-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, DN4dvR3qrsz0YzDBF1xelHahNS6acLB/QTkAh2coG61T2T7dGj3rCdZhJBhNC2TV dGAuMFjWk53slZViwIRrtw== 0000930661-02-000897.txt : 20020415 0000930661-02-000897.hdr.sgml : 20020415 ACCESSION NUMBER: 0000930661-02-000897 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 11 CONFORMED PERIOD OF REPORT: 20020327 ITEM INFORMATION: Other events ITEM INFORMATION: Financial statements and exhibits FILED AS OF DATE: 20020327 FILER: COMPANY DATA: COMPANY CONFORMED NAME: KITTY HAWK INC CENTRAL INDEX KEY: 0000932110 STANDARD INDUSTRIAL CLASSIFICATION: AIR TRANSPORTATION, NONSCHEDULED [4522] IRS NUMBER: 752564006 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-25202 FILM NUMBER: 02588894 BUSINESS ADDRESS: STREET 1: P O BOX 612787 STREET 2: 1515 W 20TH ST CITY: DALLAS/FT WORTH INTN STATE: TX ZIP: 75261 BUSINESS PHONE: 9724562200 MAIL ADDRESS: STREET 1: P O BOX 612787 STREET 2: 1515 W 20TH ST CITY: DALLAS/FT WORTH INTN STATE: TX ZIP: 75261 8-K 1 d8k.txt FORM 8-K UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): March 27, 2002 Kitty Hawk, Inc. (Exact name of registrant as specified in charter) Delaware 0-25202 75-2564006 (State or other jurisdiction of (Commission File Number) (IRS Employer Identification No.) incorporation) 1515 West 20th Street P.O. Box 612787 Dallas/Fort Worth International Airport, Texas 75261 (Address of principal (Zip Code) executive offices)
Registrant's telephone number, including area code: (972) 456-2200 Not Applicable (Former name or former address, if changed since last report) Item 5. Other Events. Kitty Hawk, Inc. (the "Company") is filing herewith the Monthly Operating Reports of Debtors and Debtors in Possession for the period ended February 28, 2002 that the Company filed with the United States Bankruptcy Court for the Northern District of Texas, Fort Worth Division on March 20, 2002 in connection with the Company's and its subsidiaries' ongoing proceedings under Chapter 11 of the United States Bankruptcy Code (11 U.S.C. Sections 101-1330), Case No. 400-42069-BJH and Case Nos. 400-42141 through Case Nos. 400-42149, jointly administered under Case No. 400-42141-BJH. THE MONTHLY OPERATING REPORTS FILED HEREWITH CONTAIN UNAUDITED FINANCIAL STATEMENTS AND OTHER FINANCIAL INFORMATION THAT ARE SUBJECT TO FUTURE RECONCILIATIONS AND ADJUSTMENTS, INCLUDING SIGNIFICANT WRITE-DOWNS OF ASSET VALUES, WHICH THE COMPANY ANTICIPATES WOULD RESULT IN A DEFICIT IN THE COMPANY'S STOCKHOLDERS' EQUITY. Item 7. Exhibits. (c) Exhibits 99.1 Monthly Operating Report for Kitty Hawk, Inc. for the Period Ended February 28, 2002 (1) 99.2 Monthly Operating Report for Kitty Hawk Aircargo, Inc. for the Period Ended February 28, 2002 (1) 99.3 Monthly Operating Report for Kitty Hawk Charters, Inc. for the Period Ended February 28, 2002 (1) 99.4 Monthly Operating Report for Kitty Hawk International, Inc. for the Period Ended February 28, 2002 (1) 99.5 Monthly Operating Report for Kitty Hawk Cargo, Inc. for the Period Ended February 28, 2002 (1) 99.6 Monthly Operating Report for O.K. Turbines, Inc. for the Period Ended February 28, 2002 (1) 99.7 Monthly Operating Report for Longhorn Solutions, Inc. for the Period Ended February 28, 2002 (1) 99.8 Monthly Operating Report for Aircraft Leasing, Inc. for the Period Ended February 28, 2002 (1) 99.9 Monthly Operating Report for American International Travel, Inc. for the Period Ended February 28, 2002 (1) 99.10 Monthly Operating Report for Flight One Logistics, Inc. for the Period Ended February 28, 2002 (1) - ---------- (1) The Company agrees to furnish supplementally a copy of any omitted schedule or similar attachment to the Commission upon its request. SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the Company has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized. KITTY HAWK, INC. Date: March 27, 2002 By: /s/ Tilmon J. Reeves ---------------------------- Name: Tilmon J. Reeves Title: Chairman of the Board and Chief Executive Officer EXHIBIT INDEX Exhibit Number Description - ------- ----------- 99.1 Monthly Operating Report for Kitty Hawk, Inc. for the Period Ended February 28, 2002 99.2 Monthly Operating Report for Kitty Hawk Aircargo, Inc. for the Period Ended February 28, 2002 99.3 Monthly Operating Report for Kitty Hawk Charters, Inc. for the Period Ended February 28, 2002 99.4 Monthly Operating Report for Kitty Hawk International, Inc. for the Period Ended February 28, 2002 99.5 Monthly Operating Report for Kitty Hawk Cargo, Inc. for the Period Ended February 28, 2002 99.6 Monthly Operating Report for OK Turbines, Inc. for the Period Ended February 28, 2002 99.7 Monthly Operating Report for Longhorn Solutions, Inc. for the Period Ended February 28, 2002 99.8 Monthly Operating Report for Aircraft Leasing, Inc. for the Period Ended February 28, 2002 99.9 Monthly Operating Report for American International Travel, Inc. for the Period Ended February 28, 2002 99.10 Monthly Operating Report for Flight One Logistics, Inc. for the Period Ended February 28, 2002 EX-99.1 3 dex991.txt MONTHLY OPERATING REPORT FOR 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: FEBRUARY 28, 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 3/20/2002 - ------------------------------------------- --------------------------------- PRINTED NAME OF RESPONSIBLE PARTY DATE PREPARER: /s/ Jessica L. Wilson Chief Accounting Officer - ------------------------------------------- --------------------------------- ORIGINAL SIGNATURE OF PREPARER TITLE Jessica L. Wilson 3/20/2002 - ------------------------------------------- --------------------------------- 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 - --------------------------------------------------------------------------------------------- MONTH MONTH MONTH SCHEDULE --------------------------------------- ASSETS AMOUNT January 2002 February 2002 - --------------------------------------------------------------------------------------------- 1. UNRESTRICTED CASH $ 13,401,586 $ 20,180,937 $ 17,150,345 $0 - --------------------------------------------------------------------------------------------- 2. RESTRICTED CASH $ 0 $ 0 $0 - --------------------------------------------------------------------------------------------- 3. TOTAL CASH $ 13,401,586 $ 20,180,937 $ 17,150,345 $0 - --------------------------------------------------------------------------------------------- 4. ACCOUNTS RECEIVABLE (NET) ($ 14,520,034) ($14,425,687) $0 - --------------------------------------------------------------------------------------------- 5. INVENTORY $ 0 $ 0 $0 - --------------------------------------------------------------------------------------------- 6. NOTES RECEIVABLE $ 15,000 $ 15,000 $ 15,000 $0 - --------------------------------------------------------------------------------------------- 7. PREPAID EXPENSES $ 271,167 $ 614,637 $0 - --------------------------------------------------------------------------------------------- 8. OTHER (ATTACH LIST) $422,186,692 $ 322,944,667 $ 316,904,161 $0 - --------------------------------------------------------------------------------------------- 9. TOTAL CURRENT ASSETS $435,603,278 $ 328,891,737 $ 320,258,456 $0 - --------------------------------------------------------------------------------------------- 10. PROPERTY, PLANT & EQUIPMENT $ 2,425,652 $ 7,539,078 $ 7,574,291 $0 - --------------------------------------------------------------------------------------------- 11. LESS: ACCUMULATED DEPRECIATION / DEPLETION $ 4,186,330 $ 4,268,443 $0 - --------------------------------------------------------------------------------------------- 12. NET PROPERTY, PLANT & EQUIPMENT $ 2,425,652 $ 3,352,748 $ 3,305,848 $0 - --------------------------------------------------------------------------------------------- 13. DUE FROM INSIDERS $ 62,465 $ 196,763 $ 196,763 $0 - --------------------------------------------------------------------------------------------- 14. OTHER ASSETS -- NET OF AMORTIZATION (ATTACH LIST) $ 10,967,208 $ 8,943,809 $ 7,151,860 $0 - --------------------------------------------------------------------------------------------- 15. OTHER (ATTACH LIST) $138,370,015 $ 138,370,015 $ 138,370,015 $0 - --------------------------------------------------------------------------------------------- 16. TOTAL ASSETS $587,428,618 $ 479,755,072 $ 469,282,942 $0 - --------------------------------------------------------------------------------------------- POSTPETITION LIABILITIES - --------------------------------------------------------------------------------------------- 17. ACCOUNTS PAYABLE $ 783,241 $ 922,527 $0 - --------------------------------------------------------------------------------------------- 18. TAXES PAYABLE ($79,626) ($872,642) $0 - --------------------------------------------------------------------------------------------- 19. NOTES PAYABLE $ 0 $ 0 $0 - --------------------------------------------------------------------------------------------- 20. PROFESSIONAL FEES $ 1,325,700 $ 1,130,408 $0 - --------------------------------------------------------------------------------------------- 21. SECURED DEBT $ 0 $ 0 $0 - --------------------------------------------------------------------------------------------- 22. OTHER (ATTACH LIST) $ 579,453 $ 604,962 $0 - --------------------------------------------------------------------------------------------- 23. TOTAL POSTPETITION LIABILITIES $ 2,608,768 $ 1,785,255 $0 - --------------------------------------------------------------------------------------------- PREPETITION LIABILITIES - --------------------------------------------------------------------------------------------- 24. SECURED DEBT $466,119,468 $ 347,726,052 $ 339,266,959 $0 - --------------------------------------------------------------------------------------------- 25. PRIORITY DEBT $ 29,661 $ 0 $ 0 $0 - --------------------------------------------------------------------------------------------- 26. UNSECURED DEBT $ 22,580,547 $ 2,232,210 $ 2,232,210 $0 - --------------------------------------------------------------------------------------------- 27. OTHER (ATTACH LIST) $ 0 $ 28,849,513 $ 28,849,513 $0 - --------------------------------------------------------------------------------------------- 28. TOTAL PREPETITION LIABILITIES $488,729,676 $ 378,807,775 $ 370,348,682 $0 - --------------------------------------------------------------------------------------------- 29. TOTAL LIABILITIES $488,729,676 $ 381,416,543 $ 372,133,937 $0 - --------------------------------------------------------------------------------------------- EQUITY - --------------------------------------------------------------------------------------------- 30. PREPETITION OWNERS' EQUITY $ 98,457,967 $ 98,457,967 $0 - --------------------------------------------------------------------------------------------- 31. POSTPETITION CUMULATIVE PROFIT OR (LOSS) ($119,438) ($1,308,962) $0 - --------------------------------------------------------------------------------------------- 32. DIRECT CHARGES TO EQUITY (ATTACH EXPLANATION) - --------------------------------------------------------------------------------------------- 33. TOTAL EQUITY $ 0 $ 98,338,529 $ 97,149,005 $0 - --------------------------------------------------------------------------------------------- 34. TOTAL LIABILITIES & OWNERS' EQUITY $488,729,676 $ 479,755,072 $ 469,282,942 $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 February 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 $ 49,272 $0 $ 98,544 - ---------------------------------------------------------------------------------------------- 10. SELLING & MARKETING $ 0 $ 0 $0 $ 0 - ---------------------------------------------------------------------------------------------- 11. GENERAL & ADMINISTRATIVE ($699,032) ($957,950) $0 ($1,656,982) - ---------------------------------------------------------------------------------------------- 12. RENT & LEASE $ 21,258 $ 21,258 $0 $ 42,516 - ---------------------------------------------------------------------------------------------- 13. OTHER (ATTACH LIST) $ 0 $ 0 $0 $ 0 - ---------------------------------------------------------------------------------------------- 14. TOTAL OPERATING EXPENSES ($628,502) ($887,420) $0 ($1,515,922) - ---------------------------------------------------------------------------------------------- 15. INCOME BEFORE NON-OPERATING INCOME & EXPENSE $ 628,502 $ 887,420 $0 $ 1,515,922 - ---------------------------------------------------------------------------------------------- OTHER INCOME & EXPENSES - ---------------------------------------------------------------------------------------------- 16. NON-OPERATING INCOME (ATT. LIST) ($17,278) ($22,315) $0 ($39,593) - ---------------------------------------------------------------------------------------------- 17. NON-OPERATING EXPENSE (ATT. LIST) $ 0 $ 0 $0 $ 0 - ---------------------------------------------------------------------------------------------- 18. INTEREST EXPENSE $ 216,343 $ 144,280 $0 $ 360,623 - ---------------------------------------------------------------------------------------------- 19. DEPRECIATION / DEPLETION $ 82,886 $ 82,118 $0 $ 165,004 - ---------------------------------------------------------------------------------------------- 20. AMORTIZATION $ 75,399 $ 1,862,747 $0 $ 1,938,146 - ---------------------------------------------------------------------------------------------- 21. OTHER (ATTACH LIST) $ 0 $ 0 $0 $ 0 - ---------------------------------------------------------------------------------------------- 22. NET OTHER INCOME & EXPENSES $ 357,350 $ 2,066,830 $0 $ 2,424,180 - ---------------------------------------------------------------------------------------------- REORGANIZATION EXPENSES - ---------------------------------------------------------------------------------------------- 23. PROFESSIONAL FEES $ 470,216 $ 803,131 $0 $ 1,273,347 - ---------------------------------------------------------------------------------------------- 24. U.S. TRUSTEE FEES $ 0 $ 0 $0 $ 0 - ---------------------------------------------------------------------------------------------- 25. OTHER (ATTACH LIST) $ 0 $ 0 $0 $ 0 - ---------------------------------------------------------------------------------------------- 26. TOTAL REORGANIZATION EXPENSES $ 470,216 $ 803,131 $0 $ 1,273,347 - ---------------------------------------------------------------------------------------------- 27. INCOME TAX ($79,626) ($793,016) $0 ($872,642) - ---------------------------------------------------------------------------------------------- 28. NET PROFIT (LOSS) ($119,438) ($1,189,525) $0 ($1,308,963) - ----------------------------------------------------------------------------------------------
================================================================================ - -------------------------------------------------------------------------------- Monthly Operating Report - -------------------------------------------- CASE NAME: Kitty Hawk, Inc. ACCRUAL BASIS-3 - -------------------------------------------- - -------------------------------------------- CASE NUMBER: 400-42141-BJH 02/13/95, RWD, 2/96 - --------------------------------------------
- ---------------------------------------------------------------------------------------------- MONTH MONTH MONTH CASH RECEIPTS AND ------------------------------------ QUARTER DISBURSEMENTS January 2002 February 2002 TOTAL - ---------------------------------------------------------------------------------------------- 1. CASH - BEGINNING OF MONTH $14,061,386 $20,180,937 $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 $16,082,135 $0 $51,425,739 - ---------------------------------------------------------------------------------------------- 9. TOTAL NON-OPERATING RECEIPTS $35,343,604 $16,082,135 $0 $51,425,739 - ---------------------------------------------------------------------------------------------- 10. TOTAL RECEIPTS $35,343,604 $16,082,135 $0 $51,425,739 - ---------------------------------------------------------------------------------------------- 11. TOTAL CASH AVAILABLE $49,404,990 $36,263,072 $0 $65,487,125 - ---------------------------------------------------------------------------------------------- OPERATING DISBURSEMENTS - ---------------------------------------------------------------------------------------------- 12. NET PAYROLL $ 1,894,351 $ 1,547,755 $0 $ 3,442,106 - ---------------------------------------------------------------------------------------------- 13. PAYROLL TAXES PAID $ 829,271 $ 631,908 $0 $ 1,461,179 - ---------------------------------------------------------------------------------------------- 14. SALES, USE & OTHER TAXES PAID $ 0 $ 69,457 $0 $ 69,457 - ---------------------------------------------------------------------------------------------- 15. SECURED / RENTAL / LEASES $18,610,867 $10,716,478 $0 $29,327,345 - ---------------------------------------------------------------------------------------------- 16. UTILITIES $ 89,643 $ 42,970 $0 $ 132,613 - ---------------------------------------------------------------------------------------------- 17. INSURANCE $ 609,286 $ 585,726 $0 $ 1,195,012 - ---------------------------------------------------------------------------------------------- 18. INVENTORY PURCHASES $ 0 $ 0 $0 $ 0 - --------------------------------------------------------------------------------------------- 19. VEHICLE EXPENSES $ 0 $ 0 $0 $ 0 - ---------------------------------------------------------------------------------------------- 20. TRAVEL $ 372,940 $ 236,890 $0 $ 609,830 - ---------------------------------------------------------------------------------------------- 21. ENTERTAINMENT $ 0 $ 0 $0 $ 0 - ---------------------------------------------------------------------------------------------- 22. REPAIRS & MAINTENANCE $ 792,351 $ 477,222 $0 $ 1,269,573 - ---------------------------------------------------------------------------------------------- 23. SUPPLIES $ 0 $ 0 $0 $ 0 - ---------------------------------------------------------------------------------------------- 24. ADVERTISING $ 3,814 $ 140 $0 $ 3,954 - ---------------------------------------------------------------------------------------------- 25. OTHER (ATTACH LIST) $ 5,758,680 $ 3,797,984 $0 $ 9,556,664 - ---------------------------------------------------------------------------------------------- 26. TOTAL OPERATING DISBURSEMENTS $28,961,203 $18,106,530 $0 $47,067,733 - ---------------------------------------------------------------------------------------------- REORGANIZATION EXPENSES - ---------------------------------------------------------------------------------------------- 27. PROFESSIONAL FEES $ 242,600 $ 1,006,197 $0 $ 1,248,797 - ---------------------------------------------------------------------------------------------- 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 $ 1,006,197 $0 $ 1,269,047 - ---------------------------------------------------------------------------------------------- 31. TOTAL DISBURSEMENTS $29,224,053 $19,112,727 $0 $48,336,780 - ---------------------------------------------------------------------------------------------- 32. NET CASH FLOW $ 6,119,551 ($3,030,592) $0 $ 3,088,959 - ---------------------------------------------------------------------------------------------- 33. CASH - END OF MONTH $20,180,937 $17,150,345 $0 $17,150,345 - ----------------------------------------------------------------------------------------------
================================================================================ - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- Monthly Operating Report - -------------------------------------------- CASE NAME: Kitty Hawk, Inc. ACCRUAL BASIS-4 - -------------------------------------------- - -------------------------------------------- CASE NUMBER: 400-42141-BJH 02/13/95, RWD, 2/96 - --------------------------------------------
- ----------------------------------------------------------------------------------------- MONTH MONTH MONTH SCHEDULE ------------------------------------- ACCOUNTS RECEIVABLE AGING AMOUNT January 2002 February 2002 - ----------------------------------------------------------------------------------------- 1. 0-30 $ 22,604 $ 0 $0 - ----------------------------------------------------------------------------------------- 2. 31-60 $ 0 $ 22,604 $0 - ----------------------------------------------------------------------------------------- 3. 61-90 $ 0 $ 0 $0 - ----------------------------------------------------------------------------------------- 4. 91+ $ 63,261 $ 63,261 $0 - ----------------------------------------------------------------------------------------- 5. TOTAL ACCOUNTS RECEIVABLE $0 $ 85,865 $ 85,865 $0 - ----------------------------------------------------------------------------------------- 6. AMOUNT CONSIDERED UNCOLLECTIBLE $ 14,605,899 $ 14,511,552 $0 - ----------------------------------------------------------------------------------------- 7. ACCOUNTS RECEIVABLE (NET) $0 ($14,520,034) ($14,425,687) $0 - -----------------------------------------------------------------------------------------
- -------------------------------------------------- AGING OF POSTPETITION TAXES AND PAYABLES MONTH: February 2002 ----------------------- - -------------------------------------------------------------------------------------- 0-30 31-60 61-90 91+ TAXES PAYABLE DAYS DAYS DAYS DAYS TOTAL - -------------------------------------------------------------------------------------- 1. FEDERAL ($872,642) $ 0 $ 0 $ 0 ($872,642) - -------------------------------------------------------------------------------------- 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 ($872,642) $ 0 $ 0 $ 0 ($872,642) - -------------------------------------------------------------------------------------- - -------------------------------------------------------------------------------------- 6. ACCOUNTS PAYABLE $ 416,063 $52,060 $107,152 $347,252 $ 922,527 - --------------------------------------------------------------------------------------
- -------------------------------------------- STATUS OF POSTPETITION TAXES MONTH: February 2002 ------------------ - --------------------------------------------------------------------------------- BEGINNING AMOUNT ENDING TAX WITHHELD AND/ AMOUNT TAX FEDERAL LIABILITY* 0R ACCRUED PAID LIABILITY - --------------------------------------------------------------------------------- 1. WITHHOLDING** $ 0 $ 71,855 $71,855 $ 0 - --------------------------------------------------------------------------------- 2. FICA-EMPLOYEE** $ 0 $ 0 $ 0 $ 0 - --------------------------------------------------------------------------------- 3. FICA-EMPLOYER** $ 0 $ 0 $ 0 $ 0 - --------------------------------------------------------------------------------- 4. UNEMPLOYMENT $ 0 $ 0 $ 0 $ 0 - --------------------------------------------------------------------------------- 5. INCOME ($79,626) ($793,016) $ 0 ($872,642) - --------------------------------------------------------------------------------- 6. OTHER (ATTACH LIST) $ 0 $ 0 $ 0 $ 0 - --------------------------------------------------------------------------------- 7. TOTAL FEDERAL TAXES ($79,626) ($721,161) $71,855 ($872,642) - --------------------------------------------------------------------------------- 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 ($79,626) ($721,161) $71,855 ($872,642) - ---------------------------------------------------------------------------------
* 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: February 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 $ 118,117 $ 300,000 $ 438,522 $ 879,263 - --------------------------------------------------------------------------------------------------- 2. ADD: TOTAL DEPOSITS NOT CREDITED $ 0 $ 0 $ 0 $ 0 - --------------------------------------------------------------------------------------------------- 3. SUBTRACT: OUTSTANDING CHECKS $ 0 $ 1,514,238 $ 0 $1,573,894 - --------------------------------------------------------------------------------------------------- 4. OTHER RECONCILING ITEMS $ 0 ($500) $ 0 $ 278,142 - --------------------------------------------------------------------------------------------------- 5. MONTH END BALANCE PER BOOKS $ 118,117 ($1,214,738) $ 438,522 ($658,099) - --------------------------------------------------------------------------------------------------- 6. NUMBER OF LAST CHECK WRITTEN No checks 43700 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 $ 200,000 $ 205,115 - --------------------------------------------------------------------------------------------------------- 8. Bank One 2/28/2002 Overnight Sweep $17,359,219 $17,359,219 - --------------------------------------------------------------------------------------------------------- 9. N/A - --------------------------------------------------------------------------------------------------------- 10. N/A - --------------------------------------------------------------------------------------------------------- 11. TOTAL INVESTMENTS $17,559,219 $17,564,334 - --------------------------------------------------------------------------------------------------------- - ------------------------------------------- CASH - --------------------------------------------------------------------------------------------------------- 12. CURRENCY ON HAND $ 2,500 - --------------------------------------------------------------------------------------------------------- - --------------------------------------------------------------------------------------------------------- 13. TOTAL CASH - END OF MONTH $17,150,345 - ---------------------------------------------------------------------------------------------------------
- -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- 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: February 2002 - -------------------------------------------- ------------------------------------------- BANK RECONCILIATIONS Account #4 Account #5 Account #6 - ---------------------------------------------------------------------------------------------------------- A. BANK: Bank One Bank One Bank One - ------------------------------------------------------------------------------------------------ B. ACCOUNT NUMBER: 1570695922 00129949/931995845 1586268961 TOTAL - ------------------------------------------------------------------------------------------------ C. PURPOSE (TYPE): Payroll Health Insurance Flex Spending - ---------------------------------------------------------------------------------------------------------- 1. BALANCE PER BANK STATEMENT $ 0 $19,225 $3,399 $ 22,624 - ---------------------------------------------------------------------------------------------------------- 2. ADD: TOTAL DEPOSITS NOT CREDITED $ 0 $ 0 $ 0 $ 0 - ---------------------------------------------------------------------------------------------------------- 3. SUBTRACT: OUTSTANDING CHECKS $ 40,431 $19,225 $ 0 $ 59,656 - ---------------------------------------------------------------------------------------------------------- 4. OTHER RECONCILING ITEMS $278,642 $ 0 $ 0 $278,642 - ---------------------------------------------------------------------------------------------------------- 5. MONTH END BALANCE PER BOOKS $238,211 $ 0 $3,399 $241,610 - ---------------------------------------------------------------------------------------------------------- 6. NUMBER OF LAST CHECK WRITTEN 91973 158094 11160 - ----------------------------------------------------------------------------------------------------------
- -------------------------------------------- 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 $241,610 - -----------------------------------------------------------------------------------------
- -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- Monthly Operating Report - -------------------------------------------- CASE NAME: Kitty Hawk, Inc. ACCRUAL BASIS-6 - -------------------------------------------- - -------------------------------------------- CASE NUMBER: 400-42141-BJH 02/13/95, RWD, 2/96 - -------------------------------------------- MONTH: February 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 $ 169,167 - ----------------------------------------------------- 2. Jim Craig Salary $12,500 $ 458,336 - ----------------------------------------------------- 3. Janie Garrard Salary $ 0 $ 2,625 - ----------------------------------------------------- 4. Drew Keith Salary $12,188 $ 453,338 - ----------------------------------------------------- 5 Lena Baker Salary $ 0 $ 7,500 - ----------------------------------------------------- 6 Jim Reeves Salary $16,667 $ 666,661 - ----------------------------------------------------- 7 John Turnipseed Salary $ 0 $ 41,668 - ----------------------------------------------------- 8 TOTAL PAYMENTS TO INSIDERS $49,272 $1,799,295 - -----------------------------------------------------
- ------------------------------------------------------------------------------------------------------ PROFESSIONALS - ------------------------------------------------------------------------------------------------------ DATE OF COURT TOTAL ORDER AUTHORIZING AMOUNT AMOUNT TOTAL PAID INCURRED NAME PAYMENT APPROVED PAID TO DATE & UNPAID * - ------------------------------------------------------------------------------------------------------ 1. Lain Faulkner $ 50,045 $ 1,159,982 $ 41,696 - ------------------------------------------------------------------------------------------------------ 2. Haynes and Boone $323,792 $ 4,488,204 $ 597,839 - ------------------------------------------------------------------------------------------------------ 3. The Seabury Group $150,000 $ 2,650,000 $ 0 - ------------------------------------------------------------------------------------------------------ 4. Forshey & Prostock $ 0 $ 365,670 $ 0 - ------------------------------------------------------------------------------------------------------ 5 Price Waterhouse Coopers $ 0 $ 386,015 $ 0 - ------------------------------------------------------------------------------------------------------ 6 Jay Alix and Associates $ 26,120 $ 988,557 $ 149,542 - ------------------------------------------------------------------------------------------------------ 7 Andrews & Kurth $ 0 $ 995,467 $ 212,273 - ------------------------------------------------------------------------------------------------------ 8 Jenkins & Gilchrist $ 0 $ 47,474 $ 0 - ------------------------------------------------------------------------------------------------------ 9 Ford and Harrison $ 7,401 $ 241,875 $ 3,510 - ------------------------------------------------------------------------------------------------------ 10 Grant Thornton $ 19,700 $ 400,800 $ 16,923 - ------------------------------------------------------------------------------------------------------ 11 Verner Liipfert $ 21,675 $ 875,617 $ 25,022 - ------------------------------------------------------------------------------------------------------ 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 $ 99,019 $ 111,484 $ 83,603 - ------------------------------------------------------------------------------------------------------ 15 TOTAL PAYMENTS TO PROFESSIONALS $0 $697,752 $16,018,011 $1,130,408 - ------------------------------------------------------------------------------------------------------
* 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: February 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 $8.5 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 Insurance Services 6/1/2001 - 5/31/2002 781,160 Quarterly - -------------------------------------------------------------------------------------------------------- Workers Comp Aviation Insurance Services 01/01/2002 - 12/31/2002 62,430 Monthly - -------------------------------------------------------------------------------------------------------- Inland Marine/Property CGU 4/1/2001 - 3/31/2002 9,902 Monthly - -------------------------------------------------------------------------------------------------------- Primary Auto Aviation Insurance Services 4/1/2001 - 3/31/2002 10,827 Monthly - -------------------------------------------------------------------------------------------------------- Excess Auto Aviation Insurance Services 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 CIGNA 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: February 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 February 2002 8. OTHER (ATTACH LIST) $ 316,904,161 Reported ------------- Intercompany Receivables 315,311,413 A/R Other 247,973 A/R Reconciling item (13,074) Deferred Taxes 776,266 Deposits - Other 165,584 Deposits - Retainers 415,999 ------------- 316,904,161 Detail ------------- -- Difference 14. OTHER ASSETS - NET OF AMORTIZATION (ATTACH LIST) 7,151,860 Reported ------------- Loan organization costs -- Bond offering costs 7,151,860 Goodwill - KH Cargo -- ------------- 7,151,860 Detail ------------- -- Difference 15. OTHER (ATTACH LIST) 138,370,015 ------------- Investment in KH Aircargo 1,000 Investment in KH International 81,974,302 Investment in Longhorn 2,266,436 Investment in KH Cargo 54,128,277 ------------- 138,370,015 Detail ------------- -- Difference 22. OTHER (ATTACH LIST) $ 604,962 Reported ------------- Accrued expenses 117,802 Accrued interest 82,178 Accrued health savings 420,423 A/P Aging reconciling item (24,454) A/P clearing 71 Accrued 401(k) 8,942 ------------- 604,962 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) (22,315)Reported ------------- Interest Income (22,688) Other Misc Expense 373 ------------- (22,315)Detail -- Difference ACCRUAL BASIS-3 8. OTHER (ATTACH LIST) 16,082,135 Reported ------------- Transfers from Charters 5,327,891 Transfers from Cargo 4,789,483 Transfers from Aircargo 3,789,576 Transfers from OKT 38,347 Cash deposits - non-lockbox 2,103,430 Interest income 16,842 NSF (6,001) Misc Deposits 22,567 ------------- 16,082,135 Detail ------------- -- Difference ------------- 25. OTHER (ATTACH LIST) 3,797,984 Reported ------------- Inc. 401(k) 166,932 Employee Expenses 19,007 Bank charges 6,413 Refunds/Claims 11,909 Fuel 1,383,448 Ground Handling 1,012,326 Shipping 32,938 Ondemand Charter costs 5,408 135 Airline costs 224 Building maintenance/security 45,857 Contract Labor 59,499 Trucking 318,416 Customs/Parking/Landing 364,212 Containers 21,665 Simulator/Communication/Other Training 168,543 Misc 350 Voided checks and corrections (9,409) Charts/Manuals 36,075 Shutdown costs 7,988 Deicing 111,261 Office 59,805 Subcharter Aircraft (24,883) ------------- ------------- 3,797,984 Detail -- Difference EX-99.2 4 dex992.txt MONTHLY OPERATING REPORT FOR KITTY HAWK AIRCARGO Exhibit 99.2 - -------------------------------------------------------------------------------- Monthly Operating Report - ------------------------------------- CASE NAME: KITTY HAWK AIRCARGO, INC. ACCRUAL BASIS - ------------------------------------- - ------------------------------------- CASE NUMBER: 400-42142-BJH-11 02/13/95, RWD, 2/96 - ------------------------------------- - ------------------------------------- JUDGE: BARBARA J. HOUSER - ------------------------------------- UNITED STATES BANKRUPTCY COURT NORTHERN DISTRICT OF TEXAS SIXTH DIVISION MONTHLY OPERATING REPORT MONTH ENDING: FEBRUARY 28, 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 3/20/2002 - ------------------------------------------- ---------------------------------- PRINTED NAME OF RESPONSIBLE PARTY DATE PREPARER: /s/ Kevin K.Craig CONTROLLER, KITTY HAWK INC. - ------------------------------------------- ---------------------------------- ORIGINAL SIGNATURE OF PREPARER TITLE KEVIN K. CRAIG 3/20/2002 - ------------------------------------------- ---------------------------------- PRINTED NAME OF PREPARER DATE - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- Monthly Operating Report - -------------------------------------- CASE NAME: KITTY HAWK AIRCARGO, INC. ACCRUAL BASIS-1 - -------------------------------------- - -------------------------------------- CASE NUMBER: 400-42142-BJH-11 02/13/95, RWD, 2/96 - --------------------------------------
- ------------------------------------------------- COMPARATIVE BALANCE SHEET - ------------------------------------------------------------------------------------------------ MONTH MONTH MONTH SCHEDULE -------------------------------------------- ASSETS AMOUNT JANUARY, 2002 FEBRUARY, 2002 MARCH, 2002 - ------------------------------------------------------------------------------------------------ 1. UNRESTRICTED CASH $ 16,904 $ 2,459 $ 498 $0 - ------------------------------------------------------------------------------------------------ 2. RESTRICTED CASH $ 0 $ 1,662,885 $ 0 $0 - ------------------------------------------------------------------------------------------------ 3. TOTAL CASH $ 16,904 $ 1,665,344 $ 498 $0 - ------------------------------------------------------------------------------------------------ 4. ACCOUNTS RECEIVABLE (NET) $ 29,303,045 $ 4,255,422 $ 2,222,055 $0 - ------------------------------------------------------------------------------------------------ 5. INVENTORY $ 1,508,508 $ 1,384,665 $ 1,093,033 $0 - ------------------------------------------------------------------------------------------------ 6. NOTES RECEIVABLE $ 0 $ 0 $ 0 $0 - ------------------------------------------------------------------------------------------------ 7. PREPAID EXPENSES $ 2,294,717 $ 2,593,133 $ 2,768,246 $0 - ------------------------------------------------------------------------------------------------ 8. OTHER (ATTACH LIST) $111,256,463 ($27,447,046) ($22,765,036) $0 - ------------------------------------------------------------------------------------------------ 9. TOTAL CURRENT ASSETS $144,379,636 ($17,548,482) ($16,681,204) $0 - ------------------------------------------------------------------------------------------------ 10. PROPERTY, PLANT & EQUIPMENT $166,772,560 $ 70,140,166 $ 70,143,957 $0 - ------------------------------------------------------------------------------------------------ 11. LESS: ACCUMULATED DEPRECIATION / DEPLETION $ 0 $ 52,677,595 $ 53,244,772 $0 - ------------------------------------------------------------------------------------------------ 12. NET PROPERTY, PLANT & EQUIPMENT $166,772,560 $ 17,462,571 $ 16,899,185 $0 - ------------------------------------------------------------------------------------------------ 13. DUE FROM INSIDERS - ------------------------------------------------------------------------------------------------ 14. OTHER ASSETS - NET OF AMORTIZATION (ATTACH LIST) $ 0 $ 2,020,505 $ 2,020,460 $0 - ------------------------------------------------------------------------------------------------ 15. OTHER(ATTACH LIST) $ 0 - ------------------------------------------------------------------------------------------------ 16. TOTAL ASSETS $311,152,196 $ 1,934,594 $ 2,238,441 $0 - ------------------------------------------------------------------------------------------------ POSTPETITION LIABILITIES - ------------------------------------------------------------------------------------------------ 17. ACCOUNTS PAYABLE $ 265,301 $ 862,003 $0 - ------------------------------------------------------------------------------------------------ 18. TAXES PAYABLE $ 4,000 $ 3,472 $0 - ------------------------------------------------------------------------------------------------ 19. NOTES PAYABLE $ 0 $ 0 $0 - ------------------------------------------------------------------------------------------------ 20. PROFESSIONAL FEES $ 0 $ 0 $0 - ------------------------------------------------------------------------------------------------ 21. SECURED DEBT $ 6,428,914 $ 6,051,222 $0 - ------------------------------------------------------------------------------------------------ 22. OTHER (ATTACH LIST) ($47,702,307) ($47,604,314) $0 - ------------------------------------------------------------------------------------------------ 23. TOTAL POSTPETITION LIABILITIES ($41,004,092) ($40,687,617) $0 - ------------------------------------------------------------------------------------------------ PREPETITION LIABILITIES - ------------------------------------------------------------------------------------------------ 24. SECURED DEBT $ 2,576,750 $ 2,576,750 $0 - ------------------------------------------------------------------------------------------------ 25. PRIORITY DEBT $ 2,177,962 $ 0 $ 0 $0 - ------------------------------------------------------------------------------------------------ 26. UNSECURED DEBT $184,252,878 $ 29,607,181 $ 29,607,181 $0 - ------------------------------------------------------------------------------------------------ 27. OTHER (ATTACH LIST) $ 0 $ 19,310,372 $ 19,310,372 $0 - ------------------------------------------------------------------------------------------------ 28. TOTAL PREPETITION LIABILITIES $186,430,840 $ 51,494,303 $ 51,494,303 $0 - ------------------------------------------------------------------------------------------------ 29. TOTAL LIABILITIES $186,430,840 $ 10,490,211 $ 10,806,686 $0 - ------------------------------------------------------------------------------------------------ EQUITY - ------------------------------------------------------------------------------------------------ 30. PREPETITION OWNERS' EQUITY $ 69,645,449 $ 69,645,449 $0 - ------------------------------------------------------------------------------------------------ 31. POSTPETITION CUMULATIVE PROFIT OR (LOSS) ($78,201,066) ($78,213,694) $0 - ------------------------------------------------------------------------------------------------ 32. DIRECT CHARGES TO EQUITY (ATTACH EXPLANATION) $ 0 - ------------------------------------------------------------------------------------------------ 33. TOTAL EQUITY $ 0 ($8,555,617) ($8,568,245) $0 - ------------------------------------------------------------------------------------------------ 34. TOTAL LIABILITIES & OWNERS' EQUITY $186,430,840 $ 1,934,594 $ 2,238,441 $0 - ------------------------------------------------------------------------------------------------ $ 0 $ 0 $0
- -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- Monthly Operating Report - -------------------------------------- CASE NAME: KITTY HAWK AIRCARGO, INC. ACCRUAL BASIS-2 - -------------------------------------- - -------------------------------------- CASE NUMBER: 400-42142-BJH-11 02/13/95, RWD, 2/96 - --------------------------------------
