$UP
Wheels Up Experience Inc. Stock $up

$up Overview Financials Valuation SEC Filings Company Website

2022 Q1 Form 10-Q Financial Statement

#000181951622000014 Filed on May 13, 2022

Income Statement

Concept	2022 Q1	2021 Q1
Revenue	$325.6M	$261.7M
YoY Change	24.45%
Cost Of Revenue	$332.8M	$234.5M
YoY Change	41.9%
Gross Profit	-$7.123M	$27.15M
YoY Change	-126.24%
Gross Profit Margin	-2.19%	10.38%
Selling, General & Admin	$62.15M	$33.96M
YoY Change	82.99%
% of Gross Profit		125.09%
Research & Development	$11.19M	$7.024M
YoY Change	59.33%
% of Gross Profit		25.87%
Depreciation & Amortization	$9.500M	$8.900M
YoY Change	6.74%
% of Gross Profit		32.78%
Operating Expenses	$73.34M	$40.99M
YoY Change	78.93%
Operating Profit	-$92.72M	-$27.67M
YoY Change	235.11%
Interest Expense	$0.00	$4.557M
YoY Change	-100.0%
% of Operating Profit
Other Income/Expense, Net	$3.678M	-$4.545M
YoY Change	-180.92%
Pretax Income	-$89.04M	-$32.21M
YoY Change	176.41%
Income Tax	$0.00	$0.00
% Of Pretax Income
Net Earnings	-$88.65M	-$29.41M
YoY Change	201.45%	-33.87%
Net Earnings / Revenue	-27.22%	-11.24%
Basic Earnings Per Share	-$0.36	-$0.17
Diluted Earnings Per Share	-$0.36	-$0.17
COMMON SHARES
Basic Shares Outstanding	244.6M shares	168.8M shares
Diluted Shares Outstanding	244.6M shares	168.8M shares

Balance Sheet

Concept	2022 Q1	2021 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments	$537.7M	$62.39K
YoY Change	861735.23%
Cash & Equivalents	$537.7M	$215.0M
Short-Term Investments
Other Short-Term Assets	$98.55M	$416.1K
YoY Change	23586.34%
Inventory	$9.686M
Prepaid Expenses
Receivables	$78.03M
Other Receivables	$8.914M
Total Short-Term Assets	$732.9M	$478.4K
YoY Change	153081.17%
LONG-TERM ASSETS
Property, Plant & Equipment	$380.2M
YoY Change
Goodwill	$449.6M	$37.24M
YoY Change	1107.3%
Intangibles	$141.7M
YoY Change
Long-Term Investments
YoY Change
Other Assets	$60.75M	$239.8M
YoY Change	-74.67%
Total Long-Term Assets	$1.152B	$239.8M
YoY Change	380.36%
TOTAL ASSETS
Total Short-Term Assets	$732.9M	$478.4K
Total Long-Term Assets	$1.152B	$239.8M
Total Assets	$1.885B	$240.3M
YoY Change	684.37%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$51.50M
YoY Change
Accrued Expenses	$102.3M	$4.239M
YoY Change	2313.86%
Deferred Revenue	$903.2M
YoY Change
Short-Term Debt	$0.00	$100.0K
YoY Change	-100.0%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities	$1.104B	$4.339M
YoY Change	25342.31%
LONG-TERM LIABILITIES
Long-Term Debt	$0.00	$0.00
YoY Change
Other Long-Term Liabilities	$30.00K	$26.17M
YoY Change	-99.89%
Total Long-Term Liabilities	$30.00K	$26.17M
YoY Change	-99.89%
TOTAL LIABILITIES
Total Short-Term Liabilities	$1.104B	$4.339M
Total Long-Term Liabilities	$30.00K	$26.17M
Total Liabilities	$1.221B	$30.51M
YoY Change	3903.02%
SHAREHOLDERS EQUITY
Retained Earnings	-$809.4M
YoY Change
Common Stock	$25.00K
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)	$6.107M
YoY Change
Treasury Stock Shares	0.000 shares
Shareholders Equity	$660.8M	-$30.03M
YoY Change
Total Liabilities & Shareholders Equity	$1.885B	$240.3M
YoY Change	684.37%

Cashflow Statement

Concept	2022 Q1	2021 Q1
OPERATING ACTIVITIES
Net Income	-$88.65M	-$29.41M
YoY Change	201.45%	-33.87%
Depreciation, Depletion And Amortization	$9.500M	$8.900M
YoY Change	6.74%
Cash From Operating Activities	-$121.2M	-$84.72M
YoY Change	43.08%
INVESTING ACTIVITIES
Capital Expenditures	$66.34M	$2.273M
YoY Change	2818.74%
Acquisitions	$11.53M	-$7.844M
YoY Change	-246.99%
Other Investing Activities	$3.412M
YoY Change
Cash From Investing Activities	-$119.6M	$2.919M
YoY Change	-4195.65%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net	$6.107M	$0.00
YoY Change
Debt Paid & Issued, Net	$0.00	$12.45M
YoY Change	-100.0%
Cash From Financing Activities	-$6.107M	-$12.79M
YoY Change	-52.24%
NET CHANGE
Cash From Operating Activities	-$121.2M	-$84.72M
Cash From Investing Activities	-$119.6M	$2.919M
Cash From Financing Activities	-$6.107M	-$12.79M
Net Change In Cash	-$246.9M	-$94.59M
YoY Change	161.0%
FREE CASH FLOW
Cash From Operating Activities	-$121.2M	-$84.72M
Capital Expenditures	$66.34M	$2.273M
Free Cash Flow	-$187.6M	-$86.99M
YoY Change	115.6%

