EX-99.1 3 dex991.txt MONTHLY REPORT KITTY HAWK, INC. Exhibit 99.1 ----------------------------------------------------------------------- Monthly Operating Report ----------------------------- CASE NAME: Kitty Hawk, Inc. ACCRUAL BASIS ----------------------------- ----------------------------- CASE NUMBER: 400-42141-BJH 02/13/95, RWD, 2/96 ----------------------------- ----------------------------- JUDGE: Barbara J. Houser ----------------------------- UNITED STATES BANKRUPTCY COURT NORTHERN DISTRICT OF TEXAS SIXTH DIVISION MONTHLY OPERATING REPORT MONTH ENDING: JANUARY 31, 2002 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 2/20/2002 --------------------------------------- --------------------------- PRINTED NAME OF RESPONSIBLE PARTY DATE PREPARER: /s/ Jessica L. Wilson Chief Accounting Officer --------------------------------------- --------------------------- ORIGINAL SIGNATURE OF PREPARER TITLE Jessica L. Wilson 2/20/2002 --------------------------------------- --------------------------- PRINTED NAME OF PREPARER DATE ----------------------------------------------------------------------- -------------------------------------------------------------------------------- Monthly Operating Report ---------------------------- CASE NAME: Kitty Hawk, Inc. ACCRUAL BASIS-1 ---------------------------- ---------------------------- CASE NUMBER: 400-42141-BJH 02/13/95, RWD, 2/96 ----------------------------
---------------------------- COMPARATIVE BALANCE SHEET --------------------------------------------------------------------------------------- SCHEDULE MONTH MONTH MONTH ------------------------------- ASSETS AMOUNT January 2002 --------------------------------------------------------------------------------------- 1. UNRESTRICTED CASH $ 13,401,586 $ 20,180,937 $0 $0 --------------------------------------------------------------------------------------- 2. RESTRICTED CASH $ 0 $0 $0 --------------------------------------------------------------------------------------- 3. TOTAL CASH $ 13,401,586 $ 20,180,937 $0 $0 --------------------------------------------------------------------------------------- 4. ACCOUNTS RECEIVABLE (NET) ($14,520,034) $0 $0 ---------------------------------------------------------------------------------------- 5. INVENTORY $ 0 $0 $0 --------------------------------------------------------------------------------------- 6. NOTES RECEIVABLE $ 15,000 $ 15,000 $0 $0 --------------------------------------------------------------------------------------- 7. PREPAID EXPENSES $ 271,167 $0 $0 --------------------------------------------------------------------------------------- 8. OTHER (ATTACH LIST) $422,186,692 $ 322,944,667 $0 $0 --------------------------------------------------------------------------------------- 9. TOTAL CURRENT ASSETS $435,603,278 $ 328,891,737 $0 $0 --------------------------------------------------------------------------------------- 10. PROPERTY, PLANT & EQUIPMENT $ 2,425,652 $ 7,539,078 $0 $0 --------------------------------------------------------------------------------------- 11. LESS: ACCUMULATED DEPRECIATION / DEPLETION $ 4,186,330 $0 $0 --------------------------------------------------------------------------------------- 12. NET PROPERTY, PLANT & EQUIPMENT $ 2,425,652 $ 3,352,748 $0 $0 --------------------------------------------------------------------------------------- 13. DUE FROM INSIDERS $ 62,465 $ 196,763 $0 $0 --------------------------------------------------------------------------------------- 14. OTHER ASSETS - NET OF AMORTIZATION (ATTACH LIST) $ 10,967,208 $ 8,943,809 $0 $0 --------------------------------------------------------------------------------------- 15. OTHER (ATTACH LIST) $138,370,015 $ 138,370,015 $0 $0 --------------------------------------------------------------------------------------- 16. TOTAL ASSETS $587,428,618 $ 479,755,072 $0 $0 --------------------------------------------------------------------------------------- POSTPETITION LIABILITIES --------------------------------------------------------------------------------------- 17. ACCOUNTS PAYABLE $ 783,241 $0 $0 --------------------------------------------------------------------------------------- 18. TAXES PAYABLE ($79,626) $0 $0 --------------------------------------------------------------------------------------- 19. NOTES PAYABLE $ 0 $0 $0 --------------------------------------------------------------------------------------- 20. PROFESSIONAL FEES $ 1,325,700 $0 $0 --------------------------------------------------------------------------------------- 21. SECURED DEBT $ 0 $0 $0 --------------------------------------------------------------------------------------- 22. OTHER (ATTACH LIST) $ 579,453 $0 $0 --------------------------------------------------------------------------------------- 23. TOTAL POSTPETITION LIABILITIES $ 2,608,768 $0 $0 --------------------------------------------------------------------------------------- PREPETITION LIABILITIES --------------------------------------------------------------------------------------- 24. SECURED DEBT $466,119,468 $ 347,726,052 $0 $0 --------------------------------------------------------------------------------------- 25. PRIORITY DEBT $ 29,661 $ 0 $0 $0 --------------------------------------------------------------------------------------- 26. UNSECURED DEBT $ 22,580,547 $ 2,232,210 $0 $0 --------------------------------------------------------------------------------------- 27. OTHER (ATTACH LIST) $ 0 $ 28,849,513 $0 $0 --------------------------------------------------------------------------------------- 28. TOTAL PREPETITION LIABILITIES $488,729,676 $ 378,807,775 $0 $0 --------------------------------------------------------------------------------------- 29. TOTAL LIABILITIES $488,729,676 $ 381,416,543 $0 $0 --------------------------------------------------------------------------------------- EQUITY --------------------------------------------------------------------------------------- 30. PREPETITION OWNERS' EQUITY $ 98,457,967 $0 $0 --------------------------------------------------------------------------------------- 31. POSTPETITION CUMULATIVE PROFIT OR (LOSS) ($119,438) $0 $0 --------------------------------------------------------------------------------------- 32. DIRECT CHARGES TO EQUITY (ATTACH EXPLANATION) --------------------------------------------------------------------------------------- 33. TOTAL EQUITY $ 0 $ 98,338,529 $0 $0 --------------------------------------------------------------------------------------- 34. TOTAL LIABILITIES & OWNERS' EQUITY $488,729,676 $ 479,755,072 $0 $0 ----------------------------------------------------------------------------------------
