382,679 - ------------------------------------------------------------------------------------------------------------------------ 18. TAXES PAYABLE ($1,079,519) ($1,102,003) ($991,596) - ------------------------------------------------------------------------------------------------------------------------ 19. NOTES PAYABLE $ 0 $ 0 $ 0 - ------------------------------------------------------------------------------------------------------------------------ 20. PROFESSIONAL FEES $ 0 $ 0 $ 0 - ------------------------------------------------------------------------------------------------------------------------ 21. SECURED DEBT $ 0 $ 0 $ 0 - ------------------------------------------------------------------------------------------------------------------------ 22. OTHER (ATTACH LIST) $ 1,511,895 $ 1,522,072 $ 1,375,453 - ------------------------------------------------------------------------------------------------------------------------ 23. TOTAL POSTPETITION LIABILITIES $ 766,164 $ 765,784 $ 766,536 - ------------------------------------------------------------------------------------------------------------------------ PREPETITION LIABILITIES - ------------------------------------------------------------------------------------------------------------------------ 24. SECURED DEBT $ 152,776 $ 34,188 $ 22,882 $ 11,487 - ------------------------------------------------------------------------------------------------------------------------ 25. PRIORITY DEBT $ 380,384 $ 0 $ 0 $ 0 - ------------------------------------------------------------------------------------------------------------------------ 26. UNSECURED DEBT $10,596,326 $ 18,129,187 $ 18,141,884 $ 18,115,359 - ------------------------------------------------------------------------------------------------------------------------ 27. OTHER (ATTACH LIST) $ 0 $ 0 $ 0 - ------------------------------------------------------------------------------------------------------------------------ 28. TOTAL PREPETITION LIABILITIES $11,129,486 $ 18,163,375 $ 18,164,766 $ 18,126,846 - ------------------------------------------------------------------------------------------------------------------------ 29. TOTAL LIABILITIES $11,129,486 $ 18,929,539 $ 18,930,550 $ 18,893,382 - ------------------------------------------------------------------------------------------------------------------------ EQUITY - ------------------------------------------------------------------------------------------------------------------------ 30. PREPETITION OWNERS' EQUITY $ 49,811,125 $ 49,811,125 $ 49,811,125 - ------------------------------------------------------------------------------------------------------------------------ 31. POSTPETITION CUMULATIVE PROFIT OR (LOSS) ($2,292,995) ($2,390,027) ($2,269,762) - ------------------------------------------------------------------------------------------------------------------------ 32. DIRECT CHARGES TO EQUITY (ATTACH EXPLANATION) - ------------------------------------------------------------------------------------------------------------------------ 33. TOTAL EQUITY $ 0 $ 47,518,130 $ 47,421,098 $ 47,541,363 - ------------------------------------------------------------------------------------------------------------------------ 34. TOTAL LIABILITIES & OWNERS' EQUITY $11,129,486 $ 66,447,669 $ 66,351,648 $ 66,434,745 - ------------------------------------------------------------------------------------------------------------------------
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 April 2001 May 2001 June 2001 TOTAL - ---------------------------------------------------------------------------------------------------------------------------------- 1. GROSS REVENUES $1,546,826 $1,582,907 $1,724,862 $4,854,595 - ---------------------------------------------------------------------------------------------------------------------------------- 2. LESS: RETURNS & DISCOUNTS $ 0 $ 0 $ 0 $ 0 - ---------------------------------------------------------------------------------------------------------------------------------- 3. NET REVENUE $1,546,826 $1,582,907 $1,724,862 $4,854,595 - ---------------------------------------------------------------------------------------------------------------------------------- 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 $1,546,826 $1,582,907 $1,724,862 $4,854,595 - ---------------------------------------------------------------------------------------------------------------------------------- OPERATING EXPENSES - ---------------------------------------------------------------------------------------------------------------------------------- 9. OFFICER / INSIDER COMPENSATION $ 10,000 $ 10,000 $ 15,000 $ 35,000 - ---------------------------------------------------------------------------------------------------------------------------------- 10. SELLING & MARKETING $ 0 $ 0 $ 0 $ 0 - ---------------------------------------------------------------------------------------------------------------------------------- 11. GENERAL & ADMINISTRATIVE $ 120,936 $ 65,254 $ 88,012 $ 274,202 - ---------------------------------------------------------------------------------------------------------------------------------- 12. RENT & LEASE $ 0 $ 0 $ 0 $ 0 - ---------------------------------------------------------------------------------------------------------------------------------- 13. OTHER (ATTACH LIST) $1,497,991 $1,438,248 $1,240,577 $4,176,816 - ---------------------------------------------------------------------------------------------------------------------------------- 14. TOTAL OPERATING EXPENSES $1,628,927 $1,513,502 $1,343,589 $4,486,018 - ---------------------------------------------------------------------------------------------------------------------------------- 15. INCOME BEFORE NON-OPERATING INCOME & EXPENSE ($82,101) $ 69,405 $ 381,273 $ 368,577 - ---------------------------------------------------------------------------------------------------------------------------------- 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 $ 375 $ 274 $ 183 $ 832 - ---------------------------------------------------------------------------------------------------------------------------------- 19. DEPRECIATION / DEPLETION $ 175,697 $ 174,545 $ 173,242 $ 523,484 - ---------------------------------------------------------------------------------------------------------------------------------- 20. AMORTIZATION $ 0 $ 0 $ 0 $ 0 - ---------------------------------------------------------------------------------------------------------------------------------- 21. OTHER (ATTACH LIST) $ 0 $ 0 $ 0 $ 0 - ---------------------------------------------------------------------------------------------------------------------------------- 22. NET OTHER INCOME & EXPENSES $ 176,072 $ 174,819 $ 173,425 $ 524,316 - ---------------------------------------------------------------------------------------------------------------------------------- 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 ($35,835) ($8,384) $ 87,333 $ 43,114 - ---------------------------------------------------------------------------------------------------------------------------------- 28. NET PROFIT (LOSS) ($222,338) ($97,030) $ 120,265 ($199,103) - ----------------------------------------------------------------------------------------------------------------------------------
Monthly Operating Report - -------------------------------------------------- CASE NAME: Kitty Hawk Charters, Inc. - -------------------------------------------------- ACCRUAL BASIS-3 - -------------------------------------------------- CASE NUMBER: 400-42143-BJH - -------------------------------------------------- 02/13/95, RWD, 2/96 CASH MONTH MONTH MONTH QUARTER RECEIPTS AND ----------------------------------------------------- DISBURSEMENTS April 2001 May 2001 June 2001 TOTAL -------------------------------------------------------------------------------------------------------------------- 1. CASH - BEGINNING OF MONTH $ 57,415 $ 36,106 $ 31,558 $ 57,415 -------------------------------------------------------------------------------------------------------------------- RECEIPTS FROM OPERATIONS -------------------------------------------------------------------------------------------------------------------- 2. CASH SALES $ 0 $ 0 $ 0 $ 0 -------------------------------------------------------------------------------------------------------------------- COLLECTION OF ACCOUNTS RECEIVABLE -------------------------------------------------------------------------------------------------------------------- 3. PREPETITION $ 0 $ 0 $ 0 $ 0 -------------------------------------------------------------------------------------------------------------------- 4. POSTPETITION $ 1,723,932 $ 1,372,057 $ 800,295 $ 3,896,284 -------------------------------------------------------------------------------------------------------------------- 5. TOTAL OPERATING RECEIPTS $ 1,723,932 $ 1,372,057 $ 800,295 $ 3,896,284 -------------------------------------------------------------------------------------------------------------------- NON -OPERATING RECEIPTS -------------------------------------------------------------------------------------------------------------------- 6. LOANS & ADVANCES (ATTACH LIST) $ 0 $ 0 $ 0 $ 0 -------------------------------------------------------------------------------------------------------------------- 7. SALE OF ASSETS $ 0 $ 0 $ 0 $ 0 -------------------------------------------------------------------------------------------------------------------- 8. OTHER (ATTACH LIST) ($1,745,241) ($1,376,605) ($730,876) ($3,852,722) -------------------------------------------------------------------------------------------------------------------- 9. TOTAL NON-OPERATING RECEIPTS ($1,745,241) ($1,376,605) ($730,876) ($3,852,722) -------------------------------------------------------------------------------------------------------------------- 10. TOTAL RECEIPTS ($21,309) ($4,548) $ 69,419 $ 43,562 -------------------------------------------------------------------------------------------------------------------- 11. TOTAL CASH AVAILABLE $ 36,106 $ 31,558 $ 100,977 $ 100,977 -------------------------------------------------------------------------------------------------------------------- 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 ($21,309) ($4,548) $ 69,419 $ 43,562 -------------------------------------------------------------------------------------------------------------------- 33. CASH - END OF MONTH $ 36,106 $ 31,558 $ 100,977 $ 100,977 --------------------------------------------------------------------------------------------------------------------
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 April 2001 May 2001 June 2001 - -------------------------------------------------------------------------------------------------------------------- 1. 0-30 $1,211,774 $1,276,019 $ 2,046,396 - -------------------------------------------------------------------------------------------------------------------- 2. 31-60 $ 246,468 $ 442,318 $ 373,505 - -------------------------------------------------------------------------------------------------------------------- 3. 61-90 $ 189,371 $ 17,298 $ 128,395 - -------------------------------------------------------------------------------------------------------------------- 4. 91+ $ 811,968 $ 809,868 $ 737,058 - -------------------------------------------------------------------------------------------------------------------- 5. TOTAL ACCOUNTS RECEIVABLE $ 0 $2,459,581 $2,545,503 $ 3,285,354 - -------------------------------------------------------------------------------------------------------------------- 6. AMOUNT CONSIDERED UNCOLLECTIBLE $ 0 $ 0 $ 0 - -------------------------------------------------------------------------------------------------------------------- 7. ACCOUNTS RECEIVABLE (NET) $ 0 $2,459,581 $2,545,503 $ 3,285,354 - -------------------------------------------------------------------------------------------------------------------- AGING OF POSTPETITION TAXES AND PAYABLES MONTH: June 2001 - -------------------------------------------------------------------------------------------------------------------- 0-30 31-60 61-90 91+ TAXES PAYABLE DAYS DAYS DAYS DAYS TOTAL - -------------------------------------------------------------------------------------------------------------------- 1. FEDERAL ($1,025,020) $ 0 $ 0 $ 0 ($1,025,020) - -------------------------------------------------------------------------------------------------------------------- 2. STATE $ 33,424 $ 0 $ 0 $ 0 $ 33,424 - -------------------------------------------------------------------------------------------------------------------- 3. LOCAL $ 0 $ 0 $ 0 $ 0 $ 0 - -------------------------------------------------------------------------------------------------------------------- 4. OTHER (ATTACH LIST) $ 0 $ 0 $ 0 $ 0 $ 0 - -------------------------------------------------------------------------------------------------------------------- 5. TOTAL TAXES PAYABLE ($991,596) $ 0 $ 0 $ 0 ($991,596) - -------------------------------------------------------------------------------------------------------------------- 6. ACCOUNTS PAYABLE $ 88,598 $ 13,287 $ 4,559 $ 276,235 $ 382,679 - -------------------------------------------------------------------------------------------------------------------- STATUS OF POSTPETITION TAXES MONTH: June 2001 - -------------------------------------------------------------------------------------------------------------------- BEGINNING AMOUNT ENDING TAX WITHHELD AND/ AMOUNT TAX FEDERAL LIABILITY* 0R ACCRUED PAID LIABILITY - -------------------------------------------------------------------------------------------------------------------- 1. WITHHOLDING** $ 0 $ 232,081 $ 232,081 $ 0 - -------------------------------------------------------------------------------------------------------------------- 2. FICA-EMPLOYEE** $ 0 $ 0 $ 0 $ 0 - -------------------------------------------------------------------------------------------------------------------- 3. FICA-EMPLOYER** $ 0 $ 0 $ 0 $ 0 - -------------------------------------------------------------------------------------------------------------------- 4. UNEMPLOYMENT $ 0 $ 0 $ 0 $ 0 - -------------------------------------------------------------------------------------------------------------------- 5. INCOME ($1,112,353) $ 87,333 $ 0 ($1,025,020) - -------------------------------------------------------------------------------------------------------------------- 6. OTHER (ATTACH LIST) $ 0 $ 0 $ 0 $ 0 - -------------------------------------------------------------------------------------------------------------------- 7. TOTAL FEDERAL TAXES ($1,112,353) $ 319,414 $ 232,081 ($1,025,020) - -------------------------------------------------------------------------------------------------------------------- STATE AND LOCAL - -------------------------------------------------------------------------------------------------------------------- 8. WITHHOLDING $ 0 $ 0 $ 0 $ 0 - -------------------------------------------------------------------------------------------------------------------- 9. SALES $ 324 $ 0 $ 0 $ 324 - -------------------------------------------------------------------------------------------------------------------- 10. EXCISE $ 10,026 $ 23,074 $ 0 $ 33,100 - -------------------------------------------------------------------------------------------------------------------- 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 $ 10,350 $ 23,074 $ 0 $ 33,424 - -------------------------------------------------------------------------------------------------------------------- 16. TOTAL TAXES ($1,102,003) $ 342,488 $ 232,081 ($991,596) - -------------------------------------------------------------------------------------------------------------------- * 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: June 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 $ 9,279 $ 9,279 - ------------------------------------------------------------------------------------------- 2. ADD: TOTAL DEPOSITS NOT CREDITED $ 0 $ 0 $ 0 - ------------------------------------------------------------------------------------------- 3. SUBTRACT: OUTSTANDING CHECKS $ 0 $ 0 $ 0 - ------------------------------------------------------------------------------------------- 4. OTHER RECONCILING ITEMS $ 76,315 $ 0 $ 76,315 - ------------------------------------------------------------------------------------------- 5. MONTH END BALANCE PER BOOKS $ 76,315 $ 9,279 $0 $ 85,594 - ------------------------------------------------------------------------------------------- 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 $100,977 - -------------------------------------------------------------------------------------------
