2020 Q1 Form 10-Q Financial Statement

#000159036420000005 Filed on May 01, 2020

View on sec.gov

Income Statement

Concept 2020 Q1 2019 Q1
Revenue $112.8M $114.9M
YoY Change -1.79% 66.89%
Cost Of Revenue $4.800M $3.800M
YoY Change 26.32% 2.7%
Gross Profit $108.1M $111.1M
YoY Change -2.7% 70.66%
Gross Profit Margin 95.8% 96.7%
Selling, General & Admin $4.700M $4.200M
YoY Change 11.9% 16.67%
% of Gross Profit 4.35% 3.78%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $42.20M $38.86M
YoY Change 8.58% 31.35%
% of Gross Profit 39.04% 34.98%
Operating Expenses $80.20M $61.92M
YoY Change 29.53% 124.51%
Operating Profit $27.90M $49.18M
YoY Change -43.27% 31.08%
Interest Expense $22.86M $20.73M
YoY Change 10.26% 74.66%
% of Operating Profit 81.94% 42.16%
Other Income/Expense, Net -$6.204M -$1.178M
YoY Change 426.66% -373.32%
Pretax Income -$4.489M -$9.687M
YoY Change -53.66% -16.09%
Income Tax -$98.00K $267.0K
% Of Pretax Income
Net Earnings -$2.863M -$6.380M
YoY Change -55.13% 1015.38%
Net Earnings / Revenue -2.54% -5.55%
Basic Earnings Per Share -$0.07
Diluted Earnings Per Share $19.77K -$0.07
COMMON SHARES
Basic Shares Outstanding 86.01M shares 85.99M shares
Diluted Shares Outstanding 86.01M shares 85.99M shares

Balance Sheet

Concept 2020 Q1 2019 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $45.10M $120.5M
YoY Change -62.57% 48.95%
Cash & Equivalents $45.12M $120.5M
Short-Term Investments
Other Short-Term Assets $108.1M
YoY Change 318.99%
Inventory
Prepaid Expenses
Receivables $57.90M $50.60M
Other Receivables $0.00 $0.00
Total Short-Term Assets $103.0M $279.2M
YoY Change -63.11% 94.56%
LONG-TERM ASSETS
Property, Plant & Equipment $789.3M $788.7M
YoY Change 0.08% 54.02%
Goodwill $122.7M $116.6M
YoY Change 5.28% 0.0%
Intangibles $25.12M $35.60M
YoY Change -29.46% -6.25%
Long-Term Investments $194.4M $39.78M
YoY Change 388.59% -8.98%
Other Assets $81.90M
YoY Change
Total Long-Term Assets $3.074B $2.669B
YoY Change 15.18% 40.13%
TOTAL ASSETS
Total Short-Term Assets $103.0M $279.2M
Total Long-Term Assets $3.074B $2.669B
Total Assets $3.177B $2.948B
YoY Change 7.76% 43.94%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $82.90M $97.40M
YoY Change -14.89% 73.93%
Accrued Expenses $62.50M $44.70M
YoY Change 39.82%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $0.00 $227.6M
YoY Change -100.0% 2819.7%
Total Short-Term Liabilities $187.6M $408.3M
YoY Change -54.05% 340.45%
LONG-TERM LIABILITIES
Long-Term Debt $1.446B $1.312B
YoY Change 10.16% 86.74%
Other Long-Term Liabilities $231.4M $253.9M
YoY Change -8.86% 101.99%
Total Long-Term Liabilities $1.677B $1.566B
YoY Change 7.07% 89.05%
TOTAL LIABILITIES
Total Short-Term Liabilities $187.6M $408.3M
Total Long-Term Liabilities $1.677B $1.566B
Total Liabilities $1.865B $1.975B
YoY Change -5.56% 114.33%
SHAREHOLDERS EQUITY
Retained Earnings $159.2M -$39.20M
YoY Change -506.15% -0.19%
Common Stock $851.0K $845.0K
YoY Change 0.71% 2.05%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.279B $919.9M
YoY Change
Total Liabilities & Shareholders Equity $3.177B $2.948B
YoY Change 7.76% 43.94%

Cashflow Statement

Concept 2020 Q1 2019 Q1
OPERATING ACTIVITIES
Net Income -$2.863M -$6.380M
YoY Change -55.13% 1015.38%
Depreciation, Depletion And Amortization $42.20M $38.86M
YoY Change 8.58% 31.35%
Cash From Operating Activities -$11.81M $20.27M
YoY Change -158.24% 76.72%
INVESTING ACTIVITIES
Capital Expenditures $60.40M $81.24M
YoY Change -25.65% 243.64%
Acquisitions
YoY Change
Other Investing Activities $29.90M $29.00M
YoY Change 3.1% 607.32%
Cash From Investing Activities -$91.13M -$166.4M
YoY Change -45.23% 46.62%
FINANCING ACTIVITIES
