2021 Q4 Form 10-Q Financial Statement

#000159036421000008 Filed on October 29, 2021

View on sec.gov

Income Statement

Concept 2021 Q4 2021 Q3 2020 Q3
Revenue $145.8M $136.0M $83.71M
YoY Change 92.73% 62.42% -45.18%
Cost Of Revenue $4.374M $3.845M $4.600M
YoY Change -0.59% -16.41% -37.84%
Gross Profit $141.4M $132.1M $79.10M
YoY Change 98.6% 67.03% -45.56%
Gross Profit Margin 97.0% 97.17% 94.49%
Selling, General & Admin $5.080M $4.422M $4.200M
YoY Change 3.67% 5.29% -23.64%
% of Gross Profit 3.59% 3.35% 5.31%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $63.11M $53.37M $42.63M
YoY Change 35.43% 25.2% -1.48%
% of Gross Profit 44.63% 40.39% 53.89%
Operating Expenses $125.1M $110.6M $69.90M
YoY Change 58.09% 58.2% -21.78%
Operating Profit $16.35M $21.53M $9.200M
YoY Change -306.95% 134.07% -83.55%
Interest Expense -$48.43M $54.50M $26.90M
YoY Change 84.84% 102.57% 6.8%
% of Operating Profit -296.21% 253.09% 292.43%
Other Income/Expense, Net -$2.157M $1.018M -$3.557M
YoY Change -53.12% -128.62% -109.53%
Pretax Income -$18.87M -$39.94M -$27.70M
YoY Change -68.16% 44.2% -234.39%
Income Tax $908.0K -$494.0K -$2.486M
% Of Pretax Income
Net Earnings -$12.26M -$39.44M -$25.96M
YoY Change -79.75% 51.95% -201.12%
Net Earnings / Revenue -8.41% -29.01% -31.01%
Basic Earnings Per Share -$0.17
Diluted Earnings Per Share -$123.4K -$363.4K -$247.7K
COMMON SHARES
Basic Shares Outstanding 99.18M shares 88.28M shares 86.02M shares
Diluted Shares Outstanding 88.28M shares 86.02M shares

Balance Sheet

Concept 2021 Q4 2021 Q3 2020 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $188.1M $176.1M $119.8M
YoY Change 54.54% 46.95% 20.64%
Cash & Equivalents $188.1M $176.1M $119.8M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory $6.800M $1.500M
Prepaid Expenses
Receivables $175.2M $205.7M $78.10M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $370.1M $381.7M $199.4M
YoY Change 73.35% 91.44% 23.62%
LONG-TERM ASSETS
Property, Plant & Equipment $1.556B $1.528B $917.9M
YoY Change 61.34% 66.45% -2.88%
Goodwill $257.1M $239.9M $122.7M
YoY Change 109.57% 95.5% 5.28%
Intangibles $98.70M $80.74M $21.14M
YoY Change 425.39% 281.88% -29.95%
Long-Term Investments $77.33M $111.0M $158.2M
YoY Change -47.22% -29.87% 209.56%
Other Assets $273.4M $307.1M $49.60M
YoY Change 448.96% 519.15% -3.13%
Total Long-Term Assets $4.494B $4.301B $3.176B
YoY Change 41.56% 35.42% 6.8%
TOTAL ASSETS
Total Short-Term Assets $370.1M $381.7M $199.4M
Total Long-Term Assets $4.494B $4.301B $3.176B
Total Assets $4.864B $4.683B $3.375B
YoY Change 43.56% 38.73% 7.67%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $202.7M $213.4M $88.10M
YoY Change 79.04% 142.27% -34.84%
Accrued Expenses $73.59M $74.13M $62.20M
YoY Change 18.7% 19.19% 44.65%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $100.5M $75.00M $0.00
YoY Change 302.11% -100.0%
Total Short-Term Liabilities $416.9M $397.7M $186.1M
YoY Change 96.39% 113.72% -54.62%
LONG-TERM LIABILITIES
Long-Term Debt $3.120B $2.909B $1.802B
YoY Change 63.78% 61.47% 29.31%
Other Long-Term Liabilities $203.1M $171.7M $186.8M
YoY Change 18.37% -8.06% -17.38%
Total Long-Term Liabilities $3.323B $3.081B $1.988B
YoY Change 60.03% 54.94% 22.79%
TOTAL LIABILITIES
Total Short-Term Liabilities $416.9M $397.7M $186.1M
Total Long-Term Liabilities $3.323B $3.081B $1.988B
Total Liabilities $3.740B $3.478B $2.174B
YoY Change 63.4% 59.97% 7.15%
SHAREHOLDERS EQUITY
Retained Earnings -$132.4M -$120.1M $60.76M
YoY Change 370.18% -297.72% 792.74%
Common Stock $992.0K $979.0K $856.0K
YoY Change 15.89% 14.37% 0.82%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.124B $1.197B $1.175B
YoY Change
Total Liabilities & Shareholders Equity $4.864B $4.683B $3.375B
YoY Change 43.56% 38.73% 7.67%

Cashflow Statement

Concept 2021 Q4 2021 Q3 2020 Q3
OPERATING ACTIVITIES
Net Income -$12.26M -$39.44M -$25.96M
YoY Change -79.75% 51.95% -201.12%
Depreciation, Depletion And Amortization $63.11M $53.37M $42.63M
YoY Change 35.43% 25.2% -1.48%
Cash From Operating Activities -$1.336M $43.22M -$16.30M
YoY Change -103.85% -365.13% -147.11%
INVESTING ACTIVITIES
Capital Expenditures -$320.9M -$159.3M -$126.8M
YoY Change 152.64% 25.64% -27.58%
Acquisitions
YoY Change
Other Investing Activities $64.18M -$666.8M $17.80M
YoY Change 155.69% -3845.83% -80.42%
Cash From Investing Activities -$256.7M -$826.1M -$109.1M
YoY Change 151.89% 657.17% 29.57%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $291.7M
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 238.6M 1.099B 188.7M
YoY Change 265.99% 482.44% 631.4%
NET CHANGE
Cash From Operating Activities -1.336M 43.22M -16.30M
Cash From Investing Activities -256.7M -826.1M -109.1M
Cash From Financing Activities 238.6M 1.099B 188.7M
Net Change In Cash -19.39M 316.2M 63.30M
YoY Change 869.45% 399.53% -365.97%
FREE CASH FLOW
Cash From Operating Activities -$1.336M $43.22M -$16.30M
Capital Expenditures -$320.9M -$159.3M -$126.8M
Free Cash Flow $319.5M $202.5M $110.5M
YoY Change 97.6% 83.28% -47.31%

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us-gaap Profit Loss
ProfitLoss
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us-gaap Profit Loss
ProfitLoss
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CY2020Q3 us-gaap Income Loss From Continuing Operations Attributable To Noncontrolling Entity
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us-gaap Income Loss From Continuing Operations Attributable To Noncontrolling Entity
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us-gaap Income Loss From Continuing Operations Attributable To Noncontrolling Entity
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us-gaap Dividends Preferred Stock
