Fortress Transportation and Infrastructure Investors LLC (FTAI) Financial Statements (2024 and earlier)
Company Profile
| Business Address |
1345 AVENUE OF THE AMERICAS NEW YORK, NY 10105 |
| 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)
| 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 33,565 | 188,078 | 121,703 | 226,512 | 99,601 | 59,400 | |||
| Cash and cash equivalents | 33,565 | 188,078 | 121,703 | 226,512 | 99,601 | 59,400 | |||
| Inventory, net of allowances, customer advances and progress billings | 163,676 | 8,877 | |||||||
| Inventory | 163,676 | 8,877 | |||||||
| Derivative instruments and hedges, assets | 1,022 | ||||||||
| Total current assets: | 197,241 | 188,078 | 121,703 | 226,512 | 99,601 | 69,299 | |||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 3,000 | 75,344 | 62,355 | 37,466 | ✕ | ✕ | |||
| Property, plant and equipment | 1,555,857 | 964,363 | 732,109 | 708,853 | 489,949 | ||||
| Long-term investments and receivables | 22,037 | 77,325 | 146,515 | 180,550 | 40,560 | 42,538 | |||
| Long-term investments | 22,037 | 77,325 | 146,515 | 180,550 | 40,560 | 42,538 | |||
| Intangible assets, net (including goodwill) | 41,955 | 355,836 | 141,521 | 150,331 | 155,097 | 156,627 | |||
| Goodwill | 257,137 | 122,735 | 122,639 | 116,584 | 116,584 | ||||
| Intangible assets, net (excluding goodwill) | 41,955 | 98,699 | 18,786 | 27,692 | 38,513 | 40,043 | |||
| Regulated entity, other noncurrent assets | 29,400 | 64,483 | 36,222 | 18,111 | 14,510 | 11,423 | |||
| Total noncurrent assets: | 96,392 | 2,128,845 | 1,350,976 | 1,118,567 | 919,020 | 700,537 | |||
| Other undisclosed assets | 2,135,944 | 2,546,931 | 1,915,298 | 1,891,843 | 1,620,157 | 1,185,970 | |||
| TOTAL ASSETS: | 2,429,577 | 4,863,854 | 3,387,977 | 3,236,922 | 2,638,778 | 1,955,806 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Debt | 100,527 | 25,000 | 182,019 | 71,678 | 1,406,528 | ||||
| Total current liabilities: | 100,527 | 25,000 | 182,019 | 71,678 | 1,406,528 | ||||
| Noncurrent Liabilities | |||||||||
| Other undisclosed liabilities | 2,410,175 | 3,639,227 | 2,263,656 | 1,716,046 | 1,513,318 | (485,797) | |||
| Total liabilities: | 2,410,175 | 3,739,754 | 2,288,656 | 1,898,065 | 1,584,996 | 920,731 | |||
| Equity | |||||||||
| Equity, attributable to parent | 18,878 | 1,124,292 | 1,076,658 | 1,301,877 | 997,399 | 947,068 | |||
| Preferred stock | 133 | 133 | 91 | 81 | |||||
| Common stock | 997 | 992 | 856 | 849 | 840 | 758 | |||
| Additional paid in capital | 343,350 | 1,411,940 | 1,130,106 | 1,110,122 | 1,029,376 | 985,009 | |||
| Accumulated other comprehensive income (loss) | (156,381) | (26,237) | 372 | ||||||
| Retained earnings (accumulated deficit) | (325,602) | (132,392) | (28,158) | 190,453 | (32,817) | (38,699) | |||
| Other undisclosed equity | 524 | (192) | 22,663 | 36,980 | 56,383 | 88,007 | |||
| Total equity: | 19,402 | 1,124,100 | 1,099,321 | 1,338,857 | 1,053,782 | 1,035,075 | |||
| TOTAL LIABILITIES AND EQUITY: | 2,429,577 | 4,863,854 | 3,387,977 | 3,236,922 | 2,638,778 | 1,955,806 | |||
Income Statement (P&L) ($ in thousands)
| 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 708,411 | 455,802 | 366,496 | 578,774 | 379,878 | 217,659 | ||
| Revenue, net | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 217,659 | |
| Cost of revenue | (724,484) | (9,000) | (4,100) | (5,000) | (234,028) | (164,545) | ||
| Cost of goods and services sold | (248,385) | (9,000) | (4,100) | (5,000) | (8,700) | (4,963) | ||
| Gross profit: | (16,073) | 446,802 | 362,396 | 573,774 | 145,850 | 53,114 | ||
| Operating expenses | (146,428) | (167,514) | (92,385) | |||||
| Other operating expense, net (Other Expenses) | ||||||||
| Operating income (loss): | (162,501) | 446,802 | 362,396 | 573,774 | (21,664) | (39,271) | ||
| Nonoperating income (expense) | 57,190 | 23,826 | (16,782) | 200,125 | 7,332 | 17,985 | ||
| Other nonoperating income (expense) | 207 | (10,928) | 70 | 3,445 | 3,941 | 3,073 | ||
| Interest and debt expense | (169,194) | (171,036) | (98,206) | (95,585) | (57,854) | (38,827) | ||
| Income (loss) from continuing operations before equity method investments, income taxes: | (274,505) | 299,592 | 247,408 | 678,314 | (72,186) | (60,113) | ||
| Other undisclosed income (loss) from continuing operations before income taxes | 169,194 | (431,355) | (358,336) | (526,182) | 57,854 | 38,827 | ||
| Income (loss) from continuing operations before income taxes: | (105,311) | (131,763) | (110,928) | 152,132 | (14,332) | (21,286) | ||
| Income tax expense (benefit) | (5,300) | 1,057 | 5,905 | (17,810) | (1,372) | (1,954) | ||
| Income (loss) from continuing operations: | (110,611) | (130,706) | (105,023) | 134,322 | (15,704) | (23,240) | ||
| Income (loss) before gain (loss) on sale of properties: | ✕ | ✕ | (130,706) | (103,692) | 207,784 | (15,704) | (23,240) | |
| Income (loss) from discontinued operations | (101,416) | 1,331 | 73,462 | |||||
| Net income (loss): | (212,027) | (130,706) | (103,692) | 207,784 | (15,704) | (23,240) | ||
| Net income attributable to noncontrolling interest | 21,586 | 23,374 | ||||||
| Other undisclosed net income (loss) attributable to parent | (1,347) | 15,486 | ||||||
| Net income (loss) attributable to parent: | (212,027) | (130,706) | (105,039) | 223,270 | 5,882 | 134 | ||
| Other undisclosed net income (loss) available to common stockholders, basic | (8,347) | 1,714 | ||||||
| Net income (loss) available to common stockholders, diluted: | (220,374) | (128,992) | (105,039) | 223,270 | 5,882 | 134 | ||
Comprehensive Income ($ in thousands)
| 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | (212,027) | (130,706) | (103,692) | 207,784 | (15,704) | (23,240) | ||
| Other comprehensive income (loss) | (182,963) | (130,144) | (26,609) | 372 | (7,130) | |||
| Comprehensive income (loss): | (394,990) | (260,850) | (130,301) | 208,156 | (15,704) | (30,370) | ||
| Comprehensive income, net of tax, attributable to noncontrolling interest | 21,586 | 23,374 | ||||||
| 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: | (376,173) | (234,378) | (113,779) | 225,480 | 5,882 | (6,996) | ||
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.