$FTAI
FTAI Aviation Ltd.

2021 Q1 Form 10-Q Financial Statement

#000159036421000004 Filed on April 30, 2021

View on sec.gov

Income Statement

Concept 2021 Q1 2020 Q1 2019 Q4
Revenue $77.15M $112.8M $161.3M
YoY Change -31.63% -1.79% 25.4%
Cost Of Revenue $4.000M $4.800M $19.10M
YoY Change -16.67% 26.32% 430.56%
Gross Profit $73.20M $108.1M $142.2M
YoY Change -32.28% -2.7% 47.36%
Gross Profit Margin 94.88% 95.8% 88.14%
Selling, General & Admin $4.300M $4.700M $7.200M
YoY Change -8.51% 11.9% 44.0%
% of Gross Profit 5.87% 4.35% 5.06%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $44.54M $42.20M $51.50M
YoY Change 5.54% 8.58% 5.97%
% of Gross Profit 60.84% 39.04% 36.22%
Operating Expenses $73.80M $80.20M $123.4M
YoY Change -7.98% 29.53% 50.86%
Operating Profit -$600.0K $27.90M $18.80M
YoY Change -102.15% -43.27% 27.89%
Interest Expense $32.99M $22.86M -$19.00M
YoY Change 44.31% 10.26% 9.83%
% of Operating Profit 81.94% -101.06%
Other Income/Expense, Net $2.651M -$6.204M $141.1M
YoY Change -142.73% 426.66% 41510.91%
Pretax Income -$34.71M -$4.489M $128.5M
YoY Change 673.16% -53.66% -9599.7%
Income Tax $169.0K -$98.00K $19.00M
% Of Pretax Income 14.78%
Net Earnings -$34.88M -$2.863M $183.6M
YoY Change 1118.16% -55.13% 17609.45%
Net Earnings / Revenue -45.21% -2.54% 113.83%
Basic Earnings Per Share -$0.40
Diluted Earnings Per Share -$0.40 $19.77K $2.108M
COMMON SHARES
Basic Shares Outstanding 86.03M shares 86.01M shares 86.00M shares
Diluted Shares Outstanding 86.03M shares 86.01M shares 86.09M shares

Balance Sheet

Concept 2021 Q1 2020 Q1 2019 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $160.3M $45.10M $226.5M
YoY Change 255.43% -62.57% 127.41%
Cash & Equivalents $160.3M $45.12M $226.5M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables $111.9M $57.90M $49.50M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $272.2M $103.0M $276.0M
YoY Change 164.27% -63.11% 65.07%
LONG-TERM ASSETS
Property, Plant & Equipment $1.001B $789.3M $732.1M
YoY Change 26.82% 0.08% 10.59%
Goodwill $122.7M $122.7M $122.6M
YoY Change 0.0% 5.28% 5.69%
Intangibles $16.81M $25.12M $27.69M
YoY Change -33.07% -29.46% -28.07%
Long-Term Investments $161.8M $194.4M $180.6M
YoY Change -16.77% 388.59% 345.14%
Other Assets $57.70M $81.90M $16.00M
YoY Change -29.55% -71.78%
Total Long-Term Assets $3.320B $3.074B $2.961B
YoY Change 8.01% 15.18% 19.8%
TOTAL ASSETS
Total Short-Term Assets $272.2M $103.0M $276.0M
Total Long-Term Assets $3.320B $3.074B $2.961B
Total Assets $3.592B $3.177B $3.237B
YoY Change 13.08% 7.76% 22.67%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $101.2M $82.90M $144.9M
YoY Change 22.07% -14.89% 43.89%
Accrued Expenses $64.20M $62.50M $37.00M
YoY Change 2.72% 39.82%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $575.0M $0.00 $25.00M
YoY Change -100.0% -49.41%
Total Short-Term Liabilities $200.5M $187.6M $409.2M
YoY Change 6.88% -54.05% 116.97%
LONG-TERM LIABILITIES
Long-Term Debt $2.077B $1.446B $1.239B
YoY Change 43.7% 10.16% 6.28%
Other Long-Term Liabilities $170.5M $231.4M $250.1M
YoY Change -26.32% -8.86% 8.41%
Total Long-Term Liabilities $2.248B $1.677B $1.489B
YoY Change 34.03% 7.07% 6.63%
TOTAL LIABILITIES
Total Short-Term Liabilities $200.5M $187.6M $409.2M
Total Long-Term Liabilities $2.248B $1.677B $1.489B
Total Liabilities $2.448B $1.865B $1.898B
YoY Change 31.3% -5.56% 19.75%
SHAREHOLDERS EQUITY
Retained Earnings -$58.07M $159.2M $190.5M
YoY Change -136.48% -506.15% -680.35%
Common Stock $856.0K $851.0K $849.0K
YoY Change 0.59% 0.71% 1.07%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.125B $1.279B $1.302B
YoY Change
Total Liabilities & Shareholders Equity $3.592B $3.177B $3.237B
YoY Change 13.08% 7.76% 22.67%