Cash Dividend Paid $28.38M
YoY Change 3.84%
Common Stock Issuance & Retirement, Net $0.00
YoY Change -100.0%
Debt Paid & Issued, Net $276.0M $47.22M
YoY Change 484.45% 274.42%
Cash From Financing Activities -$16.20M $253.9M
YoY Change -106.38% 118.94%
NET CHANGE
Cash From Operating Activities -$11.81M $20.27M
Cash From Investing Activities -$91.13M -$166.4M
Cash From Financing Activities -$16.20M $253.9M
Net Change In Cash -$119.1M $107.7M
YoY Change -210.57% 673.24%
FREE CASH FLOW
Cash From Operating Activities -$11.81M $20.27M
Capital Expenditures $60.40M $81.24M
Free Cash Flow -$72.21M -$60.97M
YoY Change 18.43% 400.95%

Facts In Submission

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CY2020Q1 us-gaap Dividends Preferred Stock Cash
DividendsPreferredStockCash
4539000 USD
CY2020Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
291000 USD
CY2020Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1311824000 USD
CY2018Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1053782000 USD
CY2019Q1 us-gaap Profit Loss
ProfitLoss
-9796000 USD
CY2019Q1 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-43012000 USD
CY2019Q1 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
-52808000 USD
CY2019Q1 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
235000 USD
CY2019Q1 us-gaap Adjustments To Additional Paid In Capital Dividends In Excess Of Retained Earnings
AdjustmentsToAdditionalPaidInCapitalDividendsInExcessOfRetainedEarnings
28383000 USD
CY2019Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
228000 USD
CY2019Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
973054000 USD
CY2020Q1 us-gaap Profit Loss
ProfitLoss
-3060000 USD
CY2019Q1 us-gaap Profit Loss
ProfitLoss
-9796000 USD
CY2020Q1 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
265000 USD
CY2019Q1 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
-384000 USD
CY2020Q1 us-gaap Gain Loss On Sale Of Business
GainLossOnSaleOfBusiness
1331000 USD
CY2019Q1 us-gaap Gain Loss On Sale Of Business
GainLossOnSaleOfBusiness
0 USD
CY2020Q1 us-gaap Gain Loss On Disposition Of Assets
GainLossOnDispositionOfAssets
-1819000 USD
CY2019Q1 us-gaap Gain Loss On Disposition Of Assets
GainLossOnDispositionOfAssets
1725000 USD
CY2020Q1 ftai Security Deposits And Maintenance Claims
SecurityDepositsAndMaintenanceClaims
-8844000 USD
CY2019Q1 ftai Security Deposits And Maintenance Claims
SecurityDepositsAndMaintenanceClaims
2953000 USD
CY2020Q1 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-4724000 USD
CY2019Q1 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
0 USD
CY2020Q1 ftai Share Based Payment Arrangement Expense Including Discontinued Operations
ShareBasedPaymentArrangementExpenseIncludingDiscontinuedOperations
291000 USD
CY2019Q1 ftai Share Based Payment Arrangement Expense Including Discontinued Operations
ShareBasedPaymentArrangementExpenseIncludingDiscontinuedOperations
228000 USD
CY2020Q1 ftai Depreciation Depletion And Amortization Including Discontinued Operations
DepreciationDepletionAndAmortizationIncludingDiscontinuedOperations
42197000 USD
CY2019Q1 ftai Depreciation Depletion And Amortization Including Discontinued Operations
DepreciationDepletionAndAmortizationIncludingDiscontinuedOperations
39533000 USD
CY2020Q1 us-gaap Deferred Income Taxes And Tax Credits
DeferredIncomeTaxesAndTaxCredits
3822000 USD
CY2020Q1 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
632000 USD
CY2019Q1 us-gaap Deferred Income Taxes And Tax Credits
DeferredIncomeTaxesAndTaxCredits
338000 USD
CY2020Q1 us-gaap Derivative Instruments Not Designated As Hedging Instruments Gain Loss Net
DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet
