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Air Transport Services Group, Inc., together with its subsidiaries, provides aircraft leasing, and air cargo transportation and related services in the United States and internationally. It operates in two segments, Cargo Aircraft Management Inc. (CAM) and ACMI Services. The company offers aircraft, flight crews, aircraft hull and liability insurance, and aviation fuel services; and aircraft maintenance and modification services, including airframe modification and heavy maintenance, component repairs, engineering services, and aircraft line maintenance. It also provides equipment maintenance services; cargo load transfer and package sorting services; crew training services; and airline express operation, line and heavy maintenance, and ground handling services. The company's ground support services include labor and management for cargo load transfer and sorting; design, installation, and maintenance of material handling equipment; leasing and maintenance of ground support equipment; general facilities maintenance; and resells aviation fuel at the air park in Wilmington, Ohio. Further, the company operates cargo and passenger transportation business; resells and brokers aircraft parts; and performs passenger-to-freighter and passenger-to-combi conversions of aircraft. It provides its services to delivery companies, freight forwarders, airlines, air transportation, e-commerce, package delivery, and logistics industries, as well as government customers. As of December 31, 2023, the company's in-service aircraft fleet consisted of 107 owned Boeing aircraft, three Airbus aircraft, and 20 leased aircraft. The company was formerly known as ABX Holdings, Inc. and changed its name to Air Transport Services Group, Inc. Air Transport Services Group, Inc. was founded in 1980 and is headquartered in Wilmington, Ohio.
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| Breakdown | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
| Income before tax | 260.50M | 260.50M | 301.20M | 41.39M | 87.48M |
| Net income | 198.58M | 231.42M | 231.42M | 25.08M | 69.28M |
| Selling general administrative | 9.67M | 9.67M | 12.59M | 9.90M | 6.11M |
| Gross profit | 485.77M | 485.77M | 373.93M | 350.52M | 190.44M |
| Reconciled depreciation | 355.85M | 341.85M | 310.32M | 285.35M | 204.56M |
| Ebit | -57.51M | -57.51M | -11.83M | -66.19M | -90.31M |
| Ebitda | 298.34M | 298.34M | 330.02M | 244.13M | 114.25M |
| Depreciation and amortization | 355.85M | 355.85M | 341.85M | 310.32M | 204.56M |
| Non operating income net other | 21.88M | -20.03M | -165.00M | -105.42M | -23.54M |
| Operating income | 285.48M | -57.51M | -11.83M | -66.19M | 111.02M |
| Other operating expenses | 1759.99M | 1759.99M | 1413.05M | 1325.11M | 776.06M |
| Interest expense | 46.86M | 46.86M | 58.79M | 62.89M | 28.80M |
| Tax provision | 64.06M | 72.22M | 16.31M | 11.59M | 19.59M |
| Interest income | 0.41M | 0.04M | 0.22M | 0.37M | 0.25M |
| Net interest income | -46.45M | -65.26M | -62.67M | -66.27M | -28.55M |
| Extraordinary items | - | - | - | 1.22M | 1.40M |
| Non recurring | - | - | -39.08M | -0.37M | -5.26M |
| Income tax expense | 64.06M | 64.06M | 72.22M | 16.31M | 19.59M |
| Total revenue | 2045.47M | 2045.47M | 1734.28M | 1570.58M | 892.35M |
| Total operating expenses | 200.29M | 200.29M | 52.70M | 105.05M | 74.16M |
| Cost of revenue | 1559.69M | 1559.69M | 1360.36M | 1220.06M | 701.90M |
| Total other income expense net | 21.46M | 318.01M | 313.04M | 107.58M | -0.26M |
| Discontinued operations | 2.14M | 2.44M | 7.04M | 1.22M | 1.40M |
| Net income from continuing ops | 196.44M | 228.98M | 25.08M | 59.98M | 67.88M |
| Net income applicable to common shares | 198.58M | 231.42M | 32.12M | 61.20M | 69.28M |
| Breakdown | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
