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INVESTMENTS (Tables) | 12 Months Ended
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Dec. 31, 2022
Equity Method Investments and Joint Ventures [Abstract] |
Equity Method Investments | The following table presents the ownership interests and carrying values of our investments:
| Investment |  | Ownership Percentage |  | December 31, 2022 |  | December 31, 2021
Intermodal Finance I, Ltd. | Equity method |  | 51% |  | $ | — |  |  | $ | — |
Long Ridge Energy & Power LLC (1) | Equity method |  | 50% |  | $ | — |  |  | $ | — |
FYX Trust Holdco LLC (2) | Equity at December 31, 2021 |  | 66% and 14% as of December 31, 2022 and December 31, 2021, respectively |  | — |  |  | 1,255 |
GM-FTAI Holdco LLC | Equity method |  | See below |  | 68,025 |  |  | 52,295 |
Clean Planet Energy USA LLC | Equity method |  | 50% |  | 5,564 |  |  | 858 |
|  |  |  |  | $ | 73,589 |  |  | $ | 54,408 |
______________________________________________________________________________________ (1) The carrying value of $187.2 million and $17.5 million as of December 31, 2022 and 2021, respectively, is included in Other Liabilities in the Consolidated and Combined Consolidated Balance Sheets. (2) See “Equity Investments - FYX Trust Holdco LLC” below for additional information regarding the FYX Trust Holdco LLC acquisition in May 2022. The following table presents our proportionate share of equity in (losses) earnings:
| Year Ended December 31,
| 2022 |  | 2021 |  | 2020
Intermodal Finance I, Ltd. | 151 |  |  | 470 |  |  | 115 |
Long Ridge Energy & Power LLC | (60,538) |  |  | (13,597) |  |  | (3,222) |
GM-FTAI Holdco LLC | (5,571) |  |  | (205) |  |  | — |
Clean Planet Energy USA LLC | (1,441) |  |  | (167) |  |  | — |
Total | $ | (67,399) |  |  | $ | (13,499) |  |  | $ | (3,107) |
Equity Method Investments Financial Information | The tables below present summarized fin ancial information for Long Ridge Energy & Power LLC:
| December 31,
Balance Sheet | 2022 |  | 2021
Assets |  |  |
Current assets |  |  |
Cash and cash equivalents | $ | 2,192 |  |  | $ | 2,932 |
Restricted cash | 20,732 |  |  | 32,469 |
Accounts receivable, net | 31,727 |  |  | 17,896 |
Other current assets | 5,732 |  |  | 8,857 |
Total current assets | 60,383 |  |  | 62,154 |
Property, plant, and equipment, net | 827,886 |  |  | 764,607 |
Intangible assets, net | 4,560 |  |  | 4,940 |
Goodwill | 86,460 |  |  | 89,390 |
Other assets | 8,540 |  |  | 5,584 |
Total assets | $ | 987,829 |  |  | $ | 926,675 |
Liabilities |  |  |
Current liabilities |  |  |
Accounts payable and accrued liabilities | $ | 87,498 |  |  | $ | 16,121 |
Debt, net | 38,526 |  |  | — |
Derivative liabilities | 125,134 |  |  | 47,369 |
Other current liabilities | 913 |  |  | 257 |
Total current liabilities | 252,071 |  |  | 63,747 |
Debt, net | 599,499 |  |  | 604,261 |
Derivative liabilities | 557,708 |  |  | 291,664 |
Other liabilities | 6,932 |  |  | 1,989 |
Total liabilities | 1,416,210 |  |  | 961,661 |
Equity |  |  |
Total equity | (428,381) |  |  | (34,986) |
Total liabilities and equity | $ | 987,829 |  |  | $ | 926,675 |
| Year Ended December 31,
Statement of Operations | 2022 |  | 2021 |  | 2020
Revenue | $ | 50,230 |  |  | $ | 85,638 |  |  | $ | 24,917 |
Expenses |  |  |  |  |
Operating expenses | 61,835 |  |  | 28,310 |  |  | 16,339 |
Depreciation and amortization | 51,243 |  |  | 24,836 |  |  | 11,004 |
Interest expense | 53,409 |  |  | 11,005 |  |  | 2,037 |
Total expenses | 166,487 |  |  | 64,151 |  |  | 29,380 |
Other expense | (4,577) |  |  | (44,302) |  |  | (1,967) |
Loss before income taxes | (120,834) |  |  | (22,815) |  |  | (6,430) |
Provision for income taxes | — |  |  | — |  |  | — |
Net Loss | $ | (120,834) |  |  | $ | (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 https://asc.fasb.org/extlink&oid=114001798&loc=d3e33918-111571 + Details
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