- -------------------------------------- INCOME STATEMENT - ---------------------------------------------------------------------------------------------------- MONTH MONTH MONTH -------------------------------------------- QUARTER REVENUES JANUARY, 2002 FEBRUARY, 2002 MARCH, 2002 TOTAL - ---------------------------------------------------------------------------------------------------- 1. GROSS REVENUES $ 163,436 $ 137,579 $ 301,015 - ---------------------------------------------------------------------------------------------------- 2. LESS: RETURNS & DISCOUNTS $ 0 $ 0 $ 0 - ---------------------------------------------------------------------------------------------------- 3. NET REVENUE $ 163,436 $ 137,579 $ 0 $ 301,015 - ---------------------------------------------------------------------------------------------------- COST OF GOODS SOLD - ---------------------------------------------------------------------------------------------------- 4. MATERIAL $ 0 $ 0 $ 0 - ---------------------------------------------------------------------------------------------------- 5. TOTAL CASH $ 0 $ 0 $ 0 - ---------------------------------------------------------------------------------------------------- 6. DIRECT OVERHEAD $ 0 $ 0 $ 0 - ---------------------------------------------------------------------------------------------------- 7. TOTAL COST OF GOODS SOLD $ 0 $ 0 $ 0 $ 0 - ---------------------------------------------------------------------------------------------------- 8. GROSS PROFIT $ 163,436 $ 137,579 $ 0 $ 301,015 - ---------------------------------------------------------------------------------------------------- OPERATING EXPENSES - ---------------------------------------------------------------------------------------------------- 9. OFFICER / INSIDER COMPENSATION $ 172,500 $ 22,500 $ 195,000 - ---------------------------------------------------------------------------------------------------- 10. SELLING & MARKETING $ 0 $ 0 $ 0 - ---------------------------------------------------------------------------------------------------- 11. GENERAL & ADMINISTRATIVE $ 11,754 $ 251,688 $ 263,442 - ---------------------------------------------------------------------------------------------------- 12. RENT & LEASE $ 1,189,974 $ 1,124,058 $ 2,314,032 - ---------------------------------------------------------------------------------------------------- 13. OTHER (ATTACH LIST) $ 3,391,888 $ 3,248,917 $ 6,640,805 - ---------------------------------------------------------------------------------------------------- 14. TOTAL OPERATING EXPENSES $ 4,766,116 $ 4,647,163 $ 0 $ 9,413,279 - ---------------------------------------------------------------------------------------------------- 15. INCOME BEFORE NON-OPERATING INCOME & EXPENSE ($4,602,680) ($4,509,584) $ 0 ($9,112,264) - ---------------------------------------------------------------------------------------------------- OTHER INCOME & EXPENSES - ---------------------------------------------------------------------------------------------------- 16. NON-OPERATING INCOME (ATT. LIST) ($1,507) ($639) ($2,146) - ---------------------------------------------------------------------------------------------------- 17. NON-OPERATING EXPENSE (ATT. LIST) $ 0 $ 0 $ 0 - ---------------------------------------------------------------------------------------------------- 18. INTEREST EXPENSE $ 0 $ 0 $ 0 - ---------------------------------------------------------------------------------------------------- 19. DEPRECIATION / DEPLETION $ 73,116 $ 72,431 $ 145,547 - ---------------------------------------------------------------------------------------------------- 20. AMORTIZATION $ 0 $ 0 $ 0 - ---------------------------------------------------------------------------------------------------- 21. OTHER (ATTACH LIST) ($4,631,358) ($4,560,327) ($9,191,685) - ---------------------------------------------------------------------------------------------------- 22. NET OTHER INCOME & EXPENSES ($4,559,749) ($4,488,535) $ 0 ($9,048,284) - ---------------------------------------------------------------------------------------------------- REORGANIZATION EXPENSES - ---------------------------------------------------------------------------------------------------- 23. PROFESSIONAL FEES $ 0 $ 0 $ 0 - ---------------------------------------------------------------------------------------------------- 24. U.S. TRUSTEE FEES $ 0 $ 0 $ 0 - ---------------------------------------------------------------------------------------------------- 25. OTHER (ATTACH LIST) $ 0 $ 0 $ 0 - ---------------------------------------------------------------------------------------------------- 26. TOTAL REORGANIZATION EXPENSES $ 0 $ 0 $ 0 $ 0 - ---------------------------------------------------------------------------------------------------- 27. INCOME TAX ($17,172) ($ 8,420) $ 0 ($25,592) - ---------------------------------------------------------------------------------------------------- 28. NET PROFIT (LOSS) ($25,759) ($12,629) $ 0 ($38,388) - ---------------------------------------------------------------------------------------------------- $ 0 $ 0 $ 0
- -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- Monthly Operating Report - -------------------------------------- CASE NAME: KITTY HAWK AIRCARGO, INC. ACCRUAL BASIS-3 - -------------------------------------- - -------------------------------------- CASE NUMBER: 400-42142-BJH-11 02/13/95, RWD, 2/96 - --------------------------------------
- -------------------------------------------------------------------------------------------------- CASH RECEIPTS AND MONTH MONTH MONTH -------------------------------------------- QUARTER DISBURSEMENTS JANUARY, 2002 FEBRUARY, 2002 MARCH, 2002 TOTAL - -------------------------------------------------------------------------------------------------- 1. CASH - BEGINNING OF MONTH $ 2,147,575 $ 1,665,344 $498 $ 2,147,575 - ------------------------------------------------------------------------------------------------- RECEIPTS FROM OPERATIONS - -------------------------------------------------------------------------------------------------- 2. CASH SALES $ 0 $ 0 $ 0 $ 0 - -------------------------------------------------------------------------------------------------- COLLECTION OF ACCOUNTS RECEIVABLE - -------------------------------------------------------------------------------------------------- 3. PREPETITION $ 0 $ 0 $ 0 $ 0 - -------------------------------------------------------------------------------------------------- 4. TOTAL CASH $ 25,168,515 $ 2,126,053 $ 0 $ 27,294,568 - -------------------------------------------------------------------------------------------------- 5. TOTAL OPERATING RECEIPTS $ 25,168,515 $ 2,126,053 $ 0 $ 27,294,568 - -------------------------------------------------------------------------------------------------- NON - OPERATING RECEIPTS - -------------------------------------------------------------------------------------------------- 6. LOANS & ADVANCES (ATTACH LIST) $ 0 $ 0 $ 0 $ 0 - -------------------------------------------------------------------------------------------------- 7. SALE OF ASSETS $ 0 $ 0 $ 0 $ 0 - -------------------------------------------------------------------------------------------------- 8. OTHER (ATTACH LIST) ($25,172,256) ($2,128,014) $ 0 ($27,300,270) - -------------------------------------------------------------------------------------------------- 9. TOTAL NON-OPERATING RECEIPTS ($25,172,256) ($2,128,014) $ 0 ($27,300,270) - -------------------------------------------------------------------------------------------------- 10. TOTAL RECEIPTS ($3,741) ($1,961) $ 0 ($5,702) - -------------------------------------------------------------------------------------------------- 11. TOTAL CASH AVAILABLE $ 2,143,834 $ 1,663,383 $498 $ 2,141,873 - -------------------------------------------------------------------------------------------------- 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) $ 478,490 $ 1,662,885 $ 0 $ 2,141,375 - -------------------------------------------------------------------------------------------------- 30. TOTAL REORGANIZATION EXPENSES $ 478,490 $ 1,662,885 $ 0 $ 2,141,375 - -------------------------------------------------------------------------------------------------- 31. TOTAL DISBURSEMENTS $ 478,490 $ 1,662,885 $ 0 $ 2,141,375 - -------------------------------------------------------------------------------------------------- 32. NET CASH FLOW ($482,231) ($1,664,846) $ 0 ($2,147,077) - -------------------------------------------------------------------------------------------------- 33. CASH - END OF MONTH $ 1,665,344 $ 498 $498 $ 498 - -------------------------------------------------------------------------------------------------- $ 0 $ 0
- -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- Monthly Operating Report - -------------------------------------- CASE NAME: KITTY HAWK AIRCARGO, INC. ACCRUAL BASIS-4 - -------------------------------------- - -------------------------------------- CASE NUMBER: 400-42142-BJH-11 02/13/95, RWD, 2/96 - --------------------------------------
- ---------------------------------------------------------------------------------------------- MONTH MONTH MONTH SCHEDULE -------------------------------------------- ACCOUNTS RECEIVABLE AGING AMOUNT JANUARY, 2002 FEBRUARY, 2002 MARCH, 2002 - ---------------------------------------------------------------------------------------------- 1. 0-30 $27,808,237 $3,524,449 $1,370,448 $0 - --------------------------------------------------------------------------------------------- 2. 31-60 $ 648,873 $ 12,460 $ 126,625 $0 - --------------------------------------------------------------------------------------------- 3. 61-90 $ 923,454 ($5,131) ($5,002) $0 - --------------------------------------------------------------------------------------------- 4. 91+ ($77,519) $2,121,578 $2,121,573 $0 - --------------------------------------------------------------------------------------------- 5. TOTAL ACCOUNTS RECEIVABLE $29,303,045 $5,653,356 $3,613,644 $0 - --------------------------------------------------------------------------------------------- 6. TOTAL CASH - --------------------------------------------------------------------------------------------- 7. ACCOUNTS RECEIVABLE (NET) $29,303,045 $5,653,356 $3,613,644 $0 - ---------------------------------------------------------------------------------------------
- ---------------------------------------- AGING OF POSTPETITION TAXES AND PAYABLES MONTH: FEBRUARY, 2002 ----------------- - -------------------------------------------------------------------------- 0-30 31-60 61-90 91+ TAXES PAYABLE DAYS DAYS DAYS DAYS TOTAL - -------------------------------------------------------------------------- 1. FEDERAL $ 0 $ 0 $ 0 $ 0 $ 0 - -------------------------------------------------------------------------- 2. STATE $ 3,472 $ 0 $ 0 $ 0 $ 3,472 - -------------------------------------------------------------------------- 3. LOCAL $ 0 $ 0 $ 0 $ 0 $ 0 - -------------------------------------------------------------------------- 4. OTHER (ATTACH LIST) $ 0 $ 0 $ 0 $ 0 $ 0 - -------------------------------------------------------------------------- 5. TOTAL TAXES PAYABLE $ 3,472 $ 0 $ 0 $ 0 $ 3,472 - -------------------------------------------------------------------------- - -------------------------------------------------------------------------- 6. ACCOUNTS PAYABLE $675,626 $5,619 $818 $179,940 $862,003 - -------------------------------------------------------------------------- $ 0
- -------------------------------------- STATUS OF POSTPETITION TAXES MONTH: FEBRUARY, 2002 ----------------- - ------------------------------------------------------------------------------------------ BEGINNING AMOUNT ENDING TAX WITHHELD AND/ AMOUNT TAX FEDERAL LIABILITY* 0R ACCRUED PAID LIABILITY - ------------------------------------------------------------------------------------------ 1. WITHHOLDING** $ 0 $560,054 $560,054 $ 0 - ------------------------------------------------------------------------------------------ 2. FICA-EMPLOYEE** $ 0 $ 0 - ------------------------------------------------------------------------------------------ 3. FICA-EMPLOYER** $ 0 $ 0 - ------------------------------------------------------------------------------------------ 4. UNEMPLOYMENT $ 0 $ 0 - ------------------------------------------------------------------------------------------ 5. INCOME $ 0 $ 0 $ 0 $ 0 - ------------------------------------------------------------------------------------------ 6. OTHER (ATTACH LIST) $ 0 $ 0 - ------------------------------------------------------------------------------------------ 7. TOTAL FEDERAL TAXES $ 0 $560,054 $560,054 $ 0 - ------------------------------------------------------------------------------------------ STATE AND LOCAL - ------------------------------------------------------------------------------------------ 8. WITHHOLDING $ 0 $ 0 - ------------------------------------------------------------------------------------------ 9. SALES $ 0 $ 0 - ------------------------------------------------------------------------------------------ 10. EXCISE $4,000 $ 3,472 $ 4,000 $3,472 - ------------------------------------------------------------------------------------------ 11. UNEMPLOYMENT $ 0 $ 0 - ------------------------------------------------------------------------------------------ 12. REAL PROPERTY $ 0 $ 0 - ------------------------------------------------------------------------------------------ 13. PERSONAL PROPERTY $ 0 $ 0 $ 0 $ 0 - ------------------------------------------------------------------------------------------ 14. OTHER (ATTACH LIST) $ 0 $ 0 - ------------------------------------------------------------------------------------------ 15. TOTAL STATE & LOCAL $4,000 $ 3,472 $ 4,000 $3,472 - ------------------------------------------------------------------------------------------ 16. TOTAL TAXES $4,000 $563,526 $564,054 $3,472 - ------------------------------------------------------------------------------------------
* The beginning tax liability should represent the liability from the prior month or, if this is the first operating report, the amount should be zero. ** Attach photocopies of IRS Form 6123 or your FTD coupon and payment receipt to verify payment or deposit. - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- Monthly Operating Report - -------------------------------------- CASE NAME: KITTY HAWK AIRCARGO, INC. ACCRUAL BASIS-5 - -------------------------------------- - -------------------------------------- CASE NUMBER: 400-42142-BJH-11 02/13/95, RWD, 2/96 - -------------------------------------- The debtor in possession must complete the reconciliation below for each bank account, including all general, payroll and tax accounts, as well as all savings and investment accounts, money market accounts, certificates of deposit, government obligations, etc. Accounts with restricted funds should be identified by placing an asterisk next to the account number. Attach additional sheets if necessary.
TOTAL CASH MONTH: FEBRUARY, 2002 - ------------------------------------- --------------------------------------- BANK RECONCILIATIONS Account #1 Account #2 Account #3 - -------------------------------------------------------------------------------------------------- A. BANK: Bank One Bank One - ----------------------------------------------------------------------------------------- B. ACCOUNT NUMBER: 100130152 1589845773 TOTAL - ----------------------------------------------------------------------------------------- C. PURPOSE (TYPE): Operating Account Auction Proceeds - -------------------------------------------------------------------------------------------------- 1. BALANCE PER BANK STATEMENT $ 0 $0 $ 0 - -------------------------------------------------------------------------------------------------- 2. ADD: TOTAL DEPOSITS NOT CREDITED $ 0 $0 $ 0 - -------------------------------------------------------------------------------------------------- 3. SUBTRACT: OUTSTANDING CHECKS $ 0 $0 $ 0 - -------------------------------------------------------------------------------------------------- 4. OTHER RECONCILING ITEMS ($129) $0 ($129) - -------------------------------------------------------------------------------------------------- 5. MONTH END BALANCE PER BOOKS ($129) $0 $0 ($129) - -------------------------------------------------------------------------------------------------- 6. NUMBER OF LAST CHECK WRITTEN - --------------------------------------------------------------------------------------------------
- ------------------------------------- INVESTMENT ACCOUNTS - ---------------------------------------------------------------------------------- DATE OF TYPE OF PURCHASE CURRENT BANK, ACCOUNT NAME & NUMBER PURCHASE INSTRUMENT PRICE VALUE - ---------------------------------------------------------------------------------- 7. - ---------------------------------------------------------------------------------- 8. - ---------------------------------------------------------------------------------- 9. - ---------------------------------------------------------------------------------- 10. - ---------------------------------------------------------------------------------- 11. TOTAL INVESTMENTS $ 0 $ 0 - ---------------------------------------------------------------------------------- - ------------------------------------- CASH - ---------------------------------------------------------------------------------- 12. CURRENCY ON HAND $627 - ---------------------------------------------------------------------------------- - ---------------------------------------------------------------------------------- 13. TOTAL CASH - END OF MONTH $498 - ----------------------------------------------------------------------------------
- -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- Monthly Operating Report - -------------------------------------- CASE NAME: KITTY HAWK AIRCARGO, INC. ACCRUAL BASIS-6 - -------------------------------------- - -------------------------------------- CASE NUMBER: 400-42142-BJH-11 02/13/95, RWD, 2/96 - -------------------------------------- MONTH: FEBRUARY, 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. Clark Stevens Salary $12,083 $432,081 - ---------------------------------------------------- 2. Donny Scott Salary $10,417 $502,499 - ---------------------------------------------------- 3. Susan Hawley Salary $ 0 $ 41,667 - ---------------------------------------------------- 4. - ---------------------------------------------------- 5. - ---------------------------------------------------- 6. TOTAL PAYMENTS TO INSIDERS $22,500 $976,247 - ----------------------------------------------------
- ---------------------------------------------------------------------------------------- PROFESSIONALS - ---------------------------------------------------------------------------------------- DATE OF COURT TOTAL ORDER AUTHORIZING AMOUNT AMOUNT TOTAL PAID INCURRED NAME PAYMENT APPROVED PAID TO DATE & UNPAID* - ---------------------------------------------------------------------------------------- 1. SEE KITTY HAWK, INC. MOR - CASE# 400-42141-BJH-11 - ---------------------------------------------------------------------------------------- 2. - ---------------------------------------------------------------------------------------- 3. - ---------------------------------------------------------------------------------------- 4. - ---------------------------------------------------------------------------------------- 5. - ---------------------------------------------------------------------------------------- 6. TOTAL PAYMENTS TO PROFESSIONALS $0 $0 $0 $0 - ----------------------------------------------------------------------------------------
* INCLUDE ALL FEES INCURRED, BOTH APPROVED AND UNAPPROVED - ------------------------------------------------------------------- POSTPETITION STATUS OF SECURED NOTES, LEASES PAYABLE AND ADEQUATE PROTECTION PAYMENTS - ------------------------------------------------------------------- - ----------------------------------------------------------------------- SCHEDULED AMOUNTS MONTHLY PAID TOTAL PAYMENTS DURING UNPAID NAME OF CREDITOR DUE MONTH POSTPETITION - ----------------------------------------------------------------------- 1. PEGASUS $300,439 $300,439 $0 - ----------------------------------------------------------------------- 2. CORPORATE TRUST/TRANSAMERICA $ 0 $ 0 $0 - ----------------------------------------------------------------------- 3. PROVIDENT $ 88,682 $ 88,682 $0 - ----------------------------------------------------------------------- 4. COAST BUSINESS $185,879 $185,879 $0 - ----------------------------------------------------------------------- 5. WELLS FARGO $ 0 $ 0 $0 - ----------------------------------------------------------------------- 6. TOTAL $575,000 $575,000 $0 - ----------------------------------------------------------------------- - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- Monthly Operating Report - -------------------------------------- CASE NAME: KITTY HAWK AIRCARGO, INC. ACCRUAL BASIS-7 - -------------------------------------- - -------------------------------------- CASE NUMBER: 400-42142-BJH-11 02/13/95, RWD, 2/96 - -------------------------------------- MONTH: FEBRUARY, 2002 ----------------- - -------------------------------------- QUESTIONNAIRE - ---------------------------------------------------------------------- YES NO - ---------------------------------------------------------------------- 1. HAVE ANY ASSETS BEEN SOLD OR TRANSFERRED OUTSIDE X X THE NORMAL COURSE OF BUSINESS THIS REPORTING PERIOD? - ---------------------------------------------------------------------- 2. HAVE ANY FUNDS BEEN DISBURSED FROM ANY ACCOUNT X OTHER THAN A DEBTOR IN POSSESSION ACCOUNT? - ---------------------------------------------------------------------- 3. TOTAL CASH X LOANS) DUE FROM RELATED PARTIES? - ---------------------------------------------------------------------- 4. HAVE ANY PAYMENTS BEEN MADE ON PREPETITION LIABILITIES THIS REPORTING PERIOD? - ---------------------------------------------------------------------- 5. HAVE ANY POSTPETITION LOANS BEEN RECEIVED BY THE X DEBTOR FROM ANY PARTY? - ---------------------------------------------------------------------- 6. ARE ANY POSTPETITION PAYROLL TAXES PAST DUE? X - ---------------------------------------------------------------------- 7. ARE ANY POSTPETITION STATE OR FEDERAL INCOME TAXES X PAST DUE? - ---------------------------------------------------------------------- 8. ARE ANY POSTPETITION REAL ESTATE TAXES PAST DUE? X - ---------------------------------------------------------------------- 9. ARE ANY OTHER POSTPETITION TAXES PAST DUE? X - ---------------------------------------------------------------------- 10. ARE ANY AMOUNTS OWED TO POSTPETITION CREDITORS X DELINQUENT? - ---------------------------------------------------------------------- 11. HAVE ANY PREPETITION TAXES BEEN PAID DURING THE X REPORTING PERIOD? - ---------------------------------------------------------------------- 12. ARE ANY WAGE PAYMENTS PAST DUE? X - ---------------------------------------------------------------------- IF THE ANSWER TO ANY OF THE ABOVE QUESTIONS IS "YES," PROVIDE A DETAILED EXPLANATION OF EACH ITEM. ATTACH ADDITIONAL SHEETS IF NECESSARY. a) 1: $4,500 Procedes of Vehicle Sales - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- - ------------------------------------- INSURANCE - ---------------------------------------------------------------------- YES NO - ---------------------------------------------------------------------- 1. ARE WORKER'S COMPENSATION, GENERAL LIABILITY AND OTHER X NECESSARY INSURANCE COVERAGES IN EFFECT? - ---------------------------------------------------------------------- 2. ARE ALL PREMIUM PAYMENTS PAID CURRENT? X - ---------------------------------------------------------------------- 3. PLEASE ITEMIZE POLICIES BELOW. - ---------------------------------------------------------------------- IF THE ANSWER TO ANY OF THE ABOVE QUESTIONS IS "NO," OR IF ANY POLICIES HAVE BEEN CANCELLED OR NOT RENEWED DURING THIS REPORTING PERIOD, PROVIDE AN EXPLANATION BELOW. ATTACH ADDITIONAL SHEETS IF NECESSARY. - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- - ----------------------------------------------------------------------------- INSTALLMENT PAYMENTS - ----------------------------------------------------------------------------- TYPE OF PAYMENT AMOUNT POLICY CARRIER PERIOD COVERED & FREQUENCY - ----------------------------------------------------------------------------- - ----------------------------------------------------------------------------- SEE KITTY HAWK, INC. MOR - CASE # 400-42141-BJH-11 - ----------------------------------------------------------------------------- - ----------------------------------------------------------------------------- - ----------------------------------------------------------------------------- - ----------------------------------------------------------------------------- - ----------------------------------------------------------------------------- - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- - -------------------------------------- CASE NAME: KITTY HAWK AIRCARGO, INC. FOOTNOTES SUPPLEMENT - -------------------------------------- - -------------------------------------- CASE NUMBER: 400-42142-BJH-11 ACCRUAL BASIS - -------------------------------------- MONTH: FEBRUARY, 2002 -----------------
- -------------------------------------------------------------------------------------------------------------- ACCRUAL BASIS LINE FORM NUMBER NUMBER FOOTNOTE / EXPLANATION - -------------------------------------------------------------------------------------------------------------- - -------------------------------------------------------------------------------------------------------------- - -------------------------------------------------------------------------------------------------------------- 2 13 SFAS 121 Writedown of $61,041,310 of Assets, due to USPS W-Net cancel 8/01 - -------------------------------------------------------------------------------------------------------------- SFAS 121 Writedown Adjustment of $257,832 in 9/01& $27,211 in 10/01 - -------------------------------------------------------------------------------------------------------------- SFAS 121 Writedown of $28,049,825 of Assets in 12/01, due to Economy-Post 911 - -------------------------------------------------------------------------------------------------------------- - -------------------------------------------------------------------------------------------------------------- - -------------------------------------------------------------------------------------------------------------- 3 8 All cash received into the subsidiary cash account is swept - -------------------------------------------------------------------------------------------------------------- each night to Kitty Hawk, Inc. Master Account - -------------------------------------------------------------------------------------------------------------- - -------------------------------------------------------------------------------------------------------------- - -------------------------------------------------------------------------------------------------------------- 3 31 All disbursements (either by wire transfer or check), including payroll, are - -------------------------------------------------------------------------------------------------------------- disbursed out of the Kitty Hawk, Inc. controlled disbursement - -------------------------------------------------------------------------------------------------------------- account. - -------------------------------------------------------------------------------------------------------------- - -------------------------------------------------------------------------------------------------------------- 4 6 All assessments of uncollectible accounts receivable are done - -------------------------------------------------------------------------------------------------------------- at Kitty Hawk, Inc. All reserves are recorded at Inc. and pushed - -------------------------------------------------------------------------------------------------------------- down to Inc.'s subsidiaries as deemed necessary. - -------------------------------------------------------------------------------------------------------------- - -------------------------------------------------------------------------------------------------------------- 6 Insiders Payments to insiders include a portion of the Court approved retention - -------------------------------------------------------------------------------------------------------------- payments in the month of January. - -------------------------------------------------------------------------------------------------------------- - -------------------------------------------------------------------------------------------------------------- 6 Notes/Leases Republic aircraft N901RF & N902RF were returned to lessor 2/28/01, terminating - -------------------------------------------------------------------------------------------------------------- their lease commitments. TransAmerica aircraft N750US & N751US were - -------------------------------------------------------------------------------------------------------------- erroneously ommitted from previous filings. TransAmerica a/c to be returned - -------------------------------------------------------------------------------------------------------------- - -------------------------------------------------------------------------------------------------------------- 7 3 All insurance policies are carried in the name of Kitty Hawk, Inc. and its - -------------------------------------------------------------------------------------------------------------- subsidiaries. Therefore, they are listed here accordingly. - -------------------------------------------------------------------------------------------------------------- - -------------------------------------------------------------------------------------------------------------- 3 3 The current general ledger system is not able to provide a detail of customer - -------------------------------------------------------------------------------------------------------------- cash receipts segregated by prepetition and post petition accounts receivable. - --------------------------------------------------------------------------------------------------------------
CASE NAME: KITTY HAWK AIRCARGO, INC. CASE NUMBER: 400-42142-BJH-11 Details of Other Items FEBRUARY, 2002 ACCRUAL BASIS-1 8. OTHER (ATTACH LIST) $(22,765,036) Reported ------------ Intercompany Receivables (23,626,922) Deposits - State Street Bank (TA Air) 0 Deposits - Landing & Parking 54,000 Deposits - Ventura Aerospace 65,125 Deposits - Rent 113,643 Deposits - Misc 537,125 A/C Held for Resale/TIMCO Cr (740) Intangible - Mather 92,733 ------------ TOTAL CASH (22,765,036) Detail ------------ -- Difference 14. OTHER (ATTACH LIST) $ 2,020,460 Reported ------------ Deposits - Aircraft Leases 2,020,460 Intangible - ATAZ STC 0 ------------ 2,020,460 Detail ------------ -- Difference 22. OTHER (ATTACH LIST) $(47,604,314) Reported ------------ Accrued A/P 3,894,381 Deposit held for ATAZ sale 0 Accrued Salaries & Wages 921,006 Accrued 401K & Misc PR Deductions 68,108 Accrued PR Taxes (FICA) 66,810 Accrued Fuel Exp 1,828,218 Accrued Interest 30,633 Accrued Maintenance Reserves (2,266,192) Accrued Fed Income Tax (Post) (52,147,278) ------------ (47,604,314) Detail ------------ -- Difference 27. OTHER (ATTACH LIST) $ 19,310,372 Reported ------------ Accrued A/P 4,817,779 Accrued Maintenance Reserves 10,267,512 Accrued Fed Income Tax (Pre) 3,332,363 Accrued Taxes - Other 446 FINOVA Equip Accrued 307,272 Pegasus Lease Incentive 585,000 ------------ 19,310,372 Detail ------------ -- Difference CASE NAME: KITTY HAWK AIRCARGO, INC. CASE NUMBER: 400-42142-BJH-11 Details of Other Items FEBRUARY, 2002 ACCRUAL BASIS-2 13. OTHER (ATTACH LIST) $ 3,248,917 Reported ------------ Aircraft Expense 642,961 Maintenance 951,998 Fuel -29,143 Ops Wages 1,359,848 Ops Wages-Grnd 81,716 Ground Handling 0 Other Operating Exp 241,537 SFAS 121 Write-down of Assets, W-Net Cancel 0 ------------ 3,248,917 Detail ------------ -- Difference 16 NON OPERATING INCOME (ATT. LIST) ($639) Reported ------------ Non-Op Income (639) Detail ------------ -- Difference 17 NON OPERATING EXPENSE (ATT. LIST) $ 0 Reported ------------ Non-Op Expense -- Detail ------------ -- Difference 21 OTHER (ATTACH LIST) ($4,560,327) Reported ------------ (Gain)/Loss on Sale of Assets (4,500) Credit for Allocation of A/C Costs to KH I/C (4,555,827) ------------ (4,560,327) Detail ------------ -- Difference ACCRUAL BASIS-3 8. OTHER (ATTACH LIST) (2,128,014) Reported ------------ Transfer to Inc - all money sweeps (2,128,014) Detail ------------ to KH Inc. Case #400-42141 -- Difference ------------ EX-99.3 5 dex993.txt MONTHLY OPERATING REPORT FOR KITTY HAWK CHARTERS Exhibit 99.3 - -------------------------------------------------------------------------------- Monthly Operating Report - -------------------------------------- CASE NAME: Kitty Hawk Charters, Inc. ACCRUAL BASIS - -------------------------------------- - -------------------------------------- CASE NUMBER: 400-42143-BJH 02/13/95, RWD, 2/96 - -------------------------------------- - -------------------------------------- JUDGE: Barbara J. Houser - -------------------------------------- UNITED STATES BANKRUPTCY COURT NORTHERN DISTRICT OF TEXAS SIXTH DIVISION MONTHLY OPERATING REPORT MONTH ENDING: FEBRUARY 28, 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 3/20/2002 - -------------------------------------------- -------------------------------- PRINTED NAME OF RESPONSIBLE PARTY DATE PREPARER: /s/ Jessica L. Wilson Chief Accounting Officer - -------------------------------------------- -------------------------------- ORIGINAL SIGNATURE OF PREPARER TITLE Jessica L. Wilson 3/20/2002 - -------------------------------------------- -------------------------------- PRINTED NAME OF PREPARER DATE - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- Monthly Operating Report - ------------------------------------ CASE NAME: Kitty Hawk Charters, Inc. ACCRUAL BASIS-1 - ------------------------------------ - ------------------------------------ CASE NUMBER: 400-42143-BJH 02/13/95, RWD, 2/96 - ------------------------------------
- ------------------------------------------------- COMPARATIVE BALANCE SHEET - ----------------------------------------------------------------------------------------- MONTH MONTH MONTH SCHEDULE ------------------------------------- ASSETS AMOUNT January 2002 February 2002 - ----------------------------------------------------------------------------------------- 1. UNRESTRICTED CASH $ 15,476 $ 9,618 $ 9,618 $0 - ----------------------------------------------------------------------------------------- 2. RESTRICTED CASH $ 5,201,274 $ 0 $0 - ----------------------------------------------------------------------------------------- 3. TOTAL CASH $ 15,476 $ 5,210,892 $ 9,618 $0 - ----------------------------------------------------------------------------------------- 4. ACCOUNTS RECEIVABLE (NET) $13,356,789 $ 1,136,734 $ 886,852 $0 - ----------------------------------------------------------------------------------------- 5. INVENTORY $ 640 $ 0 $0 - ----------------------------------------------------------------------------------------- 6. NOTES RECEIVABLE $ 0 $ 0 $0 - ----------------------------------------------------------------------------------------- 7. PREPAID EXPENSES $ 69,007 ($2,772) $0 - ----------------------------------------------------------------------------------------- 8. OTHER (ATTACH LIST) $37,290,970 $ 54,494,425 $ 59,891,186 $0 - ----------------------------------------------------------------------------------------- 9. TOTAL CURRENT ASSETS $50,663,235 $ 60,911,698 $ 60,784,884 $0 - ----------------------------------------------------------------------------------------- 10. PROPERTY, PLANT & EQUIPMENT $17,083,867 $ 0 $ 0 $0 - ----------------------------------------------------------------------------------------- 11. LESS: ACCUMULATED DEPRECIATION / DEPLETION $ 0 $ 0 $0 - ----------------------------------------------------------------------------------------- 12. NET PROPERTY, PLANT & EQUIPMENT $17,083,867 $ 0 $ 0 $0 - ----------------------------------------------------------------------------------------- 13. DUE FROM INSIDERS $ 0 $ 0 $0 - ----------------------------------------------------------------------------------------- 14. OTHER ASSETS - NET OF AMORTIZATION (ATTACH LIST) $ 0 $ 0 $0 - ----------------------------------------------------------------------------------------- 15. OTHER (ATTACH LIST) - ----------------------------------------------------------------------------------------- 16. TOTAL ASSETS $67,747,102 $ 60,911,698 $ 60,784,884 $0 - ----------------------------------------------------------------------------------------- POSTPETITION LIABILITIES - ----------------------------------------------------------------------------------------- 17. ACCOUNTS PAYABLE $ 362,260 $ 276,706 $0 - ----------------------------------------------------------------------------------------- 18. TAXES PAYABLE ($3,849,417) ($3,854,540) $0 - ----------------------------------------------------------------------------------------- 19. NOTES PAYABLE $ 0 $ 0 $0 - ----------------------------------------------------------------------------------------- 20. PROFESSIONAL FEES $ 0 $ 0 $0 - ----------------------------------------------------------------------------------------- 21. SECURED DEBT $ 0 $ 0 $0 - ----------------------------------------------------------------------------------------- 22. OTHER (ATTACH LIST) $ 753,885 $ 725,432 $0 - ----------------------------------------------------------------------------------------- 23. TOTAL POSTPETITION LIABILITIES ($2,733,272) ($2,852,402) $0 - ----------------------------------------------------------------------------------------- PREPETITION LIABILITIES - ----------------------------------------------------------------------------------------- 24. SECURED DEBT $ 152,776 $ 0 $ 0 $0 - ----------------------------------------------------------------------------------------- 25. PRIORITY DEBT $ 380,384 $ 0 $ 0 $0 - ----------------------------------------------------------------------------------------- 26. UNSECURED DEBT $10,596,326 $ 18,206,244 $ 18,206,244 $0 - ----------------------------------------------------------------------------------------- 27. OTHER (ATTACH LIST) $ 0 $ 0 $0 - ----------------------------------------------------------------------------------------- 28. TOTAL PREPETITION LIABILITIES $11,129,486 $ 18,206,244 $ 18,206,244 $0 - ----------------------------------------------------------------------------------------- 29. TOTAL LIABILITIES $11,129,486 $ 15,472,972 $ 15,353,842 $0 - ----------------------------------------------------------------------------------------- EQUITY - ----------------------------------------------------------------------------------------- 30. PREPETITION OWNERS' EQUITY $ 49,811,125 $ 49,811,125 $0 - ----------------------------------------------------------------------------------------- 31. POSTPETITION CUMULATIVE PROFIT OR (LOSS) ($4,372,399) ($4,380,083) $0 - ----------------------------------------------------------------------------------------- 32. DIRECT CHARGES TO EQUITY (ATTACH EXPLANATION) - ----------------------------------------------------------------------------------------- 33. TOTAL EQUITY $ 0 $ 45,438,726 $ 45,431,042 $0 - ----------------------------------------------------------------------------------------- 34. TOTAL LIABILITIES & OWNERS' EQUITY $11,129,486 $ 60,911,698 $ 60,784,884 $0 - -----------------------------------------------------------------------------------------
- -------------------------------------------------------------------------------- ================================================================================ Monthly Operating Report - -------------------------------------- CASE NAME: Kitty Hawk Charters, Inc. ACCRUAL BASIS-2 - -------------------------------------- - -------------------------------------- CASE NUMBER: 400-42143-BJH 02/13/95, RWD, 2/96 - --------------------------------------
- -------------------------------------- INCOME STATEMENT - ----------------------------------------------------------------------------------------- MONTH MONTH MONTH ------------------------------------ QUARTER REVENUES January 2002 February 2002 TOTAL - ---------------------------------------------------------------------------------------- 1. GROSS REVENUES $ 435 ($14,743) $0 ($14,308) - ----------------------------------------------------------------------------------------- 2. LESS: RETURNS & DISCOUNTS $ 0 $ 0 $0 $ 0 - ----------------------------------------------------------------------------------------- 3. NET REVENUE $ 435 ($14,743) $0 ($14,308) - ----------------------------------------------------------------------------------------- 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 $ 435 ($14,743) $0 ($14,308) - ----------------------------------------------------------------------------------------- OPERATING EXPENSES - ----------------------------------------------------------------------------------------- 9. OFFICER / INSIDER COMPENSATION $ 0 $ 0 $0 $ 0 - ----------------------------------------------------------------------------------------- 10. SELLING & MARKETING $ 0 $ 0 $0 $ 0 - ----------------------------------------------------------------------------------------- 11. GENERAL & ADMINISTRATIVE $ 20,758 $ 57 $0 $ 20,815 - ----------------------------------------------------------------------------------------- 12. RENT & LEASE $ 0 $ 0 $0 $ 0 - ----------------------------------------------------------------------------------------- 13. OTHER (ATTACH LIST) $ 95,422 $ 0 $0 $ 95,422 - ----------------------------------------------------------------------------------------- 14. TOTAL OPERATING EXPENSES $ 116,180 $ 57 $0 $ 116,237 - ----------------------------------------------------------------------------------------- 15. INCOME BEFORE NON-OPERATING INCOME & EXPENSE ($115,745) ($14,800) $0 ($130,545) - ----------------------------------------------------------------------------------------- OTHER INCOME & EXPENSES - ----------------------------------------------------------------------------------------- 16. NON-OPERATING INCOME (ATT. LIST) $ 0 $ 0 $0 $ 0 - ----------------------------------------------------------------------------------------- 17. NON-OPERATING EXPENSE (ATT. LIST) $ 0 $ 0 $0 $ 0 - ----------------------------------------------------------------------------------------- 18. INTEREST EXPENSE $ 0 $ 0 $0 $ 0 - ----------------------------------------------------------------------------------------- 19. DEPRECIATION / DEPLETION $ 0 $ 0 $0 $ 0 - ----------------------------------------------------------------------------------------- 20. AMORTIZATION $ 0 $ 0 $0 $ 0 - ----------------------------------------------------------------------------------------- 21. OTHER (ATTACH LIST) ($201,351) ($1,995) $0 ($203,346) - ----------------------------------------------------------------------------------------- 22. NET OTHER INCOME & EXPENSES ($201,351) ($1,995) $0 ($203,346) - ----------------------------------------------------------------------------------------- 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 $ 34,242 ($5,122) $0 $ 29,120 - ----------------------------------------------------------------------------------------- 28. NET PROFIT (LOSS) $ 51,364 ($7,683) $0 $ 43,681 - -----------------------------------------------------------------------------------------
================================================================================ - -------------------------------------------------------------------------------- Monthly Operating Report - -------------------------------------- CASE NAME: Kitty Hawk Charters, Inc. ACCRUAL BASIS-3 - -------------------------------------- - -------------------------------------- CASE NUMBER: 400-42143-BJH 02/13/95, RWD, 2/96 - --------------------------------------
- ----------------------------------------------------------------------------------------- MONTH MONTH MONTH CASH RECEIPTS AND ------------------------------------ QUARTER DISBURSEMENTS January 2002 February 2002 TOTAL - ----------------------------------------------------------------------------------------- 1. CASH - BEGINNING OF MONTH $ 93,050 $ 9,618 $0 $ 93,050 - ----------------------------------------------------------------------------------------- RECEIPTS FROM OPERATIONS - ----------------------------------------------------------------------------------------- 2. CASH SALES $ 0 $ 0 $0 $ 0 - ----------------------------------------------------------------------------------------- COLLECTION OF ACCOUNTS RECEIVABLE - ----------------------------------------------------------------------------------------- 3. PREPETITION $ 0 $ 0 $0 $ 0 - ----------------------------------------------------------------------------------------- 4. POSTPETITION $ 801,356 $ 124,487 $0 $ 925,843 - ----------------------------------------------------------------------------------------- 5. TOTAL OPERATING RECEIPTS $ 801,356 $ 124,487 $0 $ 925,843 - ----------------------------------------------------------------------------------------- NON - OPERATING RECEIPTS - ----------------------------------------------------------------------------------------- 6. LOANS & ADVANCES (ATTACH LIST) $ 0 $ 0 $0 $ 0 - ----------------------------------------------------------------------------------------- 7. SALE OF ASSETS $ 0 $ 0 $0 $ 0 - ----------------------------------------------------------------------------------------- 8. OTHER (ATTACH LIST) ($884,788) ($124,487) $0 ($1,009,275) - ----------------------------------------------------------------------------------------- 9. TOTAL NON-OPERATING RECEIPTS ($884,788) ($124,487) $0 ($1,009,275) - ----------------------------------------------------------------------------------------- 10. TOTAL RECEIPTS ($83,432) $ 0 $0 ($83,432) - ----------------------------------------------------------------------------------------- 11. TOTAL CASH AVAILABLE $ 9,618 $ 9,618 $0 $ 9,618 - ----------------------------------------------------------------------------------------- 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 ($83,432) $ 0 $0 ($83,432) - ----------------------------------------------------------------------------------------- 33. CASH - END OF MONTH $ 9,618 $ 9,618 $0 $ 9,618 - -----------------------------------------------------------------------------------------
