2024 Q3 Form 10-Q Financial Statement

#000159036424000016 Filed on August 09, 2024

View on sec.gov

Income Statement

Concept 2024 Q3 2024 Q2
Revenue $465.8M $443.6M
YoY Change 60.01% 61.69%
Cost Of Revenue $219.5M $205.9M
YoY Change 88.07% 96.93%
Gross Profit $246.3M $237.7M
YoY Change 41.23% 40.0%
Gross Profit Margin 52.88% 53.59%
Selling, General & Admin $4.045M $2.969M
YoY Change 34.16% -7.22%
% of Gross Profit 1.64% 1.25%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $56.78M $56.69M
YoY Change 29.15% 47.2%
% of Gross Profit 23.05% 23.85%
Operating Expenses $87.68M $388.8M
YoY Change 8.43% 484.6%
Operating Profit $158.6M -$151.0M
YoY Change 69.6% -246.18%
Interest Expense -$58.38M $55.20M
YoY Change -245.27% 43.37%
% of Operating Profit -36.8%
Other Income/Expense, Net $2.909M -$15.11M
YoY Change 473.77% -54071.43%
Pretax Income $93.81M -$232.9M
YoY Change 108.42% -511.43%
Income Tax $7.331M -$13.03M
% Of Pretax Income 7.81%
Net Earnings $78.15M -$219.9M
YoY Change 89.19% -501.57%
Net Earnings / Revenue 16.78% -49.57%
Basic Earnings Per Share $0.76 -$2.26
Diluted Earnings Per Share $0.76 -$2.26
COMMON SHARES
Basic Shares Outstanding 102.2M shares 100.2M shares
Diluted Shares Outstanding 103.4M shares 101.0M shares

Balance Sheet

Concept 2024 Q3 2024 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $111.9M $169.5M
YoY Change 111.59% 703.25%
Cash & Equivalents $111.9M $169.5M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory $491.0M $373.3M
Prepaid Expenses
Receivables $166.3M $154.1M
Other Receivables $0.00 $0.00
Total Short-Term Assets $769.2M $696.8M
YoY Change 76.62% 88.02%
LONG-TERM ASSETS
Property, Plant & Equipment $2.170B $2.239B
YoY Change 16028.6% 18371.04%
Goodwill $31.53M $4.630M
YoY Change
Intangibles $38.00M $42.14M
YoY Change -8.37% -5.7%
Long-Term Investments $19.45M $19.89M
YoY Change -51.22% -50.06%
Other Assets $119.2M $77.55M
YoY Change 4009.03% 2401.61%
Total Long-Term Assets $2.970B $2.752B
YoY Change 35.09% 27.72%
TOTAL ASSETS
Total Short-Term Assets $769.2M $696.8M
Total Long-Term Assets $2.970B $2.752B
Total Assets $3.739B $3.449B
YoY Change 41.96% 36.57%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $196.7M $128.7M
YoY Change 81.12% 61.29%
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
Total Short-Term Liabilities $239.5M $170.2M
YoY Change 61.32% 45.51%
LONG-TERM LIABILITIES
Long-Term Debt $3.218B $3.078B
YoY Change 41.2% 41.62%
Other Long-Term Liabilities $162.5M $131.8M
YoY Change 46.52% -8.57%
Total Long-Term Liabilities $3.381B $3.209B
YoY Change 41.44% 38.5%
TOTAL LIABILITIES
Total Short-Term Liabilities $239.5M $170.2M
Total Long-Term Liabilities $3.381B $3.209B
Total Liabilities $3.620B $3.380B
YoY Change 42.61% 38.84%
SHAREHOLDERS EQUITY
Retained Earnings -$175.6M -$262.0M
YoY Change -12.29% 8.52%
Common Stock $1.025M $1.022M
YoY Change 2.3% 2.51%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $118.5M $69.57M
YoY Change
Total Liabilities & Shareholders Equity $3.739B $3.449B
YoY Change 41.96% 36.57%