-------------------------------------------------------------------------------- -------------------------------------------------------------------------------- Monthly Operating Report ---------------------------------- CASE NAME: Kitty Hawk, Inc. ACCRUAL BASIS-2 ---------------------------------- ---------------------------------- CASE NUMBER: 400-42141-BJH 02/13/95, RWD, 2/96 ----------------------------------
---------------------------------- INCOME STATEMENT --------------------------------------------------------------------------------- MONTH MONTH MONTH QUARTER ------------------------- REVENUES January 2002 TOTAL --------------------------------------------------------------------------------- 1. GROSS REVENUES $ 0 $0 $0 $ 0 --------------------------------------------------------------------------------- 2. LESS: RETURNS & DISCOUNTS $ 0 $0 $0 $ 0 --------------------------------------------------------------------------------- 3. NET REVENUE $ 0 $0 $0 $ 0 --------------------------------------------------------------------------------- COST OF GOODS SOLD --------------------------------------------------------------------------------- 4. MATERIAL $ 0 $0 $0 $ 0 --------------------------------------------------------------------------------- 5. DIRECT LABOR $ 0 $0 $0 $ 0 --------------------------------------------------------------------------------- 6. DIRECT OVERHEAD $ 0 $0 $0 $ 0 --------------------------------------------------------------------------------- 7. TOTAL COST OF GOODS SOLD $ 0 $0 $0 $ 0 --------------------------------------------------------------------------------- 8. GROSS PROFIT $ 0 $0 $0 $ 0 --------------------------------------------------------------------------------- OPERATING EXPENSES --------------------------------------------------------------------------------- 9. OFFICER / INSIDER COMPENSATION $ 49,272 $0 $0 $ 49,272 --------------------------------------------------------------------------------- 10. SELLING & MARKETING $ 0 $0 $0 $ 0 --------------------------------------------------------------------------------- 11. GENERAL & ADMINISTRATIVE ($699,032) $0 $0 ($699,032) --------------------------------------------------------------------------------- 12. RENT & LEASE $ 21,258 $0 $0 $ 21,258 --------------------------------------------------------------------------------- 13. OTHER (ATTACH LIST) $ 0 $0 $0 $ 0 --------------------------------------------------------------------------------- 14. TOTAL OPERATING EXPENSES ($628,502) $0 $0 $ 628,502) --------------------------------------------------------------------------------- 15. INCOME BEFORE NON-OPERATING INCOME & EXPENSE $ 628,502 $0 $0 $ 628,502 --------------------------------------------------------------------------------- OTHER INCOME & EXPENSES --------------------------------------------------------------------------------- 16. NON-OPERATING INCOME (ATT. LIST) ($17,278) $0 $0 ($17,278) --------------------------------------------------------------------------------- 17. NON-OPERATING EXPENSE (ATT. LIST) $ 0 $0 $0 $ 0 --------------------------------------------------------------------------------- 18. INTEREST EXPENSE $ 216,343 $0 $0 $ 216,343 --------------------------------------------------------------------------------- 19. DEPRECIATION / DEPLETION $ 82,886 $0 $0 $ 82,886 --------------------------------------------------------------------------------- 20. AMORTIZATION $ 75,399 $0 $0 $ 75,399 --------------------------------------------------------------------------------- 21. OTHER (ATTACH LIST) $ 0 $0 $0 $ 0 --------------------------------------------------------------------------------- 22. NET OTHER INCOME & EXPENSES $ 357,350 $0 $0 $ 357,350 --------------------------------------------------------------------------------- REORGANIZATION EXPENSES --------------------------------------------------------------------------------- 23. PROFESSIONAL FEES $ 470,216 $0 $0 $ 470,216 --------------------------------------------------------------------------------- 24. U.S. TRUSTEE FEES $ 0 $0 $0 $ 0 --------------------------------------------------------------------------------- 25. OTHER (ATTACH LIST) $ 0 $0 $0 $ 0 --------------------------------------------------------------------------------- 26. TOTAL REORGANIZATION EXPENSES $ 470,216 $0 $0 $ 470,216 --------------------------------------------------------------------------------- 27. INCOME TAX ($79,626) $0 $0 ($79,626) --------------------------------------------------------------------------------- 28. NET PROFIT (LOSS) ($119,438) $0 $0 ($119,438) ---------------------------------------------------------------------------------
-------------------------------------------------------------------------------- -------------------------------------------------------------------------------- Monthly Operating Report ------------------------------------- CASE NAME: Kitty Hawk, Inc. ACCRUAL BASIS-3 ------------------------------------- ------------------------------------- CASE NUMBER: 400-42141-BJH 02/13/95, RWD, 2/96 -------------------------------------
----------------------------------------------------------------------------------------------------- CASH RECEIPTS AND MONTH MONTH MONTH QUARTER ---------------------------------------- DISBURSEMENTS January 2002 TOTAL ----------------------------------------------------------------------------------------------------- 1. CASH - BEGINNING OF MONTH $14,061,386 $0 $0 $14,061,386 ----------------------------------------------------------------------------------------------------- RECEIPTS FROM OPERATIONS ----------------------------------------------------------------------------------------------------- 2. CASH SALES $ 0 $0 $0 $ 0 ----------------------------------------------------------------------------------------------------- COLLECTION OF ACCOUNTS RECEIVABLE ----------------------------------------------------------------------------------------------------- 3. PREPETITION $ 0 $0 $0 $ 0 ----------------------------------------------------------------------------------------------------- 4. POSTPETITION $ 0 $0 $0 $ 0 ----------------------------------------------------------------------------------------------------- 5. TOTAL OPERATING RECEIPTS $ 0 $0 $0 $ 0 ----------------------------------------------------------------------------------------------------- NON - OPERATING RECEIPTS ----------------------------------------------------------------------------------------------------- 6. LOANS & ADVANCES (ATTACH LIST) $ 0 $0 $0 $ 0 ----------------------------------------------------------------------------------------------------- 7. SALE OF ASSETS $ 0 $0 $0 $ 0 ----------------------------------------------------------------------------------------------------- 8. OTHER (ATTACH LIST) $35,343,604 $0 $0 $35,343,604 ----------------------------------------------------------------------------------------------------- 9. TOTAL NON-OPERATING RECEIPTS $35,343,604 $0 $0 $35,343,604 ----------------------------------------------------------------------------------------------------- 10. TOTAL RECEIPTS $35,343,604 $0 $0 $35,343,604 ----------------------------------------------------------------------------------------------------- 11. TOTAL CASH AVAILABLE $49,404,990 $0 $0 $49,404,990 ----------------------------------------------------------------------------------------------------- OPERATING DISBURSEMENTS ----------------------------------------------------------------------------------------------------- 12. NET PAYROLL $ 1,894,351 $0 $0 $ 1,894,351 ----------------------------------------------------------------------------------------------------- 13. PAYROLL TAXES PAID $ 829,271 $0 $0 $ 829,271 ----------------------------------------------------------------------------------------------------- 14. SALES, USE & OTHER TAXES PAID $ 0 $0 $0 $ 0 ----------------------------------------------------------------------------------------------------- 15. SECURED / RENTAL / LEASES $18,610,867 $0 $0 $18,610,867 ----------------------------------------------------------------------------------------------------- 16. UTILITIES $ 89,643 $0 $0 $ 89,643 ----------------------------------------------------------------------------------------------------- 17. INSURANCE $ 609,286 $0 $0 $ 609,286 ----------------------------------------------------------------------------------------------------- 18. INVENTORY PURCHASES $ 0 $0 $0 $ 0 ----------------------------------------------------------------------------------------------------- 19. VEHICLE EXPENSES $ 0 $0 $0 $ 0 ----------------------------------------------------------------------------------------------------- 20. TRAVEL $ 372,940 $0 $0 $ 372,940 ----------------------------------------------------------------------------------------------------- 21. ENTERTAINMENT $ 0 $0 $0 $ 0 ----------------------------------------------------------------------------------------------------- 22. REPAIRS & MAINTENANCE $ 792,351 $0 $0 $ 792,351 ----------------------------------------------------------------------------------------------------- 23. SUPPLIES $ 0 $0 $0 $ 0 ----------------------------------------------------------------------------------------------------- 24. ADVERTISING $ 3,814 $0 $0 $ 3,814 ----------------------------------------------------------------------------------------------------- 25. OTHER (ATTACH LIST) $ 5,758,680 $0 $0 $ 5,758,680 ----------------------------------------------------------------------------------------------------- 26. TOTAL OPERATING DISBURSEMENTS $28,961,203 $0 $0 $28,961,203 ----------------------------------------------------------------------------------------------------- REORGANIZATION EXPENSES ----------------------------------------------------------------------------------------------------- 27. PROFESSIONAL FEES $ 242,600 $0 $0 $ 242,600 ----------------------------------------------------------------------------------------------------- 28. U.S. TRUSTEE FEES $ 20,250 $0 $0 $ 20,250 ----------------------------------------------------------------------------------------------------- 29. OTHER (ATTACH LIST) $ 0 $0 $0 $ 0 ----------------------------------------------------------------------------------------------------- 30. TOTAL REORGANIZATION EXPENSES $ 262,850 $0 $0 $ 262,850 ----------------------------------------------------------------------------------------------------- 31. TOTAL DISBURSEMENTS $29,224,053 $0 $0 $29,224,053 ----------------------------------------------------------------------------------------------------- 32. NET CASH FLOW $ 6,119,551 $0 $0 $ 6,119,551 ----------------------------------------------------------------------------------------------------- 33. CASH - END OF MONTH $20,180,937 $0 $0 $20,180,937 ----------------------------------------------------------------------------------------------------- =======================================================================================================
-------------------------------------------------------------------------------- -------------------------------------------------------------------------------- Monthly Operating Report ------------------------------------- CASE NAME: Kitty Hawk, Inc. ACCRUAL BASIS-4 ------------------------------------- ------------------------------------- CASE NUMBER: 400-42141-BJH 02/13/95, RWD, 2/96 -------------------------------------
----------------------------------------------------------------------------------------------------- SCHEDULE MONTH MONTH MONTH ---------------------------------------- ACCOUNTS RECEIVABLE AGING AMOUNT January 2002 ----------------------------------------------------------------------------------------------------- 1. 0-30 $ 22,604 $0 $0 ----------------------------------------------------------------------------------------------------- 2. 31-60 $ 0 $0 $0 ----------------------------------------------------------------------------------------------------- 3. 61-90 $ 0 $0 $0 ----------------------------------------------------------------------------------------------------- 4. 91+ $ 63,261 $0 $0 ----------------------------------------------------------------------------------------------------- 5. TOTAL ACCOUNTS RECEIVABLE $ 0 $ 85,865 $0 $0 ----------------------------------------------------------------------------------------------------- 6. AMOUNT CONSIDERED UNCOLLECTIBLE $14,605,899 $0 $0 ----------------------------------------------------------------------------------------------------- 7. ACCOUNTS RECEIVABLE (NET) $ 0 ($14,520,034) $0 $0 -----------------------------------------------------------------------------------------------------
------------------------------------------------------- AGING OF POSTPETITION TAXES AND PAYABLES MONTH: January 2002 -------------------- ----------------------------------------------------------------------------------------------------- 0-30 31-60 61-90 91+ TAXES PAYABLE DAYS DAYS DAYS DAYS TOTAL ----------------------------------------------------------------------------------------------------- 1. FEDERAL ($79,626) $ 0 $ 0 $ 0 ($79,626) ----------------------------------------------------------------------------------------------------- 2. STATE $ 0 $ 0 $ 0 $ 0 $ 0 ----------------------------------------------------------------------------------------------------- 3. LOCAL $ 0 $ 0 $ 0 $ 0 $ 0 ----------------------------------------------------------------------------------------------------- 4. OTHER (ATTACH LIST) $ 0 $ 0 $ 0 $ 0 $ 0 ----------------------------------------------------------------------------------------------------- 5. TOTAL TAXES PAYABLE ($79,626) $ 0 $ 0 $ 0 ($79,626) ----------------------------------------------------------------------------------------------------- ----------------------------------------------------------------------------------------------------- 6. ACCOUNTS PAYABLE $15,067 $95,172 $34,772 $638,230 $783,241 -----------------------------------------------------------------------------------------------------
