AIR LEASE CORPORATION AL Cash Flow

Air lease corporation (AL)

CashFlow / TTM

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	Mar'11
Operating Activities
Net income
586	587	560	551	538	510	843	796	781	756	382	376	367	374	358	342	326	253	242	228	213	255	244	230	211	190	171	159	144	131	116	98	76	53	0	0	0
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation of flight equipment
732	702	668	634	605	581	558	536	520	508	496	482	468	452	440	429	415	397	382	366	349	336	321	307	294	280	265	251	235	216	193	166	138	112	0	0	0
Settlement
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Stock-based compensation
21	20	19	19	18	17	18	19	19	19	19	18	17	16	16	17	17	17	16	15	15	16	15	15	18	21	24	28	30	31	32	34	36	39	0	0	0
Deferred taxes
88	92	131	135	135	129	-209	-187	-164	-146	211	207	203	205	196	187	179	138	131	122	114	137	132	124	114	102	92	86	79	72	64	54	42	29	0	0	0
Amortization of discounts and debt issuance costs
38	36	34	33	33	32	31	30	28	29	30	31	32	30	30	29	29	30	29	29	28	27	27	26	24	23	22	20	19	16	14	11	10	9	0	0	0
Amortization of prepaid lease costs
36	32	30	24	24	24	23	22	22	19	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain on aircraft sales, trading and other activity
70	81	55	47	50	34	61	51	67	74	66	63	62	76	59	54	54	41	48	52	50	56	53	44	32	19	0	0	0	-	-	-	-	-	-	-	-
Changes in operating assets and liabilities:
Other assets
155	161	161	154	142	74	90	65	113	108	112	148	85	55	31	7	-0	-11	-4	-4	-6	1	0	-2	-2	2	-16	-4	-0	14	22	9	23	17	0	0	0
Accrued interest and other payables
70	139	102	112	96	51	56	43	56	50	16	69	37	45	46	21	1	16	16	34	37	45	31	47	28	39	8	0	29	25	53	43	25	19	0	0	0
Rentals received in advance
18	24	25	11	9	14	6	6	4	5	1	10	12	7	16	13	13	15	16	16	16	14	14	15	13	20	16	13	16	15	19	21	19	17	0	0	0
Net cash provided by operating activities
1,365	1,392	1,355	1,322	1,268	1,254	1,178	1,149	1,086	1,059	1,010	1,013	1,011	1,020	1,014	942	858	839	784	793	798	769	732	723	673	654	611	558	550	491	473	420	329	267	0	0	0
Acquisition of flight equipment under operating lease
-	-	-	-	-	-	-	0	1,737	-	1,781	1,918	2,052	1,914	1,827	1,889	2,058	2,088	2,059	2,177	1,880	1,568	1,581	1,352	1,182	1,329	1,202	1,348	1,763	1,899	2,475	2,609	2,486	2,529	0	0	0
Acquisition of flight equipment under operating lease
3,449	3,663	3,660	2,600	3,174	2,512	3,280	1,946	1,835	1,972	791	815	867	868	756	672	635	597	603	648	626	601	677	679	667	828	864	632	613	418	267	442	364	360	0	0	0
Payments for deposits on flight equipment purchases
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from aircraft sales, trading and other activity
813	995	0	0	0	-	-	-	-	779	934	914	893	988	710	590	842	752	1,002	1,071	644	603	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Acquisition of aircraft furnishings, equipment and other assets
231	291	319	322	343	287	247	233	180	177	180	179	209	211	195	207	207	219	260	261	254	239	158	180	138	125	138	72	76	74	91	117	112	86	0	0	0
Net cash used in investing activities
-3,621	-3,843	-4,557	-3,818	-3,798	-3,384	-3,123	-2,868	-1,872	-2,143	-1,819	-1,999	-2,237	-2,005	-2,068	-2,178	-2,059	-2,152	-1,921	-2,015	-2,117	-1,805	-2,080	-1,918	-1,828	-2,185	-2,103	-1,999	-2,406	-2,344	-2,833	-3,168	-2,962	-2,977	0	0	0
