Exhibit 99.4
------------------------------------------------------------------------------------------------------------------------------------
Monthly Operating Report
----------------------------------------------------
CASE NAME: Kitty Hawk International, Inc. ACCRUAL BASIS
----------------------------------------------------
----------------------------------------------------
CASE NUMBER: 400-42144 02/13/95, RWD, 2/96
----------------------------------------------------
----------------------------------------------------
JUDGE: Xxxxxxx X. Xxxxxx
----------------------------------------------------
UNITED STATES BANKRUPTCY COURT
NORTHERN DISTRICT OF TEXAS
SIXTH DIVISION
MONTHLY OPERATING REPORT
MONTH ENDING: NOVEMBER 30, 2001
IN ACCORDANCE WITH TITLE 28, SECTION 1746, OF THE
UNITED STATES CODE, I DECLARE UNDER PENALTY OF PERJURY
THAT I HAVE EXAMINED THE FOLLOWING MONTHLY OPERATING
REPORT (ACCRUAL BASIS-1 THROUGH ACCRUAL BASIS-7) AND
THE ACCOMPANYING ATTACHMENTS AND, TO THE BEST OF MY
KNOWLEDGE, THESE DOCUMENTS ARE TRUE, CORRECT AND
COMPLETE. DECLARATION OF THE PREPARER (OTHER THAN
RESPONSIBLE PARTY): IS BASED ON ALL INFORMATION OF
WHICH PREPARER HAS ANY KNOWLEDGE.
RESPONSIBLE PARTY:
/s/ Xxxx Xxxxx Chief Financial Officer
--------------------------------------------------------- ----------------------------------------------------------
ORIGINAL SIGNATURE OF RESPONSIBLE PARTY TITLE
Xxxx Xxxxx 12/20/2001
--------------------------------------------------------- ----------------------------------------------------------
PRINTED NAME OF RESPONSIBLE PARTY DATE
PREPARER:
/s/ Xxxxxxx X. Xxxxxx Chief Accounting Officer
--------------------------------------------------------- ----------------------------------------------------------
ORIGINAL SIGNATURE OF PREPARER TITLE
Xxxxxxx X. Xxxxxx 12/20/2001
--------------------------------------------------------- ----------------------------------------------------------
PRINTED NAME OF PREPARER DATE
------------------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------------------
Monthly Operating Report
----------------------------------------------------
CASE NAME: Kitty Hawk International, Inc. ACCRUAL BASIS-1
----------------------------------------------------
----------------------------------------------------
CASE NUMBER: 400-42144 02/13/95, RWD, 2/96
----------------------------------------------------
----------------------------------------------------
COMPARATIVE BALANCE SHEET
------------------------------------------------------------------------------------------------------------------------
SCHEDULE MONTH MONTH MONTH
---------------------------------------------------------------
ASSETS AMOUNT October 2001 November 2001
------------------------------------------------------------------------------------------------------------------------
1. UNRESTRICTED CASH $ 40,098 $ 0 $ 0 $0
------------------------------------------------------------------------------------------------------------------------
2. RESTRICTED CASH $ 24,361,253 $ 12,300,969 $0
------------------------------------------------------------------------------------------------------------------------
3. TOTAL CASH $ 40,098 $ 24,361,253 $ 12,300,969 $0
------------------------------------------------------------------------------------------------------------------------
4. ACCOUNTS RECEIVABLE (NET) $ 9,006,275 $ 6,879,795 $ 6,852,061 $0
------------------------------------------------------------------------------------------------------------------------
5. INVENTORY $ 20,429,725 $ 0 $ 0 $0
------------------------------------------------------------------------------------------------------------------------
6. NOTES RECEIVABLE $ 0 $ 0 $0
------------------------------------------------------------------------------------------------------------------------
7. PREPAID EXPENSES $ 32,337 $ 73,614 $0
------------------------------------------------------------------------------------------------------------------------
8. OTHER (ATTACH LIST) $ 21,367,511 ($347,561,281) ($335,367,911) $0
------------------------------------------------------------------------------------------------------------------------
9. TOTAL CURRENT ASSETS $ 50,843,609 ($316,287,896) ($316,141,267) $0
------------------------------------------------------------------------------------------------------------------------
10. PROPERTY, PLANT & EQUIPMENT $474,988,760 $514,146,385 $514,146,385 $0
------------------------------------------------------------------------------------------------------------------------
11. LESS: ACCUMULATED
DEPRECIATION / DEPLETION $438,869,930 $438,869,930 $0
------------------------------------------------------------------------------------------------------------------------
12. NET PROPERTY, PLANT &
EQUIPMENT $474,988,760 $ 75,276,455 $ 75,276,455 $0
------------------------------------------------------------------------------------------------------------------------
13. DUE FROM INSIDERS $ 0 $ 0 $0
------------------------------------------------------------------------------------------------------------------------
14. OTHER ASSETS - NET OF
AMORTIZATION (ATTACH LIST) $ 0 $ 0 $0
------------------------------------------------------------------------------------------------------------------------
15. OTHER (ATTACH LIST) $ 0 $ 0 $0
------------------------------------------------------------------------------------------------------------------------
16. TOTAL ASSETS $525,832,369 ($241,011,441) ($240,864,812) $0
------------------------------------------------------------------------------------------------------------------------
POSTPETITION LIABILITIES
------------------------------------------------------------------------------------------------------------------------
17. ACCOUNTS PAYABLE $ 74,736 $ 54,096 $0
------------------------------------------------------------------------------------------------------------------------
18. TAXES PAYABLE $ 0 $ 0 $0