------------------------------------------------- STATUS OF POSTPETITION TAXES MONTH: January 2002 -------------------- ----------------------------------------------------------------------------------------------------- BEGINNING AMOUNT ENDING TAX WITHHELD AND/ AMOUNT TAX FEDERAL LIABILITY* OR ACCRUED PAID LIABILITY ----------------------------------------------------------------------------------------------------- 1. WITHHOLDING** $0 $133,496 $133,496 $ 0 ----------------------------------------------------------------------------------------------------- 2. FICA-EMPLOYEE** $0 $ 0 $ 0 $ 0 ----------------------------------------------------------------------------------------------------- 3. FICA-EMPLOYER** $0 $ 0 $ 0 $ 0 ----------------------------------------------------------------------------------------------------- 4. UNEMPLOYMENT $0 $ 0 $ 0 $ 0 ----------------------------------------------------------------------------------------------------- 5. INCOME $0 ($79,626) $ 0 ($79,626) ----------------------------------------------------------------------------------------------------- 6. OTHER (ATTACH LIST) $0 $ 0 $ 0 $ 0 ----------------------------------------------------------------------------------------------------- 7. TOTAL FEDERAL TAXES $0 $ 53,870 $133,496 ($79,626) ----------------------------------------------------------------------------------------------------- STATE AND LOCAL ----------------------------------------------------------------------------------------------------- 8. WITHHOLDING $0 $ 0 $ 0 $ 0 ----------------------------------------------------------------------------------------------------- 9. SALES $0 $ 0 $ 0 $ 0 ----------------------------------------------------------------------------------------------------- 10. EXCISE $0 $ 0 $ 0 $ 0 ----------------------------------------------------------------------------------------------------- 11. UNEMPLOYMENT $0 $ 0 $ 0 $ 0 ----------------------------------------------------------------------------------------------------- 12. REAL PROPERTY $0 $ 0 $ 0 $ 0 ----------------------------------------------------------------------------------------------------- 13. PERSONAL PROPERTY $0 $ 0 $ 0 $ 0 ----------------------------------------------------------------------------------------------------- 14. OTHER (ATTACH LIST) $0 $ 0 $ 0 $ 0 ----------------------------------------------------------------------------------------------------- 15. TOTAL STATE & LOCAL $0 $ 0 $ 0 $ 0 ----------------------------------------------------------------------------------------------------- 16. TOTAL TAXES $0 $ 53,870 $133,496 ($79,626) -----------------------------------------------------------------------------------------------------
* The beginning tax liability should represent the liability from the prior month or, if this is the first operating report, the amount should be zero. ** Attach photocopies of IRS Form 6123 or your FTD coupon and payment receipt to verify payment or deposit. -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- Monthly Operating Report ------------------------------------- CASE NAME: Kitty Hawk, Inc. ACCRUAL BASIS-5 ------------------------------------- ------------------------------------- CASE NUMBER: 400-42141-BJH 02/13/95, RWD, 2/96 ------------------------------------- The debtor in possession must complete the reconciliation below for each bank account, including all general, payroll and tax accounts, as well as all savings and investment accounts, money market accounts, certificates of deposit, government obligations, etc. Accounts with restricted funds should be identified by placing an asterisk next to the account number. Attach additional sheets if necessary.
MONTH: January 2002 ------------------------------------ ------------------------------------------ BANK RECONCILIATIONS Account #1 Account #2 Account #3 ---------------------------------------------------------------------------------------------------------------------- A. BANK: Bank One Bank One Wells Fargo ----------------------------------------------------------------------------------------------------- B. ACCOUNT NUMBER: 100140334 9319959434 4417-881463 TOTAL ----------------------------------------------------------------------------------------------------- C. PURPOSE (TYPE): Operating Disbursement Operating ---------------------------------------------------------------------------------------------------------------------- 1. BALANCE PER BANK STATEMENT $312,722 $ 300,000 $38,107 $ 738,474 ---------------------------------------------------------------------------------------------------------------------- 2. ADD: TOTAL DEPOSITS NOT CREDITED $ 0 $ 0 $ 0 $ 0 ---------------------------------------------------------------------------------------------------------------------- 3. SUBTRACT: OUTSTANDING CHECKS $ 0 $1,745,528 $ 152 $1,806,448 ---------------------------------------------------------------------------------------------------------------------- 4. OTHER RECONCILING ITEMS $ 0 $ 0 $ 0 $ 325,382 ---------------------------------------------------------------------------------------------------------------------- 5. MONTH END BALANCE PER BOOKS $312,722 ($1,445,528) $37,955 ($1,094,851) ---------------------------------------------------------------------------------------------------------------------- 6. NUMBER OF LAST CHECK WRITTEN No checks 42717 No checks ----------------------------------------------------------------------------------------------------------------------
------------------------------------------ INVESTMENT ACCOUNTS ---------------------------------------------------------------------------------------------------------------------- DATE OF TYPE OF PURCHASE CURRENT BANK, ACCOUNT NAME & NUMBER PURCHASE INSTRUMENT PRICE VALUE ---------------------------------------------------------------------------------------------------------------------- 7. Wells Fargo Certificate of Deposit CD $ 600,000 $ 605,115 ---------------------------------------------------------------------------------------------------------------------- 8. Bank One 1/31/2002 Overnight Sweep $20,315,914 $20,315,914 ---------------------------------------------------------------------------------------------------------------------- 9. N/A ---------------------------------------------------------------------------------------------------------------------- 10. N/A ---------------------------------------------------------------------------------------------------------------------- 11. TOTAL INVESTMENTS $20,915,914 $20,921,029 ---------------------------------------------------------------------------------------------------------------------- ------------------------------------------ CASH ---------------------------------------------------------------------------------------------------------------------- 12. CURRENCY ON HAND $ 2,500 ---------------------------------------------------------------------------------------------------------------------- ---------------------------------------------------------------------------------------------------------------------- 13. TOTAL CASH - END OF MONTH $20,180,937 ----------------------------------------------------------------------------------------------------------------------
