Fortress transportation & infrastructure investors llc (FTAI)
Income statement / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14
Revenues
Revenues

112,840

161,332

162,221

159,005

114,894

100,134

101,155

71,979

68,844

28,823

60,362

51,194

44,673

42,346

41,726

33,195

31,453

33,798

35,233

33,564

33,973

23,419

16,080

10,735

7,696

Expenses
Operating expenses

33,444

-

-

-

54,310

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Operating expenses

-

-

89,368

92,763

-

39,731

41,667

27,593

27,579

-3,606

23,688

21,324

21,013

17,232

17,028

17,551

14,358

18,595

17,879

17,600

14,719

14,518

9,360

2,808

537

General and administrative

4,663

5,676

6,284

4,297

4,184

4,955

4,012

4,573

3,586

3,955

3,439

3,341

3,835

3,160

3,205

3,361

2,588

2,663

2,568

1,989

348

658

401

721

227

Acquisition and transaction expenses

3,194

8,223

5,618

2,308

1,474

2,234

1,460

1,508

1,766

2,242

1,732

1,880

1,452

1,694

1,688

1,875

1,059

1,511

2,206

1,598

368

169

808

7,140

3,333

Management fees and incentive allocation to affiliate

4,766

19,133

7,378

5,710

3,838

3,646

3,846

4,495

3,739

4,203

3,771

3,865

3,893

4,017

4,146

4,231

4,348

4,513

4,606

3,485

2,414

1,928

1,698

1,086

751

Depreciation and amortization

42,197

43,816

43,744

42,600

38,863

37,055

34,422

32,844

29,587

23,691

24,784

20,221

17,377

16,916

15,376

14,701

13,217

12,433

11,548

10,765

10,562

7,257

4,118

2,792

1,831

Interest expense

22,861

23,891

25,488

25,472

20,734

16,975

15,142

12,857

11,871

16,506

8,914

7,684

4,694

3,118

5,416

5,120

5,303

5,071

4,668

4,757

4,815

2,952

1,348

755

817

Total expenses

111,125

169,136

177,880

173,150

123,403

104,596

100,549

83,870

78,128

46,991

66,328

58,315

52,264

46,137

46,859

46,839

40,873

44,786

43,475

40,194

33,226

27,482

17,733

15,302

7,496

Other income (expense)
Equity in earnings (losses) of unconsolidated entities

265

-848

-974

-169

-384

-410

-442

-251

95

-140

132

-327

-1,266

-4,657

-1,161

-259

85

162

-9,584

1,225

1,241

1,262

1,700

1,527

1,604

(Loss) gain on sale of assets, net

-1,819

-

37,061

22,630

1,718

-

262

4,996

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Gain on sale of assets, net

-

-

-

-

-

-

-

-

-5

11,867

2,709

1,999

2,018

2,634

40

1,545

1,722

1,382

1,746

288

3

3,512

1,849

2,255

-40

Loss on extinguishment of debt

-4,724

-

-

-

0

-

-

-

-

0

0

0

-2,456

0

0

0

-1,579

0

0

0

0

-

-

-

-

Asset impairment

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

7,450

-

-

0

0

-

-

-

-

-

Interest income

41

79

121

240

91

127

111

74

176

106

215

84

283

49

206

-128

9

117

159

116

187

120

52

8

6

Other income (expense)

33

-21

1,131

4,938

-2,603

1,909

737

1,157

180

893

2,148

20

12

19

485

58

40

20

15

-3

-6

-114

154

-11

-9

Total other expense

-6,204

136,335

37,339

27,639

-1,178

284

668

5,976

446

12,726

5,204

1,776

-1,409

-1,955

-430

-6,234

277

1,681

-7,664

1,626

1,425

4,780

3,755

3,779

1,561

Loss from continuing operations before income taxes

-4,489

128,531

21,680

13,494

-9,687

-4,178

1,274

-5,915

-8,838

-5,442

-762

-5,345

-9,000

-5,746

-5,563

-19,878

-9,143

-9,307

-15,906

-5,004

2,172

717

2,102

-788

1,761

(Benefit from) provision for income taxes

-98

18,999

1,004

-2,299

267

869

551

534

495

369

909

464

212

73

83

178

-66

-60

150

266

230

160

156

399

159

Net loss from continuing operations

-4,391

109,532

-

-

-9,954

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net income from discontinued operations, net of income taxes

