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)

9/30/2023
MRQ
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments7661,0871,734317300292
Cash and cash equivalents7661,0871,734317300292
Restricted cash and investments142224212316
Total current assets:7801,1081,758338323308
Noncurrent Assets
Property, plant and equipment     17,98515,100
Total noncurrent assets:     17,98515,100
Other undisclosed assets27,61725,86023,45721,371173206
TOTAL ASSETS:28,39726,96925,21521,70918,48215,614
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Noncurrent Liabilities
Liabilities, other than long-term debt9711,013916749  
Deferred income tax liabilities9711,013916749
Total noncurrent liabilities:9711,013916749  
Other undisclosed liabilities20,78018,94718,22615,33613,67511,487
Total liabilities:21,75019,96019,14316,08613,67511,487
Equity
Equity, attributable to parent, including:6,6467,0096,0725,6244,8074,127
Preferred stock0000  
Additional paid in capital3,2563,3992,7932,7782,4742,260
Accumulated other comprehensive income (loss)2(2)0(1)  
Retained earnings3,3873,6103,2782,8462,3321,866
Other undisclosed equity, attributable to parent111111
Total equity:6,6467,0096,0725,6244,8074,127
TOTAL LIABILITIES AND EQUITY:28,39726,96925,21521,70918,48215,614

Income Statement (P&L) ($ in millions)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues2,3172,0882,0152,0171,6801,516
Operating leases, income statement, lease revenue1,631
Revenue, net1,451
Operating lease, lease income2,2152,0031,9471,917
Cost of revenue
(Cost of Goods and Services Sold)
     (582)(508)
Gross profit:2,3172,0882,0152,0171,0981,008
Operating expenses(2,456)(1,547)(1,369)(1,281)(1,040)(907)
Operating income (loss):(139)54164773658101
Interest and debt expense(546)(513)(475)(434)(343)(287)
Income (loss) from continuing operations before equity method investments, income taxes:(685)28172302(285)(186)
Other undisclosed income from continuing operations before income taxes546513475434925796
Income (loss) from continuing operations before income taxes:(139)541647736640610
Income tax expense (benefit)42(104)(130)(149)(129)147
Income (loss) from continuing operations:(97)437516587511756
Income before gain (loss) on sale of properties:437516587511756
Net income (loss) attributable to parent:(97)437516587511756
Preferred stock dividends and other adjustments(42)(28)(15)(12)  
Net income (loss) available to common stockholders, basic:(139)408501575511756
Interest on convertible debt     66
Net income (loss) available to common stockholders, diluted:(139)408501575517762

Comprehensive Income ($ in millions)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income (loss):(97)437516587511756
Other comprehensive loss  (2)    
Comprehensive income (loss):(97)434516587511756
Other undisclosed comprehensive loss, net of tax, attributable to parent(38)(28)(14)(13)  
Comprehensive income (loss), net of tax, attributable to parent:(135)406503574511756

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.

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