Cashflow Statement

Concept 2021 Q1 2020 Q1 2019 Q4
OPERATING ACTIVITIES
Net Income -$34.88M -$2.863M $183.6M
YoY Change 1118.16% -55.13% 17609.45%
Depreciation, Depletion And Amortization $44.54M $42.20M $51.50M
YoY Change 5.54% 8.58% 5.97%
Cash From Operating Activities -$48.93M -$11.81M $58.30M
YoY Change 314.47% -158.24% 23.26%
INVESTING ACTIVITIES
Capital Expenditures $39.30M $60.40M -$323.5M
YoY Change -34.93% -25.65% 48.33%
Acquisitions
YoY Change
Other Investing Activities $8.900M $29.90M $238.2M
YoY Change -70.23% 3.1% 1370.37%
Cash From Investing Activities -$154.4M -$91.13M -$85.30M
YoY Change 69.46% -45.23% -57.75%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net $0.00 $276.0M
YoY Change -100.0% 484.45%
Cash From Financing Activities $235.4M -$16.20M 119.0M
YoY Change -1553.32% -106.38% 32.22%
NET CHANGE
Cash From Operating Activities -$48.93M -$11.81M 58.30M
Cash From Investing Activities -$154.4M -$91.13M -85.30M
Cash From Financing Activities $235.4M -$16.20M 119.0M
Net Change In Cash $32.06M -$119.1M 92.00M
YoY Change -126.91% -210.57% -242.41%
FREE CASH FLOW
Cash From Operating Activities -$48.93M -$11.81M $58.30M
Capital Expenditures $39.30M $60.40M -$323.5M
Free Cash Flow -$88.23M -$72.21M $381.8M
YoY Change 22.19% 18.43% 43.86%

