Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

v3.23.3
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 3,154 $ 147,188
Accounts receivable, net of allowance for credit losses of $979 and $1,074 as of September 30, 2023 and December 31, 2022 29,721 28,273
Income tax receivable 1,313  
Inventory:    
Aircraft, airframes, engines, and parts, net 200,807 117,488
Advance vendor payments 35,798 27,585
Deposits, prepaid expenses, and other current assets 15,335 13,022
Total current assets 286,128 333,556
Fixed assets:    
Aircraft and engines held for lease, net 30,096 31,288
Property and equipment, net 25,092 12,638
Inventory:    
Aircraft, airframes, engines, and parts, net 126,018 66,042
Operating lease right-of-use assets 28,445 31,624
Deferred income taxes 13,618 11,287
Deferred financing costs, net 1,589 544
Deferred customer incentives and other assets, net 535 628
Goodwill 19,860 19,860
Other intangible assets, net 22,521 24,112
Total assets 553,902 531,579
Current liabilities:    
Accounts payable 38,954 21,131
Accrued expenses 3,919 8,843
Lessee and customer purchase deposits 6,444 17,085
Current operating lease liabilities 4,578 4,426
Current portion of long-term debt 632  
Deferred revenue 2,393 1,355
Total current liabilities 56,920 52,840
Revolving credit facility 8,600  
Long-term debt 7,927  
Long-term lease deposits 152 152
Long-term operating lease liabilities 25,238 28,283
Maintenance deposit payments and other liabilities 151 668
Warrant liability 3,652 4,656
Total liabilities 102,640 86,599
Commitments and contingencies
Stockholders' equity:    
Common stock, $0.0001 par value. Authorized 200,000,000 shares; issued and outstanding 51,328,800 and 51,189,461 shares as of September 30, 2023 and December 31, 2022 5 5
Additional paid-in capital 315,254 306,141
Retained earnings 136,003 138,834
Total stockholders' equity 451,262 444,980
Total liabilities and stockholders' equity $ 553,902 $ 531,579