$FTAI
FTAI Aviation Ltd.

2024 Q4 Form 10-Q Financial Statement

#000159036424000021 Filed on November 12, 2024

View on sec.gov

Income Statement

Concept 2024 Q4 2024 Q3
Revenue $465.8M
YoY Change 60.01%
Cost Of Revenue $219.5M
YoY Change 88.07%
Gross Profit $246.3M
YoY Change 41.23%
Gross Profit Margin 52.88%
Selling, General & Admin $4.045M
YoY Change 34.16%
% of Gross Profit 1.64%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $56.78M
YoY Change 29.15%
% of Gross Profit 23.05%
Operating Expenses $87.68M
YoY Change 8.43%
Operating Profit $158.6M
YoY Change 69.6%
Interest Expense -$58.38M
YoY Change -245.27%
% of Operating Profit -36.8%
Other Income/Expense, Net $2.909M
YoY Change 473.77%
Pretax Income $93.81M
YoY Change 108.42%
Income Tax $7.331M
% Of Pretax Income 7.81%
Net Earnings $78.15M
YoY Change 89.19%
Net Earnings / Revenue 16.78%
Basic Earnings Per Share $0.76
Diluted Earnings Per Share $0.76
COMMON SHARES
Basic Shares Outstanding 102.5M shares 102.2M shares
Diluted Shares Outstanding 103.4M shares

Balance Sheet

Concept 2024 Q4 2024 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $111.9M
YoY Change 111.59%
Cash & Equivalents $111.9M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory $491.0M
Prepaid Expenses
Receivables $166.3M
Other Receivables $0.00
Total Short-Term Assets $769.2M
YoY Change 76.62%
LONG-TERM ASSETS
Property, Plant & Equipment $2.170B
YoY Change 16028.6%
Goodwill $31.53M
YoY Change
Intangibles $38.00M
YoY Change -8.37%
Long-Term Investments $19.45M
YoY Change -51.22%
Other Assets $119.2M
YoY Change 4009.03%
Total Long-Term Assets $2.970B
YoY Change 35.09%
TOTAL ASSETS
Total Short-Term Assets $769.2M
Total Long-Term Assets $2.970B
Total Assets $3.739B
YoY Change 41.96%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $196.7M
YoY Change 81.12%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00
YoY Change
Long-Term Debt Due $0.00
YoY Change
Total Short-Term Liabilities $239.5M
YoY Change 61.32%
LONG-TERM LIABILITIES
Long-Term Debt $3.218B
YoY Change 41.2%
Other Long-Term Liabilities $162.5M
YoY Change 46.52%
Total Long-Term Liabilities $3.381B
YoY Change 41.44%
TOTAL LIABILITIES
Total Short-Term Liabilities $239.5M
Total Long-Term Liabilities $3.381B
Total Liabilities $3.620B
YoY Change 42.61%
SHAREHOLDERS EQUITY
Retained Earnings -$175.6M
YoY Change -12.29%
Common Stock $1.025M
YoY Change 2.3%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $118.5M
YoY Change
Total Liabilities & Shareholders Equity $3.739B
YoY Change 41.96%

Cashflow Statement

Concept 2024 Q4 2024 Q3
OPERATING ACTIVITIES
Net Income $78.15M
YoY Change 89.19%
Depreciation, Depletion And Amortization $56.78M
YoY Change 29.15%
Cash From Operating Activities $41.48M
YoY Change -16.31%
INVESTING ACTIVITIES
Capital Expenditures $244.7M
YoY Change 33.7%
Acquisitions
YoY Change
Other Investing Activities $21.39M
YoY Change -77.21%
Cash From Investing Activities -$223.3M
YoY Change 150.13%
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
YoY Change 73.95%
NET CHANGE
Cash From Operating Activities 41.48M
Cash From Investing Activities -223.3M
Cash From Financing Activities 124.3M
Net Change In Cash -57.60M
YoY Change -281.61%
FREE CASH FLOW
Cash From Operating Activities $41.48M
Capital Expenditures $244.7M
Free Cash Flow -$203.3M
YoY Change 52.27%

