EX-99.2 4 dex992.txt MON. OPER. REPORT - KITTY HAWK AIRCARGO Exhibit 99.2 -------------------------------------------------------------------------------- Monthly Operating Report ------------------------------------------ CASE NAME: KITTY HAWK AIRCARGO, INC. ACCRUAL BASIS ------------------------------------------ ------------------------------------------ CASE NUMBER: 400-42142-BJH-11 02/13/95, RWD, 2/96 ------------------------------------------ ------------------------------------------ JUDGE: BARBARA J. HOUSER ------------------------------------------ UNITED STATES BANKRUPTCY COURT NORTHERN DISTRICT OF TEXAS SIXTH DIVISION MONTHLY OPERATING REPORT MONTH ENDING: OCTOBER 31, 2001 IN ACCORDANCE WITH TITLE 28, SECTION 1746, OF THE UNITED STATES CODE, I DECLARE UNDER PENALTY OF PERJURY THAT I HAVE EXAMINED THE FOLLOWING MONTHLY OPERATING REPORT (ACCRUAL BASIS-1 THROUGH ACCRUAL BASIS-7) AND THE ACCOMPANYING ATTACHMENTS AND, TO THE BEST OF MY KNOWLEDGE, THESE DOCUMENTS ARE TRUE, CORRECT AND COMPLETE. DECLARATION OF THE PREPARER (OTHER THAN RESPONSIBLE PARTY): IS BASED ON ALL INFORMATION OF WHICH PREPARER HAS ANY KNOWLEDGE. RESPONSIBLE PARTY: /s/ Drew Keith CHIEF FINANCIAL OFFICER ---------------------------------------- ----------------------------------- ORIGINAL SIGNATURE OF RESPONSIBLE PARTY TITLE DREW KEITH 11/20/2001 ---------------------------------------- ----------------------------------- PRINTED NAME OF RESPONSIBLE PARTY DATE PREPARER: /s/ Kevin K. Craig CONTROLLER, KITTY HAWK INC. ---------------------------------------- ----------------------------------- ORIGINAL SIGNATURE OF PREPARER TITLE KEVIN K. CRAIG 11/20/2001 ---------------------------------------- ----------------------------------- 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 OCTOBER, 2001 NOVEMBER, 2001 DECEMBER, 2001 ----------------------------------------------------------------------------------------------------------------------- 1. UNRESTRICTED CASH $ 16,904 $ 18,832 $ 0 $ 0 ----------------------------------------------------------------------------------------------------------------------- 2. RESTRICTED CASH $ 0 $ 0 $ 0 $ 0 ----------------------------------------------------------------------------------------------------------------------- 3. TOTAL CASH $ 16,904 $ 18,832 $ 0 $ 0 ----------------------------------------------------------------------------------------------------------------------- 4. ACCOUNTS RECEIVABLE (NET) $ 29,303,045 $ 3,113,116 $ 0 $ 0 ----------------------------------------------------------------------------------------------------------------------- 5. INVENTORY $ 1,508,508 $ 2,231,858 $ 0 $ 0 ----------------------------------------------------------------------------------------------------------------------- 6. NOTES RECEIVABLE $ 0 $ 0 $ 0 $ 0 ----------------------------------------------------------------------------------------------------------------------- 7. PREPAID EXPENSES $ 2,294,717 $ 6,162,102 $ 0 $ 0 ----------------------------------------------------------------------------------------------------------------------- 8. OTHER (ATTACH LIST) $111,256,463 ($31,048,261) $ 0 $ 0 ----------------------------------------------------------------------------------------------------------------------- 9. TOTAL CURRENT ASSETS $144,379,636 ($19,522,353) $ 0 $ 0 ----------------------------------------------------------------------------------------------------------------------- 10. PROPERTY, PLANT & EQUIPMENT $166,772,560 $ 130,811,596 $ 0 $ 0 ----------------------------------------------------------------------------------------------------------------------- 11. LESS: ACCUMULATED DEPRECIATION / DEPLETION $ 0 $ 64,136,459 $ 0 $ 0 ----------------------------------------------------------------------------------------------------------------------- 12. NET PROPERTY, PLANT & EQUIPMENT $166,772,560 $ 66,675,137 $ 0 $ 0 ----------------------------------------------------------------------------------------------------------------------- 13. DUE FROM INSIDERS ----------------------------------------------------------------------------------------------------------------------- 14. OTHER ASSETS - NET OF AMORTIZATION (ATTACH LIST) $ 0 $ 2,020,505 $ 0 $ 0 ----------------------------------------------------------------------------------------------------------------------- 15. OTHER (ATTACH LIST) $ 0 ----------------------------------------------------------------------------------------------------------------------- 16. TOTAL ASSETS $311,152,196 $ 49,173,289 $ 0 $ 0 ----------------------------------------------------------------------------------------------------------------------- POSTPETITION LIABILITIES ----------------------------------------------------------------------------------------------------------------------- 