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value	Unit
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CY2022Q1	dei	Amendment Flag AmendmentFlag	false
CY2022Q1	dei	Document Fiscal Period Focus DocumentFiscalPeriodFocus	Q1
CY2022Q1	dei	Current Fiscal Year End Date CurrentFiscalYearEndDate	--12-31
CY2022Q1	dei	Document Fiscal Year Focus DocumentFiscalYearFocus	2022
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CY2022Q1	us-gaap	Revenue Remaining Performance Obligation Expected Timing Of Satisfaction Period1 RevenueRemainingPerformanceObligationExpectedTimingOfSatisfactionPeriod1	P2Y
CY2022Q1	us-gaap	Revenue Remaining Performance Obligation Expected Timing Of Satisfaction Period1 RevenueRemainingPerformanceObligationExpectedTimingOfSatisfactionPeriod1	P3Y
CY2022Q1	dei	Document Type DocumentType	10-Q
CY2022Q1	dei	Document Quarterly Report DocumentQuarterlyReport	true
CY2022Q1	dei	Document Period End Date DocumentPeriodEndDate	2022-03-31
CY2022Q1	dei	Document Transition Report DocumentTransitionReport	false
CY2022Q1	dei	Entity File Number EntityFileNumber	001-04321
CY2022Q1	dei	Entity Registrant Name EntityRegistrantName	WHEELS UP EXPERIENCE INC.
CY2022Q1	dei	Entity Incorporation State Country Code EntityIncorporationStateCountryCode	DE
CY2022Q1	dei	Entity Tax Identification Number EntityTaxIdentificationNumber	95-1557048
CY2022Q1	dei	Entity Address Address Line1 EntityAddressAddressLine1	601 West 26th Street
CY2022Q1	dei	Entity Address Address Line2 EntityAddressAddressLine2	Suite 900
CY2022Q1	dei	Entity Address City Or Town EntityAddressCityOrTown	New York
CY2022Q1	dei	Entity Address State Or Province EntityAddressStateOrProvince	NY
CY2022Q1	dei	Entity Address Postal Zip Code EntityAddressPostalZipCode	10001
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CY2022Q1	us-gaap	Accounts Receivable Net Current AccountsReceivableNetCurrent	78034000	USD
CY2022Q1	us-gaap	Assets Held For Sale Not Part Of Disposal Group AssetsHeldForSaleNotPartOfDisposalGroup	56203000	USD
CY2021Q4	us-gaap	Assets Held For Sale Not Part Of Disposal Group AssetsHeldForSaleNotPartOfDisposalGroup	18101000	USD
CY2022Q1	dei	City Area Code CityAreaCode	212
CY2022Q1	dei	Local Phone Number LocalPhoneNumber	257-5252
CY2022Q1	dei	Entity Current Reporting Status EntityCurrentReportingStatus	Yes
CY2022Q1	dei	Entity Interactive Data Current EntityInteractiveDataCurrent	Yes
CY2022Q1	dei	Entity Filer Category EntityFilerCategory	Non-accelerated Filer
CY2022Q1	dei	Entity Small Business EntitySmallBusiness	true
CY2022Q1	dei	Entity Emerging Growth Company EntityEmergingGrowthCompany	false
CY2022Q1	dei	Entity Shell Company EntityShellCompany	false
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CY2022Q1	us-gaap	Increase Decrease In Other Receivables IncreaseDecreaseInOtherReceivables	853000	USD
CY2021Q1	us-gaap	Increase Decrease In Other Receivables IncreaseDecreaseInOtherReceivables	6078000	USD
CY2022Q1	us-gaap	Increase Decrease In Inventories IncreaseDecreaseInInventories	277000	USD
CY2021Q1	us-gaap	Increase Decrease In Inventories IncreaseDecreaseInInventories	1247000	USD
CY2022Q1	us-gaap	Increase Decrease In Prepaid Deferred Expense And Other Assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets	8747000	USD
CY2021Q1	us-gaap	Increase Decrease In Prepaid Deferred Expense And Other Assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets	2183000	USD
CY2022Q1	us-gaap	Increase Decrease In Other Noncurrent Assets IncreaseDecreaseInOtherNoncurrentAssets	25688000	USD
CY2021Q1	us-gaap	Increase Decrease In Other Noncurrent Assets IncreaseDecreaseInOtherNoncurrentAssets	-22000	USD
CY2022Q1	us-gaap	Increase Decrease In Operating Lease Liability IncreaseDecreaseInOperatingLeaseLiability	-161000	USD
CY2021Q1	us-gaap	Increase Decrease In Operating Lease Liability IncreaseDecreaseInOperatingLeaseLiability	-302000	USD
CY2022Q1	us-gaap	Increase Decrease In Accounts Payable IncreaseDecreaseInAccountsPayable	7599000	USD
CY2021Q1	us-gaap	Increase Decrease In Accounts Payable IncreaseDecreaseInAccountsPayable	13679000	USD
CY2022Q1	us-gaap	Increase Decrease In Accrued Liabilities IncreaseDecreaseInAccruedLiabilities	-6648000	USD
CY2021Q1	us-gaap	Increase Decrease In Accrued Liabilities IncreaseDecreaseInAccruedLiabilities	-11980000	USD
CY2022Q1	us-gaap	Increase Decrease In Other Current Liabilities IncreaseDecreaseInOtherCurrentLiabilities	-879000	USD
CY2021Q1	us-gaap	Increase Decrease In Other Current Liabilities IncreaseDecreaseInOtherCurrentLiabilities	-24000	USD
CY2022Q1	us-gaap	Increase Decrease In Other Noncurrent Liabilities IncreaseDecreaseInOtherNoncurrentLiabilities	0	USD
CY2021Q1	us-gaap	Increase Decrease In Other Noncurrent Liabilities IncreaseDecreaseInOtherNoncurrentLiabilities	107000	USD
