$FTAI
FTAI Aviation Ltd.

2023 Q2 Form 10-Q Financial Statement

#000159036423000013 Filed on April 27, 2023

View on sec.gov

Income Statement

Concept 2023 Q2 2023 Q1 2022 Q4
Revenue $274.3M $292.7M $274.3M
YoY Change 54.19% 112.36% 88.17%
Cost Of Revenue $104.5M $145.7M $131.8M
YoY Change 3313.85% 3398.32% 2913.26%
Gross Profit $169.8M $147.0M $142.5M
YoY Change -2.89% 10.0% 0.78%
Gross Profit Margin 61.9% 50.24% 51.95%
Selling, General & Admin $3.200M $4.100M $2.300M
YoY Change -36.05% -27.96% -54.72%
% of Gross Profit 1.88% 2.79% 1.61%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $38.51M $40.93M $44.20M
YoY Change -31.98% -29.8% -29.97%
% of Gross Profit 22.68% 27.83% 31.02%
Operating Expenses $66.50M $67.50M $63.90M
YoY Change -54.34% -60.96% -48.9%
Operating Profit $103.3M $79.55M $78.60M
YoY Change 253.33% -302.76% 380.76%
Interest Expense $38.50M $39.29M -$37.20M
YoY Change -29.19% -22.34% -23.18%
% of Operating Profit 37.26% 49.39% -47.33%
Other Income/Expense, Net $28.00K -$1.327M $0.00
YoY Change -99.94% -82.37% -100.0%
Pretax Income $56.61M $31.42M $24.70M
YoY Change 329.79% -113.89% -230.89%
Income Tax $1.855M $2.026M -$2.100M
% Of Pretax Income 3.28% 6.45% -8.5%
Net Earnings $54.75M $29.40M $20.00M
YoY Change 460.99% -112.8% -263.19%
Net Earnings / Revenue 19.96% 10.04% 7.29%
Basic Earnings Per Share $0.47 $0.23
Diluted Earnings Per Share $0.46 $0.22 $0.20
COMMON SHARES
Basic Shares Outstanding 99.73M shares 99.73M shares 99.38M shares
Diluted Shares Outstanding 100.5M shares 101.0M shares

Balance Sheet

Concept 2023 Q2 2023 Q1 2022 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $21.10M $41.00M $33.60M
YoY Change -82.25% -71.78% -82.14%
Cash & Equivalents $21.13M $40.99M $33.57M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory $232.0M $192.8M $163.7M
Prepaid Expenses
Receivables $117.5M $113.5M $99.40M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $370.6M $347.3M $296.7M
YoY Change 27.22% 35.04% -19.83%
LONG-TERM ASSETS
Property, Plant & Equipment $12.12M $11.44M $10.01M
YoY Change -99.26% -99.28% -99.36%
Goodwill $0.00
YoY Change -100.0%
Intangibles $44.68M $45.73M $41.96M
YoY Change -53.38% -54.93% -57.49%
Long-Term Investments $39.82M $40.20M $22.04M
YoY Change -60.0% -48.79% -71.5%
Other Assets $3.100M $1.500M $21.40M
YoY Change -98.48% -99.35% -92.17%
Total Long-Term Assets $2.155B $2.094B $2.133B
YoY Change -53.06% -53.48% -52.54%
TOTAL ASSETS
Total Short-Term Assets $370.6M $347.3M $296.7M
Total Long-Term Assets $2.155B $2.094B $2.133B
Total Assets $2.526B $2.441B $2.430B
YoY Change -48.27% -48.69% -50.05%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $79.80M $105.1M $86.50M
YoY Change -68.48% -45.01% -57.32%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $0.00 $0.00 $0.00
YoY Change -100.0% -100.0% -100.0%
Total Short-Term Liabilities $117.0M $138.9M $119.3M
YoY Change -83.11% -78.13% -71.39%
LONG-TERM LIABILITIES
Long-Term Debt $2.173B $2.102B $2.176B
YoY Change -31.18% -31.29% -30.26%
Other Long-Term Liabilities $144.2M $126.5M $115.2M
YoY Change -57.86% -58.25% -43.29%
Total Long-Term Liabilities $2.317B $2.228B $2.291B
YoY Change -33.79% -33.72% -31.06%
TOTAL LIABILITIES
Total Short-Term Liabilities $117.0M $138.9M $119.3M
Total Long-Term Liabilities $2.317B $2.228B $2.291B
Total Liabilities $2.434B $2.367B $2.410B
YoY Change -41.94% -40.78% -35.55%
SHAREHOLDERS EQUITY
Retained Earnings -$241.5M -$296.2M -$325.6M
YoY Change -28.21% -16.46% 145.94%
Common Stock $997.0K $997.0K $997.0K
YoY Change 0.5% 0.5% 0.5%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $90.80M $73.60M $18.90M
YoY Change
Total Liabilities & Shareholders Equity $2.526B $2.441B $2.430B
YoY Change -48.27% -48.69% -50.05%

