Bridger Aerospace Group Holdings Inc
For the period ended Sep 30, 2024. Filed Nov 13, 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.
Sep 30, 2024 · Filed Nov 13, 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 ofSeptember 30, 2024 | As ofDecember 31, 2023 | |
|---|---|---|
| ASSETS | ||
| Current assets: | ||
| Cash and cash equivalents | $33,328 | $22,956 |
| Restricted cash | 9,262 | 13,981 |
| Investments in marketable securities | — | 1,009 |
| Accounts and note receivable | 27,267 | 4,113 |
| Aircraft support parts | 799 | 488 |
| Prepaid expenses and other current assets | 3,656 | 2,648 |
| Total current assets | 74,312 | 45,195 |
| Property, plant and equipment, net | 185,390 | 196,611 |
| Intangible assets, net | 6,217 | 1,730 |
| Goodwill | 24,813 | 13,163 |
| Other noncurrent assets1 | 16,580 | 16,771 |
| Total assets | $307,312 | $273,470 |
| LIABILITIES, MEZZANINE EQUITY AND STOCKHOLDERS’ DEFICIT | ||
| Current liabilities: | ||
| Accounts payable2 | $3,723 | $3,978 |
| Accrued expenses and other current liabilities3 | 13,570 | 17,168 |
| Operating right-of-use current liability4 | 2,332 | 2,153 |
| Current portion of long-term debt, net of debt issuance costs | 2,121 | 2,099 |
| Total current liabilities | 21,746 | 25,398 |
| Long-term accrued expenses and other noncurrent liabilities | 7,318 | 10,777 |
| Operating right-of-use noncurrent liability5 | 5,852 | 5,779 |
| Long-term debt, net of debt issuance costs6 | 203,045 | 204,585 |
| Total liabilities | $237,961 | $246,539 |
| COMMITMENTS AND CONTINGENCIES | ||
| MEZZANINE EQUITY | ||
| Series A Preferred Stock, $0.0001 par value; 315,789.473684 shares authorized, issued and outstanding at September 30, 2024 and December 31, 2023 | 373,701 | 354,840 |
| STOCKHOLDERS’ DEFICIT | ||
| Common Stock, $0.0001 par value; 1,000,000,000 shares authorized; 53,992,839 shares issued and outstanding at September 30, 2024; 44,776,926 shares issued and outstanding at December 31, 2023 | 6 | 5 |
| Additional paid-in capital | 111,288 | 84,771 |
| Accumulated deficit | (416,394) | (413,672) |
| Accumulated other comprehensive income | 750 | 987 |
| Total stockholders’ deficit | (304,350) | (327,909) |
| Total liabilities, mezzanine equity, and stockholders’ deficit | $307,312 | $273,470 |
1 Includes related party operating lease right-of-use assets of $5.4 million and $6.3 million as of September 30, 2024 and December 31, 2023, respectively.
2 Includes related party accounts payable of $0.3 million and $0.1 million as of September 30, 2024 and December 31, 2023, respectively.
3 Includes related party accrued interest expense of $0.1 million and $0.4 million as of September 30, 2024 and December 31, 2023, respectively.
4 Includes related party operating lease right-of-use current liabilities of $1.7 million as of September 30, 2024 and December 31, 2023.
5 Includes related party operating lease right-of-use noncurrent liabilities of $3.7 million and $4.6 million as of September 30, 2024 and December 31, 2023, respectively.
6 Includes related party debt of $9.0 million and $10.0 million as of September 30, 2024 and December 31, 2023, respectively.
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