← REPUBLIC AIRWAYS HOLDINGS INC.
| Annual Trend | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| ASSETS | ||||||||||
| Current assets: | ||||||||||
| Cash and Cash Equivalents, at Carrying Value | — | $103.3m | $68.9m | $99.4m | $120.5m | $57.7m | $32.9m | $40.0m | $134.3m | |
| Prepaid Expense and Other Assets, Current | — | $40.9m | $40.9m | $16.1m | $6.9m | $6.6m | $7.3m | $2.6m | — | |
| Cash and cash equivalents | $56.8m | $103.3m | $68.9m | $99.4m | $120.5m | $57.7m | $32.9m | $15.6m | $134.3m | |
| Receivables | — | — | — | — | — | — | $32.5m | $40.9m | $90.2m | |
| Other current assets | — | — | — | — | — | — | $11.1m | $26.0m | $42.1m | |
| Allowance For Doubtful Accounts Receivable | — | — | — | — | — | — | ($1.3m) | ($1.7m) | ($2.5m) | |
| Cash Cash Equivalents And Short Term Investments | — | — | — | — | — | — | $342.2m | $302.0m | $296.5m | |
| Gross Accounts Receivable | — | — | — | — | — | — | $11.0m | $11.5m | $23.5m | |
| Other Short Term Investments | — | — | — | — | — | — | $249.8m | $191.5m | $162.2m | |
| Inventory, Net | — | — | — | — | — | — | $59.2m | $63.0m | $88.5m | |
| Assets, Current | — | $197.9m | $157.8m | $155.6m | $158.4m | $98.3m | $138.6m | $160.7m | $540.7m | |
| Total current assets | $145.8m | $197.9m | $157.8m | $155.6m | $158.4m | $98.3m | $138.6m | $61.3m | $540.7m | |
| Property, Plant and Equipment, Net | $1.2b | $1.3b | $1.3b | $1.2b | $1.2b | $865.3m | $698.0m | $203.6m | $2.4b | |
| Goodwill | — | — | — | — | — | — | — | $2.1m | $122.5m | |
| Intangible Assets, Net (Excluding Goodwill) | — | $11.3m | $9.5m | $8.0m | $6.8m | $3.8m | — | — | — | |
| Goodwill And Other Intangible Assets | — | — | — | — | — | — | — | $2.1m | $122.5m | |
| Operating Lease, Right-of-Use Asset | — | — | — | $123.3m | $93.1m | $43.1m | $9.7m | $6.6m | $131.7m | |
| Other Assets, Noncurrent | — | $9.7m | $8.8m | $742k | $36.1m | $16.3m | $30.5m | $6.8m | — | |
| Operating lease right-of-use assets | — | — | — | $123.3m | $93.1m | $43.1m | $9.7m | $7.2m | $131.7m | |
| Non-current liabilities: | ||||||||||
| Additional Financial Items | ||||||||||
| Accrued Liabilities, Current | — | — | — | — | — | — | — | — | $219.8m | |
| Marketable securities | $0 | $19.9m | $0 | — | — | — | — | $191.5m | $162.2m | |
| Restricted cash | $3.6m | $3.8m | $3.6m | $3.4m | $3.4m | $3.3m | $3.1m | $3.0m | $23.4m | |
| Other non-current assets | $5.7m | $9.7m | $8.8m | $742k | $36.1m | $16.3m | $30.5m | $7.7m | $71.7m | |
| Current portion of operating lease liabilities | — | — | — | $43.9m | $32.7m | $17.2m | $3.5m | $1.7m | $16.5m | |
| Operating lease liabilities – less current portion | — | — | — | $62.5m | $34.0m | $16.7m | $8.1m | $6.9m | $123.9m | |
| Other non-current liabilities | $39.7m | $31.2m | $24.5m | $1.4m | $34.6m | $29.2m | $28.5m | $28.6m | $146.1m | |
| Deferred income taxes | $56.4m | $39.8m | $55.3m | $64.3m | $69.9m | $17.7m | $8.4m | $8.2m | $220.9m | |
| Restricted stock units (“RSUs”), zero and 2,892,094 authorized; zero and 102,901 shares issued and outstanding, respectively | — | — | — | — | — | — | — | 5.8m | 0 | |
| Accumulated Depreciation | — | — | — | — | — | — | ($1.2b) | ($1.3b) | ($1.4b) | |
