Fortress Transportation & Infrastructure Investors LLC FTAI Cash Flow

Fortress transportation & infrastructure investors llc (FTAI)

CashFlow / TTM

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14
Cash flows from operating activities:
Net loss
214,520	207,784	26,028	6,075	-16,167	-15,704	-21,607	-24,001	-23,361	-23,240	-22,511	-26,486	-40,733	-40,598	-44,026	-54,436	-39,650	-28,631	-18,827	-825	3,258	2,918	0	0	0
Adjustments to reconcile net loss to net cash (used in) provided by operating activities:
Equity in (earnings) losses of unconsolidated entities
-1,726	-2,375	-1,937	-1,405	-1,487	-1,008	-738	-164	-240	-1,601	-6,118	-7,411	-7,343	-5,992	-1,173	-9,596	-8,112	-6,956	-5,856	5,428	5,730	6,093	0	0	0
Gain on sale of subsidiaries
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loss (gain) on sale of assets, net
0	-	0	0	0	-	0	0	16,258	-	9,360	6,691	6,237	5,941	4,689	6,395	5,138	3,419	5,549	5,652	7,619	7,576	0	0	0
Security deposits and maintenance claims included in earnings
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Security deposits and maintenance claims included in earnings
-	-	-	-	-	6,323	4,325	4,385	443	60	0	0	0	-	-	-	-	439	439	1,120	1,120	0	0	0	0
Loss on extinguishment of debt
0	-	-	-	0	-	-	-	-	-2,456	-2,456	-2,456	-2,456	-1,579	-1,579	-1,579	-1,579	0	0	0	0	-	-	-	-
Equity-based compensation
8,467	8,404	1,836	1,392	921	901	1,317	1,250	1,464	1,343	841	704	378	-3,672	-2,850	-1,784	-721	4,662	4,675	3,865	2,685	1,265	0	0	0
Depreciation and amortization
173,889	171,225	165,378	156,056	146,300	136,354	122,581	112,943	100,320	88,110	79,298	69,890	64,370	60,210	55,727	51,899	47,963	45,308	40,132	32,702	24,729	15,998	0	0	0
Change in current and deferred income taxes
17,979	14,495	-1,927	-2,570	483	649	346	711	522	227	563	1	211	-387	-465	-233	-360	61	39	54	499	626	0	0	0
Change in fair value of non-hedge derivative
-1,516	-4,555	1,960	5,591	1,679	5,523	-581	1,204	1,646	1,022	1,036	0	0	-3	-3	-8	-9	-14	-20	-14	-24	-25	0	0	0
Amortization of lease intangibles and incentives
28,695	30,162	33,038	31,004	27,767	26,659	20,742	17,958	13,583	8,306	5,857	5,459	5,759	5,447	6,419	6,382	6,497	7,016	6,422	5,751	4,698	2,694	0	0	0
Amortization of deferred financing costs
8,433	8,333	7,230	6,930	6,279	5,430	5,282	4,638	4,220	4,202	3,769	3,391	3,124	2,576	2,295	1,985	1,688	1,469	1,489	1,236	906	576	0	0	0
Operating distributions from unconsolidated entities
-	-	-	-	-	-	-	-	-	-	-	-	-	30	79	-365	185	209	1,425	4,453	6,948	8,207	0	0	0
Bad debt expense
1,686	3,986	3,271	3,371	3,271	1,771	2,238	2,138	2,070	701	129	208	199	200	555	572	704	676	361	397	242	281	0	0	0
Other
969	827	693	522	208	-4	217	422	704	732	552	148	-15	86	212	178	95	-250	-385	-191	-239	-32	0	0	0
Change in:
Accounts receivable
32,275	22,622	20,318	27,951	17,080	23,340	23,041	15,797	17,762	12,001	9,701	9,835	7,837	7,980	9,485	6,427	7,568	5,940	5,013	9,156	7,361	7,212	0	0	0
Other assets
5,532	17,890	30,449	28,999	32,683	26,212	15,011	13,752	3,576	-6,475	-6,081	-8,735	-5,492	8,584	5,587	12,527	8,347	5,057	1,829	-6,805	2,143	2,654	0	0	0
Accounts payable and accrued liabilities
-425	31,543	17,374	17,041	25,891	30,471	24,602	30,486	5,490	10,266	6,192	4,994	4,018	7,726	1,467	9,545	9,283	3,180	-8,907	-59,498	-54,510	-45,900	0	0	0
Management fees payable to affiliate
-627	19,080	11,555	3,359	1,962	1,820	679	809	-54	899	-98	31	191	457	40	818	-37	-1,168	721	-349	1,663	2,362	0	0	0
Other liabilities
-22,333	-14,837	-7,840	-1,246	10,037	9,651	3,988	2,338	-2,174	-1,124	-271	2,814	6,555	6,651	2,723	1,661	-1,468	-1,119	2,914	3,446	3,117	2,964	0	0	0
Net cash (used in) provided by operating activities
118,967	151,043	139,995	132,657	142,497	133,697	102,469	94,374	62,287	68,497	67,684	63,188	52,382	30,903	12,320	9,887	13,507	23,528	23,105	-23,496	-29,953	-31,551	0	0	0
Cash flows from investing activities:
Change in restricted cash
-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-	7,306	0	0	0
