Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

v3.21.1
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2021
Dec. 31, 2020
Current Assets:    
Cash and cash equivalents $ 19,609 $ 29,317
Accounts receivable, net of allowance for doubtful accounts of $1,442 and $1,652 as of March 31, 2021 and December 31, 2020 48,510 50,215
Inventory:    
Aircraft, airframes, engines, and parts, net 99,299 85,192
Advanced vendor payments 10,719 6,205
Due from related party   474
Deposits, prepaid expenses and other current assets 5,609 7,560
Total current assets 183,746 178,963
Fixed assets:    
Aircraft and engines held for lease, net 82,332 86,844
Property and equipment, net 7,771 7,839
Inventory:    
Aircraft, airframes, engines, and parts 65,943 55,463
Deferred income taxes 5,992 5,708
Deferred financing costs, net 1,268 367
Deferred customer incentives and other assets, net 271 271
Due from related party 5,421 5,450
Goodwill 19,860 19,860
Other intangible assets, net 27,839 28,364
Total assets 400,443 389,129
Current liabilities:    
Accounts payable 19,221 16,364
Accrued expenses 8,207 8,576
Income tax payable 1,329 1,324
Lessee and customer purchase deposits 1,480 2,820
Deferred revenue 818 2,595
Total current liabilities 31,055 31,679
Long-term lease deposits 2,485 1,145
Maintenance deposit payments and other liabilities 3,744 3,664
Warrant liability 1,410 1,186
Total liabilities 38,694 37,674
Commitments and contingencies
Stockholders' equity:    
Common stock, $0.0001 par value. Authorized 200,000,000 shares; issued and outstanding 42,949,261 and 41,046,216 shares 4 4
Additional paid-in capital 292,869 292,593
Retained earnings 68,876 58,858
Total equity 361,749 351,455
Total liabilities and stockholders' equity $ 400,443 $ 389,129