0000930661-01-502071.txt : 20011029 0000930661-01-502071.hdr.sgml : 20011029 ACCESSION NUMBER: 0000930661-01-502071 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 11 CONFORMED PERIOD OF REPORT: 20011023 ITEM INFORMATION: Other events ITEM INFORMATION: Financial statements and exhibits FILED AS OF DATE: 20011023 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: 1764373 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 FORM8-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): October 23, 2001 Kitty Hawk, Inc. (Exact name of registrant as specified in charter) Delaware 0-25202 75-2564006 (State or other jurisdiction of (Commission File Number) (IRS Employer Identification No.) incorporation)
1515 West 20/th/ 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 September 30, 2001 that the Company filed with the United States Bankruptcy Court for the Northern District of Texas, Fort Worth Division on October 19, 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 September 30, 2001 (1) 99.2 Monthly Operating Report for Kitty Hawk Aircargo, Inc. for the Period Ended September 30, 2001 (1) 99.3 Monthly Operating Report for Kitty Hawk Charters, Inc. for the Period Ended September 30, 2001 (1) 99.4 Monthly Operating Report for Kitty Hawk International, Inc. for the Period Ended September 30, 2001 (1) 99.5 Monthly Operating Report for Kitty Hawk Cargo, Inc. for the Period Ended September 30, 2001 (1) 99.6 Monthly Operating Report for O.K. Turbines, Inc. for the Period Ended September 30, 2001 (1) 99.7 Monthly Operating Report for Longhorn Solutions, Inc. for the Period Ended September 30, 2001 (1) 99.8 Monthly Operating Report for Aircraft Leasing, Inc. for the Period Ended September 30, 2001 (1) 99.9 Monthly Operating Report for American International Travel, Inc. for the Period Ended September 30, 2001 (1) 99.10 Monthly Operating Report for Flight One Logistics, Inc. for the Period Ended September 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: October 23, 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 September 30, 2001 99.2 Monthly Operating Report for Kitty Hawk Aircargo, Inc. for the Period Ended September 30, 2001 99.3 Monthly Operating Report for Kitty Hawk Charters Inc. for the Period Ended September 30, 2001 99.4 Monthly Operating Report for Kitty Hawk International Inc. for the Period Ended September 30, 2001 99.5 Monthly Operating Report for Kitty Hawk Cargo, Inc. for the Period Ended September 30, 2001 99.6 Monthly Operating Report for OK Turbines, Inc. for the Period Ended September 30, 2001 99.7 Monthly Operating Report for Longhorn Solutions, Inc. for the Period Ended September 30, 2001 99.8 Monthly Operating Report for Aircraft Leasing, Inc. for the Period Ended September 30, 2001 99.9 Monthly Operating Report for American International Travel, Inc. for the Period Ended September 30, 2001 99.10 Monthly Operating Report for Flight One Logistics, Inc. for the Period Ended September 30, 2001 EX-99.1 3 dex991.txt MONTHLY OPERATING REPORT KITTY HAWK, INC. Exhibit 99.1 -------------------------------------------------------------------------- Monthly Operating Report ------------------------------------ CASE NAME: Kitty Hawk, Inc. ACCRUAL BASIS ------------------------------------ ------------------------------------ CASE NUMBER: 400-42141-BJH 02/13/95, RWD, 2/96 ------------------------------------ ------------------------------------ JUDGE: Barbara J. Houser ------------------------------------ UNITED STATES BANKRUPTCY COURT NORTHERN DISTRICT OF TEXAS SIXTH DIVISION MONTHLY OPERATING REPORT MONTH ENDING: SEPTEMBER 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 10/19/2001 -------------------------------------------- ------------------------ PRINTED NAME OF RESPONSIBLE PARTY DATE PREPARER: /s/ Jessica L. Wilson Chief Accounting Officer -------------------------------------------- ------------------------ ORIGINAL SIGNATURE OF PREPARER TITLE Jessica L. Wilson 10/19/2001 -------------------------------------------- ------------------------ PRINTED NAME OF PREPARER DATE ---- ----------------------------------------------------------------------
-------------------------------------------------------------------------------- Monthly Operating Report --------------------------------------- CASE NAME: Kitty Hawk, Inc. ACCRUAL BASIS-1 --------------------------------------- --------------------------------------- CASE NUMBER: 400-42141-BJH 02/13/95, RWD, 2/96 ---------------------------------------
--------------------------------------- COMPARATIVE BALANCE SHEET --------------------------------------------------------------------------------------------------------------------------- SCHEDULE MONTH MONTH MONTH --------------------------------------------------------------- ASSETS AMOUNT July 2001 August 2001 September 2001 --------------------------------------------------------------------------------------------------------------------------- 1. UNRESTRICTED CASH $ 13,401,586 $ 38,432,411 $ 46,367,066 $ 50,715,032 --------------------------------------------------------------------------------------------------------------------------- 2. RESTRICTED CASH $ 0 $ 0 $ 0 --------------------------------------------------------------------------------------------------------------------------- 3. TOTAL CASH $ 13,401,586 $ 38,432,411 $ 46,367,066 $ 50,715,032 --------------------------------------------------------------------------------------------------------------------------- 4. ACCOUNTS RECEIVABLE (NET) ($12,021,507) ($14,518,205) ($14,392,930) --------------------------------------------------------------------------------------------------------------------------- 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 $ 533,556 $ 678,791 $ 598,418 --------------------------------------------------------------------------------------------------------------------------- 8. OTHER (ATTACH LIST) $422,186,692 $342,187,831 $336,963,075 $331,523,808 --------------------------------------------------------------------------------------------------------------------------- 9. TOTAL CURRENT ASSETS $435,603,278 $368,130,624 $368,489,060 $367,442,661 --------------------------------------------------------------------------------------------------------------------------- 10. PROPERTY, PLANT & EQUIPMENT $ 2,425,652 $ 6,101,169 $ 6,113,562 $ 7,347,396 --------------------------------------------------------------------------------------------------------------------------- 11. LESS: ACCUMULATED DEPRECIATION / DEPLETION $ 2,490,732 $ 2,569,952 $ 3,854,116 --------------------------------------------------------------------------------------------------------------------------- 12. NET PROPERTY, PLANT & EQUIPMENT $ 2,425,652 $ 3,610,437 $ 3,543,610 $ 3,493,280 --------------------------------------------------------------------------------------------------------------------------- 13. DUE FROM INSIDERS $ 62,465 $ 219,367 $ 219,367 $ 219,367 --------------------------------------------------------------------------------------------------------------------------- 14. OTHER ASSETS - NET OF AMORTIZATION (ATTACH LIST) $ 10,967,208 $ 9,367,415 $ 9,296,814 $ 9,226,213 --------------------------------------------------------------------------------------------------------------------------- 15. OTHER (ATTACH LIST) $138,370,015 $138,370,015 $138,370,015 $138,370,015 --------------------------------------------------------------------------------------------------------------------------- 16. TOTAL ASSETS $587,428,618 $519,697,858 $519,918,866 $518,751,536 --------------------------------------------------------------------------------------------------------------------------- POSTPETITION LIABILITIES --------------------------------------------------------------------------------------------------------------------------- 17. ACCOUNTS PAYABLE $ 623,660 $ 829,360 $ 1,020,457 --------------------------------------------------------------------------------------------------------------------------- 18. TAXES PAYABLE $ 0 $ 0 $ 0 --------------------------------------------------------------------------------------------------------------------------- 19. NOTES PAYABLE $ 0 $ 0 $ 0 --------------------------------------------------------------------------------------------------------------------------- 20. PROFESSIONAL FEES $ 853,068 $ 2,917,027 $ 3,534,502 --------------------------------------------------------------------------------------------------------------------------- 21. SECURED DEBT $ 0 $ 0 $ 0 --------------------------------------------------------------------------------------------------------------------------- 22. OTHER (ATTACH LIST) $ 2,696,314 $ 1,568,050 $ 1,111,503 --------------------------------------------------------------------------------------------------------------------------- 23. TOTAL POSTPETITION LIABILITIES $ 4,173,042 $ 5,314,437 $ 5,666,462 --------------------------------------------------------------------------------------------------------------------------- PREPETITION LIABILITIES --------------------------------------------------------------------------------------------------------------------------- 24. SECURED DEBT $466,119,468 $385,985,126 $385,064,739 $383,545,384 --------------------------------------------------------------------------------------------------------------------------- 25. PRIORITY DEBT $ 29,661 $ 0 $ 0 $ 0 --------------------------------------------------------------------------------------------------------------------------- 26. UNSECURED DEBT $ 22,580,547 $ 2,232,210 $ 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 $417,066,849 $416,146,462 $414,627,107 --------------------------------------------------------------------------------------------------------------------------- 29. TOTAL LIABILITIES $488,729,676 $421,239,891 $421,460,899 $420,293,569 --------------------------------------------------------------------------------------------------------------------------- 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 $519,697,858 $519,918,866 $518,751,536 --------------------------------------------------------------------------------------------------------------------------- ---------------------------------------------------------------------------------------------------------------------------
================================================================================ 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 July 2001 August 2001 September 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 $ 74,167 $ 74,166 $ 74,116 $ 222,449 --------------------------------------------------------------------------------------------------------------------------------- 10. SELLING & MARKETING $ 0 $ 0 $ 0 $ 0 --------------------------------------------------------------------------------------------------------------------------------- 11. GENERAL & ADMINISTRATIVE ($2,849,783) ($2,593,967) ($1,727,919) ($7,171,669) --------------------------------------------------------------------------------------------------------------------------------- 12. RENT & LEASE $ 0 $ 0 $ 29,533 $ 29,533 --------------------------------------------------------------------------------------------------------------------------------- 13. OTHER (ATTACH LIST) $ 0 $ 0 $ 0 $ 0 --------------------------------------------------------------------------------------------------------------------------------- 14. TOTAL OPERATING EXPENSES ($2,775,616) ($2,519,801) ($1,624,270) ($6,919,687) --------------------------------------------------------------------------------------------------------------------------------- 15. INCOME BEFORE NON-OPERATING INCOME & EXPENSE $ 2,775,616 $ 2,519,801 $ 1,624,270 $ 6,919,687 --------------------------------------------------------------------------------------------------------------------------------- OTHER INCOME & EXPENSES --------------------------------------------------------------------------------------------------------------------------------- 16. NON-OPERATING INCOME (ATT. LIST) ($96,716) ($129,569) ($96,704) ($322,989) --------------------------------------------------------------------------------------------------------------------------------- 17. NON-OPERATING EXPENSE (ATT. LIST) $ 0 $ 0 $ 0 $ 0 --------------------------------------------------------------------------------------------------------------------------------- 18. INTEREST EXPENSE $ 582,571 $ 616,610 $ 497,233 $ 1,696,414 --------------------------------------------------------------------------------------------------------------------------------- 19. DEPRECIATION / DEPLETION $ 78,876 $ 79,222 $ 80,953 $ 239,051 --------------------------------------------------------------------------------------------------------------------------------- 20. AMORTIZATION $ 76,984 $ 76,984 $ 76,984 $ 230,952 --------------------------------------------------------------------------------------------------------------------------------- 21. OTHER (ATTACH LIST) $ 0 $ 0 $ 0 $ 0 --------------------------------------------------------------------------------------------------------------------------------- 22. NET OTHER INCOME & EXPENSES $ 641,715 $ 643,247 $ 558,466 $ 1,843,428 --------------------------------------------------------------------------------------------------------------------------------- REORGANIZATION EXPENSES --------------------------------------------------------------------------------------------------------------------------------- 23. PROFESSIONAL FEES $ 2,133,901 $ 1,876,554 $ 1,055,804 $ 5,066,259 --------------------------------------------------------------------------------------------------------------------------------- 24. U.S. TRUSTEE FEES $ 0 $ 0 $ 10,000 $ 10,000 --------------------------------------------------------------------------------------------------------------------------------- 25. OTHER (ATTACH LIST) $ 0 $ 0 $ 0 $ 0 --------------------------------------------------------------------------------------------------------------------------------- 26. TOTAL REORGANIZATION EXPENSES $ 2,133,901 $ 1,876,554 $ 1,065,804 $ 5,076,259 --------------------------------------------------------------------------------------------------------------------------------- 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 --------------------------------
-------------------------------------------------------------------------------------------------------------------------------- CASH RECEIPTS AND MONTH MONTH MONTH QUARTER ------------------------------------------------------------ DISBURSEMENTS July 2001 August 2001 September 2001 TOTAL -------------------------------------------------------------------------------------------------------------------------------- 1. CASH - BEGINNING OF MONTH $38,294,348 $38,432,411 $46,367,066 $ 38,294,348 -------------------------------------------------------------------------------------------------------------------------------- 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) $25,606,100 $30,079,156 $20,409,015 $ 76,094,271 -------------------------------------------------------------------------------------------------------------------------------- 9. TOTAL NON-OPERATING RECEIPTS $25,606,100 $30,079,156 $20,409,015 $ 76,094,271 -------------------------------------------------------------------------------------------------------------------------------- 10. TOTAL RECEIPTS $25,606,100 $30,079,156 $20,409,015 $ 76,094,271 -------------------------------------------------------------------------------------------------------------------------------- 11. TOTAL CASH AVAILABLE $63,900,448 $68,511,567 $66,776,081 $114,388,619 -------------------------------------------------------------------------------------------------------------------------------- OPERATING DISBURSEMENTS -------------------------------------------------------------------------------------------------------------------------------- 12. NET PAYROLL $ 2,964,538 $ 3,475,980 $ 2,317,764 $ 8,758,282 -------------------------------------------------------------------------------------------------------------------------------- 13. PAYROLL TAXES PAID $ 1,186,216 $ 1,424,708 $ 956,239 $ 3,567,163 -------------------------------------------------------------------------------------------------------------------------------- 14. SALES, USE & OTHER TAXES PAID $ 48,776 $ 0 $ 13,505 $ 62,281 -------------------------------------------------------------------------------------------------------------------------------- 15. SECURED / RENTAL / LEASES $ 3,230,967 $ 2,716,524 $ 4,268,611 $ 10,216,102 -------------------------------------------------------------------------------------------------------------------------------- 16. UTILITIES $ 55,465 $ 60,940 $ 61,719 $ 178,124 -------------------------------------------------------------------------------------------------------------------------------- 17. INSURANCE $ 356,098 $ 783,601 $ 677,414 $ 1,817,113 -------------------------------------------------------------------------------------------------------------------------------- 18. INVENTORY PURCHASES $ 0 $ 0 $ 0 -------------------------------------------------------------------------------------------------------------------------------- 19. VEHICLE EXPENSES $ 0 $ 0 $ 0 $ 0 -------------------------------------------------------------------------------------------------------------------------------- 20. TRAVEL $ 864,335 $ 759,265 $ 612,554 $ 2,236,154 -------------------------------------------------------------------------------------------------------------------------------- 21. ENTERTAINMENT $ 0 $ 0 $ 0 $ 0 -------------------------------------------------------------------------------------------------------------------------------- 22. REPAIRS & MAINTENANCE $ 1,786,912 $ 1,942,885 $ 804,797 $ 4,534,594 -------------------------------------------------------------------------------------------------------------------------------- 23. SUPPLIES $ 0 $ 0 $ 0 $ 0 -------------------------------------------------------------------------------------------------------------------------------- 24. ADVERTISING $ 170 $ 7,560 $ 0 $ 7,730 -------------------------------------------------------------------------------------------------------------------------------- 25. OTHER (ATTACH LIST) $13,450,347 $10,396,214 $ 6,066,072 $ 29,912,633 -------------------------------------------------------------------------------------------------------------------------------- 26. TOTAL OPERATING DISBURSEMENTS $23,943,824 $21,567,677 $15,778,675 $ 61,290,176 -------------------------------------------------------------------------------------------------------------------------------- REORGANIZATION EXPENSES -------------------------------------------------------------------------------------------------------------------------------- 27. PROFESSIONAL FEES $ 1,507,463 $ 576,824 $ 282,374 $ 2,366,661 -------------------------------------------------------------------------------------------------------------------------------- 28. U.S. TRUSTEE FEES $ 16,750 $ 0 $ 0 $ 16,750 -------------------------------------------------------------------------------------------------------------------------------- 29. OTHER (ATTACH LIST) $ 0 $ 0 $ 0 $ 0 -------------------------------------------------------------------------------------------------------------------------------- 30. TOTAL REORGANIZATION EXPENSES $ 1,524,213 $ 576,824 $ 282,374 $ 2,383,411 -------------------------------------------------------------------------------------------------------------------------------- 31. TOTAL DISBURSEMENTS $25,468,037 $22,144,501 $16,061,049 $ 63,673,587 -------------------------------------------------------------------------------------------------------------------------------- 32. NET CASH FLOW $ 138,063 $ 7,934,655 $ 4,347,966 $ 12,420,684 -------------------------------------------------------------------------------------------------------------------------------- 33. CASH - END OF MONTH $38,432,411 $46,367,066 $50,715,032 $ 50,715,032 --------------------------------------------------------------------------------------------------------------------------------
================================================================================ -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- 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 July 2001 August 2001 September 2001 --------------------------------------------------------------------------------------------------------------------------------- 1. 0-30 $ 0 $ 0 $ 0 --------------------------------------------------------------------------------------------------------------------------------- 2. 31-60 $ 0 $ 0 $ 0 --------------------------------------------------------------------------------------------------------------------------------- 3. 61-90 $ 0 $ 0 $ 0 --------------------------------------------------------------------------------------------------------------------------------- 4. 91+ $ 63,871 $ 63,261 $ 63,261 --------------------------------------------------------------------------------------------------------------------------------- 5. TOTAL ACCOUNTS RECEIVABLE $ 0 $ 63,871 $ 63,261 $ 63,261 --------------------------------------------------------------------------------------------------------------------------------- 6. AMOUNT CONSIDERED UNCOLLECTIBLE $12,085,378 $14,581,466 $14,456,191 --------------------------------------------------------------------------------------------------------------------------------- 7. ACCOUNTS RECEIVABLE (NET) $ 0 ($12,021,507) ($14,518,205) ($14,392,930) --------------------------------------------------------------------------------------------------------------------------------- ----------------------------------------------------------------------------- AGING OF POSTPETITION TAXES AND PAYABLES MONTH: September 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 $358,275 $48,507 $ 26,604 $ 587,071 $ 1,020,457 --------------------------------------------------------------------------------------------------------------------------------- ----------------------------------------------------------------------------- STATUS OF POSTPETITION TAXES MONTH: September 2001 ------------------------------------------- --------------------------------------------------------------------------------------------------------------------------------- BEGINNING AMOUNT ENDING TAX WITHHELD AND/ AMOUNT TAX FEDERAL LIABILITY* 0R ACCRUED PAID LIABILITY --------------------------------------------------------------------------------------------------------------------------------- 1. WITHHOLDING** $ 0 $ 82,926 $ 82,926 $ 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 $ 82,926 $ 82,926 $ 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 $ 82,926 $ 82,926 $ 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: September 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 $ 355,177 $300,000 $2,792,256 $3,574,877 ------------------------------------------------------------------------------------------------------------------------------- 2. ADD: TOTAL DEPOSITS NOT CREDITED $ 0 $ 0 $ 0 $ 0 ------------------------------------------------------------------------------------------------------------------------------- 3. SUBTRACT: OUTSTANDING CHECKS $1,241,259 $ 0 $ 0 $1,346,952 ------------------------------------------------------------------------------------------------------------------------------- 4. OTHER RECONCILING ITEMS ($3,034) $ 0 $ 0 ($3,034) ------------------------------------------------------------------------------------------------------------------------------- 5. MONTH END BALANCE PER BOOKS ($889,116) $300,000 $2,792,256 $2,203,140 ------------------------------------------------------------------------------------------------------------------------------- 6. NUMBER OF LAST CHECK WRITTEN No checks 37542 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 $ 605,114 ------------------------------------------------------------------------------------------------------------------------------- 8. Bank One 9/30/2001 Overnight Sweep $47,884,027 $47,884,027 ------------------------------------------------------------------------------------------------------------------------------- 9. N/A ------------------------------------------------------------------------------------------------------------------------------- 10. N/A ------------------------------------------------------------------------------------------------------------------------------- 11. TOTAL INVESTMENTS $48,484,027 $48,489,141 ------------------------------------------------------------------------------------------------------------------------------- ------------------------------------- CASH ------------------------------------------------------------------------------------------------------------------------------- 12. CURRENCY ON HAND $ 1,000 ------------------------------------------------------------------------------------------------------------------------------- ------------------------------------------------------------------------------------------------------------------------------- 13. TOTAL CASH - END OF MONTH $50,715,032 ------------------------------------------------------------------------------------------------------------------------------- ----------------------------------------------------------------------------------------------------------------------------------
-------------------------------------------------------------------------------- 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: September 2001 ----------------------------------------- ----------------------------------------------------------- BANK RECONCILIATIONS Account #4 Account #5 Account #6 ------------------------------------------------------------------------------------------------------------------------- A. BANK: Bank One Bank One Bank One ---------------------------------------------------------------------------------------------------- B. ACCOUNT NUMBER: 1570695922 00129949/931995845 1586268961 TOTAL ---------------------------------------------------------------------------------------------------- C. PURPOSE (TYPE): Payroll Health Insurance Flex Spending ------------------------------------------------------------------------------------------------------------------------- 1. BALANCE PER BANK STATEMENT $0 $105,693 $21,751 $127,444 ------------------------------------------------------------------------------------------------------------------------- 2. ADD: TOTAL DEPOSITS NOT CREDITED $0 $ 0 $ 0 $ 0 ------------------------------------------------------------------------------------------------------------------------- 3. SUBTRACT: OUTSTANDING CHECKS $0 $105,693 $ 0 $105,693 ------------------------------------------------------------------------------------------------------------------------- 4. OTHER RECONCILING ITEMS $0 $ 0 $ 0 $ 0 ------------------------------------------------------------------------------------------------------------------------- 5. MONTH END BALANCE PER BOOKS $0 $ 0 $21,751 $ 21,751 ------------------------------------------------------------------------------------------------------------------------- 6. NUMBER OF LAST CHECK WRITTEN 86235 153483 11094 ------------------------------------------------------------------------------------------------------------------------- ----------------------------------------- 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 $21,751 ------------------------------------------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------------------------------------------------
-------------------------------------------------------------------------------- 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: September 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: September 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 $ 129,582 ------------------------------------------------------------------- 2. Jim Craig Salary $16,667 $ 383,335 ------------------------------------------------------------------- 3. Janie Garrard Salary $ 0 $ 2,625 ------------------------------------------------------------------- 4. Drew Keith Salary $16,250 $ 380,212 ------------------------------------------------------------------- 5 Lena Baker Salary $ 0 $ 7,500 ------------------------------------------------------------------- 6 Jim Reeves Salary $33,333 $ 533,328 ------------------------------------------------------------------- 7 John Turnipseed Salary $ 0 $ 41,668 ------------------------------------------------------------------- 8 TOTAL PAYMENTS TO INSIDERS $74,166 $1,478,250 -------------------------------------------------------------------