Facts In Submission

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CY2021Q1 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification Tax Parent
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationTaxParent
2646000 USD
CY2020Q1 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification Tax Parent
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationTaxParent
2326000 USD
CY2020Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1099321000 USD
CY2021Q1 us-gaap Profit Loss
ProfitLoss
-34876000 USD
CY2021Q1 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
9954000 USD
CY2021Q1 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
-24922000 USD
CY2021Q1 ftai Noncontrolling Interest Settlement Of Equity Based Compensation
NoncontrollingInterestSettlementOfEquityBasedCompensation
-183000 USD
CY2021Q1 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
150000 USD
CY2021Q1 us-gaap Adjustments To Additional Paid In Capital Dividends In Excess Of Retained Earnings
AdjustmentsToAdditionalPaidInCapitalDividendsInExcessOfRetainedEarnings
28383000 USD
CY2021Q1 ftai Stock Issued During Period Value New Issues Preferred Shares
StockIssuedDuringPeriodValueNewIssuesPreferredShares
101180000 USD
CY2021Q1 us-gaap Dividends Preferred Stock Cash
DividendsPreferredStockCash
4625000 USD
CY2021Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
1114000 USD
CY2021Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1143652000 USD
CY2019Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1338857000 USD
CY2020Q1 us-gaap Profit Loss
ProfitLoss
-3060000 USD
CY2020Q1 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
8758000 USD
CY2020Q1 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
5698000 USD
CY2020Q1 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
156000 USD
CY2020Q1 ftai Adjustmentsto Additional Paidin Capital Conversionof Securities
AdjustmentstoAdditionalPaidinCapitalConversionofSecurities
2000 USD
CY2020Q1 us-gaap Adjustments To Additional Paid In Capital Dividends In Excess Of Retained Earnings
AdjustmentsToAdditionalPaidInCapitalDividendsInExcessOfRetainedEarnings
28391000 USD
CY2020Q1 ftai Adjustments To Additional Paid In Capital Issuance Costs Of Preferred Shares
AdjustmentsToAdditionalPaidInCapitalIssuanceCostsOfPreferredShares
-246000 USD
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
CY2021Q1 us-gaap Profit Loss
ProfitLoss
-34876000 USD
CY2020Q1 us-gaap Profit Loss
ProfitLoss
-3060000 USD
CY2021Q1 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
1374000 USD
CY2020Q1 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
265000 USD
CY2021Q1 us-gaap Gain Loss On Sale Of Business
GainLossOnSaleOfBusiness
0 USD
CY2020Q1 us-gaap Gain Loss On Sale Of Business
GainLossOnSaleOfBusiness
1331000 USD
CY2021Q1 us-gaap Gain Loss On Disposition Of Assets
GainLossOnDispositionOfAssets
811000 USD
CY2020Q1 us-gaap Gain Loss On Disposition Of Assets
GainLossOnDispositionOfAssets
-1819000 USD
CY2021Q1 ftai Security Deposits And Maintenance Claims
SecurityDepositsAndMaintenanceClaims
2836000 USD
CY2020Q1 ftai Security Deposits And Maintenance Claims
SecurityDepositsAndMaintenanceClaims
-8844000 USD
CY2021Q1 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
0 USD
CY2020Q1 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-4724000 USD
CY2021Q1 ftai Share Based Payment Arrangement Expense Including Discontinued Operations
ShareBasedPaymentArrangementExpenseIncludingDiscontinuedOperations
1114000 USD
CY2020Q1 ftai Share Based Payment Arrangement Expense Including Discontinued Operations
ShareBasedPaymentArrangementExpenseIncludingDiscontinuedOperations
291000 USD
CY2021Q1 ftai Depreciation Depletion And Amortization Including Discontinued Operations
DepreciationDepletionAndAmortizationIncludingDiscontinuedOperations
44535000 USD
CY2020Q1 ftai Depreciation Depletion And Amortization Including Discontinued Operations
DepreciationDepletionAndAmortizationIncludingDiscontinuedOperations
42197000 USD
CY2021Q1 us-gaap Asset Impairment Charges
AssetImpairmentCharges
2100000 USD
CY2020Q1 us-gaap Asset Impairment Charges
AssetImpairmentCharges
0 USD
CY2021Q1 us-gaap Deferred Income Taxes And Tax Credits
DeferredIncomeTaxesAndTaxCredits
0 USD
CY2020Q1 us-gaap Deferred Income Taxes And Tax Credits
DeferredIncomeTaxesAndTaxCredits
3822000 USD
CY2021Q1 us-gaap Derivative Instruments Not Designated As Hedging Instruments Gain Loss Net
DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet
7964000 USD
CY2020Q1 us-gaap Derivative Instruments Not Designated As Hedging Instruments Gain Loss Net
DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet
-181000 USD
CY2021Q1 ftai Amortizationof Lease Intangiblesand Incentives
AmortizationofLeaseIntangiblesandIncentives
8108000 USD
CY2020Q1 ftai Amortizationof Lease Intangiblesand Incentives
AmortizationofLeaseIntangiblesandIncentives
6867000 USD
CY2021Q1 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