-------------------------------------------------------------------------------- -------------------------------------------------------------------------------- Monthly Operating Report ------------------------------------- CASE NAME: Kitty Hawk, Inc. ACCRUAL BASIS-5 ------------------------------------- ------------------------------------- CASE NUMBER: 400-42141-BJH 02/13/95, RWD, 2/96 ------------------------------------- The debtor in possession must complete the reconciliation below for each bank account, including all general, payroll and tax accounts, as well as all savings and investment accounts, money market accounts, certificates of deposit, government obligations, etc. Accounts with restricted funds should be identified by placing an asterisk next to the account number. Attach additional sheets if necessary. MONTH: January 2002 -------------------------------------
----------------------------------- BANK RECONCILIATIONS Account #4 Account #5 Account #6 --------------------------------------------------------------------------------------------------------------- A. BANK: Bank One Bank One Bank One ------------------------------------------------------------------------------------------------------ B. ACCOUNT NUMBER: 1570695922 100129949/9319958451 1586268961 TOTAL ------------------------------------------------------------------------------------------------------ C. PURPOSE (TYPE): Payroll Health Insurance Flex Spending --------------------------------------------------------------------------------------------------------------- 1. BALANCE PER BANK STATEMENT $ 49,433 $24,266 $13,946 $ 87,645 --------------------------------------------------------------------------------------------------------------- 2. ADD: TOTAL DEPOSITS NOT CREDITED $ 0 $ 0 $ 0 $ 0 --------------------------------------------------------------------------------------------------------------- 3. SUBTRACT: OUTSTANDING CHECKS $ 36,502 $24,266 $ 0 $ 60,768 --------------------------------------------------------------------------------------------------------------- 4. OTHER RECONCILING ITEMS $325,382 $ 0 $ 0 $325,382 --------------------------------------------------------------------------------------------------------------- 5. MONTH END BALANCE PER BOOKS $338,313 $ 0 $13,946 $352,259 --------------------------------------------------------------------------------------------------------------- 6. NUMBER OF LAST CHECK WRITTEN 91183 157934 11147 --------------------------------------------------------------------------------------------------------------- ----------------------------------- INVESTMENT ACCOUNTS --------------------------------------------------------------------------------------------------------------- DATE OF TYPE OF PURCHASE CURRENT BANK, ACCOUNT NAME & NUMBER PURCHASE INSTRUMENT PRICE VALUE --------------------------------------------------------------------------------------------------------------- 7. --------------------------------------------------------------------------------------------------------------- 8. --------------------------------------------------------------------------------------------------------------- 9. --------------------------------------------------------------------------------------------------------------- 10. --------------------------------------------------------------------------------------------------------------- 11. TOTAL INVESTMENTS $ 0 $ 0 --------------------------------------------------------------------------------------------------------------- ----------------------------------- CASH --------------------------------------------------------------------------------------------------------------- 12. CURRENCY ON HAND $ 0 --------------------------------------------------------------------------------------------------------------- --------------------------------------------------------------------------------------------------------------- 13. TOTAL CASH - END OF MONTH $352,259 ---------------------------------------------------------------------------------------------------------------
-------------------------------------------------------------------------------- -------------------------------------------------------------------------------- Monthly Operating Report ------------------------------------- CASE NAME: Kitty Hawk, Inc. ACCRUAL BASIS-5 ------------------------------------- ------------------------------------- CASE NUMBER: 400-42141-BJH 02/13/95, RWD, 2/96 ------------------------------------- The debtor in possession must complete the reconciliation below for each bank account, including all general, payroll and tax accounts, as well as all savings and investment accounts, money market accounts, certificates of deposit, government obligations, etc. Accounts with restricted funds should be identified by placing an asterisk next to the account number. Attach additional sheets if necessary. MONTH: January 2002 ----------------------------
------------------------- BANK RECONCILIATIONS Account #7 Account #8 Account #9 ----------------------------------------------------------------------------------------------- A. BANK: Bank One ----------------------------------------------------------------------------------------------- B. ACCOUNT NUMBER: 1586269860 TOTAL ----------------------------------------------------------------------------------------------- C. PURPOSE (TYPE): COD ----------------------------------------------------------------------------------------------- 1. BALANCE PER BANK STATEMENT $0 $0 $0 $0 ----------------------------------------------------------------------------------------------- 2. ADD: TOTAL DEPOSITS NOT CREDITED $0 $0 $0 $0 ----------------------------------------------------------------------------------------------- 3. SUBTRACT: OUTSTANDING CHECKS $0 $0 $0 $0 ----------------------------------------------------------------------------------------------- 4. OTHER RECONCILING ITEMS $0 $0 $0 $0 ----------------------------------------------------------------------------------------------- 5. MONTH END BALANCE PER BOOKS $0 $0 ----------------------------------------------------------------------------------------------- 6. NUMBER OF LAST CHECK WRITTEN Account Closed ----------------------------------------------------------------------------------------------- ------------------------- INVESTMENT ACCOUNTS ----------------------------------------------------------------------------------------------- DATE OF TYPE OF PURCHASE CURRENT BANK, ACCOUNT NAME & NUMBER PURCHASE INSTRUMENT PRICE VALUE ----------------------------------------------------------------------------------------------- 7. ----------------------------------------------------------------------------------------------- 8. ----------------------------------------------------------------------------------------------- 9. ----------------------------------------------------------------------------------------------- 10. ----------------------------------------------------------------------------------------------- 11. TOTAL INVESTMENTS $0 $0 ----------------------------------------------------------------------------------------------- ------------------------- CASH ----------------------------------------------------------------------------------------------- 12. CURRENCY ON HAND ----------------------------------------------------------------------------------------------- ----------------------------------------------------------------------------------------------- 13. TOTAL CASH - END OF MONTH $0 -----------------------------------------------------------------------------------------------
-------------------------------------------------------------------------------- -------------------------------------------------------------------------------- Monthly Operating Report -------------------------------------- CASE NAME: Kitty Hawk, Inc. ACCRUAL BASIS-6 -------------------------------------- -------------------------------------- CASE NUMBER: 400-42141-BJH 02/13/95, RWD, 2/96 -------------------------------------- MONTH: January 2002 ------------------------ -------------------------------------- PAYMENTS TO INSIDERS AND PROFESSIONALS -------------------------------------- OF THE TOTAL DISBURSEMENTS SHOWN FOR THE MONTH, LIST THE AMOUNT PAID TO INSIDERS (AS DEFINED IN SECTION 101 (31) (A)-(F) OF THE U.S. BANKRUPTCY CODE) AND TO PROFESSIONALS. ALSO, FOR PAYMENTS TO INSIDERS, IDENTIFY THE TYPE OF COMPENSATION PAID (e.g. SALARY, BONUS, COMMISSIONS, INSURANCE, HOUSING ALLOWANCE, TRAVEL, CAR ALLOWANCE, ETC.). ATTACH ADDITIONAL SHEETS IF NECESSARY.
------------------------------------------------------------------------------------ INSIDERS ------------------------------------------------------------------------------------ TYPE OF AMOUNT TOTAL PAID NAME PAYMENT PAID TO DATE ------------------------------------------------------------------------------------ 1. Mike Clark Salary $ 7,917 $ 161,250 ------------------------------------------------------------------------------------ 2. Jim Craig Salary $12,500 $ 445,836 ------------------------------------------------------------------------------------ 3. Janie Garrard Salary $ 0 $ 2,625 ------------------------------------------------------------------------------------ 4. Drew Keith Salary $12,188 $ 441,150 ------------------------------------------------------------------------------------ 5 Lena Baker Salary $ 0 $ 7,500 ------------------------------------------------------------------------------------ 6 Jim Reeves Salary $16,667 $ 649,994 ------------------------------------------------------------------------------------ 7 John Turnipseed Salary $ 0 $ 41,668 ------------------------------------------------------------------------------------ 8 TOTAL PAYMENTS TO INSIDERS $49,272 $1,750,023 ------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------ PROFESSIONALS ------------------------------------------------------------------------------------------------------------------ DATE OF COURT TOTAL ORDER AUTHORIZING AMOUNT AMOUNT TOTAL PAID INCURRED NAME PAYMENT APPROVED PAID TO DATE & UNPAID * ------------------------------------------------------------------------------------------------------------------ 1. Lain Faulkner $ 33,271 $ 1,109,937 $ 71,709 ------------------------------------------------------------------------------------------------------------------ 2. Haynes and Boone $ 0 $ 4,164,412 $ 674,415 ------------------------------------------------------------------------------------------------------------------ 3. The Seabury Group $ 0 $ 2,500,000 $ 75,000 ------------------------------------------------------------------------------------------------------------------ 4. Forshey & Prostock $ 0 $ 365,670 $ 0 ------------------------------------------------------------------------------------------------------------------ 5 Price Waterhouse Coopers $ 0 $ 386,015 $ 0 ------------------------------------------------------------------------------------------------------------------ 6 Jay Alix and Associates $ 11,014 $ 962,437 $ 129,589 ------------------------------------------------------------------------------------------------------------------ 7 Andrews & Kurth $ 0 $ 995,467 $ 212,273 ------------------------------------------------------------------------------------------------------------------ 8 Jenkins & Gilchrist $ 0 $ 47,474 $ 0 ------------------------------------------------------------------------------------------------------------------ 9 Ford and Harrison $ 1,015 $ 234,474 $ 3,336 ------------------------------------------------------------------------------------------------------------------ 10 Grant Thornton $ 2,772 $ 381,100 $ 32,648 ------------------------------------------------------------------------------------------------------------------ 11 Verner Liipfert $ 37,898 $ 853,942 $ 46,698 ------------------------------------------------------------------------------------------------------------------ 12 The Ivy Group $ 0 $ 81,900 $ 0 ------------------------------------------------------------------------------------------------------------------ 13 Wells Fargo Bank - reimburse prof fees - disputing amount $ 0 $ 3,224,966 $ 0 ------------------------------------------------------------------------------------------------------------------ 14 Diamond McCarthy Taylor $ 12,465 $ 12,465 $ 80,032 ------------------------------------------------------------------------------------------------------------------ 15 TOTAL PAYMENTS TO PROFESSIONALS $ 0 $ 98,435 $15,320,259 $1,325,700 ------------------------------------------------------------------------------------------------------------------
* INCLUDE ALL FEES INCURRED, BOTH APPROVED AND UNAPPROVED ----------------------------------------------------------------------------- POSTPETITION STATUS OF SECURED NOTES, LEASES PAYABLE AND ADEQUATE PROTECTION PAYMENTS -----------------------------------------------------------------------------
