← REPUBLIC AIRWAYS HOLDINGS INC.
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | ||||||||||||
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||||||||||
| Net Income From Continuing Operations | — | — | — | — | — | — | $67.8m | $54.8m | $64.6m | $76.2m | $76.2m | |
| Net Income (Loss) Attributable to Parent | $14.9m |
$32.8m
+120.03%
|
$33.3m
+1.30%
|
$47.6m
+43.08%
|
$27.5m
-42.28%
|
$16.6m
-39.60%
|
($182.7m)
-1201.27%
|
($120.1m)
+34.25%
|
($91.0m)
+24.23%
|
$76.2m
+183.72%
|
— | |
| Depreciation, Depletion and Amortization | $46.0m | $61.0m | $65.0m | $78.0m | $82.3m | $82.8m | $81.5m | $60.4m | $40.0m | $126.3m | $126.3m | |
| Amortization of Intangible Assets | — | — | $400k | $1.8m | $1.5m | $1.2m | $1.0m | $100k | — | — | — | |
| Depreciation | $46.0m | $61.0m | $64.6m | $76.2m | $80.8m | $81.2m | $80.5m | $60.2m | $40.0m | $126.3m | $126.3m | |
| Depreciation Amortization Depletion | — | — | — | — | — | — | $149.7m | $159.4m | $117.0m | $126.3m | $126.3m | |
| Deferred Income Tax Expense (Benefit) | — | — | ($17.9m) | $15.5m | $9.2m | $5.7m | ($52.2m) | ($9.3m) | ($242k) | $33.9m | $33.9m | |
| Deferred income taxes | $9.5m | $20.5m | ($17.9m) | $15.5m | $9.2m | $5.7m | ($52.2m) | ($9.3m) | ($242k) | $33.9m | $33.9m | |
| Deferred Income Tax | — | — | — | — | — | — | $19.6m | $29.3m | $17.2m | $33.9m | $33.9m | |
| Deferred Tax | — | — | — | — | — | — | $19.6m | $29.3m | $17.2m | $33.9m | $33.9m | |
| Share-based Payment Arrangement, Noncash Expense | — | — | $12.9m | $5.5m | $4.4m | $3.1m | $2.8m | $2.3m | $1.3m | $20.2m | $20.2m | |
| Payment, Tax Withholding, Share-based Payment Arrangement | — | — | — | — | — | — | — | $363k | $138k | $9.1m | — | |
| Share-based Payment Arrangement, Expense | — | — | $12.9m | $5.5m | $4.4m | $3.1m | $2.8m | $2.3m | $1.3m | — | $20.2m | |
| Stock-based compensation expense | $1.5m | $1.3m | $12.9m | $5.5m | $4.4m | $3.1m | $2.8m | $2.3m | $1.3m | $20.2m | $20.2m | |
| Goodwill, Impairment Loss | — | — | — | — | — | — | — | — | — | $0 | — | |
| Impairment of Intangible Assets (Excluding Goodwill) | — | — | — | — | — | — | — | $54.3m | $73.7m | — | — | |
| Operating Lease, Impairment Loss | — | — | — | — | — | — | $200k | $0 | $0 | — | — | |
| Other Nonoperating Income (Expense) | — | — | ($66k) | ($19k) | $843k | $401k | ($801k) | ($148k) | ($1.6m) | — | — | |
| Nonoperating Income (Expense) | — | — | ($56.8m) | ($57.9m) | ($43.2m) | ($40.8m) | ($44.9m) | ($44.5m) | ($24.7m) | ($54.9m) | — | |
| Changes in operating assets and liabilities: | ||||||||||||
| Change In Working Capital | — | — | — | — | — | — | ($60.0m) | $84.1m | $20.5m | $59.5m | $59.5m | |
| Receivables | $1.9m | $530k | ($5.4m) | ($9.3m) | $9.4m | $10.5m | ($811k) | ($4.3m) | $3.0m | ($7.5m) | ($7.5m) | |
| Change In Receivables | — | — | — | — | — | — | ($54.1m) | $55.3m | ($10.9m) | ($7.5m) | ($7.5m) | |
| Changes In Account Receivables | — | — | — | — | — | — | $500k | ($200k) | ($2.5m) | $30.5m | ($7.5m) | |
| Increase (Decrease) in Inventories | — | — | $744k | $6.3m | $1.5m | $1.9m | $2.9m | $2.5m | $1.3m | ($400k) | $400k | |
| Inventory Write-down | — | — | $200k | $642k | — | $380k | $634k | — | — | — | — | |
| Inventories | ($1.7m) | ($3.4m) | ($744k) | ($6.3m) | ($1.5m) | ($1.9m) | ($2.9m) | ($2.5m) | ($1.3m) | $400k | $400k | |
