Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

v3.23.2
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 34,644 $ 147,188
Accounts receivable, net of allowance for credit losses of $979 and $1,074 as of June 30, 2023 and December 31, 2022 31,888 28,273
Inventory:    
Aircraft, airframes, engines, and parts, net 198,023 117,488
Advance vendor payments 35,688 27,585
Deposits, prepaid expenses, and other current assets 12,101 13,022
Total current assets 312,344 333,556
Fixed assets:    
Aircraft and engines held for lease, net 25,545 31,288
Property and equipment, net 22,892 12,638
Inventory:    
Aircraft, airframes, engines, and parts, net 102,664 66,042
Operating lease right-of-use assets 29,689 31,624
Deferred income taxes 13,016 11,287
Deferred financing costs, net 319 544
Deferred customer incentives and other assets, net 550 628
Goodwill 19,860 19,860
Other intangible assets, net 23,057 24,112
Total assets 549,936 531,579
Current liabilities:    
Accounts payable 26,088 21,131
Accrued expenses 5,546 8,843
Lessee and customer purchase deposits 23,615 17,085
Current operating lease liabilities 4,586 4,426
Deferred revenue 3,074 1,355
Total current liabilities 62,909 52,840
Long-term debt 8,559  
Long-term lease deposits 152 152
Long-term operating lease liabilities 26,387 28,283
Maintenance deposit payments and other liabilities 68 668
Warrant liability 3,597 4,656
Total liabilities 101,672 86,599
Commitments and contingencies
Stockholders' equity:    
Common stock, $0.0001 par value. Authorized 200,000,000 shares; issued and outstanding 51,250,407 and 51,189,461 shares as of June 30, 2023 and December 31, 2022 5 5
Additional paid-in capital 312,108 306,141
Retained earnings 136,151 138,834
Total stockholders' equity 448,264 444,980
Total liabilities and stockholders' equity $ 549,936 $ 531,579