$SKAS
Saker Aviation Services, Inc.

2016 Q2 Form 10-Q Financial Statement

#000114420416119065 Filed on August 15, 2016

View on sec.gov

Income Statement

Concept 2016 Q2 2015 Q2
Revenue $4.064M $4.558M
YoY Change -10.82% -4.09%
Cost Of Revenue $1.972M $1.816M
YoY Change 8.56% -20.99%
Gross Profit $2.093M $2.741M
YoY Change -23.67% 11.76%
Gross Profit Margin 51.48% 60.15%
Selling, General & Admin $1.668M $1.939M
YoY Change -13.97% 9.71%
% of Gross Profit 79.72% 70.74%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $150.0K $150.0K
YoY Change 0.0% 7.14%
% of Gross Profit 7.17% 5.47%
Operating Expenses $1.668M $1.939M
YoY Change -13.97% 9.71%
Operating Profit $424.4K $802.2K
YoY Change -47.1% 17.05%
Interest Expense $7.849K $6.403K
YoY Change 22.58% -54.22%
% of Operating Profit 1.85% 0.8%
Other Income/Expense, Net -$7.849K -$6.687K
YoY Change 17.38% 6.43%
Pretax Income $416.5K $795.5K
YoY Change -47.65% 17.15%
Income Tax $216.0K $456.0K
% Of Pretax Income 51.86% 57.32%
Net Earnings $200.5K $427.7K
YoY Change -53.12% 104.49%
Net Earnings / Revenue 4.93% 9.38%
Basic Earnings Per Share
Diluted Earnings Per Share $180.2K $380.5K
COMMON SHARES
Basic Shares Outstanding 33.16M 33.11M shares
Diluted Shares Outstanding 33.29M 33.82M shares

Balance Sheet

Concept 2016 Q2 2015 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.340M $340.0K
YoY Change 294.12% -20.93%
Cash & Equivalents $1.337M $335.3K
Short-Term Investments
Other Short-Term Assets $310.0K $960.0K
YoY Change -67.71% -16.52%
Inventory $60.00K $89.63K
Prepaid Expenses
Receivables $1.940M $2.734M
Other Receivables $270.0K $0.00
Total Short-Term Assets $3.920M $4.124M
YoY Change -4.95% -0.69%
LONG-TERM ASSETS
Property, Plant & Equipment $1.270M $1.687M
YoY Change -24.71% -27.13%
Goodwill $530.0K
YoY Change -50.94%
Intangibles $127.5K
YoY Change -64.58%
Long-Term Investments
YoY Change
Other Assets $300.0K $310.0K
YoY Change -3.23% 72.22%
Total Long-Term Assets $2.330M $2.654M
YoY Change -12.2% -32.61%
TOTAL ASSETS
Total Short-Term Assets $3.920M $4.124M
Total Long-Term Assets $2.330M $2.654M
Total Assets $6.250M $6.778M
YoY Change -7.79% -16.23%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $740.0K $1.110M
YoY Change -33.34% -26.82%
Accrued Expenses $280.0K $245.4K
YoY Change 14.12% -60.81%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $550.0K
YoY Change -100.0% 0.0%
Long-Term Debt Due $270.0K $350.0K
YoY Change -22.86% -50.7%
Total Short-Term Liabilities $1.410M $2.492M
YoY Change -43.42% -29.55%
LONG-TERM LIABILITIES
Long-Term Debt $520.0K $790.0K
YoY Change -34.18% -30.7%
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $520.0K $790.0K
YoY Change -34.18% -30.7%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.410M $2.492M
Total Long-Term Liabilities $520.0K $790.0K
Total Liabilities $1.930M $3.280M
YoY Change -41.15% -32.17%
SHAREHOLDERS EQUITY
Retained Earnings -$15.72M
YoY Change
Common Stock $20.05M $33.11K
YoY Change 60450.89% -99.83%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $4.323M $3.500M
YoY Change
Total Liabilities & Shareholders Equity $6.253M $6.780M
YoY Change -7.78% -16.2%

Cashflow Statement

Concept 2016 Q2 2015 Q2
OPERATING ACTIVITIES
Net Income $200.5K $427.7K
YoY Change -53.12% 104.49%
Depreciation, Depletion And Amortization $150.0K $150.0K
YoY Change 0.0% 7.14%
Cash From Operating Activities $630.0K $110.0K
YoY Change 472.73% -82.81%
INVESTING ACTIVITIES
Capital Expenditures -$10.00K -$70.00K
YoY Change -85.71% -41.67%
Acquisitions
YoY Change
Other Investing Activities $30.00K -$80.00K
YoY Change -137.5% -366.67%
Cash From Investing Activities $20.00K -$150.0K
YoY Change -113.33% 66.67%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -70.00K -100.0K
YoY Change -30.0% -54.55%
NET CHANGE
Cash From Operating Activities 630.0K 110.0K
Cash From Investing Activities 20.00K -150.0K
Cash From Financing Activities -70.00K -100.0K
Net Change In Cash 580.0K -140.0K
YoY Change -514.29% -142.42%
FREE CASH FLOW
Cash From Operating Activities $630.0K $110.0K
Capital Expenditures -$10.00K -$70.00K
Free Cash Flow $640.0K $180.0K
YoY Change 255.56% -76.32%

Facts In Submission

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dei Entity Registrant Name
EntityRegistrantName
Saker Aviation Services, Inc.
dei Entity Central Index Key
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0001128281
dei Current Fiscal Year End Date
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IncreaseDecreaseInDeferredIncomeTaxes
0 USD
us-gaap Payments For Proceeds From Loans Receivable
PaymentsForProceedsFromLoansReceivable
0 USD
us-gaap Payments To Acquire Interest In Subsidiaries And Affiliates
PaymentsToAcquireInterestInSubsidiariesAndAffiliates
0 USD
us-gaap Interest Paid
InterestPaid
15061 USD
us-gaap Interest Paid
InterestPaid
28150 USD
us-gaap Income Taxes Paid
IncomeTaxesPaid
365894 USD
us-gaap Income Taxes Paid
IncomeTaxesPaid
152000 USD
us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif"> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif"> <u>Reclassifications</u></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif"> Certain reclassifications were made to prior year amounts to conform to the current year presentation. None of the reclassifications affected the Company&#8217;s net income in any period.</div> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table>
CY2016Q2 skas Incremental Common Shares Attributable To Options
IncrementalCommonSharesAttributableToOptions
136726 shares
CY2015Q2 skas Incremental Common Shares Attributable To Options
IncrementalCommonSharesAttributableToOptions
716931 shares
skas Incremental Common Shares Attributable To Options
IncrementalCommonSharesAttributableToOptions
136726 shares
skas Incremental Common Shares Attributable To Options
IncrementalCommonSharesAttributableToOptions
716931 shares
CY2015Q4 us-gaap Line Of Credit
LineOfCredit
0 USD

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