| Change In Inventory | — | — | — | — | — | — | ($4.3m) | $4.6m | ($2.1m) | $400k | $400k | |
| Increase (Decrease) in Accounts Payable | — | — | $2.4m | $12.1m | $3.4m | $7.9m | ($2.8m) | $496k | $13.7m | — | $20.0m | |
| Accounts payable and other current liabilities | — | — | — | — | — | — | — | $32.0m | $24.2m | $20.0m | $20.0m | |
| Other assets | — | — | — | — | — | — | — | ($12.0m) | ($31.5m) | ($17.4m) | — | |
| Change In Other Current Assets | — | — | — | — | — | — | — | ($12.0m) | ($31.5m) | ($17.4m) | ($17.4m) | |
| Change In Other Current Liabilities | — | — | — | — | — | — | $2.2m | $4.2m | $40.8m | $64.0m | $64.0m | |
| Other Operating Income (Expense), Net | — | — | — | — | — | — | ($7.2m) | ($3.5m) | ($6.6m) | — | — | |
| Net Cash Provided by (Used in) Operating Activities | $104.5m |
$74.7m
-28.49%
|
$118.9m
+59.16%
|
$151.7m
+27.52%
|
$174.7m
+15.15%
|
$132.9m
-23.93%
|
$13.4m
-89.94%
|
($24.1m)
-280.29%
|
$34.2m
+242.14%
|
$322.0m
+840.31%
|
$322.0m
0.00%
|
|
| Cash flows from investing activities: | ||||||||||||
| Gain (Loss) on Disposition of Property Plant Equipment, Excluding Oil and Gas Property and Timber Property | — | — | ($307k) | $5k | ($401k) | ($78k) | $4.7m | $133.5m | $86.1m | $700k | — | |
| Payments to Acquire Property, Plant, and Equipment | ($490.1m) | ($84.5m) | ($118.0m) | ($125.3m) | ($26.7m) | ($17.1m) | ($40.8m) | ($36.6m) | ($20.3m) | $396.9m | ($327.8m) | |
| Gain (Loss) on Investments | — | — | — | — | — | ($6.8m) | ($13.7m) | — | — | — | — | |
| Unrealized Gain (Loss) on Investments | — | — | — | — | — | — | — | $5.4m | ($6.1m) | — | — | |
| Proceeds from the sale of marketable securities | — | — | — | — | — | — | — | $120.0m | $255.3m | $212.5m | — | |
| Payments to Acquire Investments | — | — | — | — | — | — | — | — | — | $176.2m | ($159.3m) | |
| Purchases of marketable securities and investments | — | — | — | — | — | — | — | ($282.8m) | ($187.3m) | ($176.2m) | — | |
| Net Other Investing Changes | — | — | — | — | — | — | $1.4m | $133.5m | $86.1m | $700k | $23.0m | |
| Net Cash Provided by (Used in) Investing Activities | ($491.1m) | ($84.1m) | ($138.8m) | ($104.8m) | ($26.7m) | ($33.5m) | $1.4m | $142.3m | $148.8m | ($350.9m) | ($241.3m) | |
| Cash flows from financing activities: | ||||||||||||
| Gain (Loss) on Extinguishment of Debt | — | — | — | ($3.6m) | — | $950k | ($397k) | ($1.5m) | $3.0m | — | — | |
| Proceeds from Issuance of Long-term Debt | — | — | $187.7m | $171.7m | $23.0m | $195.0m | $39.8m | $60.9m | $86.9m | — | $199.5m | |
| Proceeds from issuance of debt | — | — | — | — | — | — | $71.7m | $476.6m | $177.3m | $299.4m | $199.5m | |
| Long Term Debt Issuance | — | — | — | — | — | — | $71.7m | $476.6m | $177.3m | $299.4m | $199.5m | |
| Net Issuance Payments Of Debt | — | — | — | — | — | — | ($187.3m) | $216.5m | ($62.8m) | $67.8m | ($4.0m) | |
| Net Long Term Debt Issuance | — | — | — | — | — | — | ($187.3m) | $216.5m | ($62.8m) | $67.8m | ($4.0m) | |
| Payments on debt and finance lease obligations | — | — | — | — | — | — | — | ($260.1m) | ($240.1m) | ($231.6m) | — | |
| Payments on early debt extinguishment | — | — | — | ($1.7m) | — | — | — | ($101.0m) | ($922k) | $0 | — | |
| Long Term Debt Payments | — | — | — | — | — | — | ($259.0m) | ($260.1m) | ($240.1m) | ($231.6m) | ($203.5m) | |
