AIRCASTLE LIMITED AYR Cash Flow

Aircastle limited (AYR)

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
Net income (loss)
87,544	156,575	213,094	206,091	225,182	247,919	199,202	220,301	162,982	147,874	244,207	214,213	241,359	235,182	134,370	92,944	114,722	121,729	143,852	176,992	138,320	100,828	76,485	-17,224	12,494	29,781	11,149	39,860	23,330	32,868	38,698	107,210	114,195	124,270	0	0	0
Cash flows from operating activities:
Adjustments to reconcile net income (loss) to net cash and restricted cash provided by operating activities:
Depreciation
360,991	356,021	346,918	333,980	320,583	310,850	300,460	292,419	294,492	298,664	532,662	538,845	535,661	533,134	309,163	318,286	320,584	318,783	311,673	301,868	300,284	299,365	297,706	292,656	288,951	284,924	282,344	280,288	275,306	269,920	263,828	255,547	247,026	242,103	0	0	0
Amortization of deferred financing costs
14,795	14,578	14,603	14,543	14,458	14,627	14,377	17,352	18,813	19,435	34,368	31,730	30,623	32,075	17,234	16,883	16,786	14,878	14,679	14,439	14,240	13,961	13,455	12,925	15,704	14,719	14,124	13,539	12,168	12,449	12,959	13,545	14,459	15,271	0	0	0
Amortization of Lease Incentives, Premiums and Discounts, Net
22,621	22,636	21,514	19,663	17,852	15,269	13,640	11,984	11,730	11,714	19,133	17,266	17,814	15,772	5,795	7,387	7,910	10,664	9,208	8,170	3,405	6,172	14,136	22,798	31,921	32,411	31,979	29,080	18,327	12,844	11,996	9,867	14,941	16,445	0	0	0
Deferred income taxes
23,916	20,223	6,167	4,335	1,362	-496	-3,729	-4,989	-8,951	-8,948	4,787	6,209	10,986	9,285	-2,305	-3,283	-9,391	-6,889	4,031	-2,499	3,626	2,863	-1,626	5,178	3,569	4,416	6,638	7,608	7,645	6,828	5,370	5,360	5,139	5,615	0	0	0
Share-based Payment Arrangement, Noncash Expense
51,831	15,830	12,439	11,937	11,836	11,488	10,764	10,472	13,424	13,148	18,537	18,090	14,156	13,697	7,352	6,717	6,010	5,537	5,058	4,583	4,424	4,244	4,805	4,923	4,748	4,569	3,930	3,991	3,867	4,232	4,327	4,818	5,067	5,786	0	0	0
Cash flow hedges reclassified into earnings
0	-184	-467	-755	-1,049	-1,166	-1,360	-1,641	-1,922	-2,202	-11,387	-11,523	-13,945	-18,736	-13,748	-18,049	-21,162	-24,023	-27,598	-31,141	-33,885	-34,979	-34,710	-33,461	-34,318	-33,265	-34,159	-61,699	-43,122	-30,777	-58,924	-18,367	-21,842	-23,078	0	0	0
Proceeds from Collection of Finance Receivables
2,213	0	24,576	27,805	29,393	29,961	31,156	28,126	33,063	32,184	43,086	43,178	35,777	33,826	17,204	12,597	10,948	9,559	8,984	8,888	9,813	10,312	10,946	11,675	10,436	9,508	0	0	0	-	-	-	-	-	-	-	-
Ineffective portion of cash flow hedges
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-1,023	1,065	-943	101	0	0	0
Security deposits and maintenance payments included in earnings
81,338	49,029	118,730	104,236	94,938	80,628	-21	-4,562	8,088	17,947	40,270	53,379	44,843	35,967	28,042	19,112	33,010	35,843	89,419	89,407	96,726	107,031	66,322	74,580	51,639	60,112	49,915	53,900	64,717	54,180	46,550	36,036	29,688	35,500	0	0	0
Gain (Loss) on Disposition of Property Plant Equipment
60,579	45,532	33,611	23,482	43,000	36,766	47,827	66,515	60,176	55,167	75,052	53,337	41,984	54,058	29,915	45,667	64,597	58,017	52,796	48,507	28,289	23,146	25,003	16,705	37,138	37,220	28,286	25,205	6,743	5,747	13,196	22,182	29,626	39,092	0	0	0
Gain (Loss) on Extinguishment of Debt
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Impairment of flight equipment
70,061	7,404	0	0	0	-	-	-	-	80,430	109,015	119,477	56,270	55,770	0	0	0	-	-	-	-	93,993	71,976	157,676	129,370	117,306	120,002	92,542	102,653	96,454	0	0	0	-	-	-	-
Provision for Loan and Lease Losses
