$SKAS
Saker Aviation Services, Inc.

2016 Q3 Form 10-Q Financial Statement

#000114420416133544 Filed on November 14, 2016

View on sec.gov

Income Statement

Concept 2016 Q3 2015 Q4 2015 Q3
Revenue $3.841M $4.200M $4.730M
YoY Change -18.8% 0.24% -1.49%
Cost Of Revenue $1.521M $1.910M $2.255M
YoY Change -32.55% -8.61% -16.31%
Gross Profit $2.320M $2.290M $2.475M
YoY Change -6.27% 9.05% 17.48%
Gross Profit Margin 60.39% 54.52% 52.32%
Selling, General & Admin $1.747M $1.780M $1.833M
YoY Change -4.68% 10.56% 11.03%
% of Gross Profit 75.33% 77.73% 74.07%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $130.0K -$70.00K $340.0K
YoY Change -61.76% -133.33% 126.67%
% of Gross Profit 5.6% -3.06% 13.74%
Operating Expenses $1.747M $1.770M $1.833M
YoY Change -4.68% 9.94% 11.03%
Operating Profit $572.3K $520.0K $641.6K
YoY Change -10.8% 6.12% 40.84%
Interest Expense $6.445K -$10.00K $4.580K
YoY Change 40.72% 0.0% -62.99%
% of Operating Profit 1.13% -1.92% 0.71%
Other Income/Expense, Net -$6.445K -$100.0K -$4.580K
YoY Change 40.72% -1100.0% -72.39%
Pretax Income $565.9K $410.0K $637.1K
YoY Change -11.17% -16.33% 45.11%
Income Tax $285.5K $220.0K $352.0K
% Of Pretax Income 50.45% 53.66% 55.25%
Net Earnings $280.4K $300.0K $104.7K
YoY Change 167.72% -211.11% -41.78%
Net Earnings / Revenue 7.3% 7.14% 2.21%
Basic Earnings Per Share
Diluted Earnings Per Share $252.3K $270.3K $89.29K
COMMON SHARES
Basic Shares Outstanding 33.16M 33.11M shares 33.11M shares
Diluted Shares Outstanding 33.31M 33.67M shares

Balance Sheet

Concept 2016 Q3 2015 Q4 2015 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $2.080M $410.0K $720.0K
YoY Change 188.89% -22.64% 53.19%
Cash & Equivalents $2.211M $414.7K $717.3K
Short-Term Investments
Other Short-Term Assets $610.0K $350.0K $1.130M
YoY Change -46.02% -32.69% -19.86%
Inventory $80.00K $67.86K $90.00K
Prepaid Expenses
Receivables $1.590M $2.521M $2.570M
Other Receivables $270.0K $300.0K $300.0K
Total Short-Term Assets $4.630M $3.658M $4.800M
YoY Change -3.54% 7.43% 9.84%
LONG-TERM ASSETS
Property, Plant & Equipment $1.200M $1.497M $1.610M
YoY Change -25.47% -28.28% -26.15%
Goodwill $530.0K
YoY Change 0.0%
Intangibles $35.00K
YoY Change -75.44%
Long-Term Investments
YoY Change
Other Assets $280.0K $320.0K $470.0K
YoY Change -40.43% -40.74% 161.11%
Total Long-Term Assets $2.240M $2.585M $2.850M
YoY Change -21.4% -21.69% -25.2%
TOTAL ASSETS
Total Short-Term Assets $4.630M $3.658M $4.800M
Total Long-Term Assets $2.240M $2.585M $2.850M
Total Assets $6.870M $6.243M $7.650M
YoY Change -10.2% -6.9% -6.48%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.090M $682.9K $1.360M
YoY Change -19.85% -31.46% -14.47%
Accrued Expenses $325.8K $589.4K $1.303M
YoY Change -74.99% 16.7% 78.49%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $200.0K
YoY Change -100.0% -100.0% -63.64%
Long-Term Debt Due $270.0K $270.0K $330.0K
YoY Change -18.18% -27.03% -25.0%
Total Short-Term Liabilities $1.812M $1.671M $3.316M
YoY Change -45.35% -34.7% -6.07%
LONG-TERM LIABILITIES
Long-Term Debt $450.0K $650.0K $720.0K
YoY Change -37.5% -32.29% -31.43%
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $450.0K $650.0K $720.0K
YoY Change -37.5% -32.29% -31.43%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.812M $1.671M $3.316M
Total Long-Term Liabilities $450.0K $650.0K $720.0K
Total Liabilities $2.260M $2.323M $4.036M
YoY Change -44.0% -33.91% -14.68%
SHAREHOLDERS EQUITY
Retained Earnings -$15.44M -$16.11M -$16.41M
YoY Change -5.89% -4.14%
Common Stock $20.06M $20.03M $20.02M
YoY Change 0.17% 0.17%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $4.612M $3.919M $3.612M
YoY Change
Total Liabilities & Shareholders Equity $6.874M $6.243M $7.647M
YoY Change -10.11% -6.9% -6.51%

