Air lease corporation (AL)
CashFlow / TTM
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'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