Monthly Operating Report - -------------------------------------------------- CASE NAME: Kitty Hawk Charters, Inc. ACCRUAL BASIS-6 - -------------------------------------------------- - -------------------------------------------------- CASE NUMBER: 400-42143-BJH 02/13/95, RWD, 2/96 - -------------------------------------------------- MONTH: June 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 $15,000 $155,000 - ----------------------------------------------------------------------- 3. N/A - ----------------------------------------------------------------------- 4. N/A - ----------------------------------------------------------------------- 5. N/A - ----------------------------------------------------------------------- 6. TOTAL PAYMENTS TO INSIDERS $15,000 $159,808 - ----------------------------------------------------------------------- PROFESSIONALS - ------------------------------------------------------------------------------------------------------- DATE OF COURT ORDER TOTAL 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: June 2001 ----------------------- QUESTIONNAIRE YES NO - ----------------------------------------------------------------------------------------------------------------------- 1. HAVE ANY ASSETS BEEN SOLD OR TRANSFERRED OUTSIDE THE NORMAL COURSE OF BUSINESS THIS REPORTING PERIOD? X - ----------------------------------------------------------------------------------------------------------------------- 2. HAVE ANY FUNDS BEEN DISBURSED FROM ANY ACCOUNT OTHER THAN A DEBTOR IN POSSESSION ACCOUNT? X - ----------------------------------------------------------------------------------------------------------------------- 3. ARE ANY POSTPETITION RECEIVABLES (ACCOUNTS, NOTES, OR LOANS) DUE FROM RELATED PARTIES? X - ----------------------------------------------------------------------------------------------------------------------- 4. HAVE ANY PAYMENTS BEEN MADE ON PREPETITION LIABILITIES THIS REPORTING PERIOD? X - ----------------------------------------------------------------------------------------------------------------------- 5. HAVE ANY POSTPETITION LOANS BEEN RECEIVED BY THE DEBTOR FROM ANY PARTY? X - ----------------------------------------------------------------------------------------------------------------------- 6. ARE ANY POSTPETITION PAYROLL TAXES PAST DUE? X - ----------------------------------------------------------------------------------------------------------------------- 7. ARE ANY POSTPETITION STATE OR FEDERAL INCOME TAXES PAST DUE? X - ----------------------------------------------------------------------------------------------------------------------- 8. ARE ANY POSTPETITION REAL ESTATE TAXES PAST DUE? X - ----------------------------------------------------------------------------------------------------------------------- 9. ARE ANY OTHER POSTPETITION TAXES PAST DUE? X - ----------------------------------------------------------------------------------------------------------------------- 10. ARE ANY AMOUNTS OWED TO POSTPETITION CREDITORS DELINQUENT? X - ----------------------------------------------------------------------------------------------------------------------- 11. HAVE ANY PREPETITION TAXES BEEN PAID DURING THE REPORTING PERIOD? X - ----------------------------------------------------------------------------------------------------------------------- 12. ARE ANY WAGE PAYMENTS PAST DUE? X - ----------------------------------------------------------------------------------------------------------------------- IF THE ANSWER TO ANY OF THE ABOVE QUESTIONS IS "YES," PROVIDE A DETAILED EXPLANATION OF EACH ITEM. ATTACH ADDITIONAL SHEETS IF NECESSARY. Item 4 - Payments have been made on the GE Capital Note, secured by one Learjet. - ----------------------------------------------------------------------------------------------------------------------- - ----------------------------------------------------------------------------------------------------------------------- INSURANCE - ----------------------------------------------------------------------------------------------------------------------- YES NO - ----------------------------------------------------------------------------------------------------------------------- 1. ARE WORKER'S COMPENSATION, GENERAL LIABILITY AND OTHER NECESSARY INSURANCE COVERAGES IN EFFECT? X - ----------------------------------------------------------------------------------------------------------------------- 2. ARE ALL PREMIUM PAYMENTS PAID CURRENT? X - ----------------------------------------------------------------------------------------------------------------------- 3. PLEASE ITEMIZE POLICIES BELOW. - ----------------------------------------------------------------------------------------------------------------------- IF THE ANSWER TO ANY OF THE ABOVE QUESTIONS IS "NO," OR IF ANY POLICIES HAVE BEEN CANCELLED OR NOT RENEWED DURING THIS REPORTING PERIOD, PROVIDE AN EXPLANATION BELOW. ATTACH ADDITIONAL SHEETS IF NECESSARY. - ----------------------------------------------------------------------------------------------------------------------- - ----------------------------------------------------------------------------------------------------------------------- INSTALLMENT PAYMENTS - ----------------------------------------------------------------------------------------------------------------------- TYPE OF PAYMENT AMOUNT POLICY CARRIER PERIOD COVERED & FREQUENCY - ---------------------------------------------------------------------------------------------------------------------- See Kitty Hawk, Inc. Case #400-42141 - -----------------------------------------------------------------------------------------------------------------------
- ------------------------------------------ CASE NAME: Kitty Hawk Charters, Inc. FOOTNOTES SUPPLEMENT - ------------------------------------------ - ------------------------------------------ CASE NUMBER: 400-42143-BJH ACCRUAL BASIS - ------------------------------------------ MONTH: June 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. - ----------------------------------------------------------------------------------------------------------------------------------- 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 June 2001 8. OTHER (ATTACH LIST) $ 49,654,082 Reported ------------- Intercompany Receivables 49,022,278 A/R 401(k) Loan (5,704) A/R Employees 415 A/R Clothing Sales 28,512 A/R Other 267,277 A/R Aging reconciling item 198,420 A/R Accrued - Fuel Inventory (13,238) Security Deposit 156,122 ------------- 49,654,082 Detail ------------- - Difference 22. OTHER (ATTACH LIST) $ 1,375,453 Reported ------------- Customer Deposits 82,978 Accrued charter expenses 614,691 Accrued Salaries/Wages 115,141 Accrued 401(k) 34,917 A/P Aging reconciling item 5,335 Misc 18,587 Accrued Fuel 503,804 ------------- 1,375,453 Detail ------------- - Difference ACCRUAL BASIS-2 13. OTHER (ATTACH LIST) $ 1,240,577 Reported ------------- Ondemand costs 20,982 135 Airline charter costs 6,566 Parts Lease 3,275 Fuel 380,085 Wages 536,804 Travel expense 13,248 Insurance (25,029) Rotables/Repair/Consumables 268,462 Shipping 8,794 Charts 3,482 Pre-emp testing - Shop materials/equip rental 23,908 Maintenance allocation - ------------- 1,240,577 Detail ------------- - Difference ACCRUAL BASIS-3 8. OTHER (ATTACH LIST) (730,876) Reported ------------- Credit card charges (6,106) Sweeps to Kitty Hawk, Inc. (1,370,499) Detail ------------- (1,376,605) Detail ------------- 645,729 Difference EX-99.4 6 dex994.txt MONTHLY OPERATING REPORT K.H. INT'L 6-30-01 Exhibit 99.4
Monthly Operating Report - -------------------------------------------- CASE NAME: Kitty Hawk International, Inc. ACCRUAL BASIS - -------------------------------------------- - -------------------------------------------- CASE NUMBER: 400-42144 02/13/95, RWD, 2/96 - -------------------------------------------- - -------------------------------------------- JUDGE: Barbara J. Houser - -------------------------------------------- UNITED STATES BANKRUPTCY COURT NORTHERN DISTRICT OF TEXAS SIXTH DIVISION MONTHLY OPERATING REPORT MONTH ENDING: JUNE 30, 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 7/27/01 - -------------------------------------------- ----------------------------- PRINTED NAME OF RESPONSIBLE PARTY DATE PREPARER: /s/ Jessica L. Wilson Chief Accounting Officer - -------------------------------------------- ----------------------------- ORIGINAL SIGNATURE OF PREPARER TITLE Jessica L. Wilson 7/27/01 - -------------------------------------------- ----------------------------- 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 April 2001 May 2001 June 2001 - --------------------------------------------------------------------------------------------------------------------------------- 1. UNRESTRICTED CASH $ 40,098 $ 0 $ 0 $ 0 - --------------------------------------------------------------------------------------------------------------------------------- 2. RESTRICTED CASH $ 20,335,043 $ 19,709,019 $ 19,306,218 - --------------------------------------------------------------------------------------------------------------------------------- 3. TOTAL CASH $ 40,098 $ 20,335,043 $ 19,709,019 $ 19,306,218 - --------------------------------------------------------------------------------------------------------------------------------- 4. ACCOUNTS RECEIVABLE (NET) $ 9,006,275 $ 7,277,069 $ 7,280,954 $ 7,231,396 - --------------------------------------------------------------------------------------------------------------------------------- 5. INVENTORY $ 20,429,725 $ 0 $ 0 $ 0 - --------------------------------------------------------------------------------------------------------------------------------- 6. NOTES RECEIVABLE $ 3,000,000 $ 3,000,000 $ 3,000,000 - --------------------------------------------------------------------------------------------------------------------------------- 7. PREPAID EXPENSES $ 170,636 $ 128,667 $ 74,247 - --------------------------------------------------------------------------------------------------------------------------------- 8. OTHER (ATTACH LIST) $ 21,367,511 ($352,550,096) ($352,226,137) ($351,815,032) - --------------------------------------------------------------------------------------------------------------------------------- 9. TOTAL CURRENT ASSETS $ 50,843,609 ($321,767,348) ($322,107,497) ($322,203,171) - --------------------------------------------------------------------------------------------------------------------------------- 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 ($240,236,277) ($240,576,426) ($240,672,100) - --------------------------------------------------------------------------------------------------------------------------------- POSTPETITION LIABILITIES - --------------------------------------------------------------------------------------------------------------------------------- 17. ACCOUNTS PAYABLE $ 66,785 $ 251,594 $ 68,694 - --------------------------------------------------------------------------------------------------------------------------------- 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) ($149,093,374) ($149,012,641) ($148,956,543) - --------------------------------------------------------------------------------------------------------------------------------- 23. TOTAL POSTPETITION LIABILITIES ($149,026,589) ($148,761,047) ($148,887,849) - --------------------------------------------------------------------------------------------------------------------------------- PREPETITION LIABILITIES - --------------------------------------------------------------------------------------------------------------------------------- 24. SECURED DEBT $ 23,187,921 $ 22,202,570 $ 22,200,930 $ 22,199,290 - --------------------------------------------------------------------------------------------------------------------------------- 25. PRIORITY DEBT $ 4,672,323 $ 0 $ 0 $ 0 - --------------------------------------------------------------------------------------------------------------------------------- 26. UNSECURED DEBT $392,188,633 $ 17,609,757 $ 16,882,764 $ 16,874,368 - --------------------------------------------------------------------------------------------------------------------------------- 27. OTHER (ATTACH LIST) $ 75,977,338 $ 75,979,180 $ 75,981,394 - --------------------------------------------------------------------------------------------------------------------------------- 28. TOTAL PREPETITION LIABILITIES $420,048,877 $ 115,789,665 $ 115,062,874 $ 115,055,052 - --------------------------------------------------------------------------------------------------------------------------------- 29. TOTAL LIABILITIES $420,048,877 ($33,236,924) ($33,698,173) ($33,832,797) - --------------------------------------------------------------------------------------------------------------------------------- EQUITY - --------------------------------------------------------------------------------------------------------------------------------- 30. PREPETITION OWNERS' EQUITY $ 16,327,446 $ 16,327,446 $ 16,327,446 - --------------------------------------------------------------------------------------------------------------------------------- 31. POSTPETITION CUMULATIVE PROFIT OR (LOSS) ($223,326,799) ($223,205,699) ($223,166,749) - --------------------------------------------------------------------------------------------------------------------------------- 32. DIRECT CHARGES TO EQUITY (ATTACH EXPLANATION) - --------------------------------------------------------------------------------------------------------------------------------- 33. TOTAL EQUITY $ 0 ($206,999,353) ($206,878,253) ($206,839,303) - --------------------------------------------------------------------------------------------------------------------------------- 34. TOTAL LIABILITIES & OWNERS' EQUITY $420,048,877 ($240,236,277) ($240,576,426) ($240,672,100) - ---------------------------------------------------------------------------------------------------------------------------------
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 April 2001 May 2001 June 2001 TOTAL - ---------------------------------------------------------------------------------------------------------------------------------- 1. GROSS REVENUES $ 45,920 $ 23,660 $ 36,680 $ 106,260 - ---------------------------------------------------------------------------------------------------------------------------------- 2. LESS: RETURNS & DISCOUNTS $ 0 $ 0 $ 0 $ 0 - ---------------------------------------------------------------------------------------------------------------------------------- 3. NET REVENUE $ 45,920 $ 23,660 $ 36,680 $ 106,260 - ---------------------------------------------------------------------------------------------------------------------------------- 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 $ 45,920 $ 23,660 $ 36,680 $ 106,260 - ---------------------------------------------------------------------------------------------------------------------------------- OPERATING EXPENSES - ---------------------------------------------------------------------------------------------------------------------------------- 9. OFFICER / INSIDER COMPENSATION $ 0 $ 0 $ 0 $ 0 - ---------------------------------------------------------------------------------------------------------------------------------- 10. SELLING & MARKETING $ 0 $ 0 $ 0 $ 0 - ---------------------------------------------------------------------------------------------------------------------------------- 11. GENERAL & ADMINISTRATIVE $ 20,048 ($148,251) $ 10,947 ($117,256) - ---------------------------------------------------------------------------------------------------------------------------------- 12. RENT & LEASE $ 0 $ 0 $ 0 $ 0 - ---------------------------------------------------------------------------------------------------------------------------------- 13. OTHER (ATTACH LIST) $ 0 $ 0 $ 0 $ 0 - ---------------------------------------------------------------------------------------------------------------------------------- 14. TOTAL OPERATING EXPENSES $ 20,048 ($148,251) $ 10,947 ($117,256) - ---------------------------------------------------------------------------------------------------------------------------------- 15. INCOME BEFORE NON-OPERATING INCOME & EXPENSE $ 25,872 $ 171,911 $ 25,733 $ 223,516 - ---------------------------------------------------------------------------------------------------------------------------------- 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 $ 165 $ 94 $ 83 $ 342 - ---------------------------------------------------------------------------------------------------------------------------------- 19. DEPRECIATION / DEPLETION $ 0 $ 0 $ 0 $ 0 - ---------------------------------------------------------------------------------------------------------------------------------- 20. AMORTIZATION $ 7,942 $ 7,942 $ 7,942 $ 23,826 - ---------------------------------------------------------------------------------------------------------------------------------- 21. OTHER (ATTACH LIST) ($76,827) ($75,467) ($67,205) ($219,499) - ---------------------------------------------------------------------------------------------------------------------------------- 22. NET OTHER INCOME & EXPENSES ($68,720) ($67,431) ($59,180) ($195,331) - ---------------------------------------------------------------------------------------------------------------------------------- REORGANIZATION EXPENSES - ---------------------------------------------------------------------------------------------------------------------------------- 23. PROFESSIONAL FEES $ 71,778 $ 37,508 $ 19,746 $ 129,032 - ---------------------------------------------------------------------------------------------------------------------------------- 24. U.S. TRUSTEE FEES $ 0 $ 0 $ 250 $ 250 - ---------------------------------------------------------------------------------------------------------------------------------- 25. OTHER (ATTACH LIST) $ 0 $ 0 $ 0 $ 0 - ---------------------------------------------------------------------------------------------------------------------------------- 26. TOTAL REORGANIZATION EXPENSES $ 71,778 $ 37,508 $ 19,996 $ 129,282 - ---------------------------------------------------------------------------------------------------------------------------------- 27. INCOME TAX $ 9,125 $ 80,734 $ 25,967 $ 115,826 - ---------------------------------------------------------------------------------------------------------------------------------- 28. NET PROFIT (LOSS) $ 13,689 $ 121,100 $ 38,950 $ 173,739 - ----------------------------------------------------------------------------------------------------------------------------------
