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FTAI Infrastructure Inc. – ‘10-Q’ for 9/30/22 – ‘EX-32.1’

On:  Wednesday, 11/2/22, at 7:28pm ET   ·   As of:  11/3/22   ·   For:  9/30/22   ·   Accession #:  1899883-22-9   ·   File #:  1-41370

Previous ‘10-Q’:  ‘10-Q’ on 8/25/22 for 6/30/22   ·   Next:  ‘10-Q’ on 5/3/23 for 3/31/23   ·   Latest:  ‘10-Q’ on 5/10/24 for 3/31/24   ·   10 References:   

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  As Of               Filer                 Filing    For·On·As Docs:Size

11/03/22  FTAI Infrastructure Inc.          10-Q        9/30/22  109:17M

Quarterly Report   —   Form 10-Q

Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 10-Q        Quarterly Report                                    HTML   4.16M 
 2: EX-31.1     Certification -- §302 - SOA'02                      HTML     32K 
 3: EX-31.2     Certification -- §302 - SOA'02                      HTML     32K 
 4: EX-32.1     Certification -- §906 - SOA'02                      HTML     29K 
 5: EX-32.2     Certification -- §906 - SOA'02                      HTML     29K 
11: R1          Cover page                                          HTML     80K 
12: R2          Consolidated and Combined Consolidated Balance      HTML    152K 
                Sheets                                                           
13: R3          Consolidated and Combined Consolidated Balance      HTML     52K 
                Sheets (Parenthetical)                                           
14: R4          Consolidated and Combined Consolidated Statements   HTML    118K 
                of Operations (Unaudited)                                        
15: R5          Consolidated and Combined Consolidated Statements   HTML     55K 
                of Comprehensive Loss (Unaudited)                                
16: R6          Consolidated and Combined Consolidated Statements   HTML     31K 
                of Comprehensive Loss (Unaudited) (Parenthetical)                
17: R7          Consolidated and Combined Consolidated Statement    HTML    107K 
                of Changes in Equity (Unaudited)                                 
18: R8          Consolidated and Consolidated Statements of Cash    HTML    130K 
                Flows (Unaudited)                                                
19: R9          Organization                                        HTML     34K 
20: R10         Basis of Presentation and Summary of Significant    HTML     97K 
                Accounting Policies                                              
21: R11         Acquisition of Transtar, Llc.                       HTML     65K 
22: R12         Leasing Equipment, Net                              HTML     44K 
23: R13         Property, Plant and Equipment, Net                  HTML     55K 
24: R14         Investments                                         HTML    118K 
25: R15         Intangible Assets, Net                              HTML     59K 
26: R16         Debt, Net                                           HTML     60K 
27: R17         Fair Value Measurements                             HTML     77K 
28: R18         Derivative Financial Instruments                    HTML     37K 
29: R19         Revenues                                            HTML    139K 
30: R20         Leases                                              HTML     66K 
31: R21         Equity-Based Compensation                           HTML     50K 
32: R22         Retirement Benefit Plan                             HTML     47K 
33: R23         Income Taxes                                        HTML     59K 
34: R24         Management Agreement and Affiliate Transactions     HTML     76K 
35: R25         Segment Information                                 HTML    526K 
36: R26         Redeemable Preferred Stock                          HTML     37K 
37: R27         Earnings Per Share and Equity                       HTML     69K 
38: R28         Commitments and Contingencies                       HTML     33K 
39: R29         Subsequent Events                                   HTML     32K 
40: R30         Basis of Presentation and Summary of Significant    HTML    138K 
                Accounting Policies (Policies)                                   
41: R31         Basis of Presentation and Summary of Significant    HTML     63K 
                Accounting Policies (Tables)                                     
42: R32         Acquisition of Transtar, Llc. (Tables)              HTML     66K 
43: R33         Leasing Equipment, Net (Tables)                     HTML     45K 
44: R34         Property, Plant and Equipment, Net (Tables)         HTML     63K 
45: R35         Investments (Tables)                                HTML    112K 
46: R36         Intangible Assets, Net (Tables)                     HTML     63K 
47: R37         Debt, Net (Tables)                                  HTML     58K 
48: R38         Fair Value Measurements (Tables)                    HTML     72K 
49: R39         Derivative Financial Instruments (Tables)           HTML     35K 
50: R40         Revenues (Tables)                                   HTML    137K 
51: R41         Leases (Tables)                                     HTML     69K 
52: R42         Equity-Based Compensation (Tables)                  HTML     46K 
53: R43         Retirement Benefit Plan (Tables)                    HTML     42K 
54: R44         Income Taxes (Tables)                               HTML     55K 
55: R45         Management Agreement and Affiliate Transactions     HTML     63K 
                (Tables)                                                         
56: R46         Segment Information (Tables)                        HTML    523K 
57: R47         Earnings Per Share and Equity (Tables)              HTML     68K 
58: R48         Organization (Details)                              HTML     36K 
59: R49         BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT    HTML    129K 
                ACCOUNTING POLICIES - Narrative (Details)                        
60: R50         BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT    HTML     64K 
                ACCOUNTING POLICIES - Useful Life (Details)                      
61: R51         ACQUISITION OF TRANSTAR, LLC. - Narrative           HTML     53K 
                (Details)                                                        
62: R52         ACQUISITION OF TRANSTAR, LLC. - Schedule of Assets  HTML     64K 
