$SKAS
Saker Aviation Services, Inc.

2013 Q2 Form 10-Q Financial Statement

#000114420413044636 Filed on August 12, 2013

View on sec.gov

Income Statement

Concept 2013 Q2 2012 Q2
Revenue $4.008M $4.864M
YoY Change -17.6% 6.44%
Cost Of Revenue $1.982M $2.726M
YoY Change -27.31% 17.51%
Gross Profit $2.027M $2.138M
YoY Change -5.22% -5.4%
Gross Profit Margin 50.56% 43.95%
Selling, General & Admin $1.466M $1.581M
YoY Change -7.26% -8.62%
% of Gross Profit 72.35% 73.94%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $120.0K $100.0K
YoY Change 20.0% 0.0%
% of Gross Profit 5.92% 4.68%
Operating Expenses $1.466M $1.581M
YoY Change -7.26% -8.62%
Operating Profit $560.3K $557.2K
YoY Change 0.57% 5.12%
Interest Expense $30.39K $37.09K
YoY Change -18.04% -223.62%
% of Operating Profit 5.42% 6.66%
Other Income/Expense, Net -$22.28K -$27.74K
YoY Change -19.67% -155.47%
Pretax Income $538.0K $529.4K
YoY Change 1.63% -3.74%
Income Tax -$317.0K $260.0K
% Of Pretax Income -58.92% 49.11%
Net Earnings $234.5K $270.0K
YoY Change -13.14% -3.57%
Net Earnings / Revenue 5.85% 5.55%
Basic Earnings Per Share
Diluted Earnings Per Share $198.3K $225.0K
COMMON SHARES
Basic Shares Outstanding 33.05M shares 33.04M shares
Diluted Shares Outstanding 34.75M shares 34.44M shares

Balance Sheet

Concept 2013 Q2 2012 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $180.0K $800.0K
YoY Change -77.5% -20.0%
Cash & Equivalents
Short-Term Investments
Other Short-Term Assets $750.0K $370.0K
YoY Change 102.7% -46.38%
Inventory $310.7K $280.0K
Prepaid Expenses
Receivables $1.992M $1.560M
Other Receivables $110.0K $100.0K
Total Short-Term Assets $3.345M $3.120M
YoY Change 7.2% -15.45%
LONG-TERM ASSETS
Property, Plant & Equipment $2.649M $2.420M
YoY Change 9.45% -6.2%
Goodwill $2.368M
YoY Change
Intangibles $135.0K
YoY Change
Long-Term Investments
YoY Change
Other Assets $180.0K $200.0K
YoY Change -10.0% -68.25%
Total Long-Term Assets $5.467M $5.370M
YoY Change 1.82% -11.53%
TOTAL ASSETS
Total Short-Term Assets $3.345M $3.120M
Total Long-Term Assets $5.467M $5.370M
Total Assets $8.812M $8.490M
YoY Change 3.79% -13.01%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $861.3K $790.0K
YoY Change 9.03% 27.42%
Accrued Expenses $574.6K $370.0K
YoY Change 55.3% -43.08%
Deferred Revenue
YoY Change
Short-Term Debt $300.0K $620.0K
YoY Change -51.61% 24.0%
Long-Term Debt Due $780.0K $550.0K
YoY Change 41.82% -42.71%
Total Short-Term Liabilities $2.661M $2.460M
YoY Change 8.16% -17.17%
LONG-TERM LIABILITIES
Long-Term Debt $640.0K $1.480M
YoY Change -56.76% 322.86%
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $640.0K $1.480M
YoY Change -56.76% 322.86%
TOTAL LIABILITIES
Total Short-Term Liabilities $2.661M $2.460M
Total Long-Term Liabilities $640.0K $1.480M
Total Liabilities $3.694M $3.940M
YoY Change -6.24% -33.33%
SHAREHOLDERS EQUITY
Retained Earnings -$14.82M
YoY Change
Common Stock $19.94M
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $5.118M $4.550M
YoY Change
Total Liabilities & Shareholders Equity $8.812M $8.490M
YoY Change 3.79% -13.01%

Cashflow Statement

Concept 2013 Q2 2012 Q2
OPERATING ACTIVITIES
Net Income $234.5K $270.0K
YoY Change -13.14% -3.57%
Depreciation, Depletion And Amortization $120.0K $100.0K
YoY Change 20.0% 0.0%
Cash From Operating Activities $230.0K $440.0K
YoY Change -47.73% -269.23%
INVESTING ACTIVITIES
Capital Expenditures -$140.0K -$20.00K
YoY Change 600.0% -84.62%
Acquisitions
YoY Change
Other Investing Activities $30.00K $30.00K
YoY Change 0.0% -50.0%
Cash From Investing Activities -$110.0K $0.00
YoY Change -100.0%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -120.0K -150.0K
YoY Change -20.0% -350.0%
NET CHANGE
Cash From Operating Activities 230.0K 440.0K
Cash From Investing Activities -110.0K 0.000
Cash From Financing Activities -120.0K -150.0K
Net Change In Cash -0.00000000008731 290.0K
YoY Change -100.0% -207.41%
FREE CASH FLOW
Cash From Operating Activities $230.0K $440.0K
Capital Expenditures -$140.0K -$20.00K
Free Cash Flow $370.0K $460.0K
YoY Change -19.57% -453.85%

Facts In Submission

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dei Trading Symbol
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The balance is recorded as a liability at a discount rate of 7%. Continuing earn-out payments will be made on a monthly basis in an amount equal to (i) 5% of the subsidiarys gross receipts, plus (ii) 5% of the subsidiarys pre-tax profit.

Files In Submission

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0001144204-13-044636.txt Edgar Link pending
0001144204-13-044636-xbrl.zip Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xls Edgar Link pending
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skas-20130630.xml Edgar Link completed
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