| Repayment Of Debt | — | — | — | — | — | — | ($259.0m) | ($260.1m) | ($240.1m) | ($231.6m) | ($203.5m) | |
| Proceeds from Issuance of Common Stock | — | — | $124.2m | — | — | — | — | — | — | — | — | |
| Payments for Repurchase of Common Stock | — | — | $5.0m | $1.9m | $586k | $1.5m | $455k | — | — | — | — | |
| Proceeds from (Payments for) Other Financing Activities | — | — | — | — | — | — | — | — | — | ($2.9m) | — | |
| Net Other Financing Charges | — | — | — | — | — | — | ($2.5m) | ($109.4m) | ($39.4m) | ($12.0m) | ($19.6m) | |
| Net Cash Provided by (Used in) Financing Activities | $365.8m |
$28.5m
-92.21%
|
$66.4m
+133.05%
|
($81.5m)
-222.67%
|
($117.7m)
-44.42%
|
($78.4m)
+33.39%
|
($77.6m)
+1.03%
|
($143.1m)
-84.54%
|
($200.5m)
-40.05%
|
$54.7m
+127.29%
|
($24.7m)
-145.16%
|
|
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | — | — | — | ($34.6m) | $30.3m | $21.0m | ($62.8m) | ($25.0m) | ($17.4m) | $25.8m | $137.9m | |
| Beginning Cash Position | — | — | — | — | — | — | $235.2m | $98.1m | $113.5m | $131.9m | $116.8m | |
| CASH, CASH EQUIVALENTS, AND RESTRICTED CASH—Beginning of period | — | $60.3m | $107.1m | $72.5m | $102.8m | $123.9m | $61.0m | $36.1m | $18.6m | $157.7m | — | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | — | — | $72.5m | $102.8m | $123.9m | $61.0m | $36.1m | $18.6m | $157.7m | $137.9m | |
| NET CHANGES IN CASH, CASH EQUIVALENTS, AND RESTRICTED CASH | $19.1m | $46.8m | ($34.6m) | $30.3m | $21.0m | ($62.8m) | ($25.0m) | ($17.4m) | $25.8m | |||
| Additional Supplementary Disclosures | ||||||||||||
| Additional Supplementary Disclosures | ||||||||||||
| Gain (Loss) on Disposition of Assets | — | — | — | — | — | — | — | $7.2m | ($682k) | — | — | |
| Income Tax Expense (Benefit) | — | — | ($17.4m) | $15.7m | $9.5m | $5.8m | ($52.0m) | ($8.7m) | $519k | $37.2m | — | |
| Interest Expense Nonoperating | — | — | — | — | — | — | — | — | $38.5m | $60.6m | — | |
| Operating Lease, Lease Income | — | — | — | $219.0m | $208.9m | $170.2m | $158.4m | $144.7m | $123.0m | $304.4m | — | |
| Additional Financial Items | ||||||||||||
| Equity Securities, FV-NI, Realized Gain (Loss) | — | — | — | — | — | — | $13.7m | $5.4m | $8.0m | — | — | |
| Equity Securities, FV-NI, Unrealized Gain (Loss) | — | — | — | — | — | — | — | — | ($6.1m) | ($1.5m) | — | |
| Gain (Loss) on Termination of Lease | — | — | $1.2m | $750k | — | — | — | — | — | — | — | |
| General and Administrative Expense | — | — | $53.6m | $50.5m | $52.2m | $49.9m | $44.0m | $48.8m | $44.2m | — | — | |
| Goodwill | — | — | — | — | — | — | — | — | — | $122.5m | — | |
| Investment Income, Interest | — | — | $114k | $1.5m | $105k | $365k | $139k | $146k | $68k | — | — | |
| Payments for Repurchase of Warrants | — | — | — | — | — | — | — | — | — | $1.1m | — | |
| Payments of Financing Costs | — | — | $5.9m | $5.7m | $1.8m | — | — | — | — | — | — | |
| Realized Investment Gains (Losses) | — | — | — | — | — | — | — | — | $8.0m | — | — | |
| Other, net | — | — | — | — | — | $4.9m | $867k | $2.2m | $4.3m | ($2.9m) | — | |
| Other non-current liabilities | — | — | — | — | — | — | — | $4.2m | $40.8m | $64.0m | — | |
| Pre-delivery deposits paid | — | — | — | — | — | — | — | ($13.5m) | ($32.9m) | ($13.8m) | — | |
