EX-99.5 7 dex995.txt MON. OPER. REPORT - KITTY HAWK CARGO Exhibit 99.5 -------------------------------------------------------------------------------- Monthly Operating Report ----------------------------------------- CASE NAME: KITTY HAWK CARGO, INC. ACCRUAL BASIS ----------------------------------------- ----------------------------------------- CASE NUMBER: 400-42145-BJH-11 02/13/95, RWD, 2/96 ----------------------------------------- ----------------------------------------- JUDGE: BARBARA J. HOUSER ----------------------------------------- UNITED STATES BANKRUPTCY COURT NORTHERN DISTRICT OF TEXAS SIXTH DIVISION MONTHLY OPERATING REPORT MONTH ENDING: 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 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 OCTOBER, 2001 NOVEMBER, 2001 DECEMBER, 2001 ---------------------------------------------------------------------------------------------------------------------------- 1. UNRESTRICTED CASH $ 11,751 $ 0 $ 0 ---------------------------------------------------------------------------------------------------------------------------- 2. RESTRICTED CASH $ 0 $ 0 $ 0 ---------------------------------------------------------------------------------------------------------------------------- 3. TOTAL CASH $ 0 $ 11,751 $ 0 $ 0 ---------------------------------------------------------------------------------------------------------------------------- 4. ACCOUNTS RECEIVABLE (NET) $ 41,314,895 $ 19,088,538 $ 0 $ 0 ---------------------------------------------------------------------------------------------------------------------------- 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 $ 7,961,734 $ 0 $ 0 ---------------------------------------------------------------------------------------------------------------------------- 9. TOTAL CURRENT ASSETS $143,607,621 $ 27,062,023 $ 0 $ 0 ---------------------------------------------------------------------------------------------------------------------------- 10. PROPERTY, PLANT & EQUIPMENT $ 2,455,211 $ 4,761,034 $ 0 $ 0 ---------------------------------------------------------------------------------------------------------------------------- 11. LESS: ACCUMULATED DEPRECIATION / DEPLETION $ 2,958,785 $ 0 $ 0 ---------------------------------------------------------------------------------------------------------------------------- 12. NET PROPERTY, PLANT & EQUIPMENT $ 2,455,211 $ 1,802,249 $ 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 $146,062,832 $ 28,864,272 $ 0 $ 0 ---------------------------------------------------------------------------------------------------------------------------- POSTPETITION LIABILITIES ---------------------------------------------------------------------------------------------------------------------------- 17. ACCOUNTS PAYABLE $ 236,481 $ 0 $ 0 ---------------------------------------------------------------------------------------------------------------------------- 18. TAXES PAYABLE $ 619,534 $ 0 $ 0 ---------------------------------------------------------------------------------------------------------------------------- 19. NOTES PAYABLE $ 0 $ 0 $ 0 ---------------------------------------------------------------------------------------------------------------------------- 20. PROFESSIONAL FEES $ 0 $ 0 $ 0 ---------------------------------------------------------------------------------------------------------------------------- 21. SECURED DEBT $ 0 $ 0 $ 0 ---------------------------------------------------------------------------------------------------------------------------- 22. OTHER (ATTACH LIST) ($16,801,901) $ 0 $ 0 ---------------------------------------------------------------------------------------------------------------------------- 23. TOTAL POSTPETITION LIABILITIES ($15,945,886) $ 0 $ 0 ---------------------------------------------------------------------------------------------------------------------------- PREPETITION LIABILITIES ---------------------------------------------------------------------------------------------------------------------------- 24. SECURED DEBT $ 0 $ 0 $ 0 ---------------------------------------------------------------------------------------------------------------------------- 25. PRIORITY DEBT $ 496,687 $ 0 $ 0 $ 0 ---------------------------------------------------------------------------------------------------------------------------- 26. UNSECURED DEBT $ 78,864,376 $ 5,058,160 $ 0 $ 0 ---------------------------------------------------------------------------------------------------------------------------- 27. OTHER (ATTACH LIST) $ 4,954,286 $ 0 $ 0 ---------------------------------------------------------------------------------------------------------------------------- 28. TOTAL PREPETITION LIABILITIES $ 79,361,063 $ 10,012,446 $ 0 $ 0 ---------------------------------------------------------------------------------------------------------------------------- 29. TOTAL LIABILITIES $ 79,361,063 ($5,933,440) $ 0 $ 0 ---------------------------------------------------------------------------------------------------------------------------- EQUITY ---------------------------------------------------------------------------------------------------------------------------- 30. PREPETITION OWNERS' EQUITY $ 61,741,245 $ 0 $ 0 ---------------------------------------------------------------------------------------------------------------------------- 31. POSTPETITION CUMULATIVE PROFIT OR (LOSS) ($26,943,533) $ 0 $ 0 ---------------------------------------------------------------------------------------------------------------------------- 32. DIRECT CHARGES TO EQUITY (ATTACH EXPLANATION) $ 0 $ 0 $ 0 ---------------------------------------------------------------------------------------------------------------------------- 33. TOTAL EQUITY $ 0 $ 34,797,712 $ 0 $ 0 ---------------------------------------------------------------------------------------------------------------------------- 34. TOTAL LIABILITIES & OWNERS' EQUITY $ 79,361,063 $ 28,864,272 $ 0 $ 0 ---------------------------------------------------------------------------------------------------------------------------- $ 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 OCTOBER, 2001 NOVEMBER, 2001 DECEMBER, 2001 TOTAL ---------------------------------------------------------------------------------------------------------------------------- 1. GROSS REVENUES $ 9,764,999 $ 0 $ 0 $ 9,764,999 ---------------------------------------------------------------------------------------------------------------------------- 2. LESS: RETURNS & DISCOUNTS $ 0 $ 0 $ 0 $ 0 ---------------------------------------------------------------------------------------------------------------------------- 3. NET REVENUE $ 9,764,999 $ 0 $ 0 $ 9,764,999 ---------------------------------------------------------------------------------------------------------------------------- COST OF GOODS SOLD ---------------------------------------------------------------------------------------------------------------------------- 4. MATERIAL $ 0 $ 0 $ 0 $ 0 ---------------------------------------------------------------------------------------------------------------------------- 5. DIRECT LABOR $ 0 $ 0 $ 0 $ 0 ---------------------------------------------------------------------------------------------------------------------------- 6. DIRECT OVERHEAD $ 0 $ 0 $ 0 $ 0 ---------------------------------------------------------------------------------------------------------------------------- 7. TOTAL COST OF GOODS SOLD $ 0 $ 0 $ 0 $ 0 ---------------------------------------------------------------------------------------------------------------------------- 8. GROSS PROFIT $ 9,764,999 $ 0 $ 0 $ 9,764,999 ---------------------------------------------------------------------------------------------------------------------------- OPERATING EXPENSES ---------------------------------------------------------------------------------------------------------------------------- 9. OFFICER / INSIDER COMPENSATION $ 13,333 $ 0 $ 0 $ 13,333 ---------------------------------------------------------------------------------------------------------------------------- 10. SELLING & MARKETING $ 2,220 $ 0 $ 0 $ 2,220 ---------------------------------------------------------------------------------------------------------------------------- 11. GENERAL & ADMINISTRATIVE $ 1,623,812 $ 0 $ 0 $ 1,623,812 ---------------------------------------------------------------------------------------------------------------------------- 12. RENT & LEASE $ 293,659 $ 0 $ 0 $ 293,659 ---------------------------------------------------------------------------------------------------------------------------- 13. OTHER (ATTACH LIST) $ 8,634,982 $ 0 $ 0 $ 8,634,982 ---------------------------------------------------------------------------------------------------------------------------- 14. TOTAL OPERATING EXPENSES $ 10,568,006 $ 0 $ 0 $ 10,568,006 ---------------------------------------------------------------------------------------------------------------------------- 15. INCOME BEFORE NON-OPERATING INCOME & EXPENSE ($803,007) $ 0 $ 0 ($803,007) ---------------------------------------------------------------------------------------------------------------------------- OTHER INCOME & EXPENSES ---------------------------------------------------------------------------------------------------------------------------- 16. NON-OPERATING INCOME (ATT. LIST) ($271) $ 0 $ 0 ($271) ---------------------------------------------------------------------------------------------------------------------------- 17. NON-OPERATING EXPENSE (ATT. LIST) $ 0 $ 0 $ 0 $ 0 ---------------------------------------------------------------------------------------------------------------------------- 18. INTEREST EXPENSE $ 322,610 $ 0 $ 0 $ 322,610 ---------------------------------------------------------------------------------------------------------------------------- 19. DEPRECIATION / DEPLETION $ 52,230 $ 0 $ 0 $ 52,230 ---------------------------------------------------------------------------------------------------------------------------- 