CY2022Q1	us-gaap	Increase Decrease In Contract With Customer Liability IncreaseDecreaseInContractWithCustomerLiability	-30406000	USD
CY2021Q1	us-gaap	Increase Decrease In Contract With Customer Liability IncreaseDecreaseInContractWithCustomerLiability	-65719000	USD
CY2022Q1	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	-121216000	USD
CY2021Q1	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	-84720000	USD
CY2022Q1	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	66343000	USD
CY2021Q1	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	2273000	USD
CY2022Q1	up	Payments To Acquire Aircraft Held For Sale PaymentsToAcquireAircraftHeldForSale	51073000	USD
CY2021Q1	up	Payments To Acquire Aircraft Held For Sale PaymentsToAcquireAircraftHeldForSale	0	USD
CY2022Q1	us-gaap	Proceeds From Sale Of Flight Equipment ProceedsFromSaleOfFlightEquipment	14942000	USD
CY2021Q1	us-gaap	Proceeds From Sale Of Flight Equipment ProceedsFromSaleOfFlightEquipment	0	USD
CY2022Q1	us-gaap	Payments To Acquire Businesses Net Of Cash Acquired PaymentsToAcquireBusinessesNetOfCashAcquired	11530000	USD
CY2021Q1	us-gaap	Payments To Acquire Businesses Net Of Cash Acquired PaymentsToAcquireBusinessesNetOfCashAcquired	-7844000	USD
CY2022Q1	us-gaap	Payments To Develop Software PaymentsToDevelopSoftware	5548000	USD
CY2021Q1	us-gaap	Payments To Develop Software PaymentsToDevelopSoftware	2652000	USD
CY2022Q1	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-119552000	USD
CY2021Q1	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	2919000	USD
CY2022Q1	us-gaap	Payments For Repurchase Of Common Stock PaymentsForRepurchaseOfCommonStock	6107000	USD
CY2021Q1	us-gaap	Payments For Repurchase Of Common Stock PaymentsForRepurchaseOfCommonStock	0	USD
CY2022Q1	us-gaap	Repayments Of Long Term Debt RepaymentsOfLongTermDebt	0	USD
CY2021Q1	us-gaap	Repayments Of Long Term Debt RepaymentsOfLongTermDebt	12445000	USD
CY2022Q1	us-gaap	Payments Of Stock Issuance Costs PaymentsOfStockIssuanceCosts	0	USD
CY2021Q1	us-gaap	Payments Of Stock Issuance Costs PaymentsOfStockIssuanceCosts	443000	USD
CY2022Q1	us-gaap	Proceeds From Related Party Debt ProceedsFromRelatedPartyDebt	0	USD
CY2021Q1	us-gaap	Proceeds From Related Party Debt ProceedsFromRelatedPartyDebt	102000	USD
CY2022Q1	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	-6107000	USD
CY2021Q1	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	-12786000	USD
CY2022Q1	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect	-246875000	USD
CY2021Q1	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect	-94587000	USD
CY2021Q4	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	786722000	USD
CY2020Q4	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	324876000	USD
CY2022Q1	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	539847000	USD
CY2021Q1	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	230289000	USD
CY2022Q1	us-gaap	Noncash Or Part Noncash Acquisition Net Nonmonetary Assets Acquired Liabilities Assumed1 NoncashOrPartNoncashAcquisitionNetNonmonetaryAssetsAcquiredLiabilitiesAssumed1	0	USD
CY2021Q1	us-gaap	Noncash Or Part Noncash Acquisition Net Nonmonetary Assets Acquired Liabilities Assumed1 NoncashOrPartNoncashAcquisitionNetNonmonetaryAssetsAcquiredLiabilitiesAssumed1	30172000	USD
CY2022Q1	us-gaap	Use Of Estimates UseOfEstimates	Use of EstimatesPreparing the condensed consolidated financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the condensed consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates due to risks and uncertainties, including uncertainty in the current economic environment due to COVID-19, and any evolutions thereof (“COVID-19”). The most significant estimates include, but are not limited to, the useful lives and residual values of purchased aircraft, the fair value of financial assets and liabilities, acquired intangible assets, goodwill, contingent consideration, and other assets and liabilities, sales and use tax, the estimated life of member relationships, the determination of the allowance for credit losses, impairment assessments, the determination of the valuation allowance for deferred tax assets and the incremental borrowing rate for leases.
CY2022Q1	us-gaap	Prior Period Reclassification Adjustment Description PriorPeriodReclassificationAdjustmentDescription	<div style="margin-bottom:9pt;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Reclassifications</span></div><div style="margin-bottom:9pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Certain reclassifications have been made to the prior years condensed consolidated financial statements to conform to the current year presentation.</span></div>
CY2021Q3	up	Share Based Payment Awards Converted Reverse Recapitalization ShareBasedPaymentAwardsConvertedReverseRecapitalization	29000000.0	shares
