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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 141,493 $ 263,909
Accounts receivable, net 34,005 38,237
Parts and supplies inventories, net 21,242 20,400
Aircraft held for sale 36,900 30,496
Prepaid expenses 33,608 55,715
Other current assets 21,558 25,277
Total current assets 288,806 434,034
Property and equipment, net 287,395 337,714
Operating lease right-of-use assets 60,059 68,910
Goodwill 217,656 218,208
Intangible assets, net 107,269 117,766
Other non-current assets 125,104 139,428
Total assets 1,086,289 1,316,060
Current liabilities:    
Current maturities of long-term debt 21,152 23,998
Accounts payable 41,934 32,973
Accrued expenses 88,124 102,475
Deferred revenue, current 702,174 723,246
Other current liabilities 20,722 24,810
Total current liabilities 874,106 907,502
Long-term debt, net 218,612 235,074
Operating lease liabilities, non-current 49,887 54,956
Other non-current liabilities 14,743 18,655
Total liabilities 1,157,348 1,216,187
Commitments and contingencies (Note 13)
Total mezzanine equity 1,093 2,476
Equity:    
Common Stock, $0.0001 par value; 1,500,000,000 authorized; 698,057,072 and 697,131,838 shares issued and 697,663,854 and 696,856,131 shares outstanding as of June 30, 2024 and December 31, 2023, respectively 70 70
Additional paid-in capital 1,905,871 1,879,009
Accumulated deficit (1,957,626) (1,763,260)
Accumulated other comprehensive loss (12,344) (10,704)
Treasury stock, at cost, 393,218 and 275,707 shares, respectively (8,123) (7,718)
Total Wheels Up Experience Inc. stockholders’ equity (72,152) 97,397
Non-controlling interests 0 0
Total equity (72,152) 97,397
Total liabilities and equity $ 1,086,289 $ 1,316,060