Fortress Transportation and Infrastructure Investors LLC (FTAI) financial statements (2021 and earlier)

Company profile

Business Address 1345 AVENUE OF THE AMERICAS
NEW YORK, NY 10105
State of Incorp.
Fiscal Year End December 31
SIC 735 - Miscellaneous Equipment Rental And Leasing (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1222271005968382
Cash and cash equivalents1222271005968382
Inventory, net of allowances, customer advances and progress billings   9  
Inventory   9  
Derivative instruments and hedges, assets   1  
Total current assets:1222271006968382
Noncurrent Assets
Operating lease, right-of-use asset6237
Property, plant and equipment964732709490352300
Long-term investments and receivables14718141434011
Long-term investments14718141434011
Intangible assets, net (including goodwill)142150155157156161
Goodwill123123117117117117
Intangible assets, net (excluding goodwill)192839403944
Regulated entity, other noncurrent assets361815116 
Total noncurrent assets:1,3511,119919701554471
Other undisclosed assets1,9151,8921,6201,186925797
TOTAL ASSETS:3,3883,2372,6391,9561,5471,650
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt25182721,407825
Total current liabilities:25182721,407825
Noncurrent Liabilities
Other undisclosed liabilities2,2641,7161,513(486)374334
Total liabilities:2,2891,8981,585921382359
Stockholders' equity
Stockholders' equity attributable to parent1,0771,3029979471,0541,166
Preferred stock00    
Common stock111111
Additional paid in capital1,1301,1101,0299851,0851,184
Accumulated other comprehensive income (loss)(26)0  70
Retained earnings (accumulated deficit)(28)190(33)(39)(39)(19)
Other undisclosed stockholders' equity23375688112124
Total stockholders' equity:1,0991,3391,0541,0351,1661,291
TOTAL LIABILITIES AND EQUITY:3,3883,2372,6391,9561,5471,650

Income statement (P&L) ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues366579380218149137
Revenue, net218149137
Cost of revenue(4)(5)(234)(165)(115)(93)
Cost of goods and services sold(4)(5)(9)(5)(4)(4)
Gross profit:362574146533444
Operating expenses  (168)(92)(66)(69)
Operating income (loss):362574(22)(39)(32)(25)
Nonoperating income (expense)(17)200718(8)(3)
Other nonoperating income034310
Interest and debt expense(98)(96)(58)(39)(19)(19)
Income (loss) from continuing operations before equity method investments, income taxes:247678(72)(60)(59)(47)
Other undisclosed income (loss) from continuing operations before income taxes(358)(526)58391919
Income (loss) from continuing operations before income taxes:(111)152(14)(21)(40)(28)
Income tax expense (benefit)6(18)(1)(2)(0)(1)
Income (loss) from continuing operations:(105)134(16)(23)(41)(29)
Income from discontinued operations173    
Net income (loss):(104)208(16)(23)(41)(29)
Net income attributable to noncontrolling interest  22232117
Other undisclosed net income (loss) attributable to parent(1)15    
Net income (loss) available to common stockholders, diluted:(105)22360(20)(12)

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income (loss):(104)208(16)(23)(41)(29)
Other comprehensive income (loss)(27)0 (7)7(0)
Comprehensive income (loss):(130)208(16)(30)(34)(29)
Comprehensive income, net of tax, attributable to noncontrolling interest  22232117
Other undisclosed comprehensive income, net of tax, attributable to parent1717    
Comprehensive income (loss), net of tax, attributable to parent:(114)2256(7)(13)(12)

Statements sources

The financial statements are based on the company's filings with the 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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