--------------------------------------------------------------------------------------------------------------- PROFESSIONALS --------------------------------------------------------------------------------------------------------------- DATE OF COURT TOTAL ORDER AUTHORIZING AMOUNT AMOUNT TOTAL PAID INCURRED NAME PAYMENT APPROVED PAID TO DATE & UNPAID * --------------------------------------------------------------------------------------------------------------- 1. Lain Faulkner $ 0 $ 941,175 $ 79,662 --------------------------------------------------------------------------------------------------------------- 2. Haynes and Boone $ 0 $ 3,187,218 $1,021,409 --------------------------------------------------------------------------------------------------------------- 3. The Seabury Group $175,000 $ 2,125,000 $ 0 --------------------------------------------------------------------------------------------------------------- 4. Forshey & Prostock $ 0 $ 365,670 $ 0 --------------------------------------------------------------------------------------------------------------- 5 Price Waterhouse Coopers $ 0 $ 386,015 $ 0 --------------------------------------------------------------------------------------------------------------- 6 Jay Alix and Associates $ 44,867 $ 874,360 $ 96,136 --------------------------------------------------------------------------------------------------------------- 7 Andrews & Kurth $ 0 $ 995,467 $ 0 --------------------------------------------------------------------------------------------------------------- 8 Jenkins & Gilchrist $ 0 $ 47,474 $ 0 --------------------------------------------------------------------------------------------------------------- 9 Ford and Harrison $ 223,529 $ 3,776 --------------------------------------------------------------------------------------------------------------- 10 Grant Thornton $ 28,406 $ 363,777 $ 14,499 --------------------------------------------------------------------------------------------------------------- 11 Verner Liipfert $ 672,751 $ 118,086 --------------------------------------------------------------------------------------------------------------- 12 The Ivy Group $ 0 $ 81,900 --------------------------------------------------------------------------------------------------------------- 13 Wells Fargo Bank - reimburse prof fees $ 0 $ 1,036,744 $2,200,934 --------------------------------------------------------------------------------------------------------------- 14 TOTAL PAYMENTS TO PROFESSIONALS $0 $248,273 $11,301,080 $3,534,502 ---------------------------------------------------------------------------------------------------------------
* 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: September 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 Insurance Aviation Agency 6/1/2001 - 5/31/2002 781,160 Quarterly ----------------------------------------------------------------------------------------------------------------------------- Workers Comp Aviation Agency 01/01/2001 - 12/31/2001 95,000 Monthly ----------------------------------------------------------------------------------------------------------------------------- Inland Marine/Property CGU 4/1/2001 - 3/31/2002 9,902 Monthly ----------------------------------------------------------------------------------------------------------------------------- Professional Liab Aviation Agency 6/1/2001 - 5/31/2002 25,291 Annual ----------------------------------------------------------------------------------------------------------------------------- 135 Aircraft Insurance Aviation Agency 10/1/2000 - 9/30/2001 100,266 Quarterly ----------------------------------------------------------------------------------------------------------------------------- Primary Auto Aviation Agency 4/1/2001 - 3/31/2002 10,827 Monthly ----------------------------------------------------------------------------------------------------------------------------- Excess Auto Aviation Agency 4/1/2001 - 3/31/2002 29,870 Annual ----------------------------------------------------------------------------------------------------------------------------- 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 Disabl UNUM 5/1/2001 - 4/30/2002 7,975 Monthly ----------------------------------------------------------------------------------------------------------------------------- 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 Benefit System 5/1/2001 - 4/30/2002 25,052 Monthly ----------------------------------------------------------------------------------------------------------------------------- Life/AD&D CIGNA 5/1/2001 - 4/30/2002 11,732 Monthly ----------------------------------------------------------------------------------------------------------------------------- EAP Behavioral Health Partners 5/1/2001 - 4/30/2002 2,941 Monthly ----------------------------------------------------------------------------------------------------------------------------- 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: September 2001 ------------------------- -------------------------------------------------------------------------------- ACCRUAL BASIS LINE FORM NUMBER NUMBER FOOTNOTE / EXPLANATION -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- 3 8 All cash received into the each subsidiary cash -------------------------------------------------------------------------------- account is swept each night to Kitty Hawk, Inc. -------------------------------------------------------------------------------- Master Account -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- 3 31 All disbursements (either by wire transfer or -------------------------------------------------------------------------------- check), including payroll, are disbursed out of -------------------------------------------------------------------------------- the Kitty Hawk, Inc. controlled disbursement -------------------------------------------------------------------------------- account. -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- 4 6 All assessments of uncollectible accounts -------------------------------------------------------------------------------- receivable are done at Kitty Hawk, Inc. All -------------------------------------------------------------------------------- reserves are recorded at Inc. and pushed down to -------------------------------------------------------------------------------- Inc.'s subsidiaries as deemed necessary. -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- 7 All insurance policies are carried in the name of -------------------------------------------------------------------------------- Kitty Hawk, Inc. and its subsidiaries. Therefore, -------------------------------------------------------------------------------- they are listed here accordingly. -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- CASE NAME: Kitty Hawk, Inc. CASE NUMBER: 400-42141 Details of Other Items ACCRUAL BASIS-1 September 2001 8. OTHER (ATTACH LIST) $ 331,523,808 Reported ------------------ Intercompany Receivables 329,447,402 Escrow TJR 400,000 A/R Other 323,665 A/R Employees (141) A/R 401(k) Loan (494) A/R Reconciling item (13,638) Deferred Taxes 776,266 Deposits - Other 174,749 Deposits - Retainers 415,999 ------------------ 331,523,808 Detail ------------------ - Difference 14. OTHER ASSETS - NET OF AMORTIZATION (ATTACH LIST) 9,226,213 Reported ------------------ Loan organizaiton costs 785,702 Bond offering costs 7,151,860 Goodwill - KH Cargo 1,288,651 ------------------ 9,226,213 Detail ------------------ - Difference 15. OTHER (ATTACH LIST) 138,370,015 ------------------ Investment in KH Aircargo 1,000 Investment in KH International 81,974,302 Investment in Longhorn 2,266,436 Investment in KH Cargo 54,128,277 ------------------ 138,370,015 Detail ------------------ - Difference 22. OTHER (ATTACH LIST) $ 1,111,503 Reported ------------------ Accrued expenses (188,628) Accrued interest 282,150 Accrued health savings 637,197 A/P Aging reconciling item (25,854) A/P clearing 71 Accrued 401(k) 6,567 Accrued Salaries/Wages 400,000 ------------------ 1,111,503 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) (96,704)Reported -------------------- Interest Income (96,483) Other Misc Income (221) -------------------- (96,704)Detail - Difference ACCRUAL BASIS-3 8. OTHER (ATTACH LIST) 20,409,015 Reported -------------------- Transfers from Charters 1,092,344 Transfers from Cargo 4,898,279 Transfers from Aircargo 7,790,920 Transfers from International 3,349,484 Cash deposits - non-lockbox 3,041,734 Interest income 95,936 Misc Deposits 141,696 NSF Checks (1,378) -------------------- 20,409,015 Detail -------------------- - Difference -------------------- 25. OTHER (ATTACH LIST) 6,066,072 Reported -------------------- Inc. 401(k) 238,118 Employee Expenses 11,933 Bank charges 6,071 Refunds/Claims 192,377 Interest expense 21 Fuel 2,338,704 Ground Handling 1,234,601 Shipping 19,525 Ondemand Charter costs 45,282 Contract Labor 254,130 Trucking 330,114 Customs/Parking/Landing 518,662 Containers 59,897 Security 54,474 Simulator/Communication/Other Training 303,045 Misc 18,567 Voided checks and corrections (21,179) Board of Direcetors expenses 337 Charts/Manuals 25,446 Shutdown costs 256,768 Taxes 89,246 Office 84,263 Subcharter Aircraft 5,670 -------------------- 6,066,072 Detail - Difference EX-99.2 4 dex992.txt MONTHLY OPERATING REPORT-KITTY HAWK AIRCARGO, INC. 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: SEPTEMBER 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 10/19/2001 -------------------------------------------- ----------------------------- PRINTED NAME OF RESPONSIBLE PARTY DATE PREPARER: /s/ Kevin K. Craig CONTROLLER, KITTY HAWK INC. -------------------------------------------- ----------------------------- ORIGINAL SIGNATURE OF PREPARER TITLE KEVIN K. CRAIG 10/19/2001 -------------------------------------------- ----------------------------- 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 JULY, 2001 AUGUST, 2001 SEPTEMBER, 2001 -------------------------------------------------------------------------------------------------------------------------- 1. UNRESTRICTED CASH $ 16,904 $ 20,702 $ 20,602 $ 18,835 -------------------------------------------------------------------------------------------------------------------------- 2. RESTRICTED CASH $ 0 $ 0 $ 0 $ 0 -------------------------------------------------------------------------------------------------------------------------- 3. TOTAL CASH $ 16,904 $ 20,702 $ 20,602 $ 18,835 -------------------------------------------------------------------------------------------------------------------------- 4. ACCOUNTS RECEIVABLE (NET) $ 29,303,045 $ 14,901,762 $ 10,385,103 $ 4,302,519 -------------------------------------------------------------------------------------------------------------------------- 5. INVENTORY $ 1,508,508 $ 2,038,849 $ 2,024,478 $ 1,496,174 -------------------------------------------------------------------------------------------------------------------------- 6. NOTES RECEIVABLE $ 0 $ 0 $ 0 $ 0 -------------------------------------------------------------------------------------------------------------------------- 7. PREPAID EXPENSES $ 2,294,717 $ 10,247,634 $ 6,617,091 $ 5,465,457 -------------------------------------------------------------------------------------------------------------------------- 8. OTHER (ATTACH LIST) $111,256,463 ($23,920,014) ($15,950,918) ($14,751,041) -------------------------------------------------------------------------------------------------------------------------- 9. TOTAL CURRENT ASSETS $144,379,636 $ 3,288,933 $ 3,096,356 ($3,468,056) -------------------------------------------------------------------------------------------------------------------------- 10. PROPERTY, PLANT & EQUIPMENT $166,772,560 $202,261,138 $135,178,815 $130,756,012 -------------------------------------------------------------------------------------------------------------------------- 11. LESS: ACCUMULATED DEPRECIATION / DEPLETION $ 0 $ 62,349,337 $ 64,206,818 $ 62,748,854 -------------------------------------------------------------------------------------------------------------------------- 12. NET PROPERTY, PLANT & EQUIPMENT $166,772,560 $139,911,801 $ 70,971,997 $ 68,007,158 -------------------------------------------------------------------------------------------------------------------------- 13. DUE FROM INSIDERS -------------------------------------------------------------------------------------------------------------------------- 14. OTHER ASSETS - NET OF AMORTIZATION (ATTACH LIST) $ 0 $ 2,320,685 $ 2,320,685 $ 2,020,505 -------------------------------------------------------------------------------------------------------------------------- 15. OTHER (ATTACH LIST) $ 0 -------------------------------------------------------------------------------------------------------------------------- 16. TOTAL ASSETS $311,152,196 $145,521,419 $ 76,389,038 $ 66,559,607 -------------------------------------------------------------------------------------------------------------------------- POSTPETITION LIABILITIES -------------------------------------------------------------------------------------------------------------------------- 17. ACCOUNTS PAYABLE $ 1,929,588 $ 1,056,048 $ 399,009 -------------------------------------------------------------------------------------------------------------------------- 18. TAXES PAYABLE $ 26,000 $ 28,000 $ 10,000 -------------------------------------------------------------------------------------------------------------------------- 19. NOTES PAYABLE $ 0 $ 0 $ 0 -------------------------------------------------------------------------------------------------------------------------- 20. PROFESSIONAL FEES $ 0 $ 0 $ 0 -------------------------------------------------------------------------------------------------------------------------- 21. SECURED DEBT $ 7,324,291 $ 7,178,460 $ 7,031,475 -------------------------------------------------------------------------------------------------------------------------- 22. OTHER (ATTACH LIST) $ 5,434,639 ($24,801,604) ($30,520,575) -------------------------------------------------------------------------------------------------------------------------- 23. TOTAL POSTPETITION LIABILITIES $ 14,714,518 ($16,539,096) ($23,080,091) -------------------------------------------------------------------------------------------------------------------------- PREPETITION LIABILITIES -------------------------------------------------------------------------------------------------------------------------- 24. SECURED DEBT $ 22,600,000 $ 22,600,000 $ 22,390,250 -------------------------------------------------------------------------------------------------------------------------- 25. PRIORITY DEBT $ 2,177,962 $ 0 $ 0 $ 0 -------------------------------------------------------------------------------------------------------------------------- 26. UNSECURED DEBT $184,252,878 $ 29,944,591 $ 29,944,591 $ 29,944,591 -------------------------------------------------------------------------------------------------------------------------- 27. OTHER (ATTACH LIST) $ 0 $ 19,797,395 $ 19,782,895 $ 21,068,395 -------------------------------------------------------------------------------------------------------------------------- 28. TOTAL PREPETITION LIABILITIES $186,430,840 $ 72,341,986 $ 72,327,486 $ 73,403,236 -------------------------------------------------------------------------------------------------------------------------- 29. TOTAL LIABILITIES $186,430,840 $ 87,056,504 $ 55,788,390 $ 50,323,145 -------------------------------------------------------------------------------------------------------------------------- EQUITY -------------------------------------------------------------------------------------------------------------------------- 30. PREPETITION OWNERS' EQUITY $ 69,645,449 $ 69,645,449 $ 69,645,449 -------------------------------------------------------------------------------------------------------------------------- 31. POSTPETITION CUMULATIVE PROFIT OR (LOSS) ($11,180,534) ($49,044,801) ($53,408,987) -------------------------------------------------------------------------------------------------------------------------- 32. DIRECT CHARGES TO EQUITY (ATTACH EXPLANATION) $ 0 $ 0 -------------------------------------------------------------------------------------------------------------------------- 33. TOTAL EQUITY $ 0 $ 58,464,915 $ 20,600,648 $ 16,236,462 -------------------------------------------------------------------------------------------------------------------------- 34. TOTAL LIABILITIES & OWNERS' EQUITY $186,430,840 $145,521,419 $ 76,389,038 $ 66,559,607 -------------------------------------------------------------------------------------------------------------------------- $ 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 JULY, 2001 AUGUST, 2001 SEPTEMBER, 2001 TOTAL -------------------------------------------------------------------------------------------------------------------------------- 1. GROSS REVENUES $ 9,698,214 $ 9,409,193 $2,068,654 $21,176,061 -------------------------------------------------------------------------------------------------------------------------------- 2. LESS: RETURNS & DISCOUNTS $ 0 $ 0 $ 0 $ 0 -------------------------------------------------------------------------------------------------------------------------------- 3. NET REVENUE $ 9,698,214 $ 9,409,193 $2,068,654 $21,176,061 -------------------------------------------------------------------------------------------------------------------------------- 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 $ 9,698,214 $ 9,409,193 $2,068,654 $21,176,061 -------------------------------------------------------------------------------------------------------------------------------- OPERATING EXPENSES -------------------------------------------------------------------------------------------------------------------------------- 9. OFFICER/INSIDER COMPENSATION $ 29,166 $ 29,166 $ 29,166 $ 87,498 -------------------------------------------------------------------------------------------------------------------------------- 10. SELLING & MARKETING $ 0 $ 0 $ 0 $ 0 -------------------------------------------------------------------------------------------------------------------------------- 11. GENERAL & ADMINISTRATIVE $ 911,920 $ 1,050,849 $ 545,891 $ 2,508,660 -------------------------------------------------------------------------------------------------------------------------------- 12. RENT & LEASE $ 2,054,140 $ 2,017,147 $2,144,425 $ 6,215,712 -------------------------------------------------------------------------------------------------------------------------------- 13. OTHER (ATTACH LIST) $10,267,185 $71,628,972 $5,915,885 $87,812,042 -------------------------------------------------------------------------------------------------------------------------------- 14. TOTAL OPERATING EXPENSES $13,262,411 $74,726,134 $8,635,367 $96,623,912 -------------------------------------------------------------------------------------------------------------------------------- 15. INCOME BEFORE NON-OPERATING INCOME & EXPENSE ($3,564,197) ($65,316,941) ($6,566,713) ($75,447,851) -------------------------------------------------------------------------------------------------------------------------------- OTHER INCOME & EXPENSES -------------------------------------------------------------------------------------------------------------------------------- 16. NON-OPERATING INCOME (ATT. LIST) ($1,557) ($4,424) ($155) ($6,136) -------------------------------------------------------------------------------------------------------------------------------- 17. NON-OPERATING EXPENSE (ATT. LIST) $ 0 $ 0 $ 0 $ 0 -------------------------------------------------------------------------------------------------------------------------------- 18. INTEREST EXPENSE $ 246,770 $ 236,105 $ 122,993 $ 605,868 -------------------------------------------------------------------------------------------------------------------------------- 19. DEPRECIATION/DEPLETION $ 95,045 $ 95,966 $ 88,826 $ 279,837 -------------------------------------------------------------------------------------------------------------------------------- 20. AMORTIZATION $ 0 $ 0 $ 0 $ 0 -------------------------------------------------------------------------------------------------------------------------------- 21. OTHER (ATTACH LIST) ($3,269,653) ($2,537,475) $ 495,013 ($5,312,115) -------------------------------------------------------------------------------------------------------------------------------- 22. NET OTHER INCOME & EXPENSES ($2,929,395) ($2,209,828) $ 706,677 ($4,432,546) -------------------------------------------------------------------------------------------------------------------------------- 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 ($253,921) ($25,242,846) ($2,909,456) ($28,406,223) -------------------------------------------------------------------------------------------------------------------------------- 28. NET PROFIT (LOSS) ($380,881) ($37,864,267) ($4,364,184) ($42,609,332) -------------------------------------------------------------------------------------------------------------------------------- $ 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 JULY, 2001 AUGUST, 2001 SEPTEMBER, 2001 TOTAL --------------------------------------------------------------------------------------------------------------------------------- 1. CASH - BEGINNING OF MONTH $ 20,721 $ 20,702 $ 20,602 $ 20,721 --------------------------------------------------------------------------------------------------------------------------------- RECEIPTS FROM OPERATIONS --------------------------------------------------------------------------------------------------------------------------------- 2. CASH SALES $ 0 $ 0 $ 0 $ 0 --------------------------------------------------------------------------------------------------------------------------------- COLLECTION OF ACCOUNTS RECEIVABLE --------------------------------------------------------------------------------------------------------------------------------- 3. PREPETITION $ 0 $ 0 $ 0 $ 0 --------------------------------------------------------------------------------------------------------------------------------- 4. TOTAL CASH $10,804,697 $15,897,736 $7,792,017 $34,494,450 --------------------------------------------------------------------------------------------------------------------------------- 5. TOTAL OPERATING RECEIPTS $10,804,697 $15,897,736 $7,792,017 $34,494,450 --------------------------------------------------------------------------------------------------------------------------------- NON - OPERATING RECEIPTS --------------------------------------------------------------------------------------------------------------------------------- 6. LOANS & ADVANCES (ATTACH LIST) $ 0 $ 0 $ 0 $ 0 --------------------------------------------------------------------------------------------------------------------------------- 7. SALE OF ASSETS $ 0 $ 0 $ 0 $ 0 --------------------------------------------------------------------------------------------------------------------------------- 8. OTHER (ATTACH LIST) ($10,804,716) ($15,897,836) ($7,793,784) ($34,496,336) --------------------------------------------------------------------------------------------------------------------------------- 9. TOTAL NON-OPERATING RECEIPTS ($10,804,716) ($15,897,836) ($7,793,784) ($34,496,336) --------------------------------------------------------------------------------------------------------------------------------- 10. TOTAL RECEIPTS ($19) ($100) ($1,767) ($1,886) --------------------------------------------------------------------------------------------------------------------------------- 11. TOTAL CASH AVAILABLE $ 20,702 $ 20,602 $ 18,835 $ 18,835 --------------------------------------------------------------------------------------------------------------------------------- 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 ($19) ($100) ($1,767) ($1,886) --------------------------------------------------------------------------------------------------------------------------------- 33. CASH - END OF MONTH $ 20,702 $ 20,602 $ 18,835 $ 18,835 --------------------------------------------------------------------------------------------------------------------------------- ==================================================================================================================================== ------------------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------- 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 JULY, 2001 AUGUST, 2001 SEPTEMBER, 2001 ---------------------------------------------------------------------------------------------------------------------------- 1. 0-30 $27,808,237 $12,039,698 $10,275,075 $4,192,838 ---------------------------------------------------------------------------------------------------------------------------- 2. 31-60 $ 648,873 ($67,909) ($18,798) $ 4,093 ---------------------------------------------------------------------------------------------------------------------------- 3. 61-90 $ 923,454 ($49,158) ($61,934) ($13,023) ---------------------------------------------------------------------------------------------------------------------------- 4. 91+ ($77,519) $ 2,538,179 $ 1,484,453 $1,410,287 ---------------------------------------------------------------------------------------------------------------------------- 5. TOTAL ACCOUNTS RECEIVABLE $29,303,045 $14,460,810 $11,678,796 $5,594,195 ---------------------------------------------------------------------------------------------------------------------------- 6. TOTAL CASH ---------------------------------------------------------------------------------------------------------------------------- 7. ACCOUNTS RECEIVABLE (NET) $29,303,045 $14,460,810 $11,678,796 $5,594,195 ============================================================================================================================ ------------------------------------------ AGING OF POSTPETITION TAXES AND PAYABLES MONTH: SEPTEMBER, 2001 ---------------------------- ---------------------------------------------------------------------------------------------------------------------------- 0-30 31-60 61-90 91+ TAXES PAYABLE DAYS DAYS DAYS DAYS TOTAL ---------------------------------------------------------------------------------------------------------------------------- 1. FEDERAL $ 0 $ 0 $ 0 $ 0 $ 0 ---------------------------------------------------------------------------------------------------------------------------- 2. STATE $ 10,000 $ 0 $ 0 $ 0 $ 10,000 ---------------------------------------------------------------------------------------------------------------------------- 3. LOCAL $ 0 $ 0 $ 0 $ 0 ---------------------------------------------------------------------------------------------------------------------------- 4. OTHER (ATTACH LIST) $ 0 $ 0 $ 0 $ 0 ---------------------------------------------------------------------------------------------------------------------------- 5. TOTAL TAXES PAYABLE $ 10,000 $ 0 $ 0 $ 0 $ 10,000 ---------------------------------------------------------------------------------------------------------------------------- ---------------------------------------------------------------------------------------------------------------------------- 6. ACCOUNTS PAYABLE $221,312 $57,794 ($16,869) $136,772 $399,009 ============================================================================================================================ $ 0 ------------------------------- STATUS OF POSTPETITION TAXES MONTH: SEPTEMBER, 2001 ---------------------------- ------------------------------- ---------------------------------------------------------------------------------------------------------------------------- BEGINNING AMOUNT ENDING TAX WITHHELD AND/ AMOUNT TAX FEDERAL LIABILITY* 0R ACCRUED PAID LIABILITY ---------------------------------------------------------------------------------------------------------------------------- 1. WITHHOLDING** $ 0 $759,754 $759,754 $ 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 $759,754 $759,754 $ 0 ---------------------------------------------------------------------------------------------------------------------------- STATE AND LOCAL ---------------------------------------------------------------------------------------------------------------------------- 8. WITHHOLDING $ 0 $ 0 ---------------------------------------------------------------------------------------------------------------------------- 9. SALES $ 0 $ 0 ---------------------------------------------------------------------------------------------------------------------------- 10. EXCISE $28,000 $ 10,000 $ 28,000 $10,000 ---------------------------------------------------------------------------------------------------------------------------- 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 $28,000 $ 10,000 $ 28,000 $10,000 ---------------------------------------------------------------------------------------------------------------------------- 16. TOTAL TAXES $28,000 $769,754 $787,754 $10,000 ----------------------------------------------------------------------------------------------------------------------------
* The beginning tax liability should represent the liability from the prior month or, if this is the first operating report, the amount should be zero. ** Attach photocopies of IRS Form 6123 or your FTD coupon and payment receipt to verify payment or deposit. ------------------------------------------------------------------------------- --------------------------------------------------------------------------- Monthly Operating Report ------------------------------------------------ CASE NAME: KITTY HAWK AIRCARGO, INC. ACCRUAL BASIS-5 ------------------------------------------------ ------------------------------------------------ CASE NUMBER: 400-42142-BJH-11 02/13/95, RWD, 2/96 ------------------------------------------------ The debtor in possession must complete the reconciliation below for each bank account, including all general, payroll and tax accounts, as well as all savings and investment accounts, money market accounts, certificates of deposit, government obligations, etc. Accounts with restricted funds should be identified by placing an asterisk next to the account number. Attach additional sheets if necessary.
