EG Acquisition Corp. (FLYXWT) Financial Statements (2025 and earlier)

Company Profile

Business Address 375 PARK AVENUE, 24TH FLOOR
NEW YORK, NY 10152
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 4522 - Air Transportation, Nonscheduled (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)
Annual | Quarterly

12/31/2024
12/31/2023
12/31/2022
12/31/2021
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments11,62688319
Cash and cash equivalent11,62688319
Receivables4,460  
Inventory, net of allowances, customer advances and progress billings5,142  
Inventory5,142  
Prepaid expense446192464
Capitalized contract cost514  
Deferred costs514  
Disposal group, including discontinued operation   
Financing receivable, excluding accrued interest, after allowance for credit loss✕301  
Other undisclosed current assets93,790  
Total current assets:116,793280783
Noncurrent Assets
Finance lease, right-of-use asset, after accumulated amortization   
Operating lease, right-of-use asset84,649  
Property, plant and equipment253,976  
Long-term investments and receivables  228,254225,009
Long-term investments  228,254225,009
Intangible assets, net (including goodwill)2,234  
Intangible assets, net (excluding goodwill)2,234  
Prepaid expense   180
Capitalized contract cost, net631  
Disposal group, including discontinued operation, noncurrent assets   
Other noncurrent assets670  
Financing receivable, excluding accrued interest, after allowance for credit loss✕21,177  
Other undisclosed noncurrent assets40,900  
Total noncurrent assets:404,237228,254225,189
TOTAL ASSETS:521,030228,534225,972
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:  2,409 
Accrued liabilities  601 
Other undisclosed accounts payable and accrued liabilities  1,808 
Deferred revenue83,914  
Debt40,8671,150 
Other liabilities28,705  
Due to related parties✕✕19272
Other undisclosed current liabilities68,050601285
Total current liabilities:221,5364,352357
Noncurrent Liabilities
Long-term debt and lease obligation166,818  
Long-term debt, excluding current maturities 166,818  
Finance lease, liability   
Liabilities, other than long-term debt97,346  
Deferred revenue10,026  
Other liabilities16,712  
Operating lease, liability68,100  
Derivative instruments and hedges, liabilities2,508  
Other undisclosed noncurrent liabilities 10,15915,259
Total noncurrent liabilities:264,16410,15915,259
Total liabilities:485,70014,51115,616
Temporary equity, including noncontrolling interest(35,525)  
Equity
Equity, attributable to parent, including:46,461(13,233)(14,653)
Additional paid in capital126,978  
Accumulated other comprehensive loss(69)  
Accumulated deficit(80,456)(13,233)(14,653)
Other undisclosed equity, attributable to parent811
Equity, attributable to noncontrolling interest24,394  
Other undisclosed equity  227,256225,009
Total equity:70,855214,023210,356
Other undisclosed liabilities and equity   
TOTAL LIABILITIES AND EQUITY:521,030228,534225,972

Income Statement (P&L) ($ in thousands)
Annual | Quarterly

12/31/2024
12/31/2023
12/31/2022
12/31/2021
Revenues315,362  
Cost of revenue(264,176)  
Gross profit:51,186  
Operating expenses(75,430) (208)
Other undisclosed operating loss(26,982)(4,078)(793)
Operating loss:(51,226)(4,078)(1,001)
Nonoperating income (expense)(3,512)8,3453,148
Investment income, nonoperating4,6293,2459
Interest and debt expense14,843  
Income (loss) from continuing operations before equity method investments, income taxes:(39,895)4,2682,146
Other undisclosed income (loss) from continuing operations before income taxes(14,843)  
Income (loss) from continuing operations before income taxes:(54,738)4,2682,146
Income tax expense (601) 
Income (loss) from continuing operations:(54,738)3,6672,146
Income before gain (loss) on sale of properties:✕✕✕2,146
Net income (loss):(54,738)3,6672,146
Net income attributable to noncontrolling interest8,983  
Other undisclosed net income (loss) attributable to parent(1,080)  
Net income (loss) attributable to parent:(46,835)3,6672,146
Other undisclosed net loss available to common stockholders, basic   
Net income (loss) available to common stockholders, diluted:(46,835)3,6672,146

Comprehensive Income ($ in thousands)
Annual | Quarterly

12/31/2024
12/31/2023
12/31/2022
12/31/2021
Net income (loss):(54,738)3,6672,146
Net income attributable to redeemable noncontrolling interest✕✕✕
Comprehensive income (loss):(54,738)3,6672,146
Comprehensive income, net of tax, attributable to noncontrolling interest8,983  
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(673)  
Comprehensive income (loss), net of tax, attributable to parent:(46,428)3,6672,146

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.

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