Monthly Operating Report - ----------------------------------------------- CASE NAME: Kitty Hawk International, Inc. ACCRUAL BASIS-3 - ----------------------------------------------- - ----------------------------------------------- CASE NUMBER: 400-42144 02/13/95, RWD, 2/96 - ----------------------------------------------- CASH RECEIPTS AND MONTH MONTH MONTH QUARTER --------------------------------------------------------- DISBURSEMENTS April 2001 May 2001 June 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 $ 21,000 $ 16,000 $ 26,000 $ 63,000 - ----------------------------------------------------------------------------------------------------------------------------- 5. TOTAL OPERATING RECEIPTS $ 21,000 $ 16,000 $ 26,000 $ 63,000 - ----------------------------------------------------------------------------------------------------------------------------- NON - OPERATING RECEIPTS - ----------------------------------------------------------------------------------------------------------------------------- 6. LOANS & ADVANCES (ATTACH LIST) $ 0 $ 0 $ 0 $ 0 - ----------------------------------------------------------------------------------------------------------------------------- 7. SALE OF ASSETS $ 0 $ 67,500 $ 382,500 $ 450,000 - ----------------------------------------------------------------------------------------------------------------------------- 8. OTHER (ATTACH LIST) ($21,000) ($83,500) ($408,500) ($513,000) - ----------------------------------------------------------------------------------------------------------------------------- 9. TOTAL NON-OPERATING RECEIPTS ($21,000) ($16,000) ($26,000) ($63,000) - ----------------------------------------------------------------------------------------------------------------------------- 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 April 2001 May 2001 June 2001 - ---------------------------------------------------------------------------------------------------------- 1. 0-30 ($16,000) ($11,000) ($16,000) - ---------------------------------------------------------------------------------------------------------- 2. 31-60 $ 112 $ 0 $ 0 - ---------------------------------------------------------------------------------------------------------- 3. 61-90 ($1,825) $ 112 $ 0 - ---------------------------------------------------------------------------------------------------------- 4. 91+ $7,294,782 $7,291,842 $7,247,396 - ---------------------------------------------------------------------------------------------------------- 5. TOTAL ACCOUNTS RECEIVABLE $ 0 $7,277,069 $7,280,954 $7,231,396 - ---------------------------------------------------------------------------------------------------------- 6. AMOUNT CONSIDERED UNCOLLECTIBLE $ 0 $ 0 $ 0 - ---------------------------------------------------------------------------------------------------------- 7. ACCOUNTS RECEIVABLE (NET) $ 0 $7,277,069 $7,280,954 $7,231,396 - ---------------------------------------------------------------------------------------------------------- AGING OF POSTPETITION TAXES AND PAYABLES MONTH: June 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 $4,258 $ 140 $ 62 $ 64,234 $ 68,694 - ---------------------------------------------------------------------------------------------------------- - ---------------------------------------------------------------------------------------------------------- STATUS OF POSTPETITION TAXES MONTH: June 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: June 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: June 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 $784 - --------------------------------------------------------------------------------------------------- 3. GE Capital varies $ 0 $ 0 - --------------------------------------------------------------------------------------------------- 4. N/A $ 0 $ 0 - --------------------------------------------------------------------------------------------------- 5. N/A $ 0 - --------------------------------------------------------------------------------------------------- 6 TOTAL $1,639 $ 1,639 $784 - ---------------------------------------------------------------------------------------------------
Monthly Operating Report - ----------------------------------------------- CASE NAME: Kitty Hawk International, Inc. ACCRUAL BASIS-7 - ----------------------------------------------- - ----------------------------------------------- CASE NUMBER: 400-42144 02/13/95, RWD, 2/96 - ----------------------------------------------- MONTH: June 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 June GE Capital was paid for debt outstanding as equipment was located and used in operations. - ------------------------------------------------------------------------------- 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 11/01. 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: June 2001 -------------------------- ACCRUAL BASIS FORM NUMBER LINE NUMBER FOOTNOTE/EXPLANATION - ----------------------------------------------------------------------------------------------------------- 6 All Professional fees related to the Reorganization of the Company are disbursed out of Kitty Hawk, Inc. (Parent Company). Refer to Case # 400-42141 ----------------------------------------------------------------------------------------------------------- 7 All insurance plans related to the Company are carried at Kitty Hawk, Inc. (Parent Company). Refer to Case # 400-42141. - ----------------------------------------------------------------------------------------------------------- General This operation closed in May of 2000. Costs incurred during April 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 ACCRUALS BASIS-1 June 2001 8. OTHER (ATTACH LIST) $(351,815,032) Reported ------------- Intercompany Receivables (366,951,630) A/R Senior Noteholders 773,377 A/R 401(k) Loan (4,535) A/R Insurance 133,954 A/R Auction Proceeds 15,540 A/R Aging Reconciling item 67,999 Deferred Taxes 13,097,746 Loan Org Costs 47,652 Deposits - Aircraft 360,971 Deposits - Rent 218,828 Security Deposit 425,066 ------------- (351,815,032) Detail ------------- - Difference 22. OTHER (ATTACH LIST) $(148,956,543) Reported ------------- Accrued income taxes (148,777,820) Accrued Misc (190,223) Accrued Fuel 11,500 ------------- (148,956,543) Detail ------------- - Difference 27. OTHER (ATTACH LIST) $ 75,981,394 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 (275,816) Purchase reserves 1,762,176 Accrued Landing fees/parking/cargo fees 1,646,149 Various accrued taxes 1,313,200 Other Misc accruals (638,896) CASE NAME: Kitty Hawk International, Inc. CASE NUMBER: 400-42144 Details of Other Items -------------- 75,981,394 Detail -------------- - Difference ACCRUAL BASIS-2 21. NON-OPERATING INCOME (ATT. LIST) ($67,205) Reported Interest income on restricted cash -------------- investments (67,205) -------------- (67,205) Detail -------------- - Difference ACCRUAL BASIS-3 8. OTHER (ATTACH LIST) (408,500) Reported -------------- - Transfer to Inc - all money sweeps (408,500) -------------- to KH Inc. Case #400-42141 (408,500) Detail -------------- - Difference EX-99.5 7 dex995.txt MONTHLY OPERATING REPORT K.H. CARGO 06-30-01 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: JUNE 30, 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 7/27/01 - --------------------------------------------- -------------------------------------------- PRINTED NAME OF RESPONSIBLE PARTY DATE PREPARER: /s/ Kevin K. Craig CONTROLLER, KITTY HAWK INC. - --------------------------------------------- -------------------------------------------- ORIGINAL SIGNATURE OF PREPARER TITLE KEVIN K. CRAIG 7/27/01 - --------------------------------------------- -------------------------------------------- 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 APRIL, 2001 MAY, 2001 JUNE, 2001 - ----------------------------------------------------------------------------------------------------------------------------- 1. UNRESTRICTED CASH $ 6,923 $ 11,856 ($13,805) - ----------------------------------------------------------------------------------------------------------------------------- 2. RESTRICTED CASH $ 0 $ 0 $ 0 - ----------------------------------------------------------------------------------------------------------------------------- 3. TOTAL CASH $ 0 $ 6,923 $ 11,856 ($13,805) - ----------------------------------------------------------------------------------------------------------------------------- 4. ACCOUNTS RECEIVABLE (NET) $ 41,314,895 $ 23,072,495 $ 21,516,447 $ 27,924,245 - ----------------------------------------------------------------------------------------------------------------------------- 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 $ 29,684,428 $ 28,389,079 $ 21,749,855 - ----------------------------------------------------------------------------------------------------------------------------- 9. TOTAL CURRENT ASSETS $143,607,621 $ 52,763,846 $ 49,917,382 $ 49,660,295 - ----------------------------------------------------------------------------------------------------------------------------- 10. PROPERTY, PLANT & EQUIPMENT $ 2,455,211 $ 4,698,156 $ 4,698,156 $ 4,712,021 - ----------------------------------------------------------------------------------------------------------------------------- 11. LESS: ACCUMULATED DEPRECIATION / DEPLETION $ 2,652,328 $ 2,703,464 $ 2,754,988 - ----------------------------------------------------------------------------------------------------------------------------- 12. NET PROPERTY, PLANT & EQUIPMENT $ 2,455,211 $ 2,045,828 $ 1,994,692 $ 1,957,033 - ----------------------------------------------------------------------------------------------------------------------------- 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 $ 54,809,674 $ 51,912,074 $ 51,617,328 - ----------------------------------------------------------------------------------------------------------------------------- POSTPETITION LIABILITIES - ----------------------------------------------------------------------------------------------------------------------------- 17. ACCOUNTS PAYABLE $ 921,963 $ 660,005 $ 558,671 - ----------------------------------------------------------------------------------------------------------------------------- 18. TAXES PAYABLE $ 597,995 $ 691,170 $ 796,097 - ----------------------------------------------------------------------------------------------------------------------------- 19. NOTES PAYABLE $ 0 $ 0 $ 0 - ----------------------------------------------------------------------------------------------------------------------------- 20. PROFESSIONAL FEES $ 0 $ 0 $ 0 - ----------------------------------------------------------------------------------------------------------------------------- 21. SECURED DEBT $ 0 $ 0 $ 0 - ----------------------------------------------------------------------------------------------------------------------------- 22. OTHER (ATTACH LIST) ($6,743,866) ($7,646,887) ($5,286,570) - ----------------------------------------------------------------------------------------------------------------------------- 23. TOTAL POSTPETITION LIABILITIES ($5,223,908) ($6,295,712) ($3,931,802) - ----------------------------------------------------------------------------------------------------------------------------- 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 $ 5,092,400 $ 5,092,400 - ----------------------------------------------------------------------------------------------------------------------------- 27. OTHER (ATTACH LIST) $ 5,270,224 $ 5,265,131 $ 5,265,131 - ----------------------------------------------------------------------------------------------------------------------------- 28. TOTAL PREPETITION LIABILITIES $ 79,361,063 $ 10,362,164 $ 10,357,531 $ 10,357,531 - ----------------------------------------------------------------------------------------------------------------------------- 29. TOTAL LIABILITIES $ 79,361,063 $ 5,138,256 $ 4,061,819 $ 6,425,729 - ----------------------------------------------------------------------------------------------------------------------------- EQUITY - ----------------------------------------------------------------------------------------------------------------------------- 30. PREPETITION OWNERS' EQUITY $ 61,741,245 $ 61,741,245 $ 61,741,245 - ----------------------------------------------------------------------------------------------------------------------------- 31. POSTPETITION CUMULATIVE PROFIT OR (LOSS) ($12,069,827) ($13,890,990) ($16,549,646) - ----------------------------------------------------------------------------------------------------------------------------- 32. DIRECT CHARGES TO EQUITY (ATTACH EXPLANATION) $ 0 $ 0 $ 0 - ----------------------------------------------------------------------------------------------------------------------------- 33. TOTAL EQUITY $ 0 $ 49,671,418 $ 47,850,255 $ 45,191,599 - ----------------------------------------------------------------------------------------------------------------------------- 34. TOTAL LIABILITIES & OWNERS' EQUITY $ 79,361,063 $ 54,809,674 $ 51,912,074 $ 51,617,328 - ----------------------------------------------------------------------------------------------------------------------------- $ 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 APRIL, 2001 MAY, 2001 JUNE, 2001 TOTAL - ---------------------------------------------------------------------------------------------------------------------------------- 1. GROSS REVENUES $ 9,423,949 $ 10,609,464 $ 16,689,355 $ 36,722,768 - ---------------------------------------------------------------------------------------------------------------------------------- 2. LESS: RETURNS & DISCOUNTS $ 0 $ 0 $ 0 $ 0 - ---------------------------------------------------------------------------------------------------------------------------------- 3. NET REVENUE $ 9,423,949 $ 10,609,464 $ 16,689,355 $ 36,722,768 - ---------------------------------------------------------------------------------------------------------------------------------- COST OF GOODS SOLD - ---------------------------------------------------------------------------------------------------------------------------------- 4. MATERIAL $ 0 $ 0 $ 0 $ 0 - ---------------------------------------------------------------------------------------------------------------------------------- 5. DIRECT LABOR $ 0 $ 0 $ 0 $ 0 - ---------------------------------------------------------------------------------------------------------------------------------- 6. DIRECT OVERHEAD $ 0 $ 0 $ 0 $ 0 - ---------------------------------------------------------------------------------------------------------------------------------- 7. TOTAL COST OF GOODS SOLD $ 0 $ 0 $ 0 $ 0 - ---------------------------------------------------------------------------------------------------------------------------------- 8. GROSS PROFIT $ 9,423,949 $ 10,609,464 $ 16,689,355 $ 36,722,768 - ---------------------------------------------------------------------------------------------------------------------------------- OPERATING EXPENSES - ---------------------------------------------------------------------------------------------------------------------------------- 9. OFFICER / INSIDER COMPENSATION $ 26,667 $ 26,667 $ 26,667 $ 80,001 - ---------------------------------------------------------------------------------------------------------------------------------- 10. SELLING & MARKETING $ 2,215 $ 2,146 $ 718 $ 5,079 - ---------------------------------------------------------------------------------------------------------------------------------- 11. GENERAL & ADMINISTRATIVE $ 1,631,737 $ 1,705,193 $ 1,676,527 $ 5,013,457 - ---------------------------------------------------------------------------------------------------------------------------------- 12. RENT & LEASE $ 271,772 $ 296,285 $ 311,681 $ 879,738 - ---------------------------------------------------------------------------------------------------------------------------------- 13. OTHER (ATTACH LIST) $ 11,637,568 $ 11,213,075 $ 18,663,740 $ 41,514,383 - ---------------------------------------------------------------------------------------------------------------------------------- 14. TOTAL OPERATING EXPENSES $ 13,569,959 $ 13,243,366 $ 20,679,333 $ 47,492,658 - ---------------------------------------------------------------------------------------------------------------------------------- 15. INCOME BEFORE NON-OPERATING INCOME & EXPENSE ($4,146,010) ($2,633,902) ($3,989,978) ($10,769,890) - ---------------------------------------------------------------------------------------------------------------------------------- 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 $ 388,541 $ 350,235 $ 389,593 $ 1,128,369 - ---------------------------------------------------------------------------------------------------------------------------------- 19. DEPRECIATION / DEPLETION $ 51,138 $ 51,136 $ 51,523 $ 153,797 - ---------------------------------------------------------------------------------------------------------------------------------- 20. AMORTIZATION $ 0 $ 0 $ 0 $ 0 - ---------------------------------------------------------------------------------------------------------------------------------- 21. OTHER (ATTACH LIST) $ 0 $ 0 $ 0 $ 0 - ---------------------------------------------------------------------------------------------------------------------------------- 22. NET OTHER INCOME & EXPENSES $ 439,679 $ 401,371 $ 441,116 $ 1,282,166 - ---------------------------------------------------------------------------------------------------------------------------------- REORGANIZATION EXPENSES - ---------------------------------------------------------------------------------------------------------------------------------- 23. PROFESSIONAL FEES $ 0 $ 0 $ 0 $ 0 - ---------------------------------------------------------------------------------------------------------------------------------- 24. U.S. TRUSTEE FEES $ 0 $ 0 $ 0 $ 0 - ---------------------------------------------------------------------------------------------------------------------------------- 25. OTHER (ATTACH LIST) $ 0 $ 0 $ 0 $ 0 - ---------------------------------------------------------------------------------------------------------------------------------- 26. TOTAL REORGANIZATION EXPENSES $ 0 $ 0 $ 0 $ 0 - ---------------------------------------------------------------------------------------------------------------------------------- 27. INCOME TAX ($1,834,276) ($1,214,109) ($1,772,437) ($4,820,822) - ---------------------------------------------------------------------------------------------------------------------------------- 28. NET PROFIT (LOSS) ($2,751,413) ($1,821,164) ($2,658,657) ($7,231,234) - ----------------------------------------------------------------------------------------------------------------------------------
