$FTAI
FTAI Aviation Ltd.

2023 Q3 Form 10-Q Financial Statement

#000159036423000023 Filed on July 27, 2023

View on sec.gov

Income Statement

Concept 2023 Q3 2023 Q2
Revenue $291.1M $274.3M
YoY Change 26.36% 54.19%
Cost Of Revenue $116.7M $104.5M
YoY Change 21.63% 3313.85%
Gross Profit $174.4M $169.8M
YoY Change 29.74% -2.89%
Gross Profit Margin 59.91% 61.9%
Selling, General & Admin $3.015M $3.200M
YoY Change -10.11% -36.05%
% of Gross Profit 1.73% 1.88%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $43.96M $38.51M
YoY Change -7.17% -31.98%
% of Gross Profit 25.21% 22.68%
Operating Expenses $80.86M $66.50M
YoY Change 23.26% -54.34%
Operating Profit $93.53M $103.3M
YoY Change 35.92% 253.33%
Interest Expense $40.19M $38.50M
YoY Change -199.15% -29.19%
% of Operating Profit 42.97% 37.26%
Other Income/Expense, Net $507.0K $28.00K
YoY Change -148.84% -99.94%
Pretax Income $45.01M $56.61M
YoY Change 107071.43% 329.79%
Income Tax $3.705M $1.855M
% Of Pretax Income 8.23% 3.28%
Net Earnings $41.31M $54.75M
YoY Change -357.24% 460.99%
Net Earnings / Revenue 14.19% 19.96%
Basic Earnings Per Share $0.33 $0.47
Diluted Earnings Per Share $0.33 $0.46
COMMON SHARES
Basic Shares Outstanding 99.74M shares 99.73M shares
Diluted Shares Outstanding 100.5M shares 100.5M shares

Balance Sheet

Concept 2023 Q3 2023 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $52.88M $21.10M
YoY Change -27.31% -82.25%
Cash & Equivalents $52.88M $21.13M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory $274.8M $232.0M
Prepaid Expenses
Receivables $107.8M $117.5M
Other Receivables $0.00 $0.00
Total Short-Term Assets $435.5M $370.6M
YoY Change 32.94% 27.22%
LONG-TERM ASSETS
Property, Plant & Equipment $13.45M $12.12M
YoY Change -99.23% -99.26%
Goodwill
YoY Change
Intangibles $41.47M $44.68M
YoY Change 40.98% -53.38%
Long-Term Investments $39.87M $39.82M
YoY Change 78.94% -60.0%
Other Assets $2.900M $3.100M
YoY Change -98.48%
Total Long-Term Assets $2.198B $2.155B
YoY Change 12.71% -53.06%
TOTAL ASSETS
Total Short-Term Assets $435.5M $370.6M
Total Long-Term Assets $2.198B $2.155B
Total Assets $2.634B $2.526B
YoY Change 15.62% -48.27%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $108.6M $79.80M
YoY Change 5.92% -68.48%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $0.00 $0.00
YoY Change -100.0%
Total Short-Term Liabilities $148.5M $117.0M
YoY Change 14.29% -83.11%
LONG-TERM LIABILITIES
Long-Term Debt $2.279B $2.173B
YoY Change 12.58% -31.18%
Other Long-Term Liabilities $110.9M $144.2M
YoY Change 13.79% -57.86%
Total Long-Term Liabilities $2.390B $2.317B
YoY Change 12.64% -33.79%
TOTAL LIABILITIES
Total Short-Term Liabilities $148.5M $117.0M
Total Long-Term Liabilities $2.390B $2.317B
Total Liabilities $2.539B $2.434B
YoY Change 12.71% -41.94%
SHAREHOLDERS EQUITY
Retained Earnings -$200.1M -$241.5M
YoY Change -43.21% -28.21%
Common Stock $1.002M $997.0K
YoY Change 0.8% 0.5%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $94.53M $90.80M
YoY Change
Total Liabilities & Shareholders Equity $2.634B $2.526B
YoY Change 15.62% -48.27%