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us-gaap Dividends Preferred Stock
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CY2020Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
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us-gaap Net Income Loss Available To Common Stockholders Basic
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us-gaap Net Income Loss Available To Common Stockholders Basic
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CY2020Q3 us-gaap Income Loss From Continuing Operations Per Basic Share
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us-gaap Income Loss From Continuing Operations Per Basic Share
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us-gaap Income Loss From Continuing Operations Per Basic Share
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0
CY2020Q3 us-gaap Discontinued Operation Income Loss From Discontinued Operation Net Of Tax Per Basic Share
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0
us-gaap Discontinued Operation Income Loss From Discontinued Operation Net Of Tax Per Basic Share
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0
us-gaap Discontinued Operation Income Loss From Discontinued Operation Net Of Tax Per Basic Share
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CY2021Q3 us-gaap Income Loss From Continuing Operations Per Diluted Share
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CY2020Q3 us-gaap Income Loss From Continuing Operations Per Diluted Share
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us-gaap Income Loss From Continuing Operations Per Diluted Share
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us-gaap Income Loss From Continuing Operations Per Diluted Share
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CY2021Q3 us-gaap Discontinued Operation Income Loss From Discontinued Operation Net Of Tax Per Diluted Share
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0
CY2020Q3 us-gaap Discontinued Operation Income Loss From Discontinued Operation Net Of Tax Per Diluted Share
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0
CY2021Q3 ftai Adjustmentsto Additional Paidin Capital Conversionof Securities
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2000 USD
us-gaap Discontinued Operation Income Loss From Discontinued Operation Net Of Tax Per Diluted Share
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0
us-gaap Discontinued Operation Income Loss From Discontinued Operation Net Of Tax Per Diluted Share
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CY2021Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
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CY2020Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
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us-gaap Weighted Average Number Of Shares Outstanding Basic
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us-gaap Weighted Average Number Of Shares Outstanding Basic
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CY2021Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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CY2020Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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us-gaap Weighted Average Number Of Diluted Shares Outstanding
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us-gaap Weighted Average Number Of Diluted Shares Outstanding
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CY2021Q3 us-gaap Profit Loss
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CY2020Q3 us-gaap Profit Loss
ProfitLoss
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us-gaap Profit Loss
ProfitLoss
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us-gaap Profit Loss
ProfitLoss
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CY2020Q3 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification After Tax
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13468000 USD
CY2021Q3 us-gaap Adjustments To Additional Paid In Capital Dividends In Excess Of Retained Earnings
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28409000 USD
CY2021Q3 us-gaap Dividends Preferred Stock Cash
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728000 USD
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CY2019Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification After Tax
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77518000 USD
us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification After Tax
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16822000 USD
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us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
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us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
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CY2020Q3 us-gaap Income Loss From Continuing Operations Attributable To Noncontrolling Entity
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us-gaap Income Loss From Continuing Operations Attributable To Noncontrolling Entity
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us-gaap Income Loss From Continuing Operations Attributable To Noncontrolling Entity
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CY2021Q3 us-gaap Comprehensive Income Net Of Tax
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CY2020Q3 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
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us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
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us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
