FLYEXCLUSIVE INC

For the period ended Sep 30, 2024. Filed Nov 14, 2024.

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.

Sep 30, 2024 · Filed Nov 14, 2024

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

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Contents

Condensed Consolidated Balance Sheets (Unaudited)

(in thousands, except share amounts)	September 30,2024	December 31,2023
ASSETS
Current assets
Cash and cash equivalents	$18,654	$11,626
Accounts receivable, net	1,601	849
Other receivables	6,257	4,460
Due from related parties, current portion	1,892	1,911
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	—
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	—
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

Condensed Consolidated Balance Sheets (Unaudited) (continued)

(in thousands, except share amounts)	September 30,2024	December 31,2023
LIABILITIES, STOCKHOLDERS’ (DEFICIT) / MEMBERS' EQUITY, AND TEMPORARY EQUITY
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
Short-term notes payable	6,062	14,396
Short-term notes payable - related party	22,455	18,939
Total current liabilities	266,141	221,536
Long-term notes payable, non-current portion	116,517	166,818
Long-term notes payable - related party, non-current portion	21,314	—
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)
Series A preferred stock, par value $0.0001; 25,000,000 shares authorized and 25,000 shares issued and outstanding	22,618	—
Series B preferred stock, par value $0.0001; 25,000,000 shares authorized and 25,510 shares issued and outstanding	14,024	—
Stockholders' equity (deficit)
Accumulated other comprehensive income/(loss)	109	(69)
Class A common stock; par value $0.0001; 200,000,000 and 200,000,000 shares authorized; 18,199,586 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	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

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.