Cashflow Statement

Concept 2023 Q3 2023 Q2
OPERATING ACTIVITIES
Net Income $41.31M $54.75M
YoY Change -357.24% 460.99%
Depreciation, Depletion And Amortization $43.96M $38.51M
YoY Change -7.17% -31.98%
Cash From Operating Activities $49.57M $28.50M
YoY Change 81.76% -156.44%
INVESTING ACTIVITIES
Capital Expenditures $183.0M $200.1M
YoY Change -324.82% -218.3%
Acquisitions
YoY Change
Other Investing Activities $93.85M $110.5M
YoY Change -21.68% 22.12%
Cash From Investing Activities -$89.29M -$89.50M
YoY Change -332.43% 13.79%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 71.44M 41.10M
YoY Change -124.66% -38.0%
NET CHANGE
Cash From Operating Activities 49.57M 28.50M
Cash From Investing Activities -89.29M -89.50M
Cash From Financing Activities 71.44M 41.10M
Net Change In Cash 31.71M -19.90M
YoY Change -114.15% -68.34%
FREE CASH FLOW
Cash From Operating Activities $49.57M $28.50M
Capital Expenditures $183.0M $200.1M
Free Cash Flow -$133.5M -$171.6M
YoY Change -222.81% -244.62%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
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IncreaseDecreaseInInventories
-11000 usd
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
12373000 usd
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
2583000 usd
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
25319000 usd
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-15350000 usd
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
5045000 usd
us-gaap Increase Decrease In Due To Related Parties
IncreaseDecreaseInDueToRelatedParties
1892000 usd
us-gaap Increase Decrease In Due To Related Parties
IncreaseDecreaseInDueToRelatedParties
-1829000 usd
us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
2168000 usd
us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
-5130000 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
67241000 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-48569000 usd
us-gaap Payments For Advance To Affiliate
PaymentsForAdvanceToAffiliate
19500000 usd
us-gaap Payments For Advance To Affiliate
PaymentsForAdvanceToAffiliate
2232000 usd
us-gaap Proceeds From Collection Of Notes Receivable
ProceedsFromCollectionOfNotesReceivable
1624000 usd
us-gaap Proceeds From Collection Of Notes Receivable
ProceedsFromCollectionOfNotesReceivable
0 usd
us-gaap Proceeds From Collection Of Lease Receivables
ProceedsFromCollectionOfLeaseReceivables
1939000 usd
us-gaap Proceeds From Collection Of Lease Receivables
ProceedsFromCollectionOfLeaseReceivables
575000 usd
us-gaap Payments To Acquire Businesses Gross
PaymentsToAcquireBusinessesGross
0 usd
us-gaap Payments To Acquire Businesses Gross
PaymentsToAcquireBusinessesGross
3819000 usd
us-gaap Payments To Acquire Equipment On Lease
PaymentsToAcquireEquipmentOnLease
325462000 usd
us-gaap Payments To Acquire Equipment On Lease
PaymentsToAcquireEquipmentOnLease
320766000 usd
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
2298000 usd
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
118729000 usd
ftai Acquisitionof Lease Intangibles Net
AcquisitionofLeaseIntangiblesNet
-10795000 usd
ftai Acquisitionof Lease Intangibles Net
AcquisitionofLeaseIntangiblesNet
-5282000 usd
us-gaap Payments To Acquire Notes Receivable
PaymentsToAcquireNotesReceivable
11500000 usd
us-gaap Payments To Acquire Notes Receivable
PaymentsToAcquireNotesReceivable
0 usd
ftai Paymentsfor Depositson Leasing Equipment
PaymentsforDepositsonLeasingEquipment
11200000 usd
ftai Paymentsfor Depositson Leasing Equipment
PaymentsforDepositsonLeasingEquipment
7100000 usd
ftai Proceeds From Saleof Equipmenton Lease
ProceedsFromSaleofEquipmentonLease
273229000 usd
ftai Proceeds From Saleof Equipmenton Lease
ProceedsFromSaleofEquipmentonLease
138020000 usd
us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
0 usd
us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
4304000 usd
us-gaap Proceeds From Sale Of Other Assets Investing Activities
ProceedsFromSaleOfOtherAssetsInvestingActivities
1817000 usd
us-gaap Proceeds From Sale Of Other Assets Investing Activities
ProceedsFromSaleOfOtherAssetsInvestingActivities
8245000 usd
ftai Receipts From Sale Of Other Assets Investing Activities
ReceiptsFromSaleOfOtherAssetsInvestingActivities
300000 usd
ftai Receipts From Sale Of Other Assets Investing Activities
ReceiptsFromSaleOfOtherAssetsInvestingActivities
0 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-101846000 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-306784000 usd
us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
325000000 usd
us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
503980000 usd
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
330000000 usd
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
224724000 usd
us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
1437000 usd
