FTAI Infrastructure Inc. (FIP) Financial Statements (2025 and earlier)
Company Profile
| Business Address |
1345 AVENUE OF THE AMERICAS NEW YORK, NY 10105 |
| State of Incorp. | DE |
| Fiscal Year End | December 31 |
| Industry (SIC) | 4011 - Railroads, Line-Haul Operating (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
| 3/31/2025 MRQ | 12/31/2024 | 12/31/2023 | 12/31/2022 | |||
|---|---|---|---|---|---|---|
| ASSETS | ||||||
| Current Assets | ||||||
| Cash, cash equivalents, and short-term investments | 27,785 | 29,367 | 36,486 | |||
| Cash and cash equivalent | 27,785 | 29,367 | 36,486 | |||
| Receivables | 21,400 | 7,500 | ||||
| Inventory, net of allowances, customer advances and progress billings | 311 | 300 | 3,600 | |||
| Inventory | 311 | 300 | 3,600 | |||
| Capitalized contract cost | 4,900 | 2,200 | ||||
| Deposits current assets | 22,800 | |||||
| Other current assets | 19,561 | 42,034 | 67,355 | |||
| Other undisclosed current assets | 167,294 | 90,202 | 140,063 | |||
| Total current assets: | 219,851 | 185,503 | 277,804 | |||
| Noncurrent Assets | ||||||
| Operating lease, right-of-use asset | 67,937 | 69,748 | 71,015 | |||
| Property, plant and equipment | 1,653,468 | 1,630,829 | 1,673,808 | |||
| Long-term investments and receivables | 12,529 | 72,701 | 73,589 | |||
| Long-term investments | 12,529 | 72,701 | 73,589 | |||
| Intangible assets, net (including goodwill) | 321,596 | 327,988 | 320,447 | |||
| Goodwill | 275,367 | 275,367 | 260,252 | |||
| Intangible assets, net (excluding goodwill) | 46,229 | 52,621 | 60,195 | |||
| Capitalized contract cost, net | 18,600 | 17,600 | ||||
| Regulated entity, other noncurrent assets | 14,803 | 31,301 | 30,851 | |||
| Other noncurrent assets | ||||||
| Other undisclosed noncurrent assets | 65,604 | 43,939 | 30,885 | |||
| Total noncurrent assets: | 2,154,537 | 2,194,106 | 2,200,595 | |||
| TOTAL ASSETS: | 2,374,388 | 2,379,609 | 2,478,399 | |||
| LIABILITIES AND EQUITY | ||||||
| Liabilities | ||||||
| Current Liabilities | ||||||
| Debt | 48,594 | |||||
| Derivative instruments and hedges, liabilities | ||||||
| Other liabilities | 18,603 | 12,623 | 16,488 | |||
| Other undisclosed current liabilities | 183,597 | 138,014 | 143,093 | |||
| Total current liabilities: | 250,794 | 150,637 | 159,581 | |||
| Noncurrent Liabilities | ||||||
| Long-term debt and lease obligation | 1,539,241 | 1,340,910 | 1,230,157 | |||
| Long-term debt, excluding current maturities | 1,539,241 | 1,340,910 | 1,230,157 | |||
| Liabilities, other than long-term debt | 60,893 | 62,441 | 63,147 | |||
| Operating lease, liability | 60,893 | 62,441 | 63,147 | |||
| Derivative instruments and hedges, liabilities | ||||||
| Other undisclosed noncurrent liabilities | 67,104 | 87,530 | 236,130 | |||
| Total noncurrent liabilities: | 1,667,238 | 1,490,881 | 1,529,434 | |||
| Total liabilities: | 1,918,032 | 1,641,518 | 1,689,015 | |||
| Temporary equity, including noncontrolling interest | 381,218 | 325,232 | 264,590 | |||
| Equity | ||||||
| Equity, attributable to parent | 202,651 | 484,289 | 551,623 | |||
| Common stock | 1,139 | 1,006 | 994 | |||
| Additional paid in capital | 764,381 | 843,971 | 911,599 | |||
| Accumulated other comprehensive income (loss) | (157,051) | (178,515) | (300,133) | |||
| Accumulated deficit | (405,818) | (182,173) | (60,837) | |||
| Equity, attributable to noncontrolling interest | ||||||
| Other undisclosed equity | (127,513) | (71,430) | (26,829) | |||
| Total equity: | 75,138 | 412,859 | 524,794 | |||
| TOTAL LIABILITIES AND EQUITY: | 2,374,388 | 2,379,609 | 2,478,399 | |||
Income Statement (P&L) ($ in thousands)
| 3/31/2025 TTM | 12/31/2024 | 12/31/2023 | 12/31/2022 | ||
|---|---|---|---|---|---|
| Revenues | 331,497 | 320,472 | 261,966 | ||
| Cost of revenue | (20,100) | (19,200) | (13,400) | ||
| Cost of product and service sold | (20,100) | (19,200) | (13,400) | ||
| Gross profit: | 311,397 | 301,272 | 248,566 | ||
| Operating expenses | |||||
| Operating income: | 311,397 | 301,272 | 248,566 | ||
| Nonoperating expense | (163,255) | (112,905) | (125,410) | ||
| Other nonoperating income (expense) | 20,904 | 6,586 | (3,169) | ||
| Interest and debt expense | (174) | (99,603) | (53,239) | ||
| Income from continuing operations before equity method investments, income taxes: | 147,968 | 88,764 | 69,917 | ||
| Other undisclosed loss from continuing operations before income taxes | (410,719) | (246,044) | (252,966) | ||
| Loss from continuing operations before income taxes: | (262,751) | (157,280) | (183,049) | ||
| Income tax expense (benefit) | (3,313) | (2,470) | (4,468) | ||
| Net loss: | (266,064) | (159,750) | (187,517) | ||
| Net income attributable to noncontrolling interest | |||||
| Other undisclosed net loss attributable to parent | |||||
| Net loss attributable to parent: | (266,064) | (159,750) | (187,517) | ||
| Preferred stock dividends and other adjustments | (70,814) | (62,400) | (23,657) | ||
| Other undisclosed net income available to common stockholders, basic | 42,419 | 38,414 | 33,933 | ||
| Net loss available to common stockholders, basic: | (294,459) | (183,736) | (177,241) | ||
| Convertible preferred dividends | |||||
| Other undisclosed net loss available to common stockholders, diluted | |||||
| Net loss available to common stockholders, diluted: | (294,459) | (183,736) | (177,241) | ||
Comprehensive Income ($ in thousands)
| 3/31/2025 TTM | 12/31/2024 | 12/31/2023 | 12/31/2022 | ||
|---|---|---|---|---|---|
| Net loss: | (266,064) | (159,750) | (187,517) | ||
| Other comprehensive income (loss) | 21,464 | 121,618 | (144,669) | ||
| Other undisclosed comprehensive loss | |||||
| Comprehensive income (loss): | (244,600) | (38,132) | (332,186) | ||
| Comprehensive income, net of tax, attributable to noncontrolling interest | |||||
| Other undisclosed comprehensive income, net of tax, attributable to parent | 42,419 | 38,414 | 33,933 | ||
| Comprehensive income (loss), net of tax, attributable to parent: | (202,181) | 282 | (298,253) | ||
Statements Sources
The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.