Cashflow Statement

Concept 2023 Q2 2023 Q1 2022 Q4
OPERATING ACTIVITIES
Net Income $54.75M $29.40M $20.00M
YoY Change 460.99% -112.8% -263.19%
Depreciation, Depletion And Amortization $38.51M $40.93M $44.20M
YoY Change -31.98% -29.8% -29.97%
Cash From Operating Activities $28.50M $38.70M $600.0K
YoY Change -156.44% 1912.32% -144.91%
INVESTING ACTIVITIES
Capital Expenditures $200.1M $1.451M $261.2M
YoY Change -218.3% -97.35% -181.41%
Acquisitions
YoY Change
Other Investing Activities $110.5M $126.6M $118.3M
YoY Change 22.12% 156.67% 84.33%
Cash From Investing Activities -$89.50M -$12.32M -$142.9M
YoY Change 13.79% -94.6% -44.33%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net $220.0M
YoY Change -1.99%
Cash From Financing Activities 41.10M -$38.45M 122.6M
YoY Change -38.0% -126.37% -48.62%
NET CHANGE
Cash From Operating Activities 28.50M $38.70M 600.0K
Cash From Investing Activities -89.50M -$12.32M -142.9M
Cash From Financing Activities 41.10M -$38.45M 122.6M
Net Change In Cash -19.90M -$12.07M -19.70M
YoY Change -68.34% -84.99% 1.6%
FREE CASH FLOW
Cash From Operating Activities $28.50M $38.70M $600.0K
Capital Expenditures $200.1M $1.451M $261.2M
Free Cash Flow -$171.6M $37.25M -$260.6M
YoY Change -244.62% -170.62% -181.56%