| Total assets | 4005.16M | 3589.89M | 3589.89M | 3267.34M | 3001.74M |
| Intangible assets | 86.45M | 492.64M | 614.28M | 636.61M | 659.33M |
| Other current assets | 26.63M | 31.96M | 31.96M | 28.74M | 39.10M |
| Total liab | 2636.46M | 2177.39M | 2177.39M | 1944.96M | 2146.25M |
| Total stockholder equity | 1368.70M | 1412.51M | 1412.51M | 1322.38M | 855.50M |
| Deferred long term liab | - | 255.18M | - | - | - |
| Other current liab | 67.43M | 68.96M | 68.96M | 71.60M | 75.51M |
| Common stock | 0.65M | 0.72M | 0.72M | 0.74M | 0.60M |
| Capital stock | 0.65M | 0.72M | 0.74M | 0.60M | 0.59M |
| Retained earnings | 589.21M | 528.88M | 528.88M | 309.43M | 78.01M |
| Other liab | - | 354.07M | 289.20M | 327.80M | 596.59M |
| Good will | 395.97M | - | 395.97M | 516.29M | 527.65M |
| Other assets | - | 183.40M | 216.79M | 272.94M | 204.51M |
| Cash | 53.55M | 27.13M | 27.13M | 69.50M | 39.72M |
| Total current liabilities | 400.19M | 307.46M | 307.46M | 312.63M | 301.99M |
| Current deferred revenue | 30.23M | 21.55M | 21.55M | 47.38M | 53.52M |
| Net debt | 1763.88M | 1512.68M | 1512.68M | 1293.04M | 1508.27M |
| Short term debt | 74.88M | 23.95M | 23.95M | 19.41M | 31.53M |
| Short long term debt | 54.71M | 0.64M | 0.63M | 13.75M | 14.71M |
| Short long term debt total | 1817.44M | 1539.82M | 1539.82M | 1362.53M | 1547.99M |
| Other stockholder equity | 836.27M | 986.30M | 986.30M | 1074.29M | 855.55M |
| Property plant equipment | - | 2402.41M | 2192.58M | 1939.78M | 1766.02M |
| Total current assets | 345.70M | 418.48M | 418.48M | 352.84M | 272.74M |
| Long term investments | - | - | - | - | 10.90M |
| Net tangible assets | - | 919.86M | 817.25M | -177.08M | -594.97M |
| Net receivables | 215.58M | 301.62M | 301.62M | 205.40M | 153.51M |
| Long term debt | 1707.57M | 1464.29M | 1298.73M | 1465.33M | 1469.68M |
| Inventory | 49.94M | 57.76M | 57.76M | 49.20M | 40.41M |
| Accounts payable | 227.65M | 192.99M | 192.99M | 174.24M | 141.43M |
| Accumulated other comprehensive income | -57.43M | -103.40M | -103.40M | -62.08M | -78.66M |
| Common stock total equity | - | 0.72M | 0.74M | 0.60M | 0.59M |
| Retained earnings total equity | - | 528.88M | 309.43M | 78.01M | 45.90M |
| Non currrent assets other | 156.43M | 122.65M | -52.88M | 216.79M | 204.12M |
| Non current assets total | 3659.46M | 3171.42M | 3171.42M | 2914.49M | 2729.01M |
| Capital lease obligations | 55.16M | 74.89M | 63.17M | 68.91M | 43.19M |
| Long term debt total | - | 1464.29M | 1298.73M | 1465.33M | 1469.68M |
| Breakdown | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
| Investments | -711.65M | -600.06M | -2.15M | -13.33M | -24.36M |
| Change to liabilities | - | -29.89M | 6.55M | 9.08M | 6.04M |
| Total cashflows from investing activities | - | -600.06M | -487.48M | -499.17M | -467.06M |
| Net borrowings | - | 142.37M | -192.31M | -16.89M | 59.44M |
| Total cash from financing activities | 138.27M | 85.58M | 85.58M | -66.30M | -19.62M |
| Change to operating activities | - | -11.19M | -22.36M | -37.46M | 3.71M |
| Net income | 59.75M | 198.58M | 198.58M | 231.42M | 32.12M |
| Change in cash | 26.42M | -42.36M | -42.36M | 29.78M | -6.48M |
| Begin period cash flow | 27.13M | 69.50M | 69.50M | 39.72M | 46.20M |
| End period cash flow | 53.55M | 27.13M | 27.13M | 69.50M | 39.72M |
| Total cash from operating activities | 654.08M | 472.12M | 472.12M | 583.56M | 512.30M |
| Depreciation | 342.99M | 355.85M | 355.85M | 341.85M | 310.32M |
| Other cashflows from investing activities | - | 15.91M | 19.43M | 24.58M | 10.80M |
| Dividends paid | 0.00M | 0.00M | 339.37M | 497.27M | - |
| Change to inventory | 12.00M | -18.98M | -18.98M | -3.12M | -27.82M |
| Change to account receivables | 79.19M | -96.22M | -96.22M | -51.89M | 9.36M |
| Sale purchase of stock | -155.35M | -53.87M | -53.87M | -2.73M | -2.44M |
