$FLYX Cashflow Statement | Understand Stock

$FLYX

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Financial Statements

Income Statement Balance Sheet Cashflow Statement

Consolidated Statements of Cash Flows

In millions of USD, except per-share amounts

	FY2025 12 months to Dec 31, 2025	FY2024 12 months to Dec 31, 2024	FY2023 12 months to Dec 31, 2023	FY2022 12 months to Dec 31, 2022	FY2021 11 months to Dec 31, 2021
Cash flows from operating activities:
Net income
Net loss
Adjustments to reconcile net loss to net cash from operating activities:
Trust interest income
Depreciation and amortization
Amortization of finance lease right-of-use assets
Amortization of contract costs
Non-cash interest income
Non-cash interest expense
Gain on sale of property and equipment
Non-cash rent expense
(Gain) loss on aircraft sales and aircraft held for sale
Change in fair value of derivative liability
Loss (gain) on lease termination
Provision for credit losses
Provision for inventory reserve
Realized loss on investment securities
Change in fair value of warrant liability
Private Placement Warrants
Public Warrants
Penny Warrants
Total change in fair value of warrant liability
Change in fair value of over-allotment liability
Loss on extinguishment of debt
Stock-based compensation
Warrant issuance costs
Gain on forgiveness of CARES Act loan
Changes in operating assets and liabilities, net of effects from acquisitions:
Prepaid expenses
Due to related party
Accrued offering costs and expenses
Accounts payable and accrued expenses
Income taxes payable
Accounts receivable
Nonrelated Party
Related Party
Notes receivable - related parties
Other receivables
Parts and supplies inventory
Prepaid expenses and other current assets
Operating lease liabilities
Other assets
Accounts payable
Nonrelated Party
Related Party
Total accounts payable
Other current liabilities
Deferred revenue
Fractional Ownership
Guaranteed Revenue Program
Total deferred revenue
Other non-current liabilities

Net cash flows from operating activities
Cash flows from investing activities:
Marketable securities held in Trust Account
Capitalized development costs
Purchases of property and equipment
Proceeds from sales of property and equipment
Finance lease direct initial costs
Purchases of engine overhauls
Purchases of investments
Proceeds from sale of investments
Notes receivable paydowns
Proceeds from notes receivable
Net cash flows from investing activities

Cash flows from financing activities:
Proceeds from Initial Public Offering, net of underwriters' fees
Proceeds from private placement
Proceeds from issuance of promissory note to related party
Repayment of promissory note to related party
Proceeds from issuance of debt
Repayment of debt
Proceeds from issuance of Bridge Notes
Payment of deferred financing costs
Payment of debt issuance costs
Proceeds from notes receivable noncontrolling interest
Cash contributions from members
Cash distributions to members
Proceeds from failed sale-leaseback of aircraft
Payment of dividends, preferred stock
Repayment of finance lease
Cash contributions - noncontrolling interests
Cash distributions - noncontrolling interests
Proceeds from preferred temporary equity issuance, net of issuance costs
Proceeds from common stock issuance, net of issuance costs
Proceeds from preferred stock issuance, net of issuance costs
Net cash flows from financing activities

Net change in cash
Cash, beginning of the period
Cash, end of the period
Net increase (decrease) in cash and cash equivalents
Cash and cash equivalents at beginning of period
Cash and cash equivalents at end of period
Supplemental disclosure of cash flow information:
Cash paid for interest
Finance lease interest
Non-cash investing and financing activities:
Deferred offering costs paid by Sponsor in exchange for issuance of Class B common stock
Deferred underwriting commissions charged to additional paid in capital
Deferred offering costs paid by Sponsor loan
Reclassification of LGM Enterprises, LLC members' deficit to accumulated deficit in connection with the Merger
Non-cash directors and officers insurance
Conversion of Bridge Notes held by affiliates of EGA Sponsor into shares of flyExclusive Class A common stock in connection with the Merger
Conversion of Bridge Notes held by non-affiliates into shares of flyExclusive Class A common stock in connection with the Merger
Conversion of LGM Common Units to flyExclusive Class B Common Stock in connection with the Merger
Initial value of short-term notes payable - related party recognized in connection with the Merger
Initial public and private placement warrant liabilities recognized in connection with the Merger
Exchange of public warrants for flyExclusive Class A common stock
Change in redemption value of redeemable noncontrolling interest
Initial classification of warrant liability
Conversion of Series B Temporary Equity to Class A common stock
Issuances of Class A common stock
Issuance of Class A common stock upon cashless exercise of warrants
Issuance of penny warrants in connection with temporary equity
Dividends payable and amortization of discount on Temporary Equity
Series A Preferred Stock
Series B Preferred stock
Redeemable noncontrolling interest resulting from the Merger
Excise tax payable
Non-cash transfer of aircraft and related debt
Payable to underwriter as reimbursement for shares purchased on Closing Date
Equity-classified obligation - Amended Underwriting Agreement
Prepaid expenses assumed in connection with the Merger
Accounts payable assumed in connection with the Merger
Other current liabilities assumed in connection with the Merger
Non-cash impact of specific incremental costs directly attributable to the offering of securities in connection with the closing of the Merger as reduction to APIC
Transfers from prepaid engine overhaul to property and equipment
Change in purchases of property and equipment in accounts payable
Transfer of fixed assets and prepaid engine overhauls to held for sale
Transfers of aircraft from held for sale, non-current portion to held for sale, current portion
Unrealized change in fair value of available-for-sale securities
Initial fair value of derivative liability
Debt issuance costs included in accounts payable
Right of use asset impact for new leases
ROU assets obtained in exchange for operating lease liabilities
ROU assets obtained in exchange for finance lease liabilities
Non-cash exchanges of aircraft ownership interests
Transfers from finance lease ROU assets to property and equipment
Consideration payable to customer
Non-cash exchanges for non-controlling ownership interest
Acquisitions of non-controlling interests
Non-cash aircraft sale-leaseback transactions

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