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1798000 USD
CY2020Q3 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification Tax Parent
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us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification Tax Parent
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationTaxParent
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us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification Tax Parent
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CY2020Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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us-gaap Profit Loss
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ftai Noncontrolling Interest Settlement Of Equity Based Compensation
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us-gaap Stock Issued During Period Value New Issues
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us-gaap Stock And Warrants Issued During Period Value Preferred Stock And Warrants
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us-gaap Dividends Preferred Stock Cash
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2553000 USD
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CY2021Q3 us-gaap Profit Loss
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CY2021Q3 us-gaap Other Comprehensive Income Loss Net Of Tax
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CY2021Q3 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
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CY2021Q3 ftai Noncontrolling Interest Settlement Of Equity Based Compensation
NoncontrollingInterestSettlementOfEquityBasedCompensation
238000 USD
CY2021Q3 us-gaap Stock Issued During Period Value New Issues
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us-gaap Profit Loss
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us-gaap Other Comprehensive Income Loss Net Of Tax
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ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
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ftai Noncontrolling Interest Settlement Of Equity Based Compensation
NoncontrollingInterestSettlementOfEquityBasedCompensation
42000 USD
us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
311000 USD
ftai Adjustmentsto Additional Paidin Capital Conversionof Securities
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7000 USD
us-gaap Adjustments To Additional Paid In Capital Dividends In Excess Of Retained Earnings
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56782000 USD
us-gaap Adjustments To Additional Paid In Capital Stock Issued Issuance Costs
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788000 USD
us-gaap Dividends Preferred Stock Cash
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us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
702000 USD
CY2020Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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CY2020Q3 us-gaap Profit Loss
ProfitLoss
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OtherComprehensiveIncomeLossNetOfTax
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CY2020Q3 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
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CY2020Q3 ftai Noncontrolling Interest Settlement Of Equity Based Compensation
NoncontrollingInterestSettlementOfEquityBasedCompensation
68000 USD
CY2020Q3 us-gaap Adjustments To Additional Paid In Capital Dividends In Excess Of Retained Earnings
AdjustmentsToAdditionalPaidInCapitalDividendsInExcessOfRetainedEarnings
28395000 USD
CY2020Q3 us-gaap Stock And Warrants Issued During Period Value Preferred Stock And Warrants
StockAndWarrantsIssuedDuringPeriodValuePreferredStockAndWarrants
20500000 USD
CY2020Q3 us-gaap Dividends Preferred Stock Cash
DividendsPreferredStockCash
4625000 USD
CY2020Q3 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
621000 USD
CY2020Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1200847000 USD
us-gaap Profit Loss
ProfitLoss
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us-gaap Profit Loss
ProfitLoss
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us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
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us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
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us-gaap Gain Loss On Sale Of Business
GainLossOnSaleOfBusiness
0 USD
us-gaap Gain Loss On Sale Of Business
GainLossOnSaleOfBusiness
1331000 USD
us-gaap Gain Loss On Disposition Of Assets
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17483000 USD
us-gaap Gain Loss On Disposition Of Assets
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ftai Security Deposits And Maintenance Claims
SecurityDepositsAndMaintenanceClaims
30866000 USD
ftai Security Deposits And Maintenance Claims
SecurityDepositsAndMaintenanceClaims
12275000 USD
us-gaap Gains Losses On Extinguishment Of Debt
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us-gaap Gains Losses On Extinguishment Of Debt
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ftai Share Based Payment Arrangement Expense Including Discontinued Operations
ShareBasedPaymentArrangementExpenseIncludingDiscontinuedOperations
3281000 USD
ftai Share Based Payment Arrangement Expense Including Discontinued Operations
ShareBasedPaymentArrangementExpenseIncludingDiscontinuedOperations
1323000 USD
ftai Depreciation Depletion And Amortization Including Discontinued Operations
DepreciationDepletionAndAmortizationIncludingDiscontinuedOperations