CY2021Q3	up	Recapitalization Exchange Ratio RecapitalizationExchangeRatio	0.4604
CY2021Q3	up	Proceeds From Reverse Recapitalization Transaction ProceedsFromReverseRecapitalizationTransaction	656300000	USD
CY2021Q3	up	Payments Of Reverse Recapitalization Transaction Costs PaymentsOfReverseRecapitalizationTransactionCosts	70400000	USD
CY2021Q3	us-gaap	Sale Of Stock Number Of Shares Issued In Transaction SaleOfStockNumberOfSharesIssuedInTransaction	55000000	shares
CY2021Q3	us-gaap	Sale Of Stock Price Per Share SaleOfStockPricePerShare	10.00
CY2021Q3	us-gaap	Sale Of Stock Consideration Received On Transaction SaleOfStockConsiderationReceivedOnTransaction	550000000	USD
CY2022Q1	us-gaap	Property Plant And Equipment Gross PropertyPlantAndEquipmentGross	608144000	USD
CY2021Q4	us-gaap	Property Plant And Equipment Gross PropertyPlantAndEquipmentGross	541052000	USD
CY2022Q1	us-gaap	Accumulated Depreciation Depletion And Amortization Property Plant And Equipment AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment	227919000	USD
CY2021Q4	us-gaap	Accumulated Depreciation Depletion And Amortization Property Plant And Equipment AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment	223216000	USD
CY2022Q1	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	380225000	USD
CY2021Q4	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	317836000	USD
CY2022Q1	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	9500000	USD
CY2021Q1	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	8900000	USD
CY2022Q1	us-gaap	Capitalized Computer Software Additions CapitalizedComputerSoftwareAdditions	5500000	USD
CY2022Q1	us-gaap	Revenue From Contract With Customer Including Assessed Tax RevenueFromContractWithCustomerIncludingAssessedTax	325635000	USD
CY2021Q1	us-gaap	Revenue From Contract With Customer Including Assessed Tax RevenueFromContractWithCustomerIncludingAssessedTax	261657000	USD
CY2021Q1	up	Revenue Discounts And Incentives RevenueDiscountsAndIncentives	3200000	USD
CY2022Q1	up	Revenue Discounts And Incentives RevenueDiscountsAndIncentives	3200000	USD
CY2022Q1	us-gaap	Contract With Customer Receivable Before Allowance For Credit Loss Current ContractWithCustomerReceivableBeforeAllowanceForCreditLossCurrent	71600000	USD
CY2021Q4	us-gaap	Contract With Customer Receivable Before Allowance For Credit Loss Current ContractWithCustomerReceivableBeforeAllowanceForCreditLossCurrent	71800000	USD
CY2022Q1	up	Contract With Customer Undeposited Funds ContractWithCustomerUndepositedFunds	11200000	USD
CY2021Q4	up	Contract With Customer Undeposited Funds ContractWithCustomerUndepositedFunds	13500000	USD
CY2022Q1	us-gaap	Contract With Customer Receivable Allowance For Credit Loss Current ContractWithCustomerReceivableAllowanceForCreditLossCurrent	4800000	USD
CY2021Q4	us-gaap	Contract With Customer Receivable Allowance For Credit Loss Current ContractWithCustomerReceivableAllowanceForCreditLossCurrent	5900000	USD
CY2022Q1	us-gaap	Contract With Customer Liability ContractWithCustomerLiability	905079000	USD
CY2021Q4	us-gaap	Contract With Customer Liability ContractWithCustomerLiability	935484000	USD
CY2022Q1	us-gaap	Contract With Customer Liability Current ContractWithCustomerLiabilityCurrent	903245000	USD
CY2021Q4	us-gaap	Contract With Customer Liability Current ContractWithCustomerLiabilityCurrent	933527000	USD
CY2022Q1	us-gaap	Contract With Customer Liability Noncurrent ContractWithCustomerLiabilityNoncurrent	1834000	USD
CY2021Q4	us-gaap	Contract With Customer Liability Noncurrent ContractWithCustomerLiabilityNoncurrent	1957000	USD
CY2021Q4	us-gaap	Contract With Customer Liability ContractWithCustomerLiability	935484000	USD
CY2022Q1	up	Contract With Customer Liability Deferred During Current Period ContractWithCustomerLiabilityDeferredDuringCurrentPeriod	230653000	USD
CY2022Q1	us-gaap	Contract With Customer Liability Revenue Recognized ContractWithCustomerLiabilityRevenueRecognized	206728000	USD
CY2022Q1	up	Contract With Customer Liability Current Period Sales ContractWithCustomerLiabilityCurrentPeriodSales	54330000	USD
CY2022Q1	us-gaap	Contract With Customer Liability ContractWithCustomerLiability	905079000	USD
CY2022Q1	us-gaap	Revenue Remaining Performance Obligation RevenueRemainingPerformanceObligation	470500000	USD
CY2022Q1	us-gaap	Revenue Remaining Performance Obligation RevenueRemainingPerformanceObligation	296700000	USD
CY2022Q1	us-gaap	Revenue Remaining Performance Obligation RevenueRemainingPerformanceObligation	69300000	USD
CY2022Q1	us-gaap	Revenue Remaining Performance Obligation RevenueRemainingPerformanceObligation	68600000	USD
CY2022Q1	up	Capitalized Commissions And Fees Expense CapitalizedCommissionsAndFeesExpense	4300000	USD
