Air Lease Corporation (AL) Financial Statements (2024 and earlier)
Company Profile
| Business Address |
2000 AVENUE OF THE STARS LOS ANGELES, CA 90067 |
| State of Incorp. | DE |
| Fiscal Year End | December 31 |
| 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 millions)
| 6/30/2024 MRQ | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 461 | 766 | 1,087 | 1,734 | 317 | 300 | |||
| Cash and cash equivalents | 461 | 766 | 1,087 | 1,734 | 317 | 300 | |||
| Restricted cash and investments | 4 | 14 | 22 | 24 | 21 | 23 | |||
| Total current assets: | 464 | 780 | 1,108 | 1,758 | 338 | 323 | |||
| Noncurrent Assets | |||||||||
| Property, plant and equipment | 17,985 | ||||||||
| Total noncurrent assets: | 17,985 | ||||||||
| Other undisclosed assets | 29,988 | 27,617 | 25,860 | 23,457 | 21,371 | 173 | |||
| TOTAL ASSETS: | 30,452 | 28,397 | 26,969 | 25,215 | 21,709 | 18,482 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Noncurrent Liabilities | |||||||||
| Liabilities, other than long-term debt | 1,282 | 971 | 1,013 | 916 | 749 | ||||
| Deferred income tax liabilities | 1,282 | 971 | 1,013 | 916 | 749 | ✕ | |||
| Total noncurrent liabilities: | 1,282 | 971 | 1,013 | 916 | 749 | ||||
| Other undisclosed liabilities | 22,010 | 20,780 | 18,947 | 18,226 | 15,336 | 13,675 | |||
| Total liabilities: | 23,292 | 21,750 | 19,960 | 19,143 | 16,086 | 13,675 | |||
| Equity | |||||||||
| Equity, attributable to parent, including: | 7,160 | 6,646 | 7,009 | 6,072 | 5,624 | 4,807 | |||
| Preferred stock | 0 | 0 | 0 | 0 | 0 | ||||
| Additional paid in capital | 3,287 | 3,256 | 3,399 | 2,793 | 2,778 | 2,474 | |||
| Accumulated other comprehensive income (loss) | 2 | 2 | (2) | 0 | (1) | ||||
| Retained earnings | 3,870 | 3,387 | 3,610 | 3,278 | 2,846 | 2,332 | |||
| Other undisclosed equity, attributable to parent | 1 | 1 | 1 | 1 | 1 | 1 | |||
| Total equity: | 7,160 | 6,646 | 7,009 | 6,072 | 5,624 | 4,807 | |||
| TOTAL LIABILITIES AND EQUITY: | 30,452 | 28,397 | 26,969 | 25,215 | 21,709 | 18,482 | |||
Income Statement (P&L) ($ in millions)
| 6/30/2024 TTM | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 2,685 | 2,317 | 2,088 | 2,015 | 2,017 | 1,680 | ||
| Operating leases, income statement, lease revenue | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 1,631 | |
| Operating lease, lease income | 2,478 | 2,215 | 2,003 | 1,947 | 1,917 | ✕ | ||
| Cost of revenue (Cost of Goods and Services Sold) | (582) | |||||||
| Gross profit: | 2,685 | 2,317 | 2,088 | 2,015 | 2,017 | 1,098 | ||
| Operating expenses | (1,931) | (2,456) | (1,547) | (1,369) | (1,281) | (1,040) | ||
| Operating income (loss): | 754 | (139) | 541 | 647 | 736 | 58 | ||
| Interest and debt expense | (709) | (546) | (513) | (475) | (434) | (343) | ||
| Income (loss) from continuing operations before equity method investments, income taxes: | 45 | (685) | 28 | 172 | 302 | (285) | ||
| Other undisclosed income from continuing operations before income taxes | 709 | 546 | 513 | 475 | 434 | 925 | ||
| Income (loss) from continuing operations before income taxes: | 754 | (139) | 541 | 647 | 736 | 640 | ||
| Income tax expense (benefit) | (139) | 42 | (104) | (130) | (149) | (129) | ||
| Income (loss) from continuing operations: | 615 | (97) | 437 | 516 | 587 | 511 | ||
| Income before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | 437 | 516 | 587 | 511 | |
| Net income (loss) attributable to parent: | 615 | (97) | 437 | 516 | 587 | 511 | ||
| Preferred stock dividends and other adjustments | (42) | (42) | (28) | (15) | (12) | |||
| Net income (loss) available to common stockholders, basic: | 573 | (139) | 408 | 501 | 575 | 511 | ||
| Interest on convertible debt | 6 | |||||||
| Net income (loss) available to common stockholders, diluted: | 573 | (139) | 408 | 501 | 575 | 517 | ||
Comprehensive Income ($ in millions)
| 6/30/2024 TTM | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | 615 | (97) | 437 | 516 | 587 | 511 | ||
| Other comprehensive loss | (2) | |||||||
| Comprehensive income (loss): | 615 | (97) | 434 | 516 | 587 | 511 | ||
| Other undisclosed comprehensive loss, net of tax, attributable to parent | (42) | (38) | (28) | (14) | (13) | |||
| Comprehensive income (loss), net of tax, attributable to parent: | 572 | (135) | 406 | 503 | 574 | 511 | ||
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.