2268000 USD
CY2020Q1 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
2065000 USD
CY2021Q1 ftai Accounts Receivable Credit Loss Expense Reversal Including Discontinued Operations
AccountsReceivableCreditLossExpenseReversalIncludingDiscontinuedOperations
-547000 USD
CY2020Q1 ftai Accounts Receivable Credit Loss Expense Reversal Including Discontinued Operations
AccountsReceivableCreditLossExpenseReversalIncludingDiscontinuedOperations
632000 USD
CY2021Q1 us-gaap Other Operating Activities Cash Flow Statement
OtherOperatingActivitiesCashFlowStatement
-279000 USD
CY2020Q1 us-gaap Other Operating Activities Cash Flow Statement
OtherOperatingActivitiesCashFlowStatement
363000 USD
CY2021Q1 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
19786000 USD
CY2020Q1 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
10780000 USD
CY2021Q1 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
17953000 USD
CY2020Q1 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
-7063000 USD
CY2021Q1 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-19707000 USD
CY2020Q1 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-46316000 USD
CY2021Q1 us-gaap Increase Decrease In Due To Related Parties
IncreaseDecreaseInDueToRelatedParties
-602000 USD
CY2020Q1 us-gaap Increase Decrease In Due To Related Parties
IncreaseDecreaseInDueToRelatedParties
-20865000 USD
CY2021Q1 us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
-322000 USD
CY2020Q1 us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
-8057000 USD
CY2021Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-48932000 USD
CY2020Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-11806000 USD
CY2021Q1 us-gaap Payments For Advance To Affiliate
PaymentsForAdvanceToAffiliate
1278000 USD
CY2020Q1 us-gaap Payments For Advance To Affiliate
PaymentsForAdvanceToAffiliate
2452000 USD
CY2021Q1 us-gaap Proceeds From Collection Of Lease Receivables
ProceedsFromCollectionOfLeaseReceivables
395000 USD
CY2020Q1 us-gaap Proceeds From Collection Of Lease Receivables
ProceedsFromCollectionOfLeaseReceivables
320000 USD
CY2021Q1 us-gaap Payments To Acquire Equipment On Lease
PaymentsToAcquireEquipmentOnLease
114781000 USD
CY2020Q1 us-gaap Payments To Acquire Equipment On Lease
PaymentsToAcquireEquipmentOnLease
57570000 USD
CY2021Q1 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
39302000 USD
CY2020Q1 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
60402000 USD
CY2021Q1 ftai Acquisitionof Lease Intangibles Net
AcquisitionofLeaseIntangiblesNet
-386000 USD
CY2020Q1 ftai Acquisitionof Lease Intangibles Net
AcquisitionofLeaseIntangiblesNet
1161000 USD
CY2021Q1 ftai Paymentsfor Depositson Leasing Equipment
PaymentsforDepositsonLeasingEquipment
9250000 USD
CY2020Q1 ftai Paymentsfor Depositson Leasing Equipment
PaymentsforDepositsonLeasingEquipment
3100000 USD
CY2021Q1 ftai Proceeds From Saleof Equipmenton Lease
ProceedsFromSaleofEquipmentonLease
4574000 USD
CY2020Q1 ftai Proceeds From Saleof Equipmenton Lease
ProceedsFromSaleofEquipmentonLease
28568000 USD
CY2021Q1 us-gaap Proceeds From Sale Of Other Assets Investing Activities
ProceedsFromSaleOfOtherAssetsInvestingActivities
4600000 USD
CY2020Q1 us-gaap Proceeds From Sale Of Other Assets Investing Activities
ProceedsFromSaleOfOtherAssetsInvestingActivities
0 USD
CY2021Q1 ftai Proceeds From Deposits On Sale Of Machinery And Equipment
ProceedsFromDepositsOnSaleOfMachineryAndEquipment
1010000 USD
CY2020Q1 ftai Proceeds From Deposits On Sale Of Machinery And Equipment
ProceedsFromDepositsOnSaleOfMachineryAndEquipment
2350000 USD
CY2021Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-154418000 USD
CY2020Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-91125000 USD
CY2021Q1 us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
171600000 USD
CY2020Q1 us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
303980000 USD
CY2021Q1 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
0 USD
CY2020Q1 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
275991000 USD
CY2021Q1 us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
563000 USD
CY2020Q1 us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
11767000 USD
CY2021Q1 ftai Increasein Security Deposits
IncreaseinSecurityDeposits
70000 USD
CY2020Q1 ftai Increasein Security Deposits
IncreaseinSecurityDeposits
130000 USD
CY2021Q1 ftai Decreasein Security Deposits
DecreaseinSecurityDeposits
975000 USD
CY2020Q1 ftai Decreasein Security Deposits
DecreaseinSecurityDeposits
3815000 USD
CY2021Q1 ftai Increasein Maintenance Deposits
IncreaseinMaintenanceDeposits
8770000 USD
CY2020Q1 ftai Increasein Maintenance Deposits
IncreaseinMaintenanceDeposits
13626000 USD
CY2021Q1 ftai Decreasein Maintenance Deposits
DecreaseinMaintenanceDeposits
11483000 USD
CY2020Q1 ftai Decreasein Maintenance Deposits
DecreaseinMaintenanceDeposits
9185000 USD
CY2021Q1 us-gaap Proceeds From Issuance Of Preferred Stock And Preference Stock