us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
14405000 usd
ftai Increasein Security Deposits
IncreaseinSecurityDeposits
5577000 usd
ftai Increasein Security Deposits
IncreaseinSecurityDeposits
1890000 usd
ftai Decreasein Security Deposits
DecreaseinSecurityDeposits
1295000 usd
ftai Decreasein Security Deposits
DecreaseinSecurityDeposits
0 usd
ftai Increasein Maintenance Deposits
IncreaseinMaintenanceDeposits
18070000 usd
ftai Increasein Maintenance Deposits
IncreaseinMaintenanceDeposits
24418000 usd
ftai Decreasein Maintenance Deposits
DecreaseinMaintenanceDeposits
0 usd
ftai Decreasein Maintenance Deposits
DecreaseinMaintenanceDeposits
878000 usd
us-gaap Proceeds From Minority Shareholders
ProceedsFromMinorityShareholders
10000 usd
us-gaap Proceeds From Minority Shareholders
ProceedsFromMinorityShareholders
1187000 usd
us-gaap Proceeds From Issuance Of Preferred Stock And Preference Stock
ProceedsFromIssuanceOfPreferredStockAndPreferenceStock
61729000 usd
us-gaap Proceeds From Issuance Of Preferred Stock And Preference Stock
ProceedsFromIssuanceOfPreferredStockAndPreferenceStock
0 usd
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
59854000 usd
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
65789000 usd
us-gaap Payments Of Dividends Preferred Stock And Preference Stock
PaymentsOfDividendsPreferredStockAndPreferenceStock
15126000 usd
us-gaap Payments Of Dividends Preferred Stock And Preference Stock
PaymentsOfDividendsPreferredStockAndPreferenceStock
13582000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
2674000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
212097000 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-31931000 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-143256000 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
CY2023Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
21134000 usd
CY2022Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
296805000 usd
ftai Noncashor Part Noncash Acquisition Leasing Equipment Acquired
NoncashorPartNoncashAcquisitionLeasingEquipmentAcquired
50100000 usd
ftai Noncashor Part Noncash Acquisition Leasing Equipment Acquired
NoncashorPartNoncashAcquisitionLeasingEquipmentAcquired
105635000 usd
us-gaap Noncash Or Part Noncash Acquisition Fixed Assets Acquired1
NoncashOrPartNoncashAcquisitionFixedAssetsAcquired1
148000 usd
us-gaap Noncash Or Part Noncash Acquisition Fixed Assets Acquired1
NoncashOrPartNoncashAcquisitionFixedAssetsAcquired1
1346000 usd
ftai Noncash Or Part Noncash Acquisition Security Deposits Maintenance Deposits Other Assets And Other Liabilities Settled
NoncashOrPartNoncashAcquisitionSecurityDepositsMaintenanceDepositsOtherAssetsAndOtherLiabilitiesSettled
20062000 usd
ftai Noncash Or Part Noncash Acquisition Security Deposits Maintenance Deposits Other Assets And Other Liabilities Settled
NoncashOrPartNoncashAcquisitionSecurityDepositsMaintenanceDepositsOtherAssetsAndOtherLiabilitiesSettled
0 usd
ftai Noncashor Part Noncash Acquisition Security Deposits Settledand Assumed
NoncashorPartNoncashAcquisitionSecurityDepositsSettledandAssumed
-167000 usd
ftai Noncashor Part Noncash Acquisition Security Deposits Settledand Assumed
NoncashorPartNoncashAcquisitionSecurityDepositsSettledandAssumed
12055000 usd
ftai Noncashor Part Noncash Acquisition Maintenance Deposits Billedand Assumed
NoncashorPartNoncashAcquisitionMaintenanceDepositsBilledandAssumed
7374000 usd
ftai Noncashor Part Noncash Acquisition Maintenance Deposits Billedand Assumed
NoncashorPartNoncashAcquisitionMaintenanceDepositsBilledandAssumed
-55108000 usd
ftai Noncash Change In Equity Method Investment
NoncashChangeInEquityMethodInvestment
0 usd
ftai Noncash Change In Equity Method Investment
NoncashChangeInEquityMethodInvestment
-142493000 usd
ftai Conversion Of Interests In Unconsolidated Entities
ConversionOfInterestsInUnconsolidatedEntities
0 usd
ftai Conversion Of Interests In Unconsolidated Entities
ConversionOfInterestsInUnconsolidatedEntities
-21302000 usd
ftai Stock Issuance Costs Incurred During Noncashor Partial Noncash Transaction
StockIssuanceCostsIncurredDuringNoncashorPartialNoncashTransaction
389000 usd
ftai Stock Issuance Costs Incurred During Noncashor Partial Noncash Transaction
StockIssuanceCostsIncurredDuringNoncashorPartialNoncashTransaction
399000 usd
us-gaap Number Of Reportable Segments
NumberOfReportableSegments
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 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>
CY2023Q2 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
600000 usd
CY2022Q2 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
-700000 usd
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
1000000 usd
CY2022Q4 us-gaap Restricted Cash
RestrictedCash
19500000 usd
CY2023Q2 us-gaap Restricted Cash
RestrictedCash
0 usd
