10-Q Filing

FTAI Infrastructure Inc. CIK: 1899883 Q2 2022

Filing Information

Form Type	10-Q
Accession Number	`0001899883-22-000005`
Period End Date	20220630
Filing Date	20220825
Fiscal Year	2022
Fiscal Period	Q2
XBRL Instance	fip-20220630_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 8 Income Statement 34 Cash Flow Statement 22 Stockholders Equity 22 Comprehensive Income 28

Balance Sheet 8 line items

Line Item	Tag	Value	Unit	Period
Total assets	`Assets`	$2.56B	USD	Point-in-time
Total assets	`Assets`	$2.44B	USD	Point-in-time
Current liabilities	`LiabilitiesCurrent`	$129.47M	USD	Point-in-time
Current liabilities	`LiabilitiesCurrent`	$174.89M	USD	Point-in-time
Total liabilities	`Liabilities`	$1.21B	USD	Point-in-time
Total liabilities	`Liabilities`	$980.25M	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$2.56B	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$2.44B	USD	Point-in-time

Income Statement 34 line items

Line Item	Tag	Value	Unit	Period
Total revenues	`RevenueFromContractWithCustomerExcludingAssessedTax`	$15.34M	USD	1 Quarter
Total revenues	`RevenueFromContractWithCustomerExcludingAssessedTax`	$65.87M	USD	1 Quarter
Total revenues	`RevenueFromContractWithCustomerExcludingAssessedTax`	$112.02M	USD	2 Qtrs
Total revenues	`RevenueFromContractWithCustomerExcludingAssessedTax`	$35.89M	USD	2 Qtrs
Transaction related costs	`BusinessCombinationAcquisitionRelatedCosts`	$2.56M	USD	1 Quarter
Transaction related costs	`BusinessCombinationAcquisitionRelatedCosts`	$13.11M	USD	2 Qtrs
Transaction related costs	`BusinessCombinationAcquisitionRelatedCosts`	$8.87M	USD	1 Quarter
Transaction related costs	`BusinessCombinationAcquisitionRelatedCosts`	$3.52M	USD	2 Qtrs
Total expenses	`CostsAndExpenses`	$37.00M	USD	1 Quarter
Total expenses	`CostsAndExpenses`	$146.87M	USD	2 Qtrs
Total expenses	`CostsAndExpenses`	$70.48M	USD	2 Qtrs
Total expenses	`CostsAndExpenses`	$80.98M	USD	1 Quarter
Net loss	`ProfitLoss`	$-32.06M	USD	1 Quarter
Net loss	`ProfitLoss`	$-88.25M	USD	2 Qtrs
Net loss	`ProfitLoss`	$-37.96M	USD	1 Quarter
Net loss	`ProfitLoss`	$-50.29M	USD	1 Quarter
Net loss	`ProfitLoss`	$-14.29M	USD	1 Quarter
Net loss	`ProfitLoss`	$-46.35M	USD	2 Qtrs
Basic (in dollars per share)	`EarningsPerShareBasic`	$-0.30	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$-0.26	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$-0.73	USD	2 Qtrs
Basic (in dollars per share)	`EarningsPerShareBasic`	$-0.35	USD	2 Qtrs
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$-0.30	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$-0.26	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$-0.35	USD	2 Qtrs
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$-0.73	USD	2 Qtrs
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	99.39M	shares	2 Qtrs
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	99.39M	shares	2 Qtrs
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	99.39M	shares	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	99.39M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	99.39M	shares	2 Qtrs
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	99.39M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	99.39M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	99.39M	shares	2 Qtrs

Cash Flow Statement 22 line items

Line Item	Tag	Value	Unit	Period
Net loss	`ProfitLoss`	$-32.06M	USD	1 Quarter
Net loss	`ProfitLoss`	$-88.25M	USD	2 Qtrs
Net loss	`ProfitLoss`	$-37.96M	USD	1 Quarter
Net loss	`ProfitLoss`	$-50.29M	USD	1 Quarter
Net loss	`ProfitLoss`	$-14.29M	USD	1 Quarter
Net loss	`ProfitLoss`	$-46.35M	USD	2 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-57.78M	USD	2 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-55.39M	USD	2 Qtrs
Net transfers from Parent, net	`ProceedsFromPaymentsForTransfersFromParentFinancingActivities`	$121.57M	USD	2 Qtrs
Net transfers from Parent, net	`ProceedsFromPaymentsForTransfersFromParentFinancingActivities`	$111.40M	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$146.36M	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$121.13M	USD	2 Qtrs
Net Increase in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$14.92M	USD	2 Qtrs
Net Increase in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-55.44M	USD	2 Qtrs
Cash and cash equivalents and restricted cash, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$55.42M	USD	Point-in-time
Cash and cash equivalents and restricted cash, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$70.34M	USD	Point-in-time
Cash and cash equivalents and restricted cash, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$301.86M	USD	Point-in-time
Cash and cash equivalents and restricted cash, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$246.42M	USD	Point-in-time
Cash and cash equivalents and restricted cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$55.42M	USD	Point-in-time
Cash and cash equivalents and restricted cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$70.34M	USD	Point-in-time
Cash and cash equivalents and restricted cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$301.86M	USD	Point-in-time
Cash and cash equivalents and restricted cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$246.42M	USD	Point-in-time

