FTAI Aviation Ltd.
Description
FTAI Aviation Ltd. owns and acquires aviation and offshore energy equipment for the transportation of goods and people worldwide. It operates through two segments, Aviation Leasing and Aerospace Products. The Aviation Leasing segment owns and manages aviation assets, including aircraft and aircraft engines, which it leases and sells to customers. As of December 31, 2023, this segment owned and managed 363 aviation assets consisting of 96 commercial aircraft and 267 engines, including eight aircraft and seventeen engines that were located in Russia. The Aerospace Products segment develops, manufactures, repairs, and sells aircraft engines and aftermarket components for aircraft engines. The company was founded in 2011 and is headquartered in New York, New York.
About
CEO
Mr. Joseph P. Adams Jr.
Employees
170
Instrument type
Limited Partnership
Sector
Industrials
Industry
Rental & Leasing Services
MIC code
XNGS
Address
1345 Avenue of the Americas, New York, NY 10105, United States
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Oscillators
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Summary
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Moving Averages
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Earnings
| Date | Estimate EPS | Actual EPS | Difference | % Surprise |
|---|---|---|---|---|
| Oct 29, 2025 | — | — | — | — |
| Jul 21, 2025 | — | — | — | — |
| Apr 23, 2025 | — | — | — | — |
| Feb 21, 2025 | 0.87 | — | — | — |
Earnings estimate
|
Next Quarter
(Mar 2025)
|
Next Year
(Dec 2025)
|
|||
|---|---|---|---|---|
| Number of analysts | — | 2 | — | 5 |
| Average estimate | — | 0.85 | — | 5.10 |
| Low estimate | — | 0.85 | — | 4.15 |
| High estimate | — | 0.85 | — | 6.47 |
| Last year EPS | — | 0.41 | — | 3.16 |
[stock_revenue_estimate]
Growth estimates
Current qtr
-26.570%
Next qtr. (Mar 2025)
105.340%
Current year
27.910%
Next year (Dec 2025)
61.380%
Next 5 years (per annum)
—
Past 5 years (per annum)
—
Income statement
| 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|
| Fiscal date | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
| Total reported revenue | 1.17B | 708.41M | 335.58M | 297.93M | 578.77M |
| Cost of revenue | 672.01M | 401.30M | 162.05M | 141.29M | 169.02M |
| Gross profit | 498.89M | 307.11M | 173.54M | 156.65M | 409.75M |
| Operating expense | |||||
| Research & development | — | — | — | — | — |
| Selling general and admin | 13.70M | 14.16M | 13.45M | 14.11M | 16.91M |
| Other operating expenses | 128.20M | 135.83M | 60.30M | 45.57M | 327.63M |
| Operating income | 356.99M | 157.12M | 99.79M | 96.98M | 65.22M |
| Non operating interest income | |||||
| Income | — | — | 1.71M | 162,000 | 531,000 |
| Expense | 161.64M | 169.19M | 155.02M | 87.44M | 95.59M |
| Other income expense | -11.33M | -93.24M | 15.49M | -52.93M | 181.97M |
| Pretax income | 184.02M | -105.31M | -39.74M | -43.39M | 152.13M |
| Tax provision | -59.80M | 5.30M | 3.13M | -4.34M | 17.81M |
| Net income | 243.82M | -212.03M | -130.71M | -103.69M | 207.78M |
| Basic EPS | 2.12 | -2.22 | -1.43 | -1.22 | 2.59 |
| Diluted EPS | 2.11 | -2.22 | -1.43 | -1.22 | 2.59 |
| Basic average shares | 99.91M | 99.42M | 89.92M | 86.02M | 85.99M |
| Diluted average shares | 99.91M | 99.42M | 89.92M | 86.02M | 85.99M |
| EBITDA | 576.61M | 387.33M | 327.63M | 297.88M | 268.20M |
| Net income from continuing op. | 243.82M | -212.03M | -130.71M | -103.69M | 207.78M |
| Minority interests | — | 18.82M | 26.47M | 16.52M | 17.32M |
| Preferred stock dividends | — | — | — | — | — |
Balance sheet
| 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|
| Fiscal date | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
| Total assets | 2.96B | 2.43B | 4.86B | 3.39B | 3.24B |
| Current assets | |||||
| Cash | — | — | — | — | — |
| Cash equivalents | — | — | — | — | — |
| Cash and cash equivalents | 90.76M | 33.57M | 138.21M | 121.70M | 226.51M |
| Other short term investments | — | — | — | — | — |
| Accounts receivable | 115.16M | 99.44M | 124.92M | 91.69M | 49.47M |