| Other cashflows from financing activities | -12.50M | -4.72M | 336.51M | 500.00M | 672.20M |
| Change to netincome | - | 13.16M | 43.69M | 55.78M | 61.84M |
| Capital expenditures | 793.45M | 599.43M | 599.43M | 504.75M | 510.42M |
| Change receivables | - | -96.22M | -51.89M | 9.36M | -14.55M |
| Cash flows other operating | - | 229.22M | 190.35M | 93.99M | 68.25M |
| Cash and cash equivalents changes | - | -42.36M | 29.78M | -6.48M | -13.12M |
| Change in working capital | 179.56M | -146.77M | -146.77M | -53.99M | -13.42M |
| Stock based compensation | 8.52M | 8.34M | 7.39M | 7.48M | 7.00M |
| Other non cash items | 46.74M | 1.26M | 1.26M | -13.65M | 157.32M |
| Free cash flow | -139.37M | -127.31M | -127.31M | 78.81M | 1.89M |
Sector: Industrials Industry: Airlines
|
Stock Name
|
Change
(USD) |
Price
(USD) |
Trailing
PE (x) |
Forward
PE (x) |
Price Sales
TTM (x) |
Price to Book Value (x)
|
Enterprise Value
to Revenue (x) |
Enterprise Value
to EBITDA (x) |
|---|---|---|---|---|---|---|---|---|
| DAL Delta Air Lines Inc |
-2.53 2.77% |
88.79 | 10.39 | 12.61 | 0.71 | 2.30 | 0.95 | 9.84 |
| UAL United Airlines Holdings Inc |
-4.13 3.49% |
114.24 | 10.20 | 6.99 | 0.55 | 2.12 | 0.83 | 9.39 |
| RYAOF Ryanair Holdings PLC |
- -% |
29.57 | 14.55 | 14.64 | 2.01 | 2.79 | 1.31 | 5.72 |
| RYAAY Ryanair Holdings PLC ADR |
-1.22 2.05% |
58.21 | 12.80 | 13.18 | 1.73 | 2.50 | 1.31 | 5.72 |
Air Transport Services Group, Inc., together with its subsidiaries, provides aircraft leasing, and air cargo transportation and related services in the United States and internationally. It operates in two segments, Cargo Aircraft Management Inc. (CAM) and ACMI Services. The company offers aircraft, flight crews, aircraft hull and liability insurance, and aviation fuel services; and aircraft maintenance and modification services, including airframe modification and heavy maintenance, component repairs, engineering services, and aircraft line maintenance. It also provides equipment maintenance services; cargo load transfer and package sorting services; crew training services; and airline express operation, line and heavy maintenance, and ground handling services. The company's ground support services include labor and management for cargo load transfer and sorting; design, installation, and maintenance of material handling equipment; leasing and maintenance of ground support equipment; general facilities maintenance; and resells aviation fuel at the air park in Wilmington, Ohio. Further, the company operates cargo and passenger transportation business; resells and brokers aircraft parts; and performs passenger-to-freighter and passenger-to-combi conversions of aircraft. It provides its services to delivery companies, freight forwarders, airlines, air transportation, e-commerce, package delivery, and logistics industries, as well as government customers. As of December 31, 2023, the company's in-service aircraft fleet consisted of 107 owned Boeing aircraft, three Airbus aircraft, and 20 leased aircraft. The company was formerly known as ABX Holdings, Inc. and changed its name to Air Transport Services Group, Inc. Air Transport Services Group, Inc. was founded in 1980 and is headquartered in Wilmington, Ohio.
| Name | Title | Year Born |
|---|---|---|
| Mr. Joseph C. Hete | Chairman | 1955 |
| Mr. Richard F. Corrado | Pres, CEO & Director | 1960 |
| Mr. Quint O. Turner | Chief Financial Officer | 1963 |
| Mr. Edward J. Koharik III | Chief Operating Officer | 1971 |
| Mr. W. Joseph Payne | Chief Legal Officer & Sec. | 1964 |
| Mr. Michael L. Berger | Chief Strategy Officer | 1962 |
| Mr. Edward Russell Smethwick | VP of Corp. Devel. | NA |
| Ms. Deborah A. Loveless | VP of Human Capital | NA |
| Mr. Paul Chase | Chief Commercial Officer | NA |
| Mr. Matthew E. Fedders | VP & Corp. Controller | NA |
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