================================================================================ - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- Monthly Operating Report - -------------------------------------- CASE NAME: Kitty Hawk Charters, Inc. ACCRUAL BASIS-4 - -------------------------------------- - -------------------------------------- CASE NUMBER: 400-42143-BJH 02/13/95, RWD, 2/96 - --------------------------------------
- -------------------------------------------------------------------------------------- MONTH MONTH MONTH SCHEDULE ------------------------------------ ACCOUNTS RECEIVABLE AGING AMOUNT January 2002 February 2002 - -------------------------------------------------------------------------------------- 1. 0-30 $ (11,867) $ 3,190 $0 - -------------------------------------------------------------------------------------- 2. 31-60 $ 180,645 ($7,100) $0 - -------------------------------------------------------------------------------------- 3. 61-90 $ 211,231 $ 97,532 $0 - -------------------------------------------------------------------------------------- 4. 91+ $ 756,725 $793,230 $0 - -------------------------------------------------------------------------------------- 5. TOTAL ACCOUNTS RECEIVABLE $0 $1,136,734 $886,852 $0 - -------------------------------------------------------------------------------------- 6. AMOUNT CONSIDERED UNCOLLECTIBLE $ 0 $ 0 $0 - -------------------------------------------------------------------------------------- 7. ACCOUNTS RECEIVABLE (NET) $0 $1,136,734 $886,852 $0 - --------------------------------------------------------------------------------------
- ------------------------------------------------ AGING OF POSTPETITION TAXES AND PAYABLES MONTH: February 2002 ----------------- - ------------------------------------------------------------------------------------ 0-30 31-60 61-90 91+ TAXES PAYABLE DAYS DAYS DAYS DAYS TOTAL - ------------------------------------------------------------------------------------ 1. FEDERAL ($3,873,998) $ 0 $ 0 $ 0 ($3,873,998) - ------------------------------------------------------------------------------------ 2. STATE $ 19,458 $ 0 $ 0 $ 0 $ 19,458 - ------------------------------------------------------------------------------------ 3. LOCAL $ 0 $ 0 $ 0 $ 0 $ 0 - ------------------------------------------------------------------------------------ 4. OTHER (ATTACH LIST) $ 0 $ 0 $ 0 $ 0 $ 0 - ------------------------------------------------------------------------------------ 5. TOTAL TAXES PAYABLE ($3,854,540) $ 0 $ 0 $ 0 ($3,854,540) - ------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------ 6. ACCOUNTS PAYABLE ($131,776) $1,345 $70,609 $336,528 $ 276,706 - ------------------------------------------------------------------------------------
- ---------------------------- STATUS OF POSTPETITION TAXES MONTH: February 2002 -------------------------- - ------------------------------------------------------------------------------------ BEGINNING AMOUNT ENDING TAX WITHHELD AND/ AMOUNT TAX FEDERAL LIABILITY* 0R ACCRUED PAID LIABILITY - ------------------------------------------------------------------------------------ 1. WITHHOLDING** $ 0 $ 0 $0 $ 0 - ------------------------------------------------------------------------------------ 2. FICA-EMPLOYEE** $ 0 $ 0 $0 $ 0 - ------------------------------------------------------------------------------------ 3. FICA-EMPLOYER** $ 0 $ 0 $0 $ 0 - ------------------------------------------------------------------------------------ 4. UNEMPLOYMENT $ 0 $ 0 $0 $ 0 - ------------------------------------------------------------------------------------ 5. INCOME ($3,868,876) ($5,122) $0 ($3,873,998) - ------------------------------------------------------------------------------------ 6. OTHER (ATTACH LIST) $ 0 $ 0 $0 $ 0 - ------------------------------------------------------------------------------------ 7. TOTAL FEDERAL TAXES ($3,868,876) ($5,122) $0 ($3,873,998) - ------------------------------------------------------------------------------------ STATE AND LOCAL - ------------------------------------------------------------------------------------ 8. WITHHOLDING $ 0 $ 0 $0 $ 0 - ------------------------------------------------------------------------------------ 9. SALES $ 0 $ 0 $0 $ 0 - ------------------------------------------------------------------------------------ 10. EXCISE $ 19,458 $ 0 $0 $ 19,458 - ------------------------------------------------------------------------------------ 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 $ 19,458 $ 0 $0 $ 19,458 - ------------------------------------------------------------------------------------ 16. TOTAL TAXES ($3,849,418) ($5,122) $0 ($3,854,540) - ------------------------------------------------------------------------------------
* The beginning tax liability should represent the liability from the prior month or, if this is the first operating report, the amount should be zero. ** Attach photocopies of IRS Form 6123 or your FTD coupon and payment receipt to verify payment or deposit. - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- Monthly Operating Report - -------------------------------------- CASE NAME: Kitty Hawk Charters, Inc. ACCRUAL BASIS-5 - -------------------------------------- - -------------------------------------- CASE NUMBER: 400-42143-BJH 02/13/95, RWD, 2/96 - -------------------------------------- The debtor in possession must complete the reconciliation below for each bank account, including all general, payroll and tax accounts, as well as all savings and investment accounts, money market accounts, certificates of deposit, government obligations, etc. Accounts with restricted funds should be identified by placing an asterisk next to the account number. Attach additional sheets if necessary.
MONTH: February 2002 - ------------------------------------- ---------------------------------- BANK RECONCILIATIONS Account #1 Account #2 Account #3 - ------------------------------------------------------------------------------------------- A. BANK: Bank One Bank One - ------------------------------------------------------------------------------------------- B. ACCOUNT NUMBER: 100128198 #1571582806 TOTAL - ------------------------------------------------------------------------------------------- C. PURPOSE (TYPE): Deposit Auction Proceeds - ------------------------------------------------------------------------------------------- 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 $9,618 $0 $0 $9,618 - ------------------------------------------------------------------------------------------- 5. MONTH END BALANCE PER BOOKS $9,618 $0 $0 $9,618 - ------------------------------------------------------------------------------------------- 6. NUMBER OF LAST CHECK WRITTEN No checks Account Closed - -------------------------------------------------------------------------------------------
- ------------------------------ INVESTMENT ACCOUNTS - --------------------------------------------------------------------------- DATE OF TYPE OF PURCHASE CURRENT BANK, ACCOUNT NAME & NUMBER PURCHASE INSTRUMENT PRICE VALUE - --------------------------------------------------------------------------- 7. N/A - --------------------------------------------------------------------------- 8. N/A - --------------------------------------------------------------------------- 9. N/A - --------------------------------------------------------------------------- 10. N/A - --------------------------------------------------------------------------- 11. TOTAL INVESTMENTS $0 $ 0 - --------------------------------------------------------------------------- - ------------------------------ CASH - --------------------------------------------------------------------------- 12. CURRENCY ON HAND $ 0 - --------------------------------------------------------------------------- - --------------------------------------------------------------------------- 13. TOTAL CASH - END OF MONTH $9,618 - ---------------------------------------------------------------------------
- -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- Monthly Operating Report - -------------------------------------- CASE NAME: Kitty Hawk Charters, Inc. ACCRUAL BASIS-6 - -------------------------------------- - -------------------------------------- CASE NUMBER: 400-42143-BJH 02/13/95, RWD, 2/96 - -------------------------------------- MONTH: February 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. Toby Skaar Salary $0 $ 4,808 - ----------------------------------------------------- 2. Doug Kalitta Salary $0 $219,000 - ----------------------------------------------------- 3. N/A - ----------------------------------------------------- 4. N/A - ----------------------------------------------------- 5. N/A - ----------------------------------------------------- 6. TOTAL PAYMENTS TO INSIDERS $0 $223,808 - -----------------------------------------------------
- ----------------------------------------------------------------------------------------- PROFESSIONALS - ----------------------------------------------------------------------------------------- DATE OF COURT TOTAL ORDER AUTHORIZING AMOUNT AMOUNT TOTAL PAID INCURRED NAME PAYMENT APPROVED PAID TO DATE & UNPAID * - ----------------------------------------------------------------------------------------- 1. N/A - ----------------------------------------------------------------------------------------- 2. N/A - ----------------------------------------------------------------------------------------- 3. N/A - ----------------------------------------------------------------------------------------- 4. N/A - ----------------------------------------------------------------------------------------- 5. N/A - ----------------------------------------------------------------------------------------- 6. TOTAL PAYMENTS TO PROFESSIONALS $0 $0 $0 $0 - -----------------------------------------------------------------------------------------
* INCLUDE ALL FEES INCURRED, BOTH APPROVED AND UNAPPROVED - -------------------------------------------------------------------------------- POSTPETITION STATUS OF SECURED NOTES, LEASES PAYABLE AND ADEQUATE PROTECTION PAYMENTS - -------------------------------------------------------------------------------- - ------------------------------------------------------------------------------- SCHEDULED AMOUNTS MONTHLY PAID TOTAL PAYMENTS DURING UNPAID NAME OF CREDITOR DUE MONTH POSTPETITION - ------------------------------------------------------------------------------- 1. N/A - ------------------------------------------------------------------------------- 2. N/A - ------------------------------------------------------------------------------- 3. N/A - ------------------------------------------------------------------------------- 4. N/A - ------------------------------------------------------------------------------- 5. N/A - ------------------------------------------------------------------------------- 6. TOTAL - ------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- Monthly Operating Report - -------------------------------------- CASE NAME: Kitty Hawk Charters, Inc. ACCRUAL BASIS-7 - -------------------------------------- - -------------------------------------- CASE NUMBER: 400-42143-BJH 02/13/95, RWD, 2/96 - -------------------------------------- MONTH: February 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. - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- - ------------------------- INSURANCE - -------------------------------------------------------------------------------- YES NO - -------------------------------------------------------------------------------- 1. ARE WORKER'S COMPENSATION, GENERAL LIABILITY AND OTHER NECESSARY INSURANCE COVERAGES IN EFFECT? X - -------------------------------------------------------------------------------- 2. ARE ALL PREMIUM PAYMENTS PAID CURRENT? X - -------------------------------------------------------------------------------- 3. PLEASE ITEMIZE POLICIES BELOW. - -------------------------------------------------------------------------------- IF THE ANSWER TO ANY OF THE ABOVE QUESTIONS IS "NO," OR IF ANY POLICIES HAVE BEEN CANCELLED OR NOT RENEWED DURING THIS REPORTING PERIOD, PROVIDE AN EXPLANATION BELOW. ATTACH ADDITIONAL SHEETS IF NECESSARY. - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- INSTALLMENT PAYMENTS - --------------------------------------------------------------------------- TYPE OF PAYMENT AMOUNT POLICY CARRIER PERIOD COVERED & FREQUENCY - --------------------------------------------------------------------------- See Kitty Hawk, Inc. Case #400-42141 - --------------------------------------------------------------------------- - --------------------------------------------------------------------------- - --------------------------------------------------------------------------- - --------------------------------------------------------------------------- - --------------------------------------------------------------------------- - --------------------------------------------------------------------------- - --------------------------------------------------------------------------- ================================================================================ - -------------------------------------- CASE NAME: Kitty Hawk Charters, Inc. FOOTNOTES SUPPLEMENT - -------------------------------------- - -------------------------------------- CASE NUMBER: 400-42143-BJH ACCRUAL BASIS - -------------------------------------- MONTH: February 2002 -----------------
- --------------------------------------------------------------------------------------------------------------- ACCRUAL BASIS LINE FORM NUMBER NUMBER FOOTNOTE / EXPLANATION - --------------------------------------------------------------------------------------------------------------- - --------------------------------------------------------------------------------------------------------------- - --------------------------------------------------------------------------------------------------------------- 6 All Professional fees related to the Reorganization of the - --------------------------------------------------------------------------------------------------------------- Company are disbursed out of Kitty Hawk, Inc. (Parent - --------------------------------------------------------------------------------------------------------------- Company). Refer to Case # 400-42141 - --------------------------------------------------------------------------------------------------------------- - --------------------------------------------------------------------------------------------------------------- 7 All insurance plans related to the Company are carried - --------------------------------------------------------------------------------------------------------------- at Kitty Hawk, Inc. (Parent Company). Refer to Case # - --------------------------------------------------------------------------------------------------------------- 400-42141. - --------------------------------------------------------------------------------------------------------------- - --------------------------------------------------------------------------------------------------------------- - --------------------------------------------------------------------------------------------------------------- 3 3 The current general ledger system is not able to provide a detail of - --------------------------------------------------------------------------------------------------------------- customer cash receipts segregated by prepetion accounts receivable - --------------------------------------------------------------------------------------------------------------- and post petition accounts receivable. Therefore, cash receipts - --------------------------------------------------------------------------------------------------------------- is provided in total for the month. - --------------------------------------------------------------------------------------------------------------- - --------------------------------------------------------------------------------------------------------------- - --------------------------------------------------------------------------------------------------------------- - --------------------------------------------------------------------------------------------------------------- 3 8 All cash received into the Company cash accounts is swept - --------------------------------------------------------------------------------------------------------------- each night to Kitty Hawk, Inc. Master Account (see Case - --------------------------------------------------------------------------------------------------------------- #400-42141). - --------------------------------------------------------------------------------------------------------------- - --------------------------------------------------------------------------------------------------------------- 3 31 All disbursements (either by wire transfer or check), including payroll are - --------------------------------------------------------------------------------------------------------------- disbursed out of the Kitty Hawk, Inc. controlled disbursement - --------------------------------------------------------------------------------------------------------------- account. - --------------------------------------------------------------------------------------------------------------- - --------------------------------------------------------------------------------------------------------------- 4 6 All assessment of uncollectible accounts receivable are done - --------------------------------------------------------------------------------------------------------------- at Kitty Hawk, Inc. Refer to Case #400-4214. All reserves - --------------------------------------------------------------------------------------------------------------- are recorded at Inc. and pushed down to Inc.'s subsidiaries - --------------------------------------------------------------------------------------------------------------- as deemed necessary. - --------------------------------------------------------------------------------------------------------------- - --------------------------------------------------------------------------------------------------------------- 4 6 Accounts payable on the aging are in the 60 and 90 day categories due to wire - --------------------------------------------------------------------------------------------------------------- transfers sent as prepayment on Kitty Hawk Inc. (Case #400-42141) A/P - --------------------------------------------------------------------------------------------------------------- aging and invoices on Kitty Hawk Charters Aging. Company is working on - --------------------------------------------------------------------------------------------------------------- clearing these items. - --------------------------------------------------------------------------------------------------------------- - --------------------------------------------------------------------------------------------------------------- - --------------------------------------------------------------------------------------------------------------- - --------------------------------------------------------------------------------------------------------------- 3 28 All payments are made by Kitty Hawk, Inc. (Case #400-42141) - --------------------------------------------------------------------------------------------------------------- - --------------------------------------------------------------------------------------------------------------- All inventory and fixed assets have been sold as of 12/19/01. This company has ceased operations. Current period activity relates to wrapping up final activity and General any miscellaneous billings and payables processing. - --------------------------------------------------------------------------------------------------------------- - --------------------------------------------------------------------------------------------------------------- Based on court order, all funds held in the restricted cash account as a result of the sale of the KH Charters assets, have been remitted to Wells Fargo Bank to be applied to our outstanding debt on the Revolving credit facility held at Kitty Hawk 1 2 Inc. (Case #400-42141). - ---------------------------------------------------------------------------------------------------------------
CASE NAME: Kitty Hawk Charters, Inc. CASE NUMBER: 400-42143 Details of Other Items ACCRUAL BASIS-1 February 2002 8. OTHER (ATTACH LIST) $ 59,891,186 Reported ------------ Intercompany Receivables 59,325,357 A/R Clothing Sales 27,678 A/R Aging reconciling item 217,611 A/R Bankrupt customers 267,277 Security Deposit 53,263 ------------ 59,891,186 Detail ------------ -- Difference 22. OTHER (ATTACH LIST) $ 725,432 Reported ------------ Accrued charter expenses 367,437 A/P Aging reconciling item 19,437 Misc 8,063 Accrued Fuel 330,495 ------------ 725,432 Detail ------------ -- Difference ACCRUAL BASIS-2 21. OTHER (ATTACH LIST) (1,995) Reported ------------ Interest Income (1,995) ------------ (1,995) Detail ------------ -- Difference ACCRUAL BASIS-3 8. OTHER (ATTACH LIST) (124,487) Reported ------------ Credit card charges (58) Misc Receipts 193 Sweeps to Kitty Hawk, Inc. (124,622) ------------ (124,487) Detail ------------ -- Difference EX-99.4 6 dex994.txt MONTHLY OPERATING REPORT FOR KITTY HAWK INT'L Exhibit 99.4 - -------------------------------------------------------------------------------- Monthly Operating Report - -------------------------------------------- CASE NAME: Kitty Hawk International, Inc. ACCRUAL BASIS - -------------------------------------------- - -------------------------------------------- CASE NUMBER: 400-42144 02/13/95, RWD, 2/96 - -------------------------------------------- - -------------------------------------------- JUDGE: Barbara J. Houser - -------------------------------------------- UNITED STATES BANKRUPTCY COURT NORTHERN DISTRICT OF TEXAS SIXTH DIVISION MONTHLY OPERATING REPORT MONTH ENDING: FEBRUARY 28, 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 3/20/2002 - ------------------------------------------- ------------------------------- PRINTED NAME OF RESPONSIBLE PARTY DATE PREPARER: /s/ Jessica L. Wilson Chief Accounting Officer - ------------------------------------------- ------------------------------- ORIGINAL SIGNATURE OF PREPARER TITLE Jessica L. Wilson 3/20/2002 - ------------------------------------------- ------------------------------- PRINTED NAME OF PREPARER DATE - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- Monthly Operating Report - -------------------------------------------- CASE NAME: Kitty Hawk International, Inc. ACCRUAL BASIS-1 - -------------------------------------------- - -------------------------------------------- CASE NUMBER: 400-42144 02/13/95, RWD, 2/96 - --------------------------------------------
- -------------------------------------------------- COMPARATIVE BALANCE SHEET - -------------------------------------------------------------------------------------------- MONTH MONTH MONTH SCHEDULE ---------------------------------------- ASSETS AMOUNT January 2002 February 2002 - -------------------------------------------------------------------------------------------- 1. UNRESTRICTED CASH $ 40,098 $ 0 $ 0 $0 - -------------------------------------------------------------------------------------------- 2. RESTRICTED CASH $ 13,222,000 $ 17,335,808 $0 - -------------------------------------------------------------------------------------------- 3. TOTAL CASH $ 40,098 $ 13,222,000 $ 17,335,808 $0 - -------------------------------------------------------------------------------------------- 4. ACCOUNTS RECEIVABLE (NET) $ 9,006,275 $ 7,703,775 $ 7,703,775 $0 - -------------------------------------------------------------------------------------------- 5. INVENTORY $ 20,429,725 $ 0 $ 0 $0 - -------------------------------------------------------------------------------------------- 6. NOTES RECEIVABLE $ 0 $ 0 $0 - -------------------------------------------------------------------------------------------- 7. PREPAID EXPENSES $ 32,337 $ 71,981 $0 - -------------------------------------------------------------------------------------------- 8. OTHER (ATTACH LIST) $ 21,367,511 ($335,624,097) ($335,947,601) $0 - -------------------------------------------------------------------------------------------- 9. TOTAL CURRENT ASSETS $ 50,843,609 ($314,665,985) ($310,836,037) $0 - -------------------------------------------------------------------------------------------- 10. PROPERTY, PLANT & EQUIPMENT $ 474,988,760 $ 491,719,568 $ 468,794,669 $0 - -------------------------------------------------------------------------------------------- 11. LESS: ACCUMULATED DEPRECIATION / DEPLETION $ 432,773,107 $ 421,848,208 $0 - -------------------------------------------------------------------------------------------- 12. NET PROPERTY, PLANT & EQUIPMENT $ 474,988,760 $ 58,946,461 $ 46,946,461 $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 $ 525,832,369 ($255,719,524) ($263,889,576) $0 - -------------------------------------------------------------------------------------------- POSTPETITION LIABILITIES - -------------------------------------------------------------------------------------------- 17. ACCOUNTS PAYABLE $ 59,699 $ 114,008 $0 - -------------------------------------------------------------------------------------------- 18. TAXES PAYABLE $ 0 $ 0 $0 - -------------------------------------------------------------------------------------------- 19. NOTES PAYABLE $ 0 $ 0 $0 - -------------------------------------------------------------------------------------------- 20. PROFESSIONAL FEES $ 0 $ 0 $0 - -------------------------------------------------------------------------------------------- 21. SECURED DEBT $ 0 $ 0 $0 - -------------------------------------------------------------------------------------------- 22. OTHER (ATTACH LIST) ($152,916,560) ($156,044,673) $0 - -------------------------------------------------------------------------------------------- 23. TOTAL POSTPETITION LIABILITIES ($152,856,861) ($155,930,665) $0 - -------------------------------------------------------------------------------------------- PREPETITION LIABILITIES - -------------------------------------------------------------------------------------------- 24. SECURED DEBT $ 23,187,921 $ 19,560,770 $ 19,559,127 $0 - -------------------------------------------------------------------------------------------- 25. PRIORITY DEBT $ 4,672,323 $ 0 $ 0 $0 - -------------------------------------------------------------------------------------------- 26. UNSECURED DEBT $ 392,188,633 $ 16,702,868 $ 16,702,868 $0 - -------------------------------------------------------------------------------------------- 27. OTHER (ATTACH LIST) $ 75,509,394 $ 75,109,394 $0 - -------------------------------------------------------------------------------------------- 28. TOTAL PREPETITION LIABILITIES $ 420,048,877 $ 111,773,032 $ 111,371,389 $0 - -------------------------------------------------------------------------------------------- 29. TOTAL LIABILITIES $ 420,048,877 ($ 41,083,829) ($44,559,276) $0 - -------------------------------------------------------------------------------------------- EQUITY - -------------------------------------------------------------------------------------------- 30. PREPETITION OWNERS' EQUITY $ 16,327,446 $ 16,327,446 $0 - -------------------------------------------------------------------------------------------- 31. POSTPETITION CUMULATIVE PROFIT OR (LOSS) ($230,963,141) ($235,657,746) $0 - -------------------------------------------------------------------------------------------- 32. DIRECT CHARGES TO EQUITY (ATTACH EXPLANATION) - -------------------------------------------------------------------------------------------- 33. TOTAL EQUITY $ 0 ($214,635,695) ($219,330,300) $0 - -------------------------------------------------------------------------------------------- 34. TOTAL LIABILITIES & OWNERS' EQUITY $ 420,048,877 ($255,719,524) ($263,889,576) $0 - --------------------------------------------------------------------------------------------
- -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- Monthly Operating Report - -------------------------------------------- CASE NAME: Kitty Hawk International, Inc. ACCRUAL BASIS-2 - -------------------------------------------- - -------------------------------------------- CASE NUMBER: 400-42144 02/13/95, RWD, 2/96 - --------------------------------------------
- -------------------------------------- INCOME STATEMENT - --------------------------------------------------------------------------------------------- MONTH MONTH MONTH ------------------------------------ QUARTER REVENUES January 2002 February 2002 TOTAL - --------------------------------------------------------------------------------------------- 1. GROSS REVENUES $ 0 $ 324,100 $0 $ 324,100 - --------------------------------------------------------------------------------------------- 2. LESS: RETURNS & DISCOUNTS $ 0 $ 0 $0 $ 0 - --------------------------------------------------------------------------------------------- 3. NET REVENUE $ 0 $ 324,100 $0 $ 324,100 - --------------------------------------------------------------------------------------------- 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 $ 324,100 $0 $ 324,100 - --------------------------------------------------------------------------------------------- OPERATING EXPENSES - --------------------------------------------------------------------------------------------- 9. OFFICER / INSIDER COMPENSATION $ 0 $ 0 $0 $ 0 - --------------------------------------------------------------------------------------------- 10. SELLING & MARKETING $ 0 $ 0 $0 $ 0 - --------------------------------------------------------------------------------------------- 11. GENERAL & ADMINISTRATIVE $ 8,679 $ 33,568 $0 $ 42,247 - --------------------------------------------------------------------------------------------- 12. RENT & LEASE $ 0 $ 0 $0 $ 0 - --------------------------------------------------------------------------------------------- 13. OTHER (ATTACH LIST) ($122,980) $ 0 $0 ($122,980) - --------------------------------------------------------------------------------------------- 14. TOTAL OPERATING EXPENSES ($114,301) $ 33,568 $0 ($ 80,733) - --------------------------------------------------------------------------------------------- 15. INCOME BEFORE NON-OPERATING INCOME & EXPENSE $ 114,301 $ 290,532 $0 $ 404,833 - --------------------------------------------------------------------------------------------- OTHER INCOME & EXPENSES - --------------------------------------------------------------------------------------------- 16. NON-OPERATING INCOME (ATT. LIST) $ 0 $ 0 $0 $ 0 - --------------------------------------------------------------------------------------------- 17. NON-OPERATING EXPENSE (ATT. LIST) $ 0 $ 0 $0 $ 0 - --------------------------------------------------------------------------------------------- 18. INTEREST EXPENSE $ 6 $ 9 $0 $ 15 - --------------------------------------------------------------------------------------------- 19. DEPRECIATION / DEPLETION $ 0 $ 0 $0 $ 0 - --------------------------------------------------------------------------------------------- 20. AMORTIZATION $ 0 $ 0 $0 $ 0 - --------------------------------------------------------------------------------------------- 21. OTHER (ATTACH LIST) $ 201,082 $ 7,976,912 $0 $ 8,177,994 - --------------------------------------------------------------------------------------------- 22. NET OTHER INCOME & EXPENSES $ 201,088 $ 7,976,921 $0 $ 8,178,009 - --------------------------------------------------------------------------------------------- REORGANIZATION EXPENSES - --------------------------------------------------------------------------------------------- 23. PROFESSIONAL FEES $ 0 $ 137,955 $0 $ 137,955 - --------------------------------------------------------------------------------------------- 24. U.S. TRUSTEE FEES $ 0 $ 0 $0 $ 0 - --------------------------------------------------------------------------------------------- 25. OTHER (ATTACH LIST) $ 0 $ 0 $0 $ 0 - --------------------------------------------------------------------------------------------- 26. TOTAL REORGANIZATION EXPENSES $ 0 $ 137,955 $0 $ 137,955 - --------------------------------------------------------------------------------------------- 27. INCOME TAX ($ 34,715) ($3,129,737) $0 ($3,164,452) - --------------------------------------------------------------------------------------------- 28. NET PROFIT (LOSS) ($ 52,072) ($4,694,607) $0 ($4,746,679) - ---------------------------------------------------------------------------------------------
- -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- Monthly Operating Report - -------------------------------------------- CASE NAME: Kitty Hawk International, Inc. ACCRUAL BASIS-3 - -------------------------------------------- - -------------------------------------------- CASE NUMBER: 400-42144 02/13/95, RWD, 2/96 - --------------------------------------------
- ------------------------------------------------------------------------------------ CASH RECEIPTS AND MONTH MONTH MONTH QUARTER ------------------------------------ DISBURSEMENTS January 2002 February 2002 TOTAL - ------------------------------------------------------------------------------------ 1. CASH - BEGINNING OF MONTH $0 $0 $0 $0 - ------------------------------------------------------------------------------------ RECEIPTS FROM OPERATIONS - ------------------------------------------------------------------------------------ 2. CASH SALES $0 $0 $0 $0 - ------------------------------------------------------------------------------------ COLLECTION OF ACCOUNTS RECEIVABLE - ------------------------------------------------------------------------------------ 3. PREPETITION $0 $0 $0 $0 - ------------------------------------------------------------------------------------ 4. POSTPETITION $0 $0 $0 $0 - ------------------------------------------------------------------------------------ 5. TOTAL OPERATING RECEIPTS $0 $0 $0 $0 - ------------------------------------------------------------------------------------ NON - OPERATING RECEIPTS - ------------------------------------------------------------------------------------ 6. LOANS & ADVANCES (ATTACH LIST) $0 $0 $0 $0 - ------------------------------------------------------------------------------------ 7. SALE OF ASSETS $0 $0 $0 $0 - ------------------------------------------------------------------------------------ 8. OTHER (ATTACH LIST) $0 $0 $0 $0 - ------------------------------------------------------------------------------------ 9. TOTAL NON-OPERATING RECEIPTS $0 $0 $0 $0 - ------------------------------------------------------------------------------------ 10. TOTAL RECEIPTS $0 $0 $0 $0 - ------------------------------------------------------------------------------------ 11. TOTAL CASH AVAILABLE $0 $0 $0 $0 - ------------------------------------------------------------------------------------ OPERATING DISBURSEMENTS - ------------------------------------------------------------------------------------ 12. NET PAYROLL $0 $0 $0 $0 - ------------------------------------------------------------------------------------ 13. PAYROLL TAXES PAID $0 $0 $0 $0 - ------------------------------------------------------------------------------------ 14. SALES, USE & OTHER TAXES PAID $0 $0 $0 $0 - ------------------------------------------------------------------------------------ 15. SECURED / RENTAL / LEASES $0 $0 $0 $0 - ------------------------------------------------------------------------------------ 16. UTILITIES $0 $0 $0 $0 - ------------------------------------------------------------------------------------ 17. INSURANCE $0 $0 $0 $0 - ------------------------------------------------------------------------------------ 18. INVENTORY PURCHASES $0 $0 $0 $0 - ------------------------------------------------------------------------------------ 19. VEHICLE EXPENSES $0 $0 $0 $0 - ------------------------------------------------------------------------------------ 20. TRAVEL $0 $0 $0 $0 - ------------------------------------------------------------------------------------ 21. ENTERTAINMENT $0 $0 $0 $0 - ------------------------------------------------------------------------------------ 22. REPAIRS & MAINTENANCE $0 $0 $0 $0 - ------------------------------------------------------------------------------------ 23. SUPPLIES $0 $0 $0 $0 - ------------------------------------------------------------------------------------ 24. ADVERTISING $0 $0 $0 $0 - ------------------------------------------------------------------------------------ 25. OTHER (ATTACH LIST) $0 $0 $0 $0 - ------------------------------------------------------------------------------------ 26. TOTAL OPERATING DISBURSEMENTS $0 $0 $0 $0 - ------------------------------------------------------------------------------------ REORGANIZATION EXPENSES - ------------------------------------------------------------------------------------ 27. PROFESSIONAL FEES $0 $0 $0 $0 - ------------------------------------------------------------------------------------ 28. U.S. TRUSTEE FEES $0 $0 $0 $0 - ------------------------------------------------------------------------------------ 29. OTHER (ATTACH LIST) $0 $0 $0 $0 - ------------------------------------------------------------------------------------ 30. TOTAL REORGANIZATION EXPENSES $0 $0 $0 $0 - ------------------------------------------------------------------------------------ 31. TOTAL DISBURSEMENTS $0 $0 $0 $0 - ------------------------------------------------------------------------------------ 32. NET CASH FLOW $0 $0 $0 $0 - ------------------------------------------------------------------------------------ 33. CASH - END OF MONTH $0 $0 $0 $0 - ------------------------------------------------------------------------------------
================================================================================ - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- Monthly Operating Report - -------------------------------------------- CASE NAME: Kitty Hawk International, Inc. ACCRUAL BASIS-4 - -------------------------------------------- - -------------------------------------------- CASE NUMBER: 400-42144 02/13/95, RWD, 2/96 - --------------------------------------------
- -------------------------------------------------------------------------------------- MONTH MONTH MONTH SCHEDULE ------------------------------------ ACCOUNTS RECEIVABLE AGING AMOUNT January 2002 February 2002 - ------------------------------------------------------------------------------------- 1. 0-30 ($50,248) $ 0 $0 - -------------------------------------------------------------------------------------- 2. 31-60 $ 906,962 $ 856,714 $0 - -------------------------------------------------------------------------------------- 3. 61-90 $ 0 $ 0 $0 - -------------------------------------------------------------------------------------- 4. 91+ $6,847,061 $6,847,061 $0 - -------------------------------------------------------------------------------------- 5. TOTAL ACCOUNTS RECEIVABLE $0 $7,703,775 $7,703,775 $0 - -------------------------------------------------------------------------------------- 6. AMOUNT CONSIDERED UNCOLLECTIBLE $ 0 $ 0 $0 - -------------------------------------------------------------------------------------- 7. ACCOUNTS RECEIVABLE (NET) $0 $7,703,775 $7,703,775 $0 - --------------------------------------------------------------------------------------
MONTH: February 2002 -------------- - -------------------------------------------- AGING OF POSTPETITION TAXES AND PAYABLES - -------------------------------------------------------------------------- 0-30 31-60 61-90 91+ TAXES PAYABLE DAYS DAYS DAYS DAYS TOTAL - -------------------------------------------------------------------------- 1. FEDERAL $ 0 $ 0 $ 0 $ 0 $ 0 - -------------------------------------------------------------------------- 2. STATE $ 0 $ 0 $ 0 $ 0 $ 0 - -------------------------------------------------------------------------- 3. LOCAL $ 0 $ 0 $ 0 $ 0 $ 0 - -------------------------------------------------------------------------- 4. OTHER (ATTACH LIST) $ 0 $ 0 $ 0 $ 0 $ 0 - -------------------------------------------------------------------------- 5. TOTAL TAXES PAYABLE $ 0 $ 0 $ 0 $ 0 $ 0 - -------------------------------------------------------------------------- - -------------------------------------------------------------------------- 6. ACCOUNTS PAYABLE $58,729 ($5,778) $655 $60,402 $114,008 - -------------------------------------------------------------------------- MONTH: February 2002 -------------- - ---------------------------- STATUS OF POSTPETITION TAXES - ------------------------------------------------------------------------------ BEGINNING AMOUNT ENDING TAX WITHHELD AND/ AMOUNT TAX FEDERAL LIABILITY* 0R ACCRUED PAID LIABILITY - ------------------------------------------------------------------------------ 1. WITHHOLDING** $0 $0 $0 $0 - ------------------------------------------------------------------------------ 2. FICA-EMPLOYEE** $0 $0 $0 $0 - ------------------------------------------------------------------------------ 3. FICA-EMPLOYER** $0 $0 $0 $0 - ------------------------------------------------------------------------------ 4. UNEMPLOYMENT $0 $0 $0 $0 - ------------------------------------------------------------------------------ 5. INCOME $0 $0 $0 $0 - ------------------------------------------------------------------------------ 6. OTHER (ATTACH LIST) $0 $0 $0 $0 - ------------------------------------------------------------------------------ 7. TOTAL FEDERAL TAXES $0 $0 $0 $0 - ------------------------------------------------------------------------------ STATE AND LOCAL - ------------------------------------------------------------------------------ 8. WITHHOLDING $0 $0 $0 $0 - ------------------------------------------------------------------------------ 9. SALES $0 $0 $0 $0 - ------------------------------------------------------------------------------ 10. EXCISE $0 $0 $0 $0 - ------------------------------------------------------------------------------ 11. UNEMPLOYMENT $0 $0 $0 $0 - ------------------------------------------------------------------------------ 12. REAL PROPERTY $0 $0 $0 $0 - ------------------------------------------------------------------------------ 13. PERSONAL PROPERTY $0 $0 $0 $0 - ------------------------------------------------------------------------------ 14. OTHER (ATTACH LIST) $0 $0 $0 $0 - ------------------------------------------------------------------------------ 15. TOTAL STATE & LOCAL $0 $0 $0 $0 - ------------------------------------------------------------------------------ 16. TOTAL TAXES $0 $0 $0 $0 - ------------------------------------------------------------------------------ * The beginning tax liability should represent the liability from the prior month or, if this is the first operating report, the amount should be zero. ** Attach photocopies of IRS Form 6123 or your FTD coupon and payment receipt to verify payment or deposit. - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- Monthly Operating Report - -------------------------------------------- CASE NAME: Kitty Hawk International, Inc. ACCRUAL BASIS-5 - -------------------------------------------- - -------------------------------------------- CASE NUMBER: 400-42144 02/13/95, RWD, 2/96 - -------------------------------------------- The debtor in possession must complete the reconciliation below for each bank account, including all general, payroll and tax accounts, as well as all savings and investment accounts, money market accounts, certificates of deposit, government obligations, etc. Accounts with restricted funds should be identified by placing an asterisk next to the account number. Attach additional sheets if necessary.