CY2021Q1	up	Capitalized Commissions And Fees Expense CapitalizedCommissionsAndFeesExpense	1700000	USD
CY2022Q1	us-gaap	Capitalized Contract Cost Amortization CapitalizedContractCostAmortization	3500000	USD
CY2021Q1	us-gaap	Capitalized Contract Cost Amortization CapitalizedContractCostAmortization	2800000	USD
CY2021Q4	us-gaap	Finite Lived Intangible Assets Gross FiniteLivedIntangibleAssetsGross	189185000	USD
CY2021Q4	us-gaap	Finite Lived Intangible Assets Accumulated Amortization FiniteLivedIntangibleAssetsAccumulatedAmortization	42226000	USD
CY2021Q4	us-gaap	Goodwill Goodwill	437398000	USD
CY2022Q1	us-gaap	Goodwill Acquired During Period GoodwillAcquiredDuringPeriod	12177000	USD
CY2022Q1	us-gaap	Goodwill Goodwill	449575000	USD
CY2022Q1	us-gaap	Finite Lived Intangible Assets Gross FiniteLivedIntangibleAssetsGross	189185000	USD
CY2022Q1	us-gaap	Finite Lived Intangible Assets Accumulated Amortization FiniteLivedIntangibleAssetsAccumulatedAmortization	47451000	USD
CY2022Q1	us-gaap	Finite Lived Intangible Assets Net FiniteLivedIntangibleAssetsNet	141734000	USD
CY2021Q4	us-gaap	Finite Lived Intangible Assets Net FiniteLivedIntangibleAssetsNet	146959000	USD
CY2022Q1	us-gaap	Amortization Of Intangible Assets AmortizationOfIntangibleAssets	5200000	USD
CY2021Q1	us-gaap	Amortization Of Intangible Assets AmortizationOfIntangibleAssets	5300000	USD
CY2022Q1	up	Intangible Liabilities Gross IntangibleLiabilitiesGross	20000000	USD
CY2022Q1	up	Intangible Liabilities Accumulated Amortization IntangibleLiabilitiesAccumulatedAmortization	4417000	USD
CY2022Q1	up	Intangible Liabilities Net IntangibleLiabilitiesNet	15583000	USD
CY2021Q4	up	Intangible Liabilities Gross IntangibleLiabilitiesGross	20000000	USD
CY2021Q4	up	Intangible Liabilities Accumulated Amortization IntangibleLiabilitiesAccumulatedAmortization	3917000	USD
CY2021Q4	up	Intangible Liabilities Net IntangibleLiabilitiesNet	16083000	USD
CY2022Q1	up	Amortization Of Intangible Liabilities AmortizationOfIntangibleLiabilities	500000	USD
CY2021Q1	up	Amortization Of Intangible Liabilities AmortizationOfIntangibleLiabilities	500000	USD
CY2022Q1	up	Intangible Liabilities Net IntangibleLiabilitiesNet	15583000	USD
CY2021Q1	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	230289000	USD
CY2022Q1	us-gaap	Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear	14898000	USD
CY2022Q1	up	Intangible Liabilities Expected Amortization Remainder Of Fiscal Year IntangibleLiabilitiesExpectedAmortizationRemainderOfFiscalYear	1500000	USD
CY2022Q1	us-gaap	Finite Lived Intangible Assets Amortization Expense Next Twelve Months FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths	19864000	USD
CY2022Q1	up	Intangible Liabilities Expected Amortization Year One IntangibleLiabilitiesExpectedAmortizationYearOne	2000000	USD
CY2022Q1	us-gaap	Finite Lived Intangible Assets Amortization Expense Year Two FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo	19701000	USD
CY2022Q1	up	Intangible Liabilities Expected Amortization Year Two IntangibleLiabilitiesExpectedAmortizationYearTwo	2000000	USD
CY2022Q1	us-gaap	Finite Lived Intangible Assets Amortization Expense Year Three FiniteLivedIntangibleAssetsAmortizationExpenseYearThree	19288000	USD
CY2022Q1	up	Intangible Liabilities Expected Amortization Year Three IntangibleLiabilitiesExpectedAmortizationYearThree	2000000	USD
CY2022Q1	us-gaap	Finite Lived Intangible Assets Amortization Expense Year Four FiniteLivedIntangibleAssetsAmortizationExpenseYearFour	18604000	USD
CY2022Q1	up	Intangible Liabilities Expected Amortization Year Four IntangibleLiabilitiesExpectedAmortizationYearFour	2000000	USD
CY2022Q1	up	Finite Lived Intangible Asset Expected Amortization After Year Four FiniteLivedIntangibleAssetExpectedAmortizationAfterYearFour	49379000	USD
CY2022Q1	up	Intangible Liabilities Expected Amortization After Year Four IntangibleLiabilitiesExpectedAmortizationAfterYearFour	6083000	USD
CY2022Q1	us-gaap	Finite Lived Intangible Assets Net FiniteLivedIntangibleAssetsNet	141734000	USD
CY2022Q1	us-gaap	Cash And Cash Equivalents Fair Value Disclosure CashAndCashEquivalentsFairValueDisclosure	408139000	USD
CY2022Q1	us-gaap	Liabilities Fair Value Disclosure LiabilitiesFairValueDisclosure	6637000	USD
CY2021Q4	us-gaap	Cash Equivalents At Carrying Value CashEquivalentsAtCarryingValue	408100000	USD
CY2022Q1	us-gaap	Cash Equivalents At Carrying Value CashEquivalentsAtCarryingValue	408100000	USD
CY2022Q1	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	537699000	USD
CY2021Q1	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	215027000	USD
CY2022Q1	us-gaap	Restricted Cash RestrictedCash	2148000	USD
CY2021Q1	us-gaap	Restricted Cash RestrictedCash	15262000	USD
CY2022Q1	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	539847000	USD