| Assets Held For Sale Current | — | — | — | — | — | — | $13.6m | $0 | — | |
| Capital Lease Obligations | — | — | — | — | — | — | $139.6m | $131.1m | $140.4m | |
| Current Accrued Expenses | — | — | — | — | — | — | $137.0m | $152.1m | $215.3m | |
| Current Capital Lease Obligation | — | — | — | — | — | — | $15.7m | $13.5m | $16.5m | |
| Current Debt | — | — | — | — | — | — | $238.7m | $259.6m | $202.0m | |
| Current Debt And Capital Lease Obligation | — | — | — | — | — | — | $254.4m | $273.1m | $218.5m | |
| Current Deferred Liabilities | — | — | — | — | — | — | $17.8m | $16.8m | $4.5m | |
| Duefrom Related Parties Current | — | — | — | — | — | — | $22.8m | $42.1m | $85.1m | |
| Duefrom Related Parties Non Current | — | — | — | — | — | — | $25.2m | $35.0m | $31.7m | |
| Dueto Related Parties Non Current | — | — | — | — | — | — | $7.4m | $41.8m | $103.2m | |
| Gross PPE | — | — | — | — | — | — | $3.4b | $3.5b | $3.9b | |
| Invested Capital | — | — | — | — | — | — | $2.2b | $2.1b | $2.4b | |
| Long Term Capital Lease Obligation | — | — | — | — | — | — | $123.9m | $117.6m | $123.9m | |
| Machinery Furniture Equipment | — | — | — | — | — | — | $66.2m | $67.2m | $75.0m | |
| Net Debt | — | — | — | — | — | — | $1.0b | $901.3m | $950.6m | |
| Net PPE | — | — | — | — | — | — | $2.2b | $2.2b | $2.5b | |
| Net Tangible Assets | — | — | — | — | — | — | $1.1b | $1.1b | $1.2b | |
| Non Current Accounts Receivable | — | — | — | — | — | — | $25.2m | $35.0m | $31.7m | |
| Non Current Deferred Liabilities | — | — | — | — | — | — | $188.8m | $206.0m | $220.9m | |
| Ordinary Shares Number | — | — | — | — | — | — | — | $45.7m | $45.7m | |
| Other Current Borrowings | — | — | — | — | — | — | $238.7m | $259.6m | $202.0m | |
| Other Equity Interest | — | — | — | — | — | — | $4.8m | $5.8m | — | |
| Other Properties | — | — | — | — | — | — | $132.5m | $122.9m | $131.7m | |
| Properties | — | — | — | — | — | — | $129.2m | $158.9m | $211.3m | |
| Share Issued | — | — | — | — | — | — | — | $45.7m | $45.7m | |
| Tangible Book Value | — | — | — | — | — | — | $1.1b | $1.1b | $1.2b | |
| Tradeand Other Payables Non Current | — | — | — | — | — | — | $0 | $0 | $0 | |
| Working Capital | — | — | — | — | — | — | $23.6m | ($35.8m) | ($33.6m) | |
| Liabilities, Noncurrent | — | $846.5m | $769.3m | $690.7m | $710.4m | $593.0m | $430.5m | $132.2m | — | |
| Total shareholders’ equity | $222.2m | $374.5m | $425.9m | $457.9m | $488.0m | $308.2m | $200.0m | $110.2m | $1.3b | |
| Total Capitalization | — | — | — | — | — | — | $1.9b | $1.9b | $2.2b | |
| Total Debt | — | — | — | — | — | — | $1.2b | $1.1b | $1.2b | |
| Total Non Current Assets | — | — | — | — | — | — | $2.3b | $2.3b | $2.7b | |
| Assets | — | $1.5b | $1.5b | $1.5b | $1.5b | $1.1b | $898.5m | $383.6m | $3.3b | |
| TOTAL ASSETS | $1.4b | $1.5b | $1.5b | $1.5b | $1.5b | $1.1b | $898.5m | $596.9m | $3.3b | |
| LIABILITIES AND EQUITY | ||||||||||
| Current liabilities: | ||||||||||
| Operating Lease, Liability, Current | — | — | — | $43.9m | $32.7m | $17.2m | $3.5m | $1.4m | $16.5m | |
| Accounts Payable, Current | $44.7m | $54.3m | $49.9m | $53.2m | $61.5m | $59.4m | $59.0m | $60.9m | $96.2m | |
| Long-term Debt, Current Maturities | — | $155.2m | $165.9m | $189.3m | $111.7m | $97.2m | $163.6m | $143.3m | — | |
