Air lease corporation (AL)
Income statement / 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'11Sep'10Jun'10
Revenues
Rental of flight equipment

1,957,817

1,916,869

1,849,574

1,779,468

1,709,077

1,631,200

1,572,585

1,509,309

1,473,944

1,450,735

1,425,881

1,407,258

1,376,457

1,339,002

1,299,638

1,263,038

1,222,486

1,174,544

1,126,074

1,074,329

1,030,106

991,241

951,727

913,043

876,804

836,516

796,447

755,468

704,219

645,853

573,270

490,890

409,844

332,719

238,202

148,961

0

0

0

Aircraft sales, trading and other

104,423

100,035

68,755

58,657

55,467

48,502

-1,016,647

-667,817

-291,195

65,645

1,134,769

772,241

414,110

80,053

75,627

70,252

65,367

48,296

56,013

56,571

52,417

59,252

55,723

48,373

36,159

22,159

9,422

9,421

10,971

9,893

7,438

7,018

4,235

4,022

3,234

2,059

0

0

0

Total revenues

2,062,240

2,016,904

1,918,329

1,838,125

1,764,544

1,679,702

0

0

0

-

-

-

-

1,419,055

1,375,265

1,333,290

1,287,853

1,222,840

1,182,087

1,130,900

1,082,523

1,050,493

1,007,450

961,416

912,963

858,675

805,869

764,889

715,190

655,746

580,708

497,908

414,079

336,741

241,436

151,020

0

0

0

Expenses
Interest

415,641

397,320

368,101

345,653

322,281

310,026

274,544

262,828

258,827

257,917

290,680

293,008

294,135

286,201

281,208

275,929

271,180

266,144

255,849

244,332

232,827

220,590

211,332

203,285

197,778

192,370

186,767

178,652

168,072

147,413

120,089

93,547

71,085

57,692

46,270

71,480

0

0

0

Amortization of debt discounts and issuance costs

38,679

36,691

34,805

33,926

33,224

32,706

31,297

30,057

28,484

29,454

30,700

31,822

32,773

30,942

30,355

29,693

29,986

30,507

29,652

29,656

28,964

27,772

27,958

26,547

24,907

23,627

22,012

20,595

19,337

16,994

14,062

11,775

10,020

9,481

8,907

7,474

0

0

0

Interest expense

454,320

434,011

418,950

395,623

371,549

342,732

334,573

307,699

289,251

287,371

259,980

261,186

261,362

255,259

250,853

246,236

241,194

235,637

226,197

214,676

203,863

192,818

183,374

176,738

172,871

168,743

164,755

158,057

148,735

130,419

106,027

81,772

57,716

44,862

34,014

24,859

0

0

0

Extinguishment of debt

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

Amortization of convertible debt discounts

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

Depreciation of flight equipment

732,234

702,810

668,496

634,411

605,322

581,985

558,837

536,687

520,577

508,352

496,672

482,370

468,016

452,682

440,262

429,057

415,323

397,760

382,381

366,454

349,527

336,657

321,316

307,008

294,316

280,037

265,871

251,992

235,746

216,219

193,681

166,406

138,513

112,307

79,732

49,402

0

0

0

Settlement

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

72,000

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Selling, general, and administrative