Release of restricted cash
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-
Payments to restricted cash
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-
Construction deposit related to vessel
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	7,450	0	0	0
Investment in notes receivable
-	-	-	-	-	912	912	912	912	0	0	947	2,658	3,066	0	0	0	-	-	-	0	-	-	-	-
Investment in unconsolidated entities
15,952	13,500	13,500	0	0	1,115	6,521	10,252	16,770	30,309	51,933	49,956	43,438	28,784	0	0	0	-	-	-	-	-	-	-	-
Principal collections on finance leases
12,429	13,398	14,417	4,438	3,141	1,981	784	787	492	473	454	436	419	2,513	5,286	16,452	19,555	20,292	20,315	12,408	12,174	11,931	0	0	0
Acquisition of leasing equipment
517,220	568,569	455,004	501,340	520,864	497,988	488,810	407,518	444,117	425,769	354,079	340,996	241,018	200,640	142,430	222,570	192,374	165,090	308,020	355,021	361,740	387,118	0	0	0
Acquisition of property, plant and equipment
310,332	331,171	295,115	265,176	287,563	229,963	208,131	189,382	124,876	116,031	96,372	94,778	63,545	57,371	55,414	38,688	60,354	96,028	121,471	119,762	93,737	49,441	0	0	0
Acquisition of lease intangibles
0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Acquisition of lease intangibles
-	-	-	-	-	-	-	-	11,178	10,149	0	0	0	-	-	-	-	2,446	19,137	16,690	16,690	20,435	0	0	0
Purchase deposits for acquisitions
-525	1,000	38,652	25,897	7,889	10,150	17,864	24,464	18,065	12,299	15,241	18,906	11,526	13,681	0	0	0	-	-	-	-	-	-	-	-
Proceeds from sale of subsidiaries
-	-	-	-	-	-	-	-	-	-	-	-	-	71,000	71,000	71,000	71,000	0	0	0	0	-	-	-	-
Proceeds from sale of leasing equipment
249,730	248,454	179,943	89,060	65,218	44,062	34,446	87,388	87,432	91,130	94,073	37,221	28,327	22,885	20,530	28,030	18,017	13,625	0	0	0	-	-	-	-
Proceeds from sale of property, plant and equipment
-7	0	-48	-1	-8	23	78	31	37	51	416	463	506	490	765	846	808	893	667	874	963	842	0	0	0
Proceeds from sale of equipment held for sale
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	135	0	0	0
Proceeds from deposit on sale of leasing equipment
-	-	-	-	-	240	640	-1,865	580	400	0	2,755	310	250	0	0	0	-	-	-	-	-	-	-	-
Return of deposit on sale of leasing equipment
-	-	-	-	-	400	400	400	400	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from deposit on sale of engine
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Return of capital distributions from unconsolidated entities
1,157	1,555	2,637	3,365	2,483	2,085	0	0	0	-	-	-	-	432	1,239	2,876	3,196	3,728	5,678	7,945	8,710	9,064	0	0	0
Return of deposit on sale of engine
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash used in investing activities
-419,973	-495,236	-611,780	-704,099	-756,438	-703,533	-669,185	-528,526	-497,539	-472,265	-427,431	-462,201	-334,452	-210,749	-124,213	-168,073	-168,746	-239,921	-400,441	-557,447	-554,461	-571,416	0	0	0
Cash flows from financing activities:
Proceeds from debt
740,129	788,829	704,445	1,076,107	1,085,060	750,980	765,239	527,630	350,380	567,191	458,673	287,393	284,393	152,140	110,658	108,658	103,158	200	4,420	179,769	179,769	179,569	0	0	0
Repayment of debt
633,900	405,131	255,897	301,780	253,429	218,819	284,456	159,222	136,273	125,223	25,186	18,320	15,318	160,166	161,600	168,849	165,916	23,761	24,009	35,003	33,019	31,131	0	0	0
Payment of deferred financing costs
17,374	34,218	31,954	33,679	31,595	3,055	2,831	2,474	3,082	3,377	3,543	3,033	2,118	4,246	4,071	4,071	2,630	136	0	0	0	-	-	-	-
Receipt of security deposits
6,082	7,887	7,982	8,991	9,335	9,264	8,548	6,448	7,729	7,290	6,301	6,408	4,785	3,815	3,705	3,032	2,015	2,060	2,110	2,340	2,369	2,389	0	0	0
Return of security deposits
3,950	368	623	1,203	1,308	1,775	1,519	2,379	3,899	3,231	3,232	1,657	224	316	566	1,057	1,015	960	710	369	219	500	0	0	0
Receipt of maintenance deposits
65,410	65,279	61,193	60,193	57,420	53,645	50,073	39,429	32,345	27,049	22,782	18,142	16,157	14,804	13,828	12,456	11,668	10,149	8,177	6,480	4,527	3,324	0	0	0
