Bridger Aerospace Group Holdings Inc
For the period ended Mar 31, 2024. Filed May 14, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2024 · Filed May 14, 2024
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Balance Sheets
($s in thousands, except par value amounts)
| As ofMarch 31, 2024 | As ofDecember 31, 2023 | |
|---|---|---|
| ASSETS | ||
| Current assets: | ||
| Cash and cash equivalents | $6,776 | $22,956 |
| Restricted cash | 9,289 | 13,981 |
| Investments in marketable securities | — | 1,009 |
| Accounts and note receivable1 | 4,926 | 4,113 |
| Aircraft support parts | 476 | 488 |
| Prepaid expenses and other current assets | 3,740 | 2,648 |
| Total current assets | 25,207 | 45,195 |
| Property, plant and equipment, net | 195,871 | 196,611 |
| Intangible assets, net | 2,016 | 1,730 |
| Goodwill | 13,163 | 13,163 |
| Other noncurrent assets2 | 16,174 | 16,771 |
| Total assets | $252,431 | $273,470 |
| LIABILITIES, MEZZANINE EQUITY AND STOCKHOLDERS’ DEFICIT | ||
| Current liabilities: | ||
| Accounts payable3 | $3,932 | $3,978 |
| Accrued expenses and other current liabilities4 | 11,955 | 17,168 |
| Operating right-of-use current liability5 | 2,153 | 2,153 |
| Current portion of long-term debt, net of debt issuance costs | 2,028 | 2,099 |
| Total current liabilities | 20,068 | 25,398 |
| Long-term accrued expenses and other noncurrent liabilities | 10,492 | 10,777 |
| Operating right-of-use noncurrent liability6 | 5,395 | 5,779 |
| Long-term debt, net of debt issuance costs7 | 204,115 | 204,585 |
| Total liabilities | $240,070 | $246,539 |
| COMMITMENTS AND CONTINGENCIES | ||
| MEZZANINE EQUITY | ||
| Series A Preferred Stock, $0.0001 par value; 315,789.473684 shares authorized, issued and outstanding at March 31, 2024 and December 31, 2023 | 361,029 | 354,840 |
| STOCKHOLDERS’ DEFICIT | ||
| Common Stock, $0.0001 par value; 1,000,000,000 shares authorized; 44,842,587 shares issued and outstanding at March 31, 2024; 44,776,926 shares issued and outstanding at December 31, 2023 | 5 | 5 |
| Additional paid-in capital | 83,953 | 84,771 |
| Accumulated deficit | (433,759) | (413,672) |
| Accumulated other comprehensive income | 1,133 | 987 |
| Total stockholders’ deficit | (348,668) | (327,909) |
| Total liabilities, mezzanine equity, and stockholders’ deficit | $252,431 | $273,470 |
1 Includes related party accounts receivable of $0.1 million as of March 31, 2024.
2 Includes related party operating lease right-of-use assets of $6.0 million and $6.3 million as of March 31, 2024 and December 31, 2023, respectively.
3 Includes related party accounts payable of $0.6 million and $0.1 million as of March 31, 2024 and December 31, 2023, respectively.
4 Includes related party accrued interest expense of $0.1 million and $0.4 million as of March 31, 2024 and December 31, 2023, respectively.
5 Includes related party operating lease right-of-use current liabilities of $1.7 million as of March 31, 2024 and December 31, 2023.
6 Includes related party operating lease right-of-use noncurrent liabilities of $4.3 million and $4.6 million as of March 31, 2024 and December 31, 2023, respectively.
7 Includes related party debt of $10.0 million as of March 31, 2024 and December 31, 2023.
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