------------------------------------------------------------------------------------------------------------------------
19. NOTES PAYABLE $ 0 $ 0 $0
------------------------------------------------------------------------------------------------------------------------
20. PROFESSIONAL FEES $ 0 $ 0 $0
------------------------------------------------------------------------------------------------------------------------
21. SECURED DEBT $ 0 $ 0 $0
------------------------------------------------------------------------------------------------------------------------
22. OTHER (ATTACH LIST) ($148,543,277) ($148,484,962) $0
------------------------------------------------------------------------------------------------------------------------
23. TOTAL POSTPETITION
LIABILITIES ($148,468,541) ($148,430,866) $0
------------------------------------------------------------------------------------------------------------------------
PREPETITION LIABILITIES
------------------------------------------------------------------------------------------------------------------------
24. SECURED DEBT $ 23,187,921 $ 22,191,944 $ 22,190,304 $0
------------------------------------------------------------------------------------------------------------------------
25. PRIORITY DEBT $ 4,672,323 $ 0 $ 0 $0
------------------------------------------------------------------------------------------------------------------------
26. UNSECURED DEBT $392,188,633 $ 16,707,209 $ 16,702,868 $0
------------------------------------------------------------------------------------------------------------------------
27. OTHER (ATTACH LIST) $ 75,481,394 $ 75,509,394 $0
------------------------------------------------------------------------------------------------------------------------
28. TOTAL PREPETITION LIABILITIES $420,048,877 $114,380,547 $114,402,566 $0
------------------------------------------------------------------------------------------------------------------------
29. TOTAL LIABILITIES $420,048,877 ($34,087,994) ($34,028,300) $0
------------------------------------------------------------------------------------------------------------------------
EQUITY
------------------------------------------------------------------------------------------------------------------------
30. PREPETITION OWNERS' EQUITY $ 16,327,446 $ 16,327,446 $0
------------------------------------------------------------------------------------------------------------------------
31. POSTPETITION CUMULATIVE
PROFIT OR (LOSS) ($223,250,893) ($223,163,958) $0
------------------------------------------------------------------------------------------------------------------------
32. DIRECT CHARGES TO EQUITY
(ATTACH EXPLANATION)
------------------------------------------------------------------------------------------------------------------------
33. TOTAL EQUITY $ 0 ($206,923,447) ($206,836,512) $0
------------------------------------------------------------------------------------------------------------------------
34. TOTAL LIABILITIES &
OWNERS' EQUITY $420,048,877 ($241,011,441) ($240,864,812) $0
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------------------
====================================================================================================================================
Monthly Operating Report
------------------------------------------------------------------------
CASE NAME: Kitty Hawk International, Inc. ACCRUAL BASIS-2
------------------------------------------------------------------------
------------------------------------------------------------------------
CASE NUMBER: 400-42144 02/13/95, RWD, 2/96
------------------------------------------------------------------------
--------------------------------------------
INCOME STATEMENT
----------------------------------------------------------------------------------------------------------------------------
MONTH MONTH MONTH QUARTER
------------------------------------------------------------
REVENUES October 2001 November 2001 TOTAL
----------------------------------------------------------------------------------------------------------------------------
1. GROSS REVENUES $ 0 $371,814 $0 $371,814
---------------------------------------------------------------------------------------------------------------------------
2. LESS: RETURNS & DISCOUNTS $ 0 $ 0 $0 $ 0
---------------------------------------------------------------------------------------------------------------------------
3. NET REVENUE $ 0 $371,814 $0 $371,814
---------------------------------------------------------------------------------------------------------------------------
COST OF GOODS SOLD
---------------------------------------------------------------------------------------------------------------------------
4. MATERIAL $ 0 $ 0 $0 $ 0
---------------------------------------------------------------------------------------------------------------------------
5. DIRECT LABOR $ 0 $ 0 $0 $ 0
---------------------------------------------------------------------------------------------------------------------------
6. DIRECT OVERHEAD $ 0 $ 0 $0 $ 0
---------------------------------------------------------------------------------------------------------------------------
7. TOTAL COST OF GOODS SOLD $ 0 $ 0 $0 $ 0
---------------------------------------------------------------------------------------------------------------------------
8. GROSS PROFIT $ 0 $371,814 $0 $371,814
---------------------------------------------------------------------------------------------------------------------------
OPERATING EXPENSES
---------------------------------------------------------------------------------------------------------------------------
9. OFFICER / INSIDER COMPENSATION $ 0 $ 0 $0 $ 0
---------------------------------------------------------------------------------------------------------------------------
10. SELLING & MARKETING $ 0 $ 0 $0 $ 0
---------------------------------------------------------------------------------------------------------------------------