145274000 USD
ftai Depreciation Depletion And Amortization Including Discontinued Operations
DepreciationDepletionAndAmortizationIncludingDiscontinuedOperations
126543000 USD
us-gaap Asset Impairment Charges
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3048000 USD
us-gaap Asset Impairment Charges
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14391000 USD
us-gaap Deferred Income Taxes And Tax Credits
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us-gaap Deferred Income Taxes And Tax Credits
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us-gaap Derivative Instruments Not Designated As Hedging Instruments Gain Loss Net
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1979000 USD
us-gaap Derivative Instruments Not Designated As Hedging Instruments Gain Loss Net
DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet
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ftai Amortizationof Lease Intangiblesand Incentives
AmortizationofLeaseIntangiblesandIncentives
21348000 USD
ftai Amortizationof Lease Intangiblesand Incentives
AmortizationofLeaseIntangiblesandIncentives
23394000 USD
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
18853000 USD
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
6156000 USD
ftai Accounts Receivable Credit Loss Expense Reversal Including Discontinued Operations
AccountsReceivableCreditLossExpenseReversalIncludingDiscontinuedOperations
817000 USD
ftai Accounts Receivable Credit Loss Expense Reversal Including Discontinued Operations
AccountsReceivableCreditLossExpenseReversalIncludingDiscontinuedOperations
1997000 USD
us-gaap Other Operating Activities Cash Flow Statement
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us-gaap Other Operating Activities Cash Flow Statement
OtherOperatingActivitiesCashFlowStatement
1152000 USD
us-gaap Increase Decrease In Accounts Receivable
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100821000 USD
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43014000 USD
us-gaap Increase Decrease In Other Operating Assets
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34499000 USD
us-gaap Increase Decrease In Other Operating Assets
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us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
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71285000 USD
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
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us-gaap Increase Decrease In Due To Related Parties
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us-gaap Increase Decrease In Due To Related Parties
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2242000 USD
us-gaap Increase Decrease In Other Operating Liabilities
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1040000 USD
us-gaap Net Cash Provided By Used In Operating Activities
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us-gaap Net Cash Provided By Used In Operating Activities
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28393000 USD
us-gaap Payments For Advance To Affiliate
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54499000 USD
us-gaap Payments For Advance To Affiliate
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us-gaap Proceeds From Collection Of Lease Receivables
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1707000 USD
us-gaap Proceeds From Collection Of Lease Receivables
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7001000 USD
us-gaap Payments To Acquire Businesses Gross
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us-gaap Payments To Acquire Businesses Gross
PaymentsToAcquireBusinessesGross
0 USD
us-gaap Payments To Acquire Equipment On Lease
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299564000 USD
us-gaap Payments To Acquire Equipment On Lease
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252859000 USD
us-gaap Payments To Acquire Property Plant And Equipment
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109405000 USD
us-gaap Payments To Acquire Property Plant And Equipment
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209662000 USD
ftai Acquisitionof Lease Intangibles Net
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ftai Acquisitionof Lease Intangibles Net
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1997000 USD
ftai Paymentsfor Depositson Leasing Equipment
PaymentsforDepositsonLeasingEquipment
13790000 USD
ftai Paymentsfor Depositson Leasing Equipment
PaymentsforDepositsonLeasingEquipment
5320000 USD
ftai Proceeds From Saleof Equipmenton Lease
ProceedsFromSaleofEquipmentonLease
78463000 USD
ftai Proceeds From Saleof Equipmenton Lease
ProceedsFromSaleofEquipmentonLease
53707000 USD
us-gaap Proceeds From Sale Of Other Assets Investing Activities
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600000 USD
us-gaap Proceeds From Sale Of Other Assets Investing Activities
ProceedsFromSaleOfOtherAssetsInvestingActivities
0 USD
ftai Proceeds From Deposits On Sale Of Machinery And Equipment
ProceedsFromDepositsOnSaleOfMachineryAndEquipment
1010000 USD
ftai Proceeds From Deposits On Sale Of Machinery And Equipment
ProceedsFromDepositsOnSaleOfMachineryAndEquipment
2350000 USD
us-gaap Net Cash Provided By Used In Investing Activities
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us-gaap Net Cash Provided By Used In Investing Activities
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2553600000 USD
us-gaap Proceeds From Issuance Of Long Term Debt
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883981000 USD
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us-gaap Repayments Of Long Term Debt