Cashflow Statement

Concept 2024 Q3 2024 Q2
OPERATING ACTIVITIES
Net Income $78.15M -$219.9M
YoY Change 89.19% -501.57%
Depreciation, Depletion And Amortization $56.78M $56.69M
YoY Change 29.15% 47.2%
Cash From Operating Activities $41.48M -$187.3M
YoY Change -16.31% -757.16%
INVESTING ACTIVITIES
Capital Expenditures $244.7M $239.5M
YoY Change 33.7% 19.67%
Acquisitions
YoY Change
Other Investing Activities $21.39M $189.3M
YoY Change -77.21% 71.31%
Cash From Investing Activities -$223.3M -$50.17M
YoY Change 150.13% -43.94%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 124.3M 341.7M
YoY Change 73.95% 731.44%
NET CHANGE
Cash From Operating Activities 41.48M -187.3M
Cash From Investing Activities -223.3M -50.17M
Cash From Financing Activities 124.3M 341.7M
Net Change In Cash -57.60M 104.3M
YoY Change -281.61% -623.92%
FREE CASH FLOW
Cash From Operating Activities $41.48M -$187.3M
Capital Expenditures $244.7M $239.5M
Free Cash Flow -$203.3M -$426.8M
YoY Change 52.27% 148.69%

Facts In Submission

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us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
2583000 usd
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-19659000 usd
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-15350000 usd
us-gaap Increase Decrease In Due To Related Parties
IncreaseDecreaseInDueToRelatedParties
-6217000 usd
us-gaap Increase Decrease In Due To Related Parties
IncreaseDecreaseInDueToRelatedParties
1892000 usd
us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
-3229000 usd
us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
2168000 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-187636000 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
67241000 usd
us-gaap Payments For Advance To Affiliate
PaymentsForAdvanceToAffiliate
0 usd
us-gaap Payments For Advance To Affiliate
PaymentsForAdvanceToAffiliate
19500000 usd
us-gaap Proceeds From Collection Of Lease Receivables
ProceedsFromCollectionOfLeaseReceivables
866000 usd
us-gaap Proceeds From Collection Of Lease Receivables
ProceedsFromCollectionOfLeaseReceivables
1939000 usd
us-gaap Proceeds From Collection Of Notes Receivable
ProceedsFromCollectionOfNotesReceivable
2862000 usd
us-gaap Proceeds From Collection Of Notes Receivable
ProceedsFromCollectionOfNotesReceivable
1624000 usd
us-gaap Payments To Acquire Equipment On Lease
PaymentsToAcquireEquipmentOnLease
436180000 usd
us-gaap Payments To Acquire Equipment On Lease
PaymentsToAcquireEquipmentOnLease
325462000 usd
us-gaap Payments To Acquire Finance Receivables
PaymentsToAcquireFinanceReceivables
19750000 usd
us-gaap Payments To Acquire Finance Receivables
PaymentsToAcquireFinanceReceivables
0 usd
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
2471000 usd
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
2298000 usd
ftai Acquisitionof Lease Intangibles Net
AcquisitionofLeaseIntangiblesNet
1174000 usd
ftai Acquisitionof Lease Intangibles Net
AcquisitionofLeaseIntangiblesNet
-10795000 usd
us-gaap Payments To Acquire Notes Receivable
PaymentsToAcquireNotesReceivable
0 usd
us-gaap Payments To Acquire Notes Receivable
PaymentsToAcquireNotesReceivable
11500000 usd
ftai Paymentsfor Depositson Leasing Equipment
PaymentsforDepositsonLeasingEquipment
104654000 usd
ftai Paymentsfor Depositson Leasing Equipment
PaymentsforDepositsonLeasingEquipment
11200000 usd
us-gaap Proceeds From Sale Of Productive Assets
ProceedsFromSaleOfProductiveAssets
333660000 usd
us-gaap Proceeds From Sale Of Productive Assets
ProceedsFromSaleOfProductiveAssets
273229000 usd
ftai Proceeds From Deposit On Sale Of Aircraft And Engine
ProceedsFromDepositOnSaleOfAircraftAndEngine
4580000 usd
ftai Proceeds From Deposit On Sale Of Aircraft And Engine
ProceedsFromDepositOnSaleOfAircraftAndEngine
1817000 usd
ftai Receipt Of Deposits For Sale Of Aircraft And Engine
ReceiptOfDepositsForSaleOfAircraftAndEngine
0 usd
ftai Receipt Of Deposits For Sale Of Aircraft And Engine
ReceiptOfDepositsForSaleOfAircraftAndEngine
300000 usd
ftai Proceeds From Deposits On Sale Of Machinery And Equipment
ProceedsFromDepositsOnSaleOfMachineryAndEquipment
530000 usd
ftai Proceeds From Deposits On Sale Of Machinery And Equipment
ProceedsFromDepositsOnSaleOfMachineryAndEquipment
0 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-219383000 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-101846000 usd
us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
1839250000 usd
us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
325000000 usd
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
1287373000 usd
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
330000000 usd
us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
10245000 usd
us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
1437000 usd
ftai Increasein Security Deposits
IncreaseinSecurityDeposits
3976000 usd
ftai Increasein Security Deposits
