v3.24.2.u1
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2024
Dec. 31, 2023
Current assets    
Cash and cash equivalents $ 9,339 $ 11,626
Other receivables 5,526 4,460
Notes receivable, current portion 155 301
Parts and supplies inventory 6,050 5,142
Investments in securities 69,431 71,230
Prepaid engine overhauls, current portion 14,498 14,522
Aircraft held for sale, current portion 15,227 0
Prepaid expenses and other current assets 5,394 6,752
Total current assets 128,427 116,793
Notes receivable, non-current portion, net 6,148 21,177
Property and equipment, net 251,476 253,976
Aircraft held for sale, non-current portion 6,744 0
Operating lease right-of-use assets 68,205 84,649
Intangible assets, net 1,907 2,234
Prepaid engine overhauls, non-current portion 31,072 41,531
Other non-current assets 743 670
Total assets 494,722 521,030
Current liabilities    
Accounts payable 30,682 30,172
Excise tax payable 1,032 1,032
Long-term notes payable, current portion 22,753 26,471
Deferred revenue, current portion 79,386 83,914
Operating lease liabilities, current portion 15,221 17,907
Other current liabilities 24,445 28,705
Total current liabilities 201,973 221,536
Operating lease liabilities, non-current portion 54,017 68,100
Deferred revenue, non-current portion 11,757 10,026
Warrant liabilities 5,226 2,508
Other non-current liabilities 23,102 16,712
Total liabilities 501,502 485,700
Commitments and contingencies (Note 23)
Temporary equity    
Redeemable noncontrolling interest 108,982 (35,525)
Series A preferred stock, par value $0.0001; 25,000,000 shares authorized and 25,000 shares issued and outstanding 21,618 0
Stockholders' equity (deficit)    
Accumulated other comprehensive loss (262) (69)
Additional paid-in capital 0 126,978
Accumulated deficit (149,451) (80,456)
Total flyExclusive stockholders’ (deficit) / equity (149,705) 46,461
Noncontrolling interests 12,325 24,394
Total stockholders’ (deficit) / equity (137,380) 70,855
Total liabilities, temporary equity and stockholders' / members' equity 494,722 521,030
Class A Common stock    
Stockholders' equity (deficit)    
Common stock 2 2
Class B Common stock    
Stockholders' equity (deficit)    
Common stock 6 6
Nonrelated Party    
Current assets    
Accounts receivable, net 1,037 849
Current liabilities    
Short-term notes payable 6,159 14,396
Long-term notes payable, non-current portion 183,560 166,818
Related Party    
Current assets    
Accounts receivable, net 1,770 1,911
Current liabilities    
Accounts payable 1,020 1,047
Short-term notes payable 22,295 18,939
Long-term notes payable, non-current portion $ 21,867 $ 0

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