Release of maintenance deposits
26,318	26,940	37,886	43,799	33,549	25,582	11,677	4,435	8,110	6,270	6,713	6,713	870	6,255	9,744	14,575	16,763	14,764	13,699	8,868	6,412	3,026	0	0	0
Proceeds from issuance of common shares, net of underwriter's discount
-	-	-	-	-	148,318	128,451	128,450	128,450	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Common shares issuance costs
-	-	-	-	-	820	789	789	132	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Issuance costs of preferred shares
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Capital contributions from shareholders
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	295,879	495,696	627,526	454,738	490,747	0	0	0
Capital distributions to shareholders
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	44,917	77,506	112,506	95,712	75,999	0	0	0
Capital contributions from non-controlling interests
-	-	-	-	-	-	-	-	-	-	-	-	-	11,480	10,472	15,390	32,324	37,826	49,016	87,710	69,763	57,841	0	0	0
Capital distributions to non-controlling interests
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	321	452	586	583	565	0	0	0
Cash dividends - common shares
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cash dividends - preferred shares
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cash dividends
-	-	-	-	-	-	-	0	102,378	-	100,051	100,044	100,863	100,027	0	0	0	-	-	-	-	-	-	-	-
Payments of Ordinary Dividends
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-
Net cash (used in) provided by financing activities
195,821	465,873	436,869	671,973	735,775	597,867	539,401	423,969	264,737	363,078	353,078	185,223	189,802	-89,971	-138,532	-136,920	465,859	575,971	782,744	1,094,046	570,428	617,856	0	0	0
Net (decrease) increase in cash and cash equivalents and restricted cash
-105,185	121,680	-34,916	100,531	121,834	28,031	-27,315	-10,183	-170,515	-40,690	-6,669	-213,790	-92,268	-269,817	-250,425	-295,106	310,620	359,578	405,408	513,103	-13,986	14,889	0	0	0
Supplemental disclosure of cash flow information:
Cash paid for interest, net of capitalized interest
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0
Cash paid for taxes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0
Supplemental disclosure of non-cash investing and financing activities:
Proceeds from borrowings of debt
-	-	-	-	-	511	761	761	761	108,339	110,949	110,949	110,949	2,860	0	0	0	-	-	-	-	-	-	-	-
Repayment and settlement of debt
-	-	-	-	-	-	-	-	-	102,352	102,352	100,000	100,000	0	0	0	0	-	-	-	-	-	-	-	-
Restricted cash proceeds from borrowings of debt
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	0	-	-	-	-
Acquisition of leasing equipment
3,530	24,530	-5,996	8,001	13,453	14,263	23,870	19,202	19,946	35,332	32,608	22,549	24,128	7,724	7,776	10,115	6,773	5,408	27,891	31,838	44,484	52,556	0	0	0
Acquisition of property, plant and equipment
41,292	47,520	30,587	27,701	22,948	17,587	10,247	9,987	42,827	37,281	37,435	43,052	12,134	12,184	11,663	191	556	203	0	0	0	-	-	-	-
Settled and assumed security deposits
2,415	-239	1,686	2,464	1,689	3,793	2,140	2,495	3,516	3,312	3,302	2,347	1,230	758	-347	2,509	2,355	2,388	9,840	7,134	8,074	8,317	0	0	0
Billed, assumed and settled maintenance deposits
34,382	15,117	5,289	40,508	22,630	24,518	20,824	31,231	31,377	37,292	25,653	7,328	8,575	6,350	5,487	1,366	-2,496	-1,146	18,709	22,563	30,489	34,461	0	0	0
Deferred financing costs
-	-	-	-	-	-	-	-	-	8,802	7,867	7,837	8,929	2,884	2,884	2,884	3,072	0	0	0	0	-	-	-	-
Change in fair value of cash flow hedge
43,384	372	25,474	34,058	-43,012	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-109	-236	-114	0	0	0
Non-cash change in equity method investment
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Issuance of common shares
0	-	0	0	0	-	0	0	0	-	0	0	0	-	-	0	0	-	-	-	-	-	-	-	-
Issuance of common shares
-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	0	0	-	-	-	-
Dividends payable
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	0	-	-	-	-