FTAI Infrastructure Inc.

Annual Trend FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025
Revenue from Contract with Customer, Excluding Assessed Tax $68.6m $120.2m $262.0m $320.5m $331.5m $502.5m
Operating expenses $69.4m $98.5m $208.2m $253.7m $247.7m $299.6m
General and administrative $8.5m $8.7m $10.9m $12.8m $14.8m $16.2m
Management fees and incentive allocation to affiliate $13.1m $15.6m $13.0m $12.5m $11.3m $14.7m
Depreciation and amortization $31.1m $54.0m $70.7m $81.0m $79.4m $132.5m
Asset impairment $743k $72.3m $4.4m
Equity in earnings (losses) of unconsolidated entities ($3.1m) ($13.5m) ($67.4m) ($24.7m) ($55.5m) $12.3m
Gain on sale of assets, net ($8k) $16k ($1.6m) $6.9m $2.4m $128.8m
Loss on modification or extinguishment of debt ($4.7m) $0 $0 ($2.0m) ($8.9m) ($59.3m)
Loss before income taxes ($73.7m) ($110.0m) ($183.0m) ($157.3m) ($262.8m) ($155.4m)
Net loss ($71.7m) ($106.3m) ($187.5m) ($159.8m) ($266.1m) ($152.1m)
Less: Net loss attributable to non-controlling interests in consolidated subsidiaries ($16.5m) ($26.5m) ($33.9m) ($38.4m) ($42.4m) ($44.9m)
Less: Preferred dividends and accretion on redeemable non-controlling interests $0 $0 $44.6m
Less: Dividends and accretion of redeemable preferred stock $0 $0 $23.7m $62.4m $70.8m $55.6m
Net loss attributable to stockholders, before series B preferred stock dividend and loss on extinguishment of preferred stock ($55.2m) ($79.9m) ($177.2m) ($183.7m) ($294.5m) ($207.4m)
Net loss attributable to common stockholders ($183.7m) ($294.5m) ($260.4m)
Total provision ($2.0m) ($3.6m) $4.5m $2.5m $3.3m ($3.3m)
Basic (dollar per share) ($0.72) ($1.07) ($1.83) ($1.55) ($2.46) ($1.32)
Diluted (dollars per share) ($0.72) ($1.07) ($1.83) ($1.55) ($2.46) ($1.32)
Other income (expense)
Acquisition and transaction expenses $1.7m $14.8m $16.8m $4.1m $5.5m $27.1m
Interest expense ($10.8m) ($16.0m) ($53.2m) ($99.6m) ($122.1m) ($265.9m)
Total expenses $123.8m $191.8m $319.6m $364.8m $431.0m $494.6m
Total other expense ($18.5m) ($38.4m) ($125.4m) ($112.9m) ($163.3m) ($163.3m)