-181000 USD
CY2019Q1 us-gaap Derivative Instruments Not Designated As Hedging Instruments Gain Loss Net
DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet
-3220000 USD
CY2020Q1 ftai Amortizationof Lease Intangiblesand Incentives
AmortizationofLeaseIntangiblesandIncentives
6867000 USD
CY2019Q1 ftai Amortizationof Lease Intangiblesand Incentives
AmortizationofLeaseIntangiblesandIncentives
8334000 USD
CY2020Q1 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
2065000 USD
CY2019Q1 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
2025000 USD
CY2019Q1 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
2950000 USD
CY2020Q1 us-gaap Other Operating Activities Cash Flow Statement
OtherOperatingActivitiesCashFlowStatement
363000 USD
CY2019Q1 us-gaap Other Operating Activities Cash Flow Statement
OtherOperatingActivitiesCashFlowStatement
221000 USD
CY2020Q1 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
10780000 USD
CY2019Q1 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
1127000 USD
CY2020Q1 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
-7063000 USD
CY2019Q1 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
5295000 USD
CY2020Q1 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-46316000 USD
CY2019Q1 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-14348000 USD
CY2020Q1 us-gaap Increase Decrease In Due To Related Parties
IncreaseDecreaseInDueToRelatedParties
-20865000 USD
CY2019Q1 us-gaap Increase Decrease In Due To Related Parties
IncreaseDecreaseInDueToRelatedParties
-1158000 USD
CY2020Q1 us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
-8057000 USD
CY2019Q1 us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
-561000 USD
CY2020Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-11806000 USD
CY2019Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
20270000 USD
CY2020Q1 us-gaap Payments For Advance To Affiliate
PaymentsForAdvanceToAffiliate
2452000 USD
CY2019Q1 us-gaap Payments For Advance To Affiliate
PaymentsForAdvanceToAffiliate
0 USD
CY2020Q1 us-gaap Proceeds From Collection Of Lease Receivables
ProceedsFromCollectionOfLeaseReceivables
320000 USD
CY2019Q1 us-gaap Proceeds From Collection Of Lease Receivables
ProceedsFromCollectionOfLeaseReceivables
1289000 USD
CY2020Q1 us-gaap Payments To Acquire Equipment On Lease
PaymentsToAcquireEquipmentOnLease
57570000 USD
CY2019Q1 us-gaap Payments To Acquire Equipment On Lease
PaymentsToAcquireEquipmentOnLease
108919000 USD
CY2020Q1 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
60402000 USD
CY2019Q1 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
81241000 USD
CY2020Q1 ftai Acquisitionof Lease Intangibles Net
AcquisitionofLeaseIntangiblesNet
1161000 USD
CY2019Q1 ftai Acquisitionof Lease Intangibles Net
AcquisitionofLeaseIntangiblesNet
-589000 USD
CY2020Q1 ftai Paymentsfor Depositson Leasing Equipment
PaymentsforDepositsonLeasingEquipment
3100000 USD
CY2019Q1 ftai Paymentsfor Depositson Leasing Equipment
PaymentsforDepositsonLeasingEquipment
4625000 USD
CY2020Q1 ftai Proceeds From Saleof Equipmenton Lease
ProceedsFromSaleofEquipmentonLease
28568000 USD
CY2019Q1 ftai Proceeds From Saleof Equipmenton Lease
ProceedsFromSaleofEquipmentonLease
27292000 USD
CY2020Q1 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
0 USD
CY2019Q1 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
7000 USD
CY2020Q1 us-gaap Proceeds From Equity Method Investment Dividends Or Distributions Return Of Capital
ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital
0 USD
CY2019Q1 us-gaap Proceeds From Equity Method Investment Dividends Or Distributions Return Of Capital
ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital
398000 USD
CY2020Q1 ftai Proceeds From Deposits On Sale Of Machinery And Equipment
ProceedsFromDepositsOnSaleOfMachineryAndEquipment
2350000 USD
CY2019Q1 ftai Proceeds From Deposits On Sale Of Machinery And Equipment
ProceedsFromDepositsOnSaleOfMachineryAndEquipment
0 USD
CY2020Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-91125000 USD
CY2019Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-166388000 USD
CY2020Q1 us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
303980000 USD
CY2019Q1 us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
352680000 USD
CY2020Q1 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
275991000 USD
CY2019Q1 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
47222000 USD
CY2020Q1 us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
11767000 USD
CY2019Q1 us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
28611000 USD
CY2020Q1 ftai Increasein Security Deposits
IncreaseinSecurityDeposits
130000 USD
CY2019Q1 ftai Increasein Security Deposits
IncreaseinSecurityDeposits
1935000 USD
CY2020Q1 ftai Decreasein Security Deposits
DecreaseinSecurityDeposits
3815000 USD
CY2019Q1 ftai Decreasein Security Deposits
DecreaseinSecurityDeposits
233000 USD
CY2020Q1 ftai Increasein Maintenance Deposits
IncreaseinMaintenanceDeposits
13626000 USD
CY2019Q1 ftai Increasein Maintenance Deposits
IncreaseinMaintenanceDeposits
13495000 USD
CY2020Q1 ftai Decreasein Maintenance Deposits
DecreaseinMaintenanceDeposits
9185000 USD
CY2019Q1 ftai Decreasein Maintenance Deposits
DecreaseinMaintenanceDeposits
9807000 USD
CY2020Q1 us-gaap Proceeds From Issuance Of Preferred Stock And Preference Stock
ProceedsFromIssuanceOfPreferredStockAndPreferenceStock
-246000 USD
CY2019Q1 us-gaap Proceeds From Issuance Of Preferred Stock And Preference Stock
ProceedsFromIssuanceOfPreferredStockAndPreferenceStock
0 USD
CY2020Q1 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
28391000 USD
CY2019Q1 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
28383000 USD
CY2020Q1 us-gaap Payments Of Dividends Preferred Stock And Preference Stock
PaymentsOfDividendsPreferredStockAndPreferenceStock
4539000 USD
CY2019Q1 us-gaap Payments Of Dividends Preferred Stock And Preference Stock
PaymentsOfDividendsPreferredStockAndPreferenceStock
0 USD
CY2020Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-16198000 USD
CY2019Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
253854000 USD
CY2020Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-119129000 USD
CY2019Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
107736000 USD
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
242517000 USD
CY2018Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
120837000 USD
CY2020Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
123388000 USD
CY2019Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
228573000 USD
CY2020Q1 ftai Noncashor Part Noncash Acquisition Leasing Equipment Acquired
NoncashorPartNoncashAcquisitionLeasingEquipmentAcquired
-18872000 USD
CY2019Q1 ftai Noncashor Part Noncash Acquisition Leasing Equipment Acquired
NoncashorPartNoncashAcquisitionLeasingEquipmentAcquired
2128000 USD
CY2020Q1 us-gaap Noncash Or Part Noncash Acquisition Fixed Assets Acquired1
NoncashOrPartNoncashAcquisitionFixedAssetsAcquired1
4982000 USD
CY2019Q1 us-gaap Noncash Or Part Noncash Acquisition Fixed Assets Acquired1
NoncashOrPartNoncashAcquisitionFixedAssetsAcquired1
11210000 USD
CY2020Q1 ftai Noncashor Part Noncash Acquisition Security Deposits Settledand Assumed
NoncashorPartNoncashAcquisitionSecurityDepositsSettledandAssumed
1050000 USD