17. ACCOUNTS PAYABLE $ 503,215 $ 0 $ 0 ----------------------------------------------------------------------------------------------------------------------- 18. TAXES PAYABLE $ 6,400 $ 0 $ 0 ----------------------------------------------------------------------------------------------------------------------- 19. NOTES PAYABLE $ 0 $ 0 $ 0 ----------------------------------------------------------------------------------------------------------------------- 20. PROFESSIONAL FEES $ 0 $ 0 $ 0 ----------------------------------------------------------------------------------------------------------------------- 21. SECURED DEBT $ 6,881,734 $ 0 $ 0 ----------------------------------------------------------------------------------------------------------------------- 22. OTHER (ATTACH LIST) ($29,640,207) $ 0 $ 0 ----------------------------------------------------------------------------------------------------------------------- 23. TOTAL POSTPETITION LIABILITIES ($22,248,858) $ 0 $ 0 ----------------------------------------------------------------------------------------------------------------------- PREPETITION LIABILITIES ----------------------------------------------------------------------------------------------------------------------- 24. SECURED DEBT $ 5,140,250 $ 0 $ 0 ----------------------------------------------------------------------------------------------------------------------- 25. PRIORITY DEBT $ 2,177,962 $ 0 $ 0 $ 0 ----------------------------------------------------------------------------------------------------------------------- 26. UNSECURED DEBT $184,252,878 $ 29,612,452 $ 0 $ 0 ----------------------------------------------------------------------------------------------------------------------- 27. OTHER (ATTACH LIST) $ 0 $ 21,053,895 $ 0 $ 0 ----------------------------------------------------------------------------------------------------------------------- 28. TOTAL PREPETITION LIABILITIES $186,430,840 $ 55,806,597 $ 0 $ 0 ----------------------------------------------------------------------------------------------------------------------- 29. TOTAL LIABILITIES $186,430,840 $ 33,557,739 $ 0 $ 0 ----------------------------------------------------------------------------------------------------------------------- EQUITY ----------------------------------------------------------------------------------------------------------------------- 30. PREPETITION OWNERS' EQUITY $ 69,645,449 $ 0 $ 0 ----------------------------------------------------------------------------------------------------------------------- 31. POSTPETITION CUMULATIVE PROFIT OR (LOSS) ($54,029,899) $ 0 $ 0 ----------------------------------------------------------------------------------------------------------------------- 32. DIRECT CHARGES TO EQUITY (ATTACH EXPLANATION) $ 0 $ 0 ----------------------------------------------------------------------------------------------------------------------- 33. TOTAL EQUITY $ 0 $ 15,615,550 $ 0 $ 0 ----------------------------------------------------------------------------------------------------------------------- 34. TOTAL LIABILITIES & OWNERS' EQUITY $186,430,840 $ 49,173,289 $ 0 $ 0 ----------------------------------------------------------------------------------------------------------------------- $ 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 OCTOBER, 2001 NOVEMBER, 2001 DECEMBER, 2001 TOTAL ------------------------------------------------------------------------------------------------------------------------ 1. GROSS REVENUES $ 2,423,004 $ 0 $ 0 $ 2,423,004 ------------------------------------------------------------------------------------------------------------------------ 2. LESS: RETURNS & DISCOUNTS $ 0 $ 0 $ 0 $ 0 ------------------------------------------------------------------------------------------------------------------------ 3. NET REVENUE $ 2,423,004 $ 0 $ 0 $ 2,423,004 ------------------------------------------------------------------------------------------------------------------------ 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 $ 2,423,004 $ 0 $ 0 $ 2,423,004 ------------------------------------------------------------------------------------------------------------------------ OPERATING EXPENSES ------------------------------------------------------------------------------------------------------------------------ 9. OFFICER / INSIDER COMPENSATION $ 29,166 $ 0 $ 0 $ 29,166 ------------------------------------------------------------------------------------------------------------------------ 10. SELLING & MARKETING $ 0 $ 0 $ 0 $ 0 ------------------------------------------------------------------------------------------------------------------------ 11. GENERAL & ADMINISTRATIVE $ 