AIR LEASE CORPORATION AL Balance Sheet

Air lease corporation (AL)

Balance Sheet / Quarterly

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Dec'10
Assets
Cash and cash equivalents
732	317	291	264	285	300	228	259	252	292	226	239	155	274	226	172	162	156	119	162	210	282	210	244	256	270	221	234	217	230	439	388	803	281	279	445	328
Restricted cash
20	20	44	24	12	22	20	21	19	16	19	22	18	16	17	24	16	16	10	8	16	7	8	14	76	87	85	77	110	106	111	113	112	96	74	68	48
Flight equipment subject to operating leases
21,976	21,286	21,601	20,306	18,668	17,985	17,309	16,962	15,544	15,100	14,397	14,386	14,280	13,597	13,365	13,096	12,550	12,026	11,533	11,082	10,443	9,832	9,727	9,083	8,439	8,234	7,791	7,462	6,981	6,598	6,158	5,881	4,933	4,368	3,433	2,876	1,649
Less accumulated depreciation
2,754	2,581	2,689	2,554	2,383	2,278	2,161	2,098	1,955	1,819	1,725	1,643	1,657	1,555	1,490	1,398	1,311	1,213	1,114	1,012	969	878	829	754	693	621	551	479	410	347	286	228	175	131	92	62	19
Flight equipment subject to operating leases, net
19,222	18,704	18,911	17,752	16,285	15,707	15,148	14,864	13,588	13,280	12,672	12,742	12,623	12,041	11,875	11,697	11,239	10,813	10,419	10,069	9,474	8,953	8,898	8,329	7,746	7,613	7,240	6,983	6,571	6,251	5,872	5,653	4,757	4,237	3,340	2,814	1,629
Deposits on flight equipment purchases
1,576	1,564	1,600	1,694	1,871	1,809	1,573	1,555	1,567	1,562	1,551	1,440	1,331	1,290	1,228	1,132	1,079	1,071	1,084	1,024	1,147	1,144	1,142	1,176	1,180	1,075	966	861	776	564	544	469	440	405	406	319	183
Deferred debt issuance costs-less accumulated amortization of $72,783 and $51,578 as of December 31, 2014 and December 31, 2013, respectively
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	89	85	90	90	88	90	80	74	76	73	68	47	46	47	46
Notes receivable
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	28	-	-
Deferred tax asset
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	3	8
Other assets
1,130	1,102	761	749	724	642	596	554	516	462	431	416	348	352	333	312	284	297	277	400	296	302	195	201	203	196	206	191	199	126	120	109	104	96	70	54	30
Total assets
22,682	21,709	21,609	20,484	19,178	18,481	17,567	17,255	15,944	15,614	14,901	14,861	14,477	13,975	13,680	13,340	12,783	12,355	11,911	11,666	11,145	10,691	10,545	10,052	9,553	9,332	8,808	8,439	7,955	7,353	7,165	6,808	6,286	5,164	4,247	3,753	2,276
Liabilities and Shareholders' Equity
Accrued interest and other payables
491	516	420	453	366	382	310	329	281	309	232	274	223	256	235	227	192	215	168	362	250	190	160	170	146	131	123	112	104	90	95	81	52	54	44	28	22
Debt financing, net of discounts and issuance costs
14,414	13,578	13,751	12,859	11,869	11,538	11,094	10,962	9,887	9,698	9,237	9,303	9,102	8,713	8,554	8,390	8,017	7,712	7,498	7,220	6,954	6,630	6,646	6,284	5,943	5,853	5,466	5,226	4,861	4,384	4,296	4,046	3,657	2,602	1,802	1,383	911
Security deposits and maintenance reserves on flight equipment leases
1,122	1,097	1,091	1,035	971	990	962	933	894	856	850	851	874	856	886	868	865	853	802	763	744	698	680	639	593	569	539	502	453	412	380	350	299	284	232	199	109
Rentals received in advance
134	143	134	124	116	119	109	112	106	104	102	105	102	99	101	95	90	91	84	81	77	75	68	65	60	61	53	49	46	41	36	36	30	26	17	15	8
Deferred tax liability
782	749	749	711	680	643	611	580	548	517	823	768	714	667	615	563	513	461	418	376	334	323	294	260	226	193	164	137	114	92	71	51	35	20	6	-	-
Total liabilities
16,945	16,085	16,147	15,184	14,005	13,674	13,088	12,917	11,718	11,486	11,246	11,303	11,017	10,593	10,392	10,144	9,679	9,335	8,972	8,804	8,360	7,919	7,850	7,420	6,969	6,809	6,347	6,028	5,580	5,021	4,879	4,567	4,075	2,988	2,103	1,627	1,051
Shareholders' Equity
Paid-in capital
2,775	2,777	2,758	2,733	2,717	2,474	2,270	2,265	2,258	2,260	2,248	2,243	2,237	2,237	2,233	2,228	2,224	2,227	2,222	2,218	2,213	2,215	2,204	2,200	2,211	2,209	2,202	2,198	2,203	2,198	2,191	2,183	2,182	2,174	2,165	2,167	1,276
Retained earnings
2,962	2,846	2,702	2,564	2,455	2,331	2,207	2,071	1,966	1,866	1,405	1,314	1,220	1,143	1,054	965	879	791	715	642	570	555	489	430	371	312	257	211	170	133	93	56	28	1	-23	-41	-52
Accumulated other comprehensive loss
-2	-1	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total shareholders' equity
5,736	5,623	5,462	5,299	5,173	4,806	4,478	4,337	4,226	4,127	3,655	3,558	3,459	3,382	3,288	3,195	3,104	3,019	2,939	2,861	2,785	2,772	2,695	2,631	2,583	2,523	2,460	2,411	2,375	2,332	2,285	2,240	2,211	2,176	2,143	2,126	1,224
Total liabilities and shareholders' equity
22,682	21,709	21,609	20,484	19,178	18,481	17,567	17,255	15,944	15,614	14,901	14,861	14,477	13,975	13,680	13,340	12,783	12,355	11,911	11,666	11,145	10,691	10,545	10,052	9,553	9,332	8,808	8,439	7,955	7,353	7,165	6,808	6,286	5,164	4,247	3,753	2,276
Series A Preferred Stock
Preferred Stock, $0.01 par value; 50,000,000 shares authorized; 10,000,000 shares of 6.150% Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series A (aggregate liquidation preference of $250,000) issued and outstanding at December 31, 2019 and no shares issued or outstanding at December 31, 2018
0	0	0	0	0	-	-	-	-	-	-	-	-	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Class A Common Stock
Common Stock
1	1	1	1	1	1	1	1	1	1	1	1	1	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total shareholders' equity
-	-	-	-	-	-	1	1	1	1	1	1	1	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-