AIRCASTLE LTD Financial Statements (2024 and earlier)
Company Profile
| Business Address |
C/O AIRCASTLE ADVISOR LLC STAMFORD, CT 06901 |
| State of Incorp. | |
| Fiscal Year End | February 28 |
| Industry (SIC) | 7359 - Equipment Rental and Leasing, Not Elsewhere Classified (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
| 11/30/2023 MRQ | 2/28/2023 | 11/30/2022 MRQ | 2/28/2022 | 2/28/2021 | 12/31/2019 | 12/31/2018 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 231,861 | 208,208 | 167,891 | 578,004 | 140,882 | 152,719 | |||
| Cash and cash equivalents | 231,861 | 208,208 | 167,891 | 578,004 | 140,882 | 152,719 | |||
| Receivables | (864) | ||||||||
| Total current assets: | 231,861 | 208,208 | 167,891 | 577,140 | 140,882 | 152,719 | |||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 16,930 | 16,959 | 7,176 | 8,056 | 9,329 | ✕ | |||
| Long-term investments and receivables | 40,505 | 40,097 | 38,317 | 35,377 | 32,974 | 73,403 | |||
| Long-term investments | 40,505 | 40,097 | 38,317 | 35,377 | 32,974 | 69,111 | |||
| Accounts and financing receivable, after allowance for credit loss | 4,292 | ||||||||
| Total noncurrent assets: | 57,435 | 57,056 | 45,493 | 43,433 | 42,303 | 73,403 | |||
| Other undisclosed assets | 6,977,555 | 6,921,751 | 6,879,882 | 7,077,765 | 8,018,861 | 7,645,059 | |||
| TOTAL ASSETS: | 7,266,851 | 7,187,015 | 7,093,266 | 7,698,338 | 8,202,046 | 7,871,181 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Noncurrent Liabilities | |||||||||
| Liabilities, other than long-term debt | 79,990 | 66,123 | 30,237 | 18,971 | (43,935) | ||||
| Deferred lease income, after accumulated amortization | ✕ | ✕ | ✕ | ✕ | (44,887) | (44,696) | |||
| Deferred revenue and credits | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | (43,935) | ||
| Deferred income tax liabilities | 79,990 | 66,123 | 75,124 | 63,667 | ✕ | ||||
| Total noncurrent liabilities: | 79,990 | 66,123 | 30,237 | 18,971 | (43,935) | ||||
| Other undisclosed liabilities | 5,315,403 | 5,318,723 | 5,197,444 | 5,937,031 | 6,130,391 | 5,906,435 | |||
| Total liabilities: | 5,395,393 | 5,318,723 | 5,263,567 | 5,967,268 | 6,149,362 | 5,862,500 | |||
| Equity | |||||||||
| Equity, attributable to parent, including: | 1,871,458 | 1,868,292 | 1,829,699 | 1,731,070 | 2,052,684 | 2,008,681 | |||
| Common stock | 751 | 754 | |||||||
| Additional paid in capital | 1,878,774 | 1,878,774 | 1,878,774 | 1,485,777 | 1,446,664 | 1,468,779 | |||
| Deferred compensation equity | (15,149) | ||||||||
| Accumulated other comprehensive loss | (184) | ||||||||
| Retained earnings (accumulated deficit) | (7,316) | (10,482) | (49,075) | 245,293 | 605,269 | 539,332 | |||
| Other undisclosed equity, attributable to parent | 15,149 | ||||||||
| Total equity: | 1,871,458 | 1,868,292 | 1,829,699 | 1,731,070 | 2,052,684 | 2,008,681 | |||
| TOTAL LIABILITIES AND EQUITY: | 7,266,851 | 7,187,015 | 7,093,266 | 7,698,338 | 8,202,046 | 7,871,181 | |||
Income Statement (P&L) ($ in thousands)
| 11/30/2023 TTM | 2/28/2023 | 11/30/2022 TTM | 2/28/2022 | 2/28/2021 | 12/31/2019 | 12/31/2018 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 796,033 | 861,504 | 769,787 | 832,288 | 917,938 | 890,351 | ||
| Revenue, net | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 833,722 | |
| Operating lease, lease income | 586,508 | 602,422 | 595,236 | ✕ | ||||
| Cost of revenue (Provision for Loan, Lease, and Other Losses) | (930) | (5,258) | ||||||
| Other undisclosed gross profit | (930) | |||||||
| Gross profit: | 796,033 | 860,574 | 768,857 | 827,030 | 917,938 | 890,351 | ||
| Operating expenses | (723,452) | (1,043,230) | (1,102,564) | (1,122,110) | (723,357) | (630,340) | ||
| Operating income (loss): | 72,581 | (182,656) | (333,707) | (295,080) | 194,581 | 260,011 | ||
| Nonoperating income (expense) | 13,456 | 2,810 | 43,526 | (35,436) | (19,441) | 1,636 | ||
| Other nonoperating income (expense) | 14,092 | 3,273 | 57,682 | (191) | (11,864) | |||
| Interest and debt expense | (210,840) | (206,398) | (216,487) | (236,037) | (260,435) | (300) | ||
| Other undisclosed income from continuing operations before equity method investments, income taxes | 210,840 | 207,328 | 217,417 | 241,295 | 260,435 | 300 | ||
| Income (loss) from continuing operations before equity method investments, income taxes: | 86,037 | (178,916) | (289,251) | (325,258) | 175,140 | 261,647 | ||
| Income (loss) from equity method investments | 2,188 | 3,614 | 3,044 | 2,326 | 4,102 | (8,086) | ||
| Income (loss) from continuing operations before income taxes: | 88,225 | (175,302) | (286,207) | (322,932) | 179,242 | 253,561 | ||
| Income tax expense (benefit) | (25,466) | 8,543 | 7,998 | (10,236) | (22,667) | (5,642) | ||
| Income (loss) from continuing operations: | 62,759 | (166,759) | (278,209) | (333,168) | 156,575 | 247,919 | ||
| Income (loss) before gain (loss) on sale of properties: | ✕ | ✕ | (216,863) | (278,209) | (333,168) | 156,575 | 247,919 | |
| Net income (loss) attributable to parent: | 62,759 | (166,759) | (278,209) | (333,168) | 156,575 | 247,919 | ||
| Preferred stock dividends and other adjustments | (21,000) | (21,001) | (16,159) | |||||
| Other undisclosed net loss available to common stockholders, basic | (1,034) | (1,517) | ||||||
| Net income (loss) available to common stockholders, diluted: | 41,759 | (187,760) | (294,368) | (333,168) | 155,541 | 246,402 | ||
Comprehensive Income ($ in thousands)
| 11/30/2023 TTM | 2/28/2023 | 11/30/2022 TTM | 2/28/2022 | 2/28/2021 | 12/31/2019 | 12/31/2018 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | 62,759 | (166,759) | (278,209) | (333,168) | 156,575 | 247,919 | ||
| Other comprehensive income | 184 | 1,166 | ||||||
| Comprehensive income (loss): | 62,759 | (166,759) | (278,209) | (333,168) | 156,759 | 249,085 | ||
| Other undisclosed comprehensive loss, net of tax, attributable to parent | (21,000) | (21,001) | (16,159) | |||||
| Comprehensive income (loss), net of tax, attributable to parent: | 41,759 | (187,760) | (294,368) | (333,168) | 156,759 | 249,085 | ||
Statements Sources
The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.