| Schedule of Disaggregation of Revenue |
The following table disaggregates revenue by service type and the timing of when these services are provided to the member or customer (in thousands):
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Three Months Ended September 30, |
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Nine Months Ended September 30, |
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2022 |
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2021 |
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2022 |
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2021 |
| Services transferred at a point in time: |
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| Flights, net of discounts and incentives |
$ |
278,917 |
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|
$ |
218,360 |
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|
$ |
799,351 |
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$ |
621,494 |
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| Aircraft management |
56,558 |
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55,388 |
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172,914 |
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151,405 |
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| Other |
58,728 |
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6,679 |
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121,695 |
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16,418 |
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| Services transferred over time: |
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| Memberships |
22,409 |
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17,982 |
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67,076 |
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49,144 |
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| Aircraft management |
2,404 |
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2,617 |
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7,272 |
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7,435 |
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| Other |
1,340 |
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952 |
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3,195 |
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3,319 |
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| Total |
$ |
420,356 |
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$ |
301,978 |
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$ |
1,171,503 |
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$ |
849,215 |
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| Schedule of Deferred Revenue |
Deferred revenue consists of the following (in thousands):
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September 30, 2022 |
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December 31, 2021 |
| Flights - Prepaid Blocks and jet cards |
$ |
916,372 |
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$ |
876,750 |
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| Memberships - annual dues |
42,688 |
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|
47,069 |
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| Memberships - initiation fees |
4,119 |
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|
4,072 |
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| Flights - credits |
4,438 |
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|
6,633 |
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| Other |
635 |
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|
960 |
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| Deferred revenue - total |
968,252 |
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|
935,484 |
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| Less: Deferred revenue - current |
(966,367) |
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(933,527) |
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| Deferred revenue - non-current |
$ |
1,885 |
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$ |
1,957 |
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Changes in deferred revenue for the nine months ended September 30, 2022 were as follows (in thousands):
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| Deferred revenue - beginning balance |
$ |
935,484 |
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| Amounts deferred during the period |
954,042 |
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| Revenue recognized from amounts included in the deferred revenue beginning balance |
(509,962) |
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| Revenue from current period sales |
(411,312) |
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| Deferred revenue - ending balance |
$ |
968,252 |
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