Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

v3.21.2
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2021
Dec. 31, 2020
Current assets:    
Cash and cash equivalents $ 41,808 $ 29,317
Accounts receivable, net of allowance for doubtful accounts of $1,441 and $1,652 as of June 30, 2021 and December 31, 2020 51,011 50,215
Income tax receivable 40  
Inventory:    
Aircraft, airframes, engines, and parts, net 110,436 85,192
Advance vendor payments 10,742 6,205
Due from related party   474
Deposits, prepaid expenses, and other current assets 2,448 7,560
Total current assets 216,485 178,963
Fixed assets:    
Aircraft and engines held for lease, net 74,899 86,844
Property and equipment, net 7,677 7,839
Inventory:    
Aircraft, airframes, engines, and parts, net 61,506 55,463
Deferred income taxes 5,992 5,708
Deferred financing costs, net 1,228 367
Deferred customer incentives and other assets, net 288 271
Due from related party 5,421 5,450
Goodwill 19,860 19,860
Other intangible assets, net 27,309 28,364
Total assets 420,665 389,129
Current liabilities:    
Accounts payable 16,392 16,364
Accrued expenses 6,268 8,576
Income tax payable 2,338 1,324
Lessee and customer purchase deposits 6,166 2,820
Deferred revenue 2,289 2,595
Total current liabilities 33,453 31,679
Long-term lease deposits 2,968 1,145
Maintenance deposit payments and other liabilities 3,980 3,664
Warrant liability 1,817 1,186
Total liabilities 42,218 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 293,019 292,593
Retained earnings 85,424 58,858
Total equity 378,447 351,455
Total liabilities and stockholders' equity $ 420,665 $ 389,129