FTAI Financial Statements

Balance sheet, income statement, cash flow, and dividends for Ftai Aviation Ltd (FTAI).


$4.65B Market Cap.

As of 02/26/2024 5:00 PM ET (MRY) • Disclaimer

FTAI Market Cap. (MRY)


FTAI Shares Outstanding (MRY)


FTAI Assets (MRY)


Total Assets

$2.96B

Total Liabilities

$2.79B

Total Investments

$22.72M

FTAI Income (MRY)


Revenue

$1.17B

Net Income

$243.82M

Operating Expense

$218.93M

FTAI Cash Flow (MRY)


CF Operations

$128.98M

CF Investing

-$373.35M

CF Financing

$282.21M

FTAI Dividends (MRY)


Period

Dividends

Yield %

Growth %

Payout Ratio

Coverage Ratio

2023

$1.20

2.60%

-6.98%

56.60%

1.77

2022

$1.29

7.50%

-2.27%

-58.11%

-1.72

2021

$1.32

4.60%

0.00%

-92.31%

-1.08

2020

$1.32

5.60%

0.00%

-108.20%

-0.92

2019

$1.32

6.80%

-

50.97%

1.96

FTAI Balance Sheet (MRY)


Metric

2023

2022

2021

2020

Total Assets

$2,964,685,000 (22.02%)

$2,429,577,000 (-50.05%)

$4,863,854,000 (43.56%)

$3,387,977,000 (4.67%)

Assets Current

-

-

-

-

Assets Non-Current

-

-

-

-

Goodwill & Intangible Assets

$55,220,000 (31.62%)

$41,955,000 (35.50%)

$30,962,000 (-78.12%)

$141,521,000 (-5.86%)

Shareholders Equity

$175,349,000 (828.85%)

$18,878,000 (-98.32%)

$1,124,292,000 (4.42%)

$1,076,658,000 (-17.30%)

Property Plant & Equipment Net

$2,077,588,000 (8.01%)

$1,923,567,000 (1.57%)

$1,893,900,000 (-28.85%)

$2,661,977,000 (7.48%)

Cash & Equivalents

$90,906,000 (71.31%)

$53,065,000 (-61.60%)

$138,206,000 (-14.38%)

$161,418,000 (-33.44%)

Accumulated Other Comprehensive Income

$0 (0%)

$0 (0%)

-$156,381,000 (-496.03%)

-$26,237,000 (-7152.96%)

Deferred Revenue

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Total Investments

$22,722,000 (3.11%)

$22,037,000 (-3.84%)

$22,917,000 (-85.06%)

$153,442,000 (-18.76%)

Investments Current

-

-

-

-

Investments Non-Current

-

-

-

-

Inventory

$316,637,000 (93.45%)

$163,676,000 (63.18%)

$100,307,000 (0%)

$0 (0%)

Trade & Non-Trade Receivables

$115,156,000 (15.80%)

$99,443,000 (-20.40%)

$124,924,000 (36.24%)

$91,691,000 (85.35%)

Trade & Non-Trade Payables

$112,907,000 (30.60%)

$86,452,000 (-0.67%)

$87,035,000 (-23.10%)

$113,185,000 (-21.86%)

Accumulated Retained Earnings (Deficit)

-$81,785,000 (74.88%)

-$325,602,000 (-145.94%)

-$132,392,000 (-370.18%)

-$28,158,000 (-114.78%)

Tax Assets

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Tax Liabilities

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Total Debt

$2,517,343,000 (15.70%)

$2,175,727,000 (-13.03%)

$2,501,587,000 (27.19%)

$1,966,763,000 (34.90%)

Debt Current

-

-

-

-

Debt Non-Current

-

-

-

-

Total Liabilities

$2,788,802,000 (15.71%)

$2,410,175,000 (-35.55%)

$3,739,754,000 (63.40%)

$2,288,656,000 (20.58%)

Liabilities Current

-

-

-

-

Liabilities Non-Current

-

-

-

-

FTAI Income Statement (MRY)


Metric

2023

2022

2021

2020

Revenues

$1,170,896,000 (65.28%)

$708,411,000 (111.10%)

$335,583,000 (12.64%)

$297,934,000 (-48.52%)

Cost of Revenue

$612,295,000 (60.86%)

$380,649,000 (414.93%)

$73,923,000 (84.25%)

$40,121,000 (-86.24%)

Selling General & Administrative Expense

$31,737,000 (79.04%)

$17,726,000 (25.43%)

$14,132,000 (-27.72%)

$19,552,000 (-63.08%)

Research & Development Expense

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Operating Expenses

$218,929,000 (-31.81%)

$321,069,000 (68.77%)

$190,246,000 (-7.05%)

$204,684,000 (-16.23%)

Interest Expense

$161,639,000 (-4.47%)

$169,194,000 (9.15%)

$155,017,000 (77.28%)

$87,442,000 (-8.52%)

Income Tax Expense

-$59,800,000 (-1228.30%)