Monthly Operating Report - --------------------------------------- CASE NAME: KITTY HAWK CARGO, INC ACCRUAL BASIS-3 - --------------------------------------- - --------------------------------------- CASE NUMBER: 400-42145-BJH-11 02/13/95, RWD, 2/96 - --------------------------------------- MONTH MONTH MONTH QUARTER CASH RECEIPTS AND ---------------------------------------------------------- DISBURSEMENTS APRIL, 2001 MAY, 2001 JUNE, 2001 TOTAL - ---------------------------------------------------------------------------------------------------------------------------------- 1. CASH - BEGINNING OF MONTH $ 3,462 $ 6,923 $ 11,856 $ 3,462 - ---------------------------------------------------------------------------------------------------------------------------------- RECEIPTS FROM OPERATIONS - ---------------------------------------------------------------------------------------------------------------------------------- 2. CASH SALES $ 0 $ 0 $ 0 $ 0 - ---------------------------------------------------------------------------------------------------------------------------------- COLLECTION OF ACCOUNTS RECEIVABLE - ---------------------------------------------------------------------------------------------------------------------------------- 3. PREPETITION $ 0 $ 0 $ 0 $ 0 - ---------------------------------------------------------------------------------------------------------------------------------- 4. POSTPETITION $ 10,875,495 $ 8,789,275 $ 8,105,516 $ 27,770,286 - ---------------------------------------------------------------------------------------------------------------------------------- 5. TOTAL OPERATING RECEIPTS $ 10,875,495 $ 8,789,275 $ 8,105,516 $ 27,770,286 - ---------------------------------------------------------------------------------------------------------------------------------- NON - OPERATING RECEIPTS - ---------------------------------------------------------------------------------------------------------------------------------- 6. LOANS & ADVANCES (ATTACH LIST) $ 0 $ 0 $ 0 $ 0 - ---------------------------------------------------------------------------------------------------------------------------------- 7. SALE OF ASSETS $ 0 $ 0 $ 0 $ 0 - ---------------------------------------------------------------------------------------------------------------------------------- 8. OTHER (ATTACH LIST) ($10,872,034) ($8,784,342) ($8,131,177) ($27,787,553) - ---------------------------------------------------------------------------------------------------------------------------------- 9. TOTAL NON-OPERATING RECEIPTS ($10,872,034) ($8,784,342) ($8,131,177) ($27,787,553) - ---------------------------------------------------------------------------------------------------------------------------------- 10. TOTAL RECEIPTS $ 3,461 $ 4,933 ($25,661) ($17,267) - ---------------------------------------------------------------------------------------------------------------------------------- 11. TOTAL CASH AVAILABLE $ 6,923 $ 11,856 ($13,805) ($13,805) - ---------------------------------------------------------------------------------------------------------------------------------- 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 $ 3,461 $ 4,933 ($25,661) ($17,267) - ---------------------------------------------------------------------------------------------------------------------------------- 33. CASH - END OF MONTH $ 6,923 $ 11,856 ($13,805) ($13,805) - ----------------------------------------------------------------------------------------------------------------------------------
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 APRIL, 2001 MAY, 2001 JUNE, 2001 - --------------------------------------------------------------------------------------------------------------------------------- 1. 0-30 $21,518,319 $14,537,700 $13,878,086 $19,807,648 - --------------------------------------------------------------------------------------------------------------------------------- 2. 31-60 $14,127,296 $ 538,479 $ 351,540 $ 336,422 - --------------------------------------------------------------------------------------------------------------------------------- 3. 61-90 $ 2,070,404 $ 369,857 $ 214,305 $ 193,517 - --------------------------------------------------------------------------------------------------------------------------------- 4. 91+ $ 3,598,876 $ 6,932,739 $ 6,414,800 $ 6,294,163 - --------------------------------------------------------------------------------------------------------------------------------- 5. TOTAL ACCOUNTS RECEIVABLE $41,314,895 $22,378,775 $20,858,731 $26,631,750 - --------------------------------------------------------------------------------------------------------------------------------- 6. AMOUNT CONSIDERED UNCOLLECTIBLE - --------------------------------------------------------------------------------------------------------------------------------- 7. ACCOUNTS RECEIVABLE (NET) $41,314,895 $22,378,775 $20,858,731 $26,631,750 - --------------------------------------------------------------------------------------------------------------------------------- AGING OF POSTPETITION TAXES AND PAYABLES MONTH: JUNE, 2001 ----------------------- 0-30 31-60 61-90 91+ TAXES PAYABLE DAYS DAYS DAYS DAYS TOTAL - -------------------------------------------------------------------------------------------- 1. FEDERAL $796,097 $796,097 - -------------------------------------------------------------------------------------------- 2. STATE $ 0 - -------------------------------------------------------------------------------------------- 3. LOCAL $ 0 - -------------------------------------------------------------------------------------------- 4. OTHER (ATTACH LIST) $ 0 - -------------------------------------------------------------------------------------------- 5. TOTAL TAXES PAYABLE $796,097 $ 0 $ 0 $ 0 $796,097 - -------------------------------------------------------------------------------------------- 6. ACCOUNTS PAYABLE $485,182 $ 15,868 $ 28,047 $ 29,574 $558,671 - -------------------------------------------------------------------------------------------- STATUS OF POSTPETITION TAXES MONTH: JUNE, 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) $691,170 $796,097 $691,170 $796,097 - -------------------------------------------------------------------------------------------- 7. TOTAL FEDERAL TAXES $691,170 $796,097 $691,170 $796,097 - -------------------------------------------------------------------------------------------- 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 $691,170 $796,097 $691,170 $796,097 - -------------------------------------------------------------------------------------------- * 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: JUNE, 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 ($20,305) ($20,305) - ----------------------------------------------------------------------------------------------------- 5. MONTH END BALANCE PER BOOKS ($20,305) $0 $0 ($20,305) - ----------------------------------------------------------------------------------------------------- 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 ($13,805) - -----------------------------------------------------------------------
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: JUNE, 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 $258,167 - ----------------------------------------------------------------------------------------------------- 2. - ----------------------------------------------------------------------------------------------------- 3. - ----------------------------------------------------------------------------------------------------- 4. - ----------------------------------------------------------------------------------------------------- 5. - ----------------------------------------------------------------------------------------------------- 6. TOTAL PAYMENTS TO INSIDERS $26,667 $258,167 - ----------------------------------------------------------------------------------------------------- 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 $183,868 $183,868 $0 Wayne - Allen County - -------------------------------------------------------------------------------------------------------------------------- 2. Ridgely - City of $ 26,274 $ 26,274 $0 Philadelphia - PHL - -------------------------------------------------------------------------------------------------------------------------- 3. NY/NJ Airport Authority - $ 13,785 $ 13,785 $0 EWR - -------------------------------------------------------------------------------------------------------------------------- 4. City of Los Angeles - LAX $ 5,334 $ 5,334 $0 - -------------------------------------------------------------------------------------------------------------------------- 5. Airport Group Int'l - ATL $ 11,200 $ 11,200 $0 - -------------------------------------------------------------------------------------------------------------------------- 6. TOTAL $240,461 $240,461 $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: JUNE, 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: JUNE, 2001 ------------------------------ - ----------------------------------------------------------------------------------------------------------------------------- ACCRUAL BASIS FORM NUMBER LINE NUMBER FOOTNOTE / EXPLANATION - ----------------------------------------------------------------------------------------------------------------------------- - ----------------------------------------------------------------------------------------------------------------------------- - ----------------------------------------------------------------------------------------------------------------------------- 6 All Professional fees related to the Reorganization of the - ----------------------------------------------------------------------------------------------------------------------------- Company are disbursed out of Kitty Hawk, Inc. (Parent - ----------------------------------------------------------------------------------------------------------------------------- Company). Refer to Case # 400-42141 - ----------------------------------------------------------------------------------------------------------------------------- - ----------------------------------------------------------------------------------------------------------------------------- 7 All insurance plans related to the Company are carried - ----------------------------------------------------------------------------------------------------------------------------- at Kitty Hawk, Inc. (Parent Company). Refer to Case # - ----------------------------------------------------------------------------------------------------------------------------- 400-42141. - ----------------------------------------------------------------------------------------------------------------------------- - ----------------------------------------------------------------------------------------------------------------------------- 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 JUNE, 2001 ACCRUAL BASIS-1 8. OTHER (ATTACH LIST) $ 21,749,855 Reported ------------- Net of all I/C Accts Receivable/Payable 21,409,641 Intangibles - Other 154,458 Deposits 185,756 ------------- 21,749,855 Detail ------------- - Difference ------------- 22. OTHER (ATTACH LIST) $ (5,286,570) Reported ------------- Accrued Liabilities 6,627,845 Accrued Salaries & PR Taxes - Less: FET Taxes Payable (Line 18) (796,097) Post-petition Fed Inc Tax (11,118,318) ------------- *** FET recorded in Taxes Payable (5,286,570) Detail ------------- - Difference ------------- 27. OTHER (ATTACH LIST) $ 5,265,131 Reported ------------- Pre-petition Fed Inc Tax 4,018,643 Pre-petition Deposits 479,840 Pre-petition Taxes Other - Pre-petition Accrued Liabilities 766,648 ------------- 5,265,131 Detail ------------- - Difference ------------- ACCRUAL BASIS-2 13. OTHER (ATTACH LIST) $ 18,663,740 Reported ------------- Aircraft Costs 7,249,523 I/C Aircraft Costs (KHA) 3,688,500 KHC Ground Handling (Operations Payroll) 1,060,697 Outstation Ground Handling 1,785,982 Trucking Costs 442,285 Fuel 4,166,764 Contract Labor 67,388 Other 202,601 ------------- 18,663,740 Detail ------------- - Difference ACCRUAL BASIS-3 8. OTHER (ATTACH LIST) (8,131,177) Reported ------------- Transfer to Inc - all money sweeps (8,131,177) Detail ------------- to KH Inc. Case #400-42141 - Difference ------------- ACCRUAL BASIS-4 6. OTHER (ATTACH LIST) 1,487,267 Reported ------------- FET (720) 5/01-15/01 Pd 6/12 308,202 FET (720) 5/16-30/01 Pd 6/27 320,840 FET (720) Refund - Reconciling Item 62,128 FET (720) 6/01-30/01 796,097 ------------- 1,487,267 Detail ------------- 0 Difference ------------- KITTY HAWK CARGO, INC. CASE # 400-42145-BJH-11 KITTY HAWK CARGO, INC. F.E.T. PAYMENT TRANSFER REQUEST FOR AMOUNT OF: $308,202.27 ---------------------------------------------------- PURPOSE: F.E.T. (720) FOR PERIOD - QTR 2 PMT# 5 --- --- KEVIN K. CRAIG /s/ KEVIN K. CRAIG - ------------------------------ ------------------------------ PRINT NAME AUTHORIZED SIGNATURE COST CENTER TRANSFER DUE: ----------- ------------- 112.31660 6/12/01 ------------ ------- ACCOUNT CODE: DATE Initiated By: ---------------------- Date: ----------------------- Verficiation #: -------------------- KITTY HAWK CARGO, INC. CASE #400-42145-BJH-11 DEPOSIT RECEIPT BANK ONE, TEXAS TELEPHONE TAX PAYMENT SERVICE NATIONAL PRODUCT CONTROL 1810 COMMERCE STREET DALLAS TX 75201 TEL: (800) 395-0010 RAECHEL FORD KITTY HAWK CARGO INC PO BOX 612787 DALLAS, TX 75261-2787 [BAR CODE] LEGEND ------ CALL DATE *=called in during extended hours, will process next business day SUBSCR ID: 1823648 TRANS TYPE L=Late payment P=Payment D=Same Day Deletion C=Cancelled - ---------------------------------------------------------------------------------------------------------------------- CALL VERIF. TAX ID TAX TRANS. DEPOSIT TAX LIAB. FREQ DEP. DATE NO NUMBER TYPE TYPE AMOUNT PERIOD DATE - ---------------------------------------------------------------------------------------------------------------------- 06/12/01 494699 752814744 720 P 308,202.27 2/01 QUARTERLY 06/13/01 BANK ACCOUNT NUMBER: 1559691298 TOTAL DEBIT: 308,202.27 DEBIT DATE: 06/12/01
================================================================================ THIS DEPOSIT RECEIPT SHOULD BE KEPT FOR FUTURE REFERENCE. PLEASE REFER TO THIS RECEIPT WHEN CONTACTING YOUR CUSTOMER SERVICE REPRESENTATIVE. FOR ADDITIONAL INFORMATION, CALL THE TELEPHONE NUMBER LISTED ABOVE. ================================================================================ KITTY HAWK CARGO, INC. CASE # 400-42145-BJH-11 KITTY HAWK CARGO, INC. F.E.T. PAYMENT TRANSFER REQUEST FOR AMOUNT OF: $320,839.69 ---------------------------------------------------- PURPOSE: F.E.T. (720) FOR PERIOD - QTR 2 PMT# 6 --- --- KEVIN K. CRAIG /s/ KEVIN K. CRAIG - ------------------------------ ------------------------------ PRINT NAME AUTHORIZED SIGNATURE COST CENTER TRANSFER DUE: ----------- ------------- 112.31660 6/27/01 ------------ ------- ACCOUNT CODE: DATE Initiated By: ---------------------- Date: ----------------------- Verficiation #: -------------------- KITTY HAWK CARGO, INC. CASE #400-42145-BJH-11 DEPOSIT RECEIPT BANK ONE, TEXAS TELEPHONE TAX PAYMENT SERVICE NATIONAL PRODUCT CONTROL 1810 COMMERCE STREET DALLAS TX 75201 TEL: (800) 395-0010 RAECHEL FORD KITTY HAWK CARGO INC PO BOX 612787 DALLAS, TX 75261-2787 [BAR CODE] LEGEND ------ CALL DATE *=called in during extended hours, will process next business day SUBSCR ID: 1823648 TRANS TYPE L=Late payment P=Payment D=Same Day Deletion C=Cancelled - ---------------------------------------------------------------------------------------------------------------------- CALL VERIF. TAX ID TAX TRANS. DEPOSIT TAX LIAB. FREQ DEP. DATE NO NUMBER TYPE TYPE AMOUNT PERIOD DATE - ---------------------------------------------------------------------------------------------------------------------- 06/27/01 669469 752814744 720 P 320,839.69 2/01 QUARTERLY 06/28/01 BANK ACCOUNT NUMBER: 1559691298 TOTAL DEBIT: 320,839.69 DEBIT DATE: 06/27/01