IncreaseinSecurityDeposits
5577000 usd
ftai Decreasein Security Deposits
DecreaseinSecurityDeposits
0 usd
ftai Decreasein Security Deposits
DecreaseinSecurityDeposits
1295000 usd
ftai Increasein Maintenance Deposits
IncreaseinMaintenanceDeposits
21429000 usd
ftai Increasein Maintenance Deposits
IncreaseinMaintenanceDeposits
18070000 usd
ftai Decreasein Maintenance Deposits
DecreaseinMaintenanceDeposits
3938000 usd
ftai Decreasein Maintenance Deposits
DecreaseinMaintenanceDeposits
0 usd
us-gaap Proceeds From Payments To Minority Shareholders
ProceedsFromPaymentsToMinorityShareholders
-534000 usd
us-gaap Proceeds From Payments To Minority Shareholders
ProceedsFromPaymentsToMinorityShareholders
10000 usd
us-gaap Proceeds From Issuance Of Preferred Stock And Preference Stock
ProceedsFromIssuanceOfPreferredStockAndPreferenceStock
0 usd
us-gaap Proceeds From Issuance Of Preferred Stock And Preference Stock
ProceedsFromIssuanceOfPreferredStockAndPreferenceStock
61729000 usd
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
60148000 usd
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
59854000 usd
us-gaap Payments Of Dividends Preferred Stock And Preference Stock
PaymentsOfDividendsPreferredStockAndPreferenceStock
16669000 usd
us-gaap Payments Of Dividends Preferred Stock And Preference Stock
PaymentsOfDividendsPreferredStockAndPreferenceStock
15126000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
485748000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
2674000 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
78729000 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-31931000 usd
CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
90906000 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
53065000 usd
CY2024Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
169635000 usd
CY2023Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
21134000 usd
ftai Transfers From Leasing Equipment
TransfersFromLeasingEquipment
70897000 usd
ftai Transfers From Leasing Equipment
TransfersFromLeasingEquipment
-8421000 usd
ftai Transfers To Leasing Equipment
TransfersToLeasingEquipment
-98192000 usd
ftai Transfers To Leasing Equipment
TransfersToLeasingEquipment
73329000 usd
ftai Sale On And Issuance Of Promissory Notes
SaleOnAndIssuanceOfPromissoryNotes
37367000 usd
ftai Sale On And Issuance Of Promissory Notes
SaleOnAndIssuanceOfPromissoryNotes
12538000 usd
ftai Noncashor Part Noncash Acquisition Leasing Equipment Acquired
NoncashorPartNoncashAcquisitionLeasingEquipmentAcquired
17975000 usd
ftai Noncashor Part Noncash Acquisition Leasing Equipment Acquired
NoncashorPartNoncashAcquisitionLeasingEquipmentAcquired
3100000 usd
ftai Purchase Deposits Reclassified To Leasing Equipment
PurchaseDepositsReclassifiedToLeasingEquipment
12108000 usd
ftai Purchase Deposits Reclassified To Leasing Equipment
PurchaseDepositsReclassifiedToLeasingEquipment
6371000 usd
ftai Noncashor Part Noncash Acquisition Security Deposits Settledand Assumed
NoncashorPartNoncashAcquisitionSecurityDepositsSettledandAssumed
4077000 usd
ftai Noncashor Part Noncash Acquisition Security Deposits Settledand Assumed
NoncashorPartNoncashAcquisitionSecurityDepositsSettledandAssumed
2406000 usd
ftai Noncash Or Part Noncash Acquisition Maintenance Deposits Billed And Assumed
NoncashOrPartNoncashAcquisitionMaintenanceDepositsBilledAndAssumed
24536000 usd
ftai Noncash Or Part Noncash Acquisition Maintenance Deposits Billed And Assumed
NoncashOrPartNoncashAcquisitionMaintenanceDepositsBilledAndAssumed
11532000 usd
us-gaap Number Of Reportable Segments
NumberOfReportableSegments
2 segment
CY2024Q2 ftai Internalization Agreement Cash Consideration
InternalizationAgreementCashConsideration
150000000 usd
CY2024Q2 ftai Internalization Agreement Share Consideration
InternalizationAgreementShareConsideration
1866949 shares
CY2024Q2 ftai Payment To Purchase Partnership Interest Internalization Agreement
PaymentToPurchasePartnershipInterestInternalizationAgreement
30000 usd
CY2024Q2 ftai Transition Services Agreement Service Fee Markup Percent
TransitionServicesAgreementServiceFeeMarkupPercent
0.10
CY2024Q2 ftai Termination Threshold Maximum Number Of Days Of Material Breach Without A Cure
TerminationThresholdMaximumNumberOfDaysOfMaterialBreachWithoutACure
P30D
CY2024Q2 ftai Termination Threshold Maximum Number Of Days Of Outstanding Payment
TerminationThresholdMaximumNumberOfDaysOfOutstandingPayment
P30D
us-gaap Use Of Estimates
UseOfEstimates
<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%">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></div>
us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<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%">Reclassifications</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%">Certain amounts from prior periods in the Company’s consolidated financial statements have been reclassified to align with the presentation in the current period.</span></div>