MONTH: February 2002 -------------- - -------------------------------------------- BANK RECONCILIATIONS Account #1 Account #2 Account #3 - -------------------------------------------------------------------------------------------------- A. BANK: Bank One Bank One - ------------------------------------------------------------------------------------------ B. ACCOUNT NUMBER: 1559691322 1559691330 TOTAL - ------------------------------------------------------------------------------------------ C. PURPOSE (TYPE): Deposit Payroll - -------------------------------------------------------------------------------------------------- 1. BALANCE PER BANK STATEMENT $0 $0 $0 $0 - -------------------------------------------------------------------------------------------------- 2. ADD: TOTAL DEPOSITS NOT CREDITED $0 $0 $0 $0 - -------------------------------------------------------------------------------------------------- 3. SUBTRACT: OUTSTANDING CHECKS $0 $0 $0 $0 - -------------------------------------------------------------------------------------------------- 4. OTHER RECONCILING ITEMS $0 $0 $0 $0 - -------------------------------------------------------------------------------------------------- 5. MONTH END BALANCE PER BOOKS $0 $0 $0 $0 - -------------------------------------------------------------------------------------------------- 6. NUMBER OF LAST CHECK WRITTEN N/A - Lockbox only Account closed - --------------------------------------------------------------------------------------------------
- --------------------------------- INVESTMENT ACCOUNTS - ---------------------------------------------------------------------------- DATE OF TYPE OF PURCHASE CURRENT BANK, ACCOUNT NAME & NUMBER PURCHASE INSTRUMENT PRICE VALUE - ---------------------------------------------------------------------------- 7. N/A - ---------------------------------------------------------------------------- 8. N/A - ---------------------------------------------------------------------------- 9. N/A - ---------------------------------------------------------------------------- 10. N/A - ---------------------------------------------------------------------------- 11. TOTAL INVESTMENTS $0 $0 - ---------------------------------------------------------------------------- - -------------------------------------------- CASH - ---------------------------------------------------------------------------- 12. CURRENCY ON HAND $0 - ---------------------------------------------------------------------------- - ---------------------------------------------------------------------------- 13. TOTAL CASH - END OF MONTH $0 - ---------------------------------------------------------------------------- - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- Monthly Operating Report - -------------------------------------------- CASE NAME: Kitty Hawk International, Inc. ACCRUAL BASIS-6 - -------------------------------------------- - -------------------------------------------- CASE NUMBER: 400-42144 02/13/95, RWD, 2/96 - -------------------------------------------- MONTH: February 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. Pete Sanderlin Salary $0 $17,200 - ----------------------------------------------------- 2. Tom Mealie Salary $0 $17,200 - ----------------------------------------------------- 3. N/A - ----------------------------------------------------- 4. N/A - ----------------------------------------------------- 5. N/A - ----------------------------------------------------- 6. TOTAL PAYMENTS TO INSIDERS $0 $34,400 - -----------------------------------------------------
- ----------------------------------------------------------------------------------------- PROFESSIONALS - ----------------------------------------------------------------------------------------- DATE OF COURT TOTAL ORDER AUTHORIZING AMOUNT AMOUNT TOTAL PAID INCURRED NAME PAYMENT APPROVED PAID TO DATE & UNPAID * - ----------------------------------------------------------------------------------------- 1. N/A - ----------------------------------------------------------------------------------------- 2. N/A - ----------------------------------------------------------------------------------------- 3. N/A - ----------------------------------------------------------------------------------------- 4. N/A - ----------------------------------------------------------------------------------------- 5. N/A - ----------------------------------------------------------------------------------------- 6. TOTAL PAYMENTS TO PROFESSIONALS $0 $0 $0 $0 - -----------------------------------------------------------------------------------------
* INCLUDE ALL FEES INCURRED, BOTH APPROVED AND UNAPPROVED - -------------------------------------------------------------------------------- POSTPETITION STATUS OF SECURED NOTES, LEASES PAYABLE AND ADEQUATE PROTECTION PAYMENTS - -------------------------------------------------------------------------------- - ----------------------------------------------------- SCHEDULED AMOUNTS MONTHLY PAID TOTAL PAYMENTS DURING UNPAID NAME OF CREDITOR DUE MONTH POSTPETITION - ----------------------------------------------------- 1. GE Capital $ 855 $ 859 $0 - ----------------------------------------------------- 2. GE Capital $ 784 $ 785 $0 - ----------------------------------------------------- 3. GE Capital varies $ 0 $0 - ----------------------------------------------------- 4. N/A $ 0 $0 - ----------------------------------------------------- 5. N/A $0 - ----------------------------------------------------- 6 TOTAL $1,639 $1,644 $0 - ----------------------------------------------------- - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- Monthly Operating Report - -------------------------------------------- CASE NAME: Kitty Hawk International, Inc. ACCRUAL BASIS-7 - -------------------------------------------- - -------------------------------------------- CASE NUMBER: 400-42144 02/13/95, RWD, 2/96 - -------------------------------------------- MONTH: February 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 10 - there are equipment lease payments due 5/00 and 6/00 still - -------------------------------------------------------------------------------- outstanding. These will be settled upon acceptance/rejection of leases. - -------------------------------------------------------------------------------- Item 4 - Payments made to GE Capital as equipment is in use by other Kitty Hawk - ------------------------------------------------------------------------------- entities. - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- - --------------------------------- INSURANCE - ----------------------------------------------------------------------- YES NO - ----------------------------------------------------------------------- 1. ARE WORKER'S COMPENSATION, GENERAL LIABILITY AND OTHER NECESSARY INSURANCE COVERAGES IN EFFECT? X - ----------------------------------------------------------------------- 2. ARE ALL PREMIUM PAYMENTS PAID CURRENT? X - ----------------------------------------------------------------------- 3. PLEASE ITEMIZE POLICIES BELOW - ----------------------------------------------------------------------- IF THE ANSWER TO ANY OF THE ABOVE QUESTIONS IS "NO," OR IF ANY POLICIES HAVE BEEN CANCELLED OR NOT RENEWED DURING THIS REPORTING PERIOD, PROVIDE AN EXPLANATION BELOW. ATTACH ADDITIONAL SHEETS IF NECESSARY. - -------------------------------------------------------------------------------- - --------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------- INSTALLMENT PAYMENTS - ------------------------------------------------------------------------------------- TYPE OF PAYMENT AMOUNT POLICY CARRIER PERIOD COVERED & FREQUENCY - ------------------------------------------------------------------------------------- See Kitty Hawk, Inc. Case #400-42141 - ------------------------------------------------------------------------------------- - ------------------------------------------------------------------------------------- - ------------------------------------------------------------------------------------- - ------------------------------------------------------------------------------------- - ------------------------------------------------------------------------------------- - -------------------------------------------------------------------------------------
- -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- - -------------------------------------------- CASE NAME: Kitty Hawk International, Inc. FOOTNOTES SUPPLEMENT - -------------------------------------------- - -------------------------------------------- CASE NUMBER: 400-42144 ACCRUAL BASIS - -------------------------------------------- MONTH: February 2002 ---------------------
- ---------------------------------------------------------------------------------------------------- ACCRUAL BASIS LINE FORM NUMBER NUMBER FOOTNOTE / EXPLANATION - ---------------------------------------------------------------------------------------------------- - ---------------------------------------------------------------------------------------------------- - ---------------------------------------------------------------------------------------------------- 6 All Professional fees related to the Reorganization of the - ---------------------------------------------------------------------------------------------------- Company are disbursed out of Kitty Hawk, Inc. (Parent - ---------------------------------------------------------------------------------------------------- Company). Refer to Case # 400-42141 - ---------------------------------------------------------------------------------------------------- - ---------------------------------------------------------------------------------------------------- 7 All insurance plans related to the Company are carried - ---------------------------------------------------------------------------------------------------- at Kitty Hawk, Inc. (Parent Company). Refer to Case # - ---------------------------------------------------------------------------------------------------- 400-42141. - ---------------------------------------------------------------------------------------------------- - ---------------------------------------------------------------------------------------------------- General This operation closed in May of 2000. Costs incurred during - ---------------------------------------------------------------------------------------------------- April 2001 consisted of costs associated with shut down - ---------------------------------------------------------------------------------------------------- procedures and maintaining collateral. - ---------------------------------------------------------------------------------------------------- - ---------------------------------------------------------------------------------------------------- 3 8 All cash received into the Company cash accounts is swept - ---------------------------------------------------------------------------------------------------- each night to Kitty Hawk, Inc. Master Account (see Case - ---------------------------------------------------------------------------------------------------- #400-42141). - ---------------------------------------------------------------------------------------------------- - ---------------------------------------------------------------------------------------------------- 3 31 All disbursements (either by wire transfer or check), including payroll, a - ---------------------------------------------------------------------------------------------------- disbursed out of the Kitty Hawk, Inc. controlled disbursement - ---------------------------------------------------------------------------------------------------- account. - ---------------------------------------------------------------------------------------------------- - ---------------------------------------------------------------------------------------------------- 4 6 All assessments of uncollectible accounts receivable are done - ---------------------------------------------------------------------------------------------------- at Kitty Hawk, Inc. Refer to Case #400-4214. All reserves - ---------------------------------------------------------------------------------------------------- are recorded at Inc. and pushed down to Inc.'s subsidiaries - ---------------------------------------------------------------------------------------------------- as deemed necessary. - ---------------------------------------------------------------------------------------------------- - ---------------------------------------------------------------------------------------------------- 3 28 All payments are made by Kitty Hawk, Inc. (Case #400-42141) - ---------------------------------------------------------------------------------------------------- - ---------------------------------------------------------------------------------------------------- 6 General The monthly GE Capital payments in the last year of the scheduled payments - ---------------------------------------------------------------------------------------------------- are significantly less than payments previously made. - ---------------------------------------------------------------------------------------------------- - ---------------------------------------------------------------------------------------------------- - ---------------------------------------------------------------------------------------------------- - ---------------------------------------------------------------------------------------------------- - ----------------------------------------------------------------------------------------------------
- -------------------------------------------------------------------------------- CASE NAME: Kitty Hawk International, Inc. CASE NUMBER: 400-42144 Details of Other Items
ACCRUAL BASIS-1 February 2002 8. OTHER (ATTACH LIST) $(335,947,601) Reported ------------- Intercompany Receivables (350,946,116) A/R Senior Noteholders 33,608 Deferred Taxes 13,097,746 A/R Reconciling item 109,021 Note Receivable - Kalitta charters 500,000 Deposits - Aircraft 360,971 Deposits - Rent 481,774 Security Deposit 415,395 ------------- (335,947,601) Detail ------------- -- Difference 22. OTHER (ATTACH LIST) $(156,044,673) Reported ------------- Accrued income taxes (157,105,164) Accrued Misc 283,406 Insurance Deposit 765,585 Accrued Fuel 11,500 ------------- (156,044,673) Detail ------------- -- Difference 27. OTHER (ATTACH LIST) $ 75,109,394 Reported ------------- Deferred Taxes 87,246,212 Accrued Taxes payable (18,954,646) Aircraft Maintenance Reserves - Accrued Fuel expenses 5,403,028 Prepaid Fuel (5,633,963) Accrued Salaries/Vacation/Employee Benefits 4,075,349 Uncleared 4/28/00 Payroll Checks 66,601 A/P Other/Accrued/Unrecorded (275,816) Purchase reserves 1,762,176 Accrued Landing fees/parking/cargo fees 1,646,149 Various accrued taxes 1,313,200 Other Misc accruals (1,538,896) ------------- 75,109,394 Detail ------------- -- Difference ACCRUAL BASIS-2 21 NON-OPERATING INCOME (ATT. LIST) $ 7,976,912 Reported ------------- Interest income on restricted cash investments (23,088) Loss on asset sales 8,000,000 ------------- 7,976,912 Detail ------------- -- Difference
EX-99.5 7 dex995.txt MONTHLY OPERATING REPORT FOR KITTY HAWK 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: FEBRUARY 28, 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 3/20/2002 - ------------------------------------------- -------------------------------- PRINTED NAME OF RESPONSIBLE PARTY DATE PREPARER: /s/ Kevin K. Craig CONTROLLER, KITTY HAWK INC. - ------------------------------------------- -------------------------------- ORIGINAL SIGNATURE OF PREPARER TITLE KEVIN K. CRAIG 3/20/2002 - ------------------------------------------- -------------------------------- 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 JANUARY, 2002 FEBRUARY, 2002 MARCH, 2002 - ----------------------------------------------------------------------------------------------------- 1. UNRESTRICTED CASH $ 9,001 $0 - ----------------------------------------------------------------------------------------------------- 2. RESTRICTED CASH $ 0 $ 9,001 $0 - ----------------------------------------------------------------------------------------------------- 3. TOTAL CASH $ 0 $ 9,001 $ 9,001 $0 - ----------------------------------------------------------------------------------------------------- 4. ACCOUNTS RECEIVABLE (NET) $ 41,314,895 $ 18,429,152 $ 19,309,692 $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 $ 3,516,322 ($415,554) $0 - ----------------------------------------------------------------------------------------------------- 9. TOTAL CURRENT ASSETS $143,607,621 $ 21,954,475 $ 18,903,139 $0 - ----------------------------------------------------------------------------------------------------- 10. PROPERTY, PLANT & EQUIPMENT $ 2,455,211 $ 4,753,185 $ 4,753,185 $0 - ----------------------------------------------------------------------------------------------------- 11. LESS: ACCUMULATED DEPRECIATION / DEPLETION $ 3,103,505 $ 3,153,646 $0 - ----------------------------------------------------------------------------------------------------- 12. NET PROPERTY, PLANT & EQUIPMENT $ 2,455,211 $ 1,649,680 $ 1,599,539 $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 $ 23,604,155 $ 20,502,678 $0 - ----------------------------------------------------------------------------------------------------- POSTPETITION LIABILITIES - ----------------------------------------------------------------------------------------------------- 17. ACCOUNTS PAYABLE $ 260,122 $ 521,351 $0 - ----------------------------------------------------------------------------------------------------- 18. TAXES PAYABLE $ 238,328 $ 149,041 $0 - ----------------------------------------------------------------------------------------------------- 19. NOTES PAYABLE $ 0 $ 0 $0 - ----------------------------------------------------------------------------------------------------- 20. PROFESSIONAL FEES $ 0 $ 0 $0 - ----------------------------------------------------------------------------------------------------- 21. SECURED DEBT $ 0 $ 0 $0 - ----------------------------------------------------------------------------------------------------- 22. OTHER (ATTACH LIST) ($18,480,480) ($19,880,162) $0 - ----------------------------------------------------------------------------------------------------- 23. TOTAL POSTPETITION LIABILITIES ($17,982,030) ($19,209,770) $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 $ 5,058,160 $0 - ----------------------------------------------------------------------------------------------------- 27. OTHER (ATTACH LIST) $ 4,927,729 $ 4,927,729 $0 - ----------------------------------------------------------------------------------------------------- 28. TOTAL PREPETITION LIABILITIES $ 79,361,063 $ 9,985,889 $ 9,985,889 $0 - ----------------------------------------------------------------------------------------------------- 29. TOTAL LIABILITIES $ 79,361,063 ($7,996,141) ($9,223,881) $0 - ----------------------------------------------------------------------------------------------------- EQUITY - ----------------------------------------------------------------------------------------------------- 30. PREPETITION OWNERS' EQUITY $ 61,741,245 $ 61,741,245 $0 - ----------------------------------------------------------------------------------------------------- 31. POSTPETITION CUMULATIVE PROFIT OR (LOSS) ($30,140,949) ($32,014,686) $0 - ----------------------------------------------------------------------------------------------------- 32. DIRECT CHARGES TO EQUITY (ATTACH EXPLANATION) $ 0 $ 0 $0 - ----------------------------------------------------------------------------------------------------- 33. TOTAL EQUITY $ 0 $ 31,600,296 $ 29,726,559 $0 - ----------------------------------------------------------------------------------------------------- 34. TOTAL LIABILITIES & OWNERS' EQUITY $ 79,361,063 $ 23,604,155 $ 20,502,678 $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 JANUARY, 2002 FEBRUARY, 2002 MARCH, 2002 TOTAL - ------------------------------------------------------------------------------------------------------- 1. GROSS REVENUES $ 7,984,918 $ 7,597,923 $0 $ 15,582,841 - ------------------------------------------------------------------------------------------------------- 2. LESS: RETURNS & DISCOUNTS $ 0 $ 0 $0 $ 0 - ------------------------------------------------------------------------------------------------------- 3. NET REVENUE $ 7,984,918 $ 7,597,923 $0 $ 15,582,841 - ------------------------------------------------------------------------------------------------------- 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 $ 7,984,918 $ 7,597,923 $0 $ 15,582,841 - ------------------------------------------------------------------------------------------------------- OPERATING EXPENSES - ------------------------------------------------------------------------------------------------------- 9. OFFICER/INSIDER COMPENSATION $ 10,417 $ 10,417 $0 $ 20,834 - ------------------------------------------------------------------------------------------------------- 10. SELLING & MARKETING $ 544 $ 444 $0 $ 988 - ------------------------------------------------------------------------------------------------------- 11. GENERAL & ADMINISTRATIVE $ 1,448,011 $ 1,695,823 $0 $ 3,143,834 - ------------------------------------------------------------------------------------------------------- 12. RENT & LEASE $ 317,684 $ 302,183 $0 $ 619,867 - ------------------------------------------------------------------------------------------------------- 13. OTHER (ATTACH LIST) $ 8,847,358 $ 8,673,603 $0 $ 17,520,961 - ------------------------------------------------------------------------------------------------------- 14. TOTAL OPERATING EXPENSES $ 10,624,014 $ 10,682,470 $0 $ 21,306,484 - ------------------------------------------------------------------------------------------------------- 15. INCOME BEFORE NON-OPERATING INCOME & EXPENSE ($2,639,096) ($3,084,547) $0 ($5,723,643) - ------------------------------------------------------------------------------------------------------- OTHER INCOME & EXPENSES - ------------------------------------------------------------------------------------------------------- 16. NON-OPERATING INCOME (ATT. LIST) ($271) ($11,795) $0 ($12,066) - ------------------------------------------------------------------------------------------------------- 17. NON-OPERATING EXPENSE (ATT. LIST) $ 0 $ 0 $0 $ 0 - ------------------------------------------------------------------------------------------------------- 18. INTEREST EXPENSE $ 0 $ 0 $0 $ 0 - ------------------------------------------------------------------------------------------------------- 19. DEPRECIATION/DEPLETION $ 50,058 $ 50,141 $0 $ 100,199 - ------------------------------------------------------------------------------------------------------- 20. AMORTIZATION $ 0 $ 0 $0 $ 0 - ------------------------------------------------------------------------------------------------------- 21. OTHER (ATTACH LIST) $ 0 $ 0 $0 $ 0 - ------------------------------------------------------------------------------------------------------- 22. NET OTHER INCOME & EXPENSES $ 49,787 $ 38,346 $0 $ 88,133 - ------------------------------------------------------------------------------------------------------- REORGANIZATION EXPENSES - ------------------------------------------------------------------------------------------------------- 23. PROFESSIONAL FEES $ 0 $ 0 $0 $ 0 - ------------------------------------------------------------------------------------------------------- 24. U.S. TRUSTEE FEES $ 0 $ 0 $0 $ 0 - ------------------------------------------------------------------------------------------------------- 25. OTHER (ATTACH LIST) $ 0 $ 0 $0 $ 0 - ------------------------------------------------------------------------------------------------------- 26. TOTAL REORGANIZATION EXPENSES $ 0 $ 0 $0 $ 0 - ------------------------------------------------------------------------------------------------------- 27. INCOME TAX ($1,075,553) ($1,249,157) $0 ($2,324,710) - ------------------------------------------------------------------------------------------------------- 28. NET PROFIT (LOSS) ($1,613,330) ($1,873,736) $0 ($3,487,066) - ------------------------------------------------------------------------------------------------------- $ 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 JANUARY, 2002 FEBRUARY, 2002 MARCH, 2002 TOTAL - ---------------------------------------------------------------------------------------------------- 1. CASH - BEGINNING OF MONTH $ 9,129 $ 9,001 $9,001 $ 9,129 - ---------------------------------------------------------------------------------------------------- RECEIPTS FROM OPERATIONS - ---------------------------------------------------------------------------------------------------- 2. CASH SALES $ 0 $ 0 $ 0 $ 0 - ---------------------------------------------------------------------------------------------------- COLLECTION OF ACCOUNTS RECEIVABLE - ---------------------------------------------------------------------------------------------------- 3. PREPETITION $ 0 $ 0 $ 0 $ 0 - ---------------------------------------------------------------------------------------------------- 4. POSTPETITION $ 6,624,011 $ 5,334,877 $ 0 $ 11,958,888 - ---------------------------------------------------------------------------------------------------- 5. TOTAL OPERATING RECEIPTS $ 6,624,011 $ 5,334,877 $ 0 $ 11,958,888 - ---------------------------------------------------------------------------------------------------- NON - OPERATING RECEIPTS - ---------------------------------------------------------------------------------------------------- 6. LOANS & ADVANCES (ATTACH LIST) $ 0 $ 0 $ 0 $ 0 - ---------------------------------------------------------------------------------------------------- 7. SALE OF ASSETS $ 0 $ 0 $ 0 $ 0 - ---------------------------------------------------------------------------------------------------- 8. OTHER (ATTACH LIST) ($6,624,139) ($5,334,877) $ 0 ($11,959,016) - ---------------------------------------------------------------------------------------------------- 9. TOTAL NON-OPERATING RECEIPTS ($6,624,139) ($5,334,877) $ 0 ($11,959,016) - ---------------------------------------------------------------------------------------------------- 10. TOTAL RECEIPTS ($128) $ 0 $ 0 ($128) - ---------------------------------------------------------------------------------------------------- 11. TOTAL CASH AVAILABLE $ 9,001 $ 9,001 $9,001 $ 9,001 - ---------------------------------------------------------------------------------------------------- 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 ($128) $ 0 $ 0 ($128) - ---------------------------------------------------------------------------------------------------- 33. CASH - END OF MONTH $ 9,001 $ 9,001 $9,001 $ 9,001 - ----------------------------------------------------------------------------------------------------
================================================================================ - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- 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 JANUARY, 2002 FEBRUARY, 2002 MARCH, 2002 - ------------------------------------------------------------------------------------------------------ 1. 0-30 $21,518,319 $10,665,912 $11,776,711 $0 - ------------------------------------------------------------------------------------------------------ 2. 31-60 $14,127,296 $ 134,896 $ 160,736 $0 - ------------------------------------------------------------------------------------------------------ 3. 61-90 $ 2,070,404 $ 37,016 ($3,273) $0 - ------------------------------------------------------------------------------------------------------ 4. 91+ $ 3,598,876 $ 5,549,486 $ 5,505,023 $0 - ------------------------------------------------------------------------------------------------------ 5. TOTAL ACCOUNTS RECEIVABLE $41,314,895 $16,387,310 $17,439,197 $0 - ------------------------------------------------------------------------------------------------------ 6. AMOUNT CONSIDERED UNCOLLECTIBLE - ------------------------------------------------------------------------------------------------------ 7. ACCOUNTS RECEIVABLE (NET) $41,314,895 $16,387,310 $17,439,197 $0 - ------------------------------------------------------------------------------------------------------
MONTH: FEBRUARY, 2002 --------------------- - ------------------------------------------------------------------- AGING OF POSTPETITION TAXES AND PAYABLES - ------------------------------------------------------------------------------------------------------ 0-30 31-60 61-90 91+ TAXES PAYABLE DAYS DAYS DAYS DAYS TOTAL - ------------------------------------------------------------------------------------------------------ 1. FEDERAL $149,041 $149,041 - ------------------------------------------------------------------------------------------------------ 2. STATE $0 - ------------------------------------------------------------------------------------------------------ 3. LOCAL $0 - ------------------------------------------------------------------------------------------------------ 4. OTHER (ATTACH LIST) $0 - ------------------------------------------------------------------------------------------------------ 5. TOTAL TAXES PAYABLE $149,041 $ 0 $ 0 $ 0 $149,041 - ------------------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------------------ 6. ACCOUNTS PAYABLE $351,067 $5,285 $38,248 $126,751 $521,351 - ------------------------------------------------------------------------------------------------------ . $ 0
MONTH: FEBRUARY, 2002 -------------------------- - ---------------------------------------------------- STATUS OF POSTPETITION TAXES - -------------------------------------------------------------------------------------------------------- BEGINNING AMOUNT ENDING TAX WITHHELD AND/ AMOUNT TAX FEDERAL LIABILITY* 0R ACCRUED PAID LIABILITY - -------------------------------------------------------------------------------------------------------- 1. WITHHOLDING** $ 0 $ 0 - -------------------------------------------------------------------------------------------------------- 2. FICA-EMPLOYEE** $ 0 $ 0 - -------------------------------------------------------------------------------------------------------- 3. FICA-EMPLOYER** $ 0 $ 0 - -------------------------------------------------------------------------------------------------------- 4. UNEMPLOYMENT $ 0 $ 0 - -------------------------------------------------------------------------------------------------------- 5. INCOME $ 0 $ 0 - -------------------------------------------------------------------------------------------------------- 6. OTHER (ATTACH LIST) $238,328 $445,954 $535,241 $149,041 - -------------------------------------------------------------------------------------------------------- 7. TOTAL FEDERAL TAXES $238,328 $445,954 $535,241 $149,041 - -------------------------------------------------------------------------------------------------------- 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 $238,328 $445,954 $535,241 $149,041 - -------------------------------------------------------------------------------------------------------- $ 0
* The beginning tax liability should represent the liability from the prior month or, if this is the first operating report, the amount should be zero. ** Attach photocopies of IRS Form 6123 or your FTD coupon and payment receipt to verify payment or deposit. - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- Monthly Operating Report - ---------------------------------------- CASE NAME: KITTY HAWK 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: FEBRUARY, 2002 ----------------------
- ------------------------------------------- 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 $5,750 - --------------------------------------------------------------------------------------------------- - --------------------------------------------------------------------------------------------------- 13. TOTAL CASH - END OF MONTH $9,001 - ---------------------------------------------------------------------------------------------------
- -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- Monthly Operating Report - -------------------------------------- CASE NAME: KITTY HAWK CARGO, INC ACCRUAL BASIS-6 - -------------------------------------- - -------------------------------------- CASE NUMBER: 400-42145-BJH-11 2/13/95, 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. Toby Skaar Salary $10,417 $358,998 - ------------------------------------------------------- 2. - ------------------------------------------------------- 3. - ------------------------------------------------------- 4. - ------------------------------------------------------- 5. - ------------------------------------------------------- 6. TOTAL PAYMENTS TO INSIDERS $10,417 $358,998 - -------------------------------------------------------
- --------------------------------------------------------------------------------------- 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 $15,602 $337,550 - --------------------------------------------------------------------------------------- 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 $80,857 $337,550 - --------------------------------------------------------------------------------------- - ---------------------------------------------------------------------------------------
- -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- 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:FEBRUARY, 2002 -----------------------
- ---------------------------------------- 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: FEBRUARY, 2002 -------------------------------------
- --------------------------------------------------------------------------------------------------------- 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 - --------------------------------------------------------------------------------------------------------- - --------------------------------------------------------------------------------------------------------- 6 Leases FWA Building Rent Deferred By Agreement with National City Bank - --------------------------------------------------------------------------------------------------------- - --------------------------------------------------------------------------------------------------------- - ---------------------------------------------------------------------------------------------------------
CASE NAME: KITTY HAWK CARGO, INC CASE NUMBER: 400-42145-BJH-11 Details of Other Items FEBRUARY, 2002 ACCRUAL BASIS-1 8. OTHER (ATTACH LIST) $ (415,554) Reported ------------ Net of all I/C Accts Receivable/Payable (3,140,068) Intangibles - Other 154,458 Note Receivable - AFL 2,244,258 Pre-Paid Insurance -- Pre-Paid Misc 22,350 Deposits 303,448 ------------ (415,554) Detail ------------ -- Difference ------------ 22. OTHER (ATTACH LIST) $(19,880,162) Reported ------------ Accrued Liabilities 1,548,178 Accrued Salaries & PR Taxes -- Less: FET Taxes Payable (Line 18) (149,041) Post-petition Fed Inc Tax (21,279,299) ------------ *** FET recorded in Taxes Payable (19,880,162) Detail ------------ -- Difference ------------ 27. OTHER (ATTACH LIST) $ 4,927,729 Reported ------------ Pre-petition Fed Inc Tax 4,018,643 Pre-petition Deposits 479,840 Pre-petition Taxes Other -- Pre-petition Accrued Liabilities 429,246 ------------ 4,927,729 Detail ------------ -- Difference ------------ ACCRUAL BASIS-2 13. OTHER (ATTACH LIST) $ 8,673,603 Reported ------------ Aircraft Costs 378,578 I/C Aircraft Costs (KHA) 4,555,827 KHC Ground Handling (Operations Payroll) 729,979 Outstation Ground Handling 922,453 Trucking Costs 369,341 Fuel 1,656,291 Contract Labor -- Other 61,134 ------------ 8,673,603 Detail ------------ -- Difference 16 NON-OPERATING INCOME (ATTACH LIST) ($11,795) Reported ------------ Interest Income (11,795) Detail ------------ -- Difference ------------ 17 OTHER (ATTACH LIST) $0 Reported ------------ Gain/Loss on Sale of Assets -- Detail ------------ -- Difference ------------ ACCRUAL BASIS-3 8. OTHER (ATTACH LIST) (5,334,877) Reported ------------ Transfer to Inc - all money sweeps (5,334,877) Detail ------------ to KH Inc. Case #400-42141 -- Difference ------------ ACCRUAL BASIS-4 6. OTHER (ATTACH LIST) 149,041 Reported ------------ FET (720) 01/16-31/02 Pd 02/11 (276,227) FET (720) 02/01-15/02 Pd 02/19 259,014 FET (720) Refunds - Reconciling Items Fuel Cr 21,187 FET (720) Refunds - Reconciling Item Surf Air (49,986) FET (720) 02/16-28/02 195,053 -- ------------ 149,041 Detail ------------ 0 Difference ------------ EX-99.6 8 dex996.txt MONTHLY OPERATING REPORT FOR OK TURBINES, INC. Exhibit 99.6 - -------------------------------------------------------------------------------- Monthly Operating Report - -------------------------------------------- CASE NAME: OK Turbines, Inc. ACCRUAL BASIS - -------------------------------------------- - -------------------------------------------- CASE NUMBER: 400-42146-BJH-11 02/13/95, RWD, 2/96 - -------------------------------------------- - -------------------------------------------- JUDGE: Barbara J. Houser - -------------------------------------------- UNITED STATES BANKRUPTCY COURT NORTHERN DISTRICT OF TEXAS SIXTH DIVISION MONTHLY OPERATING REPORT MONTH ENDING: FEBRUARY 28, 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 3/20/2002 - ------------------------------------------- --------------------------------- PRINTED NAME OF RESPONSIBLE PARTY DATE PREPARER: /s/ Jessica L. Wilson Chief Accounting Officer - ------------------------------------------- --------------------------------- ORIGINAL SIGNATURE OF PREPARER TITLE Jessica L. Wilson 3/20/2002 - ------------------------------------------- --------------------------------- PRINTED NAME OF PREPARER DATE - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- Monthly Operating Report - -------------------------------------------- CASE NAME: OK Turbines, Inc. ACCRUAL BASIS-1 - -------------------------------------------- - -------------------------------------------- CASE NUMBER: 400-42146-BJH-11 02/13/95, RWD, 2/96 - --------------------------------------------