11. GENERAL & ADMINISTRATIVE $35,399 $ 81,449 $0 $116,848
---------------------------------------------------------------------------------------------------------------------------
12. RENT & LEASE $ 0 $ 0 $0 $ 0
---------------------------------------------------------------------------------------------------------------------------
13. OTHER (ATTACH LIST) $ 0 $ 0 $0 $ 0
---------------------------------------------------------------------------------------------------------------------------
14. TOTAL OPERATING EXPENSES $35,399 $ 81,449 $0 $116,848
---------------------------------------------------------------------------------------------------------------------------
15. INCOME BEFORE NON-OPERATING
INCOME & EXPENSE ($35,399) $290,365 $0 $254,966
---------------------------------------------------------------------------------------------------------------------------
OTHER INCOME & EXPENSES
---------------------------------------------------------------------------------------------------------------------------
16. NON-OPERATING INCOME (ATT. LIST) $ 0 $ 0 $0 $ 0
---------------------------------------------------------------------------------------------------------------------------
17. NON-OPERATING EXPENSE (ATT. LIST) $ 0 $ 0 $0 $ 0
---------------------------------------------------------------------------------------------------------------------------
18. INTEREST EXPENSE $ 30 $ 21 $0 $ 51
---------------------------------------------------------------------------------------------------------------------------
19. DEPRECIATION / DEPLETION $ 0 $ 0 $0 $ 0
---------------------------------------------------------------------------------------------------------------------------
20. AMORTIZATION $ 7,942 $ 7,942 $0 $ 15,884
---------------------------------------------------------------------------------------------------------------------------
21. OTHER (ATTACH LIST) ($729) ($67,654) $0 ($68,383)
---------------------------------------------------------------------------------------------------------------------------
22. NET OTHER INCOME & EXPENSES $ 7,243 ($59,691) $0 ($52,448)
---------------------------------------------------------------------------------------------------------------------------
REORGANIZATION EXPENSES
---------------------------------------------------------------------------------------------------------------------------
23. PROFESSIONAL FEES $ 0 $205,164 $0 $205,164
---------------------------------------------------------------------------------------------------------------------------
24. U.S. TRUSTEE FEES $ 0 $ 0 $0 $ 0
---------------------------------------------------------------------------------------------------------------------------
25. OTHER (ATTACH LIST) $ 0 $ 0 $0 $ 0
---------------------------------------------------------------------------------------------------------------------------
26. TOTAL REORGANIZATION EXPENSES $ 0 $205,164 $0 $205,164
---------------------------------------------------------------------------------------------------------------------------
27. INCOME TAX ($17,057) $ 57,956 $0 $ 40,899
---------------------------------------------------------------------------------------------------------------------------
28. NET PROFIT (LOSS) ($25,585) $ 86,936 $0 $ 61,351
---------------------------------------------------------------------------------------------------------------------------
====================================================================================================================================
------------------------------------------------------------------------------------------------------------------------------------
Monthly Operating Report
-----------------------------------------------------------
CASE NAME: Kitty Hawk International, Inc. ACCRUAL BASIS-3
-----------------------------------------------------------
-----------------------------------------------------------
CASE NUMBER: 400-42144 02/13/95, RWD, 2/96
-----------------------------------------------------------
--------------------------------------------------------------------------------------------------------------------------
CASH RECEIPTS AND MONTH MONTH MONTH QUARTER
-----------------------------------------------------------
DISBURSEMENTS October 2001 November 2001 TOTAL
--------------------------------------------------------------------------------------------------------------------------
1. CASH - BEGINNING OF MONTH $0 $0 $0 $0
--------------------------------------------------------------------------------------------------------------------------
RECEIPTS FROM OPERATIONS
--------------------------------------------------------------------------------------------------------------------------
2. CASH SALES $0 $0 $0 $0
--------------------------------------------------------------------------------------------------------------------------
COLLECTION OF ACCOUNTS RECEIVABLE
--------------------------------------------------------------------------------------------------------------------------
3. PREPETITION $0 $0 $0 $0
--------------------------------------------------------------------------------------------------------------------------
4. POSTPETITION $0 $0 $0 $0
--------------------------------------------------------------------------------------------------------------------------
5. TOTAL OPERATING RECEIPTS $0 $0 $0 $0
--------------------------------------------------------------------------------------------------------------------------
NON - OPERATING RECEIPTS
--------------------------------------------------------------------------------------------------------------------------
6. LOANS & ADVANCES (ATTACH LIST) $0 $0 $0 $0
--------------------------------------------------------------------------------------------------------------------------
7. SALE OF ASSETS $0 $0 $0 $0
--------------------------------------------------------------------------------------------------------------------------
