FTAI Aviation Ltd. (FTAIN) Financial Statements (2026 and earlier)
Company Profile
| Business Address |
405 WEST 13TH STREET NEW YORK, NY 10014 |
| State of Incorp. | |
| Fiscal Year End | December 31 |
| Industry (SIC) | 735 - Miscellaneous Equipment Rental And Leasing (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
| 6/30/2025 MRQ | 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 115,116 | 90,756 | 33,565 | 188,078 | 121,703 | 226,512 | |||
| Cash and cash equivalent | 115,116 | 90,756 | 33,565 | 188,078 | 121,703 | 226,512 | |||
| Receivables | 150,823 | ||||||||
| Inventory, net of allowances, customer advances and progress billings | 551,156 | 316,637 | 163,676 | ||||||
| Inventory | 551,156 | 316,637 | 163,676 | ||||||
| Disposal group, including discontinued operation | |||||||||
| Other current assets | 408,923 | ||||||||
| Total current assets: | 1,226,018 | 407,393 | 197,241 | 188,078 | 121,703 | 226,512 | |||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 3,400 | 3,000 | 75,344 | 62,355 | 37,466 | ||||
| Property, plant and equipment | 1,555,857 | 964,363 | 732,109 | ||||||
| Long-term investments and receivables | 19,048 | 22,722 | 22,037 | 77,325 | 146,515 | 180,550 | |||
| Long-term investments | 19,048 | 22,722 | 22,037 | 77,325 | 146,515 | 180,550 | |||
| Intangible assets, net (including goodwill) | 103,275 | 55,220 | 41,955 | 355,836 | 141,521 | 150,331 | |||
| Goodwill | 61,070 | 4,630 | 257,137 | 122,735 | 122,639 | ||||
| Intangible assets, net (excluding goodwill) | 42,205 | 50,590 | 41,955 | 98,699 | 18,786 | 27,692 | |||
| Regulated entity, other noncurrent assets | 55,526 | 33,150 | 29,400 | 64,483 | 36,222 | 18,111 | |||
| Other noncurrent assets | 208,430 | ||||||||
| Other undisclosed noncurrent assets | 2,425,655 | ||||||||
| Total noncurrent assets: | 2,811,934 | 114,492 | 96,392 | 2,128,845 | 1,350,976 | 1,118,567 | |||
| Other undisclosed assets | 2,442,800 | 2,135,944 | 2,546,931 | 1,915,298 | 1,891,843 | ||||
| TOTAL ASSETS: | 4,037,952 | 2,964,685 | 2,429,577 | 4,863,854 | 3,387,977 | 3,236,922 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 166,029 | ||||||||
| Accounts payable | 69,119 | ||||||||
| Accrued liabilities | 96,910 | ||||||||
| Debt | 100,527 | 25,000 | 182,019 | ||||||
| Disposal group, including discontinued operation | |||||||||
| Other liabilities | 100,565 | ||||||||
| Other undisclosed current liabilities | 80,652 | ||||||||
| Total current liabilities: | 347,246 | 100,527 | 25,000 | 182,019 | |||||
| Noncurrent Liabilities | |||||||||
| Liabilities, other than long-term debt | 97,851 | ||||||||
| Other liabilities | 97,851 | ||||||||
| Other undisclosed noncurrent liabilities | 3,511,487 | ||||||||
| Total noncurrent liabilities: | 3,609,338 | ||||||||
| Other undisclosed liabilities | 2,788,802 | 2,410,175 | 3,639,227 | 2,263,656 | 1,716,046 | ||||
| Total liabilities: | 3,956,584 | 2,788,802 | 2,410,175 | 3,739,754 | 2,288,656 | 1,898,065 | |||
| Equity | |||||||||
| Equity, attributable to parent | 81,368 | 175,349 | 18,878 | 1,124,292 | 1,076,658 | 1,301,877 | |||
| Preferred stock | 117 | 159 | 133 | 133 | 91 | 81 | |||
| Common stock | 1,026 | 1,002 | 997 | 992 | 856 | 849 | |||
| Additional paid in capital | 153,328 | 255,973 | 343,350 | 1,411,940 | 1,130,106 | 1,110,122 | |||
| Accumulated other comprehensive income (loss) | (156,381) | (26,237) | 372 | ||||||
