Company: AIRTP
Filing Date: 2025-06-27
Form Type: 10-K
Source: 0000353184-25-000044
Chunk: 327

Company: AIR T INC
Filing Date: 2025-06-27
Form: 10-K
Item: Item 8
Chunk 327
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Capital expenditures related to property & equipment(1,081)(1,076)Capital expenditures related to assets on lease or held for lease(14,598)— Disbursements for note receivable - Lendway(3,750)— Other237 18 Net cash used in investing activities(20,189)(2,499)CASH FLOWS FROM FINANCING ACTIVITIES:Proceeds from lines of credit136,515 124,249 Payments on lines of credit(131,376)(141,956)Proceeds from term loan24,877 24,850 Payments on term loan(35,040)(28,341)Proceeds received from issuance of TruPs910 8,780 Repurchase of common stock(1,445)(876)Other758 (616)Net cash used in financing activities(4,801)(13,910)Effect of foreign currency exchange rates on cash and cash equivalents408 (16)NET (DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS AND RESTRICTED CASH(1,086)753 CASH AND CASH EQUIVALENTS AND RESTRICTED CASH AT BEGINNING OF PERIOD7,843 7,090 CASH AND CASH EQUIVALENTS AND RESTRICTED CASH AT END OF PERIOD16,757 7,843 SUPPLEMENTAL DISCLOSURE OF NON-CASH ACTIVITIES:Assumption of liabilities to acquire assets on lease720 — Non-cash contribution from non-controlling interest475 — Contingent earnout for Contrail Aviation Support, LLC ("Contrail") redeemed interest1,104 — Related-party note payable for Contrail redeemed interest4,570 — Due from CAM expense reimbursements converted into notes receivable - CAM2,500 — Equipment leased or held for lease transferred to inventory— 73 Equipment in inventory transferred to assets on lease112 260 SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:Operating cash payments for operating leases2,260 2,351 Cash paid during the year for interest8,437 3,891 Cash paid during the year for income taxes$983 $917 

1 The following table includes a reconciliation of "Cash and cash equivalents and restricted cash at end of period":

49

Cash and cash equivalents$5,932 Restricted cash, current575 Restricted