--------------------------------------------------------------------------------------------------- SCHEDULED AMOUNTS MONTHLY PAID TOTAL PAYMENTS DURING UNPAID NAME OF CREDITOR DUE MONTH POSTPETITION --------------------------------------------------------------------------------------------------- 1. N/A --------------------------------------------------------------------------------------------------- 2. N/A --------------------------------------------------------------------------------------------------- 3. N/A --------------------------------------------------------------------------------------------------- 4. N/A --------------------------------------------------------------------------------------------------- 5. N/A --------------------------------------------------------------------------------------------------- 6. TOTAL $ 0 $ 0 $ 0 ---------------------------------------------------------------------------------------------------
-------------------------------------------------------------------------------- -------------------------------------------------------------------------------- Monthly Operating Report ----------------------------------- CASE NAME: Kitty Hawk, Inc. ACCRUAL BASIS-7 ----------------------------------- ----------------------------------- CASE NUMBER: 400-42141-BJH 02/13/95, RWD, 2/96 ----------------------------------- MONTH: January 2002 ------------------------------- ---------------------------- QUESTIONNAIRE ----------------------------------------------------------------------------- YES NO ----------------------------------------------------------------------------- 1. HAVE ANY ASSETS BEEN SOLD OR TRANSFERRED OUTSIDE THE NORMAL COURSE OF BUSINESS THIS REPORTING PERIOD? X ----------------------------------------------------------------------------- 2. HAVE ANY FUNDS BEEN DISBURSED FROM ANY ACCOUNT OTHER THAN A DEBTOR IN POSSESSION ACCOUNT? X ----------------------------------------------------------------------------- 3. ARE ANY POSTPETITION RECEIVABLES (ACCOUNTS, NOTES, OR LOANS) DUE FROM RELATED PARTIES? X ----------------------------------------------------------------------------- 4. HAVE ANY PAYMENTS BEEN MADE ON PREPETITION LIABILITIES THIS REPORTING PERIOD? X ----------------------------------------------------------------------------- 5. HAVE ANY POSTPETITION LOANS BEEN RECEIVED BY THE DEBTOR FROM ANY PARTY? X ----------------------------------------------------------------------------- 6. ARE ANY POSTPETITION PAYROLL TAXES PAST DUE? X ----------------------------------------------------------------------------- 7. ARE ANY POSTPETITION STATE OR FEDERAL INCOME TAXES PAST DUE? X ----------------------------------------------------------------------------- 8. ARE ANY POSTPETITION REAL ESTATE TAXES PAST DUE? X ----------------------------------------------------------------------------- 9. ARE ANY OTHER POSTPETITION TAXES PAST DUE? X ----------------------------------------------------------------------------- 10. ARE ANY AMOUNTS OWED TO POSTPETITION CREDITORS DELINQUENT? X ----------------------------------------------------------------------------- 11. HAVE ANY PREPETITION TAXES BEEN PAID DURING THE REPORTING PERIOD? X ----------------------------------------------------------------------------- 12. ARE ANY WAGE PAYMENTS PAST DUE? X ----------------------------------------------------------------------------- IF THE ANSWER TO ANY OF THE ABOVE QUESTIONS IS "YES," PROVIDE A DETAILED EXPLANATION OF EACH ITEM. ATTACH ADDITIONAL SHEETS IF NECESSARY. Item #4 - the Company has paid down approximately $16.2 million on its ----------------------------------------------------------------------------- revolving credit facility in accordance with various court orders. Cash ----------------------------------------------------------------------------- used in the payments were a result of asset sales, internally generated ----------------------------------------------------------------------------- cash and collection of peak season work with USPS. Of the USPS receipts, ----------------------------------------------------------------------------- 2/3 of every dollar collected was remitted to the bank. ----------------------------------------------------------------------------- ---------------------------- INSURANCE ----------------------------------------------------------------------------- YES NO ----------------------------------------------------------------------------- 1. ARE WORKER'S COMPENSATION, GENERAL LIABILITY AND OTHER NECESSARY INSURANCE COVERAGES IN EFFECT? X ----------------------------------------------------------------------------- 2. ARE ALL PREMIUM PAYMENTS PAID CURRENT? X ----------------------------------------------------------------------------- 3. PLEASE ITEMIZE POLICIES BELOW. ----------------------------------------------------------------------------- IF THE ANSWER TO ANY OF THE ABOVE QUESTIONS IS "NO," OR IF ANY POLICIES HAVE BEEN CANCELLED OR NOT RENEWED DURING THIS REPORTING PERIOD, PROVIDE AN EXPLANATION BELOW. ATTACH ADDITIONAL SHEETS IF NECESSARY. ----------------------------------------------------------------------------- -----------------------------------------------------------------------------
--------------------------------------------------------------------------------------------------------------- INSTALLMENT PAYMENTS --------------------------------------------------------------------------------------------------------------- TYPE OF PAYMENT AMOUNT POLICY CARRIER PERIOD COVERED & FREQUENCY --------------------------------------------------------------------------------------------------------------- 121 Aircraft Insurance Aviation Agency 6/1/2001 - 5/31/2002 781,160 Quarterly --------------------------------------------------------------------------------------------------------------- Workers Comp Aviation Agency 01/01/2002 - 12/31/2002 62,430 Monthly --------------------------------------------------------------------------------------------------------------- Inland Marine/Property CGU 4/1/2001 - 3/31/2002 9,902 Monthly --------------------------------------------------------------------------------------------------------------- Professional Liab Aviation Agency 6/1/2001 - 5/31/2002 25,291 Annual --------------------------------------------------------------------------------------------------------------- 135 Aircraft Insurance Aviation Agency 10/1/2001 - 9/30/2002 59,319 Quarterly --------------------------------------------------------------------------------------------------------------- Primary Auto Aviation Agency 4/1/2001 - 3/31/2002 10,827 Monthly --------------------------------------------------------------------------------------------------------------- Excess Auto Aviation Agency 4/1/2001 - 