Facts In Submission

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us-gaap Asset Impairment Charges
AssetImpairmentCharges
1220000 usd
CY2024Q3 us-gaap Costs And Expenses
CostsAndExpenses
316515000 usd
us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
1148000 usd
CY2024Q3 us-gaap Profit Loss
ProfitLoss
86482000 usd
CY2024Q3 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
49000 usd
CY2024Q3 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
1430000 usd
CY2022Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
19402000 usd
us-gaap Profit Loss
ProfitLoss
84150000 usd
us-gaap Stock And Warrants Issued During Period Value Preferred Stock And Warrants
StockAndWarrantsIssuedDuringPeriodValuePreferredStockAndWarrants
61729000 usd
CY2023Q3 us-gaap Profit Loss
ProfitLoss
41307000 usd
CY2023Q3 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
41307000 usd
CY2023Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
95062000 usd
us-gaap Profit Loss
ProfitLoss
-93766000 usd
us-gaap Profit Loss
ProfitLoss
125457000 usd
us-gaap Income Loss From Equity Method Investments Net Of Dividends Or Distributions
IncomeLossFromEquityMethodInvestmentsNetOfDividendsOrDistributions
-1799000 usd
us-gaap Income Loss From Equity Method Investments Net Of Dividends Or Distributions
IncomeLossFromEquityMethodInvestmentsNetOfDividendsOrDistributions
-1669000 usd
us-gaap Gain Loss On Disposition Of Assets
GainLossOnDispositionOfAssets
244353000 usd
us-gaap Gain Loss On Disposition Of Assets
GainLossOnDispositionOfAssets
110511000 usd
ftai Security Deposits And Maintenance Claims
SecurityDepositsAndMaintenanceClaims
13437000 usd
ftai Security Deposits And Maintenance Claims
SecurityDepositsAndMaintenanceClaims
34458000 usd
us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-13920000 usd
us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
0 usd
us-gaap Share Based Compensation
ShareBasedCompensation
2578000 usd
us-gaap Share Based Compensation
ShareBasedCompensation
1128000 usd
us-gaap Gain Loss On Contract Termination
GainLossOnContractTermination
-150000000 usd
us-gaap Gain Loss On Contract Termination
GainLossOnContractTermination
0 usd
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
163386000 usd
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
123399000 usd
us-gaap Asset Impairment Charges
AssetImpairmentCharges
962000 usd
us-gaap Asset Impairment Charges
AssetImpairmentCharges
1220000 usd
us-gaap Deferred Income Taxes And Tax Credits
DeferredIncomeTaxesAndTaxCredits
-2470000 usd
us-gaap Deferred Income Taxes And Tax Credits
DeferredIncomeTaxesAndTaxCredits
5974000 usd
ftai Fair Value Adjustment Of Guarantees
FairValueAdjustmentOfGuarantees
-1340000 usd
ftai Fair Value Adjustment Of Guarantees
FairValueAdjustmentOfGuarantees
1677000 usd
ftai Amortizationof Lease Intangiblesand Incentives
AmortizationofLeaseIntangiblesandIncentives
30998000 usd
ftai Amortizationof Lease Intangiblesand Incentives
AmortizationofLeaseIntangiblesandIncentives
33685000 usd
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
7996000 usd
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
6429000 usd
us-gaap Provision For Loan Lease And Other Losses
ProvisionForLoanLeaseAndOtherLosses
2784000 usd
us-gaap Provision For Loan Lease And Other Losses
ProvisionForLoanLeaseAndOtherLosses
6583000 usd
us-gaap Other Operating Activities Cash Flow Statement
OtherOperatingActivitiesCashFlowStatement
-158000 usd
us-gaap Other Operating Activities Cash Flow Statement
OtherOperatingActivitiesCashFlowStatement
-995000 usd
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
31234000 usd
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
34358000 usd
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
163900000 usd
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
4845000 usd
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
16769000 usd
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
3727000 usd
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
50630000 usd
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
