v3.25.1
Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2024
Dec. 31, 2023
Current assets    
Cash and cash equivalents $ 31,694 $ 11,626
Other receivables 7,140 4,460
Notes receivable, current portion 0 301
Parts and supplies inventory 5,658 5,142
Investments in securities 65,541 71,230
Prepaid engine overhauls, current portion 13,710 14,522
Aircraft held for sale, current portion 7,786 0
Prepaid expenses and other current assets 7,771 6,752
Total current assets 143,969 116,793
Notes receivable, non-current portion, net 3,700 21,177
Property and equipment, net 259,874 253,976
Aircraft held for sale, non-current portion 4,085 0
Operating lease right-of-use assets 68,970 84,649
Finance lease right-of-use assets 15,680 0
Intangible assets, net 1,600 2,234
Prepaid engine overhauls, non-current portion 39,408 41,531
Other non-current assets 1,004 670
Total assets 538,290 521,030
Current liabilities    
Excise tax payable 1,188 1,032
Long-term notes payable, current portion 84,883 26,471
Deferred revenue, current portion 128,905 83,914
Operating lease liabilities, current portion 15,617 17,907
Finance lease liabilities, current portion 1,282 0
Other current liabilities 29,944 28,705
Total current liabilities 294,753 221,536
Operating lease liabilities, non-current portion 54,611 68,100
Finance lease liabilities, non-current portion 5,708 0
Deferred revenue, non-current portion 20,612 10,026
Warrant liabilities 3,014 2,508
Other non-current liabilities 30,342 16,712
Total liabilities 549,962 485,700
Temporary equity    
Redeemable noncontrolling interest 159,514 (35,525)
Stockholders' (deficit)/equity    
Accumulated other comprehensive loss (56) (69)
Additional paid-in capital 9,618 126,978
Accumulated deficit (244,177) (80,456)
Total flyExclusive stockholders’ (deficit) / equity (234,607) 46,461
Noncontrolling interests 24,549 24,394
Total stockholders’ (deficit) / equity (210,058) 70,855
Total liabilities, temporary equity and stockholders' / members equity 538,290 521,030
Series A Preferred Stock    
Temporary equity    
Preferred stock 23,799 0
Series B Preferred stock    
Temporary equity    
Preferred stock 15,073 0
Common Class A    
Stockholders' (deficit)/equity    
Common stock 2 2
Common Class B    
Stockholders' (deficit)/equity    
Common stock 6 6
Nonrelated Party    
Current assets    
Accounts receivable, net 2,024 849
Current liabilities    
Accounts payable 20,295 30,172
Short-term notes payable 5,962 14,396
Long-term notes payable, non-current portion 104,027 166,818
Related Party    
Current assets    
Accounts receivable, net 2,645 1,911
Current liabilities    
Short-term notes payable 6,677 18,939
Long-term notes payable, non-current portion $ 36,895 $ 0

Source