Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

v3.22.2.2
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents $ 151,378 $ 130,188
Accounts receivable, net of allowance for doubtful accounts of $1,272 and $1,692 as of September 30, 2022 and December 31, 2021 39,219 42,571
Inventory:    
Aircraft, airframes, engines, and parts, net 107,150 81,759
Advance vendor payments 24,384 14,287
Deposits, prepaid expenses, and other current assets 3,471 2,724
Total current assets 325,602 271,529
Fixed assets:    
Aircraft and engines held for lease, net 33,118 73,364
Property and equipment, net 11,963 7,350
Inventory:    
Aircraft, airframes, engines, and parts, net 80,435 77,534
Deferred income taxes 12,852 10,013
Deferred financing costs, net 659 999
Deferred customer incentives and other assets, net 628 598
Goodwill 19,860 19,860
Other intangible assets, net 24,647 26,238
Total assets 509,764 487,485
Current liabilities:    
Accounts payable 22,050 19,967
Accrued expenses 7,829 8,424
Income tax payable 1,239 3,443
Lessee and customer purchase deposits 10,116 33,212
Deferred revenue 3,524 2,860
Total current liabilities 44,758 67,906
Long-term lease deposits 152 2,053
Maintenance deposit payments and other liabilities 1,624 3,403
Deferred income taxes, net 1,297 1,113
Warrant liability 6,012 4,131
Total liabilities 53,843 78,606
Commitments and contingencies
Stockholders' equity:    
Common stock, $0.0001 par value. Authorized 200,000,000 shares; issued and outstanding 51,774,665 and 51,673,099 shares as of September 30, 2022 and December 31, 2021, respectively 5 5
Additional paid-in capital 326,275 313,901
Retained earnings 129,641 94,973
Total stockholders' equity 455,921 408,879
Total liabilities and stockholders' equity $ 509,764 $ 487,485