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other
2,192	-206	-15,050	-10,732	-9,330	-3,032	11,979	7,226	3,137	-1,476	4,789	7,525	9,909	11,579	5,877	3,847	2,663	896	-1,669	679	-1,493	878	3,317	1,597	4,712	5,323	5,429	1,920	2,155	-675	-1,908	1,046	-856	-742	0	0	0
Changes in certain assets and liabilities:
Accounts receivable
34,183	13,162	14,591	12,912	20,310	12,328	16,880	16,139	1,007	6,734	-1,247	-1,359	-132	-2,531	3,960	447	5,362	5,406	-1,347	-1,413	-1,935	509	-206	-188	-35	-3,397	-8,238	-1,494	-2,732	2,530	12,369	7,886	9,502	4,818	0	0	0
Restricted cash and cash equivalents related to operating activities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-6,124	-4,418	0	0	0
Other assets
4,317	-2,594	-5,961	-11,733	-6,701	-5,065	-866	-666	9,321	7,655	8,069	8,596	-2,863	-2,726	-3,164	2,963	-1,006	5,033	13,837	11,387	17,151	11,146	1,682	5,584	-88	-1,164	-5,352	-7,723	-2,710	-919	2,855	3,369	3,830	2,675	0	0	0
Accounts payable, accrued expenses and other liabilities
-1,273	-5,483	1,932	13,706	3,246	10,526	2,685	1,252	-534	13,857	13,634	5,967	11,713	12,445	9,629	4,521	9,447	7,255	-1,708	28,801	11,312	1,345	12,176	-13,598	4,779	3,016	11,639	1,725	34,214	17,732	19,669	22,196	230	-1,848	0	0	0
Lease rentals received in advance
8,032	19,954	18,930	23,141	27,448	32,868	27,750	17,545	9,628	-1,478	753	6,355	7,031	5,756	10,210	9,305	12,182	15,665	10,580	8,080	5,665	7,176	6,424	7,516	1,793	-2,276	-3,450	-3,676	1,922	4,036	5,712	5,140	3,840	-753	0	0	0
Net cash and restricted cash provided by operating activities
499,275	536,418	499,739	515,234	480,047	522,592	513,355	496,452	508,200	490,871	861,550	848,197	845,817	835,505	485,228	511,376	514,621	526,285	501,281	494,387	488,723	458,786	470,699	444,603	434,281	424,037	440,634	428,608	447,058	427,277	410,160	388,202	368,836	359,377	0	0	0
Cash flows from investing activities:
Acquisition and improvement of flight equipment
865,682	1,172,370	1,583,661	1,612,715	1,590,821	1,317,497	1,310,873	1,255,484	978,783	1,038,343	1,684,551	1,793,667	2,168,858	2,123,329	1,078,361	1,001,559	1,152,922	1,320,669	1,767,387	1,635,129	1,273,693	1,672,460	1,366,174	1,767,106	1,922,587	1,263,706	0	0	0	-	-	-	-	-	-	-	-
Proceeds from sale of flight equipment
455,480	361,747	291,727	217,570	351,221	338,831	344,757	773,484	860,674	833,576	1,520,882	1,143,417	955,437	1,244,647	708,247	670,183	818,022	562,518	612,099	818,766	855,468	832,961	846,728	560,173	576,313	568,045	292,249	279,385	78,739	61,489	225,088	373,632	416,496	489,196	0	0	0
Payments for (Proceeds from) Other Deposits
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Net investment in direct financing and sales-type leases
-	-	-	-	-	15,783	100,633	228,006	312,192	331,721	325,763	199,390	193,569	157,784	0	0	0	-	-	-	-	-	-	-	-	11,595	11,595	11,605	103,095	91,500	0	0	0	-	-	-	-
Aircraft purchase deposits and progress payments, net of returned deposits and aircraft sales deposits
27,388	-760	-9,879	-6,525	-1,303	15,494	3,157	8,754	2,846	7,681	23,696	16,754	18,436	23,663	0	0	0	-	-	-	-	-	-	-	-	-	-	-1,533	7,904	20,553	50,285	69,127	101,957	122,069	0	0	0
Distributions from unconsolidated equity method investment in excess of earnings
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	0	-	-	-	-	-	-	-	-
Collections on finance leases
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	-	-
Purchase of debt investment
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	43,626	0	0	0	-	-	-	-
Principal repayments on debt investment