20. AMORTIZATION $ 0 $ 0 $ 0 $ 0 ---------------------------------------------------------------------------------------------------------------------------- 21. OTHER (ATTACH LIST) $ 0 $ 0 $ 0 $ 0 ---------------------------------------------------------------------------------------------------------------------------- 22. NET OTHER INCOME & EXPENSES $ 374,569 $ 0 $ 0 $ 374,569 ---------------------------------------------------------------------------------------------------------------------------- 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 ($471,030) $ 0 $ 0 ($471,030) ---------------------------------------------------------------------------------------------------------------------------- 28. NET PROFIT (LOSS) ($706,546) $ 0 $ 0 ($706,546) ---------------------------------------------------------------------------------------------------------------------------- $ 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 OCTOBER, 2001 NOVEMBER, 2001 DECEMBER, 2001 TOTAL --------------------------------------------------------------------------------------------------------------------------- 1. CASH - BEGINNING OF MONTH $ 11,751 $11,751 $11,751 $ 11,751 --------------------------------------------------------------------------------------------------------------------------- RECEIPTS FROM OPERATIONS --------------------------------------------------------------------------------------------------------------------------- 2. CASH SALES $ 0 $ 0 $ 0 $ 0 --------------------------------------------------------------------------------------------------------------------------- COLLECTION OF ACCOUNTS RECEIVABLE --------------------------------------------------------------------------------------------------------------------------- 3. PREPETITION $ 0 $ 0 $ 0 $ 0 --------------------------------------------------------------------------------------------------------------------------- 4. POSTPETITION $6,554,179 $ 0 $ 0 $6,554,179 --------------------------------------------------------------------------------------------------------------------------- 5. TOTAL OPERATING RECEIPTS $6,554,179 $ 0 $ 0 $6,554,179 --------------------------------------------------------------------------------------------------------------------------- NON - OPERATING RECEIPTS --------------------------------------------------------------------------------------------------------------------------- 6. LOANS & ADVANCES (ATTACH LIST) $ 0 $ 0 $ 0 $ 0 --------------------------------------------------------------------------------------------------------------------------- 7. SALE OF ASSETS $ 0 $ 0 $ 0 $ 0 --------------------------------------------------------------------------------------------------------------------------- 8. OTHER (ATTACH LIST) ($6,554,179) $ 0 $ 0 ($6,554,179) --------------------------------------------------------------------------------------------------------------------------- 9. TOTAL NON-OPERATING RECEIPTS ($6,554,179) $ 0 $ 0 ($6,554,179) --------------------------------------------------------------------------------------------------------------------------- 10. TOTAL RECEIPTS $ 0 $ 0 $ 0 $ 0 -------------------------------------------------------------------------------------------------------------------------- 11. TOTAL CASH AVAILABLE $ 11,751 $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 $ 0 $ 0 $ 0 $ 0 --------------------------------------------------------------------------------------------------------------------------- 33. CASH - END OF MONTH $ 11,751 $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 OCTOBER, 2001 NOVEMBER, 2001 DECEMBER, 2001 ------------------------------------------------------------------------------------------------------------------------- 1. 0-30 $21,518,319 $12,147,939 $ 0 $ 0 ------------------------------------------------------------------------------------------------------------------------- 2. 31-60 $14,127,296 $ 1,400,735 $ 0 $ 0 ------------------------------------------------------------------------------------------------------------------------- 3. 61-90 $ 2,070,404 $ 1,756,036 $ 0 $ 0 ------------------------------------------------------------------------------------------------------------------------- 4. 91+ $ 3,598,876 $ 2,821,794 $ 0 $ 0 ------------------------------------------------------------------------------------------------------------------------- 5. TOTAL ACCOUNTS RECEIVABLE $41,314,895 $18,126,504 $ 0 $ 0 ------------------------------------------------------------------------------------------------------------------------- 6. AMOUNT CONSIDERED UNCOLLECTIBLE ------------------------------------------------------------------------------------------------------------------------- 7. ACCOUNTS RECEIVABLE (NET) $41,314,895 $18,126,504 $ 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 $619,534 $ 619,534 ------------------------------------------------------------------------------------------------------------------------ 2. STATE $ 0 ------------------------------------------------------------------------------------------------------------------------ 3. LOCAL $ 0 ------------------------------------------------------------------------------------------------------------------------ 4. OTHER (ATTACH LIST) $ 0 ------------------------------------------------------------------------------------------------------------------------ 5. TOTAL TAXES PAYABLE $619,534 $ 0 $ 0 $ 0 $ 619,534 ------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------ 6. ACCOUNTS PAYABLE $124,996 $ 19,667 $ 12,543 $ 79,275 $ 236,481 ------------------------------------------------------------------------------------------------------------------------ $ 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 $ 0 ------------------------------------------------------------------------------------------------------------------------ 2. FICA-EMPLOYEE** $ 0 $ 0 ------------------------------------------------------------------------------------------------------------------------ 3. FICA-EMPLOYER** $ 0 $ 0 ------------------------------------------------------------------------------------------------------------------------ 4. UNEMPLOYMENT $ 0 $ 0 ------------------------------------------------------------------------------------------------------------------------ 5. INCOME $ 0 $ 0 ------------------------------------------------------------------------------------------------------------------------ 6. OTHER (ATTACH LIST) $ 285,852 $ 619,534 $285,852 $ 619,534 ------------------------------------------------------------------------------------------------------------------------ 7. TOTAL FEDERAL TAXES $ 285,852 $ 619,534 $285,852 $ 619,534 ------------------------------------------------------------------------------------------------------------------------ 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 $ 285,852 $ 619,534 $285,852 $ 619,534 ------------------------------------------------------------------------------------------------------------------------
* 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: OCTOBER, 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: 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 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 $311,498 -------------------------------------------------------------------------------------------------- 2. -------------------------------------------------------------------------------------------------- 3. -------------------------------------------------------------------------------------------------- 4. -------------------------------------------------------------------------------------------------- 5. -------------------------------------------------------------------------------------------------- 6. TOTAL PAYMENTS TO INSIDERS $ 13,333 $311,498 -------------------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------------------------------------------- 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 $ 6,019 $ 6,019 $ 0 ---------------------------------------------------------------------------------------------------------------------- 5. Airport Group Int'l - ATL $ 11,200 $ 11,200 $ 0 ---------------------------------------------------------------------------------------------------------------------- 6. TOTAL $249,632 $249,632 $ 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: 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. ARE ANY POSTPETITION RECEIVABLES (ACCOUNTS, NOTES, OR X LOANS) DUE FROM RELATED PARTIES? ---------------------------------------------------------------------------------------------------------------------------- 4. HAVE ANY PAYMENTS BEEN MADE ON PREPETITION LIABILITIES X THIS REPORTING PERIOD? ---------------------------------------------------------------------------------------------------------------------------- 5. HAVE ANY POSTPETITION LOANS BEEN RECEIVED BY THE X DEBTOR FROM ANY PARTY? ---------------------------------------------------------------------------------------------------------------------------- 6. ARE ANY POSTPETITION PAYROLL TAXES PAST DUE? X ---------------------------------------------------------------------------------------------------------------------------- 7. ARE ANY POSTPETITION STATE OR FEDERAL INCOME TAXES X PAST DUE? ---------------------------------------------------------------------------------------------------------------------------- 8. ARE ANY POSTPETITION REAL ESTATE TAXES PAST DUE? X ---------------------------------------------------------------------------------------------------------------------------- 9. ARE ANY OTHER POSTPETITION TAXES PAST DUE? X ---------------------------------------------------------------------------------------------------------------------------- 10. ARE ANY AMOUNTS OWED TO POSTPETITION CREDITORS X DELINQUENT? ---------------------------------------------------------------------------------------------------------------------------- 11. HAVE ANY PREPETITION TAXES BEEN PAID DURING THE X REPORTING