8. OTHER (ATTACH LIST) $0 $0 $0 $0
--------------------------------------------------------------------------------------------------------------------------
9. TOTAL NON-OPERATING RECEIPTS $0 $0 $0 $0
--------------------------------------------------------------------------------------------------------------------------
10. TOTAL RECEIPTS $0 $0 $0 $0
--------------------------------------------------------------------------------------------------------------------------
11. TOTAL CASH AVAILABLE $0 $0 $0 $0
--------------------------------------------------------------------------------------------------------------------------
OPERATING DISBURSEMENTS
--------------------------------------------------------------------------------------------------------------------------
12. NET PAYROLL $0 $0 $0 $0
--------------------------------------------------------------------------------------------------------------------------
13. PAYROLL TAXES PAID $0 $0 $0 $0
--------------------------------------------------------------------------------------------------------------------------
14. SALES, USE & OTHER TAXES PAID $0 $0 $0 $0
--------------------------------------------------------------------------------------------------------------------------
15. SECURED / RENTAL / LEASES $0 $0 $0 $0
--------------------------------------------------------------------------------------------------------------------------
16. UTILITIES $0 $0 $0 $0
--------------------------------------------------------------------------------------------------------------------------
17. INSURANCE $0 $0 $0 $0
--------------------------------------------------------------------------------------------------------------------------
18. INVENTORY PURCHASES $0 $0 $0 $0
--------------------------------------------------------------------------------------------------------------------------
19. VEHICLE EXPENSES $0 $0 $0 $0
--------------------------------------------------------------------------------------------------------------------------
20. TRAVEL $0 $0 $0 $0
--------------------------------------------------------------------------------------------------------------------------
21. ENTERTAINMENT $0 $0 $0 $0
--------------------------------------------------------------------------------------------------------------------------
22. REPAIRS & MAINTENANCE $0 $0 $0 $0
--------------------------------------------------------------------------------------------------------------------------
23. SUPPLIES $0 $0 $0 $0
--------------------------------------------------------------------------------------------------------------------------
24. ADVERTISING $0 $0 $0 $0
--------------------------------------------------------------------------------------------------------------------------
25. OTHER (ATTACH LIST) $0 $0 $0 $0
--------------------------------------------------------------------------------------------------------------------------
26. TOTAL OPERATING DISBURSEMENTS $0 $0 $0 $0
--------------------------------------------------------------------------------------------------------------------------
REORGANIZATION EXPENSES
--------------------------------------------------------------------------------------------------------------------------
27. PROFESSIONAL FEES $0 $0 $0 $0
--------------------------------------------------------------------------------------------------------------------------
28. U.S. TRUSTEE FEES $0 $0 $0 $0
--------------------------------------------------------------------------------------------------------------------------
29. OTHER (ATTACH LIST) $0 $0 $0 $0
--------------------------------------------------------------------------------------------------------------------------
30. TOTAL REORGANIZATION EXPENSES $0 $0 $0 $0
--------------------------------------------------------------------------------------------------------------------------
31. TOTAL DISBURSEMENTS $0 $0 $0 $0
--------------------------------------------------------------------------------------------------------------------------
32. NET CASH FLOW $0 $0 $0 $0
--------------------------------------------------------------------------------------------------------------------------
33. CASH - END OF MONTH $0 $0 $0 $0
--------------------------------------------------------------------------------------------------------------------------
====================================================================================================================================
------------------------------------------------------------------------------------------------------------------------------------
---------------------------------------------------------------------------------------------------------------------------
Monthly Operating Report
----------------------------------------------
CASE NAME: Kitty Hawk International, Inc. ACCRUAL BASIS-4
----------------------------------------------
----------------------------------------------
CASE NUMBER: 400-42144 02/13/95, RWD, 2/96
----------------------------------------------
-------------------------------------------------------------------------------------------------------------------
SCHEDULE MONTH MONTH MONTH
-----------------------------------------------------
ACCOUNTS RECEIVABLE AGING AMOUNT October 2001 November 2001
-------------------------------------------------------------------------------------------------------------------
1. 0-30 $ 0 $ 0 $ 0
-------------------------------------------------------------------------------------------------------------------
2. 31-60 $ 5,000 $ 5,000 $ 0
-------------------------------------------------------------------------------------------------------------------
3. 61-90 $ 0 $ 0 $ 0
-------------------------------------------------------------------------------------------------------------------
4. 91+ $6,874,795 $6,847,061 $ 0
-------------------------------------------------------------------------------------------------------------------