321000 usd
us-gaap Increase Decrease In Due To Related Parties
IncreaseDecreaseInDueToRelatedParties
-3967000 usd
us-gaap Increase Decrease In Due To Related Parties
IncreaseDecreaseInDueToRelatedParties
824000 usd
us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
-2492000 usd
us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
648000 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-146153000 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
116766000 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
1872000 usd
us-gaap Proceeds From Collection Of Lease Receivables
ProceedsFromCollectionOfLeaseReceivables
3624000 usd
us-gaap Proceeds From Collection Of Notes Receivable
ProceedsFromCollectionOfNotesReceivable
3874000 usd
us-gaap Proceeds From Collection Of Notes Receivable
ProceedsFromCollectionOfNotesReceivable
2438000 usd
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
143634000 usd
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
0 usd
us-gaap Payments To Acquire Equipment On Lease
PaymentsToAcquireEquipmentOnLease
622366000 usd
us-gaap Payments To Acquire Equipment On Lease
PaymentsToAcquireEquipmentOnLease
506923000 usd
us-gaap Payments To Acquire Finance Receivables
PaymentsToAcquireFinanceReceivables
63857000 usd
us-gaap Payments To Acquire Finance Receivables
PaymentsToAcquireFinanceReceivables
0 usd
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
2968000 usd
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
3906000 usd
ftai Acquisitionof Lease Intangibles Net
AcquisitionofLeaseIntangiblesNet
1174000 usd
ftai Acquisitionof Lease Intangibles Net
AcquisitionofLeaseIntangiblesNet
-10474000 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
162708000 usd
ftai Paymentsfor Depositson Leasing Equipment
PaymentsforDepositsonLeasingEquipment
10533000 usd
us-gaap Proceeds From Sale Of Productive Assets
ProceedsFromSaleOfProductiveAssets
542938000 usd
us-gaap Proceeds From Sale Of Productive Assets
ProceedsFromSaleOfProductiveAssets
366065000 usd
ftai Proceeds From Deposit On Sale Of Aircraft And Engine
ProceedsFromDepositOnSaleOfAircraftAndEngine
2414000 usd
ftai Proceeds From Deposit On Sale Of Aircraft And Engine
ProceedsFromDepositOnSaleOfAircraftAndEngine
-683000 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
300000 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-442731000 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-191092000 usd
us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
2069250000 usd
us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
430000000 usd
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
1367304000 usd
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
330000000 usd
us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
10825000 usd
us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
1805000 usd
ftai Increasein Security Deposits
IncreaseinSecurityDeposits
6120000 usd
ftai Increasein Security Deposits
IncreaseinSecurityDeposits
7355000 usd
ftai Decreasein Security Deposits
DecreaseinSecurityDeposits
0 usd
ftai Decreasein Security Deposits
DecreaseinSecurityDeposits
2385000 usd
ftai Increasein Maintenance Deposits
IncreaseinMaintenanceDeposits
35583000 usd
ftai Increasein Maintenance Deposits
IncreaseinMaintenanceDeposits
22747000 usd
ftai Decreasein Maintenance Deposits
DecreaseinMaintenanceDeposits
6460000 usd
ftai Decreasein Maintenance Deposits
DecreaseinMaintenanceDeposits
275000 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
90809000 usd
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
89776000 usd
us-gaap Payments Of Dividends Preferred Stock And Preference Stock
PaymentsOfDividendsPreferredStockAndPreferenceStock
25005000 usd
us-gaap Payments Of Dividends Preferred Stock And Preference Stock
PaymentsOfDividendsPreferredStockAndPreferenceStock
23460000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
610016000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
74140000 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