Facts In Submission

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IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToNoncontrollingInterest
-7466000 usd
CY2023Q1 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
29397000 usd
CY2022Q1 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-316972000 usd
CY2022Q1 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification Tax Parent
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationTaxParent
0 usd
CY2022Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
19402000 usd
CY2023Q1 us-gaap Profit Loss
ProfitLoss
29397000 usd
CY2023Q1 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
0 usd
CY2023Q1 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
29397000 usd
CY2023Q1 us-gaap Adjustments To Additional Paid In Capital Dividends In Excess Of Retained Earnings
AdjustmentsToAdditionalPaidInCapitalDividendsInExcessOfRetainedEarnings
29919000 usd
CY2022 us-gaap Stock And Warrants Issued During Period Value Preferred Stock And Warrants
StockAndWarrantsIssuedDuringPeriodValuePreferredStockAndWarrants
61729000 usd
CY2023Q1 us-gaap Dividends Preferred Stock Cash
DividendsPreferredStockCash
6791000 usd
CY2023Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
108000 usd
CY2023Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
74156000 usd
CY2021Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1124100000 usd
CY2022Q1 us-gaap Profit Loss
ProfitLoss
-229659000 usd
CY2022Q1 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-94779000 usd
CY2022Q1 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
-324438000 usd
CY2022Q1 us-gaap Adjustments To Additional Paid In Capital Dividends In Excess Of Retained Earnings
AdjustmentsToAdditionalPaidInCapitalDividendsInExcessOfRetainedEarnings
32749000 usd
CY2022Q1 us-gaap Dividends Preferred Stock Cash
DividendsPreferredStockCash
6791000 usd
CY2022Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
709000 usd
CY2022Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
760995000 usd
CY2023Q1 us-gaap Profit Loss
ProfitLoss
29397000 usd
CY2022Q1 us-gaap Profit Loss
ProfitLoss
-229659000 usd
CY2023Q1 us-gaap Income Loss From Equity Method Investments Net Of Dividends Or Distributions
IncomeLossFromEquityMethodInvestmentsNetOfDividendsOrDistributions
-1335000 usd
CY2022Q1 us-gaap Income Loss From Equity Method Investments Net Of Dividends Or Distributions
IncomeLossFromEquityMethodInvestmentsNetOfDividendsOrDistributions
-24013000 usd
CY2023Q1 us-gaap Gain Loss On Disposition Of Assets
GainLossOnDispositionOfAssets
31657000 usd
CY2022Q1 us-gaap Gain Loss On Disposition Of Assets
GainLossOnDispositionOfAssets
16288000 usd
CY2023Q1 ftai Security Deposits And Maintenance Claims
SecurityDepositsAndMaintenanceClaims
9842000 usd
CY2022Q1 ftai Security Deposits And Maintenance Claims
SecurityDepositsAndMaintenanceClaims
11592000 usd
CY2023Q1 ftai Share Based Payment Arrangement Expense Including Discontinued Operations
ShareBasedPaymentArrangementExpenseIncludingDiscontinuedOperations
108000 usd
CY2022Q1 ftai Share Based Payment Arrangement Expense Including Discontinued Operations
ShareBasedPaymentArrangementExpenseIncludingDiscontinuedOperations
709000 usd
CY2023Q1 ftai Depreciation Depletion And Amortization Including Discontinued Operations
DepreciationDepletionAndAmortizationIncludingDiscontinuedOperations
40926000 usd
CY2022Q1 ftai Depreciation Depletion And Amortization Including Discontinued Operations
DepreciationDepletionAndAmortizationIncludingDiscontinuedOperations
58301000 usd
CY2023Q1 us-gaap Asset Impairment Charges
AssetImpairmentCharges
1220000 usd
CY2022Q1 us-gaap Asset Impairment Charges
AssetImpairmentCharges
122790000 usd
CY2023Q1 us-gaap Deferred Income Taxes And Tax Credits
DeferredIncomeTaxesAndTaxCredits
1692000 usd
CY2022Q1 us-gaap Deferred Income Taxes And Tax Credits
DeferredIncomeTaxesAndTaxCredits
2388000 usd
CY2023Q1 us-gaap Derivative Instruments Not Designated As Hedging Instruments Gain Loss Net
DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet
0 usd
CY2022Q1 us-gaap Derivative Instruments Not Designated As Hedging Instruments Gain Loss Net
DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet
-766000 usd
CY2023Q1 ftai Fair Value Adjustment Of Gurantees
FairValueAdjustmentOfGurantees
1769000 usd
CY2022Q1 ftai Fair Value Adjustment Of Gurantees
FairValueAdjustmentOfGurantees
0 usd
CY2023Q1 ftai Amortizationof Lease Intangiblesand Incentives
AmortizationofLeaseIntangiblesandIncentives
7844000 usd
CY2022Q1 ftai Amortizationof Lease Intangiblesand Incentives
AmortizationofLeaseIntangiblesandIncentives
