ATSG Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Revenue	1,962	2,071	2,045	1,734	1,571
Revenue Growth (YoY)	-5.25%	1.23%	17.94%	10.42%	8.15%
Cost of Revenue	1,237	1,338	1,209	1,034	929.96
Gross Profit	725.21	732.9	836.89	700.2	640.62
Selling, General & Admin	135.37	138.37	121.66	99.19	87.29
Other Operating Expenses	73.48	88.72	78.64	65.18	65
Operating Expenses	593.46	570.08	531.36	472.82	430.35
Operating Income	131.75	162.82	305.53	227.39	210.27
Interest Expense	-82.11	-74.84	-42.56	-55.5	-68.19
Interest & Investment Income	0.96	0.77	0.42	0.04	0.22
Earnings From Equity Investments	-2.17	-4.74	-7.61	-2.58	-13.59
Other Non Operating Income (Expenses)	2.2	0.24	4.72	20.18	-95.47
EBT Excluding Unusual Items	50.63	84.24	260.5	189.53	33.24
Merger & Restructuring Charges	-8.28	-	-	-	-
Asset Writedown	-	-	-	-	-39.08
Other Unusual Items	-	-	-	111.67	47.23
Pretax Income	42.34	84.24	260.5	301.21	41.39
Income Tax Expense	14.91	24.49	64.06	72.23	16.31
Earnings From Continuing Operations	27.43	59.75	196.44	228.98	25.08
Earnings From Discontinued Operations	-	0.58	2.14	2.44	7.04
Net Income	27.43	60.33	198.58	231.42	32.12
Net Income to Common	27.43	60.33	198.58	231.42	32.12
Net Income Growth	-54.52%	-69.62%	-14.19%	620.60%	-47.53%
Shares Outstanding (Basic)	65	69	74	69	59
Shares Outstanding (Diluted)	67	76	88	76	60
Shares Change (YoY)	-10.92%	-14.45%	15.89%	27.17%	-13.58%
EPS (Basic)	0.42	0.88	2.70	3.36	0.54
EPS (Diluted)	0.40	0.82	2.28	2.83	0.54
EPS Growth	-50.92%	-63.84%	-19.46%	427.01%	-32.22%
Free Cash Flow	201.81	-139.37	-127.31	78.81	1.89
Free Cash Flow Per Share	3.00	-1.84	-1.44	1.03	0.03
Gross Margin	36.96%	35.39%	40.91%	40.37%	40.79%
Operating Margin	6.71%	7.86%	14.94%	13.11%	13.39%
Profit Margin	1.40%	2.91%	9.71%	13.34%	2.04%
Free Cash Flow Margin	10.29%	-6.73%	-6.22%	4.54%	0.12%
EBITDA	518.7	507.65	638.11	546.14	499.91
EBITDA Margin	26.44%	24.52%	31.20%	31.49%	31.83%
D&A For EBITDA	386.95	344.84	332.59	318.76	289.65
EBIT	131.75	162.82	305.53	227.39	210.27
EBIT Margin	6.71%	7.86%	14.94%	13.11%	13.39%
Effective Tax Rate	35.21%	29.07%	24.59%	23.98%	39.41%

Updated Mar 3, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

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