AIRCASTLE LIMITED AYR Cash Flow

Aircastle limited (AYR)

CashFlow / Yearly

Dec'19	Dec'18	Dec'17	Dec'16	Dec'15	Dec'14	Dec'13	Dec'12	Dec'11	Dec'10	Dec'09
Net income (loss)
156,575	247,919	147,874	151,453	121,729	100,828	29,781	32,868	124,270	65,816	102,492
Cash flows from operating activities:
Adjustments to reconcile net income (loss) to net cash and restricted cash provided by operating activities:
Depreciation
356,021	310,850	298,664	305,216	318,783	299,365	284,924	269,920	242,103	220,476	209,481
Amortization of deferred financing costs
14,578	14,627	19,435	18,508	14,878	13,961	14,719	12,449	15,271	15,065	12,232
Amortization of Lease Incentives, Premiums and Discounts, Net
22,636	15,269	11,714	10,353	10,664	6,172	32,411	12,844	16,445	20,081	11,229
Deferred income taxes
20,223	-496	-8,948	6,156	-6,889	2,863	4,416	6,828	5,615	3,727	6,176
Accretion of purchase discounts on debt investments
-	-	-	-	-	-	-	-	-	-	-469
Share-based Payment Arrangement, Noncash Expense
15,830	11,488	13,148	7,901	5,537	4,244	4,569	4,232	5,786	7,509	6,868
Cash flow hedges reclassified into earnings
-184	-1,166	-2,202	-9,662	-24,023	-34,979	-33,265	-30,777	-23,078	9,634	12,894
Proceeds from Collection of Finance Receivables
0	29,961	32,184	19,413	9,559	10,312	9,508	3,852	0	-	-
Sales-type and Direct Financing Leases, Profit (Loss)
-25,842	0	0	-	-	-	-	-	-	-	-
Ineffective portion of cash flow hedges
-	-	-	-	-	-	-	-	101	5,039	463
Security deposits and maintenance payments included in earnings
49,029	80,628	17,947	23,123	35,843	107,031	60,112	54,180	35,500	14,004	47,934
Gain (Loss) on Disposition of Property Plant Equipment
45,532	36,766	55,167	39,126	58,017	23,146	37,220	5,747	39,092	7,084	1,162
Gain (Loss) on Extinguishment of Debt
-7,577	0	0	-	-	-36,570	0	0	-	-	-
Gain on sale of debt investments
-	-	-	-	-	-	-	-	-	-	4,965
Impairment of flight equipment
7,404	0	80,430	28,585	119,835	93,993	117,306	96,454	6,436	7,342	18,211
Earnings of unconsolidated equity method investment, net of tax
-	-	-	-	-	-	-	-	0	-	-
Other
-206	-3,032	-1,476	6,867	896	878	5,323	-675	-742	-848	959
Changes in certain assets and liabilities:
Accounts receivable
13,162	12,328	6,734	-832	5,406	509	-3,397	2,530	4,818	412	-364
Restricted cash and cash equivalents related to operating activities
-	-	-	-	-	-	-	-	-4,418	1,560	-1,619
Other assets
-2,594	-5,065	7,655	1,089	5,033	11,146	-1,164	-919	2,675	3,097	1,796
Accounts payable, accrued expenses and other liabilities
-5,483	10,526	13,857	-4,014	7,255	1,345	3,016	17,732	-1,848	18,478	-3,189
Lease rentals received in advance
19,954	32,868	-1,478	3,645	15,665	7,176	-2,276	4,036	-753	8,672	6,086
Net cash and restricted cash provided by operating activities
536,418	522,592	490,871	468,092	526,285	458,786	424,037	427,277	359,377	356,530	327,641
Cash flows from investing activities:
Acquisition and improvement of flight equipment
1,172,370	1,317,497	1,038,343	1,331,059	1,320,669	1,672,460	1,263,706	693,227	776,750	-	-
Proceeds from sale of flight equipment
361,747	338,831	833,576	755,898	562,518	832,961	568,045	61,489	489,196	68,622	11,601
Net investment in direct financing and sales-type leases
0	15,783	331,721	78,892	91,648	14,258	11,595	91,500	0	0	-
Aircraft purchase deposits and progress payments, net of returned deposits and aircraft sales deposits
-760	15,494	7,681	9,628	6,812	0	6,094	20,553	122,069	144,143	83,081
Distributions from unconsolidated equity method investment in excess of earnings
36,750	3,900	0	-	-	-	0	0	-	-	-
Collections on finance leases
-	-	-	-	-	-	-	-	-	0	-
Purchase of debt investment
-	-	-	-	-	-	-	43,626	0	0	-
Principal repayments on debt investment
-	-	-	-	-	-	42,001	6,585	0	0	-17,247
Other
-4,259	-4,745	5,122	839	610	-98	903	691	35	65	84