CY2021Q4	us-gaap	Cash And Cash Equivalents Fair Value Disclosure CashAndCashEquivalentsFairValueDisclosure	408082000	USD
CY2021Q4	us-gaap	Liabilities Fair Value Disclosure LiabilitiesFairValueDisclosure	10268000	USD
CY2021Q4	us-gaap	Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Basis Liability Value FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue	10268000	USD
CY2022Q1	us-gaap	Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Gain Loss Included In Earnings FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityGainLossIncludedInEarnings	-3631000	USD
CY2022Q1	us-gaap	Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Basis Liability Value FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue	6637000	USD
CY2021Q3	us-gaap	Repayments Of Long Term Debt RepaymentsOfLongTermDebt	175500000	USD
CY2021Q1	us-gaap	Amortization Of Financing Costs And Discounts AmortizationOfFinancingCostsAndDiscounts	300000	USD
CY2022Q1	us-gaap	Lessee Operating Lease Liability Payments Due Next Twelve Months LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths	35583000	USD
CY2022Q1	us-gaap	Lessee Operating Lease Liability Payments Due Year Two LesseeOperatingLeaseLiabilityPaymentsDueYearTwo	29954000	USD
CY2022Q1	us-gaap	Sales And Excise Tax Payable Current And Noncurrent SalesAndExciseTaxPayableCurrentAndNoncurrent	9000000	USD
CY2021Q4	us-gaap	Sales And Excise Tax Payable Current And Noncurrent SalesAndExciseTaxPayableCurrentAndNoncurrent	8500000	USD
CY2022Q1	us-gaap	Variable Lease Payment VariableLeasePayment	4400000	USD
CY2021Q1	us-gaap	Variable Lease Payment VariableLeasePayment	4600000	USD
CY2022Q1	us-gaap	Operating Lease Cost OperatingLeaseCost	9102000	USD
CY2021Q1	us-gaap	Operating Lease Cost OperatingLeaseCost	7554000	USD
CY2022Q1	us-gaap	Short Term Lease Cost ShortTermLeaseCost	5293000	USD
CY2021Q1	us-gaap	Short Term Lease Cost ShortTermLeaseCost	7048000	USD
CY2022Q1	us-gaap	Lease Cost LeaseCost	14395000	USD
CY2021Q1	us-gaap	Lease Cost LeaseCost	14602000	USD
CY2022Q1	us-gaap	Lessee Operating Lease Liability Payments Due Year Three LesseeOperatingLeaseLiabilityPaymentsDueYearThree	17329000	USD
CY2022Q1	us-gaap	Lessee Operating Lease Liability Payments Due Year Four LesseeOperatingLeaseLiabilityPaymentsDueYearFour	11323000	USD
CY2022Q1	us-gaap	Operating Lease Payments OperatingLeasePayments	9119000	USD
CY2021Q1	us-gaap	Operating Lease Payments OperatingLeasePayments	7867000	USD
CY2022Q1	us-gaap	Right Of Use Asset Obtained In Exchange For Operating Lease Liability RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability	37180000	USD
CY2021Q1	us-gaap	Right Of Use Asset Obtained In Exchange For Operating Lease Liability RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability	40093000	USD
CY2022Q1	us-gaap	Operating Lease Weighted Average Remaining Lease Term1 OperatingLeaseWeightedAverageRemainingLeaseTerm1	P6Y1M6D
CY2021Q4	us-gaap	Operating Lease Weighted Average Remaining Lease Term1 OperatingLeaseWeightedAverageRemainingLeaseTerm1	P6Y4M24D
CY2022Q1	us-gaap	Operating Lease Weighted Average Discount Rate Percent OperatingLeaseWeightedAverageDiscountRatePercent	0.090
CY2021Q4	us-gaap	Operating Lease Weighted Average Discount Rate Percent OperatingLeaseWeightedAverageDiscountRatePercent	0.095
CY2022Q1	us-gaap	Lessee Operating Lease Liability Payments Remainder Of Fiscal Year LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear	29320000	USD
CY2022Q1	up	Lessee Operating Lease Liability To Be Paid After Year Four LesseeOperatingLeaseLiabilityToBePaidAfterYearFour	42580000	USD
CY2022Q1	us-gaap	Lessee Operating Lease Liability Payments Due LesseeOperatingLeaseLiabilityPaymentsDue	166089000	USD
CY2022Q1	us-gaap	Lessee Operating Lease Liability Undiscounted Excess Amount LesseeOperatingLeaseLiabilityUndiscountedExcessAmount	42087000	USD
CY2022Q1	us-gaap	Operating Lease Liability OperatingLeaseLiability	124002000	USD
CY2021Q2	us-gaap	Preferred Stock Shares Authorized PreferredStockSharesAuthorized	25000000	shares
CY2021Q2	us-gaap	Preferred Stock Par Or Stated Value Per Share PreferredStockParOrStatedValuePerShare	0.0001
CY2022Q1	up	Share Based Compensation Arrangement By Share Based Payment Award Number Of Approved Plans ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfApprovedPlans	9	plan
CY2022Q1	up	Share Based Payment Arrangement Shares Withheld For Tax Withholding Obligation Fair Value ShareBasedPaymentArrangementSharesWithheldForTaxWithholdingObligationFairValue	6100000	USD
CY2022Q1	us-gaap	Allocated Share Based Compensation Expense AllocatedShareBasedCompensationExpense	22554000	USD
CY2021Q1	us-gaap	Allocated Share Based Compensation Expense AllocatedShareBasedCompensationExpense	1414000	USD
CY2022Q1	us-gaap	Shares Paid For Tax Withholding For Share Based Compensation SharesPaidForTaxWithholdingForShareBasedCompensation	1682380	shares