1,331

71,579

-

-

158

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net loss

-3,060

181,111

20,676

15,793

-9,796

-645

723

-6,449

-9,333

-6,548

-1,671

-5,809

-9,212

-5,819

-5,646

-20,056

-9,077

-9,247

-16,056

-5,270

1,942

557

1,946

-1,187

1,602

Less: Net loss attributable to non-controlling interests in consolidated subsidiaries:
Continuing operations

-4,736

-4,520

-

-

-3,360

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Discontinued operations

0

146

-

-

-56

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Dividends on preferred shares

4,539

1,838

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net loss attributable to shareholders

-2,863

-

-

-

-6,380

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Less: Net loss attributable to non-controlling interests in consolidated subsidiaries

-

-

-4,995

-4,539

-

-

-3,855

-7,288

-8,761

-

-4,669

-4,349

-4,798

-4,006

-4,370

-8,863

-3,295

-4,548

-4,318

-4,433

-3,506

-3,118

-2,085

165

176

Net income attributable to shareholders

-

183,647

25,671

20,332

-

1,037

4,578

839

-572

3,010

2,998

-1,460

-4,414

-1,813

-1,276

-11,193

-5,782

-4,699

-11,738

-837

5,448

3,675

4,031

-1,352

1,426

Earnings (loss) per share:
Basic
Continuing operations (in dollars per share)

-0.05

1.30

-

-

-0.07

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Discontinued operations (in dollars per share)

0.02

0.83

-

-

0.00

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Diluted
Continuing operations (in dollars per share)

-0.05

1.30

-

-

-0.07

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Discontinued operations (in dollars per share)

0.02

0.83

-

-

0.00

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Weighted Average Shares Outstanding:
Basic (in dollars per share)

-

-

0.30

0.24

-

-

0.05

0.01

-0.01

-

0.04

-0.02

-

-

-0.02

-

-

-

-

-

-

-

-

-

-

Diluted (in dollars per share)

-

-

0.30

0.24

-

-

0.05

0.01

-0.01

-

0.04

-0.02

-

-

-0.02

-

-

-

-

-

-

-

-

-

-

Basic and Diluted (usd per share)

-

-

-

-

-

-

-

-

-

-

-

-

-0.06

-

-

-0.15

-0.08

-0.11

-0.16

-0.01

0.10

0.07

0.08

-0.03

0.03

Weighted average shares outstanding:
Basic (in shares)

86,008

85,997

85,996

85,987

85,986

85,213

84,708

83,160

81,534

75,771

75,770

75,762

75,762

-

75,746

-

75,727

-

75,718

62,879

-

-

53,502

53,502

-

Diluted (in shares)

86,008

86,090

86,005

85,989

85,986

85,255

84,709

83,160

81,534

75,771

75,770

75,762

75,762

-

75,746

-

75,727

-

75,718

62,879

-

-

53,502

53,502

-

Basic and Diluted (in shares)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

75,730

-

-

-

-

53,502

-

-

-

53,502

Equipment leasing revenues
Revenues

86,449

110,411

87,259

79,200

72,452

67,035

70,890

59,330

55,784

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Infrastructure revenues
Revenues

26,391

32,243

74,962

79,805

42,442

33,099

30,265

12,649

13,060

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Infrastructure [Member]
Income (Loss) from Equity Method Investments

-

-

-

92

-

-

-

-235

148

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-