Fortress Transportation and Infrastructure Investors LLC (FTAI) financial statements (2020 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)

9/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments991005968382
Cash and cash equivalents991005968382
Inventory, net of allowances, customer advances and progress billings19 9  
Inventory19 9  
Derivative instruments and hedges, assets  1  
Total current assets:1181006968382
Noncurrent Assets
Operating lease, right-of-use asset43
Property, plant and equipment945709490352300
Oil and gas property, successful effort method58    
Long-term investments and receivables5141434011
Long-term investments5141434011
Intangible assets, net (including goodwill)147155157156161
Goodwill117117117117117
Intangible assets, net (excluding goodwill)3039403944
Regulated entity, other noncurrent assets2115116 
Total noncurrent assets:1,265919701554471
Other undisclosed assets1,7521,6201,186925797
TOTAL ASSETS:3,1352,6391,9561,5471,650
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt189721,407825
Total current liabilities:189721,407825
Noncurrent Liabilities
Other undisclosed liabilities1,8401,513(486)374334
Total liabilities:2,0291,585921382359
Stockholders' equity
Stockholders' equity attributable to parent1,0619979471,0541,166
Preferred stock0    
Common stock11111
Additional paid in capital1,0271,0299851,0851,184
Accumulated other comprehensive income25  70
Retained earnings (accumulated deficit)7(33)(39)(39)(19)
Other undisclosed stockholders' equity455688112124
Total stockholders' equity:1,1061,0541,0351,1661,291
TOTAL LIABILITIES AND EQUITY:3,1352,6391,9561,5471,650

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

9/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues584380218149137
Revenue, net218149137
Cost of revenue(308)(234)(165)(115)(93)
Gross profit:276146533444
Operating expenses(315)(168)(92)(66)(69)
Operating loss:(39)(22)(39)(32)(25)
Nonoperating income (expense)64718(8)(3)
Other nonoperating income54310
Interest and debt expense(90)(58)(39)(19)(19)
Loss from continuing operations before equity method investments, income taxes:(65)(72)(60)(59)(47)
Other undisclosed income from continuing operations before income taxes9058391919
Income (loss) from continuing operations before income taxes:25(14)(21)(40)(28)
Income tax expense (benefit)1(1)(2)(0)(1)
Net income (loss):26(16)(23)(41)(29)
Net income attributable to noncontrolling interest1522232117
Net income (loss) available to common stockholders, diluted:4160(20)(12)

Comprehensive Income ($ in millions)

9/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income (loss):26(16)(23)(41)(29)
Other comprehensive income (loss)25 (7)7(0)
Comprehensive income (loss):52(16)(30)(34)(29)
Comprehensive income, net of tax, attributable to noncontrolling interest1522232117
Comprehensive income (loss), net of tax, attributable to parent:666(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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