- ----------------------------------------------- COMPARATIVE BALANCE SHEET - ----------------------------------------------------------------------------------------- SCHEDULE MONTH MONTH MONTH -------------------------------------- ASSETS AMOUNT January 2002 February 2002 - ----------------------------------------------------------------------------------------- 1. UNRESTRICTED CASH $ 299,835 ($335) $ 0 $0 - ----------------------------------------------------------------------------------------- 2. RESTRICTED CASH $ 0 $ 0 $ 0 $0 - ----------------------------------------------------------------------------------------- 3. TOTAL CASH $ 299,835 ($335) $ 0 $0 - ----------------------------------------------------------------------------------------- 4. ACCOUNTS RECEIVABLE (NET) $ 569,077 $ 365,354 $ 320,231 $0 - ----------------------------------------------------------------------------------------- 5. INVENTORY $4,135,448 $ 0 $ 0 $0 - ----------------------------------------------------------------------------------------- 6. NOTES RECEIVABLE $ 0 $ 0 $ 0 $0 - ----------------------------------------------------------------------------------------- 7. PREPAID EXPENSES $ 0 $ 0 $ 0 $0 - ----------------------------------------------------------------------------------------- 8. OTHER (ATTACH LIST) $ 30,000 $ 2,515,515 $ 2,557,402 $0 - ----------------------------------------------------------------------------------------- 9. TOTAL CURRENT ASSETS $5,034,360 $ 2,880,534 $ 2,877,633 $0 - ----------------------------------------------------------------------------------------- 10. PROPERTY, PLANT & EQUIPMENT $ 474,012 $ 0 $ 0 $0 - ----------------------------------------------------------------------------------------- 11. LESS: ACCUMULATED DEPRECIATION / DEPLETION $ 0 $ 0 $ 0 $0 - ----------------------------------------------------------------------------------------- 12. NET PROPERTY, PLANT & EQUIPMENT $ 474,012 $ 0 $ 0 $0 - ----------------------------------------------------------------------------------------- 13. DUE FROM INSIDERS $ 0 $ 0 $ 0 $0 - ----------------------------------------------------------------------------------------- 14. OTHER ASSETS - NET OF AMORTIZATION (ATTACH LIST) $ 0 $ 0 $ 0 $0 - ----------------------------------------------------------------------------------------- 15. OTHER (ATTACH LIST) $ 0 $ 0 $ 0 $0 - ----------------------------------------------------------------------------------------- 16. TOTAL ASSETS $5,508,372 $ 2,880,534 $ 2,877,633 $0 - ----------------------------------------------------------------------------------------- POSTPETITION LIABILITIES - --------------------------------------------------------------------------------------- 17. ACCOUNTS PAYABLE $ 5,953 $ 0 $0 - ----------------------------------------------------------------------------------------- 18. TAXES PAYABLE $ 0 $ 0 $0 - ----------------------------------------------------------------------------------------- 19. NOTES PAYABLE $ 0 $ 0 $0 - ----------------------------------------------------------------------------------------- 20. PROFESSIONAL FEES $ 0 $ 0 $0 - ----------------------------------------------------------------------------------------- 21. SECURED DEBT $ 0 $ 0 $0 - ----------------------------------------------------------------------------------------- 22. OTHER (ATTACH LIST) $ 0 $ 3,052 $0 - ----------------------------------------------------------------------------------------- 23. TOTAL POSTPETITION LIABILITIES $ 5,953 $ 3,052 $0 - ----------------------------------------------------------------------------------------- PREPETITION LIABILITIES - --------------------------------------------------------------------------------------- 24. SECURED DEBT $ 0 $ 0 $ 0 $0 - ----------------------------------------------------------------------------------------- 25. PRIORITY DEBT $ 28,268 $ 0 $ 0 $0 - ----------------------------------------------------------------------------------------- 26. UNSECURED DEBT $ 493,554 $ 522,197 $ 522,197 $0 - ----------------------------------------------------------------------------------------- 27. OTHER (ATTACH LIST) $ 0 $ 0 $0 $0 - ----------------------------------------------------------------------------------------- 28. TOTAL PREPETITION LIABILITIES $ 521,822 $ 522,197 $ 522,197 $0 - ----------------------------------------------------------------------------------------- 29. TOTAL LIABILITIES $ 521,822 $ 528,150 $ 525,249 $0 - ----------------------------------------------------------------------------------------- EQUITY - --------------------------------------------------------------------------------------- 30. PREPETITION OWNERS' EQUITY $ 3,790,619 $ 3,790,619 $0 - ----------------------------------------------------------------------------------------- 31. POSTPETITION CUMULATIVE PROFIT OR (LOSS) ($1,438,235) ($1,438,235) $0 - ----------------------------------------------------------------------------------------- 32. DIRECT CHARGES TO EQUITY (ATTACH EXPLANATION) - ----------------------------------------------------------------------------------------- 33. TOTAL EQUITY $ 0 $ 2,352,384 $ 2,352,384 $0 - ----------------------------------------------------------------------------------------- 34. TOTAL LIABILITIES & OWNERS' EQUITY $ 521,822 $ 2,880,534 $ 2,877,633 $0 - -----------------------------------------------------------------------------------------
- -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- Monthly Operating Report - -------------------------------------------- CASE NAME: OK Turbines, Inc. ACCRUAL BASIS-2 - -------------------------------------------- - -------------------------------------------- CASE NUMBER: 400-42146-BJH-11 02/13/95, RWD, 2/96 - --------------------------------------------
- ------------------------------------- INCOME STATEMENT - --------------------------------------------------------------------------------------------- MONTH MONTH MONTH QUARTER - -------------------------------------------------------------------------------- REVENUES January 2002 February 2002 TOTAL - --------------------------------------------------------------------------------------------- 1. GROSS REVENUES ($1,203) ($2,132) $0 ($3,335) - --------------------------------------------------------------------------------------------- 2. LESS: RETURNS & DISCOUNTS $ 0 $ 0 $0 $ 0 - --------------------------------------------------------------------------------------------- 3. NET REVENUE ($1,203) ($2,132) $0 ($3,335) - --------------------------------------------------------------------------------------------- COST OF GOODS SOLD - --------------------------------------------------------------------------------------------- 4. MATERIAL ($7,675) $ 0 $0 ($7,675) - --------------------------------------------------------------------------------------------- 5. DIRECT LABOR $ 0 $ 0 $0 $ 0 - --------------------------------------------------------------------------------------------- 6. DIRECT OVERHEAD $ 0 $ 0 $0 $ 0 - --------------------------------------------------------------------------------------------- 7. TOTAL COST OF GOODS SOLD ($7,675) $ 0 $0 ($7,675) - --------------------------------------------------------------------------------------------- 8. GROSS PROFIT $ 6,472 ($2,132) $0 $ 4,340 - --------------------------------------------------------------------------------------------- OPERATING EXPENSES - --------------------------------------------------------------------------------------------- 9. OFFICER / INSIDER COMPENSATION $ 0 $ 0 $0 $ 0 - --------------------------------------------------------------------------------------------- 10. SELLING & MARKETING $ 0 $ 0 $0 $ 0 - --------------------------------------------------------------------------------------------- 11. GENERAL & ADMINISTRATIVE $ 0 $ 0 $0 $ 0 - --------------------------------------------------------------------------------------------- 12. RENT & LEASE $ 0 $ 0 $0 $ 0 - --------------------------------------------------------------------------------------------- 13. OTHER (ATTACH LIST) $ 6,472 ($2,132) $0 $ 4,340 - --------------------------------------------------------------------------------------------- 14. TOTAL OPERATING EXPENSES $ 6,472 ($2,132) $0 $ 4,340 - --------------------------------------------------------------------------------------------- 15. INCOME BEFORE NON-OPERATING INCOME & EXPENSE $ 0 $ 0 $0 $ 0 - --------------------------------------------------------------------------------------------- OTHER INCOME & EXPENSES - --------------------------------------------------------------------------------------------- 16. NON-OPERATING INCOME (ATT. LIST) $ 0 $ 0 $0 $ 0 - --------------------------------------------------------------------------------------------- 17. NON-OPERATING EXPENSE (ATT. LIST) $ 0 $ 0 $0 $ 0 - --------------------------------------------------------------------------------------------- 18. INTEREST EXPENSE $ 0 $ 0 $0 $ 0 - --------------------------------------------------------------------------------------------- 19. DEPRECIATION / DEPLETION $ 0 $ 0 $0 $ 0 - --------------------------------------------------------------------------------------------- 20. AMORTIZATION $ 0 $ 0 $0 $ 0 - --------------------------------------------------------------------------------------------- 21. OTHER (ATTACH LIST) $ 0 $ 0 $0 $ 0 - --------------------------------------------------------------------------------------------- 22. NET OTHER INCOME & EXPENSES $ 0 $ 0 $0 $ 0 - --------------------------------------------------------------------------------------------- REORGANIZATION EXPENSES - --------------------------------------------------------------------------------------------- 23. PROFESSIONAL FEES $ 0 $ 0 $0 $ 0 - --------------------------------------------------------------------------------------------- 24. U.S. TRUSTEE FEES $ 0 $ 0 $0 $ 0 - --------------------------------------------------------------------------------------------- 25. OTHER (ATTACH LIST) $ 0 $ 0 $0 $ 0 - --------------------------------------------------------------------------------------------- 26. TOTAL REORGANIZATION EXPENSES $ 0 $ 0 $0 $ 0 - --------------------------------------------------------------------------------------------- 27. INCOME TAX $ 0 $ 0 $0 $ 0 - --------------------------------------------------------------------------------------------- 28. NET PROFIT (LOSS) $ 0 $ 0 $0 $ 0 - ---------------------------------------------------------------------------------------------
- -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- Monthly Operating Report - ------------------------------------------- CASE NAME: OK Turbines, Inc. ACCRUAL BASIS-3 - ------------------------------------------- - ------------------------------------------- CASE NUMBER: 400-42146-BJH-11 02/13/95, RWD, 2/96 - -------------------------------------------
- ------------------------------------------------------------------------------------------ CASH RECEIPTS AND MONTH MONTH MONTH QUARTER -------------------------------------- DISBURSEMENTS January 2002 February 2002 TOTAL - ------------------------------------------------------------------------------------------ 1. CASH - BEGINNING OF MONTH $ 11,207 ($335) $0 $ 11,207 - ------------------------------------------------------------------------------------------ RECEIPTS FROM OPERATIONS - ------------------------------------------------------------------------------------------ 2. CASH SALES $ 0 $ 0 $0 $ 0 - ------------------------------------------------------------------------------------------ COLLECTION OF ACCOUNTS RECEIVABLE - ------------------------------------------------------------------------------------------ 3. PREPETITION $ 0 $ 0 $0 $ 0 - ------------------------------------------------------------------------------------------ 4. POSTPETITION $ 76,407 $ 38,754 $0 $ 115,161 - ------------------------------------------------------------------------------------------ 5. TOTAL OPERATING REC EIPTS $ 76,407 $ 38,754 $0 $ 115,161 - ------------------------------------------------------------------------------------------ NON - OPERATING RECEIPTS - ------------------------------------------------------------------------------------------ 6. LOANS & ADVANCES (ATTACH LIST) $ 0 $ 0 $0 $ 0 - ------------------------------------------------------------------------------------------ 7. SALE OF ASSETS $ 0 $ 0 $0 $ 0 - ------------------------------------------------------------------------------------------ 8. OTHER (ATTACH LIST) ($87,949) ($38,347) $0 ($126,296) - ------------------------------------------------------------------------------------------ 9. TOTAL NON-OPERATING RECEIPTS ($87,949) ($38,347) $0 ($126,296) - ------------------------------------------------------------------------------------------ 10. TOTAL RECEIPTS ($11,542) $ 407 $0 ($11,135) - ------------------------------------------------------------------------------------------ 11. TOTAL CASH AVAILABLE ($335) $ 72 $0 $ 72 - ------------------------------------------------------------------------------------------ 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 $ 72 $0 $ 72 - ------------------------------------------------------------------------------------------ 26. TOTAL OPERATING DISBURSEMENTS $ 0 $ 72 $0 $ 72 - ------------------------------------------------------------------------------------------ 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 $ 72 $0 $ 72 - ------------------------------------------------------------------------------------------ 32. NET CASH FLOW ($11,542) $ 335 $0 ($11,207) - ------------------------------------------------------------------------------------------ 33. CASH - END OF MONTH ($335) $ 0 $0 $ 0 - ------------------------------------------------------------------------------------------
================================================================================ - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- Monthly Operating Report - ------------------------------------------- CASE NAME: OK Turbines, Inc. ACCRUAL BASIS-4 - ------------------------------------------- - ------------------------------------------- CASE NUMBER: 400-42146-BJH-11 02/13/95, RWD, 2/96 - -------------------------------------------
- ----------------------------------------------------------------------------------------- SCHEDULE MONTH MONTH MONTH -------------------------------------- ACCOUNTS RECEIVABLE AGING AMOUNT January 2002 February 2002 - ----------------------------------------------------------------------------------------- 1. 0-30 $ 0 ($472) $-- - ----------------------------------------------------------------------------------------- 2. 31-60 $ 29,199 $ 0 $ 0 - ----------------------------------------------------------------------------------------- 3. 61-90 $ 52,500 $ 20,007 $ 0 - ----------------------------------------------------------------------------------------- 4. 91+ $283,655 $300,696 $ 0 - ----------------------------------------------------------------------------------------- 5. TOTAL ACCOUNTS RECEIVABLE $0 $365,354 $320,231 $ 0 - ----------------------------------------------------------------------------------------- 6. AMOUNT CONSIDERED UNCOLLECTIBLE $ 0 $ 0 $ 0 - ----------------------------------------------------------------------------------------- 7. ACCOUNTS RECEIVABLE (NET) $0 $365,354 $320,231 $ 0 - -----------------------------------------------------------------------------------------
- ---------------------------------------- AGING OF POSTPETITION TAXES AND PAYABLES MONTH: February 2002 ----------------- - -------------------------------------------------------------------- 0-30 31-60 61-90 91+ TAXES PAYABLE DAYS DAYS DAYS DAYS TOTAL - -------------------------------------------------------------------- 1. FEDERAL $0 $0 $0 $0 $0 - -------------------------------------------------------------------- 2. STATE $0 $0 $0 $0 $0 - -------------------------------------------------------------------- 3. LOCAL $0 $0 $0 $0 $0 - -------------------------------------------------------------------- 4. OTHER (ATTACH LIST) $0 $0 $0 $0 $0 - -------------------------------------------------------------------- 5. TOTAL TAXES PAYABLE $0 $0 $0 $0 $0 - -------------------------------------------------------------------- - -------------------------------------------------------------------- 6. ACCOUNTS PAYABLE $0 $0 $0 $0 $0 - -------------------------------------------------------------------- - ---------------------------- STATUS OF POSTPETITION TAXES MONTH: February 2002 --------------------------- - ------------------------------------------------------------------------------ BEGINNING AMOUNT ENDING TAX WITHHELD AND/ AMOUNT TAX FEDERAL LIABILITY* OR ACCRUED PAID LIABILITY - ------------------------------------------------------------------------------ 1. WITHHOLDING** $0 $0 $0 $0 - ------------------------------------------------------------------------------ 2. FICA-EMPLOYEE** $0 $0 $0 $0 - ------------------------------------------------------------------------------ 3. FICA-EMPLOYER** $0 $0 $0 $0 - ------------------------------------------------------------------------------ 4. UNEMPLOYMENT $0 $0 $0 $0 - ------------------------------------------------------------------------------ 5. INCOME $0 $0 $0 $0 - ------------------------------------------------------------------------------ 6. OTHER (ATTACH LIST) $0 $0 $0 $0 - ------------------------------------------------------------------------------ 7. TOTAL FEDERAL TAXES $0 $0 $0 $0 - ------------------------------------------------------------------------------ STATE AND LOCAL - ------------------------------------------------------------------------------ 8. WITHHOLDING $0 $0 $0 $0 - ------------------------------------------------------------------------------ 9. SALES $0 $0 $0 $0 - ------------------------------------------------------------------------------ 10. EXCISE $0 $0 $0 $0 - ------------------------------------------------------------------------------ 11. UNEMPLOYMENT $0 $0 $0 $0 - ------------------------------------------------------------------------------ 12. REAL PROPERTY $0 $0 $0 $0 - ------------------------------------------------------------------------------ 13. PERSONAL PROPERTY $0 $0 $0 $0 - ------------------------------------------------------------------------------ 14. OTHER (ATTACH LIST) $0 $0 $0 $0 - ------------------------------------------------------------------------------ 15. TOTAL STATE & LOCAL $0 $0 $0 $0 - ------------------------------------------------------------------------------ 16. TOTAL TAXES $0 $0 $0 $0 - ------------------------------------------------------------------------------ * The beginning tax liability should represent the liability from the prior month or, if this is the first operating report, the amount should be zero. ** Attach photocopies of IRS Form 6123 or your FTD coupon and payment receipt to verify payment or deposit. - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- Monthly Operating Report - ------------------------------------------- CASE NAME: OK Turbines, Inc. ACCRUAL BASIS-5 - ------------------------------------------- - ------------------------------------------- CASE NUMBER: 400-42146-BJH-11 02/13/95, RWD, 2/96 - ------------------------------------------- The debtor in possession must complete the reconciliation below for each bank account, including all general, payroll and tax accounts, as well as all savings and investment accounts, money market accounts, certificates of deposit, government obligations, etc. Accounts with restricted funds should be identified by placing an asterisk next to the account number. Attach additional sheets if necessary. MONTH: February 2002 --------------
- ------------------------------------ BANK RECONCILIATIONS Account #1 Account #2 Account #3 - ---------------------------------------------------------------------------------------------- A. BANK: Bank of America Bank One - ---------------------------------------------------------------------------------------- B. ACCOUNT NUMBER: 15819-20089 1589845815 TOTAL - ---------------------------------------------------------------------------------------- C. PURPOSE (TYPE): Operating Deposit - ---------------------------------------------------------------------------------------------- 1. BALANCE PER BANK STATEMENT $0 $0 $0 - ---------------------------------------------------------------------------------------------- 2. ADD: TOTAL DEPOSITS NOT CREDITED $0 $0 $0 - ---------------------------------------------------------------------------------------------- 3. SUBTRACT: OUTSTANDING CHECKS $0 $0 $0 - ---------------------------------------------------------------------------------------------- 4. OTHER RECONCILING ITEMS $0 $0 $0 - ---------------------------------------------------------------------------------------------- 5. MONTH END BALANCE PER BOOKS $0 $0 $0 - ---------------------------------------------------------------------------------------------- 6. NUMBER OF LAST CHECK WRITTEN Account closed N/A - ----------------------------------------------------------------------------------------------
- ----------------------------- INVESTMENT ACCOUNTS - ------------------------------------------------------------------------------ DATE OF TYPE OF PURCHASE CURRENT BANK, ACCOUNT NAME & NUMBER PURCHASE INSTRUMENT PRICE VALUE - ------------------------------------------------------------------------------ 7. N/A - ------------------------------------------------------------------------------ 8. N/A - ------------------------------------------------------------------------------ 9. N/A - ------------------------------------------------------------------------------ 10. N/A - ------------------------------------------------------------------------------ 11. TOTAL INVESTMENTS $0 $0 - ------------------------------------------------------------------------------ - ----------------------------- CASH - ------------------------------------------------------------------------------ 12. CURRENCY ON HAND $0 - ------------------------------------------------------------------------------ - ------------------------------------------------------------------------------ 13. TOTAL CASH - END OF MONTH $0 - ------------------------------------------------------------------------------ - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- Monthly Operating Report - ---------------------------------------- CASE NAME: OK Turbines, Inc. ACCRUAL BASIS-6 - ---------------------------------------- - ---------------------------------------- CASE NUMBER: 400-42146-BJH-11 02/13/95, RWD, 2/96 - ---------------------------------------- MONTH: February 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. GREGG NIMMO Reimbursment $0 $ 34,674 - ------------------------------------------------------------ 2. GREGG NIMMO Salary $0 $120,979 - ------------------------------------------------------------ 3. - ------------------------------------------------------------ 4. - ------------------------------------------------------------ 5. - ------------------------------------------------------------ 6. TOTAL PAYMENTS TO INSIDERS $0 $155,653 - ------------------------------------------------------------
- ------------------------------------------------------------------------------------------ PROFESSIONALS - ------------------------------------------------------------------------------------------ DATE OF COURT TOTAL ORDER AUTHORIZING AMOUNT AMOUNT TOTAL PAID INCURRED NAME PAYMENT APPROVED PAID TO DATE & UNPAID* - ------------------------------------------------------------------------------------------ 1. N/A - ------------------------------------------------------------------------------------------ 2. N/A - ------------------------------------------------------------------------------------------ 3. N/A - ------------------------------------------------------------------------------------------ 4. N/A - ------------------------------------------------------------------------------------------ 5. N/A - ------------------------------------------------------------------------------------------ 6. TOTAL PAYMENTS TO PROFESSIONALS $0 $0 $0 $0 - ------------------------------------------------------------------------------------------
* INCLUDE ALL FEES INCURRED, BOTH APPROVED AND UNAPPROVED - -------------------------------------------------------------------------------- POSTPETITION STATUS OF SECURED NOTES, LEASES PAYABLE AND ADEQUATE PROTECTION PAYMENTS - -------------------------------------------------------------------------------- - -------------------------------------------------------- SCHEDULED AMOUNTS MONTHLY PAID TOTAL PAYMENTS DURING UNPAID NAME OF CREDITOR DUE MONTH POSTPETITION - -------------------------------------------------------- 1. N/A - -------------------------------------------------------- 2. N/A - -------------------------------------------------------- 3. N/A - -------------------------------------------------------- 4. N/A - -------------------------------------------------------- 5. N/A - -------------------------------------------------------- 6. TOTAL $0 $0 $0 - -------------------------------------------------------- - -------------------------------------------------------------------------------- - ------------------------------------------- Monthly Operating Report - ------------------------------------------- CASE NAME: OK Turbines, Inc. ACCRUAL BASIS-7 - ------------------------------------------- - ------------------------------------------- CASE NUMBER: 400-42146-BJH-11 02/13/95, RWD, 2/96 - ------------------------------------------- MONTH: February, 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. - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- - ------------------------------- INSURANCE - ------------------------------------------------------------------------------- YES NO - ------------------------------------------------------------------------------- 1. ARE WORKER'S COMPENSATION, GENERAL LIABILITY AND OTHER NECESSARY INSURANCE COVERAGES IN EFFECT? X - ------------------------------------------------------------------------------- 2. ARE ALL PREMIUM PAYMENTS PAID CURRENT? X - ------------------------------------------------------------------------------- 3. PLEASE ITEMIZE POLICIES BELOW. - ------------------------------------------------------------------------------- IF THE ANSWER TO ANY OF THE ABOVE QUESTIONS IS "NO," OR IF ANY POLICIES HAVE BEEN CANCELLED OR NOT RENEWED DURING THIS REPORTING PERIOD, PROVIDE AN EXPLANATION BELOW. ATTACH ADDITIONAL SHEETS IF NECESSARY. - ----------------------------------------------------------------------------- - ----------------------------------------------------------------------------- - ----------------------------------------------------------------------------- INSTALLMENT PAYMENTS - ----------------------------------------------------------------------------- TYPE OF PAYMENT AMOUNT POLICY CARRIER PERIOD COVERED & FREQUENCY - ----------------------------------------------------------------------------- SEE KITTY HAWK, INC. CASE #400-42141 - ----------------------------------------------------------------------------- - ----------------------------------------------------------------------------- - ----------------------------------------------------------------------------- - ----------------------------------------------------------------------------- - ----------------------------------------------------------------------------- - ----------------------------------------------------------------------------- - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- - -------------------------------------------- CASE NAME: OK Turbines, Inc. FOOTNOTES SUPPLEMENT - -------------------------------------------- - -------------------------------------------- CASE NUMBER: 400-42146-BJH-11 ACCRUAL BASIS - -------------------------------------------- MONTH: February 2002 -----------------------
ACCRUAL BASIS LINE FOOTNOTE / EXPLANATION FORM NUMBER NUMBER - ----------------------------------------------------------------------------------------- - ----------------------------------------------------------------------------------------- 3 12 All payroll is paid out of Kitty Hawk Charters, Inc. (Case #400- - ----------------------------------------------------------------------------------------- 13 42142) and allocated to the Company. Related payroll - ----------------------------------------------------------------------------------------- taxes are disbursed out of and reported at KH Charters. - ----------------------------------------------------------------------------------------- - ----------------------------------------------------------------------------------------- 6 All Professional fees related to the Reorganization of the - ----------------------------------------------------------------------------------------- Company are disbursed out of Kitty Hawk, Inc. (Parent - ----------------------------------------------------------------------------------------- Company). Refer to Case # 400-42141 - ----------------------------------------------------------------------------------------- - ----------------------------------------------------------------------------------------- 7 All insurance plans related to the Company are carried - ----------------------------------------------------------------------------------------- at Kitty Hawk, Inc. (Parent Company). Refer to Case # - ----------------------------------------------------------------------------------------- 400-42141. - ----------------------------------------------------------------------------------------- - ----------------------------------------------------------------------------------------- General All inventory and fixed assets were sold on 12/19/01. - ----------------------------------------------------------------------------------------- Operations have ceased. - ----------------------------------------------------------------------------------------- - ----------------------------------------------------------------------------------------- - ----------------------------------------------------------------------------------------- - ----------------------------------------------------------------------------------------- - ----------------------------------------------------------------------------------------- - ----------------------------------------------------------------------------------------- - ----------------------------------------------------------------------------------------- - ----------------------------------------------------------------------------------------- - -----------------------------------------------------------------------------------------
- -------------------------------------------------------------------------------- CASE NAME: OK Turbines, Inc. CASE NUMBER: 400-42146-BJH-11 Details of Other Items ACCRUAL BASIS-1 February 2002 8. OTHER (ATTACH LIST) $ 2,557,402 Reported ----------- Intercompany Receivables 2,557,402 Misc -- Security Deposit -- ----------- 2,557,402 Detail ----------- -- Difference 22. OTHER (ATTACH LIST) 3,052 Reported ----------- Accrued A/P 3,052 ----------- 3,052 Detail -- Difference ACCRUAL BASIS-2 13 OTHER (ATTACH LIST) $ (2,132) Reported ----------- Shut down expenses (2,132) ----------- (2,132) Detail ----------- -- Difference ACCRUAL BASIS-3 8. OTHER (ATTACH LIST) $ (38,347) Reported ----------- Transfer to KH Inc (38,347) ----------- (38,347) Detail ----------- -- Difference 25. OTHER (ATTACH LIST) 72 Reported ----------- Service Charge 72 ----------- 72 Detail ----------- -- Difference EX-99.7 9 dex997.txt MONTHLY OPERATING REPORT FOR LONGHORN SOLUTIONS Exhibit 99.7 - -------------------------------------------------------------------------------- Monthly Operating Report - -------------------------------------- CASE NAME: Longhorn Solutions, Inc. ACCRUAL BASIS - -------------------------------------- - -------------------------------------- CASE NUMBER: 400-42147-BJH-11 02/13/95, RWD, 2/96 - -------------------------------------- - -------------------------------------- JUDGE: Barbara J. Houser - -------------------------------------- UNITED STATES BANKRUPTCY COURT NORTHERN DISTRICT OF TEXAS SIXTH DIVISION MONTHLY OPERATING REPORT MONTH ENDING: FEBRUARY 28, 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 3/20/2002 - ------------------------------------------- --------------------------------- PRINTED NAME OF RESPONSIBLE PARTY DATE PREPARER: /s/ Jessica L. Wilson Chief Accounting Officer - ------------------------------------------- --------------------------------- ORIGINAL SIGNATURE OF PREPARER TITLE Jessica L. Wilson 3/20/2002 - ------------------------------------------- --------------------------------- PRINTED NAME OF PREPARER DATE - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- Monthly Operating Report - -------------------------------------- CASE NAME: Longhorn Solutions, Inc. ACCRUAL BASIS-1 - -------------------------------------- - -------------------------------------- CASE NUMBER: 400-42147-BJH-11 02/13/95, RWD, 2/96 - --------------------------------------
- ----------------------------------------------- COMPARATIVE BALANCE SHEET - -------------------------------------------------------------------------------------- SCHEDULE MONTH MONTH MONTH ------------------------------------ ASSETS AMOUNT January 2002 February 2002 - -------------------------------------------------------------------------------------- 1. UNRESTRICTED CASH $ 3,646 $ 0 $ 0 $0 - -------------------------------------------------------------------------------------- 2. RESTRICTED CASH $ 0 $ 0 $0 - -------------------------------------------------------------------------------------- 3. TOTAL CASH $ 3,646 $ 0 $ 0 $0 - -------------------------------------------------------------------------------------- 4. ACCOUNTS RECEIVABLE (NET) $ 76,002 $ 3,601 $ 3,601 $0 - -------------------------------------------------------------------------------------- 5. INVENTORY $ 0 $ 0 $0 - -------------------------------------------------------------------------------------- 6. NOTES RECEIVABLE $ 0 $ 0 $0 - -------------------------------------------------------------------------------------- 7. PREPAID EXPENSES $ 0 $ 0 $0 - -------------------------------------------------------------------------------------- 8. OTHER (ATTACH LIST) $ 375,137 $ 805,440 $ 804,454 $0 - -------------------------------------------------------------------------------------- 9. TOTAL CURRENT ASSETS $ 454,785 $ 809,041 $ 808,055 $0 - -------------------------------------------------------------------------------------- 10. PROPERTY, PLANT & EQUIPMENT $ 120,412 $ 0 $ 0 $0 - -------------------------------------------------------------------------------------- 11. LESS: ACCUMULATED DEPRECIATION / DEPLETION $ 0 $ 0 $0 - -------------------------------------------------------------------------------------- 12. NET PROPERTY, PLANT & EQUIPMENT $ 120,412 $ 0 $ 0 $0 - -------------------------------------------------------------------------------------- 13. DUE FROM INSIDERS $ 0 $ 0 $0 - -------------------------------------------------------------------------------------- 14. OTHER ASSETS - NET OF AMORTIZATION (ATTACH LIST) $2,892,844 $2,723,098 $2,723,098 $0 - -------------------------------------------------------------------------------------- 15. OTHER (ATTACH LIST) $ 0 $ 0 $0 - -------------------------------------------------------------------------------------- 16. TOTAL ASSETS $3,468,041 $3,532,139 $3,531,153 $0 - -------------------------------------------------------------------------------------- POSTPETITION LIABILITIES - -------------------------------------------------------------------------------------- 17. ACCOUNTS PAYABLE $ 0 $ 0 $0 - -------------------------------------------------------------------------------------- 18. TAXES PAYABLE $ 0 $ 0 $0 - -------------------------------------------------------------------------------------- 19. NOTES PAYABLE $ 0 $ 0 $0 - -------------------------------------------------------------------------------------- 20. PROFESSIONAL FEES $ 0 $ 0 $0 - -------------------------------------------------------------------------------------- 21. SECURED DEBT $ 0 $ 0 $0 - -------------------------------------------------------------------------------------- 22. OTHER (ATTACH LIST) $ 0 $ 0 $0 - -------------------------------------------------------------------------------------- 23. TOTAL POSTPETITION LIABILITIES $ 0 $ 0 $0 - -------------------------------------------------------------------------------------- PREPETITION LIABILITIES - -------------------------------------------------------------------------------------- 24. SECURED DEBT $ 0 $ 0 $0 - -------------------------------------------------------------------------------------- 25. PRIORITY DEBT $ 73,455 $ 0 $ 0 $0 - -------------------------------------------------------------------------------------- 26. UNSECURED DEBT $ 68,502 $ 62,509 $ 62,509 $0 - -------------------------------------------------------------------------------------- 27. OTHER (ATTACH LIST) $1,225,717 $1,225,717 $0 - -------------------------------------------------------------------------------------- 28. TOTAL PREPETITION LIABILITIES $ 141,957 $1,288,226 $1,288,226 $0 - -------------------------------------------------------------------------------------- 29. TOTAL LIABILITIES $ 141,957 $1,288,226 $1,288,226 $0 - -------------------------------------------------------------------------------------- EQUITY - -------------------------------------------------------------------------------------- 30. PREPETITION OWNERS' EQUITY $2,194,261 $2,194,261 $0 - -------------------------------------------------------------------------------------- 31. POSTPETITION CUMULATIVE PROFIT OR (LOSS) $ 49,652 $ 48,666 $0 - -------------------------------------------------------------------------------------- 32. DIRECT CHARGES TO EQUITY (ATTACH EXPLANATION) - -------------------------------------------------------------------------------------- 33. TOTAL EQUITY $ 0 $2,243,913 $2,242,927 $0 - -------------------------------------------------------------------------------------- 34. TOTAL LIABILITIES & OWNERS' EQUITY $ 141,957 $3,532,139 $3,531,153 $0 - --------------------------------------------------------------------------------------
- -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- Monthly Operating Report - -------------------------------------- CASE NAME: Longhorn Solutions, Inc. ACCRUAL BASIS-2 - -------------------------------------- - -------------------------------------- CASE NUMBER: 400-42147-BJH-11 02/13/95, RWD, 2/96 - --------------------------------------
- ---------------------------------------- INCOME STATEMENT - --------------------------------------------------------------------------------------- MONTH MONTH MONTH QUARTER ------------------------------------ REVENUES January 2002 February 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 $ 0 $ 0 $0 $ 0 - --------------------------------------------------------------------------------------- 10. SELLING & MARKETING $ 0 $ 0 $0 $ 0 - --------------------------------------------------------------------------------------- 11. GENERAL & ADMINISTRATIVE $ 0 $ 0 $0 $ 0 - --------------------------------------------------------------------------------------- 12. RENT & LEASE $ 986 $ 986 $0 $ 1,972 - --------------------------------------------------------------------------------------- 13. OTHER (ATTACH LIST) $ 0 $ 0 $0 $ 0 - --------------------------------------------------------------------------------------- 14. TOTAL OPERATING EXPENSES $ 986 $ 986 $0 $ 1,972 - --------------------------------------------------------------------------------------- 15. INCOME BEFORE NON-OPERATING INCOME & EXPENSE ($986) ($986) $0 ($1,972) - ---------------------------------------------------------------------------------------- OTHER INCOME & EXPENSES - --------------------------------------------------------------------------------------- 16. NON-OPERATING INCOME (ATT. LIST) $ 0 $ 0 $0 $ 0 - --------------------------------------------------------------------------------------- 17. NON-OPERATING EXPENSE (ATT. LIST) $ 0 $ 0 $0 $ 0 - --------------------------------------------------------------------------------------- 18. INTEREST EXPENSE $ 0 $ 0 $0 $ 0 - --------------------------------------------------------------------------------------- 19. DEPRECIATION / DEPLETION $ 0 $ 0 $0 $ 0 - --------------------------------------------------------------------------------------- 20. AMORTIZATION $ 0 $ 0 $0 $ 0 - --------------------------------------------------------------------------------------- 21. OTHER (ATTACH LIST) $ 0 $ 0 $0 $ 0 - --------------------------------------------------------------------------------------- 22. NET OTHER INCOME & EXPENSES $ 0 $ 0 $0 $ 0 - --------------------------------------------------------------------------------------- REORGANIZATION EXPENSES - --------------------------------------------------------------------------------------- 23. PROFESSIONAL FEES $ 0 $ 0 $0 $ 0 - --------------------------------------------------------------------------------------- 24. U.S. TRUSTEE FEES $ 0 $ 0 $0 $ 0 - --------------------------------------------------------------------------------------- 25. OTHER (ATTACH LIST) $ 0 $ 0 $0 $ 0 - --------------------------------------------------------------------------------------- 26. TOTAL REORGANIZATION EXPENSES $ 0 $ 0 $0 $ 0 - --------------------------------------------------------------------------------------- 27. INCOME TAX $ 0 $ 0 $0 $ 0 - --------------------------------------------------------------------------------------- 28. NET PROFIT (LOSS) ($986) ($986) $0 ($1,972) - ---------------------------------------------------------------------------------------
- -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- Monthly Operating Report - -------------------------------------- CASE NAME: Longhorn Solutions, Inc. ACCRUAL BASIS-3 - -------------------------------------- - -------------------------------------- CASE NUMBER: 400-42147-BJH-11 02/13/95, RWD, 2/96 - --------------------------------------