12013000 usd
CY2023Q1 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
2017000 usd
CY2022Q1 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
5771000 usd
CY2023Q1 ftai Accounts Receivable Credit Loss Expense Reversal Including Discontinued Operations
AccountsReceivableCreditLossExpenseReversalIncludingDiscontinuedOperations
475000 usd
CY2022Q1 ftai Accounts Receivable Credit Loss Expense Reversal Including Discontinued Operations
AccountsReceivableCreditLossExpenseReversalIncludingDiscontinuedOperations
47914000 usd
CY2023Q1 us-gaap Other Operating Activities Cash Flow Statement
OtherOperatingActivitiesCashFlowStatement
-326000 usd
CY2022Q1 us-gaap Other Operating Activities Cash Flow Statement
OtherOperatingActivitiesCashFlowStatement
-208000 usd
CY2023Q1 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
14840000 usd
CY2022Q1 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-8619000 usd
CY2023Q1 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
-6984000 usd
CY2022Q1 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
6044000 usd
CY2023Q1 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
2013000 usd
CY2022Q1 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
4221000 usd
CY2023Q1 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
6088000 usd
CY2022Q1 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-16597000 usd
CY2023Q1 us-gaap Increase Decrease In Due To Related Parties
IncreaseDecreaseInDueToRelatedParties
-386000 usd
CY2022Q1 us-gaap Increase Decrease In Due To Related Parties
IncreaseDecreaseInDueToRelatedParties
-158000 usd
CY2023Q1 us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
1444000 usd
CY2022Q1 us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
3406000 usd
CY2023Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
38697000 usd
CY2022Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
1923000 usd
CY2023Q1 us-gaap Payments For Advance To Affiliate
PaymentsForAdvanceToAffiliate
19500000 usd
CY2022Q1 us-gaap Payments For Advance To Affiliate
PaymentsForAdvanceToAffiliate
1637000 usd
CY2023Q1 us-gaap Proceeds From Collection Of Lease Receivables
ProceedsFromCollectionOfLeaseReceivables
0 usd
CY2022Q1 us-gaap Proceeds From Collection Of Lease Receivables
ProceedsFromCollectionOfLeaseReceivables
67000 usd
CY2023Q1 us-gaap Payments To Acquire Equipment On Lease
PaymentsToAcquireEquipmentOnLease
127513000 usd
CY2022Q1 us-gaap Payments To Acquire Equipment On Lease
PaymentsToAcquireEquipmentOnLease
219440000 usd
CY2023Q1 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
1451000 usd
CY2022Q1 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
54661000 usd
CY2023Q1 ftai Acquisitionof Lease Intangibles Net
AcquisitionofLeaseIntangiblesNet
-8640000 usd
CY2022Q1 ftai Acquisitionof Lease Intangibles Net
AcquisitionofLeaseIntangiblesNet
-5282000 usd
CY2023Q1 ftai Paymentsfor Depositson Leasing Equipment
PaymentsforDepositsonLeasingEquipment
9940000 usd
CY2022Q1 ftai Paymentsfor Depositson Leasing Equipment
PaymentsforDepositsonLeasingEquipment
3350000 usd
CY2023Q1 ftai Proceeds From Saleof Equipmenton Lease
ProceedsFromSaleofEquipmentonLease
153679000 usd
CY2022Q1 ftai Proceeds From Saleof Equipmenton Lease
ProceedsFromSaleofEquipmentonLease
51491000 usd
CY2023Q1 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
0 usd
CY2022Q1 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
2910000 usd
CY2023Q1 us-gaap Proceeds From Sale Of Other Assets Investing Activities
ProceedsFromSaleOfOtherAssetsInvestingActivities
1042000 usd
CY2022Q1 us-gaap Proceeds From Sale Of Other Assets Investing Activities
ProceedsFromSaleOfOtherAssetsInvestingActivities
1775000 usd
CY2023Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-12323000 usd
CY2022Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-228127000 usd
CY2023Q1 us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
145000000 usd
CY2022Q1 us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
408980000 usd
CY2023Q1 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
220000000 usd
CY2022Q1 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
224473000 usd
CY2023Q1 us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
0 usd
CY2022Q1 us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
10818000 usd
CY2023Q1 ftai Increasein Security Deposits
IncreaseinSecurityDeposits
1459000 usd
CY2022Q1 ftai Increasein Security Deposits
IncreaseinSecurityDeposits
1075000 usd
CY2023Q1 ftai Decreasein Security Deposits
DecreaseinSecurityDeposits
65000 usd
CY2022Q1 ftai Decreasein Security Deposits
DecreaseinSecurityDeposits
0 usd