Stockholders Equity 22 line items

Line Item	Tag	Value	Unit	Period
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.35B	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$995.40M	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.35B	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.46B	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.02B	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.05B	USD	Point-in-time
Net loss	`ProfitLoss`	$-32.06M	USD	1 Quarter
Net loss	`ProfitLoss`	$-88.25M	USD	2 Qtrs
Net loss	`ProfitLoss`	$-37.96M	USD	1 Quarter
Net loss	`ProfitLoss`	$-50.29M	USD	1 Quarter
Net loss	`ProfitLoss`	$-14.29M	USD	1 Quarter
Net loss	`ProfitLoss`	$-46.35M	USD	2 Qtrs
Net transfers from Parent	`StockholdersEquityPeriodIncreaseDecreaseFromTransfersFromParent`	$31.00M	USD	1 Quarter
Net transfers from Parent	`StockholdersEquityPeriodIncreaseDecreaseFromTransfersFromParent`	$34.27M	USD	1 Quarter
Net transfers from Parent	`StockholdersEquityPeriodIncreaseDecreaseFromTransfersFromParent`	$77.13M	USD	1 Quarter
Net transfers from Parent	`StockholdersEquityPeriodIncreaseDecreaseFromTransfersFromParent`	$90.58M	USD	1 Quarter
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.35B	USD	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$995.40M	USD	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.35B	USD	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.46B	USD	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.02B	USD	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.05B	USD	Point-in-time

Comprehensive Income 28 line items

Line Item	Tag	Value	Unit	Period
Net loss	`ProfitLoss`	$-32.06M	USD	1 Quarter
Net loss	`ProfitLoss`	$-88.25M	USD	2 Qtrs
Net loss	`ProfitLoss`	$-37.96M	USD	1 Quarter
Tax benefit, cash flow hedge	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationTaxParent`	-	USD	2 Qtrs
Net loss	`ProfitLoss`	$-50.29M	USD	1 Quarter
Tax benefit, cash flow hedge	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationTaxParent`	-	USD	1 Quarter
Tax benefit, cash flow hedge	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationTaxParent`	$-3.63M	USD	2 Qtrs
Net loss	`ProfitLoss`	$-14.29M	USD	1 Quarter
Net loss	`ProfitLoss`	$-46.35M	USD	2 Qtrs
Tax benefit, cash flow hedge	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationTaxParent`	$-6.73M	USD	1 Quarter
Other comprehensive loss related to equity method investees, net	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax`	$33.22M	USD	1 Quarter
Other comprehensive loss related to equity method investees, net	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax`	$21.55M	USD	2 Qtrs
Other comprehensive loss related to equity method investees, net	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax`	$47.71M	USD	1 Quarter
Other comprehensive loss related to equity method investees, net	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax`	$144.66M	USD	2 Qtrs
Comprehensive loss	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$-2.62M	USD	1 Quarter
Comprehensive loss	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$-147.24M	USD	1 Quarter
Comprehensive loss	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$-65.28M	USD	1 Quarter
Comprehensive loss	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$-67.90M	USD	2 Qtrs
Comprehensive loss	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$-232.91M	USD	2 Qtrs
Comprehensive loss	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$-85.67M	USD	1 Quarter
Comprehensive loss attributable to non-controlling interest	`IncomeLossFromContinuingOperationsAttributableToNoncontrollingEntity`	$-15.95M	USD	2 Qtrs
Comprehensive loss attributable to non-controlling interest	`IncomeLossFromContinuingOperationsAttributableToNoncontrollingEntity`	$-11.59M	USD	2 Qtrs
Comprehensive loss attributable to non-controlling interest	`IncomeLossFromContinuingOperationsAttributableToNoncontrollingEntity`	$-6.62M	USD	1 Quarter
Comprehensive loss attributable to non-controlling interest	`IncomeLossFromContinuingOperationsAttributableToNoncontrollingEntity`	$-8.48M	USD	1 Quarter
Comprehensive loss attributable to Parent	`ComprehensiveIncomeNetOfTax`	$-56.31M	USD	2 Qtrs
Comprehensive loss attributable to Parent	`ComprehensiveIncomeNetOfTax`	$-216.96M	USD	2 Qtrs
Comprehensive loss attributable to Parent	`ComprehensiveIncomeNetOfTax`	$-58.65M	USD	1 Quarter
Comprehensive loss attributable to Parent	`ComprehensiveIncomeNetOfTax`	$-77.19M	USD	1 Quarter

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.