================================================================================ THIS DEPOSIT RECEIPT SHOULD BE KEPT FOR FUTURE REFERENCE. PLEASE REFER TO THIS RECEIPT WHEN CONTACTING YOUR CUSTOMER SERVICE REPRESENTATIVE. FOR ADDITIONAL INFORMATION, CALL THE TELEPHONE NUMBER LISTED ABOVE. ================================================================================ EX-99.6 8 dex996.txt MONTHLY OPERATING REPORT OK. TURBINES 6-30-01 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: JUNE 30, 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 7/27/01 - ---------------------------------------------------- --------------------------------------------- PRINTED NAME OF RESPONSIBLE PARTY DATE PREPARER: /s/ Jessica L. Wilson Chief Accounting Officer - ---------------------------------------------------- --------------------------------------------- ORIGINAL SIGNATURE OF PREPARER TITLE Jessica L. Wilson 7/27/01 - ---------------------------------------------------- --------------------------------------------- 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 April 2001 May 2001 June 2001 - ------------------------------------------------------------------------------------------------------------------------- 1. UNRESTRICTED CASH $ 299,835 $ 456,732 $ 235,491 $ 295,494 - ------------------------------------------------------------------------------------------------------------------------- 2. RESTRICTED CASH $ 0 $ 0 $ 0 $ 0 - ------------------------------------------------------------------------------------------------------------------------- 3. TOTAL CASH $ 299,835 $ 456,732 $ 235,491 $ 295,494 - ------------------------------------------------------------------------------------------------------------------------- 4. ACCOUNTS RECEIVABLE (NET) $ 569,077 $ 494,123 $ 467,956 $ 532,146 - ------------------------------------------------------------------------------------------------------------------------- 5. INVENTORY $4,135,448 $4,448,362 $4,561,681 $4,576,949 - ------------------------------------------------------------------------------------------------------------------------- 6. NOTES RECEIVABLE $ 0 $ 0 $ 0 $ 0 - ------------------------------------------------------------------------------------------------------------------------- 7. PREPAID EXPENSES $ 0 $ 0 $ 0 $ 0 - ------------------------------------------------------------------------------------------------------------------------- 8. OTHER (ATTACH LIST) $ 30,000 ($856,459) ($670,061) ($736,160) - ------------------------------------------------------------------------------------------------------------------------- 9. TOTAL CURRENT ASSETS $5,034,360 $4,542,758 $4,595,067 $4,668,429 - ------------------------------------------------------------------------------------------------------------------------- 10. PROPERTY, PLANT & EQUIPMENT $ 474,012 $ 604,429 $ 612,929 $ 612,929 - ------------------------------------------------------------------------------------------------------------------------- 11. LESS: ACCUMULATED DEPRECIATION / DEPLETION $ 0 $ 143,035 $ 147,306 $ 151,815 - ------------------------------------------------------------------------------------------------------------------------- 12. NET PROPERTY, PLANT & EQUIPMENT $ 474,012 $ 461,394 $ 465,623 $ 461,114 - ------------------------------------------------------------------------------------------------------------------------- 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 $5,004,152 $5,060,690 $5,129,543 - ------------------------------------------------------------------------------------------------------------------------- POSTPETITION LIABILITIES - ------------------------------------------------------------------------------------------------------------------------- 17. ACCOUNTS PAYABLE $ 55,032 $ 27,126 $ 84,974 - ------------------------------------------------------------------------------------------------------------------------- 18. TAXES PAYABLE $ 7,858 $ 7,858 $ 7,872 - ------------------------------------------------------------------------------------------------------------------------- 19. NOTES PAYABLE $ 0 $ 0 $ 0 - ------------------------------------------------------------------------------------------------------------------------- 20. PROFESSIONAL FEES $ 0 $ 0 $ 0 - ------------------------------------------------------------------------------------------------------------------------- 21. SECURED DEBT $ 0 $ 0 $ 0 - ------------------------------------------------------------------------------------------------------------------------- 22. OTHER (ATTACH LIST) $ 10 $ 0 - ------------------------------------------------------------------------------------------------------------------------- 23. TOTAL POSTPETITION LIABILITIES $ 62,900 $ 34,984 $ 92,846 - ------------------------------------------------------------------------------------------------------------------------- PREPETITION LIABILITIES - ------------------------------------------------------------------------------------------------------------------------- 24. SECURED DEBT $ 0 $ 0 $ 0 $ 0 - ------------------------------------------------------------------------------------------------------------------------- 25. PRIORITY DEBT $ 28,268 $ 0 $ 0 $ 0 - ------------------------------------------------------------------------------------------------------------------------- 26. UNSECURED DEBT $ 493,554 $ 522,197 $ 522,197 $ 522,197 - ------------------------------------------------------------------------------------------------------------------------- 27. OTHER (ATTACH LIST) $ 0 $ 0 $ 0 $ 0 - ------------------------------------------------------------------------------------------------------------------------- 28. TOTAL PREPETITION LIABILITIES $ 521,822 $ 522,197 $ 522,197 $ 522,197 - ------------------------------------------------------------------------------------------------------------------------- 29. TOTAL LIABILITIES $ 521,822 $ 585,097 $ 557,181 $ 615,043 - ------------------------------------------------------------------------------------------------------------------------- EQUITY - ------------------------------------------------------------------------------------------------------------------------- 30. PREPETITION OWNERS' EQUITY $3,790,619 $3,790,619 $3,790,619 - ------------------------------------------------------------------------------------------------------------------------- 31. POSTPETITION CUMULATIVE PROFIT OR (LOSS) $ 628,436 $ 712,890 $ 723,881 - ------------------------------------------------------------------------------------------------------------------------- 32. DIRECT CHARGES TO EQUITY (ATTACH EXPLANATION) - ------------------------------------------------------------------------------------------------------------------------- 33. TOTAL EQUITY $ 0 $4,419,055 $4,503,509 $4,514,500 - ------------------------------------------------------------------------------------------------------------------------- 34. TOTAL LIABILITIES & OWNERS' EQUITY $ 521,822 $5,004,152 $5,060,690 $5,129,543 - -------------------------------------------------------------------------------------------------------------------------
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 April 2001 May 2001 June 2001 TOTAL - -------------------------------------------------------------------------------------------------------------------------------- 1. GROSS REVENUES $423,842 $302,341 $291,299 $1,017,482 - -------------------------------------------------------------------------------------------------------------------------------- 2. LESS: RETURNS & DISCOUNTS $ 0 $ 0 $ 0 $ 0 - -------------------------------------------------------------------------------------------------------------------------------- 3. NET REVENUE $423,842 $302,341 $291,299 $1,017,482 - -------------------------------------------------------------------------------------------------------------------------------- COST OF GOODS SOLD - -------------------------------------------------------------------------------------------------------------------------------- 4. MATERIAL $167,285 $128,335 $192,843 $ 488,463 - -------------------------------------------------------------------------------------------------------------------------------- 5. DIRECT LABOR $ 45,677 $ 42,912 $ 26,843 $ 115,432 - -------------------------------------------------------------------------------------------------------------------------------- 6. DIRECT OVERHEAD $ 8,552 $ 5,720 $ 6,503 $ 20,775 - -------------------------------------------------------------------------------------------------------------------------------- 7. TOTAL COST OF GOODS SOLD $221,514 $176,967 $226,189 $ 624,670 - -------------------------------------------------------------------------------------------------------------------------------- 8. GROSS PROFIT $202,328 $125,374 $ 65,110 $ 392,812 - -------------------------------------------------------------------------------------------------------------------------------- OPERATING EXPENSES - -------------------------------------------------------------------------------------------------------------------------------- 9. OFFICER / INSIDER COMPENSATION $ 4,615 $ 4,615 $ 6,923 $ 16,153 - -------------------------------------------------------------------------------------------------------------------------------- 10. SELLING & MARKETING $ 960 $ 297 $ 499 $ 1,756 - -------------------------------------------------------------------------------------------------------------------------------- 11. GENERAL & ADMINISTRATIVE $ 20,465 $ 28,674 $ 34,479 $ 83,618 - -------------------------------------------------------------------------------------------------------------------------------- 12. RENT & LEASE $ 3,429 $ 2,264 $ 3,959 $ 9,652 - -------------------------------------------------------------------------------------------------------------------------------- 13. OTHER (ATTACH LIST) $ 0 $ 798 $ 0 $ 798 - -------------------------------------------------------------------------------------------------------------------------------- 14. TOTAL OPERATING EXPENSES $ 29,469 $ 36,648 $ 45,860 $ 111,977 - -------------------------------------------------------------------------------------------------------------------------------- 15. INCOME BEFORE NON-OPERATING INCOME & EXPENSE $172,859 $ 88,726 $ 19,250 $ 280,835 - -------------------------------------------------------------------------------------------------------------------------------- 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 $ 4,273 $ 4,273 $ 4,509 $ 13,055 - -------------------------------------------------------------------------------------------------------------------------------- 20. AMORTIZATION $ 0 $ 0 $ 0 $ 0 - -------------------------------------------------------------------------------------------------------------------------------- 21. OTHER (ATTACH LIST) $ 0 $ 0 $ 0 $ 0 - -------------------------------------------------------------------------------------------------------------------------------- 22. NET OTHER INCOME & EXPENSES $ 4,273 $ 4,273 $ 4,509 $ 13,055 - -------------------------------------------------------------------------------------------------------------------------------- REORGANIZATION EXPENSES - -------------------------------------------------------------------------------------------------------------------------------- 23. PROFESSIONAL FEES $ 0 $ 0 $ 0 $ 0 - -------------------------------------------------------------------------------------------------------------------------------- 24. U.S. TRUSTEE FEES $ 0 $ 0 $ 3,750 $ 3,750 - -------------------------------------------------------------------------------------------------------------------------------- 25. OTHER (ATTACH LIST) $ 0 $ 0 $ 0 $ 0 - -------------------------------------------------------------------------------------------------------------------------------- 26. TOTAL REORGANIZATION EXPENSES $ 0 $ 0 $ 3,750 $ 3,750 - -------------------------------------------------------------------------------------------------------------------------------- 27. INCOME TAX $ 0 $ 0 $ 0 $ 0 - -------------------------------------------------------------------------------------------------------------------------------- 28. NET PROFIT (LOSS) $168,586 $ 84,453 $ 10,991 $ 264,030 - --------------------------------------------------------------------------------------------------------------------------------
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 April 2001 May 2001 June 2001 TOTAL - --------------------------------------------------------------------------------------------------------------------------------- 1. CASH - BEGINNING OF MONTH $151,950 $ 456,732 $235,491 $ 151,950 - --------------------------------------------------------------------------------------------------------------------------------- RECEIPTS FROM OPERATIONS - --------------------------------------------------------------------------------------------------------------------------------- 2. CASH SALES $ 0 $ 0 $ 0 $ 0 - --------------------------------------------------------------------------------------------------------------------------------- COLLECTION OF ACCOUNTS RECEIVABLE - --------------------------------------------------------------------------------------------------------------------------------- 3. PREPETITION $ 2,000 $ 1,500 $ 0 $ 3,500 - --------------------------------------------------------------------------------------------------------------------------------- 4. POSTPETITION $541,090 $ 332,127 $229,697 $1,102,914 - --------------------------------------------------------------------------------------------------------------------------------- 5. TOTAL OPERATING RECEIPTS $543,090 $ 333,627 $229,697 $1,106,414 - --------------------------------------------------------------------------------------------------------------------------------- NON - OPERATING RECEIPTS - --------------------------------------------------------------------------------------------------------------------------------- 6. LOANS & ADVANCES (ATTACH LIST) $ 0 $ 0 $ 0 $ 0 - --------------------------------------------------------------------------------------------------------------------------------- 7. SALE OF ASSETS $ 0 $ 0 $ 0 $ 0 - --------------------------------------------------------------------------------------------------------------------------------- 8. OTHER (ATTACH LIST) $ 1,631 $ 4,666 $ 16,544 $ 22,841 - --------------------------------------------------------------------------------------------------------------------------------- 9. TOTAL NON-OPERATING RECEIPTS $ 1,631 $ 4,666 $ 16,544 $ 22,841 - --------------------------------------------------------------------------------------------------------------------------------- 10. TOTAL RECEIPTS $544,721 $ 338,293 $246,241 $1,129,255 - --------------------------------------------------------------------------------------------------------------------------------- 11. TOTAL CASH AVAILABLE $696,671 $ 795,025 $481,732 $1,281,205 - --------------------------------------------------------------------------------------------------------------------------------- OPERATING DISBURSEMENTS - --------------------------------------------------------------------------------------------------------------------------------- 12. NET PAYROLL $ 48,425 $ 46,065 $ 0 $ 94,490 - --------------------------------------------------------------------------------------------------------------------------------- 13. PAYROLL TAXES PAID $ 3,674 $ 3,494 $ 0 $ 7,168 - --------------------------------------------------------------------------------------------------------------------------------- 14. SALES, USE & OTHER TAXES PAID $ 0 $ 0 $ 0 $ 0 - --------------------------------------------------------------------------------------------------------------------------------- 15. SECURED / RENTAL / LEASES $ 2,948 $ 2,266 $ 2,939 $ 8,153 - --------------------------------------------------------------------------------------------------------------------------------- 16. UTILITIES $ 2,492 $ 2,781 $ 2,683 $ 7,956 - --------------------------------------------------------------------------------------------------------------------------------- 17. INSURANCE $ 0 $ 0 $ 0 $ 0 - --------------------------------------------------------------------------------------------------------------------------------- 18. INVENTORY PURCHASES $ 71,271 $ 241,798 $131,224 $ 444,293 - --------------------------------------------------------------------------------------------------------------------------------- 19. VEHICLE EXPENSES $ 1,258 $ 109 $ 0 $ 1,367 - --------------------------------------------------------------------------------------------------------------------------------- 20. TRAVEL $ 334 $ 343 $ 922 $ 1,599 - --------------------------------------------------------------------------------------------------------------------------------- 21. ENTERTAINMENT $ 388 $ 195 $ 76 $ 659 - --------------------------------------------------------------------------------------------------------------------------------- 22. REPAIRS & MAINTENANCE $ 38,270 $ 29,150 $ 30,923 $ 98,343 - --------------------------------------------------------------------------------------------------------------------------------- 23. SUPPLIES $ 2,487 $ 3,959 $ 4,437 $ 10,883 - --------------------------------------------------------------------------------------------------------------------------------- 24. ADVERTISING $ 575 $ 848 $ 576 $ 1,999 - --------------------------------------------------------------------------------------------------------------------------------- 25. OTHER (ATTACH LIST) $ 62,817 $ 228,526 $ 12,458 $ 303,801 - --------------------------------------------------------------------------------------------------------------------------------- 26. TOTAL OPERATING DISBURSEMENTS $234,939 $ 559,534 $186,238 $ 980,711 - --------------------------------------------------------------------------------------------------------------------------------- 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 $239,939 $ 559,534 $186,238 $ 985,711 - --------------------------------------------------------------------------------------------------------------------------------- 32. NET CASH FLOW $304,782 ($221,241) $ 60,003 $ 143,544 - --------------------------------------------------------------------------------------------------------------------------------- 33. CASH - END OF MONTH $456,732 $ 235,491 $295,494 $ 295,494 - ---------------------------------------------------------------------------------------------------------------------------------