MONTH: SEPTEMBER, 2001 TOTAL CASH ------------------------------------------------- ----------------------------------------- BANK RECONCILIATIONS Account #1 Account #2 Account #3 -------------------------------------------------------------------------------------------------------------------------------- A. BANK: Bank One -------------------------------------------------------------------------------------------------------------------------------- B. ACCOUNT NUMBER: 100130152 TOTAL -------------------------------------------------------------------------------------------------------------------------------- C. PURPOSE (TYPE): Operating Account -------------------------------------------------------------------------------------------------------------------------------- 1. BALANCE PER BANK STATEMENT $0 $ 0 -------------------------------------------------------------------------------------------------------------------------------- 2. ADD: TOTAL DEPOSITS NOT CREDITED $0 $ 0 -------------------------------------------------------------------------------------------------------------------------------- 3. SUBTRACT: OUTSTANDING CHECKS $0 $ 0 -------------------------------------------------------------------------------------------------------------------------------- 4. OTHER RECONCILING ITEMS $0 $ 0 -------------------------------------------------------------------------------------------------------------------------------- 5. MONTH END BALANCE PER BOOKS $0 $0 $0 $ 0 -------------------------------------------------------------------------------------------------------------------------------- 6. NUMBER OF LAST CHECK WRITTEN -------------------------------------------------------------------------------------------------------------------------------- ----------------------------------------- INVESTMENT ACCOUNTS -------------------------------------------------------------------------------------------------------------------------------- DATE OF TYPE OF PURCHASE CURRENT BANK, ACCOUNT NAME & NUMBER PURCHASE INSTRUMENT PRICE VALUE -------------------------------------------------------------------------------------------------------------------------------- 7. -------------------------------------------------------------------------------------------------------------------------------- 8. -------------------------------------------------------------------------------------------------------------------------------- 9. -------------------------------------------------------------------------------------------------------------------------------- 10. -------------------------------------------------------------------------------------------------------------------------------- 11. TOTAL INVESTMENTS $0 $ 0 -------------------------------------------------------------------------------------------------------------------------------- ----------------------------------------- CASH -------------------------------------------------------------------------------------------------------------------------------- 12. CURRENCY ON HAND $18,835 -------------------------------------------------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------------------------------------------------- 13. TOTAL CASH - END OF MONTH $18,835 -------------------------------------------------------------------------------------------------------------------------------- -----------------------------------------------------------------------------------------------------------------------------------
-------------------------------------------------------------------------------- Monthly Operating Report -------------------------------------------- CASE NAME: KITTY HAWK AIRCARGO, INC. ACCRUAL BASIS-6 -------------------------------------------- -------------------------------------------- CASE NUMBER: 400-42142-BJH-11 02/13/95, RWD, 2/96 -------------------------------------------- MONTH: SEPTEMBER, 2001 -------------------------------------------- PAYMENTS TO INSIDERS AND PROFESSIONALS -------------------------------------------- OF THE TOTAL DISBURSEMENTS SHOWN FOR THE MONTH, LIST THE AMOUNT PAID TO INSIDERS (AS DEFINED IN SECTION 101 (31) (A)-(F) OF THE U.S. BANKRUPTCY CODE) AND TO PROFESSIONALS. ALSO, FOR PAYMENTS TO INSIDERS, IDENTIFY THE TYPE OF COMPENSATION PAID (e.g. SALARY, BONUS, COMMISSIONS, INSURANCE, HOUSING ALLOWANCE, TRAVEL, CAR ALLOWANCE, ETC.). ATTACH ADDITIONAL SHEETS IF NECESSARY. ---------------------------------------------------------------- INSIDERS ---------------------------------------------------------------- TYPE OF AMOUNT TOTAL PAID NAME PAYMENT PAID TO DATE ---------------------------------------------------------------- 1. Clark Stevens Salary $15,833 $360,416 ---------------------------------------------------------------- 2. Donny Scott Salary $13,333 $291,666 ---------------------------------------------------------------- 3. Susan Hawley Salary $ 0 $ 41,667 ---------------------------------------------------------------- 4. ---------------------------------------------------------------- 5. ---------------------------------------------------------------- 6. TOTAL PAYMENTS TO INSIDERS $29,166 $693,749 ----------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------- 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. CORPORATE TRUST/TRANSAMERICA $ 206,590 $ 413,180 $0 --------------------------------------------------------------------------------------------- 3. PROVIDENT $ 125,000 $ 125,000 $0 --------------------------------------------------------------------------------------------- 4. COAST BUSINESS $ 262,000 $ 262,000 $0 --------------------------------------------------------------------------------------------- 5. WELLS FARGO $ 209,750 $ 209,750 $0 --------------------------------------------------------------------------------------------- 6. TOTAL $1,206,340 $1,412,930 $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: SEPTEMBER, 2001 -------------------
---------------------- QUESTIONNAIRE --------------------------------------------------------------------------------------------------------------------- YES NO --------------------------------------------------------------------------------------------------------------------- 1. HAVE ANY ASSETS BEEN SOLD OR TRANSFERRED OUTSIDE X THE NORMAL COURSE OF BUSINESS THIS REPORTING PERIOD? --------------------------------------------------------------------------------------------------------------------- 2. HAVE ANY FUNDS BEEN DISBURSED FROM ANY ACCOUNT X OTHER THAN A DEBTOR IN POSSESSION ACCOUNT? --------------------------------------------------------------------------------------------------------------------- 3. TOTAL CASH X LOANS) DUE FROM RELATED PARTIES? --------------------------------------------------------------------------------------------------------------------- 4. HAVE ANY PAYMENTS BEEN MADE ON PREPETITION LIABILITIES X THIS REPORTING PERIOD? --------------------------------------------------------------------------------------------------------------------- 5. HAVE ANY POSTPETITION LOANS BEEN RECEIVED BY THE X DEBTOR FROM ANY PARTY? --------------------------------------------------------------------------------------------------------------------- 6. ARE ANY POSTPETITION PAYROLL TAXES PAST DUE? X --------------------------------------------------------------------------------------------------------------------- 7. ARE ANY POSTPETITION STATE OR FEDERAL INCOME TAXES X PAST DUE? --------------------------------------------------------------------------------------------------------------------- 8. ARE ANY POSTPETITION REAL ESTATE TAXES PAST DUE? X --------------------------------------------------------------------------------------------------------------------- 9. ARE ANY OTHER POSTPETITION TAXES PAST DUE? X --------------------------------------------------------------------------------------------------------------------- 10. ARE ANY AMOUNTS OWED TO POSTPETITION CREDITORS X DELINQUENT? --------------------------------------------------------------------------------------------------------------------- 11. HAVE ANY PREPETITION TAXES BEEN PAID DURING THE X REPORTING PERIOD? --------------------------------------------------------------------------------------------------------------------- 12. ARE ANY WAGE PAYMENTS PAST DUE? X ---------------------------------------------------------------------------------------------------------------------
IF THE ANSWER TO ANY OF THE ABOVE QUESTIONS IS "YES," PROVIDE A DETAILED EXPLANATION OF EACH ITEM. ATTACH ADDITIONAL SHEETS IF NECESSARY. a) 1: $5,169,786 Loss on Release of Aircraft N750US & N751US back to Lessor, including Deposit, Asset Values, & Mtx Reserves ------------------------------------------------------------------------ b) 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. FOOTNOTES SUPPLEMENT ----------------------------------------------- ----------------------------------------------- CASE NUMBER: 400-42142-BJH-11 ACCRUAL BASIS ----------------------------------------------- MONTH: SEPTEMBER, 2001 -----------------------------
---------------------------------------------------------------------------------------------------------------------- ACCRUAL BASIS LINE FORM NUMBER NUMBER FOOTNOTE / EXPLANATION ---------------------------------------------------------------------------------------------------------------------- ---------------------------------------------------------------------------------------------------------------------- ---------------------------------------------------------------------------------------------------------------------- 2 13 SFAS 121 Writedown of $61,041,310 of Assets, due to USPS W-Net cancel 8/01 ---------------------------------------------------------------------------------------------------------------------- SFAS 121 Writedown Adjustment of $257,832 in 9/01 ---------------------------------------------------------------------------------------------------------------------- ---------------------------------------------------------------------------------------------------------------------- 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. ---------------------------------------------------------------------------------------------------------------------- TransAmerica a/c to be returned ---------------------------------------------------------------------------------------------------------------------- ---------------------------------------------------------------------------------------------------------------------- 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. ----------------------------------------------------------------------------------------------------------------------
CASE NAME: KITTY HAWK AIRCARGO, INC. CASE NUMBER: 400-42142-BJH-11 Details of Other Items SEPTEMBER, 2001 ACCRUAL BASIS-1 8. OTHER (ATTACH LIST) $ (14,751,041)Reported ---------------- Intercompany Receivables (22,270,639) Deposits - State Street Bank (TA Air) 0 Deposits - Landing & Parking 54,000 Deposits - Ventura Aerospace 65,125 Deposits - Rent 113,643 Deposits - Misc 642,125 A/C Held for Resale 6,551,972 Intangible - Mather 92,733 ---------------- TOTAL CASH (14,751,041)Detail ---------------- - Difference 14. OTHER (ATTACH LIST) $ 2,020,505 Reported ---------------- Deposits - Aircraft Leases 2,020,505 Intangible - ATAZ STC 0 ---------------- 2,020,505 Detail ---------------- - Difference 22. OTHER (ATTACH LIST) $ (30,520,575)Reported ---------------- Accrued A/P 2,507,504 Deposit held for ATAZ sale 0 Accrued Salaries & Wages 969,775 Accrued 401K & Misc PR Deductions 106,151 Accrued PR Taxes (FICA) 71,286 Accrued Fuel Exp 2,053,333 Accrued Interest 508,046 Accrued Maintenance Reserves (1,129,114) Accrued Fed Income Tax (Post) (35,607,556) ---------------- (30,520,575)Detail ---------------- - Difference 27. OTHER (ATTACH LIST) $ 21,068,395 Reported ---------------- Accrued A/P 6,532,302 Accrued Maintenance Reserves 10,267,512 Accrued Fed Income Tax (Pre) 3,332,363 Accrued Taxes - Other 446 FINOVA Equip Accrued 307,272 Pegasus Lease Incentive 628,500 ---------------- 21,068,395 Detail ---------------- - Difference CASE NAME: KITTY HAWK AIRCARGO, INC. CASE NUMBER: 400-42142-BJH-11 Details of Other Items SEPTEMBER, 2001 ACCRUAL BASIS-2 13. OTHER (ATTACH LIST) $ 5,915,885 Reported --------------- Aircraft Expense 1,497,485 Maintenance 1,334,431 Fuel 79,291 Ops Wages 2,040,205 Ops Wages-Grnd 112,691 Ground Handling 5,844 Other Operating Exp 588,106 SFAS 121 Write-down of Assets, W-Net Cancel 257,832 --------------- 5,915,885 Detail --------------- - Difference 16 NON OPERATING INCOME (ATT. LIST) ($155) Reported --------------- Non-Op Income (155) Detail --------------- - Difference 17 NON OPERATING EXPENSE (ATT. LIST) $ 0 Reported --------------- Non-Op Expense - Detail --------------- - Difference 21 OTHER (ATTACH LIST) $ 495,013 Reported --------------- (Gain)/Loss on Sale of Assets 5,168,403 Credit for Allocation of A/C Costs to KH I/C (4,673,390) --------------- 495,013 Detail --------------- - Difference ACCRUAL BASIS-3 8. OTHER (ATTACH LIST) (7,793,784) Reported --------------- Transfer to Inc - all money sweeps (7,793,784) Detail --------------- to KH Inc. Case #400-42141 - Difference --------------- EX-99.3 5 dex993.txt MONTHLY OPERATING REPORT - KITTY HAWK CHARTERS Exhibit 99.3 ----------------------------------------------------------------------------- Monthly Operating Report ----------------------------------------- CASE NAME: Kitty Hawk Charters, Inc. ACCRUAL BASIS ----------------------------------------- ----------------------------------------- CASE NUMBER: 400-42143-BJH 02/13/95, RWD, 2/96 ----------------------------------------- ----------------------------------------- JUDGE: Barbara J. Houser ----------------------------------------- UNITED STATES BANKRUPTCY COURT NORTHERN DISTRICT OF TEXAS SIXTH DIVISION MONTHLY OPERATING REPORT MONTH ENDING: SEPTEMBER 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 10/19/2001 ---------------------------------------- ----------------------------- PRINTED NAME OF RESPONSIBLE PARTY DATE PREPARER: /s/ Jessica L. Wilson Chief Accounting Officer ---------------------------------------- ----------------------------- ORIGINAL SIGNATURE OF PREPARER TITLE Jessica L. Wilson 10/19/2001 ---------------------------------------- ----------------------------- PRINTED NAME OF PREPARER DATE ----------------------------------------------------------------------------- -------------------------------------------------------------------------------- Monthly Operating Report --------------------------------------------- CASE NAME: Kitty Hawk Charters, Inc. ACCRUAL BASIS-1 --------------------------------------------- --------------------------------------------- CASE NUMBER: 400-42143-BJH 02/13/95, RWD, 2/96 ---------------------------------------------
--------------------------------------------- COMPARATIVE BALANCE SHEET ---------------------------------------------------------------------------------------------------------------- SCHEDULE MONTH MONTH MONTH --------------------------------------------------------- ASSETS AMOUNT July 2001 August 2001 September 2001 ---------------------------------------------------------------------------------------------------------------- 1. UNRESTRICTED CASH $ 15,476 $ 48,442 $ 37,064 $ 80,859 ---------------------------------------------------------------------------------------------------------------- 2. RESTRICTED CASH $ 0 $ 0 ---------------------------------------------------------------------------------------------------------------- 3. TOTAL CASH $ 15,476 $ 48,442 $ 37,064 $ 80,859 ---------------------------------------------------------------------------------------------------------------- 4. ACCOUNTS RECEIVABLE (NET) $13,356,789 $ 2,863,311 $ 2,723,013 $ 2,515,200 ---------------------------------------------------------------------------------------------------------------- 5. INVENTORY $ 4,485,303 $ 4,427,708 $ 4,394,127 ---------------------------------------------------------------------------------------------------------------- 6. NOTES RECEIVABLE $ 0 $ 0 $ 0 ---------------------------------------------------------------------------------------------------------------- 7. PREPAID EXPENSES $ 123,241 $ 103,362 $ 74,017 ---------------------------------------------------------------------------------------------------------------- 8. OTHER (ATTACH LIST) $37,290,970 $50,368,094 $53,614,761 $53,904,684 ---------------------------------------------------------------------------------------------------------------- 9. TOTAL CURRENT ASSETS $50,663,235 $57,888,391 $60,905,908 $60,968,887 ---------------------------------------------------------------------------------------------------------------- 10. PROPERTY, PLANT & EQUIPMENT $17,083,867 $16,872,862 $13,409,703 $12,138,490 ---------------------------------------------------------------------------------------------------------------- 11. LESS: ACCUMULATED DEPRECIATION/DEPLETION $ 8,342,086 $ 6,806,441 $ 5,690,669 ---------------------------------------------------------------------------------------------------------------- 12. NET PROPERTY, PLANT & EQUIPMENT $17,083,867 $ 8,530,776 $ 6,603,262 $ 6,447,821 ---------------------------------------------------------------------------------------------------------------- 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 $66,419,167 $67,509,170 $67,416,708 ---------------------------------------------------------------------------------------------------------------- POSTPETITION LIABILITIES ---------------------------------------------------------------------------------------------------------------- 17. ACCOUNTS PAYABLE $ 369,766 $ 380,639 $ 372,859 ---------------------------------------------------------------------------------------------------------------- 18. TAXES PAYABLE ($888,265) ($447,135) ($442,679) ---------------------------------------------------------------------------------------------------------------- 19. NOTES PAYABLE $ 0 $ 0 $ 0 ---------------------------------------------------------------------------------------------------------------- 20. PROFESSIONAL FEES $ 0 $ 0 $ 0 ---------------------------------------------------------------------------------------------------------------- 21. SECURED DEBT $ 0 $ 0 $ 0 ---------------------------------------------------------------------------------------------------------------- 22. OTHER (ATTACH LIST) $ 1,069,613 $ 1,251,850 $ 1,161,345 ---------------------------------------------------------------------------------------------------------------- 23. TOTAL POSTPETITION LIABILITIES $ 551,114 $ 1,185,354 $ 1,091,525 ---------------------------------------------------------------------------------------------------------------- PREPETITION LIABILITIES ---------------------------------------------------------------------------------------------------------------- 24. SECURED DEBT $ 152,776 $ 0 $ 0 $ 0 ---------------------------------------------------------------------------------------------------------------- 25. PRIORITY DEBT $ 380,384 $ 0 $ 0 $ 0 ---------------------------------------------------------------------------------------------------------------- 26. UNSECURED DEBT $10,596,326 $18,168,823 $18,168,823 $18,206,244 ---------------------------------------------------------------------------------------------------------------- 27. OTHER (ATTACH LIST) $ 0 $ 0 $ 0 ---------------------------------------------------------------------------------------------------------------- 28. TOTAL PREPETITION LIABILITIES $11,129,486 $18,168,823 $18,168,823 $18,206,244 ---------------------------------------------------------------------------------------------------------------- 29. TOTAL LIABILITIES $11,129,486 $18,719,937 $19,354,177 $19,297,769 ---------------------------------------------------------------------------------------------------------------- EQUITY ---------------------------------------------------------------------------------------------------------------- 30. PREPETITION OWNERS' EQUITY $49,811,125 $49,811,125 $49,811,125 ---------------------------------------------------------------------------------------------------------------- 31. POSTPETITION CUMULATIVE PROFIT OR (LOSS) ($2,111,895) ($1,656,132) ($1,692,186) ---------------------------------------------------------------------------------------------------------------- 32. DIRECT CHARGES TO EQUITY (ATTACH EXPLANATION) ---------------------------------------------------------------------------------------------------------------- 33. TOTAL EQUITY $ 0 $47,699,230 $48,154,993 $48,118,939 ---------------------------------------------------------------------------------------------------------------- 34. TOTAL LIABILITIES & OWNERS' EQUITY $11,129,486 $66,419,167 $67,509,170 $67,416,708 ---------------------------------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------------------------------------------
================================================================================ 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 July 2001 August 2001 September 2001 TOTAL ---------------------------------------------------------------------------------------------------------------------------- 1. GROSS REVENUES $1,001,896 $1,608,165 $1,030,020 $ 3,640,081 --------------------------------------------------------------------------------------------------------------------------- 2. LESS: RETURNS & DISCOUNTS $ 0 $ 0 $ 0 $ 0 --------------------------------------------------------------------------------------------------------------------------- 3. NET REVENUE $1,001,896 $1,608,165 $1,030,020 $ 3,640,081 --------------------------------------------------------------------------------------------------------------------------- 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 $1,001,896 $1,608,165 $1,030,020 $ 3,640,081 --------------------------------------------------------------------------------------------------------------------------- OPERATING EXPENSES --------------------------------------------------------------------------------------------------------------------------- 9. OFFICER/INSIDER COMPENSATION $ 10,000 $ 10,000 $ 10,000 $ 30,000 --------------------------------------------------------------------------------------------------------------------------- 10. SELLING & MARKETING $ 0 $ 0 $ 0 $ 0 --------------------------------------------------------------------------------------------------------------------------- 11. GENERAL & ADMINISTRATIVE $ 64,344 $ 90,446 $ 64,429 $ 219,219 --------------------------------------------------------------------------------------------------------------------------- 12. RENT & LEASE $ 0 $ 0 $ 11,654 $ 11,654 --------------------------------------------------------------------------------------------------------------------------- 13. OTHER (ATTACH LIST) $ 777,567 $1,306,637 $ 865,337 $ 2,949,541 --------------------------------------------------------------------------------------------------------------------------- 14. TOTAL OPERATING EXPENSES $ 851,911 $1,407,083 $ 951,420 $ 3,210,414 --------------------------------------------------------------------------------------------------------------------------- 15. INCOME BEFORE NON-OPERATING INCOME & EXPENSE $ 149,985 $ 201,082 $ 78,600 $ 429,667 --------------------------------------------------------------------------------------------------------------------------- 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 $ 92 $ 0 $ 0 $ 92 --------------------------------------------------------------------------------------------------------------------------- 19. DEPRECIATION/DEPLETION $ 171,696 $ 169,758 $ 123,513 $ 464,967 --------------------------------------------------------------------------------------------------------------------------- 20. AMORTIZATION $ 0 $ 0 $ 0 $ 0 --------------------------------------------------------------------------------------------------------------------------- 21. OTHER (ATTACH LIST) ($300,055) ($840,904) ($9,001) ($1,149,960) --------------------------------------------------------------------------------------------------------------------------- 22. NET OTHER INCOME & EXPENSES ($128,267) ($671,146) $ 114,512 ($684,901) --------------------------------------------------------------------------------------------------------------------------- REORGANIZATION EXPENSES --------------------------------------------------------------------------------------------------------------------------- 23. PROFESSIONAL FEES $ 371 $ 0 $ 2,545 $ 2,916 --------------------------------------------------------------------------------------------------------------------------- 24. U.S. TRUSTEE FEES $ 0 $ 0 $ 250 $ 250 --------------------------------------------------------------------------------------------------------------------------- 25. OTHER (ATTACH LIST) $ 0 $ 0 $ 0 $ 0 --------------------------------------------------------------------------------------------------------------------------- 26. TOTAL REORGANIZATION EXPENSES $ 371 $ 0 $ 2,795 $ 3,166 --------------------------------------------------------------------------------------------------------------------------- 27. INCOME TAX $ 120,011 $ 416,465 $ (2,653) $ 533,823 --------------------------------------------------------------------------------------------------------------------------- 28. NET PROFIT (LOSS) $ 157,870 $ 455,763 $ (36,054) $ 577,579 --------------------------------------------------------------------------------------------------------------------------- ====================================================================================================================================
-------------------------------------------------------------------------------- Monthly Operating Report ------------------------------------------------ CASE NAME: Kitty Hawk Charters, Inc. ACCRUAL BASIS-3 ------------------------------------------------ ------------------------------------------------ CASE NUMBER: 400-42143-BJH 02/13/95, RWD, 2/96 ------------------------------------------------
---------------------------------------------------------------------------------------------------------------------------- CASH RECEIPTS AND MONTH MONTH MONTH QUARTER ----------------------------------------------------------------------- DISBURSEMENTS July 2001 August 2001 September 2001 TOTAL ---------------------------------------------------------------------------------------------------------------------------- 1. CASH - BEGINNING OF MONTH $ 100,977 $ 48,442 $ 37,064 $ 100,977 ---------------------------------------------------------------------------------------------------------------------------- RECEIPTS FROM OPERATIONS ---------------------------------------------------------------------------------------------------------------------------- 2. CASH SALES $ 0 $ 0 $ 0 $ 0 ---------------------------------------------------------------------------------------------------------------------------- COLLECTION OF ACCOUNTS RECEIVABLE ---------------------------------------------------------------------------------------------------------------------------- 3. PREPETITION $ 0 $ 0 $ 0 $ 0 ---------------------------------------------------------------------------------------------------------------------------- 4. POSTPETITION $ 1,841,503 $1,117,054 $ 1,036,431 $ 3,994,988 ---------------------------------------------------------------------------------------------------------------------------- 5. TOTAL OPERATING RECEIPTS $ 1,841,503 $1,117,054 $ 1,036,431 $ 3,994,988 ---------------------------------------------------------------------------------------------------------------------------- NON - OPERATING RECEIPTS ---------------------------------------------------------------------------------------------------------------------------- 6. LOANS & ADVANCES (ATTACH LIST) $ 0 $ 0 $ 0 $ 0 ---------------------------------------------------------------------------------------------------------------------------- 7. SALE OF ASSETS $ 0 $ 591,822 $ 39,914 $ 631,736 ---------------------------------------------------------------------------------------------------------------------------- 8. OTHER (ATTACH LIST) ($1,894,038) ($1,720,254) ($1,032,550) ($4,646,842) ---------------------------------------------------------------------------------------------------------------------------- 9. TOTAL NON-OPERATING RECEIPTS ($1,894,038) ($1,128,432) ($992,636) ($4,015,106) ---------------------------------------------------------------------------------------------------------------------------- 10. TOTAL RECEIPTS ($52,535) ($11,378) $ 43,795 ($20,118) ---------------------------------------------------------------------------------------------------------------------------- 11. TOTAL CASH AVAILABLE $ 48,442 $ 37,064 $ 80,859 $ 80,859 ---------------------------------------------------------------------------------------------------------------------------- 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 ($52,535) ($11,378) $ 43,795 ($20,118) ---------------------------------------------------------------------------------------------------------------------------- 33. CASH - END OF MONTH $ 48,442 $ 37,064 $ 80,859 $ 80,859 ---------------------------------------------------------------------------------------------------------------------------- ====================================================================================================================================
-------------------------------------------------------------------------------- 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 July 2001 August 2001 September 2001 ----------------------------------------------------------------------------------------------------------- 1. 0-30 $ 824,129 $1,300,826 $1,223,755 ----------------------------------------------------------------------------------------------------------- 2. 31-60 $ 817,298 $ 431,366 $ 380,586 ----------------------------------------------------------------------------------------------------------- 3. 61-90 $ 135,137 $ 189,355 $ 113,910 ----------------------------------------------------------------------------------------------------------- 4. 91+ $1,086,747 $ 801,466 $ 796,949 ----------------------------------------------------------------------------------------------------------- 5. TOTAL ACCOUNTS RECEIVABLE $0 $2,863,311 $2,723,013 $2,515,200 ----------------------------------------------------------------------------------------------------------- 6. AMOUNT CONSIDERED UNCOLLECTIBLE $ 0 $ 0 $ 0 ----------------------------------------------------------------------------------------------------------- 7. ACCOUNTS RECEIVABLE (NET) $0 $2,863,311 $2,723,013 $2,515,200 ----------------------------------------------------------------------------------------------------------- --------------------------------------------------------------- AGING OF POSTPETITION TAXES AND PAYABLES MONTH: September 2001 ------------------------------------ ----------------------------------------------------------------------------------------------------------- 0-30 31-60 61-90 91+ TAXES PAYABLE DAYS DAYS DAYS DAYS TOTAL ----------------------------------------------------------------------------------------------------------- 1. FEDERAL ($491,197) $ 0 $ 0 $ 0 ($491,197) ----------------------------------------------------------------------------------------------------------- 2. STATE $ 48,518 $ 0 $ 0 $ 0 $ 48,518 ----------------------------------------------------------------------------------------------------------- 3. LOCAL $ 0 $ 0 $ 0 $ 0 $ 0 ----------------------------------------------------------------------------------------------------------- 4. OTHER (ATTACH LIST) $ 0 $ 0 $ 0 $ 0 $ 0 ----------------------------------------------------------------------------------------------------------- 5. TOTAL TAXES PAYABLE ($442,679) $ 0 $ 0 $ 0 ($442,679) ----------------------------------------------------------------------------------------------------------- ----------------------------------------------------------------------------------------------------------- 6. ACCOUNTS PAYABLE $ 23,765 $11,740 $11,068 $326,286 $372,859 ----------------------------------------------------------------------------------------------------------- --------------------------------------- STATUS OF POSTPETITION TAXES MONTH: September 2001 ------------------------------------ ----------------------------------------------------------------------------------------------------------- BEGINNING AMOUNT ENDING TAX WITHHELD AND/ AMOUNT TAX FEDERAL LIABILITY* OR ACCRUED PAID LIABILITY ----------------------------------------------------------------------------------------------------------- 1. WITHHOLDING** $ 0 $113,558 $113,558 $ 0 ----------------------------------------------------------------------------------------------------------- 2. FICA-EMPLOYEE** $ 0 $ 0 $ 0 $ 0 ----------------------------------------------------------------------------------------------------------- 3. FICA-EMPLOYER** $ 0 $ 0 $ 0 $ 0 ----------------------------------------------------------------------------------------------------------- 4. UNEMPLOYMENT $ 0 $ 0 $ 0 $ 0 ----------------------------------------------------------------------------------------------------------- 5. INCOME ($488,544) ($2,653) $ 0 ($491,197) ----------------------------------------------------------------------------------------------------------- 6. OTHER (ATTACH LIST) $ 0 $ 0 $ 0 $ 0 ----------------------------------------------------------------------------------------------------------- 7. TOTAL FEDERAL TAXES ($488,544) $110,905 $113,558 ($491,197) ----------------------------------------------------------------------------------------------------------- STATE AND LOCAL ----------------------------------------------------------------------------------------------------------- 8. WITHHOLDING $ 0 $ 0 $ 0 $ 0 ----------------------------------------------------------------------------------------------------------- 9. SALES $ 324 $ 0 $ 0 $ 324 ----------------------------------------------------------------------------------------------------------- 10. EXCISE $ 41,085 $ 7,109 $ 0 $ 48,194 ----------------------------------------------------------------------------------------------------------- 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 $ 41,409 $ 7,109 $ 0 $ 48,518 ----------------------------------------------------------------------------------------------------------- 16. TOTAL TAXES ($447,135) $118,014 $113,558 ($442,679) ----------------------------------------------------------------------------------------------------------- --------------------------------------------------------------------------------------------------------------------