CY2023Q1 ftai Increasein Maintenance Deposits
IncreaseinMaintenanceDeposits
10142000 usd
CY2022Q1 ftai Increasein Maintenance Deposits
IncreaseinMaintenanceDeposits
10836000 usd
CY2023Q1 ftai Decreasein Maintenance Deposits
DecreaseinMaintenanceDeposits
0 usd
CY2022Q1 ftai Decreasein Maintenance Deposits
DecreaseinMaintenanceDeposits
250000 usd
CY2023Q1 us-gaap Proceeds From Issuance Of Preferred Stock And Preference Stock
ProceedsFromIssuanceOfPreferredStockAndPreferenceStock
61729000 usd
CY2022Q1 us-gaap Proceeds From Issuance Of Preferred Stock And Preference Stock
ProceedsFromIssuanceOfPreferredStockAndPreferenceStock
0 usd
CY2023Q1 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
29919000 usd
CY2022Q1 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
32749000 usd
CY2023Q1 us-gaap Payments Of Dividends Preferred Stock And Preference Stock
PaymentsOfDividendsPreferredStockAndPreferenceStock
6791000 usd
CY2022Q1 us-gaap Payments Of Dividends Preferred Stock And Preference Stock
PaymentsOfDividendsPreferredStockAndPreferenceStock
6791000 usd
CY2023Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-38445000 usd
CY2022Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
145810000 usd
CY2023Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-12071000 usd
CY2022Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-80394000 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
53065000 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
440061000 usd
CY2023Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
40994000 usd
CY2022Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
359667000 usd
CY2023Q1 ftai Noncashor Part Noncash Acquisition Leasing Equipment Acquired
NoncashorPartNoncashAcquisitionLeasingEquipmentAcquired
17104000 usd
CY2022Q1 ftai Noncashor Part Noncash Acquisition Leasing Equipment Acquired
NoncashorPartNoncashAcquisitionLeasingEquipmentAcquired
9658000 usd
CY2023Q1 ftai Noncash Or Part Noncash Acquisition Security Deposits Maintenance Deposits Other Assets And Other Liabilities Settled
NoncashOrPartNoncashAcquisitionSecurityDepositsMaintenanceDepositsOtherAssetsAndOtherLiabilitiesSettled
10293000 usd
CY2022Q1 ftai Noncash Or Part Noncash Acquisition Security Deposits Maintenance Deposits Other Assets And Other Liabilities Settled
NoncashOrPartNoncashAcquisitionSecurityDepositsMaintenanceDepositsOtherAssetsAndOtherLiabilitiesSettled
0 usd
CY2023Q1 ftai Noncashor Part Noncash Acquisition Security Deposits Settledand Assumed
NoncashorPartNoncashAcquisitionSecurityDepositsSettledandAssumed
468000 usd
CY2022Q1 ftai Noncashor Part Noncash Acquisition Security Deposits Settledand Assumed
NoncashorPartNoncashAcquisitionSecurityDepositsSettledandAssumed
10198000 usd
CY2023Q1 ftai Noncashor Part Noncash Acquisition Maintenance Deposits Billedand Assumed
NoncashorPartNoncashAcquisitionMaintenanceDepositsBilledandAssumed
6774000 usd
CY2022Q1 ftai Noncashor Part Noncash Acquisition Maintenance Deposits Billedand Assumed
NoncashorPartNoncashAcquisitionMaintenanceDepositsBilledandAssumed
-31594000 usd
CY2023Q1 ftai Noncash Change In Equity Method Investment
NoncashChangeInEquityMethodInvestment
0 usd
CY2022Q1 ftai Noncash Change In Equity Method Investment
NoncashChangeInEquityMethodInvestment
-94779000 usd
CY2023Q1 ftai Stock Issuance Costs Incurred During Noncashor Partial Noncash Transaction
StockIssuanceCostsIncurredDuringNoncashorPartialNoncashTransaction
230000 usd
CY2022Q1 ftai Stock Issuance Costs Incurred During Noncashor Partial Noncash Transaction
StockIssuanceCostsIncurredDuringNoncashorPartialNoncashTransaction
164000 usd
CY2023Q1 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
2 segment
CY2023Q1 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 U.S. 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>
CY2022Q4 us-gaap Restricted Cash
RestrictedCash
19500000 usd
CY2023Q1 us-gaap Restricted Cash
RestrictedCash
0 usd
CY2023Q1 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. We attempt to limit our credit risk by performing ongoing credit evaluations. We earned 18% and 10% of our revenue from two customers in the Aviation Leasing segment during the three months ended March 31, 2023. No single customer accounted for greater </span><span style="background-color:#ffffff;color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:120%">than </span><span style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:120%">10%</span><span style="background-color:#ffffff;color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> of</span><span style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> total revenue during the three months ended March 31, 2022.</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, 2023, there was one customer in the Aviation Leasing segment that represented 15% of total accounts receivable, net. As of December 31, 2022, there were two customers in the Aviation Leasing segment that represented 20% and 12% 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 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>