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495991000 USD
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45123000 USD
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20416000 USD
ftai Increasein Security Deposits
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1390000 USD
ftai Increasein Security Deposits
IncreaseinSecurityDeposits
1564000 USD
ftai Decreasein Security Deposits
DecreaseinSecurityDeposits
1034000 USD
ftai Decreasein Security Deposits
DecreaseinSecurityDeposits
3815000 USD
ftai Increasein Maintenance Deposits
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23075000 USD
ftai Increasein Maintenance Deposits
IncreaseinMaintenanceDeposits
25102000 USD
ftai Decreasein Maintenance Deposits
DecreaseinMaintenanceDeposits
19615000 USD
ftai Decreasein Maintenance Deposits
DecreaseinMaintenanceDeposits
12429000 USD
us-gaap Proceeds From Issuance Of Common Stock
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291822000 USD
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
0 USD
us-gaap Proceeds From Issuance Of Preferred Stock And Preference Stock
ProceedsFromIssuanceOfPreferredStockAndPreferenceStock
101201000 USD
us-gaap Proceeds From Issuance Of Preferred Stock And Preference Stock
ProceedsFromIssuanceOfPreferredStockAndPreferenceStock
20223000 USD
us-gaap Payments To Minority Shareholders
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0 USD
us-gaap Payments To Minority Shareholders
PaymentsToMinorityShareholders
110000 USD
ftai Noncontrolling Interest Settlement Of Equity Based Compensation
NoncontrollingInterestSettlementOfEquityBasedCompensation
-421000 USD
ftai Noncontrolling Interest Settlement Of Equity Based Compensation
NoncontrollingInterestSettlementOfEquityBasedCompensation
0 USD
us-gaap Payments Of Dividends Common Stock
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85204000 USD
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
85177000 USD
us-gaap Payments Of Dividends Preferred Stock And Preference Stock
PaymentsOfDividendsPreferredStockAndPreferenceStock
17967000 USD
us-gaap Payments Of Dividends Preferred Stock And Preference Stock
PaymentsOfDividendsPreferredStockAndPreferenceStock
13243000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
1349020000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
299689000 USD
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
298032000 USD
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-79111000 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
CY2021Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
459450000 USD
CY2020Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
163406000 USD
ftai Noncashor Part Noncash Acquisition Leasing Equipment Acquired
NoncashorPartNoncashAcquisitionLeasingEquipmentAcquired
66988000 USD
ftai Noncashor Part Noncash Acquisition Leasing Equipment Acquired
NoncashorPartNoncashAcquisitionLeasingEquipmentAcquired
59056000 USD
us-gaap Noncash Or Part Noncash Acquisition Fixed Assets Acquired1
NoncashOrPartNoncashAcquisitionFixedAssetsAcquired1
1062000 USD
us-gaap Noncash Or Part Noncash Acquisition Fixed Assets Acquired1
NoncashOrPartNoncashAcquisitionFixedAssetsAcquired1
9406000 USD
ftai Noncashor Part Noncash Acquisition Security Deposits Settledand Assumed
NoncashorPartNoncashAcquisitionSecurityDepositsSettledandAssumed
1909000 USD
ftai Noncashor Part Noncash Acquisition Security Deposits Settledand Assumed
NoncashorPartNoncashAcquisitionSecurityDepositsSettledandAssumed
6215000 USD
ftai Noncashor Part Noncash Acquisition Maintenance Deposits Billedand Assumed
NoncashorPartNoncashAcquisitionMaintenanceDepositsBilledandAssumed
-30302000 USD
ftai Noncashor Part Noncash Acquisition Maintenance Deposits Billedand Assumed
NoncashorPartNoncashAcquisitionMaintenanceDepositsBilledandAssumed
-34253000 USD
ftai Noncash Change In Equity Method Investment
NoncashChangeInEquityMethodInvestment
-77518000 USD
ftai Noncash Change In Equity Method Investment
NoncashChangeInEquityMethodInvestment
-16822000 USD
ftai Stock Issuance Costs Incurred During Noncashor Partial Noncash Transaction
StockIssuanceCostsIncurredDuringNoncashorPartialNoncashTransaction
455000 USD
ftai Stock Issuance Costs Incurred During Noncashor Partial Noncash Transaction
StockIssuanceCostsIncurredDuringNoncashorPartialNoncashTransaction
304000 USD
ftai Number Of Freight Railroads
NumberOfFreightRailroads
5 freightRailroad
us-gaap Number Of Reportable Segments
NumberOfReportableSegments
4 segment
us-gaap Number Of Operating Segments
NumberOfOperatingSegments
2 segment
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>
CY2021Q3 us-gaap Unamortized Debt Issuance Expense
UnamortizedDebtIssuanceExpense
60900000 USD
CY2020Q4 us-gaap Unamortized Debt Issuance Expense
UnamortizedDebtIssuanceExpense
36200000 USD
CY2021Q3 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
14400000 USD
CY2020Q3 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
2100000 USD
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
18900000 USD
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
6200000 USD
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 both the three and nine months ended September 30, 2021 and 2020, one customer in the Aviation Leasing segment accounted for approximately 10% of total revenue. During the three months ended September 30, 2021, one customer in the Transtar segment accounted for approximately 14% of total revenue. </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 September 30, 2021, there were two customers in the Aviation Leasing segment that represented 26% and 10% of total accounts receivable, net and one customer in the Jefferson Terminal segment that represented 21% 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>