$5,300,000 (69.55%)

$3,126,000 (171.98%)

-$4,343,000 (-124.39%)

Net Loss Income from Discontinued Operations

$0 (0%)

$101,416,000 (15.45%)

$87,845,000 (35.90%)

$64,641,000 (187.99%)

Consolidated Income

$243,817,000 (214.99%)

-$212,027,000 (-62.22%)

-$130,706,000 (-26.05%)

-$103,692,000 (-149.90%)

Net Income to Non-Controlling Interests

$0 (0%)

$8,347,000 (586.99%)

-$1,714,000 (-227.25%)

$1,347,000 (107.78%)

Net Income

$243,817,000 (210.64%)

-$220,374,000 (-70.84%)

-$128,992,000 (-22.80%)

-$105,039,000 (-146.66%)

Preferred Dividends Income Statement Impact

$31,795,000 (17.05%)

$27,164,000 (9.72%)

$24,758,000 (38.55%)

$17,869,000 (872.20%)

Net Income Common Stock

$212,022,000 (185.65%)

-$247,538,000 (-61.00%)

-$153,750,000 (-25.09%)

-$122,908,000 (-155.05%)

Weighted Average Shares

$99,908,214 (0.49%)

$99,421,008 (10.56%)

$89,922,088 (4.54%)

$86,015,702 (0.03%)

Weighted Average Shares Diluted

$100,425,777 (1.01%)

$99,421,008 (10.56%)

$89,922,088 (4.54%)

$86,015,702 (-0.02%)

Earning Before Interest & Taxes (EBIT)

$345,656,000 (853.39%)

-$45,880,000 (-257.39%)

$29,151,000 (232.87%)

-$21,940,000 (-106.48%)

Gross Profit

$558,601,000 (70.43%)

$327,762,000 (25.26%)

$261,660,000 (1.49%)

$257,813,000 (-10.23%)

Operating Income

$339,672,000 (4975.03%)

$6,693,000 (-90.63%)

$71,414,000 (34.42%)

$53,129,000 (23.94%)

FTAI Cash Flow Statement (MRY)


Metric

2023

2022

2021

2020

Net Cash Flow from Investing

-$373,349,000 (9.22%)

-$411,253,000 (68.04%)

-$1,286,958,000 (-152.78%)

-$509,123,000 (-2.80%)

Net Cash Flow from Financing

$282,208,000 (528.33%)

$44,914,000 (-97.17%)

$1,587,645,000 (335.07%)

$364,918,000 (-21.67%)

Net Cash Flow from Operations

$128,982,000 (724.40%)

-$20,657,000 (6.29%)

-$22,044,000 (-134.93%)

$63,106,000 (-58.22%)

Net Cash Flow / Change in Cash & Cash Equivalents

$37,841,000 (109.78%)

-$386,996,000 (-238.89%)

$278,643,000 (443.58%)

-$81,099,000 (-166.65%)

Net Cash Flow - Business Acquisitions and Disposals

-$73,069,000 (-309.72%)

-$17,834,000 (97.44%)

-$695,403,000 (-5235.71%)

-$13,033,000 (-109.21%)

Net Cash Flow - Investment Acquisitions and Disposals

-$2,987,000 (-234.13%)

$2,227,000 (185.23%)

-$2,613,000 (-118.90%)

$13,823,000 (-7.56%)

Capital Expenditure

-$276,329,000 (24.19%)

-$364,519,000 (35.47%)

-$564,925,000 (-10.36%)

-$511,910,000 (21.52%)

Issuance (Repayment) of Debt Securities

$334,485,000 (195.80%)

-$349,156,000 (-127.11%)

$1,288,157,000 (179.71%)

$460,541,000 (31.78%)

Issuance (Purchase) of Equity Shares

$5,000 (0%)

$0 (0%)

$323,124,000 (0%)

$0 (0%)

Payment of Dividends & Other Cash Distributions

-$119,847,000 (6.72%)

-$128,483,000 (-8.88%)

-$118,009,000 (-3.91%)

-$113,572,000 (-0.03%)

Effect of Exchange Rate Changes on Cash

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Share Based Compensation

$1,638,000 (-37.55%)

$2,623,000 (-35.04%)

$4,038,000 (73.68%)

$2,325,000 (-72.33%)

Depreciation Amortization & Accretion

$169,877,000 (-12.09%)

$193,236,000 (-4.22%)

$201,756,000 (17.03%)

$172,400,000 (0.69%)

FTAI Financial Metrics (MRY)


Metric

2023

2022

2021

2020

Gross Margin

47.70% (3.02%)

46.30% (-40.64%)

78.00% (-9.83%)

86.50% (74.40%)

Profit Margin

18.10% (151.86%)

-34.90% (23.80%)

-45.80% (-10.90%)

-41.30% (-206.99%)

EBITDA Margin

44.00% (111.54%)

20.80% (-69.77%)

68.80% (36.24%)

50.50% (-42.68%)

