← FLYEXCLUSIVE INC.

Annual Trend FY 2021 FY 2022 FY 2023 FY 2024 FY 2025
Net Income — $6.0m ($46.8m) ($21.1m) ($17.6m)
Net Income From Continuing Operations — ($4.2m) ($54.7m) ($101.5m) ($67.1m)
Depreciation and amortization — $23.1m $27.0m $25.0m $22.0m
Amortization of finance lease right-of-use assets — — $0 $743k $1.6m
Amortization of contract costs — $653k $827k $1.1m $1.5m
Dividends payable and amortization of discount on Temporary Equity — — $0 $4.5m $10.4m
Depreciation Amortization Depletion — $23.1m $27.0m $25.7m $23.6m
Non-cash interest expense — $2.3m $9.9m $1.5m $3.3m
Loss on extinguishment of debt — $0 ($14.8m) $0 $1.4m
Operating lease liabilities — ($12.8m) ($16.4m) ($21.2m) ($21.1m)
ROU assets obtained in exchange for operating lease liabilities — — $48.8m $14.9m $12.9m
Net loss — ($4.2m) ($54.7m) ($101.5m) ($67.1m)
Non-cash interest income — $0 ($3.0m) ($2.7m) ($634k)
Non-cash rent expense — $13.0m $18.3m $21.2m $21.4m
(Gain) loss on aircraft sales and aircraft held for sale — — ($13.9m) $2.8m ($2.7m)
Loss (gain) on lease termination — ($143k) ($29k) ($133k) $2.5m
Provision for credit losses — $30k $2.6m $2.2m $305k
Provision for inventory reserve — — — $0 $13k
Realized loss on investment securities — $400k $238k $59k $284k
Change in fair value of warrant liability ($3.3m) ($5.1m) $334k $1.5m $1.4m
Stock-based compensation $208k $0 $882k $753k $4.5m
Accounts receivable — ($9.1m) $17.0m ($1.9m) $109k
Notes receivable - related parties — — — $0 ($4.1m)
Other receivables — ($5.7m) $465k ($2.7m) $905k
Parts and supplies inventory — ($3.9m) $730k ($516k) $577k
Prepaid expenses and other current assets — ($2.0m) $344k ($123k) ($2.2m)
Other assets — ($551k) ($187k) ($335k) ($2.3m)
Accounts payable — $4.5m $7.6m $4.7m $12.7m
Other current liabilities — $11.8m $2.4m ($756k) $6.0m
Deferred revenue — $40.3m ($4.2m) $45.8m $9.5m
Other non-current liabilities — $3.7m $13.1m $13.6m $16.8m
Capitalized development costs — ($520k) ($802k) ($492k) ($22k)
Purchases of property and equipment — ($146.0m) ($83.6m) ($56.7m) ($30.9m)
Proceeds from sales of property and equipment — $60.5m $42.0m $50.8m $102.8m
Finance lease direct initial costs — — $0 ($385k) ($1.5m)
Purchases of engine overhauls — ($21.1m) ($20.8m) ($24.5m) ($25.9m)
Proceeds from notes receivable — — — $15.2m $0
Proceeds from failed sale-leaseback of aircraft — — — $0 $34.0m
Repayment of finance lease — — $0 ($9.0m) ($21.2m)
Proceeds from preferred stock issuance, net of issuance costs — — — $48.4m $0
Finance lease interest — — — $0 $1.3m
Non-cash directors and officers insurance — $0 $2.5m $2.0m $0
Exchange of public warrants for flyExclusive Class A common stock — $0 $82k $371k $0
Conversion of Series B Temporary Equity to Class A common stock — — — $0 $24.3m
Issuance of penny warrants in connection with temporary equity — — — $3.7m $0
Excise tax payable — $0 $1.0m $156k $189k
Transfers from prepaid engine overhaul to property and equipment — $10.3m $11.4m $10.8m $0
Change in purchases of property and equipment in accounts payable — $994k $930k $14.6m $0
Transfer of fixed assets and prepaid engine overhauls to held for sale — — $0 $43.0m $1.2m
Transfers of aircraft from held for sale, non-current portion to held for sale, current portion — — — $0 $4.1m
Unrealized change in fair value of available-for-sale securities — $498k $407k $13k $56k
ROU assets obtained in exchange for finance lease liabilities — — $0 $16.0m $25.2m
Transfers from finance lease ROU assets to property and equipment — $10.3m $11.4m $0 $27.3m
Consideration payable to customer — — — $0 $2.2m
Non-cash exchanges for non-controlling ownership interest — — — $0 $1.1m
Acquisitions of non-controlling interests — — $0 $20.7m $0
Beginning Cash Position — $21.1m $23.2m $11.6m $31.7m
Cash Flow From Continuing Financing Activities — $123.7m $41.8m $38.9m ($118.0m)
Cash Flow From Continuing Investing Activities — ($167.3m) ($62.0m) ($7.9m) $108.9m