CY2020 ftai Concentration Risk Numberof Customers
ConcentrationRiskNumberofCustomers
2 customer
CY2021Q3 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
4900000 USD
CY2020Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
4600000 USD
CY2021Q3 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
1600000 USD
CY2020Q3 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
200000 USD
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
800000 USD
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
2000000 USD
CY2021Q3 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.33
CY2020Q3 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.33
us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.99
us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.99
ftai Number Of Freight Railroads
NumberOfFreightRailroads
5 freightRailroad
us-gaap Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
3000000 USD
ftai Leasing Equipment Numberof Aircraft Acquired
LeasingEquipmentNumberofAircraftAcquired
24 aircraft
ftai Leasing Equipment Numberof Commercial Jet Engines Acquired
LeasingEquipmentNumberofCommercialJetEnginesAcquired
44 commercial_jet_engine
us-gaap Property Plant And Equipment Number Of Aircraft Sold
PropertyPlantAndEquipmentNumberOfAircraftSold
4 aircraft
ftai Numberof Commercial Engines Sold
NumberofCommercialEnginesSold
31 commercial_jet_engine
CY2021Q3 us-gaap Direct Financing Lease Lease Receivable
DirectFinancingLeaseLeaseReceivable
16148000 USD
CY2020Q4 us-gaap Direct Financing Lease Lease Receivable
DirectFinancingLeaseLeaseReceivable
9389000 USD
CY2021Q3 us-gaap Direct Financing Lease Deferred Selling Profit
DirectFinancingLeaseDeferredSellingProfit
2353000 USD
CY2020Q4 us-gaap Direct Financing Lease Deferred Selling Profit
DirectFinancingLeaseDeferredSellingProfit
2462000 USD
CY2021Q3 us-gaap Direct Financing Lease Net Investment In Lease
DirectFinancingLeaseNetInvestmentInLease
13795000 USD
CY2020Q4 us-gaap Direct Financing Lease Net Investment In Lease
DirectFinancingLeaseNetInvestmentInLease
6927000 USD
CY2021Q3 us-gaap Lessor Sales Type Lease Term Of Contract1
LessorSalesTypeLeaseTermOfContract1
P52M
ftai Number Of Airframes
NumberOfAirframes
5 airframe
CY2021Q3 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
1659378000 USD
CY2020Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
1060916000 USD
CY2021Q3 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
131608000 USD
CY2020Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
96553000 USD
CY2021Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
1527770000 USD
CY2020Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
964363000 USD
us-gaap Property Plant And Equipment Additions
PropertyPlantAndEquipmentAdditions
598500000 USD
CY2021Q3 ftai Depreciation And Amortization Continuing Operations
DepreciationAndAmortizationContinuingOperations
15291000 USD
CY2020Q3 ftai Depreciation And Amortization Continuing Operations
DepreciationAndAmortizationContinuingOperations
6634000 USD
ftai Depreciation And Amortization Continuing Operations
DepreciationAndAmortizationContinuingOperations
34826000 USD
ftai Depreciation And Amortization Continuing Operations
DepreciationAndAmortizationContinuingOperations
19757000 USD
CY2021Q3 us-gaap Equity Method Investments
EquityMethodInvestments
110963000 USD
CY2020Q4 us-gaap Equity Method Investments
EquityMethodInvestments
146515000 USD
CY2021Q3 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
-4082000 USD
CY2020Q3 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
-2501000 USD
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
-9860000 USD
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
-5445000 USD
CY2021Q3 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
80737000 USD
CY2021Q3 us-gaap Below Market Lease Gross
BelowMarketLeaseGross
7248000 USD
CY2021Q3 us-gaap Below Market Lease Accumulated Amortization
BelowMarketLeaseAccumulatedAmortization
5888000 USD
CY2021Q3 us-gaap Below Market Lease Net
BelowMarketLeaseNet
1360000 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
CY2021Q3 ftai Amortizationof Intangible Assetsand Liabilities Net
AmortizationofIntangibleAssetsandLiabilitiesNet
2937000 USD
CY2020Q3 ftai Amortizationof Intangible Assetsand Liabilities Net
AmortizationofIntangibleAssetsandLiabilitiesNet
1841000 USD
ftai Amortizationof Intangible Assetsand Liabilities Net
AmortizationofIntangibleAssetsandLiabilitiesNet
6664000 USD
ftai Amortizationof Intangible Assetsand Liabilities Net
AmortizationofIntangibleAssetsandLiabilitiesNet
5681000 USD
CY2021Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year
FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear
2818000 USD
CY2021Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
10333000 USD
CY2021Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
9577000 USD
CY2021Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
8374000 USD
CY2021Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
5209000 USD
CY2021Q3 ftai Finite Lived Intangible Asset Expected Amortization After Year Four
FiniteLivedIntangibleAssetExpectedAmortizationAfterYearFour
43066000 USD
CY2021Q3 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
79377000 USD
CY2021Q3 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
3044894000 USD
CY2020Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
1940984000 USD
CY2021Q3 us-gaap Unamortized Debt Issuance Expense
UnamortizedDebtIssuanceExpense
60905000 USD
CY2020Q4 us-gaap Unamortized Debt Issuance Expense
