Global Crossing Airlines Group Inc. (JETBF) Financial Statements (2024 and earlier)
Company Profile
| Business Address |
4200 NW 36TH STREET, BUILDING 5A MIAMI, FL 33166 |
| State of Incorp. | DE |
| Fiscal Year End | December 31 |
| Industry (SIC) | 4512 - Air Transportation, Scheduled (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
| 6/30/2024 MRQ | 12/31/2023 | 12/31/2022 | |||
|---|---|---|---|---|---|
| ASSETS | |||||
| Current Assets | |||||
| Cash, cash equivalents, and short-term investments | 11,596 | 1,876 | |||
| Cash and cash equivalents | 11,596 | 1,876 | |||
| Restricted cash and investments | 6,080 | 3,585 | |||
| Receivables | 10,181 | 2,664 | |||
| Asset, held-for-sale, not part of disposal group | 184 | 1,406 | |||
| Other undisclosed current assets | 2,552 | 2,193 | |||
| Total current assets: | 30,592 | 11,724 | |||
| Noncurrent Assets | |||||
| Finance lease, right-of-use asset, after accumulated amortization | 4,108 | 2,711 | |||
| Operating lease, right-of-use asset | 76,881 | 27,953 | |||
| Property, plant and equipment | 5,525 | 2,441 | |||
| Deposits noncurrent assets | 12,506 | ||||
| Other noncurrent assets | 1,717 | ||||
| Other undisclosed noncurrent assets | 6,335 | ||||
| Total noncurrent assets: | 100,737 | 39,440 | |||
| TOTAL ASSETS: | 131,328 | 51,164 | |||
| LIABILITIES AND EQUITY | |||||
| Liabilities | |||||
| Current Liabilities | |||||
| Accounts payable and accrued liabilities | 24,946 | 14,456 | |||
| Accounts payable | 7,481 | 4,997 | |||
| Accrued liabilities | 17,465 | 9,459 | |||
| Deferred revenue | 9,896 | 3,201 | |||
| Debt | 599 | 2,146 | |||
| Other undisclosed current liabilities | 17,586 | 8,063 | |||
| Total current liabilities: | 53,027 | 27,866 | |||
| Noncurrent Liabilities | |||||
| Long-term debt and lease obligation | 29,175 | 7,188 | |||
| Long-term debt, excluding current maturities | 29,175 | 5,081 | |||
| Finance lease, liability | 2,107 | ||||
| Liabilities, other than long-term debt | 68,994 | 23,190 | |||
| Other liabilities | 3,835 | ||||
| Operating lease, liability | 65,158 | 23,190 | |||
| Other undisclosed noncurrent liabilities | 176 | ||||
| Total noncurrent liabilities: | 98,169 | 30,554 | |||
| Total liabilities: | 151,195 | 58,420 | |||
| Equity | |||||
| Equity, attributable to parent | (20,092) | (7,256) | |||
| Common stock | 59 | 53 | |||
| Additional paid in capital | 38,943 | 30,774 | |||
| Accumulated deficit | (59,094) | (38,083) | |||
| Equity, attributable to noncontrolling interest | 225 | ||||
| Other undisclosed equity | (0) | ||||
| Total equity: | (19,867) | (7,256) | |||
| TOTAL LIABILITIES AND EQUITY: | 131,328 | 51,164 | |||
Income Statement (P&L) ($ in thousands)
| 6/30/2024 TTM | 12/31/2023 | 12/31/2022 | ||
|---|---|---|---|---|
| Revenues | 160,122 | 97,110 | ||
| Gross profit: | 160,122 | 97,110 | ||
| Operating expenses | (175,989) | (108,347) | ||
| Operating loss: | (15,867) | (11,237) | ||
| Nonoperating expense | (4,916) | (4,584) | ||
| Other nonoperating expense | (3,059) | |||
| Interest and debt expense | (4,916) | (1,622) | ||
| Loss from continuing operations before equity method investments, income taxes: | (25,700) | (17,443) | ||
| Other undisclosed income from continuing operations before income taxes | 1,622 | |||
| Loss from continuing operations before income taxes: | (25,700) | (15,821) | ||
| Income tax expense | (2) | |||
| Other undisclosed loss from continuing operations | ||||
| Loss from continuing operations: | (25,702) | (15,821) | ||
| Other undisclosed net income | 4,916 | |||
| Net loss: | (20,786) | (15,821) | ||
| Net loss attributable to noncontrolling interest | (225) | |||
| Net loss available to common stockholders, diluted: | (21,011) | (15,821) | ||
Comprehensive Income ($ in thousands)
| 6/30/2024 TTM | 12/31/2023 | 12/31/2022 | ||
|---|---|---|---|---|
| Net loss: | (20,786) | (15,821) | ||
| Comprehensive loss: | (20,786) | (15,821) | ||
| Comprehensive loss, net of tax, attributable to noncontrolling interest | (225) | |||
| Comprehensive loss, net of tax, attributable to parent: | (21,011) | (15,821) | ||
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.