5. TOTAL ACCOUNTS RECEIVABLE $ 0 $6,879,795 $6,852,061 $ 0
-------------------------------------------------------------------------------------------------------------------
6. AMOUNT CONSIDERED UNCOLLECTIBLE $ 0 $ 0 $ 0
-------------------------------------------------------------------------------------------------------------------
7. ACCOUNTS RECEIVABLE (NET) $ 0 $6,879,795 $6,852,061 $ 0
-------------------------------------------------------------------------------------------------------------------
----------------------------------------------------------
AGING OF POSTPETITION TAXES AND PAYABLES MONTH: November 2001
----------------------------------------
-------------------------------------------------------------------------------------------------------------------
0-30 31-60 61-90 91+
TAXES PAYABLE DAYS DAYS DAYS DAYS TOTAL
-------------------------------------------------------------------------------------------------------------------
1. FEDERAL $ 0 $ 0 $ 0 $ 0 $ 0
-------------------------------------------------------------------------------------------------------------------
2. STATE $ 0 $ 0 $ 0 $ 0 $ 0
-------------------------------------------------------------------------------------------------------------------
3. LOCAL $ 0 $ 0 $ 0 $ 0 $ 0
-------------------------------------------------------------------------------------------------------------------
4. OTHER (ATTACH LIST) $ 0 $ 0 $ 0 $ 0 $ 0
-------------------------------------------------------------------------------------------------------------------
5. TOTAL TAXES PAYABLE $ 0 $ 0 $ 0 $ 0 $ 0
-------------------------------------------------------------------------------------------------------------------
-------------------------------------------------------------------------------------------------------------------
6. ACCOUNTS PAYABLE ($12,445) $859 $880 $64,802 $54,096
-------------------------------------------------------------------------------------------------------------------
----------------------------------------------------------
STATUS OF POSTPETITION TAXES MONTH: November 2001
----------------------------------------
-------------------------------------------------------------------------------------------------------------------
BEGINNING AMOUNT ENDING
TAX WITHHELD AND/ AMOUNT TAX
FEDERAL LIABILITY* 0R ACCRUED PAID LIABILITY
-------------------------------------------------------------------------------------------------------------------
1. WITHHOLDING** $ 0 $ 0 $ 0 $ 0
-------------------------------------------------------------------------------------------------------------------
2. FICA-EMPLOYEE** $ 0 $ 0 $ 0 $ 0
-------------------------------------------------------------------------------------------------------------------
3. FICA-EMPLOYER** $ 0 $ 0 $ 0 $ 0
-------------------------------------------------------------------------------------------------------------------
4. UNEMPLOYMENT $ 0 $ 0 $ 0 $ 0
-------------------------------------------------------------------------------------------------------------------
5. INCOME $ 0 $ 0 $ 0 $ 0
-------------------------------------------------------------------------------------------------------------------
6. OTHER (ATTACH LIST) $ 0 $ 0 $ 0 $ 0
-------------------------------------------------------------------------------------------------------------------
7. TOTAL FEDERAL TAXES $ 0 $ 0 $ 0 $ 0
-------------------------------------------------------------------------------------------------------------------
STATE AND LOCAL
-------------------------------------------------------------------------------------------------------------------
8. WITHHOLDING $ 0 $ 0 $ 0 $ 0
-------------------------------------------------------------------------------------------------------------------
9. SALES $ 0 $ 0 $ 0 $ 0
-------------------------------------------------------------------------------------------------------------------
10. EXCISE $ 0 $ 0 $ 0 $ 0
-------------------------------------------------------------------------------------------------------------------
11. UNEMPLOYMENT $ 0 $ 0 $ 0 $ 0
-------------------------------------------------------------------------------------------------------------------
12. REAL PROPERTY $ 0 $ 0 $ 0 $ 0
-------------------------------------------------------------------------------------------------------------------
13. PERSONAL PROPERTY $ 0 $ 0 $ 0 $ 0
-------------------------------------------------------------------------------------------------------------------
14. OTHER (ATTACH LIST) $ 0 $ 0 $ 0 $ 0
-------------------------------------------------------------------------------------------------------------------
15. TOTAL STATE & LOCAL $ 0 $ 0 $ 0 $ 0
-------------------------------------------------------------------------------------------------------------------
16. TOTAL TAXES $ 0 $ 0 $ 0 $ 0
-------------------------------------------------------------------------------------------------------------------
* The beginning tax liability should represent the liability from
the prior month or, if this is the first operating report, the
amount should be zero.
** Attach photocopies of IRS Form 6123 or your FTD coupon and payment
receipt to verify payment or deposit.
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
Monthly Operating Report
-------------------------------------------
CASE NAME: Kitty Hawk International, Inc. ACCRUAL BASIS-5
-------------------------------------------
-------------------------------------------
CASE NUMBER: 400-42144 02/13/95, RWD, 2/96
-------------------------------------------
The debtor in possession must complete the reconciliation below for each
bank account, including all general, payroll and tax accounts, as well
as all savings and investment accounts, money market accounts,
certificates of deposit, government obligations, etc. Accounts with
restricted funds should be identified by placing an asterisk next to the
account number. Attach additional sheets if necessary.