346,576 $ 0 $ 0 $ 346,576 ------------------------------------------------------------------------------------------------------------------------ 12. RENT & LEASE $ 1,948,929 $ 0 $ 0 $ 1,948,929 ------------------------------------------------------------------------------------------------------------------------ 13. OTHER (ATTACH LIST) $ 4,962,007 $ 0 $ 0 $ 4,962,007 ------------------------------------------------------------------------------------------------------------------------ 14. TOTAL OPERATING EXPENSES $ 7,286,678 $ 0 $ 0 $ 7,286,678 ------------------------------------------------------------------------------------------------------------------------ 15. INCOME BEFORE NON-OPERATING INCOME & EXPENSE ($4,863,674) $ 0 $ 0 ($4,863,674) ------------------------------------------------------------------------------------------------------------------------ OTHER INCOME & EXPENSES ------------------------------------------------------------------------------------------------------------------------ 16. NON-OPERATING INCOME (ATT. LIST) ($95,882) $ 0 $ 0 ($95,882) ------------------------------------------------------------------------------------------------------------------------ 17. NON-OPERATING EXPENSE (ATT. LIST) $ 0 $ 0 $ 0 $ 0 ------------------------------------------------------------------------------------------------------------------------ 18. INTEREST EXPENSE $ 85,532 $ 0 $ 0 $ 85,532 ------------------------------------------------------------------------------------------------------------------------ 19. DEPRECIATION / DEPLETION $ 84,625 $ 0 $ 0 $ 84,625 ------------------------------------------------------------------------------------------------------------------------ 20. AMORTIZATION $ 0 $ 0 $ 0 $ 0 ------------------------------------------------------------------------------------------------------------------------ 21. OTHER (ATTACH LIST) ($3,903,097) $ 0 $ 0 ($3,903,097) ------------------------------------------------------------------------------------------------------------------------ 22. NET OTHER INCOME & EXPENSES ($3,828,822) $ 0 $ 0 ($3,828,822) ------------------------------------------------------------------------------------------------------------------------ REORGANIZATION EXPENSES ------------------------------------------------------------------------------------------------------------------------ 23. PROFESSIONAL FEES $ 0 $ 0 $ 0 $ 0 ------------------------------------------------------------------------------------------------------------------------ 24. U.S. TRUSTEE FEES $ 0 $ 0 $ 0 $ 0 ------------------------------------------------------------------------------------------------------------------------ 25. OTHER (ATTACH LIST) $ 0 $ 0 $ 0 $ 0 ------------------------------------------------------------------------------------------------------------------------ 26. TOTAL REORGANIZATION EXPENSES $ 0 $ 0 $ 0 $ 0 ------------------------------------------------------------------------------------------------------------------------ 27. INCOME TAX ($413,939) $ 0 $ 0 ($413,939) ------------------------------------------------------------------------------------------------------------------------ 28. NET PROFIT (LOSS) ($620,913) $ 0 $ 0 ($620,913) ------------------------------------------------------------------------------------------------------------------------ $ 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 OCTOBER, 2001 NOVEMBER, 2001 DECEMBER, 2001 TOTAL ----------------------------------------------------------------------------------------------------------- 1. CASH - BEGINNING OF MONTH $ 18,835 $18,832 $18,832 $ 18,835 ----------------------------------------------------------------------------------------------------------- RECEIPTS FROM OPERATIONS ----------------------------------------------------------------------------------------------------------- 2. CASH SALES $ 0 $ 0 $ 0 $ 0 ----------------------------------------------------------------------------------------------------------- COLLECTION OF ACCOUNTS RECEIVABLE ----------------------------------------------------------------------------------------------------------- 3. PREPETITION $ 0 $ 0 $ 0 $ 0 ----------------------------------------------------------------------------------------------------------- 4. TOTAL CASH $3,571,526 $ 0 $ 0 $3,571,526 ----------------------------------------------------------------------------------------------------------- 5. TOTAL OPERATING RECEIPTS $3,571,526 $ 0 $ 0 $3,571,526 ----------------------------------------------------------------------------------------------------------- NON - OPERATING RECEIPTS ----------------------------------------------------------------------------------------------------------- 6. LOANS & ADVANCES (ATTACH