Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

v3.21.2
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2021
Dec. 31, 2020
Current assets:    
Cash and cash equivalents $ 61,852 $ 29,317
Accounts receivable, net of allowance for doubtful accounts of $1,408 and $1,652 as of September 30, 2021 and December 31, 2020 43,758 50,215
Inventory:    
Aircraft, airframes, engines, and parts, net 80,106 85,192
Advance vendor payments 9,407 6,205
Due from related party   474
Deposits, prepaid expenses, and other current assets 4,571 7,560
Total current assets 199,694 178,963
Fixed assets:    
Aircraft and engines held for lease, net 94,776 86,844
Property and equipment, net 7,404 7,839
Inventory:    
Aircraft, airframes, engines, and parts, net 77,974 55,463
Deferred income taxes 6,696 5,708
Deferred financing costs, net 1,114 367
Deferred customer incentives and other assets, net 277 271
Due from related party 5,421 5,450
Goodwill 19,860 19,860
Other intangible assets, net 26,773 28,364
Total assets 439,989 389,129
Current liabilities:    
Accounts payable 16,307 16,364
Accrued expenses 7,465 8,576
Income tax payable 298 1,324
Lessee and customer purchase deposits 16,972 2,820
Deferred revenue 2,958 2,595
Total current liabilities 44,000 31,679
Long-term lease deposits 2,517 1,145
Maintenance deposit payments and other liabilities 3,991 3,664
Warrant liability 3,921 1,186
Total liabilities 54,429 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 301,768 292,593
Retained earnings 83,788 58,858
Total equity 385,560 351,455
Total liabilities and stockholders' equity $ 439,989 $ 389,129