AIRCASTLE LIMITED AYR Income Statement

Aircastle limited (AYR)

Income statement / 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	Sep'10	Jun'10
Revenues:
Operating Leases, Income Statement, Lease Revenue
795,089	777,403	761,744	740,782	726,445	722,694	707,943	697,587	708,199	721,302	738,921	749,209	736,236	725,220	721,064	727,127	735,841	733,417	728,225	719,073	717,465	714,654	705,725	687,987	662,674	644,929	633,746	632,145	627,851	623,503	615,261	601,604	591,335	580,209	563,847	546,090	0	0	0
Direct financing and sales-type lease revenue
30,618	32,295	33,022	33,586	34,133	35,132	36,456	34,075	31,085	25,716	20,527	19,469	17,765	17,190	15,332	11,846	9,549	7,658	6,911	6,506	8,526	10,906	13,392	16,051	16,268	16,165	16,039	15,435	12,277	8,393	0	0	0	-	-	-	-	-	-
Amortization of lease premiums, discounts and incentives
22,621	22,636	21,514	19,663	17,852	15,269	13,640	11,984	11,730	11,714	13,714	11,847	12,395	10,353	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	15,044	15,244	0	0	0
Total lease revenue
908,224	862,049	921,062	891,420	852,874	848,295	743,140	746,566	783,386	791,432	814,459	817,878	786,223	765,647	767,105	776,987	791,716	801,460	834,047	805,613	825,623	807,394	765,375	758,755	701,539	697,025	676,983	675,689	679,340	672,372	656,813	630,823	609,151	600,718	576,349	565,228	0	0	0
Total expenses
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	505,396	487,974	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	60,120	38,405	27,052	39,126	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	27,667	0	0	-	0
Total revenues
986,509	917,938	966,774	920,738	901,598	890,351	794,428	816,652	849,435	851,787	898,923	880,522	833,451	812,084	776,572	793,994	808,571	819,202	849,192	814,714	836,295	818,602	772,333	764,827	709,059	708,645	693,267	696,043	697,846	686,572	666,900	635,541	612,198	605,197	580,506	569,183	0	0	0
Operating expenses:
Depreciation
360,991	356,021	346,918	333,980	320,583	310,850	300,460	292,419	294,492	298,664	304,744	310,927	307,743	305,216	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	234,002	228,294	0	0	0
Interest, net
-256,114	-258,070	-257,968	-249,838	-240,859	-234,504	-227,492	-230,997	-235,271	-241,231	-252,546	-253,707	-254,487	-255,660	-248,004	-246,588	-245,687	-243,577	-240,890	-237,303	-236,246	-238,378	-241,657	-242,706	-248,868	-243,757	-465,460	-461,718	-330,941	-222,808	-295,533	-192,560	-200,788	-204,150	197,837	189,131	0	0	0
Selling, general and administrative (including non-cash share-based payment expense of $38,727 and $2,726 for the three months ended March 31, 2020 and 2019, respectively)
121,416	77,034	75,574	75,924	76,190	76,025	72,837	71,668	75,272	73,604	70,480	69,328	62,547	61,872	60,418	58,465	57,758	56,198	56,618	56,403	55,761	55,773	55,957	54,970	54,095	53,436	51,051	50,128	48,457	48,370	46,260	46,553	46,620	45,953	47,643	46,479	0	0	0
Impairment of flight equipment
70,061	7,404	7,404	7,404	0	-	0	0	-	80,430	81,830	92,292	29,085	28,585	105,588	119,081	0	-	0	0	-	93,993	71,976	157,676	129,370	117,306	120,002	92,542	102,653	96,454	90,023	16,547	0	-	0	0	-	0	-
Maintenance and other costs
22,180	24,828	24,100	19,029	15,377	8,961	5,959	6,352	7,134	9,077	10,115	9,377	9,301	7,773	7,880	8,566	9,962	11,502	11,143	9,336	8,319	7,239	7,389	8,590	12,082	13,631	14,177	16,189	15,294	14,656	14,276	14,395	12,521	13,277	12,136	11,528	0	0	0
Total operating expenses
830,762	723,357	711,964	686,175	653,009	630,340	606,748	601,436	692,099	703,006	719,715	735,631	663,163	659,106	670,127	744,508	753,826	749,895	749,670	676,289	676,340	694,748	674,685	756,598	733,366	713,054	776,218	0	0	-	0	-	-	-	-	-	-	-	-