* 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: September 2001 ------------------------------------------- ----------------------------------------------------- BANK RECONCILIATIONS Account #1 Account #2 Account #3 ------------------------------------------------------------------------------------------------------------ A. BANK: Bank One Sun Trust Bank of America ---------------------------------------------------------------------------------------------- B. ACCOUNT NUMBER: 100128198 5572932 15818-17025 TOTAL ---------------------------------------------------------------------------------------------- C. PURPOSE (TYPE): Deposit Operating Deposit ------------------------------------------------------------------------------------------------------------ 1. BALANCE PER BANK STATEMENT $ 0 $15,343 $39,915 $55,258 ------------------------------------------------------------------------------------------------------------ 2. ADD: TOTAL DEPOSITS NOT CREDITED $ 0 $ 0 $ 0 $ 0 ------------------------------------------------------------------------------------------------------------ 3. SUBTRACT: OUTSTANDING CHECKS $ 0 $ 0 $ 0 $ 0 ------------------------------------------------------------------------------------------------------------ 4. OTHER RECONCILING ITEMS $9,618 $ 0 $ 0 $ 9,618 ------------------------------------------------------------------------------------------------------------ 5. MONTH END BALANCE PER BOOKS $9,618 $15,343 $39,915 $64,876 ------------------------------------------------------------------------------------------------------------ 6. NUMBER OF LAST CHECK WRITTEN No checks No checks 95 ------------------------------------------------------------------------------------------------------------ ------------------------------------------- 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 $15,983 ------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------ 13. TOTAL CASH - END OF MONTH $80,859 ------------------------------------------------------------------------------------------------------------
-------------------------------------------------------------------------------- -------------------------------------------------------------------------------- Monthly Operating Report --------------------------------------- CASE NAME: Kitty Hawk Charters, Inc. ACCRUAL BASIS-6 --------------------------------------- --------------------------------------- CASE NUMBER: 400-42143-BJH 02/13/95, RWD, 2/96 --------------------------------------- MONTH: September 2001 --------------------------------------- PAYMENTS TO INSIDERS AND PROFESSIONALS --------------------------------------- OF THE TOTAL DISBURSEMENTS SHOWN FOR THE MONTH, LIST THE AMOUNT PAID TO INSIDERS (AS DEFINED IN SECTION 101 (31) (A)-(F) OF THE U.S. BANKRUPTCY CODE) AND TO PROFESSIONALS. ALSO, FOR PAYMENTS TO INSIDERS, IDENTIFY THE TYPE OF COMPENSATION PAID (e.g. SALARY, BONUS, COMMISSIONS, INSURANCE, HOUSING ALLOWANCE, TRAVEL, CAR ALLOWANCE, ETC.). ATTACH ADDITIONAL SHEETS IF NECESSARY. ------------------------------------------------------------------------ INSIDERS ------------------------------------------------------------------------ TYPE OF AMOUNT TOTAL PAID NAME PAYMENT PAID TO DATE ------------------------------------------------------------------------ 1. Toby Skaar Salary $0 $4,808 ------------------------------------------------------------------------ 2. Doug Kalitta Salary $10,000 $185,000 ------------------------------------------------------------------------ 3. N/A ------------------------------------------------------------------------ 4. N/A ------------------------------------------------------------------------ 5. N/A ------------------------------------------------------------------------ 6. TOTAL PAYMENTS TO INSIDERS $10,000 $189,808 ------------------------------------------------------------------------
---------------------------------------------------------------------------------------------------------- PROFESSIONALS ---------------------------------------------------------------------------------------------------------- DATE OF COURT TOTAL ORDER AUTHORIZING AMOUNT AMOUNT TOTAL PAID INCURRED NAME PAYMENT APPROVED PAID TO DATE & UNPAID * ---------------------------------------------------------------------------------------------------------- 1. N/A ---------------------------------------------------------------------------------------------------------- 2. N/A ---------------------------------------------------------------------------------------------------------- 3. N/A ---------------------------------------------------------------------------------------------------------- 4. N/A ---------------------------------------------------------------------------------------------------------- 5. N/A ---------------------------------------------------------------------------------------------------------- 6. TOTAL PAYMENTS TO PROFESSIONALS $0 $0 $0 $0 ---------------------------------------------------------------------------------------------------------- * INCLUDE ALL FEES INCURRED, BOTH APPROVED AND UNAPPROVED ------------------------------------------------------------------ POSTPETITION STATUS OF SECURED NOTES, LEASES PAYABLE AND ADEQUATE PROTECTION PAYMENTS ------------------------------------------------------------------ ---------------------------------------------------------------------------------------- SCHEDULED AMOUNTS MONTHLY PAID TOTAL PAYMENTS DURING UNPAID NAME OF CREDITOR DUE MONTH POSTPETITION ---------------------------------------------------------------------------------------- 1. N/A ---------------------------------------------------------------------------------------- 2. N/A ---------------------------------------------------------------------------------------- 3. N/A ---------------------------------------------------------------------------------------- 4. N/A ---------------------------------------------------------------------------------------- 5. N/A ---------------------------------------------------------------------------------------- 6. TOTAL ----------------------------------------------------------------------------------------
-------------------------------------------------------------------------------- -------------------------------------------------------------------------------- Monthly Operating Report ---------------------------------------------- CASE NAME: Kitty Hawk Charters, Inc. ACCRUAL BASIS-7 ---------------------------------------------- ---------------------------------------------- CASE NUMBER: 400-42143-BJH 02/13/95, RWD, 2/96 ---------------------------------------------- MONTH: September 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 1 - The Company has shut down the KH Turbines operating unit of KH ------------------------------------------------------------------------ Charters. Assets are being sold to third parties and through auction ------------------------------------------------------------------------ to be held in October. Additionally, inventory of KH Turbines are being ------------------------------------------------------------------------ sold on a consignment basis. All proceeds from these sales are being ------------------------------------------------------------------------ remitted to WFB to be applied as directed to the outstanding debt. ------------------------------------------------------------------------ ------------------------------------------------ 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: September 2001 --------------------------------------
--------------------------------------------------------------------------------------------------------------------------- ACCRUAL BASIS LINE FORM NUMBER NUMBER FOOTNOTE / EXPLANATION --------------------------------------------------------------------------------------------------------------------------- --------------------------------------------------------------------------------------------------------------------------- --------------------------------------------------------------------------------------------------------------------------- 6 All Professional fees related to the Reorganization of the --------------------------------------------------------------------------------------------------------------------------- Company are disbursed out of Kitty Hawk, Inc. (Parent --------------------------------------------------------------------------------------------------------------------------- Company). Refer to Case # 400-42141 --------------------------------------------------------------------------------------------------------------------------- --------------------------------------------------------------------------------------------------------------------------- 7 All insurance plans related to the Company are carried --------------------------------------------------------------------------------------------------------------------------- at Kitty Hawk, Inc. (Parent Company). Refer to Case # --------------------------------------------------------------------------------------------------------------------------- 400-42141. --------------------------------------------------------------------------------------------------------------------------- --------------------------------------------------------------------------------------------------------------------------- --------------------------------------------------------------------------------------------------------------------------- 3 3 The current general ledger system is not able to provide a detail of --------------------------------------------------------------------------------------------------------------------------- customer cash receipts segregated by prepetion accounts receivable --------------------------------------------------------------------------------------------------------------------------- and post petition accounts receivable. Therefore, cash receipts --------------------------------------------------------------------------------------------------------------------------- is provided in total for the month. --------------------------------------------------------------------------------------------------------------------------- --------------------------------------------------------------------------------------------------------------------------- --------------------------------------------------------------------------------------------------------------------------- --------------------------------------------------------------------------------------------------------------------------- 3 8 All cash received into the Company cash accounts is swept --------------------------------------------------------------------------------------------------------------------------- each night to Kitty Hawk, Inc. Master Account (see Case --------------------------------------------------------------------------------------------------------------------------- #400-42141). --------------------------------------------------------------------------------------------------------------------------- --------------------------------------------------------------------------------------------------------------------------- 3 31 All disbursements (either by wire transfer or check), including payroll are --------------------------------------------------------------------------------------------------------------------------- disbursed out of the Kitty Hawk, Inc. controlled disbursement --------------------------------------------------------------------------------------------------------------------------- account. --------------------------------------------------------------------------------------------------------------------------- --------------------------------------------------------------------------------------------------------------------------- 4 6 All assessment of uncollectible accounts receivable are done --------------------------------------------------------------------------------------------------------------------------- at Kitty Hawk, Inc. Refer to Case #400-4214. All reserves --------------------------------------------------------------------------------------------------------------------------- are recorded at Inc. and pushed down to Inc.'s subsidiaries --------------------------------------------------------------------------------------------------------------------------- as deemed necessary. --------------------------------------------------------------------------------------------------------------------------- --------------------------------------------------------------------------------------------------------------------------- 4 6 Accounts payable on the aging are in the 60 and 90 day categories due to wire --------------------------------------------------------------------------------------------------------------------------- transfers sent as prepayment on Kitty Hawk Inc. (Case #400-42141) A/P --------------------------------------------------------------------------------------------------------------------------- aging and invoices on Kitty Hawk Charters Aging. Company is working on --------------------------------------------------------------------------------------------------------------------------- clearing these items. --------------------------------------------------------------------------------------------------------------------------- --------------------------------------------------------------------------------------------------------------------------- --------------------------------------------------------------------------------------------------------------------------- --------------------------------------------------------------------------------------------------------------------------- 3 28 All payments are made by Kitty Hawk, Inc. (Case #400-42141) --------------------------------------------------------------------------------------------------------------------------- --------------------------------------------------------------------------------------------------------------------------- ---------------------------------------------------------------------------------------------------------------------------
CASE NAME: Kitty Hawk Charters, Inc. CASE NUMBER: 400-42143 Details of Other Items ACCRUAL BASIS-1 September 2001 8. OTHER (ATTACH LIST) $ 53,904,684 Reported ------------------- Intercompany Receivables 51,557,434 A/R 401(k) Loan (1,683) A/R Employees (954) A/R Clothing Sales 27,177 A/R Other 286,923 A/R Aging reconciling item 211,942 A/R Accrued - A/R Customer Refund - Aircraft held for Resale 1,665,099 Fuel Inventory 3,483 Security Deposit 155,263 ------------------- 53,904,684 Detail ------------------- - Difference 22. OTHER (ATTACH LIST) $ 1,161,345 Reported ------------------- Customer Deposits - Accrued charter expenses 437,099 Accrued Salaries/Wages 184,907 Accrued 401(k) (88) A/P Aging reconciling item 5,578 Misc 12,755 Accrued Fuel 521,094 ------------------- 1,161,345 Detail ------------------- - Difference ACCRUAL BASIS-2 13. OTHER (ATTACH LIST) $ 865,337 Reported ------------------- Ondemand costs 54,512 135 Airline charter costs 5,945 Parts Lease - Engine Maintenance - Cost of parts sales 22,290 Fuel 332,505 Wages 361,402 Travel expense 11,357 Insurance 32,757 Rotables/Repair/Consumables 37,522 Shipping 665 Charts 3,647 Pre-emp testing - Shop materials/equip rental 2,735 Maintenance allocation - ------------------- 865,337 Detail ------------------- - Difference ACCRUAL BASIS-2 21. OTHER (ATTACH LIST) (9,001) Reported ------------------- Gain on sale of asset (9,025) Misc income 24 ------------------- (9,001) Detail ------------------- - Difference ACCRUAL BASIS-3 8. OTHER (ATTACH LIST) (1,032,550) Reported ------------------- Credit card charges (6,399) NSF Checks (17,715) Return of wire error 83,307 New petty cash account 600 Sweeps to Kitty Hawk, Inc. (1,092,343) Detail ------------------- (1,032,550) Detail ------------------- - Difference EX-99.4 6 dex994.txt MONTHLY OPERATING REPORT-KITTY HAWK INT'L 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: SEPTEMBER 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 10/19/2001 ---------------------------------------- ------------------------------ PRINTED NAME OF RESPONSIBLE PARTY DATE PREPARER: /s/ Jessica L. Wilson Chief Accounting Officer ---------------------------------------- ------------------------------ ORIGINAL SIGNATURE OF PREPARER TITLE Jessica L. Wilson 10/19/2001 ---------------------------------------- ------------------------------ PRINTED NAME OF PREPARER DATE -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- Monthly Operating Report -------------------------------------------- CASE NAME: Kitty Hawk International, Inc. ACCRUAL BASIS-1 -------------------------------------------- -------------------------------------------- CASE NUMBER: 400-42144 02/13/95, RWD, 2/96 --------------------------------------------
-------------------------------------------- COMPARATIVE BALANCE SHEET -------------------------------------------------------------------------------------------------------------- SCHEDULE MONTH MONTH MONTH ---------------------------------------------------------- ASSETS AMOUNT July 2001 August 2001 September 2001 -------------------------------------------------------------------------------------------------------------- 1. UNRESTRICTED CASH $ 40,098 $ 0 $ 0 $ 0 -------------------------------------------------------------------------------------------------------------- 2. RESTRICTED CASH $ 20,424,198 $ 19,229,498 $ 24,359,338 -------------------------------------------------------------------------------------------------------------- 3. TOTAL CASH $ 40,098 $ 20,424,198 $ 19,229,498 $ 24,359,338 -------------------------------------------------------------------------------------------------------------- 4. ACCOUNTS RECEIVABLE (NET) $ 9,006,275 $ 7,129,535 $ 7,071,039 $ 7,085,549 -------------------------------------------------------------------------------------------------------------- 5. INVENTORY $ 20,429,725 $ 0 $ 0 $ 0 -------------------------------------------------------------------------------------------------------------- 6. NOTES RECEIVABLE $ 3,000,000 $ 3,000,000 $ 0 -------------------------------------------------------------------------------------------------------------- 7. PREPAID EXPENSES ($1,309) $ 73,614 $ 52,976 -------------------------------------------------------------------------------------------------------------- 8. OTHER (ATTACH LIST) $ 21,367,511 ($351,714,172) $351,610,665) ($347,718,462) -------------------------------------------------------------------------------------------------------------- 9. TOTAL CURRENT ASSETS $ 50,843,609 ($321,161,748) ($322,236,514) ($316,220,599) -------------------------------------------------------------------------------------------------------------- 10. PROPERTY, PLANT & EQUIPMENT $474,988,760 $520,767,098 $520,767,098 $514,146,385 -------------------------------------------------------------------------------------------------------------- 11. LESS: ACCUMULATED DEPRECIATION / DEPLETION $439,236,027 $439,236,027 $438,869,930 -------------------------------------------------------------------------------------------------------------- 12. NET PROPERTY, PLANT & EQUIPMENT $474,988,760 $ 81,531,071 $ 81,531,071 $ 75,276,455 -------------------------------------------------------------------------------------------------------------- 13. DUE FROM INSIDERS $ 0 $ 0 $ 0 -------------------------------------------------------------------------------------------------------------- 14. OTHER ASSETS - NET OF AMORTIZATION (ATTACH LIST) $ 0 $ 0 $ 0 -------------------------------------------------------------------------------------------------------------- 15. OTHER (ATTACH LIST) $ 0 $ 0 $ 0 -------------------------------------------------------------------------------------------------------------- 16. TOTAL ASSETS $525,832,369 ($239,630,677) ($240,705,443) ($240,944,144) -------------------------------------------------------------------------------------------------------------- POSTPETITION LIABILITIES -------------------------------------------------------------------------------------------------------------- 17. ACCOUNTS PAYABLE $ 78,034 ($25,008) $ 78,387 -------------------------------------------------------------------------------------------------------------- 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) ($147,994,874) ($148,930,942) ($148,527,157) -------------------------------------------------------------------------------------------------------------- 23. TOTAL POSTPETITION LIABILITIES ($147,916,840) ($148,955,950) ($148,448,770) -------------------------------------------------------------------------------------------------------------- PREPETITION LIABILITIES -------------------------------------------------------------------------------------------------------------- 24. SECURED DEBT $ 23,187,921 $ 22,196,865 $ 22,195,225 $ 22,193,584 -------------------------------------------------------------------------------------------------------------- 25. PRIORITY DEBT $ 4,672,323 $ 0 $ 0 $ 0 -------------------------------------------------------------------------------------------------------------- 26. UNSECURED DEBT $392,188,633 $ 16,874,368 $ 16,874,368 $ 16,727,509 -------------------------------------------------------------------------------------------------------------- 27. OTHER (ATTACH LIST) $ 75,981,394 $ 75,981,394 $ 75,481,394 -------------------------------------------------------------------------------------------------------------- 28. TOTAL PREPETITION LIABILITIES $420,048,877 $115,052,627 $115,050,987 $114,402,487 -------------------------------------------------------------------------------------------------------------- 29. TOTAL LIABILITIES $420,048,877 ($32,864,213) ($33,904,963) ($34,046,283) -------------------------------------------------------------------------------------------------------------- EQUITY -------------------------------------------------------------------------------------------------------------- 30. PREPETITION OWNERS' EQUITY $ 16,327,446 $ 16,327,446 $ 16,327,446 -------------------------------------------------------------------------------------------------------------- 31. POSTPETITION CUMULATIVE PROFIT OR (LOSS) ($223,093,910) ($223,127,926) ($223,225,307) -------------------------------------------------------------------------------------------------------------- 32. DIRECT CHARGES TO EQUITY (ATTACH EXPLANATION) -------------------------------------------------------------------------------------------------------------- 33. TOTAL EQUITY $ 0 ($206,766,464) ($206,800,480) ($206,897,861) -------------------------------------------------------------------------------------------------------------- 34. TOTAL LIABILITIES & OWNERS' EQUITY $420,048,877 ($239,630,677) ($240,705,443) ($240,944,144) --------------------------------------------------------------------------------------------------------------
-------------------------------------------------------------------------------- ================================================================================ 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 July 2001 August 2001 September 2001 TOTAL ---------------------------------------------------------------------------------------------------------------- 1. GROSS REVENUES $59,080 $ 0 $ 67,120 $126,200 ---------------------------------------------------------------------------------------------------------------- 2. LESS: RETURNS & DISCOUNTS $ 0 $ 0 $ 0 $ 0 ---------------------------------------------------------------------------------------------------------------- 3. NET REVENUE $59,080 $ 0 $ 67,120 $126,200 ---------------------------------------------------------------------------------------------------------------- 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 $59,080 $ 0 $ 67,120 $126,200 ---------------------------------------------------------------------------------------------------------------- OPERATING EXPENSES ---------------------------------------------------------------------------------------------------------------- 9. OFFICER / INSIDER COMPENSATION $ 0 $ 0 $ 0 $ 0 ---------------------------------------------------------------------------------------------------------------- 10. SELLING & MARKETING $ 0 $ 0 $ 0 $ 0 ---------------------------------------------------------------------------------------------------------------- 11. GENERAL & ADMINISTRATIVE ($19,826) ($3,444) ($7,790) ($31,060) ---------------------------------------------------------------------------------------------------------------- 12. RENT & LEASE ($21,000) ($21,000) ($6,535) ($48,535) ---------------------------------------------------------------------------------------------------------------- 13. OTHER (ATTACH LIST) $ 0 $ 0 $ 0 $ 0 ---------------------------------------------------------------------------------------------------------------- 14. TOTAL OPERATING EXPENSES ($40,826) ($24,444) ($14,325) ($79,595) ---------------------------------------------------------------------------------------------------------------- 15. INCOME BEFORE NON-OPERATING INCOME & EXPENSE $99,906 $24,444 $ 81,445 $205,795 ---------------------------------------------------------------------------------------------------------------- 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 $ 95 $ 50 $ 40 $ 185 ---------------------------------------------------------------------------------------------------------------- 19. DEPRECIATION / DEPLETION $ 0 $ 0 $ 0 $ 0 ---------------------------------------------------------------------------------------------------------------- 20. AMORTIZATION $ 7,942 $ 7,942 $ 7,942 $ 23,826 ---------------------------------------------------------------------------------------------------------------- 21. OTHER (ATTACH LIST) ($52,321) ($57,667) $153,374 $ 43,386 ---------------------------------------------------------------------------------------------------------------- 22. NET OTHER INCOME & EXPENSES ($44,284) ($49,675) $161,356 $ 67,397 ---------------------------------------------------------------------------------------------------------------- REORGANIZATION EXPENSES ---------------------------------------------------------------------------------------------------------------- 23. PROFESSIONAL FEES $22,804 $130,812 $ 82,141 $235,757 ---------------------------------------------------------------------------------------------------------------- 24. U.S. TRUSTEE FEES $ 0 $ 0 $ 250 $ 250 ---------------------------------------------------------------------------------------------------------------- 25. OTHER (ATTACH LIST) $ 0 $ 0 $ 0 $ 0 ---------------------------------------------------------------------------------------------------------------- 26. TOTAL REORGANIZATION EXPENSES $22,804 $130,812 $ 82,391 $236,007 ---------------------------------------------------------------------------------------------------------------- 27. INCOME TAX $48,547 ($22,677) ($64,920) ($39,050) ---------------------------------------------------------------------------------------------------------------- 28. NET PROFIT (LOSS) $72,839 ($34,016) ($97,382) ($58,559) ----------------------------------------------------------------------------------------------------------------
================================================================================ -------------------------------------------------------------------------------- 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 July 2001 August 2001 September 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 $5,000 $37,000 $0 $42,000 ------------------------------------------------------------------------------------------------------------ 5. TOTAL OPERATING RECEIPTS $5,000 $37,000 $0 $42,000 ------------------------------------------------------------------------------------------------------------ NON - OPERATING RECEIPTS ------------------------------------------------------------------------------------------------------------ 6. LOANS & ADVANCES (ATTACH LIST) $ 0 $ 0 $0 $ 0 ------------------------------------------------------------------------------------------------------------ 7. SALE OF ASSETS $ 0 $ 0 $0 $ 0 ------------------------------------------------------------------------------------------------------------ 8. OTHER (ATTACH LIST) ($5,000) ($37,000) $0 ($42,000) ------------------------------------------------------------------------------------------------------------ 9. TOTAL NON-OPERATING RECEIPTS ($5,000) ($37,000) $0 ($42,000) ------------------------------------------------------------------------------------------------------------ 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 July 2001 August 2001 September 2001 ---------------------------------------------------------------------------------------------------------------------------- 1. 0-30 $ 125 ($16,000) $ 5,000 ---------------------------------------------------------------------------------------------------------------------------- 2. 31-60 $ 0 $ 125 $ 0 ---------------------------------------------------------------------------------------------------------------------------- 3. 61-90 $ 0 $ 0 $ 125 ---------------------------------------------------------------------------------------------------------------------------- 4. 91+ $7,129,410 $7,086,914 $7,080,424 ---------------------------------------------------------------------------------------------------------------------------- 5. TOTAL ACCOUNTS RECEIVABLE $0 $7,129,535 $7,071,039 $7,085,549 ---------------------------------------------------------------------------------------------------------------------------- 6. AMOUNT CONSIDERED UNCOLLECTIBLE $ 0 $ 0 $ 0 ---------------------------------------------------------------------------------------------------------------------------- 7. ACCOUNTS RECEIVABLE (NET) $0 $7,129,535 $7,071,039 $7,085,549 ---------------------------------------------------------------------------------------------------------------------------- ------------------------------------------------------------------------- AGING OF POSTPETITION TAXES AND PAYABLES MONTH: September 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 $5,682 $6,120 $1,348 $65,237 $78,387 --------------------------------------------------------------------------------------------------------------------------- -------------------------------------------------- STATUS OF POSTPETITION TAXES MONTH: September 2001 -------------------------------- --------------------------------------------------------------------------------------------------------------------------- BEGINNING AMOUNT ENDING TAX WITHHELD AND/ AMOUNT TAX FEDERAL LIABILITY* OR ACCRUED PAID LIABILITY --------------------------------------------------------------------------------------------------------------------------- 1. WITHHOLDING** $0 $0 $0 $0 --------------------------------------------------------------------------------------------------------------------------- 2. FICA-EMPLOYEE** $0 $0 $0 $0 --------------------------------------------------------------------------------------------------------------------------- 3. FICA-EMPLOYER** $0 $0 $0 $0 --------------------------------------------------------------------------------------------------------------------------- 4. UNEMPLOYMENT $0 $0 $0 $0 --------------------------------------------------------------------------------------------------------------------------- 5. INCOME $0 $0 $0 $0 --------------------------------------------------------------------------------------------------------------------------- 6. OTHER (ATTACH LIST) $0 $0 $0 $0 --------------------------------------------------------------------------------------------------------------------------- 7. TOTAL FEDERAL TAXES $0 $0 $0 $0 --------------------------------------------------------------------------------------------------------------------------- STATE AND LOCAL --------------------------------------------------------------------------------------------------------------------------- 8. WITHHOLDING $0 $0 $0 $0 --------------------------------------------------------------------------------------------------------------------------- 9. SALES $0 $0 $0 $0 --------------------------------------------------------------------------------------------------------------------------- 10. EXCISE $0 $0 $0 $0 --------------------------------------------------------------------------------------------------------------------------- 11. UNEMPLOYMENT $0 $0 $0 $0 --------------------------------------------------------------------------------------------------------------------------- 12. REAL PROPERTY $0 $0 $0 $0 --------------------------------------------------------------------------------------------------------------------------- 13. PERSONAL PROPERTY $0 $0 $0 $0 --------------------------------------------------------------------------------------------------------------------------- 14. OTHER (ATTACH LIST) $0 $0 $0 $0 --------------------------------------------------------------------------------------------------------------------------- 15. TOTAL STATE & LOCAL $0 $0 $0 $0 --------------------------------------------------------------------------------------------------------------------------- 16. TOTAL TAXES $0 $0 $0 $0 ---------------------------------------------------------------------------------------------------------------------------