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	42,001	45,341	45,341	48,586	6,585	0	0	0	-	-	-	-
Other
-3,085	-4,259	-4,404	-4,030	-4,543	-4,745	837	2,254	3,890	5,122	1,244	1,054	1,387	1,651	1,162	863	414	610	-304	245	255	-98	517	-13	927	903	999	1,394	646	691	0	0	0	-	-	-	-
Net cash and restricted cash used in investing activities
-405,379	-784,029	-1,262,316	-1,361,157	-1,210,321	-974,687	-1,062,232	-706,015	-410,467	-517,107	-489,334	-843,316	-1,414,039	-1,058,688	-529,724	-414,062	-436,469	-847,662	-1,161,790	-918,484	-445,710	-861,602	-572,589	-1,245,292	-1,355,899	-682,933	-749,236	-348,775	-627,558	-741,909	-773,872	-762,500	-443,951	-445,420	0	0	0
Cash flows from financing activities:
Repurchase of shares
-53,221	-36,739	-55,763	-70,722	-73,432	-71,421	-36,955	-17,336	-11,762	-4,862	-42,199	-42,569	-43,173	-73,910	-55,494	-52,775	-52,171	-20,881	-1,960	-1,961	-1,961	-2,092	-2,133	187,406	187,406	197,437	210,966	49,991	50,651	44,180	30,900	32,336	76,712	91,610	0	0	0
Proceeds from Contributions from Parent
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from secured and unsecured debt financings
2,551,848	2,116,848	2,606,847	3,255,749	1,628,901	1,413,901	1,048,902	175,000	175,000	675,000	1,554,250	1,766,290	2,053,600	2,053,600	1,174,350	962,310	975,000	975,000	1,000,000	1,000,000	700,000	1,003,200	1,288,200	1,366,430	1,366,430	563,230	0	0	0	-	-	-	-	669,047	0	0	0
Repayments of secured and unsecured debt financings
2,023,897	1,817,558	2,070,600	1,946,150	943,545	969,139	561,891	339,404	949,081	878,534	1,441,229	1,286,363	756,162	1,077,912	622,168	820,420	780,640	681,393	637,417	476,999	950,420	984,517	975,139	1,043,610	715,259	510,162	493,921	453,055	866,839	847,415	857,417	826,457	337,862	390,945	0	0	0
Restricted cash and cash equivalents related to financing activities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	5,528	8,337	15,502	23,889	99,857	99,848	6,660	-10,831	-80,268	-86,803	76,883	99,748	87,815	83,403	-69	-25,056	0	0	0
Payment for Debt Extinguishment or Debt Prepayment Cost
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deferred financing costs
11,879	13,800	18,725	22,192	13,563	11,642	6,628	1,615	502	8,540	27,430	28,582	34,747	36,163	16,969	16,344	12,364	11,881	12,185	11,667	10,059	15,843	23,798	26,142	25,179	10,865	16,807	14,538	31,861	31,691	19,798	26,636	13,104	20,179	0	0	0
Restricted secured liquidity facility collateral
-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	42,000	42,000	42,000	42,000	0	6,000	6,000	5,700	3,000	-4,000	-5,000	36,300	35,000	0	0	0
Liquidity facility
-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	42,000	42,000	42,000	42,000	0	0	0	0	-	-	-	-	-	-	-	-
Security deposits and maintenance payments received
195,188	202,833	195,848	187,786	195,400	203,925	209,584	214,298	205,455	192,830	310,485	310,052	303,341	295,439	161,514	153,427	152,173	152,391	162,313	167,197	170,269	178,805	177,511	179,035	231,230	200,678	302,478	256,052	168,939	159,575	14,886	18,567	15,550	20,574	0	0	0
Security deposits and maintenance payments returned
109,777	117,872	137,399	116,873	98,455	90,803	89,223	102,310	122,064	141,185	156,133	140,193	107,141	88,694	41,637	32,156	32,020	33,398	109,667	135,659	149,533	152,900	95,391	92,739	107,393	82,137	119,533	94,882	62,904	63,974	3,367	3,217	4,097	7,914	0	0	0
Dividends paid
92,835	91,328	90,311	89,791	89,163	88,730	87,900	86,478	85,052	83,433	138,533	136,957	135,390	133,839	76,079	75,067	74,015	72,960	71,400	69,742	68,080	66,421	64,767	61,895	56,991	52,058	47,406	44,522	44,072	43,669	52,032	50,950	47,960	45,059	0	0	0
