Volato Group Inc. (SOAR) Financial Statements (2024 and earlier)
Company Profile
| Business Address |
1954 AIRPORT ROAD CHAMBLEE, GA 30341 |
| 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)
| 3/31/2024 MRQ | 12/31/2023 | 12/31/2022 | |||
|---|---|---|---|---|---|
| ASSETS | |||||
| Current Assets | |||||
| Cash, cash equivalents, and short-term investments | 14,486 | 1,342 | |||
| Cash and cash equivalents | 14,486 | 1,342 | |||
| Restricted cash and investments | |||||
| Receivables | 2,990 | ||||
| Prepaid expense | 467 | ||||
| Deposits current assets | 25,125 | ||||
| Other undisclosed current assets | 3,897 | ||||
| Total current assets: | 46,498 | 1,809 | |||
| Noncurrent Assets | |||||
| Operating lease, right-of-use asset | 1,278 | ||||
| Long-term investments and receivables | 154 | ||||
| Long-term investments | 154 | ||||
| Intangible assets, net (including goodwill) | 2,026 | ||||
| Goodwill | 635 | ||||
| Intangible assets, net (excluding goodwill) | 1,391 | ||||
| Derivative instruments and hedges | 2,982 | ||||
| Deposits noncurrent assets | 15,691 | ||||
| Asset, held-in-trust | 285,582 | ||||
| Restricted cash and investments | 2,237 | ||||
| Other undisclosed noncurrent assets | 846 | ||||
| Total noncurrent assets: | 25,214 | 285,582 | |||
| TOTAL ASSETS: | 71,712 | 287,391 | |||
| LIABILITIES AND EQUITY | |||||
| Liabilities | |||||
| Current Liabilities | |||||
| Accounts payable and accrued liabilities, including: | 9,864 | 906 | |||
| Accrued liabilities | 906 | ||||
| Other undisclosed accounts payable and accrued liabilities | 9,864 | ||||
| Deferred revenue | 12,857 | ||||
| Financial instruments subject to mandatory redemption, settlement terms, share value, amount | 4,250 | ||||
| Other undisclosed current liabilities | 20,666 | ||||
| Total current liabilities: | 47,637 | 906 | |||
| Noncurrent Liabilities | |||||
| Long-term debt and lease obligation | 8,054 | ||||
| Long-term debt, excluding current maturities | 8,054 | ||||
| Liabilities, other than long-term debt | 1,270 | ||||
| Deferred income tax liabilities | 305 | ||||
| Operating lease, liability | 965 | ||||
| Total noncurrent liabilities: | 9,324 | ||||
| Total liabilities: | 56,961 | 906 | |||
| Temporary equity, carrying amount | 284,449 | ||||
| Equity | |||||
| Equity, attributable to parent, including: | 14,751 | 2,037 | |||
| Common stock | 3 | ||||
| Additional paid in capital | 78,410 | ||||
| Retained earnings (accumulated deficit) | (63,662) | 2,036 | |||
| Other undisclosed equity, attributable to parent | 1 | ||||
| Total equity: | 14,751 | 2,037 | |||
| TOTAL LIABILITIES AND EQUITY: | 71,712 | 287,391 | |||
Income Statement (P&L) ($ in thousands)
| 3/31/2024 TTM | 12/31/2023 | 12/31/2022 | ||
|---|---|---|---|---|
| Revenues | 73,338 | |||
| Cost of revenue | (82,025) | |||
| Gross profit: | (8,687) | |||
| Operating expenses | (28,822) | (1,737) | ||
| Other undisclosed operating loss | ||||
| Operating loss: | (37,509) | (1,737) | ||
| Nonoperating income (expense) | (15,311) | 4,061 | ||
| Investment income, nonoperating | 1,270 | 4,061 | ||
| Income (loss) from continuing operations before income taxes: | (52,820) | 2,324 | ||
| Income tax expense (benefit) | (2) | (773) | ||
| Net income (loss) available to common stockholders, diluted: | (52,822) | 1,551 | ||
Comprehensive Income ($ in thousands)
| 3/31/2024 TTM | 12/31/2023 | 12/31/2022 | ||
|---|---|---|---|---|
| Net income (loss): | (52,822) | 1,551 | ||
| Comprehensive income (loss), net of tax, attributable to parent: | (52,822) | 1,551 | ||
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.