Air Transport Services Group, Inc.
ATSGDelisted Apr 11, 2025- Industry
- Air Courier Services
- SEC CIK
- 0000894081
Air Transport Services Group, Inc. was delisted on Apr 11, 2025; its insiders filed their last Form 4 on Apr 15, 2025; 193 institutions reported holding it in 13F filings for Q1 2025, worth $1.52B in total; Soros Fund Management was the only superinvestor holding it.
- Currency
- USD
- Source
- SEC XBRL data (10-K, 10-Q, 20-F, 40-F)
- Updated
- Oct 8, 2026, 11:51 AM ET
Revenue flow, FY2024
Where the revenue went in FY2024, from the income statement below. Green is profit; orange is costs, expenses and taxes. Percentages are shares of revenue; hover over a band or a bar for the exact amount.
Income statement
Each column is one fiscal year, newest first.
| Line item | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|
| Period end | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 |
| Filing | 10-K | 10-K | 10-K | 10-K | 10-K |
| Reported | Jan 27, 2025 | Feb 27, 2024 | Feb 6, 2023 | Feb 24, 2022 | Feb 25, 2021 |
| Revenue | $1.96B | $2.07B | $2.05B | $1.73B | $1.57B |
| Operating expenses | – | – | – | $1.41B | $1.36B |
| Operating income | $127.8M | $199.8M | $285.5M | $321.2M | $206.4M |
| Interest expense | – | $72.7M | $46.9M | $58.8M | $62.9M |
| Income tax | $14.9M | $24.5M | $64.1M | $72.2M | $16.3M |
| Net income | $27.4M | $60.3M | $198.6M | $231.4M | $32.1M |
| EPS, basic | $0.42 | $0.88 | $2.70 | $3.36 | $0.54 |
| EPS, diluted | $0.40 | $0.82 | $2.28 | $2.83 | $0.54 |
| Weighted shares, basic | 65.0M | 68.6M | 73.6M | 68.9M | 59.1M |
| Weighted shares, diluted | 67.3M | 75.6M | 88.3M | 76.2M | 59.9M |
| Margins and growth | |||||
| Operating margin | 6.5% | 9.7% | 14.0% | 18.5% | 13.1% |
| Net margin | 1.4% | 2.9% | 9.7% | 13.3% | 2.0% |
| Revenue growth, year over year | −5.2% | +1.2% | +17.9% | +10.4% | +8.2% |
| Net income growth, year over year | −54.5% | −69.6% | −14.2% | +620.6% | −47.5% |
Balance sheet
Each column is one fiscal year, newest first.
| Line item | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|
| Period end | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 |
| Filing | 10-K | 10-K | 10-K | 10-K | 10-K |
| Reported | Jan 27, 2025 | Feb 27, 2024 | Feb 6, 2023 | Feb 24, 2022 | Feb 25, 2021 |
| Accounts receivable | $208.3M | $215.6M | $301.6M | $205.4M | $153.5M |
| Inventory | $49.9M | $49.9M | $57.8M | $49.2M | $40.4M |
| Total current assets | $351.6M | $345.7M | $418.5M | $352.8M | $272.7M |
| Property, plant and equipment | $2.75B | $2.82B | $2.40B | $2.13B | $1.94B |
| Goodwill | $396.0M | $396.0M | $396.0M | $396.0M | $396.0M |
| Intangible assets | $71.3M | $86.5M | $96.7M | $109.2M | $120.3M |
| Total assets | $3.89B | $3.88B | $3.59B | $3.27B | $3.00B |
| Accounts payable | $236.9M | – | – | – | – |
| Short-term debt | $661.0K | $54.7M | $639.0K | $628.0K | $13.7M |
| Total current liabilities | $359.2M | $400.2M | $307.5M | $312.6M | $302.0M |
| Long-term debt | $1.55B | $1.71B | $1.46B | $1.30B | $1.47B |
| Total liabilities | $2.41B | $2.51B | $2.18B | $1.94B | $2.15B |
| Shareholders' equity | $1.48B | $1.37B | $1.41B | $1.32B | $855.5M |
Cash flow statement
Each column is one fiscal year, newest first. Free cash flow is operating cash flow minus capital expenditures.
| Line item | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|
| Period end | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 |
| Filing | 10-K | 10-K | 10-K | 10-K | 10-K |
| Reported | Jan 27, 2025 | Feb 27, 2024 | Feb 6, 2023 | Feb 24, 2022 | Feb 25, 2021 |
| Operating cash flow | $532.8M | $654.1M | $472.1M | $583.6M | $512.3M |
| Capital expenditures | $331.0M | $793.4M | $599.4M | $504.7M | $510.4M |
| Free cash flow | $201.8M | -$139.4M | -$127.3M | $78.8M | $1.89M |
| Depreciation and amortization | $415.6M | $363.5M | $355.8M | $341.8M | $310.3M |
| Stock-based compensation | $9.73M | $8.52M | $8.34M | $7.39M | $7.48M |
| Share buybacks | $0 | $155.3M | $53.9M | – | $0 |
| Investing cash flow | -$304.7M | -$765.9M | -$600.1M | -$487.5M | -$499.2M |
| Financing cash flow | -$221.1M | $138.3M | $85.6M | -$66.3M | -$19.6M |
| Net change in cash | $7.02M | – | – | $29.8M | -$6.48M |
| Ratio | |||||
| Stock-based compensation, % of revenue | 0.5% | 0.4% | 0.4% | 0.4% | 0.5% |
Shares outstanding
Common shares outstanding as stated on the cover of each 10-K and 10-Q. The date is the cover date, not the period end; a rising count means dilution.
| Cover date | Shares outstanding | Change in a year | Filing |
|---|---|---|---|
| Apr 10, 2025 | 66.2M | +0.8% | SEC |
| Mar 3, 2025 | 65.9M | +0.3% | SEC |
| Nov 8, 2024 | 65.8M | +0.7% | SEC |
| Aug 9, 2024 | 65.8M | −7.1% | SEC |
| May 9, 2024 | 65.7M | −8.2% | SEC |
| Feb 29, 2024 | 65.7M | −8.8% | SEC |
| Nov 9, 2023 | 65.3M | −10.3% | SEC |
| Aug 7, 2023 | 70.8M | −4.8% | SEC |
Notes and known gaps
How these numbers are put together, and what they can't tell you.
- Numbers come from the XBRL data in each period's original 10-K, 10-Q, 20-F or 40-F, or its amendment. They are shown as filed: later filings don't restate earlier periods here.
- Reported is the filing date of the first 8-K with Item 2.02 (results of operations) after the period ended, no later than the 10-Q or 10-K and within 120 days. Companies that release results only in the 10-Q, and foreign companies, which use Form 6-K, have none.
Known gaps
- Foreign companies that file Form 20-F or 40-F have annual statements only: their quarterly results are furnished on Form 6-K, which has no XBRL data.
- EPS and share counts are as reported at the time, not adjusted for later stock splits.
- For ADRs, EPS is per ordinary share, not per ADS (one TSMC ADS is five ordinary shares).
- For banks, revenue may be interest income only, depending on how the bank tags its filings; cost of revenue and gross profit are usually blank.
- Companies with several share classes, such as Berkshire Hathaway, may have no EPS and no cover share count.
- Depreciation and amortization is missing for some companies that report it under their own XBRL tags.