Maintenance payments received
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	136,393	126,975	124,838	122,050	0	0	0
Maintenance payments returned
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	60,659	73,063	80,960	89,300	0	0	0
Secured liquidity facility collateral
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	0	0	0
Payments for terminated cash flow hedges
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	33,427	33,427	33,427	33,427	0	0	0	0	-	-	-	-	-	-	-	-
Security Deposits Maintenance Liabilities And Other Liabilities Settled In Sale Of Flight Equipment
-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	121,793	-	96,008	106,881	91,722	84,215	83,034	40,920	62,517	58,862	0	0	0	-	-	-	-	-	-	-	-
Term debt financings assumed in asset acquisitions
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	39,061	39,061	39,061	123,782	84,721	0	0	0	-	-	-	-	-	-	-	-
Other
-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash and restricted cash provided by (used in) financing activities
471,095	235,201	422,714	1,197,807	606,143	386,091	475,889	-157,845	-788,006	-248,724	56,928	437,322	1,275,972	934,165	506,818	105,512	164,040	306,878	335,212	479,506	-327,117	-82,141	338,078	557,951	842,411	295,292	322,793	59,375	617,133	637,327	321,417	481,343	91,510	141,608	0	0	0
Net increase in cash and restricted cash:
564,991	-12,410	-339,863	351,884	-124,131	-66,004	-72,988	-367,408	-690,273	-274,960	429,144	442,203	707,750	710,982	462,322	202,826	242,192	-14,499	-325,297	55,409	-284,104	-484,957	236,188	-242,738	-79,207	36,396	14,191	139,208	436,633	322,695	-42,295	107,045	16,395	55,565	0	0	0
Supplemental disclosures of cash flow information:
Cash paid for interest
0	-	-	-	0	-	-	-	227,296	228,125	239,480	237,591	222,944	224,705	207,119	210,057	210,843	195,162	195,427	178,864	189,380	201,611	194,431	207,362	194,087	195,350	189,330	184,300	149,188	167,069	146,553	162,327	171,252	162,938	0	0	0
Cash paid (received) for income taxes
0	-	-	-	0	-	-	-	7,588	4,576	7,411	16,084	15,961	16,693	15,955	11,607	11,658	12,716	10,427	5,432	6,339	5,144	4,168	3,588	1,610	487	1,404	1,355	1,380	2,468	2,207	2,171	2,482	2,054	0	0	0
Supplemental disclosures of non-cash investing activities:
Advance lease rentals, security deposits, maintenance payments, other liabilities and other assets assumed in asset acquisitions
0	-	-	-	0	-	-	-	156,786	149,100	225,725	100,660	201,309	202,808	115,318	111,267	11,821	13,307	43,922	45,617	57,826	56,298	63,487	85,446	90,404	88,882	51,505	30,831	23,123	24,261	0	0	0	-	-	-	-
Advance lease rentals, security deposits, maintenance payments, other liabilities and other assets settled in sale of flight equipment
0	-	-	-	0	-	-	-	147,163	132,585	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Transfers from flight equipment held for lease to Net investment in leases and Other assets
0	-	-	-	0	-	-	-	185,643	154,213	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Acquisition and improvement of flight equipment and lease incentives
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	0	0	0
Restricted cash and cash equivalents related to sale of flight equipment
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-35,762	0	0	0	-	-	-	-
Payments to Acquire Interest in Subsidiaries and Affiliates
7,624	15,175	18,526	10,901	10,901	3,350	0	0	0	-	-	-	-	30,734	12,686	11,688	7,731	0	0	0	0	-	-	-	-	20,189	0	0	0	-	-	-	-	-	-	-	-
Security deposits converted to advance lease rentals
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0