LIST) $ 0 $ 0 $ 0 $ 0 ----------------------------------------------------------------------------------------------------------- 7. SALE OF ASSETS $ 0 $ 0 $ 0 $ 0 ----------------------------------------------------------------------------------------------------------- 8. OTHER (ATTACH LIST) ($3,571,529) $ 0 $ 0 ($3,571,529) ----------------------------------------------------------------------------------------------------------- 9. TOTAL NON-OPERATING RECEIPTS ($3,571,529) $ 0 $ 0 ($3,571,529) ----------------------------------------------------------------------------------------------------------- 10. TOTAL RECEIPTS ($3) 0 $ 0 ($3) ----------------------------------------------------------------------------------------------------------- 11. TOTAL CASH AVAILABLE $ 18,832 $18,832 $18,832 $ 18,832 ----------------------------------------------------------------------------------------------------------- OPERATING DISBURSEMENTS ----------------------------------------------------------------------------------------------------------- 12. NET PAYROLL $ 0 $ 0 $ 0 $ 0 ----------------------------------------------------------------------------------------------------------- 13. PAYROLL TAXES PAID $ 0 $ 0 $ 0 $ 0 ----------------------------------------------------------------------------------------------------------- 14. SALES, USE & OTHER TAXES PAID $ 0 $ 0 $ 0 $ 0 ----------------------------------------------------------------------------------------------------------- 15. SECURED / RENTAL / LEASES $ 0 $ 0 $ 0 $ 0 ----------------------------------------------------------------------------------------------------------- 16. UTILITIES $ 0 $ 0 $ 0 $ 0 ----------------------------------------------------------------------------------------------------------- 17. INSURANCE $ 0 $ 0 $ 0 $ 0 ----------------------------------------------------------------------------------------------------------- 18. INVENTORY PURCHASES $ 0 $ 0 $ 0 $ 0 ----------------------------------------------------------------------------------------------------------- 19. VEHICLE EXPENSES $ 0 $ 0 $ 0 $ 0 ----------------------------------------------------------------------------------------------------------- 20. TRAVEL $ 0 $ 0 $ 0 $ 0 ----------------------------------------------------------------------------------------------------------- 21. ENTERTAINMENT $ 0 $ 0 $ 0 $ 0 ----------------------------------------------------------------------------------------------------------- 22. REPAIRS & MAINTENANCE $ 0 $ 0 $ 0 $ 0 ----------------------------------------------------------------------------------------------------------- 23. SUPPLIES $ 0 $ 0 $ 0 $ 0 ----------------------------------------------------------------------------------------------------------- 24. ADVERTISING $ 0 $ 0 $ 0 $ 0 ----------------------------------------------------------------------------------------------------------- 25. OTHER (ATTACH LIST) $ 0 $ 0 $ 0 $ 0 ----------------------------------------------------------------------------------------------------------- 26. TOTAL OPERATING DISBURSEMENTS $ 0 $ 0 $ 0 $ 0 ----------------------------------------------------------------------------------------------------------- REORGANIZATION EXPENSES ----------------------------------------------------------------------------------------------------------- 27. PROFESSIONAL FEES $ 0 $ 0 $ 0 $ 0 ----------------------------------------------------------------------------------------------------------- 28. U.S. TRUSTEE FEES $ 0 $ 0 $ 0 $ 0 ----------------------------------------------------------------------------------------------------------- 29. OTHER (ATTACH LIST) $ 0 $ 0 $ 0 $ 0 ----------------------------------------------------------------------------------------------------------- 30. TOTAL REORGANIZATION EXPENSES $ 0 $ 0 $ 0 $ 0 ----------------------------------------------------------------------------------------------------------- 31. TOTAL DISBURSEMENTS $ 0 $ 0 $ 0 $ 0 ----------------------------------------------------------------------------------------------------------- 32. NET CASH FLOW ($3) $ 0 $ 0 ($3) ----------------------------------------------------------------------------------------------------------- 33. CASH - END OF MONTH $ 18,832 $18,832 $18,832 $ 18,832 ----------------------------------------------------------------------------------------------------------