CY2019Q1 ftai Noncashor Part Noncash Acquisition Security Deposits Settledand Assumed
NoncashorPartNoncashAcquisitionSecurityDepositsSettledandAssumed
-1604000 USD
CY2020Q1 ftai Noncashor Part Noncash Acquisition Maintenance Deposits Billedand Assumed
NoncashorPartNoncashAcquisitionMaintenanceDepositsBilledandAssumed
13860000 USD
CY2019Q1 ftai Noncashor Part Noncash Acquisition Maintenance Deposits Billedand Assumed
NoncashorPartNoncashAcquisitionMaintenanceDepositsBilledandAssumed
-5405000 USD
CY2020Q1 ftai Noncash Changein Fair Valueof Cash Flow Hedge
NoncashChangeinFairValueofCashFlowHedge
0 USD
CY2019Q1 ftai Noncash Changein Fair Valueof Cash Flow Hedge
NoncashChangeinFairValueofCashFlowHedge
-43012000 USD
CY2020Q1 ftai Noncash Change In Equity Method Investment
NoncashChangeInEquityMethodInvestment
8758000 USD
CY2019Q1 ftai Noncash Change In Equity Method Investment
NoncashChangeInEquityMethodInvestment
0 USD
CY2020Q1 ftai Stock Issuance Costs Incurred During Noncashor Partial Noncash Transaction
StockIssuanceCostsIncurredDuringNoncashorPartialNoncashTransaction
154000 USD
CY2019Q1 ftai Stock Issuance Costs Incurred During Noncashor Partial Noncash Transaction
StockIssuanceCostsIncurredDuringNoncashorPartialNoncashTransaction
235000 USD
CY2020Q1 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
3 segment
CY2020Q1 us-gaap Number Of Operating Segments
NumberOfOperatingSegments
2 segment
CY2020Q1 us-gaap Use Of Estimates
UseOfEstimates
<span style="background-color:rgb(255,255,255, 0.0);color:#00497f;font-family:'Arial',sans-serif;font-size:9pt;font-style:italic;font-weight:700;line-height:120%;">Use of Estimates</span><span style="background-color:rgb(255,255,255, 0.0);color:#00497f;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:120%;">—</span><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:120%;">The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.</span>
CY2020Q1 us-gaap Unamortized Debt Issuance Expense
UnamortizedDebtIssuanceExpense
26400000 USD
CY2019Q4 us-gaap Unamortized Debt Issuance Expense
UnamortizedDebtIssuanceExpense
18100000 USD
CY2020Q1 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
2100000 USD
CY2020Q1 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
1700000 USD
CY2019Q1 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
2000000.0 USD
CY2020Q1 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<div style="text-align:justify;margin-top:6pt;"><span style="background-color:rgb(255,255,255, 0.0);color:#00497f;font-family:'Arial',sans-serif;font-size:9pt;font-style:italic;font-weight:700;line-height:120%;">Concentration of Credit Risk</span><span style="background-color:rgb(255,255,255, 0.0);color:#00497f;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:120%;">—</span><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:120%;">We are subject to concentrations of credit risk with respect to amounts due from customers on our finance leases and operating leases. We attempt to limit our credit risk by performing ongoing credit evaluations. During the three months ended March 31, 2020, one customer in the Jefferson Terminal segment and one customer in the Aviation Leasing segment accounted for approximately 16% and 11% of total revenue, respectively. During the three months ended March 31, 2019, one customer in the Jefferson Terminal segment accounted for approximately 22% of total revenue.</span></div><div style="text-align:justify;margin-top:6pt;"><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:120%;">As of March 31, 2020, there were no customers that represented greater than 10% of total accounts receivable, net. As of December 31, 2019, accounts receivable from one customer in the Jefferson Terminal segment represented 16% of total accounts receivable, net.</span></div><div style="text-align:justify;margin-top:6pt;"><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:120%;">We maintain cash and restricted cash balances, which generally exceed federally insured limits, and subject us to credit risk, in high credit quality financial institutions. We monitor the financial condition of these institutions and have not experienced any losses associated with these accounts.</span></div>
