← FTAI Infrastructure Inc.
| Annual Trend | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|---|
| Depreciation and amortization | $31.1m | $54.0m | $70.7m | $81.0m | $79.4m | $132.5m | |
| Amortization of deferred financing costs | $1.5m | $2.6m | $4.4m | $6.8m | $6.2m | $11.0m | |
| Amortization Of Other Comprehensive Income (Loss) | — | — | — | $0 | $0 | ($20.1m) | |
| Amortization of Debt Discount (Premium) | $0 | $0 | $1.9m | $4.9m | $8.7m | $23.3m | |
| Change in deferred income taxes | ($2.3m) | ($3.9m) | $4.0m | $2.0m | $1.9m | ($5.8m) | |
| Asset impairment | — | $0 | $0 | $743k | $72.3m | $4.4m | |
| Gain (Loss) on Disposition of Stock in Subsidiary | — | — | — | $0 | $0 | $128.9m | |
| Gain (Loss) on Disposition of Assets | — | $16k | ($1.6m) | $6.9m | $2.4m | ($79k) | |
| Loss on modification or extinguishment of debt | $4.7m | $0 | $0 | $2.0m | $8.9m | $59.3m | |
| Net loss | ($71.7m) | ($106.3m) | ($187.5m) | ($159.8m) | ($266.1m) | ($152.1m) | |
| Equity in (earnings) losses of unconsolidated entities | $3.1m | $13.5m | $67.4m | $24.7m | $55.5m | ($12.3m) | |
| Gain On Sale Of Easement | — | — | $0 | $0 | ($3.5m) | $0 | |
| Equity-based compensation | $2.3m | $4.0m | $4.1m | $9.2m | $8.6m | $11.1m | |
| Change in fair value of non-hedge derivatives | $181k | ($2.2m) | ($1.1m) | $1.1m | $0 | $603k | |
| Fair Value Adjustment of Warrants | — | — | — | $0 | $0 | ($4.2m) | |
| Provision for (recovery) credit losses | ($1k) | $74k | $575k | $2.0m | $863k | ($888k) | |
| Accounts receivable | $10.0m | ($26.8m) | ($3.3m) | $2.8m | $2.1m | ($9.9m) | |
| Other assets | ($12.7m) | ($18.4m) | ($7.8m) | $25.2m | ($2.0m) | ($13.3m) | |
| Accounts payable and accrued liabilities | ($14.2m) | $15.5m | $7.0m | $8.6m | $21.0m | $51.7m | |
| Increase (Decrease) in Derivative Liabilities | — | — | — | $0 | $0 | ($67.0m) | |
| Other liabilities | $1.0m | $6.2m | ($4.7m) | $1.1m | ($7.0m) | ($3.4m) | |
| Investment in unconsolidated entities | ($4.7m) | ($55.2m) | ($6.0m) | ($7.1m) | ($3.8m) | ($18.5m) | |
| Proceeds from Collection of Loans Receivable | — | — | — | $0 | $0 | $11.0m | |
| Investment in promissory notes | $0 | ($10.0m) | ($47.5m) | ($36.0m) | ($31.4m) | $0 | |
| Investment In equity instruments | — | — | $0 | $0 | ($5.0m) | $0 | |
| Proceeds from sale of leasing equipment | — | $0 | $0 | $105k | $0 | $0 | |
| Proceeds from Insurance Settlement, Investing Activities | — | — | $0 | $0 | $267k | $0 | |
| Proceeds from sale of easement | — | — | $0 | $0 | $3.5m | $0 | |
| Payment of financing costs | ($11.8m) | ($12.4m) | ($13.6m) | ($8.8m) | ($11.4m) | ($62.1m) | |
| Proceeds from issuance of common shares | — | — | — | $0 | $0 | $2.7m | |
| Proceeds from issuance of redeemable preferred stock and warrants | $0 | $0 | $291.0m | $0 | $0 | $1.0b | |
| Redeemable preferred stock issuance costs | $0 | $0 | ($16.4m) | $0 | $0 | ($21.2m) | |
| Payments for Repurchase of Preferred Stock and Preference Stock | — | — | — | $0 | $0 | ($447.1m) | |
| Distributions to non-controlling interests | $0 | $0 | ($143k) | ($1.6m) | ($15.0m) | ($1.3m) | |
| Settlement of equity-based compensation | $0 | $0 | ($593k) | ($2.2m) | ($3.3m) | ($6.0m) | |
| Noncash or Part Noncash Acquisition, Acquisition Of Business | — | — | — | $0 | $0 | $286.0m | |
| Net cash (used in) provided by operating activities | ($46.9m) | ($61.7m) | ($42.7m) | $5.5m | ($15.3m) | ($118.0m) | |
| Acquisition of property, plant and equipment | ($10.8m) | ($581k) | ($5.7m) | ($1.7m) | ($48.6m) | ($46.5m) | |
| Proceeds from Sale of Property, Plant, and Equipment | $0 | $4.5m | $7.1m | $1.1m | $1.2m | $2.8m | |
| Payments to Acquire Businesses, Net of Cash Acquired | — | $627.1m | $3.8m | $4.4m | $0 | ($856.6m) | |
| Acquisition of business, net of cash acquired | $0 | ($627.1m) | ($3.8m) | ($1.7m) | ($3.3m) | ($724k) | |
| Net cash used in investing activities | ($252.2m) | ($828.7m) | ($267.3m) | ($147.1m) | ($118.1m) | ($1.1b) | |
| Proceeds from debt, net | $264.0m | $451.1m | $519.0m | $181.3m | $498.4m | $1.8b | |
| Debt Issuance Costs Incurred During Noncash or Partial Noncash Transaction | — | — | $0 | $0 | ($16.2m) | $0 | |
| Repayment of debt | ($240.0m) | $0 | $0 | ($75.1m) | ($247.6m) | ($780.4m) | |
| Cash dividends - common stock | $0 | $0 | ($3.1m) | ($12.4m) | ($13.1m) | ($13.8m) | |
| Cash dividends - redeemable preferred stock | $0 | $0 | ($1.8m) | ($1.8m) | ($14.7m) | ($25.5m) | |
| Dividends and accretion of redeemable preferred stock | $0 | $0 | ($21.9m) | ($60.6m) | ($56.1m) | $0 | |
| Dividends and accretion of redeemable preferred stock - NCI | $0 | $0 | ($21.3m) | $0 | $0 | ($44.6m) | |
| Net cash provided by financing activities | $337.6m | $1.1b | $157.7m | $79.4m | $193.2m | $1.4b | |
| Net increase (decrease) in cash and cash equivalents and restricted cash and cash equivalents | $38.6m | $246.4m | ($152.2m) | ($62.2m) | $59.8m | $178.7m | |
| Cash and cash equivalents and restricted cash and cash equivalents, beginning of period | $55.4m | $301.9m | $149.6m | $87.5m | $147.3m | $325.9m | |
| Paid-in-Kind Interest | $8.6m | $7.3m | $38.1m | $0 | $0 | $5.8m | |
| Cash paid for interest, net of capitalized interest | $8.6m | $7.3m | $38.1m | $88.4m | $94.4m | $219.6m |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.