Gain (Loss) on Extinguishment of Debt
0	-	0	-	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-
Merger Expenses
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other expense:
Other
-9,915	-11,864	-7,036	-6,410	-3,599	1,636	5,036	4,308	1,847	-2,476	594	744	2,451	-	442	722	852	919	790	721	444	1,207	1,874	2,728	5,674	6,132	5,014	4,159	1,930	602	489	372	-22	-268	-654	-713	0	0	0
Nonoperating Income (Expense)
0	-	0	-	0	-	0	-	-	-	-	-	-	3,527	30,357	46,389	65,449	58,936	53,586	49,228	-7,837	-12,217	-9,693	-17,137	42,812	43,352	33,300	29,364	8,673	6,349	13,685	22,554	29,604	38,824	28,304	17,957	0	0	0
Income (Loss) from Continuing Operations before Equity Method Investments, Income Taxes, Noncontrolling Interest
102,090	175,140	240,197	228,153	244,990	261,647	192,716	219,524	159,183	146,305	164,870	130,630	159,906	156,505	136,802	95,875	120,194	128,243	153,108	187,653	152,118	111,637	87,955	-8,908	18,505	38,943	19,737	50,746	31,830	40,713	46,465	114,513	121,687	132,102	103,414	99,166	0	0	0
Income tax provision
19,718	22,667	16,713	12,444	9,584	5,642	1,030	5,989	3,352	6,042	12,061	8,324	10,214	12,307	9,516	9,767	11,847	12,771	14,975	15,750	17,843	13,863	13,421	9,340	6,514	9,215	8,588	10,886	8,500	7,845	7,767	7,303	7,492	7,832	6,194	6,472	0	0	0
Earnings (loss) of unconsolidated equity method investments, net of tax
5,172	4,102	-10,390	-9,618	-10,224	-8,086	7,516	6,766	7,151	7,611	7,669	8,178	7,938	7,255	7,084	6,836	6,375	6,257	5,719	5,089	4,045	3,054	1,951	1,024	503	53	0	0	0	-	-	-	-	-	-	-	-	-	-
Net Income (Loss) Attributable to Parent
87,544	156,575	213,094	206,091	225,182	247,919	199,202	220,301	162,982	147,874	160,478	130,484	157,630	151,453	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	97,220	92,694	0	0	0
Net derivative loss reclassified into earnings
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other Comprehensive Income (Loss), Net of Tax
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Comprehensive Income (Loss), Net of Tax, Attributable to Parent
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Earnings (loss) per common share — Basic:
Net income per share (in dollars per share)
-	-	0.58	0.41	-	1.34	0.47	0.64	0.73	0.70	0.73	-0.09	0.54	0.86	0.35	0.25	0.46	0.63	-0.17	0.51	0.53	0.90	0.24	0.04	0.07	0.53	-0.95	0.48	0.34	0.43	-0.65	0.23	0.45	0.49	0.31	0.30	0.54	0.11	0.23
Earnings (loss) per common share — Diluted:
Net income per share (in dollars per share)
-	-	0.57	0.41	-	1.34	0.46	0.64	0.73	0.69	0.73	-0.09	0.54	0.86	0.35	0.25	0.46	0.63	-0.17	0.51	0.53	0.90	0.24	0.04	0.07	0.53	-0.95	0.48	0.34	0.43	-0.65	0.23	0.45	0.49	0.31	0.30	0.54	0.11	0.23
Dividends declared per share (in dollars per share)
-	-	0.30	0.30	-	0.30	0.28	0.28	0.28	0.28	0.26	0.26	0.26	0.26	0.24	0.24	0.24	0.24	0.22	0.22	0.22	0.22	0.20	0.20	0.20	0.20	0.16	0.16	0.16	0.16	0.15	0.15	0.15	0.15	0.12	0.12	0.10	0.10	0.10
Maintenance revenue
Revenue from Contract with Customer, Excluding Assessed Tax
105,138	74,987	147,810	136,715	110,148	105,738	12,381	26,888	55,832	56,128	68,725	61,047	44,617	33,590	36,504	45,401	54,236	71,049	108,119	88,204	103,037	88,006	60,394	77,515	54,518	68,342	59,177	57,189	57,539	53,320	49,074	38,130	32,757	36,954	27,546	34,382	0	0	0
Other revenue
Revenue from Contract with Customer, Excluding Assessed Tax
17,706	10,357	12,101	5,836	5,724	5,290	3,461	3,571	5,873	5,188	9,412	9,234	7,343	7,311	9,467	17,007	16,855	17,742	15,145	9,101	10,672	11,208	6,958	6,072	7,520	11,620	16,284	20,354	18,506	14,200	10,087	4,718	3,047	4,479	4,157	3,955	0	0	0