| Operating Lease, Liability, Noncurrent | — | — | — | $62.5m | $34.0m | $16.7m | $8.1m | $6.5m | $123.9m | |
| Long-term Debt, Excluding Current Maturities | — | $760.2m | $677.4m | $542.5m | $539.7m | $502.5m | $364.7m | $83.8m | $1.0b | |
| Deferred Revenue, Current | — | — | — | $9.4m | $6.3m | $385k | $4.9m | $5.0m | $4.5m | |
| Deferred Revenue, Noncurrent | — | — | — | $14.4m | $28.2m | $23.7m | $16.2m | $10.3m | $4.5m | |
| Current portion of long-term debt and finance leases | $140.5m | $155.2m | $165.9m | $189.3m | $111.7m | $97.2m | $163.6m | $50.5m | $202.0m | |
| Accrued and other liabilities | — | — | — | — | — | — | — | $168.9m | $219.8m | |
| Accounts payable and accrued and other liabilities—related parties | — | — | — | — | — | — | — | $9.9m | $39.8m | |
| Long-term debt and finance leases – less current portion | $803.9m | $760.2m | $677.4m | $542.5m | $539.7m | $502.5m | $364.7m | $259.8m | $882.9m | |
| Payables And Accrued Expenses | — | — | — | — | — | — | $183.9m | $199.2m | $351.3m | |
| Liabilities, Current | — | $251.4m | $256.7m | $353.3m | $258.2m | $214.5m | $267.9m | $252.7m | $574.3m | |
| Total current liabilities | $218.2m | $251.4m | $256.7m | $353.3m | $258.2m | $214.5m | $267.9m | $174.5m | $574.3m | |
| Deferred Income Tax Liabilities, Net | — | — | — | $64.3m | $69.9m | $17.7m | $8.4m | $2.9m | $220.9m | |
| Other Liabilities, Noncurrent | — | $31.2m | $24.5m | $1.4m | $34.6m | $29.2m | $28.5m | $26.7m | — | |
| Long Term Debt And Capital Lease Obligation | — | — | — | — | — | — | $989.5m | $869.8m | $1.0b | |
| Non Current Deferred Taxes Liabilities | — | — | — | — | — | — | $188.8m | $206.0m | $220.9m | |
| Deferred Tax Liabilities, Net | — | $39.8m | $55.3m | $64.3m | $69.9m | $17.7m | $8.4m | $2.9m | $220.9m | |
| Liabilities | — | $1.1b | $1.0b | $1.0b | $968.5m | $807.4m | $698.4m | $385.0m | $1.9b | |
| Total liabilities | $1.1b | $1.1b | $1.0b | $1.0b | $968.5m | $807.4m | $698.4m | $486.6m | $1.9b | |
| Stockholders’ equity: | ||||||||||
| Common Stock, Value, Issued | — | — | — | — | — | — | — | — | $0 | |
| Additional Paid in Capital | — | — | — | — | — | — | $478.0m | $478.0m | $620.0m | |
| Retained Earnings (Accumulated Deficit) | $107.8m | $139.8m | $187.4m | $215.1m | $231.7m | $49.0m | ($71.1m) | ($274.1m) | $708.5m | |
| Common stock, $0.001 par value, 5,000,000,000 shares authorized; 45,713,286 and 38,993,300 shares issued and outstanding, respectively | — | — | — | — | — | — | — | 0 | 0 | |
| Capital Stock | — | — | — | — | — | — | $0 | $0 | $0 | |
| Stockholders' Equity Attributable to Parent | — | $374.5m | $425.9m | $457.9m | $488.0m | $308.2m | $200.0m | ($1.4m) | $1.3b | |
| Total Equity Gross Minority Interest | — | — | — | — | — | — | $1.1b | $1.1b | $1.3b | |
| Total Non Current Liabilities Net Minority Interest | — | — | — | — | — | — | $1.2b | $1.2b | $1.4b | |
| Liabilities and Equity | — | $1.5b | $1.5b | $1.5b | $1.5b | $1.1b | $898.5m | $383.6m | $3.3b | |
| TOTAL LIABILITIES, MEZZANINE EQUITY, AND SHAREHOLDERS’ EQUITY | $1.4b | $1.5b | $1.5b | $1.5b | $1.5b | $1.1b | $898.5m | $596.9m | $3.3b |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.