CY2019 ftai Concentration Risk Numberof Customers
ConcentrationRiskNumberofCustomers
1 customer
CY2019Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
1300000 USD
CY2020Q1 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
600000 USD
CY2019Q1 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
2900000 USD
CY2020Q1 us-gaap Inventory Gross
InventoryGross
15000000.0 USD
CY2019Q4 us-gaap Inventory Gross
InventoryGross
24500000 USD
CY2019Q1 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.33
CY2020Q1 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.33
CY2020Q1 us-gaap Preferred Stock Dividends Per Share Declared
PreferredStockDividendsPerShareDeclared
0.52
CY2019Q1 us-gaap Preferred Stock Dividends Per Share Declared
PreferredStockDividendsPerShareDeclared
0.50
CY2020Q1 ftai Operating Activities Discontinued Operations Bad Debt Expense
OperatingActivitiesDiscontinuedOperationsBadDebtExpense
0 USD
CY2019Q1 ftai Operating Activities Discontinued Operations Bad Debt Expense
OperatingActivitiesDiscontinuedOperationsBadDebtExpense
28000 USD
CY2020Q1 ftai Leasing Equipment Numberof Aircraft Acquired
LeasingEquipmentNumberofAircraftAcquired
2 aircraft
CY2020Q1 ftai Leasing Equipment Numberof Commercial Jet Engines Acquired
LeasingEquipmentNumberofCommercialJetEnginesAcquired
4 commercial_jet_engine
CY2020Q1 us-gaap Property Plant And Equipment Number Of Aircraft Sold
PropertyPlantAndEquipmentNumberOfAircraftSold
0 aircraft
CY2020Q1 ftai Numberof Commercial Engines Sold
NumberofCommercialEnginesSold
1 commercial_jet_engine
CY2020Q1 us-gaap Direct Financing Lease Lease Receivable
DirectFinancingLeaseLeaseReceivable
11638000 USD
CY2019Q4 us-gaap Direct Financing Lease Lease Receivable
DirectFinancingLeaseLeaseReceivable
12388000 USD
CY2020Q1 us-gaap Direct Financing Lease Deferred Selling Profit
DirectFinancingLeaseDeferredSellingProfit
3643000 USD
CY2019Q4 us-gaap Direct Financing Lease Deferred Selling Profit
DirectFinancingLeaseDeferredSellingProfit
4073000 USD
CY2020Q1 us-gaap Direct Financing Lease Net Investment In Lease
DirectFinancingLeaseNetInvestmentInLease
7995000 USD
CY2019Q4 us-gaap Direct Financing Lease Net Investment In Lease
DirectFinancingLeaseNetInvestmentInLease
8315000 USD
CY2020Q1 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
865870000 USD
CY2019Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
802044000 USD
CY2020Q1 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
76570000 USD
CY2019Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
69935000 USD
CY2020Q1 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
789300000 USD
CY2019Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
732109000 USD
CY2020Q1 us-gaap Property Plant And Equipment Additions
PropertyPlantAndEquipmentAdditions
63800000 USD
CY2020Q1 ftai Depreciation And Amortization Continuing Operations
DepreciationAndAmortizationContinuingOperations
6585000 USD
CY2019Q1 ftai Depreciation And Amortization Continuing Operations
DepreciationAndAmortizationContinuingOperations
6078000 USD
CY2020Q1 us-gaap Depreciation And Amortization Discontinued Operations
