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Midas Edge

FLYEXCLUSIVE INC

For the period ended Jun 30, 2024. Filed Aug 14, 2024.

View on SEC.gov

About this filing

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.

Jun 30, 2024 · Filed Aug 14, 2024

FLYX$1.11-4.3%Stored close · as of Nov 10, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

See the whole filing, with its images and exhibits
Contents

Condensed Consolidated Balance Sheets (Unaudited)

(in thousands, except share amounts)June 30,2024December 31,2023
ASSETS
Current assets
Cash and cash equivalents$9,339$11,626
Accounts receivable, net1,037849
Other receivables5,5264,460
Due from related parties, current portion1,7701,911
Notes receivable, current portion155301
Parts and supplies inventory6,0505,142
Investments in securities69,43171,230
Prepaid engine overhauls, current portion14,49814,522
Aircraft held for sale, current portion15,227—
Prepaid expenses and other current assets5,3946,752
Total current assets128,427116,793
Notes receivable, non-current portion, net6,14821,177
Property and equipment, net251,476253,976
Aircraft held for sale, non-current portion6,744—
Operating lease right-of-use assets68,20584,649
Intangible assets, net1,9072,234
Prepaid engine overhauls, non-current portion31,07241,531
Other non-current assets743670
Total assets$494,722$521,030

Condensed Consolidated Balance Sheets (Unaudited) (continued)

(in thousands, except share amounts)June 30,2024December 31,2023
LIABILITIES AND STOCKHOLDERS’ (DEFICIT) / MEMBERS' EQUITY
Current liabilities
Accounts payable$30,682$30,172
Excise tax payable1,0321,032
Long-term notes payable, current portion22,75326,471
Deferred revenue, current portion79,38683,914
Operating lease liabilities, current portion15,22117,907
Other current liabilities24,44528,705
Short-term notes payable6,15914,396
Short-term notes payable - related party22,29518,939
Total current liabilities201,973221,536
Long-term notes payable, non-current portion183,560166,818
Long-term notes payable - related party, non-current portion21,867—
Operating lease liabilities, non-current portion54,01768,100
Deferred revenue, non-current portion11,75710,026
Warrant liabilities5,2262,508
Other non-current liabilities23,10216,712
Total liabilities$501,502$485,700
Commitments and contingencies (Note 23)
Temporary equity
Redeemable noncontrolling interest108,982(35,525)
Series A preferred stock, par value $0.0001; 25,000,000 shares authorized and 25,000 shares issued and outstanding21,618—
Stockholders' equity (deficit)
Accumulated other comprehensive loss(262)(69)
Class A common stock; par value $0.0001; 200,000,000 and 200,000,000 shares authorized; 17,899,586 and 16,647,529 shares issued and outstanding, respectively22
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, respectively66
Additional paid-in capital—126,978
Accumulated deficit(149,451)(80,456)
Total flyExclusive stockholders’ (deficit) / equity(149,705)46,461
Noncontrolling interests12,32524,394
Total stockholders’ (deficit) / equity(137,380)70,855
Total liabilities, temporary equity and stockholders' / members' equity$494,722$521,030
ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.