| Cash acquired in connection with the Merger | — | — | — | — | — | — | — | $0 | $0 | $22.8m | — | |
| Payments for U.S. Treasury Warrant redemption | — | — | — | — | — | — | — | $0 | $0 | ($1.1m) | — | |
| Interest, net of capitalized amounts | $28.7m | $43.8m | $50.7m | $53.5m | $41.5m | $32.8m | $24.9m | $38.4m | $31.5m | $58.8m | — | |
| Income taxes, net of refunds | $196k | $332k | $385k | $419k | $398k | $404k | $487k | $419k | $5.7m | $2.8m | — | |
| Non-cash Merger purchase consideration (Note 3) | — | — | — | — | — | — | — | $0 | $0 | $120.2m | — | |
| Parts credits received from aircraft and engine manufacturers | — | — | — | — | — | — | — | $8.1m | $4.5m | $7.5m | — | |
| Parts credits used from aircraft and engine manufacturers | — | — | — | — | — | — | — | $0 | $500k | $0 | — | |
| Cash Flow From Continuing Financing Activities | — | — | — | — | — | — | ($189.8m) | $107.1m | ($102.2m) | $54.7m | ($24.7m) | |
| Cash Flow From Continuing Investing Activities | — | — | — | — | — | — | ($137.0m) | ($420.9m) | ($105.5m) | ($350.9m) | ($241.3m) | |
| Change In Account Payable | — | — | — | — | — | — | $3.7m | $32.0m | $24.2m | $20.0m | $20.0m | |
| Change In Payable | — | — | — | — | — | — | $3.7m | $32.0m | $24.2m | $20.0m | $20.0m | |
| Change In Prepaid Assets | — | — | — | — | — | — | ($7.5m) | ($12.0m) | ($20.8m) | — | — | |
| Changes In Cash | — | — | — | — | — | — | ($137.1m) | $15.4m | $18.4m | $25.8m | $21.1m | |
| End Cash Position | — | — | — | — | — | — | $98.1m | $113.5m | $131.9m | $157.7m | $137.9m | |
| Financing Cash Flow | — | — | — | — | — | — | ($189.8m) |
$107.1m
+156.43%
|
($102.2m)
-195.42%
|
$54.7m
+153.52%
|
($24.7m)
-145.16%
|
|
| Free Cash Flow | — | — | — | — | — | — | ($9.8m) | ($62.4m) | ($33.5m) | ($88.7m) | ($40.7m) | |
| Investing Cash Flow | — | — | — | — | — | — | ($137.0m) | ($420.9m) | ($105.5m) | ($350.9m) | ($241.3m) | |
| Net Business Purchase And Sale | — | — | — | — | — | — | — | $0 | $0 | $22.8m | $22.8m | |
| Net PPE Purchase And Sale | — | — | — | — | — | — | ($198.1m) | ($258.1m) | ($173.5m) | ($410.0m) | ($327.8m) | |
| Other Non Cash Items | — | — | — | — | — | — | $12.6m | $100k | $5.8m | $5.9m | — | |
| Proceeds From Stock Option Exercised | — | — | — | — | — | — | — | $0 | $0 | ($1.1m) | ($1.1m) | |
| Purchase Of PPE | — | — | — | — | — | — | ($199.5m) | ($391.6m) | ($259.6m) | ($410.7m) | ($327.8m) | |
| Sale Of Business | — | — | — | — | — | — | — | $0 | $0 | $22.8m | $22.8m | |
| Sale Of PPE | — | — | — | — | — | — | $1.4m | $133.5m | $86.1m | $700k | $2.2m | |
| Stock Based Compensation | — | — | — | — | — | — | — | $1.5m | $1.0m | $20.2m | $20.2m | |
| Net Investment Purchase And Sale | — | — | — | — | — | — | $61.1m | ($162.8m) | $68.0m | $36.3m | $40.7m | |
| Purchase Of Investment | — | — | — | — | — | — | ($98.9m) | ($282.8m) | ($187.3m) | ($176.2m) | ($159.3m) | |
| Sale Of Investment | — | — | — | — | — | — | $160.0m | $120.0m | $255.3m | $212.5m | $200.0m | |
| Supplemental disclosure of cash flow information: | ||||||||||||
| Change In Cash Supplemental As Reported | — | — | — | — | — | — | ($137.1m) | $15.4m | $18.4m | $25.8m | — | |
| Interest Paid, Excluding Capitalized Interest, Operating Activities | — | — | $50.7m | $53.5m | $41.5m | $32.8m | $24.9m | $38.4m | $31.5m | $58.8m | — |