================================================================================ -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- 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 OCTOBER, 2001 NOVEMBER, 2001 DECEMBER, 2001 ------------------------------------------------------------------------------------------------------------------- 1. 0-30 $27,808,237 $2,285,470 $ 0 $ 0 ------------------------------------------------------------------------------------------------------------------- 2. 31-60 $ 648,873 $ 956,727 $ 0 $ 0 ------------------------------------------------------------------------------------------------------------------- 3. 61-90 $ 923,454 ($105,307) $ 0 $ 0 ------------------------------------------------------------------------------------------------------------------- 4. 91+ ($77,519) $1,392,908 $ 0 $ 0 ------------------------------------------------------------------------------------------------------------------- 5. TOTAL ACCOUNTS RECEIVABLE $29,303,045 $4,529,798 $ 0 $ 0 ------------------------------------------------------------------------------------------------------------------- 6. TOTAL CASH ------------------------------------------------------------------------------------------------------------------- 7. ACCOUNTS RECEIVABLE (NET) $29,303,045 $4,529,798 $ 0 $ 0 ------------------------------------------------------------------------------------------------------------------- --------------------------------------------------------------- AGING OF POSTPETITION TAXES AND PAYABLES MONTH: OCTOBER, 2001 ------------------------------- ------------------------------------------------------------------------------------------------------------------- 0-30 31-60 61-90 91+ TAXES PAYABLE DAYS DAYS DAYS DAYS TOTAL ------------------------------------------------------------------------------------------------------------------- 1. FEDERAL $ 0 $ 0 $ 0 $ 0 $ 0 ------------------------------------------------------------------------------------------------------------------- 2. STATE $ 6,400 $ 0 $ 0 $ 0 $ 6,400 ------------------------------------------------------------------------------------------------------------------- 3. LOCAL $ 0 $ 0 $ 0 $ 0 ------------------------------------------------------------------------------------------------------------------- 4. OTHER (ATTACH LIST) $ 0 $ 0 $ 0 $ 0 ------------------------------------------------------------------------------------------------------------------- 5. TOTAL TAXES PAYABLE $ 6,400 $ 0 $ 0 $ 0 $ 6,400 ------------------------------------------------------------------------------------------------------------------- ------------------------------------------------------------------------------------------------------------------- 6. ACCOUNTS PAYABLE $206,537 ($112,102) $ 9,580 $399,200 $ 503,215 ------------------------------------------------------------------------------------------------------------------- $ 0 --------------------------------------------- STATUS OF POSTPETITION TAXES MONTH: OCTOBER, 2001 ------------------------------- ------------------------------------------------------------------------------------------------------------------- BEGINNING AMOUNT ENDING TAX WITHHELD AND/ AMOUNT TAX FEDERAL LIABILITY* OR ACCRUED PAID LIABILITY ------------------------------------------------------------------------------------------------------------------- 1. WITHHOLDING** $ 0 $ 633,241 $633,241 $ 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 $ 633,241 $633,241 $ 0 ------------------------------------------------------------------------------------------------------------------- STATE AND LOCAL ------------------------------------------------------------------------------------------------------------------- 8. WITHHOLDING $ 0 $ 0 ------------------------------------------------------------------------------------------------------------------- 9. SALES $ 0 $ 0 ------------------------------------------------------------------------------------------------------------------- 10. EXCISE $ 10,000 $ 6,400 $ 10,000 $ 6,400 ------------------------------------------------------------------------------------------------------------------- 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 $ 10,000 $ 6,400 $ 10,000 $ 6,400 ------------------------------------------------------------------------------------------------------------------- 16. TOTAL TAXES $ 10,000 $ 639,641 $643,241 $ 6,400 -------------------------------------------------------------------------------------------------------------------
* The beginning tax liability should represent the liability from the prior month or, if this is the first operating report, the amount should be zero. ** Attach photocopies of IRS Form 6123 or your FTD coupon and payment receipt to verify payment or deposit. ---------------------------------------------------------------------------- -------------------------------------------------------------------------------- Monthly Operating Report ---------------------------------------- CASE NAME: KITTY HAWK AIRCARGO, INC. ACCRUAL BASIS-5 ---------------------------------------- ---------------------------------------- CASE NUMBER: 400-42142-BJH-11 02/13/95, RWD, 2/96 ---------------------------------------- The debtor in possession must complete the reconciliation below for each bank account, including all general, payroll and tax accounts, as well as all savings and investment accounts, money market accounts, certificates of deposit, government obligations, etc. Accounts with restricted funds should be identified by placing an asterisk next to the account number. Attach additional sheets if necessary.