CY2022Q1	up	Noncontrolling Interest Weighted Average Ownership Percentage By Parent NoncontrollingInterestWeightedAverageOwnershipPercentageByParent	0.004
CY2021Q4	up	Total Noncontrolling Interest Percent TotalNoncontrollingInterestPercent	1.000
CY2022Q1	up	Share Based Payment Arrangement Shares Withheld For Tax Withholding Obligation Fair Value Per Share ShareBasedPaymentArrangementSharesWithheldForTaxWithholdingObligationFairValuePerShare	3.63
CY2022Q1	up	Noncontrolling Interest Ownership Excluding Share Based Payment Arrangements Shares NoncontrollingInterestOwnershipExcludingShareBasedPaymentArrangementsShares	244228921	shares
CY2022Q1	up	Common Unit Outstanding Percent Of Total Noncontrolling Interest CommonUnitOutstandingPercentOfTotalNoncontrollingInterest	0.996
CY2021Q4	up	Noncontrolling Interest Ownership Excluding Share Based Payment Arrangements Shares NoncontrollingInterestOwnershipExcludingShareBasedPaymentArrangementsShares	245834569	shares
CY2021Q4	up	Common Unit Outstanding Percent Of Total Noncontrolling Interest CommonUnitOutstandingPercentOfTotalNoncontrollingInterest	0.992
CY2022Q1	up	Noncontrolling Interest Profit Interest Vested Number Of Shares NoncontrollingInterestProfitInterestVestedNumberOfShares	1050687	shares
CY2022Q1	up	Noncontrolling Interest Profit Interest Vested Percent Of Total Noncontrolling Interest NoncontrollingInterestProfitInterestVestedPercentOfTotalNoncontrollingInterest	0.004
CY2021Q4	up	Noncontrolling Interest Profit Interest Vested Number Of Shares NoncontrollingInterestProfitInterestVestedNumberOfShares	2045995	shares
CY2021Q4	up	Noncontrolling Interest Profit Interest Vested Percent Of Total Noncontrolling Interest NoncontrollingInterestProfitInterestVestedPercentOfTotalNoncontrollingInterest	0.008
CY2022Q1	up	Noncontrolling Interest Shares NoncontrollingInterestShares	245279608	shares
CY2022Q1	up	Total Noncontrolling Interest Percent TotalNoncontrollingInterestPercent	1.000
CY2021Q4	up	Noncontrolling Interest Shares NoncontrollingInterestShares	247880564	shares
CY2022Q1	up	Noncontrolling Interest Profit Interest Shares Issuable Upon Conversion Of Vested And Unvested Interests NoncontrollingInterestProfitInterestSharesIssuableUponConversionOfVestedAndUnvestedInterests	4069136000	shares
CY2021Q1	up	Noncontrolling Interest Weighted Average Ownership Percentage By Parent NoncontrollingInterestWeightedAverageOwnershipPercentageByParent	0.087
CY2022Q1	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	-88653000	USD
CY2022Q1	us-gaap	Net Income Loss Available To Common Stockholders Diluted NetIncomeLossAvailableToCommonStockholdersDiluted	-88653000	USD
CY2021Q1	us-gaap	Net Income Loss Available To Common Stockholders Diluted NetIncomeLossAvailableToCommonStockholdersDiluted	-29409000	USD
CY2021Q1	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	-29409000	USD
CY2022Q1	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	244610000	shares
CY2022Q1	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	244610000	shares
CY2021Q1	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	168846000	shares
CY2021Q1	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	168846000	shares
CY2022Q1	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	-0.36
CY2022Q1	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	-0.36
CY2021Q1	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	-0.17
CY2021Q1	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	-0.17
CY2021Q1	us-gaap	Dividends Dividends	0	USD
CY2022Q1	us-gaap	Dividends Dividends	0	USD
CY2022Q1	us-gaap	Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount	53348175000	shares
CY2021Q1	us-gaap	Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount	16253862000	shares
CY2022Q1	us-gaap	Effective Income Tax Rate Continuing Operations EffectiveIncomeTaxRateContinuingOperations	0.000
CY2022Q1	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	0	USD
CY2021Q1	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	0	USD
CY2021Q1	us-gaap	Effective Income Tax Rate Continuing Operations EffectiveIncomeTaxRateContinuingOperations	0.000
CY2021Q3	up	Number Of Shares Of Common Stock Contained In Each Unit NumberOfSharesOfCommonStockContainedInEachUnit	1	shares
CY2021Q3	us-gaap	Class Of Warrant Or Right Exercise Price Of Warrants Or Rights1 ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1	11.50
CY2020Q3	up	Class Of Warrant Or Right Exercisable Period ClassOfWarrantOrRightExercisablePeriod	P12M
CY2021Q3	us-gaap	Warrants And Rights Outstanding Term WarrantsAndRightsOutstandingTerm	P5Y
CY2022Q1	us-gaap	Class Of Warrant Or Right Outstanding ClassOfWarrantOrRightOutstanding	12521494	shares
CY2022Q1	us-gaap	Class Of Warrant Or Right Outstanding ClassOfWarrantOrRightOutstanding	12521494	shares