Return on Average Equity (ROAE)

195.30% (398.17%)

-65.50% (-378.10%)

-13.70% (-33.01%)

-10.30% (-149.28%)

Return on Average Assets (ROAA)

8.00% (215.94%)

-6.90% (-86.49%)

-3.70% (0.00%)

-3.70% (-151.39%)

Return on Sales (ROS)

29.50% (553.85%)

-6.50% (-174.71%)

8.70% (217.57%)

-7.40% (-112.65%)

Return on Invested Capital (ROIC)

7.20% (1000.00%)

-0.80% (-260.00%)

0.50% (200.00%)

-0.50% (-106.41%)

Dividend Yield

2.60% (-65.33%)

7.50% (63.04%)

4.60% (-17.86%)

5.60% (-17.65%)

Price to Earnings Ratio (P/E)

21.89 (383.80%)

-7.71 (61.87%)

-20.22 (-5.17%)

-19.23 (-354.90%)

Price to Sales Ratio (P/S)

3.96 (64.75%)

2.4 (-68.99%)

7.75 (14.41%)

6.77 (133.31%)

Price to Book Ratio (P/B)

26.52 (-70.57%)

90.12 (3432.89%)

2.55 (36.71%)

1.87 (46.47%)

Debt to Equity Ratio (D/E)

15.9 (-87.54%)

127.67 (3738.57%)

3.33 (56.44%)

2.13 (45.82%)

Earnings Per Share (EPS)

2.12 (195.50%)

-2.22 (-55.24%)

-1.43 (-17.21%)

-1.22 (-147.10%)

Sales Per Share (SPS)

11.72 (64.49%)

7.13 (90.92%)

3.73 (7.74%)

3.46 (-48.54%)

Free Cash Flow Per Share (FCFPS)

-1.48 (61.93%)

-3.87 (40.66%)

-6.53 (-25.11%)

-5.22 (10.48%)

Book Value Per Share (BVPS)

1.75 (823.68%)

0.19 (-98.48%)

12.5 (-0.11%)

12.52 (-17.32%)

Tangible Assets Book Value Per Share (TABVPS)

29.12 (21.26%)

24.02 (-55.32%)

53.74 (42.40%)

37.74 (5.15%)

Enterprise Value Over EBIT (EV/EBIT)

20 (125.00%)

-80 (-142.55%)

188 (211.24%)

-169 (-1977.78%)

Enterprise Value Over EBITDA (EV/EBITDA)

13.34 (-46.19%)

24.79 (4.71%)

23.68 (-3.96%)

24.65 (300.96%)

Asset Turnover

0.44 (124.87%)

0.2 (146.25%)

0.08 (-11.11%)

0.09 (-51.87%)

Current Ratio

-

-

-

-

Dividends

$1.2 (-6.98%)

$1.29 (-2.27%)

$1.32 (0.00%)

$1.32 (0.00%)

Free Cash Flow (FCF)

-$147,347,000 (61.75%)

-$385,176,000 (34.38%)

-$586,969,000 (-30.79%)

-$448,804,000 (10.46%)

Enterprise Value (EV)

$6,877,497,680 (88.26%)

$3,653,171,560 (-33.18%)

$5,466,969,734 (47.40%)

$3,708,954,245 (18.36%)

Earnings Before Tax (EBT)

$184,017,000 (185.56%)

-$215,074,000 (-70.88%)

-$125,866,000 (-15.07%)

-$109,382,000 (-145.03%)

Earnings Before Interest Taxes & Depreciation Amortization (EBITDA)

$515,533,000 (249.86%)

$147,356,000 (-36.18%)

$230,907,000 (53.47%)

$150,460,000 (-70.48%)

Invested Capital

$5,335,902,000 (18.31%)

$4,510,284,000 (-37.32%)

$7,196,273,000 (42.45%)

$5,051,801,000 (17.43%)

Working Capital

-

-

-

-

Tangible Asset Value

$2,909,465,000 (21.86%)

$2,387,622,000 (-50.60%)

$4,832,892,000 (48.87%)

$3,246,456,000 (5.18%)

Market Capitalization

$4,651,046,680 (173.37%)

$1,701,364,560 (-40.68%)

$2,868,296,734 (42.80%)

$2,008,578,245 (21.07%)

Average Equity

$108,573,250 (-71.26%)

$377,805,000 (-66.22%)

$1,118,586,250 (-5.88%)

$1,188,506,000 (11.30%)

Average Assets

$2,641,386,750 (-26.36%)

$3,587,051,750 (-14.04%)

$4,173,091,000 (26.20%)

$3,306,847,250 (6.60%)

Invested Capital Average

$4,811,054,750 (-19.88%)

$6,004,703,750 (-4.01%)

$6,255,532,250 (30.99%)

$4,775,742,500 (10.06%)

Shares

100,238,075 (0.86%)

99,378,771 (0.20%)

99,180,385 (15.84%)

85,617,146 (0.84%)