| Other receivables | 3.00M | 6.40M | 7.60M | 6.93M | 8.32M |
| Inventory | — | — | 107.10M | 58.30M | 15.20M |
| Prepaid assets | 31.70M | 8.60M | 17.70M | 16.20M | 5.30M |
| Restricted cash | 150,000 | 19.50M | — | 39.72M | 16.01M |
| Assets held for sale | — | — | 2.44B | — | — |
| Hedging assets | — | — | — | — | — |
| Other current assets | — | — | — | — | — |
| Non current assets | |||||
| Properties | 64.88M | 19.81M | 9.43M | 74.63M | 63.94M |
| Land and improvements | — | — | 149.91M | 52.05M | 51.90M |
| Machinery furniture equipment | 2.57B | 2.41B | 2.31B | 2.62B | 2.55B |
| Construction in progress | — | 7.86M | 36.78M | 425.26M | 211.11M |
| Leases | — | — | — | — | — |
| Accumulated depreciation | -541.98M | -499.68M | -456.82M | -503.70M | -382.65M |
| Goodwill | 59.85M | 41.96M | 288.10M | 264.26M | 272.97M |
| Investment properties | — | — | — | — | — |
| Financial assets | — | — | — | — | 200,000 |
| Intangible assets | 50.59M | 41.96M | 30.96M | 18.79M | 27.69M |
| Investments and advances | 22.72M | 22.04M | 22.92M | 146.52M | 180.55M |
| Other non current assets | 446.39M | 215.51M | 154.04M | 96.33M | 114.19M |
| Total liabilities | 2.79B | 2.41B | 3.74B | 2.29B | 1.90B |
| Current liabilities | |||||
| Accounts payable | 112.91M | 86.45M | 87.04M | 110.41M | 121.45M |
| Accrued expenses | — | — | 1.50M | 1.46M | 1.41M |
| Short term debt | — | — | 100.53M | 25.00M | 61.01M |
| Deferred revenue | — | — | — | — | — |
| Tax payable | — | — | — | — | — |
| Pensions | — | — | — | — | — |
| Other current liabilities | — | — | 980.26M | — | — |
| Non current liabilities | |||||
| Long term debt | 2.52B | 2.18B | 2.50B | 1.97B | 1.40B |
| Provision for risks and charges | — | — | — | — | — |
| Deferred liabilities | — | — | 1.49M | 6.16M | 19.79M |
| Derivative product liabilities | — | — | — | — | — |
| Other non current liabilities | 158.55M | 148.00M | 170.88M | 202.55M | 275.52M |
| Shareholders equity | |||||
| Common stock | 1.00M | 997,000 | 992,000 | 856,000 | 849,000 |
| Retained earnings | -81.79M | -325.60M | -132.39M | -28.16M | 190.45M |
| Other shareholders equity | — | — | -156.38M | -26.24M | 372,000 |
| Total shareholders equity | 175.88M | 19.40M | 1.12B | 1.10B | 1.34B |
| Additional paid in capital | 255.97M | 343.35M | 1.41B | 1.13B | 1.11B |
| Treasury stock | — | — | — | — | — |
| Minority interest | 534,000 | 524,000 | -192,000 | 22.66M | 36.98M |
Cash flow statement
| 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||
| Net Income | 243.82M | -212.03M | -130.71M | -103.69M | 207.78M | -15.70M | -23.24M | -40.60M | -28.63M | 2.92M | 25.28M | 2.19M |
| Depreciation | 213.64M | 230.37M | 229.73M | 202.75M | 201.39M | 163.01M | 96.42M | 65.66M | 52.32M | 18.69M | 3.91M | 1.40M |
| Deferred Taxes | -63.63M | 2.16M | -2.06M | -5.85M | 14.50M | 649,000 | 227,000 | -387,000 | 61,000 | 626,000 | — | — |
| Stock-Based Compensation | 1.64M | 2.62M | 4.04M | 2.33M | 8.40M | 901,000 | 1.34M | -3.67M | 4.66M | 1.27M | — | — |
| Other Non-Cash Items | -40.13M | -23.84M | -17.78M | 2.46M | -11.23M | -897,000 | 3.78M | 2.36M | 780,000 | 544,000 | 125,000 | -3.76M |
| Accounts Receivable | -40.36M | -65.97M | -88.87M | -59.73M | -22.62M | -23.34M | -12.00M | -7.98M | -5.94M | -7.21M | -2.61M | -23,000 |
| Accounts Payable | 1.25M | -19.60M | 25.08M | -5.26M | 31.54M | 30.47M | 10.27M | 7.73M | 3.18M | -45.90M | 892,000 | -750,000 |
| Other Assets & Liabilities | -38.51M | -43.96M | -30.67M | -2.70M | -32.73M | -16.56M | 5.35M | -1.93M | -6.18M | 310,000 | -12.87M | -127,000 |
| Operating Cash Flow | 277.73M | -130.24M | -11.24M | 30.29M | 397.04M | 138.53M | 82.14M | 21.18M | 20.26M | -28.76M | 14.73M | -1.06M |
| Investing Activities | ||||||||||||
| Capital Expenditures | -272.69M | -362.29M | -557.54M | -506.43M | -638.89M | -692.20M | -462.05M | -245.80M | -225.81M | -404.36M | -113.16M | -94.78M |
| Net Intangibles | -20.96M | -31.13M | -24.02M | 2.00M | 606,000 | -11.40M | -10.15M | -4.53M | -2.45M | -20.44M | — | — |