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 19%</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;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%">and 13% of our revenue from one customer in the Aerospace Products segment during the three and six months ended June 30, 2024. We earn</span><span style="background-color:#ffffff;color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:120%">ed 10% and 11% o</span><span style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:120%">f our revenue from one customer in the Aviation Leasing segment during the three and six months ended June 30, 2023, respectively.</span></div><div style="margin-top:6pt;text-align:justify"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:120%">As of June 30, 2024, there was one customer in the Aerospace Products segment that represented 11% of total accounts receivable, net. As of December 31, 2023, no single customer accounted for greater than 10% 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 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>
CY2024Q2 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
72200000 usd
CY2023Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
72200000 usd
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
100000 usd
CY2023Q2 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
600000 usd
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
1000000 usd
CY2024Q2 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
3300000 usd
CY2023Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
3400000 usd
CY2024Q2 ftai Other Assets Finance Leases Net
OtherAssetsFinanceLeasesNet
1400000 usd
CY2023Q4 ftai Other Assets Finance Leases Net
OtherAssetsFinanceLeasesNet
3000000.0 usd
CY2023Q4 us-gaap Prepaid Expense Current And Noncurrent
PrepaidExpenseCurrentAndNoncurrent
7800000 usd
CY2024Q2 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.30
us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.30
us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.60
CY2024Q2 us-gaap Asset Impairment Charges
AssetImpairmentCharges
0.0 usd
us-gaap Asset Impairment Charges
AssetImpairmentCharges
1000000.0 usd
CY2023Q2 us-gaap Asset Impairment Charges
AssetImpairmentCharges
0.0 usd
us-gaap Asset Impairment Charges
AssetImpairmentCharges
1200000 usd
CY2024Q2 us-gaap Equity Method Investments
EquityMethodInvestments
19886000 usd
CY2023Q4 us-gaap Equity Method Investments
EquityMethodInvestments
22722000 usd
CY2024Q2 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
-694000 usd
CY2023Q2 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
-380000 usd
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
-1361000 usd
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
-1715000 usd
CY2024Q2 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
42138000 usd
CY2023Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
50590000 usd
CY2024Q2 us-gaap Below Market Lease Gross
BelowMarketLeaseGross
3209000 usd
CY2023Q4 us-gaap Below Market Lease Gross
BelowMarketLeaseGross
3151000 usd
CY2024Q2 us-gaap Below Market Lease Accumulated Amortization
BelowMarketLeaseAccumulatedAmortization
871000 usd
CY2023Q4 us-gaap Below Market Lease Accumulated Amortization
BelowMarketLeaseAccumulatedAmortization
1389000 usd
CY2024Q2 us-gaap Below Market Lease Net
BelowMarketLeaseNet
2338000 usd
CY2023Q4 us-gaap Below Market Lease Net
BelowMarketLeaseNet
1762000 usd
CY2024Q2 ftai Amortizationof Intangible Assetsand Liabilities Net
AmortizationofIntangibleAssetsandLiabilitiesNet
3881000 usd
CY2023Q2 ftai Amortizationof Intangible Assetsand Liabilities Net
AmortizationofIntangibleAssetsandLiabilitiesNet
3616000 usd
ftai Amortizationof Intangible Assetsand Liabilities Net
AmortizationofIntangibleAssetsandLiabilitiesNet
7974000 usd
ftai Amortizationof Intangible Assetsand Liabilities Net
AmortizationofIntangibleAssetsandLiabilitiesNet
7599000 usd
CY2024Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year
FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear
7603000 usd
CY2024Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
12767000 usd
CY2024Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
9331000 usd
CY2024Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
4348000 usd
CY2024Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
3759000 usd
CY2024Q2 ftai Finite Lived Intangible Asset Expected Amortization After Year Four
FiniteLivedIntangibleAssetExpectedAmortizationAfterYearFour
1992000 usd
CY2024Q2 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
39800000 usd
CY2024Q2 ftai Long Term Debt Gross Of Debt Issuance Costs
LongTermDebtGrossOfDebtIssuanceCosts
3129358000 usd
CY2023Q4 ftai Long Term Debt Gross Of Debt Issuance Costs
LongTermDebtGrossOfDebtIssuanceCosts
2550493000 usd
CY2024Q2 us-gaap Unamortized Debt Issuance Expense
