1 unchanged sentence
Our common shares began trading on the NYSE under the symbol “FTAI” on May 15, 2015, the date of the IPO.
−Removed: As of February 25, 2020, there were approximately twelve record holders of our common shares.
+Added: As of February 25, 2021, there were approximately ten record holders of our common shares.
This figure does not reflect the beneficial ownership of shares held in nominee name.
16 unchanged sentences
S&P Mid Cap 400, Dow Jones US Transportation Services, and Alerian MLP.
−Removed: The graph assumes an investment of $100 in our common shares and in each of the indices on May 14, 2015, and that all dividends were reinvested.
+Added: The graph assumes an investment of $100 in our common shares and in each of the indices on December 31, 2015, and that all dividends were reinvested.
The past performance of our shares is not an indication of future performance.
1 unchanged sentence
Among Fortress Transportation & Infrastructure Investors LLC, the S&P Midcap 400 Index, the Dow Jones US Transportation Services Index and Alerian MLP
−Removed: *$100 each invested on 5/14/15 in stock and index, including reinvestment of dividends.
+Added: *$100 each invested on December 31, 2015 in stock and index, including reinvestment of dividends.
Fiscal year ending December 31.
−Removed: (in whole dollars) May 14, December 31,
+Added: (in whole dollars) December 31,
Index 2015 2016 2017 2018 2019 2020
5 unchanged sentences
The selected historical financial information set forth below as of and for the years ended December 31, 2020, 2019, 2018, 2017 and 2016 has been derived from our audited historical consolidated financial statements.
−Removed: We completed our IPO on May 20, 2015 in which Fortress Worldwide Transportation and Infrastructure Investors LP, Fortress Worldwide Transportation and Infrastructure Offshore LP, and Fortress Worldwide Transportation and Infrastructure Master GP LLP (collectively the “Initial Shareholders”), immediately prior to the consummation of the IPO, received shares in proportion to their respective ownership percentages.
−Removed: As a result, we have retrospectively presented the shares outstanding for all prior periods presented.
The information below should be read in conjunction with “Management's Discussion and Analysis of Financial Condition and Results of Operations,” included in Item 7 and the consolidated financial statements and notes thereto included in Item 8 in this Annual Report on Form 10-K.
5 unchanged sentences
Total expenses 460,642 631,493 367,143 223,898 157,503
−Removed: Total other income (expense) 200,125 7,374 18,297 (8,765) (3,497)
−Removed: Income (loss) from continuing operations before income taxes 152,132 (17,657) (20,549) (40,935) (23,868)
−Removed: Provision for income taxes 17,810 2,449 1,954 268 586
−Removed: Net income (loss) from continuing operations 134,322 (20,106) (22,503) (41,203) (24,454)
+Added: Total other (expense) income (16,782) 204,851 7,374 18,297 (1,315)
+Added: (Loss) income from continuing operations before income taxes (110,928) 152,132 (17,657) (20,549) (40,935)
+Added: (Benefit from) provision for income taxes (5,905) 17,810 2,449 1,954 268
+Added: Net (loss) income from continuing operations (105,023) 134,322 (20,106) (22,503) (41,203)
Net income (loss) from discontinued operations, net of income taxes 1,331 73,462 4,402 (737) 605
−Removed: Net income (loss) 207,784 (15,704) (23,240) (40,598) (28,631)
+Added: Net (loss) income (103,692) 207,784 (15,704) (23,240) (40,598)
Net (loss) income attributable to non-controlling interest in consolidated subsidiaries:
2 unchanged sentences
Dividends on preferred shares 17,869 1,838 — — —
−Removed: Net income (loss) attributable to shareholders $ 223,270 $ 5,882 $ 134 $ (20,064) $ (11,826)
−Removed: Earnings (loss) per share:
+Added: Net (loss) income attributable to shareholders $ (105,039) $ 223,270 $ 5,882 $ 134 $ (20,064)
+Added: (Loss) earnings per share:
Continuing operations $ (1.24) $ 1.74 $ 0.02 $ 0.01 $ (0.27)
19 unchanged sentences
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.