PERIOD? ---------------------------------------------------------------------------------------------------------------------------- 12. ARE ANY WAGE PAYMENTS PAST DUE? X ---------------------------------------------------------------------------------------------------------------------------- IF THE ANSWER TO ANY OF THE ABOVE QUESTIONS IS "YES," PROVIDE A DETAILED EXPLANATION OF EACH ITEM. ATTACH ADDITIONAL SHEETS IF NECESSARY. ------------------------------------------------------------------------ ------------------------------------------------------------------------ -------------------------------------------------- INSURANCE ---------------------------------------------------------------------------------------------------------------------------- YES NO ---------------------------------------------------------------------------------------------------------------------------- 1. ARE WORKER'S COMPENSATION, GENERAL LIABILITY AND OTHER X NECESSARY INSURANCE COVERAGES IN EFFECT? ---------------------------------------------------------------------------------------------------------------------------- 2. ARE ALL PREMIUM PAYMENTS PAID CURRENT? X ---------------------------------------------------------------------------------------------------------------------------- 3. PLEASE ITEMIZE POLICIES BELOW. ---------------------------------------------------------------------------------------------------------------------------- IF THE ANSWER TO ANY OF THE ABOVE QUESTIONS IS "NO," OR IF ANY POLICIES HAVE BEEN CANCELLED OR NOT RENEWED DURING THIS REPORTING PERIOD, PROVIDE AN EXPLANATION BELOW. ATTACH ADDITIONAL SHEETS IF NECESSARY. ------------------------------------------------------------------------ ------------------------------------------------------------------------ ---------------------------------------------------------------------------------------------------------------------------- INSTALLMENT PAYMENTS ---------------------------------------------------------------------------------------------------------------------------- TYPE OF PAYMENT AMOUNT POLICY CARRIER PERIOD COVERED & FREQUENCY ---------------------------------------------------------------------------------------------------------------------------- ---------------------------------------------------------------------------------------------------------------------------- SEE KITTY HAWK, INC. MOR - CASE # 00-42141-BJH-11 ---------------------------------------------------------------------------------------------------------------------------- ---------------------------------------------------------------------------------------------------------------------------- ---------------------------------------------------------------------------------------------------------------------------- ---------------------------------------------------------------------------------------------------------------------------- ----------------------------------------------------------------------------------------------------------------------------
-------------------------------------------------------------------------------- ================================================================================ ------------------------------------------ CASE NAME: Kitty Hawk Cargo, Inc. FOOTNOTES SUPPLEMENT ------------------------------------------ ------------------------------------------ CASE NUMBER: 400-42145-BJH-11 ACCRUAL BASIS ------------------------------------------ MONTH: OCTOBER, 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 OCTOBER, 2001 ACCRUAL BASIS-1
8. OTHER (ATTACH LIST) $ 7,961,734 Reported -------------------- Net of all I/C Accts Receivable/Payable 4,944,397 Intangibles - Other 154,458 Note Receivable - AFL 2,499,195 Pre-Paid Insurance 3,630 Pre-Paid Misc 23,250 Deposits 336,804 -------------------- 7,961,734 Detail -------------------- - Difference -------------------- 22. OTHER (ATTACH LIST) $ (16,801,901) Reported -------------------- Accrued Liabilities 1,245,673 Accrued Salaries & PR Taxes - Less: FET Taxes Payable (Line 18) 619,534 Post-petition Fed Inc Tax (18,667,108) -------------------- *** FET recorded in Taxes Payable (16,801,901) 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) $ 8,634,982 Reported -------------------- Aircraft Costs 198,696 I/C Aircraft Costs (KHA) 4,231,473 KHC Ground Handling (Operations Payroll) 778,956 Outstation Ground Handling 917,202 Trucking Costs 375,750 Fuel 2,035,230 Contract Labor - Other 97,675 -------------------- 8,634,982 Detail -------------------- - Difference ACCRUAL BASIS-3 8. OTHER (ATTACH LIST) (6,554,179) Reported -------------------- Transfer to Inc - all money sweeps (6,554,179) Detail -------------------- to KH Inc. Case #400-42141 - Difference -------------------- ACCRUAL BASIS-4 6. OTHER (ATTACH LIST) 905,386 Reported -------------------- FET (720) 9/12-15/01 Pd 10/10 17,004 FET (720) 9/16-30/01 Pd 10/25 234,424 FET (720) Refunds - Reconciling Items 34,424 FET (720) 10/01-31/01 619,534 -------------------- 905,386 Detail -------------------- - Difference --------------------