TOTAL CASH MONTH: OCTOBER, 2001 --------------------------------------------- --------------------------------------------- BANK RECONCILIATIONS Account #1 Account #2 Account #3 ---------------------------------------------------------------------------------------------------------------------------- A. BANK: Bank One -------------------------------------------------------------------------------------------------------------- B. ACCOUNT NUMBER: 100130152 TOTAL -------------------------------------------------------------------------------------------------------------- C. PURPOSE (TYPE): Operating Account ---------------------------------------------------------------------------------------------------------------------------- 1. BALANCE PER BANK STATEMENT $0 $ 0 ---------------------------------------------------------------------------------------------------------------------------- 2. ADD: TOTAL DEPOSITS NOT CREDITED $0 $ 0 ---------------------------------------------------------------------------------------------------------------------------- 3. SUBTRACT: OUTSTANDING CHECKS $0 $ 0 ---------------------------------------------------------------------------------------------------------------------------- 4. OTHER RECONCILING ITEMS $0 $ 0 ---------------------------------------------------------------------------------------------------------------------------- 5. MONTH END BALANCE PER BOOKS $0 $0 $0 $ 0 ---------------------------------------------------------------------------------------------------------------------------- 6. NUMBER OF LAST CHECK WRITTEN ---------------------------------------------------------------------------------------------------------------------------- --------------------------------------------- INVESTMENT ACCOUNTS ---------------------------------------------------------------------------------------------------------------------------- DATE OF TYPE OF PURCHASE CURRENT BANK, ACCOUNT NAME & NUMBER PURCHASE INSTRUMENT PRICE VALUE ---------------------------------------------------------------------------------------------------------------------------- 7. ---------------------------------------------------------------------------------------------------------------------------- 8. ---------------------------------------------------------------------------------------------------------------------------- 9. ---------------------------------------------------------------------------------------------------------------------------- 10. ---------------------------------------------------------------------------------------------------------------------------- 11. TOTAL INVESTMENTS $0 $ 0 ---------------------------------------------------------------------------------------------------------------------------- --------------------------------------------- CASH ---------------------------------------------------------------------------------------------------------------------------- 12. CURRENCY ON HAND $ 18,832 ---------------------------------------------------------------------------------------------------------------------------- ---------------------------------------------------------------------------------------------------------------------------- 13. TOTAL CASH - END OF MONTH $ 18,832 ----------------------------------------------------------------------------------------------------------------------------
-------------------------------------------------------------------------------- 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: OCTOBER, 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 TOTAL COMPENSATION PAID ON CASH ID (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 $376,249 ------------------------------------------------------------------------- 2. Donny Scott Salary $13,333 $304,999 ------------------------------------------------------------------------- 3. Susan Hawley Salary $ 0 $ 41,667 ------------------------------------------------------------------------- 4. ------------------------------------------------------------------------- 5. ------------------------------------------------------------------------- 6. TOTAL PAYMENTS TO INSIDERS $29,166 $722,915 ------------------------------------------------------------------------- -------------------------------------------------------------------------------------------------------------- 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 $ 226,500 $ 226,500 $0 ------------------------------------------------------------------------------------------------ 2. CORPORATE TRUST/TRANSAMERICA $ 0 $ 0 $0 ------------------------------------------------------------------------------------------------ 3. PROVIDENT $ 62,500 $ 62,500 $0 ------------------------------------------------------------------------------------------------ 4. COAST BUSINESS $ 131,000 $ 131,000 $0 ------------------------------------------------------------------------------------------------ 5. WELLS FARGO $15,000,000 $15,000,000 $0 ------------------------------------------------------------------------------------------------ 6. TOTAL $15,420,000 $15,420,000 $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: OCTOBER, 2001 ------------------------
-------------------------------------------------- QUESTIONNAIRE ---------------------------------------------------------------------------------------------------------------------------- YES NO ---------------------------------------------------------------------------------------------------------------------------- 1. HAVE ANY ASSETS BEEN SOLD OR TRANSFERRED OUTSIDE X THE NORMAL COURSE OF BUSINESS THIS REPORTING PERIOD? ---------------------------------------------------------------------------------------------------------------------------- 2. HAVE ANY FUNDS BEEN DISBURSED FROM ANY ACCOUNT X OTHER THAN A DEBTOR IN POSSESSION ACCOUNT? ---------------------------------------------------------------------------------------------------------------------------- 3. TOTAL CASH X LOANS) DUE FROM RELATED PARTIES? ---------------------------------------------------------------------------------------------------------------------------- 4. HAVE ANY PAYMENTS BEEN MADE ON PREPETITION LIABILITIES X THIS REPORTING PERIOD? ---------------------------------------------------------------------------------------------------------------------------- 5. HAVE ANY POSTPETITION LOANS BEEN RECEIVED BY THE X DEBTOR FROM ANY PARTY? ---------------------------------------------------------------------------------------------------------------------------- 6. ARE ANY POSTPETITION PAYROLL TAXES PAST DUE? X ---------------------------------------------------------------------------------------------------------------------------- 7. ARE ANY POSTPETITION STATE OR FEDERAL INCOME TAXES X PAST DUE? ---------------------------------------------------------------------------------------------------------------------------- 8. ARE ANY POSTPETITION REAL ESTATE TAXES PAST DUE? X ---------------------------------------------------------------------------------------------------------------------------- 9. ARE ANY OTHER POSTPETITION TAXES PAST DUE? X ---------------------------------------------------------------------------------------------------------------------------- 10. ARE ANY AMOUNTS OWED TO POSTPETITION CREDITORS X DELINQUENT? ---------------------------------------------------------------------------------------------------------------------------- 11. HAVE ANY PREPETITION TAXES BEEN PAID DURING THE X REPORTING PERIOD? ---------------------------------------------------------------------------------------------------------------------------- 12. ARE ANY WAGE PAYMENTS PAST DUE? X ---------------------------------------------------------------------------------------------------------------------------- IF THE ANSWER TO ANY OF THE ABOVE QUESTIONS IS "YES," PROVIDE A DETAILED EXPLANATION OF EACH ITEM. ATTACH ADDITIONAL SHEETS IF NECESSARY. a) 4: Payments made to Flight Safety Boeing Training, in accordance with BR Court Order ---------------------------------------------------------------------------------------------------------------------------- ---------------------------------------------------------------------------------------------------------------------------- -------------------------------------------------- INSURANCE ---------------------------------------------------------------------------------------------------------------------------- YES NO ---------------------------------------------------------------------------------------------------------------------------- 1. ARE WORKER'S COMPENSATION, GENERAL LIABILITY AND OTHER X NECESSARY INSURANCE COVERAGES IN EFFECT? ---------------------------------------------------------------------------------------------------------------------------- 2. ARE ALL PREMIUM PAYMENTS PAID CURRENT? X ---------------------------------------------------------------------------------------------------------------------------- 