* The beginning tax liability should represent the liability from the prior month or, if this is the first operating report, the amount should be zero. ** Attach photocopies of IRS Form 6123 or your FTD coupon and payment receipt to verify payment or deposit. -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- Monthly Operating Report -------------------------------------------- CASE NAME: 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: September 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: September 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 $0 $855 --------------------------------------------------------------------------------------------------------------------- 2. GE Capital $784 $0 $784 --------------------------------------------------------------------------------------------------------------------- 3. GE Capital varies $0 $0 --------------------------------------------------------------------------------------------------------------------- 4. N/A $0 $0 --------------------------------------------------------------------------------------------------------------------- 5. N/A $0 --------------------------------------------------------------------------------------------------------------------- 6 TOTAL $1,639 $0 $1,639 ---------------------------------------------------------------------------------------------------------------------
-------------------------------------------------------------------------------- -------------------------------------------------------------------------------- Monthly Operating Report ------------------------------------------------ CASE NAME: Kitty Hawk International, Inc. ACCRUAL BASIS-7 ------------------------------------------------ ------------------------------------------------ CASE NUMBER: 400-42144 02/13/95, RWD, 2/96 ------------------------------------------------ MONTH: September 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 X PERIOD? ------------------------------------------------------------------------------------------------------------- 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 connection with the sale of the building in Honolulu, ---------------------------------------------------------------------------- prepetition landing and parking at the HNL airport were paid as a ---------------------------------------------------------------------------- condition of the sale out of the proceeds. Additionally, restricted ---------------------------------------------------------------------------- cash was disbursed to a pre-petition vendor in order to secure liens ---------------------------------------------------------------------------- on assets which were sold by the trustee of the bondholders. ---------------------------------------------------------------------------- Item 1 - The building in Honolulu was sold with $2.35 mm of the net ---------------------------------------------------------------------------- proceeds used to pay down the outstanding revolver at WFB in accordance ---------------------------------------------------------------------------- with a court order. Additionally, the trustt of the bondholders sold ---------------------------------------------------------------------------- one aircraft and related engines. Proceeds are held in restricted 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 ------------------------------------------------------------------------------------------------------------- See Kitty Hawk, Inc. Case #400-42141 ------------------------------------------------------------------------------------------------------------- ------------------------------------------------------------------------------------------------------------- ------------------------------------------------------------------------------------------------------------- ------------------------------------------------------------------------------------------------------------- ------------------------------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------------------------------
-------------------------------------------------------------------------------- ================================================================================ ------------------------------------------------ CASE NAME: Kitty Hawk International, Inc. FOOTNOTES SUPPLEMENT ------------------------------------------------ ------------------------------------------------ CASE NUMBER: 400-42144 ACCRUAL BASIS ------------------------------------------------ MONTH: September 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 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 ACCRUAL BASIS-1 September 2001 8. OTHER (ATTACH LIST) $ (347,718,462)Reported ----------------------- Intercompany Receivables (363,179,715) A/R Senior Noteholders 840,865 A/R 401(k) Loan (4,535) A/R Insurance 133,954 A/R Auction Proceeds - A/R Aging Reconciling item 109,021 Deferred Taxes 13,097,746 Loan Org Costs 23,826 Deposits - Aircraft 360,971 Deposits - Rent 481,774 Security Deposit 417,631 ----------------------- (347,718,462)Detail ----------------------- - Difference 22. OTHER (ATTACH LIST) $ (148,527,157)Reported ----------------------- Accrued income taxes (148,816,869) Accrued Misc 278,212 Customer deposit - Accrued Fuel 11,500 ----------------------- (148,527,157)Detail ----------------------- - Difference 27. OTHER (ATTACH LIST) $ 75,481,394 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
CASE NAME: Kitty Hawk International, Inc. CASE NUMBER: 400-42144 Details of Other Items Other Misc accruals (1,138,896) -------------------- 75,481,394 Detail -------------------- - Differnece ACCRUAL BASIS-2 21 NON-OPERATING INCOME (ATT. LIST) $ 153,374 Reported -------------------- Interest income on restricted cash investments (54,858) Gain on asset sales 208,232 -------------------- 153,374 Detail -------------------- - Differnece ACCRUAL BASIS-3 8. OTHER (ATTACH LIST) - Reported -------------------- Cash collected on HNL Building Sale 3,349,484 Transfer to Inc - all money sweeps to KH Inc. Case #400-42141 (3,349,484) -------------------- - Detail -------------------- - Difference
EX-99.5 7 dex995.txt MONTHLY OPERATING REPORT -KITTY HAWK CARGO, INC 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 RT NORTHERN DISTRICT OF TEXAS SIXTH DIVISION MONTHLY OPERATING REPORT MONTH ENDING: SEPTEMBER 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 SHICH PREPARER HAS ANY KNOWLEDGE. RESPONSIBLE PARTY: /s/ Drew Keith CHIEF FINANCIAL OFFICER ------------------------------------------------- ---------------------------------------------- ORIGINAL SIGNATURE OF RESPONSIBLE PARTY TITLE DREW KEITH 10/19/2001 ------------------------------------------------- ---------------------------------------------- PRINTED NAME OF RESPONSIBLE PARTY DATE PREPARER: /s/ Kevin K. Craig CONTROLLER, KITTY HAWK INC. ------------------------------------------------- ---------------------------------------------- ORIGINAL SIGNATURE OF PREPARER TITLE KEVIN K. CRAIG 10/19/2001 ------------------------------------------------- ---------------------------------------------- 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 JULY, 2001 AUGUST, 2001 SEPTEMBER, 2001 ------------------------------------------------------------------------------------------------------------------------ 1. UNRESTRICTED CASH $ 12,075 $ 11,751 $ 11,751 ------------------------------------------------------------------------------------------------------------------------ 2. RESTRICTED CASH $ 0 $ 0 $ 0 ------------------------------------------------------------------------------------------------------------------------ 3. TOTAL CASH $ 0 $ 12,075 $ 11,751 $ 11,751 ------------------------------------------------------------------------------------------------------------------------ 4. ACCOUNTS RECEIVABLE (NET) $ 41,314,895 $22,034,635 $20,636,684 $17,587,895 ------------------------------------------------------------------------------------------------------------------------ 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 $20,551,297 $14,720,182 $10,694,153 ------------------------------------------------------------------------------------------------------------------------ 9. TOTAL CURRENT ASSETS $143,607,621 $42,598,007 $35,368,617 $28,293,799 ------------------------------------------------------------------------------------------------------------------------ 10. PROPERTY, PLANT & EQUIPMENT $ 2,455,211 $ 4,716,415 $ 4,727,801 $ 4,735,271 ------------------------------------------------------------------------------------------------------------------------ 11. LESS: ACCUMULATED DEPRECIATION / DEPLETION $ 2,806,509 $ 2,858,470 $ 2,906,556 ------------------------------------------------------------------------------------------------------------------------ 12. NET PROPERTY, PLANT & EQUIPMENT $ 2,455,211 $ 1,909,906 $ 1,869,331 $ 1,828,715 ------------------------------------------------------------------------------------------------------------------------ 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 $44,507,913 $37,237,948 $30,122,514 ------------------------------------------------------------------------------------------------------------------------ POSTPETITION LIABILITIES ------------------------------------------------------------------------------------------------------------------------ 17. ACCOUNTS PAYABLE $ 956,496 $ 686,094 $ 427,856 ------------------------------------------------------------------------------------------------------------------------ 18. TAXES PAYABLE $ 684,532 $ 749,994 $ 285,852 ------------------------------------------------------------------------------------------------------------------------ 19. NOTES PAYABLE $ 0 $ 0 $ 0 ------------------------------------------------------------------------------------------------------------------------ 20. PROFESSIONAL FEES $ 0 $ 0 $ 0 ------------------------------------------------------------------------------------------------------------------------ 21. SECURED DEBT $ 0 $ 0 $ 0 ------------------------------------------------------------------------------------------------------------------------ 22. OTHER (ATTACH LIST) ($8,622,072) ($12,797,618) ($16,142,137) ------------------------------------------------------------------------------------------------------------------------ 23. TOTAL POSTPETITION LIABILITIES ($6,981,044) ($11,361,530) ($15,428,429) ------------------------------------------------------------------------------------------------------------------------ PREPETITION LIABILITIES ------------------------------------------------------------------------------------------------------------------------ 24. SECURED DEBT $ 0 $ 0 $ 0 ------------------------------------------------------------------------------------------------------------------------ 25. PRIORITY DEBT $ 496,687 $ 0 $ 0 $ 0 ------------------------------------------------------------------------------------------------------------------------ 26. UNSECURED DEBT $ 78,864,376 $ 5,092,400 $ 5,092,400 $ 5,092,400 ------------------------------------------------------------------------------------------------------------------------ 27. OTHER (ATTACH LIST) $ 4,954,286 $ 4,954,286 $ 4,954,286 ------------------------------------------------------------------------------------------------------------------------ 28. TOTAL PREPETITION LIABILITIES $ 79,361,063 $10,046,686 $10,046,686 $10,046,686 ------------------------------------------------------------------------------------------------------------------------ 29. TOTAL LIABILITIES $ 79,361,063 $ 3,065,642 ($1,314,844) ($5,381,743) ------------------------------------------------------------------------------------------------------------------------ EQUITY ------------------------------------------------------------------------------------------------------------------------ 30. PREPETITION OWNERS' EQUITY $61,741,245 $61,741,245 $61,741,245 ------------------------------------------------------------------------------------------------------------------------ 31. POSTPETITION CUMULATIVE PROFIT OR (LOSS) ($20,298,974) ($23,188,453) ($26,236,988) ------------------------------------------------------------------------------------------------------------------------ 32. DIRECT CHARGES TO EQUITY (ATTACH EXPLANATION) $ 0 $ 0 $ 0 ------------------------------------------------------------------------------------------------------------------------ 33. TOTAL EQUITY $ 0 $41,442,271 $38,552,792 $35,504,257 ------------------------------------------------------------------------------------------------------------------------ 34. TOTAL LIABILITIES & OWNERS' EQUITY $ 79,361,063 $44,507,913 $37,237,948 $30,122,514 ------------------------------------------------------------------------------------------------------------------------ $ 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 JULY, 2001 AUGUST, 2001 SEPTEMBER, 2001 TOTAL ------------------------------------------------------------------------------------------------------------------------------- 1. GROSS REVENUES $ 14,077,707 $ 12,753,521 $ 6,444,605 $ 33,275,833 ------------------------------------------------------------------------------------------------------------------------------- 2. LESS: RETURNS & DISCOUNTS $ 0 $ 0 $ 0 $ 0 ------------------------------------------------------------------------------------------------------------------------------- 3. NET REVENUE $ 14,077,707 $ 12,753,521 $ 6,444,605 $ 33,275,833 ------------------------------------------------------------------------------------------------------------------------------- COST OF GOODS SOLD ------------------------------------------------------------------------------------------------------------------------------- 4. MATERIAL $ 0 $ 0 $ 0 $ 0 ------------------------------------------------------------------------------------------------------------------------------- 5. DIRECT LABOR $ 0 $ 0 $ 0 $ 0 ------------------------------------------------------------------------------------------------------------------------------- 6. DIRECT OVERHEAD $ 0 $ 0 $ 0 $ 0 ------------------------------------------------------------------------------------------------------------------------------- 7. TOTAL COST OF GOODS SOLD $ 0 $ 0 $ 0 $ 0 ------------------------------------------------------------------------------------------------------------------------------- 8. GROSS PROFIT $ 14,077,707 $ 12,753,521 $ 6,444,605 $ 33,275,833 ------------------------------------------------------------------------------------------------------------------------------- OPERATING EXPENSES ------------------------------------------------------------------------------------------------------------------------------- 9. OFFICER / INSIDER COMPENSATION $ 13,333 $ 13,333 $ 13,333 $ 39,999 ------------------------------------------------------------------------------------------------------------------------------- 10. SELLING & MARKETING $ 3,224 $ 5,593 $ 2,692 $ 11,509 ------------------------------------------------------------------------------------------------------------------------------- 11. GENERAL & ADMINISTRATIVE $ 2,522,721 $ 4,800,582 $ 1,659,555 $ 8,982,858 ------------------------------------------------------------------------------------------------------------------------------- 12. RENT & LEASE $ 317,964 $ 277,128 $ 256,560 $ 851,652 ------------------------------------------------------------------------------------------------------------------------------- 13. OTHER (ATTACH LIST) $ 17,121,236 $ 12,040,636 $ 9,167,706 $ 38,329,578 ------------------------------------------------------------------------------------------------------------------------------- 14. TOTAL OPERATING EXPENSES $ 19,978,478 $ 17,137,272 $ 11,099,846 $ 48,215,596 ------------------------------------------------------------------------------------------------------------------------------- 15. INCOME BEFORE NON-OPERATING INCOME & EXPENSE ($5,900,771) ($4,383,751) ($4,655,241) ($14,939,763) ------------------------------------------------------------------------------------------------------------------------------- OTHER INCOME & EXPENSES ------------------------------------------------------------------------------------------------------------------------------- 16. NON-OPERATING INCOME (ATT. LIST) ($39,214) ($420) ($1,065) ($40,699) ------------------------------------------------------------------------------------------------------------------------------- 17. NON-OPERATING EXPENSE (ATT. LIST) $ 0 $ 0 $ 0 $ 0 ------------------------------------------------------------------------------------------------------------------------------- 18. INTEREST EXPENSE $ 335,802 $ 380,505 $ 374,240 $ 1,090,547 ------------------------------------------------------------------------------------------------------------------------------- 19. DEPRECIATION / DEPLETION $ 51,521 $ 51,961 $ 52,230 $ 155,712 ------------------------------------------------------------------------------------------------------------------------------- 20. AMORTIZATION $ 0 $ 0 $ 0 $ 0 ------------------------------------------------------------------------------------------------------------------------------- 21. OTHER (ATTACH LIST) $ 0 $ 0 $ 0 $ 0 ------------------------------------------------------------------------------------------------------------------------------- 22. NET OTHER INCOME & EXPENSES $ 348,109 $ 432,046 $ 425,405 $ 1,205,560 ------------------------------------------------------------------------------------------------------------------------------- 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 ($2,499,551) ($1,926,319) ($2,032,356) ($6,458,226) ------------------------------------------------------------------------------------------------------------------------------- 28. NET PROFIT (LOSS) ($3,749,329) ($2,889,478) ($3,048,540) ($9,687,347) ------------------------------------------------------------------------------------------------------------------------------- $ 0 $ 0 $ 0
================================================================================ -------------------------------------------------------------------------------- Monthly Operating Report --------------------------------------------- CASE NAME: KITTY HAWK CARGO, INC ACCRUAL BASIS-3 --------------------------------------------- --------------------------------------------- CASE NUMBER: 400-42145-BJH-11 02/13/95, RWD, 2/96 ---------------------------------------------
----------------------------------------------------------------------------------------------------------------------- CASH RECEIPTS AND MONTH MONTH MONTH QUARTER ---------------------------------------------------------- DISBURSEMENTS JULY, 2001 AUGUST, 2001 SEPTEMBER, 2001 TOTAL ----------------------------------------------------------------------------------------------------------------------- 1. CASH - BEGINNING OF MONTH ($13,805) $ 12,075 $ 11,751 ($13,805) ----------------------------------------------------------------------------------------------------------------------- RECEIPTS FROM OPERATIONS ----------------------------------------------------------------------------------------------------------------------- 2. CASH SALES $ 0 $ 0 $ 0 $ 0 ----------------------------------------------------------------------------------------------------------------------- COLLECTION OF ACCOUNTS RECEIVABLE ----------------------------------------------------------------------------------------------------------------------- 3. PREPETITION $ 0 $ 0 $ 0 $ 0 ----------------------------------------------------------------------------------------------------------------------- 4. POSTPETITION $ 10,279,143 $ 9,092,820 $ 5,750,438 $ 25,122,401 ----------------------------------------------------------------------------------------------------------------------- 5. TOTAL OPERATING RECEIPTS $ 10,279,143 $ 9,092,820 $ 5,750,438 $ 25,122,401 ----------------------------------------------------------------------------------------------------------------------- NON - OPERATING RECEIPTS ----------------------------------------------------------------------------------------------------------------------- 6. LOANS & ADVANCES (ATTACH LIST) $ 0 $ 0 $ 0 $ 0 ----------------------------------------------------------------------------------------------------------------------- 7. SALE OF ASSETS $ 0 $ 0 $ 0 $ 0 ----------------------------------------------------------------------------------------------------------------------- 8. OTHER (ATTACH LIST) ($10,253,263) ($9,093,144) ($5,750,438) ($25,096,845) ----------------------------------------------------------------------------------------------------------------------- 9. TOTAL NON-OPERATING RECEIPTS ($10,253,263) ($9,093,144) ($5,750,438) ($25,096,845) ----------------------------------------------------------------------------------------------------------------------- 10. TOTAL RECEIPTS $ 25,880 ($324) $ 0 $ 25,556 ----------------------------------------------------------------------------------------------------------------------- 11. TOTAL CASH AVAILABLE $ 12,075 $ 11,751 $ 11,751 $ 11,751 ----------------------------------------------------------------------------------------------------------------------- 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 $ 25,880 ($324) $ 0 $ 25,556 ----------------------------------------------------------------------------------------------------------------------- 33. CASH - END OF MONTH $ 12,075 $ 11,751 $ 11,751 $ 11,751 -----------------------------------------------------------------------------------------------------------------------
================================================================================ -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- 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 JULY, 2001 AUGUST, 2001 SEPTEMBER, 2001 ------------------------------------------------------------------------------------------------------------------------ 1. 0-30 $21,518,319 $17,197,076 $16,432,866 $11,960,956 ------------------------------------------------------------------------------------------------------------------------ 2. 31-60 $14,127,296 $ 497,728 $ 241,179 $ 1,858,715 ------------------------------------------------------------------------------------------------------------------------ 3. 61-90 $ 2,070,404 $ 151,761 $ 295,180 $ 150,121 ------------------------------------------------------------------------------------------------------------------------ 4. 91+ $ 3,598,876 $ 2,883,437 $ 2,882,022 $ 2,882,602 ------------------------------------------------------------------------------------------------------------------------ 5. TOTAL ACCOUNTS RECEIVABLE $41,314,895 $20,730,002 $19,851,247 $16,852,394 ------------------------------------------------------------------------------------------------------------------------ 6. AMOUNT CONSIDERED UNCOLLECTIBLE ------------------------------------------------------------------------------------------------------------------------ 7. ACCOUNT RECEIVABLE (NET) $41,314,895 $20,730,002 $19,851,247 $16,852,394 ------------------------------------------------------------------------------------------------------------------------ -------------------------------------------------- AGING OF POSTPETITION TAXES AND PAYABLES MONTH: SEPTEMBER, 2001 ------------------------------- ------------------------------------------------------------------------------------------------------------------------ 0-30 31-60 61-90 91+ TAXES PAYABLE DAYS DAYS DAYS DAYS TOTAL ------------------------------------------------------------------------------------------------------------------------ 1. FEDERAL $285,852 $285,852 ------------------------------------------------------------------------------------------------------------------------ 2. STATE $ 0 ------------------------------------------------------------------------------------------------------------------------ 3. LOCAL $ 0 ------------------------------------------------------------------------------------------------------------------------ 4. OTHER (ATTACH LIST) $ 0 ------------------------------------------------------------------------------------------------------------------------ 5. TOTAL TAXES PAYABLE $285,852 $ 0 $ 0 $ 0 $285,852 ------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------ 6. ACCOUNTS PAYABLE $327,420 $15,962 $17,191 $67,283 $427,856 ------------------------------------------------------------------------------------------------------------------------ $ 0 ------------------------------------------------ STATUS OF POSTPETITION TAXES MONTH: SEPTEMBER, 2001 ------------------------------ ----------------------------------------------------------------------------------------------------------------------- BEGINNING AMOUNT ENDING TAX WITHHELD AND/ AMOUNT TAX FEDERAL LIABILITY* OR ACCRUED PAID IABILITY ----------------------------------------------------------------------------------------------------------------------- 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) $749,994 $285,852 $749,994 $285,852 ----------------------------------------------------------------------------------------------------------------------- 7. TOTAl FEDERAL TAXES $749,994 $285,852 $749,994 $285,852 ----------------------------------------------------------------------------------------------------------------------- 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 $749,994 $285,852 $749,994 $285,852 -----------------------------------------------------------------------------------------------------------------------
* 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: SEPTEMBER, 2001 -------------------------------------- ------------------------------------------- BANK RECONCILIATIONS Account #1 Account #2 Account #3 ------------------------------------------------------------------------------------------------------------------------- A. BANK: Bank One ----------------------------------------------------------------------------------------------------- B. ACCOUNT NUMBER: 1559691298 TOTAL ----------------------------------------------------------------------------------------------------- C. PURPOSE (TYPE): Operations Account ------------------------------------------------------------------------------------------------------------------------- 1. BALANCE PER BANK STATEMENT $0 $0 ------------------------------------------------------------------------------------------------------------------------- 2. ADD: TOTAL DEPOSITS NOT CREDITED $0 $0 ------------------------------------------------------------------------------------------------------------------------- 3. SUBTRACT: OUTSTANDING CHECKS $0 $0 ------------------------------------------------------------------------------------------------------------------------- 4. OTHER RECONCILING ITEMS $3,251 $3,251 ------------------------------------------------------------------------------------------------------------------------- 5. MONTH END BALANCE PER BOOKS $3,251 $0 $0 $3,251 ------------------------------------------------------------------------------------------------------------------------- 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 $8,500 ------------------------------------------------------------------------------------------------------------------------- ------------------------------------------------------------------------------------------------------------------------- 13. TOTAL CASH - END OF MONTH $11,751 -------------------------------------------------------------------------------------------------------------------------
-------------------------------------------------------------------------------- ------------------------------------------------------- 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: SEPTEMBER, 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 $13,333 $298,165 ---------------------------------------------------------------------- 2. ---------------------------------------------------------------------- 3. ---------------------------------------------------------------------- 4. ---------------------------------------------------------------------- 5. ---------------------------------------------------------------------- 6. TOTAL PAYMENTS TO INSIDERS $13,333 $298,165 ----------------------------------------------------------------------
-------------------------------------------------------------------------------------------------------------------- PROFESSIONALS -------------------------------------------------------------------------------------------------------------------- DATE OF COURT TOTAL ORDER AUTHORIZING AMOUNT AMOUNT TOTAL PAID INCURRED NAME PAYMENT APPROVED PAID TO DATE & UNPAID * -------------------------------------------------------------------------------------------------------------------- 1. SEE KITTY HAWK, INC. MOR - CASE# 00-42141-BJH-11 -------------------------------------------------------------------------------------------------------------------- 2. -------------------------------------------------------------------------------------------------------------------- 3. -------------------------------------------------------------------------------------------------------------------- 4. -------------------------------------------------------------------------------------------------------------------- 5. -------------------------------------------------------------------------------------------------------------------- 6. TOTAL PAYMENTS TO PROFESSIONALS $0 $0 $0 $0 --------------------------------------------------------------------------------------------------------------------
* INCLUDE ALL FEES INCURRED, BOTH APPROVED AND UNAPPROVED ------------------------------------------------------------------------- POSTPETITION STATUS OF SECURED NOTES, LEASES PAYABLE AND ADEQUATE PROTECTION PAYMENTS -------------------------------------------------------------------------
---------------------------------------------------------------------------------------------- SCHEDULED AMOUNTS MONTHLY PAID TOTAL PAYMENTS DURING UNPAID NAME OF CREDITOR DUE MONTH POSTPETITION --------------------------------------------------------------------------------------------- 1. National City Bank & Ft Wayne - Allen County $184,377 $184,377 $0 --------------------------------------------------------------------------------------------- 2. Ridgely - City of Philadelphia - PHL $26,274 $26,274 $0 --------------------------------------------------------------------------------------------- 3. Continental Airlines - EWR $21,762 $21,762 $0 --------------------------------------------------------------------------------------------- 4. City of Los Angeles - LAX $5,334 $5,334 $0 --------------------------------------------------------------------------------------------- 5. Airport Group Int'l - ATL $11,200 $11,200 $0 --------------------------------------------------------------------------------------------- 6. TOTAL $248,947 $248,947 $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: SEPTEMBER, 2001 -------------------
---------------------------------- QUESTIONNAIRE ----------------------------------------------------------------------------------------------------------------------- YES NO ----------------------------------------------------------------------------------------------------------------------- 1. HAVE ANY ASSETS BEEN SOLD OR TRANSFERRED OUTSIDE THE NORMAL COURSE X OF BUSINESS THIS REPORTING PERIOD? ----------------------------------------------------------------------------------------------------------------------- 2. HAVE ANY FUNDS BEEN DISBURSED FROM ANY ACCOUNT OTHER THAN A DEBTOR X IN POSSESSION ACCOUNT? ----------------------------------------------------------------------------------------------------------------------- 3. ARE ANY POSTPETITION RECEIVABLES (ACCOUNTS, NOTES, OR LOANS) DUE X FROM RELATED PARTIES? ----------------------------------------------------------------------------------------------------------------------- 4. HAVE ANY PAYMENTS BEEN MADE ON PREPETITION LIABILITIES THIS X PREPORTING ERIOD? ----------------------------------------------------------------------------------------------------------------------- 5. HAVE ANY POSTPETITION LOANS BEEN RECEIVED BY THE DEBTOR FROM ANY X PARTY? ----------------------------------------------------------------------------------------------------------------------- 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 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: SEPTEMBER, 2001 ---------------------------
