FLYEXCLUSIVE INC
For the period ended Mar 31, 2024. Filed Aug 12, 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 Aug 12, 2024
FLYX$1.11-4.3%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Balance Sheets (Unaudited)
| (in thousands, except share amounts) | March 31,2024 | December 31,2023 |
|---|---|---|
| ASSETS | ||
| Current assets | ||
| Cash and cash equivalents | $5,349 | $11,626 |
| Accounts receivable, net | 600 | 849 |
| Other receivables | 5,140 | 4,460 |
| Due from related parties, current portion | 1,980 | 1,911 |
| Notes receivable, current portion | 153 | 301 |
| Parts and supplies inventory | 5,389 | 5,142 |
| Investments in securities | 71,418 | 71,230 |
| Prepaid engine overhauls, current portion | 13,086 | 14,522 |
| Aircraft held for sale, current portion | 13,527 | — |
| Prepaid expenses and other current assets | 8,558 | 6,752 |
| Total current assets | 125,200 | 116,793 |
| Notes receivable, non-current portion, net | 6,187 | 21,177 |
| Property and equipment, net | 272,242 | 253,976 |
| Aircraft held for sale, non-current portion | 9,729 | — |
| Operating lease right-of-use assets | 73,727 | 84,649 |
| Intangible assets, net | 2,105 | 2,234 |
| Prepaid engine overhauls, non-current portion | 34,176 | 41,531 |
| Other non-current assets | 701 | 670 |
| Total assets | $524,067 | $521,030 |
Condensed Consolidated Balance Sheets (Unaudited) (continued)
| (in thousands, except share amounts) | March 31,2024 | December 31,2023 |
|---|---|---|
| LIABILITIES AND STOCKHOLDERS’ (DEFICIT) / MEMBERS' EQUITY | ||
| Current liabilities | ||
| Accounts payable | $32,082 | $30,172 |
| Excise tax payable | 1,032 | 1,032 |
| Long-term notes payable, current portion | 24,852 | 26,471 |
| Deferred revenue, current portion | 82,329 | 83,914 |
| Operating lease liabilities, current portion | 16,288 | 17,907 |
| Other current liabilities | 23,343 | 28,705 |
| Short-term notes payable | 6,293 | 14,396 |
| Short-term notes payable - related party | 21,527 | 18,939 |
| Total current liabilities | 207,746 | 221,536 |
| Long-term notes payable, non-current portion | 184,519 | 166,818 |
| Long-term notes payable - related party, non-current portion | 17,560 | — |
| Operating lease liabilities, non-current portion | 58,525 | 68,100 |
| Deferred revenue, non-current portion | 10,945 | 10,026 |
| Warrant liabilities | 4,362 | 2,508 |
| Other non-current liabilities | 18,921 | 16,712 |
| Total liabilities | $502,578 | $485,700 |
| Commitments and contingencies (Note 23) | ||
| Temporary equity | ||
| Redeemable noncontrolling interest | 135,140 | (35,525) |
| Series A preferred stock, par value $0.0001; 25,000,000 authorized and 25,000 shares authorized issued and outstanding, respectively | 20,646 | — |
| Stockholders' equity | ||
| Accumulated other comprehensive loss | (238) | (69) |
| Class A common stock; par value $0.0001; 200,000,000 and 200,000,000 shares authorized; 17,892,021 and 16,647,529 shares issued and outstanding, respectively | 2 | 2 |
| Class B common stock; par value $0.0001; 100,000,000 and 100,000,000 shares authorized; 59,930,000 and 59,930,000 shares issued and outstanding, respectively | 6 | 6 |
| Additional paid-in capital | — | 126,978 |
| Accumulated deficit | (149,279) | (80,456) |
| Total flyExclusive stockholders’ (deficit) / equity | (149,509) | 46,461 |
| Noncontrolling interests | 15,212 | 24,394 |
| Total stockholders’ (deficit) / equity | (134,297) | 70,855 |
| Total liabilities, temporary equity and stockholders' / members' equity | $524,067 | $521,030 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.