Air Transport Services Group, Inc. (ATSG)

ATSG Income Statement

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

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Jun 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Revenue	2,014	2,071	2,045	1,734	1,571	1,452
Revenue Growth (YoY)	-3.19%	1.23%	17.94%	10.42%	8.15%	62.74%
Cost of Revenue	1,318	1,338	1,209	1,034	929.96	859.37
Gross Profit	696.36	732.9	836.89	700.2	640.62	592.81
Selling, General & Admin	140.29	138.37	121.66	99.19	87.29	98.34
Other Operating Expenses	84.01	88.72	78.64	65.18	65	68.98
Operating Expenses	582.12	570.08	531.36	472.82	430.35	424.85
Operating Income	114.24	162.82	305.53	227.39	210.27	167.97
Interest Expense	-84.45	-74.84	-42.56	-55.5	-68.19	-76.64
Interest & Investment Income	0.83	0.77	0.42	0.04	0.22	0.37
Earnings From Equity Investments	-3.56	-4.74	-7.61	-2.58	-13.59	-17.45
Other Non Operating Income (Expenses)	4.06	0.24	4.72	20.18	-95.47	-2.3
EBT Excluding Unusual Items	31.12	84.24	260.5	189.53	33.24	71.95
Merger & Restructuring Charges	-	-	-	-	-	-0.37
Asset Writedown	-	-	-	-	-39.08	-
Other Unusual Items	-	-	-	111.67	47.23	-
Pretax Income	31.12	84.24	260.5	301.21	41.39	71.57
Income Tax Expense	13.48	24.49	64.06	72.23	16.31	11.59
Earnings From Continuing Operations	17.63	59.75	196.44	228.98	25.08	59.98
Earnings From Discontinued Operations	0.58	0.58	2.14	2.44	7.04	1.22
Net Income	18.21	60.33	198.58	231.42	32.12	61.2
Net Income to Common	18.21	60.33	198.58	231.42	32.12	61.2
Net Income Growth	-88.01%	-69.62%	-14.19%	620.60%	-47.53%	-11.67%
Shares Outstanding (Basic)	66	69	74	69	59	59
Shares Outstanding (Diluted)	69	76	88	76	60	69
Shares Change (YoY)	-18.78%	-14.45%	15.89%	27.17%	-13.58%	1.45%
EPS (Basic)	0.28	0.88	2.70	3.36	0.54	1.04
EPS (Diluted)	0.28	0.82	2.28	2.83	0.54	0.79
EPS Growth	-84.83%	-63.85%	-19.46%	427.01%	-32.22%	-12.82%
Free Cash Flow	-44.31	-139.37	-127.31	78.81	1.89	-56.56
Free Cash Flow Per Share	-0.65	-1.84	-1.44	1.03	0.03	-0.82
Gross Margin	34.57%	35.40%	40.91%	40.37%	40.79%	40.82%
Operating Margin	5.67%	7.86%	14.94%	13.11%	13.39%	11.57%
Profit Margin	0.90%	2.91%	9.71%	13.34%	2.04%	4.21%
Free Cash Flow Margin	-2.20%	-6.73%	-6.22%	4.54%	0.12%	-3.90%
EBITDA	464.79	507.65	638.11	546.14	499.91	436.14
EBITDA Margin	23.08%	24.52%	31.20%	31.49%	31.83%	30.03%
D&A For EBITDA	350.55	344.84	332.59	318.76	289.65	268.18
EBIT	114.24	162.82	305.53	227.39	210.27	167.97
EBIT Margin	5.67%	7.86%	14.94%	13.11%	13.39%	11.57%
Effective Tax Rate	43.33%	29.07%	24.59%	23.98%	39.41%	16.19%

Source: S&P Capital IQ. Standard template. Financial Sources.