----------------------------------------------------------------------------------------------------------------------- ACCRUAL BASIS LINE FORM NUMBER NUMBER FOOTNOTE / EXPLANATION ----------------------------------------------------------------------------------------------------------------------- ----------------------------------------------------------------------------------------------------------------------- ----------------------------------------------------------------------------------------------------------------------- 6 All Professional fees related to the Reorganization of the ----------------------------------------------------------------------------------------------------------------------- Company are disbursed out of Kitty Hawk, Inc. (Parent ----------------------------------------------------------------------------------------------------------------------- Company). Refer to Case # 400-42141 ----------------------------------------------------------------------------------------------------------------------- ----------------------------------------------------------------------------------------------------------------------- 7 All insurance plans related to the Company are carried ----------------------------------------------------------------------------------------------------------------------- at Kitty Hawk, Inc. (Parent Company). Refer to Case # ----------------------------------------------------------------------------------------------------------------------- 400-42141. ----------------------------------------------------------------------------------------------------------------------- ----------------------------------------------------------------------------------------------------------------------- ----------------------------------------------------------------------------------------------------------------------- 3 3 The current general ledger system is not able to provide a detail of ----------------------------------------------------------------------------------------------------------------------- customer cash receipts segregated by prepetion accounts receivable ----------------------------------------------------------------------------------------------------------------------- and post petition accounts receivable. Therefore, cash receipts ----------------------------------------------------------------------------------------------------------------------- is provided in total for the month. ----------------------------------------------------------------------------------------------------------------------- ----------------------------------------------------------------------------------------------------------------------- ----------------------------------------------------------------------------------------------------------------------- 3 8 All cash received into the Company cash accounts is swept ----------------------------------------------------------------------------------------------------------------------- each night to Kitty Hawk, Inc. Master Account (see Case ----------------------------------------------------------------------------------------------------------------------- #400-42141). ----------------------------------------------------------------------------------------------------------------------- ----------------------------------------------------------------------------------------------------------------------- 3 31 All disbursements (either by wire transfer or check), including payroll are ----------------------------------------------------------------------------------------------------------------------- disbursed out of the Kitty Hawk, Inc. controlled disbursement ----------------------------------------------------------------------------------------------------------------------- account. ----------------------------------------------------------------------------------------------------------------------- ----------------------------------------------------------------------------------------------------------------------- 4 6 All assessment of uncollectible accounts receivable are done ----------------------------------------------------------------------------------------------------------------------- at Kitty Hawk, Inc. Refer to Case #400-4214. All reserves ----------------------------------------------------------------------------------------------------------------------- are recorded at Inc. and pushed down to Inc.'s subsidiaries ----------------------------------------------------------------------------------------------------------------------- as deemed necessary. ----------------------------------------------------------------------------------------------------------------------- ----------------------------------------------------------------------------------------------------------------------- 4 7 The A/R aging does not reconcile to the general ledger due to historical ----------------------------------------------------------------------------------------------------------------------- system problems. In addition, A/R aging is for Trade A/R only. ----------------------------------------------------------------------------------------------------------------------- ----------------------------------------------------------------------------------------------------------------------- 4 6 Accounts payable on the aging are in the 60 and 90 day categories due to wire ----------------------------------------------------------------------------------------------------------------------- transfers sent as prepayment on Kitty Hawk Inc. (Case #400-42141) A/P ----------------------------------------------------------------------------------------------------------------------- aging and invoices on Kitty Hawk Cargo Aging. Company is working on ----------------------------------------------------------------------------------------------------------------------- clearing these items. ----------------------------------------------------------------------------------------------------------------------- ----------------------------------------------------------------------------------------------------------------------- 4 1 Status of Postpetition Taxes - Kitty Hawk Cargo Payroll was transferred to ----------------------------------------------------------------------------------------------------------------------- Aircargo's payroll in January, 2001 (case #00-42142-BJH-11) ----------------------------------------------------------------------------------------------------------------------- ----------------------------------------------------------------------------------------------------------------------- 6 Insiders Payments to insiders include a portion of the Court approved retention ----------------------------------------------------------------------------------------------------------------------- payments in the month of January. ----------------------------------------------------------------------------------------------------------------------- ----------------------------------------------------------------------------------------------------------------------- 6 Leases EWR station & Lessor was changed to Continental; ATL rent paid 8/30, G/L 9/01 ----------------------------------------------------------------------------------------------------------------------- ----------------------------------------------------------------------------------------------------------------------- -----------------------------------------------------------------------------------------------------------------------
CASE NAME: KITTY HAWK CARGO, INC CASE NUMBER: 400-42145-BJH-11 Details of Other Items SEPTEMBER, 2001 ACCRUAL BASIS-1 8. OTHER (ATTACH LIST) $ 10,694,153 Reported ----------------------- Net of all I/C Accts Receivable/Payable 7,698,251 Intangibles - Other 154,458 Note Receivable - AFL 2,499,195 Deposits 342,249 ----------------------- 10,694,153 Detail ----------------------- - Difference ----------------------- 22. OTHER (ATTACH LIST) $ (16,142,137)Reported ----------------------- Accrued Liabilities 1,434,407 Accrued Salaries & PR Taxes - Less: FET Taxes Payable (Line 18) 285,852 Post-petition Fed Inc Tax (17,862,396) ----------------------- *** FET recorded in Taxes Payable (16,142,137)Detail ----------------------- - Difference ----------------------- 27. OTHER (ATTACH LIST) $ 4,954,286 Reported ----------------------- Pre-petition Fed Inc Tax 4,018,643 Pre-petition Deposits 479,840 Pre-petition Taxes Other - Pre-petition Accrued Liabilities 455,803 ----------------------- 4,954,286 Detail ----------------------- - Difference ----------------------- ACCRUAL BASIS-2 13. OTHER (ATTACH LIST) $ 9,167,706 Reported ----------------------- Aircraft Costs 334,079 I/C Aircraft Costs (KHA) 5,125,963 KHC Ground Handling (Operations Payroll) 613,495 Outstation Ground Handling 741,352 Trucking Costs 368,703 Fuel 1,903,680 Contract Labor - Other 80,434 ----------------------- 9,167,706 Detail ----------------------- - Difference ACCRUAL BASIS-3 8. OTHER (ATTACH LIST) (5,750,438)Reported ----------------------- Transfer to Inc - all money sweeps (5,750,438)Detail ----------------------- to KH Inc. Case #400-42141 - Difference ----------------------- ACCRUAL BASIS-4 6. OTHER (ATTACH LIST) 1,035,846 Reported ----------------------- FET (720) 8/01-15/01 Pd 9/12 364,628 FET (720) 8/16-31/01 Pd 9/26 371,672 FET (720) 9/01-11/01 Pd 9/28 128,667 FET (720) Refunds - Reconciling Items 13,694 FET (720) 9/12-30/01 285,852 ----------------------- 1,164,513 Detail ----------------------- - Difference -----------------------
EX-99.6 8 dex996.txt MONTHLY OPERATING REPORT - O.K. TURBINES, INC. 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: SEPTEMBER 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 10/19/2001 ------------------------------------------------------- ----------------------------------- PRINTED NAME OF RESPONSIBLE PARTY DATE PREPARER: /s/ Jessica L. Wilson Chief Accounting Officer ------------------------------------------------------- ----------------------------------- ORIGINAL SIGNATURE OF PREPARER TITLE Jessica L. Wilson 10/19/2001 ------------------------------------------------------- ----------------------------------- PRINTED NAME OF PREPARER DATE
------------------------------------------------------------------------------ Monthly Operating Report ----------------------------------------- CASE NAME: OK Turbines, Inc. ACCRUAL BASIS-1 ----------------------------------------- ----------------------------------------- CASE NUMBER: 400-42146-BJH-11 02/13/95, RWD, 2/96 -----------------------------------------
------------------------------------------------------ COMPARATIVE BALANCE SHEET ------------------------------------------------------------------------------------------------------------- SCHEDULE MONTH MONTH MONTH ----------------------------------------------- ASSETS AMOUNT July 2001 August 2001 September 2001 ------------------------------------------------------------------------------------------------------------- 1. UNRESTRICTED CASH $ 299,835 $ 301,181 $ 353,847 $ 438,270 ------------------------------------------------------------------------------------------------------------- 2. RESTRICTED CASH $ 0 $ 0 $ 0 $ 0 ------------------------------------------------------------------------------------------------------------- 3. TOTAL CASH $ 299,835 $ 301,181 $ 353,847 $ 438,270 ------------------------------------------------------------------------------------------------------------- 4. ACCOUNTS RECEIVABLE (NET) $ 569,077 $ 438,363 $ 586,119 $ 580,361 ------------------------------------------------------------------------------------------------------------- 5. INVENTORY $4,135,448 $4,585,650 $4,517,885 $4,521,398 ------------------------------------------------------------------------------------------------------------- 6. NOTES RECEIVABLE $ 0 $ 0 $ 0 $ 0 ------------------------------------------------------------------------------------------------------------- 7. PREPAID EXPENSES $ 0 $ 0 $ 0 $ 0 ------------------------------------------------------------------------------------------------------------- 8. OTHER (ATTACH LIST) $ 30,000 ($684,603) ($664,710) ($709,450) ------------------------------------------------------------------------------------------------------------- 9. TOTAL CURRENT ASSETS $5,034,360 $4,640,591 $4,793,141 $4,830,579 ------------------------------------------------------------------------------------------------------------- 10. PROPERTY, PLANT & EQUIPMENT $ 474,012 $ 612,929 $ 612,929 $ 612,929 ------------------------------------------------------------------------------------------------------------- 11. LESS: ACCUMULATED DEPRECIATION / DEPLETION $ 0 $ 156,253 $ 160,691 $ 165,129 ------------------------------------------------------------------------------------------------------------- 12. NET PROPERTY, PLANT & EQUIPMENT $ 474,012 $ 456,676 $ 452,238 $ 447,800 ------------------------------------------------------------------------------------------------------------- 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 $5,097,267 $5,245,379 $5,278,379 ------------------------------------------------------------------------------------------------------------- POSTPETITION LIABILITIES ------------------------------------------------------------------------------------------------------------- 17. ACCOUNTS PAYABLE $ 29,765 $ 8,941 $ 9,615 ------------------------------------------------------------------------------------------------------------- 18. TAXES PAYABLE $ 7,872 $ 7,872 $ 7,872 ------------------------------------------------------------------------------------------------------------- 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 $ 37,637 $ 16,813 $ 17,487 ------------------------------------------------------------------------------------------------------------- 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 $ 559,834 $ 539,010 $ 539,684 ------------------------------------------------------------------------------------------------------------- EQUITY ------------------------------------------------------------------------------------------------------------- 30. PREPETITION OWNERS' EQUITY $3,790,619 $3,790,619 $3,790,619 ------------------------------------------------------------------------------------------------------------- 31. POSTPETITION CUMULATIVE PROFIT OR (LOSS) $ 746,814 $ 915,750 $ 948,076 ------------------------------------------------------------------------------------------------------------- 32. DIRECT CHARGES TO EQUITY (ATTACH EXPLANATION) ------------------------------------------------------------------------------------------------------------- 33. TOTAL EQUITY $ 0 $4,537,433 $4,706,369 $4,738,695 ------------------------------------------------------------------------------------------------------------- 34. TOTAL LIABILITIES & OWNERS' EQUITY $ 521,822 $5,097,267 $5,245,379 $5,278,379 -------------------------------------------------------------------------------------------------------------
-------------------------------------------------------------------------------- ================================================================================ 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 July 2001 August 2001 September 2001 TOTAL ----------------------------------------------------------------------------------------------------------- 1. GROSS REVENUES $ 215,392 $ 431,510 $ 211,868 $ 858,770 ----------------------------------------------------------------------------------------------------------- 2. LESS: RETURNS & DISCOUNTS $ 0 $ 0 $ 0 $ 0 ----------------------------------------------------------------------------------------------------------- 3. NET REVENUE $ 215,392 $ 431,510 $ 211,868 $ 858,770 ----------------------------------------------------------------------------------------------------------- COST OF GOODS SOLD ----------------------------------------------------------------------------------------------------------- 4. MATERIAL $ 103,904 $ 167,277 $ 100,682 $ 371,863 ----------------------------------------------------------------------------------------------------------- 5. DIRECT LABOR $ 40,763 $ 41,622 $ 34,869 $ 117,254 ----------------------------------------------------------------------------------------------------------- 6. DIRECT OVERHEAD $ 4,010 $ 7,578 $ 7,332 $ 18,920 ----------------------------------------------------------------------------------------------------------- 7. TOTAL COST OF GOODS SOLD $ 148,677 $ 216,477 $ 142,883 $ 508,037 ----------------------------------------------------------------------------------------------------------- 8. GROSS PROFIT $ 66,715 $ 215,033 $ 68,985 $ 350,733 ----------------------------------------------------------------------------------------------------------- OPERATING EXPENSES ----------------------------------------------------------------------------------------------------------- 9. OFFICER / INSIDER COMPENSATION $ 4,615 $ 4,615 $ 4,615 $ 13,845 ----------------------------------------------------------------------------------------------------------- 10. SELLING & MARKETING $ 667 $ 291 $ 771 $ 1,729 ----------------------------------------------------------------------------------------------------------- 11. GENERAL & ADMINISTRATIVE $ 32,969 $ 33,634 $ 20,318 $ 86,921 ----------------------------------------------------------------------------------------------------------- 12. RENT & LEASE $ 3,019 $ 3,119 $ 2,766 $ 8,904 ----------------------------------------------------------------------------------------------------------- 13. OTHER (ATTACH LIST) ($1,142) $ 0 $ 0 ($1,142) ----------------------------------------------------------------------------------------------------------- 14. TOTAL OPERATING EXPENSES $ 40,128 $ 41,659 $ 28,470 $ 110,257 ----------------------------------------------------------------------------------------------------------- 15. INCOME BEFORE NON-OPERATING INCOME & EXPENSE $ 26,587 $ 173,374 $ 40,515 $ 240,476 ----------------------------------------------------------------------------------------------------------- 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 $ 4,438 $ 4,438 $ 4,438 $ 13,314 ----------------------------------------------------------------------------------------------------------- 20. AMORTIZATION $ 0 $ 0 $ 0 $ 0 ----------------------------------------------------------------------------------------------------------- 21. OTHER (ATTACH LIST) $ 0 $ 0 $ 0 $ 0 ----------------------------------------------------------------------------------------------------------- 22. NET OTHER INCOME & EXPENSES $ 4,438 $ 4,438 $ 4,438 $ 13,314 ----------------------------------------------------------------------------------------------------------- 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) $ 22,149 $ 168,936 $ 32,327 $ 223,412 -----------------------------------------------------------------------------------------------------------
================================================================================ -------------------------------------------------------------------------------- Monthly Operating Report -------------------------------------- CASE NAME: OK Turbines, Inc. ACCRUAL BASIS-3 -------------------------------------- -------------------------------------- CASE NUMBER: 400-42146-BJH-11 02/13/95, RWD, 2/96 --------------------------------------
------------------------------------------------------------------------------------------------------------------- CASH RECEIPTS AND MONTH MONTH MONTH QUARTER ----------------------------------------------------- DISBURSEMENTS July 2001 August 2001 September 2001 TOTAL ------------------------------------------------------------------------------------------------------------------- 1. CASH - BEGINNING OF MONTH $ 295,494 $ 301,181 $ 353,847 $ 295,494 ------------------------------------------------------------------------------------------------------------------- RECEIPTS FROM OPERATIONS ------------------------------------------------------------------------------------------------------------------- 2. CASH SALES $ 0 $ 0 $ 0 $ 0 ------------------------------------------------------------------------------------------------------------------- COLLECTION OF ACCOUNTS RECEIVABLE ------------------------------------------------------------------------------------------------------------------- 3. PREPETITION $ 500 $ 0 $ 0 $ 500 ------------------------------------------------------------------------------------------------------------------- 4. POSTPETITION $ 315,010 $ 297,178 $ 225,700 $ 837,888 ------------------------------------------------------------------------------------------------------------------- 5. TOTAL OPERATING RECEIPTS $ 315,510 $ 297,178 $ 225,700 $ 838,388 ------------------------------------------------------------------------------------------------------------------- NON - OPERATING RECEIPTS ------------------------------------------------------------------------------------------------------------------- 6. LOANS & ADVANCES (ATTACH LIST) $ 0 $ 0 $ 0 $ 0 ------------------------------------------------------------------------------------------------------------------- 7. SALE OF ASSETS $ 0 $ 0 $ 0 $ 0 ------------------------------------------------------------------------------------------------------------------- 8. OTHER (ATTACH LIST) $ 1,163 $ 327 $ 2,350 $ 3,840 ------------------------------------------------------------------------------------------------------------------- 9. TOTAL NON-OPERATING RECEIPTS $ 1,163 $ 327 $ 2,350 $ 3,840 ------------------------------------------------------------------------------------------------------------------- 10. TOTAL RECEIPTS $ 316,673 $ 297,505 $ 228,050 $ 842,228 ------------------------------------------------------------------------------------------------------------------- 11. TOTAL CASH AVAILABLE $ 612,167 $ 598,686 $ 581,897 $ 1,137,722 ------------------------------------------------------------------------------------------------------------------- OPERATING DISBURSEMENTS ------------------------------------------------------------------------------------------------------------------- 12. NET PAYROLL $ 109,875 $ 44,499 $ 44,828 $ 199,202 ------------------------------------------------------------------------------------------------------------------- 13. PAYROLL TAXES PAID $ 8,303 $ 3,377 $ 0 $ 11,680 ------------------------------------------------------------------------------------------------------------------- 14. SALES, USE & OTHER TAXES PAID $ 0 $ 8,116 $ 0 $ 8,116 ------------------------------------------------------------------------------------------------------------------- 15. SECURED / RENTAL / LEASES $ 2,944 $ 3,121 $ 2,989 $ 9,054 ------------------------------------------------------------------------------------------------------------------- 16. UTILITIES $ 3,090 $ 4,650 $ 2,114 $ 9,854 ------------------------------------------------------------------------------------------------------------------- 17. INSURANCE $ 0 $ 0 $ 0 $ 0 ------------------------------------------------------------------------------------------------------------------- 18. INVENTORY PURCHASES $ 95,817 $ 75,062 $ 21,077 $ 191,956 ------------------------------------------------------------------------------------------------------------------- 19. VEHICLE EXPENSES $ 0 $ 0 $ 0 $ 0 ------------------------------------------------------------------------------------------------------------------- 20. TRAVEL $ 13 $ 3,758 $ 3,844 $ 7,615 ------------------------------------------------------------------------------------------------------------------- 21. ENTERTAINMENT $ 229 $ 161 $ 168 $ 558 ------------------------------------------------------------------------------------------------------------------- 22. REPAIRS & MAINTENANCE $ 65,540 $ 66,595 $ 55,188 $ 187,323 ------------------------------------------------------------------------------------------------------------------- 23. SUPPLIES $ 4,122 $ 2,047 $ 2,104 $ 8,273 ------------------------------------------------------------------------------------------------------------------- 24. ADVERTISING $ 499 $ 679 $ 771 $ 1,949 ------------------------------------------------------------------------------------------------------------------- 25. OTHER (ATTACH LIST) $ 16,804 $ 32,774 $ 10,544 $ 60,122 ------------------------------------------------------------------------------------------------------------------- 26. TOTAL OPERATING DISBURSEMENTS $ 307,236 $ 244,839 $ 143,627 $ 695,702 ------------------------------------------------------------------------------------------------------------------- REORGANIZATION EXPENSES ------------------------------------------------------------------------------------------------------------------- 27. PROFESSIONAL FEES $ 0 $ 0 $ 0 $ 0 ------------------------------------------------------------------------------------------------------------------- 28. U.S. TRUSTEE FEES $ 3,750 $ 0 $ 0 $ 3,750 ------------------------------------------------------------------------------------------------------------------- 29. OTHER (ATTACH LIST) $ 0 $ 0 $ 0 $ 0 ------------------------------------------------------------------------------------------------------------------- 30. TOTAL REORGANIZATION EXPENSES $ 3,750 $ 0 $ 0 $ 3,750 ------------------------------------------------------------------------------------------------------------------- 31. TOTAL DISBURSEMENTS $ 310,986 $ 244,839 $ 143,627 $ 699,452 ------------------------------------------------------------------------------------------------------------------- 32. NET CASH FLOW $ 5,687 $ 52,666 $ 84,423 $ 142,776 ------------------------------------------------------------------------------------------------------------------- 33. CASH - END OF MONTH $ 301,181 $ 353,847 $ 438,270 $ 438,270 -------------------------------------------------------------------------------------------------------------------
================================================================================ -------------------------------------------------------------------------------- ================================================================================ 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 July 2001 August 2001 September 2001 ---------------------------------------------------------------------------------------------------------------- 1. 0-30 $154,930 $286,813 $181,509 ---------------------------------------------------------------------------------------------------------------- 2. 31-60 $110,778 $ 96,640 $190,413 ---------------------------------------------------------------------------------------------------------------- 3. 61-90 $ 41,567 $ 54,035 $ 39,928 ---------------------------------------------------------------------------------------------------------------- 4. 91+ $131,088 $148,631 $168,511 ---------------------------------------------------------------------------------------------------------------- 5. TOTAL ACCOUNTS RECEIVABLE $ 0 $438,363 $586,119 $580,361 ---------------------------------------------------------------------------------------------------------------- 6. AMOUNT CONSIDERED UNCOLLECTIBLE $ 0 $ 0 $ 0 ---------------------------------------------------------------------------------------------------------------- 7. ACCOUNTS RECEIVABLE (NET) $ 0 $438,363 $586,119 $580,361 ---------------------------------------------------------------------------------------------------------------- -------------------------------------------------------- AGING OF POSTPETITION TAXES AND PAYABLES MONTH: September 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 $9,640 ($25) $ 0 $ 0 $ 9,615 ---------------------------------------------------------------------------------------------------------------- ------------------------------------------ STATUS OF POSTPETITION TAXES MONTH: September 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 $7,871 $ 0 $ 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 $7,871 $ 0 $ 0 $ 7,871 ---------------------------------------------------------------------------------------------------------------- 16. TOTAL TAXES $7,871 $ 0 $ 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: September 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 $459,681 $ 0 $ 0 $459,681 ------------------------------------------------------------------------------------------------------------------------ 2. ADD: TOTAL DEPOSITS NOT CREDITED $ 0 $ 0 $ 0 $ 0 ------------------------------------------------------------------------------------------------------------------------ 3. SUBTRACT: OUTSTANDING CHECKS $ 21,548 $ 0 $ 0 $ 21,548 ------------------------------------------------------------------------------------------------------------------------ 4. OTHER RECONCILING ITEMS $ 0 $ 0 $ 0 $ 0 ------------------------------------------------------------------------------------------------------------------------ 5. MONTH END BALANCE PER BOOKS $438,133 $ 0 $ 0 $438,133 ------------------------------------------------------------------------------------------------------------------------ 6. NUMBER OF LAST CHECK WRITTEN 6823 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 $ 137 ------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------ 13. TOTAL CASH - END OF MONTH $438,270 ------------------------------------------------------------------------------------------------------------------------
-------------------------------------------------------------------------------- -------------------------------------------------------------------------------- Monthly Operating Report ---------------------------------------- CASE NAME: OK Turbines, Inc. ACCRUAL BASIS-6 ---------------------------------------- ---------------------------------------- CASE NUMBER: 400-42146-BJH-11 02/13/95, RWD, 2/96 ---------------------------------------- MONTH: September 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 $ 5,509 $ 33,995 ------------------------------------------------------------------ 2. GREGG NIMMO Salary $ 4,615 $105,287 ------------------------------------------------------------------ 3. ------------------------------------------------------------------ 4. ------------------------------------------------------------------ 5. ------------------------------------------------------------------ 6. TOTAL PAYMENTS TO INSIDERS $10,124 $139,282 ------------------------------------------------------------------
--------------------------------------------------------------------------------------------- PROFESSIONALS --------------------------------------------------------------------------------------------- DATE OF COURT TOTAL ORDER AUTHORIZING AMOUNT AMOUNT TOTAL PAID INCURRED NAME PAYMENT APPROVED PAID TO DATE & UNPAID * --------------------------------------------------------------------------------------------- 1. N/A --------------------------------------------------------------------------------------------- 2. N/A --------------------------------------------------------------------------------------------- 3. N/A --------------------------------------------------------------------------------------------- 4. N/A --------------------------------------------------------------------------------------------- 5. N/A --------------------------------------------------------------------------------------------- 6. TOTAL PAYMENTS TO PROFESSIONALS $ 0 $ 0 $ 0 $ 0 ---------------------------------------------------------------------------------------------
* INCLUDE ALL FEES INCURRED, BOTH APPROVED AND UNAPPROVED ------------------------------------------------------------------- POSTPETITION STATUS OF SECURED NOTES, LEASES PAYABLE AND ADEQUATE PROTECTION PAYMENTS -------------------------------------------------------------------
------------------------------------------------------------------------------- SCHEDULED AMOUNTS MONTHLY PAID TOTAL PAYMENTS DURING UNPAID NAME OF CREDITOR DUE MONTH POSTPETITION ------------------------------------------------------------------------------- 1. City of Hollister - Building Rent $2,395 $2,334 $ 0 ------------------------------------------------------------------------------- 2. Other various $ 371 $ 0 ------------------------------------------------------------------------------- 3. N/A ------------------------------------------------------------------------------- 4. N/A ------------------------------------------------------------------------------- 5. N/A ------------------------------------------------------------------------------- 6. TOTAL $2,395 $2,705 $ 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: September 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: September 2001 ------------------------------------
-------------------------------------------------------------------------------------------------- ACCRUAL BASIS LINE FORM NUMBER NUMBER FOOTNOTE / EXPLANATION -------------------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------------------- 3 12 All payroll is paid out of Kitty Hawk Charters, Inc. (Case #400- -------------------------------------------------------------------------------------------------- 13 42142) and allocated to the Company. Related payroll -------------------------------------------------------------------------------------------------- taxes are disbursed out of and reported at KH Charters. -------------------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------------------- 6 All Professional fees related to the Reorganization of the -------------------------------------------------------------------------------------------------- Company are disbursed out of Kitty Hawk, Inc. (Parent -------------------------------------------------------------------------------------------------- Company). Refer to Case # 400-42141 -------------------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------------------- 7 All insurance plans related to the Company are carried -------------------------------------------------------------------------------------------------- at Kitty Hawk, Inc. (Parent Company). Refer to Case # -------------------------------------------------------------------------------------------------- 400-42141. -------------------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------------------- --------------------------------------------------------------------------------------------------
================================================================================ CASE NAME: OK Turbines, Inc. CASE NUMBER: 400-42146-BJH-11 Details of Other Items ACCRUAL BASIS-1 September 2001 8. OTHER (ATTACH LIST) $ (709,450) Reported --------------------- Intercompany Receivables (750,195) Misc - Security Deposit 40,745 --------------------- (709,450) Detail --------------------- - Difference ACCRUAL BASIS-2 13. OTHER (ATTACH LIST) $ - Reported --------------------- Bad Debt expense - --------------------- - Detail --------------------- - Difference ACCRUAL BASIS-3 8. OTHER (ATTACH LIST) $ 2,350 Reported --------------------- Recover NSF - Refunds 2,350 --------------------- 2,350 Detail --------------------- - Difference 25. OTHER (ATTACH LIST) 10,544 Reported --------------------- Freight 4,171 Fuel 910 Outside Services 575 Petty Cash (11) Refunds 250 Subscription 4,649 --------------------- 10,544 Detail --------------------- - Difference EX-99.7 9 dex997.txt MONTHLY OPERATING REPORT- LONGHORN SOLUTIONS, INC. 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: SEPTEMBER 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 10/19/2001 ------------------------------------------------- -------------------------------------- PRINTED NAME OF RESPONSIBLE PARTY DATE PREPARER: /s/ Jessica L. Wilson Chief Accounting Officer ------------------------------------------------- -------------------------------------- ORIGINAL SIGNATURE OF PREPARER TITLE Jessica L. Wilson 10/19/2001 ------------------------------------------------- -------------------------------------- PRINTED NAME OF PREPARER DATE --------------------------------------------------------------------------------------------------