| Net Acquisitions | -73.07M | -17.83M | -695.40M | -4.69M | 141.49M | -1.12M | -30.31M | -28.78M | 3.73M | -145.43M | 22.00M | -54.78M |
| Purchase of Investments | — | — | — | — | — | — | — | — | — | — | — | — |
| Sale of Investments | — | — | — | — | — | — | 30.24M | — | — | — | 22.00M | — |
| Investing Cash Flow | -352.39M | -380.13M | -1.26B | -497.30M | -484.00M | -694.22M | -430.08M | -206.65M | -237.48M | -560.05M | -70.28M | -149.55M |
| Financing Activities | ||||||||||||
| Long-Term Debt Issuance | 951.67M | 813.98M | 2.89B | 1.34B | 788.83M | 750.98M | 567.19M | 152.14M | 200,000 | 179.57M | 24.77M | 55.99M |
| Long-Term Debt Payments | -605.00M | -1.14B | -1.55B | -852.20M | -405.13M | -218.82M | -125.22M | -160.17M | -23.76M | -31.13M | -7.38M | — |
| Other Financing Charges | 25.45M | 531.26M | -34.39M | -12.00M | 11.64M | 27.97M | 21.24M | 18.28M | 326.74M | 545.42M | 101.20M | 100.59M |
| Financing Cash Flow | 282.21M | 45.06M | 1.59B | 365.04M | 473.95M | 597.87M | 363.15M | -89.77M | 575.97M | 617.86M | 96.36M | 154.60M |
| Other Cash Details | ||||||||||||
| End Cash Position | 90.91M | 53.07M | 440.06M | 161.42M | 242.52M | 120.84M | 92.81M | 133.50M | 381.70M | 22.13M | 7.24M | 4.12M |
| Income Tax Paid | 1.39M | 3.28M | 402,000 | — | 1.07M | 721,000 | 1.73M | 654,000 | 507,000 | 274,000 | — | — |
| Interest Paid | 150.62M | 185.14M | 142.20M | 71.64M | 83.16M | 43.64M | 25.07M | 13.15M | 18.57M | 3.63M | 2.70M | — |
| Free Cash Flow | -647.91M | -834.31M | -776.02M | -531.67M | -749.70M | -616.20M | -495.75M | -245.32M | -240.04M | -500.85M | -117.94M | -97.02M |
Top Institutional Holders
| Holder | Date Reported | Shares | Value | % Held |
|---|---|---|---|---|
| Vanguard Total Stock Market Index Fund | Sep 30, 2024 | 3,241,115 | 355.23M | 3.16% |
| iShares Russell 2000 ETF | Nov 30, 2024 | 2,869,754 | 314.53M | 2.80% |
| Vanguard Small-Cap Index Fund | Sep 30, 2024 | 2,558,699 | 280.43M | 2.50% |
| Growth Fund of America Inc | Nov 30, 2024 | 2,437,145 | 267.11M | 2.38% |
| Investment Company Of America | Dec 31, 2024 | 2,094,856 | 229.60M | 2.04% |
| Smallcap World Fund | Sep 30, 2024 | 1,815,918 | 199.02M | 1.77% |
| Vanguard Extended Market Index Fund | Sep 30, 2024 | 1,531,008 | 167.80M | 1.49% |
| Fidelity Blue Chip Growth Fund | Nov 30, 2024 | 1,522,330 | 166.85M | 1.48% |
| Vanguard Small-Cap Growth Index Fund | Sep 30, 2024 | 1,412,332 | 154.79M | 1.38% |
| Amcap Fund | Nov 30, 2024 | 1,374,303 | 150.62M | 1.34% |
Article
ROSEN, A LEADING LAW FIRM, Encourages FTAI Aviation Ltd. Investors to Secure Counsel Before Important Deadline in Securities Class Action - FTAI
NEW YORK, NY / ACCESS Newswire / February 10, 2025 / WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of securities of FTAI Aviation Ltd. (NASDAQ:FTAI) between July 23, 2024, and January 15, 2025, both dates inclusive (the "Class Period"), of the important March 18, 2025 lead plaintiff deadline.
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Levi & Korsinsky Reminds FTAI Aviation Ltd. Investors of the Pending Class Action Lawsuit with a Lead Plaintiff Deadline of March 18, 2025 - FTAI
NEW YORK, NY / ACCESS Newswire / February 10, 2025 / If you suffered a loss on your FTAI Aviation Ltd. (NASDAQ:FTAI) investment and want to learn about a potential recovery under the federal securities laws, follow the link below for more information: https://zlk.com/pslra-1/ftai-aviation-ltd-lawsuit-submission-form?prid=128426&wire=1 or contact Joseph E.
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FTAI Aviation Ltd. Is Being Sued For Securities Law Violations And Shareholders With Losses Are Urged To Contact The Schall Law Firm
LOS ANGELES, CA / ACCESS Newswire / February 10, 2025 / The Schall Law Firm, a national shareholder rights litigation firm, reminds investors of a class action lawsuit against FTAI Aviation Ltd. ("FTAI Aviation" or "the Company") (NASDAQ:FTAI) for violations of 10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission.
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