DepreciationAndAmortizationDiscontinuedOperations
0 USD
CY2019Q1 us-gaap Depreciation And Amortization Discontinued Operations
DepreciationAndAmortizationDiscontinuedOperations
659000 USD
CY2020Q1 us-gaap Depreciation
Depreciation
6585000 USD
CY2019Q1 us-gaap Depreciation
Depreciation
6737000 USD
CY2020Q1 us-gaap Equity Method Investments
EquityMethodInvestments
194352000 USD
CY2019Q4 us-gaap Equity Method Investments
EquityMethodInvestments
180550000 USD
CY2020Q1 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
265000 USD
CY2019Q1 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
-384000 USD
CY2020Q1 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
25115000 USD
CY2020Q1 us-gaap Below Market Lease Gross
BelowMarketLeaseGross
5061000 USD
CY2020Q1 us-gaap Below Market Lease Accumulated Amortization
BelowMarketLeaseAccumulatedAmortization
2301000 USD
CY2020Q1 us-gaap Below Market Lease Net
BelowMarketLeaseNet
2760000 USD
CY2019Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
27692000 USD
CY2019Q4 us-gaap Below Market Lease Gross
BelowMarketLeaseGross
5170000 USD
CY2019Q4 us-gaap Below Market Lease Accumulated Amortization
BelowMarketLeaseAccumulatedAmortization
3014000 USD
CY2019Q4 us-gaap Below Market Lease Net
BelowMarketLeaseNet
2156000 USD
CY2020Q1 ftai Amortizationof Intangible Assetsand Liabilities Net
AmortizationofIntangibleAssetsandLiabilitiesNet
2020000 USD
CY2019Q1 ftai Amortizationof Intangible Assetsand Liabilities Net
AmortizationofIntangibleAssetsandLiabilitiesNet
3362000 USD
CY2020Q1 ftai Finite Lived Intangible Assetsand Below Market Leases Amortization Expense Net Remainderof Fiscal Year
FiniteLivedIntangibleAssetsandBelowMarketLeasesAmortizationExpenseNetRemainderofFiscalYear
5265000 USD
CY2020Q1 ftai Finite Lived Intangible Assetsand Below Market Leases Amortization Expense Net Year Two
FiniteLivedIntangibleAssetsandBelowMarketLeasesAmortizationExpenseNetYearTwo
6147000 USD
CY2020Q1 ftai Finite Lived Intangible Assetsand Below Market Leases Amortization Expense Net Year Three
FiniteLivedIntangibleAssetsandBelowMarketLeasesAmortizationExpenseNetYearThree
4820000 USD
CY2020Q1 ftai Finite Lived Intangible Assetsand Below Market Leases Amortization Expense Net Year Four
FiniteLivedIntangibleAssetsandBelowMarketLeasesAmortizationExpenseNetYearFour
3746000 USD
CY2020Q1 ftai Finite Lived Intangible Assetsand Below Market Leases Amortization Expense Net Year Five
FiniteLivedIntangibleAssetsandBelowMarketLeasesAmortizationExpenseNetYearFive
2377000 USD
CY2020Q1 ftai Finite Lived Intangible Assetsand Below Market Leases Amortization Expense Net After Year Five
FiniteLivedIntangibleAssetsandBelowMarketLeasesAmortizationExpenseNetAfterYearFive
0 USD
CY2020Q1 ftai Finite Livedintangibleassetsand Below Market Leases Net
FiniteLivedintangibleassetsandBelowMarketLeasesNet
22355000 USD
CY2020Q1 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
1472125000 USD
CY2019Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
1439039000 USD
CY2020Q1 us-gaap Unamortized Debt Issuance Expense
UnamortizedDebtIssuanceExpense
26390000 USD
CY2019Q4 us-gaap Unamortized Debt Issuance Expense
UnamortizedDebtIssuanceExpense
18111000 USD
CY2020Q1 us-gaap Long Term Debt
LongTermDebt
1445735000 USD
CY2019Q4 us-gaap Long Term Debt
LongTermDebt
1420928000 USD
CY2020Q1 us-gaap Long Term Debt Current
LongTermDebtCurrent
0 USD
CY2019Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
182019000 USD
CY2020Q1 us-gaap Assets Fair Value Disclosure
AssetsFairValueDisclosure
123388000 USD
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185197 shares

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