                Acquired and Liabilities Assumed (Details)                       
63: R53         ACQUISITION OF TRANSTAR, LLC. - Intangible Assets   HTML     39K 
                Acquired (Details)                                               
64: R54         ACQUISITION OF TRANSTAR, LLC. - Property, Plant,    HTML     92K 
                and Equipment Acquired (Details)                                 
65: R55         ACQUISITION OF TRANSTAR, LLC. - Pro Forma           HTML     34K 
                Information (Details)                                            
66: R56         Leasing Equipment, Net (Details)                    HTML     39K 
67: R57         Property, Plant and Equipment, Net (Details)        HTML     61K 
68: R58         Property, Plant and Equipment, Net - Narrative      HTML     30K 
                (Details)                                                        
69: R59         PROPERTY, PLANT AND EQUIPMENT, NET - Depreciation   HTML     30K 
                (Details)                                                        
70: R60         INVESTMENTS - Ownership Carrying Values (Details)   HTML     51K 
71: R61         INVESTMENTS - Share of Equity of Income (Loss)      HTML     42K 
                (Details)                                                        
72: R62         INVESTMENTS - Narrative (Details)                   HTML    165K 
73: R63         INVESTMENTS - Equity Method Investment (Details)    HTML    168K 
74: R64         INTANGIBLE ASSETS, NET - Summarized Intangible      HTML     40K 
                Assets and Liabilities (Details)                                 
75: R65         INTANGIBLE ASSETS, NET - Intangible Liabilities     HTML     33K 
                Amortization (Details)                                           
76: R66         INTANGIBLE ASSETS, NET - Schedule of Future         HTML     44K 
                Amortization Expense (Details)                                   
77: R67         DEBT, NET - Schedule of Debt (Details)              HTML     79K 
78: R68         DEBT, NET - Senior Secured Notes due 2027           HTML     38K 
                (Details)                                                        
79: R69         FAIR VALUE MEASUREMENTS - Financial Assets          HTML     54K 
                Measured at Fair Value on a Recurring Basis                      
                (Details)                                                        
80: R70         Fair Value Measurements (Fair Value by Balance      HTML     42K 
                Sheet Grouping) (Details)                                        
81: R71         DERIVATIVE FINANCIAL INSTRUMENTS - Schedule of      HTML     40K 
                Derivative Instruments (Details)                                 
82: R72         REVENUES - Components of Revenue (Details)          HTML     88K 
83: R73         REVENUES - Minimum Future Annual Revenues           HTML     43K 
                (Details)                                                        
84: R74         LEASES - Narrative (Details)                        HTML     33K 
85: R75         LEASES - Lease Cost (Details)                       HTML     44K 
86: R76         LEASES - Supplemental Information Related to        HTML     41K 
                Leases (Details)                                                 
87: R77         LEASES - Future Payments (Details)                  HTML     47K 
88: R78         EQUITY-BASED COMPENSATION - Expenses Related to     HTML     43K 
                Stock-Based Compensation Expense (Details)                       
89: R79         Equity-Based Compensation (Narrative) (Details)     HTML     57K 
90: R80         RETIREMENT BENEFIT PLAN - Schedule of Costs of      HTML     42K 
                Retirement Plans (Details)                                       
91: R81         RETIREMENT BENEFIT PLAN - Narrative (Details)       HTML     34K 
92: R82         INCOME TAXES - Components of Income Tax Expense     HTML     57K 
                (Details)                                                        
93: R83         MANAGEMENT AGREEMENT AND AFFILIATE TRANSACTIONS -   HTML     64K 
                Schedule of Related Party Transactions (Details)                 
94: R84         MANAGEMENT AGREEMENT AND AFFILIATE TRANSACTIONS -   HTML     95K 
                Narrative (Details)                                              
95: R85         SEGMENT INFORMATION - Narrative (Details)           HTML     47K 
96: R86         SEGMENT INFORMATION - Statement of Income by        HTML    153K 
                Segment (Details)                                                
97: R87         SEGMENT INFORMATION - Reconciliation of Adjusted    HTML     96K 
                EBITDA to Net Loss (Details)                                     
98: R88         SEGMENT INFORMATION - Balance Sheet (Details)       HTML    133K 
99: R89         Redeemable Preferred Stock (Details)                HTML     76K 
100: R90         EARNINGS PER SHARE AND EQUITY - Schedule of         HTML     70K  
                Earnings Per Share (Details)                                     
101: R91         EARNINGS PER SHARE AND EQUITY - Narrative           HTML     47K  
                (Details)                                                        
102: R92         EARNINGS PER SHARE AND EQUITY - Schedule of         HTML     56K  
                Outstanding Stock Warrants and Changes (Details)                 
103: R93         COMMITMENTS AND CONTINGENCIES - Additional          HTML     40K  
                Information (Details)                                            
104: R94         Subsequent Events (Details)                         HTML     41K  
107: XML         IDEA XML File -- Filing Summary                      XML    201K  
105: XML         XBRL Instance -- fip-20220930_htm                    XML   5.04M  
106: EXCEL       IDEA Workbook of Financial Reports                  XLSX    243K  
 7: EX-101.CAL  XBRL Calculations -- fip-20220930_cal                XML    281K 
 8: EX-101.DEF  XBRL Definitions -- fip-20220930_def                 XML   1.02M 
 9: EX-101.LAB  XBRL Labels -- fip-20220930_lab                      XML   2.19M 
10: EX-101.PRE  XBRL Presentations -- fip-20220930_pre               XML   1.50M 
 6: EX-101.SCH  XBRL Schema -- fip-20220930                          XSD    254K 
108: JSON        XBRL Instance as JSON Data -- MetaLinks              534±   825K  
109: ZIP         XBRL Zipped Folder -- 0001899883-22-000009-xbrl      Zip   1.10M  