MONTH: November 2001
------------------------------------
-------------------------------------
BANK RECONCILIATIONS
Account #1 Account #2 Account #3
----------------------------------------------------------------------------------------------------------------------------
A. BANK: Bank One Bank One Bank One
---------------------------------------------------------------------------------------------------------------
B. ACCOUNT NUMBER: 1559691322 1559691330 9320014690 TOTAL
---------------------------------------------------------------------------------------------------------------
C. PURPOSE (TYPE): Deposit Payroll Health Insurance
----------------------------------------------------------------------------------------------------------------------------
1. BALANCE PER BANK STATEMENT $0 $0 $0 $0
----------------------------------------------------------------------------------------------------------------------------
2. ADD: TOTAL DEPOSITS NOT CREDITED $0 $0 $0 $0
----------------------------------------------------------------------------------------------------------------------------
3. SUBTRACT: OUTSTANDING CHECKS $0 $0 $0 $0
---------------------------------------------------------------------------------------------------------------------------
4. OTHER RECONCILING ITEMS $0 $0 $0 $0
---------------------------------------------------------------------------------------------------------------------------
5. MONTH END BALANCE PER BOOKS $0 $0 $0 $0
----------------------------------------------------------------------------------------------------------------------------
6. NUMBER OF LAST CHECK WRITTEN N/A - Lockbox only No activity Account closed
----------------------------------------------------------------------------------------------------------------------------
-------------------------------------
INVESTMENT ACCOUNTS
----------------------------------------------------------------------------------------------------------------------------
DATE OF TYPE OF PURCHASE CURRENT
BANK, ACCOUNT NAME & NUMBER PURCHASE INSTRUMENT PRICE VALUE
----------------------------------------------------------------------------------------------------------------------------
7. N/A
----------------------------------------------------------------------------------------------------------------------------
8. N/A
----------------------------------------------------------------------------------------------------------------------------
9. N/A
----------------------------------------------------------------------------------------------------------------------------
10. N/A
----------------------------------------------------------------------------------------------------------------------------
11. TOTAL INVESTMENTS $0 $0
----------------------------------------------------------------------------------------------------------------------------
-------------------------------------
CASH
----------------------------------------------------------------------------------------------------------------------------
12. CURRENCY ON HAND $0
----------------------------------------------------------------------------------------------------------------------------
----------------------------------------------------------------------------------------------------------------------------
13. TOTAL CASH - END OF MONTH $0
----------------------------------------------------------------------------------------------------------------------------
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
Monthly Operating Report
-------------------------------------------
CASE NAME: Kitty Hawk International, Inc. ACCRUAL BASIS-6
-------------------------------------------
-------------------------------------------
CASE NUMBER: 400-42144 02/13/95, RWD, 2/96
-------------------------------------------
MONTH: November 2001
---------------------
-------------------------------------------
PAYMENTS TO INSIDERS AND PROFESSIONALS
-------------------------------------------
OF THE TOTAL DISBURSEMENTS SHOWN FOR THE MONTH, LIST THE AMOUNT PAID TO
INSIDERS (AS DEFINED IN SECTION 101 (31) (A)-(F) OF THE U.S. BANKRUPTCY
CODE) AND TO PROFESSIONALS. ALSO, FOR PAYMENTS TO INSIDERS, IDENTIFY THE
TYPE OF COMPENSATION PAID (e.g. SALARY, BONUS, COMMISSIONS, INSURANCE,
HOUSING ALLOWANCE, TRAVEL, CAR ALLOWANCE, ETC.). ATTACH ADDITIONAL SHEETS IF
NECESSARY.
--------------------------------------------------------------------------
INSIDERS
--------------------------------------------------------------------------
TYPE OF AMOUNT TOTAL PAID
NAME PAYMENT PAID TO DATE
--------------------------------------------------------------------------
1. Xxxx Xxxxxxxxx Xxxxxx $0 $17,200
--------------------------------------------------------------------------
2. Xxx Xxxxxx Salary $0 $17,200
--------------------------------------------------------------------------
3. N/A
--------------------------------------------------------------------------
4. N/A
--------------------------------------------------------------------------
5. N/A
--------------------------------------------------------------------------
6. TOTAL PAYMENTS
TO INSIDERS $0 $34,400
--------------------------------------------------------------------------
--------------------------------------------------------------------------------------------------------
PROFESSIONALS
--------------------------------------------------------------------------------------------------------
DATE OF COURT TOTAL
ORDER AUTHORIZING AMOUNT AMOUNT TOTAL PAID INCURRED
NAME PAYMENT APPROVED PAID TO DATE & UNPAID*
--------------------------------------------------------------------------------------------------------
1. N/A
--------------------------------------------------------------------------------------------------------
2. N/A
--------------------------------------------------------------------------------------------------------
3. N/A
--------------------------------------------------------------------------------------------------------
4. N/A
--------------------------------------------------------------------------------------------------------
5. N/A
--------------------------------------------------------------------------------------------------------
6. TOTAL PAYMENTS
TO PROFESSIONALS $0 $0 $0 $0
--------------------------------------------------------------------------------------------------------
* INCLUDE ALL FEES INCURRED, BOTH APPROVED AND UNAPPROVED
-----------------------------------------------------------------
POSTPETITION STATUS OF SECURED NOTES, LEASES PAYABLE AND ADEQUATE
PROTECTION PAYMENTS
-----------------------------------------------------------------
-------------------------------------------------------------------------------------------
SCHEDULED AMOUNTS
MONTHLY PAID TOTAL
PAYMENTS DURING UNPAID
NAME OF CREDITOR DUE MONTH POSTPETITION
-------------------------------------------------------------------------------------------
1. GE Capital $ 855 $ 855 $0
-------------------------------------------------------------------------------------------
2. GE Capital $ 784 $ 784 $0
-------------------------------------------------------------------------------------------
3. GE Capital varies $ 0 $0
-------------------------------------------------------------------------------------------
4. N/A $ 0 $0
-------------------------------------------------------------------------------------------
5. N/A $0
-------------------------------------------------------------------------------------------