3. PLEASE ITEMIZE POLICIES BELOW. ---------------------------------------------------------------------------------------------------------------------------- IF THE ANSWER TO ANY OF THE ABOVE QUESTIONS IS "NO," OR IF ANY POLICIES HAVE BEEN CANCELLED OR NOT RENEWED DURING THIS REPORTING PERIOD, PROVIDE AN EXPLANATION BELOW. ATTACH ADDITIONAL SHEETS IF NECESSARY. ---------------------------------------------------------------------------------------------------------------------------- ---------------------------------------------------------------------------------------------------------------------------- ---------------------------------------------------------------------------------------------------------------------------- INSTALLMENT PAYMENTS ---------------------------------------------------------------------------------------------------------------------------- TYPE OF PAYMENT AMOUNT POLICY CARRIER PERIOD COVERED & FREQUENCY ---------------------------------------------------------------------------------------------------------------------------- ---------------------------------------------------------------------------------------------------------------------------- SEE KITTY HAWK, INC. MOR - CASE # 400-42141-BJH-11 ---------------------------------------------------------------------------------------------------------------------------- ---------------------------------------------------------------------------------------------------------------------------- ---------------------------------------------------------------------------------------------------------------------------- ---------------------------------------------------------------------------------------------------------------------------- ----------------------------------------------------------------------------------------------------------------------------
-------------------------------------------------------------------------------- ================================================================================ ----------------------------------------- CASE NAME: KITTY HAWK AIRCARGO, INC. FOOTNOTES SUPPLEMENT ----------------------------------------- ----------------------------------------- CASE NUMBER: 400-42142-BJH-11 ACCRUAL BASIS ----------------------------------------- MONTH: OCTOBER, 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& $27,211 in 10/01 ---------------------------------------------------------------------------------------------------------------------------- ---------------------------------------------------------------------------------------------------------------------------- 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 OCTOBER, 2001 ACCRUAL BASIS-1 8. OTHER (ATTACH LIST) $ (31,048,261)Reported ----------------- Intercompany Receivables (38,497,858) Deposits - State Street Bank (TA Air) 0 Deposits - Landing & Parking 54,000 Deposits - Ventura Aerospace 65,125 Deposits - Rent 113,643 Deposits - Misc 572,125 A/C Held for Resale 6,551,971 Intangible - Mather 92,733 ----------------- TOTAL CASH (31,048,261)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) $ (29,640,207)Reported ----------------- Accrued A/P 2,516,962 Deposit held for ATAZ sale 0 Accrued Salaries & Wages 1,085,324 Accrued 401K & Misc PR Deductions 93,870 Accrued PR Taxes (FICA) 78,483 Accrued Fuel Exp 2,920,446 Accrued Interest 80,378 Accrued Maintenance Reserves (394,177) Accrued Fed Income Tax (Post) (36,021,493) ----------------- (29,640,207)Detail ----------------- - Difference 27. OTHER (ATTACH LIST) $ 21,053,895 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 614,000 ----------------- 21,053,895 Detail ----------------- - Difference CASE NAME: KITTY HAWK AIRCARGO, INC. CASE NUMBER: 400-42142-BJH-11 Details of Other Items OCTOBER, 2001 ACCRUAL BASIS-2 13. OTHER (ATTACH LIST) $ 4,962,007 Reported ------------- Aircraft Expense 1,045,092 Maintenance 1,342,324 Fuel 74,488 Ops Wages 1,727,106 Ops Wages-Grnd 150,477 Ground Handling 260 Other Operating Exp 595,049 SFAS 121 Write-down of Assets, W-Net Cancel 27,211 ------------- 4,962,007 Detail ------------- - Difference 16 NON OPERATING INCOME (ATT. LIST) ($95,882) Reported ------------- Non-Op Income (95,882) Detail ------------- - Difference 17 NON OPERATING EXPENSE (ATT. LIST) $ 0 Reported ------------- Non-Op Expense - Detail ------------- - Difference 21 OTHER (ATTACH LIST) ($3,903,097) Reported ------------- (Gain)/Loss on Sale of Assets 417 Credit for Allocation of A/C Costs to KH I/C (3,903,514) ------------- (3,903,097) Detail ------------- - Difference ACCRUAL BASIS-3 8. OTHER (ATTACH LIST) (3,571,529) Reported ------------- Transfer to Inc - all money sweeps (3,571,529) Detail ------------- to KH Inc. Case #400-42141 - Difference -------------