-------------------------------------------------------------------------------- Monthly Operating Report -------------------------------------- CASE NAME: Longhorn Solutions, Inc. ACCRUAL BASIS-1 -------------------------------------- -------------------------------------- CASE NUMBER: 400-42147-BJH-11 02/13/95, RWD, 2/96 --------------------------------------
-------------------------------------- COMPARATIVE BALANCE SHEET --------------------------------------------------------------------------------------------------------------------- SCHEDULE MONTH MONTH MONTH ---------------------------------------------------------- ASSETS AMOUNT July 2001 August 2001 September 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 $ 755,288 $ 755,288 $ 755,038 --------------------------------------------------------------------------------------------------------------------- 9. TOTAL CURRENT ASSETS $ 454,785 $ 758,889 $ 758,889 $ 758,639 --------------------------------------------------------------------------------------------------------------------- 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 $3,481,987 $ 3,481,987 $3,481,737 --------------------------------------------------------------------------------------------------------------------- POSTPETITION LIABILITIES --------------------------------------------------------------------------------------------------------------------- 17. ACCOUNTS PAYABLE $ 0 $ 0 $ 0 --------------------------------------------------------------------------------------------------------------------- 18. TAXES PAYABLE ($164) ($164) ($164) --------------------------------------------------------------------------------------------------------------------- 19. NOTES PAYABLE $ 0 $ 0 $ 0 --------------------------------------------------------------------------------------------------------------------- 20. PROFESSIONAL FEES $ 0 $ 0 $ 0 --------------------------------------------------------------------------------------------------------------------- 21. SECURED DEBT $ 0 $ 0 $ 0 --------------------------------------------------------------------------------------------------------------------- 22. OTHER (ATTACH LIST) $ 0 $ 0 $ 0 --------------------------------------------------------------------------------------------------------------------- 23. TOTAL POSTPETITION LIABILITIES ($164) ($164) ($164) --------------------------------------------------------------------------------------------------------------------- PREPETITION LIABILITIES --------------------------------------------------------------------------------------------------------------------- 24. SECURED DEBT $ 0 $ 0 $ 0 --------------------------------------------------------------------------------------------------------------------- 25. PRIORITY DEBT $ 73,455 $ 0 $ 0 $ 0 --------------------------------------------------------------------------------------------------------------------- 26. UNSECURED DEBT $ 68,502 $ 62,673 $ 62,673 $ 62,673 --------------------------------------------------------------------------------------------------------------------- 27. OTHER (ATTACH LIST) $1,225,717 $ 1,225,717 $1,225,717 --------------------------------------------------------------------------------------------------------------------- 28. TOTAL PREPETITION LIABILITIES $ 141,957 $1,288,390 $ 1,288,390 $1,288,390 --------------------------------------------------------------------------------------------------------------------- 29. TOTAL LIABILITIES $ 141,957 $1,288,226 $ 1,288,226 $1,288,226 --------------------------------------------------------------------------------------------------------------------- EQUITY --------------------------------------------------------------------------------------------------------------------- 30. PREPETITION OWNERS' EQUITY $2,194,261 $ 2,194,261 $2,194,261 --------------------------------------------------------------------------------------------------------------------- 31. POSTPETITION CUMULATIVE PROFIT OR (LOSS) ($500) ($500) ($750) --------------------------------------------------------------------------------------------------------------------- 32. DIRECT CHARGES TO EQUITY (ATTACH EXPLANATION) --------------------------------------------------------------------------------------------------------------------- 33. TOTAL EQUITY $ 0 $2,193,761 $ 2,193,761 $2,193,511 --------------------------------------------------------------------------------------------------------------------- 34. TOTAL LIABILITIES & OWNERS' EQUITY $ 141,957 $3,481,987 $ 3,481,987 $3,481,737 ---------------------------------------------------------------------------------------------------------------------
-------------------------------------------------------------------------------- ================================================================================ 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 July 2001 August 2001 September 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 ---------------------------------------------- -------------------------------------------------------------------------------------------------------------------------- CASH RECEIPTS AND MONTH MONTH MONTH QUARTER ------------------------------------------------------------ DISBURSEMENTS July 2001 August 2001 September 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 July 2001 August 2001 September 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: September 2001 ---------------------------- ------------------------------------------------------------------------------------------------------------------------- 0-30 31-60 61-90 91+ TAXES PAYABLE DAYS DAYS DAYS DAYS TOTAL ------------------------------------------------------------------------------------------------------------------------- 1. FEDERAL $ 0 $ 0 $ 0 $ 0 $ 0 ------------------------------------------------------------------------------------------------------------------------- 2. STATE ($164) $ 0 $ 0 $ 0 $164) ------------------------------------------------------------------------------------------------------------------------- 3. LOCAL $ 0 $ 0 $ 0 $ 0 $ 0 ------------------------------------------------------------------------------------------------------------------------- 4. OTHER (ATTACH LIST) $ 0 $ 0 $ 0 $ 0 $ 0 ------------------------------------------------------------------------------------------------------------------------- 5. TOTAL TAXES PAYABLE ($164) $ 0 $ 0 $ 0 ($164) ------------------------------------------------------------------------------------------------------------------------- ------------------------------------------------------------------------------------------------------------------------- 6. ACCOUNTS PAYABLE $ 0 $ 0 $ 0 $ 0 $ 0 ------------------------------------------------------------------------------------------------------------------------- -------------------------------------- STATUS OF POSTPETITION TAXES MONTH: September 2001 ------------------------- ------------------------------------------------------------------------------------------------------------------------ BEGINNING AMOUNT ENDING TAX WITHHELD AND/ AMOUNT TAX FEDERAL LIABILITY* OR ACCRUED PAID LIABILITY ------------------------------------------------------------------------------------------------------------------------ 1. WITHHOLDING** $ 0 $ 0 $ 0 $ 0 ------------------------------------------------------------------------------------------------------------------------ 2. FICA-EMPLOYEE** $ 0 $ 0 $ 0 $ 0 ------------------------------------------------------------------------------------------------------------------------ 3. FICA-EMPLOYER** $ 0 $ 0 $ 0 $ 0 ------------------------------------------------------------------------------------------------------------------------ 4. UNEMPLOYMENT $ 0 $ 0 $ 0 $ 0 ------------------------------------------------------------------------------------------------------------------------ 5. INCOME $ 0 $ 0 $ 0 $ 0 ------------------------------------------------------------------------------------------------------------------------ 6. OTHER (ATTACH LIST) $ 0 $ 0 $ 0 $ 0 ------------------------------------------------------------------------------------------------------------------------ 7. TOTAL FEDERAL TAXES $ 0 $ 0 $ 0 $ 0 ------------------------------------------------------------------------------------------------------------------------ STATE AND LOCAL ------------------------------------------------------------------------------------------------------------------------ 8. WITHHOLDING $ 0 $ 0 $ 0 $ 0 ------------------------------------------------------------------------------------------------------------------------ 9. SALES ($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: September 2001 ---------------------------------------------------------------- -------------------------------------------- BANK RECONCILIATIONS Account #1 Account #2 Account #3 --------------------------------------------------------------------------------------------------------------------------------- A. BANK: Bank One Mid-Cities ---------------------------------------------------------------------------------------------------------------------- B. ACCOUNT NUMBER: 1586267807 4235800 TOTAL ---------------------------------------------------------------------------------------------------------------------- C. PURPOSE (TYPE): Operating-Closed 11/00 Operating - Closed 5/00 --------------------------------------------------------------------------------------------------------------------------------- 1. BALANCE PER BANK STATEMENT $0 $0 $0 --------------------------------------------------------------------------------------------------------------------------------- 2. ADD: TOTAL DEPOSITS NOT CREDITED $0 $0 $0 --------------------------------------------------------------------------------------------------------------------------------- 3. SUBTRACT: OUTSTANDING CHECKS $0 $0 $0 --------------------------------------------------------------------------------------------------------------------------------- 4. OTHER RECONCILING ITEMS $0 $0 $0 --------------------------------------------------------------------------------------------------------------------------------- 5. MONTH END BALANCE PER BOOKS $0 $0 $0 $0 --------------------------------------------------------------------------------------------------------------------------------- 6. NUMBER OF LAST CHECK WRITTEN account closed account closed --------------------------------------------------------------------------------------------------------------------------------- -------------------------------------------- INVESTMENT ACCOUNTS --------------------------------------------------------------------------------------------------------------------------------- DATE OF TYPE OF PURCHASE CURRENT BANK, ACCOUNT NAME & NUMBER PURCHASE INSTRUMENT PRICE VALUE --------------------------------------------------------------------------------------------------------------------------------- 7. N/A --------------------------------------------------------------------------------------------------------------------------------- 8. N/A --------------------------------------------------------------------------------------------------------------------------------- 9. N/A --------------------------------------------------------------------------------------------------------------------------------- 10. N/A --------------------------------------------------------------------------------------------------------------------------------- 11. TOTAL INVESTMENTS $0 $0 --------------------------------------------------------------------------------------------------------------------------------- -------------------------------------------- CASH --------------------------------------------------------------------------------------------------------------------------------- 12. CURRENCY ON HAND $0 --------------------------------------------------------------------------------------------------------------------------------- --------------------------------------------------------------------------------------------------------------------------------- 13. TOTAL CASH - END OF MONTH $0 ---------------------------------------------------------------------------------------------------------------------------------
-------------------------------------------------------------------------------- -------------------------------------------------------------------------------- Monthly Operating Report ------------------------------------------- CASE NAME: Longhorn Solutions, Inc. ACCRUAL BASIS-6 ------------------------------------------- ------------------------------------------- CASE NUMBER: 400-42147-BJH-11 02/13/95, RWD, 2/96 ------------------------------------------- MONTH: September 2001 ------------------------ ------------------------------------------- PAYMENTS TO INSIDERS AND PROFESSIONALS ------------------------------------------- OF THE TOTAL DISBURSEMENTS SHOWN FOR THE MONTH, LIST THE AMOUNT PAID TO INSIDERS (AS DEFINED IN SECTION 101 (31) (A)-(F) OF THE U.S. BANKRUPTCY CODE) AND TO PROFESSIONALS. ALSO, FOR PAYMENTS TO INSIDERS, IDENTIFY THE TYPE OF COMPENSATION PAID (e.g. SALARY, BONUS, COMMISSIONS, INSURANCE, HOUSING ALLOWANCE, TRAVEL, CAR ALLOWANCE, ETC.). ATTACH ADDITIONAL SHEETS IF NECESSARY. ------------------------------------------------------------------------- INSIDERS ------------------------------------------------------------------------- TYPE OF AMOUNT TOTAL PAID NAME PAYMENT PAID TO DATE ------------------------------------------------------------------------- 1. Mary Phillips Salary $0 $68,750 ------------------------------------------------------------------------- 2. ------------------------------------------------------------------------- 3. ------------------------------------------------------------------------- 4. ------------------------------------------------------------------------- 5. ------------------------------------------------------------------------- 6. TOTAL PAYMENTS TO INSIDERS $0 $68,750 -------------------------------------------------------------------------
----------------------------------------------------------------------------------------------------- PROFESSIONALS ----------------------------------------------------------------------------------------------------- DATE OF COURT TOTAL ORDER AUTHORIZING AMOUNT AMOUNT TOTAL PAID INCURRED NAME PAYMENT APPROVED PAID TO DATE & UNPAID * ----------------------------------------------------------------------------------------------------- 1. N/A ----------------------------------------------------------------------------------------------------- 2. N/A ----------------------------------------------------------------------------------------------------- 3. N/A ----------------------------------------------------------------------------------------------------- 4. N/A ----------------------------------------------------------------------------------------------------- 5. N/A ----------------------------------------------------------------------------------------------------- 6. TOTAL PAYMENTS TO PROFESSIONALS $0 $0 $0 $0 -----------------------------------------------------------------------------------------------------
* INCLUDE ALL FEES INCURRED, BOTH APPROVED AND UNAPPROVED ------------------------------------------------------------------------- POSTPETITION STATUS OF SECURED NOTES, LEASES PAYABLE AND ADEQUATE PROTECTION PAYMENTS ------------------------------------------------------------------------- -------------------------------------------------------------------- SCHEDULED AMOUNTS MONTHLY PAID TOTAL PAYMENTS DURING UNPAID NAME OF CREDITOR DUE MONTH POSTPETITION ------------------------------------------------------------------------- 1. N/A ------------------------------------------------------------------------- 2. N/A ------------------------------------------------------------------------- 3. N/A ------------------------------------------------------------------------- 4. N/A ------------------------------------------------------------------------- 5. N/A ------------------------------------------------------------------------- 6. TOTAL $0 $0 $0 ------------------------------------------------------------------------- -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- Monthly Operating Report ---------------------------------------------- CASE NAME: Longhorn Solutions, Inc. ACCRUAL BASIS-7 ---------------------------------------------- ---------------------------------------------- CASE NUMBER: 400-42147-BJH-11 02/13/95, RWD, 2/96 ---------------------------------------------- MONTH: September 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 WORKERS 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: September 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 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 September 2001 8. OTHER (ATTACH LIST) $ 755,288 Reported --------------------- Intercompany Receivables 715,373 Deferred Taxes 36,717 Security Deposit 2,948 --------------------- 755,038 Detail --------------------- 250 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, INC. 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: SEPTEMBER 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 10/19/2001 ------------------------------------------------- ---------------------------------- PRINTED NAME OF RESPONSIBLE PARTY DATE PREPARER: /s/ Kevin K. Craig CONTROLLER, KITTY HAWK INC. ------------------------------------------------- ---------------------------------- ORIGINAL SIGNATURE OF PREPARER TITLE KEVIN K. CRAIG 10/19/2001 ------------------------------------------------- ---------------------------------- PRINTED NAME OF PREPARER DATE
-------------------------------------------------------------------------------- ------------------------------------------------------- Monthly Operating Report ----------------------------------------------- CASE NAME: AIRCRAFT LEASING, INC. ACCRUAL BASIS-1 ----------------------------------------------- ----------------------------------------------- CASE NUMBER: 400-42148-BJH-11 02/13/95, RWD, 2/96 -----------------------------------------------
----------------------------------------------- COMPARATIVE BALANCE SHEET -------------------------------------------------------------------------------------------------------------------------- SCHEDULE MONTH MONTH MONTH -------------------------------------------------------- ASSETS AMOUNT JULY,2001 AUGUST, 2001 SEPTEMBER, 2001 -------------------------------------------------------------------------------------------------------------------------- 1. UNRESTRICTED CASH $ 0 $ 0 $ 0 $ 0 -------------------------------------------------------------------------------------------------------------------------- 2. RESTRICTED CASH $ 0 $ 324,185 $ 212,514 $ 176,998 -------------------------------------------------------------------------------------------------------------------------- 3. TOTAL CASH $ 0 $ 324,185 $ 212,514 $ 176,998 -------------------------------------------------------------------------------------------------------------------------- 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) ($6,542,023) ($5,020,650) ($2,724,472) -------------------------------------------------------------------------------------------------------------------------- 9. TOTAL CURRENT ASSETS ($33,904,344) ($6,217,838) ($4,808,136) ($2,547,474) -------------------------------------------------------------------------------------------------------------------------- 10. PROPERTY, PLANT & EQUIPMENT $81,907,719 $ 65,781,639 $ 59,410,269 $ 58,260,269 -------------------------------------------------------------------------------------------------------------------------- 11. LESS: ACCUMULATED DEPRECIATION / DEPLETION $33,669,772 $ 31,039,548 $ 31,319,613 $ 31,456,770 -------------------------------------------------------------------------------------------------------------------------- 12. NET PROPERTY, PLANT & EQUIPMENT $48,237,946 $ 34,742,091 $ 28,090,656 $ 26,803,499 -------------------------------------------------------------------------------------------------------------------------- 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 $ 28,524,253 $ 23,282,520 $ 24,256,025 -------------------------------------------------------------------------------------------------------------------------- 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) $ 5,334,221 $ 3,237,528 $ 3,629,180 -------------------------------------------------------------------------------------------------------------------------- 23. TOTAL POSTPETITION LIABILITIES $ 5,334,221 $ 3,237,528 $ 3,629,180 -------------------------------------------------------------------------------------------------------------------------- PREPETITION LIABILITIES 24. SECURED DEBT $ 2,811,382 $ 0 $ 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 $ 2,399,516 $ 2,399,516 $ 2,399,516 -------------------------------------------------------------------------------------------------------------------------- 29. TOTAL LIABILITIES $ 4,111,383 $ 7,733,737 $ 5,637,044 $ 6,028,696 -------------------------------------------------------------------------------------------------------------------------- EQUITY -------------------------------------------------------------------------------------------------------------------------- 30. PREPETITION OWNERS' EQUITY $ 0 $ 12,789,185 $ 12,789,185 $ 12,789,185 -------------------------------------------------------------------------------------------------------------------------- 31. POSTPETITION CUMULATIVE PROFIT OR (LOSS) $ 8,001,331 $ 4,856,291 $ 5,438,144 -------------------------------------------------------------------------------------------------------------------------- 32. DIRECT CHARGES TO EQUITY (ATTACH EXPLANATION) $ 0 -------------------------------------------------------------------------------------------------------------------------- 33. TOTAL EQUITY $ 0 $ 20,790,516 $ 17,645,476 $ 18,227,329 -------------------------------------------------------------------------------------------------------------------------- 34. TOTAL LIABILITIES & OWNERS' EQUITY $ 4,111,383 $ 28,524,253 $ 23,282,520 $ 24,256,025 -------------------------------------------------------------------------------------------------------------------------- $ 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 JULY, 2001 AUGUST, 2001 SEPTEMBER, 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 $5,736,370 $ 0 $5,736,370 ----------------------------------------------------------------------------------------------------------------- 14. TOTAL OPERATING EXPENSES $ 0 $5,736,370 $ 0 $5,736,370 ----------------------------------------------------------------------------------------------------------------- 15. INCOME BEFORE NON-OPERATING INCOME & EXPENSE $969,000 ($4,767,370) $ 969,000 ($2,829,370) ----------------------------------------------------------------------------------------------------------------- OTHER INCOME & EXPENSES ----------------------------------------------------------------------------------------------------------------- 16. NON-OPERATING INCOME (ATT. LIST) ($870) ($1,137) ($755) ($2,762) ----------------------------------------------------------------------------------------------------------------- 17. NON-OPERATING EXPENSE (ATT. LIST) $ 0 $ 0 $ 0 $ 0 ----------------------------------------------------------------------------------------------------------------- 18. INTEREST EXPENSE $ 0 $ 0 $ 0 $ 0 ----------------------------------------------------------------------------------------------------------------- 19. DEPRECIATION / DEPLETION $439,564 $ 439,565 $ 448,823 $1,327,952 ----------------------------------------------------------------------------------------------------------------- 20. AMORTIZATION $ 0 $ 0 $ 0 $ 0 ----------------------------------------------------------------------------------------------------------------- 21. OTHER (ATTACH LIST) ($439,564) $ 35,935 ($452,573) ($856,202) ----------------------------------------------------------------------------------------------------------------- 22. NET OTHER INCOME & EXPENSES ($870) $ 474,363 ($4,505) $ 468,988 ----------------------------------------------------------------------------------------------------------------- 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 $387,948 ($2,096,693) $ 387,902 ($1,320,843) ----------------------------------------------------------------------------------------------------------------- 28. NET PROFIT (LOSS) $581,922 ($3,145,040) $ 581,853 ($1,981,265) ----------------------------------------------------------------------------------------------------------------- $ 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 ------------------------------------------------ ---------------------------------------------------------------------------------------------------------------------------- CASH RECEIPTS AND MONTH MONTH MONTH QUARTER ----------------------------------------------------------- DISBURSEMENTS JULY, 2001 AUGUST, 2001 SEPTEMBER, 2001 TOTAL ---------------------------------------------------------------------------------------------------------------------------- 1. CASH - BEGINNING OF MONTH $ 455,714 $ 324,185 $ 212,514 $ 455,714 ---------------------------------------------------------------------------------------------------------------------------- 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) $ 870 $ 251,137 $ 250,675 $ 502,682 ---------------------------------------------------------------------------------------------------------------------------- 9. TOTAL NON-OPERATING RECEIPTS $ 870 $ 251,137 $ 250,675 $ 502,682 ---------------------------------------------------------------------------------------------------------------------------- 10. TOTAL RECEIPTS $ 870 $ 251,137 $ 250,675 $ 502,682 ---------------------------------------------------------------------------------------------------------------------------- 11. TOTAL CASH AVAILABLE $ 456,584 $ 575,322 $ 463,189 $ 958,396 ---------------------------------------------------------------------------------------------------------------------------- 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 $ 132,399 $ 362,808 $ 286,191 $ 781,398 ---------------------------------------------------------------------------------------------------------------------------- 28. U.S. TRUSTEE FEES $ 0 $ 0 $ 0 $ 0 ---------------------------------------------------------------------------------------------------------------------------- 29. OTHER (ATTACH LIST) $ 0 $ 0 $ 0 $ 0 ---------------------------------------------------------------------------------------------------------------------------- 30. TOTAL REORGANIZATION EXPENSES $ 132,399 $ 362,808 $ 286,191 $ 781,398 ---------------------------------------------------------------------------------------------------------------------------- 31. TOTAL DISBURSEMENTS $ 132,399 $ 362,808 $ 286,191 $ 781,398 ---------------------------------------------------------------------------------------------------------------------------- 32. NET CASH FLOW ($131,529) ($111,671) ($35,516) ($278,716) ---------------------------------------------------------------------------------------------------------------------------- 33. CASH - END OF MONTH $ 324,185 $ 212,514 $ 176,998 $ 176,998 ----------------------------------------------------------------------------------------------------------------------------
================================================================================ -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- 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 JULY, 2001 AUGUST, 2001 SEPTEMBER, 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: SEPTEMBER, 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: SEPTEMBER, 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: SEPTEMBER, 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* 1/3/2000 MONEY MARKET $3,625,000 $ 0 -------------------------------------------------------------------------------------------------------------- 8. HSBC Bank USA (ESCROW) #10-876110 6/19/2000 MONEY MARKET $3,560,463 $176,998 -------------------------------------------------------------------------------------------------------------- 9. -------------------------------------------------------------------------------------------------------------- 10. -------------------------------------------------------------------------------------------------------------- 11. TOTAL INVESTMENTS $176,998 -------------------------------------------------------------------------------------------------------------- ---------------------------------------- CASH -------------------------------------------------------------------------------------------------------------- 12. CURRENCY ON HAND $ 0 -------------------------------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------------------------------- 13. TOTAL CASH - END OF MONTH $176,998 -------------------------------------------------------------------------------------------------------------- $ 0
================================================================================ -------------------------------------------------------------------------------- Monthly Operating Report --------------------------------------- CASE NAME: AIRCRAFT LEASING, INC. ACCRUAL BASIS-6 --------------------------------------- --------------------------------------- CASE NUMBER: 400-42148-BJH-11 02/13/95, RWD, 2/96 --------------------------------------- MONTH: SEPTEMBER, 2001 --------------------------------------- PAYMENTS TO INSIDERS AND PROFESSIONALS --------------------------------------- OF THE TOTAL DISBURSEMENTS SHOWN FOR THE MONTH, LIST THE AMOUNT PAID TO INSIDERS (AS DEFINED IN SECTION 101 (31) (A)-(F) OF THE U.S. BANKRUPTCY CODE) AND TO PROFESSIONALS. ALSO, FOR PAYMENTS TO INSIDERS, IDENTIFY THE TYPE OF COMPENSATION PAID (e.g. SALARY, BONUS, COMMISSIONS, INSURANCE, HOUSING ALLOWANCE, TRAVEL, CAR ALLOWANCE, ETC.). ATTACH ADDITIONAL SHEETS IF NECESSARY. ----------------------------------------------------------------------- INSIDERS ----------------------------------------------------------------------- TYPE OF AMOUNT TOTAL PAID NAME PAYMENT PAID TO DATE ----------------------------------------------------------------------- 1. SEE KITTY HAWK, INC. MOR - CASE # 400-42141-BJH-11 ----------------------------------------------------------------------- 2. ----------------------------------------------------------------------- 3. ----------------------------------------------------------------------- 4. ----------------------------------------------------------------------- 5. ----------------------------------------------------------------------- 6. TOTAL PAYMENTS TO INSIDERS $0 $0 -----------------------------------------------------------------------
------------------------------------------------------------------------------------------------------ PROFESSIONALS ------------------------------------------------------------------------------------------------------ DATE OF COURT TOTAL ORDER AUTHORIZING AMOUNT AMOUNT TOTAL PAID INCURRED NAME PAYMENT APPROVED PAID TO DATE & UNPAID * ------------------------------------------------------------------------------------------------------ 1. SEE KITTY HAWK, INC. MOR - CASE # 400-42141-BJH-11 ------------------------------------------------------------------------------------------------------ 2. ------------------------------------------------------------------------------------------------------ 3. ------------------------------------------------------------------------------------------------------ 4. ------------------------------------------------------------------------------------------------------ 5. ------------------------------------------------------------------------------------------------------ 6. TOTAL PAYMENTS TO PROFESSIONALS $0 $0 $0 $0 ------------------------------------------------------------------------------------------------------ * INCLUDE ALL FEES INCURRED, BOTH APPROVED AND UNAPPROVED ------------------------------------------------------------------------------------------ POSTPETITION STATUS OF SECURED NOTES, LEASES PAYABLE AND ADEQUATE PROTECTION PAYMENTS ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ SCHEDULED AMOUNTS MONTHLY PAID TOTAL PAYMENTS DURING UNPAID NAME OF CREDITOR DUE MONTH POSTPETITION ------------------------------------------------------------------------------------------ 1. FIRST SOURCE BANK (865001) $0 $0 $0 ------------------------------------------------------------------------------------------ 2. FIRST SOURCE BANK (RPS) $0 $0 $0 ------------------------------------------------------------------------------------------ 3. FIRST SOURCE BANK (AIA) $0 $0 $0 ------------------------------------------------------------------------------------------ 4. $0 ------------------------------------------------------------------------------------------ 5. $0 ------------------------------------------------------------------------------------------ 6. TOTAL $0 $0 $0 ------------------------------------------------------------------------------------------
-------------------------------------------------------------------------------- -------------------------------------------------------------------------------- Monthly Operating Report ------------------------------------------ CASE NAME: AIRCRAFT LEASING, INC. ACCRUAL BASIS-7 ------------------------------------------ ------------------------------------------ CASE NUMBER: 400-42148-BJH-11 02/13/95, RWD, 2/96 ------------------------------------------ MONTH: SEPTEMBER, 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. 2a) $286,191 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 X OTHER 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: AIRCRAFT LEASING, INC. FOOTNOTES SUPPLEMENT ------------------------------------------ ------------------------------------------ CASE NUMBER: 400-42148-BJH-11 ACCRUAL BASIS ------------------------------------------ MONTH: SEPTEMBER, 2001 ----------------------------------
