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. ================================================================================