us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<div style="margin-top:6pt;text-align:justify"><span style="background-color:#ffffff;color:#00497f;font-family:'Arial',sans-serif;font-size:9pt;font-style:italic;font-weight:700;line-height:120%">Concentration of Credit Risk</span><span style="background-color:#ffffff;color:#00497f;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:120%">—</span><span style="background-color:#ffffff;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 </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%">and 11% of our revenue from one customer in the Aviation Leasing segment during the three and six months ended June 30, 2023, respectively. No single customer accounted for greater than 10% of total revenue during the three and six months ended June 30, 2022.</span></div><div style="margin-top:6pt;text-align:justify"><span style="background-color:#ffffff;color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:120%">As of June 30, 2023, there were three customers in the Aviation Leasing segment that represented </span><span style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:120%">15%, 14%, and 11%</span><span style="background-color:#ffffff;color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> 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="background-color:#ffffff;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>
CY2023Q2 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
66600000 usd
CY2022Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
65600000 usd
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
47200000 usd
CY2023Q2 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
2600000 usd
CY2022Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
3000000 usd
ftai Other Assets Finance Leases Net
OtherAssetsFinanceLeasesNet
4100000 usd
CY2022 ftai Other Assets Finance Leases Net
OtherAssetsFinanceLeasesNet
6400000 usd
CY2023Q2 us-gaap Prepaid Expense Current And Noncurrent
PrepaidExpenseCurrentAndNoncurrent
3100000 usd
CY2022Q4 us-gaap Prepaid Expense Current And Noncurrent
PrepaidExpenseCurrentAndNoncurrent
1900000 usd
CY2023Q2 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.30
CY2022Q2 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.33
us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.60
us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.66
CY2022Q1 us-gaap Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
120000000 usd
us-gaap Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
1200000 usd
CY2023Q2 us-gaap Equity Method Investments
EquityMethodInvestments
39822000 usd
CY2022Q4 us-gaap Equity Method Investments
EquityMethodInvestments
22037000 usd
CY2023Q2 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
-380000 usd
CY2022Q2 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
35000 usd
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
-1715000 usd
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
233000 usd
CY2023Q2 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
61934000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
64202000 usd
CY2023Q2 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
17251000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
22247000 usd
CY2023Q2 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
44683000 usd
CY2022Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
41955000 usd
CY2023Q2 us-gaap Below Market Lease Gross
BelowMarketLeaseGross
2232000 usd
CY2022Q4 us-gaap Below Market Lease Gross
BelowMarketLeaseGross
13152000 usd
CY2023Q2 us-gaap Below Market Lease Accumulated Amortization
BelowMarketLeaseAccumulatedAmortization
1380000 usd
CY2022Q4 us-gaap Below Market Lease Accumulated Amortization
BelowMarketLeaseAccumulatedAmortization
2607000 usd
CY2023Q2 us-gaap Below Market Lease Net
BelowMarketLeaseNet
852000 usd
CY2022Q4 us-gaap Below Market Lease Net
BelowMarketLeaseNet
10545000 usd
CY2023Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year
FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear
6371000 usd
CY2023Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
13166000 usd
CY2023Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
9050000 usd
CY2023Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
6506000 usd
CY2023Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
3392000 usd
CY2023Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
3218000 usd
CY2023Q2 us-gaap Finite Lived Intangible Assets Amortization Expense After Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFive
2128000 usd
CY2023Q2 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
43831000 usd
CY2023Q2 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
2199468000 usd
CY2022Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
2205127000 usd
CY2023Q2 us-gaap Unamortized Debt Issuance Expense