6 TOTAL $1,639 $1,639 $0
-------------------------------------------------------------------------------------------
--------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------
Monthly Operating Report
------------------------------------------------
CASE NAME: Kitty Hawk International, Inc. ACCRUAL BASIS-7
------------------------------------------------
------------------------------------------------
CASE NUMBER: 400-42144 02/13/95, RWD, 2/96
------------------------------------------------
MONTH: November 2001
-------------------------
------------------------------
QUESTIONNAIRE
----------------------------------------------------------------------------------------------
YES NO
----------------------------------------------------------------------------------------------
1. HAVE ANY ASSETS BEEN SOLD OR TRANSFERRED OUTSIDE
THE NORMAL COURSE OF BUSINESS THIS REPORTING PERIOD? X
----------------------------------------------------------------------------------------------
2. HAVE ANY FUNDS BEEN DISBURSED FROM ANY ACCOUNT
OTHER THAN A DEBTOR IN POSSESSION ACCOUNT? X
----------------------------------------------------------------------------------------------
3. ARE ANY POSTPETITION RECEIVABLES (ACCOUNTS, NOTES, OR
LOANS) DUE FROM RELATED PARTIES? X
----------------------------------------------------------------------------------------------
4. HAVE ANY PAYMENTS BEEN MADE ON PREPETITION LIABILITIES
THIS REPORTING PERIOD? X
----------------------------------------------------------------------------------------------
5. HAVE ANY POSTPETITION LOANS BEEN RECEIVED BY THE
DEBTOR FROM ANY PARTY? X
----------------------------------------------------------------------------------------------
6. ARE ANY POSTPETITION PAYROLL TAXES PAST DUE? X
----------------------------------------------------------------------------------------------
7. ARE ANY POSTPETITION STATE OR FEDERAL INCOME TAXES
PAST DUE? X
----------------------------------------------------------------------------------------------
8. ARE ANY POSTPETITION REAL ESTATE TAXES PAST DUE? X
----------------------------------------------------------------------------------------------
9. ARE ANY OTHER POSTPETITION TAXES PAST DUE? X
----------------------------------------------------------------------------------------------
10. ARE ANY AMOUNTS OWED TO POSTPETITION CREDITORS
DELINQUENT? X
----------------------------------------------------------------------------------------------
11. HAVE ANY PREPETITION TAXES BEEN PAID DURING THE
REPORTING PERIOD? X
----------------------------------------------------------------------------------------------
12. ARE ANY WAGE PAYMENTS PAST DUE? X
----------------------------------------------------------------------------------------------
IF THE ANSWER TO ANY OF THE ABOVE QUESTIONS IS "YES," PROVIDE A DETAILED
EXPLANATION OF EACH ITEM. ATTACH ADDITIONAL SHEETS IF NECESSARY.
Item 10 - there are equipment lease payments due 5/00 and 6/00 still
outstanding. These will be settled upon acceptance/rejection of leases.
Item 4 - Payments made to GE Capital as equipment is in use by other Kitty
Hawk entities. Additionally, a $12,000,000 disbursement was made out of the
restricted cash account by the trustee for the bondholders. These funds were
applied to the outstanding Senior Secured
Debt on the books of Kitty Hawk Inc. - case number 400-42141. The company
currently has no control over these funds.
--------------------------------------------------------------------------------
------------------------------
INSURANCE
----------------------------------------------------------------------------------------------
YES NO
----------------------------------------------------------------------------------------------
1. ARE WORKER'S COMPENSATION, GENERAL LIABILITY AND OTHER
NECESSARY INSURANCE COVERAGES IN EFFECT? X
----------------------------------------------------------------------------------------------
2. ARE ALL PREMIUM PAYMENTS PAID CURRENT? X
----------------------------------------------------------------------------------------------
3. PLEASE ITEMIZE POLICIES BELOW.
----------------------------------------------------------------------------------------------
IF THE ANSWER TO ANY OF THE ABOVE QUESTIONS IS "NO," OR IF ANY POLICIES
HAVE BEEN CANCELLED OR NOT RENEWED DURING THIS REPORTING PERIOD, PROVIDE
AN EXPLANATION BELOW. ATTACH ADDITIONAL SHEETS IF NECESSARY.
----------------------------------------------------------------------------
----------------------------------------------------------------------------
----------------------------------------------------------------------------------------------
INSTALLMENT PAYMENTS
----------------------------------------------------------------------------------------------
TYPE OF PAYMENT AMOUNT
POLICY CARRIER PERIOD COVERED & FREQUENCY
----------------------------------------------------------------------------------------------
See Kitty Hawk, Inc. Case #400-42141
----------------------------------------------------------------------------------------------
----------------------------------------------------------------------------------------------
----------------------------------------------------------------------------------------------
----------------------------------------------------------------------------------------------
----------------------------------------------------------------------------------------------
----------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------
-----------------------------------------------------------
CASE NAME: Kitty Hawk International, Inc. FOOTNOTES SUPPLEMENT
-----------------------------------------------------------
-----------------------------------------------------------
CASE NUMBER: 400-42144 ACCRUAL BASIS
-----------------------------------------------------------
MONTH: November 2001
-------------------------------
--------------------------------------------------------------------------------------------------------------------------------
ACCRUAL BASIS FORM NUMBER LINE NUMBER FOOTNOTE / EXPLANATION
--------------------------------------------------------------------------------------------------------------------------------
--------------------------------------------------------------------------------------------------------------------------------
--------------------------------------------------------------------------------------------------------------------------------
6 All Professional fees related to the Reorganization of the
--------------------------------------------------------------------------------------------------------------------------------
Company are disbursed out of Kitty Hawk, Inc. (Parent
--------------------------------------------------------------------------------------------------------------------------------
Company). Refer to Case # 400-42141
--------------------------------------------------------------------------------------------------------------------------------
--------------------------------------------------------------------------------------------------------------------------------
7 All insurance plans related to the Company are carried
--------------------------------------------------------------------------------------------------------------------------------
at Kitty Hawk, Inc. (Parent Company). Refer to Case #
--------------------------------------------------------------------------------------------------------------------------------
400-42141.
