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INVESTMENTS (Tables) | 12 Months Ended
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Dec. 31, 2021
Equity Method Investments and Joint Ventures [Abstract] |
Equity Method Investments | The following table presents the ownership interests and carrying values of our investments:
|  |  |  |  | Carrying Value
| Investment |  | Ownership Percentage |  | December 31, 2021 |  | December 31, 2020
Advanced Engine Repair JV | Equity method |  | 25% |  | $ | 21,317 |  |  | $ | 22,721 |
Falcon MSN 177 LLC | Equity method |  | 50% |  | 1,600 |  |  | — |
Long Ridge Terminal LLC (1) | Equity method |  | 50% |  | — |  |  | 122,539 |
FYX Trust Holdco LLC | Equity |  | 14% |  | 1,255 |  |  | 1,255 |
GM-FTAI Holdco LLC | Equity method |  | See below |  | 52,295 |  |  | — |
Clean Planet Energy USA LLC | Equity method |  | 50% |  | 858 |  |  | — |
|  |  |  |  | $ | 77,325 |  |  | $ | 146,515 |
________________________________________________________ (1) The carrying value of $17.5 million as of December 31, 2021 is included in Other liabilities in the Consolidated Balance Sheets. The following table presents our proportionate share of equity in (losses) earnings:
| Year Ended December 31,
| 2021 |  | 2020 |  | 2019
Advanced Engine Repair JV | $ | (1,403) |  |  | $ | (1,931) |  |  | $ | (1,829) |
JGP Energy Partners LLC | — |  |  | — |  |  | (292) |
Intermodal Finance I, Ltd. | 470 |  |  | 114 |  |  | (62) |
Long Ridge Terminal LLC | (11,429) |  |  | (3,222) |  |  | (192) |
GM-FTAI Holdco LLC | (205) |  |  | — |  |  | — |
Clean Planet Energy USA LLC | (167) |  |  | — |  |  | — |
Total | $ | (12,734) |  |  | $ | (5,039) |  |  | $ | (2,375) |
Equity Method Investments Financial Information | The tables below present summarized financial information for Long Ridge Terminal LLC:
| December 31,
Balance Sheet | 2021 |  | 2020
Assets |  |  |
Cash and cash equivalents | $ | 2,932 |  |  | $ | 3,057 |
Restricted cash | 32,469 |  |  | 26,920 |
Accounts receivable, net | 17,896 |  |  | 5,711 |
Property, plant, and equipment, net | 764,607 |  |  | 612,234 |
Intangible assets, net | 4,940 |  |  | 5,320 |
Goodwill | 89,390 |  |  | 89,390 |
Other assets | 14,441 |  |  | 9,384 |
Total assets | $ | 926,675 |  |  | $ | 752,016 |
Liabilities |  |  |
Accounts payable and accrued liabilities | $ | 16,121 |  |  | $ | 25,173 |
Debt, net | 604,261 |  |  | 445,733 |
Other liabilities | 341,279 |  |  | 36,515 |
Total liabilities | 961,661 |  |  | 507,421 |
Equity |  |  |
Shareholders’ equity | (1,035) |  |  | 251,403 |
Accumulated deficit | (33,951) |  |  | (6,808) |
Total equity | (34,986) |  |  | 244,595 |
Total liabilities and equity | $ | 926,675 |  |  | $ | 752,016 |
| Year Ended December 31,
Income Statement | 2021 |  | 2020 |  |
Total revenue | 85,638 |  |  | 24,917 |  |  |
Expenses |  |  |  |  |
Operating expenses | 28,310 |  |  | 16,339 |  |  |
Depreciation and amortization | 24,836 |  |  | 11,004 |  |  |
Interest expense | 11,005 |  |  | 2,037 |  |  |
Total expenses | 64,151 |  |  | 29,380 |  |  |
Other expense | (44,302) |  |  | (1,967) |  |  |
Net loss | $ | (22,815) |  |  | $ | (6,430) |  |  |

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- Definition Tabular disclosure of equity method investments including, but not limited to, name of each investee or group of investments, percentage ownership, difference between recorded amount of an investment and the value of the underlying equity in the net assets, and summarized financial information. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 323 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=114001798&loc=d3e33918-111571 + Details
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