- ----------------------------------------------------------------------------------- CASH RECEIPTS AND MONTH MONTH MONTH QUARTER ------------------------------------ DISBURSEMENTS January 2002 February 2002 TOTAL - ----------------------------------------------------------------------------------- 1. CASH - BEGINNING OF MONTH $0 $0 $0 $0 - ----------------------------------------------------------------------------------- RECEIPTS FROM OPERATIONS - ----------------------------------------------------------------------------------- 2. CASH SALES $0 $0 $0 $0 - ----------------------------------------------------------------------------------- COLLECTION OF ACCOUNTS RECEIVABLE - ----------------------------------------------------------------------------------- 3. PREPETITION $0 $0 $0 $0 - ----------------------------------------------------------------------------------- 4. POSTPETITION $0 $0 $0 $0 - ----------------------------------------------------------------------------------- 5. TOTAL OPERATING RECEIPTS $0 $0 $0 $0 - ----------------------------------------------------------------------------------- NON - OPERATING RECEIPTS - ----------------------------------------------------------------------------------- 6. LOANS & ADVANCES (ATTACH LIST) $0 $0 $0 $0 - ----------------------------------------------------------------------------------- 7. SALE OF ASSETS $0 $0 $0 $0 - ----------------------------------------------------------------------------------- 8. OTHER (ATTACH LIST) $0 $0 $0 $0 - ----------------------------------------------------------------------------------- 9. TOTAL NON-OPERATING RECEIPTS $0 $0 $0 $0 - ----------------------------------------------------------------------------------- 10. TOTAL RECEIPTS $0 $0 $0 $0 - ----------------------------------------------------------------------------------- 11. TOTAL CASH AVAILABLE $0 $0 $0 $0 - ----------------------------------------------------------------------------------- OPERATING DISBURSEMENTS - ----------------------------------------------------------------------------------- 12. NET PAYROLL $0 $0 $0 $0 - ----------------------------------------------------------------------------------- 13. PAYROLL TAXES PAID $0 $0 $0 $0 - ----------------------------------------------------------------------------------- 14. SALES, USE & OTHER TAXES PAID $0 $0 $0 $0 - ----------------------------------------------------------------------------------- 15. SECURED / RENTAL / LEASES $0 $0 $0 $0 - ----------------------------------------------------------------------------------- 16. UTILITIES $0 $0 $0 $0 - ----------------------------------------------------------------------------------- 17. INSURANCE $0 $0 $0 $0 - ----------------------------------------------------------------------------------- 18. INVENTORY PURCHASES $0 $0 $0 $0 - ----------------------------------------------------------------------------------- 19. VEHICLE EXPENSES $0 $0 $0 $0 - ----------------------------------------------------------------------------------- 20. TRAVEL $0 $0 $0 $0 - ----------------------------------------------------------------------------------- 21. ENTERTAINMENT $0 $0 $0 $0 - ----------------------------------------------------------------------------------- 22. REPAIRS & MAINTENANCE $0 $0 $0 $0 - ----------------------------------------------------------------------------------- 23. SUPPLIES $0 $0 $0 $0 - ----------------------------------------------------------------------------------- 24. ADVERTISING $0 $0 $0 $0 - ----------------------------------------------------------------------------------- 25. OTHER (ATTACH LIST) $0 $0 $0 $0 - ----------------------------------------------------------------------------------- 26. TOTAL OPERATING DISBURSEMENTS $0 $0 $0 $0 - ----------------------------------------------------------------------------------- REORGANIZATION EXPENSES - ----------------------------------------------------------------------------------- 27. PROFESSIONAL FEES $0 $0 $0 $0 - ----------------------------------------------------------------------------------- 28. U.S. TRUSTEE FEES $0 $0 $0 $0 - ----------------------------------------------------------------------------------- 29. OTHER (ATTACH LIST) $0 $0 $0 $0 - ----------------------------------------------------------------------------------- 30. TOTAL REORGANIZATION EXPENSES $0 $0 $0 $0 - ----------------------------------------------------------------------------------- 31. TOTAL DISBURSEMENTS $0 $0 $0 $0 - ----------------------------------------------------------------------------------- 32. NET CASH FLOW $0 $0 $0 $0 - ----------------------------------------------------------------------------------- 33. CASH - END OF MONTH $0 $0 $0 $0 - -----------------------------------------------------------------------------------
================================================================================ - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- Monthly Operating Report - -------------------------------------- CASE NAME: Longhorn Solutions, Inc. ACCRUAL BASIS-4 - -------------------------------------- - -------------------------------------- CASE NUMBER: 400-42147-BJH-11 02/13/95, RWD, 2/96 - --------------------------------------
- --------------------------------------------------------------------------------------- SCHEDULE MONTH MONTH MONTH ------------------------------------ ACCOUNTS RECEIVABLE AGING AMOUNT January 2002 February 2002 - --------------------------------------------------------------------------------------- 1. 0-30 $ 0 $ 0 $0 - --------------------------------------------------------------------------------------- 2. 31-60 $ 0 $ 0 $0 - --------------------------------------------------------------------------------------- 3. 61-90 $ 0 $ 0 $0 - --------------------------------------------------------------------------------------- 4. 91+ $5,182 $5,182 $0 - --------------------------------------------------------------------------------------- 5. TOTAL ACCOUNTS RECEIVABLE $0 $5,182 $5,182 $0 - --------------------------------------------------------------------------------------- 6. AMOUNT CONSIDERED UNCOLLECTIBLE $1,581 $1,581 $0 - --------------------------------------------------------------------------------------- 7. ACCOUNTS RECEIVABLE (NET) $0 $3,601 $3,601 $0 - ---------------------------------------------------------------------------------------
MONTH: February 2002 --------------------- - --------------------------------------------- AGING OF POSTPETITION TAXES AND PAYABLES - ------------------------------------------------------------- 0-30 31-60 61-90 91+ TAXES PAYABLE DAYS DAYS DAYS DAYS TOTAL - ------------------------------------------------------------- 1. FEDERAL $0 $0 $0 $0 $0 - ------------------------------------------------------------- 2. STATE $0 $0 $0 $0 $0 - ------------------------------------------------------------- 3. LOCAL $0 $0 $0 $0 $0 - ------------------------------------------------------------- 4. OTHER (ATTACH LIST) $0 $0 $0 $0 $0 - ------------------------------------------------------------- 5. TOTAL TAXES PAYABLE $0 $0 $0 $0 $0 - ------------------------------------------------------------- - ------------------------------------------------------------- 6. ACCOUNTS PAYABLE $0 $0 $0 $0 $0 - ------------------------------------------------------------- MONTH: February 2002 -------------------- - ---------------------------- STATUS OF POSTPETITION TAXES - ------------------------------------------------------------------------- BEGINNING AMOUNT ENDING TAX WITHHELD AND/ AMOUNT TAX FEDERAL LIABILITY* 0R ACCRUED PAID LIABILITY - ------------------------------------------------------------------------- 1. WITHHOLDING** $0 $0 $0 $0 - ------------------------------------------------------------------------- 2. FICA-EMPLOYEE** $0 $0 $0 $0 - ------------------------------------------------------------------------- 3. FICA-EMPLOYER** $0 $0 $0 $0 - ------------------------------------------------------------------------- 4. UNEMPLOYMENT $0 $0 $0 $0 - ------------------------------------------------------------------------- 5. INCOME $0 $0 $0 $0 - ------------------------------------------------------------------------- 6. OTHER (ATTACH LIST) $0 $0 $0 $0 - ------------------------------------------------------------------------- 7. TOTAL FEDERAL TAXES $0 $0 $0 $0 - ------------------------------------------------------------------------- STATE AND LOCAL - ------------------------------------------------------------------------- 8. WITHHOLDING $0 $0 $0 $0 - ------------------------------------------------------------------------- 9. SALES $0 $0 $0 $0 - ------------------------------------------------------------------------- 10. EXCISE $0 $0 $0 $0 - ------------------------------------------------------------------------- 11. UNEMPLOYMENT $0 $0 $0 $0 - ------------------------------------------------------------------------- 12. REAL PROPERTY $0 $0 $0 $0 - ------------------------------------------------------------------------- 13. PERSONAL PROPERTY $0 $0 $0 $0 - ------------------------------------------------------------------------- 14. OTHER (ATTACH LIST) $0 $0 $0 $0 - ------------------------------------------------------------------------- 15. TOTAL STATE & LOCAL $0 $0 $0 $0 - ------------------------------------------------------------------------- 16. TOTAL TAXES $0 $0 $0 $0 - ------------------------------------------------------------------------- * The beginning tax liability should represent the liability from the prior month or, if this is the first operating report, the amount should be zero. ** Attach photocopies of IRS Form 6123 or your FTD coupon and payment receipt to verify payment or deposit. - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- Monthly Operating Report - -------------------------------------- CASE NAME: Longhorn Solutions, Inc. ACCRUAL BASIS-5 - -------------------------------------- - -------------------------------------- CASE NUMBER: 400-42147-BJH-11 02/13/95, RWD, 2/96 - -------------------------------------- The debtor in possession must complete the reconciliation below for each bank account, including all general, payroll and tax accounts, as well as all savings and investment accounts, money market accounts, certificates of deposit, government obligations, etc. Accounts with restricted funds should be identified by placing an asterisk next to the account number. Attach additional sheets if necessary.
MONTH: February 2002 --------------------------- - ---------------------------------------- BANK RECONCILIATIONS Account #1 Account #2 Account #3 - ---------------------------------------------------------------------------------------------------------------- A. BANK: Bank One Mid-Cities - -------------------------------------------------------------------------------------------------------- B. ACCOUNT NUMBER: 1586267807 4235800 TOTAL - -------------------------------------------------------------------------------------------------------- C. PURPOSE (TYPE): Operating-Closed 11/00 Operating - Closed 5/00 - ---------------------------------------------------------------------------------------------------------------- 1. BALANCE PER BANK STATEMENT $0 $0 $0 - ---------------------------------------------------------------------------------------------------------------- 2. ADD: TOTAL DEPOSITS NOT CREDITED $0 $0 $0 - ---------------------------------------------------------------------------------------------------------------- 3. SUBTRACT: OUTSTANDING CHECKS $0 $0 $0 - ---------------------------------------------------------------------------------------------------------------- 4. OTHER RECONCILING ITEMS $0 $0 $0 - ---------------------------------------------------------------------------------------------------------------- 5. MONTH END BALANCE PER BOOKS $0 $0 $0 $0 - ---------------------------------------------------------------------------------------------------------------- 6. NUMBER OF LAST CHECK WRITTEN account closed account closed - ----------------------------------------------------------------------------------------------------------------
- ------------------------------ INVESTMENT ACCOUNTS - ------------------------------------------------------------------------ DATE OF TYPE OF PURCHASE CURRENT BANK, ACCOUNT NAME & NUMBER PURCHASE INSTRUMENT PRICE VALUE - ------------------------------------------------------------------------ 7. N/A - ------------------------------------------------------------------------ 8. N/A - ------------------------------------------------------------------------ 9. N/A - ------------------------------------------------------------------------ 10. N/A - ------------------------------------------------------------------------ 11. TOTAL INVESTMENTS $0 $0 - ------------------------------------------------------------------------ - ------------------------------ CASH - ------------------------------------------------------------------------ 12. CURRENCY ON HAND $0 - ------------------------------------------------------------------------ - ------------------------------------------------------------------------ 13. TOTAL CASH - END OF MONTH $0 - ------------------------------------------------------------------------ - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- Monthly Operating Report - -------------------------------------- CASE NAME: Longhorn Solutions, Inc. ACCRUAL BASIS-6 - -------------------------------------- - -------------------------------------- CASE NUMBER: 400-42147-BJH-11 02/13/95, RWD, 2/96 - -------------------------------------- MONTH: February 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. Mary Phillips Salary $0 $68,750 - -------------------------------------------------- 2. - -------------------------------------------------- 3. - -------------------------------------------------- 4. - -------------------------------------------------- 5. - -------------------------------------------------- 6. TOTAL PAYMENTS TO INSIDERS $0 $68,750 - --------------------------------------------------
- --------------------------------------------------------------------------------------- PROFESSIONALS - --------------------------------------------------------------------------------------- DATE OF COURT TOTAL ORDER AUTHORIZING AMOUNT AMOUNT TOTAL PAID INCURRED NAME PAYMENT APPROVED PAID TO DATE & UNPAID * - --------------------------------------------------------------------------------------- 1. N/A - --------------------------------------------------------------------------------------- 2. N/A - --------------------------------------------------------------------------------------- 3. N/A - --------------------------------------------------------------------------------------- 4. N/A - --------------------------------------------------------------------------------------- 5. N/A - --------------------------------------------------------------------------------------- 6. TOTAL PAYMENTS TO PROFESSIONALS $0 $0 $0 $0 - ---------------------------------------------------------------------------------------
* INCLUDE ALL FEES INCURRED, BOTH APPROVED AND UNAPPROVED - ------------------------------------------------------------------------- POSTPETITION STATUS OF SECURED NOTES, LEASES PAYABLE AND ADEQUATE PROTECTION PAYMENTS - ------------------------------------------------------------------------- - ---------------------------------------------------------- SCHEDULED AMOUNTS MONTHLY PAID TOTAL PAYMENTS DURING UNPAID NAME OF CREDITOR DUE MONTH POSTPETITION - ---------------------------------------------------------- 1. N/A - ---------------------------------------------------------- 2. N/A - ---------------------------------------------------------- 3. N/A - ---------------------------------------------------------- 4. N/A - ---------------------------------------------------------- 5. N/A - ---------------------------------------------------------- 6. TOTAL $0 $0 $0 - ---------------------------------------------------------- - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- Monthly Operating Report - -------------------------------------- CASE NAME: Longhorn Solutions, Inc. ACCRUAL BASIS-7 - -------------------------------------- - -------------------------------------- CASE NUMBER: 400-42147-BJH-11 02/13/95, RWD, 2/96 - -------------------------------------- MONTH: February 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. - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- - -------------------------- INSURANCE - -------------------------------------------------------------------------------- YES NO - -------------------------------------------------------------------------------- 1. ARE WORKER'S COMPENSATION, GENERAL LIABILITY AND OTHER NECESSARY INSURANCE COVERAGES IN EFFECT? X - -------------------------------------------------------------------------------- 2. ARE ALL PREMIUM PAYMENTS PAID CURRENT? X - -------------------------------------------------------------------------------- 3. PLEASE ITEMIZE POLICIES BELOW. - -------------------------------------------------------------------------------- IF THE ANSWER TO ANY OF THE ABOVE QUESTIONS IS "NO," OR IF ANY POLICIES HAVE BEEN CANCELLED OR NOT RENEWED DURING THIS REPORTING PERIOD, PROVIDE AN EXPLANATION BELOW. ATTACH ADDITIONAL SHEETS IF NECESSARY. - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- INSTALLMENT PAYMENTS - -------------------------------------------------------------------------------- TYPE OF PAYMENT AMOUNT POLICY CARRIER PERIOD COVERED & FREQUENCY - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- See Kitty Hawk, Inc. Case #400-42141 - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- - -------------------------------------- CASE NAME: Longhorn Solutions, Inc. FOOTNOTES SUPPLEMENT - -------------------------------------- - -------------------------------------- CASE NUMBER: 400-42147-BJH-11 ACCRUAL BASIS - -------------------------------------- MONTH: February 2002 ----------------
- ------------------------------------------------------------------------------------------ ACCRUAL BASIS LINE FORM NUMBER NUMBER FOOTNOTE / EXPLANATION - ------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------ 6 All Professional fees related to the Reorganization of the - ------------------------------------------------------------------------------------------ Company are disbursed out of Kitty Hawk, Inc. (Parent - ------------------------------------------------------------------------------------------ Company). Refer to Case # 400-42141 - ------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------ 7 All other insurance plans related to the Company are carried - ------------------------------------------------------------------------------------------ at Kitty Hawk, Inc. (Parent Company). Refer to Case # - ------------------------------------------------------------------------------------------ 400-42141. - ------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------ General Operations of this entity ceased October 12, 2000. Costs incurred - ------------------------------------------------------------------------------------------ are final closing relating items. - ------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------
- -------------------------------------------------------------------------------- CASE NAME: Longhorn Solutions, Inc. CASE NUMBER: 400-42147-BJH-11 Details of Other Items ACCRUAL BASIS-1 February 2002 8. OTHER (ATTACH LIST) $ 804,454 Reported --------- Intercompany Receivables 764,789 Deferred Taxes 36,717 Security Deposit 2,948 --------- 804,454 Detail --------- -- Difference 14. OTHER ASSETS - NET OF AMORTIZATION (ATTACH LIST) $2,723,098 Reported --------- Software knowledge 3,397,988 Accum Amortization (674,890) --------- 2,723,098 Detail --------- -- Difference 27. OTHER (ATTACH LIST) $ 1,225,717 Reported --------- Accrued income taxes (71,204) Deferred income tax expense 1,296,921 --------- 1,225,717 Detail --------- -- Difference EX-99.8 10 dex998.txt MONTHLY OPERATING REPORT FOR AIRCRAFT LEASING, INC Exhibit 99.8 - -------------------------------------------------------------------------------- Monthly Operating Report - -------------------------------------------- CASE NAME: AIRCRAFT LEASING, INC. ACCRUAL BASIS - -------------------------------------------- - -------------------------------------------- CASE NUMBER: 400-42148-BJH-11 02/13/95, RWD, 2/96 - -------------------------------------------- - -------------------------------------------- JUDGE: BARBARA J. HOUSER - -------------------------------------------- UNITED STATES BANKRUPTCY COURT NORTHERN DISTRICT OF TEXAS SIXTH DIVISION MONTHLY OPERATING REPORT MONTH ENDING: FEBRUARY 28, 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 3/20/2002 - ------------------------------------------- --------------------------------- PRINTED NAME OF RESPONSIBLE PARTY DATE PREPARER: /s/ Kevin K. Craig CONTROLLER, KITTY HAWK INC. - ------------------------------------------- --------------------------------- ORIGINAL SIGNATURE OF PREPARER TITLE KEVIN K. CRAIG 3/20/2002 - ------------------------------------------- --------------------------------- PRINTED NAME OF PREPARER DATE - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- Monthly Operating Report - -------------------------------------------- CASE NAME: AIRCRAFT LEASING, INC. ACCRUAL BASIS-1 - -------------------------------------------- - -------------------------------------------- CASE NUMBER: 400-42148-BJH-11 02/13/95, RWD, 2/96 - --------------------------------------------
- ------------------------------------------------------- COMPARATIVE BALANCE SHEET - --------------------------------------------------------------------------------------------------------- MONTH MONTH MONTH SCHEDULE ---------------------------------------------- ASSETS AMOUNT JANUARY, 2002 FEBRUARY, 2002 MARCH, 2002 - --------------------------------------------------------------------------------------------------------- 1. UNRESTRICTED CASH $ 0 $ 0 $ 0 $0 - --------------------------------------------------------------------------------------------------------- 2. RESTRICTED CASH $ 0 $ 49,960 $ 9,941 $0 - --------------------------------------------------------------------------------------------------------- 3. TOTAL CASH $ 0 $ 49,960 $ 9,941 $0 - --------------------------------------------------------------------------------------------------------- 4. ACCOUNTS RECEIVABLE (NET) $ 0 $ 0 $ 0 $0 - --------------------------------------------------------------------------------------------------------- 5. INVENTORY $ 0 $ 0 $ 0 $0 - --------------------------------------------------------------------------------------------------------- 6. NOTES RECEIVABLE $ 0 $ 0 $ 0 $0 - --------------------------------------------------------------------------------------------------------- 7. PREPAID EXPENSES $ 0 $ 0 $ 0 $0 - --------------------------------------------------------------------------------------------------------- 8. OTHER (ATTACH LIST) ($33,904,344) $ 126,628 $ 166,804 $0 - --------------------------------------------------------------------------------------------------------- 9. TOTAL CURRENT ASSETS ($33,904,344) $ 176,588 $ 176,745 $0 - --------------------------------------------------------------------------------------------------------- 10. PROPERTY, PLANT & EQUIPMENT $ 81,907,719 $ 1,185,175 $ 1,185,175 $0 - --------------------------------------------------------------------------------------------------------- 11. LESS: ACCUMULATED DEPRECIATION / DEPLETION $ 33,669,772 $ 523,013 $ 523,013 $0 - --------------------------------------------------------------------------------------------------------- 12. NET PROPERTY, PLANT & EQUIPMENT $ 48,237,946 $ 662,162 $ 662,162 $0 - --------------------------------------------------------------------------------------------------------- 13. DUE FROM INSIDERS $ 0 $ 0 $ 0 $0 - --------------------------------------------------------------------------------------------------------- 14. OTHER ASSETS - NET OF AMORTIZATION (ATTACH LIST) $ 0 $ 0 $ 0 $0 - --------------------------------------------------------------------------------------------------------- 15. OTHER (ATTACH LIST) $ 0 $ 0 $ 0 $0 - --------------------------------------------------------------------------------------------------------- 16. TOTAL ASSETS $ 14,333,602 $ 838,750 $ 838,907 $0 - --------------------------------------------------------------------------------------------------------- POSTPETITION LIABILITIES - --------------------------------------------------------------------------------------------------------- 17. ACCOUNTS PAYABLE $ 0 $ 0 $0 - --------------------------------------------------------------------------------------------------------- 18. TAXES PAYABLE $ 0 $ 0 $0 - --------------------------------------------------------------------------------------------------------- 19. NOTES PAYABLE $ 0 $ 0 $0 - --------------------------------------------------------------------------------------------------------- 20. PROFESSIONAL FEES $ 0 $ 0 $0 - --------------------------------------------------------------------------------------------------------- 21. SECURED DEBT $ 0 $ 0 $0 - --------------------------------------------------------------------------------------------------------- 22. OTHER (ATTACH LIST) ($5,739,981) ($5,739,918) $0 - --------------------------------------------------------------------------------------------------------- 23. TOTAL POSTPETITION LIABILITIES ($5,739,981) ($5,739,918) $0 - --------------------------------------------------------------------------------------------------------- PREPETITION LIABILITIES - --------------------------------------------------------------------------------------------------------- 24. SECURED DEBT $ 2,811,382 $ 0 $ 0 $0 - --------------------------------------------------------------------------------------------------------- 25. PRIORITY DEBT $ 0 $ 0 $ 0 $0 - --------------------------------------------------------------------------------------------------------- 26. UNSECURED DEBT $ 0 $ 0 $ 0 $0 - --------------------------------------------------------------------------------------------------------- 27. OTHER (ATTACH LIST) $ 1,300,001 $ 2,399,516 $ 2,399,516 $0 - --------------------------------------------------------------------------------------------------------- 28. TOTAL PREPETITION LIABILITIES $ 4,111,383 $ 2,399,516 $ 2,399,516 $0 - --------------------------------------------------------------------------------------------------------- 29. TOTAL LIABILITIES $ 4,111,383 ($3,340,465) ($3,340,402) $0 - --------------------------------------------------------------------------------------------------------- EQUITY - --------------------------------------------------------------------------------------------------------- 30. PREPETITION OWNERS' EQUITY $ 0 $ 12,789,185 $ 12,789,185 $0 - --------------------------------------------------------------------------------------------------------- 31. POSTPETITION CUMULATIVE PROFIT OR (LOSS) ($8,609,970) ($8,609,876) $0 - --------------------------------------------------------------------------------------------------------- 32. DIRECT CHARGES TO EQUITY (ATTACH EXPLANATION) $ 0 - --------------------------------------------------------------------------------------------------------- 33. TOTAL EQUITY $ 0 $ 4,179,215 $ 4,179,309 $0 - --------------------------------------------------------------------------------------------------------- 34. TOTAL LIABILITIES & OWNERS' EQUITY $ 4,111,383 $ 838,750 $ 838,907 $0 - --------------------------------------------------------------------------------------------------------- $ 0 $ 0 $0
- -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- Monthly Operating Report - -------------------------------------------- CASE NAME: AIRCRAFT LEASING, INC. ACCRUAL BASIS-2 - -------------------------------------------- - -------------------------------------------- CASE NUMBER: 400-42148-BJH-11 02/13/95, RWD, 2/96 - --------------------------------------------
- ----------------------------------------- INCOME STATEMENT - -------------------------------------------------------------------------------------------------------- MONTH MONTH MONTH ----------------------------------------------- QUARTER REVENUES JANUARY, 2002 FEBRUARY, 2002 MARCH, 2002 TOTAL - -------------------------------------------------------------------------------------------------------- 1. GROSS REVENUES $0 $ 0 $ 0 - -------------------------------------------------------------------------------------------------------- 2. LESS: RETURNS & DISCOUNTS $0 $ 0 $ 0 - -------------------------------------------------------------------------------------------------------- 3. NET REVENUE $0 $ 0 $0 $ 0 - -------------------------------------------------------------------------------------------------------- COST OF GOODS SOLD - -------------------------------------------------------------------------------------------------------- 4. MATERIAL $0 $ 0 $ 0 - -------------------------------------------------------------------------------------------------------- 5. DIRECT LABOR $0 $ 0 $ 0 - ---------------------- ---------------------------------------------------------------------------------- 6. DIRECT OVERHEAD $0 $ 0 $ 0 - -------------------------------------------------------------------------------------------------------- 7. TOTAL COST OF GOODS SOLD $0 $ 0 $0 $ 0 - -------------------------------------------------------------------------------------------------------- 8. GROSS PROFIT $0 $ 0 $0 $ 0 - -------------------------------------------------------------------------------------------------------- OPERATING EXPENSES - -------------------------------------------------------------------------------------------------------- 9. OFFICER / INSIDER COMPENSATION $0 $ 0 $ 0 - -------------------------------------------------------------------------------------------------------- 10. SELLING & MARKETING $0 $ 0 $ 0 - -------------------------------------------------------------------------------------------------------- 11. GENERAL & ADMINISTRATIVE $0 $ 0 $ 0 - -------------------------------------------------------------------------------------------------------- 12. RENT & LEASE $0 $ 0 $ 0 - -------------------------------------------------------------------------------------------------------- 13. OTHER (ATTACH LIST) $0 $ 0 $ 0 - -------------------------------------------------------------------------------------------------------- 14. TOTAL OPERATING EXPENSES $0 $ 0 $0 $ 0 - -------------------------------------------------------------------------------------------------------- 15. INCOME BEFORE NON-OPERATING INCOME & EXPENSE $0 $ 0 $0 $ 0 - -------------------------------------------------------------------------------------------------------- OTHER INCOME & EXPENSES - -------------------------------------------------------------------------------------------------------- 16. NON-OPERATING INCOME (ATT. LIST) $0 ($157) ($157) - -------------------------------------------------------------------------------------------------------- 17. NON-OPERATING EXPENSE (ATT. LIST) $0 $ 0 $ 0 - -------------------------------------------------------------------------------------------------------- 18. INTEREST EXPENSE $0 $ 0 $ 0 - -------------------------------------------------------------------------------------------------------- 19. DEPRECIATION / DEPLETION $0 $ 0 $ 0 - -------------------------------------------------------------------------------------------------------- 20. AMORTIZATION $0 $ 0 $ 0 - -------------------------------------------------------------------------------------------------------- 21. OTHER (ATTACH LIST) $0 $ 0 $ 0 - -------------------------------------------------------------------------------------------------------- 22. NET OTHER INCOME & EXPENSES $0 ($157) $0 ($157) - -------------------------------------------------------------------------------------------------------- REORGANIZATION EXPENSES - -------------------------------------------------------------------------------------------------------- 23. PROFESSIONAL FEES $0 $ 0 $ 0 - -------------------------------------------------------------------------------------------------------- 24. U.S. TRUSTEE FEES $0 $ 0 $ 0 - -------------------------------------------------------------------------------------------------------- 25. OTHER (ATTACH LIST) $0 $ 0 $ 0 - -------------------------------------------------------------------------------------------------------- 26. TOTAL REORGANIZATION EXPENSES $0 $ 0 $0 $ 0 - -------------------------------------------------------------------------------------------------------- 27. INCOME TAX $0 $ 63 $ 63 - -------------------------------------------------------------------------------------------------------- 28. NET PROFIT (LOSS) $0 $ 94 $0 $ 94 - -------------------------------------------------------------------------------------------------------- $0 $ 0 $0
- -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- Monthly Operating Report - -------------------------------------------- CASE NAME: AIRCRAFT LEASING, INC. ACCRUAL BASIS-3 - -------------------------------------------- - -------------------------------------------- CASE NUMBER: 400-42148-BJH-11 02/13/95, RWD, 2/96 - --------------------------------------------
- ---------------------------------------------------------------------------------------------------------- CASH RECEIPTS AND MONTH MONTH MONTH QUARTER ----------------------------------------------- DISBURSEMENTS JANUARY, 2002 FEBRUARY, 2002 MARCH, 2002 TOTAL - ---------------------------------------------------------------------------------------------------------- 1. CASH - BEGINNING OF MONTH $49,960 $ 49,960 $9,941 $ 49,960 - ---------------------------------------------------------------------------------------------------------- RECEIPTS FROM OPERATIONS - ---------------------------------------------------------------------------------------------------------- 2. CASH SALES $ 0 $ 0 $ 0 $ 0 - ---------------------------------------------------------------------------------------------------------- COLLECTION OF ACCOUNTS RECEIVABLE - ---------------------------------------------------------------------------------------------------------- 3. PREPETITION $ 0 $ 0 $ 0 $ 0 - ---------------------------------------------------------------------------------------------------------- 4. POSTPETITION $ 0 $ 0 $ 0 $ 0 - ---------------------------------------------------------------------------------------------------------- 5. TOTAL OPERATING RECEIPTS $ 0 $ 0 $ 0 $ 0 - ---------------------------------------------------------------------------------------------------------- NON - OPERATING RECEIPTS - ---------------------------------------------------------------------------------------------------------- 6. LOANS & ADVANCES (ATTACH LIST) $ 0 $ 0 $ 0 $ 0 - ---------------------------------------------------------------------------------------------------------- 7. SALE OF ASSETS $ 0 $ 0 $ 0 $ 0 - ---------------------------------------------------------------------------------------------------------- 8. OTHER (ATTACH LIST) $ 0 $ 250,157 $ 0 $ 250,157 - ---------------------------------------------------------------------------------------------------------- 9. TOTAL NON-OPERATING RECEIPTS $ 0 $ 250,157 $ 0 $ 250,157 - ---------------------------------------------------------------------------------------------------------- 10. TOTAL RECEIPTS $ 0 $ 250,157 $ 0 $ 250,157 - ---------------------------------------------------------------------------------------------------------- 11. TOTAL CASH AVAILABLE $49,960 $ 300,117 $9,941 $ 300,117 - ---------------------------------------------------------------------------------------------------------- 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 $ 290,176 $ 0 $ 290,176 - ---------------------------------------------------------------------------------------------------------- 28. U.S. TRUSTEE FEES $ 0 $ 0 $ 0 $ 0 - ---------------------------------------------------------------------------------------------------------- 29. OTHER (ATTACH LIST) $ 0 $ 0 $ 0 $ 0 - ---------------------------------------------------------------------------------------------------------- 30. TOTAL REORGANIZATION EXPENSES $ 0 $ 290,176 $ 0 $ 290,176 - ---------------------------------------------------------------------------------------------------------- 31. TOTAL DISBURSEMENTS $ 0 $ 290,176 $ 0 $ 290,176 - ---------------------------------------------------------------------------------------------------------- 32. NET CASH FLOW $ 0 ($40,019) $ 0 ($40,019) - ---------------------------------------------------------------------------------------------------------- 33. CASH - END OF MONTH $49,960 $ 9,941 $9,941 $ 9,941 - ----------------------------------------------------------------------------------------------------------
================================================================================ - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- Monthly Operating Report - -------------------------------------------- CASE NAME: AIRCRAFT LEASING, INC. ACCRUAL BASIS-4 - -------------------------------------------- - -------------------------------------------- CASE NUMBER: 400-42148-BJH-11 02/13/95, RWD, 2/96 - --------------------------------------------
- ----------------------------------------------------------------------------------------------------------------- MONTH MONTH MONTH SCHEDULE --------------------------------------------------- ACCOUNTS RECEIVABLE AGING AMOUNT JANUARY, 2002 FEBRUARY, 2002 MARCH, 2002 - ----------------------------------------------------------------------------------------------------------------- 1. 0-30 $0 $0 $0 $0 - ----------------------------------------------------------------------------------------------------------------- 2. 31-60 $0 $0 $0 $0 - ----------------------------------------------------------------------------------------------------------------- 3. 61-90 $0 $0 $0 $0 - ----------------------------------------------------------------------------------------------------------------- 4. 91+ $0 $0 $0 $0 - ----------------------------------------------------------------------------------------------------------------- 5. TOTAL ACCOUNTS RECEIVABLE $0 $0 $0 $0 - ----------------------------------------------------------------------------------------------------------------- 6. AMOUNT CONSIDERED UNCOLLECTIBLE $0 $0 $0 $0 - ----------------------------------------------------------------------------------------------------------------- 7. ACCOUNTS RECEIVABLE (NET) $0 $0 $0 $0 - -----------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------ AGING OF POSTPETITION TAXES AND PAYABLES MONTH: FEBRUARY 2002 ------------------------------------- - --------------------------------------------------------------------------------------------------------------------- 0-30 31-60 61-90 91+ TAXES PAYABLE DAYS DAYS DAYS DAYS TOTAL - --------------------------------------------------------------------------------------------------------------------- 1. FEDERAL $0 $0 $0 $0 $0 - --------------------------------------------------------------------------------------------------------------------- 2. STATE $0 $0 $0 $0 $0 - --------------------------------------------------------------------------------------------------------------------- 3. LOCAL $0 $0 $0 $0 $0 - --------------------------------------------------------------------------------------------------------------------- 4. OTHER (ATTACH LIST) $0 $0 $0 $0 $0 - --------------------------------------------------------------------------------------------------------------------- 5. TOTAL TAXES PAYABLE $0 $0 $0 $0 $0 - --------------------------------------------------------------------------------------------------------------------- - --------------------------------------------------------------------------------------------------------------------- 6. ACCOUNTS PAYABLE $0 $0 $0 $0 $0 - ---------------------------------------------------------------------------------------------------------------------
- ----------------------------- STATUS OF POSTPETITION TAXES MONTH: FEBRUARY 2002 -------------------------------------- - ----------------------------------------------------------------------------------------------------- BEGINNING AMOUNT ENDING TAX WITHHELD AND/ AMOUNT TAX FEDERAL LIABILITY* 0R ACCRUED PAID LIABILITY - ----------------------------------------------------------------------------------------------------- 1. WITHHOLDING** $0 $0 $0 $0 - ----------------------------------------------------------------------------------------------------- 2. FICA-EMPLOYEE** $0 $0 $0 $0 - ----------------------------------------------------------------------------------------------------- 3. FICA-EMPLOYER** $0 $0 $0 $0 - ----------------------------------------------------------------------------------------------------- 4. UNEMPLOYMENT $0 $0 $0 $0 - ----------------------------------------------------------------------------------------------------- 5. INCOME $0 $0 $0 $0 - ----------------------------------------------------------------------------------------------------- 6. OTHER (ATTACH LIST) $0 $0 $0 $0 - ----------------------------------------------------------------------------------------------------- 7. TOTAL FEDERAL TAXES $0 $0 $0 $0 - ----------------------------------------------------------------------------------------------------- STATE AND LOCAL - ----------------------------------------------------------------------------------------------------- 8. WITHHOLDING $0 $0 $0 $0 - ----------------------------------------------------------------------------------------------------- 9. SALES $0 $0 $0 $0 - ----------------------------------------------------------------------------------------------------- 10. EXCISE $0 $0 $0 $0 - ----------------------------------------------------------------------------------------------------- 11. UNEMPLOYMENT $0 $0 $0 $0 - ----------------------------------------------------------------------------------------------------- 12. REAL PROPERTY $0 $0 $0 $0 - ----------------------------------------------------------------------------------------------------- 13. PERSONAL PROPERTY $0 $0 $0 $0 - ----------------------------------------------------------------------------------------------------- 14. OTHER (ATTACH LIST) $0 $0 $0 $0 - ----------------------------------------------------------------------------------------------------- 15. TOTAL STATE & LOCAL $0 $0 $0 $0 - ----------------------------------------------------------------------------------------------------- 16. TOTAL TAXES $0 $0 $0 $0 - -----------------------------------------------------------------------------------------------------