‘EX-32.1’   —   Certification — §906 – SOA’02


This Exhibit is an HTML Document rendered as filed.  [ Alternative Formats ]



 <!   C:   C: 
  Document  

EXHIBIT 32.1
 
CERTIFICATION OF CHIEF EXECUTIVE OFFICER PURSUANT TO
18 U.S.C. SECTION 1350,
AS ADOPTED PURSUANT TO
SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002
 
In connection with the Quarterly Report on Form 10-Q of FTAI Infrastructure Inc. (the “Company”) for the quarterly period ended September 30, 2022 as filed with the Securities and Exchange Commission on the date hereof (the “Report”), Kenneth J. Nicholson, as Chief Executive Officer of the Company, hereby certifies, pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that, to the best of his knowledge:
(1)    The Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934; and
(2)    The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company.
/s/ Kenneth J. Nicholson 
Kenneth J. Nicholson 
Chief Executive Officer and President 
November 2, 2022



Dates Referenced Herein   and   Documents Incorporated by Reference

This ‘10-Q’ Filing    Date    Other Filings
Filed as of:11/3/22
Filed on:11/2/228-K
For Period end:9/30/22
 List all Filings 


2 Subsequent Filings that Reference this Filing

  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

11/22/22  FTAI Infrastructure Inc.          S-3        11/21/22    8:1.3M                                   Broadridge Fin’l So… Inc
11/22/22  FTAI Infrastructure Inc.          S-3        11/21/22    6:389K                                   Broadridge Fin’l So… Inc


8 Previous Filings that this Filing References

  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

 8/01/22  FTAI Infrastructure Inc.          8-K:1,2,3,5 8/01/22   16:1.8M                                   Broadridge Fin’l So… Inc
 7/12/22  FTAI Infrastructure Inc.          10-12B/A               4:7.8M                                   Broadridge Fin’l So… Inc
 7/01/22  FTAI Infrastructure Inc.          10-12B/A               9:8.3M                                   Broadridge Fin’l So… Inc
 4/29/22  FTAI Infrastructure Inc.          10-12B                12:8.1M                                   Broadridge Fin’l So… Inc
 7/29/21  FTAI Aviation Ltd.                10-Q        6/30/21  104:17M
 6/08/21  FTAI Aviation Ltd.                8-K:1,7,8,9 6/07/21   13:1M                                     Broadridge Fin’l So… Inc
 5/01/20  FTAI Aviation Ltd.                10-Q        3/31/20  107:18M
 5/03/19  FTAI Aviation Ltd.                10-Q        3/31/19   99:18M
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Filing Submission 0001899883-22-000009   –   Alternative Formats (Word / Rich Text, HTML, Plain Text, et al.)

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