Air Lease Corporation (AL) financial statements (2021 and earlier)

Company profile

Business Address 2000 AVENUE OF THE STARS
LOS ANGELES, CA 90067
State of Incorp. DE
Fiscal Year End December 31
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)

12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
3/31/2020
Q3
12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1,7341,239926733317292264
Cash and cash equivalents1,7341,239926733317292264
Restricted cash and investments24241621214524
Total current assets:1,7581,262942753338336288
Noncurrent Assets
Other undisclosed assets23,45722,34322,05221,92921,37121,27320,196
TOTAL ASSETS:25,21523,60522,99422,68221,70921,61020,484
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Noncurrent Liabilities
Liabilities, other than long-term debt916851818782749750712
Deferred income tax liabilities916851818782749750712
Total noncurrent liabilities:916851818782749750712
Other undisclosed liabilities18,22616,77716,30616,16415,33615,39814,473
Total liabilities:19,14317,62717,12416,94616,08616,14815,184
Stockholders' equity
Stockholders' equity attributable to parent, including:6,0725,9775,8705,7365,6245,4625,300
Preferred stock0   0  
Additional paid in capital2,7932,7882,7822,7762,7782,7592,734
Accumulated other comprehensive income (loss)0(1)(2)(3)(1)  
Retained earnings3,2783,1893,0892,9622,8462,7022,565
Other undisclosed stockholders' equity attributable to parent1111111
Total stockholders' equity:6,0725,9775,8705,7365,6245,4625,300
TOTAL LIABILITIES AND EQUITY:25,21523,60522,99422,68221,70921,61020,484

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

12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
3/31/2020
Q3
12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
Operating lease, lease income484468498497504493464
Gross profit:489494521511549531471
Operating expenses(351)(340)(337)(340)(342)(337)(311)
Operating income:138153184172206194161
Interest and debt expense(125)(118)(113)(118)(117)(114)(106)
Income from continuing operations before equity method investments, income taxes:12357154898055
Other undisclosed income from continuing operations before income taxes125118113118117114106
Income from continuing operations before income taxes:138153184172206194161
Income tax expense(27)(33)(36)(35)(41)(38)(32)
Net income attributable to parent:111120148137165156128
Preferred stock dividends and other adjustments(4)(4)(4)(4)(4)(4)(4)
Net income available to common stockholders, diluted:107117144133161152124

Comprehensive Income ($ in millions)

12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
3/31/2020
Q3
12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
Net income:111120148137165156128
Comprehensive income:111120148137165156128
Other undisclosed comprehensive loss, net of tax, attributable to parent(3)(2)(3)(5)(13)  
Comprehensive income, net of tax, attributable to parent:109118144132152156128

Statements sources

The financial statements are based on the company's filings with the 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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