UnamortizedDebtIssuanceExpense
51762000 usd
CY2023Q4 us-gaap Unamortized Debt Issuance Expense
UnamortizedDebtIssuanceExpense
33150000 usd
CY2024Q2 us-gaap Long Term Debt
LongTermDebt
3077596000 usd
CY2023Q4 us-gaap Long Term Debt
LongTermDebt
2517343000 usd
CY2024Q2 us-gaap Long Term Debt Current
LongTermDebtCurrent
0 usd
CY2023Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
0 usd
CY2024Q2 us-gaap Guarantees Fair Value Disclosure
GuaranteesFairValueDisclosure
7800000 usd
CY2023Q4 us-gaap Guarantees Fair Value Disclosure
GuaranteesFairValueDisclosure
6800000 usd
ftai Number Of Air Crafts Sold
NumberOfAirCraftsSold
7 aircraft
CY2024Q2 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
638000 usd
CY2023Q2 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
510000 usd
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
1148000 usd
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
618000 usd
CY2024Q2 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
19045000 usd
CY2024Q2 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
884000 usd
CY2023Q2 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
-92000 usd
us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
1184000 usd
us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
-45000 usd
CY2024Q2 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
-289000 usd
CY2023Q2 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
-32000 usd
us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
289000 usd
us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
-19000 usd
CY2024Q2 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
1238000 usd
CY2023Q2 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
420000 usd
us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
2262000 usd
us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
754000 usd
CY2024Q2 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
543000 usd
CY2023Q2 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
590000 usd
us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
1311000 usd
us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
823000 usd
CY2024Q2 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
625000 usd
CY2023Q2 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
54000 usd
us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
267000 usd
us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
498000 usd
CY2024Q2 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-14271000 usd
CY2023Q2 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
1435000 usd
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-9723000 usd
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
3127000 usd
CY2024Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-13033000 usd
CY2023Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
1855000 usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-7461000 usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
3881000 usd
CY2024Q2 ftai Payment To Purchase Partnership Interest Internalization Agreement
PaymentToPurchasePartnershipInterestInternalizationAgreement
30000 usd
CY2024Q2 ftai Transition Services Agreement Service Fee Markup Percent
TransitionServicesAgreementServiceFeeMarkupPercent
0.10
CY2024Q2 ftai Termination Threshold Maximum Number Of Days Of Material Breach Without A Cure
TerminationThresholdMaximumNumberOfDaysOfMaterialBreachWithoutACure
P30D
CY2024Q2 ftai Termination Threshold Maximum Number Of Days Of Outstanding Payment
TerminationThresholdMaximumNumberOfDaysOfOutstandingPayment
P30D
us-gaap Number Of Reportable Segments
NumberOfReportableSegments
2 segment
CY2024Q2 us-gaap Revenues
Revenues
443594000 usd
CY2024Q2 us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
205857000 usd
CY2024Q2 us-gaap Operating Costs And Expenses
OperatingCostsAndExpenses
29099000 usd
CY2024Q2 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
2969000 usd
CY2024Q2 us-gaap Business Combination Acquisition Related Costs
BusinessCombinationAcquisitionRelatedCosts
8019000 usd
CY2024Q2 us-gaap Other Expenses
OtherExpenses
3554000 usd
CY2024Q2 ftai Internalization Fee To Affiliate
InternalizationFeeToAffiliate
300000000 usd
CY2024Q2 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
56691000 usd
CY2024Q2 us-gaap Asset Impairment Charges
AssetImpairmentCharges
0 usd
CY2024Q2 us-gaap Interest Expense
InterestExpense
55196000 usd
CY2024Q2 us-gaap Costs And Expenses
CostsAndExpenses
661385000 usd
CY2024Q2 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
-694000 usd
CY2024Q2 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-13920000 usd
CY2024Q2 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-498000 usd
CY2024Q2 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
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CY2024Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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