Files In Submission

Name	View Source	Status
0001819516-22-000014-index-headers.html	Edgar Link	pending
0001819516-22-000014-index.html	Edgar Link	pending
0001819516-22-000014.txt	Edgar Link	pending
0001819516-22-000014-xbrl.zip	Edgar Link	pending
amendmentno1totheseventhar.htm	Edgar Link	pending
FilingSummary.xml	Edgar Link	unprocessable
Financial_Report.xlsx	Edgar Link	pending
image_0.jpg	Edgar Link	pending
MetaLinks.json	Edgar Link	pending
offerlettersainte-rosefina.htm	Edgar Link	pending
q122-ceocertificationx302.htm	Edgar Link	pending
q122-ceocertificationx906.htm	Edgar Link	pending
q122-cfocertificationx302.htm	Edgar Link	pending
q122-cfocertificationx906.htm	Edgar Link	pending
R1.htm	Edgar Link	pending
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report.css	Edgar Link	pending
Show.js	Edgar Link	pending
up-20220331.htm	Edgar Link	pending
up-20220331.xsd	Edgar Link	pending
up-20220331_cal.xml	Edgar Link	unprocessable
up-20220331_def.xml	Edgar Link	unprocessable
up-20220331_htm.xml	Edgar Link	completed
up-20220331_lab.xml	Edgar Link	unprocessable
up-20220331_pre.xml	Edgar Link	unprocessable

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$UP
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2022 Q1 Form 10-Q Financial Statement

#000181951622000014 Filed on May 13, 2022

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$UP Wheels Up Experience Inc. Stock $up

2022 Q1 Form 10-Q Financial Statement

#000181951622000014 Filed on May 13, 2022

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$UP
Wheels Up Experience Inc. Stock $up