flyExclusive Cash Flow Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022
Net Income	-57.44	-67.11	-101.5	-54.74	-4.15
Depreciation & Amortization	24.07	25.13	26.85	27.81	23.77
Stock-Based Compensation	5.05	4.48	0.75	0.88	-
Other Adjustments	28.11	27.1	26.54	13.85	-0.19
Change in Receivables	0.21	1.01	-4.59	17.42	-14.8
Changes in Inventories	0.92	0.58	-0.52	0.73	-3.89
Changes in Accounts Payable	6.73	12.75	4.69	7.61	4.5
Changes in Accrued Expenses	5.77	6.03	-0.76	2.42	11.76
Changes in Unearned Revenue	12.03	9.46	45.79	-4.16	40.31
Changes in Other Operating Activities	-1.9	-12.91	-7.99	-3.15	-11.65
Operating Cash Flow	16.54	6.69	-10.93	8.67	45.64
Operating Cash Flow Growth	261.66%	-	-	-81.01%	-
Capital Expenditures	-69.2	-56.89	-81.17	-104.43	-167.07
Sale of Property, Plant & Equipment	91.94	102.8	50.78	41.96	60.54
Purchases of Intangible Assets	0.08	-0.02	-0.49	-0.8	-0.52
Purchases of Investments	-4.86	-15.46	-61.88	-103.95	-70.46
Proceeds from Sale of Investments	11.58	80.03	70.08	105.19	10.24
Other Investing Activities	-0.48	-0.39	13.66	-	-
Investing Cash Flow	27.9	108.92	-7.87	-62.03	-167.27
Long-Term Debt Issued	35.67	27.28	71.41	131.84	173.2
Long-Term Debt Repaid	-91.12	-138.6	-57.74	-56.66	-51.95
Net Long-Term Debt Issued (Repaid)	-55.45	-111.32	13.67	75.18	121.25
Issuance of Common Stock	17.12	5.8	48.38	-	-
Net Common Stock Issued (Repurchased)	17.12	5.8	48.38	-	-
Issuance of Preferred Stock	-5.8	-	-	-	-
Net Preferred Stock Issued (Repurchased)	-5.8	-	-	-	-
Preferred Share Dividends Paid	-1.32	-1	-	-	-
Other Financing Activities	-33.06	-11.44	-23.18	-33.37	2.43
Financing Cash Flow	-40.53	-117.96	38.87	41.81	123.68
Net Cash Flow	-6.73	-2.35	20.07	-11.55	2.05
Free Cash Flow	-52.66	-50.2	-92.1	-95.76	-121.44
FCF Margin	-13.71%	-13.35%	-28.14%	-30.37%	-37.94%
Free Cash Flow Per Share	-1.67	-1.84	-3.87	-5.75	-0.29
Levered Free Cash Flow	-105.13	-154.75	-25.01	-44.83	14.81
Unlevered Free Cash Flow	-63.7	-63.13	-95.93	-110.49	-114.6

SEC Filings: 10-K · 10-Q