* The beginning tax liability should represent the liability from the prior month or, if this is the first operating report, the amount should be zero. ** Attach photocopies of IRS Form 6123 or your FTD coupon and payment receipt to verify payment or deposit. - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- Monthly Operating Report - -------------------------------------------- CASE NAME: AIRCRAFT LEASING, INC. ACCRUAL BASIS-5 - -------------------------------------------- - -------------------------------------------- CASE NUMBER: 400-42148-BJH-11 02/13/95, RWD, 2/96 - -------------------------------------------- The debtor in possession must complete the reconciliation below for each bank account, including all general, payroll and tax accounts, as well as all savings and investment accounts, money market accounts, certificates of deposit, government obligations, etc. Accounts with restricted funds should be identified by placing an asterisk next to the account number. Attach additional sheets if necessary. MONTH: FEBRUARY, 2002 ---------------------
- ------------------------------------------ BANK RECONCILIATIONS Account #1 Account #2 Account #3 - ----------------------------------------------------------------------------------------------- A. BANK: - -------------------------------------------------------------------------------------- B. ACCOUNT NUMBER: TOTAL - -------------------------------------------------------------------------------------- C. PURPOSE (TYPE): - ----------------------------------------------------------------------------------------------- 1. BALANCE PER BANK STATEMENT $0 $0 - ----------------------------------------------------------------------------------------------- 2. ADD: TOTAL DEPOSITS NOT CREDITED $0 $0 - ----------------------------------------------------------------------------------------------- 3. SUBTRACT: OUTSTANDING CHECKS $0 $0 - ----------------------------------------------------------------------------------------------- 4. OTHER RECONCILING ITEMS $0 $0 - ----------------------------------------------------------------------------------------------- 5. MONTH END BALANCE PER BOOKS $0 $0 $0 $0 - ----------------------------------------------------------------------------------------------- 6. NUMBER OF LAST CHECK WRITTEN - -----------------------------------------------------------------------------------------------
- ------------------------------------------ INVESTMENT ACCOUNTS - ------------------------------------------------------------------------------------------------- DATE OF TYPE OF PURCHASE CURRENT BANK, ACCOUNT NAME & NUMBER PURCHASE INSTRUMENT PRICE VALUE - ------------------------------------------------------------------------------------------------- 7. BANK ONE TRUST (ESCROW) 6801456800* 1/3/2000 MONEY MARKET $3,625,000 $ 0 - ------------------------------------------------------------------------------------------------- 8. HSBC Bank USA (ESCROW) #10-876110 6/19/2000 MONEY MARKET $3,560,463 $9,941 - ------------------------------------------------------------------------------------------------- 9. - ------------------------------------------------------------------------------------------------- 10. - ------------------------------------------------------------------------------------------------- 11. TOTAL INVESTMENTS $9,941 - ------------------------------------------------------------------------------------------------- - ------------------------------------------ CASH - ------------------------------------------------------------------------------------------------- 12. CURRENCY ON HAND $ 0 - ------------------------------------------------------------------------------------------------- - ------------------------------------------------------------------------------------------------- 13. TOTAL CASH - END OF MONTH $9,941 - ------------------------------------------------------------------------------------------------- $ 0 - -------------------------------------------------------------------------------------------------
- -------------------------------------------------------------------------------- Monthly Operating Report - -------------------------------------------- CASE NAME: AIRCRAFT LEASING, INC. ACCRUAL BASIS-6 - -------------------------------------------- - -------------------------------------------- CASE NUMBER: 400-42148-BJH-11 02/13/95, RWD, 2/96 - -------------------------------------------- MONTH: FEBRUARY, 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. SEE KITTY HAWK, INC. MOR - CASE # 400-42141-BJH-11 - ------------------------------------------------------------------------------- 2. - ------------------------------------------------------------------------------- 3. - ------------------------------------------------------------------------------- 4. - ------------------------------------------------------------------------------- 5. - ------------------------------------------------------------------------------- 6. TOTAL PAYMENTS TO INSIDERS $0 $0 - -------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------ PROFESSIONALS - ------------------------------------------------------------------------------------------------------ DATE OF COURT TOTAL ORDER AUTHORIZING AMOUNT AMOUNT TOTAL PAID INCURRED NAME PAYMENT APPROVED PAID TO DATE & UNPAID* - ------------------------------------------------------------------------------------------------------ 1. SEE KITTY HAWK, INC. MOR - CASE # 400-42141-BJH-11 - ------------------------------------------------------------------------------------------------------ 2. - ------------------------------------------------------------------------------------------------------ 3. - ------------------------------------------------------------------------------------------------------ 4. - ------------------------------------------------------------------------------------------------------ 5. - ------------------------------------------------------------------------------------------------------ 6. TOTAL PAYMENTS TO PROFESSIONALS $0 $0 $0 $0 - ------------------------------------------------------------------------------------------------------
* INCLUDE ALL FEES INCURRED, BOTH APPROVED AND UNAPPROVED - -------------------------------------------------------------------------------- POSTPETITION STATUS OF SECURED NOTES, LEASES PAYABLE AND ADEQUATE PROTECTION PAYMENTS - -------------------------------------------------------------------------------- - ----------------------------------------------------------------------- SCHEDULED AMOUNTS MONTHLY PAID TOTAL PAYMENTS DURING UNPAID NAME OF CREDITOR DUE MONTH POSTPETITION - ----------------------------------------------------------------------- 1. FIRST SOURCE BANK (865001) $0 $0 $0 - ----------------------------------------------------------------------- 2. FIRST SOURCE BANK (RPS) $0 $0 $0 - ----------------------------------------------------------------------- 3. FIRST SOURCE BANK (AIA) $0 $0 $0 - ----------------------------------------------------------------------- 4. $0 - ----------------------------------------------------------------------- 5. $0 - ----------------------------------------------------------------------- 6. TOTAL $0 $0 $0 - ----------------------------------------------------------------------- - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- Monthly Operating Report - -------------------------------------------- CASE NAME: AIRCRAFT LEASING, INC. ACCRUAL BASIS-7 - -------------------------------------------- - -------------------------------------------- CASE NUMBER: 400-42148-BJH-11 02/13/95, RWD, 2/96 - -------------------------------------------- MONTH: FEBRUARY, 2002 -------------------------
- ------------------------------ 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. 2 a) $290,176 Disbursements to Successor Trustee of (HSBC-Escrow) account for - -------------------------------------------------------------------------------- Professional Fees, Transfer to KH Inc & KH Int'l - -------------------------------------------------------------------------------- Due to timing of G/L closing, February bank info was not available for details - -------------------------------------------------------------------------------- of Trustee expenditures (to be posted in next month). - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- - ------------------------------ INSURANCE - ----------------------------------------------------------------------------- YES NO - ----------------------------------------------------------------------------- 1. ARE WORKER'S COMPENSATION, GENERAL LIABILITY AND OTHER X NECESSARY INSURANCE COVERAGES IN EFFECT? - ----------------------------------------------------------------------------- 2. ARE ALL PREMIUM PAYMENTS PAID CURRENT? X - ----------------------------------------------------------------------------- 3. PLEASE ITEMIZE POLICIES BELOW. - ----------------------------------------------------------------------------- IF THE ANSWER TO ANY OF THE ABOVE QUESTIONS IS "NO," OR IF ANY POLICIES HAVE BEEN CANCELLED OR NOT RENEWED DURING THIS REPORTING PERIOD, PROVIDE AN EXPLANATION BELOW. ATTACH ADDITIONAL SHEETS IF NECESSARY. - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- INSTALLMENT PAYMENTS - -------------------------------------------------------------------------------- TYPE OF PAYMENT AMOUNT POLICY CARRIER PERIOD COVERED & FREQUENCY - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- SEE KITTY HAWK, INC. MOR - CASE # 400-42141-BJH-11 - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- - -------------------------------------------- CASE NAME: AIRCRAFT LEASING, INC. FOOTNOTES SUPPLEMENT - -------------------------------------------- - -------------------------------------------- CASE NUMBER: 400-42148-BJH-11 ACCRUAL BASIS - -------------------------------------------- MONTH: FEBRUARY, 2002 --------------------------
- ----------------------------------------------------------------------------------------------------------------- ACCRUAL BASIS LINE FORM NUMBER NUMBER FOOTNOTE / EXPLANATION - ----------------------------------------------------------------------------------------------------------------- - ----------------------------------------------------------------------------------------------------------------- - ----------------------------------------------------------------------------------------------------------------- 2 13 SFAS 121 Writedown of $5,736,370 of Assets, from USPS W-Net cancel 8/25/01 - ----------------------------------------------------------------------------------------------------------------- - ----------------------------------------------------------------------------------------------------------------- - ----------------------------------------------------------------------------------------------------------------- 2 21 Net Loss of $24,383,196 on Transfer of Aircraft & Engines to Bondholders 12/01 - ----------------------------------------------------------------------------------------------------------------- - ----------------------------------------------------------------------------------------------------------------- - ----------------------------------------------------------------------------------------------------------------- 3 8 All cash received into the subsidiary cash account is swept - ----------------------------------------------------------------------------------------------------------------- each night to Kitty Hawk, Inc. Master Account - ----------------------------------------------------------------------------------------------------------------- - ----------------------------------------------------------------------------------------------------------------- - ----------------------------------------------------------------------------------------------------------------- 3 31 All disbursements (either by wire transfer or check), including payroll, are - ----------------------------------------------------------------------------------------------------------------- disbursed out of the Kitty Hawk, Inc. controlled disbursement - ----------------------------------------------------------------------------------------------------------------- account. - ----------------------------------------------------------------------------------------------------------------- - ----------------------------------------------------------------------------------------------------------------- - ----------------------------------------------------------------------------------------------------------------- 4 6 All assessments of uncollectible accounts receivable are done - ----------------------------------------------------------------------------------------------------------------- at Kitty Hawk, Inc. All reserves are recorded at Inc. and pushed - ----------------------------------------------------------------------------------------------------------------- down to Inc.'s subsidiaries as deemed necessary. - ----------------------------------------------------------------------------------------------------------------- - ----------------------------------------------------------------------------------------------------------------- - ----------------------------------------------------------------------------------------------------------------- 7 Insr 3 All insurance policies are carried in the name of Kitty Hawk, Inc. and its - ----------------------------------------------------------------------------------------------------------------- subsidiaries. Therefore, they are listed here accordingly. - ----------------------------------------------------------------------------------------------------------------- - ----------------------------------------------------------------------------------------------------------------- - ----------------------------------------------------------------------------------------------------------------- 7 Qust 2 Due to timing of G/L closing, February bank statement info was not available - ----------------------------------------------------------------------------------------------------------------- for details of Trustee expenditures (to be posted in next G/L period). - -----------------------------------------------------------------------------------------------------------------
- -------------------------------------------------------------------------------- Monthly Operating Report - -------------------------------------------- CASE NAME: AIRCRAFT LEASING, INC. ACCRUAL BASIS-Attachment - -------------------------------------------- - -------------------------------------------- CASE NUMBER: 400-42148-BJH-11 - -------------------------------------------- MONTH: FEBRUARY, 2002 ----------------------------
MOR # ITEM # LIST OR EXPLANATION 1 - BS 8 a) $166,804 Intercompany Cummulative Receivable/Payable Balance 1 - BS 22 a) ($5,739,918) Accrued Federal Income Tax Credit (Post-petition) 1 - BS 27 a) $2,399,516 Accrued Taxes Payable (Pre-petition) 2 - IS 13 2 - IS 16 a) $157 Interest Income (from HSBC -Escrow account) Due to timing of G/L closing, February bank info was not available for details of Trustee expenditures (to be posted in next month). 2 - IS 21 3 - CF 8 a) $157 Interest Income (from HSBC -Escrow account) b) $250,000 I/C Transfer to HSBC -Escrow account from KH Int'l Sale Procedes account Due to timing of G/L closing, February bank info was not available for details of Trustee expenditures (to be posted in next month). 4 - AP T6 a) Federal Income Taxes are now shown as Other Accrued Liabilities (due to deferred tax credits) 7 - QA 2 a) $290,176 Disbursement to Successor Trustee of (HSBC-Escrow) account for Professional Fees, Transfer to KH Inc & KH Int'l Due to timing of G/L closing, February bank info was not available for details of Trustee expenditures (to be posted in next month).
- -------------------------------------------------------------------------------- EX-99.9 11 dex999.txt MONTHLY OPERATING REPORT FOR AMERICAN INT'L TRAVEL Exhibit 99.9 - -------------------------------------------------------------------------------- Monthly Operating Report - ---------------------------------------------- CASE NAME: American International Travel, Inc. ACCRUAL BASIS - ---------------------------------------------- - ---------------------------------------------- CASE NUMBER: 400-42149-BJH-11 02/13/95, RWD, 2/96 - ---------------------------------------------- - ---------------------------------------------- JUDGE: Barbara J. Houser - ---------------------------------------------- UNITED STATES BANKRUPTCY COURT NORTHERN DISTRICT OF TEXAS SIXTH DIVISION MONTHLY OPERATING REPORT MONTH ENDING: FEBRUARY 28, 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 3/20/2002 - ------------------------------------------- --------------------------------- PRINTED NAME OF RESPONSIBLE PARTY DATE PREPARER: /s/ Jessica L. Wilson Chief Accounting Officer - ------------------------------------------- --------------------------------- ORIGINAL SIGNATURE OF PREPARER TITLE Jessica L. Wilson 3/20/2002 - ------------------------------------------- --------------------------------- PRINTED NAME OF PREPARER DATE - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- Monthly Operating Report - ---------------------------------------------- CASE NAME: American International Travel, Inc. ACCRUAL BASIS-1 - ---------------------------------------------- - ---------------------------------------------- CASE NUMBER: 400-42149-BJH-11 02/13/95, RWD, 2/96 - ----------------------------------------------
- --------------------------------------------- COMPARATIVE BALANCE SHEET - ------------------------------------------------------------------------------------ MONTH MONTH MONTH SCHEDULE ------------------------------------ ASSETS AMOUNT January 2002 February 2002 - ------------------------------------------------------------------------------------ 1. UNRESTRICTED CASH $ 64,520 $ 0 $ 0 $0 - ------------------------------------------------------------------------------------ 2. RESTRICTED CASH $ 0 $ 0 $0 - ------------------------------------------------------------------------------------ 3. TOTAL CASH $ 64,520 $ 0 $ 0 $0 - ------------------------------------------------------------------------------------ 4. ACCOUNTS RECEIVABLE (NET) $ 0 $ 0 $0 - ------------------------------------------------------------------------------------ 5. INVENTORY $ 0 $ 0 $0 - ------------------------------------------------------------------------------------ 6. NOTES RECEIVABLE $ 0 $ 0 $0 - ------------------------------------------------------------------------------------ 7. PREPAID EXPENSES $ 0 $ 0 $0 - ------------------------------------------------------------------------------------ 8. OTHER (ATTACH LIST) ($408,064) ($408,064) $0 - ------------------------------------------------------------------------------------ 9. TOTAL CURRENT ASSETS $ 64,520 ($408,064) ($408,064) $0 - ------------------------------------------------------------------------------------ 10. PROPERTY, PLANT & EQUIPMENT $ 0 $ 0 $0 - ------------------------------------------------------------------------------------ 11. LESS: ACCUMULATED DEPRECIATION / DEPLETION $ 0 $ 0 $0 - ------------------------------------------------------------------------------------ 12. NET PROPERTY, PLANT & EQUIPMENT $ 0 $ 0 $ 0 $0 - ------------------------------------------------------------------------------------ 13. DUE FROM INSIDERS $ 0 $ 0 $0 - ------------------------------------------------------------------------------------ 14. OTHER ASSETS - NET OF AMORTIZATION (ATTACH LIST) $ 0 $ 0 $0 - ------------------------------------------------------------------------------------ 15. OTHER (ATTACH LIST) $ 0 $ 0 $0 - ------------------------------------------------------------------------------------ 16. TOTAL ASSETS $ 64,520 ($408,064) ($408,064) $0 - ------------------------------------------------------------------------------------ POSTPETITION LIABILITIES - ------------------------------------------------------------------------------------ 17. ACCOUNTS PAYABLE $ 0 $ 0 $0 - ------------------------------------------------------------------------------------ 18. TAXES PAYABLE $ 0 $ 0 $0 - ------------------------------------------------------------------------------------ 19. NOTES PAYABLE $ 0 $ 0 $0 - ------------------------------------------------------------------------------------ 20. PROFESSIONAL FEES $ 0 $ 0 $0 - ------------------------------------------------------------------------------------ 21. SECURED DEBT $ 0 $ 0 $0 - ------------------------------------------------------------------------------------ 22. OTHER (ATTACH LIST) $ 0 $ 0 $0 - ------------------------------------------------------------------------------------ 23. TOTAL POSTPETITION LIABILITIES $ 0 $ 0 $0 - ------------------------------------------------------------------------------------ PREPETITION LIABILITIES - ------------------------------------------------------------------------------------ 24. SECURED DEBT $ 0 $ 0 $0 - ------------------------------------------------------------------------------------ 25. PRIORITY DEBT $ 16,503 $ 0 $ 0 $0 - ------------------------------------------------------------------------------------ 26. UNSECURED DEBT $513,635 ($84,891) ($84,891) $0 - ------------------------------------------------------------------------------------ 27. OTHER (ATTACH LIST) $ 0 $ 0 $0 - ------------------------------------------------------------------------------------ 28. TOTAL PREPETITION LIABILITIES $530,138 ($84,891) ($84,891) $0 - ------------------------------------------------------------------------------------ 29. TOTAL LIABILITIES $530,138 ($84,891) ($84,891) $0 - ------------------------------------------------------------------------------------ EQUITY - ------------------------------------------------------------------------------------ 30. PREPETITION OWNERS' EQUITY ($359,163) ($359,163) $0 - ------------------------------------------------------------------------------------ 31. POSTPETITION CUMULATIVE PROFIT OR (LOSS) $ 35,990 $ 35,990 $0 - ------------------------------------------------------------------------------------ 32. DIRECT CHARGES TO EQUITY (ATTACH EXPLANATION) - ------------------------------------------------------------------------------------ 33. TOTAL EQUITY $ 0 ($323,173) ($323,173) $0 - ------------------------------------------------------------------------------------ 34. TOTAL LIABILITIES & OWNERS' EQUITY $530,138 ($408,064) ($408,064) $0 - ------------------------------------------------------------------------------------
- -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- Monthly Operating Report - ---------------------------------------------- CASE NAME: American International Travel, Inc. ACCRUAL BASIS-2 - ---------------------------------------------- - ---------------------------------------------- CASE NUMBER: 400-42149-BJH-11 02/13/95, RWD, 2/96 - ----------------------------------------------
- -------------------------------------- INCOME STATEMENT - --------------------------------------------------------------------------------------- MONTH MONTH MONTH QUARTER ------------------------------------ REVENUES January 2002 February 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 $0 $0 $0 $0 - --------------------------------------------------------------------------------------- 10. SELLING & MARKETING $0 $0 $0 $0 - --------------------------------------------------------------------------------------- 11. GENERAL & ADMINISTRATIVE $0 $0 $0 $0 - --------------------------------------------------------------------------------------- 12. RENT & LEASE $0 $0 $0 $0 - --------------------------------------------------------------------------------------- 13. OTHER (ATTACH LIST) $0 $0 $0 $0 - --------------------------------------------------------------------------------------- 14. TOTAL OPERATING EXPENSES $0 $0 $0 $0 - --------------------------------------------------------------------------------------- 15. INCOME BEFORE NON-OPERATING INCOME & EXPENSE $0 $0 $0 $0 - --------------------------------------------------------------------------------------- OTHER INCOME & EXPENSES - --------------------------------------------------------------------------------------- 16. NON-OPERATING INCOME (ATT. LIST) $0 $0 $0 $0 - --------------------------------------------------------------------------------------- 17. NON-OPERATING EXPENSE (ATT. LIST) $0 $0 $0 $0 - --------------------------------------------------------------------------------------- 18. INTEREST EXPENSE $0 $0 $0 $0 - --------------------------------------------------------------------------------------- 19. DEPRECIATION / DEPLETION $0 $0 $0 $0 - --------------------------------------------------------------------------------------- 20. AMORTIZATION $0 $0 $0 $0 - --------------------------------------------------------------------------------------- 21. OTHER (ATTACH LIST) $0 $0 $0 $0 - --------------------------------------------------------------------------------------- 22. NET OTHER INCOME & EXPENSES $0 $0 $0 $0 - --------------------------------------------------------------------------------------- REORGANIZATION EXPENSES - --------------------------------------------------------------------------------------- 23. PROFESSIONAL FEES $0 $0 $0 $0 - --------------------------------------------------------------------------------------- 24. U.S. TRUSTEE FEES $0 $0 $0 $0 - --------------------------------------------------------------------------------------- 25. OTHER (ATTACH LIST) $0 $0 $0 $0 - --------------------------------------------------------------------------------------- 26. TOTAL REORGANIZATION EXPENSES $0 $0 $0 $0 - --------------------------------------------------------------------------------------- 27. INCOME TAX $0 $0 $0 $0 - --------------------------------------------------------------------------------------- 28. NET PROFIT (LOSS) $0 $0 $0 $0 - ---------------------------------------------------------------------------------------
- -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- Monthly Operating Report - ---------------------------------------------- CASE NAME: American International Travel, Inc. ACCRUAL BASIS-3 - ---------------------------------------------- - ---------------------------------------------- CASE NUMBER: 400-42149-BJH-11 02/13/95, RWD, 2/96 - ----------------------------------------------
- ------------------------------------------------------------------------------------- MONTH MONTH MONTH QUARTER CASH RECEIPTS AND -------------------------------------- DISBURSEMENTS January 2002 February 2002 TOTAL - ------------------------------------------------------------------------------------- 1. CASH - BEGINNING OF MONTH $0 $0 $0 $0 - ------------------------------------------------------------------------------------- RECEIPTS FROM OPERATIONS - ------------------------------------------------------------------------------------- 2. CASH SALES $0 $0 $0 $0 - ------------------------------------------------------------------------------------- COLLECTION OF ACCOUNTS RECEIVABLE - ------------------------------------------------------------------------------------- 3. PREPETITION $0 $0 $0 $0 - ------------------------------------------------------------------------------------- 4. POSTPETITION $0 $0 $0 $0 - ------------------------------------------------------------------------------------- 5. TOTAL OPERATING RECEIPTS $0 $0 $0 $0 - ------------------------------------------------------------------------------------- NON - OPERATING RECEIPTS - ------------------------------------------------------------------------------------- 6. LOANS & ADVANCES (ATTACH LIST) $0 $0 $0 $0 - ------------------------------------------------------------------------------------- 7. SALE OF ASSETS $0 $0 $0 $0 - ------------------------------------------------------------------------------------- 8. OTHER (ATTACH LIST) $0 $0 $0 $0 - ------------------------------------------------------------------------------------- 9. TOTAL NON-OPERATING RECEIPTS $0 $0 $0 $0 - ------------------------------------------------------------------------------------- 10. TOTAL RECEIPTS $0 $0 $0 $0 - ------------------------------------------------------------------------------------- 11. TOTAL CASH AVAILABLE $0 $0 $0 $0 - ------------------------------------------------------------------------------------- OPERATING DISBURSEMENTS - ------------------------------------------------------------------------------------- 12. NET PAYROLL $0 $0 $0 $0 - ------------------------------------------------------------------------------------- 13. PAYROLL TAXES PAID $0 $0 $0 $0 - ------------------------------------------------------------------------------------- 14. SALES, USE & OTHER TAXES PAID $0 $0 $0 $0 - ------------------------------------------------------------------------------------- 15. SECURED / RENTAL / LEASES $0 $0 $0 $0 - ------------------------------------------------------------------------------------- 16. UTILITIES $0 $0 $0 $0 - ------------------------------------------------------------------------------------- 17. INSURANCE $0 $0 $0 $0 - ------------------------------------------------------------------------------------- 18. INVENTORY PURCHASES $0 $0 $0 $0 - ------------------------------------------------------------------------------------- 19. VEHICLE EXPENSES $0 $0 $0 $0 - ------------------------------------------------------------------------------------- 20. TRAVEL $0 $0 $0 $0 - ------------------------------------------------------------------------------------- 21. ENTERTAINMENT $0 $0 $0 $0 - ------------------------------------------------------------------------------------- 22. REPAIRS & MAINTENANCE $0 $0 $0 $0 - ------------------------------------------------------------------------------------- 23. SUPPLIES $0 $0 $0 $0 - ------------------------------------------------------------------------------------- 24. ADVERTISING $0 $0 $0 $0 - ------------------------------------------------------------------------------------- 25. OTHER (ATTACH LIST) $0 $0 $0 $0 - ------------------------------------------------------------------------------------- 26. TOTAL OPERATING DISBURSEMENTS $0 $0 $0 $0 - ------------------------------------------------------------------------------------- REORGANIZATION EXPENSES - ------------------------------------------------------------------------------------- 27. PROFESSIONAL FEES $0 $0 $0 $0 - ------------------------------------------------------------------------------------- 28. U.S. TRUSTEE FEES $0 $0 $0 $0 - ------------------------------------------------------------------------------------- 29. OTHER (ATTACH LIST) $0 $0 $0 $0 - ------------------------------------------------------------------------------------- 30. TOTAL REORGANIZATION EXPENSES $0 $0 $0 $0 - ------------------------------------------------------------------------------------- 31. TOTAL DISBURSEMENTS $0 $0 $0 $0 - ------------------------------------------------------------------------------------- 32. NET CASH FLOW $0 $0 $0 $0 - ------------------------------------------------------------------------------------- 33. CASH - END OF MONTH $0 $0 $0 $0 - -------------------------------------------------------------------------------------
================================================================================ - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- Monthly Operating Report - ---------------------------------------------- CASE NAME: American International Travel, Inc. ACCRUAL BASIS-4 - ---------------------------------------------- - ---------------------------------------------- CASE NUMBER: 400-42149-BJH-11 02/13/95, RWD, 2/96 - ----------------------------------------------
- -------------------------------------------------------------------------------------- SCHEDULE MONTH MONTH MONTH ------------------------------------ ACCOUNTS RECEIVABLE AGING AMOUNT January 2002 February 2002 - -------------------------------------------------------------------------------------- 1. 0-30 $0 $0 $0 $0 - -------------------------------------------------------------------------------------- 2. 31-60 $0 $0 $0 $0 - -------------------------------------------------------------------------------------- 3. 61-90 $0 $0 $0 $0 - -------------------------------------------------------------------------------------- 4. 91+ $0 $0 $0 $0 - -------------------------------------------------------------------------------------- 5. TOTAL ACCOUNTS RECEIVABLE $0 $0 $0 $0 - -------------------------------------------------------------------------------------- 6. AMOUNT CONSIDERED UNCOLLECTIBLE $0 $0 $0 $0 - -------------------------------------------------------------------------------------- 7. ACCOUNTS RECEIVABLE (NET) $0 $0 $0 $0 - --------------------------------------------------------------------------------------
- ---------------------------------------------- AGING OF POSTPETITION TAXES AND PAYABLES MONTH: February 2002 ----------------------- - -------------------------------------------------------------------------------------- 0-30 31-60 61-90 91+ TAXES PAYABLE DAYS DAYS DAYS DAYS TOTAL - -------------------------------------------------------------------------------------- 1. FEDERAL $0 $0 $0 $0 $0 - -------------------------------------------------------------------------------------- 2. STATE $0 $0 $0 $0 $0 - -------------------------------------------------------------------------------------- 3. LOCAL $0 $0 $0 $0 $0 - -------------------------------------------------------------------------------------- 4. OTHER (ATTACH LIST) $0 $0 $0 $0 $0 - -------------------------------------------------------------------------------------- 5. TOTAL TAXES PAYABLE $0 $0 $0 $0 $0 - -------------------------------------------------------------------------------------- - -------------------------------------------------------------------------------------- 6. ACCOUNTS PAYABLE $0 $0 $0 $0 $0 - --------------------------------------------------------------------------------------
- ---------------------------- STATUS OF POSTPETITION TAXES MONTH: February 2002 ------------------------- - ------------------------------------------------------------------------------ BEGINNING AMOUNT ENDING TAX WITHHELD AND/ AMOUNT TAX FEDERAL LIABILITY* 0R ACCRUED PAID LIABILITY - ------------------------------------------------------------------------------ 1. WITHHOLDING** $0 $0 $0 $0 - ------------------------------------------------------------------------------ 2. FICA-EMPLOYEE** $0 $0 $0 $0 - ------------------------------------------------------------------------------ 3. FICA-EMPLOYER** $0 $0 $0 $0 - ------------------------------------------------------------------------------ 4. UNEMPLOYMENT $0 $0 $0 $0 - ------------------------------------------------------------------------------ 5. INCOME $0 $0 $0 $0 - ------------------------------------------------------------------------------ 6. OTHER (ATTACH LIST) $0 $0 $0 $0 - ------------------------------------------------------------------------------ 7. TOTAL FEDERAL TAXES $0 $0 $0 $0 - ------------------------------------------------------------------------------ STATE AND LOCAL - ------------------------------------------------------------------------------ 8. WITHHOLDING $0 $0 $0 $0 - ------------------------------------------------------------------------------ 9. SALES $0 $0 $0 $0 - ------------------------------------------------------------------------------ 10. EXCISE $0 $0 $0 $0 - ------------------------------------------------------------------------------ 11. UNEMPLOYMENT $0 $0 $0 $0 - ------------------------------------------------------------------------------ 12. REAL PROPERTY $0 $0 $0 $0 - ------------------------------------------------------------------------------ 13. PERSONAL PROPERTY $0 $0 $0 $0 - ------------------------------------------------------------------------------ 14. OTHER (ATTACH LIST) $0 $0 $0 $0 - ------------------------------------------------------------------------------ 15. TOTAL STATE & LOCAL $0 $0 $0 $0 - ------------------------------------------------------------------------------ 16. TOTAL TAXES $0 $0 $0 $0 - ------------------------------------------------------------------------------
* The beginning tax liability should represent the liability from the prior month or, if this is the first operating report, the amount should be zero. ** Attach photocopies of IRS Form 6123 or your FTD coupon and payment receipt to verify payment or deposit. - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- Monthly Operating Report - ---------------------------------------------- CASE NAME: American International Travel, Inc. ACCRUAL BASIS-5 - ---------------------------------------------- - ---------------------------------------------- CASE NUMBER: 400-42149-BJH-11 02/13/95, RWD, 2/96 - ---------------------------------------------- The debtor in possession must complete the reconciliation below for each bank account, including all general, payroll and tax accounts, as well as all savings and investment accounts, money market accounts, certificates of deposit, government obligations, etc. Accounts with restricted funds should be identified by placing an asterisk next to the account number. Attach additional sheets if necessary. MONTH: February 2002 ----------------------------
- ------------------------------------- BANK RECONCILIATIONS Account #1 Account #2 Account #3 - ------------------------------------------------------------------------------------ A. BANK: N/A - ------------------------------------- B. ACCOUNT NUMBER: TOTAL - ------------------------------------- C. PURPOSE (TYPE): - ------------------------------------------------------------------------------------ 1. BALANCE PER BANK STATEMENT $0 - ------------------------------------------------------------------------------------ 2. ADD: TOTAL DEPOSITS NOT CREDITED $0 - ------------------------------------------------------------------------------------ 3. SUBTRACT: OUTSTANDING CHECKS $0 - ------------------------------------------------------------------------------------ 4. OTHER RECONCILING ITEMS $0 - ------------------------------------------------------------------------------------ 5. MONTH END BALANCE PER BOOKS $0 $0 $0 $0 - ------------------------------------------------------------------------------------ 6. NUMBER OF LAST CHECK WRITTEN - ------------------------------------------------------------------------------------
- ------------------------------ INVESTMENT ACCOUNTS - --------------------------------------------------------------------------- DATE OF TYPE OF PURCHASE CURRENT BANK, ACCOUNT NAME & NUMBER PURCHASE INSTRUMENT PRICE VALUE - --------------------------------------------------------------------------- 7. N/A - --------------------------------------------------------------------------- 8. N/A - --------------------------------------------------------------------------- 9. N/A - --------------------------------------------------------------------------- 10. N/A - --------------------------------------------------------------------------- 11. TOTAL INVESTMENTS $0 $0 - --------------------------------------------------------------------------- - ------------------------------ CASH - --------------------------------------------------------------------------- 12. CURRENCY ON HAND $0 - --------------------------------------------------------------------------- - --------------------------------------------------------------------------- 13. TOTAL CASH - END OF MONTH $0 - ---------------------------------------------------------------------------