Net cash and restricted cash used in investing activities
-784,029	-974,687	-517,107	-663,155	-847,662	-861,602	-682,933	-741,909	-445,420	-541,115	-269,434
Cash flows from financing activities:
Repurchase of shares
-36,739	-71,421	-4,862	-37,337	-20,881	-2,092	197,437	44,180	91,610	1,663	262
Proceeds from secured and unsecured debt financings
2,116,848	1,413,901	675,000	1,054,250	975,000	1,003,200	563,230	1,459,690	669,047	547,719	142,228
Repayments of secured and unsecured debt financings
1,817,558	969,139	878,534	588,778	681,393	984,517	510,162	847,415	390,945	304,533	153,964
Restricted cash and cash equivalents related to financing activities
-	-	-	-	-	23,889	-10,831	99,748	-25,056	18,342	-26,830
Payment for Debt Extinguishment or Debt Prepayment Cost
7,183	0	0	-	-	32,835	0	0	-	-	-
Deferred financing costs
13,800	11,642	8,540	18,890	11,881	15,843	10,865	31,691	20,179	15,365	6,127
Restricted secured liquidity facility collateral
-	-	-	65,000	0	42,000	0	3,000	35,000	-6,000	81,000
Liquidity facility
-	-	-	65,000	0	42,000	0	3,000	35,000	-	-
Security deposits and maintenance payments received
202,833	203,925	192,830	171,672	152,391	178,805	200,678	159,575	20,574	14,218	52,351
Security deposits and maintenance payments returned
117,872	90,803	141,185	51,658	33,398	152,900	82,137	63,974	7,914	14,281	14,687
Dividends paid
91,328	88,730	83,433	77,137	72,960	66,421	52,058	43,669	45,059	31,800	31,632
Maintenance payments received
-	-	-	-	-	-	-	-	122,050	119,118	84,030
Maintenance payments returned
-	-	-	-	-	-	-	-	89,300	46,174	38,837
Secured liquidity facility collateral
-	-	-	-	-	-	-	-	-	-6,000	81,000
Payments for terminated cash flow hedges
-	-	-	-	-	33,427	0	50,757	0	3,705	2,758
Security Deposits Maintenance Liabilities And Other Liabilities Settled In Sale Of Flight Equipment
-	-	-	-	-	84,215	58,862	4,135	21,585	100	2,556
Term debt financings assumed in asset acquisitions
-	-	-	-	-	39,061	84,721	0	0	-	-
Other
-	-	-	2,283	0	0	-	-	-	-	-
Net cash and restricted cash provided by (used in) financing activities
235,201	386,091	-248,724	449,839	306,878	-82,141	295,292	637,327	141,608	281,876	3,512
Net increase in cash and restricted cash:
-12,410	-66,004	-274,960	254,776	-14,499	-484,957	36,396	322,695	55,565	97,291	61,719
Supplemental disclosures of cash flow information:
Cash paid for interest
246,026	214,350	228,125	224,705	195,162	201,611	195,350	167,069	162,938	136,596	145,573
Cash paid (received) for income taxes
-656	6,254	4,576	16,693	12,716	5,144	487	2,468	2,054	3,528	1,782
Supplemental disclosures of non-cash investing activities:
Advance lease rentals, security deposits, maintenance payments, other liabilities and other assets assumed in asset acquisitions
31,958	63,432	149,100	202,808	13,307	56,298	88,882	24,261	5,666	20,204	-
Advance lease rentals, security deposits, maintenance payments, other liabilities and other assets settled in sale of flight equipment
90,397	71,837	132,585	75,335	93,601	-	-	-	-	-	-
Transfers from flight equipment held for lease to Net investment in leases and Other assets
104,838	11,202	154,213	142,950	40,327	66,146	53,510	-	-	-	-
Acquisition and improvement of flight equipment and lease incentives
-	-	-	-	-	-	-	-	-	465,529	215,117
Restricted cash and cash equivalents related to sale of flight equipment
-	-	-	-	-	0	0	-35,762	35,762	0	-
Payments to Acquire Interest in Subsidiaries and Affiliates
15,175	3,350	0	18,048	0	18,255	20,189	0	0	-	-
Advance lease rentals converted to maintenance reserves
-	-	-	-	-	-	-	-	-	1,750	-
Security deposits converted to advance lease rentals
-	-	-	-	-	-	-	-	-	730	-
Security deposits converted to maintenance payment liabilities
-	-	-	-	-	-	-	-	-	0	11,110