| Retained earnings (accumulated deficit) | (73,103) | (81,785) | (325,602) | (132,392) | (28,158) | 190,453 | |||
| Other undisclosed equity | 534 | 524 | (192) | 22,663 | 36,980 | ||||
| Total equity: | 81,368 | 175,883 | 19,402 | 1,124,100 | 1,099,321 | 1,338,857 | |||
| TOTAL LIABILITIES AND EQUITY: | 4,037,952 | 2,964,685 | 2,429,577 | 4,863,854 | 3,387,977 | 3,236,922 | |||
Income Statement (P&L) ($ in thousands)
| 6/30/2025 TTM | 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 1,734,901 | 1,170,896 | 708,411 | 455,802 | 366,496 | 578,774 | ||
| Cost of revenue | (1,482,811) | (851,685) | (724,484) | (9,000) | (4,100) | (5,000) | ||
| Cost of product and service sold | (825,884) | (502,132) | (248,385) | (9,000) | (4,100) | (5,000) | ||
| Gross profit: | 252,090 | 319,211 | (16,073) | 446,802 | 362,396 | 573,774 | ||
| Operating expenses | (14,263) | (141,178) | (146,428) | |||||
| Other operating expense, net (Other Expenses) | (8,449) | (18,037) | ||||||
| Operating income (loss): | 229,378 | 159,996 | (162,501) | 446,802 | 362,396 | 573,774 | ||
| Nonoperating income (expense) | (223,658) | 5,984 | 57,190 | 23,826 | (16,782) | 200,125 | ||
| Other nonoperating income (expense) | 17,364 | 7,590 | 207 | (10,928) | 70 | 3,445 | ||
| Interest and debt expense | (17,101) | (161,639) | (169,194) | (171,036) | (98,206) | (95,585) | ||
| Income (loss) from continuing operations before equity method investments, income taxes: | (11,381) | 4,341 | (274,505) | 299,592 | 247,408 | 678,314 | ||
| Other undisclosed income (loss) from continuing operations before income taxes | 25,550 | 179,676 | 169,194 | (431,355) | (358,336) | (526,182) | ||
| Income (loss) from continuing operations before income taxes: | 14,169 | 184,017 | (105,311) | (131,763) | (110,928) | 152,132 | ||
| Income tax expense (benefit) | (5,487) | 59,800 | (5,300) | 1,057 | 5,905 | (17,810) | ||
| Income (loss) from continuing operations: | 8,682 | 243,817 | (110,611) | (130,706) | (105,023) | 134,322 | ||
| Income (loss) before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | ✕ | (130,706) | (103,692) | 207,784 | |
| Income (loss) from discontinued operations | (101,416) | 1,331 | 73,462 | |||||
| Net income (loss): | 8,682 | 243,817 | (212,027) | (130,706) | (103,692) | 207,784 | ||
| Other undisclosed net income (loss) attributable to parent | (1,347) | 15,486 | ||||||
| Net income (loss) attributable to parent: | 8,682 | 243,817 | (212,027) | (130,706) | (105,039) | 223,270 | ||
| Preferred stock dividends and other adjustments | (7,998) | |||||||
| Other undisclosed net income (loss) available to common stockholders, basic | (32,763) | (31,795) | (8,347) | 1,714 | ||||
| Net income (loss) available to common stockholders, diluted: | (32,079) | 212,022 | (220,374) | (128,992) | (105,039) | 223,270 | ||
Comprehensive Income ($ in thousands)
| 6/30/2025 TTM | 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | 8,682 | 243,817 | (212,027) | (130,706) | (103,692) | 207,784 | ||
| Other comprehensive income (loss) | (182,963) | (130,144) | (26,609) | 372 | ||||
| Comprehensive income (loss): | 8,682 | 243,817 | (394,990) | (260,850) | (130,301) | 208,156 | ||
| Other undisclosed comprehensive income, net of tax, attributable to parent | 18,817 | 26,472 | 16,522 | 17,324 | ||||
| Comprehensive income (loss), net of tax, attributable to parent: | 8,682 | 243,817 | (376,173) | (234,378) | (113,779) | 225,480 | ||
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.