ProceedsFromIssuanceOfPreferredStockAndPreferenceStock
101180000 USD
CY2020Q1 us-gaap Proceeds From Issuance Of Preferred Stock And Preference Stock
ProceedsFromIssuanceOfPreferredStockAndPreferenceStock
-246000 USD
CY2021Q1 ftai Noncontrolling Interest Settlement Of Equity Based Compensation
NoncontrollingInterestSettlementOfEquityBasedCompensation
-183000 USD
CY2020Q1 ftai Noncontrolling Interest Settlement Of Equity Based Compensation
NoncontrollingInterestSettlementOfEquityBasedCompensation
0 USD
CY2021Q1 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
28383000 USD
CY2020Q1 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
28391000 USD
CY2021Q1 us-gaap Payments Of Dividends Preferred Stock And Preference Stock
PaymentsOfDividendsPreferredStockAndPreferenceStock
4625000 USD
CY2021Q1 us-gaap Use Of Estimates
UseOfEstimates
<span style="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="color:#00497f;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:120%">—</span><span style="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 Payments Of Dividends Preferred Stock And Preference Stock
PaymentsOfDividendsPreferredStockAndPreferenceStock
4539000 USD
CY2021Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
235408000 USD
CY2020Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-16198000 USD
CY2021Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
32058000 USD
CY2020Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-119129000 USD
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
161418000 USD
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
242517000 USD
CY2021Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
193476000 USD
CY2020Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
123388000 USD
CY2021Q1 ftai Noncashor Part Noncash Acquisition Leasing Equipment Acquired
NoncashorPartNoncashAcquisitionLeasingEquipmentAcquired
24433000 USD
CY2020Q1 ftai Noncashor Part Noncash Acquisition Leasing Equipment Acquired
NoncashorPartNoncashAcquisitionLeasingEquipmentAcquired
18872000 USD
CY2021Q1 us-gaap Noncash Or Part Noncash Acquisition Fixed Assets Acquired1
NoncashOrPartNoncashAcquisitionFixedAssetsAcquired1
8503000 USD
CY2020Q1 us-gaap Noncash Or Part Noncash Acquisition Fixed Assets Acquired1
NoncashOrPartNoncashAcquisitionFixedAssetsAcquired1
4982000 USD
CY2021Q1 ftai Noncashor Part Noncash Acquisition Security Deposits Settledand Assumed
NoncashorPartNoncashAcquisitionSecurityDepositsSettledandAssumed
697000 USD
CY2020Q1 ftai Noncashor Part Noncash Acquisition Security Deposits Settledand Assumed
NoncashorPartNoncashAcquisitionSecurityDepositsSettledandAssumed
-1050000 USD
CY2021Q1 ftai Noncashor Part Noncash Acquisition Maintenance Deposits Billedand Assumed
NoncashorPartNoncashAcquisitionMaintenanceDepositsBilledandAssumed
-4541000 USD
CY2020Q1 ftai Noncashor Part Noncash Acquisition Maintenance Deposits Billedand Assumed
NoncashorPartNoncashAcquisitionMaintenanceDepositsBilledandAssumed
-13860000 USD
CY2021Q1 ftai Noncash Change In Equity Method Investment
NoncashChangeInEquityMethodInvestment
9954000 USD
CY2020Q1 ftai Noncash Change In Equity Method Investment
NoncashChangeInEquityMethodInvestment
8758000 USD
CY2021Q1 ftai Stock Issuance Costs Incurred During Noncashor Partial Noncash Transaction
StockIssuanceCostsIncurredDuringNoncashorPartialNoncashTransaction
150000 USD
CY2020Q1 ftai Stock Issuance Costs Incurred During Noncashor Partial Noncash Transaction
StockIssuanceCostsIncurredDuringNoncashorPartialNoncashTransaction
154000 USD
CY2021Q1 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
3 segment
CY2021Q1 us-gaap Number Of Operating Segments
NumberOfOperatingSegments
2 segment
CY2021Q1 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
2300000 USD
CY2020Q1 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
2100000 USD
CY2020Q1 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.33
CY2021Q1 us-gaap Preferred Stock Dividends Per Share Declared
PreferredStockDividendsPerShareDeclared
0.52
CY2020Q1 us-gaap Preferred Stock Dividends Per Share Declared
PreferredStockDividendsPerShareDeclared
0.50
CY2021Q1 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<div style="margin-top:6pt;text-align:justify"><span style="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="color:#00497f;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:120%">—</span><span style="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 and, when deemed necessary, enter into collateral arrangements. During the three months ended March 31, 2021, one customer in the Aviation Leasing segment accounted for approximately 11% of total revenue. 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.</span></div><div style="margin-top:6pt;text-align:justify"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:120%">As of March 31, 2021, there were two customers in the Aviation Leasing segment that represented 43% and 15% of total accounts receivable, net. As of December 31, 2020, accounts receivable from two customers in the Aviation Leasing segment represented 40% and 15% of total accounts receivable, net.</span></div><div style="margin-top:6pt;text-align:justify"><span style="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>
