Air T, Inc.
Cash Flow Statement
| Line Item | FY2018 | FY2017 | FY2016 | FY2015 | FY2014 | FY2013 | FY2012 | FY2011 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $2.3M | $-3.2M | $4.4M | $2.5M | $1.5M | $1.7M | $1.4M | $2.1M |
| Depreciation & Amortization | $2.4M | $3.2M | $1.3M | $856.9K | $752.4K | $532.8K | $364.2K | $365.9K |
| Depreciation | — | — | — | — | — | — | — | — |
| Amortization | $323.0K | $105.0K | $51.0K | $0 | — | — | — | — |
| Stock-Based Compensation | — | — | $29.3K | $9.0K | $23.2K | $13.0K | $1.5K | $4.8K |
| Net Cash from Operating Activities | $-277.8K | $-7.6M | $3.2M | $6.8M | $-554.6K | $4.4M | $-752.3K | $-4.5M |
| Investing Activities | ||||||||
| Capital Expenditures | $2.1M | $2.3M | $1.2M | $799.7K | $1.3M | $375.0K | $1.0M | $255.5K |
| Business Acquisitions | $2.4M | $4.6M | $-78.0K | — | — | — | — | — |
| Net Cash from Investing Activities | $-27.0M | $-3.7M | $-5.3M | $-2.0M | $-2.7M | $-367.0K | $-905.5K | $2.1M |
| Financing Activities | ||||||||
| Dividends Paid | — | — | — | — | $733.9K | $611.6K | $611.6K | $802.3K |
| Stock Repurchases | — | $7.9M | — | — | $1.1M | — | — | — |
| Net Cash from Financing Activities | $28.7M | $8.7M | $-6.0M | $5.0M | $-2.2M | $-611.6K | $-547.6K | $-815.1K |
| Net Change in Cash | $2.0M | $-2.6M | $-8.0M | $9.9M | $-5.4M | $3.4M | $-700.9K | $-3.3M |
| Free Cash Flow | $-2.4M | $-9.9M | $2.0M | $6.0M | $-1.8M | $4.0M | $-1.8M | $-4.8M |