UnamortizedDebtIssuanceExpense
26360000 usd
CY2022Q4 us-gaap Unamortized Debt Issuance Expense
UnamortizedDebtIssuanceExpense
29400000 usd
CY2023Q2 us-gaap Long Term Debt
LongTermDebt
2173108000 usd
CY2022Q4 us-gaap Long Term Debt
LongTermDebt
2175727000 usd
CY2023Q2 us-gaap Long Term Debt Current
LongTermDebtCurrent
0 usd
CY2022Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
0 usd
ftai Number Of Air Crafts Sold
NumberOfAirCraftsSold
7 aircraft
CY2023Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
248947 shares
CY2023Q1 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
26.11
CY2023Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
2100000 usd
CY2023Q2 ftai Current Foreign Tax Expense Benefit Cayman Islands
CurrentForeignTaxExpenseBenefitCaymanIslands
0 usd
CY2022Q2 ftai Current Foreign Tax Expense Benefit Cayman Islands
CurrentForeignTaxExpenseBenefitCaymanIslands
0 usd
ftai Current Foreign Tax Expense Benefit Cayman Islands
CurrentForeignTaxExpenseBenefitCaymanIslands
0 usd
ftai Current Foreign Tax Expense Benefit Cayman Islands
CurrentForeignTaxExpenseBenefitCaymanIslands
0 usd
CY2023Q2 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
-92000 usd
CY2022Q2 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
-42000 usd
us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
-45000 usd
us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
335000 usd
CY2023Q2 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
-32000 usd
CY2022Q2 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
154000 usd
us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
-19000 usd
us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
511000 usd
CY2023Q2 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
544000 usd
CY2022Q2 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
-225000 usd
us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
818000 usd
us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
68000 usd
CY2023Q2 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
420000 usd
CY2022Q2 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
-113000 usd
us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
754000 usd
us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
914000 usd
CY2023Q2 ftai Deferred Federal Income Tax Expense Benefit Cayman Islands
DeferredFederalIncomeTaxExpenseBenefitCaymanIslands
0 usd
CY2022Q2 ftai Deferred Federal Income Tax Expense Benefit Cayman Islands
DeferredFederalIncomeTaxExpenseBenefitCaymanIslands
0 usd
ftai Deferred Federal Income Tax Expense Benefit Cayman Islands
DeferredFederalIncomeTaxExpenseBenefitCaymanIslands
0 usd
ftai Deferred Federal Income Tax Expense Benefit Cayman Islands
DeferredFederalIncomeTaxExpenseBenefitCaymanIslands
0 usd
CY2023Q2 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
590000 usd
CY2022Q2 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
1602000 usd
us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
823000 usd
us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
1602000 usd
CY2023Q2 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
54000 usd
CY2022Q2 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
306000 usd
us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
498000 usd
us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
306000 usd
CY2023Q2 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
791000 usd
CY2022Q2 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
34000 usd
us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
1806000 usd
us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
346000 usd
CY2023Q2 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
1435000 usd
CY2022Q2 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
1942000 usd
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
3127000 usd
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
2254000 usd
CY2023Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
1855000 usd
CY2022Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
1829000 usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
3881000 usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
3168000 usd
CY2023Q2 us-gaap Discontinued Operation Tax Effect Of Discontinued Operation
DiscontinuedOperationTaxEffectOfDiscontinuedOperation
0 usd
CY2022Q2 us-gaap Discontinued Operation Tax Effect Of Discontinued Operation
DiscontinuedOperationTaxEffectOfDiscontinuedOperation
1582000 usd
us-gaap Discontinued Operation Tax Effect Of Discontinued Operation
DiscontinuedOperationTaxEffectOfDiscontinuedOperation
0 usd
us-gaap Discontinued Operation Tax Effect Of Discontinued Operation
DiscontinuedOperationTaxEffectOfDiscontinuedOperation
3729000 usd
CY2023Q2 us-gaap Income Tax Expense Benefit Continuing Operations Discontinued Operations Extraordinary Items
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