UnamortizedDebtIssuanceExpense
36222000 USD
CY2021Q3 us-gaap Long Term Debt
LongTermDebt
2983989000 USD
CY2020Q4 us-gaap Long Term Debt
LongTermDebt
1904762000 USD
CY2021Q3 us-gaap Long Term Debt Current
LongTermDebtCurrent
75000000 USD
CY2020Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
25000000 USD
CY2021Q3 ftai Debt Instrument Offering Price Percentage
DebtInstrumentOfferingPricePercentage
1.0050
CY2021Q3 us-gaap Proceeds From Issuance Of Debt
ProceedsFromIssuanceOfDebt
358300000 USD
CY2021Q3 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
291700000 USD
CY2021Q3 us-gaap Proceeds From Issuance Of Debt
ProceedsFromIssuanceOfDebt
358300000 USD
CY2021Q3 us-gaap Assets Fair Value Disclosure
AssetsFairValueDisclosure
461429000 USD
CY2020Q4 us-gaap Assets Fair Value Disclosure
AssetsFairValueDisclosure
161418000 USD
CY2021Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
135962000 USD
CY2020Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
83709000 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
310026000 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
290858000 USD
CY2021Q3 us-gaap Lessor Operating Lease Payments To Be Received Remainder Of Fiscal Year
LessorOperatingLeasePaymentsToBeReceivedRemainderOfFiscalYear
46354000 USD
CY2021Q3 us-gaap Sales Type And Direct Financing Leases Lease Receivable Payments To Be Received Remainder Of Fiscal Year
SalesTypeAndDirectFinancingLeasesLeaseReceivablePaymentsToBeReceivedRemainderOfFiscalYear
408000 USD
CY2021Q3 us-gaap Lessor Operating Lease Payments To Be Received Next Twelve Months
LessorOperatingLeasePaymentsToBeReceivedNextTwelveMonths
134253000 USD
CY2021Q3 us-gaap Sales Type And Direct Financing Leases Lease Receivable Payments To Be Received Next Twelve Months
SalesTypeAndDirectFinancingLeasesLeaseReceivablePaymentsToBeReceivedNextTwelveMonths
1291000 USD
CY2021Q3 us-gaap Lessor Operating Lease Payments To Be Received Two Years
LessorOperatingLeasePaymentsToBeReceivedTwoYears
96095000 USD
CY2021Q3 us-gaap Sales Type And Direct Financing Leases Lease Receivable Payments To Be Received Two Years
SalesTypeAndDirectFinancingLeasesLeaseReceivablePaymentsToBeReceivedTwoYears
531000 USD
CY2021Q3 us-gaap Lessor Operating Lease Payments To Be Received Three Years
LessorOperatingLeasePaymentsToBeReceivedThreeYears
69352000 USD
CY2021Q3 us-gaap Sales Type And Direct Financing Leases Lease Receivable Payments To Be Received Three Years
SalesTypeAndDirectFinancingLeasesLeaseReceivablePaymentsToBeReceivedThreeYears
113000 USD
CY2021Q3 us-gaap Lessor Operating Lease Payments To Be Received Four Years
LessorOperatingLeasePaymentsToBeReceivedFourYears
47450000 USD
CY2021Q3 us-gaap Sales Type And Direct Financing Leases Lease Receivable Payments To Be Received Four Years
SalesTypeAndDirectFinancingLeasesLeaseReceivablePaymentsToBeReceivedFourYears
10000 USD
CY2021Q3 ftai Lessor Operating Lease Payment To Be Received After Year Four
LessorOperatingLeasePaymentToBeReceivedAfterYearFour
32865000 USD
CY2021Q3 ftai Sales Type And Direct Financing Leases Lease Receivable To Be Received After Year Four
SalesTypeAndDirectFinancingLeasesLeaseReceivableToBeReceivedAfterYearFour
0 USD
CY2021Q3 us-gaap Lessor Operating Lease Payments To Be Received
LessorOperatingLeasePaymentsToBeReceived
426369000 USD
CY2021Q3 us-gaap Sales Type And Direct Financing Leases Lease Receivable Payments To Be Received
SalesTypeAndDirectFinancingLeasesLeaseReceivablePaymentsToBeReceived
2353000 USD
CY2021Q3 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
161000 USD
CY2020Q3 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
0 USD
us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
161000 USD
us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
0 USD
CY2021Q3 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
11000 USD
CY2020Q3 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
0 USD
us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
11000 USD
us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
0 USD
CY2021Q3 ftai Finance Lease Cost
FinanceLeaseCost
172000 USD
CY2020Q3 ftai Finance Lease Cost
FinanceLeaseCost
0 USD
ftai Finance Lease Cost
FinanceLeaseCost
172000 USD
ftai Finance Lease Cost
FinanceLeaseCost
0 USD
CY2021Q3 us-gaap Operating Lease Cost
OperatingLeaseCost
1780000 USD
CY2020Q3 us-gaap Operating Lease Cost
OperatingLeaseCost
1230000 USD
us-gaap Operating Lease Cost
OperatingLeaseCost
4227000 USD
us-gaap Operating Lease Cost
OperatingLeaseCost
3594000 USD
CY2021Q3 us-gaap Short Term Lease Cost
ShortTermLeaseCost
320000 USD
CY2020Q3 us-gaap Short Term Lease Cost
ShortTermLeaseCost
84000 USD
us-gaap Short Term Lease Cost
ShortTermLeaseCost
900000 USD
us-gaap Short Term Lease Cost
ShortTermLeaseCost
534000 USD
CY2021Q3 us-gaap Variable Lease Cost
VariableLeaseCost
540000 USD
CY2020Q3 us-gaap Variable Lease Cost
VariableLeaseCost
111000 USD
us-gaap Variable Lease Cost
VariableLeaseCost
1177000 USD
us-gaap Variable Lease Cost
VariableLeaseCost
1215000 USD
CY2021Q3 us-gaap Lease Cost
LeaseCost
2812000 USD
CY2020Q3 us-gaap Lease Cost
LeaseCost
1425000 USD
us-gaap Lease Cost
LeaseCost
6476000 USD
us-gaap Lease Cost
LeaseCost
5343000 USD
CY2021Q3 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
74643000 USD
CY2021Q3 us-gaap Operating Lease Liability
OperatingLeaseLiability
74134000 USD
CY2021Q3 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P33Y7M6D
CY2021Q3 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.056
us-gaap Operating Lease Payments
OperatingLeasePayments
4208000 USD
CY2021Q3 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
4224000 USD