Issuance of common stock upon exercise of options
46	44	32	11	2	4	11	11	11	9	0	0	0	-	-	-	-	-	-	-	-	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Cash dividends paid on Class A common stock
60	58	53	49	45	41	38	36	33	30	28	25	23	20	19	18	17	16	15	14	13	12	11	11	8	7	0	0	0	-	-	-	-	-	-	-	-
Preferred dividends paid
0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Tax withholdings on stock-based compensation
9	4	4	3	3	7	8	8	8	6	5	5	5	5	5	5	5	5	5	21	21	18	17	12	12	12	0	0	0	-	-	-	-	-	-	-	-
Net change in unsecured revolving facility
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net change in unsecured revolving facilities
-	-	-	-	-	-245	-1,436	-521	-369	81	418	-181	-893	46	524	963	1,261	151	35	-294	-237	-239	-780	39	130	388	909	470	332	62	57	480	-156	238	0	0	0
Proceeds from debt financings
4,021	3,567	3,310	3,827	3,298	3,533	4,441	2,825	2,926	2,183	1,597	2,427	2,409	2,021	1,541	1,211	640	1,232	1,224	1,834	1,834	1,663	2,649	1,495	1,578	1,608	689	1,183	1,200	2,115	2,586	2,295	2,468	1,344	0	0	0
Payments in reduction of debt financings
1,175	978	1,087	1,596	2,704	1,270	3,701	3,127	812	1,303	-1,359	-1,361	-459	-1,093	-1,035	-1,029	-865	-328	-343	-541	-519	-577	-702	-484	-633	-531	-443	-488	-353	-432	-367	-328	-235	-84	0	0	0
Net proceeds from preferred stock issuance
-	242	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net change in restricted cash
-	-	-	-	-	-	-	-	-	-	-	-	-	-	6	15	-0	9	2	-5	-59	-79	-77	-63	-33	-18	-26	-35	-1	10	36	44	50	47	0	0	0
Debt issuance costs
11	11	11	13	11	11	11	7	6	5	4	5	6	5	4	4	3	4	4	6	6	7	16	15	29	37	31	35	29	42	43	37	31	13	0	0	0
Security deposits and maintenance reserve receipts
287	310	299	276	266	242	225	224	218	226	239	236	247	218	221	220	208	218	207	198	188	185	165	160	166	172	169	154	156	142	162	167	175	180	0	0	0
Security deposits and maintenance reserve disbursements
58	52	40	31	54	59	67	83	60	51	47	35	51	58	53	74	63	51	55	27	19	32	30	32	34	29	25	20	26	26	24	24	16	5	0	0	0
Net cash provided by financing activities
2,711	2,466	3,289	2,502	2,555	2,145	1,948	1,737	883	1,101	811	1,058	1,220	1,103	1,161	1,245	1,154	1,186	1,046	1,140	1,273	1,049	1,337	1,204	1,193	1,571	1,274	1,286	1,269	1,802	2,520	2,691	3,205	2,662	0	0	0
Net increase/(decrease) in cash
455	15	87	7	26	14	3	19	97	17	2	72	-5	117	107	9	-47	-126	-90	-81	-45	12	-11	10	38	40	-218	-154	-585	-51	160	-56	572	-47	0	0	0
Supplemental Disclosure of Cash Flow Information
Cash paid during the period for interest, including capitalized interest of $13,261 and $16,226 at March 31, 2020 and 2019, respectively
445	442	412	394	374	332	327	291	307	301	322	302	297	293	284	289	283	259	261	236	230	211	208	197	201	188	185	169	137	124	85	72	59	51	0	0	0
Cash paid for income taxes
18	16	11	7	4	4	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Supplemental Disclosure of Noncash Activities
Buyer furnished equipment, capitalized interest and deposits on flight equipment purchases applied to acquisition of flight equipment
1,291	1,399	1,410	1,172	1,131	912	909	782	503	644	629	660	804	873	820	806	995	944	939	1,105	921	756	797	610	425	459	486	285	380	377	293	412	268	190	0	0	0