21132000 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-186000 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
CY2024Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
112038000 usd
CY2023Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
52879000 usd
us-gaap Notes Issued1
NotesIssued1
69826000 usd
us-gaap Notes Issued1
NotesIssued1
27634000 usd
ftai Noncashor Part Noncash Acquisition Leasing Equipment Acquired
NoncashorPartNoncashAcquisitionLeasingEquipmentAcquired
11772000 usd
ftai Noncashor Part Noncash Acquisition Leasing Equipment Acquired
NoncashorPartNoncashAcquisitionLeasingEquipmentAcquired
8825000 usd
ftai Purchase Deposits Reclassified To Leasing Equipment
PurchaseDepositsReclassifiedToLeasingEquipment
19608000 usd
ftai Purchase Deposits Reclassified To Leasing Equipment
PurchaseDepositsReclassifiedToLeasingEquipment
6371000 usd
ftai Noncashor Part Noncash Acquisition Security Deposits Settledand Assumed
NoncashorPartNoncashAcquisitionSecurityDepositsSettledandAssumed
4365000 usd
ftai Noncashor Part Noncash Acquisition Security Deposits Settledand Assumed
NoncashorPartNoncashAcquisitionSecurityDepositsSettledandAssumed
2851000 usd
ftai Noncash Or Part Noncash Acquisition Maintenance Deposits Billed And Assumed
NoncashOrPartNoncashAcquisitionMaintenanceDepositsBilledAndAssumed
38795000 usd
ftai Noncash Or Part Noncash Acquisition Maintenance Deposits Billed And Assumed
NoncashOrPartNoncashAcquisitionMaintenanceDepositsBilledAndAssumed
38754000 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. No single customer accounted for greater than 10% of total revenue during the three and nine months ended September 30, 2024 and September 30, 2023.</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, 2024 and 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>
CY2024Q3 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
74900000 usd
CY2023Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
72200000 usd
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
2700000 usd
CY2024Q3 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
2700000 usd
CY2023Q3 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
5600000 usd
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
6600000 usd
CY2024Q3 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
12200000 usd
CY2023Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
3400000 usd
CY2024Q3 ftai Other Assets Finance Leases Net
OtherAssetsFinanceLeasesNet
900000 usd
CY2023Q4 ftai Other Assets Finance Leases Net
OtherAssetsFinanceLeasesNet
3000000.0 usd
CY2024Q3 us-gaap Notes Receivable Net
NotesReceivableNet
63900000 usd
CY2023Q4 us-gaap Notes Receivable Net
NotesReceivableNet
0.0 usd
CY2024Q3 us-gaap Prepaid Expense Current And Noncurrent
PrepaidExpenseCurrentAndNoncurrent
132500000 usd
CY2023Q4 us-gaap Prepaid Expense Current And Noncurrent
PrepaidExpenseCurrentAndNoncurrent
7800000 usd
CY2024Q3 ftai Number Of Vessels Committed To Sell
NumberOfVesselsCommittedToSell
2 vessel
CY2024Q3 us-gaap Assets Held For Sale Not Part Of Disposal Group
AssetsHeldForSaleNotPartOfDisposalGroup
119000000.0 usd
us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.30
CY2023Q3 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.90
us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.90
ftai Cost Of Modules And Parts Sold From Engines Leasing Equipment
CostOfModulesAndPartsSoldFromEnginesLeasingEquipment
33663000 usd
ftai Cost Of Modules And Parts Sold From Engines Leasing Equipment
CostOfModulesAndPartsSoldFromEnginesLeasingEquipment
30045000 usd
ftai Transfers From Leasing Equipment
TransfersFromLeasingEquipment
143678000 usd
ftai Transfers From Leasing Equipment
TransfersFromLeasingEquipment
147285000 usd
ftai Transfers To Leasing Equipment
TransfersToLeasingEquipment
159876000 usd
ftai Transfers To Leasing Equipment
TransfersToLeasingEquipment
53533000 usd
ftai Net Cash Used In Operating Activities Related To Manufacturing Modules And Parts
NetCashUsedInOperatingActivitiesRelatedToManufacturingModulesAndParts
270679000 usd
ftai Net Cash Used In Operating Activities Related To Manufacturing Modules And Parts
