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  "documentTitle": "FTAI Aviation, Ltd. (FTAI)",
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      "text": "An investor spoke with FTAI. FTAI confirmed that the new language indicates that the test to report Aerospace Products income on the Operating or Investing side of the Cash Flow Statement is determined by the amount of capitalized costs to the assets while held in Inventory.",
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      "text": "An investor spoke with FTAI. FTAI confirmed that the new language indicates that the test to report Aerospace Products income on the Operating or Investing side of the Cash Flow Statement is determined by the amount of capitalized costs to the assets while held in Inventory.",
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      "text": "In FTAI's Q3 2024 10-Q, management introduced this disclosure for the first time (see Appendix for full excerpt):",
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      "text": "When the costs to manufacture the assets are greater than (predominant to) the estimated value transferred from Leasing equipment into inventory, the related cash receipt has been recorded as an inflow in net cash (used in) provided by operating activities.",
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      "text": "“When the costs to manufacture the assets are greater than (predominant to) the estimated value transferred from Leasing equipment into inventory, the related cash receipt has been recorded as an inflow in net cash (used in) provided by operating activities.” — FTAI Q3 2024 10-Q",
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      "text": "1 FTAI Q3-2024 10-Q pg 13.",
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      "text": "FTAI in Q3 2024 Introduced a New Cash Flow Disclosure That Implies Aerospace Products Generally Adds Little Value to Assets Sold",
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