Summary
FTAI Aviation Ltd. (FTAI) filed its 2015 10-K on March 10, 2016, detailing its business operations primarily focused on acquiring and managing transportation and infrastructure assets. The company operates across aviation, energy, intermodal transport, and rail sectors. As of December 31, 2015, FTAI reported total consolidated assets of $1.6 billion and total equity of $1.3 billion. The business is structured around two main units: Infrastructure (including Jefferson Terminal and CMQR railroad) and Equipment Leasing (aviation, offshore energy, and shipping containers). Financially, FTAI experienced significant revenue growth, driven by acquisitions made in 2014 and 2015, particularly in the Aviation Leasing and Infrastructure segments. However, the company reported a net loss attributable to shareholders of $11.8 million for 2015, a decrease from a net income of $7.8 million in 2014. This shift was influenced by increased operating expenses, management fees, depreciation, and interest expenses, partially offset by lower acquisition costs. The company's strategy involves proactive investment in key secular trends, seeking undervalued assets, and adding value through active management, leveraging its Manager's expertise and relationships.
Financial Highlights
45 data points| Revenue | $136.57M |
| Operating Expenses | $161.68M |
| Interest Expense | $19.31M |
| Net Income | -$11.83M |
| EPS (Basic) | $-0.18 |
| EPS (Diluted) | $-0.18 |
| Shares Outstanding (Basic) | 67.04M |
| Shares Outstanding (Diluted) | 67.04M |
Key Highlights
- 1Total consolidated assets reached $1.6 billion by December 31, 2015, with total equity at $1.3 billion.
- 2FTAI operates across four key sectors: Aviation, Energy, Intermodal Transport, and Rail.
- 3The company completed an Initial Public Offering (IPO) on May 20, 2015, raising capital for future asset acquisitions.
- 4Revenue increased significantly from $57.9 million in 2014 to $136.6 million in 2015, primarily due to acquisitions and full-year operations of newly acquired assets.
- 5Despite revenue growth, FTAI reported a net loss attributable to shareholders of $11.8 million in 2015, compared to a net income of $7.8 million in 2014, impacted by increased operating expenses and financing costs.
- 6Key operational segments include Aviation Leasing, Offshore Energy, Shipping Containers, Jefferson Terminal (infrastructure), and Railroad (CMQR).
- 7The company is externally managed by FIG LLC, an affiliate of Fortress Investment Group LLC.