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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended 12 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Dec. 31, 2023
Dec. 31, 2022
Cash flows from operating activities:        
Net income (loss) $ (60,844) $ (5,881) $ (54,738) $ (4,152)
Adjustments to reconcile net loss to net cash from operating activities:        
Depreciation and amortization 13,173 13,477 26,982 23,114
Amortization of contract costs 547 339 827 653
Non-cash interest income (1,402) (1,624) (2,983) 0
Non-cash interest expense 747 4,857 9,949 2,338
Non-cash rent expense 10,787 7,815 18,278 12,986
Gain on lease termination (138) (29) (29) (143)
Loss (Gain) on aircraft held for sale 1,417 (2,865)    
Change in fair value of derivative liability 0 (107) 14,589 (470)
Provision for credit losses 1,916 (1) 2,557 30
Realized losses on investment securities 46 243 238 400
Change in fair value of warrant liability 3,679 0 334 0
Changes in operating assets and liabilities, net of effects from acquisitions:        
Other receivables (1,066) 1,058 465 (5,680)
Parts and supplies inventory (908) (2,013) 730 (3,892)
Prepaid expenses and other current assets 811 (783) 344 (1,981)
Operating lease liabilities (10,973) (6,704) (16,353) (12,784)
Other assets (73) (30) (187) (551)
Other current liabilities (3,945) 3,366 2,416 11,757
Other non-current liabilities 6,390 2,621 13,051 3,664
Net cash flows from operating activities (42,170) (7,322) 8,665 45,639
Cash flows from investing activities:        
Capitalized development costs (274) (352) (802) (520)
Purchases of property and equipment (28,131) (36,768) (83,636) (145,970)
Proceeds from sales of property and equipment 23,734 29,459 41,964 60,542
Purchases of engine overhauls (9,801) (9,112) (20,791) (21,104)
Purchases of investments (41,635) (58,174) (103,951) (70,457)
Proceeds from sale of investments 44,543 59,477 105,185 10,243
Notes receivable paydowns 15,015 0    
Net cash flows from investing activities 3,451 (15,470) (62,031) (167,266)
Cash flows from financing activities:        
Proceeds from issuance of debt 71,413 65,185 131,840 88,197
Repayment of debt (50,458) (21,791) (56,660) (51,952)
Payment of deferred financing costs 0 (1,168) (3,261) (71)
Payment of debt issuance costs (2,844) (151) (1,096) (133)
Proceeds from notes receivable noncontrolling interest 0 138 4,181 261
Cash contributions from members 0 325 3,959 10,078
Cash distributions to members 0 (27,332) (33,662) (9,037)
Cash contributions - noncontrolling interests 260 8,351 9,541 14,549
Cash distributions - noncontrolling interests (6,189) (9,751) (21,379) (13,217)
Proceeds from preferred temporary equity issuance, net of issuance costs 24,250 0    
Net cash flows from financing activities 36,432 13,806 41,813 123,675
Net decrease in cash and cash equivalents (2,287) (8,986) (11,553) 2,048
Cash and cash equivalents at beginning of period 11,626 23,179 23,179 21,131
Cash and cash equivalents at end of period 9,339 14,193 11,626 23,179
Non-cash investing and financing activities:        
Exchange of EGA public warrants for flyExclusive Class A common stock 371 0 82 0
Change in redemption value of redeemable noncontrolling interest 186,707 0 5,826 0
flyExclusive Class A common stock issued on cashless exercise of public warrants 4,337 0    
Issuance of penny warrants in connection with Series A Preferred temporary equity issuance 3,746 0    
Increase in dividends payable and accreted discount on Series A Preferred Temporary Equity 1,257 0    
Transfers from prepaid engine overhaul to property and equipment 8,305 4,052 11,409 10,274
Change in purchases of property and equipment in accounts payable 0 18 930 994
Unrealized change in fair value of available-for-sale securities 193 (17) 407 498
Right of use asset impact for new leases 3,571 21,671    
Non-cash exchanges of non-controlling ownership interests 6,892 0    
Fractional Ownership        
Changes in operating assets and liabilities, net of effects from acquisitions:        
Deferred revenue (2,797) 5,347 33,338 27,807
Guaranteed Revenue Program        
Changes in operating assets and liabilities, net of effects from acquisitions:        
Deferred revenue 0 (37,500) (37,500) 12,500
Private Placement Warrants        
Adjustments to reconcile net loss to net cash from operating activities:        
Change in fair value of warrant liability 1,451 0 130 0
Penny Warrants        
Adjustments to reconcile net loss to net cash from operating activities:        
Change in fair value of warrant liability (2,324) 0    
Public Warrants        
Adjustments to reconcile net loss to net cash from operating activities:        
Change in fair value of warrant liability 4,552 0 204 0
Nonrelated Party        
Changes in operating assets and liabilities, net of effects from acquisitions:        
Accounts receivable (188) 13,202 13,240 (6,256)
Accounts payable 510 (79) 7,680 4,454
Related Party        
Changes in operating assets and liabilities, net of effects from acquisitions:        
Accounts receivable 141 (1,959) 3,714 (2,867)
Accounts payable $ 0 $ (72) $ (72) $ 45