ftai Concentration Risk Numberof Customers
ConcentrationRiskNumberofCustomers
2 customer
CY2021Q1 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
4000000.0 USD
CY2020Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
4600000 USD
CY2021Q1 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
-500000 USD
CY2020Q1 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
600000 USD
CY2021Q1 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.33
CY2021Q1 us-gaap Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
2100000 USD
CY2021Q1 ftai Leasing Equipment Numberof Aircraft Acquired
LeasingEquipmentNumberofAircraftAcquired
6 aircraft
CY2021Q1 ftai Leasing Equipment Numberof Commercial Jet Engines Acquired
LeasingEquipmentNumberofCommercialJetEnginesAcquired
23 commercial_jet_engine
CY2021Q1 us-gaap Property Plant And Equipment Number Of Aircraft Sold
PropertyPlantAndEquipmentNumberOfAircraftSold
0 aircraft
CY2021Q1 ftai Numberof Commercial Engines Sold
NumberofCommercialEnginesSold
16 commercial_jet_engine
CY2021Q1 us-gaap Direct Financing Lease Lease Receivable
DirectFinancingLeaseLeaseReceivable
16994000 USD
CY2020Q4 us-gaap Direct Financing Lease Lease Receivable
DirectFinancingLeaseLeaseReceivable
9389000 USD
CY2021Q1 us-gaap Direct Financing Lease Deferred Selling Profit
DirectFinancingLeaseDeferredSellingProfit
3028000 USD
CY2020Q4 us-gaap Direct Financing Lease Deferred Selling Profit
DirectFinancingLeaseDeferredSellingProfit
2462000 USD
CY2021Q1 us-gaap Direct Financing Lease Net Investment In Lease
DirectFinancingLeaseNetInvestmentInLease
13966000 USD
CY2020Q4 us-gaap Direct Financing Lease Net Investment In Lease
DirectFinancingLeaseNetInvestmentInLease
6927000 USD
CY2021Q1 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
1106493000 USD
CY2020Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
1060916000 USD
CY2021Q1 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
105505000 USD
CY2020Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
96553000 USD
CY2021Q1 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
1000988000 USD
CY2020Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
964363000 USD
CY2021Q1 us-gaap Property Plant And Equipment Additions
PropertyPlantAndEquipmentAdditions
45600000 USD
CY2021Q1 ftai Depreciation And Amortization Continuing Operations
DepreciationAndAmortizationContinuingOperations
8952000 USD
CY2020Q1 ftai Depreciation And Amortization Continuing Operations
DepreciationAndAmortizationContinuingOperations
6585000 USD
CY2021Q1 us-gaap Equity Method Investments
EquityMethodInvestments
161767000 USD
CY2020Q4 us-gaap Equity Method Investments
EquityMethodInvestments
146515000 USD
CY2021Q1 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
1374000 USD
CY2020Q1 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
265000 USD
CY2021Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
4332000 USD
CY2021Q1 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
16809000 USD
CY2021Q1 us-gaap Below Market Lease Gross
BelowMarketLeaseGross
7148000 USD
CY2021Q1 us-gaap Below Market Lease Accumulated Amortization
BelowMarketLeaseAccumulatedAmortization
5324000 USD
CY2021Q1 us-gaap Below Market Lease Net
BelowMarketLeaseNet
1824000 USD
CY2020Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
18786000 USD
CY2020Q4 us-gaap Below Market Lease Gross
BelowMarketLeaseGross
7151000 USD
CY2020Q4 us-gaap Below Market Lease Accumulated Amortization
BelowMarketLeaseAccumulatedAmortization
4604000 USD
CY2020Q4 us-gaap Below Market Lease Net
BelowMarketLeaseNet
2547000 USD
CY2021Q1 ftai Amortizationof Intangible Assetsand Liabilities Net
AmortizationofIntangibleAssetsandLiabilitiesNet
1640000 USD
CY2020Q1 ftai Amortizationof Intangible Assetsand Liabilities Net
AmortizationofIntangibleAssetsandLiabilitiesNet
2020000 USD
CY2021Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year
FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear
5068000 USD
CY2021Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
3350000 USD
CY2021Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
2235000 USD
CY2021Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
0 USD
CY2021Q1 ftai Finite Lived Intangible Asset Expected Amortization After Year Four
FiniteLivedIntangibleAssetExpectedAmortizationAfterYearFour
0 USD
CY2021Q1 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
14985000 USD
CY2021Q1 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
2112305000 USD
CY2020Q4 us-gaap Debt Instrument Carrying Amount
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