FTAI Aviation Ltd. (FTAI)

FTAI Aviation Cash Flow Statement

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

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Net Income	501.06	8.68	243.82	-193.21	-104.23
Depreciation & Amortization	232.51	233.66	185	207.17	206.75
Other Amortization	46.94	39.83	37.5	42.22	44.71
Loss (Gain) From Sale of Assets	-423.92	-377.91	-160.74	-141.68	-49.03
Asset Writedown & Restructuring Costs	-	0.96	2.12	137.22	10.46
Loss (Gain) on Equity Investments	6.82	2.2	1.61	46.97	12.73
Stock-Based Compensation	21.73	6.01	1.64	2.62	4.04
Provision & Write-off of Bad Debts	0.57	2.78	6.58	47.98	12.95
Other Operating Activities	6.03	150.25	-112.61	-41.22	-67
Change in Accounts Receivable	-42.43	-41.2	-40.36	-65.97	-88.87
Change in Inventory	-645.46	-206.88	-31.88	-23.27	-
Change in Accounts Payable	122.78	15.89	1.25	-19.6	25.08
Change in Other Net Operating Assets	-137.39	-22.23	-4.94	-19.89	-29.63
Operating Cash Flow	-310.75	-187.96	128.98	-20.66	-22.04
Capital Expenditures	-745.15	-1,235	-778.45	-785.42	-584.69
Sale of Property, Plant & Equipment	1,712	969.28	477.89	414.23	5.09
Cash Acquisitions	-49.09	-147.62	-29.63	-3.82	-627.09
Sale (Purchase) of Intangibles	2.51	3.17	-20.96	-31.13	-24.02
Investment in Securities	-301.43	-	-19.5	-7.34	-54.66
Other Investing Activities	105.19	5.46	-6.33	-	-8.99
Investing Cash Flow	723.31	-469.5	-373.35	-411.25	-1,287
Long-Term Debt Issued	480	2,582	951.67	813.98	2,894
Long-Term Debt Repaid	-480	-1,672	-605	-1,145	-1,553
Net Debt Issued (Repaid)	-	909.52	346.67	-330.55	1,341
Issuance of Common Stock	-	-	0.01	-	323.12
Preferred Dividends Paid	-17.24	-32.76	-31.8	-27.16	-24.76
Common Dividends Paid	-128.21	-121.58	-119.85	-128.48	-118.01
Dividends Paid	-145.45	-154.34	-151.64	-155.65	-142.77
Other Financing Activities	42.41	31.99	25.45	531.11	-34.81
Financing Cash Flow	-227.21	681.81	282.21	44.91	1,588
Net Cash Flow	185.36	24.36	37.84	-387	278.64
Free Cash Flow	-1,056	-1,423	-649.47	-806.07	-606.73
Free Cash Flow Margin	-42.11%	-82.02%	-55.47%	-113.79%	-180.80%
Free Cash Flow Per Share	-10.17	-14.02	-6.47	-8.11	-6.75
Cash Interest Paid	235.16	222.12	150.62	185.14	142.2
Cash Income Tax Paid	15.66	5.66	1.39	3.28	0.4
Levered Free Cash Flow	-772.45	-1,111	-671.98	782.04	-1,958
Unlevered Free Cash Flow	-629.41	-983.46	-579.82	868.77	-1,883
Change in Working Capital	-702.5	-254.42	-75.93	-128.73	-93.42

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q