Volato Group, Inc. (SOAR)

Volato Group Balance Sheet

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

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021
Period Ending	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Cash & Equivalents	3.76	14.49	5.78	1.61
Cash & Short-Term Investments	3.76	14.49	5.78	1.61
Cash Growth	-52.49%	150.75%	259.23%	-
Receivables	0.12	2.99	1.88	0.42
Prepaid Expenses	1.18	3.9	2.21	0.58
Other Current Assets	36.92	25.13	0.83	1.5
Total Current Assets	43.82	46.5	10.7	4.11
Property, Plant & Equipment	0.97	2.12	1.92	10.5
Long-Term Investments	-	0.15	1.16	0.16
Goodwill	0.64	0.64	0.64	-
Other Intangible Assets	1.35	1.39	1.62	0.16
Other Long-Term Assets	1.16	20.91	14.23	0.06
Total Assets	47.93	71.71	30.26	14.99
Accounts Payable	7.65	9.86	3.66	0.52
Accrued Expenses	-	-	-	0.02
Short-Term Debt	-	1	23.99	6
Current Portion of Long-Term Debt	30.59	19.34	0.06	-
Current Portion of Leases	0.04	0.33	0.28	-
Other Current Liabilities	28.13	17.11	2.16	0.55
Total Current Liabilities	66.41	47.64	30.16	7.08
Long-Term Debt	-	8.05	4.17	-
Long-Term Leases	0.14	0.97	1.29	-
Long-Term Deferred Tax Liabilities	0.31	0.31	0.31	-
Total Liabilities	67.57	56.96	35.93	7.08
Common Stock	0	0	0	0.01
Additional Paid-In Capital	82.77	78.41	5.19	5.12
Retained Earnings	-102.41	-63.66	-10.84	-1.47
Comprehensive Income & Other	-	-	-0.02	-0.05
Total Common Equity	-19.63	14.75	-5.67	3.61
Minority Interest	-	-	-	4.3
Shareholders' Equity	-19.63	14.75	-5.67	7.91
Total Liabilities & Equity	47.93	71.71	30.26	14.99
Total Debt	30.77	29.69	29.8	6
Net Cash (Debt)	-27.01	-15.2	-24.02	-4.39
Net Cash Per Share	-0.98	-1.00	-2.13	-0.71
Filing Date Shares Outstanding	29.78	29.25	7.12	6.14
Total Common Shares Outstanding	29.53	28.04	7.12	6.14
Working Capital	-22.58	-1.14	-19.46	-2.97
Book Value Per Share	-0.66	0.53	-0.80	0.59
Tangible Book Value	-21.61	12.73	-7.92	3.45
Tangible Book Value Per Share	-0.73	0.45	-1.11	0.56
Machinery	0.31	0.3	0.24	10.52

Source: S&P Capital IQ. Standard template. Financial Sources.