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 April 2001 May 2001 June 2001 - ------------------------------------------------------------------------------------------------------------------------------------ 1. 0-30 $257,570 $230,520 $268,127 - ----------------------------------------------------------------------------------------------------------------------------------- 2. 31-60 $ 73,047 $ 54,544 $105,911 - ----------------------------------------------------------------------------------------------------------------------------------- 3. 61-90 $ 16,680 $ 41,242 $ 2,931 - ----------------------------------------------------------------------------------------------------------------------------------- 4. 91+ $146,826 $141,650 $155,177 - ----------------------------------------------------------------------------------------------------------------------------------- 5. TOTAL ACCOUNTS RECEIVABLE $ 0 $494,123 $467,956 $532,146 - ----------------------------------------------------------------------------------------------------------------------------------- 6. AMOUNT CONSIDERED UNCOLLECTIBLE $ 0 $ 0 $ 0 - ----------------------------------------------------------------------------------------------------------------------------------- 7. ACCOUNTS RECEIVABLE (NET) $ 0 $494,123 $467,956 $532,146 - ----------------------------------------------------------------------------------------------------------------------------------- AGING OF POSTPETITION TAXES AND PAYABLE MONTH: June 2001 ------------------------ 0-30 31-60 61-90 91+ TAXES PAYABLE DAYS DAYS DAYS DAYS TOTAL - ----------------------------------------------------------------------------------------------------------------------------------- 1. FEDERAL $ 0 $ 0 $ 0 $ 0 $ 0 - ----------------------------------------------------------------------------------------------------------------------------------- 2. STATE $ 7,871 $ 0 $ 0 $ 0 $ 7,871 - ----------------------------------------------------------------------------------------------------------------------------------- 3. LOCAL $ 0 $ 0 $ 0 $ 0 $ 0 - ----------------------------------------------------------------------------------------------------------------------------------- 4. OTHER (ATTACH LIST) $ 0 $ 0 $ 0 $ 0 $ 0 - ----------------------------------------------------------------------------------------------------------------------------------- 5. TOTAL TAXES PAYABLE $ 7,871 $ 0 $ 0 $ 0 $ 7,871 - ----------------------------------------------------------------------------------------------------------------------------------- 6. ACCOUNTS PAYABLE $84,974 $ 0 $ 0 $ 0 $ 84,974 - ----------------------------------------------------------------------------------------------------------------------------------- STATUS OF POSTPETITION TAXES MONTH: June 2001 ------------------------ BEGINNING AMOUNT AMOUNT ENDING TAX WITHHELD AND/ PAID TAX FEDERAL LIABILITY* 0R ACCRUED 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 $7,858 $ 13 $ 0 $ 7,871 - ----------------------------------------------------------------------------------------------------------------------------------- 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 $7,858 $ 13 $ 0 $ 7,871 - ----------------------------------------------------------------------------------------------------------------------------------- 16. TOTAL TAXES $7,858 $ 13 $ 0 $ 7,871 - ----------------------------------------------------------------------------------------------------------------------------------- * 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: June 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 $ 307,765 $ 0 $ 0 $307,765 - ---------------------------------------------------------------------------------------------------------- 2. ADD: TOTAL DEPOSITS NOT CREDITED $ 0 $ 0 $ 0 $ 0 - ---------------------------------------------------------------------------------------------------------- 3. SUBTRACT: OUTSTANDING CHECKS $ 12,478 $ 0 $ 0 $ 12,478 - ---------------------------------------------------------------------------------------------------------- 4. OTHER RECONCILING ITEMS $ 0 $ 0 $ 0 $ 0 - ---------------------------------------------------------------------------------------------------------- 5. MONTH END BALANCE PER BOOKS $ 295,287 $ 0 $ 0 $295,287 - ---------------------------------------------------------------------------------------------------------- 6. NUMBER OF LAST CHECK WRITTEN 6517 Account closed Account closed - ---------------------------------------------------------------------------------------------------------- INVESTMENT ACCOUNTS - ----------------------------------------------- BANK, ACCOUNT NAME & NUMBER DATE OF TYPE OF PURCHASE CURRENT 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 $ 207 - ---------------------------------------------------------------------------------------------------------- 13. TOTAL CASH - END OF MONTH $295,494 - ----------------------------------------------------------------------------------------------------------
Monthly Operating Report - ---------------------------------------------------- CASE NAME: OK Turbines, Inc. ACCRUAL BASIS-6 - ---------------------------------------------------- - ---------------------------------------------------- CASE NUMBER: 400-42146-BJH-11 02/13/95, RWD, 2/96 - ---------------------------------------------------- MONTH: June 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 $1,269 $ 27,406 - ------------------------------------------------------------------------------------- 2. GREGG NIMMO Salary $6,923 $ 91,442 - ------------------------------------------------------------------------------------- 3. - ------------------------------------------------------------------------------------- 4. - ------------------------------------------------------------------------------------- 5. - ------------------------------------------------------------------------------------- 6. TOTAL PAYMENTS TO INSIDERS $8,192 $118,848 - ------------------------------------------------------------------------------------- PROFESSIONALS - ------------------------------------------------------------------------------------------------------------------------- NAME DATE OF COURT AMOUNT AMOUNT TOTAL PAID TOTAL ORDER AUTHORIZING APPROVED PAID TO DATE INCURRED PAYMENT & 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 - $2,395 $ 2,334 $0 Building Rent - ------------------------------------------------------------------------------------------------------- 2. Other various $ 604 $0 - ------------------------------------------------------------------------------------------------------- 3. N/A - ------------------------------------------------------------------------------------------------------- 4. N/A - ------------------------------------------------------------------------------------------------------- 5. N/A - ------------------------------------------------------------------------------------------------------- 6. TOTAL $2,395 $ 2,938 $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: June 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: June 2001 ---------------------------------------- ------------------------------------------------------------------------------------------------------------------------- ACCRUAL BASIS FORM NUMBER LINE NUMBER FOOTNOTE / EXPLANATION ------------------------------------------------------------------------------------------------------------------------- ------------------------------------------------------------------------------------------------------------------------- 3 12 All payroll is paid out of Kitty Hawk Charters, Inc. (Case #400- ------------------------------------------------------------------------------------------------------------------------- 13 42142) and allocated to the Company. Related payroll ------------------------------------------------------------------------------------------------------------------------- taxes are disbursed outof 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 June 2001 8. OTHER (ATTACH LIST) $ (736,160) Reported ------------- Intercompany Receivables (776,116) Misc (1,057) Security Deposit 41,013 ------------- (736,160) Detail ------------- - Difference ACCRUAL BASIS-3 8. OTHER (ATTACH LIST) $ 16,544 Reported ------------- Recover NSF 369 Return of money for auction not spent 16,000 Void Check 175 ------------- 16,544 Detail ------------- - Difference 25. OTHER (ATTACH LIST) 12,458 Reported ------------- Freight 4,265 Fuel 706 Licenses and Fees 539 Outside Services 4,227 Refunds 858 NSF Check 369 Subscription 1,494 Transfer to KH Charters - ------------- 12,458 Detail ------------- - Difference EX-99.7 9 dex997.txt MONTHLY OPERATING REPORT FOR LONGHORN 06-30-01 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: JUNE 30, 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 7/27/01 - ---------------------------------------------------- --------------------------------------------------- PRINTED NAME OF RESPONSIBLE PARTY DATE PREPARER: /s/ Jessica L. Wilson Chief Accounting Officer - ---------------------------------------------------- --------------------------------------------------- ORIGINAL SIGNATURE OF PREPARER TITLE Jessica L. Wilson 7/27/01 - ---------------------------------------------------- --------------------------------------------------- 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 SCHEDULE MONTH MONTH MONTH ---------------------------------------------------------- ASSETS AMOUNT April 2001 May 2001 June 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 $ 755,538 $ 755,538 $ 755,538 - --------------------------------------------------------------------------------------------------------------------------- 9. TOTAL CURRENT ASSETS $ 454,785 $ 759,139 $ 759,139 $ 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 $3,482,237 $3,482,237 $3,482,237 - --------------------------------------------------------------------------------------------------------------------------- POSTPETITION LIABILITIES - --------------------------------------------------------------------------------------------------------------------------- 17. ACCOUNTS PAYABLE $ 0 $ 0 $ 250 - --------------------------------------------------------------------------------------------------------------------------- 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) $ 86 - --------------------------------------------------------------------------------------------------------------------------- PREPETITION LIABILITIES - --------------------------------------------------------------------------------------------------------------------------- 24. SECURED DEBT $ 0 $ 0 $ 0 - --------------------------------------------------------------------------------------------------------------------------- 25. PRIORITY DEBT $ 73,455 $ 0 $ 0 $ 0 - --------------------------------------------------------------------------------------------------------------------------- 26. UNSECURED DEBT $ 68,502 $ 62,673 $ 62,673 $ 62,673 - --------------------------------------------------------------------------------------------------------------------------- 27. OTHER (ATTACH LIST) $1,225,717 $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 $1,288,476 - --------------------------------------------------------------------------------------------------------------------------- EQUITY - --------------------------------------------------------------------------------------------------------------------------- 30. PREPETITION OWNERS' EQUITY $2,194,261 $2,194,261 $2,194,261 - --------------------------------------------------------------------------------------------------------------------------- 31. POSTPETITION CUMULATIVE PROFIT OR (LOSS) ($250) ($250) ($500) - --------------------------------------------------------------------------------------------------------------------------- 32. DIRECT CHARGES TO EQUITY (ATTACH EXPLANATION) - --------------------------------------------------------------------------------------------------------------------------- 33. TOTAL EQUITY $ 0 $2,194,011 $2,194,011 $2,193,761 - --------------------------------------------------------------------------------------------------------------------------- 34. TOTAL LIABILITIES & OWNERS' EQUITY $ 141,957 $3,482,237 $3,482,237 $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 April 2001 May 2001 June 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 QUARTER CASH RECEIPTS AND --------------------------------------------------------- DISBURSEMENTS April 2001 May 2001 June 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 April 2001 May 2001 June 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: June 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 $ 250 $ 0 $ 0 $ 0 $ 250 - ------------------------------------------------------------------------------------------------------ STATUS OF POSTPETITION TAXES MONTH: June 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: June 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 Operating - Closed 11/00 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: June 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 ORDER AUTHORIZING AMOUNT AMOUNT TOTAL PAID NAME PAYMENT APPROVED PAID TO DATE - --------------------------------------------------------------------------------------------- 1. N/A - --------------------------------------------------------------------------------------------- 2. N/A - --------------------------------------------------------------------------------------------- 3. N/A - --------------------------------------------------------------------------------------------- 4. N/A - --------------------------------------------------------------------------------------------- 5. N/A - --------------------------------------------------------------------------------------------- 6. TOTAL PAYMENTS TO PROFESSIONALS $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: June 2001 ----------------------- QUESTIONNAIRE YES NO - ----------------------------------------------------------------------------------------------------------------------------- 1. HAVE ANY ASSETS BEEN SOLD OR TRANSFERRED OUTSIDE THE NORMAL COURSE OF BUSINESS THIS REPORTING PERIOD? X - ----------------------------------------------------------------------------------------------------------------------------- 2. HAVE ANY FUNDS BEEN DISBURSED FROM ANY ACCOUNT OTHER THAN A DEBTOR IN POSSESSION ACCOUNT? X - ----------------------------------------------------------------------------------------------------------------------------- 3. ARE ANY POSTPETITION RECEIVABLES (ACCOUNTS, NOTES, OR LOANS) DUE FROM RELATED PARTIES? X - ----------------------------------------------------------------------------------------------------------------------------- 4. HAVE ANY PAYMENTS BEEN MADE ON PREPETITION LIABILITIES THIS REPORTING PERIOD? X - ----------------------------------------------------------------------------------------------------------------------------- 5. HAVE ANY POSTPETITION LOANS BEEN RECEIVED BY THE DEBTOR FROM ANY PARTY? X - ----------------------------------------------------------------------------------------------------------------------------- 6. ARE ANY POSTPETITION PAYROLL TAXES PAST DUE? X - ----------------------------------------------------------------------------------------------------------------------------- 7. ARE ANY POSTPETITION STATE OR FEDERAL INCOME TAXES PAST DUE? X - ----------------------------------------------------------------------------------------------------------------------------- 8. ARE ANY POSTPETITION REAL ESTATE TAXES PAST DUE? X - ----------------------------------------------------------------------------------------------------------------------------- 9. ARE ANY OTHER POSTPETITION TAXES PAST DUE? X - ----------------------------------------------------------------------------------------------------------------------------- 10. ARE ANY AMOUNTS OWED TO POSTPETITION CREDITORS DELINQUENT? X - ----------------------------------------------------------------------------------------------------------------------------- 11. HAVE ANY PREPETITION TAXES BEEN PAID DURING THE REPORTING PERIOD? X - ----------------------------------------------------------------------------------------------------------------------------- 12. ARE ANY WAGE PAYMENTS PAST DUE? X - ----------------------------------------------------------------------------------------------------------------------------- IF THE ANSWER TO ANY OF THE ABOVE QUESTIONS IS "YES," PROVIDE A DETAILED EXPLANATION OF EACH ITEM. ATTACH ADDITIONAL SHEETS IF NECESSARY. INSURANCE YES NO - ----------------------------------------------------------------------------------------------------------------------------- 1. ARE WORKER'S COMPENSATION, GENERAL LIABILITY AND OTHER NECESSARY INSURANCE COVERAGES IN EFFECT? X - --------------------------------------------------------------------------------------------------------------------------------- 2. ARE ALL PREMIUM PAYMENTS PAID CURRENT? X - --------------------------------------------------------------------------------------------------------------------------------- 3. PLEASE ITEMIZE POLICIES BELOW. - --------------------------------------------------------------------------------------------------------------------------------- IF THE ANSWER TO ANY OF THE ABOVE QUESTIONS IS "NO," OR IF ANY POLICIES HAVE BEEN CANCELLED OR NOT RENEWED DURING THIS REPORTING PERIOD, PROVIDE AN EXPLANATION BELOW. ATTACH ADDITIONAL SHEETS IF NECESSARY. - --------------------------------------------------------------------------------------------------------------------------------- - --------------------------------------------------------------------------------------------------------------------------------- INSTALLMENT PAYMENTS - --------------------------------------------------------------------------------------------------------------------------------- TYPE OF PAYMENT AMOUNT POLICY CARRIER PERIOD COVERED & FREQUENCY - --------------------------------------------------------------------------------------------------------------------------------- Property Insurance CAN Transcontinental Ins. Co 9/12/00-9/11/01 $1,723.00 Annual - --------------------------------------------------------------------------------------------------------------------------------- See Kitty Hawk, Inc. Case #400-42141 - --------------------------------------------------------------------------------------------------------------------------------- - ---------------------------------------------------------------------------------------------------------------------------------
