For the quarter ending 2025-12-31, AIRTP had $24,392K increase in cash & cash equivalents over the period. -$19,279K in free cash flow.
| Cash Flow | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 |
|---|---|---|---|---|
| Employee retention credit receivable | - | - | - | 0 |
| Total adjustments | - | - | - | -22,419 |
| Net income | -2,001 | 5,033 | -671 | -5,411 |
| Depreciation and amortization | 1,585 | 827 | 1,284 | 4,356 |
| Income from equity method investments | 4,233 | 4,179 | -19 | 1,700 |
| Gain on sale of aircraft | 0 | 7,034 | - | - |
| Other | -2,949 | 606 | -440 | -2,369 |
| Accounts receivable | 7,299 | -5,863 | 653 | 1,808 |
| Inventories | 4,576 | 6,691 | 1,356 | -20,630 |
| Accounts payable | 228 | -2,158 | 133 | 2,710 |
| Accrued expenses | -6,892 | 1,411 | 3,817 | 1,087 |
| Other current assets | -2,690 | 731 | 2,821 | - |
| Inventory write-down | - | - | - | 1,463 |
| Other | 947 | -2,856 | 1,287 | 200 |
| Net cash (used in) provided by operating activities | -18,496 | -5,409 | -1,095 | 23,496 |
| Investment in unconsolidated entities | 4,036 | 4,728 | 2,037 | 7,027 |
| Distribution from unconsolidated entities | 2,329 | 902 | 848 | 6,030 |
| Capital expenditures related to property & equipment | 783 | 213 | 231 | 1,081 |
| Capital expenditures related to assets on lease or held for lease | 0 | 0 | - | 14,598 |
| Proceeds from sale of aircraft | 0 | 19,889 | - | - |
| Loan advances to bloomia | 0 | 1,100 | - | - |
| Proceeds from notes receivable - cam and bloomia | 367 | 2,173 | - | - |
| Acquisition of businesses, net cash acquired | 5,212 | -18 | 1,180 | - |
| Disbursements for note receivable - lendway | - | - | - | 3,750 |
| Other | -392 | 281 | 124 | -237 |
| Net cash provided by (used in) investing activities | -6,943 | 16,660 | -2,724 | -20,189 |
| Payments on term loan | - | 9,286 | 1,752 | 35,040 |
| Proceeds from lines of credit | 30,623 | 44,269 | 35,966 | 136,515 |
| Payments on lines of credit | 28,277 | 40,672 | 32,201 | 131,376 |
| Proceeds from term loan | 55,420 | 0 | 10,850 | 24,877 |
| Payments on term loan-Nonrelated Party | 14,667 | - | - | - |
| Payments on term loan-Related Party | 3,293 | - | - | - |
| Proceeds from issuance of trust preferred securities ('trups') | 56 | - | - | 910 |
| Distribution to non-controlling interest | 493 | 3,132 | - | - |
| Repurchase of common stock | - | - | - | 1,445 |
| Other | -406 | -10 | -286 | 758 |
| Net cash provided by financing activities | 50,001 | -8,831 | 12,577 | -4,801 |
| Effect of foreign currency exchange rates on cash and cash equivalents | -170 | 145 | -292 | 408 |
| Net increase in cash and cash equivalents and restricted cash | 24,392 | 2,565 | 8,466 | -1,086 |
| Cash and cash equivalents at beginning of period | 17,788 | 6,757 | - | - |
| Cash and cash equivalents at end of period | 42,180 | 17,788 | - | - |
AIR T INC (AIRTP)
AIR T INC (AIRTP)