Change In Account Payable — $4.5m $7.6m $4.7m $12.7m
Change In Inventory — ($3.9m) $730k ($516k) $577k
Change In Other Current Assets — ($551k) ($187k) ($335k) ($2.3m)
Change In Other Current Liabilities — $2.6m ($886k) ($8.3m) $1.7m
Change In Other Working Capital — $40.3m ($4.2m) $45.8m $9.5m
Change In Payable — $4.5m $7.6m $4.7m $12.7m
Change In Payables And Accrued Expense — $4.5m $7.6m $4.7m $12.7m
Change In Prepaid Assets — ($2.0m) $344k ($123k) ($2.2m)
Change In Receivables — ($14.8m) $17.4m ($4.6m) ($3.1m)
Change In Working Capital — $26.2m $20.9m $36.6m $16.9m
Changes In Account Receivables — ($6.3m) $13.2m ($1.2m) ($5.3m)
Changes In Cash — $2.0m ($11.6m) $20.1m ($2.4m)
End Cash Position — $23.2m $11.6m $31.7m $29.3m
Financing Cash Flow — $123.7m $41.8m $38.9m ($118.0m)
Free Cash Flow — ($100.9m) ($75.8m) ($68.1m) ($24.3m)
Gain Loss On Investment Securities — ($70k) $15.2m $1.5m $1.7m
Gain Loss On Sale Of PPE — ($15.3m) ($13.9m) $2.8m ($2.7m)
Investing Cash Flow — ($167.3m) ($62.0m) ($7.9m) $108.9m
Issuance Of Capital Stock — — $0 $48.4m $5.8m
Net Intangibles Purchase And Sale $0 $0 — — —
Net PPE Purchase And Sale — ($85.4m) ($41.7m) ($5.9m) $71.9m
Net Preferred Stock Issuance — — $0 $48.4m $0
Operating Gains Losses — ($15.4m) ($13.6m) $4.3m $421k
Other Non Cash Items — $15.8m $25.7m $21.0m $28.1m
Preferred Stock Issuance — — $0 $48.4m $0
Provisionand Write Offof Assets — $30k $2.6m $2.2m $318k
Purchase Of Intangibles $0 $0 — — —
Purchase Of PPE — ($146.0m) ($83.6m) ($56.7m) ($30.9m)
Sale Of PPE — $60.5m $42.0m $50.8m $102.8m
Net cash flows from operating activities ($989k) ($1.4m) $8.7m ($10.9m) $6.7m
Capital Expenditure Reported — ($520k) ($802k) ($492k) ($22k)
Purchases of investments — ($70.5m) ($104.0m) ($61.9m) ($15.5m)
Net Investment Purchase And Sale — ($60.2m) $1.2m $8.2m $64.6m
Purchase Of Investment — ($70.5m) ($104.0m) ($61.9m) ($15.5m)
Proceeds from sale of investments — $10.2m $105.2m $70.1m $80.0m
Sale Of Investment — $10.2m $105.2m $70.1m $80.0m
Net Other Investing Changes — ($21.1m) ($20.8m) ($9.7m) ($27.5m)
Net cash flows from investing activities ($225.0m) $0 ($62.0m) ($7.9m) $108.9m
Proceeds from issuance of debt — $88.2m $131.8m $71.4m $27.3m
Payment of debt issuance costs — ($133k) ($1.1m) ($849k) ($2.0m)
Issuance Of Debt — $173.2m $131.8m $71.4m $27.3m
Long Term Debt Issuance — $173.2m $131.8m $71.4m $27.3m
Net Issuance Payments Of Debt — $121.2m $75.2m $4.6m ($132.5m)
Net Long Term Debt Issuance — $121.2m $75.2m $4.6m ($132.5m)
Repayment of debt — ($52.0m) ($56.7m) ($57.7m) ($138.6m)
Long Term Debt Payments — ($52.0m) ($56.7m) ($66.8m) ($159.8m)
Proceeds from common stock issuance, net of issuance costs — — — $0 $5.8m
Issuances of Class A common stock — — — $0 $2.7m
Issuance of Class A common stock upon cashless exercise of warrants — — $0 $4.3m $9.5m
Common Stock Issuance — — — $0 $5.8m
Net Common Stock Issuance — — — $0 $5.8m
Cash contributions - noncontrolling interests — $14.5m $9.5m $6.5m $6.6m
Cash distributions - noncontrolling interests — ($13.2m) ($21.4m) ($19.8m) ($28.9m)
Change in redemption value of redeemable noncontrolling interest $19.6m $2.2m $5.8m $268.4m $104.4m
Payment of dividends, preferred stock — — — $0 ($1.0m)
Cash Dividends Paid — ($9.0m) ($33.7m) $0 ($1.0m)
Common Stock Dividend Paid ($13.1m) ($9.0m) ($33.7m) $0 —
Preferred Stock Dividend Paid — — — $0 ($1.0m)
Net Other Financing Charges — $11.5m $295k ($14.1m) $9.7m
Net cash flows from financing activities $226.3m $1.1m $41.8m $38.9m ($118.0m)
Net increase (decrease) in cash and cash equivalents $319k ($231k) ($11.6m) $20.1m ($2.4m)
Cash and cash equivalents at beginning of period $319k $88k $11.6m $31.7m $29.3m
Change In Cash Supplemental As Reported — $2.0m ($11.6m) $20.1m ($2.4m)
Cash paid for interest — $6.0m $12.3m $19.7m $16.8m

Data sourced from SEC EDGAR 10-K filings via EdgarTools. Amounts are shown in USD as reported in each fiscal year filing.