==================================================================================================================================== ---------------------------------------------------------------------- CASE NAME: Longhorn Solutions, Inc. FOOTNOTES SUPPLEMENT ---------------------------------------------------------------------- ---------------------------------------------------------------------- CASE NUMBER: 400-42147-BJH-11 ACCRUAL BASIS ---------------------------------------------------------------------- MONTH: June 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. ------------------------------------------------------------------------------------------------------------------------- ------------------------------------------------------------------------------------------------------------------------- ------------------------------------------------------------------------------------------------------------------------- ------------------------------------------------------------------------------------------------------------------------- ------------------------------------------------------------------------------------------------------------------------- ------------------------------------------------------------------------------------------------------------------------- ------------------------------------------------------------------------------------------------------------------------- ------------------------------------------------------------------------------------------------------------------------- ------------------------------------------------------------------------------------------------------------------------- ------------------------------------------------------------------------------------------------------------------------- ------------------------------------------------------------------------------------------------------------------------- ------------------------------------------------------------------------------------------------------------------------- ------------------------------------------------------------------------------------------------------------------------- ------------------------------------------------------------------------------------------------------------------------- ------------------------------------------------------------------------------------------------------------------------- ------------------------------------------------------------------------------------------------------------------------- ====================================================================================================================================
CASE NAME: Longhorn Solutions, Inc. CASE NUMBER: 400-42147-BJH-11 Details of Other Items ACCRUAL BASIS-1 June 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 EX-99.8 10 dex998.txt MONTHLY OPERATING REPORT AIRCRAFT LEASING 6-30-01 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: JUNE 30, 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 7/27/01 - -------------------------------------------- ------------------------------------------------- PRINTED NAME OF RESPONSIBLE PARTY DATE PREPARER: /s/ Kevin K. Craig CONTROLLER, KITTY HAWK INC. - -------------------------------------------- ------------------------------------------------- ORIGINAL SIGNATURE OF PREPARER TITLE KEVIN K. CRAIG 7/27/01 - -------------------------------------------- ------------------------------------------------- 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 APRIL,2001 MAY, 2001 JUNE, 2001 - ------------------------------------------------------------------------------------------------------------------------------ 1. UNRESTRICTED CASH $ 0 $ 0 $ 0 $ 0 - ------------------------------------------------------------------------------------------------------------------------------ 2. RESTRICTED CASH $ 0 $ 966,432 $ 60,243 $ 455,714 - ------------------------------------------------------------------------------------------------------------------------------ 3. TOTAL CASH $ 0 $ 966,432 $ 60,243 $ 455,714 - ------------------------------------------------------------------------------------------------------------------------------ 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) ($14,172,631) ($11,857,761) ($8,077,986) - ------------------------------------------------------------------------------------------------------------------------------ 9. TOTAL CURRENT ASSETS ($33,904,344) ($13,206,199) ($11,797,518) ($7,622,272) - ------------------------------------------------------------------------------------------------------------------------------ 10. PROPERTY, PLANT & EQUIPMENT $ 81,907,719 $ 73,916,638 $ 73,916,637 $ 65,781,639 - ------------------------------------------------------------------------------------------------------------------------------ 11. LESS: ACCUMULATED DEPRECIATION / DEPLETION $ 33,669,772 $ 35,095,181 $ 35,534,745 $ 30,599,984 - ------------------------------------------------------------------------------------------------------------------------------ 12. NET PROPERTY, PLANT & EQUIPMENT $ 48,237,946 $ 38,821,457 $ 38,381,892 $ 35,181,655 - ------------------------------------------------------------------------------------------------------------------------------ 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 $ 25,615,258 $ 26,584,374 $ 27,559,383 - ------------------------------------------------------------------------------------------------------------------------------ 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) $ 4,167,107 $ 4,558,270 $ 4,951,273 - ------------------------------------------------------------------------------------------------------------------------------ 23. TOTAL POSTPETITION LIABILITIES $ 4,167,107 $ 4,558,270 $ 4,951,273 - ------------------------------------------------------------------------------------------------------------------------------ PREPETITION LIABILITIES - ------------------------------------------------------------------------------------------------------------------------------ 24. SECURED DEBT $ 2,811,382 $ 8,791 $ 0 $ 0 - ------------------------------------------------------------------------------------------------------------------------------ 25. PRIORITY DEBT $ 0 $ 0 $ 0 $ 0 - ------------------------------------------------------------------------------------------------------------------------------ 26. UNSECURED DEBT $ 0 $ 0 $ 0 $ 0 - ------------------------------------------------------------------------------------------------------------------------------ 27. OTHER (ATTACH LIST) $ 1,300,001 $ 2,399,516 $ 2,399,516 $ 2,399,516 - ------------------------------------------------------------------------------------------------------------------------------ 28. TOTAL PREPETITION LIABILITIES $ 4,111,383 $ 2,408,307 $ 2,399,516 $ 2,399,516 - ------------------------------------------------------------------------------------------------------------------------------ 29. TOTAL LIABILITIES $ 4,111,383 $ 6,575,414 $ 6,957,786 $ 7,350,789 - ------------------------------------------------------------------------------------------------------------------------------ EQUITY - ------------------------------------------------------------------------------------------------------------------------------ 30. PREPETITION OWNERS' EQUITY $ 0 $ 12,789,185 $ 12,789,185 $ 12,789,185 - ------------------------------------------------------------------------------------------------------------------------------ 31. POSTPETITION CUMULATIVE PROFIT OR (LOSS) $ 6,250,659 $ 6,837,403 $ 7,419,409 - ------------------------------------------------------------------------------------------------------------------------------ 32. DIRECT CHARGES TO EQUITY (ATTACH EXPLANATION) $ 0 - ------------------------------------------------------------------------------------------------------------------------------ 33. TOTAL EQUITY $ 0 $ 19,039,844 $ 19,626,588 $ 20,208,594 - ------------------------------------------------------------------------------------------------------------------------------ 34. TOTAL LIABILITIES & OWNERS' EQUITY $ 4,111,383 $ 25,615,258 $ 26,584,374 $ 27,559,383 - ------------------------------------------------------------------------------------------------------------------------------ $ 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 APRIL, 2001 MAY, 2001 JUNE, 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) ($979) ($117) ($1,009) ($2,105) - ------------------------------------------------------------------------------------------------------------------------------ 17. NON-OPERATING EXPENSE (ATT. LIST) $ 0 $ 0 $ 0 $ 0 - ------------------------------------------------------------------------------------------------------------------------------ 18. INTEREST EXPENSE $ 0 $ 0 $ 0 $ 0 - ------------------------------------------------------------------------------------------------------------------------------ 19. DEPRECIATION / DEPLETION $ 444,564 $ 439,564 $ 439,565 $ 1,323,693 - ------------------------------------------------------------------------------------------------------------------------------ 20. AMORTIZATION $ 0 $ 0 $ 0 $ 0 - ------------------------------------------------------------------------------------------------------------------------------ 21. OTHER (ATTACH LIST) ($444,564) ($448,355) ($444,565) ($1,337,484) - ------------------------------------------------------------------------------------------------------------------------------ 22. NET OTHER INCOME & EXPENSES ($979) ($8,908) ($6,009) ($15,896) - ------------------------------------------------------------------------------------------------------------------------------ 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 $ 387,992 $ 391,163 $ 388,003 $ 1,167,158 - ------------------------------------------------------------------------------------------------------------------------------ 28. NET PROFIT (LOSS) $ 581,987 $ 586,745 $ 582,006 $ 1,750,738 - ------------------------------------------------------------------------------------------------------------------------------ $ 0 $ 0 $ 0 - ------------------------------------------------------------------------------------------------------------------------------
Monthly Operating Report - -------------------------------------- CASE NAME: AIRCRAFT LEASING, INC. ACCRUAL BASIS-3 - -------------------------------------- - -------------------------------------- CASE NUMBER: 400-42148-BJH-11 02/13/95, RWD, 2/96 - -------------------------------------- MONTH MONTH MONTH QUARTER CASH RECEIPTS AND ---------------------------------------------------------- DISBURSEMENTS APRIL, 2001 MAY, 2001 JUNE, 2001 TOTAL - ---------------------------------------------------------------------------------------------------------------------------- 1. CASH - BEGINNING OF MONTH $ 173,456 $ 966,432 $ 60,243 $ 173,456 - ---------------------------------------------------------------------------------------------------------------------------- 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) $1,000,979 $ 117 $501,009 $1,502,105 - ---------------------------------------------------------------------------------------------------------------------------- 9. TOTAL NON-OPERATING RECEIPTS $1,000,979 $ 117 $501,009 $1,502,105 - ---------------------------------------------------------------------------------------------------------------------------- 10. TOTAL RECEIPTS $1,000,979 $ 117 $501,009 $1,502,105 - ---------------------------------------------------------------------------------------------------------------------------- 11. TOTAL CASH AVAILABLE $1,174,435 $ 966,549 $561,252 $1,675,561 - ---------------------------------------------------------------------------------------------------------------------------- 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 $ 208,003 $ 906,306 $105,538 $1,219,847 - ---------------------------------------------------------------------------------------------------------------------------- 28. U.S. TRUSTEE FEES $ 0 $ 0 $ 0 $ 0 - ---------------------------------------------------------------------------------------------------------------------------- 29. OTHER (ATTACH LIST) $ 0 $ 0 $ 0 $ 0 - ---------------------------------------------------------------------------------------------------------------------------- 30. TOTAL REORGANIZATION EXPENSES $ 208,003 $ 906,306 $105,538 $1,219,847 - ---------------------------------------------------------------------------------------------------------------------------- 31. TOTAL DISBURSEMENTS $ 208,003 $ 906,306 $105,538 $1,219,847 - ---------------------------------------------------------------------------------------------------------------------------- 32. NET CASH FLOW $ 792,976 ($906,189) $395,471 $ 282,258 - ---------------------------------------------------------------------------------------------------------------------------- 33. CASH - END OF MONTH $ 966,432 $ 60,243 $455,714 $ 455,714 - ----------------------------------------------------------------------------------------------------------------------------
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 APRIL,2001 MAY, 2001 JUNE, 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: JUNE, 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: JUNE, 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: JUNE, 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 $455,714 - --------------------------------------------------------------------------------------------- 9. - --------------------------------------------------------------------------------------------- 10. - --------------------------------------------------------------------------------------------- 11. TOTAL INVESTMENTS $455,714 - --------------------------------------------------------------------------------------------- CASH - --------------------------------------------- 12. CURRENCY ON HAND $ 0 - --------------------------------------------------------------------------------------------- 13. TOTAL CASH - END OF MONTH $455,714 - ---------------------------------------------------------------------------------------------
