Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents $ 197,240 $ 130,188
Accounts receivable, net of allowance for doubtful accounts of $1,272 and $1,692 as of June 30, 2022 and December 31, 2021 43,896 42,571
Inventory:    
Aircraft, airframes, engines, and parts, net 74,327 81,759
Advance vendor payments 20,994 14,287
Deposits, prepaid expenses, and other current assets 3,206 2,724
Total current assets 339,663 271,529
Fixed assets:    
Aircraft and engines held for lease, net 42,313 73,364
Property and equipment, net 10,052 7,350
Inventory:    
Aircraft, airframes, engines, and parts, net 67,083 77,534
Deferred income taxes 12,326 10,013
Deferred financing costs, net 774 999
Deferred customer incentives and other assets, net 478 598
Goodwill 19,860 19,860
Other intangible assets, net 25,183 26,238
Total assets 517,732 487,485
Current liabilities:    
Accounts payable 22,180 19,967
Accrued expenses 6,817 8,424
Income tax payable 7,537 3,443
Lessee and customer purchase deposits 6,437 33,212
Deferred revenue 7,207 2,860
Total current liabilities 50,178 67,906
Long-term lease deposits   2,053
Maintenance deposit payments and other liabilities 1,881 3,403
Deferred income taxes, net 1,113 1,113
Warrant liability 3,983 4,131
Total liabilities 57,155 78,606
Commitments and contingencies
Stockholders' equity:    
Common stock, $0.0001 par value. Authorized 200,000,000 shares; issued and outstanding 51,706,168 and 51,673,099 shares as of June 30, 2022 and December 31, 2021, respectively 5 5
Additional paid-in capital 321,918 313,901
Retained earnings 138,654 94,973
Total stockholders' equity 460,577 408,879
Total liabilities and stockholders' equity $ 517,732 $ 487,485