--------------------------------------------------------------------------------------------------------------------------------
--------------------------------------------------------------------------------------------------------------------------------
General This operation closed in May of 2000. Costs incurred during
--------------------------------------------------------------------------------------------------------------------------------
April 2001 consisted of costs associated with shut down
--------------------------------------------------------------------------------------------------------------------------------
procedures and maintaining collateral.
--------------------------------------------------------------------------------------------------------------------------------
--------------------------------------------------------------------------------------------------------------------------------
3 8 All cash received into the Company cash accounts is swept
--------------------------------------------------------------------------------------------------------------------------------
each night to Kitty Hawk, Inc. Master Account (see Case
--------------------------------------------------------------------------------------------------------------------------------
#400-42141).
--------------------------------------------------------------------------------------------------------------------------------
--------------------------------------------------------------------------------------------------------------------------------
3 31 All disbursements (either by wire transfer or check), including payroll, are
--------------------------------------------------------------------------------------------------------------------------------
disbursed out of the Kitty Hawk, Inc. controlled disbursement
--------------------------------------------------------------------------------------------------------------------------------
account.
--------------------------------------------------------------------------------------------------------------------------------
--------------------------------------------------------------------------------------------------------------------------------
4 6 All assessments of uncollectible accounts receivable are done
--------------------------------------------------------------------------------------------------------------------------------
at Kitty Hawk, Inc. Refer to Case #400-4214. All reserves
--------------------------------------------------------------------------------------------------------------------------------
are recorded at Inc. and pushed down to Inc.'s subsidiaries
--------------------------------------------------------------------------------------------------------------------------------
as deemed necessary.
--------------------------------------------------------------------------------------------------------------------------------
--------------------------------------------------------------------------------------------------------------------------------
3 28 All payments are made by Kitty Hawk, Inc. (Case #400-42141)
--------------------------------------------------------------------------------------------------------------------------------
--------------------------------------------------------------------------------------------------------------------------------
6 General The monthly GE Capital payments in the last year of the scheduled payments
--------------------------------------------------------------------------------------------------------------------------------
are significantly less than payments previously made.
--------------------------------------------------------------------------------------------------------------------------------
--------------------------------------------------------------------------------------------------------------------------------
--------------------------------------------------------------------------------------------------------------------------------
--------------------------------------------------------------------------------------------------------------------------------
--------------------------------------------------------------------------------------------------------------------------------
CASE NAME: Kitty Hawk International, Inc.
CASE NUMBER: 400-42144
Details of Other Items
ACCRUAL BASIS-1 November 2001
8. OTHER (ATTACH LIST) $ (335,367,911) Reported
----------------
Intercompany Receivables (350,857,301)
A/R Senior Noteholders 887,122
A/R 401(k) Loan (4,535)
A/R Insurance 133,954
A/R Auction Proceeds -
A/R Aging Reconciling item 109,021
Deferred Taxes 13,097,746
Loan Org Costs 7,942
Deposits - Aircraft 360,971
Deposits - Rent 481,774
Security Deposit 415,395
----------------
(335,367,911)Detail
----------------
- Difference
22. OTHER (ATTACH LIST) $ (148,484,962)Reported
----------------
Accrued income taxes (148,775,970)
Accrued Misc 279,508
Customer deposit -
Accrued Fuel 11,500
----------------
(148,484,962)Detail
----------------
- Difference
27. OTHER (ATTACH LIST) $ 75,509,394 Reported
----------------
Deferred Taxes 87,246,212
Accrued Taxes payable (18,954,646)
Aircraft Maintenance Reserves -
Accrued Fuel expenses 5,403,028
Prepaid Fuel (5,633,963)
Accrued Salaries/Vacation/Employee Benefits 4,075,349
Uncleared 4/28/00 Payroll Checks 66,601
A/P Other/Accrued/Unrecorded (275,816)
Purchase reserves 1,762,176
Accrued Landing fees/parking/cargo fees 1,646,149
Various accrued taxes 1,313,200
CASE NAME: Kitty Hawk International, Inc.
CASE NUMBER: 400-42144
Details of Other Items
Other Misc accruals (1,138,896)
--------------
75,509,394 Detail
--------------
- Differnece
ACCRUAL BASIS-2
21 NON-OPERATING INCOME (ATT. LIST) ($ 67,654) Reported
--------------
Interest income on restricted cash investments (67,654)
Gain on asset sales -
--------------
(67,654) Detail
--------------
- Differnece
ACCRUAL BASIS-3
8. OTHER (ATTACH LIST) - Reported
--------------
Transfer to Inc - all money sweeps
to KH Inc. Case #400-42141
--------------
- Detail
--------------
- Difference