122,273

123,653

118,363

110,025

103,712

97,369

96,840

89,725

92,110

91,323

88,741

89,353

86,163

82,993

80,740

80,189

77,265

76,961

79,824

80,157

82,334

82,422

81,568

79,409

76,151

71,212

64,095

59,431

57,091

56,453

52,648

51,327

48,303

44,559

40,602

34,849

0

0

0

Stock-based compensation

21,000

20,745

19,247

19,198

18,220

17,478

18,534

19,044

19,463

19,804

19,034

18,278

17,475

16,941

16,992

17,038

17,115

17,022

16,198

15,432

15,794

16,048

15,997

15,866

18,239

21,614

24,979

28,352

30,246

31,688

32,915

34,105

36,651

39,342

41,916

35,857

0

0

0

Total expenses

1,329,827

1,281,219

1,217,034

1,151,235

1,090,781

1,039,564

994,418

945,748

920,431

906,850

895,127

883,009

865,789

838,817

819,202

802,213

780,883

829,887

806,252

778,375

752,482

655,717

630,213

605,568

586,484

565,233

541,712

518,427

491,155

451,773

399,333

345,385

294,552

253,900

208,520

191,588

0

0

0

Income before taxes

732,413

735,685

701,295

686,890

673,763

640,138

633,774

608,511

616,971

609,530

593,269

583,723

570,125

580,238

556,063

531,077

506,970

392,953

375,835

352,525

330,041

394,776

377,237

355,848

326,479

293,442

264,157

246,462

224,035

203,973

181,375

152,523

119,527

82,841

32,916

-40,568

0

0

0

Income tax expense

146,235

148,564

140,710

135,518

135,485

129,303

-209,764

-187,641

-164,895

-146,622

211,231

207,597

203,121

205,313

197,227

188,475

180,053

139,562

133,212

124,511

116,108

138,778

132,523

124,989

114,667

103,031

92,784

86,656

79,047

72,054

64,503

54,391

42,544

29,609

12,193

-1,879

0

0

0

Net income

0

587,121

0

0

0

510,835

0

0

781,866

756,152

382,038

376,126

367,004

374,925

358,836

342,602

326,917

253,391

242,623

228,014

213,933

255,998

244,714

230,859

211,812

190,411

171,373

159,806

144,988

131,919

116,872

98,132

76,983

53,232

20,723

-38,689

0

0

0

Preferred stock dividends

0

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other Comprehensive Loss:
Change in foreign currency translation adjustment

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Change from current period hedged transaction

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total tax benefit on other comprehensive loss

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other Comprehensive (loss)/income available for common stockholders, net of tax

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total comprehensive income available for common stockholders

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Earnings per share of Class A and Class B common stock:
Basic (in dollars per share)

1.17

1.43

1.36

1.11

1.24

1.29

1.41

1.11

1.07

4.56

0.96

0.98

0.83

0.95

0.91

0.89

0.90

0.79

0.75

0.74

0.19

0.69

0.61

0.61

0.60

0.59

0.48

0.42

0.39

0.39

0.37

0.28

0.27

0.28

0.18

0.08

0.05

-0.12

-2.37

Diluted (in dollars per share)

1.17

1.42

1.34

1.10

1.23

1.24

1.32

1.04

1.00

4.22

0.90

0.92

0.78

0.89

0.86

0.84

0.85

0.74

0.71

0.70

0.19

0.65

0.58

0.58

0.57

0.55

0.46

0.41

0.38

0.38

0.36

0.28

0.26

0.28

0.18

0.08

0.05

-0.12

-2.37

Weighted-average shares outstanding
Basic (in shares)

113,471

113,058

112,133

111,371

111,018

107,046

104,066

104,003

103,747

103,406

103,221

103,180

102,947

102,844

102,842

102,837

102,679

102,583

102,580

102,571

102,455

102,396

102,383

101,934

101,857

101,800

101,753

101,301

101,260

101,252

101,247

100,749

100,717

101,224

100,714

91,039

65,393

64,984

17,394

Diluted (in shares)

113,785

113,894

113,263

112,807

112,380

112,288

112,509

112,424

112,230

111,926

111,709

111,564

111,429

111,003

110,788

110,839

110,563

110,594

110,623

110,737

110,558

110,219

110,457

110,056

110,037

109,463

109,227

108,815

108,346

107,912

107,875

107,410

107,426

104,222

100,767

91,163

65,511

64,984

17,394

Dividends declared per share of Class A common stock (in dollars per share)

0.15

0.15

0.13

0.13

0.13

0.13

0.10

0.10

0.10

0.10

0.07

0.07

0.07

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-