Monthly Operating Report - --------------------------------------- CASE NAME: AIRCRAFT LEASING, INC. ACCRUAL BASIS-6 - --------------------------------------- - --------------------------------------- CASE NUMBER: 400-42148-BJH-11 02/13/95, RWD, 2/96 - --------------------------------------- MONTH: JUNE, 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 $0 $0 $0 (865001) - ------------------------------------------------------------------------------------------------------- 2. FIRST SOURCE BANK $0 $0 $0 (RPS) - ------------------------------------------------------------------------------------------------------- 3. FIRST SOURCE BANK $0 $0 $0 (AIA) - ------------------------------------------------------------------------------------------------------- 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: JUNE, 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) $105,538 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: JUNE, 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) ($8,127,986) Intercompany Cummulative Receivable/Payable Credit Balance 1 - BS 22 a) $4,946,273 Accrued Federal Income Taxes (Post-petition) b) $5,000 Accrued U.S. B.R. Trustee Disbursement Fees 1 - BS 27 a) $2,399,516 Accrued Taxes Payable (Pre-petition) 2 - IS 16 a) $1,009 Interest Income (from HSBC-Escrow account) 2 - IS 21 a) ($444,565) Credit for Allocation of A/C Costs to KH Cargo (vs I/C) 3 - CF 8 a) $1,009 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) $105,538 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: June 2001 ---------------------------------------- ------------------------------------------------------------------------------------------------------------------------- ACCRUAL BASIS FORM NUMBER LINE NUMBER FOOTNOTE / EXPLANATION ------------------------------------------------------------------------------------------------------------------------- ------------------------------------------------------------------------------------------------------------------------- ------------------------------------------------------------------------------------------------------------------------- 3 8 All cash received into the subsidiary cash account is swept ------------------------------------------------------------------------------------------------------------------------- each night to Kitty Hawk, Inc. Master Account ------------------------------------------------------------------------------------------------------------------------- ------------------------------------------------------------------------------------------------------------------------- ------------------------------------------------------------------------------------------------------------------------- 3 31 All disbursements (either by wire transfer or check), including payroll, are ------------------------------------------------------------------------------------------------------------------------- disbursed out of the Kitty Hawk, Inc. controlled disbursement ------------------------------------------------------------------------------------------------------------------------- account. ------------------------------------------------------------------------------------------------------------------------- ------------------------------------------------------------------------------------------------------------------------- 4 6 All assessments of uncollectible accounts receivable are done ------------------------------------------------------------------------------------------------------------------------- at Kitty Hawk, Inc. All reserves are recorded at Inc. and pushed ------------------------------------------------------------------------------------------------------------------------- down to Inc.'s subsidiaries as deemed necessary. ------------------------------------------------------------------------------------------------------------------------- ------------------------------------------------------------------------------------------------------------------------- 7 3 All insurance policies are carried in the name of Kitty Hawk, Inc. and its ------------------------------------------------------------------------------------------------------------------------- subsidiaries. Therefore, they are listed here accordingly. ------------------------------------------------------------------------------------------------------------------------- ------------------------------------------------------------------------------------------------------------------------- ------------------------------------------------------------------------------------------------------------------------- ------------------------------------------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------------------------------------------
EX-99.9 11 dex999.txt MONTHLY OPERATING REPORT AMERICAN TRAVEL 6-30-01 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: JUNE 30, 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 7/27/01 - ------------------------------------------------- ---------------------------------- PRINTED NAME OF RESPONSIBLE PARTY DATE PREPARER: /s/ Jessica L. Wilson Chief Accounting Officer - ------------------------------------------------- ---------------------------------- ORIGINAL SIGNATURE OF PREPARER TITLE Jessica L. Wilson 7/27/01 - ------------------------------------------------- ---------------------------------- 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 ASSETS SCHEDULE MONTH MONTH MONTH ---------------------------------------------------- AMOUNT April 2001 May 2001 June 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) ($439,819) ($439,829) ($439,829) - ------------------------------------------------------------------------------------------------------------------ 9. TOTAL CURRENT ASSETS $ 64,520 ($439,819) ($439,829) ($439,829) - ------------------------------------------------------------------------------------------------------------------ 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 ($439,819) ($439,829) ($439,829) - ------------------------------------------------------------------------------------------------------------------ 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) $ 4,235 $ 4,225 $ 3,975 - ------------------------------------------------------------------------------------------------------------------ 32. DIRECT CHARGES TO EQUITY (ATTACH EXPLANATION) - ------------------------------------------------------------------------------------------------------------------ 33. TOTAL EQUITY $ 0 ($354,928) ($354,938) ($355,188) - ------------------------------------------------------------------------------------------------------------------ 34. TOTAL LIABILITIES & OWNERS' EQUITY $530,138 ($439,819) ($439,829) ($439,829) - ------------------------------------------------------------------------------------------------------------------
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 April 2001 May 2001 June 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 $ 10 $ 0 $ 10 - -------------------------------------------------------------------------------------------------------------------------------- 12. RENT & LEASE $ 0 $ 0 $ 0 $ 0 - -------------------------------------------------------------------------------------------------------------------------------- 13. OTHER (ATTACH LIST) $ 0 $ 0 $ 0 $ 0 - -------------------------------------------------------------------------------------------------------------------------------- 14. TOTAL OPERATING EXPENSES $ 0 $ 10 $ 0 $ 10 - -------------------------------------------------------------------------------------------------------------------------------- 15. INCOME BEFORE NON-OPERATING INCOME & EXPENSE $ 0 ($10) $ 0 ($10) - -------------------------------------------------------------------------------------------------------------------------------- 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 ($10) ($250) ($260) - --------------------------------------------------------------------------------------------------------------------------------
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 ------------------------------------- April 2001 May 2001 June 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 April 2001 May 2001 June 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: June 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 - --------------------------------------------------------------------------------------------------- MONTH: June 2001 STATUS OF POSPETITION TAXES ---------------------- 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: June 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: June 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 $0 $0 $0 $0 TO PROFESSIONALS - ---------------------------------------------------------------------------------------------------------------------------------- * 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: June 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. FOOTNOTES SUPPLEMENT - ---------------------------------------------------- - ---------------------------------------------------- CASE NUMBER: 400-42149-BJH-11 ACCRUAL BASIS - ---------------------------------------------------- MONTH: June 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) - ----------------------------------------------------------------------------------------------------------------------------------
CASE NAME: American International Travel, Inc. CASE NUMBER: 400-42149-BJH-11 Details of Other Items ACCRUAL BASIS-1 June 2001 8. OTHER (ATTACH LIST) (439,829) Reported ------------- Intercompany Settlements 592 A/R KH International (246,860) CDI Inter-divisional Balancing (196,142) CDI - Debit/Credit Transfer 2,581 ------------- (439,829) Detail ------------- - Difference EX-99.10 12 dex9910.txt MONTHLY OPERATING REPORT FLIGHT ONE 06-30-01 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: JUNE 30, 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 7/27/01 - ----------------------------------------------- --------------------------------------------------- PRINTED NAME OF RESPONSIBLE PARTY DATE PREPARER: /s/ Jessica L. Wilson Chief Accounting Officer - ----------------------------------------------- --------------------------------------------------- ORIGINAL SIGNATURE OF PREPARER TITLE Jessica L. Wilson 7/27/01 - ----------------------------------------------- --------------------------------------------------- PRINTED NAME OF PREPARER DATE
Monthly Operating Report - ----------------------------------------------------- CASE NAME: Flight One Logistics, Inc. ACCRUAL BASIS-1 - ----------------------------------------------------- - ----------------------------------------------------- CASE NUMBER: 400-42069-BJH 02/13/95, RWD, 2/96 - ----------------------------------------------------- COMPARATIVE BALANCE SHEET SCHEDULE MONTH MONTH MONTH ------------------------------------------------------- ASSETS AMOUNT April 2001 May 2001 June 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 $ 444 $ 444 $ 194 - --------------------------------------------------------------------------------------------------------------------- 9. TOTAL CURRENT ASSETS $39,149 $ 21,186 $ 21,186 $ 20,936 - --------------------------------------------------------------------------------------------------------------------- 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 $ 21,186 $ 21,186 $ 20,936 - --------------------------------------------------------------------------------------------------------------------- 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) ($1,030) ($1,030) ($1,280) - --------------------------------------------------------------------------------------------------------------------- 32. DIRECT CHARGES TO EQUITY (ATTACH EXPLANATION) - --------------------------------------------------------------------------------------------------------------------- 33. TOTAL EQUITY $ 0 $ 37,926 $ 37,926 $ 37,676 - --------------------------------------------------------------------------------------------------------------------- 34. TOTAL LIABILITIES & OWNERS' EQUITY $ 0 $ 21,186 $ 21,186 $ 20,936 - ---------------------------------------------------------------------------------------------------------------------
Monthly Operating Report - ---------------------------------------- CASE NAME: Flight One Logistics, Inc. ACCRUAL BASIS-2 - ---------------------------------------- - ---------------------------------------- CASE NUMBER: 400-42069-BJH 02/13/95, RWD, 2/96 - ---------------------------------------- INCOME STATEMENT MONTH MONTH MONTH QUARTER ---------------------------------------------------- REVENUES April 2001 May 2001 June 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: 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 April 2001 May 2001 June 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 April 2001 May 2001 June 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: June 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: June 2001 ---------------------- BEGINNING AMOUNT ENDING TAX WITHHELD AND/ AMOUNT TAX FEDERAL LIABILITY* 0R ACCRUED PAID LIABILITY - ----------------------------------------------------------------------------------------------------- 1. WITHHOLDING** $ 0 $ 0 $ 0 $ 0 - ----------------------------------------------------------------------------------------------------- 2. FICA-EMPLOYEE** $ 0 $ 0 $ 0 $ 0 - ----------------------------------------------------------------------------------------------------- 3. FICA-EMPLOYER** $ 0 $ 0 $ 0 $ 0 - ----------------------------------------------------------------------------------------------------- 4. UNEMPLOYMENT $ 0 $ 0 $ 0 $ 0 - ----------------------------------------------------------------------------------------------------- 5. INCOME $ 0 $ 0 $ 0 $ 0 - ----------------------------------------------------------------------------------------------------- 6. OTHER (ATTACH LIST) $ 0 $ 0 $ 0 $ 0 - ----------------------------------------------------------------------------------------------------- 7. TOTAL FEDERAL TAXES $ 0 $ 0 $ 0 $ 0 - ----------------------------------------------------------------------------------------------------- STATE AND LOCAL - ----------------------------------------------------------------------------------------------------- 8. WITHHOLDING $ 0 $ 0 $ 0 $ 0 - ----------------------------------------------------------------------------------------------------- 9. SALES $ 0 $ 0 $ 0 $ 0 - ----------------------------------------------------------------------------------------------------- 10. EXCISE $ 0 $ 0 $ 0 $ 0 - ----------------------------------------------------------------------------------------------------- 11. UNEMPLOYMENT $ 0 $ 0 $ 0 $ 0 - ----------------------------------------------------------------------------------------------------- 12. REAL PROPERTY $ 0 $ 0 $ 0 $ 0 - ----------------------------------------------------------------------------------------------------- 13. PERSONAL PROPERTY $ 0 $ 0 $ 0 $ 0 - ----------------------------------------------------------------------------------------------------- 14. OTHER (ATTACH LIST) $ 0 $ 0 $ 0 $ 0 - ----------------------------------------------------------------------------------------------------- 15. TOTAL STATE & LOCAL $ 0 $ 0 $ 0 $ 0 - ----------------------------------------------------------------------------------------------------- 16. TOTAL TAXES $ 0 $ 0 $ 0 $ 0 - -----------------------------------------------------------------------------------------------------
* The beginning tax liability should represent the liability from the prior month or, if this is the first operating report, the amount should be zero. ** Attach photocopies of IRS Form 6123 or your FTD coupon and payment receipt to verify payment or deposit.
Monthly Operating Report - ----------------------------------------------- CASE NAME: Flight One Logistics, Inc. ACCRUAL BASIS-5 - ----------------------------------------------- - ----------------------------------------------- CASE NUMBER: 400-42069-BJH 02/13/95, RWD, 2/96 - ----------------------------------------------- The debtor in possession must complete the reconciliation below for each bank account, including all general, payroll and tax accounts, as well as all savings and investment accounts, money market accounts, certificates of deposit, government obligations, etc. Accounts with restricted funds should be identified by placing an asterisk next to the account number. Attach additional sheets if necessary. MONTH: June 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: June 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: June 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, IncFinancial Printing FOOTNOTES SUPPLEMENT ----------------------------------------------------------------- ----------------------------------------------------------------- CASE NUMBER: 400-42069-BJH ACCRUAL BASIS ----------------------------------------------------------------- MONTH: June 2001 -------------------------------------- -------------------------------------------------------------------------------------------------------------------------- ACCRUAL BASIS FORM NUMBER LINE NUMBER FOOTNOTE / EXPLANATION -------------------------------------------------------------------------------------------------------------------------- 6 All Professional fees related to the Reorganization of the -------------------------------------------------------------------------------------------------------------------------- Company are disbursed out of Kitty Hawk, Inc. (Parent -------------------------------------------------------------------------------------------------------------------------- Company). Refer to Case # 400-42141 -------------------------------------------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------------------------------------------- General This is a non-operating Company. -------------------------------------------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------------------------------------------- 4 6 All assessments of uncollectible accounts receivable are done -------------------------------------------------------------------------------------------------------------------------- at Kitty Hawk, Inc. Refer to Case #400-42141. All reserves -------------------------------------------------------------------------------------------------------------------------- are recorded at Inc. and pushed down to Inc.'s subsidiaries -------------------------------------------------------------------------------------------------------------------------- as deemed necessary. -------------------------------------------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------------------------------------------- 3 28 All payments are made by Kitty Hawk, Inc. (Case #400-42141) -------------------------------------------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------------------------------------------- ====================================================================================================================================
CASE NAME: Flight One Logistics, Inc. CASE NUMBER: 400-42069-BJH Details of Other Items ACCRUAL BASIS-1 June 2001 8. OTHER (ATTACH LIST) $ 194 Reported -------------- Intercompany Receivables 194 Detail -------------- - Difference -----END PRIVACY-ENHANCED MESSAGE-----