CY2021Q3 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
9589000 USD
CY2021Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
7875000 USD
CY2021Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
6901000 USD
CY2021Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
6677000 USD
CY2021Q3 ftai Lessee Operating Lease Liability To Be Paid After Year Four
LesseeOperatingLeaseLiabilityToBePaidAfterYearFour
148455000 USD
CY2021Q3 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
183721000 USD
CY2021Q3 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
109587000 USD
CY2021Q3 us-gaap Operating Lease Liability
OperatingLeaseLiability
74134000 USD
CY2021Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
728000 USD
CY2020Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
621000 USD
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
3281000 USD
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
1323000 USD
CY2021Q3 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
5942000 USD
ftai Share Based Compensation Shares Transferred
ShareBasedCompensationSharesTransferred
25998 shares
us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
165268 shares
CY2021Q3 us-gaap Sharebased Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Exercisable Options Weighted Average Exercise Price1
SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeExercisableOptionsWeightedAverageExercisePrice1
18.22
ftai Share Based Compensation Shares Received
ShareBasedCompensationSharesReceived
55092 shares
CY2021Q3 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
74000 USD
CY2020Q3 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
-35000 USD
us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
130000 USD
us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
33000 USD
CY2021Q3 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
80000 USD
CY2020Q3 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
79000 USD
us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
241000 USD
us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
330000 USD
CY2021Q3 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
31000 USD
CY2020Q3 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
-27000 USD
us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
-25000 USD
us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
295000 USD
CY2021Q3 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
185000 USD
CY2020Q3 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
17000 USD
us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
346000 USD
us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
658000 USD
CY2021Q3 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
-670000 USD
CY2020Q3 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
-656000 USD
us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
-2137000 USD
us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
-1534000 USD
CY2021Q3 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
0 USD
CY2020Q3 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
0 USD
us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
0 USD
us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
0 USD
CY2021Q3 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
-9000 USD
CY2020Q3 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
-1847000 USD
us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
-174000 USD
us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
-5458000 USD
CY2021Q3 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-679000 USD
CY2020Q3 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-2503000 USD
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-2311000 USD
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-6992000 USD
CY2021Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-494000 USD
CY2020Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-2486000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-1965000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-6334000 USD
us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.21
ftai Ownership Percentageby Manager
OwnershipPercentagebyManager
0.0005
CY2018Q2 us-gaap Conversion Of Stock Shares Issued1
ConversionOfStockSharesIssued1
1900000 shares
us-gaap Number Of Reportable Segments
NumberOfReportableSegments
4 segment
ftai Number Of Freight Railroads
NumberOfFreightRailroads
5 freightRailroad
CY2021Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
135962000 USD
CY2021Q3 us-gaap Other Cost And Expense Operating
OtherCostAndExpenseOperating
52793000 USD
CY2021Q3 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
4422000 USD
CY2021Q3 us-gaap Business Combination Acquisition Related Costs
BusinessCombinationAcquisitionRelatedCosts
7130000 USD
CY2021Q3 us-gaap Related Party Transaction Expenses From Transactions With Related Party
RelatedPartyTransactionExpensesFromTransactionsWithRelatedParty
3845000 USD
CY2021Q3 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
53368000 USD
CY2021Q3 us-gaap Asset Impairment Charges
AssetImpairmentCharges
859000 USD
CY2021Q3 us-gaap Interest Expense
InterestExpense
54500000 USD
CY2021Q3 us-gaap Costs And Expenses
CostsAndExpenses
176917000 USD
CY2021Q3 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
-4082000 USD
CY2021Q3 us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
12685000 USD
CY2021Q3 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
483000 USD
CY2021Q3 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-8068000 USD
CY2021Q3 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
1018000 USD
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