Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 87,695 $ 147,188
Accounts receivable, net of allowance for doubtful accounts of $1,074 as of March 31, 2023 and December 31, 2022 36,269 28,273
Inventory:    
Aircraft, airframes, engines, and parts, net 146,408 117,488
Advance vendor payments 29,008 27,585
Deposits, prepaid expenses, and other current assets 27,040 13,022
Total current assets 326,420 333,556
Fixed assets:    
Aircraft and engines held for lease, net 33,555 31,288
Property and equipment, net 13,481 12,638
Inventory:    
Aircraft, airframes, engines, and parts, net 77,259 66,042
Deferred income taxes 11,215 11,287
Deferred financing costs, net 432 544
Deferred customer incentives and other assets, net 560 628
Goodwill 19,860 19,860
Other intangible assets, net 23,587 24,112
Total assets 537,321 531,579
Current liabilities:    
Accounts payable 35,148 21,131
Accrued expenses 5,373 8,843
Lessee and customer purchase deposits 9,100 17,085
Deferred revenue 2,698 1,355
Total current liabilities 56,919 52,840
Long-term lease deposits 152 152
Maintenance deposit payments and other liabilities 75 668
Warrant liability 4,990 4,656
Total liabilities 89,675 86,599
Commitments and contingencies
Stockholders' equity:    
Common stock, $0.0001 par value. Authorized 200,000,000 shares; issued and outstanding 51,221,386 and 51,189,461 shares as of March 31, 2023 and December 31, 2022, respectively 5 5
Additional paid-in capital 308,802 306,141
Retained earnings 138,839 138,834
Total stockholders' equity 447,646 444,980
Total liabilities and stockholders' equity $ 537,321 $ 531,579