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CONSOLIDATED STATEMENT OF CHANGES IN EQUITY - USD ($)
$ in Thousands
Total
Ordinary Shares(1)
[1]
Preferred Shares(1)
[1]
Additional Paid In Capital
Retained Earnings (Accumulated Deficit)
Accumulated Other Comprehensive Income (Loss)
Non-Controlling Interest in Equity of Consolidated Subsidiaries
Beginning balance at Dec. 31, 2019 $ 1,338,857 $ 849 $ 81 $ 1,110,122 $ 190,453 $ 372 $ 36,980
Increase (Decrease) in Partners' Capital [Roll Forward]              
Net loss (103,692)       (87,170)   (16,522)
Other comprehensive loss (26,609)         (26,609)  
Comprehensive loss (130,301)       (87,170) (26,609) (16,522)
Settlement of equity-based compensation (120)           (120)
Issuance of ordinary shares 311 7   304      
Conversion of participating securities (7)     (7)      
Dividends declared - ordinary shares (113,572)       (113,572)    
Issuance of preferred shares 19,697   10 19,687      
Dividends declared - preferred shares (17,869)       (17,869)    
Equity-based compensation 2,325           2,325
Ending balance at Dec. 31, 2020 1,099,321 856 91 1,130,106 (28,158) (26,237) 22,663
Increase (Decrease) in Partners' Capital [Roll Forward]              
Net loss (130,706)       (104,234)   (26,472)
Other comprehensive loss (130,144)         (130,144)  
Comprehensive loss (260,850)       (104,234) (130,144) (26,472)
Settlement of equity-based compensation (421)           (421)
Issuance of ordinary shares 323,579 136   323,443      
Dividends declared - ordinary shares (118,009)     (118,009)      
Issuance of preferred shares 101,200   42 101,158      
Dividends declared - preferred shares (24,758)     (24,758)      
Equity-based compensation 4,038           4,038
Ending balance at Dec. 31, 2021 1,124,100 992 133 1,411,940 (132,392) (156,381) (192)
Increase (Decrease) in Partners' Capital [Roll Forward]              
Net loss (212,027)       (193,210)   (18,817)
Other comprehensive loss (182,963)         (182,963)  
Comprehensive loss (394,990)       (193,210) (182,963) (18,817)
Spin-off of FTAI Infrastructure, Inc., net of distributions (561,181)     (913,342)   339,344 12,817
Acquisition of consolidated subsidiary 3,054           3,054
Contributions from non-controlling interest 1,187           1,187
Settlement of equity-based compensation (148)           (148)
Issuance of ordinary shares 404 5   399      
Dividends declared - ordinary shares (128,483)     (128,483)      
Dividends declared - preferred shares (27,164)     (27,164)      
Equity-based compensation 2,623           2,623
Ending balance at Dec. 31, 2022 $ 19,402 $ 997 $ 133 $ 343,350 $ (325,602) $ 0 $ 524
[1] Common and Preferred Shares of Fortress Transportation and Infrastructure Investors LLC were exchanged for Ordinary and Preferred Shares of FTAI Aviation Ltd. when the Merger, as detailed in Note 1, was completed on November 10, 2022.