---------------------------------------------------------------------------------------------------------------- ACCRUAL BASIS LINE FORM NUMBER NUMBER FOOTNOTE / EXPLANATION ---------------------------------------------------------------------------------------------------------------- ---------------------------------------------------------------------------------------------------------------- ---------------------------------------------------------------------------------------------------------------- 2 13 SFAS 121 Writedown of $5,736,370 of Assets, from USPS W-Net cancel 8/25/01 ---------------------------------------------------------------------------------------------------------------- ---------------------------------------------------------------------------------------------------------------- ---------------------------------------------------------------------------------------------------------------- 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. ---------------------------------------------------------------------------------------------------------------- ---------------------------------------------------------------------------------------------------------------- ---------------------------------------------------------------------------------------------------------------- ---------------------------------------------------------------------------------------------------------------- ----------------------------------------------------------------------------------------------------------------
================================================================================ -------------------------------------------------------------------------------- Monthly Operating Report ------------------------------------------ CASE NAME: AIRCRAFT LEASING, INC. ACCRUAL BASIS-Attachment ------------------------------------------ ------------------------------------------ CASE NUMBER: 400-42148-BJH-11 ------------------------------------------ MONTH: SEPTEMBER, 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) ($2,774,472) Intercompany Cummulative Receivable/Payable Credit Balance 1 - BS 22 a) $3,625,430 Accrued Federal Income Taxes (Post-petition) b) $3,750 Accrued U.S. Trustee 3Q01 Fees 1 - BS 27 a) $2,399,516 Accrued Taxes Payable (Pre-petition) 2 - IS 13 2 - IS 16 a) $675 Interest Income (from HSBC -Escrow account) a) $80 Other Misc Income 2 - IS 21 a) ($452,573) Credit for Allocation of A/C Costs to KH Cargo (vs I/C) 3 - CF 8 a) $675 Interest Income (from HSBC -Escrow account) b) $250,000 I/C Transfer to HSBC -Escrow account from KH Int'l Sale Procedes account 4 - AP T6 a) Federal Income Taxes are now shown as Other Accrued Liabilities (due to deferred tax credits) 7 - QA 2 a) $286,191 Disbursement to Successor Trustee of (HSBC-Escrow) account for Professional Fees, Transfer to KH Inc & KH Int'l
-------------------------------------------------------------------------------- EX-99.9 11 dex999.txt MONTHLY OPERATING REPORT- AMERICAN INT'L TRAVEL Exhibit 99.9 -------------------------------------------------------------------------------- Monthly Operating Report ------------------------------------------------ CASE NAME: American International Travel, Inc. ACCRUAL BASIS ------------------------------------------------ ------------------------------------------------ CASE NUMBER: 400-42149-BJH-11 02/13/95, RWD, 2/96 ------------------------------------------------ ------------------------------------------------ JUDGE: Barbara J. Houser ------------------------------------------------ UNITED STATES BANKRUPTCY COURT NORTHERN DISTRICT OF TEXAS SIXTH DIVISION MONTHLY OPERATING REPORT MONTH ENDING: SEPTEMBER 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 10/19/2001 ------------------------------------------- ----------------------------- PRINTED NAME OF RESPONSIBLE PARTY DATE PREPARER: /s/ Jessica L. Wilson Chief Accounting Officer ------------------------------------------- ----------------------------- ORIGINAL SIGNATURE OF PREPARER TITLE Jessica L. Wilson 10/19/2001 ------------------------------------------- ----------------------------- PRINTED NAME OF PREPARER DATE
-------------------------------------------------------------------------------- -------------------------------------------------------------------------------- Monthly Operating Report ----------------------------------------------------- CASE NAME: American International Travel, Inc. ACCRUAL BASIS-1 ----------------------------------------------------- ----------------------------------------------------- CASE NUMBER: 400-42149-BJH-11 02/13/95, RWD, 2/96 -----------------------------------------------------
----------------------------------------------------- COMPARATIVE BALANCE SHEET ------------------------------------------------------------------------------------------------------------------------------- SCHEDULE MONTH MONTH MONTH ------------------------------------------------------------------ ASSETS AMOUNT July 2001 August 2001 September 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) ($440,079) ($440,079) ($440,079) ------------------------------------------------------------------------------------------------------------------------------- 9. TOTAL CURRENT ASSETS $ 64,520 ($440,079) ($440,079) ($440,079) ------------------------------------------------------------------------------------------------------------------------------- 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 ($440,079) ($440,079) ($440,079) ------------------------------------------------------------------------------------------------------------------------------- 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) $ 3,975 $ 3,975 $ 3,725 ------------------------------------------------------------------------------------------------------------------------------- 32. DIRECT CHARGES TO EQUITY (ATTACH EXPLANATION) ------------------------------------------------------------------------------------------------------------------------------- 33. TOTAL EQUITY $ 0 ($355,188) ($355,188) ($355,438) ------------------------------------------------------------------------------------------------------------------------------- 34. TOTAL LIABILITIES & OWNERS' EQUITY $ 530,138 ($440,079) ($440,079) ($440,079) -------------------------------------------------------------------------------------------------------------------------------
-------------------------------------------------------------------------------- ================================================================================ 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 July 2001 August 2001 September 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: 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 July 2001 August 2001 September 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 July 2001 August 2001 September 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: September 2001 -------------------------------- --------------------------------------------------------------------------------------------------------------------------- 0-30 31-60 61-90 91+ TAXES PAYABLE DAYS DAYS DAYS DAYS TOTAL --------------------------------------------------------------------------------------------------------------------------- 1. FEDERAL $ 0 $0 $0 $0 $ 0 --------------------------------------------------------------------------------------------------------------------------- 2. STATE $ 0 $0 $0 $0 $ 0 --------------------------------------------------------------------------------------------------------------------------- 3. LOCAL $ 0 $0 $0 $0 $ 0 --------------------------------------------------------------------------------------------------------------------------- 4. OTHER (ATTACH LIST) $ 0 $0 $0 $0 $ 0 --------------------------------------------------------------------------------------------------------------------------- 5. TOTAL TAXES PAYABLE $ 0 $0 $0 $0 $ 0 --------------------------------------------------------------------------------------------------------------------------- --------------------------------------------------------------------------------------------------------------------------- 6. ACCOUNTS PAYABLE $250 $0 $0 $0 $250 --------------------------------------------------------------------------------------------------------------------------- ------------------------------------------------ STATUS OF POSTPETITION TAXES MONTH: September 2001 ------------------------------- --------------------------------------------------------------------------------------------------------------------------- BEGINNING AMOUNT ENDING TAX WITHHELD AND/ AMOUNT TAX FEDERAL LIABILITY* 0R ACCRUED PAID LIABILITY --------------------------------------------------------------------------------------------------------------------------- 1. WITHHOLDING** $0 $0 $0 $0 --------------------------------------------------------------------------------------------------------------------------- 2. FICA-EMPLOYEE** $0 $0 $0 $0 --------------------------------------------------------------------------------------------------------------------------- 3. FICA-EMPLOYER** $0 $0 $0 $0 --------------------------------------------------------------------------------------------------------------------------- 4. UNEMPLOYMENT $0 $0 $0 $0 --------------------------------------------------------------------------------------------------------------------------- 5. INCOME $0 $0 $0 $0 --------------------------------------------------------------------------------------------------------------------------- 6. OTHER (ATTACH LIST) $0 $0 $0 $0 --------------------------------------------------------------------------------------------------------------------------- 7. TOTAL FEDERAL TAXES $0 $0 $0 $0 --------------------------------------------------------------------------------------------------------------------------- STATE AND LOCAL --------------------------------------------------------------------------------------------------------------------------- 8. WITHHOLDING $0 $0 $0 $0 --------------------------------------------------------------------------------------------------------------------------- 9. SALES $0 $0 $0 $0 --------------------------------------------------------------------------------------------------------------------------- 10. EXCISE $0 $0 $0 $0 --------------------------------------------------------------------------------------------------------------------------- 11. UNEMPLOYMENT $0 $0 $0 $0 --------------------------------------------------------------------------------------------------------------------------- 12. REAL PROPERTY $0 $0 $0 $0 --------------------------------------------------------------------------------------------------------------------------- 13. PERSONAL PROPERTY $0 $0 $0 $0 --------------------------------------------------------------------------------------------------------------------------- 14. OTHER (ATTACH LIST) $0 $0 $0 $0 --------------------------------------------------------------------------------------------------------------------------- 15. TOTAL STATE & LOCAL $0 $0 $0 $0 --------------------------------------------------------------------------------------------------------------------------- 16. TOTAL TAXES $0 $0 $0 $0 ---------------------------------------------------------------------------------------------------------------------------
* The beginning tax liability should represent the liability from the prior month or, if this is the first operating report, the amount should be zero. ** Attach photocopies of IRS Form 6123 or your FTD coupon and payment receipt to verify payment or deposit. -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- Monthly Operating Report ------------------------------------------ CASE NAME: American International Travel, Inc. ACCRUAL BASIS-5 ------------------------------------------ ------------------------------------------ CASE NUMBER: 400-42149-BJH-11 02/13/95, RWD, 2/96 ------------------------------------------ The debtor in possession must complete the reconciliation below for each bank account, including all general, payroll and tax accounts, as well as all savings and investment accounts, money market accounts, certificates of deposit, government obligations, etc. Accounts with restricted funds should be identified by placing an asterisk next to the account number. Attach additional sheets if necessary.
MONTH: September 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: September 2001 ------------------- ----------------------------------------------- PAYMENTS TO INSIDERS AND PROFESSIONALS ----------------------------------------------- OF THE TOTAL DISBURSEMENTS SHOWN FOR THE MONTH, LIST THE AMOUNT PAID TO INSIDERS (AS DEFINED IN SECTION 101 (31) (A)-(F) OF THE U.S. BANKRUPTCY CODE) AND TO PROFESSIONALS. ALSO, FOR PAYMENTS TO INSIDERS, IDENTIFY THE TYPE OF COMPENSATION PAID (e.g. SALARY, BONUS, COMMISSIONS, INSURANCE, HOUSING ALLOWANCE, TRAVEL, CAR ALLOWANCE, ETC.). ATTACH ADDITIONAL SHEETS IF NECESSARY. ---------------------------------------------------------------------------- INSIDERS ---------------------------------------------------------------------------- TYPE OF AMOUNT TOTAL PAID NAME PAYMENT PAID TO DATE ---------------------------------------------------------------------------- 1. N/A ---------------------------------------------------------------------------- 2. N/A ---------------------------------------------------------------------------- 3. N/A ---------------------------------------------------------------------------- 4. N/A ---------------------------------------------------------------------------- 5. N/A ---------------------------------------------------------------------------- 6. TOTAL PAYMENTS TO INSIDERS $0 $0 ----------------------------------------------------------------------------
----------------------------------------------------------------------------------------------------------------------------- PROFESSIONALS ----------------------------------------------------------------------------------------------------------------------------- DATE OF COURT TOTAL ORDER AUTHORIZING AMOUNT AMOUNT TOTAL PAID INCURRED NAME PAYMENT APPROVED PAID TO DATE & UNPAID * ----------------------------------------------------------------------------------------------------------------------------- 1. N/A ----------------------------------------------------------------------------------------------------------------------------- 2. N/A ----------------------------------------------------------------------------------------------------------------------------- 3. N/A ----------------------------------------------------------------------------------------------------------------------------- 4. N/A ----------------------------------------------------------------------------------------------------------------------------- 5. N/A ----------------------------------------------------------------------------------------------------------------------------- 6. TOTAL PAYMENTS TO PROFESSIONALS $0 $0 $0 $0 ----------------------------------------------------------------------------------------------------------------------------- * INCLUDE ALL FEES INCURRED, BOTH APPROVED AND UNAPPROVED --------------------------------------------------------------------------------------------- POSTPETITION STATUS OF SECURED NOTES, LEASES PAYABLE AND ADEQUATE PROTECTION PAYMENTS --------------------------------------------------------------------------------------------- --------------------------------------------------------------------------------------------- SCHEDULED AMOUNTS MONTHLY PAID TOTAL PAYMENTS DURING UNPAID NAME OF CREDITOR DUE MONTH POSTPETITION --------------------------------------------------------------------------------------------- 1. N/A --------------------------------------------------------------------------------------------- 2. N/A --------------------------------------------------------------------------------------------- 3. N/A --------------------------------------------------------------------------------------------- 4. N/A --------------------------------------------------------------------------------------------- 5. N/A --------------------------------------------------------------------------------------------- 6. TOTAL $0 $0 $0 ---------------------------------------------------------------------------------------------
-------------------------------------------------------------------------------- -------------------------------------------------------------------------------- Monthly Operating Report ----------------------------------------------------- CASE NAME: American International Travel, Inc. ACCRUAL BASIS-7 ----------------------------------------------------- ----------------------------------------------------- CASE NUMBER: 400-42149-BJH-11 02/13/95, RWD, 2/96 ----------------------------------------------------- MONTH: September 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: September 2001 --------------------
--------------------------------------------------------------------------------------------------------------- ACCRUAL BASIS FORM NUMBER LINE NUMBER FOOTNOTE / EXPLANATION --------------------------------------------------------------------------------------------------------------- --------------------------------------------------------------------------------------------------------------- --------------------------------------------------------------------------------------------------------------- --------------------------------------------------------------------------------------------------------------- 6 All Professional fees related to the Reorganization of the --------------------------------------------------------------------------------------------------------------- Company are disbursed out of Kitty Hawk, Inc. (Parent --------------------------------------------------------------------------------------------------------------- Company). Refer to Case # 400-42141 --------------------------------------------------------------------------------------------------------------- --------------------------------------------------------------------------------------------------------------- 7 All insurance plans related to the Company are carried --------------------------------------------------------------------------------------------------------------- at Kitty Hawk, Inc. (Parent Company). Refer to Case # --------------------------------------------------------------------------------------------------------------- 400-42141. --------------------------------------------------------------------------------------------------------------- --------------------------------------------------------------------------------------------------------------- General This operation closed in May of 2000. Costs incurred to date --------------------------------------------------------------------------------------------------------------- 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 September 2001 8. OTHER (ATTACH LIST) (440,079)Reported ---------------------- Intercompany Settlements 342 A/R KH International (246,860) CDI Inter-divisional Balancing (196,142) CDI - Debit/Credit Transfer 2,581 ---------------------- (440,079)Detail ---------------------- - Difference EX-99.10 12 dex9910.txt MONTHLY OPERATING REPORT- FLIGHT ONE LOGISTICS 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: SEPTEMBER 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 10/19/2001 ------------------------------------------- ---------------------------------- PRINTED NAME OF RESPONSIBLE PARTY DATE PREPARER: /s/ Jessica L. Wilson Chief Accounting Officer ------------------------------------------- ---------------------------------- ORIGINAL SIGNATURE OF PREPARER TITLE Jessica L. Wilson 10/19/2001 ------------------------------------------- ---------------------------------- 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 July 2001 August 2001 September 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 $ 194 $ 194 $ 194 -------------------------------------------------------------------------------------------------------------------- 9. TOTAL CURRENT ASSETS $ 39,149 $ 20,936 $ 20,936 $ 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 $ 20,936 $ 20,936 $ 20,936 -------------------------------------------------------------------------------------------------------------------- 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 $ 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) ($1,280) ($1,280) ($1,530) -------------------------------------------------------------------------------------------------------------------- 32. DIRECT CHARGES TO EQUITY (ATTACH EXPLANATION) -------------------------------------------------------------------------------------------------------------------- 33. TOTAL EQUITY $ 0 $ 37,676 $ 37,676 $ 37,426 -------------------------------------------------------------------------------------------------------------------- 34. TOTAL LIABILITIES & OWNERS' EQUITY $ 0 $ 20,936 $ 20,936 $ 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 July 2001 August 2001 September 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 ---------------------------------------------
---------------------------------------------------------------------------------------------------------------------------- CASH RECEIPTS AND MONTH MONTH MONTH QUARTER --------------------------------------------------------------- DISBURSEMENTS July 2001 August 2001 September 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 July 2001 August 2001 September 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. ACCOUNT RECEIVABLE (NET) $ 0 $ 20,742 $ 20,742 $ 20,742 ----------------------------------------------------------------------------------------------------------------------
---------------------------------------------- AGING OF POSTPETITION TAXES AND PAYABLES MONTH: September 2001 --------------------------------- ---------------------------------------------------------------------------------------------------------------------- 0-30 31-60 61-90 91+ TAXES PAYABLE DAYS DAYS DAYS DAYS TOTAL ---------------------------------------------------------------------------------------------------------------------- 1. FEDERAL $ 0 $ 0 $ 0 $ 0 $ 0 ---------------------------------------------------------------------------------------------------------------------- 2. STATE $ 0 $ 0 $ 0 $ 0 $ 0 ---------------------------------------------------------------------------------------------------------------------- 3. LOCAL $ 0 $ 0 $ 0 $ 0 $ 0 ---------------------------------------------------------------------------------------------------------------------- 4. OTHER (ATTACH LIST) $ 0 $ 0 $ 0 $ 0 $ 0 ---------------------------------------------------------------------------------------------------------------------- 5. TOTAL TAXES PAYABLE $ 0 $ 0 $ 0 $ 0 $ 0 ---------------------------------------------------------------------------------------------------------------------- ---------------------------------------------------------------------------------------------------------------------- 6. ACCOUNTS PAYABLE $250 $ 0 $ 0 $ 0 $250 ----------------------------------------------------------------------------------------------------------------------
---------------------------------------------- STATUS OF POSTPETITION TAXES MONTH: September 2001 --------------------------------- ---------------------------------------------------------------------------------------------------------------------- BEGINNING AMOUNT ENDING TAX WITHHELD AND/ AMOUNT TAX FEDERAL LIABILITY* OR ACCRUED PAID LIABILITY ---------------------------------------------------------------------------------------------------------------------- 1. WITHHOLDING** $ 0 $ 0 $ 0 $ 0 ---------------------------------------------------------------------------------------------------------------------- 2. FICA-EMPLOYEE** $ 0 $ 0 $ 0 $ 0 ---------------------------------------------------------------------------------------------------------------------- 3. FICA-EMPLOYER** $ 0 $ 0 $ 0 $ 0 ---------------------------------------------------------------------------------------------------------------------- 4. UNEMPLOYMENT $ 0 $ 0 $ 0 $ 0 ---------------------------------------------------------------------------------------------------------------------- 5. INCOME $ 0 $ 0 $ 0 $ 0 ---------------------------------------------------------------------------------------------------------------------- 6. OTHER (ATTACH LIST) $ 0 $ 0 $ 0 $ 0 ---------------------------------------------------------------------------------------------------------------------- 7. TOTAL FEDERAL TAXES $ 0 $ 0 $ 0 $ 0 ---------------------------------------------------------------------------------------------------------------------- STATE AND LOCAL ---------------------------------------------------------------------------------------------------------------------- 8. WITHHOLDING $ 0 $ 0 $ 0 $ 0 ---------------------------------------------------------------------------------------------------------------------- 9. SALES $ 0 $ 0 $ 0 $ 0 ---------------------------------------------------------------------------------------------------------------------- 10. EXCISE $ 0 $ 0 $ 0 $ 0 ---------------------------------------------------------------------------------------------------------------------- 11. UNEMPLOYMENT $ 0 $ 0 $ 0 $ 0 ---------------------------------------------------------------------------------------------------------------------- 12. REAL PROPERTY $ 0 $ 0 $ 0 $ 0 ---------------------------------------------------------------------------------------------------------------------- 13. PERSONAL PROPERTY $ 0 $ 0 $ 0 $ 0 ---------------------------------------------------------------------------------------------------------------------- 14. OTHER (ATTACH LIST) $ 0 $ 0 $ 0 $ 0 ---------------------------------------------------------------------------------------------------------------------- 15. TOTAL STATE & LOCAL $ 0 $ 0 $ 0 $ 0 ---------------------------------------------------------------------------------------------------------------------- 16. TOTAL TAXES $ 0 $ 0 $ 0 $ 0 ----------------------------------------------------------------------------------------------------------------------
* The beginning tax liability should represent the liability from the prior month or, if this is the first operating report, the amount should be zero. ** Attach photocopies of IRS Form 6123 or your FTD coupon and payment receipt to verify payment or deposit. -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- Monthly Operating Report ---------------------------------------- CASE NAME: Flight One Logistics, Inc. ACCRUAL BASIS-5 ---------------------------------------- ---------------------------------------- CASE NUMBER: 400-42069-BJH 02/13/95, RWD, 2/96 ---------------------------------------- The debtor in possession must complete the reconciliation below for each bank account, including all general, payroll and tax accounts, as well as all savings and investment accounts, money market accounts, certificates of deposit, government obligations, etc. Accounts with restricted funds should be identified by placing an asterisk next to the account number. Attach additional sheets if necessary.
MONTH: September 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: September 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: September 2001 ------------------
---------------------------------------------- QUESTIONNAIRE ---------------------------------------------------------------------------------- YES NO ---------------------------------------------------------------------------------- 1. HAVE ANY ASSETS BEEN SOLD OR TRANSFERRED OUTSIDE THE NORMAL COURSE OF BUSINESS THIS REPORTING PERIOD? X ---------------------------------------------------------------------------------- 2. HAVE ANY FUNDS BEEN DISBURSED FROM ANY ACCOUNT OTHER THAN A DEBTOR IN POSSESSION ACCOUNT? X ---------------------------------------------------------------------------------- 3. ARE ANY POSTPETITION RECEIVABLES (ACCOUNTS, NOTES, OR LOANS) DUE FROM RELATED PARTIES? X ---------------------------------------------------------------------------------- 4. HAVE ANY PAYMENTS BEEN MADE ON PREPETITION LIABILITIES THIS REPORTING PERIOD? X ---------------------------------------------------------------------------------- 5. HAVE ANY POSTPETITION LOANS BEEN RECEIVED BY THE DEBTOR FROM ANY PARTY? X ---------------------------------------------------------------------------------- 6. ARE ANY POSTPETITION PAYROLL TAXES PAST DUE? X ---------------------------------------------------------------------------------- 7. ARE ANY POSTPETITION STATE OR FEDERAL INCOME TAXES PAST DUE? X ---------------------------------------------------------------------------------- 8. ARE ANY POSTPETITION REAL ESTATE TAXES PAST DUE? X ---------------------------------------------------------------------------------- 9. ARE ANY OTHER POSTPETITION TAXES PAST DUE? X ---------------------------------------------------------------------------------- 10. ARE ANY AMOUNTS OWED TO POSTPETITION CREDITORS DELINQUENT? X ---------------------------------------------------------------------------------- 11. HAVE ANY PREPETITION TAXES BEEN PAID DURING THE REPORTING PERIOD? X ---------------------------------------------------------------------------------- 12. ARE ANY WAGE PAYMENTS PAST DUE? X ----------------------------------------------------------------------------------
IF THE ANSWER TO ANY OF THE ABOVE QUESTIONS IS "YES," PROVIDE A DETAILED EXPLANATION OF EACH ITEM. ATTACH ADDITIONAL SHEETS IF NECESSARY. ------------------------------------------------------------------------ ------------------------------------------------------------------------ ---------------------------------------------- INSURANCE ------------------------------------------------------------------------ YES NO ------------------------------------------------------------------------ 1. ARE WORKER'S COMPENSATION, GENERAL LIABILITY AND OTHER NECESSARY INSURANCE COVERAGES IN EFFECT? X ------------------------------------------------------------------------ 2. ARE ALL PREMIUM PAYMENTS PAID CURRENT? X ------------------------------------------------------------------------ 3. PLEASE ITEMIZE POLICIES BELOW. ------------------------------------------------------------------------ IF THE ANSWER TO ANY OF THE ABOVE QUESTIONS IS "NO," OR IF ANY POLICIES HAVE BEEN CANCELLED OR NOT RENEWED DURING THIS REPORTING PERIOD, PROVIDE AN EXPLANATION BELOW. ATTACH ADDITIONAL SHEETS IF NECESSARY. This is a non-operating entity. There are no assets or employees with which to cover with insurance. ------------------------------------------------------------------------ ------------------------------------------------------------------------ ------------------------------------------------------------------------ INSTALLMENT PAYMENTS ------------------------------------------------------------------------ TYPE OF PAYMENT AMOUNT POLICY CARRIER PERIOD COVERED & FREQUENCY ------------------------------------------------------------------------ N/A ------------------------------------------------------------------------ N/A ------------------------------------------------------------------------ N/A ------------------------------------------------------------------------ N/A ------------------------------------------------------------------------ N/A ------------------------------------------------------------------------ N/A ------------------------------------------------------------------------ -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- -------------------------------------------------- CASE NAME: Flight One Logistics, Inc. FOOTNOTES SUPPLEMENT -------------------------------------------------- -------------------------------------------------- CASE NUMBER: 400-42069-BJH ACCRUAL BASIS -------------------------------------------------- MONTH: September 2001 ---------------------------
-------------------------------------------------------------------------------------------------- ACCRUAL BASIS LINE FORM NUMBER NUMBER FOOTNOTE / EXPLANATION -------------------------------------------------------------------------------------------------- 6 All Professional fees related to the Reorganization of the -------------------------------------------------------------------------------------------------- Company are disbursed out of Kitty Hawk, Inc. (Parent -------------------------------------------------------------------------------------------------- Company). Refer to Case # 400-42141 -------------------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------------------- General This is a non-operating Company. -------------------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------------------- 4 6 All assessments of uncollectible accounts receivable are done -------------------------------------------------------------------------------------------------- at Kitty Hawk, Inc. Refer to Case #400-42141. All reserves -------------------------------------------------------------------------------------------------- are recorded at Inc. and pushed down to Inc.'s subsidiaries -------------------------------------------------------------------------------------------------- as deemed necessary. -------------------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------------------- 3 28 All payments are made by Kitty Hawk, Inc. (Case #400-42141) -------------------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------------------- --------------------------------------------------------------------------------------------------
================================================================================ CASE NAME: Flight One Logistics, Inc. CASE NUMBER: 400-42069-BJH Details of Other Items ACCRUAL BASIS-1 September 2001 8. OTHER (ATTACH LIST) $ 194 Reported --------------------- Intercompany Receivables 194 Detail --------------------- - Difference