$SKAS
Saker Aviation Services, Inc.

2014 Q4 Form 10-Q Financial Statement

#000114420414068438 Filed on November 14, 2014

View on sec.gov

Income Statement

Concept 2014 Q4 2013 Q4 2013 Q3
Revenue $4.190M $3.990M $4.065M
YoY Change 5.01% 33.0% 9.43%
Cost Of Revenue $2.090M $2.360M $2.242M
YoY Change -11.44% 41.32% 10.32%
Gross Profit $2.100M $1.630M $1.823M
YoY Change 28.83% 22.56% 8.36%
Gross Profit Margin 50.12% 40.85% 44.85%
Selling, General & Admin $1.610M $1.780M $1.435M
YoY Change -9.55% 47.11% 13.24%
% of Gross Profit 76.67% 109.2% 78.71%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $210.0K $130.0K $140.0K
YoY Change 61.54% 30.0% 40.0%
% of Gross Profit 10.0% 7.98% 7.68%
Operating Expenses $1.610M $1.770M $1.435M
YoY Change -9.04% 46.28% 13.24%
Operating Profit $490.0K -$140.0K $388.3K
YoY Change -450.0% -216.67% -6.53%
Interest Expense -$10.00K -$30.00K $29.79K
YoY Change -66.67% 0.0% -22.04%
% of Operating Profit -2.04% 7.67%
Other Income/Expense, Net $10.00K -$20.00K -$19.22K
YoY Change -150.0% -34.6%
Pretax Income $490.0K -$200.0K -$1.913M
YoY Change -345.0% -322.22% -551.13%
Income Tax $310.0K $630.0K -$545.0K
% Of Pretax Income 63.27%
Net Earnings -$270.0K -$750.0K -$1.368M
YoY Change -64.0% -1975.0% -797.86%
Net Earnings / Revenue -6.44% -18.8% -33.64%
Basic Earnings Per Share
Diluted Earnings Per Share -$245.5K -$681.8K -$1.191M
COMMON SHARES
Basic Shares Outstanding 33.11M shares 33.06M shares
Diluted Shares Outstanding 34.52M shares

Balance Sheet

Concept 2014 Q4 2013 Q4 2013 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $530.0K $150.0K $130.0K
YoY Change 253.33% -40.0% -59.38%
Cash & Equivalents $531.0K $146.4K
Short-Term Investments
Other Short-Term Assets $520.0K $540.0K $1.100M
YoY Change -3.7% -15.63% 134.04%
Inventory $299.3K $338.5K $304.3K
Prepaid Expenses
Receivables $2.050M $1.627M $2.212M
Other Receivables $0.00 $110.0K $120.0K
Total Short-Term Assets $3.405M $3.227M $3.854M
YoY Change 5.51% -4.38% 32.89%
LONG-TERM ASSETS
Property, Plant & Equipment $2.087M $2.445M $2.612M
YoY Change -14.64% 11.92% 10.23%
Goodwill $530.0K $1.080M $1.379M
YoY Change -50.94% -54.38%
Intangibles $142.5K $360.0K $35.00K
YoY Change -60.42% 166.67%
Long-Term Investments
YoY Change
Other Assets $540.0K $180.0K $180.0K
YoY Change 200.0% 0.0% -10.0%
Total Long-Term Assets $3.301M $4.142M $4.312M
YoY Change -20.3% -18.15% -18.48%
TOTAL ASSETS
Total Short-Term Assets $3.405M $3.227M $3.854M
Total Long-Term Assets $3.301M $4.142M $4.312M
Total Assets $6.706M $7.369M $8.166M
YoY Change -9.0% -12.64% -0.29%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $996.4K $870.0K $836.4K
YoY Change 14.54% -11.08% -8.09%
Accrued Expenses $505.1K $555.2K $585.1K
YoY Change -9.03% -12.95% 32.99%
Deferred Revenue
YoY Change
Short-Term Debt $550.0K $380.0K $300.0K
YoY Change 44.74%
Long-Term Debt Due $370.0K $990.0K $760.0K
YoY Change -62.63% 39.44% 43.4%
Total Short-Term Liabilities $2.559M $2.925M $2.624M
YoY Change -12.51% 18.76% 20.39%
LONG-TERM LIABILITIES
Long-Term Debt $960.0K $1.280M $1.780M
YoY Change -25.0% 33.33% 42.4%
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $960.0K $1.280M $1.780M
YoY Change -25.0% 33.33% 42.4%
TOTAL LIABILITIES
Total Short-Term Liabilities $2.559M $2.925M $2.624M
Total Long-Term Liabilities $960.0K $1.280M $1.780M
Total Liabilities $3.516M $4.349M $4.406M
YoY Change -19.16% 19.95% 28.44%
SHAREHOLDERS EQUITY
Retained Earnings -$16.81M -$16.94M -$16.19M
YoY Change -0.79% 12.06%
Common Stock $20.00M $19.96M $19.95M
YoY Change 0.18% 0.17%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $3.190M $3.020M $3.761M
YoY Change
Total Liabilities & Shareholders Equity $6.706M $7.369M $8.166M
YoY Change -9.0% -12.64% -0.29%

Cashflow Statement

Concept 2014 Q4 2013 Q4 2013 Q3
OPERATING ACTIVITIES
Net Income -$270.0K -$750.0K -$1.368M
YoY Change -64.0% -1975.0% -797.86%
Depreciation, Depletion And Amortization $210.0K $130.0K $140.0K
YoY Change 61.54% 30.0% 40.0%
Cash From Operating Activities $130.0K $400.0K -$20.00K
YoY Change -67.5% 60.0% -105.13%
INVESTING ACTIVITIES
Capital Expenditures -$30.00K -$220.0K -$1.190M
YoY Change -86.36% -4.35% 2280.0%
Acquisitions
YoY Change
Other Investing Activities $130.0K $20.00K $30.00K
YoY Change 550.0% 0.0% 0.0%
Cash From Investing Activities $100.0K -$180.0K -$1.170M
YoY Change -155.56% -14.29% 5750.0%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -160.0K -190.0K 1.130M
YoY Change -15.79% 72.73% -231.4%
NET CHANGE
Cash From Operating Activities 130.0K 400.0K -20.00K
Cash From Investing Activities 100.0K -180.0K -1.170M
Cash From Financing Activities -160.0K -190.0K 1.130M
Net Change In Cash 70.00K 30.00K -60.00K
YoY Change 133.33% -142.86% -87.76%
FREE CASH FLOW
Cash From Operating Activities $130.0K $400.0K -$20.00K
Capital Expenditures -$30.00K -$220.0K -$1.190M
Free Cash Flow $160.0K $620.0K $1.170M
YoY Change -74.19% 29.17% 165.91%

Facts In Submission

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dei Document Type
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dei Amendment Flag
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dei Document Period End Date
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2014-09-30
dei Document Fiscal Year Focus
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2014
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q3
dei Entity Registrant Name
EntityRegistrantName
Saker Aviation Services, Inc.
dei Entity Central Index Key
EntityCentralIndexKey
0001128281
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
dei Entity Filer Category
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Smaller Reporting Company
dei Trading Symbol
TradingSymbol
SKAS
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Files In Submission

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v393021_ex31-1.htm Edgar Link pending
v393021_ex31-2.htm Edgar Link pending
v393021_ex32-1.htm Edgar Link pending