Company: AIRTP
Filing Date: 2025-08-13
Form Type: 10-Q
Source: 0000353184-25-000073
Chunk: 3

Company: AIR T INC
Filing Date: 2025-08-13
Form: 10-Q
Item: Item 1
Chunk 3
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50 Inventories(1,356)2,474 Accounts payable133 (1,069)Accrued expenses3,817 (1,030)Other current assets(2,821)504 Other(1,287)(327)Net cash (used in) provided by operating activities(1,095)113 CASH FLOWS FROM INVESTING ACTIVITIES:Investment in unconsolidated entities(2,037)— Distribution from unconsolidated entities848 2,324 Capital expenditures related to property & equipment(231)(339)Acquisition of businesses, net cash acquired(1,180)— Other(124)23 Net cash (used in) provided by investing activities(2,724)2,008 CASH FLOWS FROM FINANCING ACTIVITIES:Proceeds from lines of credit35,966 30,620 Payments on lines of credit(32,201)(29,092)Proceeds from term loan10,850 — Payments on term loan(1,752)(2,519)Other(286)(300)Net cash provided by (used in) financing activities12,577 (1,291)Effect of foreign currency exchange rates on cash and cash equivalents(292)32 NET INCREASE IN CASH AND CASH EQUIVALENTS AND RESTRICTED CASH8,466 862 CASH AND CASH EQUIVALENTS AND RESTRICTED CASH AT BEGINNING OF PERIOD6,757 7,843 CASH AND CASH EQUIVALENTS AND RESTRICTED CASH AT END OF PERIOD15,223 8,705 CASH AND CASH EQUIVALENTS AND RESTRICTED CASH AT BEGINNING OF PERIOD:Cash and cash equivalents5,932 Restricted cash, current575 Restricted cash, long-term(a)250 Total cash and cash equivalents and restricted cash at beginning of period6,757 CASH AND CASH EQUIVALENTS AND RESTRICTED CASH AT END OF PERIOD:Cash and cash equivalents14,460 Restricted cash, current513 Restricted cash, long-term(a)250 Total cash and cash equivalents and restricted cash at end of period15,223 

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(a) Included in other assets on the consolidated balance sheets.

See notes to condensed consolidated financial statements.

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AIR T, INC AND SUBSIDIARIES