3/31/2002 29,870 Annual --------------------------------------------------------------------------------------------------------------- Aggregate Claims Liab Reliastar 5/1/2001 - 4/30/2002 15,000 Annually --------------------------------------------------------------------------------------------------------------- Claims Admin Runout CIGNA 5/1/2001 - 4/30/2002 125,779 One time --------------------------------------------------------------------------------------------------------------- Pilot Long Term Disabl UNUM 5/1/2001 - 4/30/2002 7,975 Monthly --------------------------------------------------------------------------------------------------------------- Stop Loss Reliastar 5/1/2001 - 4/30/2002 31,635 Monthly --------------------------------------------------------------------------------------------------------------- Case Management Reliastar 5/1/2001 - 4/30/2002 1,329 Monthly --------------------------------------------------------------------------------------------------------------- Claims Administration Allied Benefit System 5/1/2001 - 4/30/2002 25,052 Monthly --------------------------------------------------------------------------------------------------------------- Life/AD&D CIGNA 5/1/2001 - 4/30/2002 11,732 Monthly --------------------------------------------------------------------------------------------------------------- EAP Behavioral Health Partners 5/1/2001 - 4/30/2002 2,941 Monthly --------------------------------------------------------------------------------------------------------------- Section 125 Admin Taxsaver 5/1/2001 - 4/30/2002 1,179 Monthly ---------------------------------------------------------------------------------------------------------------
-------------------------------------------------------------------------------- -------------------------------------------------------------------------------- ------------------------------------------- CASE NAME: Kitty Hawk, Inc. FOOTNOTES SUPPLEMENT ------------------------------------------- ------------------------------------------- CASE NUMBER: 400-42141-BJH ACCRUAL BASIS ------------------------------------------- MONTH: January 2002 ----------------------------------
------------------------------------------------------------------------------------------------------------ ACCRUAL BASIS LINE FORM NUMBER NUMBER FOOTNOTE / EXPLANATION ------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------ 3 8 All cash received into the each subsidiary cash account is swept ------------------------------------------------------------------------------------------------------------ each night to Kitty Hawk, Inc. Master Account ------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------ 3 31 All disbursements (either by wire transfer or check), including payroll, are ------------------------------------------------------------------------------------------------------------ disbursed out of the Kitty Hawk, Inc. controlled disbursement ------------------------------------------------------------------------------------------------------------ account. ------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------ 4 6 All assessments of uncollectible accounts receivable are done ------------------------------------------------------------------------------------------------------------ at Kitty Hawk, Inc. All reserves are recorded at Inc. and pushed ------------------------------------------------------------------------------------------------------------ down to Inc.'s subsidiaries as deemed necessary. ------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------ 7 All insurance policies are carried in the name of Kitty Hawk, Inc. and its ------------------------------------------------------------------------------------------------------------ subsidiaries. Therefore, they are listed here accordingly. ------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------
-------------------------------------------------------------------------------- CASE NAME: Kitty Hawk, Inc. CASE NUMBER: 400-42141 Details of Other Items
ACCRUAL BASIS-1 January 2002 8. OTHER (ATTACH LIST) $ 322,944,667 Reported ----------------------- Intercompany Receivables 321,287,707 A/R Other 312,185 A/R Employees - A/R Reconciling item (13,074) Deferred Taxes 776,266 Deposits - Other 165,584 Deposits - Retainers 415,999 ----------------------- 322,944,667 Detail ----------------------- - Difference 14. OTHER ASSETS - NET OF AMORTIZATION (ATTACH LIST) 8,943,809 Reported ----------------------- Loan organization costs Bond offering costs Goodwill - KH Cargo ----------------------- - Detail ----------------------- 8,943,809 Difference 15. OTHER (ATTACH LIST) 138,370,015 ----------------------- Investment in KH Aircargo 1,000 Investment in KH International 81,974,302 Investment in Longhorn 2,266,436 Investment in KH Cargo 54,128,277 ----------------------- 138,370,015 Detail ----------------------- - Difference 22. OTHER (ATTACH LIST) $ 579,453 Reported ----------------------- Accrued expenses (27,261) Accrued interest 148,039 Accrued health savings 473,895 A/P Aging reconciling item (24,453) A/P clearing 65 Accrued 401(k) 9,168 ----------------------- 579,453 Detail ----------------------- - Difference 27. OTHER (ATTACH LIST) $ 28,849,513 Reported ----------------------- Deferred Taxes 31,006,505 Accrued Taxes payable (17,685,739) Interest payable 15,528,747 ----------------------- 28,849,513 Detail ----------------------- - Difference
CASE NAME: Kitty Hawk, Inc. CASE NUMBER: 400-42141 Details of Other Items ACCRUAL BASIS-2 16. NON-OPERATING INCOME (ATT. LIST) (17,278) Reported ------------------- Interest Income (17,278) ------------------- (17,278) Detail - Difference ACCRUAL BASIS-3 8. OTHER (ATTACH LIST) 35,343,604 Reported ------------------- Transfers from Charters 817,087 Transfers from Cargo 6,241,506 Transfers from Aircargo 25,638,244 Transfers from OKT 73,201 Cash deposits - non-lockbox 2,490,220 Interest income 16,752 NSF (9,291) Misc Deposits 75,885 ------------------- 35,343,604 Detail ------------------- - Difference ------------------- 25. OTHER (ATTACH LIST) 5,758,680 Reported ------------------- Inc. 401(k) 205,784 Transfer to restricted Cash - KH Charters 192,500 Employee Expenses 61,319 Bank charges 4,932 COD Checks (571) Fuel 1,724,584 Ground Handling 1,648,594 Shipping 59,685 Ondemand Charter costs 40,063 135 Airline costs 4,251 Building maintenance/security 74,710 Contract Labor 145,774 Trucking 381,636 Customs/Parking/Landing 500,485 Containers 43,820 Simulator/Communication/Other Training 208,165 Misc 11,987 Voided checks and corrections (55,576) Asset purchase 98,228 Charts/Manuals 61,044 Shutdown costs 7,040 Taxes 224,004 Deicing 65,616 Office 33,606 Subcharter Aircraft 17,000 ------------------- ------------------- 5,758,680 Detail - Difference