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Consolidated Balance Sheets
$ in Thousands
Dec. 31, 2022
USD ($)
Current assets  
Cash and cash equivalents $ 23,179
Other receivables 4,925
Notes receivable, current portion 261
Parts and supplies inventory 5,872
Investments in securities 69,448
Prepaid engine overhauls, current portion 5,127
Prepaid expenses and other current assets 5,865
Total current assets 131,761
Notes receivable, non-current portion, net 4,856
Property and equipment, net 252,693
Operating lease right-of-use assets 51,051
Intangible assets, net 2,432
Prepaid engine overhauls, non-current portion 48,310
Other non-current assets 484
Total assets 494,216
Current liabilities  
Excise tax payable 0
Long-term notes payable, current portion 23,581
Deferred revenue, current portion 58,023
Operating lease liabilities, current portion 9,782
Other current liabilities 21,777
Total current liabilities 138,695
Long-term notes payable, non-current portion 222,320
Operating lease liabilities, non-current portion 40,731
Deferred revenue, non-current portion 2,579
Derivative liability 971
Other non-current liabilities 41,503
Total liabilities 446,799
Commitments and contingencies (Note 23)
Temporary equity  
Redeemable noncontrolling interest 0
Stockholders' equity  
Accumulated other comprehensive loss (476)
Members' equity  
LGM Enterprises, LLC members' deficit (4,641)
Accumulated other comprehensive loss (476)
Total flyExclusive stockholders’ equity (5,117)
Noncontrolling interests 52,534
Total stockholders’ equity 47,417
Total liabilities, temporary equity and stockholders' / members' equity 494,216
Nonrelated Party  
Current assets  
Accounts receivable, net 14,088
Current liabilities  
Accounts payable 21,756
Short-term notes payable 3,704
Related Party  
Current assets  
Accounts receivable, net 2,996
Due from related parties, non-current 2,629
Current liabilities  
Accounts payable 72
Short-term notes payable $ 0