NetCashUsedInOperatingActivitiesRelatedToManufacturingModulesAndParts
81109000 usd
ftai Net Cash Provided By Operating Activities Related Assets Sold Sourced From Leasing Equipment
NetCashProvidedByOperatingActivitiesRelatedAssetsSoldSourcedFromLeasingEquipment
56670000 usd
ftai Net Cash Provided By Operating Activities Related Assets Sold Sourced From Leasing Equipment
NetCashProvidedByOperatingActivitiesRelatedAssetsSoldSourcedFromLeasingEquipment
59115000 usd
CY2024Q3 ftai Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Off Market Lease Favorable
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedOffMarketLeaseFavorable
2340000 usd
us-gaap Asset Impairment Charges
AssetImpairmentCharges
1000000.0 usd
us-gaap Asset Impairment Charges
AssetImpairmentCharges
1200000 usd
CY2024Q3 us-gaap Equity Method Investments
EquityMethodInvestments
19448000 usd
CY2023Q4 us-gaap Equity Method Investments
EquityMethodInvestments
22722000 usd
CY2024Q3 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
-438000 usd
CY2023Q3 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
46000 usd
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
-1799000 usd
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
-1669000 usd
CY2024Q3 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
38001000 usd
CY2023Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
50590000 usd
CY2024Q3 us-gaap Below Market Lease Gross
BelowMarketLeaseGross
3085000 usd
CY2023Q4 us-gaap Below Market Lease Gross
BelowMarketLeaseGross
3151000 usd
CY2024Q3 us-gaap Below Market Lease Accumulated Amortization
BelowMarketLeaseAccumulatedAmortization
1040000 usd
CY2023Q4 us-gaap Below Market Lease Accumulated Amortization
BelowMarketLeaseAccumulatedAmortization
1389000 usd
CY2024Q3 us-gaap Below Market Lease Net
BelowMarketLeaseNet
2045000 usd
CY2023Q4 us-gaap Below Market Lease Net
BelowMarketLeaseNet
1762000 usd
CY2024Q3 ftai Amortizationof Intangible Assetsand Liabilities Net
AmortizationofIntangibleAssetsandLiabilitiesNet
3815000 usd
CY2023Q3 ftai Amortizationof Intangible Assetsand Liabilities Net
AmortizationofIntangibleAssetsandLiabilitiesNet
3726000 usd
ftai Amortizationof Intangible Assetsand Liabilities Net
AmortizationofIntangibleAssetsandLiabilitiesNet
11789000 usd
ftai Amortizationof Intangible Assetsand Liabilities Net
AmortizationofIntangibleAssetsandLiabilitiesNet
11325000 usd
CY2024Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year
FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear
3849000 usd
CY2024Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
12652000 usd
CY2024Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
9356000 usd
CY2024Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
4348000 usd
CY2024Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
3759000 usd
CY2024Q3 ftai Finite Lived Intangible Asset Expected Amortization After Year Four
FiniteLivedIntangibleAssetExpectedAmortizationAfterYearFour
1992000 usd
CY2024Q3 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
35956000 usd
CY2024Q3 ftai Long Term Debt Gross Of Debt Issuance Costs
LongTermDebtGrossOfDebtIssuanceCosts
3278951000 usd
CY2023Q4 ftai Long Term Debt Gross Of Debt Issuance Costs
LongTermDebtGrossOfDebtIssuanceCosts
2550493000 usd
CY2024Q3 us-gaap Unamortized Debt Issuance Expense
UnamortizedDebtIssuanceExpense
60608000 usd
CY2023Q4 us-gaap Unamortized Debt Issuance Expense
UnamortizedDebtIssuanceExpense
33150000 usd
CY2024Q3 us-gaap Long Term Debt
LongTermDebt
3218343000 usd
CY2023Q4 us-gaap Long Term Debt
LongTermDebt
2517343000 usd
CY2024Q3 us-gaap Long Term Debt Current
LongTermDebtCurrent
0 usd
CY2023Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
0 usd
CY2024Q3 us-gaap Guarantees Fair Value Disclosure
GuaranteesFairValueDisclosure
8100000 usd
ftai Number Of Air Crafts Sold
NumberOfAirCraftsSold
7 aircraft
CY2024Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
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CY2023Q3 us-gaap Allocated Share Based Compensation Expense
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