CY2023Q1 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
66100000 usd
CY2022Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
65600000 usd
CY2023Q1 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
500000 usd
CY2022Q1 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
47900000 usd
CY2023Q1 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
2800000 usd
CY2022Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
3000000 usd
CY2023Q1 ftai Other Assets Finance Leases Net
OtherAssetsFinanceLeasesNet
5900000 usd
CY2022Q4 ftai Other Assets Finance Leases Net
OtherAssetsFinanceLeasesNet
6400000 usd
CY2023Q1 us-gaap Prepaid Expense Current And Noncurrent
PrepaidExpenseCurrentAndNoncurrent
1500000 usd
CY2022Q4 us-gaap Prepaid Expense Current And Noncurrent
PrepaidExpenseCurrentAndNoncurrent
1900000 usd
CY2023Q1 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.30
CY2022Q1 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.33
CY2022Q1 us-gaap Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
122800000 usd
CY2023Q1 us-gaap Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
1200000 usd
CY2023Q1 ftai Leasing Equipment Numberof Aircraft Acquired
LeasingEquipmentNumberofAircraftAcquired
5
CY2023Q1 ftai Leasing Equipment Numberof Commercial Jet Engines Acquired
LeasingEquipmentNumberofCommercialJetEnginesAcquired
22 commercial_jet_engine
CY2023Q1 us-gaap Property Plant And Equipment Number Of Aircraft Sold
PropertyPlantAndEquipmentNumberOfAircraftSold
8
CY2023Q1 ftai Numberof Commercial Engines Sold
NumberofCommercialEnginesSold
13 commercial_jet_engine
CY2023Q1 us-gaap Equity Method Investments
EquityMethodInvestments
40202000 usd
CY2022Q4 us-gaap Equity Method Investments
EquityMethodInvestments
22037000 usd
CY2023Q1 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
-1335000 usd
CY2022Q1 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
198000 usd
CY2023Q1 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
60514000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
64202000 usd
CY2023Q1 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
14785000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
22247000 usd
CY2023Q1 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
45729000 usd
CY2022Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
41955000 usd
CY2023Q1 us-gaap Below Market Lease Gross
BelowMarketLeaseGross
3771000 usd
CY2022Q4 us-gaap Below Market Lease Gross
BelowMarketLeaseGross
13152000 usd
CY2023Q1 us-gaap Below Market Lease Accumulated Amortization
BelowMarketLeaseAccumulatedAmortization
1796000 usd
CY2022Q4 us-gaap Below Market Lease Accumulated Amortization
BelowMarketLeaseAccumulatedAmortization
2607000 usd
CY2023Q1 us-gaap Below Market Lease Net
BelowMarketLeaseNet
1975000 usd
CY2022Q4 us-gaap Below Market Lease Net
BelowMarketLeaseNet
10545000 usd
CY2022Q4 us-gaap Long Term Debt
LongTermDebt
2175727000 usd
CY2023Q1 us-gaap Long Term Debt Current
LongTermDebtCurrent
0 usd
CY2023Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year
FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear
14150000 usd
CY2023Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
10083000 usd
CY2023Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
8678000 usd
CY2023Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
3695000 usd
CY2023Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
4392000 usd
CY2023Q1 ftai Finite Lived Intangible Asset Expected Amortization After Year Four
FiniteLivedIntangibleAssetExpectedAmortizationAfterYearFour
2756000 usd
CY2023Q1 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
43754000 usd
CY2023Q1 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
2129800000 usd
CY2022Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
2205127000 usd
CY2023Q1 us-gaap Unamortized Debt Issuance Expense
UnamortizedDebtIssuanceExpense
27893000 usd
CY2022Q4 us-gaap Unamortized Debt Issuance Expense
UnamortizedDebtIssuanceExpense
29400000 usd
CY2023Q1 us-gaap Long Term Debt
LongTermDebt
2101907000 usd
CY2022Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
0 usd
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