v3.24.3
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2024
Dec. 31, 2023
Current assets    
Cash and cash equivalents $ 18,654 $ 11,626
Other receivables 6,257 4,460
Notes receivable, current portion 158 301
Parts and supplies inventory, net 5,978 5,142
Investments in securities 61,415 71,230
Prepaid engine overhauls, current portion 12,792 14,522
Aircraft held for sale, current portion 18,867 0
Prepaid expenses and other current assets 5,670 6,752
Total current assets 133,284 116,793
Notes receivable, non-current portion, net 6,120 21,177
Property and equipment, net 237,045 253,976
Aircraft held for sale, non-current portion 6,724 0
Operating lease right-of-use assets 66,387 84,649
Intangible assets, net 1,728 2,234
Prepaid engine overhauls, non-current portion 35,113 41,531
Other non-current assets 746 670
Total assets 487,147 521,030
Current liabilities    
Accounts payable 26,110 30,172
Excise tax payable 1,188 1,032
Long-term notes payable, current portion 81,359 26,471
Deferred revenue, current portion 87,542 83,914
Operating lease liabilities, current portion 14,748 17,907
Other current liabilities 26,677 28,705
Total current liabilities 266,141 221,536
Operating lease liabilities, non-current portion 52,663 68,100
Deferred revenue, non-current portion 12,674 10,026
Warrant liabilities 3,726 2,508
Other non-current liabilities 23,142 16,712
Total liabilities 496,177 485,700
Commitments and contingencies (Note 23)
Temporary equity    
Redeemable noncontrolling interest 135,033 (35,525)
Stockholders' equity (deficit)    
Accumulated other comprehensive income/(loss) 109 (69)
Additional paid-in capital 9,453 126,978
Accumulated deficit (201,590) (80,456)
Total flyExclusive stockholders’ (deficit) / equity (192,020) 46,461
Noncontrolling interests 11,315 24,394
Total stockholders’ (deficit) / equity (180,705) 70,855
Total liabilities, temporary equity and stockholders' / members' equity 487,147 521,030
Series A Preferred Stock    
Temporary equity    
Temporary equity, carrying amount 22,618 0
Series B Preferred stock    
Temporary equity    
Temporary equity, carrying amount 14,024 0
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 1,601 849
Current liabilities    
Short-term notes payable 6,062 14,396
Long-term notes payable, non-current portion 116,517 166,818
Related Party    
Current assets    
Accounts receivable, net 1,892 1,911
Current liabilities    
Accounts payable 314 0
Short-term notes payable 22,455 18,939
Long-term notes payable, non-current portion $ 21,314 $ 0

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