Cashflow Statement

Concept 2016 Q3 2015 Q4 2015 Q3
OPERATING ACTIVITIES
Net Income $280.4K $300.0K $104.7K
YoY Change 167.72% -211.11% -41.78%
Depreciation, Depletion And Amortization $130.0K -$70.00K $340.0K
YoY Change -61.76% -133.33% 126.67%
Cash From Operating Activities $990.0K -$380.0K $1.220M
YoY Change -18.85% -392.31% 190.48%
INVESTING ACTIVITIES
Capital Expenditures -$50.00K -$100.0K $30.00K
YoY Change -266.67% 233.33% -250.0%
Acquisitions
YoY Change
Other Investing Activities $0.00 $500.0K -$420.0K
YoY Change -100.0% 284.62%
Cash From Investing Activities -$50.00K $400.0K -$390.0K
YoY Change -87.18% 300.0% 1850.0%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -60.00K -320.0K -440.0K
YoY Change -86.36% 100.0% 22.22%
NET CHANGE
Cash From Operating Activities 990.0K -380.0K 1.220M
Cash From Investing Activities -50.00K 400.0K -390.0K
Cash From Financing Activities -60.00K -320.0K -440.0K
Net Change In Cash 880.0K -300.0K 390.0K
YoY Change 125.64% -528.57% 875.0%
FREE CASH FLOW
Cash From Operating Activities $990.0K -$380.0K $1.220M
Capital Expenditures -$50.00K -$100.0K $30.00K
Free Cash Flow $1.040M -$280.0K $1.190M
YoY Change -12.61% -275.0% 170.45%

Facts In Submission

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DisposalGroupIncludingDiscontinuedOperationCostsOfGoodsSold
787154 USD
CY2015Q3 us-gaap Disposal Group Including Discontinued Operation Revenue
DisposalGroupIncludingDiscontinuedOperationRevenue
900408 USD
CY2016Q3 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
2485887 USD
CY2015Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
2116676 USD
CY2016Q3 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.001
CY2015Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.001
CY2016Q3 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
9999154 shares
CY2015Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
9999154 shares
CY2016Q3 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2015Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2016Q3 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2015Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2016Q3 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.001
CY2015Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.001
CY2016Q3 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
100000000 shares
CY2015Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
100000000 shares
CY2016Q3 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
33157610 shares
CY2015Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
33157610 shares
CY2016Q3 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
33157610 shares
CY2015Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
33157610 shares
us-gaap Proceeds From Repayments Of Lines Of Credit
ProceedsFromRepaymentsOfLinesOfCredit
0 USD
us-gaap Proceeds From Repayments Of Lines Of Credit
ProceedsFromRepaymentsOfLinesOfCredit
-350000 USD
us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
-629726 USD
CY2015Q4 us-gaap Line Of Credit
LineOfCredit
0 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: 0in 0in 0pt"> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0in 0in 0pt"> <u><font style="FONT-SIZE: 10pt">Reclassifications</font></u></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0in 0in 0pt"> <font style="FONT-SIZE: 10pt">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.</font></div> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table>
CY2016Q3 us-gaap Preferred Stock Value
PreferredStockValue
USD
CY2015Q4 us-gaap Preferred Stock Value
PreferredStockValue
USD

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