- -------------------------------------------------------------------------------- Monthly Operating Report - ---------------------------------------------- CASE NAME: American International Travel, Inc. ACCRUAL BASIS-6 - ---------------------------------------------- - ---------------------------------------------- CASE NUMBER: 400-42149-BJH-11 02/13/95, RWD, 2/96 - ---------------------------------------------- MONTH: February 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. N/A - ---------------------------------------------------- 2. N/A - ---------------------------------------------------- 3. N/A - ---------------------------------------------------- 4. N/A - ---------------------------------------------------- 5. N/A - ---------------------------------------------------- 6. TOTAL PAYMENTS TO INSIDERS $0 $0 - ----------------------------------------------------
- ---------------------------------------------------------------------------------------- PROFESSIONALS - ---------------------------------------------------------------------------------------- DATE OF COURT TOTAL ORDER AUTHORIZING AMOUNT AMOUNT TOTAL PAID INCURRED NAME PAYMENT APPROVED PAID TO DATE & UNPAID * - ---------------------------------------------------------------------------------------- 1. N/A - ---------------------------------------------------------------------------------------- 2. N/A - ---------------------------------------------------------------------------------------- 3. N/A - ---------------------------------------------------------------------------------------- 4. N/A - ---------------------------------------------------------------------------------------- 5. N/A - ---------------------------------------------------------------------------------------- 6. TOTAL PAYMENTS TO PROFESSIONALS $0 $0 $0 $0 - ----------------------------------------------------------------------------------------
* INCLUDE ALL FEES INCURRED, BOTH APPROVED AND UNAPPROVED - -------------------------------------------------------------------------------- POSTPETITION STATUS OF SECURED NOTES, LEASES PAYABLE AND ADEQUATE PROTECTION PAYMENTS - -------------------------------------------------------------------------------- - --------------------------------------------------------------- SCHEDULED AMOUNTS MONTHLY PAID TOTAL PAYMENTS DURING UNPAID NAME OF CREDITOR DUE MONTH POSTPETITION - --------------------------------------------------------------- 1. N/A - --------------------------------------------------------------- 2. N/A - --------------------------------------------------------------- 3. N/A - --------------------------------------------------------------- 4. N/A - --------------------------------------------------------------- 5. N/A - --------------------------------------------------------------- 6. TOTAL $0 $0 $0 - --------------------------------------------------------------- - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- Monthly Operating Report - ---------------------------------------------- CASE NAME: American International Travel, Inc. ACCRUAL BASIS-7 - ---------------------------------------------- - ---------------------------------------------- CASE NUMBER: 400-42149-BJH-11 02/13/95, RWD, 2/96 - ---------------------------------------------- MONTH: February 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 X ANY PARTY? - -------------------------------------------------------------------------------- 6. ARE ANY POSTPETITION PAYROLL TAXES PAST DUE? X - -------------------------------------------------------------------------------- 7. ARE ANY POSTPETITION STATE OR FEDERAL INCOME TAXES PAST DUE? X - -------------------------------------------------------------------------------- 8. ARE ANY POSTPETITION REAL ESTATE TAXES PAST DUE? X - -------------------------------------------------------------------------------- 9. ARE ANY OTHER POSTPETITION TAXES PAST DUE? X - -------------------------------------------------------------------------------- 10. ARE ANY AMOUNTS OWED TO POSTPETITION CREDITORS DELINQUENT? X - -------------------------------------------------------------------------------- 11. HAVE ANY PREPETITION TAXES BEEN PAID DURING THE REPORTING X 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 NECESSARY INSURANCE COVERAGES IN EFFECT? X - -------------------------------------------------------------------------------- 2. ARE ALL PREMIUM PAYMENTS PAID CURRENT? X - -------------------------------------------------------------------------------- 3. PLEASE ITEMIZE POLICIES BELOW. - -------------------------------------------------------------------------------- IF THE ANSWER TO ANY OF THE ABOVE QUESTIONS IS "NO," OR IF ANY POLICIES HAVE BEEN CANCELLED OR NOT RENEWED DURING THIS REPORTING PERIOD, PROVIDE AN EXPLANATION BELOW. ATTACH ADDITIONAL SHEETS IF NECESSARY. - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- INSTALLMENT PAYMENTS - -------------------------------------------------------------------------------- TYPE OF PAYMENT AMOUNT POLICY CARRIER PERIOD COVERED & FREQUENCY - -------------------------------------------------------------------------------- Please see Case # 00-42141-BJH-11 - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- - ---------------------------------------------- CASE NAME: American International Travel, Inc. FOOTNOTES SUPPLEMENT - ---------------------------------------------- - ---------------------------------------------- CASE NUMBER: 400-42149-BJH-11 ACCRUAL BASIS - ---------------------------------------------- MONTH: February 2002 ------------------
- ------------------------------------------------------------------------------------------ ACCRUAL BASIS FORM NUMBER LINE NUMBER FOOTNOTE / EXPLANATION - ------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------ 6 All Professional fees related to the Reorganization of the - ------------------------------------------------------------------------------------------ Company are disbursed out of Kitty Hawk, Inc. (Parent - ------------------------------------------------------------------------------------------ Company). Refer to Case # 400-42141 - ------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------ 7 All insurance plans related to the Company are carried - ------------------------------------------------------------------------------------------ at Kitty Hawk, Inc. (Parent Company). Refer to Case # - ------------------------------------------------------------------------------------------ 400-42141. - ------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------ General This operation closed in May of 2000. Costs incurred to date - ------------------------------------------------------------------------------------------ consist of costs associated with shut down - ------------------------------------------------------------------------------------------ procedures as well as wrapping up final billings. - ------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------ 3 28 All payments are made by Kitty Hawk, Inc. (Case #400-42141) - ------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------
- -------------------------------------------------------------------------------- CASE NAME: American International Travel, Inc. CASE NUMBER: 400-42149-BJH-11 Details of Other Items ACCRUAL BASIS-1 February 2002 8. OTHER (ATTACH LIST) (408,064)Reported --------------- Intercompany Receivable (408,064) --------------- (408,064)Detail --------------- -- Difference EX-99.10 12 dex9910.txt MONTHLY OPERATING REPORT FOR FLIGHT ONE LOGISTICS Exhibit 99.10 - -------------------------------------------------------------------------------- Monthly Operating Report - -------------------------------------- CASE NAME: Flight One Logistics, Inc. ACCRUAL BASIS - -------------------------------------- - -------------------------------------- CASE NUMBER: 400-42069-BJH 02/13/95, RWD, 2/96 - -------------------------------------- - -------------------------------------- JUDGE: Barbara J. Houser - -------------------------------------- UNITED STATES BANKRUPTCY COURT NORTHERN DISTRICT OF TEXAS SIXTH DIVISION MONTHLY OPERATING REPORT MONTH ENDING: FEBRUARY 28, 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 3/20/2002 - ------------------------------------------- --------------------------------- PRINTED NAME OF RESPONSIBLE PARTY DATE PREPARER: /s/ Jessica L. Wilson Chief Accounting Officer - ------------------------------------------- --------------------------------- ORIGINAL SIGNATURE OF PREPARER TITLE Jessica L. Wilson 3/20/2002 - ------------------------------------------- --------------------------------- PRINTED NAME OF PREPARER DATE - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- Monthly Operating Report - -------------------------------------- CASE NAME: Flight One Logistics, Inc. ACCRUAL BASIS-1 - -------------------------------------- - -------------------------------------- CASE NUMBER: 400-42069-BJH 02/13/95, RWD, 2/96 - --------------------------------------
- ---------------------------------------------- COMPARATIVE BALANCE SHEET - ------------------------------------------------------------------------------------- MONTH MONTH MONTH SCHEDULE ------------------------------------ ASSETS AMOUNT January 2002 February 2002 - ------------------------------------------------------------------------------------- 1. UNRESTRICTED CASH $ 0 $ 0 $0 - ------------------------------------------------------------------------------------- 2. RESTRICTED CASH $ 0 $ 0 $0 - ------------------------------------------------------------------------------------- 3. TOTAL CASH $ 0 $ 0 $ 0 $0 - ------------------------------------------------------------------------------------- 4. ACCOUNTS RECEIVABLE (NET) $ 20,742 $ 20,742 $0 - ------------------------------------------------------------------------------------- 5. INVENTORY $ 0 $ 0 $0 - ------------------------------------------------------------------------------------- 6. NOTES RECEIVABLE $ 0 $ 0 $0 - ------------------------------------------------------------------------------------- 7. PREPAID EXPENSES $ 0 $ 0 $0 - ------------------------------------------------------------------------------------- 8. OTHER (ATTACH LIST) $39,149 ($306) ($306) $0 - ------------------------------------------------------------------------------------- 9. TOTAL CURRENT ASSETS $39,149 $ 20,436 $ 20,436 $0 - ------------------------------------------------------------------------------------- 10. PROPERTY, PLANT & EQUIPMENT $ 0 $ 0 $0 - ------------------------------------------------------------------------------------- 11. LESS: ACCUMULATED DEPRECIATION / DEPLETION $ 0 $ 0 $0 - ------------------------------------------------------------------------------------- 12. NET PROPERTY, PLANT & EQUIPMENT $ 0 $ 0 $ 0 $0 - ------------------------------------------------------------------------------------- 13. DUE FROM INSIDERS $ 0 $ 0 $0 - ------------------------------------------------------------------------------------- 14. OTHER ASSETS - NET OF AMORTIZATION (ATTACH LIST) $ 0 $ 0 $0 - ------------------------------------------------------------------------------------- 15. OTHER (ATTACH LIST) $ 0 $ 0 $0 - ------------------------------------------------------------------------------------- 16. TOTAL ASSETS $39,149 $ 20,436 $ 20,436 $0 - ------------------------------------------------------------------------------------- POSTPETITION LIABILITIES - ------------------------------------------------------------------------------------- 17. ACCOUNTS PAYABLE $ 0 $ 0 $0 - ------------------------------------------------------------------------------------- 18. TAXES PAYABLE $ 0 $ 0 $0 - ------------------------------------------------------------------------------------- 19. NOTES PAYABLE $ 0 $ 0 $0 - ------------------------------------------------------------------------------------- 20. PROFESSIONAL FEES $ 0 $ 0 $0 - ------------------------------------------------------------------------------------- 21. SECURED DEBT $ 0 $ 0 $0 - ------------------------------------------------------------------------------------- 22. OTHER (ATTACH LIST) $ 0 $ 0 $0 - ------------------------------------------------------------------------------------- 23. TOTAL POSTPETITION LIABILITIES $ 0 $ 0 $0 - ------------------------------------------------------------------------------------- PREPETITION LIABILITIES - ------------------------------------------------------------------------------------- 24. SECURED DEBT $ 0 $ 0 $0 - ------------------------------------------------------------------------------------- 25. PRIORITY DEBT $ 0 $ 0 $0 - ------------------------------------------------------------------------------------- 26. UNSECURED DEBT ($16,740) ($16,740) $0 - ------------------------------------------------------------------------------------- 27. OTHER (ATTACH LIST) $ 0 $ 0 $0 - ------------------------------------------------------------------------------------- 28. TOTAL PREPETITION LIABILITIES $ 0 ($16,740) ($16,740) $0 - ------------------------------------------------------------------------------------- 29. TOTAL LIABILITIES $ 0 ($16,740) ($16,740) $0 - ------------------------------------------------------------------------------------- EQUITY - ------------------------------------------------------------------------------------- 30. PREPETITION OWNERS' EQUITY $ 38,956 $ 38,956 $0 - ------------------------------------------------------------------------------------- 31. POSTPETITION CUMULATIVE PROFIT OR (LOSS) ($1,780) ($1,780) $0 - ------------------------------------------------------------------------------------- 32. DIRECT CHARGES TO EQUITY (ATTACH EXPLANATION) - ------------------------------------------------------------------------------------- 33. TOTAL EQUITY $ 0 $ 37,176 $ 37,176 $0 - ------------------------------------------------------------------------------------- 34. TOTAL LIABILITIES & OWNERS' EQUITY $ 0 $ 20,436 $ 20,436 $0 - -------------------------------------------------------------------------------------
- -------------------------------------------------------------------------------- ================================================================================ Monthly Operating Report - -------------------------------------- CASE NAME: Flight One Logistics, Inc. ACCRUAL BASIS-2 - -------------------------------------- - -------------------------------------- CASE NUMBER: 400-42069-BJH 02/13/95, RWD, 2/96 - --------------------------------------
- -------------------------------------- INCOME STATEMENT - ---------------------------------------------------------------------------------------- MONTH MONTH MONTH QUARTER ------------------------------------ REVENUES January 2002 February 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 $0 $0 $0 $0 - ---------------------------------------------------------------------------------------- 10. SELLING & MARKETING $0 $0 $0 $0 - ---------------------------------------------------------------------------------------- 11. GENERAL & ADMINISTRATIVE $0 $0 $0 $0 - ---------------------------------------------------------------------------------------- 12. RENT & LEASE $0 $0 $0 $0 - ---------------------------------------------------------------------------------------- 13. OTHER (ATTACH LIST) $0 $0 $0 $0 - ---------------------------------------------------------------------------------------- 14. TOTAL OPERATING EXPENSES $0 $0 $0 $0 - ---------------------------------------------------------------------------------------- 15. INCOME BEFORE NON-OPERATING INCOME & EXPENSE $0 $0 $0 $0 - ---------------------------------------------------------------------------------------- OTHER INCOME & EXPENSES - ---------------------------------------------------------------------------------------- 16. NON-OPERATING INCOME (ATT. LIST) $0 $0 $0 $0 - ---------------------------------------------------------------------------------------- 17. NON-OPERATING EXPENSE (ATT. LIST) $0 $0 $0 $0 - ---------------------------------------------------------------------------------------- 18. INTEREST EXPENSE $0 $0 $0 $0 - ---------------------------------------------------------------------------------------- 19. DEPRECIATION / DEPLETION $0 $0 $0 $0 - ---------------------------------------------------------------------------------------- 20. AMORTIZATION $0 $0 $0 $0 - ---------------------------------------------------------------------------------------- 21. OTHER (ATTACH LIST) $0 $0 $0 $0 - ---------------------------------------------------------------------------------------- 22. NET OTHER INCOME & EXPENSES $0 $0 $0 $0 - ---------------------------------------------------------------------------------------- REORGANIZATION EXPENSES - ---------------------------------------------------------------------------------------- 23. PROFESSIONAL FEES $0 $0 $0 $0 - ---------------------------------------------------------------------------------------- 24. U.S. TRUSTEE FEES $0 $0 $0 $0 - ---------------------------------------------------------------------------------------- 25. OTHER (ATTACH LIST) $0 $0 $0 $0 - ---------------------------------------------------------------------------------------- 26. TOTAL REORGANIZATION EXPENSES $0 $0 $0 $0 - ---------------------------------------------------------------------------------------- 27. INCOME TAX $0 $0 $0 $0 - ---------------------------------------------------------------------------------------- 28. NET PROFIT (LOSS) $0 $0 $0 $0 - ----------------------------------------------------------------------------------------
================================================================================ - -------------------------------------------------------------------------------- Monthly Operating Report - -------------------------------------- CASE NAME: Flight One Logistics, Inc. ACCRUAL BASIS-3 - -------------------------------------- - -------------------------------------- CASE NUMBER: 400-42069-BJH 02/13/95, RWD, 2/96 - --------------------------------------
- ---------------------------------------------------------------------------------------- CASH RECEIPTS AND MONTH MONTH MONTH QUARTER ------------------------------------ DISBURSEMENTS January 2002 February 2002 TOTAL - ---------------------------------------------------------------------------------------- 1. CASH - BEGINNING OF MONTH $0 $0 $0 $0 - ---------------------------------------------------------------------------------------- RECEIPTS FROM OPERATIONS - ---------------------------------------------------------------------------------------- 2. CASH SALES $0 $0 $0 $0 - ---------------------------------------------------------------------------------------- COLLECTION OF ACCOUNTS RECEIVABLE - ---------------------------------------------------------------------------------------- 3. PREPETITION $0 $0 $0 $0 - ---------------------------------------------------------------------------------------- 4. POSTPETITION $0 $0 $0 $0 - ---------------------------------------------------------------------------------------- 5. TOTAL OPERATING RECEIPTS $0 $0 $0 $0 - ---------------------------------------------------------------------------------------- NON - OPERATING RECEIPTS - ---------------------------------------------------------------------------------------- 6. LOANS & ADVANCES (ATTACH LIST) $0 $0 $0 $0 - ---------------------------------------------------------------------------------------- 7. SALE OF ASSETS $0 $0 $0 $0 - ---------------------------------------------------------------------------------------- 8. OTHER (ATTACH LIST) $0 $0 $0 $0 - ---------------------------------------------------------------------------------------- 9. TOTAL NON-OPERATING RECEIPTS $0 $0 $0 $0 - ---------------------------------------------------------------------------------------- 10. TOTAL RECEIPTS $0 $0 $0 $0 - ---------------------------------------------------------------------------------------- 11. TOTAL CASH AVAILABLE $0 $0 $0 $0 - ---------------------------------------------------------------------------------------- OPERATING DISBURSEMENTS - ---------------------------------------------------------------------------------------- 12. NET PAYROLL $0 $0 $0 $0 - ---------------------------------------------------------------------------------------- 13. PAYROLL TAXES PAID $0 $0 $0 $0 - ---------------------------------------------------------------------------------------- 14. SALES, USE & OTHER TAXES PAID $0 $0 $0 $0 - ---------------------------------------------------------------------------------------- 15. SECURED/RENTAL/LEASES $0 $0 $0 $0 - ---------------------------------------------------------------------------------------- 16. UTILITIES $0 $0 $0 $0 - ---------------------------------------------------------------------------------------- 17. INSURANCE $0 $0 $0 $0 - ---------------------------------------------------------------------------------------- 18. INVENTORY PURCHASES $0 $0 $0 $0 - ---------------------------------------------------------------------------------------- 19. VEHICLE EXPENSES $0 $0 $0 $0 - ---------------------------------------------------------------------------------------- 20. TRAVEL $0 $0 $0 $0 - ---------------------------------------------------------------------------------------- 21. ENTERTAINMENT $0 $0 $0 $0 - ---------------------------------------------------------------------------------------- 22. REPAIRS & MAINTENANCE $0 $0 $0 $0 - ---------------------------------------------------------------------------------------- 23. SUPPLIES $0 $0 $0 $0 - ---------------------------------------------------------------------------------------- 24. ADVERTISING $0 $0 $0 $0 - ---------------------------------------------------------------------------------------- 25. OTHER (ATTACH LIST) $0 $0 $0 $0 - ---------------------------------------------------------------------------------------- 26. TOTAL OPERATING DISBURSEMENTS $0 $0 $0 $0 - ---------------------------------------------------------------------------------------- REORGANIZATION EXPENSES - ---------------------------------------------------------------------------------------- 27. PROFESSIONAL FEES $0 $0 $0 $0 - ---------------------------------------------------------------------------------------- 28. U.S. TRUSTEE FEES $0 $0 $0 $0 - ---------------------------------------------------------------------------------------- 29. OTHER (ATTACH LIST) $0 $0 $0 $0 - ---------------------------------------------------------------------------------------- 30. TOTAL REORGANIZATION EXPENSES $0 $0 $0 $0 - ---------------------------------------------------------------------------------------- 31. TOTAL DISBURSEMENTS $0 $0 $0 $0 - ---------------------------------------------------------------------------------------- 32. NET CASH FLOW $0 $0 $0 $0 - ---------------------------------------------------------------------------------------- 33. CASH - END OF MONTH $0 $0 $0 $0 - ----------------------------------------------------------------------------------------
================================================================================ - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- Monthly Operating Report - -------------------------------------- CASE NAME: Flight One Logistics, Inc. ACCRUAL BASIS-4 - -------------------------------------- - -------------------------------------- CASE NUMBER: 400-42069-BJH 02/13/95, RWD, 2/96 - --------------------------------------
- ---------------------------------------------------------------------------------------- MONTH MONTH MONTH SCHEDULE ------------------------------------ ACCOUNTS RECEIVABLE AGING AMOUNT January 2002 February 2002 - ---------------------------------------------------------------------------------------- 1. 0-30 $ 0 $ 0 $0 - ---------------------------------------------------------------------------------------- 2. 31-60 $ 0 $ 0 $0 - ---------------------------------------------------------------------------------------- 3. 61-90 $ 0 $ 0 $0 - ---------------------------------------------------------------------------------------- 4. 91+ $20,742 $20,742 $0 - ---------------------------------------------------------------------------------------- 5. TOTAL ACCOUNTS RECEIVABLE $0 $20,742 $20,742 $0 - ---------------------------------------------------------------------------------------- 6. AMOUNT CONSIDERED UNCOLLECTIBLE $ 0 $ 0 $0 - ---------------------------------------------------------------------------------------- 7. ACCOUNTS RECEIVABLE (NET) $0 $20,742 $20,742 $0 - ----------------------------------------------------------------------------------------
- ----------------------------------------- AGING OF POSTPETITION TAXES AND PAYABLES MONTH: February 2002 ---------------- - -------------------------------------------------------------------- 0-30 31-60 61-90 91+ TAXES PAYABLE DAYS DAYS DAYS DAYS TOTAL - -------------------------------------------------------------------- 1. FEDERAL $0 $0 $0 $0 $0 - -------------------------------------------------------------------- 2. STATE $0 $0 $0 $0 $0 - -------------------------------------------------------------------- 3. LOCAL $0 $0 $0 $0 $0 - -------------------------------------------------------------------- 4. OTHER (ATTACH LIST) $0 $0 $0 $0 $0 - -------------------------------------------------------------------- 5. TOTAL TAXES PAYABLE $0 $0 $0 $0 $0 - -------------------------------------------------------------------- - -------------------------------------------------------------------- 6. ACCOUNTS PAYABLE $0 $0 $0 $0 $0 - -------------------------------------------------------------------- - ------------------------------- STATUS OF POSTPETITION TAXES MONTH: February 2002 ---------------- - -------------------------------------------------------------------------------- BEGINNING AMOUNT ENDING TAX WITHHELD AND/ AMOUNT TAX FEDERAL LIABILITY* 0R ACCRUED PAID LIABILITY - -------------------------------------------------------------------------------- 1. WITHHOLDING** $0 $0 $0 $0 - -------------------------------------------------------------------------------- 2. FICA-EMPLOYEE** $0 $0 $0 $0 - -------------------------------------------------------------------------------- 3. FICA-EMPLOYER** $0 $0 $0 $0 - -------------------------------------------------------------------------------- 4. UNEMPLOYMENT $0 $0 $0 $0 - -------------------------------------------------------------------------------- 5. INCOME $0 $0 $0 $0 - -------------------------------------------------------------------------------- 6. OTHER (ATTACH LIST) $0 $0 $0 $0 - -------------------------------------------------------------------------------- 7. TOTAL FEDERAL TAXES $0 $0 $0 $0 - -------------------------------------------------------------------------------- STATE AND LOCAL - -------------------------------------------------------------------------------- 8. WITHHOLDING $0 $0 $0 $0 - -------------------------------------------------------------------------------- 9. SALES $0 $0 $0 $0 - -------------------------------------------------------------------------------- 10. EXCISE $0 $0 $0 $0 - -------------------------------------------------------------------------------- 11. UNEMPLOYMENT $0 $0 $0 $0 - -------------------------------------------------------------------------------- 12. REAL PROPERTY $0 $0 $0 $0 - -------------------------------------------------------------------------------- 13. PERSONAL PROPERTY $0 $0 $0 $0 - -------------------------------------------------------------------------------- 14. OTHER (ATTACH LIST) $0 $0 $0 $0 - -------------------------------------------------------------------------------- 15. TOTAL STATE & LOCAL $0 $0 $0 $0 - -------------------------------------------------------------------------------- 16. TOTAL TAXES $0 $0 $0 $0 - -------------------------------------------------------------------------------- * The beginning tax liability should represent the liability from the prior month or, if this is the first operating report, the amount should be zero. ** Attach photocopies of IRS Form 6123 or your FTD coupon and payment receipt to verify payment or deposit. - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- Monthly Operating Report - -------------------------------------- CASE NAME: Flight One Logistics, Inc. ACCRUAL BASIS-5 - -------------------------------------- - -------------------------------------- CASE NUMBER: 400-42069-BJH 02/13/95, RWD, 2/96 - -------------------------------------- The debtor in possession must complete the reconciliation below for each bank account, including all general, payroll and tax accounts, as well as all savings and investment accounts, money market accounts, certificates of deposit, government obligations, etc. Accounts with restricted funds should be identified by placing an asterisk next to the account number. Attach additional sheets if necessary.
MONTH: February 2002 ------------------------ - ------------------------------------- BANK RECONCILIATIONS Account #1 Account #2 Account #3 - ---------------------------------------------------------------------------------------- A. BANK: N/A - -------------------------------------------------------------------------------- B. ACCOUNT NUMBER: N/A TOTAL - -------------------------------------------------------------------------------- C. PURPOSE (TYPE): N/A - ---------------------------------------------------------------------------------------- 1. BALANCE PER BANK STATEMENT $0 - ---------------------------------------------------------------------------------------- 2. ADD: TOTAL DEPOSITS NOT CREDITED $0 - ---------------------------------------------------------------------------------------- 3. SUBTRACT: OUTSTANDING CHECKS $0 - ---------------------------------------------------------------------------------------- 4. OTHER RECONCILING ITEMS $0 - ---------------------------------------------------------------------------------------- 5. MONTH END BALANCE PER BOOKS $0 $0 $0 $0 - ---------------------------------------------------------------------------------------- 6. NUMBER OF LAST CHECK WRITTEN - ----------------------------------------------------------------------------------------
- ------------------------------------- INVESTMENT ACCOUNTS - ---------------------------------------------------------------------------------------- DATE OF TYPE OF PURCHASE CURRENT BANK, ACCOUNT NAME & NUMBER PURCHASE INSTRUMENT PRICE VALUE - ---------------------------------------------------------------------------------------- 7. N/A - ---------------------------------------------------------------------------------------- 8. N/A - ---------------------------------------------------------------------------------------- 9. N/A - ---------------------------------------------------------------------------------------- 10. N/A - ---------------------------------------------------------------------------------------- 11. TOTAL INVESTMENTS $0 $0 - ---------------------------------------------------------------------------------------- - ------------------------------------- CASH - ---------------------------------------------------------------------------------------- 12. CURRENCY ON HAND $0 - ---------------------------------------------------------------------------------------- - ---------------------------------------------------------------------------------------- 13. TOTAL CASH - END OF MONTH $0 - ----------------------------------------------------------------------------------------
- -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- Monthly Operating Report - -------------------------------------- CASE NAME: Flight One Logistics, Inc. ACCRUAL BASIS-6 - -------------------------------------- - -------------------------------------- CASE NUMBER: 400-42069-BJH 02/13/95, RWD, 2/96 - -------------------------------------- MONTH: February 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. N/A - ------------------------------------------------------- 2. N/A - ------------------------------------------------------- 3. N/A - ------------------------------------------------------- 4. N/A - ------------------------------------------------------- 5. N/A - ------------------------------------------------------- 6. TOTAL PAYMENTS TO INSIDERS $0 $0 - -------------------------------------------------------
- ---------------------------------------------------------------------------------------- PROFESSIONALS - ---------------------------------------------------------------------------------------- DATE OF COURT TOTAL ORDER AUTHORIZING AMOUNT AMOUNT TOTAL PAID INCURRED NAME PAYMENT APPROVED PAID TO DATE & UNPAID * - ---------------------------------------------------------------------------------------- 1. N/A - ---------------------------------------------------------------------------------------- 2. N/A - ---------------------------------------------------------------------------------------- 3. N/A - ---------------------------------------------------------------------------------------- 4. N/A - ---------------------------------------------------------------------------------------- 5. N/A - ---------------------------------------------------------------------------------------- 6. TOTAL PAYMENTS TO PROFESSIONALS $0 $0 $0 $0 - ----------------------------------------------------------------------------------------
* INCLUDE ALL FEES INCURRED, BOTH APPROVED AND UNAPPROVED - ---------------------------------------------------------------------------- POSTPETITION STATUS OF SECURED NOTES, LEASES PAYABLE AND ADEQUATE PROTECTION PAYMENTS - ---------------------------------------------------------------------------- - ---------------------------------------------------------------------------- SCHEDULED AMOUNTS MONTHLY PAID TOTAL PAYMENTS DURING UNPAID NAME OF CREDITOR DUE MONTH POSTPETITION - ---------------------------------------------------------------------------- 1. N/A - ---------------------------------------------------------------------------- 2. N/A - ---------------------------------------------------------------------------- 3. N/A - ---------------------------------------------------------------------------- 4. N/A - ---------------------------------------------------------------------------- 5. N/A - ---------------------------------------------------------------------------- 6. TOTAL $0 $0 $0 - ---------------------------------------------------------------------------- - ---------------------------------------------------------------------------- - -------------------------------------------------------------------------------- Monthly Operating Report - -------------------------------------- CASE NAME: Flight One Logistics, Inc. ACCRUAL BASIS-7 - -------------------------------------- - -------------------------------------- CASE NUMBER: 400-42069-BJH 02/13/95, RWD, 2/96 - -------------------------------------- MONTH: February 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. - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- - -------------------------- INSURANCE - -------------------------------------------------------------------------------- YES NO - -------------------------------------------------------------------------------- 1. ARE WORKER'S COMPENSATION, GENERAL LIABILITY AND OTHER NECESSARY INSURANCE COVERAGES IN EFFECT? X - -------------------------------------------------------------------------------- 2. ARE ALL PREMIUM PAYMENTS PAID CURRENT? X - -------------------------------------------------------------------------------- 3. PLEASE ITEMIZE POLICIES BELOW. - -------------------------------------------------------------------------------- IF THE ANSWER TO ANY OF THE ABOVE QUESTIONS IS "NO," OR IF ANY POLICIES HAVE BEEN CANCELLED OR NOT RENEWED DURING THIS REPORTING PERIOD, PROVIDE AN EXPLANATION BELOW. ATTACH ADDITIONAL SHEETS IF NECESSARY. This is a non-operating entity. There are no assets or employees with which to - -------------------------------------------------------------------------------- cover with insurance. - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- - ---------------------------------------------------- INSTALLMENT PAYMENTS - ---------------------------------------------------- TYPE OF PAYMENT AMOUNT POLICY CARRIER PERIOD COVERED & FREQUENCY - ---------------------------------------------------- N/A - ---------------------------------------------------- N/A - ---------------------------------------------------- N/A - ---------------------------------------------------- N/A - ---------------------------------------------------- N/A - ---------------------------------------------------- N/A - ---------------------------------------------------- - -------------------------------------------------------------------------------- ================================================================================ - -------------------------------------------- CASE NAME: Flight One Logistics, Inc. FOOTNOTES SUPPLEMENT - -------------------------------------------- - -------------------------------------------- CASE NUMBER: 400-42069-BJH ACCRUAL BASIS - -------------------------------------------- MONTH: February 2002 ----------------
- ---------------------------------------------------------------------------------------- ACCRUAL BASIS LINE FORM NUMBER NUMBER FOOTNOTE / EXPLANATION - ---------------------------------------------------------------------------------------- 6 All Professional fees related to the Reorganization of the - ---------------------------------------------------------------------------------------- Company are disbursed out of Kitty Hawk, Inc. (Parent - ---------------------------------------------------------------------------------------- Company). Refer to Case # 400-42141 - ---------------------------------------------------------------------------------------- - ---------------------------------------------------------------------------------------- General This is a non-operating Company. - ---------------------------------------------------------------------------------------- - ---------------------------------------------------------------------------------------- - ---------------------------------------------------------------------------------------- 4 6 All assessments of uncollectible accounts receivable are done - ---------------------------------------------------------------------------------------- at Kitty Hawk, Inc. Refer to Case #400-42141. All reserves - ---------------------------------------------------------------------------------------- are recorded at Inc. and pushed down to Inc.'s subsidiaries - ---------------------------------------------------------------------------------------- as deemed necessary. - ---------------------------------------------------------------------------------------- - ---------------------------------------------------------------------------------------- 3 28 All payments are made by Kitty Hawk, Inc. (Case #400-42141) - ---------------------------------------------------------------------------------------- - ---------------------------------------------------------------------------------------- - ---------------------------------------------------------------------------------------- - ---------------------------------------------------------------------------------------- - ---------------------------------------------------------------------------------------- - ---------------------------------------------------------------------------------------- - ---------------------------------------------------------------------------------------- - ---------------------------------------------------------------------------------------- - ---------------------------------------------------------------------------------------- - ---------------------------------------------------------------------------------------- - ---------------------------------------------------------------------------------------- - ---------------------------------------------------------------------------------------- - ---------------------------------------------------------------------------------------- - ---------------------------------------------------------------------------------------- - ---------------------------------------------------------------------------------------- - ---------------------------------------------------------------------------------------- - ---------------------------------------------------------------------------------------- - ----------------------------------------------------------------------------------------
================================================================================ CASE NAME: Flight One Logistics, Inc. CASE NUMBER: 400-42069-BJH Details of Other Items ACCRUAL BASIS-1 February 2002 8. OTHER (ATTACH LIST) $ (306) Reported ------ Intercompany Receivables (306) Detail ------ -- Difference -----END PRIVACY-ENHANCED MESSAGE-----